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Diary of a degen #01

Diary of a degen #01

Antoine Rousseaux
June 16, 2024

What a week,

Retrospective on the market.

The crypto market stayed the same:

-A bit of interest for AI coins.

-And most of the interest still on memecoins.

Fot the second one it changed again

The number of coins getting creating is way too high.

About 50 every two minutes.

It became too easy and dilute the capital.

Instead of all aping into the same coin.

Everyone is creating their own coin and asking their friends to ape in.

Making money launching a coin is a really hard job.

It’s a lot easier to make money by aping into one.

Making a good launch requires at least $5K in capital and 3 employees.

So it’s not made for everyone.

But you know this and you saw it.

The thing is that people create a beta of the beta of the beta.

Basechain has like 30 variations of Brett.

Boooooring.

And I am not even talking about celebrity coins where insiders are even bigger.

I guess the bottom of the meme is near.

It should be easier to make money into it soon.

Now we have less profit on one coin. But have it on multiples coins.

Like Brett have 30 variations on Base.

I try to avoid those coins unless I can be online all during the trade.

What I worked on:

As I got paid $5,000 to talk about a meme coin, I decided to give it back.

People just need to refer someone to Based trading via their referral link: https://handsome.finance/based

New learning:

Always check who are the top holders to know if they are ghost wallets.

A ghost wallet is a new wallet created only for trading this token.

And a lot more other learnings in the boardroom.

Copy trading fund:

As I was visiting some family I did not trade much and every time I checked I couldn’t find anything good.

Only one significant trade this week.

Did a small +100% on

New wallet found:

All available in the investors boardroom.

Antoine.

Ps: to join and pay by card it’s here: www.inand by crypto here: What a week,