Investors Reaction is The Meme Itself
I took a nap yesterday afternoon, I often take such naps and probably that's why I look so good. When I woke up though and checked coingecko I felt like I was in a coma or something for a few weeks or month... The market was $100 billion higher in total market cap than it was before my beauty sleep and something smelled fishy.
You know, we used to have $100 billion total market cap when shitheads were calling Ethereum dead, but that's a story for another day. The reason for the pump across the whole market and especially for Litecoin, was fake news.
According to that "fake news" it was supposed that Walmart, a chain of supermarkets in America, would adopt Litecoin as an alternate means of payment, aside from the almighty good ol American dollar. Looks like it was all fuzz without a buzz, but plebs have for sure aped into the shitcoin.
I was happy seeing LTC pumping because I hold 2 coins for my father. His first crypto investment, but do my deceive, literally minutes after I opened my eyes, the whole bubble deflated and LTC lost $55 in valuation in almost a blink of an eye.
Just saw a cryptopotato article about the memes that got born out of this situation and one of them was about the daily chart of Litecoin replicating Buj Khalifa. You know what the real meme is though? The reaction of investors aping into LTC. The level of stupidity in crypto never ceases to amaze me. I'm talking about the masses here and not the small percentage of smart guys who really make this thing rock.
Such type of losers are the ones buying DOGE at $0.5 and waiting for it to reach $100 or more and throwing money at shitty jpegs called NFTs. This category of people will never make money in any market or business ever. That's not the attitude to make money in anything.
True gainers are the ones seeing potential in an asset, company or potential business and investing in it before the majority does, staying ahead of the curve is how huge gains are to be made. In this regard I'm thinking of @empoderat who has managed to buy into some real gems during the bear market and made a tons of money during the bull market.
Aping on Litecoin after a Walmart news only shows how stupid you are. Even if Walmart would adopt Litecoin, so what? El Salvador made BTC legal tender a week ago and we don't have anything spectacular in terms of price action. Rush, FOMO, aping or however you wanna call it won't make anyone any money ever... That's for sure. I don't know how many got frustrated out of a bad trade with LTC yesterday, but I'm happy for them.
That's how you learn what actually pays in crypto and buying fake news definitely won't fit in that category. So, yeah... the meme itself is the reaction of investors aping into LTC yesterday. Good job guys! Meet me when XTZ will hit $100 so I can sell you some "cheap coins". Now see ya later alligator. Have a fun day today! Hard not to have fun in crypto these days, isn't it...
Thanks for attention,
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