$PEPE, $WIF, $SHIB: these 3not-so-cute-anymore bearmarket coins
2025-02-05
Category: None

Three memecoins that I have been warning about, to put it mildly:  SEED_WANDERIN_JIMZIP900:WIF ,  CRYPTOCAP:SHIB  &  CRYPTOCAP:PEPE  continue to show typical bearmarket behaviour.

Have you ever heard an expression 'to catch a falling knife'? Very often used in trading, in order to desribe buying an asset in a strong Downtrend.

So, how would you desribe buying sth that has no intrinsic value in a strong Downtrend. Like a memecoin. Smart money does not do that. This is what dumb money loves doing.

Buying shit with no value only based on hope that the shit they keep accumulating will turn into gold. In most cases, that never happens. The shit asset continues falling, the dumb money continues buying (DCA'ing) until there is no more dumb money left.

This is a problem of education, more than anything else, and psychology, namely greed. Pick up any trading textbook and it usually begins with trend analysis. 

Trend is your friend. Buying in a Downtrend is your biggest enemy. 
 
Buying in a strong Downtrend is basically breaking the most important rule in investing and trending. Losing fate. All these three shitcoins are below the US Elections level. Do you keep buying?

I know this is a harsh post, I don't care. If this is too much for you, it means your emotions have kicked in. The same emotions that will always stop you from making any money in the markets, so you better quit, the sooner the better.

Or start learning and applying at least the fundamental rules before putting your hard earned funds. This market will continue to annihilate dumb money, you have seen nothing yet. 💙👽



I publish my stuff regularly on Binance SQUARE, more images are allowed there (for this post, i included all 3 charts, here, I can't do that) and no cap on a number of posts/updates, unlike here. Check it out:

app.binance.com/uni-qr/cpro/Square-Creator-52b223424?l=en&r=81770287&uc=app_square_share_link&us=copylink

