Steven crypto strategy new tokens
by Freddenver: pump.fun
The market doesn't care about your FOMO, and that's exactly why Steven refuses to touch new tokens. He points out that almost every good token eventually suffers a 70% drawdown, which is actually the real entry point if you can wait it out instead of chasing pumps. Take XPL for instance; it launched, ticked up a couple percent, and then immediately crashed 99%. Pumpfun showed the same pattern with their ICO price doubling before vanishing another 99%. Most people get caught up in the initial upside and end up holding the bag, but Steven prefers keeping a positive view on the broader market rather than shorting everything. His approach is simple: stay away from the hype, let the bad actors crash hard, and capitalize on those massive dips without getting emotional.
Transcript (en)
new especially like new altcoins that just like always ends up as a disaster especially to the upside i mean like xpl that thing launched went up a couple percent and then just down 99 percent of course if you're short on them but being in the crypto market i like to like have a positive view on the market and not like want to short every single token so i just kind of stay away from that same thing with like pump fun even um they had their ico price went up like 2x and then down 99 pretty much yeah okay you notice that i mean that's the strategy i've kind of been pushing same thing on meme coins is that almost every good token has a 70 drawdown and if you're capitalizing off of that and not getting fomo you're gonna have such better risk rewards you're gonna have more free capital to deploy when tokens are down and i think that's why the majority of people end up losing in crypto is just because they're not patient enough like there's always I don't.
