I am not a memecoin maxi... I welcome gains made out of stupidity and even though I lost around 3,000 USD around 4 weeks ago, I plan on recovering that at one point when the market recovers, after, all, I'm up 5 digits when it comes to memes. I am not a good memelord, I'm not an intern, I don't really know how to spot good memes, but I do know human and trading psychology and that surely helps, but that's not the point. The point is that I am not a memecoin maxi, I keep a balanced portfolio. My entire net worth is in Altcoins. I don't have BTC or ETH simply because I can't afford to get comfy with 3-8x gains, I need the double digit profits if I ever want to make it on this cycle.
I am an early investor in a couple of narratives, particularly RWA like $IXS, $PROPS and $TRADE, and DeFi products like $FI and $CACAO, with a little bit of assets with huge upside mainly due to outside factors like community in $RIO, $INJ and, wether you like it or not, $HIVE and $LEO - although mainly $LEO.
A balanced portfolio that follows the Markovitz portfolio system basically.
Regardless of that, my Memecoins have been the absolute best performers this cycle - and that's a lot to say if you check how $RIO, $IXS, $PROPS and $LEO have performed. The fact that memecoins can hit a 100x randomly on any given day is massive and even though it's a mirage for 99% of people, I've actually managed to get a few 20-30x over the past few months.
A popular narrative on Crypto X is that people all of a sudden will stop memecoins and suddenly will go into random coins, and this theory pushes that right now it is memeszn (meme season, pleb, git gud and learn terms) and at one point capital will rotate onto other narratives. But that's not really true, memelords will not stop gambling on shitters to go invest on shit tokens like harmony or some other trash chain to 1000x it over the next dog or cat coin, believing this is beyond ridiculous.
It just shows that people are still close minded and have zero idea how the market works anymore.
It is NOT your grandpas market and yes, in this world the 2021 cycle is grandpa. if you are from 2017 and earlier jesus lord you are beyond ancient (this is coming from someone who has been in the market for 8+ years).
Narratives matter more than anything else. It doesn't matter how amazing your tech is. There are many new chains coming out (I am an early investor in some of them btw) and people who are investors in them want to change narrative from memes to whatever fits their new chain because they missed memecoins and now want to make sure their bags go up when the time comes.
Don't let these people win. Memes are internet culture. Gaming is internet culture. This is the purpose of crypto. Its decentralization. The average person should have a fair shot at hitting a 1000x, not only the VCs, the fucking ninja miners, the undeserving early adopters that got lucky because they had inside information, and especially not the influencers in the space.
A random person who bought wif cuz its a dog wif a hat... thats the thesis and made millions is whats great about crypto and don't let anyone tell you any different.
As much as I would love my other random bags to pump and let memes have a breather or underperform, the future of internet and crypto is memes and these old heads need to realize or perish.
Will the overall market pump and fill your bags? Yes
But memes are here to stay and they will become a larger and larger percentage of the crypto market cap, wether we like it or not.
I used to shit on memecoins all the time, but after I understood why they exist and how they allow anyone to jump in and make gains, and how they affect the culture everywhere, I embraced them, and man, I've made a ton of money thanks to this mindset shift.
