Subnostr

During yesterday's stream we talked some about shitcoins and memecoins in particular. We took a look at the newly hyped BEER token on Solana and I elaborated on how wonky the market evaluation for those tokens can be. For example, BEER is evaluated at having a market cap of $300M with only $13M in liquidity and 885.88 BILLION supply.

Today I wake up and see this

Just keep stacking sats and be happy or you'll end up being someone else's liquidity.

S!ayer 1y ago

honestly we need to get in on these shit shows and scrap some yields.

Also, who tf uses Solana? Didn't that blockchain go offline twice?

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Discussion

TheGrinder 1y ago

Amazes me that people still put money into those tokens but then again, it doesn't. Greed seems to override common sense in people. As for maintenance chains downtime schedule: "Since January 2022, Solana has seen around half a dozen significant outages and 15 partial or major outage days."

S!ayer 1y ago

the thing is if you get IPO then you're sorted. Any minor change in price and you'll be in the black.

Its pure gambling and money harvesting

TheGrinder 1y ago

It absolutely is.