Solana Weekly #73 - Top Signs or Signs of Adoption?
Solana Weekly - En podcast af Solana news and commentary, but slowed down to a weekly timeframe.
What’s up everyone, it’s Thomas Bahamas and you are here for another episode of Solana Weekly!We got another banger of a week with so much going on it's going to be hard to condense it all. Sol price - 148.48 with a 13% drop on the week and the dreading feeling that it's all over. It's not. SolEth - .04225- down 6%Solbtc - .00221 - down 8%, honestly I thought this was going to be worse.Sold - 2.8 %Solflate pod - listened on Drip, it's sick and I'm looking to join in. Drip - crushing, creators and collectors colliding on a beautiful Solana protocol. Sphere - based team in the payment space.Fuse - early beta released to the public and slick af. Smart wallet, literally stop keeping your funds in hot wallets and get this wallet.Solana 1.18.15 released and updated - transactions be landing, and increasing the priority fee is now increasing your odds of landing a transactions. Fees are rolling.Celebs - thinking about a naval quote where you want to be rich and unknown, not famous and poor.Could it actually be the solution?Maybe. The problem is that it sure doesn't act that way yet.Iggy is likely 1 in a million in that she is working for her freaking bags every day non stop. I haven't seen another one that is that compelling, but it brings forward an example of showing what can be done.Ansem has turned into a Celebrity himself at this point, he's basically advising/dunking with these new guys launching coins.Going to finish it off with a little Charlie Munger style thought.A what not to do at this point in the cycle, invert the good advice. Premise: I don't think the cycle is over and this is a pullback, if you think otherwise, stop here.At this point, we've corrected down 25+% and a lot of meme coins have been hit way harder. A recipe for disaster is to sell all your coins to dollars to buy back lower. Watching charts 24/7, waiting for the right support to buy back on. Trying to leverage trade this either way right now will chop you up. Not paying attention to your health will hurt you. Not having a few Limit orders at lower prices in case we do hit a lower price. Not having conviction in your big bags for the long term. Not having some money on the side and depending on the income you make from short term moves is a sure way to misery. Following the trend of stimulants and tobacco will take years off your life. Losing sleep will make you miserable. Not eating well will take its toll. Not having a stable home life will make it much harder. We need a solid base, we need to keep our minds clear, out of the 5 minute chart, and have confidence in your analysis. Have big bets, if the big market structure changes and we go to 0 have a plan. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thomasbahamas.substack.com