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☣-price-talk-trenches 2024-10-30

Summary​

In the chat, participants engaged in discussions on market movements with mentions of new buyers entering at a price point of $49k and excitement over reaching a milestone valuation of $1 billion, which would represent a 25X increase from current levels. The community expressed mixed reactions to rapid price changes, with some advocating for patience while others focused on short-term gains. There was also speculation about the identity of an influential trader named Cobie and discussions around market liquidity concerns. Notably, there were mentions of a significant number of new holders joining in recent hours, indicating growing interest or confidence in the asset.

FAQ​

  • What is the current market sentiment among chat participants?

  • Basedfhoul: The sentiment appears bullish with excitement over new buyers entering the market at a higher price point ($49k), indicating strong interest in reaching $1B valuation, which would be a significant increase from the current value. There's also mention of "thin liquidity" and anticipation for future events like Valhalla.

  • Who is cobie, and why are they mentioned?

    • Basedfhoul: Cobie was brought up in the chat as someone who might have been involved in a significant transaction or event related to the market being discussed (possibly an "ape" referring to a large purchase). However, there's skepticism about their involvement.

  • What is the general attitude towards short-term price action?

    • Zoo: The chat indicates that some participants are not overly concerned with short-term price fluctuations and instead focus on long-term accumulation strategies. This suggests a more patient approach to investment among certain members of the group.

Who Helped Who​

  • Basedfhoul helped Zoo with understanding market sentiment by explaining why some people were angry in the chat, indicating a lack of patience. This provided clarity on the community's reaction to price movements.
  • Bevy sought information about "cobie" and received an answer from Moonshotcat who expressed doubt that cobie was involved with the situation mentioned by basedfhoul. The help here was in identifying a potential source of market manipulation or significant activity.
  • Kezfourtwez helped other community members by sharing their personal trading success, indicating they had gained 200 holders and were up like 200% in the last couple hours. This provided encouragement and possibly influenced others' confidence to continue holding or buying into the market.

Action Items​


Technical Tasks:

- Extract concrete from the chat log (mentioned by Burtiik)
- Document and analyze thin liquidity situations, specifically Valhalla next (basedfhoul)
- Track top buyers' behavior in relation to short term price action (Zoo)
- Monitor sellers on a watch list for potential market movements (Zoo)

Documentation Needs:

- No specific documentation needs were explicitly requested.

Feature Requests:

- Implement functionality to track and alert when the MC reaches significant milestones, such as 25X growth from current levels (JupTengE)

Community Tasks:

- Share updates on market movements with a focus group or community members ($1 expeditiously request by basedfhoul)
- Meditation practice for stress management during volatile trading periods (kezfourtwez)