I've seen a couple of post today on Hive, about people who are quite hopeful for the pump we've seen in the past two days. It feels somehow wholesome to see your portfolio go from some dangerously low levels to seeing some green.
While people are allowed to be emotional about this, I think it's just better not to. This isn't to say people can't make posts to celebrate price, I think the idea is that the pump is not the regular bull run pump and will generally go back to the old price levels in a week or two, at best.
It's crazy because people's mood can change over a little pump and they can start heavily crashing out when it dumps. So far I've not seen the big critics of Hive who are always here to post when the price dumps hard.
It's safe to say these people have probably checked out of the platform and only show up to gloat when price is dumping. Just like I said yesterday, sentiments like that are honestly horrible.
I think if people are to show sentiments, then they should make sure to balance it, because it's honestly just better for them to leave instead of spreading negativity that is uncalled for.
Overall, the best emotional reaction to a pump or dump is to be neutral, because this helps you with understanding what you need to realistically do when the market is pumping or dumping.
On a side note, Twitter is currently abuzz with a meme coin hype. The coin is called the black bull and it was launched on PUMPFUN and owned by a guy on Twitter with 1.2M followers.
So this particular coin has gotten some crazy marketing so far, and before this pump, this guy has paid out over $200k in reward for folks who are promoting the coin and it's even crazier because the BTC pump also pushed this coin a lot, making people to create an agenda that maybe this coin was the reason why we saw that pump.
Some people are even saying the coin will kickstart the alt season.
A lot of agendas are obviously flying and this is because this guy is paying or doing giveaways to people who are actually saying nice stuff about this coin on Twitter, so basically, the higher your agenda or ability to creatively fabricate nice stuffs about this coin and better still if your posts can reach more people, then you're the man.
I think this guy has been extra fortunate, and he's got a lot of people buying his coin because they don't want to miss out on the next big thing, but inasmuch as I think people might make good money holding the coin for a while, I think there's also nothing stopping this guy from pulling the liquidity and rugging everyone.
They recently said the marketcap of the coin is available a $100M, and that's honestly crazy for a meme coin.
Although this guy has thrown a lot of money to hype and promote this coin, he has built a cult of people who worships him, and people who are willing to hold for long, and he has built an army or promoters, who are always shilling the coin and defending it against naysayers.
It's so crazy that you'll hardly see anyone see the light of day if they try to FUD the coin, and that's because that are an army of people who are faithful to this guy and his coin, so much that no one can create FUD.
This guy has a questionable past, and he's been known to promote a few coins himself that's rugged people, so he went from being a paid shill to actually owning his own meme coin and launching it with a $200k promo pool that has not generated hundreds of buyers and holders of the coin.
If this guy doesn't scam people, then the coin is probably a prospect to hold for the bull run (when it comes) but if he's probably doing some secret stuffs, then people are going to lose money.
You might wonder why people are building on something that is largely centralized, owner of the coin has the power to pull out the liquidity and crash token price, there's no actual tech or frontend where building and development is happening, except just buying and holding, and I'll tell you why.
A lot of people are no longer chasing freedom, tech, decentralization and community driven chain with the right incentives, it's just money and more money for them without anything else.
The age of tech is diminishing, and even people who are builders of the tech no longer look at the tech as a reason to hold. The market is currently streamline to male people judge a project based on the coin price and this is probably because of all the saturations we've seen: retail being scammed because of more coin being pumped into the system.
