What’s up everybody it’s Thomas Bahamas and you are here for another episode of Solana Weekly. It’s the bull market and we are in full swing with the Crypto Undeads hyping up the NFT market and selling out a 10k pfp instantly, sol is looking great, and yes Jupiter’s airdrop is on it’s way at the end of the month. We’ve got a lot to cover and it seems like Franklin Templeton with Trillions under management have hired an intern and have taken to pumping our bags on Twitter. I’m loving it and we’ll dig into all of these and see what we need to do to prep for this bull run.
Sol Price - $101.78 up a small amount from last week, but not quite out of this consolidation. $140 is the short term target with not much in the way after that to $200.
SOLETH - .04022 - kind of chopping here which is good, we’ll see this go up more.
SOLBTC .00238 - not bad, not bad at all. The BTC ETF has been massive, tons of flows, some of it out of GBTC to other ETF’s but it’s something like 4.5 billion dollars worth of flows and all of this will be positive for our space in general. I’m hoping this leads to my ETHE pumping more and would love to unwind that position.
Crypto undead NFT drop - 20 sol, down to 11, then we go to the absolute moon? Got me all excited, can't tell if it's a rug or a moon, the drop of tombstones wasn't cool, but I'm ready and my bags are packed.
Either way I think this is getting some hype to NFT's on Solana and would love to see this go to the moon.
New Solana phone! I aped the 2nd Solana phone, slightly cheaper, and maybe it will be slightly easier to use. Either way seeing how the first phone went I think it financially made sense and I want to keep supporting them. Even if it flops and we don't get 10k airdropped right away, it will be a great hardware wallet.
Helium- added a new line, can't get over how good this is.
Mockjup dropped and Jupuary is getting me all jacked up.
Bull market prep-
Sleep is still necessary.
Health is still incredibly important, both physical and mental.
Shiny objects go up and down.
You don’t need to hit them all.
Keep your high conviction and most your portfolio in those and keep them untouched.
Set targets - whether that’s sell limit orders or alerts on trading view, have a plan and execute
Cobies triangle.
People always buy too quick on the way up and sell too slow on the way down.
Take some profits. Couple % here and there.
Life changing money - take it out, most people start acting very irrationally with access to too much $ so quickly.
Chart your largest holdings vs Bitcoin not usdc.
Curate good news inflow and actually do research if you’re going to put a good chunk into anything. Motives of people are to make money, bag shilling will be everywhere and will be tempting.
Don’t click links - scams will get better.
Froth at the top will feel like you can’t miss.
You will never catch the exact pico top or bottom. Just get near it and you’re doing better than most.
Understand your strengths and what got you here. It likely wasn’t high leveraged positions or wild meme coins, holding strong coins for a while usually does it, the rest is just distraction.
All That is advice I’ve accumulated over the years and am hoping to take with me into battle. We have a massive opportunity on our hands and are still early. My plan is to stake and hold Sol, target is $400. Hold bonk until 10 billion mcap, probably won’t make this the whole way. Increase sol holdings through other sol tokens listed on Coinbase. Hold jito, hold jup. I’m probably going to not get too deep into NFTs, or at least try not to. Maybe some presales and I’m really looking at the Kanpai Pandas as a long term play. But I hold the Quekz, Famous Foxes, and few others I have. At the end of last year my tax guru said rather than tax lost harvest, just get rid of any NFTs you don’t want to hold. If you can’t sell them, burn them. This kind of changed my mind about the nft game and makes me just want to hold quality and not care about flipping as much.
Please do reach out to the man Cryptotaxsux on Twitter if you also are confused with the state of reporting taxes. He saved me a ton of stress and does amazing work.
Other than that looks like SMB Gen 2's are downbad, hit 70 sol and sitting around 75 right now with gen 3 at 7. I had a hilarious thought that gen 3 would flip gen 2. Not going to happen, but I bet the ratio goes up from 1-10 to something like 1-5. Think about it, you get all the perks of the gen 2's and none of the downside. You don't have to vote or see the gen 2 chat, it's 1/10th the cost, the team got fired, art is better, supply got reduced from 15k -10k, and you don't have a massive investment in the hands of a group of people that are working against themselves.
Let’s have a good run here and get that bread.
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