Infinite Loops Nat Eliason — Crazy, Crypto, Confidential (EP.224)
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Jul 11, 2024 Nat Eliason, writer of 'Crypto Confidential', shares insights on crypto market highs and lows, psychological effects of bubbles, cutting-edge developments in crypto, ethereum's innovations, stablecoins emergence, USD reserve currency, anonymity in crypto projects, getting into crypto, money pile imagination, next career as a novelist, and more fascinating topics!
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Crypto Pump-and-Dump Reality
- Most crypto social media posts share only gains, hiding losses and pump-and-dump schemes.
- Late entrants to farming and meme coins often become exit liquidity for early insiders.
Balanced Crypto Token Selling
- Crypto founders selling their tokens face backlash as it signals a lack of confidence.
- Nat used scheduled daily selling to balance transparency and market pressure.
Diamond Hands and Exit Liquidity
- "Diamond hands" encourage holding crypto to keep prices high so insiders can sell.
- The fear of "paper hands" shames sellers, though selling profits often is wise.