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https://warpcast.com/~/channel/fan-token-tavern
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degen chad
@degen-chad
This is a follow up thread to my cast earlier today… Why I don’t think it’s the best strategy to be selling a majority of your Moxie Earnings. These are just my thoughts and NFA. I won’t be able to express everything in this cast. A 🧵 I’m sure I’ll mess this up Please try to read all the way through 1-8
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degen chad
@degen-chad
6-8 -This reminds me a lot of my journey with Aerodrome and the AERO token. I was very early to Aerodrome. Bought a decent amount but really earned a ton of it farming LPs heavily. It was a great product, but I wasn’t super interested in holding another dex token. I sold hundreds of thousands of AERO between $0.02 and $0.10 and I thought that was great. I had become very impatient with the price and almost sold the last 50,000 for like 0.6 ETH, but I thought about it. The base narrative is strong. This is the best ever implementation of of a Solidly style dex. I’ll just keep this as a moon bag. And thank god I did. AERO proceeded to run to over $2.00. So instead of pocketing 0.6 ETH early, I pocketed over 30 ETH!!! Imagine if I had held more of it. I was happy with the 30 ETH, but it could have been 100 if I had been more thorough in my thought process.
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Niko
@nikomfer.eth
you need to teach us how to make an exit plan.
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degen chad
@degen-chad
I’m not even close to thinking about it right now 🤣 Just kidding. But one way to “exit” when the price is rising in a way that is not harmful to the project is simply to be in the LP. You’re essentially averaging out as it goes up.
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antaur
@antaur.eth
+1 here @degen-chad I am working on a channel just for that: exit plans and legging out strategies. I would love to learn from you.
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jp 🎩
@jpfraneto.eth
there is no exit plan the journey is the destination
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