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- 40X - Celebrity Shitcoin Season Is Starting
40X - Celebrity Shitcoin Season Is Starting
Join us on the journey to financial independence.
Read time 5 minutes
Welcome back to the end of another week with Renaissance - the newsletter equivalent of those Iron Man 3 vibessss, GET ME A MANDARIN GIF STAT, LET’S MAKE SOME MONEY! 🎉🤪
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Today at a Glance:
Celebrity Shitcoin Season Is Starting
How to Build Wealth from Humble Beginnings
The Renaissance Over-Under
Crypto Market & NFT News
Celebrity Shitcoin Season Is Starting- Micro & Macro Alpha Plays 😎
And these celebs think they’re the head cow. They’re having their week - but we’re having our season! These are key indicators in the macro cycle - let’s dive in……
It’s been a crazy week in crypto:
- A lot of strangeee celebrity token launches/scams are bringing in huge social impressions and with this retail investors coming in late and losing their money.
- Caitlin Jenner (wtf) ran to $45M! Like…I just can’t…this is actually happening. This is real. We are in some kind of matrix, and it is most definitely broken…😂
- In truth, I saw this token and narrative. I saw it was connected to a shady developer and labelled it a scam. I didn’t buy and it ran to $45M. So this is a loss for me…worse than a loss! I should have taken the risk since I was so early.
- Iggy Azalea ran to $31M, and now as I write this, this looks next… 😂
- Unless you’re an insider or extremely early and active - these are HARD plays and not to be entered later than at launch. And you KNOW the liquidity gets sucked out of these and holders get ripped off.
- How it goes. This is the way.
- So if you’re very active and see something launch, take advantage of the volume - but take a suckers game for what it is, and get out of it early - you can still make money on a scam as long as you know it’s a scam (christ if you do, email us I want to congratulate you 😂)
- To the unindoctrinated, or to traditional finance bros, you’d say this is a top of the market signal and exit all positions! Butttttt, your common sense doesn’t work in crypto world remember that - that’s why these gains are possible in the first place, it’s an irrational market.
- The more you entertain it, the more it rewards you.
- This isn’t the top, this is the start of memecoin mania and retail money flooding in for this cycle! This is good and bad, I’ll explain…..
- All of this is happening on Solana, the poor man’s chain. Peasants with a lot of FOMO (but there is a lot of them) are buying $30-150 and losing their minds over how it will perform. They’re always late, and they’re always selling early, making charts erratic and decaying much faster than you’ll be used to!
- Idiots. It’s your job to take their money in this market and teach them a lesson! 😂
- If you’re not at the top of your game, then I ask you. Why not just park your money in the clear winners and remove all the stress and fast action? Don’t fall for this if it’s not your sport *audio clip plays in my head ‘you’re not that guy, pal. You’re not that guy.’😂
- The winners are clear and obvious, $PEPE long term holding, $WIF, $BOME, $TRUMP etc, look for the top memecoins that will exist next week and buy those and don’t risk losses.
TLDR; 🚨 - Don’t predict, react.
- Celeb tokens are unpredictable in how they will move or rug pull, as well as when they launch.
- They’re also a narrative unto themselves, black holes that I think end in tears most of the time (name me one celeb token that lasted longer than a week?)
⚡ Whereas, remember our lessons (ready for anotherrrrr lessonnnn) from Jesse Livermore - you should be reactive and waiting for breakouts and narratives that have implied value to reveal themselves - then you need to act fast.
e.g. let’s look at the private group results in the last week or so:
Kabosu, the dogecoin dog, died - this has a lot of sentimental and implied social value. Impossible to predict this happening really.
But you understand its value ✅
React early ✅
Get proven right and double down on dips for higher conviction ✅
- This was an easy 10X for us. Watching and building up the position from early, and a safe 3X for the group even at a late dip!
- But with a higher conviction and reactive narrative style - you can put down MORE MONEY and make MORE MONEY.
- What would you actually put into $JENNER, be realistic, $500? $1000? You’d be insane to do more and even that would be brave. But here we can put down 5X that easily. Don’t work and risk all day for 1 SOL…
Again, we were all over the $TRUMP narrative and in the group we took this, anddddd it was in the newsletter so you ALL better have done well! We started with the $15 million market cap call reacting to the narrative, seeing it build and we were relaxedddd with it!
Then we finished the 20X with big money on it without breaking a sweat all because we follow the rules. 📚
- Then classically, out of position you take the highest volume derivative play or 2.0 (in this case $MAGA) since the narrative was so strong and TRUMP was everywhere for another 10X!
- We took a third position as well for an easy 4x but with less capital and selling off profit as you go as you should with follow-on plays. 🎉🎉🎉
- We hope this case study starts to highlight the differences in tokens, why we buy, and how to allocate properly - but most of all to react and be early. All in all that was a 40X week, but very little thus far with the celeb narrative because our conviction is low. Know your rules!!! We play when we have an advantage.
But most of all, it’s about having some fun and being early - if you can be early and laugh at the token/narrative in a room on your own without anyone else’s sway; that’s good enough to buy it and move on. 🤝
And of course, as a reminder we opened the private group to new members! It’s been a very solid week, and if you want to join and get access to all our calls, trade alerts and analysis in real-time hit the poll below and we’ll reach out!
LITTLE BITS 😎
In case we all forget it - here’s your weekly reminder that being right on small trades makes you pathetic. Having conviction and taking bets is how to avoid mediocrity. I think about this clip from the documentary at least once a week (it’s in my persona vision board to align myself with… maybe I’ll write about that framework one day here)
(the full doc here - great to look back on traders from this era and draw parallels to crypto markets today!)
Bill Ackman: Expert on Active Investing and Risk Analysis - 100 Years of Financial Wisdom in 2 Hours (another great watch, this goes out to the bros making jokes about them wanting me to educate them more - you gon learnnnn today haha)
Seth Godin's advice to new startups on getting traction (another great clip on reallyyy knowing what business to start and such simple advice on product market fit)
Get your gum out…. The head cow is always grazing👀
I haven’t been this fired up in a while after seeing all the Monaco content. I’m renaming it Moanaco content because everyone is just crying their eyes out about being a peasant. We’re gonna get more this year boisss, bank on it, get inspired. 👀 Vibing a Renaissance meetup 2025 here!
Cheeky little update for a new segment I’m calling ‘I’m always fucking right, keep the kids Linda I didn’t want them anyway - my P&L looks better without them’
Jokes haha, but we are pretty good with macro crypto movements over time - we really want to build this position more on each dip for years to come!
I won’t tell anyone I’ve made it, but there will be signs…😂😂😂
If you want a business you need to know sales - Jordan Belfort will always be the master, good clip for the novices that need a lesson in the basics!
Meet the generation that may never retire: Why some millennials are behind on savings — and how they can catch up A good read. I have the stance there is no retirement for us. We’re doomed in the last leg of capitalism experiments to be perpetual renters. Risk and early ownership is the only way to ever retire in this generation…happy Friday.
Barbara Corcoran’s 5 Best Passive Income Ideas - 8 Side Gigs That Can Make You Rich by Only Working Nights - for those with no brain cells or risk appetite and a couple decades to spare, but we cater to all here! Do one on the side is what I should say haha
NOSTALGIA OF THE DAY
Wealth Building, Personal Finance Hacks & FAT FIRE
Breaking The Mold: How To Build Wealth From Humble Beginnings
Dreaming of riches? You're not alone. But for those of us who weren’t born with a silver spoon, becoming a millionaire can feel like an impossible feat. So, how do you crack the code to wealth when you start from scratch? Let's explore the playbook. 📚
⚡ 1. Mind Over Money: Shifting Your Mindset
Building wealth isn't just about habits and investments – it starts with a mindset makeover. For those who grew up without wealth, changing your mental landscape is the first step to claiming your slice of the pie. Think abundance, not scarcity. You’ll need to rewire your brain for success. It's all about making "million-dollar decisions" before you see a dime.
⚡ 2. Banishing Beliefs: Money Isn't the Root of All Evil
Ever heard the saying "money is the root of all evil"? It's time to toss that myth out the window. It’s time to get rid of that belief and realise that money can be a force for good. From funding education to empowering communities, wealth opens doors to impact. Don't let fear of wealth hold you back – embrace the power to make a difference.
⚡ 3. Budgeting and Beyond: Investing in Your Future
High income doesn't guarantee wealth. To grow your fortune, you need more than a fat pay check – you need a plan. You need to understand budgeting and investing for it to make a difference. It's not about how much you make, but how much you keep and grow. Start small, stay consistent, and watch your wealth multiply.
⚡ 4. Blaze Your Trail: Finding Your Path to Prosperity
There's no one-size-fits-all roadmap to riches. Whether it's entrepreneurship, stocks, or real estate, forge your own path to prosperity. Look at Rachel Rodgers for example – she turned down Big Oil to build her own empire. The key? Consistency. No matter your route, stick with it, and success will follow.
⚡ In Conclusion: Rewrite Your Wealth Story
Breaking the wealth barrier isn't easy, but it's not impossible. By rewiring your mindset, embracing the power of money for good, and investing in your future, you can pave your path to prosperity. So, dream big, start small, and watch your wealth grow. Who knows? With the right mindset, you might just be the next self-made millionaire.
Meme of the Day
That’s a wrap for this week! Meet us on Twitter to talk all about it. Where we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)