ORE / TETHER
Long
Updated

5/14/24 - $oreusdt - novel proof of work on $sol, have a look

104
5/14/24 - vrockstar - OREUSDT - among the 70+ equities posts i made, i do look at crypto as well and while this is MUCH more speculative, i'm flagging ORE as something that's worth looking into.

1) you don't have to necessarily buy it - you can mine it in your browser

ore.supply/

2) the proof of work concept is quite interesting IMO b/c a. this is a first of its kind on a proof of stake monster chain like SOLUSDT (high throughput, cheap fees) b. and in the context of regulation - not a security - it checks a lot of the same fair launch elements of btc

3) this is a chit coin. i know. but at a $5 mm market cap currently, tons of money on SOL looking for a new home and potentially acting as a store of value, the risk reward is quite good even if you assume 1% chance of success.

4) this is one of the newest coins as a first of its kind, which means there are no bag holders yet. this is key for future pumps. higher highs. shallower dips.

5) tmr's CPI will defn drive all risk and this is massive beta on SOLUSDT which is massive beta on BTCUSDT which is massive beta on $QQQ. So keep this in mind as you consider timing.

forgive me equity bros for posting chit coin flag, but figured this is new enough and interesting enough to have a look at a very cheap valuation and no insider/ VC BS involved.

-V

ps - i'd like anyone's comments if they have an even more bullish or bearish view. and do u agree w/ the above logic? seems like not many are yet talking about this... let's see.
Trade closed: target reached
i'm taking half off the table w/ 100% return on this... and so will just hold the rest risk free for now and unlikely to comment much on it going fwd unless something weird/ wild happens. so closing the thread here for now.

and moving into some other things which i shall not shill just yet unless you DM me and are dying out of curiosity. i remain less likely to comment on non BTC related stuff as i fundamentally believe most people shouldn't f w this stuff bc they don't understand they're all going to zero.
Note
Um. that escalated quickly.
Selling another 50% of my current position. So down to 25% of what I originally had. a 4x in 5 days ain't bad. I'm not greedy. Didn't think i'd have to update this so quickly but here we are. Moral obligation mainly on this one b/c i think the longer u are in the scamcoin world you realize you take what you can and don't hang around longer. that said, this could still have legs. but better safer than sorry.

V

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.