Before rushing to offload your $BLUM tokens, take a moment to evaluate the risks—your next decision could significantly impact your portfolio.
Key Considerations for $BLUM:
Don't panic sell all your $BLUM tokens immediately after launch. A balanced approach could be more beneficial: consider selling half and holding the rest for potential long-term gains.
Why Stay Calm?
- $BLUM is predicted to debut at $0.0025, but early price drops are likely.
- Initial sell-offs often create buying opportunities.
- The true value of $BLUM will ultimately depend on its fundamentals and community support.
Concerns to Be Aware Of:
With a substantial token supply of 150 billion, marketed as a reward for holders, there are concerns this could be a stalling tactic for insiders looking to cash out. Recent community bans have led to diminished trust, potentially triggering a price drop as holders sell.
The lack of enthusiasm ahead of the October 20th, 2024 launch is also concerning. Weak early interest may cause the price to plummet, leading to panic sales.
Other warning signs include unclear utility, an anonymous team, and poor communication, which are reminiscent of past cautionary tales. Compare this to tokens like $FLIP and $BONE, which have demonstrated clear use cases and active communities.
Considering these factors, I’ve decided to sell 85% of my $BLUM holdings—the risks currently outweigh the rewards, and holding feels risky. However, avoiding a complete sell-off may still be a wise choice. Other recent Telegram coins like $DOGS, $CATI, and $HMSTR experienced early declines but are expected to recover, so history could repeat itself.
Recommended Approach:
- Sell 50% of your holdings to secure profits.
- Hold 50% for potential long-term growth.
- Monitor market sentiment and adjust your strategy as needed.
Key Takeaways:
- $BLUM's debut price is expected to be $0.0025, but dips are probable.
- Stay vigilant and avoid emotional decisions.
- Continuously reassess the market to make informed choices.
#WeAreAllSatoshi #HBODocumentarySatoshiRevealed #U.S.UnemploymentNewLow #SECAppealRipple #BTCUptober
