Crypto God Pump Begins
350: Arbitrage Andy Crypto Guide November 2024
Well we were right once again.
The haters don’t like hearing that, but it’s true.
The crypto pump was always coming as I warned.
Bitcoin was always destined for $80,000+ and next it will be 6 figures. The haters, doubters, and skeptics (who by the way are now changing their tune online entirely lol) are in disbelief. They were wrong and are suffering now because of that.
If you are subbed to
or (two of our mentor accounts) chances are you’ve made a substantial amount of money on this first major move up. Hell, if you just listened to our Risk On interviews with Zyncoin founder Colton Kirkpatrick or Tradermayne you probably knew what was coming — both interviews proved to be signs of what has come this week.Paid subs to Arb Letter have made their subscription cost back by multiples of 1,000 to 10,000 which begs the question — is it really worth bitching about a $5/month newsletter when you’re now transcending social classes by taking very basic steps to secure your future in crypto or in the other ideas we touch on?
How about the 500%+ gains on PLTR 0.00%↑ ?
And how about the cost of being wrong or sidelined?
Traditional finance influencers, skeptics, and naysayers have misled thousands of people, writing off crypto as a ponzi or a fad, when the reality is — it’s literally the future of finance and the internet. In a similar grain to the US election result, those who buck the trend, become based, or have a shred of rebelliousness in their blood — reap the rewards of being correct. These are the degens that entirely ignore “mainstream” narratives and advice.
It matters now more than ever who you follow, subscribe, and listen to. If that’s not obvious by now I cannot help you.
Reality is not what these traditional pundits or normies tell you it is. Getting useless or wrong info on life or news is bad enough — but when it comes to market and your finances? That can leave you in shambles and in this case, behind the ball on the largest technological trend since the internet.
Some of you have made life changing money, or as they say on crypto twitter, wife changing money. The good news is there’s more to come on the horizon for those that aren’t allocated heavily or feel like they missed this rip — but the push we saw yesterday to $88,000 was the first step in the blow off top we are going to witness.
This is the real deal — this is not a baby pump and it is not just a coincidence. We are going so much higher in the coming months and there will be money all around to pick up on the ground. Over $765 billion added to the cryptocurrency market over the past week — many assets that have been dormant are beginning to show life, everything from Ethereum to random alts to the most obscure and ridiculous meme coins. ETF flows were overwhelming to start off the week.
If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France (CoinTelegraph).
Doge now has a higher market cap than Ford Motor Co. lmao. The Bitcoin price rally we just saw yesterday pushed its market cap above silver. Gold is next. Tesla and SpaceX now hold a combined $1.73 billion worth of Bitcoin in total.
Forbes dropped an article yesterday titled: Institutions To FOMO: Why Ignoring Bitcoin May No Longer Be An Option.
Sure it may be too late for many to buy a full Bitcoin — but that doesn’t mean you shouldn’t take this as a wake up call to spur you to action. There is going to be an insane amount of money to make in the coming weeks and months across ETH, alt coins, meme coins, and more. Depending on where Bitcoin ends up going you can still start stacking and making money on the OG as well.
The opportunity is there for all who are willing to humble themselves, take the initiative, and dive in.
Today we’re covering quite a bit:
What happened yesterday and why lol
Why this is likely just the start of this pump (on chain data, wallets, etc.)
My allocation right now, plans for the rest of the year
Alt coins, Ethereum updates, what to expect in next few weeks or sooner
Full roster of meme coins that have the highest hype online right now and the ones I am now in (has changed since last week)
What to do when it comes time to sell/cut
Those that miss out on crypto are going to regret it in the coming year as adoption spreads rapidly and it becomes an integral piece of the world economy. Crypto is hear to stay and the stage is set with the Trump presidency and institutional arrival.
Whether you’re in traditional finance, tech, or business, and just haven’t researched crypto enough or if you’ve dabbled a little bit but you’re looking to scale up to profit off the coming bull run, today’s post is going to be a helpful guide to taking advantage of this opportunity. I will turn my nose up at nobody that is willing to commit the time to learning and taking action. There’s a reason Arb Letter is a top ranked crypto publication — we provide simple, time tested, and common sense strategies to get into crypto and print.
No scams, complete transparency, and insight I’ve compiled from investors and traders that are much more successful and much more wealthy than most of us.
But that window for taking action is shrinking as I have said before — and I’m not trying to be cheesy or corny. Soon it will be gone and the only thing that will remain for this cycle is folks to buy the top and be exit liquidity. If you mess up this cycle it may be difficult to ever get back into crypto a price discovery begins.
Let’s begin with a recap of why the price ripped so hard yesterday and what we can expect for the rest of this week and then we will get into specific coins, allocations, etc.
“The hard road goes from $80K to $100K, the easy road goes from $100K to $250K”
—Cobie, crypto influencer and trader