Hayes sold off Near and Hype

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alex.shardLegendary
Posts: 1019 · Reputation: 5623
#1Jan 20, 2024, 04:25 PM
So, Hype has been on the rise lately, and Near protocol saw some gains too. Author Hayes mentioned these coins, and yeah, they took off, but now he's selling them off. He claims he'll explain why he sold, but honestly, I’m not that interested. I still think buying Near protocol after this bear market could be a solid move. But hey, when the bull run or altseason hits, you know what to do.
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jake_gweiSenior Member
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#2Jan 21, 2024, 04:00 AM
This guy keep doing this, pitching a coin where he has high conviction, then dumped around the middle of the journey. He sold off all his ZEC while pitching about how ZEC can be valued at $10k. He also sold off his HYPE where he pitched about how HYPE is going to $150. On the other hand, he is definitely making a massive profit from all these investments. This guy know when to exit and at the right time .
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fullnodeSenior Member
Posts: 222 · Reputation: 1515
#3Jan 21, 2024, 04:07 AM
The market is taking a bloodbath right now. I guess he wants to play it safe and take profits, but I can’t take him seriously when he is always shilling these altcoins only to end up dumping them a short while later. He has no loyalty or conviction and is only after making profits short term. It’s fine to take profits, I’m sure this strategy works very well for him, but it comes off as dumping his bags on his followers after talking these coins up so much. He is massively wealthy already. I don’t see a need for him to act like a pump and dump scammer. At least he’s not shilling memecoins and the kind of garbage other influencers promote, I’ll give him that much credit.
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sigma07Senior Member
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#4Jan 22, 2024, 02:50 AM
I think near is a good one but it took time to go back to its former high, and as for hype it's quite expensive recently. This is the effect of the bear market when everything becomes expensive and everyone has to take profit before it goes too low where it's just a break even for those who bought it on the lowest. And that's Arthur Hayes for everyone, no need to reason if he's dumped but I think he just want to add more damage to the market to create FOMO.
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jake365Full Member
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#5Jan 24, 2024, 07:31 AM
$Near chart looks horrible. It wasn't even close to go back to 2022 ath during last bull. Marketcap is probably dropping so much it will be next to never heard coins, so why would it be picked up and by what growd? Only possibility i see for it is that it would go insanely low, and people who got their profits from it ready would accumulate some of it ATL and hype it with other bag holders in hopes of an exit pump, which likely isn't going to be even in the levels of 2024-2025. I am basing this speculation purely on the chart, so if you can educate me what would make it stick out from others in next bull run.
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degen51Full Member
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#6Jan 24, 2024, 09:14 AM
These are some of the reasons why Bitcoin is the safest coin to invest in, no one will tell you they sold and the coin dump or pumps, although when some big investors sell huge amounts of Bitcoin, the market do always react to that, but it recovers immediately, but when it involves altcoins, most of these investors are hyper, they are selfish and after their money, so they will sell once they have huge profit and channel the money into Bitcoin investment or buy another coin to do the same thing. Believing all these influencers and big altcoin investors is never a good option because they are after the profit they will make.
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CyberWhaleSenior Member
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#7Jan 24, 2024, 11:56 AM
Arthur Hayes is the kind of person that is only there to benefit from a project. This isn't the first time he has gone in on hype. Last year, he gave a keynote speech that HYPE was going to $100 last year but rushed to dump it before it got to $60. Then he got in again before the recent run to $70+. Imo, sooner or later, Nobody will take Arthur's shilling and investment thoughts seriously because he has proven that he would only be there for the good times.
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SilentGuruSenior Member
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#8Jan 25, 2024, 12:05 PM
It's big 2026 and I honestly think people should stop following key opinion leaders and form their own opinion. These people aren't here to make you rich, they are here to shill their own projects and make profit, as simple as that. Make your own analysis, create your own plan, and execute it yourself. At the end of the day, there is always reason behind every famous people's tweets.
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alt_2021Full Member
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#9Jan 25, 2024, 02:35 PM
The nature of financial markets is competition and risk transfer. Money does not appear out of thin air, it moves from weak hand to strong ones. The market is not a place where people help each other and get rich together. So it is naive and somewhat foolish to place your trust in influencers. They are just like everyone else here, driven by profit and self interest, not by a sense of community or a desire to help other become successful.
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D4rkFalconSenior Member
Posts: 308 · Reputation: 1050
#10Jan 25, 2024, 04:35 PM
Hayes had been telling the market for months that HYPE, NEAR, and ZEC were his "Holy Trinity" of altcoins. But the moment his macro model blinked, he cleared the ledger instantly. In fact, right after dumping NEAR and HYPE, he briefly pumped Worldcoin (WLD) to a $10 target, only to dump his entire WLD bag just days later. This clearly that just want to make profit by shilling some token. I do quick google search and found that e anticipates three massive, multi-billion-dollar AI initial public offerings (IPOs) from OpenAI, Anthropic, and SpaceX dropping between now and early Q3. He believes these tech listings will aggressively drain cash out of speculative crypto markets. and this is insane one He openly admitted he wanted to take his profits and go party in Ibiza without managing open risk.
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jake_gweiSenior Member
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#11Jan 28, 2024, 12:59 AM
He is loud when he is holding a bag and quiet when dumping it. I have seen the recent WLD fiasco on my timeline as well and honestly the outcome was predictable. This guy is only here for the pump and dump and nothing more. I've seen it from miles away. Hence why I wonder how people are still trusting him.
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its_cipherSenior Member
Posts: 190 · Reputation: 1319
#12Jan 28, 2024, 02:57 AM
There is no need for that because what occurs right there are a clear manipulation and not just a normal co incident, but it won't also occur if we are not fool to believe on what those so-called experts are telling or promising to us. We should not underestimate our ability of making an impact in the market as it was also big if many small individuals like us are doing the same thing. Meanwhile, I think you are right that Near Protocol is still a good project but it is just that it was only a victim on scenarios like this we have here. But if we want to take part of this project, we need to do it now that its value is still lower than last time.
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raven1337Hero Member
Posts: 530 · Reputation: 3357
#13Jan 28, 2024, 08:00 AM
It's crazy so many crypto bros are still following Hayes. As for me, he's pumper and dumper. He's said he was bullish for the coin after he bought it, then he dumped all to the market. He dumped Near and Hype, then he dumped ZEC, then again he dumped WLD. I hope crypto bros aware he's no more than a pumper and dumper. Interestingly, he's also often ended sold his coins at a loss. You're doing it right by trusting what you believe. Don't be dump enough to follow this scum in earth. He's not a worthy CT to follow.
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jake365Full Member
Posts: 214 · Reputation: 688
#14Jan 29, 2024, 01:08 AM
Probably because he seems to be permabull and that makes him an entertaining to follow. For some reason people get comfort from rich people repeating how bitcoin is going to moon, and that he has done since the start. For every cycle it has been outlandish prediction after another. And i totally get it, he gets more followers by not saying anything bearish. Even if he acted bearish. It's just depressing for people to follow people with realistic or bearish view on the coins that themselves might be holding.
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