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the gcr chapter
god.pdf is an ancient tale in crypto.
It’s the story of how this guy called Wolong successfully manipulated and pump and dumped shitcoins like Doge and other shitcoins back in 2014.
After successfully manipulating these coins, he shared his learnings in a pdf called god.pdf where he explained the art of manipulation and deceiving the plebs who fell for his fake pump and dumps.
The seven page document shared in detail his process for going about doing this and the various tactics he used to manipulate dogecoin.
You can see that in the first Doge pump in 2014 to 280 satoshi (BTC denominated).
GCR has been pretty obviously been pumping his select shitcoins. It’s the age old dilemma of crypto influencers.
I think if you want to remain completely ‘pure’ you stop shilling coins after a certain number of followers like 50k twitter followers.
If you continue mentioning tickers or obviously hinting at coins after that point, you are using your followers to pump your narratives whether you like it or not. It’s why people like Cobie, the ‘largest CT influencer’ , doesn’t mention any tickers.
At a certain point, even if you mean good and prices increase 1000% from your tweet in 7 days, you are still profiting off of your audience and someone somewhere will lose all their money and blame it on you.
Is that stupid person 100% responsible? Yes but you will still be blamed by an angry mob that ruins your reputation and if your investment/trade was truly independent of you tweeting, it shouldn’t matter whether you promote it or not.
The right strategy would be to flex profits after the trade is over but sharing when you are currently in the trade when you know you can move markets is shitty.
GCR has done this recently with CHZ and other coins where he alone moved the markets and spun up narratives and profited millions.
I am not talking about the World Cup narrative. That was driven by THE FOOTBALL WORLD CUP happening in Qatar watched by billions and crypto people using CHZ and other platforms to gamble on it.
But his tweets created the top for CHZ
This tweet caused a 12% drop in minutes from 0.27 to 0.24 which was the top.
He’s now making up narratives for dead coins and profiting off of it. He’s gone from shorting/longing news to creating the news.
He’s not the creator but he’s pumping millions into illiquid shitcoins (he tweeted something like “the market won’t appreciate me for pumping millions into dead coins and pumping them to ignite the run up”.) I can’t find the tweet now. I think it was on his alt that he promoted this week. some alt larping as old CFA man who played baseball.
Is it illegal? probably not.
Is it immoral? Personally I don’t think it’s the end of the world but it is bad if you want to maintain your reputation as this pure intellect political forecaster and all seeing savant of crypto.
He’s doing the same thing as those Crypto YouTubers who shill random low cap coins but he does it in a way where he publicly shares his 7 fig positions and dumps on you using intellectual words and insight instead of masking it up with mouth wide open shockface thumbnails.
Surely, he can’t be this dumb. He is definitely not in charge of moving a trillion dollar asset class.
That’s the job of the stock market and liquidated exchanges/funds/retail.
Hmmm. So why the “CFA old man alumni from US university in 1980” alt to shill shitcoins before deleting it?
Also I am not a GCR hater. If anything I was a fanboy who posted GCR tweets as entire blog posts and constantly retweeted everything he tweeted out. It’s sad to see once ‘great’ and honest people get egotistical and lose the plot.
Now he’s manipulating shitcoins and retweeting everyone who agrees with him calling everyone who disagrees a sidelined permabear and linking to his alt from his main to promote shitcoins with tiny liquidity and dumping on followers. Lmao.
Also he probably lost more than everyone thinks on FTX. Clearly seen by recent behaviour.
GCR Echo Bubble SZN.
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