Hello everyone!

Welcome to my newsletter! Every Saturday I’ll be sending out a quick, value-packed newsletter on how to master crypto. I write about mindset, trends and analysis.

Today, the focus is on the current trend in crypto, memecoins, and self-control, because these two things definitely belong together!

Prompt of the week

In this edition, memecoins play a special role, so I've asked ChatGPT to write a summary on that topic. Here's what it came up with.

You can use this prompt for researching everything.

Ultimate Memecoin-Guide

As you might know, I hit a 400x with $MONG last week, but then a rug and other memecoins ate up half of my gains.

I needed a better memecoin strategy so I digged deeply in and researched tools to save my ass and not get scammed.

I found 3 tools to find coins and 2 tools to check them.

Firstly, I'm not a memecoin trader. The term "investing" doesn't fit here. Trading memes is gambling. It's win or lose everything.

But right now we have a memeseason, and there's lots of money to be made with the right tools. And even if this season is over soon, there will be another one. So let's dive into it.

How to find them

1. Use the tab "new pairs" in dexscreener.

Sort the pairs by age. Good is high Volume (perfect: higher than mc) and a low marcetcap. Make sure there's enough liquidity.

2. Use DexKoala @ETHNewPairs.

It's a bot on twitter, that automatically posts all the new ETH pairs, complete with some security info. Of course you can't just rely on that alone. More on this later.

3. Track wallets of the $PEPE richlist.

Those whales who made bank with $Pepe might score big again in the future, right? So track this richlist with etherscan. Here's how to do it.

Create a new email address, because you'll be receiving a ton of emails. Then, head to Etherscan and create a profile. Now save the wallets to your Watch list and get emails for every transaction.

But be careful, they mess up too. Which brings us to the question:

Hock to check the coin?

1. Use Bubblemaps.

You can visually track if someone is engaging in suspicious behavior across multiple wallets. It's like connecting the dots to uncover any shady moves.

2. Use IsRug.

I’m using this all the time. Copy and paste the contract adress and scan for suspicious code. Don't touch a coin if these requirements aren't met:

• contract is veryfied

• ownership is renounced

• no high taxes.

For example, I looked into $FOMO, wich one of the whales of the $PEPE richlist bought.

The contract was not veryfied and the ownership not renounced. $FOMO rugged and isrugapp saved my ass.

Some extra tips to keep in mind:

• Only use money you can afford to lose.

• Create a separate account to make sure you don't interact with a malicious contract with your main wallet.

• Make sure to take out your initial to minimize the risk. DCA your way out.

The biggest obstacle for most people, as with any form of trading, is their own emotions. If you don't have good self-control, it's best to steer clear from the outset.

And since these two topics are so closely linked, today's essay is dedicated to the theme of self-control.

The art of self-control

Self-control is a vital skill in life. It is the ability to delay gratification and make decisions that are in our long-term best interest, even when it's difficult.

Developing self-control can have a significant impact on our lives, helping us to build better relationships, achieve career success, and improve our health and well-being.

One way to improve it is through the practice of mindfulness. Mindfulness is the practice of being present in the moment and non-judgmentally observing our thoughts and emotions.

By being mindful, we can better understand our impulses and resist the temptation to act on them impulsively. We need to identify the situations that challenge our self-control and come up with strategies to overcome them.

For example, if we know that we tend to overspend when we're feeling stressed, we can make a conscious effort to avoid shopping when we're not in the right frame of mind.

Another key to self-control is to set goals and plan ahead. When we have a clear idea of what we want to achieve, it's easier to resist short-term temptations. We can also break down our goals into smaller, more manageable steps, which makes it less overwhelming and more achievable.

Finally, we can cultivate self-control through practice. Like any skill, self-control improves with practice and repetition. We can start small, by setting small goals for ourselves and gradually increasing the level of difficulty as we become more confident in our abilities.

Hope you enjoyed the second edition of my newsletter! Have a wonderful weekend.

Marco

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And if you have any questions, I’d happy to help. Just reach out to me on Twitter.

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