Sommelier. Not a wine. Still good.

Do you know what FOMO is? I do. I know every f**** letter of this like myself. I can make a book about all aspects of FOMO, how to cope with that, how not to cope with that, how to get it all together.

If you do (and if you don’t), this brief post might be something that can save you a piece of health, wealth, and make your life less stressful. Or not :) Remember, this is not financial advice, nor a call to do something, but a subjective opinion of myself. Let’s go.

I am used to speculating about projects and their assets. You know how this works: you purchase it, then hold.. hodl.. hOdL.. HODL.. and sale. It depends on the current market state, projects itself, and definitely your personal luck what you make out of this sale: would it be a positive case for your portfolio or another one to dump it.

Tons of different approaches exist: if that’s a bull-market, someone sells 50% of assets x2, then holds “free” tokens forever. Someone is strong enough to hold it longer and rekt lol. I like to make “stops” for the price below the current just to “fix” some level. Another guy simply forgets about his stack and becomes a millionaire in a few years. It has too many variables that one cannot count before a deal. All we can do — rely on ourselves, our community, and a market state.

But what, if I told you there is an algorithm that can be quite supportive here? I know that algorithm == scam for many of us after the $TERRA, $UST, and $LUNA story but please don’t leave it now. Not every algorithm is useless, some might be pretty handy. And I do hope that #Sommelier is the one we will be happy using for a long-long years.

So, what does it do? There is a great part from the Sommelier @sommfinance documentation, which I am happy to cite here:

Long story short, it’s an algorithm (or algorithms) that utilise monitoring, volume, prediction, and many other strategies to make the right decisions at the right time. Does an asset go up in price? Let’s watch it. Is it dumping? Algorithms have no heart, they just sell it to save your money and a valid position later. I know that this might sound quite scary, since we don’t know what to expect in real world scenarios. But hey, we live in a crypto world, it’s a never-ending testnet, so there is no place for the “scary” word.

We never know theoutput before we try. So we will try.

#SOMM #AaveCellar #ETHCellar #ETHBTCMom #ETHBTCTrend #Web3 #Finance.




QA Engineer and crypto enthusiast :)

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