Finch 🐦
@Finch_in_flightIf the price wants to go up I desire to believe that the price wants to go up If the price wants to go down I desire to believe that the price wants to go down
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Imagine you have a $100 short position in BTCUSDT, hedged with $100 worth of BTC. When USDT depegs by 10%, you decide to unwind your position. You sell $100 of BTC for $100 in USD and close your BTCUSDT position, resulting in a negative balance of $10 USDT. To cover this, you…
Crypto Twitter is incredibly effective at generating fear of missing out. You're constantly told you need to invest in a coin or risk missing out on life-changing gains. It's always presented as a paradigm shift, with claims that nothing will ever be the same again. The latest…
Murad's thesis on meme coins can be summarized into the following points: 1) Most crypto projects generate no real revenues, and those that do are wildly overvalued. 2) Most retail investors don’t care about crypto technology; they only care about making money. 3) People are…
SPX6900 is the ultimate manifestation of the crypto cuck mentality
First, people were selling ETH to bid other alts. Now, they also started to sell SOL to bid other alts. People who are shilling you alts are rearranging deck chairs on the Titanic.
I would argue that crypto has already been tainted enough for people to avoid it. Just look at some of the most well-known figures in the space: SBF - in jail CZ - in jail Do Kwon - in jail Several companies, like Celsius and BlockFi, which were marketed as safe ways to invest…
10/ huge barriers to mainstream adoption. If Trump is crucified for his involvement in crypto not just in the courts but in the media, we will see a generation of Zoomers / Swifties completely eschew crypto and relentlessly bully any young person with interest in it.
Crypto natives wanted institutions to join the market, but now they're getting rinsed by them - buying high and selling low
Making Bitcoin the US reserve currency would be purely a grift, enriching the already wealthy while making no economic sense. If your country is the reserve currency for other nations and you run huge fiscal deficits, there is no benefit in adopting another asset as the reserve…
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Who to follow
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zoomer
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intuitio
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Blank
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Pika
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salience
@saliencexbt -
Merkle
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art
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Gold
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