Zaheer
@SplitCapital
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بِسْمِ ٱللَّهِ مَجْر۪ىٰهَا وَمُرْسَىٰهَآ ۚ إِنَّ رَبِّى لَغَفُورٌۭ رَّحِيمٌۭ
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RT @dgt10011: People complaining about losing money passively long ETH are fundamentally misunderstanding how money/network value accrual w…
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If you were around prior cycles you’ll know this spot very well and you’ll hate it. Those who are theorizing & optimizing outcomes on paper have never seen liquidity dry up on their longs and similarly haven’t seen a 3x short squeeze on an animal coin. Thanks for playing.
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@0xG00gly Directionally agree but important to remember:
@ddurrrrrrrr My guess would be that stablecoin issuance, like BTC, is starting to move a bit more independently of market dynamics. They’re an independent solution to some extent now
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@ddurrrrrrrr It still is of course but we need to better align those stables to be used in DeFi. Unironically @PlasmaFDN will solve for this, iA.
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No position? Well @dgt10011 told me I need to gamble. 🫡
This is why everyone needs to learn how to professionally gamble. Learn poker. Learn sports-betting. Learn information markets. Learn memes. The new Sun Belt will emerge for those who understand the financial asymmetry of culture ahead of the bots.
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@ddurrrrrrrr My guess would be that stablecoin issuance, like BTC, is starting to move a bit more independently of market dynamics. They’re an independent solution to some extent now
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@chamathsintern I hear it — can stop out if you get rinsed on a short squeeze I guess but doing this on anything larger in size gets painful
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Global market cap isn’t down as much as it seems mostly because BTC barely dips and stablecoins keep expanding. Adjust for those two and you get a completely different (depressing) image.
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