Deftsuo
@deftsuolol
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I don't want this meta to continue to be the only "alt" szn we see. It's just gross. Make alt coins great again.
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nvm
*Insert unoriginal tweet about the refs* 3peat
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On mine, I see my Schedule number with a claim #, and below the claim # is another claim # (I filed 2 proof of claims in 2023.) No superseded or surviving label on either of them. Maybe they just haven't gotten around to reconciling my claim yet? That was my suspicion initially. Maybe that gets cleaned up next week? idk
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Only speculating, but I wonder if those who opted for Kraken as the distribution agent see the claims website update next week and everything is good to go for Feb 18th. Seems like some sort of communication error or mistake on the end of the FTX estate. I've only seen BitGo claims getting credited to accounts, but none for Kraken. (If anyone has evidence to the contrary, please lmk.) Probably not a coincidence so many ppl are seeing their claims labeled as disputed while also having Kraken as the distribution option. Must be some sort of connection there. I'm guessing we get clarity next week.
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(I think that's my picture, but I will post my situation below once more just in case haha.) Class 7A, convenience class. Kraken as the distribution agent. Fully KYC'd, tax info submitted, and distribution provider selected with all steps completed before Jan 20th. Claim is listed as "Disputed" with a page full of TBD's. I had resolved long standing KYC issues months ago and I had every box ticked off as good to go. Guessing it is one of two things: 1.) Multiple proof of claims that need to be reconciled first before distribution. (most likely reason I think?) 2.) Tiny negative ETH balance causing issues. If it isn't related to the above 2 points, I am clueless. I've been told it might be related to KYC in spite of the fact that my KYC is verified; but that seems unlikely to me. FTX/Kraken link went smooth and the KYC/emails are all in alignment. Clarity would be appreciated from the FTX estate. Process has been dragged out long enough and I am ready for this BK to be over lol. Always some new debacle to deal with every month it feels like lol.
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$BTC 4h 4h CME gap. Knowing crypto, this probably fills in a week or 2 lol. (NFA/DYOR.)
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Fundamentals, tokenomics, dev teams, and so on matter; more so when there is million of tokens circulating now. Find winners with good fundamentals and have the discipline to weather the storm as long as the narrative is sound. (NFA/DYOR.)
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Remember when they said these coins were going to $5 and $50, respectively?
The "Memecoin Supercycle" is not going to happen. A low barrier to entry allows for rapid replication and the hyper speed rotation of capital. Lack of staying power is the #1 reason memecoins will fail. No parties have vested interests in the longevity of the memecoin. The end goal is rapid value extraction. Fostering usage and value accrual is the core reason altcoins have succeeded in the past. Markets need big entities with vested interests on the playing field. VC/Utility coins have their problems, but memecoins are significantly worse. Millions of memecoins have been created over the last few months and 99% have had no staying power beyond a few days or weeks (if that.) Celebrity tokens of all shapes and sizes (even the ones CT pushed as legit) have gone down only. Why? because there is no staying power. I could rant on the semantics of tokenomics, insider trading, predatory launches, lack of value accrual and utility, insider information asymmetry, and much more, but I think my points are clear. (NFA/DYOR.)
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Yes, I'm sure all of you slamming shorts on a Saturday nailed the generational top. This cycle is over. Depression incoming. It's all over. /s You'll be liquidated next week when all of this mean reverts back up. Mental illness of this space is getting worse by the day. Lower the leverage, hold spot, and learn to not be a paper handed pussy for a change. (NFA/DYOR.)
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$INJ 1W .886 retracement on the INJ/BTC pair on the weekly (non-log.) Deep, deep retracement from the highs with this last weekly candle looking like textbook capitulation that is now getting bid up. Standing firm that INJ is a winner. It's a matter of patience. (NFA/DYOR.)
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