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This kind of sentiment is extremely bullish for a coin.
I see such posts and I buy even harder than before.
Never fails.
FUD, disbelief, hate etc. by the sidelined are all fuel for parabolic moves. Once it's consensus, it's game over.
$USELESS
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$USELESS
Currently above key resistance. 👀
I'm currently long approx $9M in Pokemon cards... sounds crazy until I tell people my cost basis is only around $2M... 😂
Will share my full collection shortly!
Grateful to own a part of Pokemon history, won this Pikachu Illustrator at auction.
Whether or not TCG (as an alternative asset) continues to outperform $BTC, $GLD, and $SPY remains to be seen...
Either way I'm diamond hands. 🔷🙌
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Join us for a Reuters NEXT Newsmaker featuring 8VC and Palantir Technologies Founder Joe Lonsdale in conversation with Reuters Global Defense Editor Joe Brock, on Friday, September 25 at 11:10 a.m. CDT/ 4:10 p.m. GMT. Register here 👉
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$USELESS
Currently above key resistance. 👀
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We just submitted a regulatory filing to introduce margin on a subset of long-dated prediction markets. This will not apply to sports, culture, and a few other categories.
We are very excited to be taking what we believe is our most important step toward institutional adoption so far.
Capital efficiency has been the biggest bottleneck for institutions, and margin is the single most requested feature. Fully collateralizing long-dated contracts ties up substantial capital for months or years, making participation impractical for many institutions. It is very difficult for a large institutional market to develop without margin.
Margin addresses that problem by reducing capital requirements, subject to strict risk standards.
Some important characteristics of our proposal:
• Margin applies only to a narrow set of categories, excluding sports and culture.
• It is geared toward institutions and subject to strict eligibility requirements.
• The risk methodology is modeled on approaches used by established clearinghouses and tested over decades. It incorporates conservative safeguards around volatility, liquidity, concentration, and event risks, as well as measures to limit sharp increases in margin requirements during market stress.
The goal is a better trading experience for users. Greater capital efficiency enables more institutional participation, bringing deeper liquidity and better pricing. That makes our markets more attractive to more traders, whose participation further strengthens liquidity and improves the experience for everyone.
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