Beanie
@beaniemaxi
I like finding special sits that can result in ridiculous returns (or losses). I talk my book. THIS IS VERY RISKY. Read pinned post. Venture: @gmcapital_
3.5K Following 222.8K Followers
There's really nothing more uninteresting than crypto. It's impossible to get rich without selling your soul. There's no liquidity anymore. The tech actually being used is very mundane and boring stablecoins. Which's designed to be mundane and boring. It works. Nothing else does.
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Starting to think that the banks with their overly cautious pre-war era settlement infra are on to something.
Didn't have CZ threatening to nuke SpaceX stock on my bingo card today.
@elonmusk @HuaweiMate6 Elon, have a lot of respect for you, but bad time to troll. Please stop.
Our SPCX shares (from our $500m investment in your Twitter takeover) are worth more than a billion.
Would appreciate if you show a little support. Thanks!
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Crypto normalized all the nightnare scenarios of traditional finance. There's normalized insider trading. Normalized market manipulation. Normalized multi-billion dollar hacks. Normalized irreversible fat finger transactions. Normalized custody fees. Why's crypto a better system?
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As if $OPEN wasn't cooked enough. This is the nail in the coffin.
Welcome to @Opendoor, @mikealfred! Let's go faster!
Not many big accounts are going to speak out against Pudgy Penguins because they make their money getting paid for looking the other way. Literally nearly everyone is getting sponsored by somebody and that somebody has not even two degrees of separation with somebody paying them.
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Imagine making a 1000 character post about how bearish everything is for Bitcoin and then following it up immediately with a random shitcoin shill.
HIGHER
I am long bittensor:native and love bittensor's focus on scaling AI
Pudgy Penguins reached out and said "brother we see your takes and appreciate them, what do you think we can do better?"
COMPENSATE THE USERS THAT SPENT YEARS OF THEIR LIFE AND MANY THEIR LIFE SAVINGS EARNING ABSTRACT XP
I thought it was pretty clear. This is the only solution.
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I think the worst part about crypto is that it has made so many insufferably insidious people ridiculously rich. They don't seem like particularly skillful people. Basically just chat room and gamer bums. Their profile so consistent across the board you might call it coordinated.
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The crypto industry needs to be saved. I don't know how else to put it. It's really at risk of being completely wiped out. I almost think it's been done by design like not a conspiracy theorist but it feels like maybe there are industry plants. The big banks will undoubtably win.
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V shaped recovery in the 30 yr bond market would really be interesting for those beaten down stocks that find themselves unfortunately tied to the mortgage market (despite bullish operating fundamentals). Particularly ones tied to refi like Blend Labs $BLND. Not financial advice.
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Based on my back of the napkin math you can literally get paid to own Fiverr $FVRR (like the entire company) which is still both cash flow positive and has GAAP earnings. So what's stopping somebody from making an offer here? I'm trying to understand how something can price here?
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This is the core problem with today's crypto scene. There's actually negative value being placed on building and loyalty. Even in cases where founder and teams have acted with the best intentions of the community and not at all extractive. The market is not rewarding good people.
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Do you seriously think a brand new NFT project is worth more than one that’s spent four or five years building a real moat?
The market might price it that way for a few days or weeks, but that doesn’t make it true
We see the same cycle constantly
Mass hype, endless shilling, a scramble to mint, the reveal, then a couple of weeks later everyone has moved on to the next new thing
It’s been happening for years
Most new projects eventually join the tens of thousands that are forgotten and trend towards zero
Sometimes the founders are scammers who understand the cycle and use it to extract as much money as possible
Often they start with genuine intentions but get rugged by the process
I don’t think this will ever change
Excitement, speculation and gambling are part of what makes NFTs what they are
The mistake is confusing short term attention with real value
When you’ve been part of an OG project and lived through multiple cycles and metas, you understand the game and become fairly immune to it all
No individual project can fix the wider market
All you can do is turn up every day, stay relevant, create good work, build your own identity and make what you’re building more valuable over time
Time is the greatest filter in NFTs
Anyway, what are we minting today? 🙉
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You can make money trading the hype of token launchpads but inevitably all will go to zero. It's just a matter of time. There's no substance behind any of the tokens that're launched. Just a new game of crash but with rigged odds and being ran by a nefarious pump and dump cartel.
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It's just inevitable that everything will be tokenized and banking and money will look and act radically different within a few years. Typically the best time to get long these paradigm shifts are right about now when technology is proven and adoption mooning but market sleeping.
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I feel like the biggest existential threat to humanity will be an AI driven worm virus that will threaten to obliterate all critical systems on earth including data centers. This will be worse than the Covid crisis. Nothing will be able to stop it. Max shorts will infinite print.
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Remember when Hayden was caught in 4K telling the market maker to fully nuke the chart so he can (and I quote) "max extract" and literally nothing came of it? And now the new narrative is that "social copy traders" are highly skilled goats deserving of our respect and admiration.
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The rise of the memecoin social "copy trader" narrative being the elite level athlete of CT like an onchain Michael Jordan is only manifesting because there hasn't been consequences for this yet. Trading off your own motion is not only unethical but it's also market manipulation.
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Bottom line is there's literally nobody on earth that can reliably day in day out trade anything profitably on micro time frames. And since the advent of HFT and now AI it's even more impossible. So the idea that some drug addicted broccoli heads can do it means they're cheating.
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