GCR is a far better trader than me, but his tweet very meh
- tweet was open-ended and hedged
> "scale in"
> "high conviction tokens"
> "survive"
- no picks
- no thesis / invalidation
- no position/pnl screenshots
bro basically just told us to "hodl"
like yeah dude…
Don't know why I was always under the assumption if you entered "(Ticker1 + Ticker2)/2" on TV the resulting chart would replicate the returns of a 50:50 weighted index of the two tickers.
But it's literally just the prices summed up and halved.
When first option
@tradingview
?
With the 10-year note now yielding 3.5%, I can no longer justify holding onto my magic internet money.😢 A new global and open digital financial frontier simply can't succeed when I can earn 3.5% risk free in only 10 years! No sir. Selling it all today.🫡 Suggest you do the same.
went spelunking through the depths of G's timeline to discover the truth (would not recommend)
here are his past points regarding the below statement that resonated with me⬇️
@rey_trade
For those confused: leverage =/= margin
Both positions were the same size. The latter just required 1/10 the capital to maintain the position.
BTC sentiment feels like it's currently in the all-time bottom quartile (note: I entered crypto in '17)
The crypto market overall sentiment is certainly in the all-time bottom half
But people are really starting to give up hope on BTC
Just launched a massive IEO for a state of the art DEX this morning and is still responding to customer service @'s.
This man won't rest until you're all trading on his exchanges.
You're killin' it
@SBF_Alameda
.
Wow. Just finished listening to
@cullenroche
give the best breakdown of inflation and how to approach it that I have ever heard.
You just don't get this degree of clarity and pragmatism from most others.
I'm very bullish on $KARATE,
@KarateCombat
, and the concept of "up only gaming" that they've pioneered.
Here's a good summary about what makes Karate Combat so interesting.
$KARATE is sort of an entirely new type of token concept.
Where are the real world crypto projects?"
One of the least expected but highest conviction real world projects I've seen is $KARATE.
Here's my bull case for Karate Combat (KC):
basically, we could see the market dump another leg down from here and as long as it recovered within a few months, no one would say GCR's tweet was wrong
you could see many of CT's favorite alts get decimated while majors remained mostly flat and no one would say GCR's tweet…
By using the multiplication ‘*’ and exponent ‘^’ operators, as such:
(BTCUSDT * ADAUSDT * XRPUSDT * MATICUSDT) ^ (1/4)
The components are multiplied by each other and raised to the power of 1/n.
@WallStreetSilv
Someone link that TikTok of that real estate couple talking about how they are just leveraging every house they buy to purchase another house.
So $ETHBTC is about to break this cycle's high...
In the depths of a savage bear market...
With ETH being the higher beta asset that historically underperforms BTC during a bear market...
This may disappoint some folks, but the merge is being priced in as we speak.
.
@CoWSwap
is flipping the fee switch.
Since UNI will never flip the fee switch, CoW Swap is probably the next most interesting AMM with a token. It's had a simplified version of what UniswapX is since 2021.
$COW
@Teddy007S
Just know that you can't win at this game purely by working harder. You have to work smarter too.
And you need to fix the conditions/behaviors that are causing the most losses as quickly as fucking possible. Constant discipline. It's never easy. You don't really get used to it.
@Derivatives_Ape
*starts thread lamenting the moral hazards surrounding gambling services and the destruction addiction to it can cause
*end thread with shilling their own casino
less house edge and more transparency is great, but the shift in tone and message of this thread is just weird, man
@btc_charlie
The nuance, imo:
- During bull, greater chance price goes up short term but also greater chance you're buying top
- During bear, greater chance price goes down short term but also greater chance you're buying near bottom
total mcap down 50% from ATH at the moment. Not too bad.
.
@beefyfinance
team is the goat. uh... i mean 🐄
if you were a member of the beefy dao discord back when they announced their token migration in response to the multichain failure, you would have known the team had what it took to pull it off and gladly bought discounted $BIFI
@smilinglllama
@CryptoCobain
@stoolpresidente
@inversebrah
Davey, soon:
"Why does everyone keep tagging this inverse bra thing in my tweets? What the fuck is an inverse bra? What, like a fuckin' upside down bra or something?? I can't keep up with all these goddamn crypto cartoon characters with their memes and shit. Fuckin inverse bra"
If hot macro numbers are gonna pull the market back, then I think some of these weak narrative rallies will get retracted significantly.
The names should at least, in aggregate, re-equilibrate back in line to where the rest of the market has moved.
anyone reading this is probably in one of two camps:
camp
#1
) very bullish
we have clearly begun another crypto bull market. you expect this one to behave roughly similar to those past. therefore, trying to time pullbacks in the market is not really worth the risk. you're…
There's a lot of smart and sensical points and arguments being made in this thread and the comments.
In short, this is what it comes down to, in my opinion.
0/
i would definitely never want to be completely on the other side of one of GCR's trades
but i learned a long time ago to never blindly follow any one else's calls or trades no matter how good of a trader I believe them to be
it does not work in the long run
$KARATE pulled back 50% from ATH and it's about to get noticed by a lot more crypto people
If you put off looking into it then I suggest you do that now
There are people still saying, "in the coming bull run"
Sers. The market is up over 100% this year. Things are popping off all over. BS narratives are sending things flying. All dips are getting bought back up. New people are pouring into CT. NFTs are recovering.
It's here.
@AviFelman
A simple, reliable store of value that no one or few people can fuck up. No team. No premine. No fancy tokenomics. Just 'Ol Faithfull.
There will always be demand for that. It seems cliche at this point but it really is just a better gold and that's all it needs to be.
@SBF_FTX
@andrewrsorkin
@dealbook
Just gonna keep lying until the bitter end huh. I guess I would try to stay out of jail too
Too bad everyone knows you committed a terrible crime. You're not gonna be able "make it right" because you're going to jail. That's what happens when you steal and defraud.
Fuck you Sam
@HsakaTrades
it's just never enough huh
but also, maybe it just takes a certain level of combined degeneracy and hubris for most people to make it to where Alameda and 3AC did in the first place
and then it's only ever a matter of time
more people starting to realize $ETHE is a braindead buy at a 25% discount
the shoebill even said so
discount probably would have went to 10% if there was an ETHE contract address degens could plug into uniswap 😂
sorry bois, gotta pick up this free money the boomer way
@twobitidiot
Yep, nothing like a bit of ethnic cleansing to raise the country's happiness score.
Seriously though, are we saying that we're less happy because we're diverse?
As we can see, it turns out, the equal-weighted position was more lucrative than just holding BTC over this timeframe. Sucks to suck, Saylor.
But as our bitcoin maxi friends like to say when they’re not laser-eye reply-guying, “don’t trust, verify.” Here’s a quick proof.
@MustStopMurad
How are you going to feel about all the time and energy you've sunk into these long-term Bitcoin charts when the price will almost certainly not do the same exact thing it did last cycle?
Serious question, not trying to be rude.
You should know that no one knows that it will do
@0xSisyphus
In my opinion this market would have quite a bit further to go before reaching 2018 levels of dead.
the low point (vol wise) of 2018 was like:
1% range -> bart -> 0.5% range -> bart -> 2% range
and repeat
Here’s an example:
((BTCUSDT * ADAUSDT * XRPUSDT * MATICUSDT) ^ (1/4)) / ((SOLUSDT * DOTUSDT * LUNAUSDT) ^ (1/3))
You exponentiate each side of the divider separately.
camp
#2
) long term bullish; short term bearish
you hold the same macro thesis for crypto as GCR:
a) crypto is the world's greatest casino
b) the governments of the world will not stop being irresponsible with our money
you are bullish crypto over the long run.
however...
you…
@blknoiz06
monetary and fiscal policy is obviously a huge driver of the crypto market, especially since BTC makes up a huge fraction of it
but I agree with your sentiment - people seem to think crypto has zero fundamental value unless the government is printing and cutting
if you thought GCR's tweet was a magical force field that is going to save you from all your bad trades and investments...
good luck with that
i hope you're right, but I'm not counting on it for myself
Rollbit is a powerhouse but i think the market is starting to show that a broader market rally and sustained alt season are bad for the casino business
- nobody cares about cash flows / burn as much anymore
- slinging shitcoins is more fun than punting perps
$RLB
$BTC ETF Play - Market Psychology
- No high leverage or stops > size appropriate
Pre-Announcement
- Be partial long
- Add on dips
- Hold
Denial
- Go flat (u won't be the one to sell first, doesn't matter)
- No shorting
Approval
- Hold
- If pump, sell
Cont...
if the crypto market actually bottomed this month, then that was one of the easiest crypto market pullbacks ever
i have seen no fear. no uncertainty or doubt that the market will bounce back and keep ripping. very few are being conservative with their allocation.
people are…
$PRIME peaked out at an FDV of $3.1b.
We're talking about a trading card game and a relatively new and undiscovered one at that.
A tcg that, according to a poll I ran, only a fraction of $PRIME investors have even played. This is typical for crypto though - many applications…