TrueDegen
@DegenTrue
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Retired TradFi Gone Web3: Chief Finance Degen @ExploreOmnia | @SappySealsNFT
Joined May 2019
Study Covid crash Study liquidiation events Study Emergency intervention It’s gonna be ok friends Survive
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Ok goodnight if you are down bad go touch grass close the screens until number go up technology gets turned back on
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Btw if you’re bullish eth flows due to ETF (I’m not sure but it probably becomes a narrative at *some point*) This is likely generational buying op NFA GL HF ILY
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To the new class this is a fraction of what we felt during the Covid crash btw Bitcoin literally was down like 50% in a <24hr period it was so fucking over From the ashes defi summer was born Lesson there
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Sol going up against bitcoin pair while bitcoin dropped another $1k in a 5 min candle Soon.exe
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Understand yourself and you beat the game
Here's my take on this "should you buy a house" "should you use other assets" that's all over the timeline even tho nobody asked for it Most of you have a gambling addictions disguised as investment thesis Most of you will give it all back Make it harder buy other assets
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If you are feeling panic right now it’s probably not the time to puke Even if you thought the cycle top was in (I don’t) mean reversion bounces happen after large liquidity grabs
The math on bitcoin would put a 30% pullback at around $52k Not saying that’s what is happening here but if that were the case what would your alts do? Can you stomach that? If not what are you going to do differently next time?
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People starting to lose hope and capitulate Meme coins for the most part getting absolutely bodied People suggesting the cycle is different this time Few more liquidations then UpOnly
The one thing that gives me pause in bidding too hard now other than the fact I've been eyeing 52k for a while now I do not see a single person suggesting this run is over Let me be clear I don't think it is as my base case, but until people en mass do I dont think bottom is in
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Narrator: it was not different https://t.co/xcm51wdllj
Layerzero team spent weeks trying to anti sybil the $ZRO airdrop, zeroing allocation for millions of potential sybil wallets. They delayed their token launch by over 3 years, and STILL dumped 30+% in the first 48h after the airdrop.
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All you guys bitching at @PrimordialAA for the fee associated with LZO There is an argument to be made that you have a cost basis in a token sale In that argument the proceeds from the tokens you SELL now become capital gain on sale instead of ordinary income on CLAIM
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People are funny man you interact with a protocol doing things that you would have done regardless That protocol gives you the equivalent in $ terms what normies work weeks to months of their lives for Pitchforks We are more fortunate than a large % of the world
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Is there something that predates layerzeroscan that will show all txs easily? Have wallets that I know for fact were used on stargate in late 22 but not showing up CC @PrimordialAA
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So if L0 is linear based on fees paid Total revenue according to dune is $111,808,391 Total tokens for just core is 5% = 50M 50M / $111,808,391 = ~.45 tokens roughly per dollar spent in a worst case every person is included scenario and no RFP This doesn’t account for
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Don’t say it Don’t say it Don’t say it What if echo bubble *mutes post*
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Will be interesting to see if L0 price action is different after the efforts to remove Sybil’s My personal opinion is the market doesn’t have enough bid right now to really change things too much As a burger I will responsibly dump 50% and see tho
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Cheat code indicator "I'm a little concerned about the crypto markets rn" Note this isn't full panic from him yet but a good sign
@realbertbobby I actually have a cheat code in the form of a friend that is the absolute perfect counter indicator When he is euphoric in my bags I sell some When he texts me in a panic over my bags I buy back 99.99% hit rate
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Someone has to be onboarding these C-tier grifters at this point right? Seems like way to large a wave that some agency (moonpay that you?) has to be involved no?
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I don't love that I am playing tate beta coins but they are one of the easiest things to parlay right now
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