CryptoCondom
@crypto_condom
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Joined August 2021
I’m not fucking leaving. It’s a shit industry at times… but it’s OUR industry. It is what we make of it. Let’s make it great.
Many of the smartest people I've met in crypto over the past few years are actively looking for ways to pivot to other industries. Make of that what you will.
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Warren Buffett's Berkshire Hathaway has now dumped stocks for 12 consecutive quarters, the longest selling streak in its history 🚨🚨
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New paradigms typically benefit two groups of investors: early entrants who grasp the technology and its potential, and later arrivals who profit from the build-out. Those in the first group are rarely part of the second. This is the way markets work.
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Gm. Find yourself a troglodyte who can cook and life is good.
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Getting bearish vibes, feels like lots of people are bearish but everyone is holding waiting for better times Don't love that combination, makes for easy sellers if price actually moves down Derisked significantly, cashed in lots of wins, took some losses and am just gonna chill
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if FTX returned the tokens that it owed to users in-kind (so if a user had 1 BTC in ftx he'd get 1 BTC back), the total returned would be ~23bn at today's prices so the repayment from bankruptcy is less than 50% of what is actually owed, claiming full repayment is a joke llamao
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.@cryptocondom and I have been analyzing @chainlink buybacks, appears they're executing through Uniswap without MEV protection, leading to value leakage. Our Dune query (while not perfect, directionally clear) https://t.co/vOEQTal7hP + previous work for @rollbitcom we did
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Think the more popular prediction markets, sports betting and other gambling avenues get the more bearish it is for dogshit altcoins I don't see the appeal for a normie to bet on dogshitfork2.0 when they can bet on their favorite sports team Especially with current market caps
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$BTC update: First bearish signal I'm getting since the start of the thread at $88k Maybe time to cool off a little Disregard I ever said anything if we reclaim the red box, at that point I'd expect a full send Until then I'll be a bit more cautious
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$CVNA Insiders dumped Carvana stock all year, and then suddenly stopped. When the SEC probe heats up, blackout rules kick in. You can’t sell if you know what’s coming.
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U.S. VEHICLE REPOSSESSIONS SURGE TO HIGHEST SINCE 2009 — WSJ
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Yo Uh Hmm. Not great.
My take on $BTC: Simple as it gets. A weekly close sub-112.5k paired with a monthly close under 114.5k? Would see both stochastics flipping lower. I'd eye a flush to 85k. 🩸📉 But hey, plenty of runway before that monthly candle drops. A clean reclaim above both levels? Shoves
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oh? 👀
🦅 USD1 Points Program is coming to DeFi! We’re expanding our USD1 loyalty program— starting with @Dolomite_io.
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⚠️MEXC is a known bad actor and had solvency concerns after FTX. No definitive evidence this is true but wouldnt mess around with it. TLDR: Withdraw funds from @MEXC_Official just in case to be safe.
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Countertrading sentiment works a lot of the time. But sometimes things are just bearish and your average trader saying it's bearish is probably right.
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The fact that people still defend this scammer shows how retarded a lot of people on CT actually are SBF used customer funds to fund alamedas gambling and lavish sponsorships/political donations etc. The fact that prices pumped hard and they aren’t insolvent anymore cause of
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Risks arising from problems in private credit markets: 1) Private loans hard to offload right now. 2) Borrowers heavily indebted. 3) Payment deferrals mask delayed risks. 4) Misvaluations of companies. 5) Spillover risks to the banking sector. In short: keep an eye on this!
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All stables and institutional chains will be connected via @chainlink in time.
INTEL: The Deutsche Bank and DWS-backed EURAU stablecoin has expanded multichain support through $LINK's Cross-Chain Interoperability Protocol
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@SBF_FTX [ZachXBT says:] The creditors were paid from crypto prices at the time of the FTX Nov 2022 bankruptcy and not at current prices which caused users to take massive losses if they held assets like SOL or BTC. Illiquid investments worth more today are just a coincidence. You
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