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Tejas Sanghavi Profile
Tejas Sanghavi

@stejas

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I took the orange pill #bitcoin

Mumbai, India
Joined April 2008
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@stejas
Tejas Sanghavi
2 years
The service engineer's manager not picking up phone, service engineer clueless on when he will get the parts to repair. Should we just give up and buy a new refrigerator from your competitors. Lot of damage to groceries and other perishables.
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@MITM_Club
MITM
2 years
Exploring the Impact of $Cookie3 @cookie3 on the Crypto Community. A thread on what #Cookie3 is all about, its investors, backers, partners and customers. Please let us know what you think and feel free to add what we missed.
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@ddsahyadrinews
DD Sahyadri News | सह्याद्री बातम्या
2 years
मुंबईतल्या धीरूभाई अंबानी आंतरराष्ट्रीय शाळा, उदयाचल हाय स्कूल,कनाकिया इंटरनेशनल स्कूल, ए पी शहा महाविद्यालय आणि विवेकानंद विद्यालयाच्या विद्यार्थ्यांचं #FirstTimeVoters ना मतदानाचं आवाहन. #माझे_पहिले_मत_देशासाठी #Elections2024 #VoteForNation #MeraPehlaVoteDeshKeLiye @ECISVEEP
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@stejas
Tejas Sanghavi
4 years
Bitcoin going down much faster than alts is clearly a result of it being used as a superior collateral. Once the forced selling stop, expect BTC to do way better than alts
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@stejas
Tejas Sanghavi
4 years
$2000 a day down for 5 straight days. The optimistic thing about this situation is that we will be done with Bitcoin by the end of June
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@iamjosephyoung
Joseph Young
4 years
Over $210m liquidated in Bitcoin futures the past 24 hrs. Playing with high leverage in a bear market is not a good idea. Don't blow up your savings. Live to see another day. Don't miss the recovery.
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@stejas
Tejas Sanghavi
4 years
Few understand this - this is the start of the era of Bitcoin as a medium of exchange and unit of account https://t.co/gdl9o44R9r
@namcios
Felipe Demartini
4 years
2/ Medium of Exchange The bill encourages the usage of #bitcoin and digital currencies as a medium of exchange. It provides a tax exemption for transactions of up to $200.
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@stejas
Tejas Sanghavi
4 years
Sometimes, you need to reflect on your opinions and check if you were right. We seem to be in oversold category with all doomsday predictions. Next move is probably reversal till 36-40K range.
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@stejas
Tejas Sanghavi
4 years
Sorry to share this, but whoever is reading. If you have $UST, there are no reserves left with $LFG. It is my personal opinion to avoid holding $UST anymore. It could very well evaporate in thin air
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@stejas
Tejas Sanghavi
4 years
It is funny to see so many proposals on how to revive $LUNA. Most of them are the same people that blew $UST and could not anticipate the obvious. The fact is I would STILL not trust the founders and the community that only believed in NUMBER GO UP instead of valid arguments.
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@stejas
Tejas Sanghavi
4 years
Feel that the bottom is somewhere between 20-25K for BTC and 1000-1500 for ETH, depends on various events. This is not financial advise. Caution is advised whenever market pumps for the next few months. This is likely a bear phase continuation, not a turnaround
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@stejas
Tejas Sanghavi
4 years
No amount of technical indicators and charts can justify a 4% of total wealth to be destroyed in 48 hours. I am averse to crypto for a few weeks myself and I don't think this is a bounce point. Will wait it out a few weeks
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@stejas
Tejas Sanghavi
4 years
This was not some external Fed event or COVID crash, the problem was within the crypto ecosystem and we refused to consider that as a possibility. I am meeting some non-crypto folks soon, but it is difficult to explain Luna to them.
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@stejas
Tejas Sanghavi
4 years
This is a mentality shift. It's not just retail that was wrong, quite a few institutional investors got it wrong (though I believe many covered their positions at the expense of retail early).
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@stejas
Tejas Sanghavi
4 years
$Luna and $UST went to 0 from 70bn marketcap. Out of a total marketcap of around 1.7 bn of all crypto. That's about 4%. Also, there was no drawdown, straight to 0. For me, this is an event that signifies the pain that is to come, it is not the bottom indicator. (1/N)
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@stejas
Tejas Sanghavi
4 years
Today's $0.02 is the new $0.4. With so much printing going on, the only way forward is both $LUNA and $UST going to 0. $LUNA's marketcap is now lower than $350 mn. It can in no way support Terra's marketcap of $7 bn. If you are not out of $UST now, this is the last call before 0
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@stejas
Tejas Sanghavi
4 years
Guys, I see lots of people longing $LUNA at $20, $5, $0.5, $0.05. This is bad, don't lose good money after bad. $LUNA has gone down from $10 bn to $300 mn marketcap, another reduction of 97%+ will take it to $5-6 mn and eventually to 0. Sorry, but salvage what you can
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@stejas
Tejas Sanghavi
4 years
Last but not the least, if you have money in Anchor protocol or UST, salvaging 75 cents to the dollar is the smartest thing you can do, when you have the opportunity. Save the principal and forget about the interest
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@stejas
Tejas Sanghavi
4 years
For those looking for light at the end of the tunnel, play close attention to Bitcoin and Ethereum - levels $25-30K and Ethereum - $1500 - 2000. Bitcoin and Ether are here to say - to the rest of the gang in Top 10, I can't say
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