Dear CT - I will tell you what i am doing and where i am if:
1) we are friends
2) we have plans to meet
3) we are involved in a gps based web3 game
Otherwise you have no business knowing my gps coordinates
I keep a Discord journal where I write short market notes to look back on in future cycles.
They serve as a reminder of how good and how bad things can get when crypto is at its extremes.
Sharing today's note for future reference.
If you survive this year, you'll do well.
One of the LARGEST Crypto Venture Capital firms:
Three Arrows Capital.
They're becoming insolvent.
With potentially $18b under management, this could be catastrophic for Crypto.
Here's a timeline of what's going on and the possible consequences:
↓↓↓
At the crypto company where I work, the roadmap over the next 3 years has 3 sections where they are cutting 80% of the team members and rehiring the same positions at lower salaries. This is listed as profit.