pchan

poor trader
| pchan/uyeji | uyeji.near |
part of @stecuverse

[pchan @0xpchans]

Ohhh spain are winning

[pchan @0xpchans]

insane

[First Squawk @FirstSquawk]

Indonesia’s debt market to continue seeing missed payments and restructurings, Fitch says.

[Step☀️ @StepFinance_]

Today we are announcing that Step Finance, SolanaFloor, and Remora Markets will be winding down all operations.

Following the hack at the end of January we explored every possible path forward, including financing and acquisition opportunities.

Unfortunately, we were unable to secure a viable outcome and have made the difficult decision to end all operations effective immediately.

We are working on a buyback for STEP holders based on a snapshot prior to the incident, and a redemption process for Remora rToken holders. Remora tokens remain backed 1:1.

We are deeply grateful to our community for the support over the years and are confident that this is the best outcome given the circumstances. We want to thank our millions of customers over the years for joining us on this journey.

More details will be shared soon

[pchan @0xpchans]

@0xngmi yeah right, feels sad that many were winding down.

[0xngmi @0xngmi]

This person lost his entire net worth, a mid-six-figs portfolio, in a single tx because of a scam uniswap ad on google

I've spent years trying to stop these losses, I've built 5 different products to stop this

pls use https://t.co/n7L9D9A5N1 to get a safe link

[pchan @0xpchans]

at this point I'm afraid to ask... what's MSTR/saylor exit strategy? like for real.

[Strategy @Strategy]

Strategy has acquired 855 BTC for ~$75.3 million at ~$87,974 per bitcoin. As of 2/1/2026, we hodl 713,502 $BTC acquired for ~$54.26 billion at ~$76,052 per bitcoin. $MSTR $STRC https://t.co/x4BXtpl6UD

[pchan @0xpchans]

@MunchMunc_21 boleh dong ikutan

[pchan @0xpchans]

ref code: uBWXzgH

[pchan @0xpchans]

oh yea, have been playing with nado recently. any1 wants to join can use my ref since it's private.
https://t.co/WQ10WWO3PR

[pchan @0xpchans]

@poordart yeah, sadly.

[Cobie @cobie]

When ppl claim this I always wonder how they think it happens, or have unrealistic expectations on how much $1bn actually is.

I joined crypto with $200. If I held my initial bitcoin since then and never traded, I would have ~$300k.

If, instead, from that moment I sold the top and bought the bottom of every crypto cycle on Bitcoin, and never paid any taxes, I would have ~$6m USD.

If I put my entire net worth into the Ethereum ICO and never touched it, today I would have ~$150m pre-tax.

While it was definitely possible to have made >$1bn with the opportunities in the market, these versions of reality would also require me to make no mistakes, and have no need to spend $ in real life, or take excessive risk via leverage.

In reality, I grew up in a working class family. I didn’t have a trust fund and I had to pay off my student loan myself. I had a job at Tescos while at high school. After university, I needed to pay rent and fund cost of living and eventually buy a place to live.

I worked at startups for relatively little $ salary, and while a couple have done okay, they still are illiquid and worth nothing until some exit.

Perhaps if I erase a couple of dumb mistakes and drawdowns, or if I had a lil more grind, then my answer would be different today. But it is easy to say this with perfect hindsight vision. It’s easy to see where you could have optimised better, and decisions you made look dumb when the past makes things so obvious.

The truth is I have always optimised for enjoying my life and not going to 0. I never felt like I had a safety net, so it was never possible for me to do anything in any other way. I would probably have less money if I had tried to add more risk or chased $ harder, because being all-in with your entire livelihood is a mental battle and I feel I only win that battle when the stakes are lower.

In writing this, maybe I do understand why CT folks believe this, because modern CT sees crypto as a late-stage lottery ticket farm, where the optimal strategy is to 5x leverage up your portfolio in a hope of catching a good 20% move and then leaving. Or, literally going all-in on the next coin they heard Ansem is buying. So perhaps to them, looking back at the charts, of course that’s what successful folks did.

In reality, I use leverage close to never (and typically to reduce risk rather than add risk — have used it to add risk maybe 3 times in the last 5 years, and maybe 15 times ever). I never go all-in on anything, have only ever done that on BTC and ETH before in the last decade. When I buy other things, I limit risk to tiny amounts, because I treat it as a 0 until proven otherwise (so, always <1% liquid portfolio). Liquid portfolio is also a smaller % of overall portfolio to future-proof against my own fuckups.

Obviously I made a lot of money, I have been here 12 years! CT doesn’t want to hear about “getting rich in a decade” though. I am happy with where I am and have never really cared or optimised for maximising $ earnings, but instead having a nice life that lets me enjoy the game we play together.

[Brent 🟪 @Brentsketit]

@cobie @lBattleRhino this industry boring af compared to years ago

[pchan @0xpchans]

@maruushae bullish

[pchan @0xpchans]

@RepublikRupiah sudah lama ngga ke komun crypto. ini berarti monad digadangkan sebagai pengganti solana kah?

[pchan @0xpchans]

@FatManTerra we still have SBF.

[Cobie @cobie]

Probably one of the most severe flushes I’ve ever seen on alts, I didn’t even imagine alts had this much leverage in them. It feels like someone got hit very hard and will see a large body float to the surface soon, reminds me a little of summer 2021.

Good reminder to myself to own things that I am actually bullish on, and not things I am trying to shift on momentum. Some charts look like they’ll never recover, whereas some things look buyable for the first time in a while.

When everyone is making hilarious amounts of money I am always tempted to start using leverage again. It is almost impossible to fight the feeling that you’re not making enough, or everyone else is outpacing you. Good reminder that fighting that feeling and avoid the wipeouts is worth it in the end.

Check on your friends, likely a bad day for many.

Personally, am concentrating my bags into the things I am happy to own for the next few years, and shedding the fat. Realised I own some assets based on not wanting to miss out, rather than on some actual thesis. Days like today are much easier for me if I think my bags will bounce back, and much worse if I’m losing money owning things I don’t even believe in.

Don’t let a leverage blowup dictate your long-term views. The future is bright, good things to come, patience is rewarded.

嵐の後

[pchan @0xpchans]

see you tomorrow, you can't never leave crypto completely.

[Sokio @Sokio8D]

i have lost everything

goodbye

[pchan @0xpchans]

@0xngmi idk what website you donate, but that's still based.

[Zack Voell @zackvoell]

incredible technology

[scrypto @scrypto_]

Ct has no lore anymore, people make accounts to make money and forget we’re here to make jokes