@yourfriendSOMMI I have a very valid question : Why aren't you putting eth as collateral and lending against? Why not sell via otc??? What are the risks with this stuff?? If I am a founder of such a high performaning asset, I would never sell my bags!!
@PulseBeast_ How low it should go? L1's on avg were doing 2000x before cause their initial MC was 5M to 50M. You don't get this now. Any new vc shit L1 starts at least 200M MC with 10% circulation. Very few starts with low MC (kaspa) and really makes it to the top 50 rank.
@yourfriendSOMMI It's not that easy sommi, if my portfolio is down -50%, will it do 10x from here, and I end up with 5x? Or will it do 20x, so I end up with 10x? People can get round trips for the 20x to make 10x. Way worse situation with portfolios 70% 80% down.
@Jtmon3y@yourfriendSOMMI Am in both, man. Trust me, it's worse out there. You could feel in PLS there is a bottom of 0.000035 to 0.000040, pretty much no more dumpers. You also know it's gonna be saved at some points, VC stuff am down 95% on some coins in a bullmarket phase, market bounces and they don't
@eejit_john@yourfriendSOMMI i don't get what you mean by eth shoots lower? still eth going to 6k, is better than having a $600M Dai sitting doing nothing.