BBOS

perp MM || ex binance leaderboards by pnl

[BBOS @BBOS_trades]

@notgodcomplex96 sent you 10k on sol, hope it helps :)

[BBOS @BBOS_trades]

@33b345 also why there's (proportionally) so many young people in the space doing well for themselves

[BBOS @BBOS_trades]

@samraaj @serenaa_ge @sbarnholdt qwerty on a glove 💔🥀

[BBOS @BBOS_trades]

spot mm works if you get token allo and just lose less than what you execute out of allo for making the token, basically becomes a mid frequency optimal execution problem

perp mm is where things get truly interesting, and as long as you have maker rebate and correspondingly low taker fees you can be pretty creative (eg. incorporating certain directional alphas into inventory management (this works more nicely here given that you can have negative inv with perps))

so, imo, I'd recommend getting into perp mm, you'll just have more variables to fafo with and possibly find some cool stuff :D

btw, if you can't get good fee tiers and you wanna make money live you'll probably have to stick with something closer to stink bidding, but we all start somewhere (if you find a way to beat retail fees quoting relatively narrow DM me and I'll hook you up with capital 😉)

[Cobie @cobie]

What I mean is: you know when you go to the beach, and you have a fish and chip. It's a nice day, sun is out, wind is low. Nobody around, just the sound of the shore and the breeze on your face.

Then, suddenly, virtually as soon as you sit down and unwrap the food, 40000 pigeons appear out of nowhere. Between them, they share seven braincells. It is almost like they have one, repeating thought. "Chip? Chip? Chip? Chip?"

No matter how much you bat them away, these intellectual midgets just do the same thing. "Chip? Chip?" as they swoop into your personal space.

CT is a bit like that now, except instead of "Chip?" they say pick a random word from your tweet and say "Chipcoin Coded" or quotetweet "Cobie is shilling emoji coin!!" because you included a laughing emoji in the tweet.

Or they turn some random part of your tweet into the lowest effort possible pumpfun coin, with no literary embellishment or style.

These low neuroplasticity human beings cannot really even be described as bots, since LLMs have made bots seem a little bit smarter or more eloquent than these folks are.

Instead, they are the pigeons of crypto twitter.

You turn up to have a nice day, and talk with your friends, on the beach, and they get up in your face squarking about the 8k market cap coin they just made using a stray sentence from your tweet.

The desperation, lack of relevance or invitation, and generally low quality and futility of the perpetual attempts... just like a pigeon trying to get your food.

[BBOS @BBOS_trades]

@TheCryptoNexus @TheFlowHorse what do you think about this account? might be randoms paying for the hl adverts, still was confused af when I found it a month ago or so

https://t.co/y7V1ButGxI

[BBOS @BBOS_trades]

just broke my foot and tore some ligs 😭

was looking forward to nyc and monaco eom, but gotta get surgery now and recover some instead 🤦‍♂️😕

at least markets have been treating me good, but health >> money every day of the week

[BBOS @BBOS_trades]

@maruushae @LSDinmycoffee for that size just use the coinbase usdc/eur limit only pair, you'll pay nothing in fees, likely get filled within a minute, and get a better price than in the screenshot above (~0.8969€ per USDC)

[BBOS @BBOS_trades]

@maruushae "doesn't look profitable"
> doesn't know precise price, size, and type of executed orders

[BBOS @BBOS_trades]

@BruHFT_quant @DeepDishEnjoyer glove80 and a ploopy trackball (classic v2 once it drops)

[BBOS @BBOS_trades]

My take is:

1. The main-event isn't worth it at all, nothing burger

2. Most accessible (and even some VIP) side-events are just parties (limited opportunity for deep conversation, but alright to meet some people and exchange contacts for later (quality of connections not guaranteed))

3. MMs that make for individual projects (for spot allo) are ass, MMs that make for exchanges are chads (biased take :D)

4. [ ] is easily the best place to be, one of only two "side events" where I was able to have lucid multi-hour conversations with some really bright people (it helps that the exclusivity of those events guarantees the "quality" of attendees (and that they were not in a night-life setting/context))

Overall, I think that attending conferences is a net-positive, even if you, like me, aren't explicitly looking to network/meet people to do business with; just hanging out with like-minded people and making some new friends made it easily worth it for me. Much love.

[ltrd @ltrd_]

Conclusions after TOKEN2049 🧵

TOKEN2049 in Dubai is behind us, and it's time for reflections. I've prepared a short list of observations from my week in Dubai—I hope it gives you a fresh perspective. Remember, if you want a comprehensive view of TOKEN2049, don't rely solely on my list; read others' reflections too. We all attend TOKEN2049 with different goals, levels of preparation, and meet different people. Also, when I make statements, assume the Pareto principle—meaning it's true 80% of the time, not 100%. There will always be outliers or exceptions.

#Token2049Dubai #Crypto

[BBOS @BBOS_trades]

@0xkyle__ wdym with liquidity in 3.? money in crypto? reads as if you're saying thinner books make it harder to move pairs

[BBOS @BBOS_trades]

@cr1337 just an og bitcoiner deciding to reprice monero to fair value

[BBOS @BBOS_trades]

@systematicls I basically never retweet anything, but this is accurate, concise, and objectively true :D

[sysls @systematicls]

There are only 4 ways to make money:
1. You are selling a service - e.g. providing liquidity/options for willing buyers.
2. You are earning a risk premium for doing something risky with your cash, e.g. you are willing to buy growth stocks before they have become empirically successful and hold them through the ups and downs.
3. You have an information edge that comes from either having access to data that the dollar-weighted average participant do not, or are able to transform and extract excess signal from contested data.
4. You have a structural edge that the dollar-weighted average participant do not - e.g. VIP fees, QFII feeds, etc.

If something does not seem like it fits into one of these 4 buckets, it likely does not make money.

[BBOS @BBOS_trades]

@0xMXV nah, i'm staying jumeirah al qasr, just some restaurant by the pool

al muntaha is around the corner tho

[BBOS @BBOS_trades]

Ready for Token2049 next week :D

[BBOS @BBOS_trades]

@Tarrvie man, i should've known this would attract all the bots/scammers

[BBOS @BBOS_trades]

Anyone wanna sell me their Token2049 ticket? Just went to buy one and they're sold out, thought I could do ts last minute 😂💀

[BBOS @BBOS_trades]

@Theladyminer price and proof pls

[BBOS @BBOS_trades]

I'm seriously cooked when my PA is on vacation, unreal

[BBOS @BBOS_trades]

Worst case I just come to the side events, anyways what I was looking forward to most :D