DaCryptonachi

crypto & self-development.

[DaCryptonachi @BitcRl]

True!

[TTsquare² @T2Tsquare]

Navigating the crypto world feels like sailing in stormy seas. 🌊 But remember, every sailor needs a compass. What's yours? #CryptoGuidance

[DaCryptonachi @BitcRl]

Still here 🫡

[Miles Deutscher @milesdeutscher]

If you had told me at the start of last year, that:

• LUNA would go to 0
• 3AC (crypto's biggest VC) would subsequently collapse
• BlockFi, Celsius and Voyager would all go under
• FTX would implode, with SBF being exposed as one of the biggest frauds in financial history
• The SEC would sue Binance & Coinbase and label dozens of altcoins as securities

I'd probably have assumed that the industry would be completely wiped out.

Yet, #Bitcoin is still standing strong above $27k.

That is a remarkable feat, showcasing crypto's resilience amidst extreme adversity.

[DaCryptonachi @BitcRl]

@crypto_linn @thedailydegenhq @Route2FI @0xSalazar yes sir!

[DaCryptonachi @BitcRl]

Shill me the best crypto related newsletters out there.

Already subscribed to @thedailydegenhq @Route2FI @0xSalazar and @crypto_linn, so the obvious ones 🫡

Fancy crypto news in my inbox every morning with cold coffee. Name a better start of the day, I'll wait.

#crypto #news

[DaCryptonachi @BitcRl]

#CryptoTwitter #CryptoNews #CryptoCommunity #Bitcoin #Ethereum #DeFi #CryptoEducation #AskTwitter #BlockChainNews #Altcoins

[DaCryptonachi @BitcRl]

For everyone's visibility, here is the proposal which will be subject of discussion for the next 3 days: https://t.co/MUW88CQRz0

Thanks for getting through this @LybraFinance 🫡

[DaCryptonachi @BitcRl]

WTF is happening with $LBR price on Uniswap? Is this has to do with the recent migration?

@LybraFinance

[DaCryptonachi @BitcRl]

@LybraFinance Please advise on how to see the newest version. Tried to move them to Kucoin, but this doesn't seem to work. Why is this happening while in other exchanges the price is the same?

[hoeem @hooeem]

I'm captivated by cryptocurrency because it's the ultimate test of self-growth.

Didn't take profits from a trade?
Your responsibility.

Didn't analyse the market correctly?
Your responsibility.

Didn't secure your assets?
Your responsibility.

You either succeeded or you didn't.

This immediate feedback compels you to assess and refine your strategies.

[hoeem @hooeem]

As a Crypto Enthusiast, your 3 roles are:

1. Research:

Keeping abreast of the ever-evolving crypto landscape

2. Portfolio Management:

Ensuring your investments align with your goals

3. Digital Security Officer:

Safeguarding your assets and maintaining digital hygiene

That’s the essence of it.

[Ken Deeter (puntium.eth) 🦇🔊 @puntium]

We are at peak ignorance of crypto.

Inspired by a question I was asked recently, I drew this picture.

It's my mental model comparing how crypto progresses through time to how people outside of crypto perceive that progress:

The green line is our cumulative progress as we build.

The red line is how the rest of the world perceives what crypto is capable of.

When the red line is far above the green, we are in peak bull market. Expectations far outpace what is actually possible.

When the red line is far below the green, we are in peak bear sentiment.

This is when everyone says crypto is dead. Ironically, the green line accelerates in these moments because builders are still building, and they are freed of the distractions of the bull market.

Best I can tell, we are in a peak bear moment.

Most of the world thinks Ethereum is still melting the planet.

Most people have never heard of an L2.

They don't know that teams are rebuilding on Solana despite the mess that FTX made.

They have no idea we've made huge leaps in ZK tech.

They're unaware that DeFi, NFTs, RWAs, and stablecoins are all building the next set of fundamental primitives that are expanding the design space.

They don't realize that we're making progress on the regulatory front in the US and around the world.

They can't see that tech that was just a bunch of vaporware a few years ago is now shipping in production.

All they see are news stories about SBF, Kim K, and Matt Damon.

The gap between perception and reality could not be larger.

But there's also a warning here.

We need to try to close the gap between perception and reality, instead of amplifying it.

The greater the overshoot in the bull, the greater the undershoot in the bear.

Even if we get to the peak that is 5x-10x of the last, we will cause irreparable damage if we end up with 5x-10x of the blow ups on the other side.

Better tokenomics, clearer regulation, self-policing of the community, and UXes that focus on keeping people safe -- all pieces of the puzzle that get us to a healthier place. More on that later.

In the mean time, if you need a tldr:

[DaCryptonachi @BitcRl]

https://t.co/Xgj2n7GHEM

[DaCryptonachi @BitcRl]

Venturing into the unknown when you're young and have less to lose isn't recklessness, it's seizing opportunity. Don't let fear dictate your pace—embrace the risk, forge your own path, and never find yourself asking, "What if?" decades down the line.
#SeizeTheDay

[mr smoovie williams @smoovie420]

people never seem to understand that the shadow realm IS the period of maximum opportunity

Despair, boredom & anger are to be celebrated - whereas euphoria, when people rush to buy, is peak danger

don't just buy blood, buy acres of plague-infested lands with suffering villagers

[DaCryptonachi @BitcRl]

Best crypto newsletters?

[Harry. @CryptoHarry_]

Very popular opinion:

$RUNE's streaming swaps will be integrated into all major cross-chain wallets like Metamask and trading platforms like DEX aggregators within the next few years.

The average DeFi user will be swapping between native assets of different chains without even knowing of @THORChain's existence.

ThorChain is currently offering lower trading fees than CEXes for swaps from native $BTC to native $ETH. This is quite insane, especially when you consider the fact that there is absolutely no bridging.

Overall, streaming swaps have seen an increase in real usage, real fee revenue, and increased the real yield for LPs and $RUNE node operators.

Remember, these figures are in the middle of a bear market. Think about what'll happen when integrations are pushed through all the major wallets and trading volumes are back near the previous bull market's peak.

For those unaware, $RUNE's price is deterministically based on TVL and liquidity.

For every $1 of non-rune liquidity, $3 of $RUNE is locked. So $500m of $BTC liquidity, and $500m of $ETH liquidity would result in a minimum $RUNE MC of $3bn.

That equates to a minimum price of $10 (6.5x from here), without any speculative multiplier.

The speculative multiplier usually sits at around 2-3x, which puts $RUNE at $20-$30.

On top of all of this, streaming swaps will also be integrated into Thorchain lending, reducing slippage on loan origination, and in effect making them much more useable.

Thorchain loans result in burning of $RUNE, reducing its supply, and will increase the deterministic value.

[DaCryptonachi @BitcRl]

It's the only place in the world you'll get rewarded for being inquisitive, for trying, for being persistent beyond measure.

[Joseph @JosephA140]

A small piece from my experience shared with the remaining few.

This is the important bit of the cycle. This is where you're truly jaded, you've lost money trading, and maybe you think it's truly over.

There are 2 camps of people who experienced a cycle.

1) The ones that give up

They stop trying, stop believing. They pray crypto goes down to validate their decision. Every time it goes up, bubbles of fear and anxiety well-up inside as they pray it goes down. This camp is a weak-hearted camp riddled with disbelief. They will short the next rally. Whatever they turn their hand to next, they lack the fortitude, and resolute belief required to be truly free.

2) The ones that never stop believing

They hustle to get extra money, they're active in discords, government forums, conferences, airdrops, NFT communities. Simply: They will do whatever it takes. Crypto is a serendipidous place. It's the only place in the world you'll get rewarded for being inquisitive, for trying, for being persistent beyond measure.

These two camps are representative of people. Be a strong-willed person, undeterred by difficulty. Unwavering in the face of struggle, and resolute in belief.

Do everything in your power to be in Camp 2. Those people are Life's true winners.

[DaCryptonachi @BitcRl]

Don't let distractions steal your time, your focus, or your potential for success. Harness the power of information, but don't let it overwhelm you. Stay focused, stay determined, and remember that the true key to success lies in the careful investment of your attention and time.

[DaCryptonachi @BitcRl]

"In 2023, it's a double-edged sword. Success is simultaneously easier to grasp and more elusive than ever. On one hand, the digital age has blessed us with an unprecedented access to information.

[DaCryptonachi @BitcRl]

In such an environment, focus has become a scarce commodity.

Remember, your time and attention are your most valuable assets. It's crucial to learn how to filter out the noise, stay focused on what truly matters, and use the vast resources at our disposal to our advantage.