@CredibleCrypto Hi brother, i have a question regarding the aggregated spot volume, i think it only includes binance and coinbase and not other exchanges where whales could be buying. What are your thoughts on this? I would like to know your insight. Thank you!
@0xENAS Eugene, iโd like to ask, how often do you look at your positions and their respective charts a day? Do you not get itchy closing or switching positions? Thanks.
$AO Update on Tokenomics:
TLDR:
- 36% for $AR holders, 64% for people who bridge assets into $AO
- 1M tokens currently floating tokens
- $AR on CEX = will get tokens via CEX distribution, $AR on wallet = airdropped in wallet
- Holding $AR will mint $AO to you
- Linear style, more value of assets on $AO = more $AO tokens
- $stETH now, $SOL to be added soon
- $AO started minting on 27th Feb. Once 15% generated, only you can claim liquid rewards (ETA 6-7weeks).
- Testnet $AO also will earn $AO
- Bridging rewards starts Tuesday 18th June
1/ My highest conviction altcoin is $BANANA
I first wrote an in-depth thread about it nearly 4 months ago at $23, since then BTC is +35% and Banana is up over 100%, one of the few alt coins to outperform BTC in this market.
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1/ The US House is voting on FIT 21 today.
Biden just said he wants comprehensive crypto regulations.
Time for another explainer thread.
+ What is FIT21?
+ Why is this bill important?
+ What does FIT21 tell us about shifting political alliances and power in the US?
๐งต๐
Perpetual Perspectives #014 hosted by @Stoiiic
Join us as we navigate the crypto bullpen with Class of 2017 market veteran @CredibleCrypto, discussing:
โข Reflections on the Market
โข Finding your method
โข Memecoins
+more
https://t.co/pjaUJWFFnN
*Money Printing*
A seemingly simple, yet confusing topic.
I mean, why even sell bonds to the public, when the Fed can just print more dollars and pay for whatever the government wants to spend?
The answer is simple but requires a little critical thinking.
Time for a Fed ๐งต๐
Okay too many questions about #Bitcoin ETFs and zero flows -- a few quick thoughts:
1. On any given day, the vast majority of ETFs will have a flow number of ZERO -- this is very normal. There are ~3,500 ETFs in the US. Yesterday 2,903 of them had a flow of exactly zero
Gun to my head if I had to choose one indicator/tool to be stuck with for the rest of my life it would be:
Volume Profile (VP)
"....and volume ultimately measuring the success or failure of all advertised opportunities."
A Comprehensive Guide on VP - ๐งต