David Cohen

#Crypto / #NFT advocate and #DEX expert

Executive | Developer | Investor

No paid promos - Honest commentary

CEO of LOFI-DEFI | | @lofi_defi

[David Cohen @Honestly520]

Crypto Twitter is filled with paid shills, chart gurus and hipsters trying too hard

I live #crypto. It's my life; I work in it, I invest in it, I research it for fun. I'm just that big of a nerd👀

Here to give you a look at the subject as someone who's actually immersed in it

[David Cohen @Honestly520]

Love how #crypto takes like 5 minutes to tank and then a week to climb back up🤦‍♂️

[David Cohen @Honestly520]

Come on y'all.. #Crypto is traded globally around the clock, why is #BTC so correlated to the US stock market?

#Cryptocurrency is not stock, the Fed can't print more of it or set an interest rate for lending it, stop panicking and just #hodl!

[David Cohen @Honestly520]

Talking #crypto in public is funny, I get one of 3 reactions:

1) You couldn't pay me to talk about this
2) It's all a scam
3) It's the future of finance

Don't even get me started on all the self-professed experts who can't even tell me what a #blockchain is 🤦‍♂️

#btc #eth #bnb

[David Cohen @Honestly520]

Don't read this if you're a #BTC maxi 😂

In all seriousness though really good read and enlightening regarding the divisions we face in #cryptocurrency as a community, granted the undertones are very left/right in nature like everything else🤷‍♂️

https://t.co/huwUdEeTdA

#ETH #BNB

[David Cohen @Honestly520]

@elonmusk For somebody that doesn't want to politicize Twitter you sure talk about the left and right a lot.

How about we just say extremism in any form is bad and move on to more productive topics?

[David Cohen @Honestly520]

Let's talk about #VeChain

#VET is used by companies like #Walmart, #BMW and #Microsoft and more around the world

All about logistics! #VeChain uses RFID chips to track info about products in transit so companies can track their goods via the blockchain

#Crypto #BTC #ETH #BNB

[David Cohen @Honestly520]

Lol.. Let me show you how this headline *should* read:

"Fort Worth spends $2500 on outdated hardware to mine coins that are bad for the environment, wants praise."

🤦‍♂️

#Crypto #BTC #ETH #DOGE

https://t.co/RrNFUEIKeZ

[David Cohen @Honestly520]

Today in #crypto news...

✅#BTC Is Going To $100k
✅#BTC Is Going To $0
✅Hackers Do Hacker Things
✅#ETH Merge Delayed Again
✅Will #ETH Overtake #BTC?
✅#Crypto Will End The World
✅#Crypto Will Save The World

Applicable for any day ending in 'y'

[LOFI-DEFI @lofi_defi]

A week has passed! That means..

📹 Our #LoFiDeFi Weekly Update video is out on our YouTube channel!

https://t.co/ce4tSrJ43l

Make sure to subscribe and hit the 🔔 to keep you updated on exciting news coming in the next few weeks!

#LOFI #Bitcoin #Crypto #NFT #ElonMusk #dogecoin

[David Cohen @Honestly520]

This #DOGE run is a bull trap y'all.

Classic case of buy the rumor - sell the news; once the dust settles there'll be no new immediate utility and people will move their liquidity around like they always do.

Watch.

#Crypto #BTC #ETH #BNB

[David Cohen @Honestly520]

THIS 💯!

Everybody thinks #crypto scams involve hacking and advanced technology but most of the time it's just someone tricking you into clicking something you shouldn't or socially engineering you into giving up your passwords🤷‍♂️

#BTC #ETH #BNB #invest

https://t.co/EK7LPGCKen

[David Cohen @Honestly520]

5/5 To mine BTC you need to invest in the equipment to do it, have access to cheap and abundant power and it gets crazy hot so you need to lease warehouse space or something

High barrier of entry and then the miners get the majority of the coins as rewards

The rich get richer🤷‍♂️

[David Cohen @Honestly520]

1/5 I clicked on this article with an open mind, ready to be convinced but this sub-headline tells you everything you need to know:

"RETAIL HOLDS 14% OF SUPPLY"

🤦‍♂️

That's not decentralized folks, that's antithetic to what #crypto stands for

https://t.co/zMYcGh6D4n

#BTC #ETH

[David Cohen @Honestly520]

4/5 So what makes BTC different than other coins?

The ASICs (computer) that you need to have to be able to efficiently mine BTC are incredibly specialized and expensive, your average investor can't mine BTC because of physical limitations like space and power unlike other coins

[David Cohen @Honestly520]

Ever wondered why fees on #BNB are so cheap?

There are only 21 validators on #BSC. You need to stake 10,000 #BNB *minimum* to be a validator, and only the 21 highest stakers get to validate blocks and collect fees

#ETH 2.0 will be this but less centralized

#cryptocurrecy #BTC

[David Cohen @Honestly520]

One day the #crypto markets will decouple themselves from the #BTC index

That'll be a glorious day🙏

[David Cohen @Honestly520]

Hate to break it to everyone but being rich doesn't make people experts in new technology like #crypto and #nft's

If anything, it makes it more likely that their views are biased based on their investments.

#btc #eth #bnb #defi #investing

[David Cohen @Honestly520]

The main problem with #crypto and #nft's right now is that people treat it more like a casino than an investment🤷‍♂️

Value should come from development in the form of added utility and adoption, not speculation based on hype with no substance😕

#BTC #ETH #BNB #DeFi #investing