@BitQua Market prices & capital availability are correlated
Market up -> greed up -> fundraising easy
-vs-
Market down -> fear up -> fundraising dries up
On other hand, market prices & future returns are inversely correlated. Only way to break it is raise in good times then wait or DCA
@0xQuit Knowing he’s 50x levered and would be forced to sell if price falls by a couple percent, curious if people will sell to force him to delever then buy it back at an even lower price.