MingaBlock

Crypto Investor & Technology enthusiast - I’m here for rebellion.

[MingaBlock @MingaBlock]

„Be humble. Be teachable. The universe is bigger than your view of the universe. There's always room for a new idea.“

@ProfFeynman

[MingaBlock @MingaBlock]

@elonmusk Great!

[The Kobeissi Letter @KobeissiLetter]

Did liquidity in crypto just dry up?

Crypto markets have now erased -$325 BILLION of market cap since Friday morning.

At 5:00 PM ET today, crypto lost -$100 billion in 1 HOUR without any major headlines.

What is happening with crypto? Let us explain.

(a thread)

[MingaBlock @MingaBlock]

@ZeroHedge_ 💯💯💯

[MingaBlock @MingaBlock]

@ZeroHedge_ 💯💯💯

[MingaBlock @MingaBlock]

@bokiko Wow 🤩

[MingaBlock @MingaBlock]

@alojoh @elonmusk 💯💯💯

[MingaBlock @MingaBlock]

@SawyerMerritt Funny 😁

[MingaBlock @MingaBlock]

@TeslaBoomerMama Have a good trip and who needs make-up 🤩

[MingaBlock @MingaBlock]

@mikealfred Glad your wife and child are doing well and will be home soon! ☀️🥰

[MingaBlock @MingaBlock]

@mikealfred 🤪🤪🤪🤪

[MingaBlock @MingaBlock]

@alojoh 💯💯

[MingaBlock @MingaBlock]

@bokiko Great and good work Bokiko

[The Wolf Of All Streets @scottmelker]

“The big money is not in the buying and selling, but in the waiting. We don’t have to be smarter than the rest; we have to be more disciplined than the rest. The key to success is being consistently not stupid, instead of trying to be very intelligent.”

- Charlie Munger

[Grass @grass]

https://t.co/8Mag23XvJp

[MingaBlock @MingaBlock]

@ZeroHedge_ Yes it is!

[MingaBlock @MingaBlock]

@martypartymusic Thank you #Binance

[MingaBlock @MingaBlock]

Crazy!

[The Wolf Of All Streets @scottmelker]

$2B liquidated in 24 hours.

That’s a record.

More than the Covid dump. More than the FTX collapse.

Epic.

[Erik Voorhees @ErikVoorhees]

Don't fret, brother.

Crypto is, and has always been, 99% nonsense grifty garbage/scams/jokes, and 1% fundamental global financial system revolution.

But this 99/1 is based just on quantity of projects.

Considered by market cap, it's more like 75% quality, 25% nonsense. Bitcoin is good. Ethereum is good. Stablecoins are good. Several dozen defi projects are good. Wildly cool technology permeates through all of it, and sound economics underpins its long term growth, though the short term feels often like an appallingly irrational market.

How to cope with this dichotomy?

Embrace the degen frontier and have fun, and recognize that amidst it all, a decentralized financial system is real, is important, and is working. None of it is forced on anyone, after all.

We are building and we are attracting the world toward us... and much of the world simply wants to gamble and have fun. This is okay, and actually provides capital for the important work happening behind the casino.

It is, actually, working.

We are realizing the wildest dreams of those who are into it for all the right reasons, despite the accompanying fantasies of those who aren't.

Just keep building, and build well.

[MingaBlock @MingaBlock]

@APompliano 💯💯💯💯

[MingaBlock @MingaBlock]

@bokiko @MARAHoldings @realDonaldTrump 🤩🤩🤩