Moonshiner89

[Watcher.Guru @WatcherGuru]

JUST IN: 🇪🇺 EU accelerates plans for digital euro stablecoin with potential rollout on Ethereum or Solana blockchain.

[Folks Finance @FolksFinance]

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[Nik Stankovic @nikstankovic_]

Lots of people chuckling but nobody suggesting an answer, at least in language that normies can understand.

US government doesn't really print money, because printing money is irresponsible. If US government just printed money, it would go straight to inflation, and not 5% but more like 50% or even 500% or even 5000% per year. They wouldn't be able to do it for a very long time.

So what does US government do? It sells bonds (debt). It borrows money. That debt is bought by other countries or by Americans who have extra money. Why do they buy US government debt? Because it is safe and gives interest. It's like putting the money in a a bank or CD only better. Mainly because it is safe. Who would you rather lend money to, US or Serbia?

Take China: China gets a lot of dollars from the US for its exports to the US. Some of it is used to buy American products, but, as we know, China exports more to the US than it imports. So it has extra dollars. What is it going to do with those dollars? It buys US debt, because it gets some interest on it then. Otherwise it would just sit in the bank doing nothing.

So far so good.

But what happens if there are not enough buyers for US government debt AS HAS BEEN HAPPENING REGULARLY SINCE 2008.

Does the US government say "oh shucks, I guess we'll just have to spend less?" Of course not.

Enter the Federal Reserve, or the US Central Bank. They just buy up whatever debt nobody else wants. Where does the Federal Reserve gets the money to buy that debt? They don't. They print it.

You see, it is not the US government that prints money, it is the Federal Reserve that prints money. And they are not part of the US government. Who are they? They are a private bank. What? Yes. Wait. That doesn't make any sense.

Well, that's why this guy is confused.

So what if the Federal Reserve goes bankrupt? Why would they go bankrupt? They can just print money forever.

So this is all one giant scam? Yeah, the biggest scam of all scams. So why do people participate in this scam? Like China? Well, China kind of does the same thing. For one, two China benefits from it. Americans buy lots of stuff from China, that's jobs. But what does China do with the dollars they are just pieces of paper? It goes and buys a gold mine in Serbia with the dollars. Why would Serbia give China a GOLD MINE in exchange for some dollars? Because Serbia can use dollars to buy oil from Saudi Arabia. So what does Saudi Arabia do with the dollars?! It buys US debt, silly.

It's a Ponzi Scheme!

Ok, lots of people will tell you this story, but they will forget to mention one important thing: there are several billion humans going to work every day working for 8 hours or so. Working. Creating value (products and services). And so total value of everything in the world is increasing every day. There are new buildings and roads and chairs and cars and noodles and milk and YouTube videos and mobile phones and computers and people are able to get back to work because someone has cured them from a disease.

This is why it's not really a Ponzi Scheme. Money is circulating and new money is constantly being added, but real value and assets are also constantly being added. There is real input to the scheme, human labor. Just think, there is more STUFF in the world today than 100 years ago. That's why there are also more dollars in the world.

So what is the problem then? The problem is that the world economy, specifically the US economy, is borrowing more than it is going to able to pay back and that it is producing. If you want to borrow money, you have to prove you can pay it back. Some people can borrow more, some less. Elon Musk can borrow more money than me. US can borrow more money than Serbia. But can Elon Musk borrow 10 trillion dollars? No, not even Elon Musk can borrow that much money because he will never make that much money in his entire life, but he can borrow maybe 30 billion dollars.

US is borrowing more than it will be able to pay back and even more than there is extra dollars out there to buy what it demands (that's why Federal Reserve has to "buy" it: print money).

The problem is that printing money (by US government via the Federal Reserve) leads to inflation. High inflation = high interest rates. High interest rates depress economy => producing less => fewer taxes collected => more money printed => higher inflation. It's a downward spiral. Is US government then at least SPENDING less? Oh no, they are increasing spending. The worse it gets, the more money US is spending.

How does this end? It ends in hyperinflation and collapse of the dollar. Nobody will want to buy US debt anymore because US is irresponsible. The trust will be lost. Hell, better to buy Serbia's debt than US debt at that point, or even better China's or Russia's.

So why doesn't the US just stop spending so much? Like all these wars at least. Why doesn't a drug addict just stop taking drugs, don't they see they are destroying their health and will probably one day die of it? It's an addiction. And feeling of entitlement. When you are rich and on top of the world for so long, you cannot just one day say, oh well, I guess I have to tighten my belt a bit and live more modestly. Who me? Elon Musk? Now have to give up my private plane and fly commercial, economy class?

[Premature-Accumulator-Neill @MetaverseRanger]

10- insights into the current market.

Yesterday I did a light hearted menopause post on my thoughts of the market, cause I think during uncertain times it is important to remember to laugh and not be serious 24/7. Here are my actual observations.

1. You are not trading technology
- You are only trading liquidity, attention and marketing that results in future expectation.
- This counts for all crypto projects ( NFT, Ordinals and altcoins)
- The tech is irrelevant and everyone knows it by now. That is why defi projects are dead.
- Get out when liquidity or attention shifts

2. There are very few game changing protocols
- All the chains follow the same playbook
- The truly innovative protocols launch with low float, high valuations and mostly VC coins and often mostly launched on CEX's. There is no appetitive for this.
- Few understand these protocols anyway

3. Hate against new launches
- In the bear market launchpads are less active. Projects seemed to have launched more fair, although I think most of the teams sniped most of the supply anyways.
- The people participating in the market as mostly people that have been active for a while. We don't have tons of dumb money that is buying new launches and staking their tokens as tokens unlocks and nukes the price. We don't also have enough people who think they can make passive money from actually using any of the protocols.
- Projects waited for better conditions to launch and now we are flooded with them.
- It is also the same KOL's in all the launches

4. Current KOL situations
- Projects need promotion to stand out from all the 100's launched daily, for which they use KOL. Yet people get angry at the KOLs for joining a private sale.
- KOL's have more deal flow than ever before and this results in their impact becoming diluted as they have to shill a lot of projects.
- To stand out projects have become a lot more demanding of KOL's, leading to KOL's having to over promote projects which is in-organic and making them more ineffective even further.

5. The blow off top/alt season that never comes
- Before we had 200 L1/l2's and $BTC has not ecosystem, cycles had blow off top where all alts pumped.
-The market also pumped in phases $BTC->$ETH->Midcaps->low caps. Neither of these are predominant in anymore and it is much more narrative based.
- The only pattern that has been consistent was a strong meme rally close to local tops.

6. ETH/BTC Chart
- This cycle has been consistent with previous cycles where $BTC outperformed $ETH before the halving
- Everyone is declaring $ETH dead for the 100th time and many believe it will never pump
- $ETH ETF approval is likely to happen this year. $ETH has not seen ATH, while $BTC has.
- $BTC dominance has been giving @benjamincowen a semi for almost a year now.
- I think $ETH is due a nice run to silence the nay-sayers.

7. Meme's are king
- There is nothing that moves like meme's and you can't ignore them.
- We know almost 99% of Web3 is vaporware. Memes brings the honesty of zero utility and nothing but vibes to determine if you are all going to the moon together.
- It is hard not to have some meme coin exposure at least.
- Again just need to mention I doubt in terms of the big memes the supply was not largely controlled by teams and launches are not as fair as people think for memes.

8. New entrants are going to suffer when they return
- Imagine joining crypto at this stage not know who are good KOL's, how to trade using Banana, not being used to dexscreener/dextools or how to navigate between all the different chains and wallets.
- They also won't understand the history and dynamics of this autistic ecosystem
- The inverse can also be true where we suffer as all the normies buy's the most basic listed projects where the have the easiest access like Robinhood and outperforms our big holdings.

9. There are multiple ways to make money in this market
- I have spoken about this before but I am reminded by it time and time again that not everyone is suited for all ways such as being a great day trader. Find your edge.

10. Community is still king
- In difficult or good times for yourself being surrounded by people you trust and can learn from is extremely valuable
- At the same time projects with good communities also goes a long way during draw backs.

Just a few reflections as starting points to think of how to adapt to current market conditions. I hope it brings some value to you.

[ESM X @esmx_official]

200k milestone here we come! ⛩️

🪂 Like + RT + tag 2 friends to participate in the ongoing $20k Airdrop!

[ESM X @esmx_official]

🗣️ SPACES IN 3 HOURS 🗣️

Join @GG1nvestments and the #ESMX dev team tonight!

Talking about achievements, plans, the Meme League, partnerships and big surprises! 🤩

📢 https://t.co/hBq7aFXjkp

🎉 RT + Join our Telegram to win 10 Premium Tg subscriptions - https://t.co/fKtO4SaYXD

[Gordon 🐂 @GordonGekko]

Finally BASE utility play? 😳

ESM X will be the web3 gaming branch of an already running tournament platform called EsportManager that already has 30K registered users 👀

They are aiming to onboard traditional gamers in to Web3

@esmx_official 🤝

[ESM X @esmx_official]

Some of you might have noticed that we have been running ads like this on Basescan in the past few days...

This isn't just a coincidence.

We're preparing for our Pre-Sale with everything we got.🛡️

📅 24 April 19:00 UTC
🔔https://t.co/hBq7aFXjkp

[Moonshiner89 @TMamuzsits]

@esmx_official @MichaelMOTTCM @saylor

[ESM X @esmx_official]

180 minutes left.

🪂 Like + RT + tag 2 friends to participate in the ongoing $20k Airdrop!

[Moonshiner89 @TMamuzsits]

@0xBetErc20 Gm

[UXLINK @UXLINKofficial]

Exciting developments! Our latest press release unveils the seamless integration of @okxweb3 with #UXLink, marking a pivotal step towards mass adoption of #Web3 #Social infrastructure. Together, we're enhancing wallet usage and asset management across various blockchains, fostering a deeper understanding and broader utilization of decentralized applications. This integration underscores our commitment to advancing blockchain technology.🌐 #OKXWallet #UXLink #Web3Integration #OKX

[Moonshiner89 @TMamuzsits]

@playbuxco

[Moonshiner89 @TMamuzsits]

@bananas_sol

[Dancing Banana Sol @bananas_sol]

gm banaheads

[Moonshiner89 @TMamuzsits]

@realdogen $BANANA on SOL ist what you looking for. 🍌🍌🍌

[Moonshiner89 @TMamuzsits]

@Poe_Ether #banana_sol eat it! 💪

[Moonshiner89 @TMamuzsits]

@ANIMEL0VER94

[Moonshiner89 @TMamuzsits]

@bananas_sol

[Dancing Banana Sol @bananas_sol]

not sure if its enough $BANANA

big news tomorrow