The Biggest Flexes on the Planet
· A fit body
· Clear pee
· An empty calendar
· Your spouse still loves you
· Not trading time for money
· Living near the mountains, forest or water
· Your children still want to hang with you when they're 25+ years old
What else would you add?
EDWARD SNOWDEN JUST GAVE AN EXISTENTIAL WARNING TO ALL AMERICANS 🚨
“If you stick out, you will become non-normative, an anomaly.”
Snowden warns that within 5-10 years, big data will track every aspect of our lives on the blockchain in order to create predictive behavioral models.
These models will control whether or not you are given a loan, whether or not you will be hired for a new job, and how you participate in the marketplace. 🤯
This 2-minute clip of Snowden at the Bitcoin Conference in Nashville is mandatory listening. 👇
GIVE AWAY
In a couple of days, I'll be active in Crypto for 10 years.
Quite a ride 😅
Doing something back: will give away 1,000USDT on 11-03-2024.
The 1k will be divided into 4 lucky winners.
All you have to do is follow me and retweet this.
There are 3 phases to the crypto market :
Phase 1. Left curve everything and just buy. A rising tide lifts all boats. This is the time to accumulate the alts
Phase 2. Need to be a bit more careful but dips are for buying. Usually full on Alt season, this is the time to start a DCA out of alts
Phase 3. Risk off, sell the rips and dont look back. Be completely out of alts and in stables and btc and eth.
The Hodl stack never gets sold, but the trading stack goes to stables.
Currently we are in phase one where you simply hold your nose and spot buy and a rising tide will bail you out. Phase one is coming to a close and phase 2 is around the corner
Phase 2 will be much more violent and volatile, This will be when we get close to previous ATH/ pass ATH. This will be price discovery for the market. We dont know where the next ATH will be set but its likely going to be close to psychological numbers Like 10k eth or 100k btc.
I dont expect to sell the top but I will try to sell close to it. Every blow off top has a relief rally and that will be the point to sell.
In 2017 it was from 20k to 11k then back to 17k. 17k was the point to sell.
In early 2021 it was from 65k down to 47k and back to 59k. 59k was the time to sell.
Phase 3 happens close to the top / relief rally stage. Dips are not for buying. This is where the bear market begins and its time to turn off growth mode and go into preservation mode.
The relief rally is where to sell and that will be the time when everyone is euphoric, bull posting and saying this time its different.
I hate to break it to you but its NEVER different. 🫡
If you want to maximise this bull run, you must pick the right narratives.
Last cycle, we saw L1s, DeFi and metaverse coins explode.
This cycle, institutions are pouring capital into THESE narratives.
You have a chance to be EARLY.
🧵: My top 7 sectors for this bull run.👇
Learn to trade outside of Twitter.
This sounds stupid on first glance but many people I know come here for bias confirmation or a trade idea.
If you have no original thoughts in your head when at desk then just buy Bitcoin & stop trying to be a smart ass.
My winning strategy is only trade easy market conditions. No adventurous knife catching. No holding bad entries underwater for days. No trying to play it fancy.
Just waiting for real easy money.
Use your money to
- Look better (grooming)
- Feel better (food choices)
- Make more money (invest)
Use your time to
- Look better (gym)
- Feel better (meditation)
- Make more money (skills)
🔸 FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources
BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.
https://t.co/SlPscZ1RTf
Yes, $BTC broke $39,800 just now...
For the past 8 months, I've been building something big. It'll see the daylight soon.
Imagine you could become profitable full-time trader in 90 days (no costs), master all markets, and get paid for it on top of profits...
Would you take it?
To clear up common questions regarding Grayscale and $GBTC.
1. Yes, $GBTC still holds ~582K BTC or $23B+ in value.
2. Yes, a lot of this will likely be sold by investors:
A. Taking profit from the GBTC discount trade from the past year as there was a 50% discount from GBTC to NAV.
B. Fleeing to cheaper products/ETFs that don't charge a 1.5% annual fee.
3. Yes, most of this has been getting absorbed by the other ETFs so far. even though the #Bitcoin price has obviously come down a bit.
4. Yes, this will likely remain to cause some supply overhang as long as the GBTC outflows keep going. Not all of it will be (instantly) converted back into other products after all.
5. Yes, they also hold 3M in $ETH in their $ETHE fund which is valued at ~$7.4B. This will likely cause similar market dynamics if an ETH spot ETF were to be approved and Grayscale would convert their ETHE fund into one similar to how GBTC converted.
6. No, I have no idea how long this all will take and what the future impact will be on the market. No one knows and it's pretty difficult to track these things in real time. Especially as this ETF data only gets reported 24+ hours later.
Good luck out there in the trenches 🫡