Sumi

Think and allocate

[Sumi @_ssumii_]

was talking to a someone who just joined a big chinese tech vc, he said he loves how tech evolves

so i asked what he thinks about the next 3-5 years

his answer:
- from tech a to tech b to tech c to tech d, the path has been blah blah
- some big guy A says this, big guy B says that, etc.

but he just can't talk about his own view.

so i wonder since when the many VCs started just reiterating the same consensus? that's a very easy job, don't need a team to copy and paste from WSJ.

then i realised i can't just blame this guy individually, your brain gets numbed when you try to look bigger than what you actually are.

this applies to every fancy industry.

disappointed.

[Sumi @_ssumii_]

was talking to a someone who just joined a big chinese tech vc, he said he loves how tech evolves

so i asked what he thinks about the next 3-5 years

his answer:
- from tech a to tech b to tech c to tech d, the path has been blah blah
- some big guy A says this, big guy B says that, etc.

but he just can't talk about his own view.

so i wonder since when the many VCs started just amplifying consensus? that's a very easy job, don't need a team to copy and paste from WSJ.

then i realised i can't just blame this guy individually, your brain gets numbed when you try to look bigger than what you actually are.

this applies to every fancy industry.

disappointed.

[Sumi @_ssumii_]

@ForestBai1 u know the cabal owns the business before investing right?

especially if you have crypto vc background

[Sumi @_ssumii_]

I genuinely could not tolerate a life where I had to keep convincing myself, “This is the right choice.”

- can really relate, coming from research background, threw myself into solo trading to understand the world in my own way

i may regret in the next couple of months because of losses, but will eventually thank myself for building the grit in me.

[Sumi @_ssumii_]

@spark888 thoughts on Hertzflow? if you wanna call out anything before tge :)

[Sumi @_ssumii_]

@jason_chen998 Great, thoughts on Hertzflow?

[Sumi @_ssumii_]

@asklivermore how do you find the obvious stop loss areas? 🙏

[Sumi @_ssumii_]

@Autonomous_Chad wuuu saw me up there

[Sumi @_ssumii_]

@UlricaW_ 🙋🙋🙋onchain all the time

[Sumi @_ssumii_]

Something I really don't understand about trading products, especially the ones that "helps finding alpha"

if the alpha is real, why can't you just capture it for yourself????

the real alpha behind these projects is launch a meme coin when more ppl start following, "founder" pumps their bag.

ofc, from your bag my friends

[Sumi @_ssumii_]

@AlexAuroraDev yes me and near:native price completely agree with your shiny little story

[Sumi @_ssumii_]

@XBToshi The level of absurdity
https://t.co/Kh2l39C2RZ

[Sumi @_ssumii_]

For the ones blaming @THORChain , please go through this question yourself

(if you are not paid by bitget or okx)

Why did you pay attention to crypto in the first place?

- If it was about decentralisation, maybe get away from X and think independently for a while. Many big accounts getting paid by bitget to confuse people

- If it was nothing about decentralisation, you are blaming thorchain for the exact things that brought you into crypto, that's fine if you don't want to admit.

Funny?

Some simple thought experiment lays out contradiction, maybe some hypocrisy.

Remember, the reason why cex ever exist is to provide somewhere to trade as a service. Don't let the waiter tell you what to do.

[Sumi @_ssumii_]

For the ones blaming @THORChain , please go through this question yourself

(if you are not paid by bitget or okx)

Why did you pay attention to crypto in the first place?

- If it was about decentralisation, maybe get away from X and think independently for a while. Many big accounts getting paid by bitget to confuse people

- If it was nothing about decentralisation, you are blaming thorchain for the exact things that brought you into crypto, that's fine if you don't want to admit.

Funny?

Some simple thought experiment lays out contradiction, maybe some hypocrisy.

Remember, the reason why cex ever exist is to provide somewhere to trade as a service. Don't let the waiter tell you what to do.

[THORChain @THORChain]

We are devasted to hear about the recent exploit and can imagine how difficult this must be for everyone involved.

THORChain is decentralized and permissionless like Bitcoin, Ethereum, and BNB Chain.

What responsibility should Bitcoin, Ethereum, and BNB Chain bear when handling known stolen funds?

@star_okx @GracyBitget

[Sumi @_ssumii_]

@MistTrack_io @Bybit_Official @THORChain @bitget Why don’t you post on the main account @SlowMist_Team ?

Wasn’t your mission to prevent some mid business like Bitget from being hacked in the first place?

Now asking a chain to freeze simply means things:
1. Your business model failed
2. You can’t defend hackers

Maybe both👍

[Sumi @_ssumii_]

Such a pathetic attempt to deflect responsibility.
THE INDUSTRY IS WATCHING YOU.

[Gracy Chen @Bitget @GracyBitget]

Our attacker addresses are publicly listed and actively tracked. We are formally asking @THORChain to refuse service to these addresses. Decentralization is a design principle, not a shield for facilitating known stolen funds.
The industry is watching.

[Sumi @_ssumii_]

It's been a very turbulent week, primarily because of the US-CHINA-IRAN drama on UNGA.

Big part of the portfolio is in Iran nuclear deal NO, bab strait closure NO, and US blockade ends NO. Which caused unrealised loss when someone says US-Iran got a deal in progress.

Conviction never really changed so I held, by eow prices converged to where they supposed to be.

But I have to admit, could've done it better by entering position during the drama. I knew there will be some drama, I knew price would move irrationally.

I was simply impatient to wait for a better entry. When there's free cash I felt being "inefficient"... Which results in ~$500 opportunity cost I could've capture.

On the other side, still want to mark the moment my portfolio hits $14k. Hitting ath every week.

btw it's not showing daily change, seems uiux or account management is broken? @Polymarket

[Sumi @_ssumii_]

@slowhandeth A: SHITSHOW
https://t.co/WwECEP79UL

[Sumi @_ssumii_]

Waiting for honest ppl to call out the exact phrase to describe this

[Sumi @_ssumii_]

Waiting for honest ppl to call out the exact phrase to describe this

[Zetoshi @ZetoshiX]

🟥Bitget CEO @GracyBitget is talking about whether she is single or taken while the exchange has reportedly lost almost $400M