Vieri

[Route 2 FI @Route2FI]

Why crypto won’t disappear anytime soon:

People love gambling. The whole online gambling/casino sector did increase its revenue ten-fold after Covid. Why? As GCR writes:

“I’m long humans being desperate, greedy, degenerate, lonely, and trapped in the metaverse”

[Cobie @cobie]

Fwiw I think eth and btc will see new all time highs in the future. Dunno how long it will take but believe it will happen. Cannot say the same for any of the rest of this stuff though, think a lot of it can go down another -95%, valuations w locked stuff still insanely high.

[Lyn Alden @LynAldenContact]

Terra's multi-billion dollar algorithmic stablecoin UST blew up today.

Aside from destroying the value of $LUNA, they used their bitcoin reserves to try to defend the peg, kind of like a flailing emerging market using its gold reserves to defend its FX.

[Route 2 FI @Route2FI]

The way it goes:

• A crisis starts (eg. Covid-19 in March 2020)

• The government prints money to stimulate continued economic growth

• Inflation and the circulating amount of money increases

• People get more money –> they now both invest and spend more money

1/6

[DCinvestor @DCinvestor]

all of the emerging investable metaverses are going to take a lot longer than you think, and by the time some of them actually arrive, you’re going to wish they hadn’t

building MVPs first and trying to bootstrap use today before suffering legacy token debt may prove better

tbd

[DCinvestor @DCinvestor]

4 digit ENS names are not that different form a 10K pfp collection if you really think about it

probably a better and more durable meme than most tbqh

(btw, reiterating that i don’t own any and will not own any)

[Route 2 FI @Route2FI]

17 truths about crypto & DeFi

/THREAD

[Will @WClemente]

This bear market no one is questioning whether Bitcoin will exist anymore or if it’s a scam, but rather the lowest price point it will go so that they can accumulate as much of it as possible

[moon @MoonOverlord]

the entire Solana network is crashed and down right now

usually its just speed throttled, let me repeat... the entire network is completely offline

sellers cant sell tokens if they literally physically cant send a transaction 💪💪

[Route 2 FI @Route2FI]

It's easy to state that crypto-trading doesn't work.

But at the same time, long-term investing in crypto can be dangerous.

Imagine buying $JEWEL at the top. It's down 90% from ATH just 4 months ago.

You need a 900% return to break even.

In trading you have control at least.

[BonDawn @ImBonDawn]

it’s crazy to me that people in the NFT space are saying 3-4 digit ens domains are stupid while we all own animal jpegs worth thousands of dollars

[croissant @CroissantEth]

ENS names are at all time high registrations.

-17,628 new .eth names since yesterday

-1,017,068 total names

-350,243 unique addresses

What will happen after adoption of L2, subdomains, profiles, and counterfactual wallets?

[Benjamin Cowen @benjamincowen]

Wen 2023

[⟠ @ryanberckmans]

Last night in discord, this guy is panicking trying to top up his Solana-based margin account. I see him post several times over about an hour. He's begging and slamming txns through on his wallet. Solana wouldn't process them at any fee. He got liquidated. Truly sad and not ok

[Benjamin Cowen @benjamincowen]

#Bitcoin: Navigating the Downtrend
https://t.co/JXm7DjG4do

[Benjamin Cowen @benjamincowen]

#Bitcoin momentum clearly to the downside. Would love to be short-term bullish, but it's hard to be when we just keep moving lower. I'll be watching these candles to see when we actually start to show signs of a trend reversal

[Route 2 FI @Route2FI]

If you can work 40 hours a week for someone else's dream, but can't motivate yourself to work 5 hours a week on your own (eg. learning crypto/DeFi or something that will make you money), you will have a hard time reaching financial freedom.

[Benjamin Cowen @benjamincowen]

It's not fair to call all altcoins "shitcoins" anymore. #Bitcoin is down 38% and the dominance of #Bitcoin is still in a local downtrend.

Clearly the #crypto asset class is bigger than just #Bitcoin.

But there are still a lot of shitcoins.

[Adam Cochran (adamscochran.eth) @adamscochran]

Not sure I remember the last time the majors like BTC looked so bad, and yet we had so many assets performing so well.

Not even by sector/type but by specific asset.

This is a really cool decoupling to see.

[sassal.eth/acc 🦇🔊 @sassal0x]

1/ In late 2020 there was a strong narrative being pushed that you didn't need to buy/hold ETH - all you needed was BTC + DeFi blue chips (aka the "crypto barbell" strategy).

That turned out to be horribly wrong with ETH strongly outperforming BTC and most DeFi in 2021.