I know the term "Confidence Elasticity" sounds technical and dull, but the concept is simple: demand is a function not of price but of our mood. Moreover, there are some things we only want at specific levels of mood.
Crypto influencers persuade people to invest in low marketcap coins. Here I would like to show you what happens when tweets like this show up on your timeline. It can be a disaster for you and the market. Do not let anybody be his exit liquidity. $FIDA
🧵🧵🧵
@dmit0820@Mousewrangler2@ESYudkowsky It is all about the data that is fed to it, and billions of parameter that are trained to match it. Study its algorithms from real ML books & articles (with actual formulas and architecture) you will be really disappointed.
@satsdart This so-called "short-term market campaign" is so good for the exchanges that are in dire need of liquidity. and I have used it and had no problem is not due diligence.
Now that Dan Friedberg, from FTX, has everyone's attention:
It's time to pay attention to Dan's former coworker, that works for Bitfinex/Tether today.
Stuart Hoegner. The largest fraud in cryptocurrency still operating. He's the one that said Tether can't ever do an audit.
Alameda Research “pitch deck”. (From @dogetoshi)
“High returns with no risk”
“These loans have no downside”
“15% APY”
Alameda Research was a Ponzi scheme from day one. That’s why they did business with Bitfinex/Tether. Run by pro-Ponzi scammers.