VIP Livestream recap from Monday is now up over on YouTube.
We go over $BTC and $ETH along with our most recent setups/active trades and how I am looking to trade it going forward. We also talk $SOL Perp-Dex plays $BTC.D and more!
https://t.co/meCgrfQPQb
@Roman_Trading This man was calling the top in 2021 for weeks and no one listened including myself. When I lost my entire bag with risky degen trades late in the cycle I said, “listen to Roman when he calls the next top.” Do what you want but this is a trading PSA to keep you safe out there.
Remember that time Sam Bankman Fried stole billions from customers in a massive fraud and gave over $70 million to democrats (and $200k to republicans) including millions for people like Rep Maxine Waters (who blew him a kiss at the hearing he was invited to), Sen Maggie Hassan and over $20 million to Joe Biden himself (boss of SEC Chief Gary Gensler who gave Sam a special audience no one else in the industry got).
Then the Biden DOJ — as part of SBF’s extradition deal made sure that no campaign finance violations would or even *could* be charged so that not a single politician would be investigated or charged with a crime, have any depositions or discovery, have to reveal anything to the public or even have to return the stolen deca millions of dollars? Remember?
🔥🧵 THREAD: WHO IS THE NEW WORLD ECONOMIC FORUM BOSS?
Klaus Schwab is out.
But the man replacing him may be even worse.
Meet Peter Brabeck—corporate overlord, Nestlé tyrant, and now head of the World Economic Forum.
You’ve never heard of him. That’s by design. 👇
1/21
Quite the big headline
such headlines often have the opposite effect especially in equities
pre-market is green for now & USD bid
China - US trade war still escalating based on headlines so will be far more important to see where markets close tomorrow
If you bought $100 of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000.
If you kept the $100 USD you'd only be able to purchase about $73 worth of goods today.
Bitcoin is the best performing asset of the last 12 years, and it's still early days.
Every government, especially those looking to create a hedge against inflation, should create a Bitcoin strategic reserve.
Happy Bitcoin $100k day.
First thing a memecoin farmer (read "scammer") does is reverse engineer how you trade.
Most people have simple filters:
- funny? buy
- good site? buy
- followed by cool people? buy
- huge volume? buy
- hodlers growing? buy
So they focus on these things...
2/14
@CastilloTrading@Sebasjnumero12 I had my best week of trading in 2 years b/c of @CastilloTrading ETH range play. We don’t short the range lows!!! His VIP channel is one of the best free resources you could find as a growing trader.
Warren and Grassley want to know about SBF relationship with CFTC, but not with Gensler, who SBF privately met with via his father, and who was set to give FTX an exemption for US operations?
Such bs.
Today @Uniswap Labs received a Wells notice from the SEC.
I’m not surprised. Just annoyed, disappointed, and ready to fight.
I am confident that the products we offer are legal and that our work is on the right side of history. But it’s been clear for a while that rather than working to create clear, informed rules, the SEC has decided to focus on attacking long-time good actors like Uniswap and Coinbase. All while letting bad actors like FTX slip by.
When I first set out to build Uniswap, the goal wasn’t to reimagine finance.
It was an experiment in radically decentralized, fully automated onchain markets. I didn’t know if it would work or if anyone would use it.
Fast forward to today, the Uniswap Protocol has processed over $2 trillion in volume. Many thousands of teams and developers have forked our code or built on top of it. We built entirely new financial infrastructure that is transparent, fair, secure, and accessible powering an entire industry.
The team at @Uniswap did all of this in the US from our office in New York City.
People often ask me why we stay in the US and my answer is simple: I believe that blockchain is incredibly powerful technology. Like the Internet, it’s here to stay. So someone needs to figure it out, and it might as well be us.
And that when you build technology that improves people’s lives – you don’t need to hide.
The @SEC’s mission is “protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.” This is a noble mission. I would argue @Uniswap does a far better job of this today than the SEC.
Yes, I'm frustrated that the SEC seems to be more concerned with protecting opaque systems than protecting consumers. And that we'll have to fight a US government agency to protect our company and our industry.
This fight will take years, may go all the way to the Supreme Court, and the future of financial technology and our industry hangs in the balance. If we stand together we can win.
I think freedom is worth fighting for. I think DeFi is worth fighting for.
And of course, we won’t stop shipping. Stay tuned
🦄💜
Chairman Gensler just revealed his cards.
You might be surprised if I told you it's the Federal Reserve that probably asked Gensler to attack Uniswap.
The Fed is weaponizing the SEC to slow down financial innovation.
The Fed is looking at DeFi for quite some time now, they absolutely understand that it's Decentralized, Permissionless, and Removing central intermediaries.
Why the Fed is afraid of DeFi?
It's all about CONTROL and LEVERAGE.
Currently, the Fed does everything in the opaque then create reports of what they've done. What's the biggest strength of DeFi? TRANSPARENCY! Even David Solomon, CEO of Goldman Sachs recognizes that fact.
The Fed SHOULD be transparent, they have to create public reports of their actions since they're public servants. But they use those reports to gain leverage over market participants to pick winners and losers.
They also fear that they'll lose lots of power over time.
Why did the Fed attacked Uniswap NOW?
Because of BlackRock.
The Fed didn't want to bring too much attention to it at first. But Larry Fink kept talking about tokenisation. I think they panicked when they heard that BlackRock launched their DeFi Fund on Ethereum mainnet. The Fed Vice Chair Michael Barr probably almost chocked hearing that lol
This is our toughest battle for DeFi. The fact that the SEC attacked Uniswap means they're desperate and losing!
Ethereum's DeFi is already changing Finance!
I think a lot of people are wanting similar PA to play out like we saw from Dec 2020 - Dec 2021.
IMO, this is hopium for trader who don't have the allocation they want before we go higher.
It's hard to justify buying $BTC at these levels yes, but also, this is what triggers parabolic moves higher. When little to no interest of an area for buying happens, yet people still want more allocation, they are forced to buy higher when they do not get the downside they are wanting. People want $BTC, and as much as possible, but buying at $70k seems idiotic when we were sub $20k just 1 year ago.
Just think, if many people are waiting for lower, and lower never happens, they are still more then willing to deploy that capital at levels that aren't ideal, but will continue to push price higher.
I could literally care less what happens from here. We go to $50k I get to buy more, we run to $100k I am in massive profit. But I still think this move breaking ATHs happened a lot more rapid then many were anticipating.
You can't really base sentiment off of reading X posts either. "Everyone is bullish expecting higher" in our little niche inner circle, maybe. But outside of this, I still think most are unaware of where we truly are within the entire Crypto industry.
Remember, the trend is your friend. And although things have slowed and started to range, no significant breakdown has actually occurred on #Bitcoin .
@CastilloTrading PSA: this is an amazing free resource for solo traders on the come up. I’ve been following on X for a minute. Been in the telegram channel for a few months. He’s constantly giving actionable intel for free. One of the best channels I’ve found to date. Thanks!🙏🏻