pls rt this for the sake of new traders entering the space
don’t follow ninja scalp , trader xo, etc…
all of them failed to adapt to the market conditions
all just larps
have you’re own conviction don’t follow big accounts here
IMO if you wanna make money, you should want to make it while adding value. there are lots of rich people who objectively subtracted from human productivity with abuse of switching cost, monopolistic crap software etc etc. pox on that. add value.
Last bull run, one of Norway's highest net-worth individuals Kjell Inge Røkke invested 500 million NOK into #Bitcoin through the holding company Seetee.
Røkkes shareholder letter was a masterpiece and one that if you haven't read, you definitely should.
https://t.co/CIB6dKZFKD
The SEC has now directly confirmed that Jump secretly bailed out the UST project, propping up the peg and prolonging the Ponzi without any public disclosure whatsoever. Jump made over $1b in profits through their dealings with TFL and Do Kwon. https://t.co/SGQwFBppoe
If you had listened to the critics, you wouldn't have been jarred. Changpeng Zhao has NEVER done ANYTHING to increase trust. There's a reason why a real audit was never completed. No real auditor would ever sign off on it.
OpenAI's GPT-4 failed a CFA Institute exam, the finance world's self-styled toughest test, scoring eight out of 24, despite the answers being available online (Bryce Elder / Financial Times)
https://t.co/tq5zOHzePc
https://t.co/bGOaneZi3D
I found a bank that has $1.5 Tn in mark-to-market losses because it bought Treasuries & MBS.
For the first time in 107 years, this bank has negative net interest margin.
Its losses are poised to exceed its capital base. Can you guess?
The Federal Reserve...
🧵