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@rasmr_eth Making money has nothing to do with being optimistic or pessimistic
Especially trading
Some of the most rotten people in the markets are the richest
@shahh Crypto bros so slow they don’t realize that bitcoin has always just been another asset class
Did you people really think bitcoin was gonna engulf all of the value in the world?
Retards
Not really what he said.
He said if his prediction of AGI within the decade was wrong then the fund would blow up
The problem was the fund blew up after the first dip. Couldn’t even last 3 years with the leverage he was using. The call on AGI still wasn’t wrong
Over leveraged and greedy
@michaelsikand Exactly right
And his fund still has 10 bil
400 mil -> 10 bil in 2 years is still insane, regardless if he fumbled an extra 30 bil or not
.@martinshkreli says funds were already shorting Situational Awareness stocks as early as Monday in anticipation of Leopold getting liquidated, which only accelerated the collapse.
"Some players were already positioning on Monday and Tuesday, looking to shoot against the fund."
"That's when you know somebody has to liquidate, and the best thing for you to do — unfortunately, sadly Darwinian — is to go sell all the positions you have in common and go start shorting everything they have. And it accelerates the downfall."
"This is a very common practice when these things happen. Not something I would do. But I know a wide number of funds that were shorting all these stocks, hoping to cause a panic and a crash."
Leopold explains his approach to not blowing up (2024)
"Obviously, not blowing up is task number one and two or whatever. I think this investment firm is going to just be betting on AGI and superintelligence before the decade is out, making the bets you would make if you took that seriously."
"I think if that's wrong, the firm is not going to do that well."
"The thing you have to be able to resist is, you know, one or a couple or a few individual calls. It's like AI stagnates for a year because of the data wall, or you got the call wrong on when revenue would go up."
"You have to get timing right. I do think in general that the sequence of bets on the way to AGI is actually pretty critical, and something people underrate."
THIS HAS TO BE THE STORY OF 2026
Ken Griffin’s Citadel was pushing surprise-rate-hike fears just days before the AI trade collapsed and forced 4x-levered Leopold Aschenbrenner's Situational Awareness to unload its book near the lows.
Citadel then reportedly bought most of those assets at significantly lower prices knowing that if sentiment deteriorated enough the fund could be forced to sell which makes the entire sequence look absolutely ruthless.
This is why the stock market is the greatest game on Earth.