stephensmith.eth 🇺🇦

Previous: BIM in Construction. Crypto rabbit hole since 2016. Crypto winter surviver. investor, contributor. #ETH, #IOTA, #BTC, #STX, #ALEX

[stephensmith.eth 🇺🇦 @stsmith1975]

First post in a long time. As a difficult 2021 comes to an end I wanted to share my main crypto investing / trading lessons after 5 years in the ring.....

Thread below 👇

[stephensmith.eth 🇺🇦 @stsmith1975]

Anyone who thinks #crypto is deluded and/or scared. Bad actors in an unregulated and immature market are unfortunately normal. Trading of decentralised digital goods and digital markets will endure

[stephensmith.eth 🇺🇦 @stsmith1975]

@BobLoukas Many folks selling sh*t coins to buy BTC to self custody. When this stops maybe more downside

[stephensmith.eth 🇺🇦 @stsmith1975]

@shreyas Counbase are SOC 2 certified so security, availability, and processing integrity of their systems has been externally verified

[stephensmith.eth 🇺🇦 @stsmith1975]

@Josepi28 @BoredBox_ Hey - why the reluctance to use https://t.co/wYF1xo94hl?

[Jack Niewold 🫡 @JackNiewold]

If you're thinking about getting a job in Crypto or Web3, read this:

[stephensmith.eth 🇺🇦 @stsmith1975]

I just minted the Genesis edition of @boredbox_! See you on May 24th for the reveal.

Super excited to see what @BoredElonMusk and the team have in store for players!

[stephensmith.eth 🇺🇦 @stsmith1975]

Great interview from #ALLIN with @elonmusk. Best quote "I have a habit of biting off more than I can chew and then sitting there with chipmunk cheeks!"

https://t.co/j1OX1sCgp1

[Dan @robustus]

In 2011 when Gox was hacked & BTC market-dumped to a penny, that was the entire ecosys.

In 2012 when pirateat40 blew up, that swung the market 50% in a few days. 1/

[stephensmith.eth 🇺🇦 @stsmith1975]

'The entire point of cryptocurrencies is to restore some trust, credibility & stability into the world monetary systems' - excellent musings from @IOHK_Charles #Bitcoin #cryptocurrency #staystrong

https://t.co/W0yVemgB61

[stephensmith.eth 🇺🇦 @stsmith1975]

@DomSchiener I think your asking the wrong question. #IOTA needs to be asking ‘can we successfully build a competing L1 network without a developer fund?’. The answer to that is ‘absolutely not’.

[stephensmith.eth 🇺🇦 @stsmith1975]

@RuleBasedInvest Big Q is how far will it drop. $BTC has never dropped to a level where it fell below the cycle top of the prior cycle….so $20K from 2017. Cycles are constricting so maybe not the 70-80% drop this time. Thoughts?

[chiente hsu, PhD. @RuleBasedInvest]

1/ The overall market is undergoing a massive correction largely due to delayed FED hike trying to curb inflation. Tech is an interest rate sensitive sector. When rates increase, the value of those future earnings is greatly discounted.

[stephensmith.eth 🇺🇦 @stsmith1975]

@BobLoukas One of the neg sides of this story is that the traditional financial press will use it as a weapon to lampoon stablecoins generally without conceding that UST is not properly backed! #stablecoins $UST

[TO @TO]

1/ Here's a metric that matters more than token price or market cap

According to Dapp Radar, @Stacks is #7 in Monthly Active NFT Users (minus ETH L2s)

ETH, Sol, BNB, Tez, Near, AVAX, then Stacks

People don't realize that @trygamma volume is a hair away from @hicetnunc2000 vol

[Jon Wu @jonwu_]

An $18 billion stablecoin is losing its dollar peg with all the magical chaos of algorithmic stables, with a dash of Bitcoin systemic risk drama.

Here's everything you need to know.

The $UST Depeg Thread:

👇

[stephensmith.eth 🇺🇦 @stsmith1975]

@wEEtoZ @haknkskn @DomSchiener I could maybe help with this. I have been looking for a way ot get more involved with the IOTA community

[stephensmith.eth 🇺🇦 @stsmith1975]

@wEEtoZ @haknkskn @DomSchiener I was going to suggest the same thing. I would be a cool project to work on if the 'leaves' on the tree that represent projects where sized according to project size (e.g. TLV, community) and positioned according to project type (DEFI, NFT etc).

[stephensmith.eth 🇺🇦 @stsmith1975]

Plz sir something seems wrong. FOMC raises rates and my stocks are down. Make it stop plz

[stephensmith.eth 🇺🇦 @stsmith1975]

@Stepnofficial Wow 🤩

[stephensmith.eth 🇺🇦 @stsmith1975]

It will be interesting to see how this plays out. Limitless potential but Dev's will need to get their heads around the possibilities and advantages. Hopefully a few trailblazing example Apps will emerge early to provide a north star

[stephensmith.eth 🇺🇦 @stsmith1975]

I recommend anyone interested $ASMB I recommend reading the Meet Assembly blog here: https://t.co/p10bLKGllx

A few of my takeaways below 👇

[stephensmith.eth 🇺🇦 @stsmith1975]

A Dev might launch an ERC-20 token or non-fungible token (NFT) on an #Ethereum Virtual Machine (#EVM) application chain and outsource more expensive computations required for data analytics to a specialized Linux container chain (e.g., #Cartesi VM)