people invented derivatives to hedge their local farm produce for next season but we're using it to price in the next 100 retail purchasing 20$ of meme coins by front running them with 300M open interest paying 230% annualized
Just wanna give a brief overview of the crypto rules for all the newcomers:
▫️ If you buy a coin with your entire bankroll, it will nuke 50%
▫️ If you buy a coin with 1% of your bankroll, it will go up 50%
▫️ If you think buying a coin is a good idea but never do it, it will go up 1000%
▫️ If you think buying a coin is a good idea but only this guy you utterly despise does it, it will go up 100000%
Crypto is a regret optimization machine. I don't make the rules.
gm
For the first time in 7 years, Japan saw a perfect “sunset panda” today — a phenomenon in which the setting sun passes behind an NTT antenna tower in the Akashi City, Hyogo to create the face of a panda
NEW: The owner of a $16M California mansion that is on the verge of falling into the ocean, is refusing to leave his home.
82-year-old Lewis Bruggeman says his house is "fine" & isn't worried about it falling into the ocean after a recent storm eroded the cliffside.
"The house is fine, it's not threatened and it will not be red-tagged. The city agrees that there's no major structural issue with the house," the Dana Point home owner said.
The National Weather Service predicts more rain will be hitting the LA area next week, warning of more mud slides.