ELON TUSK IS GOD

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Originally Posted by Tellafriend

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Originally Posted by sonatine

i promise you im not. im doing that incredibly autistic thing where i hyperfocus on a particular very high level endgame and let the pieces fall into place on the way.

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i'm earnestly learning as much as i can about stable coins as they makes some sense to me and i can see (or with the aid of listening to others) how it could be the future. I see how the US guvment will be able to benefit, perhaps a lot from them, so they will have that tailwind. if i am correct, i want to get in on the ground floor for once. everything is already expensive using current number but i'm buying what i can that is touching it. what worries me is when amazon adopts one then will it just knock everything i have out of the water....

do you know anything about Galaxy? i listened to the CEO who i was previously unfamiliar with give an excellent interview on Schwab TV and was thoroughly impressed. I'm buying it or and researching them further with the hope/goal of buying much more.

i have overpaid for circle but not worried, yet. i presume someone will or already has made a stable coin which is backed by bitcoin rather than treasuries so adding to that and buying Ethereum now. Fiserv is early. Saw where Robinhood was in the market for the stuff too, kind of and also read what you did about today about their new idea - sounds like they are trying to stay ahead of the game.

any informed thoughts on these would be appreciated.

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no bullshit if i had anything close to an informed opinion about any of this id offer it. very little of this is in scope for me because im just trying to set up a bunch of cross platform arbitrage bots in colos with sub 10ms access to APIs who dont do KYC. its all very traditional-HFT adjacent.

the rest is certainly interesting but its just not in my food chain.

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if the crypto topic is of interest, i commend this interview to you:

https://youtu.be/Amu-x6acRWo

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thanks for this.

i think theres a really important point that needs to be made; i think crypto is a fundamentally retarded tulip fetish but i love the money making opportunity it presents in certain fringe cases, and for day job reasons its important that i understand the physics of on-chain for forensic purposes. and as someone who recognizes that this is a founder phase economy, i need to keep an open mind for solutions that embrace the new tech.

but at the end of the day, my pathos re bitcoin is; i dont care if it 10x's by the end of the decade. look what the market is doing right now, look at the nasdaq's overnight action; its 12:45 and we are at ATH more or less. if you want a 10'xer, just buy 0day puts on QQQ if we break under the 5 minute opening range, youll probably get there pretty quickly.

my thesis with crypto has always been; the people who get rich in a gold rush are the people selling shovels. and so bitcoin doesnt interest me, but find me technical docs on https://www.wintermute.com/ and my cell phone goes on airplane mode and im brewing a fresh pot of coffee.

https://x.com/Chris_C_Cady/status/1940130816366924181

Tesla deliveries drop 14 percent amid Musk backlash


https://pm1.aminoapps.com/7304/ec101...7-337v2_hq.jpg

it probably pays to remember that robinhood can and very possibly will get folded with lawsuits over shit like this in the coming weeks/days/hours;





https://x.com/OpenAINewsroom/status/1940502391037874606

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Originally Posted by sonatine

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Originally Posted by Tellafriend

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Originally Posted by sonatine

i promise you im not. im doing that incredibly autistic thing where i hyperfocus on a particular very high level endgame and let the pieces fall into place on the way.







no bullshit if i had anything close to an informed opinion about any of this id offer it. very little of this is in scope for me because im just trying to set up a bunch of cross platform arbitrage bots in colos with sub 10ms access to APIs who dont do KYC. its all very traditional-HFT adjacent.

the rest is certainly interesting but its just not in my food chain.

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if the crypto topic is of interest, i commend this interview to you:

https://youtu.be/Amu-x6acRWo

---

thanks for this.

i think theres a really important point that needs to be made; i think crypto is a fundamentally retarded tulip fetish but i love the money making opportunity it presents in certain fringe cases, and for day job reasons its important that i understand the physics of on-chain for forensic purposes. and as someone who recognizes that this is a founder phase economy, i need to keep an open mind for solutions that embrace the new tech.

but at the end of the day, my pathos re bitcoin is; i dont care if it 10x's by the end of the decade. look what the market is doing right now, look at the nasdaq's overnight action; its 12:45 and we are at ATH more or less. if you want a 10'xer, just buy 0day puts on QQQ if we break under the 5 minute opening range, youll probably get there pretty quickly.

my thesis with crypto has always been; the people who get rich in a gold rush are the people selling shovels. and so bitcoin doesnt interest me, but find me technical docs on https://www.wintermute.com/ and my cell phone goes on airplane mode and im brewing a fresh pot of coffee.

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this is what i was/am trying to front-run. for now, i believe he's right and this will be the future of payments, at some point. if others agree and start to join and create their own stable coins then its going to be huge -- imagine them being the largest UST holders, that's a lot of power w the Treasury/guvment. Anyway, if you listen you will here Tom say that Galaxy Digital was one of their early partners on this new investment in Bitmine.

https://x.com/Cointelegraph/status/1940460801883599120

Are you buying ETH, BNMR, GLXY or all of them?

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Originally Posted by country978

Are you buying ETH, BNMR, GLXY or all of them?

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GLXY & ETH.

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Originally Posted by Tellafriend

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Originally Posted by country978

Are you buying ETH, BNMR, GLXY or all of them?

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GLXY & ETH.

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Do you like EETH, the ETF or are you buying straight up ETH? I like the ETF's because they can be held in my IRA as opposed to Coinbase. Curious about your approach.

I wound up with a small BMNR position and so far so good

edit - well i fucked up and put in a stop limit at $81,20 and got executed. Felt like a genius move after paying $56.20 after hours yesterday only to see it approaching $100 now

another edit - this fucking thing is now $130+ - 121% on the day -

last note on BMNR - FOMO I bought a little of this back at $106

The Fed bailed out the repo market June 30th. This is where banks go for overnight cash. They pawn assets (treasuries or whatever) for cash with the promise to collect their assets later.

This is a cool data point for me

Things are getting tight with the big gov spending going on etc. we been quantitative tightening too yada yada. Cash crunch

PFA got into this BIGGLY in 2019.

Last time this happened QE was enacted. It was called “not QE” lol. In later months rates fell. Bank leverage rules eased. Assets popped, inflation. Rinse repeat.

People have access to info and possess more awareness we didn’t have back then which I am attentive to now.

Just as people front ran the Mideast Iran deal …. previously markets tanked on uncertainty but rebounded later as they always have in our forever Mideast conflicts …. this time informed gamblers skipped the tank from uncertainty phase. Market history. What do gamblers know of repo markets? We shall see

Meantime enjoy your spoils and wealth transfer. Make Barron proud

https://x.com/JaguarAnalytics/status...61103090569447

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Originally Posted by Tellafriend

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Originally Posted by country978

Are you buying ETH, BNMR, GLXY or all of them?

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GLXY & ETH.

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https://x.com/RyanSAdams/status/1940867513358651725

https://uploads.tapatalk-cdn.com/202...7365621b32.jpg