Holly shit!!!! I haven't checked since around October it was 75 k then, really amazing at 125k.
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Holly shit!!!! I haven't checked since around October it was 75 k then, really amazing at 125k.
Quote:
Originally Posted by sonatine
do you see a long term play here?
Quote:
Originally Posted by TellafriendQuote:
Originally Posted by sonatine
do you see a long term play here?
market making on new dexs. i was going to say short perps on bloated shitcoins but much smarter and more well funded people than me have gotten swept trying.
some team showed up at a new dex and literally just opened/closed positions until they bled off like low 8 figures to the spread.
apparently they will be getting an airdrop worth like a solid billion united fucking states dollars.
like i cant imagine how to chart a long term profitable play here, least of all because theres a bunch of super realistic scenarios where all this goes to shit.
but people are making their fortunes now and the thing they all have in common is they are seeking the edge cases like vol farming or stat-arb etc.
it wont last because it never does but if you can whet your beak in the right stream, you will never be thirsty again.
or sell shovels; start a dex. ill bet you there will be gov subsidies for it sooner than later.
https://finance.yahoo.com/news/bitco...130149290.html
Major cryptocurrencies and crypto-related stocks were rallying early Thursday ahead of President Trump's expected signing of an executive order that would allow alternative assets like cryptocurrencies and private equity into the retirement accounts of millions of Americans.
Bitcoin (BTC-USD) rose more than 2% near 9:00 a.m. ET on Thursday, while ether (ETH-USD) and XRP (XRP-USD) were both up more than 4%. Shares of Coinbase (COIN), the biggest publicly traded crypto exchange, were up as much as 3%. Robinhood (HOOD) and Strategy (MSTR) shares each rose more than 1.5%.
President Trump's executive order, expected to be signed around 12:00 p.m. ET on Thursday, according to Reuters, will direct the Securities and Exchange Commission (SEC) to facilitate the use of alternative assets in 401(k) plans and other retirement accounts.
The order would mark a major shift in retirement investments, opening up the traditionally staid industry to more speculative and sometimes illiquid investments. Typically, most 401(k) participants are offered a mix of stock or bond funds or index products in which to invest.
was gonna try and sell my ETH at $4k or at least half of it, it got real close about 2 weeks ago and is real close again... probably gonna reevaluate as it gets closer to $5k now... just have to see how quick the price goes up if/after he signs... maybe 6k is not out of the question in the short to midterm...??
Just another thing the chili eating fat fuck that has no life or real friends was wrong about.
Still Druff’s shame and human garbage.
Unlike you, this is by choice.Quote:
Originally Posted by sonatine
While you sit on your fat ass daily alone not working.
Pure human garbage!
Given Thiel’s influence and success these days how can anyone not have plans for the crypto IPO Bullish.
Crazy times
is he gonna put out a crypto coin?Quote:
Originally Posted by Sanlmar
this is exactly what trump is hoping to do
100%
https://x.com/TFTC21/status/1965060115092132002
Quote:
Originally Posted by sonatine
definitely on the short list of options.
tried to warn you
a little
https://x.com/LordofBathrobes/status...06449761173665
Quote:
Originally Posted by Daly
So....... we about half way to the next halving.
We should theoretically start to see a march to a new all time high in a by Jan of 28 or so. $200k give or take?
some news from the trenches
apparently a lot of small to medium and possibly larger firms/exchanges were not positioned to survive todays numbers.
there are a few different ways this can go;
- users start to pop up saying XYZ cant fulfill my orders because they are wiped out and my coins are in fact gone
- the parties in question raise collateral and the market recovers and everyone pretends nothing happened
- the parties in question are unable to beg liquidity and announce they are wiped out and all holdings were liquidated, which creates a run on the banks situation
bottom line is we are about to find out who had a functional risk department and who did not.
aster is refusing to allow withdrawals
Coinbase Global shares experienced a significant drop of 7.7% following insider selling, with notable sales from executives Paul Grewal and CEO Brian Armstrong.
CEO Brian Armstrong sold 25,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $355.47, for a total transaction of $8,886,750.00. Following the completion of the sale, the chief executive officer directly owned 526 shares of the company's stock, valued at approximately $186,977.22. The trade was a 97.94% decrease in their position.
Quote:
Originally Posted by sonatine
This is way too big a move in what is still an unregulated market. There will be issues.
does this involve the fresno state game
Quote:
Originally Posted by DalyQuote:
Originally Posted by sonatine
This is way too big a move in what is still an unregulated market. There will be issues.
its crazy because weve all seen a few flash crashes but every single time, price action wicks back up as people step in to go bargain hunting.
thats.... not currently happening. retail is clearly spooked and the people who have been building their rolls up for 10 years just got vaporized because everyone has been levered up on perps.
oh also, no clear explanation of what just happened. no body has floated to the surface.
wonder if/when see buyers step in.
When its all levered to the tits and despite what the crypto bros tell you its all a derivative of Bitcoin all it takes is a major move and its wipeout.
No Fed last resort. No insurance. No plunge protection team or wall street market makers.
Remember when the crypto boys would shit on boomers about the antiquated ways the legacy market (which also isnt perfect) operates? Lolz no 24x7 market. Lolz daly you get the weekend off and get to shut down at 5 PM a real currency and banking system should never sleep.
I wonder how many of them are rethinking that right now.
crypto isnt my fetish so maybe im just wrong but this doesnt feel tariff related or anything trump related.
id be much more inclined to blame some form of economic warfare from china than i would lay this at trumps feet.
but the longer we go without real attribution, yeah the more this looks tariff related.
Im sorry, but these numbers don't make a lot of sense. Please correct me if I'm wrong.Quote:
Originally Posted by Sanlmar
I haven't even looked up the real numbers yet, but this post is implying (at least to me) that he has sold nearly his entire position in Coinbase.
This cant be true. 8 or 9 million is pocket change for this guy here.. This sounds like a single transaction for proceeds from a compensation award or something- probably excercising options or something like that. Whoever wrote that article I think was missing something - (probably AI gone unchecked)
The last i checked, Armstrong had a pretty large stake in Coinbase. Im too lazy to look it up right now.
lmfao monday is a bank holiday so gl adding capital to positions to prevent liquidation.
Yeah, someone is engaging their brain. Wasn’t me. Good catchQuote:
Originally Posted by GordmanIm sorry, but these numbers don't make a lot of sense. Please correct me if I'm wrong.Quote:
Originally Posted by Sanlmar
I haven't even looked up the real numbers yet, but this post is implying (at least to me) that he has sold nearly his entire position in Coinbase.
This cant be true. 8 or 9 million is pocket change for this guy here.. This sounds like a single transaction for proceeds from a compensation award or something- probably excercising options or something like that. Whoever wrote that article I think was missing something - (probably AI gone unchecked)
The last i checked, Armstrong had a pretty large stake in Coinbase. Im too lazy to look it up right now.
Peanuts it would appear. If he had no equity left that would be front page news too.
News overload today. I got stopped out on some stuff.
We do know bitcoin ain’t digital gold.
Quote:
Originally Posted by SanlmarYeah, someone is engaging their brain. Wasn’t me. Good catchQuote:
Originally Posted by Gordman
Peanuts it would appear. If he had no equity left that would be front page news too.
News overload today. I got stopped out on some stuff.
We do know bitcoin ain’t digital gold.
Certainly not faulting you here.
You're a very intelligent guy and someone I look to for thoughtful analysis on whatever subject is being talked about.
I could have just as easily done the same thing here.
News overload Is a good way to put it, because sometimes I feel like the news being pushed on us is like a firehose being centered on our mouth, and we're trying to drink all of that news/water being fired at us, but sometimes its just impossible to take it all in.
Quote:
Originally Posted by GordmanQuote:
Originally Posted by Sanlmar
Certainly not faulting you here.
You're a very intelligent guy and someone I look to for thoughtful analysis on whatever subject is being talked about.
I could have just as easily done the same thing here.
News overload Is a good way to put it, because sometimes I feel like the news being pushed on us is like a firehose being centered on our mouth, and we're trying to drink all of that news/water being fired at us, but sometimes its just impossible to take it all in.
https://finviz.com/news.ashx
Use this