Formerly FTX #2 PNL / 𝕨𝕙𝕒𝕥 𝕚𝕗 + 𝐀𝐏𝐄 𝐒𝐙𝐍 + Ape City

Ape City
Pinned Tweet
Even with gold over $5k, we might still be in relatively early innings of a massive run on gold. If previous bull runs on gold are an indication, we are still looking at amazing 50% to 300% gains from here. If this is a more unique situation, it might even be bigger. Buys have mostly been from central banks, which have christened gold as the tried and true best ponzi in the world amidst the weakening dollar. That's why I don't think this is a blowoff top any time soon like most people think. I think only mostly the smart money is getting in, we are still in the 4th inning, and the dumb money is oblivious to the financial situation on the ground. With the gamblification of finance, everyone loves a good "runner". Think back to late 2020, early 2021 for crypto: when people were yeeting into coins every day on robinhood, and talk about crypto was nonstop. Or think back to GME when everyone piled on. We are not anywhere close to this level of mania and exuberance about gold. I think as gold and silver continues to run, attention on them will grow and metals have a chance to really, seriously rip, even from here. This is the power of reflexivity: if people decide, this is when the music is going to stop, everyone is ready to rip it in. With the size of the asset, all big money players are on the field too. The notion that "gold is real money" is not a new idea, it's actually an old idea - fiat is an experimental bubble. Ponzis depend on belief and a lot of this comes from the meme value, the strength of the narrative. Gold being the most lindy, being synonymous with wealth, its potency as a ponzi is unmatched. Gold simply has the best narrative in the zeitgeist. To use the now famous words ironically, when it comes to ponzis, "there is no second best." The best of course clearly being gold. Which brings us to BTC. Despite BTC having better technical factors, I don't see the same level of belief anymore. Nowadays people only bought crypto to get rich, sans belief, which means you dump reflexively on the way down because you dont believe in it. And even now those tourists are mostly gone. Plus, you can't even get multiples on it because everything else worth investing into (gold, ai, robotics) is ripping while BTC stays flat. This is really dangerous for BTC's long term future and could result in an Ethereum-like situation where it languishes for years before collapsing in price as people question the value of holding a risky asset for years without realized returns. There are now solutions to having an acceptably fast and secure blockchain that don't require a huge ponzi attached to it. Again, if somehow enough people believed BTC is real money worth saving their wealth into, then everyone is forced to own it eventually, but the problem is this belief doesn't seem to be growing like maybe there was a case for years ago, it seems to be shrinking. I don't know if bitcoin ultimately makes it or doesn't make it, but I prepare for both outcomes and I think it's risky to assume that bitcoin is a sacred cow that can't be slaughtered. I hope bitcoin makes it but I think owning gold (as well as tsla and goog) are slam dunk allocations that you need to be exposed to, and now isn't too late when you look at very high timeframes.
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Had entire net worth on FTX, oops. Will do a FTX victim party live from Tokyo as a Twitter Space, about 29 hours from now. See you there. 🫡
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The nerds were fucking right. #bitcoin
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#Bitcoin is AOL. #Ethereum is Google.
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In percentage terms, #Bitcoin growing from $57K to $1M is the same as going from $3,249 to $57K.
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In ICU for covid + pneumonia. Almost was on ventilator but my oxygen improved last minute. Now leveraged trading from bed. People ask me if that causes me stress. Son, it causes me stress not to trade leverage.
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alright, listen up. some of you are fully invested. that's great. that's where you want to be. some of you aren't, or are trying to "nail the top" thinking you're a hero and hoping to hit a perfect short. well guess what, "it's time to get fully invested". let me remind you these are extremely path dependent outcomes. we don't know where the top is. wherever you think it could end, it could get a whole lot bigger. i'm talking entire countries aping in. buzz creates flow, interest, headlines, and now unexpected pools of capital may join the party. this is why we keep at minimum schmuck insurance. but the better way is just to be fully allocated and accept getting punched later. the squares are going to go from 0 to 3% allocation. don't be one of them. bet more. my move is very simple. until the etf faucet stops, the longs stay on. and no, i'm not fucking leaving. we're going to win every chip in this casino. i say we because in this case, bankers are buying our coins. this is the rare case in crypto where it wasn't just pvp. we're all insiders here. we're all apes. and we all can win. so please, say it with me together. APE CITY, BITCH.
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If you don't love me at 44, You don't deserve me at 58. #Bitcoin
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GameStop is a cutting edge gaming and electronics retailer firm out of Texas, awaiting imminent patent approval on a new generation of online merchandise stores...
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BREAKING: The Bitcoin conference in Miami is changing locations to the McDonald's at NE 4th and 2nd. - Sources
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If you invested your $1,200 stimulus check in #Ethereum on April 15th, you would have $12,811 today.
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People ask me, why at 9 figures did I push so hard for 10? I want yacht money, not yacht trip money. It's That Simple. $BTC $SOL
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I love the #Bitcoin community.
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my metamask my bank acct
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Like this tweet if you're still very bullish on Ethereum.
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look, it's very simple. wall street has put a giant funnel into crypto, and then dump trucks a mile long are dumping billions of dollars of cash in. imagine being in crypto for multiple cycles, finally getting the moment where all you have to do to make it is be a holder in yet another Event That Cannot Be Priced In And Is Totally Unfair Free Money, and dropping the ball. it's so sad, the level of trauma and giga ptsd that one must experience to flat here. it's just a flat out desire to lose. i've been there. i've lost 9 figures, as most of you who study wice lores know. but instead of permanently living in goblin town, when the net is open, we take the shot. because champions adjust. champions never give up. and champions win. ape city, bitch.
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You're in her DMs, probably left on read. I'm 118 ETH deep into her DAO, and I got a winky face reply. We are not the same.
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This guy @JamesWynnReal is straight up addicted to gambling. Couldn't even go two days without heading back to the tables to bet. I say this with love, and as one of the very few who has opened a 500m long and understands the psychology of the situation especially with respect to Twitter. One degen to another, stop caring about Twitter likes, and stop erratic punts on perps, or your -EV betting will eventually make you lose it all. Zipping a yard back and forth daily is being ruled by emotions or addictions or Twitter, it's not smart. IMO smartest thing you can do in these situations is logoff and stop betting, until you get in a better mental state. DMs always open bro, much love.
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Stop looking at ALT/USD pairs. Only ALT/BTC matters. Because BTC is based money.
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I'm Not @HighStakesCap, So I Lose Big On Nukes. If I Can Click The Buy Button After A Nasty Nuke, You Can Too. This Is Not A Bear Market. Max Bid Only.
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The last chance to buy Bitcoin under $50,000. ATH retests have a way of popping off and inducing massive FOMO and attention.
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Bulls are in control. We're going a lot higher. Ape city.
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If you bought Ethereum under $4000? Congratulations. You'll make it into the citadel.
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I don't use banks. I prefer to be the bank. $BTC $ETH
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I'm not shorting $ETH until it's well above $10,000. See you on Mars.
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No, @MartinShkreli, noone cares that you can bribe Trump's third cousin a ham sandwich to say $DJT is legit post facto. @ZachXBT proved that you are behind the coin, and confirmed by @ArkhamIntel. And I fired the initial shot that exposed you. See, you riled up the bet for attention, so you could kick up LP fees. That's 3D chess. But I fired out the bet to bait and expose you. That plan was in a group chat before I tweeted it. That's 4D chess. During your spaces, one of your lieutenants turbo dumped a bag for $832k. Is this the behavior of someone who thinks that the project is legit? And how much did you earn? For Trump family members to bless DJT prior to the launch, they would presumably have to get some consideration in return, ie. money. So with the proceeds, are you going to pay Trump family members or not? Because if they don't get paid, it proves you are full of shit. You keep talking "come bet me, come bet me" meanwhile everything around you goes to shit and you get exposed. Absolutely no one cares about a twisted terms bet that a bribe can win. The main question that everyone buying wonders is: "does the coin with ticker 'Donald John Trump' have anything to do with the man." And to that question, the answer is NO. Now the only question left is whether you go back to jail, snitch. ape city, bitch.
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ONE TRADE TO GET PAID ape away gorilla gang
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I have an important announcement to make. Resume Up Only Now. $ETH
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Shut the fuck up. Put the champagne away. Absolutely no one on this trading floor will be celebrating until the job is done. Do you understand me? This is the superbowl of trading. Retail is here. Money is flying into every coin and crypto asset. Fill your duffel bag, and get out. Eyes on the prize. Some of you will not make it out, by the way. Be prepared for nasty nukes if you're on leverage, obviously. Let me remind you that a milady is historically great protection from losses. You can just copy paste this one if you need one. Milady or not, we are all apes tonight. Apes stronger together. Ape city, bitch.
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Replying to @Pentosh1
lol
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happy birthday to me. my last birthday was right after the ftx crash. despite 5x-ing my liquid net worth in the year following, i'm still unhappy with where i'm at. yeah, i fumbled the car, the house, the boat, and the jet. and when bitcoin is 6 digits plus, i'll always wonder "what if" i just managed money properly (haha). more than money, i wish i had people who cared about me. i know that's more important than money, but i'm too clueless to achieve it, and i've kind of given up on trying. i'm the ultimate pariah. honestly, this makes me want to shoot myself every day, and i know i will probably never have peace, but i've accepted that too and we move forward. actually, i'm a very open person. somewhere along the way i stopped being open about this stuff, since people would say putting this out there can't help me as a public figure, also it gave ammo for those bullying me. i don't care anymore, i go back to my original values and just let everything hang out, if i wanna make an emo drivel post so be it, atleast the authenticity is high. you want to bully go ahead, i'll still be posting a reflink. so yeah, every day is exactly the same. i don't enjoy much. i have unlimited freedom but choose to do nothing except gamba/trade and sleep. hope you are doing better. if you have peace in your life, cherish it. now i mean while we are on real talk, indulge me on my birthday while i clarify some shit while i got the floor: 1. i never paid $400k for a phone call, it was a joke that like 1/3 of CT didn't get, and now years later the default assumption by 20% of randos is that i am apocalyptic down bad. 2. the store selling $12 tees was never intended to make money, it was done for the culture. i gave out 2000 tees free in Miami. i was selling tees when i had 9 figs and 6figs+ a month ref link income. it's not an indicator i'm broke. so someone says watch out about inviting this guy to gamba, prob bad credit bc i have a tshirt store. bitch i have better credit than everyone in the club. also many accused me of appropriating and profiteering when it broke even. clown world. 3. i was swatted and wanted it to stop in a high stress situation, not "i can't take a joke" i embarrass myself daily. i never threatened a baby, that's spin by a guy max trolling and wanting to get paid. raj gets a pass, i'm a pariah with a $$$ sponsorship, no benefit of doubt, i'm forced to lie on the ground and wait for it to deescalate. i've learned a lot. 4. me as a countertrade signal is the absolute worst meme. in 2H 2021 i lost my mind to this meme and mid 8 figures as it shook my confidence (well played, CT), but since then have built immunity. at least if i've been wrong then its funny, but i basically hit home runs for a whole fucking year and then i have to hear about how im a counter signal. sometimes this isn't by people having fun, but people legitimately sweating, swearing, crying, or losing their shit at their pnl while spewing shit at me. instead of blaming me, just shut the fuck up and enjoy all the 5x'es i print you. ok now that i've cleared my mind, happy holidays, good luck to your pnls, and hope to see you with the merch in the new year. peace.
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#Bitcoin is going to run to $1,000,000. It's so fucking obvious.
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Since everyone is asking, my net worth went down $47 million today. I hurried home to start selling at 39k, but I made a lot of bad moves, +had a poor execution system. 30h and two involuntary 5m naps later, things stabilized. Airports or something. I'll take one rest day. ❤️
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With act 1 of this cycle done, we're now only at the START of the "banana zone". Right now, prices still seem sane. By the end of this, they will seem COMPLETELY INSANE. It will be absolutely pissing money everywhere, and people will scream "new paradigm". Buckle the fuck up.
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Me Longing At Resistance After Not Longing Support
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Up only.
Couple more liquidations then up only
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by the end of this cycle, anon? yes. you'll finally be able to buy that apartment you wanted. and I'll be able to buy that apartment I wanted. i mean the whole fucking building. then the dj flies in by helicopter, and we get the party started. ape city, bitch.
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look, this event can only be traded once. yet somehow they let us trade it 4 times in a row. the crazy part? mom and pop retail doesn't own a single coin yet. so yeah, i fink we go higher. everyone here should be an ape, all-in on crypto. and lever up too. ape city, bitch.
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The #Bitcoin I own, I held through $5,000. I held through $20,000. I held through $50,000. I could of spent it, but I saved it. Because I believe in a new financial system.
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People ask me, why am I so levered long? Simple reason. After $1m per #Bitcoin, it's all over. So there's only one opportunity to bid into life changing money. No, not my life. I'm giving all my money away. Everyone's life will change. 𝚃𝚑𝚒𝚜 𝚒𝚜 𝚒𝚝.
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Friendtech (FT) isn't the next OF. It's another ponzi shitcoin and you're the exit liquidity into whoever is shilling their bag. People shilling it are grifting, and will walk away clean while you end up poorer and reading a dead chat. The most important reason it fails in the long term is incentive alignment. On OF you need to maintain your subscriber base of recurring revenue. On FT (as it has been done dozens of times over the last 2 years in various crypto ponzis) the money is frontloaded, so once the bulk of the money has been paid, most creators have little incentive to stick around. This is similar to NFTs. FT has two parts - a bonding curve ponzi and a group chat. Like every ponzi before it, a thin veneer of purported value (in this case the group chat) is used to pump a ponzi (the argument that appeals to left-curvers), and then right-curvers get in (because they are first to a ponzi), and now all bagholders have an interest in shilling their bag. Ultimately you pay large transfer taxes (10% each way) for playing the ponzi. It makes sense to play the ponzi if you are one of the first. Any time after is probably -EV as the date of the turkey's death is unknown. The airdrop makes the platform heavily sybiled, so usage stats are now fugazi. Unlike NFTs, bonding curves have immediate sell value, so once it looks like a creator on FT has topped, the game theory is for everyone to immediately cash out and not be last. Creators have reason to create elsewhere where they will be paid, and the payment on FT is mostly frontloaded, so content will mostly dry up. Yes this may mean a rotation of grifter celebrities will show up, but this isn't bullish for anyone but their own bag. --- Q&A round: "Doesn't the group chat of a celebrity have value?" Yes it does, provided they use it. The celebrity is also not incentivized to use it over time, so at some point they mostly drop off. Look how active Irene is in her SOCOL paid group (hint: she's not). Most creators will end up in that situation. "imagine buying Hsaka shares 4 years ago?" This is a fantasy based on being able to receive their ad revenue or other dividend. If that were the case then it's a different ball game. Here you are not buying a "share" of anything, you are playing a pure ponzi, similar to $BALD. Unlike selling shares of yield-bearing products, or subscribing to someone on OF, here no one has incentive to be the last buyer. "Celebrities can use this as a way to give out lifetime access, etc." Yes, or they can just sell this access directly and receive 100% of the revenue. The benefit of the latter is stability. Friendtech shares are hot now, but once they go cold like NFTs, people have a different outlook about the revenue they could receive and therefore the value of the shares. "GCR predicted social tokens so therefore this is the truth" GCR made a prediction during a time of peak over-financialization. But we are now in a bear market which is the opposite. In this setting it is difficult to see how social tokens can do well as it requires demand from people that specifically want to bet on (a person), and then mechanics that make this stable. Relatively speaking, the total market cap for this is very small compared to say, all NFTs, and the timeline is going crazy over 100 shares. Additionally this is confirmation-seeking bias as for example, this prediction was not used to predict the success of say, SOCOL (because well, it never got big.) It is only being used to predict something that is already successful (has traction), and so this is vapid evidence. "I'll give my airdrop to you if you stan me" They can just buy the shares with alts. A self-described 'profit maxi' chose not to. Why? Buddy, you are the exit liquidity. --- At the end of the day, FT shares can go higher, even a heck of a lot higher. Maybe the token goes apeshit once Logan Paul or Gary V joins. Again like NFTs there is almost no limit to people's idiocy and degeneracy. During that peak, there was a lot of delusional views about how this is a massively disruptive, world changing technology. In reality it is just yet another ponzi in the larger caravan of ponzis we've had over the last few years beginning with the ICO era and continuing into defi, nfts, play-to-earn and so on. So this could ride, hell this could ride a lot. But just remember you are playing a ponzi with a clock. It's actually kind of sad to see crypto devolve to this, now people are playing musical chairs with 200 people for 2 eth, and shooting their last $10k into knifefight PVP on-chain ponzis, because well... that's all they have. Anyways, when the tide comes up, like it's done many times before, insiders leave with a bag and laugh at you. Don't make the same mistake thinking you can beat a 20% transfer tax ponzi (10% each way). If you can, great - you don't need my advice. On average, you can't. If you are reading this, you're not an insider, you haven't joined, and your reason for entering is to make money, be careful.
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>Net worth decreases by $30m+ >Mass panic, BTC at $34k "Hmm... I think I'll bid."
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might actually be worth 4 figures soon lmfao that makes me uncomfortable to think about
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You wanna start ballin? You have to b-all-in.
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This is 2020 all over again. Everyone is shellshocked, when you should be massively long. Get 200% long your networth, and let's ride. acb
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If you truly understand crypto, then you need to have — 𝗮𝘁 𝗮 𝗺𝗶𝗻𝗶𝗺𝘂𝗺 — 100% of your net worth in crypto. What's your excuse?
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Replying to @blknoiz06 @donalt
Ansem, cmon man. I get that noone wants to be the bad guy, so there might be some resistance. But here I am - a fucking paid shill! - telling you this now as the voice of reason. The reason he's ratioing you is because he's directionally accurate. You shilled so much, starting with solana, then friendtech, and pretty soon it was just dirt tier solana shitters. You said so and so project was the next big thing, like say only1, that could bring in billions of users, and all this pie in the sky nonsense not commensurate with reality, over and over. And over time people (who are not in the KOL rounds), well, they didn't all make it. Actually, professional pnd'ers extracted every drop, so those buyers are now broke. That's not all on you, but don't piss in a man's pocket and call it rain. And no it didn't matter that you called a top, when you also called a middle, a left, a right, and a bottom. These bullshit theses about "fundamentals" of XYZ project, the smoke clears a month later and someone else is stuck holding a bag. Ever wonder how you collected money in a zero sum system like say, friendtech? So yeah, he gets to shit on you for this one, pushing yet another supposedly world changing proj and then laughing at the highs about how Duck ain't about it and we're going to have iggys butt in literal outer space with two billion retail long her butt along with twenty other celeb coins, and duck hate ya cuz he ain't ya. And look I ain't even about the morality points. So you can fuck up retail however you want. Just don't pretend everything he says is a lie when you, me, duck, and the public has all been here long enough to know. Just my two cents from one "pusher" to another. Ape City.
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Official Petition To Have FTX Foundation Donate $100 To Fix Sam's Mic. One Like = One Signature
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Replying to @0xgaut
capo's bid at $12k finally filled. damn.
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If we all do it, it will send. ✨ ✨ ✨ ✨ ✨ ✨ #Ethereum ✨ ✨ ✨ ✨ ✨ ✨
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I trade with 100% of my net worth. Which at $1B, all goes to charity. If I get liquidated, I lose it all. Some will say this is too much risk. But I walk the tightrope with no harness. That's how I stay sharp, and focus on the goal. Getting liquidated is not in my reality.
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It's never been a better time to be a Solana maximalist. Why? Solana will flip Ethereum.
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So let me get this straight. The most PRO CRYPTO president in history is about to get elected. Wall street is about to pour a few YARDS into ethereum. We've already had the second largest liquidation event in history, so all the chuds are literally BROKE. And you're still bearish. You're STILL bearish. Meanwhile, real Gs were already "all in" minutes after the bullets rang out. Those are the people you want in your dream blunt rotation. Ape city, bitch.
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It's really quite simple. You long Ethereum. That's it. That's the trade. ONE TRADE GANG
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If you're reading this, Get above 100% crypto exposure. Stick to majors. We're going for a ride.
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Candles are red Your face is blue They said up only To sell into you
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BREAKING: WSB has been set to private on Reddit by mods, and banned from Discord for "hate speech".
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$ETH and $SOL will run like crazy. I'm ngmi.
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By now you already know the narrative: memecoin supercycle. How did we get here? Let's walk back a bit. Why do people invest so much in companies that don't pay any dividends? You might say "share buybacks", but that is basically saying "someone else will buy it". What seems so solid - real companies and profits - in some cases become more about memes and narratives than people want to admit. Today you can find stocks that probably trade well above any nuts and bolts value. In memecoin terms, TSLA is almost like an "Elon Coin", and that's why it trades so high. As long as people want to buy, it can remain this way. To make clear the silliness, imagine you own a bunch of real estate that has some valuation, but when packaged together, the package somehow trades at many multiples of that value. It's hard for normies to wrap their head around, but this "meme premium" is from speculators creating their own zero sum game around that asset, hoping to sell it to another speculator. What is happening? Gambling revenues are booming, as people are either getting increasingly desperate or rich. Whether the move is TSLA calls or shitcoin perps, these are essentially additional outlets for gambling. In this case, many on CT are gambling addicts, hoping to catch a 100x by buying into (insert cashgrab solana shitter here). Ponzis have been part of crypto (for better or worse) for a decade, including the ICO era, NFTs, play to earn, and so on. Almost all projects were cash grabs that started with a flimsy premise, created a ponzi/token around it, and sold out like hotcakes. Left curve buyers bought into the premise and right curve buyers bought in because they were first, and the price went up. The arrival of these memecoins, especially the ones with no utility, are the purest expression of the ponzi, as the ponzi is right in your face, the only thing it promises. It's also more efficient than dealing with NFTs or other complicated systems. Another aspect is that liquidity can hide the ball. Shitcoins (and nfts) use low liquidity to meme that your bag is more valuable than it is. If for example a tiny bit of some shitcoin trades at some high price, that doesn't mean the sum of everyone's bag is worth that much, yet most are inclined to believe it. This is a kind of arbitrage on perception vs reality that these assets exploit basically. Anyways, back to today. In everybody's dream outcome, BTC marches to infinity ($100k+), we magically get a lot more retail investors who want to buy your meme coins, and your girlfriend has a girlfriend. And if ETF flows continue (or accelerate), then yeah, that's where we are going. So I recommend staying on the train. But I think there is a middle ground option, and I'm getting prepared for that possibility, where ETF flows taper off. Every indicator is flashing now. OG retail is definitely here, and they are spraying. Influenzas are all shilling cashgrab shitters daily. Funding is 100%apy to long, sometimes much higher on alts. Fast money from BTC appreciation went everywhere, but some places are more leaky than others and people will have to take an L at some point. Also, ETH is still an expensive chain to use for most applications. A ponzi system needs more and more oxygen to breathe, and unless it gets that oxygen from somewhere, it can quickly deflate. To buy memecoins now, you have to think who the last buyers will be. In regards to small cap memes, most of retail will get sucked in by manipulated charts/PA and astroturfed discussions, and their money will get funneled into professional shitcoin producers. Today, Twitter is a battlefield of which KOL can shill which cashgrab shitter memecoin, those posts get boosted by these pirates and you will get slaughtered on chain. Yes, someone extremely determined can win. But if you choose to play on chain as a low info normie, just know that there will be few winners and many losers. To leverage long now, you have to pay obscene funding and fees. It's a completely different bet than spot for this reason. There is a difference between what is likely to happen and what is a bad bet, eg. celtics probably win, but laying 10-1 is a bad bet. And with this much juice, this is where it starts to get into bad bet territory. Also, a lot of gamblers are getting pushed towards more and more leverage which amplifies the possibility of a death wick - that April 2021 kind of wick where I lost $100m in a day. There, bitcoin went from 68k to 40k. Study the run up in 2020-2021, when bigger wicks were increasing in occurrence. Study 2019. Hell, study every year in the book. Today, I think you should stay on the train. Be 100% in spot crypto, mostly majors, and play somewhat defensively, knowing we are in later innings. Don't lose your shirt. These indicators (extremely high funding, extremely bullish sentiment, mania, etc.) can get more extreme, but they always reset in the end. For every gigalong getting liquidated, there is another guy buying that liquidation. Be that guy. This is now a game of survival. Most will not survive. All you have to do to win, is survive. For me, my home run is to grab a giant red wick or two on the path to infinity, and make money both ways. But whichever way the ball goes, I will be a winner. I have never forgotten the value of a dollar, and I never will. Champions adjust. I'll see you at the citadel. Ape City.
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So, @MartinShkreli admits on spaces he was bullshitting, he was the mastermind so all the bets were a bluff, he is engagement farming spaces for LP fees, and the useful idiots have now deleted their tweets. IMO, stop tweeting before someone calls your parole officer. Ape City.
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A lot of people have asked me to do an interview, and so far I have declined every request. However, if/when I get to 50k followers on Twitter, I will do an interview. Thanks to everyone for encouraging me to not be shy about my personal story. 🤝
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Can someone do a quick explainer of #Bitcoin like I’m 5?
780
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1,056
What uses more energy than Bitcoin? Explaining Bitcoin to no coiners.
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1,059
IMO, we are not in a bear market. Everyone wanting 20k btc, 1300 eth, can take a walk. Defi valuations are too high? Don't care. They said that about ghostchains too. This will just chop around - maybe for months - until it finally takes off. I'm not missing this rocket.
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1,068
A nasty nuke. One of many to come on the road to glory. If this is not your first cycle, you've lived through it. You've already come to expect these shocks. If this is your first cycle, know that there will be more nasty nukes like this. This is expected and becomes more probable as pressure builds in the system. The longer it has been since one happened, the more likely. To the experienced trader, these are massive buying opportunities. Because ETF money comes every day in size to dwarf any downturns. Hey, I didn't say everyone would make it. Some of you are already dead. Many of you will not make it, probably blown out on leverage. Leverage trading is hard. Spot holding is hard. Life is hard. But opportunities like this are easy. Every nasty nuke is an easy buy. So yeah, I think I'll bid. And miladypost too, while I'm at it. Ape city, milady.
>Net worth decreases by $30m+ >Mass panic, BTC at $34k "Hmm... I think I'll bid."
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211,808
oh anon, you were short? because it's very simple. winners average winners. champions adjust. and legends lever. ape city, bitch.
36
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1,073
87,438
Solana being a top 5 coin is the most obvious bet ever. Are you going to miss it?
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1,056
This is now the playbook. 1975: Gold goes to 1.2tn, loses 50%, then goes to 5tn. 2021: Bitcoin goes to 1.2tn, loses 50%, then... Elliot Wave Theory Eat Your Heart Out Macro Top 2022 LET'S FUCKING GO Ape World
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1,051
Yeah sex is good, but have you ever 6x longed your net worth into #Bitcoin futures?
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1,035
Hypothetically speaking, you're 30 and you have 500 million dollars. What do you spend it on?
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1,021
Looking for opportunities, must be remote. Resume: math, cs/software, cryptography, trading. Can go into more detail in DMs. Cheers.
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1,017
fwiw @MartinShkreli if you can escrow, i can bet $1m that djt is fake, at even odds. or even more if u want.
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1,077
1,531,240
If you do not hold ETH, you will not be allowed into the citadel.
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1,022
alright, listen up anon. between friendtech, blast points, and ignoring solana, you were probably going to broke this cycle. but then guess what. larry "576-1" fink decided to save your retarded ass, twice. so yeah, i was down on ethereum. but ever since the announcement? uno reverse card, we banged in a long. like, yo ass need to pick up 20 cards long. because champions adjust. ape city, bitch.
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this is like robbing a bank. right now, you take money and put it in your bag as fast as you can. when your stopwatch goes off, every dollar not in your bag stays in the vault. no matter how much money is in front of you, you need to walk right then and there on the signal. that takes discipline. what you'll probably do instead is not be as balls to the wall long as you should of. then as it is getting frothy and everyone is piling in, you'll get fomo for not having gassed it, and be irresponsibly long. by the time the music stops, you won't have exited and will end up giving most of the gains back in shitty high risk low reward longs. i've been there. my first crypto cycle, in november i told myself to exit by march and posted the hash (later the preimage) of the message on Twitter. in mid april I forgot by then, and gave 9 figures back. maybe you walk and it goes up another 20% but it's about r/r. at some point the r/r will not be there to leverage long. walking right away on the signal is the disciplined play. to people in their first cycle, good luck.
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1,076
568,189
Bitcoin will send to $100k by this summer. This will be known as the... 𝐇𝐎𝐓 𝐀𝐏𝐄 𝐒𝐔𝐌𝐌𝐄𝐑
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If we all do it, it will send. 🚀 🚀 🚀 🚀 🚀 🚀 #Bitcoin 🚀 🚀 🚀 🚀 🚀 🚀
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1,011
hello
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1,067
152,548
We are not going to 58. We are going to 88.
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983
next cycle? bet even more
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1,026
292,360
Remember what happened after COVID and Ukraine? Big bounce. Look, all this shit ends with money printing anyways. The theses for holding Bitcoin are more valid that ever. There's only one coin with a direct funnel from wall street. See you at 100k. Ape City, Bitch.
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1,020
93,748
My Ethereum price target is $238,855. I arrived at this price target by googling the distance between the earth and the moon and converting it from miles to dollars.
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"We Call Them Poors"
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1,012
48,920
Great start to my trading year so far. 🥳🎉 But I am also focused on fitness, competitive programming, and getting some sun. Even being obsessed with trading, we have to find a balance. How is your 2021 going? Leave a comment below.
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I wanted to update you guys on my life and story thus far. sha256(b"I announce my retirement in March 2021. My health and business are more important.") Spoiler: No, I'm not retiring. /1
Replying to @AWice
f712e78afcb69fd624f97a4a47b75095f7eae5254200c9a8e96f320b413bfe00
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If you're an asset manager and don't have exposure in Ethereum, you will not be allowed to enter the citadel.
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⚠️WARNING⚠️ Be very careful putting money into fiat. Only put money into USD that you are willing to lose completely. If you prefer wealth, the best safe havens are #Bitcoin and #Ethereum.
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It's time.
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As much as social media has devolved to people just shilling their bag endlessly, let me give my take as someone who has no horse in the race. I agree with WhiteWhale that an event like 10/10 exposed yet again how shitty perpetual futures are. It relies on 24/7 liquidity which can't be promised, and when a dislocation happens, market participants well positioned have incentives to encourage liquidation cascades. You can take the "standard view" that someone like Flood has argued, that everything is working as intended, that orderly liquidations are necessary for the operation and the health of the protocol, and maybe even that the newest generation of people that work at HL that are familiar with market making microstructures and how latency affects HFT and so on, know how to design perp products that are far more efficient. All that is true. However, zooming out, the fact remains that perp, like almost everything else in crypto, has been a massive value extraction on crypto. Wipeouts like 10/10 are not a "design flaw", they are a feature that benefits those buying your liquidation. What makes this source of edge insidious is that it is not well understood by the player. Similar to martingaling - a lot of negative-EV is concentrated on 1% outcomes where you go bust, that are ignored or unknown to the player. This becomes a "don't tap the glass" moment where once most realize how the game works (buy other people's liquidations), they simply seek to position themselves as the casino or advantaged party. But there are other ways for participants to buy and sell delta that don't result in huge liquidation blowups every few months. Again, people have not explored or created these options because it is far more lucrative to simply offer perp to a "mark" who doesn't understand the well-designed carnival game. Back to perp, this is a product that similar to poker sites or casino sites, has so few winners. The PNLs are horrific, literally everyone is losing. In 2021 there were guys with heavy PNLs (myself probably most famously), and for better or worse the concept of being a successful and winning trader at perp, in the way that retail will play (ie. clicking longs on a browser - not farming funding or automated trading) was alive. By 2025, casinos like Binance, even though they desperately want one, can't even find one decent poster boy to look the part of a winning punter. Their best KOL is James Wynn, a blathering, idiotic gambling addict who punts a 40x long on his $10k KOL check to get liquidated for the 50th time while spouting drivel like he is somehow a boss or even relevant. This isn't sour grapes by the way. I've made plenty of money trading, then and post-FTX when I was forced to rebuild. I understand a lot about it. But at this point all of this shit needs to be called out as a giant extraction scheme and needs to go to hell. "CT" and even the broader social media ecosystem is slowly devolving into everyone trying to induce each other to gamble their life savings away. I'm not saying I'm any better. But we are on a road straight to hell.
Replying to @chamath
This degenerate gambler turned a few million in $60 million in a matter of weeks. This guy was 10x leveraged long Solana and was destined to lose his $60mm no matter where he traded. Liquidations in crypto are so aggressive because we give out non recourse leverage, in a traditional brokerage account if you’re levered and your account goes negative schwab comes to collect. In Crypto we don’t allow accounts to go negative, because we’re working on permissionless systems so the liquidation engines need to aggressively protect the protocol. You should spend some time looking into Hyperliquid, it’s the most important company in the world not named OpenAI or Anthropic. You used to speak about how you hate the red tape and barriers to entry that lower income people face when attempting to get into competitive industries like finance, tech etc. Hyperliquid fixed this, because permissionless systems where anyone, anywhere in the world can trade on a level playing field, with no private endpoints or level 4 user data can use their alpha to change the circumstances of their life. True meritocracy. Hyperliquid is also how we PREVENT the next FTX. You don’t have to guess if the platform is solvent or not, it’s auditable by anyone, at any time and there’s no vegan criminal yolo’ing your funds in random venture deals. Open access to financial products and equal democratized access to data are fundamental human rights. I know that my story wouldn’t be possible if I had to wait years and years for series certifications to trade securities. I had alpha and I was able to trade and start accumulating capital because there was no barrier to entry. Spend some time looking into Hyperliquid and you’ll draw the same conclusions I did.
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Damn, My PNL Is Freaky And It's Still Not Full Moon
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My take on Ansem/Cobie etc. Even though Cobie et al. are right that celebrities entering the space are mostly value extractive grifters, I feel for Ansem that he's a punching bag for people's general discontent at the obvious truth: that almost all the crypto projects are value extractive grifts anyways. Tech, no tech, meme, no meme - behind virtually every token is/was a phony narrative and a pnd (pump and dump). Ansem, just like all of us, isn't bound to the virtue-signaled rules that everyone opines about but few can walk (like turning down 7 figs to tweet a casino link. ok, so sue me.) It seems unfair to hit him on doing a space with iggy - it's an impossible standard. Yes it gives iggy a platform, yes people will get hurt, but so what. It's an inefficiency that people will exploit, until there aren't enough desperate suckers zipping their life savings into this shit. Because it's all pnds. However, I agree with the general consensus that Ansem has lost touch with the reality that these are mostly all scams (or he's being willfully ignorant to his benefit). He deserves a bit of pushback for that. Getting 100x'es is a thing of the past, except maybe for the sharpest minds, or the people running the casino. No not every project is some huge gamechanger that will transform society, sometimes its just a fucking pnd. I mean how many pnd's do we have to go through until you figure out, it's all pnds. Listen up. It's all pnds. Pencils down, kid. The answer? It's all pnds. But at the same time, I mean what the hell else is Ansem going to tweet about wrt crypto. And whatever he is tweeting, well... "it's good for the game", to use the poker saying. In this case, the "game" being to find another desperate sucker to buy the coin, nft, option, perp, governance token, presale, ico, points, or whatever else bullshit you dump on them. It's almost an art to convince someone a weekend hackathon project is somehow $1bn on paper. It's all pnds. This is really no judgment against Ansem though. Being the main "talking head" in the space almost necessitates a Jim Cramer-esque demeanor of excitement towards all these coins. Otherwise what else are you going to do, be a monk? It's all pnds. And I'm not saying I'm any better, by the way. We are living in a world of sin, and when players enter the squid game looking for riches, few will win, many will die. So let's not pretend they can all make it by all doing the same shit - almost all of the shit here is a zero or negative sum game. You only win when others lose. In the case of memecoins, they are already highly cabal-controlled and will be "full stack hitlered" at increasingly faster speeds going forward as the meta evolves towards equilibrium. Because yep, you guessed it: it's all pnds. Ape City.
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Alright fuck it. Almost everyone is underweight BTC. Many want goblin town. IMO, we're basically at the bottom. Time to rip it in. Championship SZN
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I don't know who needs to hear this, but we're all going to make it.
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POV: Bitcoin is back to $50,000. What do you do first?
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$ETH and $SOL close to ATH break. Yes, I'm a #DeFi bull. It's happening.
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How is $ADA a top 5 coin still? $SOL
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You get liquidated. Your account goes negative and accrues bad debt. The deposit you made in the moment is used to pay off the bad debt. You are then offered a voucher for KFC if you send a screenshot of the liquidation. Absolute savagery.
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Wait Until America Wakes Up. Bitcoin To Infinity Now. #Bitcoin 🚀
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TFW you lost $100 million dollars on leverage, and were likely to die on a hospital bed, not yet knowing that life is and will become the greatest freeroll of all time.
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