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Thread: Bitcoins are officially donkdown

  1. #8561
    Platinum FRANKRIZZO's Avatar
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    Holly shit!!!! I haven't checked since around October it was 75 k then, really amazing at 125k.

  2. #8562
    Diamond Tellafriend's Avatar
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    Quote Originally Posted by sonatine View Post
    SEC Chair: SEC announces launch of project crypto initiative to modernize securities rules and move markets on-chain.


    do you see a long term play here?

     
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      The Boz: Looking to fade the clown that started this thread?

  3. #8563
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Tellafriend View Post
    Quote Originally Posted by sonatine View Post
    SEC Chair: SEC announces launch of project crypto initiative to modernize securities rules and move markets on-chain.


    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.

     
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      Tellafriend: way, way above my pay grade.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  4. #8564
    Plutonium sonatine's Avatar
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    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.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  5. #8565
    Plutonium sonatine's Avatar
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    or sell shovels; start a dex. ill bet you there will be gov subsidies for it sooner than later.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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