ETH rules everything around me, S.C.A.L.E. get the money
Joined July 2018
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Kthunder retweeted
BREAKING: South Korea’s KOSPI collapses -9%, triggering a trading halt, after opening for the first time since today’s US market decline.
The index is now down -47% from its record high.
Kthunder retweeted
Update following the Binance incident:
All markets are now unfrozen across Aave V3 and V4.
They were frozen as a precaution after initial reports, which paused new deposits and borrows while withdrawals and repayments continued as normal.
Aave contracts were unaffected by the incident and positions remained fully collateralized.
It's all over bro, dump it
BREAKING: World's largest crypto exchange Binance hacked with over $5.6 billion stolen:
• $1.45 billion $BTC
• $875 million $ETH
• $234 million $TRX
• $50 million $XAUT
• $1.57 billion $USDT
• $823 million $USDC
• $75 million $WBETH
• $88.5 million $RLUSD
+ $447.5 million additional cryptocurrencies
This is the largest hack in crypto history.
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This could have been you @SoulBound but you chose to rug!
Our bros at Cambria may have been divinely blessed with this timing. ETH candling up, bear bottom in, they TGE in Sept, ppl wanna buy the new cult coin (that's rightly NOT a game currency)..
Best thing is all the charlatan & tourist teams have been flushed outta gaming.
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Kthunder retweeted
4 cycles ago, the narrative was Bitcoin as a SoV
3 cycles ago, the narrative was programmable Ethereum and ICOs
2 cycles ago, the narrative was rudimentary DeFi and NFTs
last cycle, the narrative was memecoins
this cycle, the narrative looks like it'll be the entire financial system coming onchain to settle 24/7 across borders
it sorta makes you think the fireworks we see this time could be FAR bigger than most people (who have been repeatedly and cyclically destroyed in the trenches and have mostly capitulated their bags) can even imagine
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Smart trader pension-usdt.eth, who once made $49M and had a 23-win streak, has been liquidated!
His entire 50,000 $ETH ($106M) short was fully liquidated, resulting in a $23.9M loss.
xitter.cf/lookonchain/status/206…
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💎👐
i want to be bullish, but so is literally my entire TL
we're all exhausted AF i think
and while i hope for a move up like all of you/them
the way you end up not getting turbo fucked in the middle of a hell bear (which reasonably could still go lower)
is by staying comfy in spot, not using leverage, and not being too overexposed to garbage
do not allow yourself to be forced to sell your coins at or near the bottom
i repeat: do not allow yourself to be forced to sell your coins at or near the bottom. you've survived through too much for that at this point
i'll say i'm personally pretty much done with DCA at this point thanks to cheap entries the market gave me on ETH, and have one final tranche of cash which i'll only deploy if we set or retest significant lows in Q4. otherwise, i'm fully allocated and i can afford to go down with the ship (again)
but now please, someone pump it instead 🙏
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Kthunder retweeted
i want to be bullish, but so is literally my entire TL
we're all exhausted AF i think
and while i hope for a move up like all of you/them
the way you end up not getting turbo fucked in the middle of a hell bear (which reasonably could still go lower)
is by staying comfy in spot, not using leverage, and not being too overexposed to garbage
do not allow yourself to be forced to sell your coins at or near the bottom
i repeat: do not allow yourself to be forced to sell your coins at or near the bottom. you've survived through too much for that at this point
i'll say i'm personally pretty much done with DCA at this point thanks to cheap entries the market gave me on ETH, and have one final tranche of cash which i'll only deploy if we set or retest significant lows in Q4. otherwise, i'm fully allocated and i can afford to go down with the ship (again)
but now please, someone pump it instead 🙏
Kthunder retweeted
I cant believe I'm the one who has to tell you ETH appears to be money on RH chain right now
its the base pair for trading, the highest volume asset, and the gas token to pay for blockspace
It also burns ETH on L1 to pay data storage fees
Kthunder retweeted
BREAKING: Bitcoin falls below $62,000 after MicroStrategy, $MSTR, announces it has sold has sold $216 million worth of Bitcoin “to fund dividends.”
Kthunder retweeted
I got super lucky as a VC in Solana’s early rounds and then went degenerately into every shit scam that SBF told me he was going to pump
We were up gorillions and every billionaire in the world was calling me and SBF every day to try and get into the ecosystem cabal
Then SBF went to jail and I eventually crashed out as most of our LPs tried to exit via secondaries in the fund at a huge discount just to avoid getting zeroed
After that I nailed the perps thesis intellectually but proved I suck at asset selection by backing Drift, which got continually exploited and rugged, after also backing Alon at TGE and getting rugged
Then I started a DAT and we absolutely bazookad our whole treasury into SOL at the picotop, it hasn’t gone up once since we deployed
Then I got kicked out of my fund and they started buying Hype in my absence and are already up more than I am cumulatively on all my deals from this current cycle
Oh wait, that is wasn’t me, his name was Kyle Salami
Kthunder retweeted
the problem is at some point crypto people started selling the vision of crypto as a get rich quick tech because there was a cohort which came in and that is all they cared about
and completely stopped talking about it as being credibly neutral and censorship-resistant money and infrastructure
you are wrong if you think the natural market does not exist for the latter (it will only grow from here given the state of the world), but “selling” this requires education and consistent messaging
we used to have that. we don’t anymore. now, we have memecoins
on that, the entire crypto industry has catastrophically failed
Kthunder retweeted
The Ethereum not ETH stuff is the mental fallacy that triggered me into writing and podcasting in the first place.
There is no strong Ethereum without an ETH worth trillions. Without ETH as a global store of value, Ethereum is a failed project. Full stop.
ETH is economic bandwidth for DeFi. It is the only asset maximized for CROPs, fail at high value ETH, fail at CROPs, fail at Ethereum.
Saying you’re bullish Ethereum not ETH is like saying you’re bullish America not the American economy. They are one and the same - economic engines.
Better to admit Ethereum is a failed project than “Ethereum not ETH”.
So spew that weak blockchain not crypto stuff out of your mouth, it doesn’t make sense for BTC, ZEC, ETH, or any truly crypto native project.