Something I think many of you should at least take a look at, mirror finance on the mirror protocol.
Earning 70% APR interest rates through their LP pools on AAPL, it’s listed as mAAPL. That’s right free internet money on a rising to stable long term asset. They have many other mirrored securities too
Just dawned on me I had my acronyms backwards on the UST and USDT. I blame too much coffee, but there’s no such thing.
USDT is inferior and UST is the superior anchor protocol. USDT and USDC as @Jrouleau426 said is little antiquated and in the crosshairs of the newer more efficient UST
Lots of cryptocurrency talk here. And now that they have collapsed 50% or more and made back some losses these last few days I’m sure everyone is thinking the worst is behind. Going to be interesting to see where they all head from here. If you were able to grab some coins on the collapse, good for you however don’t be foolish and think it’s straight back up, it’s not. You will be able to buy cryptocurrency again for another huge discount soon. If bitcoin breaks 30k, next support is around 27500 which is easily achievable. So get ready for some big sell offs ahead in cryptocurrency as these huge reversals to the upside will be sold once again.
Trade on fundamentals kids…haha
Not mine, I think it’s from reddit that someone forwarded it me
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each…
The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
In the absence of the man, the assistant told the villagers; “Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.”
The villagers rounded up with all their savings and bought all the monkeys.
They never saw the man nor his assistant, only monkeys everywhere!
Now you have a better understanding of how the cryptocurrency market works.
At least in your parable, you had monkeys to show for it.
But you still have ‘bits’
I can generate hash values from a terminal window, all day, for free. Because they were instantiated by a mythical spirit, and initially used to launder money and buy drugs made by the Sackler family, it demands a premium I’m not willing to pay.
by a show of hands, who here has their life savings tied up in cumrocket???
Put my girlfriends life savings in it, she has no idea. Cumrocket to the Mars
At least my AMC and SPCE calls were absolutely shilling out money today, money printer went brrr all day. This squeeze is going to be nasty for the “smart money”.
Oil, gold, silver, plat, palladium, sugar, corn, wheat. Large cap divi stocks have maintained constant upward trajectory.
Bashing 1000% crypto gains is funny too. You are allowed to sell and you can even buy back and not be subjected to wash sales. It’s been a very very profitable year. I’d hate to be a no coiner that follows the market and only posts on down weeks.
Amc has been a blast. I bought at $10 and sold my nut at 18 but what can you do. It was a nice gain. I’ll be buying back. I love this new market of reditters, super exciting and I’m sure some large funds are gonna be sweating this weekend.
I think koss goes to 30 tomorrow but I don’t have the balls for that. I have some calls but just pocket change.
Hedge fund today was liquidated for $737 million I believe… my numbers may be off.
You really can’t go wrong with some call options, I do both though as holding some shares does my little part but 1300% calls for limited exposure is stupid money lol.
Koss will move on sympathy I agree but I’ll be staying away from it personally, most the steam will easily be on AMC after today too. Going to buy more calls and keep snowballing off it, same for virgin galactic.
It’s fascinating, once I started gambling away from fundamentals it’s been exponential growth for Me to parlay into my commodities. I now know what it feels like to print fiat, it’s addicting. Very bernankesque
Yeah I just bought a nice “moon bag” as the kiddos are calling it, of stormx to stake for 12.5% APR.
Yeah it can be addicting, I still chart and use fundamentals and doji’s but the derivatives market is insane, retail people really just dont know how much money is out there.
Pokemon Cards.
The funny thing is my friends a realtor in Puerto Rico and with act 20 and 22 real estate doubles annually. People think crypto is small potatoes but he has personally sold homes to people that invested 10k and made 3mill+ off it. Tax free
