Bernhard 'Fractal Markets' Mueller

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A real degen doesn't lift a finger for 100% annualized ROI. 100% *daily* ROI is where it gets interesting. Also because most assets don't survive for a whole year (1 #DeFI year is like 10 IRL years)
My #DeFi strategy since Q2: 45% $USDC, 50% $BUSD, 5% $DAI, liquidity mining @AaveAave, @SushiSwap on @0xPolygon, @CurveFinance + @compoundfinance and USD margin lending on FTX. Beats inflation at minimal risk (in crypto terms, getting rekt is possible ofc).
Every crypto holder wants to increase their net worth (in USD) by at least 2x but hopefully more. Does anybody disagree with this statement?
Ok here's how the Poly Network hack actually worked. If I'm reading the contracts correctly, it's pretty genius.
Retweeted by Bernhard 'Fractal Markets' Mueller
Stop constantly changing your sentiment based on short-term price action guys. It doesn't matter. You sold the top at $60k $BTC? Congrats, now sit back and chill until regulators have cracked down on @Tether_to and offshore exchanges. There will be a time to buy back but not now.
I just published Rage of the machine: An AI* makes metal music link.medium.com/lGeKFpKpyib
Fatal flaws in a bot, a sort of on-chain virus, a trojan horse token, and arbitrage gone wrong Join me in looking at the latest MEV bot exploit in this thread 👇🏻
Retweeted by Bernhard 'Fractal Markets' Mueller
$USDT currency -> $USDT currency *pairs*
This is true. As long as $USDT-denominated futures and $USDT currency are instrumental in determining prices, and $USDT represents most dollar liquidity on CEXes, it is impossible to make sensible long-term investments in crypto assets. The market failed to self-regulate. twitter.com/Bitfinexed/sta…
But these days even the most modest critique of cryptocurrency will draw smears from the powerful figures in control of the industry and the ire of retail investors who they’ve sold the false promise of one day being a fellow billionaire. Good-faith debate is near impossible.
Retweeted by Bernhard 'Fractal Markets' Mueller
EleutherAI is a collective of AI researchers working on a bunch of large-scale open-source models and adjacent research. Check out their year-one retrospective 🔥twitter.com/NPCollapse/sta…d
I think there's a high probability that we see another large leg down this month ahead of $GBTC unlocks and Q2 earnings reports. P.s. I love crypto, will buy back when the bubble has deflated & scammers are gone♥️
So, knowing the $GBTC release dates doesn't help us to time the market. But it's an example of the feedback loops we see everywhere in the market and as long as $GBTC keeps releasing more shares at a discount to NAV we're likely at the tail end of the bubble. 4/4
The only question is how much of it is already priced-in. For example, if lots of people were hedging against the dump by selling $BTC futures this could already be reflected in spot prices (i.e. #Bitcoin is already worth less now due to the upcoming dumps). 3/n
I know what everybody will say now! "This has no effect on #Bitcoin price because [x]". But, you see, these are effectively 10,000s of discounted $BTC entering the market (wrapped in $GTBC shares). There's no possible way this doesn't cause downward pressure on $BTC price... 2/n
Pay close attention. The same legos that drove up prices in the first place are now accelerating the crash as assets get unlocked into an already dwindling market. Over-leveraged players might feel forced to front-run $GBTC holders. coindesk.com/grayscale-unlo… 1/n
I couldn't summarize the current state of the crypto markets any better. So long @DegenSpartan
Toxic maximalism is a symptom of mob mentality. It's not something to be proud of.
Market transparency is an under-appreciated killer feature of #DeFi. Opaque, unregulated players are a main cause of systemic risk in the crypto markets. #DeFi (partially) solves this.
Outflows from crypto funds, heavy $GBTC discount, the only thing that's growing is @MicroStrategy leverage... still the same "bubble fizzling out" situation that started in Q1. coinshares.com/research/digit…
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