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SirappCrypto 🧪🐄⚛️🐄⚛️🐄🧪
542 posts

SirappCrypto 🧪🐄⚛️🐄⚛️🐄🧪
@SirappC
Cosmonaut pleb. Farmer. Any day you're sowing seed is a good day.
Web 3.0 Beigetreten Haziran 2021
428 Folgt7 Follower

@JonFlynnREstats ummmmm....perhaps you need a lesson in converting digital assets.
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@SteveSaretsky @alex_shiff 200lbs overweight with 50% body fat. Canada is ready for a marathon .
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@rossiadam If you can afford it go for it. Many will not have the same choice as you. For them, the choice is simple. Price wins.
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@rossiadam BTC miners in Q4 if it cycles again. BTC miners are like rocket fuel when it's ripping. Dogsh1t any other time.
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@BTCsessions @TeamYouTube @YouTube @YouTubeCreators Pretty gross. Sorry to hear. Great videos. Shame on Google......I guess that whole don't be evil thing is in the distant past. They probably trained Gemini on your vids.
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The official @TeamYouTube @YouTube @YouTubeCreators explanation for the removal of 9 years of in depth tutorial content that has been consumed by 16 million people.

BTC Sessions 😎@BTCsessions
YOUTUBE JUST BANNED ME. THANKS @TeamYouTube, I was only working on that for 9 years.
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@TheoFleury14 If you don't understand #BTC, now is the time to learn. You savings in Canadian dollar terms are cooked.
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@JonFlynnREstats Good list. I'd replace at least one though and it should be top of list. Gooberment. Terrible policies. Immigration for one. Two, Canada is the 2nd largest country by land mass, it's not just a housing issues. It's a land issue. Builders got gooberment in their pockets.
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@rossiadam How you continually contextualize your life experience and offer it on this platform is admirable. TY 🙏
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LIQUIDITY.
It is becoming more and more important to me.
I am seeing WAY too many people tie up their money in deals that lack liquidity. They are locking up their money for a decade or more.
I know people that "made it" with a big exit and are now worried on a DAILY basis because they have a high net worth on paper but can't come up with the money they need for normal purchases, or to pay taxes.
One of my friends locked all of his money up in very illiquid real estate (an island property) and says he often wakes up and throws up into a trash can due to stress.
From most liquid to least liquid assets we have:
• cash and bank deposits
• money market and t-bills
• crypto
• public stocks and etfs
• bonds
• precious metals
• collectables, jewelry, vehicles, etc.
• hedge funds, funds-of-funds
• real estate
• private credit, direct lending funds
• private equity
• operating businesses
• intellectual property
The way this is supposed to work is that as you go down the list and get less liquid, you should be earning a higher rate of return to compensate for the lack of liquidity (called the "illiquidity premium").
Many "private deals" (private equity, private debt) were advertised as being 10 year funds that would aim for liquidity in year 5 or 7. That was happening during the era of zero interest rates (ZIRP). PE was kicking ass. Money was dirt cheap, operators could buy a business and strip out expenses, pile on some debt, roll them up, and exit them to the next larger PE fund or take them public. Great returns and good-enough liquidity.
Those days are over. Interest rates are up, and the PE playbook is much harder to execute. Deals are regularly getting extended past the ten year mark (did you read the fine print on the option years?). Many limited partners who are in a cash crunch are now doing secondary deals where they sell their interest at 40% valuation just to get the cash they need to pay their bills.
And that is if they are lucky. If they can find ANY buyer for their private interest.
Its not just PE deals. Its the money you loan your cousin for his restaurant. Its the AirBnB you invest in. Its the angel investment you make in a startup. Its the HVAC business you acquired with the intention of improving operations and marketing and then flipping.
Not only are many of these deals locking up your money for an indeterminate amount of time, but the returns are often nowhere CLOSE to compensating you for the illiquidity premium.
There is another factor here beyond the liquidity and return parameters. It is the STRESS FACTOR. You worked so hard for this money, and now its locked up and you have an unexpected expense.
If the thought of locking your money up for a decade with little visibility into its performance causes you stress, learn this simple trick:
Say "no".
Or, if appropriate, say "FUCK NO!".

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@Alex47964382 @LeighStewy Ummmmm....your government brought these people here.
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@LeighStewy Too many Indians, I don't think they are tourist but illegal immigrants that got in using a loop hole.
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@PeterMcCormack new ATH coming for #BTC in moose back terms.
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On Fox News @kevinolearytv gave HORRIBLE advice regarding Bitcoin custody - advising people to entrust their wealth to a centralized exchange. DO NOT DO THIS. Remember this guy went to bat for FTX... and we saw how that panned out.
Check out the thread to see how to be better.
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@BTCsessions Common Sessions. Don't zoom out like that. You're killing my shitcoin vibes.
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@steubens7 @ghidraninja Right, which goes back to the engineering. It's all by design, but a PITA.
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@SirappC @ghidraninja you can repair it, but the labor eclipses the cost of the module very quickly
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The builders are building! @WonderFi is expanding their on-chain offering with a Layer-2 Blockchain and Wallet on ZKsync's Elastic Network, through their innovation arm #WonderFiLabs.
I believe the future is on-chain & with this news WonderFi is well-positioned to continue scaling as a global crypto leader.
ZKsync@zksync
1/ 1.7M users, $2.1B in client assets under custody: @WonderFi, Canada’s largest regulated crypto platform, is launching a ZK Chain & wallet on ZKsync. Scaling on-chain finance with gasless transactions, an intuitive user experience, and seamless UX & institutional-grade security. TradFi meets Web3. A thread:
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