Dr ETH
677 posts




I’m not gunna lie, when I first saw this I thought it was AI. If it’s true, we have a problem.






UPDATE - how has the last 24H affected @RektBrands? basically zero impact. our capital is predominantly in stables/cash and we don't hold any levered positions. i've had calls with all of our MMs today and i'm told there is minimal impact to them and they continue to provide liquidity on $REKT as normal across usual venues. from an individual standpoint, none of our team trade using any material leverage so fortunately no impact for us there. from a personal standpoint, for the last 6 months i've completely stopped trading which has also meant consolidating my holdings to just BTC, ETH and $REKT...the reason being so i can be 100% focused on $REKT, and in times like these it has zero impact on my ability to operate at full speed. i hope any individual, project or company who has been impacted by yesterday is doing ok. i've spent a significant amount of time chatting to people today and i would say don't believe the rumours; about 95% of CT literally has no idea how liquidity and markets work let alone how market makers and CEXs actually operate. i don't see any major fundamental reason for us to drop from here - we had a bad trump headline which caused a big move lower in stocks (clearly a lot of leverage in tradfi too and a lot of algo-driven activity driving stocks lower), and with the big gross bs risk out there in crypto alongside large leverage we saw a classic liquidity cascade in massive size. imo these are usually the dips you will want to buy; but you have to account for a huge uptick in volatility so make sure to have no leverage. if you are down ultra bad...just remember there is more to life than trading...take the day off go outside...take a breather...if you are feeling down then speak to someone...anyone...bad shit happens but we always rebound from it. every single time. you're still in the game, down bad but never dead.



Protect your kids. Cancel Netflix.

















