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Sensei
56K posts
I still support them but that doesnt mean I have to agreed with every decision they make.
The only thing im sure is that 120M FDV for this product is just ridiculous, considering what they are building. R:R here is too good to be ignored and my VIP status thanks to MadLads will always make Backpack the first option for trading for me, as its the cheapest place to trade crypto and stocks and commodities soon. And on top of that im earning close to 5% in my stables.
I mean I get that many people got disappointed with the airdrop but the product is good and it only needs more time
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Yeah, I remember reading that, and you were one of the few people who actually tried to slow things down a bit and pointed out the issues — especially the way MadLads holders were treated and the whole VIP situation. What I still don’t understand is the unconditional support some people still give this company despite all the neglect and lack of transparency from them.
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Crypto is moving toward regulation, and its inevitable. @armaniferrante already knew this, which is why he chose that path for @Backpack.
I know its not the easy path; you need a lot of permits and licenses that take time and dont depend on you, but on regulatory corporations.
Little by little, people are realizing the importance of regulation in crypto for it to finally be adopted globally, which is why its so important that a project like Backpack had this vision some time ago.
Its too early to write Backpack off, and I believe that time will finally reward those who were patient.
🐧@Pentosh1
$HYPE is +50% since the regulation fud, and a lot of the buyers were tradfi or at an institutional level since then as we saw with the ETF flows. That is a fact Regulation is an inevitability. The odds of it occurring are 99.99999%. And that's okay. When it comes in the next 6-12 months, there will be short term panic again sure. The coins will shift hands to these same buyers imo. I don't think there will be any enforcement action that is negative in the way we saw it with Binance/Bitmex. Bc Jeff is taking action now by being proactive. Where as Binance was more, do something and ask for forgiveness later. But the most likely outcome is that there will be front end kyc. It's something that will just have to be accepted.
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Maybe you didnt see my article after TGE and my posts in Discord about some things they should change x.com/SenseiSOL/stat…
I support them mostly in public and talk with the team from time to time in private to try to make things a little better. There is no point on spreading nonsense fud when I already know how hard they are working.
Most of the problems are not even under their own control
Sensei@SenseiSOL
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Even considering the rewards generated by the hopium they fed the CT with those refs? I don’t believe in fairy tales, and nobody does anything for free or out of pure goodwill. If it was really about supporting the project, why not pressure the people responsible for actual information instead of selling fantasies and empty talk? Just like some OGs did before getting pushed aside.
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@Petrus3B @ChewieWins @armaniferrante @Backpack My average price is higher than current prices, so im in losses for now, but also this
x.com/SenseiSOL/stat…
Sensei@SenseiSOL
Same here. I don’t work for @MadLads. I don’t work for @Backpack. I haven’t received a single dollar for my posts. I just fell in love with the project as soon as I knew their intentions. First rule: love what you do, even if its for free, and I love bullposting about Backpack.
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@SenseiSOL @armaniferrante @Backpack Current BP price a bargain for those with long term vision and conviction
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GN CT 🚀
Mad Vinny ur favorite MM & exit liqudity.
Ty for ur attention to this matter - spreads at @Backpack really matter. 😎🫳🎤
Fock it.
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@KgnCnKhrmn @armaniferrante @Backpack They are working with the resources they have. Aside from that, there isnt much that can be done on the bureaucratic side to speed things up...
I think Armani is the first to want a fully developed product with a volume 10 times greater than it is now
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I have a feeling the next few months of @Backpack are going to be… interesting.
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the beauty of LP
> open position
> sol nukes to $81 within hours
> everyone calling for market to fall apart
> iran deal rumors come in
> we retrace
> earning fees along the way
gud fee tek
molu@molusol
The last trade I had, we accumulated ~$1.7K fees with a 50% APY and 9% PNL in 2 months. This time we open a new trade: SOL - USDC I set my range between the last month's highs and lows. What do you think? Do we print?
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This ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 short was a generational short but man $HYPE is so strong that you never know what will happen with these beta plays.
Sensei@SenseiSOL
Im sorry but I had to ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2
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Just keeping an eye on this bitcoin:native weekly close:
> If we close below ~$75k, we are probably fucked.
> If we close above ~$77k, then we should be bullish again.
Now its time to do nothing, dont pay much attention to weekend moves and charge your energies for the upcoming week.
My solana:So11111111111111111111111111111111111111112 bag was protected at entry price so I just recovered my USDC.
For now I only have some hyperliquid:native in a pool at ~$51-$59 range.
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@SolanaCoach @Backpack Nice results my man, you are becoming a great trader 🫡
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I've been trading for 14 months.
I started with @Backpack and I never stopped.
It became a new income.
I've invested time to learn.
And what you learn can never be taken away from you.
Backpack is a great product that has allowed me to invest in myself.
I've already won.
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