LATEST: 📉 Bitcoin's fall under $100,000 marked the first time it traded under six figures since May, while Ethereum's fall under $3,300 wiped out its year-to-date gains.
@HyperliquidX we need a way to do recurring buys on spot for btc and other coins over hr/day/week/ etc and within an established price range. BitGet and other platforms have this, theirs is called a “DCA” bot. Would love to set my recurring buys on HL with everything else I do.
@jackmallers Love ya my man, but this has been available for a good while... But it's not real bitcoin it is wrapped. Well if you are taking a loan with a small amount of your stack it doesn't matter. It's not in your possession anyway, and the rates are 3-4x lower to borrow.
@CastilloTrading@IncomeSharks I think it’s also a way of signaling an increase in money supply. Bitcoin trades in large part on the perceived future supply of fiat, the older school thought applies that more towards gold.
TOTALLY AGREE, as an MD, i can testify, is worse than alcohol, besides what you stated, also is the fact, that we dont know how it works, but seems like it works at a mitochondrial level, which is sick, mindblowing and scary.
I slows dont the Krebs cycle to create ATP the basic fundamental energy of the body, and seems irreversible, makes people literraly unable to produce energy in their cells.
That why i have a joke, where it says: all my high friends from highschool are poor, and all my alcoholic friends are rich.
I think marijuana is the most insidious of drugs. It is legal in many states, is socially acceptable to many and is relatively easy for kids to hide, access and consume (vape, gummies etc).
But the science is beginning to tell a very ugly story.
We should have never legalized it. But now that it is, I hope we do something to mandate standard toxicity and concentration labeling at a minimum. This stuff is turning a plurality of our kids into zombies.
scientificamerican.com/article/the-li…
@punk9059@unitxyz IBIT has an expense ratio of 25 basis pts (0.25%) $210 is the cost to buy and hold IBIT per btc @ 84,000. And that expense ratio is per annum.
@BobLoukas I think theoretically it could. Trump could hole out from the fairway on the 17th and as a result call off the tarrifs above 10% or make deals. Is it to be expected? No. But headline “Xi, and the Don trip acid, negotiatiate tarrif deal”, would probably give you a big reversal
4 billion dollars in retail trading bought the dip Thursday, people panic sold Friday, and many opened shorts or moved to cash to prepare for a Black Monday that didn't come. And social media and the media was all in agreement the whole way. If you want to "lock in" log off media
Some of you will appreciate the irony that CZ and Star are cooperating to gang up on @HyperliquidX . You gotta know ur crypto history to get the joke. There is nothing more that humans like than to support an underdog vs. a perceived unstoppable opponent. $HYPE for the win!
@IncomeSharks Def overvalued on this one, but you know generally can't it be a mix of both? Overvalued stocks are ushered down faster when uncertainty hits -- i.e. tarrifs, or whatever else.
$PLTR - Let me guess it dropped because of tariffs too. Not because it was trading at 300x trailing earnings and 220x projected FY’25 earnings, trading at a massive 75x forward sales with over a 600 P/E. There's no way it was just over valued and needed to correct.
1) A Valuation of Hyperliquid
Key takeaways from my latest Messari report
My updated valuation outlook on the $HYPE token places it at a $13B FDV, with the potential to rerate higher than $30B in the right market conditions.
Let's dive in:
🧵👇
@IncomeSharks A secondary hard lesson, is when you did take the profits at the right time, are sitting on a pile of cash, is to be patient and not jump at the first few dips down. Doing nothing is hard sometimes.
Sell when your portfolio reaches your target, not when you think the market has topped. Trying to sell the exact top is how you become a bag holder on the way down.
@JeffBezos "We are going to be writing every day in support and defense of two pillars: personal liberties and free markets."
This is actually one pillar.
I shared this note with the Washington Post team this morning:
I’m writing to let you know about a change coming to our opinion pages.
We are going to be writing every day in support and defense of two pillars: personal liberties and free markets. We’ll cover other topics too of course, but viewpoints opposing those pillars will be left to be published by others.
There was a time when a newspaper, especially one that was a local monopoly, might have seen it as a service to bring to the reader’s doorstep every morning a broad-based opinion section that sought to cover all views. Today, the internet does that job.
I am of America and for America, and proud to be so. Our country did not get here by being typical. And a big part of America’s success has been freedom in the economic realm and everywhere else. Freedom is ethical — it minimizes coercion — and practical — it drives creativity, invention, and prosperity.
I offered David Shipley, whom I greatly admire, the opportunity to lead this new chapter. I suggested to him that if the answer wasn’t “hell yes,” then it had to be “no.” After careful consideration, David decided to step away. This is a significant shift, it won’t be easy, and it will require 100% commitment — I respect his decision. We’ll be searching for a new Opinion Editor to own this new direction.
I’m confident that free markets and personal liberties are right for America. I also believe these viewpoints are underserved in the current market of ideas and news opinion. I’m excited for us together to fill that void.
Jeff
@StealthQE4 What state do you live in to think 7K a month after taxes at 200k is 10K+ a mo -5% to 401K - 190K taxable Put 20% down which is normal, get an interest rate of 6%, no PMI add insurance , looking at around 5200-5300. Still not doable on 200K salary really, but much different
If you’re making $200,000 a year you’re taking home about $7,000 a month after 401k contributions and taxes.
So your whole check would be consumed by just the mortgage payment so it’s not doable
The median income in the US is 80k.
Where are the buyers going to come from?
So let’s do some basic math.
I know people that bought a house 6 years ago for $350k and are being told it’s now worth $1.2 million.
Let’s just say you wanted to buy a house for $1,000,000 with 10% down(being realistic)
Your payment would be $7194 a month……
@RaoulGMI I feel like when people post this, they are mostly talking to themselves, or really need to not take CT as a real demographic of BTC investors.
You guys all need to learn patience...
This was 2017. Very similar macro structure:
5 x 28%+ pullbacks in BTC
Most lasted 2 to 3 months before a new high
Alts saw 65% corrections.
All were noise.
Go do something else more constructive than stare at the screen.
My thought on $BTC going forward, along with some important levels to keep eyes on.
Important to understand just how strong #Bitcoin has been throughout the meme madness.
youtube.com/shorts/dhSwAGJ…
The only time you ever see CT tweet alt season is when alts have already gone up a lot
Why is it I never see alt season calls when the market just full blown capitulates like a couple days ago?
Much more likely that's the start of the alt season but no one tweets it