Joel
973 posts

Joel
@akng1985
“it's ok for the rich to get richer, but it's better for the poor to get richer too” team at https://t.co/TBkYljQbQv & https://t.co/F67ZBGZEaN
Nevada, USA Katılım Nisan 2008
4.7K Takip Edilen778 Takipçiler
Joel retweetledi

aster shorts paying 1000% apr to longs on hyperliquid. same position on bybit longs pay shorts 1.5% daily. $7.5m whale already running this arbitrage with 3x leverage. 450% annualized on a delta neutral position. cz backing a dex that prints money for market makers through broken funding rates
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No one is going to care about this post because it's based on facts but I'll post anyway:
People SCREAMING because Bitcoin is down only while stocks are up/sideways are simply not looking at a timeframe bigger than 5 days.
Since November 1st:
S&P500 = +4.5%
QQQ = +6.5%
BITCOIN = +31%
Bitcoin generally outperforms stocks by a factor of 3, but since November 1st it has outperformed ~5X the Nasdaq and ~7X the S&P500.
This is an amazing performance from $BTC and this correction is pretty standard compared to other cycles - totally different story if you want to talk about altcoins though.
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FOMC summary
No balance sheet pivot
- fed still selling assets. money printer not injective liquidity yet.
25 bps cut
- as expected
Powell shifts to signal slow rate cuts in 2025
- short term panic today due to uninformed investors
- long term bullish: we need slower rate cuts to signal delayed recession. Fast cuts are bad.
- inflation will still be high, which is good for risk on assets
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this kind of market environment is exactly what we've all spent the past ~3 years waiting for;
and whilst it will happen again, due to the nature of markets (and human greed), it's infrequent, so you have to make the most out of it
"making the most out of it" refers to: think bigger, refine your edge, allow winners to run, have cash to buy sharp dips, etc.
it doesn't mean 'become a degenerate'.
you need to 'make the most out of this market', because it's incredibly fruitful, and most of your success (or failure) will be determined by how well you navigate THIS environment;
so consider it a fresh start if you were able to find reasons to complain about "worst bull market ever" just a few months ago - now's your chance to compensate with what really matters.
but if you've been winning, I imagine all it means is you will just win harder.
80/20 rule.
this regime only occurs about 20% of the time you spend trading markets, yet it is responsible for ~80% of the wealth you manage to extract from the market
truly a blessed experience. a luxury.
now hear this:
a manic market is incredibly forgiving: there will be degens that get away with degening for a very long time, there will be trench traders that consider themselves geniuses due to catching a few gems in a row, there will be 'topblasters' that get away with market-buying tops
but make no mistake, the end result is always the same.
the worst thing you can do in a bullmarket is convince yourself of your own genius...
but that's an overstated and generic thought;
more realistically,
the worst thing you can do is convince yourself that the current regime is the only regime. i.e. "dips are a thing of the past" or anything similar;
because when we allow ourselves to get complacent, we begin overlooking the bad habits being applied, and instead assume that the market will always be just as forgiving - but that's naïve
markets are dynamic; ever-changing
mindsets are static; consistent results
> "losers average losers"
if you approach the market with losing strategy, even in a market environment where it works for a good while, know that the end result is preordained - you will live the same experience as every cycle participant before you, giving everything back and then some.
so how do we combat this?
the key is to never lose 'sense-of-self'.
don't forget the same principles and practices that allowed you to survive up until this point.
don't succumb to greed, or envy.
don't bite the forbidden fruit and become a degenerate, even for a second;
because the scary part is, it might just work.
due to the nature of this market being incredibly forgiving in times like now, that means the only way you fuck up is due to your own stupidity
and if you think back on every "bad decision" you've made, you knew it was a bad decision before you even did it
yet you decided to do it anyways.
Goodluck.

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Joel retweetledi
Joel retweetledi

Dear @heyibinance and @cz_binance,
From the outside it appears that @binance has turned into a "pump and dump" engine that is knowingly harming retail investors and creating an unhealthy memecoin market for its own benefit
Both $ACT and $PNUT which just received spot listings on your exchange were low cap tokens with poor distributions that have now increased tremendously in value despite being "dead" just hours ago
We can only assume that Binance is specifically targeting low cap "dead" memecoins that are controlled by a small number of insiders because these are the ones that are able to pay the largest percentage of the supply as the listing fee which Binance then "dumps" to generate revenue
If true this behavior incentivizes new memecoins to have unfair launches that line the pockets of insiders like VCs, CEXs, KOLs, and market makers who all participate in an engine of "pumping" and then "dumping" or "rugging" the memecoin
I hereby issue a petition for Binance to make the following changes to its memecoin listing process:
1. Publicly disclose the terms of the listing fee that was paid
2. If part of the listing fee was paid in tokens share the schedule in which they will be dumped
3. Prioritize listing organic, bottom up, decentralized, community driven memecoins with healthy distributions (for example $DOG)
✏️ Repost to sign this petition
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@gumsays @t3nnisstar They are all in “panic mode”
Panic mode sent detect sarcasm 🤣🤣🤣
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@CryptoTony__ i don't know why people are so entitled here.
"bro what happened to"
"what about $SSS no update?"
bruuhhh
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Joel retweetledi

We wish to inform the hacker that we have contacted you (etherscan.io/tx/0x893b4d19b……) to open a dialogue and offer a 10% bounty.
Drop us a message anonymously or through appropriate channels to talk.
Minterest is committed to resolving the issue amicably otherwise, we will pursue legal action.
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This is not accurate. People who held btc will get around a 16.7% payout. They have already paid out the cash amounts, I received mine last month.
Btc balances at bankruptcy were 850k, and they have 142k btc now which will be paid out, $8.5B.
I have a payout of 0.19 btc, which is 16.7% of my balance at the time of the bankruptcy.
Also reports this has started are false, this mornings notice related to the cash payouts they paid last month.
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Confirmed true by @Reuters
Under Japanese Law aka like FTX, Mt Gox creditors will get $483 per Bitcoin in Bitcoin. Thats 0.008 $BTC per $BTC held at the time. The $9b becomes only $72 million paid to customers.
Thoughts: Now will the exchange, the attorneys, the government of Japan, keep the remaining Bitcoin? Will this save the Yen?
reuters.com/investigates/s…

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Joel retweetledi

@martypartymusic @Reuters Japan is pro Crypto and given their situation - the smartest move they have ever made would be to do opposite of Germany and hold the bitcoin
Selling it wont made a dent in their problems
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$BTC is at 61k.
I said the correction is NOT over.
I was right.
I said the bottom is NOT in at 64k.
I was right.
I said EVERYTHING WILL NUKE.
I was right.
For multiple months I get comments, attacks and hate
Because I'm simply one of the few telling you how this market really works.
Next call I'll make will mark the local bottom.
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