durial

let me give a proper explanation on how this shit works because seeing a lot of fake news when you see these insane candles happening on random tokens like LAB, RAVE, Momentum etc it’s because of a group of people do what is called “active market making” almost all of these “active market makers” are based in China/Asia. many claim to be able to achieve results like RAVE and LAB but few can actually properly deliver typically these AMMs will either approach projects prior to launch or after launch (if certain conditions can be met). but scammy projects also look to approach them the deal is usually that the AMM will put up the capital needed to push the token to the insane highs you see, and in return for the project letting the AMM “crime” their token they split whatever the profits are once the crime is complete so how does the crime work and how do the people involve profit? the first thing you’ll notice is that all these tokens have perp listings (usually binance perps) but very few spot listings this is intentional. the first major requirement for this crime to happen is absolute control of the spot supply of the token by that I mean the team/insiders need to control basically the entirety of the float. RaveDAO for instance, insiders were estimated to control over 98% of the spot supply this is vital because spot supply that isn’t controlled by insiders can be sold into the spot price being driven up by perps. to help prevent this is another reason why tokens with basically no spot listings or liquidity are chosen. if there is a lot of spot supply ready to be dumped on the AMM then it could bankrupt them, meaning the crime has failed as it is their capital at risk, AMMs are even asking projects to put them on all the multisigs for the token supply, to ensure that nothing can be dumped while the crime is happening so once supply is completely controlled then what? these AMMs don’t just commit the crime from one or two binance accounts. the accounts would likely be frozen instantly. instead they have 1000s of KYC’d accounts which operate in unison to drive the perp price up because no one has supply to sell, there isn’t any other way to drive the price back down except to short but this is where they get you the AMM can squeeze any short placed, as every shorter will have their breaking point. either their own tolerance or a liquidation point. every short that gets liquidated or stopped out is profit for the AMM add onto the fire that because of huge dislocations between underlying and perp price, you get some insane funding rates. as I write this LAB is -1% an hour shorts pays longs (over 8000% a year). this makes it even harder for shorts to hold their position, plus the AMM is making bank on their long positions funding BriskCapital is right when he says they wouldn’t have let him win with this size of a short position, especially publicly. his mistake was trying to short it in the first place, which is exactly what the AMMs want you to do. where do you think the 7 figs he lost went to? then whenever they decide the crime is complete they pull the rug and you see the collapse candle to zero. because they are the only entity holding the bid up, they have complete control over when and how the price collapses (meaning they can also likely join in on the short) my advice is to not touch these tokens. if you want to feel something just buy a small amount for fun. definitely do not buy anything sizeable, do not make any trades on leverage and DO NOT SHORT you are trying to compete against an entity that has complete control over where price goes

@based16z probs need to eat some theta decay before upside but still might be good value

Jan2027 ibit 50c at 40vol I may shop tmw

Ok,

@trading_axe such a fucking larp that bet lost lmfao

boring to see all these coordinated shills yeah i'm sure all three just suddenly decided to pick today to collectively shill solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn within 1 hour of each other lol

@yogurt_eth he does it again

not betting but france -1.5 is free! gl

one of the easiest IQ tests is seeing how people onboard trains if you’re somehow who blocks people trying to get off the train by standing right in the middle of the door, you’re sub 90 IQ automatically if you’re someone who is trying to get on the train before people have got off, you’re sub 85 IQ automatically

🤨

@alexwickham he’s a slimy rat

Still think it’s pretty wild that Wes Streeting vowed on the record multiple times that he would force a contest then immediately tweeted that he was backing Burnham within minutes of Starmer quitting

@ScizRtrading i did the exact same 😆

crushed stocks this yr, sold near highs and chilled, feeling generally good about myself then i bought cashcat like 2 days ago and am already down 66% i'm just a boomer stock guy now it is what it is

sad to see the small bounce on AI today retrace all by the weekly close 😳

not too bad overall, especially compared to some of the other screenshots i’ve seen floating around my 1 month performance is barely green at 0.26%, so it’s only really july that I’m down on

@CutMyTaxUK better than miliband and streeting at least but i'd rather have had yvette or pat mcfadden

While supposed Chancellor designate Shabana Mahmood has the major advantage of not being Ed Miliband her own track record displays the usual ignorant leftist populism. E.g. in 2015 she backed a bill proposing a 50% tax rate on bankers' bonuses, whilst banks would also pay a 50% tax on the same bonuses. Critics at the time noted that when added to existing bank taxes, the effective tax rate on banks would reach 115%. She also supported reinstating the 50% rate of income tax, calling the minor reduction to 45% “an absolutely huge tax cut to the wealthiest in our country.” This despite the clear evidence that the cut to 45% did not result in any reduction in revenue. There have been precisely zero ideas from Mahmood as to how to restart economic growth. She won't be a breath of fresh air, rather more of the same stale air.

while I agree with the point you’re making technically we never vote in a prime minister. we vote for an MP for our constituency, and then the party that gains control of government through MPs voted in chooses their own prime minister + cabinet no one wrote down keir starmer on the ballot except his constituents in holborn if we want to have more control over who is prime minister, we’d need to change to a more US style system where we have separate votes for representatives/senate (or local MP in our case) and then another for president/prime minister what I think is more frustrating, and basically every party is guilty of this, is people vote based on pre-election promises + their manifesto and then once a party wins, they just do whatever they want with no repercussions all the manifesto pledges labour have already broken, and all the ones Burnham will break as soon as he’s in office just show how meaningless everything is to these politicians the same rachel reeves who was criticising 0.1% monthly growth during the tory years, is now celebrating that same 0.1% during her short tenure the same keir starmer who said he’d never hand out resignation honours as PM then hands out 26 as he leaves office. including one to Sadiq Khan who himself was calling for the abolition of the house of lords they are all hypocrites and liars and I wish there was some mechanism to hold them to account other than “just don’t vote for them next time”

the UK have yet another Prime Minister that did not win a general election. did you know that 4 of the last 6 UK Prime Ministers were not voted in? what a harrowing state of affairs.

I have no idea where the bottom is, but I’ve seen many times, in both crypto and equities, that entire downturns can be erased in just a few green candles in a sharp V reversal

man i feel so fucking bad for anyone who is leveraged on these stocks right now i’m in pain with a sub 40% allocation, and over 60% cash, as well as a crypto port that is almost 100% cash as well between those two, i’m somewhere around 75-80% cash and still feeling the pain from these drops…genuinely no idea how people who have over 100% exposure due to leverage are surviving

i’ve seen enough, close the markets

ouch $NBIS

i’m only around 40% exposed in my equities port, so on the face of it i’m fairly risk off but when the stocks I am exposed to in that 40% are going down 10% a day, it still feels painful 😆 not making any emotional decisions here, will wait to see how price develops over the coming days and weeks

my portfolio has been in a constant battle with $NBIS for the past month 😂 i've been making a fair few profitable trades (eg. Hynix + Meta), but they've mostly gone to covering the losses from NBIS dropping for a month straight has meant my port has been mostly just sat around one level rather than dropping or increasing hoping NBIS bottoms soon....

@Quanterty easy win 🏴󠁧󠁢󠁥󠁮󠁧󠁿🏴󠁧󠁢󠁥󠁮󠁧󠁿🏴󠁧󠁢󠁥󠁮󠁧󠁿 time to make it all back

I know what I have to do, I just don’t know if I have the strength to do it