WhySoCrypto?

CZ says the supercycle is off. Not because of macro. Not because of liquidity. Because CT is fudding him. Incredible.

We are destroying the Indian stock market bit-by-bit. Today's budget was just a step to demolish it more. Let me explain by giving a concrete example- We are killing the options market in India. Before you dance and think this is great: get your head out of your ass. And, take some time out to study the need for a healthy options market for stock investors:- 1) Options sellers in the market are liquidity providers. Having a healthy options market allows the entire capital market to work well. 2) Let me give you an example: when some sells a Put option (on let's say Nifty 50). It is an obligation to buy Nifty 50, at a predetermined price (if the market falls) 3) In cases of extreme events (eg. Covid fall or 2008 crash). The Put sellers, actually provide cushion to the market. And, support the market. If there is no counter liquidity from the buyers, sellers would just sell and run away. And, you will witness a steep fall. Additionally, we will never attract big foreign investors. Because Options can offer insurance. Example: if a big Foreign Investor buys (Nifty 50) of 10Mn$ worth, he would need to Buy a Put option to protect his portfolio. Putting crazy taxes on anything is the fastest way to kill a market. And, we are doing exactly that. I can see keyboard warriors typing: "Oh but 90% retail loses money on options". Well because options are NOT for them to begin with. It is funny to see full grown ass adults being told what is good/bad for them. Teach them, let them make their decision. What's the high handedness with taxes? ** For context: I don't do options in the Indian market due to high taxes. So this issue does not impact me. But, since I do options generally in world markets, I can tell you whey they are important. And, explaining it.

BREAKING: 🇮🇳 Government drops plan to make Sanchar Saathi app pre-installation mandatory.

Still standing after the flood of racist comments on my previous post. Not taking those comments to heart. Thanks to my friends and brothers for checking on me. And for all those racists: Thanks for 800k+ views. Never thought I would see that on my account.

Airdrops have changed the lives of many people who came from humble backgrounds. Some of them had less than $100 and are now sitting on portfolios with over six figures. They didn't gamble their way up; instead, they worked hard every single day, honed their skills, and followed a routine consistently. They come from different walks of life – some are truck drivers, some are in the army, and some aren't even educated. Despite this, they didn't lose hope but tried to learn web3 protocols, investing their days and nights to bring about the so-called DAUs and other metrics that projects often emphasize in the name of adoption. Airdrop hunters are the primary users you have right now; the day they leave, your chains will become ghost towns. If you can't reward them, at least don't devalue their efforts. They are as important to the ecosystem as developers. My support is always with every individual grinding for airdrops every day.