Kintsugi

excited about our first @oncyber_io exhibit featuring some of our favorites from @bosslogic, @gmunk, @timothysaccenti, @reuben_wu, @fvckrender, @victormosquerar, @kidmograph, @grimemonday, and more! oncyber.io/kintsugi #nft #gallery

The Shikumi trading system research library is now available: ShikumiBot.xyz/library

a few highlights from this week's update 🧵👇

@Trader_XO 🍻

These are fab trading opportunities imo for those who thrive in these conditions, and its not easy mode at all. In periods of down turn my main rules: Rule number 1: Survive - ensure risk params are respected and account for adverse scenarios, it only takes one bad trade to wipe out a chunk of your account. Rule number 2: Manage the drawdowns Rule number 3: Flip context and seek opportunities on the way down. There have been clear rotational moves and highly responsive price action. In this environment, hesitation is costly (something which happens to us all, the mental aspect of the game). The ability to flip context and adapt in real-time has been critical, as the market has been offering clean reactions and sharp rotations for those who are prepared. Always important to mentally reset after a set of trades vs impulsively trading every move imo, you dont need to catch every move, just trade your process - not what others are doing. Last 7 trading days performance during the downturn. Let the liquidity games continue.

$PEPE admits it's a useless coin on its website - PEPE market cap: $5.4 billion - #USELESS coin market cap: $48 million few

@trader1sz 🎯

This is how to think about the environment we are moving into. It is the mindset of a risk-taker and practitioner

Since the last drop in BTC dominance (ending 5/13), Alts have struggled to keep pace as BTC climbed to its highest daily close what's next? 1/ BTC breakout w decreasing dominance 2/ rangebound btc w rising dominance 3/ BTC breakdown w rising dominance 4/ something else?

@Melt_Dem @CrucibleCap how much does reactor design affect type of fuel supply needed? or is it more a downstream issue where raw material is the same just processed differently?

what strikes us at @CrucibleCap as most interesting about today’s nuclear renaissance is the misallocation of capital and attention: $39B invested in reactor designs, $2B to securing domestic fuel supply it's time to bring uranium enrichment and fabrication back to america

@joemccann similar reasons Base is built w Optimism?

Robbinhood apparently considering launching a blockchain and currently deciding between Solana and Arbitrum Personally, would be very surprised if they didn't go with Solana. What are the arguments for launching this on some form of an L2 instead?

mistakes were made in an economy i control

is the decoupling in the room with us now? since Jan 23rd (3 months ago): BTC down 10% NASDAQ down 14% S&P down 11%

✅ next target $87k $80k first?

to him who has had the experience no explanation is necessary, to him who has not, none is possible

@fvckrender 🫡

@KintsugiNFTs nice thanks!

just got a C02 sensor for my office. think i've been mildly suffocating myself in the afternoons for the last year baseline is ~700 ppm with open window rises above 1k within an hour with office door and windows closed

@fvckrender aranet $150 on amzn

@KintsugiNFTs whcih one did you buy?

liquidation wick incoming

memecoin utility in the degen casino BTC up 2.5% SOL up 3.5% MKR up 7.5% FARTCOIN up 16.4%

@osf_rekt agree. and raydium was particularly dependent on sustained memecoin hype cycle, which went on sabbatical depressed memecoin volumes in $libra wake combined w pumpdotfun AMM announcement was brutal combo

interesting thing for me is that in tradfi people get really obsessed with cashflows/revenues etc in order to create valuation multiples and then use it as a way to comp/rel val against other stuff and in crypto in the past few years i have seen lots of stuff like "this how much fees XXX is making" and they are buying back and/or burning tokens and this means it's crazy cheap but in my experience purely anecdotally these "cheap on revenue multiple" trades in crypto never really seem to work out and i was wondering why and i think it's because people just take like a day or a week or a month's worth of fees and then extrapolate that linearly to produce some metric that seems crazy on paper and then get hyped up when in reality a lot of these fees aren't sustainable on an annual basis and people also fail to do the analysis on how sticky/sustainable the revenues are what the moat is etc i think raydium is a good example of something coming completely left field but it's a lesson to be learned from

@rektmando been wondering a lot lately if it’s just better to break a 10x trade into 4 2x trades on the way up, taking some off the table each trade on lookout for detailed write ups ab best asymmetric bet sizing strategies given different likely outcome distributions

being self critical - the last 6 months for me have been a bunch of trades which I did really well on at first and ended up roundtripping large parts of (or even lost money) because I believed 'they were 10x trades not 2x trades' GOAT, AI16Z, Fartcoin, RAY, MLG - I was too wildly bullish and it clouded my judgement even as the market started to prove me wrong my best trades have been ones I took steady profit on the way up like ARC, SOL, JLP, MOG, PEPE, HYPE I like some newer narratives here (like Sonic) but I'll definitely be taking profits on the way up its boring but I'm gonna be aiming for a lot of clean 2x trades going forward