Forwarded from Moonbags Markets
X (formerly Twitter)
DeFi^2 (@DefiSquared) on X
Prediction markets are now assigning the chance of an Ethereum spot ETF approval at the May deadline to be just 24%.
Those who follow me will remember that I’ve controversially been saying since January that the ETH spot ETF is unlikely to pass on its first…
Those who follow me will remember that I’ve controversially been saying since January that the ETH spot ETF is unlikely to pass on its first…
Either is aweseome. If this works out, I will post a few more Airdrops to farm in the coming days
DiveInDefi
Liquidity will become more and more important for crypto and defi. With Uniswap acting weird (if you ask me), I believe the market will open up dor more and more niche AMM protocols like sushi. Additionally, more and more L2s will come into play. All of this…
As written in Nov last year, this update on L2s getting significant fee discounts plays into the hands of the aggregators again.
I am very bullish long-term (this cycle and potentially longer) for aggregators.
$1inch and $PSP being the two I am watching the most and where I have smaller bags in.
If you know other promising aggregator products, I‘d be happy to hear:
https://news.1rj.ru/str/DiveInDefiDiscussion
I am very bullish long-term (this cycle and potentially longer) for aggregators.
$1inch and $PSP being the two I am watching the most and where I have smaller bags in.
If you know other promising aggregator products, I‘d be happy to hear:
https://news.1rj.ru/str/DiveInDefiDiscussion
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https://news.1rj.ru/str/DiveInDefi
https://vote.jup.ag/
Vote here if new votes come up. I will try to keep you up to date on this from now on.
Vote here if new votes come up. I will try to keep you up to date on this from now on.
Forwarded from Dennis
How much do you think this BTC pump and/or crypto cycle is linked to a stock market downfall?
DiveInDefi
How much do you think this BTC pump and/or crypto cycle is linked to a stock market downfall?
I think this is a very good and difficult question and I have discussed this with various people already:
BTC was designed to be like digital gold and basically do the opposite of stocks in times with high inflation and uncertainty - a safe invest to counter inflation.
I have said this in here before that BTC has been viewed the opposite up until today: a high risk asset that pumps crazy in times of high certainty and dumps even harder in uncertain markets. Basically like a shitcoin for stocks/ a micro stock.
That said, I am a big believer in BTC and crypto as a whole. I believe BTC will eventually become the asset it was designed for. The big question is when?
In the past: treating bitcoin as a shitter for stocks was always the right move. From a statistical standpoint I would say: stocks dump, BTC dump. You will be right until you are wrong once. So far, you have been right every time and got rekt if you believed BTC is ready to fullfil its faith of being a hedge against inflation and dumping stock markets.
Once BTC starts to decouple, it will probably develop a whole new way of reacting to markets.
I do believe with the ETFs, we are one way more connected to the stock market than ever before. But it is also a lot easier to flight into BTC than ever before.
As always: If this then that. We have to observe and see what is happening to make a good decision.
BTC was designed to be like digital gold and basically do the opposite of stocks in times with high inflation and uncertainty - a safe invest to counter inflation.
I have said this in here before that BTC has been viewed the opposite up until today: a high risk asset that pumps crazy in times of high certainty and dumps even harder in uncertain markets. Basically like a shitcoin for stocks/ a micro stock.
That said, I am a big believer in BTC and crypto as a whole. I believe BTC will eventually become the asset it was designed for. The big question is when?
In the past: treating bitcoin as a shitter for stocks was always the right move. From a statistical standpoint I would say: stocks dump, BTC dump. You will be right until you are wrong once. So far, you have been right every time and got rekt if you believed BTC is ready to fullfil its faith of being a hedge against inflation and dumping stock markets.
Once BTC starts to decouple, it will probably develop a whole new way of reacting to markets.
I do believe with the ETFs, we are one way more connected to the stock market than ever before. But it is also a lot easier to flight into BTC than ever before.
As always: If this then that. We have to observe and see what is happening to make a good decision.
DiveInDefi
Airdrop hint: Binance and Coinbase have their own native wallets not. If you have a Binance or Coinbase account, I highly advise you to get their wallet. Not essentially for your daily use but set it up, put a few dollars on it and do some quests on Coinbase…
https://mint.fun/base/0x273cA93A52b817294830eD7572aA591Ccfa647fd
Mint this. Should be save. Dont use main wallets for farming airdrops
Mint this. Should be save. Dont use main wallets for farming airdrops
DiveInDefi
We either bounce here right now or retest the 69k again - which would be concerning.
If we break here, we go to 69k
We should hold 69k anyways. At least LTF. If we dont get a proper bounce it is not looking good rn