Japan’s Nikkei closes −4.80%
Crash on open for US stocks tomorrow? Boom? Both?
Will Nikkei continue to fall tomorrow?
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Crash on open for US stocks tomorrow? Boom? Both?
Will Nikkei continue to fall tomorrow?
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GM almost perfectly symmetrical $SOL price pattern over the past 4 days and slightly speeding up as the pattern progressed because they knew exactly what was coming illuminati confirmed
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Messaging-wise… the messaging isn’t great
“KYC required” plastered everywhere — something crypto obviously hates
“onboarding new users” presented as the primary goal
— BUT ONBOARDING IS A HORRIBLE DESTRUCTIVE IDEA,
because when you onboard people who refused to onboard sooner,
because crypto wasn’t something they liked,
— THEN THOSE PEOPLE WILL CHANGE CRYPTO INTO WHAT THEY LIKE, AND IT WON’T BE CRYPTO, BECAUSE WHAT THEY LIKE IS NOT CRYPTO
“Onboarding into crypto” i.e. “adoption” is a horrible goal,
based on a 100% false premise
— that willing adoption is neccessary for crypto price to go up,
DEAD WRONG
~100% of market mechanism advancement, like crypto and its market mechanism predecessors over the millenia,
— has always been forced upon the world unwillingly
Never willing adoption.
and “this process is perhaps the least appreciated facet of human evolution”
As Hayek pointed out at the start of Fatal Conceit
“Onboarding” people onto a mission, who hate that mission, is a horrible, horrible idea.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
“KYC required” plastered everywhere — something crypto obviously hates
“onboarding new users” presented as the primary goal
— BUT ONBOARDING IS A HORRIBLE DESTRUCTIVE IDEA,
because when you onboard people who refused to onboard sooner,
because crypto wasn’t something they liked,
— THEN THOSE PEOPLE WILL CHANGE CRYPTO INTO WHAT THEY LIKE, AND IT WON’T BE CRYPTO, BECAUSE WHAT THEY LIKE IS NOT CRYPTO
“Onboarding into crypto” i.e. “adoption” is a horrible goal,
based on a 100% false premise
— that willing adoption is neccessary for crypto price to go up,
DEAD WRONG
~100% of market mechanism advancement, like crypto and its market mechanism predecessors over the millenia,
— has always been forced upon the world unwillingly
Never willing adoption.
and “this process is perhaps the least appreciated facet of human evolution”
As Hayek pointed out at the start of Fatal Conceit
“Onboarding” people onto a mission, who hate that mission, is a horrible, horrible idea.
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Crypto “onboarding” for “adoption” is evil,
based on a false premise,
leads directly to hijacking.
Bringing people into movements whose values are fundamentally at odds with the movement is a path straight to hickacking destruction.
“Onboarding" is evil.
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based on a false premise,
leads directly to hijacking.
Bringing people into movements whose values are fundamentally at odds with the movement is a path straight to hickacking destruction.
“Onboarding" is evil.
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“unwitting, reluctant, even painful adoption”
“Adoption” of this market mechanism tech is NEVER supposed to happen willingly.
NEVER supposed to happen “democratically”
“Onboarding” misaligned people will only get your movement hijacked and destroyed.
Crypto “Onboarding” is evil.
Hayek was right.
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“Adoption” of this market mechanism tech is NEVER supposed to happen willingly.
NEVER supposed to happen “democratically”
“Onboarding” misaligned people will only get your movement hijacked and destroyed.
Crypto “Onboarding” is evil.
Hayek was right.
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ALL innovation changes the world without democratic consent.
Reject the communist’s “adoption” hijacking insanity.
Crypto “onboarding” and “adoption” efforts, nearly always of highly-misaligned people, lead to hijacking, and are evil.
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Reject the communist’s “adoption” hijacking insanity.
Crypto “onboarding” and “adoption” efforts, nearly always of highly-misaligned people, lead to hijacking, and are evil.
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$BTC dropping rather hard, down to the bottom of the accumulation area from a week ago
$SOL dropping less hard, to the top of last week’s accumulation area, despite having a much smaller market cap, which is weird, because generally you’d expect smaller cap coins to drop harder when there’s a market-wide drop
And then if you look at the SOL/BTC ratio chart, you see something kinda shocking
— At the daily level, the ratio SOL/BTC seems to follow shockingly predictable patterns, that a simple momentum-following strategy could ride quite well
So now really wondering how well a simple momentum-following pair trading strategy would outperform holding either of these coins alone here
Why might this apparent opportunity, if real, have already been traded away?
Perhaps because most of the big traders only really care about their USD-denominated gains, which doeds not follow this smooth pattern,
Whereas this pair trading strategy would just focus on maximizing SOL & BTC denominated gains, which may or may not equate to USD denominated gains
= i.e. you’re implicitly going long while using this pair strategy, betting at least one will go up, and perhaps the more sophisticated traders are afraid to do that, usually preferring non-directional market neutral bets
Something to look into for those who are long on cryptos anyway…
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
$SOL dropping less hard, to the top of last week’s accumulation area, despite having a much smaller market cap, which is weird, because generally you’d expect smaller cap coins to drop harder when there’s a market-wide drop
And then if you look at the SOL/BTC ratio chart, you see something kinda shocking
— At the daily level, the ratio SOL/BTC seems to follow shockingly predictable patterns, that a simple momentum-following strategy could ride quite well
So now really wondering how well a simple momentum-following pair trading strategy would outperform holding either of these coins alone here
Why might this apparent opportunity, if real, have already been traded away?
Perhaps because most of the big traders only really care about their USD-denominated gains, which doeds not follow this smooth pattern,
Whereas this pair trading strategy would just focus on maximizing SOL & BTC denominated gains, which may or may not equate to USD denominated gains
= i.e. you’re implicitly going long while using this pair strategy, betting at least one will go up, and perhaps the more sophisticated traders are afraid to do that, usually preferring non-directional market neutral bets
Something to look into for those who are long on cryptos anyway…
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