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“So this guy said bid 10/10 and you did?” “With leverage, yes, that’s correct Dave” “And then what did he say after that?” “Don’t Know” “You don’t know what he said?” “No he said Don’t Know” “So all your money is gone, what’s the plan now?” “Don’t Know, Dave. Don’t Know”
For all liberation, beginner’s mind of “don’t know” is the way. Our search for certainty in knowledge, rationale and things is a form of grasping - grasping at a refuge that does not exist. Seeking of objective truth is where you get trapped and take heavy losses. Don’t do this!
Last few thoughts. Cap the maximum allowed USDe which can be used as collat for perps to some function of the liquidity in the USDe/USDT book or wherever USDe is sent during liquidation. Also, even though hard coding USDe 1:1 with USDT on DeFi correctly saved people a lot of…
Its mindblowing that exchanges think they can do these kind of ADL protection deals to one participant and not another, without any disclosure. Its clearly screwing over the other participants. This is like the non liquidation accounts Alameda ran on FTX.
There are too many over lev'd alts and pair traders Not too bad on majors tbh Btc still above 100k Very mid flush Resume uptobrrr
You can tell crypto is becoming more efficient bc in last 24hours multiple exchange founders have posted essays reminding people that trading is a zero sum game. In past cycles whenever we had OI wipes/moments of reckoning all of the main characters would tweet out "WAGMI" or w/e
While most are derisking today, the defi megawhale Seven Sisters borrowed 40m USDC on AAVE and kept buying more ETH. debank.com/profile/0x28a5…
if you lost everything, you are stupid and its your fault. enough with the mental health session on this app like its a larp community therapy session.... thanks for playing go find a job gg no re
It is rather unfortunate you lost your son’s college fund at the roulette table last night but I hope you noticed how smoothly the wheel was spinning and how efficiently the dealer scooped your chips off the table
also this will keep happening as more and more people are convinced to start trading perps lol incredibly unhuman trading instrument, unneeded for 95% of people
About a month ago there was an amazing binance 12% APY USDe incentive program with *unlimited* size. Everyone lev looped for "free money" Man. binance.com/en/square/post…
chanting "ping loves me" while rocking back and forth in my padded cell
The most stacked @FACEIT game in the history of Counter-Strike. On LAN, with comms. 🗣️ +/- 100 ELO 🤯
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