If they're strong, they're not in a liquidity crisis. It was only a few months ago someone else was altruistically saving shitty companies.

You guys remember when the market reacted *positively* to Luna starting to buy BTC? Or when SBF decided to extend his charity to BlockFi and Celcius? Or hell. Even last week for 1 hour when CZ was going to bail FTX? Patch and bails are only bullish if from the government.

THE FTX FIRST DAY DECLARATION New CEO John Ray is scathing about Sam Bankman-Fried's management. "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information." pacer-documents.s3.amazonaws.com/33/188450/0420…

The part where we're told SBF and friends are "potentially compromised" is maybe as interesting as the straight up fraudulent loans. What if this has legs? Does someone control SBF?

This is an amazing piece of citizen journalism. $GBTC “3AC, DCG & Amazing Coincidences” link.medium.com/VbzrortL3ub

An ominous reply to a now-interesting thread from last year, in which Tabasco felt insulted that he'd be asked about Alameda's banking relationships.

The most important thing someone who has insane gains in something like crypto needs to do is figure out how much their ideal life actually costs. At 10M you can safely spend like 30k/month in a 60/40 portfolio. At 10M you de-risk, not look for ways to add more risk. 0 payoff.

Bro, your company freeloads off the entire world's contributions to the web without the capacity for any sort of attribution or choice. But you draw the line at using information your customers choose to give you?

Agree with this. Except I think if you're buying today, you shouldn't stake it. The unwind is going to be very quick and nasty once it happens. Let others stake. You watch the horizon. Low float in both FDV sense and staked/tradable sense. Big moves are easy for it both ways.

I tend to think threads like this are useful to digest. Notice which coins are mentioned most often. Particularly compared to their MC. And which are notably under mentioned. Might offer insight into which things are likely crowded trades right now and which are uncrowded.

Strong men create BTC & ETH dominance BTC & ETH dominance create weak men Weak men create altszns Altszns create BTC & ETH dominance

No one has caused more public losses in crypto than the SEC. Refusal to allow a spot ETF leads to GBTC. Fueling the self-destruction of FTX, 3AC, etc. Refusal to establish rules for on-chain securities leads to valueless governance tokens and low float insider slow rug coins.

Imagine you're a boomer with a traditional retirement account. 60/40. Everything well considered. You first heard of BTC 10 years ago, but didn't understand how to buy. But now it's accessible! You buy day 1. Crypto degens *immediately* dump it over 20% in under 2 weeks.

Airdrop twitter is basically people patting themselves on the back for working so hard to dig holes and fill them back in. And also thinking this "work" was undervalued. I feel like I might need to stop reading CT if I want to avoid cashing everything out, haha.

It's interesting how almost everyone in poker understands it's a negative sum game and you have to be very good to win at all. People take pride in knowing they're in the small minority. Yet few traders seem to acknowledge this.

4.3M is probably a small price to pay for the liquidity it will generate for a much larger token holding. Plus gets to use his rep as the winning bidder. Truly playing a different game from us.