Discover and read the best of Twitter Threads about #cryptos

Most recents (6)

1/People don't understand the concept that trading/investing is a zero-sum game. It's a cliche that doesn't penetrate. If you want to be a successful trader/investor, that means you have to become someone who takes money from people. The profit you make comes from the losses of
2/others. It seems at times everyone is making money, but that's only temporary in penny stock situations (#cryptos)--the new money that came towards the top in $BTC went into the accounts of the people who got in earlier & then sold. The money Charlie Lee made selling $LTC in
3/Dec 2017 came from the accounts of those who came in after him. This is why when you read $BTC things like "we're all in this together," etc, it's just totally contrary to any real understanding of how markets work. You'd be dependent on new money continuously coming in, which
Read 9 tweets
Perpetual Swaps are expensive to trade!

We compared Futures & Perpetual Swaps to see which is better for #trading
Futures outperformed Swaps in 13 out of 16 months. Irrespective of #bitcoin performance.
GREEN: $BTC monthly returns were +ve
RED: $BTC yielded -ve monthly returns
In DOWN months, i.e. where $BTC monthly returns were negative shorting via Futures would've yielded higher returns

This underperformance makes Perp. Swaps poor instrument for hedging

“Hedging Bitcoin balance by shorting 1x Perpetual Swap” would've cost you roughly 2% per month
For UP months ( where $BTC monthly returns were positive) a levered Long in Futures would have given higher returns.

Funding eats away from the returns of a trade!
#cryptocurrency #cryptos
Read 8 tweets
1/ Get ready for a predictable #crypto pattern: in the coming months, we will see an increasing number of #Bitcoin maximalists tormenting “altcoin investors” for straying from the mother ship.
2/ The maximalist drum will get louder as we go deeper into the bear market, with #bitcoin falling less than most other coins, and its dominance index growing. coinmarketcap.com/charts/#domina…
3/ #Bitcoin is the benchmark after all, the market beta of crypto, with most everything oscillating at a higher amplitude than $BTC.
Read 18 tweets
1/ An $ICX $ICON thread outlining my thoughts / views about the current state of $ICX as well as some (very) simple explanations relating to regular questions that come up within the $ICX community.
2/ Decentralization: Currently $ICX is centralized and this is normal as the team is still working through the token swap, staking and incentive program and implementing their AI governance model. @minhokim has stated that over time they will gradually become more decentralized.
3/ TheLoop & ICON: TheLoop is the private branch that helps institutions / organizations setup their own Blockchain networks. ICON is the public branch which will allow for interoperability between these Blockchains as well as other #cryptos.

TheLoop = Intranet
ICON = Internet
Read 8 tweets
@CryptoMedicated, thank you for providing a quick analysis on $TEL - #telcoin. Much respect sir. The community appreciates it, but I respectfully disagree with your analysis, and let me tell you why. I'll address all 9 of your points with a rebuttal. Check out the thread.
1) Bearish on $TEL prospect: @CryptoMedicated
I disagree, and please check the stats, and even that's too low. The thing is that #telcoin doesn't operate like every crypto, as a matter of fact the manner in which they operate will allow them to thrive.
2a) $TEL locked out of the US: @CryptoMedicated
Permanently?!!! You should note that #telcoin is a GSMA member, which isn't an easy feat. Did you know that Sprint, ATT, Verizon, and TMobile are members as well.
Read 13 tweets

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