Discover and read the best of Twitter Threads about #dyor

Most recents (8)

1/Why #bitcoin matters now.

Trump wants to look good for 2020. No surprise there. Strong economic numbers--especially GDP--are crucial.

So: trade war! Force a huge economy (China) to buy more of our products. Cranks up GDP. Yay us, right?!

Except China's fighting back.
2/China is devaluing their currency. Sounds bad for them, ya? So counter-intuitive.

A weaker Yuan makes it harder for China to import goods (they can't afford to buy other countries' stuff).

But also makes it cheaper for others to buy Chinese goods (our bucks go further).
3/But China is primarily an export economy. So they're happy to juice the trade flow out and disadvantage the flow in.

The $USD is already expensive relative to everyone else's currency. So what can Trump do? He *needs* to increase our exports... but we're expensive to buy from.
Read 20 tweets
You can margin-trade DAI/USDC when the peg strays from $1, in case you're not aware!

Example using @compoundfinance :
1. You have $1,000 $USDC on Coinbase
2. Buy $DAI @ $0.99 (incl. fees) => You now have $1,010.10 DAI
3. Lock your DAI into @compoundfinance

(thread)
4. Receive $68.69 in yearly *supply* interests (current rate)
5. Borrow 50% of your supplied DAI in USDC, i.e. $505.05
6. Pay $63.79 in yearly *borrow* interests (again current rate)
7. Buy more DAI @ $0.99 for your borrowed USDC => You now have $510.15 more DAI
8. Lock your new $510.15 DAI up in @compoundfinance for an additional $34.69 in yearly supply interests
9. You're now net positive on your interests: $39.59/year, or 3.96% on your initial capital
Read 7 tweets
The #LARPwars are in full swing. It's been wild since 2016 WikiLeak, #SethRich - what will happen next now that there's another election in sight? Not to mention an ever increasing number of court cases. #LARPindictments #UnsealTheLARPs
2. I'm making my way through Defango's 4 hour subpoena stream. Some gems already! I believe this is the wife of Defango's former attorney, who is representing Robert David Steele in his defamation suit against Jason Goodman. Note the date: same day as Port of Charleston #govLARP
3. Here's Tanya introducing RDS to her stoner buddy, Nora Maccoby. Her family are deeply involved in Dem politics, "would have known Seth Rich if he was real & she's never heard of him"
Nora "outed [Manafort] as working for Russians".
Read 42 tweets
@Awe_andWonder and I discussed this article yesterday and had some thoughts on it.

0/ Our rebutal relies on two main points...
1/

a) The models are based on unreliable data.

b) Even if the data was fully reliable, the models provided are not applicable for forecasting or confirming a bottom.
2/ This is a replication of the average volume model usign the same CMC data we reckon was used for this analysis. When zoomed-out to the last cycle, you can easily see that it can keep making new highs while price keeps making new lows.
Read 10 tweets
Some of you may have noticed that I'm sporting a new tag in my screen name. It's not just a fad though, allow me to explain in this lil ol' #thread:
1/ As you (should) know, january 3rd marks the actual birthday of #Bitcoin, as it was the day that Satoshi mined the first blocks and hence set the Bitcoin story into motion. Upcoming jan 3rd will be the 10th anniversary and this would be an obvious time for celebrations.
2/ @TraceMayer took the initiative of a call-to-arms for all HODLers-of-last-resort, to join him and quite a few other prominent bitcoiners like @giacomozucco, @theonevortex and @CaitlinLong_, just to name some, and also sport the same tag in their screen name.
Read 27 tweets
BTCUSD open short positions on Bitfinex
#bitcoin #dyor
10k BTC was short sold since 2nd Aug (max price $7600) ... and Bitcoin has yet to make a new low
Bitcoin's support was taken out entirely with the use of leverage last night ...
Read 4 tweets
Chances are we can expect a crypto alt season soon.
If you played your cards right, one of these seasons can completely change your financial situation and increase your capital extremely.
But what steps should you take to perhaps become financially independent?

$BTC $ETH

/1
First of all, research which altcoins you want to invest in.
For me the goal is always to collect more Bitcoins and try to buy the alts low in the lesser season (the extremely low prices we have seen) and to sell during the peak of the alt season.

/2
Choose fundamentally good alts, and choose your entry moments using TA.
Do not invest in too much alts, quality over quantity. Too much causes a lack of overview and focus and costs much more time to maintain positions.
This is not recommended if you are a beginner.

/3
Read 14 tweets
Yet ANOTHER Quick and Dirty Breakdown:
As some of you may have learned recently traditional financial institutions tend to treat us crypto people as persona non-grata and refuse us services like home loans even if we have great credit scores and massive cash down payments.
So today I'm breaking down @TheVivaNetwork. Viva aims to bring transparency and innovation to the Home Financing market through leveraging decentralized funding and blockchain technology, making it cheaper, faster, and easier to buy a home securely.
Basically it works like this, each user that signs up is given a unique V-ID and after completing several forms you are granted a V-SCORE. Viva tokenizes fixed assets, like a home, allowing them to divide them up into thousands of pieces called fractionalized mortgage shares
Read 12 tweets

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