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28 Nov, 5 tweets, 2 min read
I'm a proud short-term $XRP hodler since Thursday.

You can joke about the #xrparmy and still long it.
I did call the crypto bottom for you guys in close to real time.

Expect $XRP to continue trading as a high beta, i.e. a faster horse. Instead of the low beta it has been since 2019. Together with $LTC, ideal for getting exposure to the legacy alts.

On the alts side, having exposure to the DeFi alts alone can screw a good bull run, as DeFi sometimes does not follow the broader market. A balanced crypto portfolio requires $BTC, $ETH, legacy alts, and DeFi. No, $ETH is not an alts index as some say.
Consider many new crypto entrants use retail platforms that don't provide them with access to DeFi tokens.

The same applies to European exchange traded notes (ETNs) and Grayscale products.

(aware $XRP not available for Paypal users, $LTC is)

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More from @classicmacro

Alex Profile picture
29 Nov
When there is panic in a bull market, that's a long.

Don't need to wait for "confirmation".
Look into the Three Pushes pattern, very useful for timing entries intraday when combined with watching volume exhaustion prints. When an impulsive move (i.e. a push) is very strong, expect continuation. Generally best not to fade the first push (unless a great scalper). Image
These are $ETH and $BTC charts for last week's crash.

Identify the three pushes. Image
Read 7 tweets
Alex Profile picture
27 Nov
Ethereum validators generate revenue by validating transactions. Some transactions pay better than others. Archer DAO incentivizes validators (miners) to partner with onchain analysts & traders (suppliers) to validate more profitable transactions. $ARCH
Archer generates more revenue during times of extreme volatility. Once Archer grows, it would be reasonable to expect its price to exhibit negative correlation during market crashes. If so, $ARCH would become a great portfolio hedge and reduce risk.

Here's a more complete picture of what Archer does 👇

Read 7 tweets
Alex Profile picture
27 Nov
It is hard to solve a problem if can't discuss the problem openly and identify its root.

The issue with racism nowadays is twofold:

#1 racism itself
#2 PC censorship

People who explore how differences among ehtnic groups are sometimes not caused by racism are often censored.
Cognitive differences among social groups are real. Censoring this reality is counterproductive. It ties back to education at early ages. Education in the classroom, and education at home. To level up the field have to address educational differences at early ages.
Rant du jour elicited by today's NYT article on racism at Coinbase.

nytimes.com/2020/11/27/tec…
Read 5 tweets
Alex Profile picture
26 Nov
Local bottom in I think
Never know if a local bottom is "the" bottom until way after the fact. Loaded up to the brim on $ETH 485-495.

Reduce on the way up. If back down, exit. Don't need to know it is "the" bottom to trade.
Think we retrace the last leg. After, don't know.
Read 4 tweets
Alex Profile picture
18 Nov
Michael Saylor revived Microstratregy by effectively turning it into a Bitcoin hedge fund. Prior to that Microstratregy was a quasi dead tech company. He did so knowingly. Saylor job is now promoting bitcoin. He is pumping his bags.
Paul Tudor Jones is a brilliant macro speculator.

Michael Saylor is a brilliant game theory operator.

Not the same thing.
Effective shilling in large scale (relative to market cap) increases the odds of bubble formation. Saw it in 2017 with bitcoin, and see it recurrently with altcoins, where influencers take positions, shill them, and later dump on the masses.
Read 5 tweets
Alex Profile picture
16 Nov
The SEC has five commissioners. Three (Clayton, Roisman & Lee) have a history of voting against Bitcoin ETFs. Peirce is pro-bitcoin. Crenshaw is new and her stance is unclear.

With Clayton stepping down, the big question is if Biden will appoint a pro-bitcoin commissioner.
These are the options people are talking about.

bloomberg.com/news/articles/…
Gensler is a Senior Advisor to the MIT Digital Currency Initiative.

fortune.com/2020/11/11/bid…
Read 7 tweets

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