Share this page!

DK Profile picture
Twitter logo
11 Jan, 4 tweets, 2 min read
So... #bitcoin up $800 in seconds after this. #tether doesn‘t move price, right?... but if this isn‘t the last print it sure marked the bottom nicely. Go figure
We‘re going to need a lot more though...
Simultaneously people aren‘t so high on leverage anymore it seems and #tether premium coming into printable range again 💪🏻

Now we just need to be sure Paolo won‘t let us down and send lot‘s moar!
I think Ray Dalio calls this „beautiful deleveraging“...

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with DK

DK Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @dkcrypto13

DK Profile picture
10 Jan
More on #tether. Just listened to the podcast with Paolo and Stuart done by Peter McCormack. I thought it was informative, but there were significant issues. I will first summarize the relevant part of Q&A (and paraphrase), then provide my interpretation.

1/ Are you shareholders in Deltec bank? A: They do not disclose investments.

2/ What is your KYC process? A: Stuart clearly read off a statement prepared by their lawyers.
3/ Why can $USDT be issued on weekends? A: Because they already have the funds but this is when the customers require/want them or receive them.
Read 14 tweets
DK Profile picture
7 Jan
#bitcoin just re-set leverage & killed the bitmex and bybit premium. Will be interesting if reaction is same as tomes before...
Help is on the way 💪🏻
LMAO - SNED now or later?
Read 4 tweets
DK Profile picture
7 Jan
Okay. So in the middle of #bitcoin $BTC dalalilama to $40k and beyond, while we are all (including me) exceedingly happy... Humor me and think about #tether for a moment. Let's do it together:
We know that there are "scientific" papers out there that allege that $USDT prints drove $BTC price in 2016/17 and we also know those have been disputed in some ways by other smart people. I have read those disputes and I can see their point too. We also know that...
... @lawmaster, a guy that many people would say is highly trustworthy in this trustless industry (myself included) has "testified" that he has spoken to more than 10 (I think) people who have successfully redeemend money from #tether. We have also seen irregular balance...
Read 16 tweets
DK Profile picture
3 Jan
The #Crypto Quality Arb Portfolio - Experiment for 2021

I set up an account with 11x leverage, invested in 14 Longs I consider to be higher quality vs 11 Shorts I do not consider to be such quality

THIS IS AN EXPERIMENT. IT IS NOT ADVICE.

#altcoins #bitcoin #ftx #qualityarb
The investable universe is PERP futures listed on FTX and it goes without saying that it is only crypto (ie I will ignore any stock futures) and only altcoins

The experiment is set up as a classic 120% Long, 100% short book (ie it has a theoretical market exposure of just 20%).
It is meant to be a stable experiment and I will update the positions (and re-size them) once a month. I expect very little movement in individual names. I want to see if a "classic" strategy where investors pick higher quality to go long and lower to go short works in #crypto.
Read 11 tweets
DK Profile picture
2 Jan
Basically going to bed now so I can’t make this a long thread, but re #bitcoin $BTC price here (32k):

- Funding rates are apesh1t crazy
- Futures heavily contango
- #tether price > spotprice in real $ (implying harder for Paolo to keep pumping)
- Orderbooks quite empty
...
- Price action looks similar to a blow off top (short capitulation)
- Bubble roof target almost met (its 5% off the current ATH)
- all the action took place on holidays (lower volume)
...
In summary - this could very well have been the local top that leads to one of $BTC s patented 30% reversals. I still think $23-24k will be tested, but maybe $27.8k is enough. I watch funding rates mostly to see if we have kicked excess leverage or not. Invalidation: new ATH
Read 5 tweets
DK Profile picture
29 Dec 20
1/ A #bitcoin ETF will be launched in 2021
2/ $BTC will keep rising in price till the Fed stops their current round of quantitative easing, but IF/when it stops, people will be surprised at how negative it will be for any kind of assets despite a roaring economy
3/ Security standards for #token become more aligned globally and raising money via token that have equity-like rights will become a generally accepted way to raise early capital for companies
4/ $ETH will mark a new ATH in price, but scalability will become more of an issue
5/ #Binance, #Bitfinex, #Tether or #Bitmex will not survive 2021
6/ $UNI will be investigated as a security - the outcome is extremely hard to predict, but volumes on #uniswap won't suffer
7/ #Ripple will be convicted in court for securities fraud
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @dkcrypto13 has new unrolls!

Check out other threads from @dkcrypto13!

Read all threads by @dkcrypto13