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12 Mar, 5 tweets, 2 min read
Chiliz $CHZ, a very legitimate project that reached an $8b valuation and that is definitely not a pump and dump, just dropped 38% in 5 seconds.
meanwhile top holders are sending out CHZ, splitting it up into further addresses, and shipping it onto exchanges to distribute.
and gave the easy short entry on the bounce, think it sees $0.30 in a week.
apparently the Chiliz exchange does $4.4B in volume a day. Somehow, I'm suspicious.
The Chiliz multisig wallet is distributing tens of millions in $CHZ in the last couple days, with their ultimate destination being Binance.

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More from @lightcrypto

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26 Jan
/1 on the advantages of replacing high leverage margin swap/futures positions with options
/2 have heard anecdotes of participants losing large parts of their crypto holdings by chasing the bull market with mistimed leveraged longs and see thousands of nameless participants in the billions in notional that are liquidated on any material move in the markets.
/3 there are two enormous costs to engaging in this behavior:

1) poor traders tend to chase, margin longing after significant price moves up have already happened. combined with high leverage, this means they manage to lose money by being liquidated (force sold) on pullbacks.
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11 Jan
probs should have listened to the mean rollercoaster avatar on twitter instead of the LARPs who led you to slaughter today.
turns out trading is a touch difficult and maybe the people who dont bet but still talk dont make money for a reason anon.
another drink or 2 and i start tagging the people im tweeting about above
Read 4 tweets
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11 Oct 20
An alt has the veneer of scarcity within its own system. But that mirage evaporates when it is viewed outside its border.
If an alt then lacks scarcity outside of its own confines, its only value stems from two sources: its use case as a speculative vehicle and the minimum amount necessary to be held at any one time to achieve its demanded utilization.
Remember this chart if anyone dares tell you there is scarcity in alts; ~7,500 alts are listed on CMC alone (more than 2x the count from 1 year ago), with 2x+ that number unlisted and floating in the ether.

One alt threatens the scarcity of BTC. Many alts only ossify it. Image
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18 May 20
/1 The first difficulty adjustment post-halving is indicative of an ~15% hash power ratchet down.
/2 This is somewhat in line with the model mix assumed by @BlockwareTeam's report in March (blockwaresolutions.com/research-and-p…) where S9's were seen at 38.6%. That number probably trended down as miners positioned into the halving and upgraded equipment.
/3 A material difficulty adjustment downwards can be understood as a bloodletting of the weakest mining participants. Parri passau, these miners are obligated to sell the largest % of rewards to cover costs. Lower cost miners could also sell all inventory, but are not mandated.
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28 Feb 20
/1 At the risk of looking like a fool by Monday, I want to make the case for why I am a buyer of Bitcoin at the $8,500-$8,600 level, near 20% off the recent local high. In a sea of shorts frothing about a continued plunge, it seems like the contrarian position to adopt.
/2 Beginning with a broad macro perspective, after 7 days of rarely seen bloodshed in global equity markets, and in particular US equities, bidders have finally stepped in today with a rally off the capitulation notched in the overnight spoos markets.
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8 Apr 19
/1 We are witnessing a resurgence in Chinese demand for cryptocurrencies. This trend in the making comes after more than a year of relative quiet, a reminder of the time when Chinese volumes were king.
/2 What is behind this sudden risk appetite? The Hang Seng index has driven up 20% since the end of 2018 (HSCEI below), while margin trading volumes have nearly doubled from December of last year.
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