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David Holt Profile picture
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20 Sep, 6 tweets, 1 min read
ok I'm just gonna keep bidding anyways
cutting on a close below box or intraday break of red line
un-comfy but we still out here
either gonna quadruple my portfolio by the end of the year or take a 30+% hit

seriously, I don't recommend anybody copy me (any time, but especially here), I'm taking more risk than most people should be
pulling additional margin off the hw wallet before that liq price gets too close

U N C O M F Y
comfy?

:D

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More from @IDrawCharts

David Holt Profile picture
22 Sep
Need to explain crypto/defi terms to your grandma?

Here's a handy list of crypto-native terms with a 1-tweet ELI5 explainer for each.

Bookmark the thread and if you want something added, just ask!

1/n... oh God there's gonna be so many
Smart contract:

Think of it as a computer program that does one specific thing, and it's always running, just waiting for you to send some basic instructions.
dApp:

One or more smart contracts bundled together in the same place. They can be more complex than a single smart contract, but they usually have a user interface to help you send the right instructions to each smart contract
Read 13 tweets
David Holt Profile picture
22 Sep
ok didn't really come up with a singular thread topic so I'm just gonna stitch together some of the q&a from people and shit in a rambling, disjointed mess of a post below, enjoy (or don't, idgaf)

thread, 1/n
yes, pair trading is awesome and more people should try it

if you don't know, it works by pairing a short position on one ticker (eg, BTC perps) with an equally-sized long position on another (like ETH perps)

the end result is a long on ETHBTC

obviously we already have ethbtc pairings, but you can do stuff like SOL/ETH, or SUSHI/UNI

can even chart the pairs in tradingview by separating the two tickers with a backslash

gets even more fun when you have a good reason for doing so...
Read 18 tweets
David Holt Profile picture
21 Sep
kinda true

but assuming worst-case scenario (US chases down devs for building non-compliant products), we go anon, deploy on IPFS, use mixers and build more privacy tech.

Why? Because fuck 'em, that's why
DeFi is kinda either corporate-funded VC bullshit or scammy shit-tier rip-offs for the most part

but all of crypto started w a bunch of anarchist cypherpunks and gained adoption first w drug dealers

I for one wouldn't mind seeing a sort of return to those roots and values
building crypto stuff in a way that allows for regulation or censorship completely undermines the whole point

but most people don't seem to remember that, industry has gotten lazy and comfortable imo
Read 4 tweets
David Holt Profile picture
19 Sep
thread about farming aka liquidity mining as an incentive model and why it's completely broken but nobody seems to realize it (skip to #17 if you're already intimately familiar w AMMs)

v long and nerdy, fair warning

1/n
2/n
farming was designed as an incentive for users to provide a service: using their own capital to provide liquidity to an AMM pool

AMMs were created to solve the problem of high latency/settlement times for transactions on ethereum.
3/n
while a ~15s transaction time doesn't seem v long, if you attempt to make a market on a 15s delay, you'd be forced to keep your spreads incredibly wide in order not to offer prices that become bad before you can update them, especially during volatile periods
Read 35 tweets
David Holt Profile picture
19 Sep
this is why my operating thesis is and will remain "almost everybody is fkn re[dacted]"

you'd be amazed at how often that base assumption leads to (or at least allows) great trade opportunities
I mean hell, it's the sole reason farming can ever even be profitable (for most current implementations of it)
you don't even have to be smart

and if you're *too* logical you miss out

just be slightly less dumb than most and assume they aren't gonna suddenly get smarter
Read 4 tweets
David Holt Profile picture
7 Sep
buying sol up here is probably a terrible idea tbh. More likely to see a -50% than a double next

that said, if we get a -50% from here, buy the fuck out of it lol
this doesn't mean that shorting it is a good idea either

I haven't sold any of mine but I'm considering taking some off
I'm selling 20% of my stack

now if it goes to 0, I've still made a 6x
Read 4 tweets

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