Duo Nine ⚑ YCC Profile picture
Jan 22, 2022 β€’ 13 tweets β€’ 11 min read β€’ Read on X
1/ 🚨 MARKET UPDATE🚨 A thread... πŸ‘‡

Below I will share my views of the market and my plan, are you in? Lets go...

#Bear markets are great opportunities to scoop coins at a significant discount. The right picks can change lives.

Don't fall into FUD! Start planning!

πŸ‘‡
2/ This is my third bear market. Here is what I learned so far. Bitcoin first. πŸ‘‡

#Bitcoin bottoms after 85% drop from ATH, #ETH at 95%. Will we see similar drops now? Possibly, but maybe not.

Below the #Bitcoin levels to watch as we drop. Image
3/ $30k for #BTC is almost certain. If that breaks (likely), then $20k is in play.

To me $20k is the most likely level where we will bottom after a 70% crash. Why?

Previous ATH and strong support levels. Moreover, institutions are here now, so a 85% drop is less likely. πŸ‘‡
4/ If you think #BTC is not in a bear market, look at monthly MACD (pictured).

I will scale into #BTC as we move under $30k. WHY?

#Bitcoin can reach over $1 mil by 2030. Of course I am buying... πŸ‘‡ Image
5/ Now #Ethereum and shitcoins (ETH pictured).

I am not interested in #ETH until it falls under $1k. After that I scale in. I'd be surprised if it stops at $1.4k (70% crash).

#ETH will easily go into 80% if BTC drops to $20k. πŸ‘‡ Image
6/ What about my shiny #shitcoins? Expect a drop between 80-95%. That is when you buy.

Think #ADA at 30 cents, #Luna under $10, #SOL at $20. Do the math, see what makes sense.

Don't spend big early and don't fall for the FOMO relief rallies. πŸ‘‡
7/ Keep powder for when there is blood on the streets.

What I will buy at a discount (in that order):

1. #BTC
2. #ETH
3. #Luna / #LQTY
4. #SAND
5. #CRV
6. #BNB/#FTX/#WOO/#KCS
7. #UNI/#1INCH
8. #GRT/#FLX/#LINK
9. πŸ‘‡

No #ETH killers? No. #ETH will kill them instead.
8/ I will also get some high risk/high reward plays... depends what is hyped as we move into 2022.

Now start building your plan. What will you buy, when and start saving powder, particularly if $BTC falls under $30k.

It will feel like X-mas, but better. πŸ‘‡
9/ Good to also consider this picture for #BTC, but there are a few concerns:

1. Stock market crash incoming...
2. War in Ukraine...

If those materialize in 2022, I can't see how #BTC correction stops at 57%... πŸ‘‡ Image
10/ Don't focus so much on the bear market, but what it can offer you in the next cycle.

#Crypto adoption today is like the Internet in 1997. YOU ARE STILL EARLY!

Don't get sidetracked and ignore those joking about crypto... "look its crashing, told ya it's a ponzi". πŸ‘‡
11/ If you play this smart, it can change your life. Focus on that. WORK HARDER, MORE and KEEP BUILDING. 🀩

Find gems and #HODL them as $1,000 invested in 2022 can be life changing later.

If you liked this thread, please share, retweet, follow & like. If you need guidance...πŸ‘‡
12/ Join me on Discord:

bit.ly/3n2gng0

Bear markets are for buying, bull markets are for selling! Bear markets also build character and resilience, embrace them! πŸ₯°

P.S. If you lost a lot, it's just money, don't forget what matters. Trust me I know. πŸš€
13/ P.S.S. This is my opinion, the market will do what the market does. Prepare accordingly and do your research.

NFA.

β€’ β€’ β€’

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More from @DU09BTC

Apr 9
🚨 There is a hidden war on Solana between big players.

Users have no clue, but the consequence of that are endless failed transactions!

There is only so much space available and the ones with the bigger guns win.

Here's what they don't tell you. A thread (1/10). 🧡 Image
2/ Big players on Solana are at war. How?

They DDOS each other for block space priority.

The victims of this war are Solana users. You can't get your transaction confirmed because big players take up all that space for themselves to come on top.

Here's how they wage war. πŸ‘‡ Image
3/ A specific Solana wallet can be attacked by spamming it from +100 different bot wallets.

You DDOS it every second with the smallest Solana unit = a Lamport or 0.000000001 SOL!

What happens next will surprise you. πŸ‘‡ Image
Read 11 tweets
Apr 2
🧡 Issuing $100 mil DAI to farm USDe is one thing, issuing billions is asking to get hurt.

Why does MakerDAO plan to risk it and mint $1 bil DAI to farm Ethena yields?

Can DAI depeg when USDe inevitably falls under $1?

A bold move or something else? A thread (1/20). πŸ‘‡
2/ This post was inspired by AAVE Chan founder @lemiscate who raised the alarm.

TLRD: He's right. MakerDAO actions are reckless and fueled by greed.

But if you take a closer look at the risks for DAI, a new image emerges. πŸ‘‡

3/ MakerDAO is printing free cash right now, at your expense, of course.

They issued 100 mil DAI which can only be accessed by borrowing it against USDe/sUSDe collateral.

At a HUGE costs for users & mega profits for Maker - 66% APY on 100 mil!

What's really happening here? Image
Read 21 tweets
Feb 20
1/ What Ethena has built is impressive & hard. A short 🧡

The reason every big name is on board is the opportunity for profits.

For every perpetual long in crypto, Ethena will be the counterparty farming the ETH funding rates you pay.

A day after launch, USDe TVL is $300 mil Image
2/ Ethena is impressive due to its scale, complexities required and parties involved, but also benefits.

USDe is a synthetic stable 100% backed by a delta neutral ETH position farming yields:

50% stETH (spot), 3-6% APY
50% ETH short position, funding rates <30% APY

Nice eh? Image
3/ Exchanges (DEX & CEX) are happy because of all that liquidity & volume & fees.

USDe stakers (sUSDe) are happy because the yield is real.

USDe users are happy because they have a censorship resistant stable + ETH users see prices go up.

But at what risks? Plenty of that. Image
Read 11 tweets
Feb 6
🚨 Are Liquid Staking Tokens (LST) creating a ponzi?

▫️ I stake ETH and get stETH
▫️ I re-stake stETH and get lpETH
▫️ I re-stake lpETH and get xxETH
▫️ ...infinity...

stETH lost its peg vs ETH in the past!

This will turn into a giant crash one day.
Image
Image
You cannot create more value from NOTHING!

Restacking and LST tokens start to sound like ponzinomics to me.

Every cycle of re-stacking is just MORE LEVERAGE on the original asset, i.e. Ethereum!

When the peg WILL be lost, it will be BRUTAL.

Plan for it if you use LST. 100%!
Oh and if you think your ETH is safe in stETH, it's not!

You can lose all your ETH by staking. The risk is real and material.

The bigger this LST bubble gets and the deeper you go in the cycles, the higher your risk of losing it all.

If you value your ETH, don't do LST. πŸ‘€
Read 4 tweets
Dec 15, 2023
🧡 The best trader in the world is Jim Simons.

Average yearly return of 66% for 30 years. His Medallion Fund is open only to his staff.

His secret? Mechanical trading using computers and gazillions of data to predict the future.

He lived in 2023 back in 1988. But there's more! Image
2/ To join him you need a degree in computer science, mathematics, physics or statistics.

Out of 300 employees, 100 have a PhD in the above. If you're a Wall Street trader you wont be hired.

In the beginning, he failed as a trader using traditional methods. Image
3/ As a math genius, he knew he could build an algo to beat everyone else and remove emotion from trades.

β€œIf we have enough data, I know we can make predictions.”

His algo works best at $10 bil before returns decline.

Their data set grows by more than 40 terabytes a day. Image
Read 11 tweets
Oct 6, 2023
I've been researching @THORChain

They say you can take loans at:

πŸ”Έ 0% interest
πŸ”Έ no liquidations
πŸ”Έ no expiry

What? Here are my findings. A thread. 🧡

(01/16) #RUNE Image
2/ I became intrigued by RUNE pumping after they launched their new lending mechanism.

If their loan terms don't surprise you, then this may:

πŸ”Έ They don't even want you to pay back your loan

What's going on here? Red flag or a smart design? Image
3/ Every time you deposit collateral, the lending mechanism uses it to buy RUNE, then sells half to pay you in USD.

Price pumps + they burn RUNE too = less supply

See where this is going?

Note that they LIQUIDATE ALL your collateral!

They don't want you to come back - why? Image
Read 16 tweets

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