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Apr 4 β€’ 9 tweets β€’ 6 min read
1/ 🚨 I started to de-risk and exit @anchor_protocol / #UST.

Just pulled out 15k UST (see pic). Will exit in full slowly.

Risk profile is too high & increasing.

#USDN crashing today is a bad omen.

20% / year is not worth the risk.

Protect capital at all costs! My reasonsπŸ‘‡ Image
2/ Why #UST "stablecoin" and Anchor yield have a high risk profile.

This is NOT the place for your life savings!

Next πŸ‘‡

3/ #USDN - algorithmic stablecoin crashing over 30% today... $1 billion in fake money vanishing.

You think #UST market cap is real? lol

Next πŸ‘‡

4/ #Terra #Luna #UST CEO is a bit too emotional for my taste.

Just look at his actions. NextπŸ‘‡

5/ "If UST fails, all crypto fails" - big red flag.

NextπŸ‘‡

6/ Is this a decentralized ecosystem?

Seems like a cult with a group of friends running it. πŸ‘‡

7/ Tick tock, tick tock. πŸ‘‡πŸ‘‡πŸ‘‡

Lets see if they top up Anchor again.

They must, else... πŸ’₯ Image
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P.S. This worries me. πŸ‘‡ UST market cap growth angle is lowering.

If this continues it may signal a top!

You know what follows after. 😱 Image

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More from @DU09BTC

Duo Nine Profile picture
Apr 4
1/ Here is why #USDN is crashing, check the date.

Sounds familiar to another decentralized stablecoin?
2/ The crash continues. See next tweetπŸ‘‡

3/ Is #UST / #Luna safe?! πŸ‘‡πŸ‘‡πŸ‘‡

Read 5 tweets
Duo Nine Profile picture
Apr 3
1/ Just watched this documentary on Netflix about the Canadian crypto exchange #QuadrigaCX that collapsed in 2018.

The CEO basically ran a ponzi & gambled away $150 mil in user funds when he was making 2% in fees on transactions - out of over $1 bil in volume!

What an idiot. πŸ‘‡
2/ Guy was addicted to gambling and his plan from the start was to create a crypto exchange and scam users.

Yet, his exchange became the most successful in Canada and he would have been rich on a legitimate business. My god!

Greed kills people and this guy literally died.
3/ Gerald (the CEO) basically moved all user funds to other exchanges and gambled them away while he credited users with "fake" crypto / CAD.

Once the 2018 crash happened, he could not process withdrawals as people exited crypto and the exchange collapsed.

Users money lost.
Read 7 tweets
Duo Nine Profile picture
Apr 2
1/ The battle between decentralized stablecoins just got serious!

Terra announced the 4pool on Curve made of #UST, #FRAX, #USDC, and #USDT.

This pool is a direct competitor of 3pool: USDT, USDC & DAI (a decentralized stable).

Why was #DAI singled out? Revenge.

A thread πŸ‘‡
2/ Before explaining what Curve Finance is and the 3 & 4pools, here is why Terra's CEO hates DAI.

@MakerDAO Founder (DAI) called MIM & UST "solid ponzis" in Jan 2022 (pictured).

Terra did not take long to respond and their plan is aimed at crushing DAI.

How? πŸ‘‡
3/ @CurveFinance is the largest AMM for stables with almost no slippage & very low fees.

It is the to-go place to swap stables for whales = juicy fees + extra profits for those controlling CRV rewards allocations.

Who controls CRV rewards, has a huge leverage on DeFI.

Next πŸ‘‡
Read 13 tweets
Duo Nine Profile picture
Mar 18
1/ Terra CEO is buying billions in #Bitcoin with free money. How?

Is the end game to create a Terra β€œecosystem” or to accumulate BTC, the best asset in the world?

This is happening right under your nose as I post this. Possibly at your expense! Best to prepare.

A thread. πŸ‘‡ Image
2/ Terra’s CEO is buying #BTC with UST & Luna

Why?

Why not buy and hold Luna instead?

Because he knows Luna is a poor long term investment.

He’s so smart he is buying billions in BTC with free money! Got to give him credit for that.

Here is how πŸ‘‡ Image
3/ How do they create free money to buy BTC?

By using smart tokenomics!

They burn Luna to mint UST.

Instead of the dollar value transferring from Luna’s market cap (mc) to UST mc, the dollar value is retained in both market caps!

WOW I just doubled my money! Better yet πŸ‘‡ Image
Read 25 tweets
Duo Nine Profile picture
Mar 1
1/ The value proposition of #Bitcoin just became even more evident to a lot of people.

No wonder #BTC pumped over 30% since the Russian invasion a week ago!

The world it starting to quickly see that Bitcoin is a real solution to very real problems.

Here's why, a thread πŸ‘‡ Image
2/ The reactions to the war in Ukraine, including the Western sanctions, have highlight one MAJOR shortcoming of the current financial system.

Transactions and bank accounts can be FROZEN overnight and can be almost UNIVERSAL in their reach.

What does that mean? πŸ‘‡ Image
3/ Such actions impacted regular people, banks, a central bank, oligarchs, the rich in general and so on.

In one word, EVERYONE is at risk of losing ACCESS to their wealth in traditional finance.

Even Switzerland did it, a neutral country.

Examples next πŸ‘‡ Image
Read 11 tweets
Duo Nine Profile picture
Feb 24
Here's my take on current events & markets.

πŸ“ŒTLDR: The bubble has burst. Not just for the market, but for the world we live in. 😱

Reality is back in fashion. We do not live in a post-war world. On the contrary, war is in Europe now.

How will the (crypto) markets react? πŸ‘‡
2/ Let's start with #Gold or #XAU.

Last week I posted this idea. MAJOR breakout for Gold. That was the time to enter...

Funny how the technicals were so on point in the current context. Smart money bought early!

Gold should reach $2k soon. Next #BTC πŸ‘‡
3/ #BTC kissed $34k as predicted weeks back.

Normally we get a bounce here, but I am not optimistic.

When US wakes up and with the situation so fluid in the world, expect further pain.

MAX PAIN is not here, not yet at least.

Prepare for sub $30k, it is likely now. Next πŸ‘‡
Read 10 tweets

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