Thread by @the_economystic

1/ Maiar DEX scheduled maintenance? Yes.👇

+ Arbitrage and $MEX burn on @MaiarExchange? Maybe definitely.🔥🧠 #EGLD

+ + Some thoughts on the market 😔 and xday.com 😁

+ + + Adoption through Education via @ELROND_INITI #EarnINITI

I hope this thread finds you. 🙏

https://twitter.com/MaiarExchange/status/1576984817102909440

2/ From @beniaminmincu 👇

https://twitter.com/beniaminmincu/status/1576990450090913792?s=20&t=3YKHUR5qAFncD0rO8JhUsA

3/ Once Maiar DEX reopens, there may be opportunities for #ARBITRAGE on @MaiarExchange. (TBH when I saw @MaiarExchange under maintenance the first thing I thought was maybe volume for $UTK arbitrage increased too rapidly crashed the API 😂 )

https://twitter.com/the_economystic/status/1577016859869659137?s=20&t=cM9iwyFB_Cv_9HtAIeFYSQ

4/ Example: You buy $UTK on @MaiarExchange for $0.11, transfer it & sell it on @binance for $0.14. ✅ There are bots that look for these opportunities and will use arbitrage. If @MaiarExchange has a better price for $UTK, that is net positive + will increase $MEX burning. 🔥 🧠

5/ During the bear market, volume is at its lowest... it falls lower and lower and lower until 1) supply runs low, demand starts pushing prices higher and people start moving more into this growing asset. Eventually 2) new money comes in.
Volume deceleration is bear behavior...

6/ The most compelling aspect of $MEX's original tokenomics is that "0.05% from LP fees will be used to buy MEX and burn them."

7/ When we're in a bear market and volumes are at their lowest, also too is the pace that $MEX is being burned. @MaiarExchange is designed in such a way that will create long-term value in the DEX as usage increases.

8/ It's been really interesting to watch the bear market unfold. As time continues on, it's true that the bears slowly drift away, don't they?

9/ The time drifts away; bears lose interest and they simply don't show up to fight the fight anymore. After all, from a bear's perspective, they leave what they think is a dying market that won't return. They believe they are on a sinking ship.

10/ Here we are now: It's been 315 days since $EGLD was at its last peak in November 2022. Things have simply quieted down. Reminder that I started my crypto journey in fall of 2017 and I've stuck with it since then. I've seen all the ebbs and flows since then.

11/ One thing I've noticed is that market lows never get easier. They all have the similar effect in that they naturally push people away and out of the market. Some of it is for good, some of it for bad, but it is only natural.

12/ 👉 I hope this message finds you, reader, because when nobody is interested in a particular thing, that's when you may build the most profitable positions of your life. If you've been paying attention to this market as it carves out a bottom, you'd realize little has changed.

13/ Teams continue to exist, updates continue to roll out, collaborations and partnerships are forged regularly, and for #EGLD, we have xday.com that we are all on the verge of witnessing together!

14/ I could only realize a fraction of what #crypto could do in 2017 when I was started investing in #Bitcoin. In 2019 I discovered @ElrondNetwork and began increasing my portfolio's allocation into $EGLD.

https://twitter.com/the_economystic/status/1572704536866983936?s=20&t=e-9tS-7CRImYL8BHNMXDgw

15/ Again I hope this word finds you, reader, because if you so happen to be reading these words on this day, Oct. 3, then it means you have found a treasure. Maybe you just started buying #crypto; perhaps you've been in the @ElrondNetwork ecosystem for months or years by now...

16/ Markets will run their course, but adoption means less and less time between *BOTH* market peaks and valleys. More eyes are on the #crypto markets now then every before. There will be another blow-off top and #mania phase, then there will be a "bear market"...

17/ Every time it will look & feel differently; odds are each price direction change will catch you by surprise... It is almost destine to happen! For me, I have decided to take on a higher % of risk & maintain the majority of my net worth in $EGLD & the @ElrondNetwork ecosystem.

18/ I anticipated growth and upwards price trajectory in 2017. I bought the bear market from 2017 to 2018. I panic-sold and then bought-back during COVID-19 sell-off. I let the market play me for years, but I managed my portfolio to remain as exposed as I could manage. #BULLISH

19/ I've bought and sold many coins and tokens in my time, and after 5 years of learning this market I discovered "movement" that work best for me; it's taken me 5 years! I expect people to learn this overnight even though it took me 5 years. 🤣

20/ It's okay though, because it's important for you to hear me talk about this! Hearing me talk about it won't necessarily make the trial any easier, but hopefully it will help you feel a little bit more normal about buying more as price went lower. 🤪

21/ Some will get it; some will not. At the end of the day, we all do what we believe will be best for us! This is only nature; and that is okay for all. 🌱🌅

22/ Staying attentive and interested in the market is the most difficult part. This is why I have been working to do my part to give people reason to stay excited and engaged so they they can come to learn what is really going on under the surface with #blockchain and #web3.

23/ Firstly, I started @PodcastElrond with my friend @TheOGMadrigal where together we've pushed out over 25 videos and 19 full-length Podcast Episodes discussing *hundreds* of varying topics since the beginning of the bear market.... youtube.com/c/PodcastElron…

24/ Secondly, I put up $10,000 of my own money to fund the treasury for @ELROND_INITI creating an avenue for people to get paid to share and teach each other about @ElrondNetwork.

25/ @ELROND_INITI is a growing group of 17 people who have made contributions that seek to raise awareness about @ElrondNetwork based off of a directive from @beniaminmincu. "Adoption through Education". ⚔️ Watch below! 👇