Let's talk about Binance. They are scared!

They caused the crash and $23 billion left their treasury as users pull out funds.

They are handing out $400M to appease users and investors, but it made things worse. They also changed price charts after the crash.

A thread 1/9 🧵 2/ When $23 bil leaves your exchange, you panic. That's why Binance is handing out $400M even if they don't admit any fault.

Weird right?

That's because all data points to Binance as the cause of this $100 bil crash. The $20 bil figure is understated.

https://x.com/DU09BTC/status/1978139989738455128

Crypto changed for me when I realized there are 5 decisions that actually matter.

The rest are just noise. Bookmark this thread. 🧵 1. Time in the market beats timing the market.

Simply buying and holding Bitcoin puts you in the top.

You'd outperform hedge funds, most traders, and gem hunters. The risk/reward is simply not there when benchmarked against BTC.

https://x.com/camelagainagain/status/1942580631667413127

I just finalized my best desk setup ever.

A thread with all the bits and pieces. 1/12 🧵 Standing desk by Okamura.

- sloped edge for max hand comfort
- no wobble at any height, up to 125 cm
- soft texture

If you spend a lot of time in front of the screen, a standing desk is non-negotiable.

Bigger is better. You'll understand soon why.

Twelve ways people get scammed or hacked in crypto.

Number 9 is a must read!

Bookmark this thread. 1/16 🧵 1/ You get a cold DM on twitter, Discord, or X with an offer to work for a protocol.

To do this, you need to download their app to "test/review" it.

Your hot wallets get drained as soon as you install it.

MicroStrategy $MSTR will crash in a spectacular fashion if Saylor does not change course.

Here is why. A thread 1/21 🧵

The similarities with Terra Luna are deeply concerning. Bookmark this! 2/ Saylor is creating money from thin air to buy more Bitcoin.

He mints new $MSTR shares at will and sells them to buy more BTC. Smart, right? Except there is a catch.

Where did we see this before?

https://x.com/DU09BTC/status/1504862614572179456

Five myths about money nobody tells you about.

Few will recognize the second. Bookmark this!

A thread 1/9 🧵 1️⃣ Silver is hard money.

Nope. It's a fool's gold.

This is why it has historically underperformed gold. Silver is like any stock or altcoin. Avoid it if you want to protect your wealth.

Those buying silver are like those buying LTC expecting it to beat BTC. Just don't.

Is $TRUMP a money grab and should you buy it?

Let's find out. A thread 1/18 🧵 1/ Trump just turned the crypto ecosystem on its head with this launch. He opened the pandora box.

This has huge implications for everyone in this space.

We start with the $TRUMP launch, then move to its tokenomics and fundamentals. My TLDR is at the end.

My top 10 lessons after creating the $RAT meme token that went from $50 to $15 million mcap in 21 days.

Big announcement at the end. A thread 1/16 🧵 2/ $RAT started as an accident. It was not planned.

I created the token on @pumpdotfun, and it exploded in 24h.

This told me I had something good on my hands. So I doubled down (#1 lesson).

Then my YCC community doubled down. The result?

How I created a Solana meme coin, got it to 500x, then it crashed 98%, creator wallet got drained by hackers, and my own team betrayed me.

All this in two weeks. A thread 1/12 🧵 It’s called $RAT or @RATescapeplan

1 bil tokens max supply, all circulating. Almost 1k holders and its last bull market lasted a week and reached $6M market cap.

It’s listed on @coingecko too. Let’s start.

How to find the top in this cycle. A thread.

When you see these 10 signals flashing, it's time to bail. Signal 9 will tell you when to sell altcoins.

Bookmark this thread! Let's go. 1/12 🧵 2/ Signal 1: Terminal Price

Bitcoin price hits the red line? Sell hard.

Current terminal price is 170k.

This accounts for the movement of Bitcoin on-chain. @_Checkmatey_ invented this indicator.

Bitcoin is in trouble.

If nothing changes soon, things won’t be pretty.

I’m not talking about the halving schedule or block rewards, it’s much more serious than that.

A thread 1/17 🧵 2/ As Bitcoin goes mainstream, fees to transact on its network will replace block rewards.

This will be gradual and take place over decades. However, a new problem is starting to emerge.

It was harder to predict this, but now it’s here.

If you hold Ethereum, you are in trouble.

Uniswap, an ETH dApp generating $500 mil / year in fees, just created its own L2. Now, those fees are reduced by 100x and go into Uniswap pocket.

Multiply this by 100x with other dApps and ETH's price will go to zero. A thread 1/12 🧵 2/ The reason Ethereum has value is because of its fees that generate demand for its native token.

At the time of this post, it costs over $10 for a simple token swap.

ETH is on borrowed time as users are rightfully ditching this expensive chain. Who's to blame?

It took me 10 years in crypto to learn this - PART 3!

I'm offering you a shortcut so you don't have to wait that long.

The cycles repeat, but they are not the same.

Here's Part 3. A thread. (1/11) 🧵 2/ Since I started in 2014, I made many mistakes, but nothing compares to this one.

Buying altcoins.

But what did I know back then? Nothing. If you're new to crypto, learn from this thread.

What's my lost profit over the years thanks to alts?

Last night I was the victim of one of the most complex social engineering scams I've ever seen impersonating @paraficapital staff.

If you're in crypto, you are a target.

This thread will show you how they did it and if they succeeded. Time to find out - 1/15 🧵 2/ If you have any following they will target you. Their account will look spotless, clean text + X verified.

Ryan is a Principal of a billion dollar crypto company and sends you a DM on X, then he moves you to TG.

Your first priority is to confirm credentials. How?

It took me 10 years in crypto to learn this - PART 2!

I'm offering you a shortcut so you don't have to wait that long.

The cycles repeat, but they are not the same.

Here's Part 2. A thread. (1/12) 🧵 2/ Altcoins are highly extractive.

VCs print tokens from thin air with a cost basis of ZERO.

When there is any demand for their token, they sell and absorb that demand. This is how they take your money, legally.

This is also why your blue chip alt didn't make a new ATH.

It took me 10 years in crypto to learn this.

I'm offering you a shortcut so you don't have to wait that long.

The cycles repeat, but they are not the same.

Here's Part 1. A thread. (1/11) 🧵 2/ Ethereum is having an existential crisis.

What's the point of ETH if all transactions + volume moved to its L2s?

Until ETH finds its purpose again, L1s like Solana will chip away at it.

It still has the mass, but the clock is ticking and Vitalik singing won't fix it.

Years ago, I used to work long corporate hours. Left work late, burnouts too.

Then I quit.

I sometimes think of my colleagues still there today. Here’s what I did different. A thread 🧵 2/ I bet on myself.

I always had an appetite for risk. Leaving a “stable job and life” for the unknown felt liberating.

Looking back, that old life was more like prison.

🚨 WTF is going on with WBTC?

BitGo, the custodian of this $9.4 bil mcap token, shocked the DeFi ecosystem. They plan to move the BTC backing to multiple jurisdictions.

All good until you read Justin Sun is a strategic partner in this move.

Time for a thread (1/10) 🧵 2/ Here's the latest timeline:

9 Aug - BitGo announces move of assets to Bit Global, a Hong Kong entity. This joint venture will make BitGo a minority shareholder

10 Aug - MakerDAO (DAI creators) discuss off-boarding WBTC from their app

13 Aug - Coinbase announced cbBTC

There are four narratives making waves in crypto right now:

1️⃣ Ethereum is dying
2⃣ Bitcoin FOMO by institutions
3⃣ XRP settled with the SEC
4⃣ Blast chain turned into a slow rug

Let's dissect them one by one. An XL thread (1/16) 🧵 2/ When both Bitcoin and Solana outperform Ethereum, you got to ask yourself some serious questions.

ETH maxis and devs are already throwing the towel. What is going on here?

I may have an answer to this puzzling conundrum with tweet #15 about to shock you. Next.

🚨 WTF is going on?

Japan's Nikkei just had the largest crash in history, Bitcoin went under 50k, and the US FED will hold an emergency meeting today.

TLDR: Leverage. A tiny thread (1/6) 🧵 2/ Five days ago, the Bank of Japan (BoJ) increased interest rates from 0% to 0.25%. This early increase surprised the market.

Before this, anyone could borrow Yen at no interest, change them to USD, and buy stocks. Free money basically.

But there was a problem.

You just bought more Solana expecting it to reach $1,000.

Meanwhile, VCs are laughing at you as they print millions of new tokens from thin air.

In total, 60 mil SOL since August 2023 or 15% inflation per year. You're lucky if SOL breaks over $200 again. A tiny thread (1/4) 🧵 2/ I know Solana delivered a 25x since it was $8 at the peak of the last bear market.

It did well, I agree. But don't fool yourself to think it can do that again. Why?

Its circulating supply was 301 mil at $260 in Oct 2021 (ATH). Three years later it added 161 mil new tokens!