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Luke Martin Profile picture
Luke Martin
@VentureCoinist
Tweet about coins going up & down, try to buy the ones going up. Bitcoin/Altcoins. @StacksPodcast
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Mar 20 • 20 tweets • 3 min read
I may be the first person on Solana to rug themself.

Imagine the Slerf guy, but even dumber.

If you trade memes you'll enjoy this thread for an inside look at how memecoin sausage is made:

🧵 In a CT convo with @blknoiz06 10 days ago, people turned my dog into a meme.

(tbh the dog does look absurd)

It took 10 mins for 5-6 fresh memecoins to start popping up on Solana.

And expectedly....some of them started to rug.
Nov 14, 2022 • 7 tweets • 3 min read
1/ Wow.

He's starting to admit what happened.

Alameda accumulated a large margin position and let it run until both went bust.

Crazy rewatching my conversation with him 3 years ago explains his thought process for improvements at FTX that eventually caused it to blow up.

⤵️ 2/ Sam wasn't happy with the inefficiencies normal crypto derivs platforms have to deal with.

Crypto derivs venues have to ensure an account doesn't go negative...has to be the matching engine & clearing house in one.

He wanted a crypto exchange that operated more like tradfi.
Nov 14, 2022 • 16 tweets • 4 min read
1/ I have a dm conversation with Sam from 2019 that is absolutely hilarious given what's happened.

(obviously what happened with FTX is not funny, but SBF asking for .75 BTC is now)

And no, this is not photoshopped.

Let me explain...

🧵 2/ For the past few years I've hosted some of the best traders, investors, funds, analysts, and founders on my podcast.

My focus has always been on learning from the smartest people in crypto.

I realized it was a bonus if I could share those convos with everyone @StacksPodcast
Oct 14, 2022 • 14 tweets • 5 min read
1/ Wanna get rich quick?

Don't trade, submit DAO funding proposals.

I saw a thread highlighting that DAO funding is a serious problem so I checked out previous @harmonyprotocol funded grants.

It does not take much to receive a decent chunk of money.

🧵A few of my favorites: 2/ Aura Dogs DAO aims to spread good vibes throughout the crypto space.

Might sell some NFTs too.

Funded for $60,000 Image
May 22, 2019 • 4 tweets • 3 min read
Short term pattern worth watching for a large number of binance alts:

1/ Local low formed on May 14th
2/ Higher low on May 20th
3/ Pop happening 2 days after the higher low

Leaders are a guide. All up 10-35% on day 2 after HL.

How to take advantage? Find the laggers. Two more examples of the pattern:

- Low on 5/14
- HL 5/20
- 2 days after HL rises of 10-30%

Once again - the charts I'm showing have already had their jump.

The plays/setups that are still attractive have first 2 steps and are only up 1-3% today.

That's the inefficiency.
Mar 6, 2019 • 9 tweets • 3 min read
Correlation between $BTC & Altcoin/BTC price is high. True historically & currently. Put simply: if $BTC is rising, most alts rise vs $BTC.

It's not that simple though.

Market cap groups (large vs mid) of alts rise at different times relative to the $BTC move. Evidence below... 2/ In the last 3 months Bitcoin found a local bottom at $3200, and has risen to $4100 twice.

While I wouldn't call either of the ~20 day swings a full cycle it does give very clear insight into how large cap vs mid cap alts react to Bitcoin rising & dropping.
Jan 19, 2019 • 5 tweets • 3 min read
1/ Since alts are so highly correlated, finding patterns in coins that are already moving can lead to new ideas.

Noticed a pattern with $AE & $CMT last week.

- Dec low formed
- 2nd touch of Dec low then move up

$AE reached swing high so I can anticipate $CMT will too. 2/ Looking this morning at how this pattern is progressing just a few days later.

- $CMT reached swing high, as expected from pattern

Now I want to focus on the lagger or how I can take advantage of the highly correlated alts: playing the lagger > $ELF.
Nov 6, 2018 • 5 tweets • 2 min read
Building off my two threads about profit taking + positioning based on themes: $QKC is now all the way back down at original entry level from last trade.

One of the coins I'm buying back as money chases large caps.

There are plenty of setups like it... $QKC take two illustrated.
Nov 6, 2018 • 12 tweets • 5 min read
1/ A big part of trading alts is positioning for themes/cycles. Some examples:

- large cap vs mid vs small
- event driven > coinbase adds
- psychological > low sat coins or sector or exchange specific

In this thread I'll explain my approach to positioning for market cap themes. 2/ You have probably noticed that for the last 5 days large cap alts have been stealing most of the attention, volume and gains.

Coins like $XRP and $BCH doing the best. $ADA and others are close behind.

See here:
Oct 20, 2018 • 16 tweets • 7 min read
1/ Alts have been moving higher for over a month now vs Bitcoin

The majority of charts shared on twitter are setups, entries, or patterns. Exits and selling after original update are rarely discussed outside of "boom this moved 'x' %"

Should you take profit, or hodl for 2x? 2/ The comments when I posted that alts have been going up for 30 days were mostly disbelief, yet it's verifiable.

You can use the altcoin index to see it, or look at 90% of alt charts.

Sep 28, 2018 • 4 tweets • 2 min read
$QKC finding legs heading towards +20%. Positive start to the one setup walked through in new discord. Space for me to have a trade journal/explain stuff without it pumping from twitter...

Nice sign seeing some alts able to move - maybe a slight shift to 'risk-on' for market. $QKC hit +50% mark, and still climbing.

Fun first couple trades for the new group on discord (free) 👌🏻
Sep 19, 2018 • 9 tweets • 2 min read
1.) While it does sound like a terrible and malicious act for an exchange to trade against customers - it can also be beneficial to the users. 2/ Any exchange (or broker in traditional assets) that uses a dealing desk or makes the market, is inherently "trading against it's customers."

They might do this to:
> Make spreads tighter
> Provide more liquidity in times where it's thin
> Manage their own exposure
Jul 12, 2018 • 5 tweets • 2 min read
$ETH channel update. Shows how expensive or cheap alts are relative to previous cycles using Ethereum as a proxy.

Got requests to see an update to where we are now - helpful to visualize/understand *general* alt market value. 2/ Important note: have to consider trend/momentum as well....not JUST cheap or expensive.

Think of value as a much slower moving pendulum and momentum as the quicker moving one.
Jun 19, 2018 • 8 tweets • 4 min read
Which one of these lines got added to Coinbase last year? ( $LTC )

The lines are the dollar returns of 6 coins randomly picked, all in the top 20 mkt cap. 2/ $LTC is the red line. There were several replies to the post assuming it was yellow and that was a sign to buy $ETC ahead of the Coinbase add.

The data might show otherwise...
Jun 19, 2018 • 6 tweets • 3 min read
1/ Key points/my takeaways from the @PanteraCapital Blockchain Letter this morning....

Here is a quick glimpse into their portfolio companies and tokens: 2/ Access - built relationship with $OMG "well before any thought of a token" and "first inst investor into $ENG with highest discount"

While it is a positive to see a fund/influencer/prominent investor in a coin you like, its safe to assume they got a far better entry.
Jun 6, 2018 • 7 tweets • 3 min read
1/ Finally got around to reading this excellent thread on cross-coin correlations, and I havn't been able to stop thinking about this question posed by @cryptorae:

Through what path do correlations unwind and volatility rises? 2/ His thread breaks down the current market environment very well, so I suggest reading it first to understand the 'now' -> cross-coin correlation high with low volatility.
May 24, 2018 • 4 tweets • 2 min read
1/ Keeping it $OST today with a fresh look at this earlier. Simple Token was along/near April lows before respecting the support level to bounce up 10% on the day. Small move but its a nice early sign that the 'cheapest' coins along cycle lows can bounce if $btc stabilizes. 2/ The risk is there that $BTC goes lower and drags down alts with it (some more than others) but just like beginning of last month with $btc uncertainty high when looking for setups at Dec. lows, I like the r:r of the coins at April/cycle lows.

relevant:
Jan 30, 2018 • 7 tweets • 2 min read
1/ Some updated thoughts on the state of the current ICO cycle

-> Less being raised in public sales
-> Investors that can provide more than capital will start earning more allocation
-> The risk:reward ratio
-> Strategy even if you missed the initial sale 2/ *none of this is financial advise or a recommendation to invest in ICOs.

DYOR and find a strategy that is suitable for you.
Jan 25, 2018 • 7 tweets • 2 min read
1/ Right now its a landgrab for allocations to the best ICOs with increasingly higher percentages going to pre/private sales. 2/ My view on wy ICOs are booming and are able to raise capital so easily is because of the alt market has been trending higher since the beginning of December

my views on that here:
Jan 4, 2018 • 15 tweets • 5 min read
1/ Today's thread is a little different, but I hope it helps you navigate $crypto twitter and ultimately become a more informed investor with some tips/thoughts on how to use it effectively... 2/ Awhile ago I posted this about Twitter being the equivalent of a bloomberg terminal in traditional assets since this is the best place for the fastest news + some of the sharpest minds on any cryptoasset topic