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web3 collector and builder. co-founder @fingerprintsDAO and BrPunk/@punk7406. BAYC #2801. PUNK. 5x KODAs. Creator of SOPR indicator. 1D=1B. renatoshira.eth
Aug 7, 2021 9 tweets 6 min read
Photography NFTs, why? A little thread.
Many people say that photography is a commodity, given that everyone has a phone that can take high quality photos, at any moment. So, photos have unlimited supply and low value. Or is it? The truth is that some photos are unique. They were taken in singular situations, that might never repeat again. Some carry a lot of unreproducible meaning. Some take a lifetime to be the taken.
May 15, 2019 6 tweets 2 min read
The big correction everyone is waiting for may not come right now. Why?
(thread) SOPR's relatively high, and this would normally push prices down, as there is a supply increase (ppl are more likely to sell the more profits they have).

But prices are not responding to that. Two possibilities: the demand is increasing or something is holding the supply.
Apr 25, 2019 9 tweets 3 min read
Introducing SOPR: spent outputs to predict bitcoin local lows and tops. The SOPR is calculated from spent outputs. It's the realized value (in USD) divided by the value at creation (in USD) of the output. Or simply: price sold / price paid. medium.com/@renato_shira/… When SOPR > 1, it means that the owners of the spent outputs got profit from the operation. Otherwise, losses. The bull market seems to reject SOPR below 1, and the bear market to reject SOPR above 1.