DeFi thread - Why I am calling the top (At least for now)
1/ DeFi is too difficult to use.
While traction for DeFi (AMM + deposits/yield) has grown tremendously over the past few months, DeFi is difficult to use, the ability to lose funds scares most new users away.
2/ A good example is when a user sends 1M USDT to a smart contract. Unlike ICOs in 2017, DeFi is much more difficult to use and I'm skeptical that it'll attain mass adoption.
1/9 Thread - Trading Alpha lies in areas neglected by people, this is probably why I don't use TA (because if everyone's doing it). While I post some of my thoughts and trades but I rarely give a 'satisfactory' answer on HOW I arrived at those calls, so here goes for a past trade
2/9 'The Big Straddle', Pre-Mar 13 trade
PnL of this Put trade was only around 40-50 #BTC because part of the trade was a hedge and we lost the premium on the calls we bought, breakdown:
1) Short 65 x 10K Puts Jun 2020 2) Long 100 x 8K Calls Apr 2020
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