woolsim Profile picture
mostly digital currency and some philosophy etc. LFG! 🚀
May 24, 2019 12 tweets 3 min read
You guys don't know that your favorite exchange has always had the margin trading, both longs and shorts across every market since forever, but it was just only available to its insider trading desk. They longed shit and they shorted shit based on user data. I have said this before, but shitcoiners don't want to hear the truth. That's how they profited + generated volume. It's obvious. That's how your bullish alts dumped so much when they were not supposed to. That's also why your "bullish alts" got any value in the first place.
Mar 25, 2019 6 tweets 2 min read
Is long holding exchange token good idea? $BNB $KCS $BIX $OKB $HT $BTMX
Imo, no. Here's why I think so:
- Coin exchanging business has got commoditized. Everyone and their dog is launching an exchange and there is no real edge one may have over the other, other than liquidity - Coins such as $BTMX with only 5% of total in circulation are valued at $60 million for just the circulating supply. Are you really ready to value an exchange's token at $1.2billion and long hold it with confidence?
- A lot of exchanges run on same whitelabel software.