https://twitter.com/milesdeutscher/status/1552281885438488577

Aptos is an exciting new blockchain developed by

@AptosLabs

, founded by former Meta (FaceBook) employees. It's capable of powering 160,000 TPS, and has $350m of backing from FTX, Coinbase, a16z, Multicoin Capital and more. : A full breakdown of the new Layer 1: Aptos.

Don‘t lack money！

1/ In this thread, I'll cover:

• What is Aptos?

• The Tech

• Development

• Funding

• Ecosystem

• Where it fits in a competitive L1 landscape

2/ Aptos is a new L1, founded by former

@Meta employees

@moshaikhs and @AveryChing

. They previously worked on the now-defunct Diem project by Meta Platforms.

3/ Diem (formerly known as Libra) was a permissioned blockchain-based stablecoin payment system. The project was worked on by Meta for 2 years, before being abandoned in January 2022.

4/ But, born from Diem was Move: A safe and reliable programming language which is now powering two new L1s: Sui (by

@Mysten_Labs ), and Aptos (by @AptosLabs ).

5/ THE TECH "Move" is aimed to solve the flaws of Solidity and EVM. It is:

• Originally designed for Meta (FaceBook)

• Memory safe

• Quick for dev testing

• Expressive

• Home to both SUI and Aptos (up-and-coming L1s)

https://twitter.com/tracecrypto1/status/1544332560389607424

The Hightlight is Move language.

6/ TLDR: Don't fade Move (it's very impressive).

https://twitter.com/simplyianm/status/1546682656301219840

7/ Aptos itself is defined as a high throughput and performance blockchain, which has a theoretical limit of TPS 160,000. It's a POS blockchain, which harnesses the power of Move to implement the parallel execution of transactions via a BFT consensus.

https://medium.com/aptoslabs/the-genesis-of-aptos-ff98d86e9445

8/

@AptosLabs uses a Block-STM execution method, capable of powering 160,000 TPS. "We designed and implemented a highly efficient, multi-threaded, in-memory parallel execution engine that can execute over 160k non-trivial Move transactions per second."

https://medium.com/aptoslabs/block-stm-how-we-execute-over-160k-transactions-per-second-on-the-aptos-blockchain-3b003657e4ba

9/ They achieve this by bypassing the sequential execution that many blockchains utilise (but isn't optimal for scaling), instead opting for "a parallel execution engine that extracts the maximum inherent speedup that is possible." The chart below plots Block STM performance.

10/ Even

@aeyakovenko (Solana co-founder) is a big fan of Parallelizable execution environments.

https://twitter.com/aeyakovenko/status/1546535426583719937

11/ The tech is so exciting that one of his colleagues from

@solana , @austinvirts decided to join @AptosLabs as Director of Ecosystem.

https://twitter.com/austinvirts/status/1549115616233041920

12/ Apparently, the network speed is so fast that the team minted millions of NFTs on testnet in under an hour 'for fun.' This makes the chain perfectly suited to blockchain NFTs/gaming, a space which is expected to grow rapidly.

https://medium.com/aptoslabs/aptos-nfts-solving-nft-minting-at-scale-79a4334ac8ac

13/ Aptos approaches tech developments with user experience in mind. This stems from the belief that "the user experience needs significant improvement in safety and scalability in order to reach the masses." If executed correctly, it could offer a major competitive advantage.

14/ DEVELOPMENT Aptos has a Devnet which allows coders to contribute open-source code. Impressively, there's already a huge list of developers, including: Coinbase, Binance, Anchorage, Blockorus, Livepeer, Moonclave, Paxos, Paymagic, Rarible etc.

15/ ~8000 developers are currently in the Aptos Discord server, which consists of 63,000 members. Additionally, there are already ~4k node operators from 40 countries. This is despite Aptos not yet having a whitepaper.

16/ In order to incentivise development, Aptos announced a grant program. DeFi, NFTs and Gaming are key focuses for the team, who are paying (a not yet disclosed amount) to developers who successfully apply for their grant program.

https://medium.com/aptoslabs/announcing-the-aptos-grant-program-7654b92e22a1

17/ Development is an important consideration, as it affects the quality of applications on-chain (impacting user acquisition). Invest early in the cycle and you stand to benefit the most, as per the flow of funds model: Capital > Developers > Users > Transactions > TVL >Price.

18/ FUNDING Aptos is one of the most well-funded projects in crypto. They announced a $200m funding round in March, led by

@a16z

. The raise also includes investments from: • Multicoin Capital • Coinbase Ventures • 3AC (this aged well) • Tiger Global • FTX Ventures

19/ Fast forward to yesterday, and Aptos announced their Series A funding round, raising an additional $150m.

https://twitter.com/AptosLabs/status/1551559864744386560

20/ This round includes some HUGE backers: • FTX Ventures (led the round) • Jump Crypto • Andreessen Horowitz (a16z) • Multicoin Capital • Circle Ventures

21/ For comparison, $SOL raised $25m before launch, compared to Aptos at $350m.

https://twitter.com/coinmamba/status/1551624745774465024

22/ Sui by

@Mysten_Labs

, which is also built on the Move programming language and shares many of the same investors, is an official parter of Aptos. Both have been heavily bet on by VCs, commanding valuations of $2b+. They are being touted as 'The Heirs of Diem.'

23/ A partnership between the two likely indicates interoperability, made seamless by Move. The success of one inherently benefits the success of the other (hence why most VCs decided to bet on both). Read more about Sui here:

https://twitter.com/milesdeutscher/status/1547048951504703488

24/ Importantly, although they both use Move and share similar backers: The technology does have some key differences: This thread does a great job of comparing each aspect of the two:

https://twitter.com/cryptoalvatar/status/1551878534926401537

25/ ECOSYSTEM There are 5 major ecosystem sectors that the Aptos team is working on: • A decentralised stablecoin • AMM/DEX • Custom wallet • Money Market • Oracle Full credit to

@JAI_BHAVNANI

26/ Let's break down these 5 key projects from each category: STABLECOIN: Thala Labs

@ThalaLabs

is building a 'hyper efficient' stablecoin on Move. The protocol documents are expected 'soon'.

https://twitter.com/ThalaLabs/status/1552052231624466432

27/ DEX: Pontum Network

@PontemNetwork

is the first DEX on Aptos. Offering volatile (Uniswap), and stable (Curve) asset swaps. It's also backed by: •

@MechanismCap

•

@AlamedaResearch

•

@Delphi_Digital

•

@KeneticCapital

•

@animocabrands

https://docs.pontem.network/00.-about-pontem/about

28/ WALLET: Martian Wallet

@martian_wallet

is a digital wallet, available as a chrome extension (similar to MetaMask). It looks set to become Aptos' biggest wallet, and already has 15,000+ downloads. Here's a video of it in action:

https://twitter.com/martian_wallet/status/1551250361771610116

29/ MONEY MARKET: Vial

@vialprotocol

is a borrowing/lending platform, similar to

@AaveAave

. A much needed piece of infrastructure in an advanced DeFi ecosystem.

30/ ORACLE: Switchboard

@switchboardxyz

is an oracle on the Solana mainnet, which is expanding to Aptos. We will also probably see a

@chainlink

integration in the future too.

31/ But, the ecosystem is even more expansive than these 5 projects, with over 100 known projects currently in development.

https://twitter.com/MrAme34090868/status/1551320554841448448

32/ So, with big backers, deep pockets, an experienced team and active ecosystem development - how does Aptos fit into the current layer 1 landscape? Firstly, let's consider the vested interests at play (VC backing).

33/ It's clear by now that

@SBF_FTX

is making big bets on both Sui and Aptos, leading funding rounds for both. Clearly Sam is a fan of Move and the technology powering these chains. It's never wise to zig when Sam zags. But what does that mean for

@SBF_FTX

's other ventures?

34/ .

@pythianism

raised a valid point: That the launch of this chain could detract from the value capture of SBF's other tokens.

https://twitter.com/pythianism/status/1551574958450655232

35/ We know that SBF has a vested interest in multiple tokens, thus capturing the upside of his trajectory may become more difficult than anticipated. Does $SOL take a tangible hit with the focus shifting to Aptos? It's certainly an ever-increasing competitive landscape.

36/ But in such a competitive landscape, where does Aptos fit in? Firstly, the flexibility, security and interoperability provided by Move is a huge advantage. If they can deliver on the tech, users and developers should love Aptos, considering their heavy focus on UI.

37/ More L1s means more competition. Competition leads to increased innovation, yielding better results for the consumer in the long run. Although it makes portfolio allocation slightly more difficult, a competitive environment is exactly what web 3.0 needs to progress.

From an investing perspective, the thing that Aptos looks most like is not Solana. It’s Dfinity/EOS/Filecoin/Algorand.

Especially Aptos will launched in the early bear market!

Paladin AD

#BTC is looking for another retest of the 200 WMA, currently ~$22.6k.

Somehow, WAGMI (We All Gonna Make It)

Xi will follow Putin to ban Bitcoin and cryptocurrency as a means of payment in China

#Crypto is for mercenaries. #Bitcoin is for missionaries.

Michael Saylor

https://twitter.com/Immutable/status/1547974279903424516

https://www.enterthemandala.io/

https://twitter.com/btroverse/status/1547970325723303940

Shanghai aims to build a $52 billion metaverse economy by 2025

It’s a joke!

https://twitter.com/XANAMetaverse/status/1547945730421141505

https://xana.net/

https://twitter.com/Shibtoken/status/1547328846164369409

https://twitter.com/CryptoBatzNFT/status/1547676358783823873

https://twitter.com/CryptoBatzNFT/status/1547676358783823873

https://twitter.com/tonyhawk/status/1547242461218877441

https://twitter.com/Metavers_Worlds/status/1548057251562541056

https://www.archdaily.com/984891/is-metaverse-really-the-end-of-barriers-for-architects

L1 that were originally imcompatible with EVM successively lauched L2 compatible with ETH’s EVM, such as Near’s Aurora, Polkadot’s Moonbeam, Cosmos’s Evoms, Solana’s Neon.

https://www.virstate.io/

https://twitter.com/metakongz_G/status/1547630692976427010

https://twitter.com/meta_kongz/status/1547588139010494467

https://moonbats.wtf/

In this bear market, NFT should offer more prospects.

Many people ask himself “Is the bottom in?“

No Cue. But this price is competitive and I don’t mind buying at these prices.

Too many people try to time the bottom perfectly and missing buying altogether.

Don’t guess bottom.

Take action or you'll start overthinking.

Both Defi’s finances and Xtoearn’s earnings might not be SocialFi’s Fi. Attention and influence maybe be SocialFi’s Fi, not actual financail assetc.

https://twitter.com/EllaineXu/status/1547417486169350144

https://cryptopanic.com/news/15747164/Market-Wrap-Bitcoin-ETH-and-DeFi-Assets-Drop-as-Markets-Close-Choppy-Day

cryptopanic.com

https://cointelegraph.com/

cointelegrahph.com

https://cryptonews.net/

cryptonews.net

https://www.coindesk.com/

https://www.coindesk.com/

coindesk.com

https://www.theblock.co/

theblock.co

(1/2) Crypto Research

https://messari.io/

https://messari.io

https://coinmarketcap.com/

https://coinmarketcap.com/

https://coinmarketcap.com/

https://coinmarketcap.com

https://www.coingecko.com/

https://coingecko.com

https://cryptorank.io/

cryptorank.io

https://deepdao.io/organizations

deepdao.io/

(1/3) Onchain data Analysis

https://cryptoquant.com/asset/btc/summary

cryptoquant.com

https://skew.com/

skew.com

https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount

glassnode.com

https://coin.dance/

coin.dance

https://coinalyze.net/

coinalyze.net

https://cryptoslam.io/

cryptoslam.io

(1/4) Derivatives data :

https://app.laevitas.ch/dashboard

app.laevitas.ch

https://www.coinglass.com/zh

https://www.coinglass.com/zh

https://www.coinglass.com/

https://www.coinglass.com/

https://www.coinglass.com/

www.coinglass.com/

https://dune.com/browse/dashboards

dune.com

(1/5) Developer Data

https://www.cryptomiso.com/

cryptomiso.com

https://tokenterminal.com/

tokenterminal.com

(1/6) Sentiment Analysis

https://santiment.net/

santiment.net

https://lunarcrush.com/coins?rpp=50

lunarcrush.com

https://alternative.me/crypto/fear-and-greed-index/

alternative.me

(1/7) Portfolio Tracking

https://debank.com/

debank.com

(1/8) Blockchain technology Education :

https://blockgeeks.com/

blockgeeks.com

(1/9) Events

https://coinmarketcal.com/en/

coinmarketcal.com

https://coindar.org/

(1/10) Crypto Tax tools

https://coinledger.io/

coinledger.io

https://koinly.io/

koinly.io

(1/11) Defi tools

https://defillama.com/

defillamam.com

https://dappradar.com/

dappradar.com

https://apy.top/

apy.top

(1/12) wallet

https://www.ledger.com/

ledger.com

https://trezor.io/

trezor.io

https://keyst.one/

keyst.one

https://metamask.io/

metamask.io

It's been a while since the last time I had a look at on-chain volume (last 24h)

• Only ETH & BSC do $50M+ in volume

• Whales prefer to use Arbitrum instead of Optimism, both clearly ahead of Metis

• Harmony, Moonbeam & Evmos seem dead

https://dexscreener.com/ethereum

https://defillama.com/

https://www.getrevue.co/profile/route2fi/issues/7-things-i-ve-been-thinking-about-lately-in-crypto-1253623?via=twitter-card&client=DesktopWeb&element=issue-card

https://twitter.com/Route2FI/status/1546072947453992963

I really like it!

7 Things I've Been Thinking About Lately In Crypto

By @route2fi

Thoughts about trading, DeFi, diversification, DCA, thinking in bets & the illusion of retirement

1. About trading: You have to find your own way to trade. You can’t blindly follow standard trading rules and expect to outperform. You must find an effective way to do what others don’t. You can trade stocks, forex, commodities, crypto, etc. Recently I’ve found an edge in crypto because there are inefficiencies that you can take advantage of. For example, when the news about Andre Cronje got out on Twitter that he wanted to focus on other things than DeFi (March 2022), it took at least 10-15 minutes before $FTM, $YFI ++ started to move down. In retrospect, this is one of the easiest shorts I’ve ever taken on Fantom. For me, this was a scalp short, but looking at how bad the market ended I should probably just keep it for months. My point is, that crypto is not as efficient as the stock market. When news breaks out in the stock market you can be sure that this is already reflected in the price seconds later. Crypto has a lot of retail interest, and tbh there are a lot of idiots in crypto. By that, I mean people that just buy a random dogcoin and hope it goes to the moon. There’s a stark contrast between the smart people on CT and the people that follow Tik Tok influencers and BitBoy for crypto advice. Btw, I’m not referring to myself as one of the smart people here. I’m referring to GCR, Cobie, HighStakesCap, HsakaTrades, CryptoCred, Light +++. Could prolly mention 50+ more here. There is an advantage for the people that actually try to stay up to date on crypto and that are actively seeking alpha. As crypto matures I think the market will be less inefficient, and that it will be harder to trade (in the future). That’s why we need to take advantage of it today.

2. DeFi season part 2: In retrospect, August 2021 to January 2022 was just insane for DeFi. You could buy a token and it would go up + you would get yield from farming. Absolutely not sustainable, but mega fun to be a part of. Tons of forks of the rebase tokens $OHM. You could buy it and hold it for a week and literally be sure that you would earn money. Why? Because everyone else was buying it. Retail was crazy after it. Just look at the screenshot below. “Potential number of lambos”. We should’ve understood that this was the top of the cycle, but human greed got us.

3. 
   

Will we see something similar in the future?

Yes, because human greed will never change.

3) Diversification:

Do you really need to diversify a crypto portfolio? I’m all ears for diversification across different asset classes, but for crypto alone?

Here’s a correlation matrix between different assets for the last 30 days. For example, $ETH has a 0.92 correlation to $BTC, which means they traded almost identically.

I added some of the bigger assets out there, and the lowest correlation in this period was 0.7.

https://www.blockchaincenter.net/en/cryptocurrency-correlation-study/

In my opinion, a portfolio with 20 different coins doesn’t make sense at all. In fact, I don’t believe in bag-holding at all for crypto unless there’s a strong trend (but I prefer to call that trading). This leads me to the next point. 4) Dollar-Cost Averaging There are two camps on crypto Twitter. The long-term investors vs. the traders. The long-term investors will say that the only thing that works is to hold tokens and DCA every month. Traders on the other hand believe that the narrative changes too quickly to hold tokens long-term. I agree with some parts of both camps. The only tokens in crypto I would be comfortable holding long-term with a DCA strategy are $BTC and $ETH. Look at the top 100 crypto list from 4 years ago: https://coinmarketcap.com/historical/ How many of the tokens are in the top 100 today? 10? 15? You get my point, the probability of your favorite crypto tokens surviving long-term is small. So it really makes no sense to DCA into them unless you want to take a risk on them coming back. 5) Find like-minded people: Make an alliance with people in the space that are naturally curious and that have the same goals as you do. Look for people with high intelligence, the hunger to succeed, and relentless energy. Make friends with founders, builders, and other people who know more than you do. This is how you learn. Meet once a week over Zoom to discuss ideas, or just chat on Discord/Telegram. This will give you 5x as many ideas and may shorten your research process.6) Crypto is a game of probabilities, but most people treat it as gambling Let’s do a very simplified exercise to illustrate how you can get +EV (positive expected value) on your bets. Think about $BTC long-term and let’s make 4 scenarios: I. $BTC will reach new ATH this year II. $BTC will continue sideways in 2022, but make ATH in 2023/2024 III. $BTC has played its role, it will go down and stay there IV. $BTC will go lower this year, but make ATH in 2023/2024 Now, let’s make some probabilities for each outcome: I. Probability: 10% II. Probability: 40% III. Probability: 20% III. Probability: 30% $BTC is sitting at $21K at the moment. What would be the best trade right now given the 4 scenarios? I. Buy II. Buy III. Sell IV. Buy Buying is the best outcome in 80% of the scenarios. I. 10% probability for a 230%+ upside II. 40% probability for more than 230% upside long-term III. 20% probability that $BTC will never come back IV. 30% probability that we will lose money short-term, 230%+ upside for making money long-term. For III you could make an invalidation point of let’s say 20%. In other words, you sell if $BTC goes below $16,8K Summarized, you have an 80% probability of a 230%+ outcome, and a 20% probability of a 20% loss. Worth the risk, right? This was a very simplified example. You might disagree with the scenarios and the probabilities, I just wanted to show how you could think in bets. If you want to learn more about this, check out this great Substack-article by @cobie which inspired me: https://cobie.substack.com/p/probabilistic-thinking?s=r 7) The illusion of retirement A lot of us dream about retirement from the 9-5. I’m sure that’s why most of you got into crypto in the first place. But the truth is that there is no retirement. Our human brain is not hard-wired to do anything. Staying up to date in crypto is actually hard work, but for me, the difference is that I get to do what I love. I honestly spend more time “working” now than I did in my 9-5, but this is what I want to do. Travel is fun, but you can only do so much before you’re getting tired of it and want to go back to your routines. I don’t see being in crypto as work, so there is no retirement. You play until you lose enthusiasm, then find another game (for me, I’ve been into poker, forex, stocks, casino, odds betting, etc.). You play, you gamble, you trade, you invest. It’s a way of life.

You’ve found a project you like and are considering aping in. Before you do, consult this list. Asking these really helps to avoid fool’s gold and to choose better long-term investments in the crypto market.

🧵 Image Question outline:

• General

• Token launch

• Supply

• Demand

• Token utility

• Past performance

• Currently relevant questions

👇 General

1. Which tokens does the project use?

2. If there are several tokens, why?

3. What is the market cap of the token?

4. What is the circulating supply?

5. What is the maximum possible supply? (more on this in the Supply section)

6. What is the Fully-Diluted Valuation?

7. Is the token’s supply inflationary, stable, or deflationary?

8. Where can you buy the token?

9. Why is the token on these specific DEXes / CEXes?

10. How deep is the liquidity on these exchanges for the token?

11. How high is the token’s volume on these exchanges?

12. Who are the main liquidity providers / market makers?

13. Are they in for the long term or incentivized via unsustainable token emissions?

14. Which parties do you put faith in when holding the token (ie chain, bridge, team, etc)?

15. Does the team benefit from the token appreciating?

16. Do users (not tokenholders) benefit from the token appreciating?

17. Can the project function without a token? Token launch

• How the project launched its token

1. Why was this blockchain chosen to launch the token?

2. Is the chosen chain best for security, speed, or interoperability?

3. How old was the project when it launched the token?

4. Which token launch method was used?

5. How much did the project raise through its token launch?

6. What Fully-Diluted Valuation (FDV) was the launch done at?

7. How has the Market Cap / FDV changed since launch?

8. How does the chosen percentage of initial supply affect the emissions and tokenholder dilution in the future? Supply

• A token’s price is fundamentally determined by supply and demand. Let’s first analyze supply.

1. What factors affect the token’s selling pressure?

2. How much will token supply grow in the future?

3. Who holds the token?

4. What % of supply do top 10 addresses control?

5. How about top 100 addresses?

6. When are VC and Team unlocks?

7. Have a large number of coins been lost or burned?

8. How much does the community hold?

9. How fair is the distribution?

10. What is the overall emissions schedule?

11. Who do emissions go to?

12. What is their behavior (do they sell off instantly or hold)?

13. Can you benefit from emissions by staking or LPing?

14. Do emissions generate you profit, or just protect you against dilution?

15. Why are some released tokens not in circulating supply?

16. What will happen when locked (or staked) tokens are released?

17. Are there bulk unlocks in community lockup mechanisms? Demand

• Now let’s look at demand, why the token is purchased from the market.

1. What are the key drivers of demand for the token?

2. Are there other projects users can easily substitute to?

3. How did you find out about this project?

4. Will other people want this token in the future?

5. What is your expected return from holding the token?

6. Are there protocol revenues that get distributed to the token holders? (more on this in the Utility section)

7. Does the project buy back and / or burn its own tokens?

8. Do tokens get destroyed or transferred when used to purchase a good / service from the protocol?

9. Does the project have a cult-like following?

10. How is the energy in their Discord?

11. How active is the project on Twitter?

12. How active is the community on Twitter?

13. How long have they been this active?

14. Will they be as active a month or a year from now?

15. Is there game theory driven incentive to hold the token?

16. Is there a token lockup mechanism?

17. Does it smell like a Ponzi scheme?

18. Is there a burn mechanism? Token utility

• What the token is used for in the project

1. What is the purpose of the token?

2. Are you supposed to hold it or use it for transactions / services?

3. What percentage of a project’s cash flows are distributed to tokenholders?

4. Are cash flows dilutive or redistributive?

5. Do you plan to instantly sell or hold onto the earnings?

6. Is the token used for governance?

7. If yes, how concentrated are governance votes?

8. Will your vote make a difference?

9. What are the minimum token requirements to submit and escalate a governance proposal?

10. Can governance enable or affect profit distribution?

11. Are there bribes for governance voting that you can earn from?

12. Do the tokens secure the project?

13. Can the token be used as collateral to borrow liquidity? Past performance

• Token performance since launch

1. Is the token correlated with the broader crypto market (ETH, BTC) or not?

2. Why would you want to hold the token instead of ETH or BTC?

3. How volatile is the token’s price?

4. How has the token held up against USD or ETH since its inception?

5. Have emissions / staking earnings offset any of the losses?

79, What is the token’s velocity (velocity = transaction volume / market cap)? 80. What’s the difference between current price and the ATH?

1. Has the token price been responsive to positive / negative news? Currently relevant questions

• Bear market things and otherwise relevant stuff you should consider

1. Do the tokenomics still make sense in the bear market?

2. How has the token been affected by the crash?

3. Do the tokenomics hold up during high volatility and other edge cases?

4. Does the token resemble a security (what are the chances of SEC knocking)?

5. Is there enough liquidity for you to exit quickly?

6. How about if everyone were exiting at the same time?

7. Are tokenomics affected by inflow / outflow of users?

8. Are there tranches to cover protocol losses incurred in black swan events?

9. Has the team adjusted tokenomics in the past?

10. Are there other projects with similar tokenomics and how are they doing?

11. Are there well-known holders?

12. Are they selling or accumulating?

13. Will the project remain relevant to see the next bull run?

14. Are the tokenomics of this project better than that of its direct competitors?

15. Has there been research into the tokenomics of this project?

16. Is the project behind the token doing well?

17. Are the tokenomics of the project overly complex and does that introduce more points of failure?

18. How available was the data to answer all of these questions?

19. Are you still sure you want to ape in?

#Crypto exchange Bitstamp will charge inactive users a €10 monthly fee ($10.20).

https://messari.io/asset/tether/chart/sply-circ

The clear distinction between 2018 and this bear market is that in 2018, in fact no one had any money.

And this time, a lot of hodlers and institions are still wealthy and holding a large amount of usdt/usdc/busd etc, just wait and see.

https://twitter.com/PeterSchiff/status/1543729010278113281

Many bitcoiner replied “Bitcoin fixes this” under Peter Schiff‘s thread.

BTC 1h chart now above 200 day MA!

BTC 4h chart now above 20day MA!

Going long bitcoin is good chance now！

Thanks to Bitcoin, I can retire from my 9 to 5, and now I work for 24/7.

https://twitter.com/Cov_duk/status/1543556645849944069

1. The Sunk Cost Fallacy.

When you’re losing money, it’s hard to cut your losses.

I failed to cut losses in time because I thought “I’m down 50% already, how much lower can we go”

And every time I did this, I regretted it. 50% is better than 0.

Cut your losses.

Particulary in the bear market for cryptocurrencie, your shitcoin or memecoin can loss 90% after a 90% decline.Because they are worthless.

Not to mentin those Altcoins， both Bitcoin and ETH have experienced

have experienced decline of at leat 80%.

2. FOMO

It’s very easy to resist the urge of aping into a coin that’s pumping.

Everyone is talking about it. Everyone made millions, except you.

It’s super hard to resist the urge of joining them.

I’ve done this countless times & it’s always ended up in losses.

https://twitter.com/FA_Touadera/status/1543612921862832129

JUST IN: Central African Republic has annnounced the launch of its own #Cryptocurrency, Sango Coin.

https://twitter.com/FA_Touadera/status/1542555873247170560

Bitcoin is very similar to our Human!

In reality， the majority of so-called traders simply remain on Book smarts！

https://twitter.com/cz_binance/status/1543700689611792386

CN gov agency is extremely converned and has access to the world’s largest and most complete private person Data!

Independent thinkers’ personality: creative, conceptual, and a lot of common sense.

Understand the power that comes ftom knowing how you and others are wired.

We are born with arributes that can both help us and hurt us, depending on their applicaiton. Most attributes are a Double-edged sword that bring potential benefits and potential harm.

Meaningful work and meaningful realtionships aren’t just nice things we chose for ourselves——they are genetically programmed into us.

Understand the great brain battles and how to control them to get what “you” want.

Realize that the conscious mind is a battle with subconscious mind.

Know that the most constant struggle is between feeling and thinking.

Reconcile your feelings and your thinking.

Choose your habits well.

Train your “lower-level you” with kindness and persistenc to build the right habits.

Understand the differences between right-brained and left-brained thinking.

Understand how much the brain can and cannot change.

Geting the right people in the right roles in support of your goal is the key to succeeding at whatever you choose to accomplish.

The 2nd largest electric power company in the U.S., Duke Energy, is studying the benefits of #bitcoin mining and how to intergrate it into the grid

The market is still volatile

https://twitter.com/dromdeshmukh77/status/1543142492484542464

Want to be a full-time trader?

Coinbase‘s price fell below 50$

None of us mentioned Curve war again!

KuCoin Huobi next….

https://twitter.com/WatcherGuru/status/1542878995573792771

https://twitter.com/BlockFiZac/status/1542934038469640192

https://twitter.com/SBF_FTX/status/1542949206645678084

New marriage

https://twitter.com/lars0x/status/1542849245811822594

https://entrepreneurshandbook.co/number-three-511f334d8fae

https://twitter.com/twobitidiot/status/1542719074937061376

Wait for the intersection of the Day and 20-day moving average（Red Line）

Wasn’t this obvious. The only ones that will be approved to start are Goldman and JPM.

https://twitter.com/Sonnenshein/status/1542311510055292928

https://twitter.com/Fiskantes/status/1530250281421783040

1H 23000～19800$

昨天一小时线跌破了20日均线，观察是否跌破19800$附近，当前1H级别趋势是向下的。

当前2w震荡区域已经快要和20日均线相交，看是向上相交还是向下相交了！

4小时级别的20日和60日均线即将相交，这个也是一个等待机会，大概在礼拜天看看！看是否能够站上这些均线的指标

这个就决定7月的走势了

等20日均线和60日均线同时击穿120日均线

2w附近继续震荡

https://twitter.com/MarkDavidLamb/status/1541831697787928576

https://twitter.com/rogerkver/status/1541822377461415936

Both are undesirable birds.

1/I have been open about the attempts from some hedge funds that were trying to cause further panic on the market after TERRA/LUNA collapse. It really seemed from the beginning a coordinated attack, with a new wave of FUD, troll armies, clowns etc.

2/ Tools: USDt/USD perps (the perfect attack vector that offers an asymmetric bet), spot short selling, DeFi pools unbalancing, ... Goal: create enough pressure, in the billions, causing ton of outflows to harm Tether liquidity and eventually buy back tokens at much lower price.

3/ These hedge funds believed and helped all the FUD spread by the truthers in the past months / years:

• they believe/d that Tether was/is not 100% backed

• they believe/d that Tether has/had exposure to Evergrande

• they believe/d that Tether has/had 85% exposure to Chinese CP

4/

• they believe/d that Tether has/had issued tokens from thin air

• they believed that lenders were borrowing from Tether without over-collateralization

• they believed in all the narratives that some competitors were spreading via coordinated troll networks

5/ Despite all the public 3rd party attestations, our collaboration with regulators, our increased transparency efforts, our commitment to phase out CP exposure and move into US Treasuries, our settlements, ... they kept thinking and suggesting that we, Tether, are the bad guys.

6/ But as we always said, Tether had/has in fact >= 100% of the backing, never failed a redemption and all USDt are redeemed at 1$. In 48 hours Tether processed 7B in redemptions, averaging 10% of our total assets, something almost impossible even for banking institutions.

7/ In more than one month Tether processed 16B in redemptions (~19% of our total reserves), again proving that our operations, portfolio, banking infrastructure and team are solid and battle tested.

8/ Tether also reduced its commercial paper exposure from ~45B to ~8.4B and is set to phase it out in full in the coming months. All the expiring CP have been rolled into US Treasury bills, and we'll keep going till CP exposure will be 0. Tether portfolio is stronger than ever.

9/ And while the FUD was focusing on Tether, during the last 2 months of #crypto devastation, it was discovered that many lenders and hedge funds considered the holy heroes of our industry were actually taking risks that Tether never touched even with a ten foot pole.

10/ Anyway, eventually these hedge funds, that borrowed and shorted billions of USDt will need to buy them back. What will happen then? Tether is the only stablecoin that is proven with fire under extreme pressure.

11/ Now... can other stablecoins survive the same test? Can money losing operations go on forever burning money simply because they have deep pocketed shareholders? Every non profitable company is always one round of financing away from bankruptcy.

12/ And bankruptcy normally means MtGox eight years ( and counting ) waiting time for its creditors..... At least have a potato. They are rich in selenium.

https://messari.io/asset/tether/chart/sply-circ

https://cointelegraph.com/news/usdc-s-real-volume-flips-tether-on-ethereum-as-total-supply-hits-55-9b

USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B

Since #BTC kicks off its dip in Nov. 2021 our TA shows that Markdown distribution pattern of Wyckoff Market Cycle takes about 70 days +/- as a dip in price occur. From this flow, we may see #Bitcoin rise from +/- $20,000 to +/- $25,000 within the next 70days +/-. #Cryptos

https://twitter.com/CryptoYurii/status/1538625362497765376

https://twitter.com/DigDataNomad/status/1541177448091508736

https://twitter.com/Gdudocq/status/1540338863100596226

https://twitter.com/milesdeutscher/status/1541049219687288833

El Salvador is now down -53% on their $BTC position, with an average buy price of $45,908. #bitcoin

https://twitter.com/milesdeutscher/status/1541049219687288833

https://twitter.com/milesdeutscher/status/1541049219687288833

https://twitter.com/JimDuffy_/status/1540612809620422656

• Banks have #Bitcoin on their radar

• Banks, despite outward appearances, understand #Bitcoin and how it fits and works

• Banks are seeking regulation in U.K. from FCA and will offer #Bitcoin in the future

• Banks are aware of crypto, but favour #BTC

What struck me the most was their clear understanding of how #Bitcoin could be a digital gold investment grade entity and that they understood the technology and how it was working in #Venezuela etc Invited them to @BitcoinConfUK and they’re coming to learn more

OMG @frankieboyle was so funny on this one.

That made me laff!!

Whether banks need #Bitcoin or #bitcoin needs banks, we’re moving to mainstream adoption

Thanks for sharing this.