⬇️ My Thoughts ⬇️
🔑 The power of Ordinal Theory: Collecting, trading, and scheming!🤝 By assigning identities to satoshis, they become individually trackable and tradable for numismatic value. Plus, it enables inscriptions: a protocol to attach content to satoshis! 🎨🔐
🛠 Does Ordinal Theory require a side chain, separate token, or changes to Bitcoin? NO! It works right now with only bitcoin as the token, making it a seamless addition to the ecosystem.🌱🔄
🛠 Does Ordinal Theory require a side chain, separate token, or changes to Bitcoin? NO! It works right now with only bitcoin as the token, making it a seamless addition to the ecosystem.🌱🔄
🤔 What is Ordinal Theory? It's a protocol for assigning serial numbers to satoshis, the smallest unit of a bitcoin, and tracking their transactions. Imagine giving each satoshi a unique identity, like a collectible item! 💎🔗
🤔 What is Ordinal Theory? It's a protocol for assigning serial numbers to satoshis, the smallest unit of a bitcoin, and tracking their transactions. Imagine giving each satoshi a unique identity, like a collectible item! 💎🔗
🚀 The Bitcoin Ordinal Protocol Explained: an innovation which allows for tracking, trading, and collecting digital assets on the Bitcoin network!
⚡️Powers BRC20 & SBC20
💥 Let's dive into this fascinating protocol and explore its significance Blockchain Crypto
(a thread 🧵)
🚀 The Bitcoin Ordinal Protocol Explained: an innovation which allows for tracking, trading, and collecting digital assets on the Bitcoin network!
⚡️Powers BRC20 & SBC20
💥 Let's dive into this fascinating protocol and explore its significance Blockchain Crypto
(a thread 🧵)
🚨📈 #Crypto DOWN‼️
Exactly as I pointed out yesterday
💡Markets are very easy to predict, you just have to listen at what they're saying
Always remember: #DeFi on-chain data is your friend
🚨📈 FIRST INDICATION OF #CRYPTO DOWNTREND
$ETH supply APY at 3% on #AAVE, the highest value this month
🩳The market is starting to short $ETH
💡REMINDER: Unfollow everyone saying that #Bitcoin is in a #BullMarket, as they have no idea what they are talking about
🚨📈A bounce back into the upper part of the previous weekly rectangle is NOT a #BulMarket signal
#Bitcoin will fall back down. So will the rest of the #crypto. Lower than previously
Prepare your #shorts
🚀 #Bitcoin #BullMarket CONFIRMED
🚨 You MUST unfollow every single person saying that Bitcoin and #crypto entered a bull market, because they have no idea what they are talking about
➡️I challenge anyone to show me a single sign of reversal. There is none #TA
🚨📈 The failure and the bailout of $SVB and $SIVB has shifted the market's sentiment towards the #FED Funds Rate
A rate hike now seems less likely
🚨 Despite the Goldman Sachs's statement regarding rate hikes and bank bailouts, currently the market is fully expecting a rate hike by 25bps
Although things may change, specially with the Biden's speech
In either case, QE is not yet back, so no bull market for #Bitcoin
Failing banks will tank price of #Bitcoin down with them, because most of money in Bitcoin are loans from those same banks
🚨 $PAXG is trading at an $80 premium over gold
The market sentiment is clear: there is a run from #crypto into #gold
Selling your cryptocurrency for $PAXG is a good hedge against both, #Bitcoin and $USD
You can always buy it back for a profit after
🚨📈Bank failures will NOT drive $BTC price up
Most of crypto is financed by DEBT
As banks like SVB are failing, both the stock market and crypto prices will fall on Monday
How to profit:
1️⃣ Short #crypto
2️⃣ Buy #gold
3️⃣ Swap crypto for gold
🚨📈 $USDT APY on #AAVE is 60%
This means that people are shorting $USDT. The market sentiment is that $USDT is overpriced.
How to profit:
1. Short $USDT
2. Lend $USDT for a high APR. Should last until Monday
3. Do both
This happened because of the depeg of $USDC
🚨📈 $USDT liquidity on #DEX pools decreased to almost ZERO, while $USDC liquidity almost doubled
This is a result of mass swapping of $USDC for $USDT
🚨🔥 Over $1.5 billion $USDC have been burned in the last 8 hours
🚨📈 $USDC is the 2nd smart contract with the most gas usage on #Ethereum, second only to #Uniswap
$USDT is 4th, since massive swapping from $USDC to $USDT is taking across all pools in #DEX
Depegging of $USDC can lead to the collapse of other #stablecoins and #crypto prices
🚨📈 $USDT reserves are depleting across all #DEX pools that have $USDC.
It's not just the #3pool on #Curve, #SUSD pool is in the same situation.
This is a result of massive liquidation of $USDC, due to SVB's collapse.
The depegging seems to be more likely by the minute 😳
🚨📈 $USDT reserves at the $USDC / $USDT 0.01% pool on #Uniswap are depleted 😳
This indicates a massive $USDC liquidation.
A lot of news saying that $USDC is safe despite #SVB collapse, but the market seems be saying otherwise…
🚨📈 $USDT reserves at #Curve's #3pool dropped below 3%!!
This is the reason why $BUSD is trading below $USDT at #Binance
It's caused by mass swap of $USDC to $USDT across the DEXes. Same happening on #Uniswap
🚨📈 Mass $USDC to $USDT swapping has caused $BUSD to fall below $USDT by more than 1%
As $USDT reserves across #DEX are depleting, it's also affecting #CEX like #Binance
This is a result of the collapse of the Silicon Valley Bank, where $USDC has reserves
🚨 $USDT reserves at #Curve are almost depleted, with less than 4% of it remaining in the #3pool
This is another sign of massive swapping of $USDC for $USDT, due to the collapse of #SVB
$USDC depegging is on the horizon!
🚨 $USDC trading below $USD and $USDT above $USD
Looks like everyone is swapping $USDC for $USDT because of #SVB collapse
Saying that Silvergate represents crypto is like saying that you represent the US Dollar, because you have them in your wallet.
Not a single DEX collapsed for the same reasons. DeFi is building the best financial system in history.
#bitcoin #crypto #defi #dex
Navigating the world of DeFi without a deep understanding of the economic and monetary theory is akin to navigating an unknown city without a map. Just because the buildings are made of the same material as in your hometown, doesn't mean you'll find your way through #DeFi #crypto