Trying my best to help my people
Joined March 2013
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- Followers25.9K
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Now that everyone is talking about @Backpack and $BP, here is a friendly reminder that using code “sensei” will save you 35% on fees.
Ive been chatting with the team since the very beginning to get the biggest discount for my code.
If you have any questions just let me know.
backpack.exchange/join/sense…
Whats the point of calling new ath for $BTC when its at $85k and calling for $50k when it dumps down to $75k?
Whats the point of following people who trade like this?
Look for someone that:
> Tells you to sell some of your bags when BTC had an insane run from $58k to $87k.
> Tells you that starting to build a position at $75k when we come from $87k is a good idea.
Try not to be 100% liquid nor 100% invested. There are some price ranges where BTC is, objectively, cheap, fair and expensive. Stick to those ranges and skip leverage trading.
You dont have to wait for new lows because last time people were waiting for $50k BTC went straight up from $58k to $87k.
Good luck, I think we are really close to a new violent move in the markets.
You are delusional if you think one of these:
> Ansem never used his influence to take advantage on any kind of memecoin or project.
> KOLs like Orangie and other kids like him are good traders and they dont use you as exit liquidity.
> $PUMP is not a coordinated shill right before the team and investors unlocks.
> Sahil shouldnt be in jail since a long time ago.
Even Bubblemaps has its own weird thing with their token (down 99% since TGE).
KOLs are here to extract money from you, they dont even care about anybody.
Your first thought on web3 should be that everyone is trying to take advantage of you, one way or another.
Also, friendly reminder that Solana Foundation itself has made several partnerships with proven scammers like Jakey.
Dont trust anyone, mute and block every KOL and dont trade memecoins.
We are a joke as an industry.
Yesterday was one of the worst days for stock markets in the last five years
But crypto showed relative strength considering the massive dump:
$ZEC -4.02%
$BTC -5.9%
$SOL -6.49%
$HYPE -6.95%
solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy -11.58%
BTC is still trading at ~$75k after the massive Binance hack and the biggest dump in stock market in years. Local bottom might be closer than many people think
Quick recap:
> @armaniferrante says that all the licensing work is -hopefully- coming to fruition this year and early next year.
> Equity perps and tokenization both go hand in hand. Borrow against your stocks to trade perps on @Backpack . Everything under the same subaccount.
> The goal is to have a regulated exchange accessible by regulated entities all around the world: a single pool of liquidity. Backpack could be the first to achieve that.
> Backpack makes money in different ways: traditional exchange trading fees, they generate revenue off of stablecoins yield, crypto lending (securities lending not yet), interests paid through the portfolio margin systems and by being a services provider for other applications.
> They are not trying to generate revenue on Backpack Securities for now.
> Backpack is trying to onboard every stock market: USA, Hong Kong, Japan, Korea (just achieved this one).
> They are against inflated TGEs and then slow bleeds. They didnt want it for BP. There isnt a single insider of the token.
In Armani words: "As a founder, as a team, as investors... you simply should not get rich unless you build an incredible pillar of the world economy. Its like really as simple as that"
Congrats to @andyyy, one of the best interviews ive seen in a while.
FULL CONVERSATION: The Backpack Bull Thesis with CEO Armani Ferrante
solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy
@armaniferrante @Backpack @therollupco
Sensei retweeted
“What Circle is to stablecoins, Backpack is to securities.”
@ArmaniFerrante explains Backpack's tokenization vision in 43 seconds.
Massive dump and recover in the last few hours, but $SOL remains the one with the worst performance.
Even $ETH had a better performance than SOL.
Lets see if Breakpoint can turn things around, but for now there are safer coins to invest.
This is what I was talking about.
$SOL is the weakest one each time $BTC dumps.
Sure, Solana is the most used blockchain, no one doubts it, but meanwhile, SOL is:
> 20% of ETH mc
> 60% of BNB mc
> 70% of XRP mc 💀
Many of you are happy with SOL being a beta play for BTC, but thats a loser mentality. SOL deserves much higher, but nobody cares about it anymore.
@ChairmanSelig Releases Statement on Equity Perpetual Futures: cftc.gov/PressRoom/PressRele…
If you speak Spanish, this is a great opportunity.
@CouncilDAO_ hasnt accepted new members for many months, but now it has opened its doors to welcome new members.
Dont miss it.
GCouncil.
El formulario para el ingreso a la comunidad sigue abierto para los que quieran aplicar:
forms.gle/kP5kbTdMA4n8DSrR9
Nuestra comunidad es completamente gratuita. El único requisito? Aportar valor. 📝
Sensei retweeted
GCouncil.
El formulario para el ingreso a la comunidad sigue abierto para los que quieran aplicar:
forms.gle/kP5kbTdMA4n8DSrR9
Nuestra comunidad es completamente gratuita. El único requisito? Aportar valor. 📝
Airdrops went from:
“Oh I have a new token in my wallet and its worth five figures nice”
To:
“Use my protocol, spend fees, farm points, sign these documents and do KYC, claim starts in five days and closes in ten days; pay a small fee when claiming”
And now:
“Waste your money on my product under the promise of an airdrop and then get rugged because airdrop gets cancelled. Well played and thanks for your money”