crypto trading & research | tweets cryptic, stacks crypto🧢 | hype '24 | Everything is a fractal 🌊 | Market cyclist of 2017 🚴🏽
thoughts are my own , NFA
Joined April 2009
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Lance UP 🐈⬛ retweeted
1/ My current base case remains that the broader cycle is probably not finished yet.
Not because risk has disappeared.
Not because valuations are cheap.
But because the larger structural backdrop still looks more like a correction within a secular expansion than the end of one.
Lance UP 🐈⬛ retweeted
Saylor, and DATs in general, have poisoned the well
At a time when Bitcoin should be a pretty interesting hedge to impending real world physical shutdowns, all people are concerned about is whether Saylor can leverage a Luna-style yield ponzi to buy more coins
Lance UP 🐈⬛ retweeted
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Lance UP 🐈⬛ retweeted
The Philippines is staring down a double-barreled shotgun. It's loaded with...
🚨Soaring oil prices📈
🚨Plunging exchange rate📉
This, coupled with a near-total dependence on imported oil, very little domestic refining capacity, and no reserves whatsoever beyond private company stocks, is a recipe for P100-per-litre diesel/gasoline prices.
Oh, and the government also sold 1/3rd of the nation's gold reserves over the past five years while most other central banks have been accumulating it like crazy.
That's US$10 billion worth of gold the Philippines no longer owns. I would have paid for 100m barrels of oil, equivalent to 6-7 months of consumption.
Peso falls to new record low of 59.7:$1 amid Middle East crisis s.inqnews.net/Ve5VsSZ
