Oddbean new post about login | logout SBF VIBES. https://m.primal.net/HWXT.mp4
🫡 STAY HUMBLE AND STACK SATS ONLY
That doesn’t sound like humbly stacking sats to me. 🚩
Play fiat games… win fiat prizes
Almost guaranteed to underperform over time. Some of best days come immediately after the worst days - which the guy would likely miss if he got out to avoid a drawdown.
Yes, no free lunch with strategies like these. When I was running advisor best advice panels, I'd get plenty of new strategies pitched that I'd turn down. They always sounded great, but all of them did considerably worse over a full market cycle than just holding the plain assets. Half really crashed and burned.
Sounds like a capital gains tax nightmare to me.
Curious how is this different from using Atomic Finance to trade your #BTC ? It's still trading to earn more sats, no?
Say it Corey, SAY IT Corey: Risk free yield. https://i.imgflip.com/4/176h0h.jpg
Simma down now. I’ve become a bit disillusioned with Swan since their custodians started going bust, but I still think they’re a net positive. Suits gotta put their money somewhere. They’re gonna give up some return for lower volatility. Not the same market FTX was after
Why?! Why every time do they all do this shit ?! Just fucking behave !
Wtf? Cory is showing his shitcoiner self more and more each passing day. 🤦🏼♀️
sounds complicated. I’ll keep stacking sats in cold storage instead
But you can't just be happy with your little pile, all peaceful and moisturized over there? come juggle burning chainsaws with the finance bros!
Smartest guys in the room. Klippstein gonna find out. https://image.nostr.build/c2ebd31c2ccd2a96fbff4aa2b476960d28e4ebe53522df2890069123c6551c0c.jpg
I was waiting for this old meme to surface here!
Swan is a trading platform nostr:nevent1qqsr8uf7tnnfh3c5te9wy23rcxyq89n49p6yjjtzjuj708g37cjcdpcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveypsgqqqqqqsqq7pth
How does this specific strategy *blow-up* like FTX shitcoin trading? Missing out on bitcoin appreciation is one thing … but bitcoin / cash to avoid the liquidated long positions doesn’t seem like a terrible strategy if an entity had the tools and calculations to do it. The market eventually will build these tools which *should* smooth the volatility of bitcoin (without dampening bitcoin’s overall success and limiting the profitability of these strategies overall). Not advocating for the common person or common business staying humble and stacking sats but if you have the tools, the exchange, etc. like swan does I do see how this could work. Am I wrong? Would appreciate a legit conversation here…not just the typical maxi response (I consider myself a maxi and don’t trade … I just use swan and have recommended swan for years).
20 years experience (in automated Bitcoin trading). Impressive.
🤣
Time traveler. Wow!
Hahahaha
In 2019 someone contact me for a job in web3, they required 5 years of experience in the field... when I explained that it's impossible, they said: yes it is , we found some other candidates with ten years professional experience.
🤣 similar to the "decentralised ledger consultants" who magically appeared out of nowhere in 2018.
Stay Proud, sell bitcoin for bullshit fiat when you expect a downturn.
Stay proud, sell sats.
Listened to Cory’s first statement. His guy with 20 years of experience is going to try to time the market. RUN FOR THE HILLS!
"There's lots of fancy shit, we got signals, we got AIs we got fucking flashing lights bro, trust me, you won't see a draw down" SMACKS OF SALES PITCH
It will all go well, then really well, they will get overconfident, and then one day, REKT. DONT TRADE BITCOIN!
Yield farmers gotta make hay, I just gotta stay out of their way
When everyone was saluting Cory for slaying shitcoiners, I was calling him a shit coin cannibal. Wake up people he was literally eating his frens
Yes brother, absolutely. I hope the best for them, but to say I have concerns is an understatement. Doesn’t help that every “influencer” is being paid by Swan.
If it’s being endorsed by influencers, stay the hell away from it - Sun Tzu
Probably why they’re scooping up bitcoin influencers left and right.
you sound fanatic, just saying
I’ve never had an issue with Swan over the last 4 years with withdrawals and etc. during all the bull shit we’ve seen. This is a completely different product than purchasing Bitcoin and withdrawing to cold storage through Swan. With that being said I love the Bitcoin community for this reason. Continuously challenging and there is simply no free passes based on reputation alone.
MAYBE, OR MAYBE IT'S TOO SOPHISTICATED FOR HUE MATT
HE THREW ALL FANCY WORDS BUT IN REALITY HE IS JUST LEVERAGE TRADING 😂
There's a lot of talk about your post. Added to the https://nostraco.in/hot feed
nowhere in there was there an actual answer to the question. mostly word salad mixed with "we got a guy. trust me bro."
Thankfully I moved away from Swan last year - I got some bad vibes.
Buy 6 months before the halving. Sell 18 months after the halving. Charge fees for the “service”. Then start adding leverage to goose returns. There is probably a law that all custodians will take greater risk in the quest for higher revenues until they eventually blow up.
Owned by Ripple
Pathetic
Yeah this ain’t going to end well.
AHHHHHHHHHHHHHHHHHHH https://i.nostr.build/y66G.jpg
It's all codes and signals, and sips coffee. oh god. nostr:note1x0cnuh8xn0r3ghj2ug4z8svgqwt822r5f9yk99e9u7w3ra39s6rsrtkg4q
“Very sophisticated.”
nostr:note1x0cnuh8xn0r3ghj2ug4z8svgqwt822r5f9yk99e9u7w3ra39s6rsrtkg4q this is the kind of action we need to bring an audience to nostr 🍿
There is no way this will ever blow up…
in eastern europe it's standard practise that when someone becomes successful in a business, the government connected monopoly owners muscle in and demand to buy you out, or else people think that is so corrupt and so different to what happens in the USA no it's exactly the same, just the little crappy second world countries don't have such big money or spectacular dramas around it and not so often they resort to hitmen but it's the same nostr:note1x0cnuh8xn0r3ghj2ug4z8svgqwt822r5f9yk99e9u7w3ra39s6rsrtkg4q
The use of such an algorithm would amplify the expected price action based on the preceding price signals. Would merely cause additional volatility and would miss out on long term trends that it was not foreseeing, like, hello, the 4 year price cycle!
This man has shitcoins & scams embedded in his DNA. Can't fix some people.
100%
Holy shit what a clown lol
I don’t agree with what he is doing with this stupid fund or all the things they do but this isn’t a good look. Swan is still a net positive for the space Why publicly criticize and bash other bitcoin companies? You’re really comparing @cory with SBF? Come on… All on the same team here
What would prevent Cory / Swan from front-running their order book?
lolololol
I'm really sad to watch this happen. I just watched Bitconned (Documentary on Centra Tech during the 2017 ICO bullshit), it's frightening hearing Cory talk like this. I really like Cory but all I hear is shitcoining. I'm hoping for the best though but I may just be throwing good neural energy after bad. I know he used to be good so this talk makes me wonder if something blew TF up inside of Swan and this is all Hail Mary type shit. SHIT!
What could go wrong?
The first tell I got from him that is very SBF too is that he is always doing something else besides just the interview. I’ve seen him eat a meal during multiple interviews. Even if he is just sipping a mug of coffee he is always doing something to signal you don’t deserve his full attention.
Last year I tried to open a Swan acc. They rejected saying my account is "high risk". Despite not opening the account yet and never touched leverage in my life. Good riddance I guess.
Cory...WTF?
This made me feel so uncomfy
Asking the important questions 😂
buy from swan and withdraw to cold storage. besides that, who cares.
🤔 https://m.primal.net/HWbm.png
I don't see how this refutes my statement. Got anything from Code of Federal Regulations Title 26 1.408-2 Individual retirement accounts?
Lol! Mr Smarty Pants. Point is that bitcoin, gold etc in retirementt accounts have to be held by custodians while you are contributing according to IRS regulations. I dare say you can withdraw if you are able to & self-custody but be prepared for penalties if the IRS discovers it, & with the new regulations for LLC's having to report to FINCEN (self-directed IRA's require LLC's) every year that is more likely to happen.
Correct. The attacks on private property by a failing empire will increase. The unfortunate part is death throws can last years. But they only persist if people allow them to.
Lol! Mr Smarty Pants. Point is that bitcoin, gold etc in retirementt accounts have to be held by custodians while you are contributing according to IRS regulations. I dare say you can withdraw if you are able to & self-custody but be prepared for penalties if the IRS discovers it, & with the new regulations for LLC's having to report to FINCEN (self-directed IRA's require LLC's) every year that is more likely to happen.
Correct. The attacks on private property by a failing empire will increase. The unfortunate part is death throws can last years. But they only persist if people allow them to.
