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Joined March 2021
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Azad23 retweeted
Last time the market didn't properly sell off after a huge event like this was the FTX collapse
When I saw the lack of follow through then I got giga bullish
And we subsequently went from 16k to 100k
Hard to be bearish here after having been given the same setup yet again
I like the fact that CZ is out there protecting his assets, no matter who is against him.
In that case, richest person in this world, on his platform (X).
France is cooked.
Point of no return has been passed a long time ago.
Socialism gets you there. At some point, you end other people's money.
Not to mention the endless unchecked migration policy.
Socialism is a failed system. It has never worked and it will never work.
Azad23 retweeted
Understand wash trading. Ive been educating on this for years. It is legal for crypto exchanges and crypto hedge funds because the Clarity Act has not passed and is the reason the Clarity Act didnt pass yet.
Example: If you have $100m of Bitcoin you can sell it on exchange causing a leverage cascade. You can then rebuy the Bitcoin at the low price.
You have more Bitcoin and more than $100m.
You extract leverage trader collateral and asset strip panic sellers. Its the oldest exchange scam and was regulated as illegal on the stock market after the 1929 crash in 1934. Go read the Security Act of 1934. The wording is exact.
Azad23 retweeted
People - there will be 1000 narratives about hackers and who they are. Its all nonsense. This is orchestrated.
This is the best possible scenario and needed to be executed.
Bullish for regulation. Bullish for stability. Bullish for Bitcoin.
Azad23 retweeted
Wake up
Binance hacked for like 6B
Expect price down 30%
Down 3%
Not sure if strength or the nuke is just delayed
If price isn't down significantly by Monday bottom of this bear market probably already in
Might just have to go through hell chop to digest this
This!
No trading decisions, touch grass, low risk of this being a systemic risk.
IMO, a coordinated internal attack that aims at pushing price lower prior to the midterms, afterwards, we are ready for a massive pump.
Give it a few weeks :)
Until then- touch grass!
the silver lining to all of this is that Binance will be fine
i do not believe there is a systemic risk here
Binance reportedly makes $16-$17 billion in annual revenue
almost half of the total amount involved in the incident has already been frozen or is potentially recoverable
total amount that may ultimately be unrecoverable = ~$3.2 billion
so about 2 - 2.5 months of revenue based on those estimates?
very manageable for a company of Binance's scale, especially considering its strong history of prioritizing users during periods of stress like this
@cz_binance and @heyibinance have also publicly stated that all user funds are safe and will be fully covered
in my opinion:
- odds of systemic risk? incredibly low!
- odds of a bank run? incredibly low!
- odds of panic selling and overblown media headlines? yes
this is simply THE event that puts in the final local lows before things get really exciting again
Binance and the industry will be fine
don't make any trading decisions out of panic
chill, touch some grass, make sure your opsec is good in the meantime — crypto is not going away!
Largest crypto exchange getting hacked for a few billions.
Doom and gloom all over the timeline.
$BTC still above 79k…
Send it to ATH with haste!
PS: Perfect excuse for Binance to wash out all over-leveraged degens…
Hear me out…
Nov 2011: Mt. Gox Hack → ~12 months later Bitcoin was up ~500%
Jan 2015: Post-Mt. Gox Collapse → ~12 months later Bitcoin was up ~160%
Dec 2018: Crypto Winter Bottom → ~12 months later Bitcoin was up ~125%
Mar 2020: COVID Crash → ~12 months later Bitcoin was up ~1,100%
Nov 2022: FTX Collapse → ~12 months later Bitcoin was up ~130%
October 2026: Binance Hack → What % do you think $BTC will be up in 12 months?
Let me know below 👇
I’ll start: 80%.
Isn’t it poetic that in such events you realise that this space is $USELESS.
Apart from BTC itself, of course.
But the rest can go.
Azad23 retweeted
If you’re genuinely naive enough to think Binance is going to fall, you’re probably in the lower IQ bracket of X.
These mfs have order books worth hundreds of billions. They’re trading against every mf in the market, with the deepest books and the biggest pockets. $2B is pocket change to them.
Not to mention, they make money from fees, liquidations and slippage. $2B is pocket change to them.
They’re fucking giants. And what better way to put in a low than to make everyone shit their pants first?
The matrix is getting creative with the fud this cycle, respect it.
Basically, telling an internal centralised database to transfer funds from USER_ID_X to USER_ID_Y without the need of an intermediary.
Well, the intermediary is still Stripe…
Bitcoin fixes this.
Azad23 retweeted
Revolut CEO Nik Storonsky: “The US is not that competitive. Europe is even less competitive.”
“China is competitive.”
“China is 9/9/6. Even if you are good in Europe, or in the US, how can you out-compete the people who work 9:00 to 9:00, six days a week?”
“I started in a co-working space with 140 companies. Within 5 years, only 3 companies survived. They all worked on the weekends.”
“Within 10 years, only 2 companies survived out of 140.”
“Working weekends is a must if you want to survive. Purely statistically.”
Azad23 retweeted
>be Lula
>get convicted of corruption
>get sentenced to 12 years
>get released by the STF on procedural errors
>never actually acquitted lmao
>beat Jair Bolsonaro in 2022
>Jair gets thrown into jail over an alleged coup attempt
>Congress votes to cut his sentence
>Lula vetoes it
>four years later, face his son
>during a debate, threaten to also lock him up if he loses the election
>election day
>former private lawyer, now STF judge, extends voting by 2 hours nationwide
>request came from Lula's own coalition
>win by 4 million votes in a runoff with no paper trail
>next day, Moraes orders the losing candidate to surrender his passports
>victory speech: "we're going to regulate social media"
>"democracy" lmao
>RIP Brazil
