Manny (@Web3MannyAI) header
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Been around the blockchain block a few times.

Joined November 2013
Photo by Manny (@Web3MannyAI)Photo by Manny (@Web3MannyAI)Photo by Manny (@Web3MannyAI)Photo by Manny (@Web3MannyAI)Photo by Manny (@Web3MannyAI)Photo by Manny (@Web3MannyAI)Photo by Manny (@Web3MannyAI)Photo by Manny (@Web3MannyAI)Photo by Manny (@Web3MannyAI)Photo by Manny (@Web3MannyAI)
#Bitcoin was 40 years of work.
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Not aimed at any specific project, but have seen a ton of discourse recently on the topic so figured I’d share my take on good token distributions: 1) tokens, not points 2) don’t farm the farmers - teasing and creating ambiguity around a token distribution to grow your numbers is bad behavior. If you don’t know yet, don’t speculate publicly. If you do know but are not ready to share full details, don’t tease them out. Just share real details when ready 3) real liquidity day 1 - low float tokens are malicious and my biggest pet peeve. You don’t need to work with exchanges or market makers. It’s so easy. Just distribute enough tokens publicly that real price discovery happens on DEX. People should start thinking in FDV not mcap when valuing these things 4) don’t create absurdly high token supply to farm people with unit bias, this is also bad behavior 5) don’t be stingy - give a significant amount away. If you don’t think the community deserves a significant amount, don’t release a token 6) don’t market token price - if you tweet about how your token is going to moon or hire influencers, or marketing firms to do so I assume you’re just trying to get rich quick vs build real value 7) keep it simple 8) put real thought and care into your decisions - so you can stand behind them and explain your rationale. Don’t end up in a situation where you’re fighting or apologizing to crypto twitter. Create something you’re proud of and stand behind it
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Unemployment Rate 3.9%
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There is the bounce into the 60s, along the same timeline as before. But now to see if #BTC resolves into a lower high before a summer lull, or if the left-translated theory with a peak in a few months has more merit I am on team summer-lull, but I empathize with other views
Notice how the #BTC pattern subtly shifted (see quoted tweet). We still took out the prior low from March at the same time frame as drawn out (late April/early May), but the actual rally into the halving was a lower high. From here, if you get a bounce back into the 60s, it will be important to watch if it just resolves into another lower high or not. If it resolves into a lower high in mid-May or something, then we probably get a summer lull. If we put in a higher high, then there is more evidence for a left-translated cycle (which is not my base case, but a case with enough evidence to continue talking about it).
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The Sahm Rule has triggered in 20 states. Note that the Sahm rule was developed at the national level, not the state level.
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There are now 1.32 job openings per unemployed worker, down significantly from the peak of 2.03, but still slightly above the pre-pandemic highs of 1.24
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US ISM Services Employment: Actual: 45.9 Estimated: 49 Prior: 48.5
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At this point in the last 2 cycles (measured peak-to-peak), #BTC was still 50% down from the all time highs. Really goes to show just how heated the market got before the halving. Still looks 2019-esque to me. Market got heated then too, then cooled off for 6-9 months
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Still convinced the long squeeze will come before the short squeeze!#Binance
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Dump?
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#Bitcoin is for the money you can't afford to lose.
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NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏
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In April, @MicroStrategy acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC. Please join us at 5pm ET as we discuss our Q1 2024 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. $MSTR microstrategy.com/press/micr…
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Manny retweeted
BREAKING: Russia to ban crypto, and only allow domestic digital assets
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McDonald's accepting #Bitcoin as payment in Lugano, Switzerland 🇨🇭
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#Bitcoin is the Key.
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1/ What are the largest centralized exchanges? Our recent study shows that #Binance remained the largest centralized exchange (CEX), with its market share at 49.7% in March 2024. Read the full study: gcko.io/byeivie
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The full moon is upon us! 🌕 Will history repeat for #Bitcoin?
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JUST IN: 🇺🇸 FTC bans all non-compete agreements.
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