CryptoBuffett

User funds are safe! It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m). I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.

whoever solves the PVP issue in memecoins will make millions and I’m not exaggerating about that

at one stage I was down 400%, i expect this to be down again. In fact I want BTC lower before we hit ATH. It might not happen. I will not close this trade until BTC hits $250K and I have a cool 30,600% gain. AKA 8 figures

this might be my best trade ever. I will not close these longs until BTC breaks ATH Im still accumulating and for the record, if it goes lower, I will just keep DCAing

liquidators already ?

The argument Ethan makes here that "a strong token would survive it anyway" makes absolutely no sense to me. He is essentially saying that he buys 30–50% of a token's supply at an extremely low market cap because he believes it can reach $1M or higher. That's exactly where the problem starts. He does not even hold a token that long himself, or bothers giving the token attention to even go to 1M Marketcap or beyond. He instantly moves onto the next target - and that is what creates this imbalance. Someone accumulating 30–50% of a token's supply at a sub-$10 to 20K market cap creates an enormous imbalance between the amount of money they initially risk and the amount of liquidity they can potentially extract later. At a $100K market cap, 30% of the supply is already worth $30,000 on paper. At $1M, it's $300,000. And it was bought for maybe $500 - $ 1,000 - close to nothing. Now imagine that person constantly selling into thousands of $ into every bit of incoming buy pressure, while everyone else is putting in actual meaningful money, buying, and trying to push the token higher while one person is up an abnormal amount of money compared to the Liquidity provided to him in the token. Ethans counterargument is that if the token was genuinely strong, it would survive that selling pressure anyway. That is just stupid and shows that he does not understand the point. Through the huge imbalance of his paper-profit compared to the liquidity provided in the token and needed to be bougbt into him constantly selling, he is basically robbing every new person of their invested money, the r/r is not fair. This guy completely misses the point, because he does not understand the or care about the actual game Without one single person controlling such an absurd percentage of the supply, that enormous, concentrated sell pressure wouldn't even exist in the first place and a healthy community of actual members could form. The token wouldn't need to absorb hundreds of thousands of dollars worth of potential selling from one individual who accumulated his entire position for next to nothing. Instead, the supply would be distributed across more participants, risking a more balanced r/r, more similar expectations, and profit targets. There would still be selling, obviously, but not necessarily one massive holder constantly absorbing the buying pressure of everyone else. A way more healthy community would form and give the token live length. Imagine having 30% of the supply for a token that goes to 1 million marketcap. You would walk away with $100,000 in profits if you constantly sell like Ethan does, while creating a community of 3,000 and more people that basically just fall together because they got sold on by you and then start selling onto each other due to being impatient, they invested hundreds of thousands in total while you bought it for $1,000 and sold it onto them. It doesn't give the token the strenght and length it needs and should get to actually grow. It's not a demonstration of trading skill. It's extracting money from people who are trying to trade memes but get robbed before a community can even Prosper and grow. Essentially providing the exit liquidity for one Ethan selling into the first hours of attention onto a token.

There's literally nobody on planet earth that can make money day trading let alone minute or second trading on a consistent basis through a reasonable time period. These supposed crypto traders that we are told to believe are gifted pro athlete level are just scamming everybody.

this might be my best trade ever. I will not close these longs until BTC breaks ATH Im still accumulating and for the record, if it goes lower, I will just keep DCAing