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Illiquid Snake
snake@nostr.band
npub1perq...hzzx
Bitcoin / Programming / Tech / Finance / AS Roma
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illiquidsnake 2 years ago
Bitcoin is reacting to the simple fact that the emperor is butt naked and nobody even cares anymore about (quotes) “”“inflation”””
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illiquidsnake 2 years ago
Like everybody I complain about my salary… but I am sure, in a few years when I’ll remember how much I was making per month satoshi wise… I will bloody cry!!! 😂
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illiquidsnake 2 years ago
Every now and then, everybody should swim the deep waters of the mind through its deepest recesses.
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illiquidsnake 2 years ago
This weekend was a pivotal moment for me. I was already very convinced, but the whole SVB thing and consequences opened my eyes even more on the fact that bitcoin is really the safeboat from this shitshow. I am reading on Twitter of people calling for bank runs on monday, this kind of environment is INSANE. Self custody is really the last protection from emotional storms. Bloody hell. Gotta start creating an income stream in satoshis before the whole circus ends up butt naked and euros are worth peanuts
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illiquidsnake 2 years ago
Fucking 3-4 at home against fucking sassuolo is frankly embarrassing. And there it goes 2nd place.
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illiquidsnake 2 years ago
Nothing like getting smashed on Chianti and Bubblelicious Haze listening to Tool on a Sunday night
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illiquidsnake 2 years ago
I would like to start solo mining BTC, does anybody have any good suggestion as for energy friendly rigs?
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illiquidsnake 2 years ago
Has anybody else noticed this sort of psychological trick that when you open Twitter nowadays, it feels like stepping in a parallel horror dimension?
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illiquidsnake 2 years ago
What a day. USDC regaining the peg, SVB seemingly having some resolution chances, me having more satoshis in cold storage than ever and my mother and my brother both finally with WoS installed (they were orange pilled long ago). Life is amazingly complicate and unpredictable sometimes, and I love it this way!
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illiquidsnake 2 years ago
By the way, USDC is still backed at almost 2:1 ratio in reserves even not considering the assets in SVB. Those who dumped at 0.88 cents won’t be eating much next week. Just read of a wallet who nuked 2000000 USDCs for 0.05 USDT because in the panicky rush didn’t properly set slippage on Uniswap.
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illiquidsnake 2 years ago
If now you struggle with contemplating how much power a few powerful institutions hold in their hands, wait to see in 50 years when Bitcoin whales will be the richest mfs of the milky way
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illiquidsnake 2 years ago
USDC is not algorithmic, it will repeg as soon as banks reopen on Monday. This is indeed a good arbitrage opportunity for those interested. If you do hold some, take deep breaths and count to 10. P.S. There is no reason, even for btc maxis, to hope for any top 20 crypto by market cap to fail overnight.
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illiquidsnake 2 years ago
If they thought logic in school instead of gender critical theory and other bs, there wouldn’t be one single conspiracy theory, not even the concept thereof image
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illiquidsnake 2 years ago
Today all women at my company had it off if they wanted because of women’s day 2 days ago… is that fair?! I think not… 😅 patriarchy much?!
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illiquidsnake 2 years ago
Have been getting lots of signals about a major financial contagion starting right in this moment. $SIVB is crashing rn, domino effect to follow? If you have traditional assets: sell everything. If you are DCAing Bitcoin: wait after the weekend, discount prices might be in