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forecastooor

@forecastooor

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Crypto

South East Asia
Joined October 2014
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@forecastooor
forecastooor
1 year
0/ How to become a one-man crypto narrative trading pump-and-dump multimillionaire, with the help of ChatGPT and some initial investment. Disclaimer: Any resemblance to real persons or other real-life entities is purely coincidental.
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@forecastooor
forecastooor
2 years
Go get a fking job.
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@forecastooor
forecastooor
2 years
How I turned $10 into $10,000 in two months, right in the middle of the bear market, with a risk-free strategy. Here's a step-by-step guide so you can do it too. A thread.
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@forecastooor
forecastooor
11 months
The ride's final moments draw near.
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@forecastooor
forecastooor
2 years
0/ I compiled some FTX & Binance (launchpad only) IEO statistics between 2020-22, and added some thoughts. Assume buy all tokens at launch and hold till now. No. of Projects: Binance: 22 FTX: 12 Avg Return: Binance: 22.2x FTX: 1.5x Win Ratio %: Binance: 91% FTX: 50%
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@forecastooor
forecastooor
2 years
Made good money trading crypto this week 😅
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@forecastooor
forecastooor
2 years
Some tips to sound like a trading genius. What else can you come up with?
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@forecastooor
forecastooor
2 years
4/ I know of normie friends who mainly trade IEOs on Binance since 2018-19, stacked $BNB, and made decent money (6-7 figs). For me, Binance IEO projects are often the bellwether of industry trends (e.g. defi, metaverse, gamefi) and there is an edge in studying them.
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@forecastooor
forecastooor
2 years
Math PhD wannabes take note
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@forecastooor
forecastooor
2 years
The upcoming generation of US retail cryptocurrency traders is going to behave increasingly like young degenerate Korean traders in 2017. You can replace the word "Korea" with "America" in the snippet below and nothing sounds off. h/t GCR
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@forecastooor
forecastooor
2 years
State of on-chain analysis nowadays: - Hedge fund deposits a lot of $ETH to exchange - Ahhhhh they are going to dump and price is going to zero - Hedge fund withdraws a lot of $ETH from exchange - Ahhhhh the exchange is insolvent and price is going to zero
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@forecastooor
forecastooor
2 years
Farming some engagement.
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@forecastooor
forecastooor
2 years
A cost breakdown of trading crypto for Europeans this coming winter.
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@forecastooor
forecastooor
2 years
Long 2021 tokens (i.e. $STG, $AVAX, $AAVE, etc) against short 2017 #crypto (i.e. $XRP, $LTC, $ADA, $TRX, etc) was lucrative through 2020/21. Expecting this to change as r/r for short 2017 tokens is now poor, and perceived "innovation edge" of 2021 tokens is merely a meme.
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@forecastooor
forecastooor
2 years
@Route2FI 1) Buy drugs in Mexico 2) Move it to US 3) Sell 4) Rinse and repeat Not financial advice.
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@forecastooor
forecastooor
2 years
0/ IMO, @ribbonfinance ’s lend product has serious design deficits and I recommend people not to use it for yield-generating purposes. A thread.
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@forecastooor
forecastooor
2 years
Once a certain level of wealth (i.e. >=8 figs) is obtained, it probably makes sense to strictly prefer minimising very bad outcomes (such as being jailed, spending years litigating, getting killed, etc) over making more money. But many people (e.g. mango exploiter) disagree.
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@forecastooor
forecastooor
9 months
“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” - Charlie Munger
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@forecastooor
forecastooor
1 year
11/ Note: If this shocks you, my advice is that you probably have no edge narrative-trading coins with MC < 1b in this market. People can sell you greed because you are greedy. If you don’t know the grifting, you are getting grifted.
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@forecastooor
forecastooor
2 years
It was incredible how CT was way more vocal about Credit Suisse's rumoured insolvency, as compared to FTX (both very unlikely IMO). This one hit a bit too close to home. Closed my $FTT shorts.
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@forecastooor
forecastooor
2 years
Mgnr's co-founder (two founders) & CTO left the firm in Aug 2022. If I had to hazard a guess, I'd say the firm was unprofitable by then. As a quant algo hustle, losing your CTO was a brutal blow. The FTX rug was prob the final straw. Just another day in the crypto bear market
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@forecastooor
forecastooor
2 years
0/ Seven reasons why $GMX has been rallying so hard, but continues to be one of the best #defi plays. A thread.
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@forecastooor
forecastooor
2 years
It might be a good idea now for @SBF_FTX to offer $FTT holders a one-way option to convert their tokens to FTX equity. It is another way to defend FTT price (compared to buying with cash), and buying cheap $FTT is arguably a good biz decision - assuming FTX is still viable.
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@forecastooor
forecastooor
2 years
- Start a new Twitter account - Tweet and comment on nothing - Use the account purely for liking crypto alphas ONLY - Do not like anything that dilutes alphas (e.g, jokes, friends' tweets, etc) Observe how the Twitter algo serves you ONLY good alphas on your feed, months later.
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@forecastooor
forecastooor
2 years
@Route2FI How about having 100% of your net worth in this man's hands?
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@forecastooor
forecastooor
2 years
Regarding $GBTC, ppl should check out Holly Futures - an equity that trades at a 92% discount in Hong Kong vs Shenzhen (same voting rights & dividend but not transferrable). The discount has been there for a decade. Not suggesting $GBTC discount will widen, but it really can.
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@forecastooor
forecastooor
11 months
@art_xbt A few more rug pulls and then up only
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@forecastooor
forecastooor
2 years
Q: How do I know my trading edge is real, and I'm not doing stupid things? A: Some traders spend their career making 12% from "alphas" yearly, only to lose 200% on their 12th year and realise they merely shorted tails. Math is just a cope. When you have edge, you feel it.
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@forecastooor
forecastooor
2 years
Remember: Having US$100m does not make you smart - it makes you rich. Having 100k followers does not make you smart - it makes you influential. The sun doesn't rise from your head. Your shit doesn't glitter like gold. You are no Aristotle, nor Einstein. You are not infallible.
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@forecastooor
forecastooor
1 year
1/ Before you start, you need a new mindset. Forget everything you know about trading. You’re now a marketer selling “get-rich-quick” schemes. Your job is to peddle the wishful thinking that everyone can be crypto rags to riches. Embrace your role as a snake-oil salesman.
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@forecastooor
forecastooor
2 years
Many people asked me for my trading edge, so I drew up the chart below. Being widely read is good, but you must also put in work to investigate the correctness of what you read. Just because [XYZ] says it doesn't make it good. The green quadrants are where big money is made.
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@forecastooor
forecastooor
2 years
Zhao Dong, a now-forgotten Chinese crypto OG, insinuated that SBF could be using FTX users' funds to trade as early as Feb 27, 2020.
Are you using FTX users fund to trade or just your personal fund ? @SBF_Alameda
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@forecastooor
forecastooor
9 months
It is well-known that if you exclude BTC's top 10 days yearly, its returns go to zero. Hodlers have strong conviction and are rewarded. Based on my analysis, if you exclude DOGE's top 2.5 days yearly, its returns go to zero. Hodlers are mentally deranged and are also rewarded.
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@forecastooor
forecastooor
2 years
3/ IEOs have died down recently, but bidding every IEO (needs to hold $BNB or $FTT) is a crowded but yet simple and profitable trade for retail. Based on stats, it is undeniable that Binance has generated much more value via IEO for its users, compared to FTX.
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@forecastooor
forecastooor
2 years
Max Pain: 1. Crypto decouples from macro temporarily as we emerge from the $ETH merge 2. CT increasingly bids crypto as it rallies, believing the macro decoupling narrative 3. Big macro wick downwards once >80% of CT buys into the narrative
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@forecastooor
forecastooor
2 years
Many accounts are flashing their profits, so I should probably do it too?
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@forecastooor
forecastooor
2 years
What do people actually mean when they say that the Saudis (or the Chinese, during the 2018 bear market) are buying or selling bitcoins? An excerpt from Liar's Poker, by Micheal Lewis, tells you the answer.
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@forecastooor
forecastooor
2 years
Making it all back in one trade...
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@forecastooor
forecastooor
2 years
0/ Forget about liquidity mismatch & demand/supply. If we go back to 1st principles, $stETH is merely a $ETH future. 1) Can go lev long/short stETH on @AaveAave 2) stETH can't trade at a premium because you can simply lock 1 ETH to get 1 stETH.
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@forecastooor
forecastooor
2 years
@EvgenyGaevoy Seems like they fucked up on the same three trades as 3AC: 1) GBTC-BTC spread 2) stETH-ETH spread 3) Exposure to LUNA & UST
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@forecastooor
forecastooor
2 years
1/ Binance Launchpad Top 5 Gainers/Losers
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@forecastooor
forecastooor
2 years
Although Su Zhu was a flawed trader, one lesson I learned from him is not to limit my imagination. When conditions are ripe, longs are often still good despite the initial leg upwards. A small win on $MASK. h/t @MrCustomSuit
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@forecastooor
forecastooor
2 years
Gabe Plotkin was a genius until Melvin Capital went broke. Do Kwon was a genius until $LUNA went broke. Su Zhu was a genius until 3AC went broke. Moral of the Story: Whatever you do, never ever go broke.
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@forecastooor
forecastooor
1 year
$NEAR and $TRX foray into algorithmic stables foreshadowed the conclusion of the echo bubble in early 2022. I’ll not be surprised if history repeats itself, given that the AI narrative is unconvincing to begin with.
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@forecastooor
forecastooor
2 years
Recall how $BTC rallied hard in Q4 2020 despite a string of bad news (e.g. OKex's withdrawal difficulties, Bitmex's ML charges, Ripple's SEC lawsuit, etc). Pertaining to Genesis, it is a misconception that rallies can't take place until all outstanding issues are resolved.
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@forecastooor
forecastooor
1 year
2/ First, you need a main CT account with about 50k followers. This account needs to have the persona of a rich, credible trader. Do whatever it takes, including flexing fake PnL, paying others, and quoting “lessons” from high-following accounts. Fake it till you make it.
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@forecastooor
forecastooor
2 years
Fed pivot was good while it lasted
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@forecastooor
forecastooor
2 years
@salience_xbt People are suffering from sunken fallacy imo. Better decisions can be made if traders write off their FTX balance asap. No point doing the negative EV leg on FTX when you can just do the positive leg elsewhere.
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@forecastooor
forecastooor
1 year
The risk of $PEPE longs getting auto-deleveraged (on OKx) is probably one of the reasons why perps are trading at such negative funding. Caveat emptor.
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@forecastooor
forecastooor
1 year
5/ Now that you have the setup ready, here is a rough strategy. - Select a dead coin and start accumulating - Use your full influence on Twitter to invent and shill imaginative vapour narratives - Dump your coins into gullible buyers as the price pumps - Profit
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@forecastooor
forecastooor
2 years
Upbit Korea $BTC is trading at a 6% kimchi premium to the world right now. No fucks given about FTX insolvency, contagion risk, regulations, and macro 🫡
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@forecastooor
forecastooor
2 years
. @ModestRebirth says let's sweep 50 @MaskedApeDAO so I swept. Left curve only.
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@forecastooor
forecastooor
2 years
Managed to front-run the Chinese on $RNDR. Not bad.
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@forecastooor
forecastooor
2 years
I don’t think there is anything too bullish about low-cap coins rallying hard if they are caused by market-makers being too broke to provide liquidity and novice shorters getting rekt. Such bullish beliefs might drive up the price of majors, but probably only temporarily.
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@forecastooor
forecastooor
2 years
Current positions in $BTC and $ETH
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@forecastooor
forecastooor
2 years
My relatively small "inverse investments" still doing well, despite recent squeezes. As the famous English proverb goes "One swallow does not make a summer". h/t GCR
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@forecastooor
forecastooor
1 year
5/ You now have a very effective advertising machine. Imagine a crypto normie that follows your main and 50 small accounts. He reads about your XYZ recommendation, and this narrative is reinforced as he scrolls down his Twitter feed. Chances are, he is quite screwed.
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@forecastooor
forecastooor
2 years
1/ 3) Expiry date unknown BUT - Withdrawals only enabled at est 6-12 mths after merge (I think way longer) - stETH unlocks will be slow. Only 4-5 validators can withdraw per epoch (~6.5 mins). - If all locked ETH tries withdrawing, entire queue process takes ~1.4 years.
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@forecastooor
forecastooor
2 years
How to become a CT influencooorrrr @frankdegods @DeGodsNFT #DeGods
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@forecastooor
forecastooor
1 year
Soros knew.
@zerohedge
zerohedge
1 year
*SOROS FUND MANAGEMENT DISCLOSES BET AGAINST SILVERGATE SHARES perfect
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@forecastooor
forecastooor
2 years
Assuming the team managed to cash out, the FTX rug is actually good news for $OXY and $MAPS founders. They now have a good and convenient excuse for doing completely nothing.
@Oxygen_protocol
Oxygen - Decentralized Prime Brokerage
2 years
1/ The MAPS and Oxygen teams are shocked by events relating to FTX Group’s bankruptcy proceedings.
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@forecastooor
forecastooor
2 years
I find it hard to believe that institutions are claiming that they have zero or minimal exposure to FTX & Alameda when many CT users are admitting to losing 7-9 figs on FTX.
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@forecastooor
forecastooor
2 years
@xyzmoxi Andre didn’t ask people to borrow heavily against a $ftm collateral to buy his token and lock it for four years.
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@forecastooor
forecastooor
1 year
4/ During #FollowFriday , get your main account to recommend your smaller accounts to slowly increase their following. Some (not all) of your small accounts should worship your main account as a trading genius. Perpetuate the hype train.
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@forecastooor
forecastooor
2 years
0/ As we get closer to the merge, time is running out for CEXs such as @binance and @FTX_Official to clarify if they intend to either pause Arbitrum/Optimism $ETH deposits, or stop their fungibility with mainnet $ETH. It takes up to 1 week to withdraw L2 $ETH to L1 cheaply.
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@forecastooor
forecastooor
2 years
1/ After the whole FTX debacle is done and dusted, how bad is the market currently pricing the risk of crypto exposure, relative to tradfi? Some stats and commentary.
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@forecastooor
forecastooor
2 years
A telltale sign of a rally reaching its final leg is the pumping of low-quality coins. Two reasons: 1) All other coins exhausted their rally, hence rotation to poorer coins 2) Long/short traders de-risking positions. Might be wrong, but I prefer to stay safe.
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@forecastooor
forecastooor
2 years
Do not underestimate the tendency of primates to "chase losses". It is a phenomenon that is well documented in many fields, including psychology, biology, statistics and economics. Vast sums of money have been won or lost as a result of loss-chasing.
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@forecastooor
forecastooor
1 year
3/ Next, you need to build a network of >100 CT accounts. Use ChatGPT to generate content. Each account shld have its personality. Some try to run 1k to 50k (on demo). Some draw lines on charts. Some write in diff lang, and across timezone. The content quality doesn't matter.
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@forecastooor
forecastooor
2 years
$SDT is one of the best (and probably last for now) trains to catch now if you missed out on or are undersized through the $CRV, $CVX and $FXS rally. The utility provided by @StakeDAOHQ is still underpriced ATM.
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@forecastooor
forecastooor
1 year
What will the average Kraken US user do to all these coins after they are forcibly unstaked?
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@forecastooor
forecastooor
2 years
2/ FTX IEO Top 5 Gainers/Losers
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@forecastooor
forecastooor
2 years
FTX users relying on effective altruism from CZ now
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@forecastooor
forecastooor
2 years
@Route2FI This is the true utility ser
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@forecastooor
forecastooor
2 years
Lottery Passive Income 1k to 100k Challenge What truly appeals to people is not money per se, but rather, the pipe dream of making money with low effort. Turning 100k to 2M in 5 years sounds great, but not when it comes at a huge personal cost (16h daily for yrs).
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@forecastooor
forecastooor
1 year
Being hustled for fines by US regulators is part and parcel of doing business for non-US entities globally. This is merely a civil lawsuit and will very likely end up in a settlement. No one was saying that CS & DB will fail when they were consistently paying fines.
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@forecastooor
forecastooor
2 years
First of all, we did buy the entire global financial system...
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@forecastooor
forecastooor
1 year
6/ You need to select illiquid shitcoins so that people can fantasize about a 10-100x return, and reduce the chance that you get dumped on. Accumulating shitcoins might cause it to pump a lot, but it doesn’t matter because you are playing the greater’s fool theory.
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@forecastooor
forecastooor
1 year
10/ Sometimes, coins will pump way harder than you imagine after you sold all inventory. That doesn’t matter. You can always claim credit as the first CT account that called this coin. Just move on and pump another narrative. Don’t be trapped in your own FOMO. Stay consistent.
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@forecastooor
forecastooor
2 years
I tricked ChatGPT into predicting the top 5 cryptocurrencies in 2025 by market cap. Its final pick: $BTC, $ETH, $BNB, $USDT, $XRP. $BNB is turning out to be quite a fine prediction, considering that ChatGPT is not cognisant of developments after 2021.
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@forecastooor
forecastooor
2 years
Ppl were incredulous when I predicted, six months ago, that 2021 coins were on their last legs and will be outperformed by 2017 ones, If you believe what goes up must eventually come down, it is not a stretch to imagine what diverges must eventually converge. It is just cycles.
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@forecastooor
forecastooor
2 years
Long 2021 tokens (i.e. $STG, $AVAX, $AAVE, etc) against short 2017 #crypto (i.e. $XRP, $LTC, $ADA, $TRX, etc) was lucrative through 2020/21. Expecting this to change as r/r for short 2017 tokens is now poor, and perceived "innovation edge" of 2021 tokens is merely a meme.
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@forecastooor
forecastooor
2 years
The old LUNA might have survived if they promptly halted the chain before UST could depeg more significantly.
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@forecastooor
forecastooor
2 years
If Alameda goes bankrupt, why is it bearish for $FTT? Imagine ~90% of FTT supply being locked up by liquidators for years, while degens try to run over every short. Remember $CEL?
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@forecastooor
forecastooor
2 years
$XAUT (Tether Gold) quietly de-pegged against $PAXG (Paxos Gold) over the last two days, even though $USDT is still pretty much trading on par with other stables.
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@forecastooor
forecastooor
2 years
@cashforfirsthy1 I do not go above >2-3% portfolio when shorting alts (excluding BTC/ETH). I take larger risks when going long.
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@forecastooor
forecastooor
2 years
To rephrase: When bond yields look attractive, buy SPX instead. When SPX prices look attractive, buy unprofitable tech stocks instead. When tech stock prices look attractive, buy bitcoin instead. When bitcoin prices look attractive, buy shitcoins instead.
@Awawat_Trades
Awawat
2 years
anatomy of a market reversal: shitcoins > midcaps > SPX > majors shitcoins are the life and blood of the world economy
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@forecastooor
forecastooor
1 year
7/ Main account reputation is important. If you want to shill 7 fig coins, do it with a small account so that you don't get labeled as a grifter. You should only shill P&D coins sometimes. Most of the time, you should be commenting on issues and on larger legit coins.
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@forecastooor
forecastooor
2 years
S&P 500 is on track this year to post one of the worst inflation-adjusted total returns (incl dividends) over the last century. Note: Return for 2022 is annualised.
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@forecastooor
forecastooor
2 years
TFW your favourite trader tells you to trade alts instead of using leverage (each time when there is a downward cascade), but you realise your alts are just leveraged $ETH with higher slippage.
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@forecastooor
forecastooor
2 years
@ModestRebirth What is a masked ape dao?
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@forecastooor
forecastooor
2 years
Forget about Aptos/Sui. Forget about the wallet hack. Forget about Saber/Sunny/Cashio TVL falsification. My long-term strategy for Solana is simple. 1) Long $SOL as long as SBF is still actively involved in it. 2) Short otherwise.
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@forecastooor
forecastooor
2 years
To those who longed $ETH and other coins from the merge, against macro Even Drunkenmiller made the same mistake once upon a time, longing VeriSign against prevailing macro conditions (contrary to Soros' behest) because "this is different.." Nope. Your coins are not different.
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@forecastooor
forecastooor
2 years
@CryptoWhale Sir, how much is $XRP paying you to discredit $BTC?
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@forecastooor
forecastooor
2 years
Effective listening has a much higher payoff on CT, vs speaking. Focus on relentlessly improving the way you read, interpret and process information. Something I am still working on.
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@forecastooor
forecastooor
2 years
Finance professors will, in time, replace all references to the tulip mania with Solana ecosystem coins when illustrating the concept of speculative bubbles. Here are some ecosystem coins that they can use (Part 1)
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@forecastooor
forecastooor
2 years
Arbitrum ecosystem coins (e.g. $MAGIC, $GMX, $DPX, $SPA, etc) running wild today, with traders frontrunning the Nitro launch in 8 days' time.
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@forecastooor
forecastooor
2 years
20d correlations for $BTC & $ETH against S&P 500 futs since mid 2015.
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@forecastooor
forecastooor
1 year
@noblemillions Don't feel like making money this way, so I posted instead.
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@forecastooor
forecastooor
2 years
Gm to all privacy coin holders. $XMR $ZEC $ROSE $MINA $LRC $SCRT $DERO
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@forecastooor
forecastooor
2 years
Many crypto traders were fixated on the "bid if 75bps, short if 100bps" trade, without realising S&P 500 was already crashing.
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