Is crypto trading easy?
trading is honestly really easy
all you have to do is accurately predict price fluctuations better than traders with more experience than you, funds who have more money than you, algorithms that are faster than you, and phd quants that are smarter than you
— VKTR (@0xVKTR) August 19, 2022
ENJ dumped overnight
1/N: Big $ENJ dump last night by 2 wallets
– 0x5b990c664ae7e759763acfec76e11c289c53be77 (Eth Millionaire) dumped 1.5mn $ENJ (~$850K) into Binance. This is a $30mn wallet.
– 0x9afe34a6a2b9025ab35d80cf774b446df02bea92 dumped 1.4mn $ENJ ($820K) into Coinbase. pic.twitter.com/DPJOwRsU70— Ouroboros Capital (@0xroborosCap) August 20, 2022
2/N: These are the 2 largest dumps into CEXes in the past 7D. Covered all $ENJ shorts post this. Most of the underperformance is likely done. Bottom panel is ENJ price divided by non-BTC non ETH crypto market cap. pic.twitter.com/yLxg6X6Htk
— Ouroboros Capital (@0xroborosCap) August 20, 2022
You can’t fix it all, but do what you can
Regular reminder to people trying to make things better:
It is not your responsibility to solve every problem.
— vitalik.eth (@VitalikButerin) August 19, 2022
CZ: Be weary of founders hopping into projects
Be wary of founders that move from project to project.
— CZ ? Binance (@cz_binance) August 20, 2022
A founder must at least stick to one project. @Brains_DAO will be my only project for at least 10 years and I am fully dedicated to it.
We're looking for investors who would come and support our Web3 developments and push blockchain adoption in Africa.
— Udy ? Highs ? (@UdyHighs) August 20, 2022
Twitter’s Jack mines crypto at home
Even @jack mines #bitcoin at home pic.twitter.com/CBGxK6sbWS
— Documenting Bitcoin ? (@DocumentingBTC) August 20, 2022
Hash Ribbon indicator turns bullish
The Hash Ribbon gives another BUY signal! ?
This has been a very accurate indicator in the past, signalling major gains ahead for #Bitcoin
Follow? @caprioleio – he created this indicator. pic.twitter.com/ycuoO3ZRab
— Bitcoin Archive ??? (@BTC_Archive) August 20, 2022
Bitcoin's hash ribbons have flashed a buy signal for the first time since August 2021, marking the end of a 2+ month-long period of miner capitulation and deep pressure on miner's margins. pic.twitter.com/Ja7GbIdfL5
— Will Clemente (@WClementeIII) August 20, 2022
This is something we've been following for a while now, noting the day we initially crossed into a capitulatory period.https://t.co/BGHIQxSAxd
— Will Clemente (@WClementeIII) August 20, 2022
Largest Ethereum mining pool boycotts Tornado transactions
Ethermine, the largest Ethereum pool, has refused to pack Tornado Cash-related transactions into blocks in the past week. Several pool technicians also confirmed the news and said it was the first time in history. https://t.co/XLC3ZjddLR
— Wu Blockchain (@WuBlockchain) August 20, 2022
Man got scammed after purchasing BAYC
Wow this person bought a BAYC for $116k (70.69 ETH) then proceeded to get scammed just two hours later.
Scammer sold the NFT then used RenBridge.
0xc67FfA3CB403fBd3740Ea02Cf88fe33754862385 pic.twitter.com/ovHNW7wCY4
— ZachXBT (@zachxbt) August 20, 2022
More shake out of weak hands
The amount of realized losses (capitulation) we have already seen for #Bitcoin in noteworthy.
The price action the last 90 days has resulted in a significant amount of market participants being shaken out. #BTC pic.twitter.com/3xRVTxbPCr
— Plan©️ (@TheRealPlanC) August 20, 2022
Source: https://www.cryptopolitan.com/top-tweets-of-the-day-august-20th/