​​Calling the top & reviving Lobsters 🦞 HI THERE 🖖

Today is a boring post, but we need to catch up and put things in order.

Up until recently, people were still feeling rekt and thus there was little noise: just friendly discussions on fundamentals and products. As time passed by and BTC / markets kept going up - people started feeling safe again. Stimulus, priced in, whales - nobody knows. But why is that important? Even if the recovery idea is flawed, people seem to be ready to gamble again 🤷

While I still believe the economic effects are not nearly priced in and we will see more rektness in 2020... It's all a gamble! Nobody knows.

---------------------

1️⃣ BTC & S&P Decoupling Meme

People are/were fleeing to liquidity cash from assets, causing sell-offs all across the board. Including gold and digital gold BTC LoL. Now, they try to either clame correlation or say BTC has decoupled - but remember, they use statistics simply to fit their bias. Don't pay attention to that, it all depends on timeframes. Gold dipped but then revived. Same as BTC. Correlation? Meme. There is so much complexity in this question that I wouldn't even try to get into it. Muh familia is an x10 degenerate, not a debt expert. Check some screens below.

However, if major hedge funds and rich plebs start believing in decoupling, it's definitely a benefit. So yes, vote for decoupling sir.

2️⃣ Currencies = stableshits

Holding cash is perceived to be safe by 99% of the world population, especially doing 3% yearly rates in a bank, wow! Well, don't forget to check for inflation and the relation with USD. If you help rubbles, you are so rekt now. Even your higher 7% interest rates in riskier countries would land you destroyed. This is a topic for the next post which should include more juicy info. But the message for now is: cash is not the same everywhere, and it's not nearly as stable purchasing power. Everyone here knows it, but the charts are still fascinating.

3️⃣ Onlyfans for ETHereans

No, it's not about onlyfans. It's about selling your brain's future cashflows. This is not a new thing as human IPOs have been performed many times. Let's not get into the legalities of this bullshit. Anyway, it's not a good sign as you sell off the most important asset to you - yourself. A toxic ETH dude Alex got 20K like this, and more people attempt to use Gitcoin grants to sell their time... it's a freaking terrible idea and the fanatics should have a limit to this stuff. Check: https://bit.ly/3cR4pPs

4️⃣ Alts ripping - your wallet dipping

Alts seem to be popping all across the board. People buy and fomo again, but the volumes are still small. What is clear is that traders are okay to engage again. SOL, HIVE, CARTESI - have popped a few X from their adjusted market caps: https://t.me/Generation_Crypto/1161. Does it mean the projects are good? Absolutely the opposite, but the valuations have been adjusted to the market. In 2017 it used to be 100M, in 2018 50M, in 2019 25M, now it's 15M and below. Less liquidity, less buyers, what else do you expect. But it doesn't mean big seasonal moons can't happen.

With xDai STAKE BitMax, and JUST Poloniex going next - we might see good performance if BtC stays fine? That's the assumption, who knows.

---------------------

Sorry for the boring one, most of the info here is known to you. It's a summary of the past month as not much has happened. DeFi security is a special topic so we will look into that and more stuff later. Good luck out there gambling, don't forget to bring in interesting whitepapers to @lobsters_chat and hope you are safe.

Interesting links

- Global market trends - tech is going nice: https://meetglimpse.com/covid19/
- Covid-19 trends from China old: https://twitter.com/Nik_Quinn/status/1241436772808056834
- Permabear material, don't agree per se: https://www.crescat.net/crescat-capital-quarterly-investor-letter-q1-2020/
- Nothing about Oil being negative. No, gtfo. It was only a short period for WTI. Still rekt, yes.