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Alemac
@alemac
$DEGEN vault movement through season 13. -negative inflow every day: -96M degen unlocked so far. -16.8M tipped (out of 28M) so far. That's 60% tip usage. what changed? (Imho, being a degen lover). -locking your bags without clear rules: last minute bans, global daily allowance cut down from 5M to 1M. -people don't use their allowance for fear of being banned. I've invested 7k usdc into degen (550k degen), being my currently allowance 590 degen per day. I wonder how fun the tipping game is for those who cannot afford a large investment: tipping 20 degen (0.07 usdc) is bored. I wonder: what is the advantage of locking degen into the vault?
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
Main advantage to me is it’s locked. I can’t do anything with it AND others know it 20 $DEGEN
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Alemac
@alemac
What would you do if you had it in your wallet?
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
Most everything in my trading wallet is subject to be traded. If I want to keep it, it either gets locked (hedgey, vaults) or gets transferred to hardware wallet(s) One of my trading rules that I try to honor is “only buy something when you have a sell price decided”. This means writing it down That’s why I sold $DEGEN on way up and rebought on the way down. I’ll swing trade DEGEN with the goal of accumulating more DEGEN in the long term
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Alemac
@alemac
I get it, but after being here more than 7 years, it's not an easy task lol Selling high and buying low can be achieved some of the time, but definitely not always. In my case I learned to HOLD my ledger; of course I have my wallet to 'play' trading...
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
“Reverse selling” has been one of my biggest moneymakers since summer I log all of them in my hypersub discord; sometimes I list them here but I don’t think Warpcast loves detailed trading stuff. Plus I don’t want to put in the effort to sanitize details that just make it look like I’m flexing. Samples attached
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Alemac
@alemac
Thanks for sharing! What is your hypersub cost?
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
https://warpcast.com/yes2crypto.eth/0xdccdf3ba It’s 500 DEGEN a month and for some totally unrelated, mysterious, inexplicable reason, my subscribers somehow find themselves with at least 1000 DEGEn a month in tips. Prorated by how long their subscription is It really is weird how it turns out like that.
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Alemac
@alemac
I just joined it! :) I'm curious about what's going on there :D
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