timdaub
@timdaub.eth
right: ETH, left: memecoin Memecoins aren't leveraged ETH for the simple reason that they're not holding ETH's price level. DEGEN has been headed down further, while ETH hasn't. It seems they do amplify directional momentum though. E.g DEGEN went up quite significantly with the 20% ETH ETF pump on May 20th. Still, wouldn't have holding literal leveraged ETH performed better over the last 3m here?
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jtgi
@jtgi
For a while most of my holdings were ETH, BTC leveraged at 2x. Was doing perpetuals but you have to watch for fees, aka funding rate. Can get expensive under volatility (e.g. 40% annualized on dydx)
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↑langchain 🎩
@langchain
At some point just paying options premium is cheaper and more effective - won’t shill you an Aevo referral link but Aevo.xyz
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