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Breech 🎩🍖Ⓜ️
@breech
GM GM! Happy Sunday fun day! The market has me feeling like this, but we keep on vibing and enjoying the days ahead! ☕ ☕ 💜
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Spaceman Spiff 🎩🍖
@spaceman-spiff
Gm Breech ☕ I'm working on zooming out and taking a longer term view. Starting to express my thoughts in LPs, think I'm just about to put some $Degen back in the vault and lock in.
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Breech 🎩🍖Ⓜ️
@breech
GM bro, that's a good way to do it! I don't really do LP'ing too often personally, but now just holding my spot positions in the hopes that we still have a real bull run finale yet to come this year!
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Spaceman Spiff 🎩🍖
@spaceman-spiff
Yeah I don't know if my LPs are profitable or the best way to express positions. It's just something I like to fool around with to keep me from making larger mistakes 🤣 Going to place some limit orders lower for coins that I want to accumulate. Feel like we get more of this craziness in the short term, but there are just way too many positive headwinds for the space to stay down.
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Breech 🎩🍖Ⓜ️
@breech
Nothing wrong with that bro! As long as you can avoid a bunch of bouts of impermanent loss 😆 Hopefully after the rest of this shit show we can get back to “up only” mode 🤣 🤞
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Spaceman Spiff 🎩🍖
@spaceman-spiff
Yeah I feel like I'm still losing the the two sided lps. It feels easier in the BTC/stables pairings though. If I think a coin is going down and I want to buy, I just put in the position and collect the fees while it chops. Still limit orders would probably be a better and more efficient way to express that position.
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Breech 🎩🍖Ⓜ️
@breech
For sure, always a tough choice lol, if you get something with crazy high volume that's just chopping, then LP'ing is a great way to print off of fees. The few times I've done it though it usually ends in impermanent loss, which isn't inherently a bad thing as long as it's not some new coin that trended to 0, cuz then it's very bad lol
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