#teamstone Crypto Corner

does that qualify as black friday oreddi?

✌🏽 prettty nice dumperinos across the board and brent knocking at 120usd i think metals here already at prices which should be decent for longterm buy and I am already DCAing for a while. Targetting to have 2.5-4% in gold and silver via ETFs after I went entirely flat during last bull. But sounds better than it was bc i already started scaling out from 3k++ but also had some exits at 5k++ and 100++ stonks still a bit too higher overall but depending how this goes would consider increasing ETF dca size. For ETF dca I use 3 sizes depending on how far we are from ATH. 100%, 150%, 250% and will adjust monthly accordingly. Crypto already discussed earlier looking to rebuy more low 70s glgl

ohi

metals also trading like they hacked Peter Schiff Silver Vault...

🧐 hack or no hack thus far it does wat i expected it to do. hit the bottom of the range a bit too often and now with big Binance hack had finally the reason to break down. In general I think nothing changed here so I am still looking to continue to buy low 70s next to my weekly DCA that runs until end of year I still think this is a bullish chart and my base case is higher low / 60k retest and no new lows Overall timewise its also to perfect. In hindsight everyone would say "lol binance was hacked and it didnt move too much such an obv bottom exactly at the 4y cycle point" I think the way bigger issue now if you have significant amount of NW is asking yourself: "how much exposure do I want in crypto over the next 4 years" Nobody can answer this for you. Personally my goal was having 20-25% nw in crypto measured around the cycle low. All things considered I am at a point where I start asking myself if this can be justified given the everincreasing risk and likely diminishing returns. Ngl it definitely feels like this is on the very high side and something like maybe just 15% could also be considered. As I said before I also think this is a question a lot of people will ask themselves going forward. Personally for instance I will shift another smol stack which was considered for crypto into IBKR once Aave reopens withdrawals. I am also fully out of any DEFI stuff now

https://x.com/clavicular/status/2115968652390359543?a=XvQclmMdOe-1x1mTEjU&s=19 😵‍💫😵‍💫😵‍💫

https://x.com/cz_binance/status/2116097554882728341?a=LY0X1AcfAeNw-CrqKTI&s=19 Quite savage post lmfao

🤔 big issue with all of these hacks is more and more people will reduce exposure. We currently already have a lot of big money sidelined bc quantum risk And going forward we will have more and more people (meself included) asking themselves if they want to have 20% nw in crypto or rather 10 5 or 3% as long at those constant hacks and exploits are happening so from a pure logical standpoint very hard to imagine anything but a muted cycle until this stuff is somewhat solved for

⁉️ food for thought exchanges: they managed to hack binance and bybit now for over 1b in the last 2 years. If they can hack those they can basically hack anything at this point Your main question when picking exchanges and especially having significant money on there should be: 1. are they rich enough to pay me if they get hacked 2. are they willing enough to pay me if they get hacked On S tier here I would view Binance and Cuckbase. I have no worries that they will pay out Second tier would be Bybit and Kraken. Bybit showed they are willing to pay but question going forward if they should be hacked again is if they can. It's like a boxer who received one strong hit already and is tumling Those are 4 exchanges in S and A tier All the rest is below that and god knows what would happen

🧐 quite interesting though that we aren't down more. Looking at BNB chart you wouldn't think that they got hacked for 6b

😮‍💨 Honestly feels like theres nowhere left to hide and getting quite blackpilled with all this stuff. Polymarket frontend gets hacked for a couple mil, you go to bed and wake up to Binance being hacked for a couple bil... And with AI you can only expect this to be getting worse and worse and worse. Really no idea what is the remedy for this. Initially you got crypto to self custody and to make sure your money is yours. To protect yourself from a predatory state that can freeze your bank account or take your gold. Now we are in a situation where crypto really solved for this but we have an insane amount of bad actors who can just come and take your stuff whenever there is the slightest weakness. All really tiresome... Probably will move my latest defi stables to exchanges later over the course of the day...

Security Incident Update Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified. 👉🏻Learn more here

Needless to say don't try to login until the dust settles. I guess that's how they get yiu