💼 Fund Partner @Sigma_VC 😎 Blockchain Analyst and Early Investor ✌ Investing in People, Innovation, and Technology.
Melbourne, Australia
Joined January 2022
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Predicting the next cycle based on the time duration metric of the last cycle is not the right technical analysis
What triggers a cycle is FIIs, Regulators, MMs, and the global economy while the same hold the potential to de-trigger it
Crypto bull runs last 10-12 months from the break of Bitcoins previous all time high. This has been consistent for the last few cycles.
Why does this matter?
Now you know that when Bitcoin breaks $69k a 10 month countdown timer starts and by the end of that countdown you should be all out.
If you don't take profit, it's your own fault.
Your goal is so simple. Don't f**k it up!
To add: DYOR - Research as much as you can and it will put you 10x ahead in the race than all the panic traders in the #Web3 industry
I believe in investing in 2-3 projects a month that will overperform the markets and end up giving 100x eventually 💪
#CryptoInvesting
How To Win In Crypto:
- Take Profits
- Don't Worship Devs
- Get A Hardware Wallet
- Diversify Your Investments
- Buy When There Is MAX Fear
- Sell When There Is MAX Greed
- Invest What You Can Afford To Lose
- Take Influencers Advice With A Grain Of Salt
- 80/20 Rule: 80% Blue Chips/20% Memecoins
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As #Bitcoin becomes more scarce, more retail investors will long for it as an asset class for long-term #investing
This mindset shift will likely emerge from the West and soon take over regions causing a surge in demand 🔥
#BTCETF #Crypto #DeFi
Wall Street LOVES bitcoin.
They are buying up 12.5x more bitcoin per day than the network can produce.
The march to a new all-time high is underway if this continues.
I explain this on my segment with @SquawkCNBC this morning.
Issuance of CBDC can be a great step towards decentralization in a growing economy like India 🚀
A great study by @BlumeVentures breaks down the 'Future of Money' from a regulatory standpoint 🙌
#India #CBDC #DeFi
"The future is here! Our predictions in the 'Future of Money' thesis, co-authored by me and @AshishFafadia, are coming true."
RBI is bringing programmability and offline usage to the ongoing CBDC or e-rupee pilot in India.
Programmability is giving a purpose to the digital asset on the places/quanta of usage.
Offline usage will enable financial inclusion in rural and unbanked or underbanked Bharat.
We have outlined 10 ideas/business models that can be built on top of CBDC as depicted in the image.
CC: @BlumeVentures
If you have not read the thesis you can download it here :blume.vc/commentaries/future…
In 1998, @elonmusk joined forces with @peterthiel to survive the Dotcom bubble leaving X(dotcom) behind to build @PayPal
Maybe he is off to build the 'everything' app with the same enthusiasm and won't let it go into political hands 🤔
#twitterfiles #X
YouTube, still as a centralized social platform has changed so many lives by incentivizing the creators
Imagine what a decentralized social platform can do - the stats would blow the internet 💥
#SocialFi #DeFi
In the last 3 years YouTube has shared over 70 Billion dollars of ad revenue with people who upload on their platform 🤯
This has changed mine and millions of other’s lives. Such a beautiful stat
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Great read 📃 👇
OEVs are the next trending thing in the #Web3 space and we need more such info to educate the masses 🙌
Account abstraction allows users to create non-custodial wallets as programmable smart contracts.
This makes the web3 experience safer, faster, and more flexible. @NEARProtocol is doing wonders by working along these lines and providing more authority to the end users 🤍
#NEAR
Near is taking account abstraction to the next level with @here_wallet
it’s a telegram bot which allows you to create a near wallet with (yourtelegramusername).tg
Users can automatically mine $HOT immediately after creating Wallet.
It reached 300K users in less than 48hrs.
Solana has addressed the pain points of investors that #Ethereum and every other coin failed to solve during 2018-19 🙌
Moreover, interoperability and low gas fees attract DAU thus resulting in higher volumes on DEX 🚀
#Solana #ETH
All eyes on #Budget2024 👀
Hopefully, the Indian Government will #reducecryptotax this year benefiting #Crypto companies to thrive in India without playing around different tax loopholes for the end customer ✌️
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Additionally what we look out for while investing is the team's vision and the founder's integrity to achieve it 💪
Nothing stands before the passion and hunger to solve a problem that serves a utility to the masses ✌️
#investing #VentureCapital #Crypto
I believe that if you are investing in any crypto tokens, you should actually have a clear and crisp idea of these 15 things:
▶️ What they are building?
▶️ How they are building it?
▶️ Do they really have the expertise to build it?
▶️ How they differ from competitors?
▶️ What is the role of the token in their product?
▶️ How much supply they've allocated to bootstrap early demand?
▶️ Do they have any plans to reduce inflation?
▶️ Are they funded by any top-tier VC?
▶️ What is their Flywheel?
▶️ What are their recent milestones?
▶️ What is their future roadmap?
▶️ Do they have any tech-related moat?
▶️ Do they communicate with the community regularly?
▶️ Are they operating from a crypto-friendly jurisdiction?
▶️ Do they have any marketing plan in place?
When you get all the answers, manage your risks before investing in any crypto token, as some of them could become worthless in next 3/4 years.
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Unlike the tech revolution of the 90s, the next Facebook or Google of crypto won't be from the US but instead from the UAE, India, or SEA regions.
This is what true #Decentralization implies! ✌️
#Crypto #DeFi #Web3
We are happy to partner with @ordinalscouncil as a step towards exploring the #Ordinals ecosystem
We believe #BRC20 has a lot more potential to boost the underlying #Bitcoin technology ✌️
We are proud to announce that @NewTribeCap is now an official Research & Incubation partner of @ordinalscouncil! 🟧
Welcome aboard 🤝
Record $665M #Bitcoin moved in a single transaction, leading to massive sales by miners as #BTC prices hover around $42K-$43K 🚀
Miners usually sell their Bitcoin when its value goes up, to benefit from higher prices when the market is doing well 📊
#bitcoinnews #Crypto
ALT Source: AI Generated
RWAs will be leading the next bull run as more and more DeFi protocols are pivoting around RWA products 🚀
#RWA #decentralizedfuture
Injective's Volan Upgrade was completed last week.
This marks a major milestone for the chain – Real World Assets (RWAs) are here!
The Bitcoin ETFs may have stolen the show this week, but this upgrade is just too big of a deal to ignore.
Injective’s RWA module will give both institutions and individuals access to financial products, including:
- tokenized fiat currency pairs
- treasury bills
- exclusive credit products
The RWA sector is growing fast.
With a market size already of over $500 million, this upgrade signals Injective wants to be a sector leader.
Alongside the RWA module, Volan is also designed to expand Injective’s inter-blockchain communication (IBC) protocol.
It will allow much more complex cross-chain transactions like advanced order routing and swaps.
So in 2024, Injective will only get bigger and better within the Cosmos ecosystem.
With a bright year ahead, it’s obvious why investors have gone crazy for INJ.
$INJ is already one of those tokens hitting new ATHs and has already pulled a 25x in 2023.
Well done if you own INJ.
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one of the smart ways to dodge inflation is investing in #Bitcoin as a SIP. This not only helps evade the volatility of #btc but also creates a compounding return mechanism by investing in a digital asset
1. BTC has a fixed supply
2. It is decentralized unlike pointed money
Average people accept that they can't do anything about inflation. Their government tells them they have no way out, so they comply and just deal with it by taking on debt or consuming less.
Critical thinkers realize that inflation is only a cost on people who don't understand how money works.
Owning #BTC is a way out of the constant money printing that has led to $5/dozen eggs and houses costing 10x the average salary.
On a #Bitcoin standard, you will be able to consume more of the things you love, because you don't have to worry about the price going up 10-15% each year.
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One of the major reasons for the Indian users to shift to DEX is also higher TDS and the latest capital gains tax unlike that on any Indian CEXs 💰
Plus, shifting to #DEX also offers more authority over the funds while dodging the deposit/withdrawal regimes of CEXs 😪
Are Indian Traders Moving To Indian Exchanges❓
Here's a reality check👇
Top Indian Exchanges 24-Hour Trading Volume On January 10th
➜ CoinDCX: $5,724,955
➜ WazirX: $3,161,383
➜ Bitbns: $1,464,154
Top Indian Exchanges 24-hr Trading Volume Today
➜ WazirX: $2,037,759
➜ Bitbns: $1,603,429
➜ CoinDCX: $1,346,682
Despite foreign exchange URL blocks and their removal from app stores, Indian exchanges have seen a decline of over 50% in their trading volume.
This shows that Indian #crypto users are either using DEX or using other foreign exchanges that aren't on the radar of the Indian government yet.
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We need to find the right balance between KYC/AML while protecting users data and privacy concerns 🛡️
India can float regulatory battles if worked while joining forces with leading companies in the country 🤍
Day 711
Has India progressed with respect to regulatory clarity today compared to 2018?
The answer is YES.
If you remember #IndiaWantsCrypto campaign, we were at ground zero. There was limited knowledge about crypto. There was no clarity around regulation.
Today, we have guidelines for AML and KYC and guidelines around taxation.
Yes, taxation has issues and it’s hurting the end consumer in the ecosystem.
The solution is to voice our concerns and spread more understanding on why a better taxation model with lower tds, loss set off and existing tax slabs will benefit the Indian youth as well as the tax department.
We have emerged from a time where discussion was around crypto ban. With more efforts around the right information with taxation issues, we will be able to solve this as well.
We’re in a dynamic industry and regulations are still evolving. But eventually you will look back and see this as the path to regulatory clarity for Web3 in India 🇮🇳
Jai Hind!
#BuildWeb3 #reducecryptotax
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