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SBF
@SBF_FTX
Replying to
@SBF_FTX
12) to be clear I would short sell the shit out of those models attempting to directly project TVL/earnings/etc. of YFI as it exists today. But like I feel a lot less good shorting
@AndreCronjeTech
's building. Lots have done that. Few have won to it.
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SBF
@SBF_FTX
15) So a few notes on these. a) I'm not saying it's good to buy these. It might not be! It might be bad! Among other things, some of them are already up a lot. At some point it's no longer cheap. b) I have conflicts here.
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SBF
@SBF_FTX
16) In fact I *definitely* have conflicts of interest on many of these. Why? Because when we think a project is really cool, we'll often buy tokens. So the fact that I think they're cool enough to mention means we might have thought they were cool enough to buy.
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SBF
@SBF_FTX
17) Again, prices matter, and so that doesn't mean buying now is good. Some of these we never bought much of because we were too late. I tried hard to buy $COMP the day before it listed, but by then it was already up a ton. Oops.
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SBF
@SBF_FTX
19) Anyway, that just goes to say: This isn't just a customary "not investment advice". I really do mean it. I probably thought most of these coins were good to buy at some point, but for some of them that point isn't now. (For some of them, it is!)
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SBF
@SBF_FTX
20) Anyway, TL;DR (oops you've already read it): Three cheers to the builders, who make crypto what it is. There are a lot of them, interspersed between the noise. You are the future of crypto, and so the future of crypto depends on you. Keep building.
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SBF
@SBF_FTX
Replying to
@jurad0x
and
@ProjectSerum
twitter.com/SBF_Alameda/st "'what projects that _I'm not a part of_ do I think are really legit'
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SBF
@SBF_FTX
1) ok guys today is bloody and red and shitty so let's play a game of 'what projects that I'm not a part of do I think are really legit' also I'm not going to say the obvious big ones, y'all know those. ------------ IS THIS INVESTMENT ADVICE, YOU ASK? NO. NO IT IS NO.
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