Taking Advantage of Binance's DeFi Greed. - Trade Idea
If you've been hanging around the Liquidation Station, or Binance's DeFi Perpetual Futures tab as it's more commonly called, you'll have likely noticed something kind of humorous.
Binance loves listing total Sh*tcoins lately!! and early in development to boot. Granted the DeFi bubble has definitely popped across the board, but it's a noticable trend that if it has DeFi involvement it's headed to futures. Expect burger and cake up there soon I'd imagine.
They've even created a basket deal where you can grab the whole defi index, which has also crashed miserably since it's conception.
Now, the lovely thing about derivatives, as we all know, we can just short them without worrying about actually holding these rapidly devalued coins.
So take advantage of Binance's greed and oversight: If you see them list a coin that seems absolutely shockingly shite, SHORT IT.
The defi downturn might be ending, it might be only beginning; but I've got a sneaking suspicion human greed and lack of foresight will continue for many, many years to come.
Binance loves listing total Sh*tcoins lately!! and early in development to boot. Granted the DeFi bubble has definitely popped across the board, but it's a noticable trend that if it has DeFi involvement it's headed to futures. Expect burger and cake up there soon I'd imagine.
They've even created a basket deal where you can grab the whole defi index, which has also crashed miserably since it's conception.
Now, the lovely thing about derivatives, as we all know, we can just short them without worrying about actually holding these rapidly devalued coins.
So take advantage of Binance's greed and oversight: If you see them list a coin that seems absolutely shockingly shite, SHORT IT.
The defi downturn might be ending, it might be only beginning; but I've got a sneaking suspicion human greed and lack of foresight will continue for many, many years to come.
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
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