Let's do the ETHBTC-THANG! FÜR REALz, this time, folks!
I record the $ADA price from @Indigo_protocol and the $ETH and $BTC prices from @Levana_protocol.
EMA20 indicators saying { $ETH, $BTC } -> $ADA swap is good, if that's your THANG!
It's not for me, so I chill.
Why is the { $ETH, $BTC } -> $ADA swap NOT my THANG?
My financial goals.
My goal with @Indigo_protocol is to accumulate as much $ETH and $BTC (actually, $iETH and $iBTC) as possible AND HODL!
Swapping from those synthetics, EVEN for later gains of same, is counter to my goals.
2024-01-04 ETHBTC-THANG! Day 221
After swap:
ETH: 4.81699 BTC: 0.0000
Total: $10,899.50 TVL EMA-20: $11,114.55
n.b.: TVL EMA-20 indicates that ETHBTC, itself, is undervalued.
ROI: -2.87% APR: -4.75%
Is this 'cheating' the system?
Some of you may say that, but I disagree. Why? Because the call was to
and I had 0.002486 '$BTC' in $KUJI;
and,
And I'm swapping to 0.049222 $ETH because of arbitration.
Net result: same to better.
Takeaway
So, what's the takeaway here? That I'm smart?
Well, yeah.
But the better takeaway is the one that empowers YOU.
The call was to swap 0.0023 $BTC to $ETH. I didn't have that $BTC, ACTUALLY, but I could get to that VIRTUALLY, so I used what I could to improve upon the trade.
That's the real takeaway. You see a trade, take it. If you don't have the thunk to MAKE the trade (maker), create a world where you do, be it, in this case: treat $KUJI as virtual $BTC, but in other cases it could be 'borrow $BTC' or 'leverage a position' or 'lease' or whatever.
The point is this:
Don't say: "I can't."
"I don't have $1M, so I can't do el geophf's trades."
I don't have $1M, either, but I have $1K, that I can trade 1,000 times, which is $1M in total volume.
See? You don't have to have a whale's bag to BE a whale.
Be the whale, fam. ❤️
