Crypto Twitter Commentary Series #7 - 29/12/2022
Comment on top tweets of the day.
The South Park television show featured a character with a sweater with Binance logo on it. The tweet can be found at the following link:
Binance was featured on South Park, the mention of a cryptocurrency on a popular and widely-watched TV show could potentially raise awareness of cryptocurrencies among the general public.
A new cryptocurrency product that was funded by an CZ is now in full production and available for order. The tweet can be found at the following link:
The tweet mentions that CZ provided funding to two friends who worked on the cryptocurrency product, but that it is not affiliated with the Binance exchange or company. It is not clear from the tweet what the cryptocurrency product is or how it functions. However, the fact that it is now in full production and available for order suggests that it has completed development and is ready for widespread use.
Carl plans to delete their Twitter account in two days, and may give it away to a follower. The tweet can be found at the following link:
It is worth noting that the deletion of a Twitter account may not necessarily impact the person's presence or influence in the cryptocurrency market, as they may continue to be active on other social media platforms or through other means.
Gainzy used their Cryptopunk as collateral to take out a loan and go long on a cryptocurrency using 100x leverage. The tweet can be found at the following link:
Cryptopunks are unique, collectible non-fungible tokens (NFTs) that were issued on the Ethereum blockchain by the company Larva Labs. The tweet suggests that the person used their Cryptopunk as collateral to secure a loan, which they then used to speculate on a cryptocurrency through the use of leverage. Leverage allows traders to increase their potential profits (or losses) by borrowing funds from a broker or exchange. In this case, the 100x leverage mentioned in the tweet indicates that the person was using a very high level of leverage, which can be extremely risky as it amplifies both potential gains and losses.
Binance has asked for price predictions for 2023. The tweet can be found at the following link:
It is not uncommon for market participants to speculate on future price movements of cryptocurrencies or other assets. However, making accurate price predictions is difficult and highly subjective, as it requires taking into account a wide range of factors that can impact the market. Some of these factors may include economic conditions, regulatory developments, technological advancements, and market sentiment, among others. It is worth noting that price predictions should be taken with a grain of salt, as they are often based on personal opinions or subjective
Lady of Crypto asked who is still investing in cryptocurrency despite the current market lows. The tweet can be found at the following link:
The tweet suggests that the cryptocurrency market is currently experiencing low prices, and asks who is still investing in the market despite this. It is not uncommon for the prices of cryptocurrencies or other assets to fluctuate over time, and it is possible for the market to experience both highs and lows. Some investors may choose to hold onto their investments during market downturns, believing that prices will eventually recover and provide a good return on their investment. Others may choose to sell their investments in order to cut their losses or redeploy their capital elsewhere. The decision to continue investing in the cryptocurrency market during low periods will depend on an individual's risk tolerance and investment strategy.
A tweet expressed disappointment about a recent event in the cryptocurrency market. The tweet can be found at the following link:
It is not clear from the tweet what the specific event was or how it has affected the cryptocurrency market. However, the use of the word "hurts" suggests that it was a negative event that has caused some level of discomfort or distress. It is possible that the event could be related to the price of a specific cryptocurrency or the overall market sentiment, but more information would be needed to determine the specifics.
It was announced that Bitcoin is now legal tender in Brazil. The tweet can be found at the following link:
The tweet reports that Bitcoin has been recognized as legal tender in Brazil, which means that it can be used as a form of payment in the country. This is a significant development for Bitcoin, as it increases the acceptance and use of the cryptocurrency in a major market. It is worth noting that the legal status of Bitcoin and other cryptocurrencies can vary from country to country, and it is important to be aware of the specific regulatory environment in which they are being used.
Binance announced that it will delist several borrowable assets from its cross margin platform. The tweet can be found at the following link:
Binance is a major cryptocurrency exchange that offers a range of trading and investment services, including margin trading. Margin trading allows users to borrow funds from the exchange in order to trade with leverage, similar to the way that the person mentioned in tweet 4 used leverage to speculate on a cryptocurrency. The tweet announces that Binance will delist several assets from its cross margin platform, which suggests that users will no longer be able to borrow these assets for margin trading on the exchange. It is not clear from the tweet what specific assets will be delisted or why this decision has been made.