MAG

jwz9904

MAG 7 loses capital, china steamrolls ahead

LTFitness

That’s a stupid take. Your state is already invested in the general market, which likely will include ETFs that are overweight in the MAG7, which is also volatile…and all before paying the debt and smoothing the roads. Even when you have debt you have a certain amount of funds allocated toward investments, and all that’s happening here is people are realizing that BTC is a good thing to allocate into.

Smaxter84

Mate, it's all an absolute pile of bollocks. Biggest ponzi ever created by mankind. The grifters love it, so many ways they can convince idiots to 'invest' particularly due to the shit economic situation. Pull your money and invest in real assets. Don't just buy MAG7 stocks, or hyper concentrate on one stock eg. Nvidia. Anyone telling you what to buy on here is shilling because they want exit liquidity.

MaximumStudent1839

> Defi revenue to mcap is pretty on par with tech companies.. There is no revenue in the PE. It is price over earnings. And earnings=revenue - operational expenses. Now, let us take Aave for comparison. According to Defillama, Aave's annualized earnings are about $127M. At a $4.03B FDV, its PE is at 31. When it comes to DeFi, the corresponding comparison is the FinTech sector, not MAG 5. The established ones run around from 20 to 30. For example, PayPal's PE is around 20 and Capital One's PE is around 17. They are all much lower than Aave. > Alot of defi protocols function cross chain though. Uniswap, aave etc. It doesn't matter if you have a cross-chain function. It boils down to BD integration, new user acquisition, etc. If the protocol is more natively integrated within the ecosystem, it is much harder for other protocols to compete. For example, I have difficulty seeing Uniswap cracking into Raydium's business or Aave cracking into Kamino's business on Solana. The incentives are there. If I am building a new bludgeoning ecosystem/chain, I want to capture as many verticals as possible. So, I want to support locally grown DeFi protocols over foreign ones because I am early and have a bigger share of ownership of local ones. In particular, the locally grown ones would have proven more loyal to my ecosystem. Also, the new users growing with that ecosystem are more likely to be aligned with newer protocols because they got in at cheaper valuations. Never mind competing in different ecosystems, Aerodrome on Base is already eating into Uniswap's volume, and both are still within the ETH ecosystem. If an ecosystem is successful, you usually see it supporting its native brands. It is just more incentive-compatible for this to happen. > protocols survives shows it has tangible value. It is not just that. It is about users lacking loyalty when a new bull comes and a new protocol showers more airdrop incentives. Hyperliquid captured its trader base because the devs gave out a huge airdrop, making them rich and happy. But perp traders are an extremely mercenary base. What happens if they lose their shirts by longing into a bear market? They get rekted and are bound to search for new liquidity extraction. I bet many would migrate to a Hyperliquid copycat if they get an airdrop to get their shirts back. > base layer 1 chains have some premium added to the price of them that defi tokens don't get. Again, Layer 1 is upstream, and DeFi is downstream. The only reason DeFi's revenue can grow is because the L1 token prices grow. If all L1 token prices go to zero, so does all DeFi revenue. So in many ways, L1 premium is what helps DeFi to earn its current revenue.

SuleyGul

Yeh no sorry dude. Put that aside and look at price action and compare it with last cycle. By this stage last cycle alts had broken their previous ATH and not only that we're consistently moving up month after month building up pressure before the parabolic rally to come. Now? We are struggling and and currently below the highs from March last year!!(OTHERS chart) If you actually look even closer. We made a high in March last year and made a higher high in November and that pattern is exactly the same as the previous cycle. What happened the previous cycle after that second high? That was the end of the cycle. This is not just for price but weekly RSI in 2021 printed bearish divergence which marked that it had topped. Now it's printing bearish divergence on the weekly again. For all intents and purposes the altcoin charts look mostly topped. This cycle for alts was a lot weaker. Same with stocks this cycle as it was mostly the MAG 7 stocks pulling the whole of the stock market up while everything else looks like crap mostly. Everyone is dreing of an alt season when it already happened. It was just a lot weaker and more concentrated in a few alts that did well.

FunkyChickenTendy

Will be interesting to see the BTC ETF outflows today to cover MAG7 long positions.

FunkyChickenTendy

If China can provide parity or better AI results at 100th the price, you don't need to buy as many NDVA processors and it would suggest the market cap for the MAG7 is bloated and needs a sharp correction. See market open today at 9:30 for the results.

wvutrip

If deepseek isn’t lying, even if they are, we embargoed high value chips so they running this thing in older hardware, this is the blackswan event that will revalue the entire tech sector. Which will revalue the entire market given MAG 7s weight. And crypto going to come down with it all because we tied to tech at the hip now. Could get extremely ugly.

inphenite

You're making the mistake of assuming he has to sell in the first place. The strategy of any asset is "Buy and hold forever". Do the real-estate magnates who own half of manhattan sell for fiat to make a profit? No, they use it as collateral and borrow against it. A "rug pull" would imply that the Bitcoin are on a ledger under Michaels mattress. They're not. It's a public traded company with a board of directors and extremely serious custody measures. Michael does not "have access" to the Bitcoin without the multi-sig approvals of other executives, coinbase, and likely several law firms adhering to internal company procedures. The only "rug pull" is on the USD, and Michael knows it. MSTR has become the fastest growing company, outperforming all of the MAG7, the past year. There is no "need" to rug pull when he owns 49% of the shares. You need to realise that equity/collateral works like this: you buy stuff that has value, be it property, land, bitcoin - and then you borrow against it. That's it. Even as a private Bitcoin holder, you don't need to "sell to lock in profits", go to a Bitcoin-friendly bank (they do exist), offer up your Bitcoin as collateral, and get a 60% credit-line against them. As they appreciate, the % of credit you have against your Bitcoin goes down, and you can increase that again. You never sell.

johnnyBuz

You literally said “the market cap is still under any of the MAG7” which is a false statement. I call you out and correct your statement, and now you change it to “well it really starts at Apple.” lmao.. take the L and fact check yourself before saying dumb shit that is easily disproven

JeremyLinForever

Diminished returns doesn’t count if countries are constantly issuing more monetary units. The market cap is still under any of the MAG7 companies, so there is a lot of room to run.

Hellonbyebye

They work for u now. Watch them lobby some G7 nation or a MAG7 company. Get ur popcorns🍿

Substantial_Lake5957

Bigly. Bye bye gold and silver. Also all MAG7 aside from TSLA.

UpDown

huuuuge difference between going from $0 market cap to $1000 vs. $1 trillion to $10 trillion. It takes almost no money to move from $0 to $1000. I am always shocked at how people don't realize $1.5 trillion is a HUGE number. That's literally a MAG7 market cap, and nobody uses it for anything other than to try to get 10x returns. These things are too big to do 10x, the gravity of their size is very large.

alsonotjohnmalkovich

>It is a leverage bet when you include premium price I dont know why you're saying that. The premium is specifically what makes it \*not\* a leveraged bet. >Go research p/e of mag 7 and lmk how those mnavs compare. What does PE have to do with this? Microstrategy's earnings are exclusively from bitcoin price appreciation. The PE seems low because bitcoin has increased in price. If you were to calculate a PE for GBTC, you'd see that it's also very low. Meanwhile, Microstrategy's operations actually lose money. You cant compare them, nor their NAVs, to the MAG 7. You should compare them to (financial) asset heavy firms, like insurance companies or banks, since the assets of Microstrategy (bitcoin) have a well defined market value. >You shouldn't crap on ppl cause you don't understand the trade I'm a professional (maybe even an expert at this point) in the field. I have done extensive studies, and I've researched that trade specifically. It's also fairly basic stuff. I promise you I understand. If you're genuinely interested in hearing the argument against your thesis, Kerrisdale Capital wrote a [report ](https://www.kerrisdalecap.com/investments/microstrategy/)on this when they shorted the stock and bought bitcoin. It's fairly well explained.

Busy-Succotash9701

I’m not retired, nor do I have nearly enough BTC. But let’s say I did and lived in the USA (assume 40 years old and 100% of portfolio in BTC and annual expense of $100K). #1 I’d probably want to do a 2.5% withdrawal rate instead of 4% because BTC is volatile. So I would not retire until I had $4 million in BTC. #2 on date of retirement I would split my portfolio into three buckets: -Bucket A) 3 years of short term "cash equivalents" liquid to live off (T-bills or short term stuff). In a severe downturn this 3 years cash equivalent would eliminate or minimize selling BTC. (7% to 10% of portfolio in this bucket). -Bucket B) 3-10 years of mid-range investments. This could be a mixture of blue chip equities, MAG-7 stocks, corporate debt. Sad to say but on date of retirement, I would not be comfortable having 90% of portfolio only in BTC, so I would move 7% to 25% into this bucket. - Bucket C) long term. Mainly just BTC where would be looking to mostly ride out the ups and downs and let it grow for decades. Each passing year I would draw down bucket A to live, and gradually transfer cash from bucket B (dividends or small sales) to replenish Bucket A. At the same time I would try to sell 2% to 3% of BTC each year to replenish Bucket B. In a severe downturn, bucket A might be the only thing being drawn down (plus maybe some interest earned or dividends earned from bucket B). I would try to avoid selling any BTC if there was a bear market and 40% or 70% drop in BTC in a bad year. In good years, ideally Bucket B and Bucket C would significantly outpace spending and at that point a 2.5% withdrawal rate is far more than required spending. Note: this is all a WAG estimate - consult your own financial advisor.

joshx33

$MAG on the XRPL...only 2400 token supply

IlllIlIIlIlII

Not really quicker, Bitcoin's price from last ATH than MAG7 stocks, Bitcoin only outperforms some big tech since last year because it had an atrocious dump but still its crappier than Meta and Nvidia gains.

QwertzOne

I remember solo mining about 5 BTC, when it was still very early and it was easy only for few months, before my GPU was too slow to mine without pool, but unfortunately I was young and relatively poor, so I sold it once it was worth about $200. I would be eventually rich, if I'd just hold, but at the time I was happy with smartphone as a kid, because normally I'd not be able to afford it. However, while such rare opportunities occur very rarely, there are still various opportunities. Tomorrow I'm going to buy some 5x MAG7 ETP, hold it at least until September and see what will happen. Maybe current trend will hold and I'll double my starting capital.

IlllIlIIlIlII

MAG7 offers similar gains with lower risk, it's better to diversify between tech stocks as well.

IlllIlIIlIlII

The times where people said "I buy crypto because stocks are too boring" are long time gone, I've seen more action in stocks that I've seen in crypto, I think at current marketcap Bitcoin and especially Ethereum might see slower return than the MAG7 stocks but even if it was slightly higher returns the question is whenever the 80% dumps during bear markets are worth making crypto a long term investment over the tech giants.

IlllIlIIlIlII

It wouldn't in fact I think the big tech will outperform Bitcoin, already when it comes to price from ATH to ATH MAG7 outperformed Bitcoin and from 2019 the Bitcoin gains aren't that high over MAG7 to have potential risk to hold BTC.

IlllIlIIlIlII

LOL MAG7 rings a bell? big tech stocks are safer and offer similar gains.

coinfeeds-bot

tldr; The relevant text of the article is as follows: "Share Coinbase’s Base L2 network faces a new setback as Magnate Finance orchestrates a $6.5 million exit scam using price oracle manipulation. On Aug. 25, ZachXBT, an on-chain analyst and crypto expert, sent out a community alert through X (previously known as Twitter) to his 434,000 followers, cautioning them about a potential exit scam by Magnate Finance, a lending protocol operating on BASE. Within an hour of the warning, Magnate Finance’s website went offline, and its Telegram group was deleted. The abrupt disappearance led to a loss of $6.5 million, attributed to the deployer’s manipulation of the price oracle. Magnate Finance, which described itself as a novel lending protocol on Coinbase’s BASE chain, had accumulated $6.4 million in crypto assets locked on its platform since its launch on Aug. 4. ZachXBT’s investigation revealed connections between the deployer of Magnate Finance and the Kokomo Finance exit scam, which previously stole $4 million in user funds on Mar. 27. Further inquiry by ZachXBT identified that Magnate Finance’s deployer’s address matched that of the Solfire exit scam, a finding corroborated by blockchain security firm SlowMist. As of the time of writing, Magnate Finance’s website and Telegram are no longer accessible, and DeFiLlama reports that $2.8 million in crypto assets on BASE remain locked in the protocol. Blockchain security firm PeckShield has explained the price oracle manipulation in a tweet, leading to an 86% drop in the price of Magnate Finance’s MAG token. The crypto industry has been grappling with scams related to Web3 and DeFi platforms for some time. The situation emphasizes the need for increased vigilance and robust security measures to safeguard against fraudulent activities that undermine the credibility of the crypto space." Summary: Magnate Finance, a lending protocol operating on Coinbase's Base L2 network, has orchestrated a $6.5 million exit scam through price oracle manipulation. The scam was exposed by on-chain analyst ZachXBT, leading to the abrupt disappearance of Magnate Finance's website and Telegram group. The deployer of Magnate Finance has connections to previous exit scams, and $2.8 million in crypto assets remain locked in the protocol. The incident highlights the ongoing issue of scams in the crypto industry and the need for enhanced security measures. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

soundingdemo

MAG Make America Great Because it wasn't great in the past.

coinfeeds-bot

tldr; Dubai-based real estate developer MAG has signed an agreement with CoinMENA, a leading crypto asset service provider in the Middle East and North Africa (MENA), to facilitate real estate purchases using cryptocurrencies. Under this agreement, the developer will accept stablecoins, including USDT and USDC. CoinMena is a Bahrain-based cryptocurrency financial services company that is regulated and licensed by the Central Bank of Bahrain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

AutoModerator

Post is by: Maghrib_25 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/s0w35a/new_project_that_allows_you_to_earn_crypto_by/ MapMetrics is a new project and they're selling SPT devices. If you're someone that travels a lot by car, you can just use one of those devices and earn their tokens. You connect the device to your phone and it starts collecting traffic data. The data is then sold and you are rewarded in their token. Ideal for uber and taxi drivers. This project is different from those other apps as they aim to exclude spoofers. If you use coupon code MAG15, you'll get free shipping. There is also an airdrop coming soon. Their website: https://techticsengineering.com/?ref=Maghrib25 *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

AutoModerator

Post is by: Maghrib_25 and the url/text is archived[ ](https://goo.gl/GP6ppk)here: /r/CryptoCurrency/comments/s0w35a/new_project_that_allows_you_to_earn_crypto_by/ MapMetrics is a new project and they're selling SPT devices. If you're someone that travels a lot by car, you can just use one of those devices and earn their tokens. You connect the device to your phone and it starts collecting traffic data. The data is then sold and you are rewarded in their token. Ideal for uber and taxi drivers. This project is different from those other apps as they aim to exclude spoofers. If you use coupon code MAG15, you'll get free shipping. There is also an airdrop coming soon. Their website: [https://mapmetrics.org/](https://mapmetrics.org/) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Maghrib_25

You can get free shipping for MapMetrics if you use coupon code MAG15

Maghrib_25

You should check out Mapmetrics. Pretty much like helium, but you collect data with a device you put in your car and get rewarded for it. Especially interesting for people that travel a lot by car or bike. You can get free shipping if you use coupon code: MAG15 This is their website: https://mapmetrics.org/

xrv01

>[**[BTC MAG]:**](https://twitter.com/bitcoinmagazine/status/1450834910286073862?s=21) VanEck has been approved to launch second U.S. Bitcoin  futures ETF to trade next week. i can only take so much bullish news 😱

langbang

Hmmm, I just looked at the magic button, looks interesting. How lucrative have you found it to be with the MAG token?

CryptDro

Yes on Quipuswap. It is not whitelisting in the tokens list yet so visit the Stats tab on QS and get yourself some MAG. You could also use 10 mag or .1 XTZ to participate in the game. Nice to check when the clock timer is low and you could win!

Altruistic-Pipe-2761

Is there any exchange I could just buy a bag of MAG for like a month

rorowhat

You can do it many ways. I chose to provide liquidity via XTZ/MAG and in return I get MAG, once those bags get big I stake them to earn XTZ. I got in a few hundred bucks just to see what happens. Worse case I lose a little bit of money but it's worth it for me, it's also fun and helps grow tezos.

Altruistic-Pipe-2761

Just so I'm clear, you are loading up on MAG?

LastFableCom

I m baking my coins across a few places but Magma wallet is good and I love the word MAG-MA

myviolet

GREAT project, 12% Litecoin rewards for each transaction is a huge deal, buy and hold BMAG or MAG to earn Litecoin or BNB, very attractive project, i i like this project

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Brandisco

Can anyone get past this paywall? I’d like to read [this article](https://www.barrons.com/articles/companies-are-diving-into-bitcoin-what-to-know-before-you-invest-51618003535?mod=hp_MAG)