[rsync]

"In total, I did this with about 40 different farms. There was a time when there were several new ones every day. For a while it was pretty much a 24/7 job as maximizing apy required constantly jumping to some new hype."

There is a line from a movie ...

"Short everything that guy has touched"

[seibelj]

My friend made over $500k from the Uniswap airdrop, he woke up on Thursday and realized he had another half million dollars. He sold it all immediately for stablecoins, and actually missed out on another $750k if he had waited a few hours and sold at the UNI peak.

So yes, it is crazy and complex and difficult, but the rewards are vast for those that dare enter the world.

[ISL]

Every transaction is two-sided. I don't follow the crypto markets in detail any more, but if there was a "UNI peak", then someone who dared to enter the world exchanged stablecoins for Uniswap at about the time UNI peaked. That daring transactor might not agree that the rewards are vast.

Timing markets at the hour level is fraught with risk and cannot generally be done without information not known to the broader market.

[strogonoff]

Advertising profits without details on how much was invested in what assets and when?

A major disservice, doubly so in a risky space like cryptocurrency and on a public forum. This really just makes the space seem even less trustworthy.

[seibelj]

I gave you everything you needed to know! Uniswap airdrop! $500k profits! The rules of the airdrop are published! If none of this makes sense to you then you aren’t even remotely in the crypto space. Uniswap is the biggest dex in the world! Do 20 minutes of googling

[strogonoff]

I believe I already know everything I need to know here. I am concerned not about myself but those susceptible to being persuaded by statements a la “my friend made 6 figures” with no further substantiation, especially in these troubled times.

[vvpan]

His friend didn't "make" the money. The token was airdropped to every account that ever used the exchange or has provided liquidity. I had two accounts with a couple of transactions each - bam a nice surprise of a few thousand USD worth of value. It's very odd and unexpected. I never make money off of crypto but perhaps it just pays to be in something new. Right time and right place as they say.

[gambiting]

I just don't understand - where is that money coming from? You said you suddenly and unexpectedly got a few thousand USD - that sounds to me like someone on the other end, somewhere, just got scammed out of few thousand USD? It can't be just investor money being randomly deposited into accounts "for the lulz"?

[strogonoff]

Handout instead of profit, few thousand instead of half a million USD value—we are moving into a more realistic territory.

[seibelj]

Yes - you are yet another person speaking authoritatively on a subject while knowing basically zero. As an added bonus you freely admit you have no intention of learning anything, either! I have my public name here and my reputation in the industry carries my statements.

[rsync]

Short everything this guy has ever touched.

[remcob]

For every lucky person making $500k there are 100 people loosing $5k.

[seibelj]

Wrong! UNI was airdropped for free to all previous users of uniswap! No one lost anything. And in any trade, both sides have a coincidence of wants, so no one “loses”.

[pavlov]

That’s probably the argument that the Wolf of Wall Street used to defend his boiler room schemes. “The penny stock company issued 100M new shares for free, no one lost anything, we sold them to people who had a coincidence of wants.”

[seibelj]

All markets have losers - another trope from the uninformed left. Markets allow people to satisfy their needs in a voluntary way.

[ben_w]

Only with perfect information, and even then markets are NP-complete.

https://arxiv.org/pdf/1002.2284.pdf

[smnplk]

What is so complex about being lucky and receiving an airdrop on multiple addresses ? Some guys are just born lucky...