The Crypto Cycle & Leverage and where we are now...
Crypto is cyclical. Always has been. Its value is derived from a simple formula:
Value of the underlying technology
+
Global Liquidity
This is why I often say it trades like a call option on the future. 1/
I am happy to see @0xPolygon ecosystem was lucky to come out safe from all this chaos. I can speak for myself and few ecosystem founders I spoke with.
What saved us all?
Core fundamentals of self custody, trustlessness and not being greedy of yields, market opportunities ..1/n
Last tweet for a while now on FTX.
Personal post-mortem of how I dealt with the event as an investor. Not sure who wants to read this lol, but hopefully helpful.
The past few days have shown the importance of transparency in CEXs.
Here are the tools to help you monitor exchange flow, with pro tips and tricks.
This won't be the last time you need it🧵
Looking for a book? Here are 5 books from this weeks edition of The Reading Journal.
📚 Staff Pick
📈 Rising Quickly
🧙 Most Talked about Fiction
✍🏼 Most Talked about Non-Fiction
🆕 New and Noteworthy
Some tokens might go to $0.
Others might break all-time highs in the next cycle.
How can you know which one is which?
Here's a framework for evaluating possible bear market winners & losers:
Macro Views:
As Ive talked a lot about, I think we are going into a pretty nasty recession (or are in one). Lay offs are coming as are house price falls. Demand destruction is everywhere due to the largest monetary tightening in history. 1/
Keep Calm and Carry On.
Stick to your framework.
Relentlessly test your hypothesis and keep an open mind.
Filter out the noise and focus. Opportunity comes out of crisis.
Im looking to add to ETH and getting wildly bullish bonds and am averaging in to high-beta growth.
Naval Ravikant is one of the most respected investors of our time.
He credits reading 1-2 hours per day as the main reason he's been so successful.
Here are 20 books @naval recommends reading:
The worst events in Crypto history.
1. Mt. Gox Hack
2. The Dao Hack (Ethereum)
3. Terra Luna Collapse
We will learn and we will adapt.
Crypto always bounces back.
After hearing some interesting alpha from my friend, I decided to finally look into $NEAR.
While I don't think it's an ETH killer, I do believe it has potential to grab major attention in the next phase of the market.
THE DEGEN'S GUIDE TO NEAR PROTOCOL:
🧵
My Bull Market Strategies:
• Find low caps /w potential
• Take profits into blue chips. (like BTC, ETH, AVAX, LUNA, etc.)
• Hold my blue chips for years while staking & LP'ing them.
• Keep Dollar Cost Averaging each month.
• Keep Learning
What's your strategy?