Been trading crypto for 9ish years.
Recorded an episode with @DonAlt covering our biggest flaws, cycle fumbles, lessons, and what we'd tell ourselves about trading if time travel were real.
2:03 the BitMEX era, where we learned everything wrong
23:06 buying the bottom comes with a cost
35:00 volatility-based position sizing
40:28 after 9 years only a handful of trades ever mattered
45:04 DonAlt closes every winner too early
52:55 the thing that makes you money is the thing that loses it
1:04:28 anyone selling "the way" is a grifter
Thanks @krakenpro for facilitating this therapy session
If I was a bad actor I would
1) Have someone launch a coin for me
2) Take it over to "save the community"
3)Airdrop a bunch of the supply to friends & influencers
*That way they'll stay quiet when it goes to shit
4) A bunch more to my unknown side wallets
*Justify it as airdropping to community
5) Look like an angel
6) Cash out on the side holding on main
7) Keep bullposting
Coin goes to zero eventually? I'm still holding you idiots did this, why can't we have nice things
"I'm losing infinite just as you are"
"At least we tried"
All the while I'm laughing my way to the bank
Glad this is just a hypothetical, would be truly evil if anyone did this
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.
Albanese is in New Zealand this evening at a business event explaining the benefits to kiwi entrepreneurs why they should start their business in Australia with our new and fairer CGT rate