Idiots laugh about spot trading
but its a safer chill way to build your stack.
You're allowed to make shitton of mistakes without getting rekt.
All you have to do:
- don't touch leverage
- sell some on green
- buy some on red
- no perfect entries
- sleep good
- live normally
Over 1 million accounts liquidated.
Over $8 billion dollars in liquidations.
Trust the process, I try to keep 75-85% of my capital in spot or stables.
Leverage trading is fun but if your risk is not managed properly you can loss it all.
It’s a marathon not a sprint.
we will see a pivot at some point
where the value prop of #Ethereum shifts
from just "most useful programmable blockchain"
to "most trust-minimized and censorship-resistant access to $ETH "
it will happen when ETH is widely used as an important, programmable reserve asset
Me: Still think #bitcoin heading to $200k this bubble, 4yr cycle.
Anon: Damn it, so I'm too late?
Me: Of course not, that's almost 4x your money!
Anon: Exactly, that's why i bought unknown x-coin.
Me: 🤦
bitboy is making millions of dollars a month talking absolute bollocks about crypto on youtube/tiktok and you are struggling to make 2R a month using a trading strategy you spent 2 years developing.
i firmly believe some top-tier #DeFi could still 10x or more this cycle
why?
- #Ethereum L2 provides tailwind
- new #NFT users stay for DeFi
- $ETH grows as money
- inevitable institutional FOMO
- similar to current valuation of unused or low differentiated value "EthKillers"
this is a lot safer for me than making mostly blind bets on "the next big thing" once a week
there are too many information asymmetries in underdeveloped markets like that for me to be consistently right at that project stage
i'd rather conserve capital for the real deals
ymmv
i am biased in thinking towards the future when it comes to how revolutionary tech & demand for it evolves
that makes me sometimes wrong in the short-term, but often right in medium-to-longterm
i’m ok with that
better than being hyper-cynical about everything world-changing
in the year 2023
the melding of #DeFi & #NFTs in robust in-game economies is going to be insane
and the potential of $ETH as the world’s best decentralized, programmable reserve asset will be further realized
watch this space 👀
on competitive moats & network effect:
if you’re a talented #NFT artist, would you tokenize your work on a chain no one uses?
or would you do it on the chain which created & secures a $69M Beeple- the world’s most valuable NFT, among many others?
#Ethereum $ETH
the participatory nature of #NFTs & their impact on the adoption of #Ethereum will be immense
you're watching the tipping point happen in real time
when real people (i.e., artists & content creators) start to use blockchain for real things which add value for them & their fans
i will always fight for a world where decentralization wins
b/c we already know what a world without it looks like
we can and will do better
#Ethereum#DeFi
I've been wrong many times before. But to me it is obvious the "old guard" will deliver. They will get $BTC to $200k-$300k.
And then they will dump it on the market like you wouldn't believe. I don't care what anyone says. Every Cycle has a story.
Rinse and repeat.
i don't own $ETH because i believe #Ethereum will offer the most "tx's per second"
i own $ETH b/c it is, and will likely remain, the best natively programmable money / reserve asset ever
and b/c other assets built on #Ethereum will be considered the most secure assets anywhere
"Nothing so undermines your financial judgement as the sight of your neighbor getting rich." - Morgan.
Stop chasing or believing what you read, they're signaling and fooling you.
Ride the horses that will get you to the finish. Commit wholeheartedly, but responsibly.