Degens underestimate what they can achieve in a year and overestimate what they can achieve in a month.
Onchain has become so fast-paced that the temptation of quick gains is almost irresistible.
Nearly everyone has fallen victim to short-term thinking, and very few seem to have any foresight these days.
Ideas like “make it all back in one trade,” trenching, and social trading have only exacerbated the problem, turning an already high-risk environment into a full-blown casino.
Another major problem is how KOLs go about onboarding new people.
Quick gains, flashy cars, roses and rainbows, all in a week.
When reality couldn’t be further from the truth.
Most OGs didnt make their first 6 figs until after a full market circle.
Here’s the thing about markets: your ability to filter noise is ultimately what separates those who survive and win from those who don’t.
So instead of complaining, recognize the pitfalls, avoid them, and position yourself differently.
Whilst everyone is distracted by 20k toppers, do real research into solid projects. Take a long term view, manage your risk, and survive long enough to see better times.
Set quarterly milestones instead of daily ones. Keep sharpening the sword.
I’ve been holding base:0xc52aedec3374422d7510e294cfaa90799595cba3 for four months now. Meanwhile, some of you can barely hold a coin for 24hrs.
It’s hard to maintain a long term mindset when quick flips and gambling are everywhere.
But that’s precisely the point.
If everyone is playing the same game, doing what everyone else is doing won’t give you an edge.
Degens underestimate what they can achieve in a year and overestimate what they can achieve in a month.
Onchain has become so fast-paced that the temptation of quick gains is almost irresistible.
Nearly everyone has fallen victim to short-term thinking, and very few seem to have any foresight these days.
Ideas like “make it all back in one trade,” trenching, and social trading have only exacerbated the problem, turning an already high-risk environment into a full-blown casino.
Another major problem is how KOLs go about onboarding new people.
Quick gains, flashy cars, roses and rainbows, all in a week.
When reality couldn’t be further from the truth.
Most OGs didnt make their first 6 figs until after a full market circle.
Here’s the thing about markets: your ability to filter noise is ultimately what separates those who survive and win from those who don’t.
So instead of complaining, recognize the pitfalls, avoid them, and position yourself differently.
Whilst everyone is distracted by 20k toppers, do real research into solid projects. Take a long term view, manage your risk, and survive long enough to see better times.
Set quarterly milestones instead of daily ones. Keep sharpening the sword.
I’ve been holding base:0xc52aedec3374422d7510e294cfaa90799595cba3 for four months now. Meanwhile, some of you can barely hold a coin for 24hrs.
It’s hard to maintain a long term mindset when quick flips and gambling are everywhere.
But that’s precisely the point.
If everyone is playing the same game, doing what everyone else is doing won’t give you an edge.