"It's not things that upset us but our judgments about things" - Epictetus
This might sound cliché already, but it has a deep truth within it. You don't fully choose what happens to you, but you choose what it means to you.
Sometimes, everything hits you at once. Life forces you to pause, reflect, and recalibrate your path. It is in those moments of silence and struggle that you truly realize who is genuinely by your side, and who was only ever there for the 'good times.' Also, it makes you re-evaluate some of your thoughts, habits, certain beliefs...
Life is full of ups and downs. Expansion and contraction. Happiness and sorrow. Human experience is dual. We all fight our own demons. We all experience the same emotions. Understanding this is essential to develop empathy.
And it's not about denying reality. Acknowledgment and acceptance are the first steps. Once you distinguish what is under your control and what is not, you regain your power and things start to align.
But in the end, while perspective doesn't change certain facts of reality, it is one of the most powerful tools we have to navigate through life.
We move forward.
Hoje cedo assisti um vídeo do @IIICapital com uma tese interessante que me fez refletir...
E se $STRC estiver acelerando a tão esperada mudança de comportamento do BTC de risk-on para risk-off?
À medida que o mundo vai se afundando em um cenário cada vez mais complicado com guerra no Oriente Médio, bolha em Private Credit, AI dizimando empregos, e liquidez queda... investidores naturalmente buscam proteção em ativos risk-off.
Historicamente, esses foram Treasuries, cash, money markets, ouro.
Agora pela primeira vez temos uma nova classe de ativo - Digital Credit - que tem volatilidade baixa, e no caso específico da $STRC paga 11,5% a.a. com claras vantagens tributárias.
Se um volume considerável de capital buscar proteção nesse "novo safe haven", isso dá munição absurda para que a Strategy acelere cada vez mais as compras de BTC, formando uma demanda massiva pelo ativo e formando um piso cada vez mais alto.
Desde que a guerra do Irã se agravou, BTC vem segurando preço, o que é surpreendente.
@LukeGromen recentemente Em entrevista no What Bitcoin Did chamou Bitcoin de "Schrodinger's asset", por estar começando a se comportar simultaneamente como risk-on e risk-off.
Minha opinião pessoal:
Ainda é muito cedo para dizer, e por mais que eu saiba que é questão de tempo para que o mundo passe a tratar Bitcoin como o safe-haven que ele é, acredito que o cenário macro em 2026 tende a piorar MUITO... E acredito que BTC ainda vai sofrer.
Além disso, o crash de 126k para os patamares atuais me fez lembrar mais uma vez (na dor) o quanto pode ser arriscado apostar suas fichas no "this time is different".
Históricamente Bitcoin bate topo ~500 dias após o Halving. Em 2025 foi exatamente igual.
Historicamente Bitcoin faz fundo com cerca de 1 ano após início do bear market. Sendo assim, esperaria um fundo em Setembro ou Outubro de 2026. Apostar contra isso pode ser arriscado.
O mais sensato é pensar em termos de probabilidades, uma vez que ninguém tem certeza de nada.
Eu atribuo a esse cenario (i.e. Bitcoin está finalmente se tornando risk-off) uma probabilidade de 10%-20% no máximo... E portanto não faz sentido alocar como se essa probabilidade fosse 100%.
Vou continuar acompanhando cenário macro, liquidez, STRC e geopolítica pra tentar estimar a hora certa de voltar pesado ao better money.
Qual sua opinião? Comenta aqui 👇
@IamZeroIka@milesdeutscher Whats with the cryptic comment? Im the one u feel bad about. Must pay subscription to decyphr It? Ur both the same, just different marketing strat
Crypto is evolving fast and if you're still tracking crypto like it's 2022, you're doing it wrong.
Knowing what to track = knowing where to profit.
@a16zcrypto shared 5 key metrics that will define 2025.
Here is what smart money is watching ↓
#1: Monthly Mobile Wallet Users
35M+ mobile wallet users and counting.
Crypto adoption starts with better UX, and wallets are the gateway.
More wallets = more active users = next wave of adoption.
Wallet adoption is hitting new highs, with @CoinbaseWallet, @MetaMask, @Phantom & @worldcoin leading the charge.
Millions of “passive” crypto holders could become active if mobile wallets improve.
This is where you can watch this play out https://t.co/e0AGG5nRZP
#2: Adjusted Stablecoin Transaction Volume
We saw stablecoins go from "just for traders" to crypto’s biggest real-world use case, powering global payments, remittances, and everyday transactions.
But let’s get real, how much of this is organic, and how much are bots?
@Visa built a framework to track real adoption (filtering out bot activity).
See it in action here: https://t.co/CBDVB0qdbe
If stablecoin usage keeps accelerating in 2025, on-chain volume is set to hit new highs.
#3: ETP net flows (Bitcoin & Ethereum)
Crypto ETFs changed the game, this is where big money is moving.
With institutional demand ramping up, data from @Dune indicates Bitcoin ETPs pulling in 515K BTC ($110B) and Ethereum ETPs reaching 611K ETH ($13B).
The floodgates are open, now the question is how much and how fast?
It will be interesting to watch every move. Dive into the data:
• for Bitcoin ETF: https://t.co/NHmLPsxvwl
• for Ethereum ETF: https://t.co/Jj91xYMlTb
(Kudos to @hildobby_)
DEX to CEX spot trade volume
I remember when everyone dismissed DEXs as a niche. Now, they’re eating into CEX market share and CEX dominance does not look safe.
DEXs now handle ~11% of all spot trading. Data from @TheBlock__ shows Solana & Base volumes exploding – one ATH after another.
Follow the data here: https://t.co/8Kmurh3SSn
Onchain trading is getting faster, cheaper, and more liquid, if this trend holds, CEXs might not be the default for much longer.
Total transaction fees (Demand for Blockspace)
Fees don’t lie.
Everyone doubted Solana after ‘22 and people wrote it off completely. But now the data from @Dune tells a different story; real users, real demand, real transactions.
For the first time, Solana outpaced Ethereum in total fees (Nov ‘24). Let that sink in!
If this trend holds, the entire L1 landscape is in for a shake-up.
See how other chains compare here: https://t.co/23mgWmE5aK
You can also track this data on @tokenterminal and @artemis.
Final thoughts:
The metrics above are not just numbers. The biggest opportunities don't come from hype, they show up in data first.
Being early isn't just luck, it is also knowing where to look. What looked obvious in hindsight was only clear to the ones tracking the right signals.
DYOR = being ahead of the curve.
Estamos vendo a morte das redes sociais como conhecemos.
AIs irão tomar controle, irá nascer um movimento revés, e as plataformas irão ter que se adaptar, mas não consigo ver um cenário onde isso para.