Level 4 (1M–10M) really is the no-man's-land of wealth.
For example, going from $100k to $300k can change your life. You can quit a job, move somewhere else, or take a chance on something of your own.
Going from $5M to $5.2M? You're richer, but you don't notice the increase anymore in the same way. This is where the diminishing returns start to show.
Back in 2021, when I went from $500k to $1m, I felt like on top of the world. It was a big change for me. A little backstory: in Feb 2021, I quit my 9-5 job with $500k NW, and it felt like a huge achievement. I knew it wasn’t enough to live off forever, but it was enough to dare to bet on myself.
During the years after 21’ there have been periods where my NW has increased a lot, and periods where it went a bit down or barely went up at all.
So I can very much relate to what Nick says: at some point, you could “work” twice as hard and barely notice the difference in your life. Your portfolio grows. But the extra money buys you less, while the time it costs you stays the same.
This is where I think a lot of people in crypto get stuck. You know how to make money. But unless you increase the risk, your NW will only go up linearly.
Because you might have to risk money you no longer want to lose. So you end up in the middle, the 7-figure hell (no man's land).
Imagine spending another year glued to crypto to make an extra $200k on a $5M portfolio (4% increase).
Don’t misunderstand me, that’s a lot of money, but many people don’t want to risk the big gains they’ve already earned, and since they don’t, their NW will barely move, and they’re forever trapped in the 7-fig hell.
The Nvidia mess is going to make the Anthropic trade even more violent into the IPO. The market is already spooked.
A couple of days left in the $50k Polymarket Perps competition. Right now this is the cheapest place to trade $ANT anywhere. Lowest fees on the platform and a 3x leaderboard boost on Anthropic.
If I were trying to get on the board with limited time left, I’d put size on $ANT and trade the volatility. IMO, a short, but gonna swing heavily.
https://t.co/egjCwjBUOu
NFA & DYOR.
The Jensen Huang headlines have triggered heavy selling, but I think the market might be overreacting. RSI has dropped to ~24, putting NVDA deeply oversold. I see potential for a relief rally.
Opened an 8x long on 18 NVDA contracts at $158.82, with no liquidation line on @clickoptions_ai.
The plan is to sell above $170.
Nvidia remains a leading supplier of AI infrastructure, and IMO the current selloff is partly about confidence in management rather than proof that demand for Nvidia's technology has disappeared.
Funny how the people closest to you usually care the least about your portfolio. My family doesn't really ask how crypto is going.
On CT, everything is PnL. Then you go home, maybe meet your friends, and nobody cares, and that's actually kind of nice, ngl. I think everyone in this space needs a few people like that.
When you're in a normal job, all you want to do is get home, relax, and meet friends. You dream about beach vacations and all the stuff you can't do.
Simply because you are trapped in a cubicle from 9-5 every weekday, typically 48 out of 52 weeks every single year. If you're being honest with yourself, this is not your dream job, because if it were, you wouldn't dream of binge-watching Netflix on your comfy sofa instead.
The thing is, when you're on your own, you stop dreaming about these holidays, because you know that you can go whenever you want, and this automatically leads to you having no need for them anymore.
The beach holiday was simply a metaphor for an escape. But now you don't need to escape. You are free.
Also, at least for me, I seldom feel the need to watch Netflix, because I would rather spend my time on something work-related; it could be screening for new trades, writing on the newsletter, reading stuff other people have written, or testing a new DeFi strategy.
The passion is so intense, and this is what I want to do. Watching a TV show steals time from work, which I think is even more fun.
When I try to explain this to friends, they always think I am a sick weirdo. Well, this is something I wish everyone would experience in their life.
A real dedication to something. And it could be anything. So if you have a dream, just follow it. If you fail, you can, 99% of the time, go back to the life you had.
bitcoin:native touched $67k this morning, and spot BTC ETFs are now net negative on flows for the year. The thing that was supposed to be the forever bid is selling in 2026.
BTC is also about to close six red weekly candles in a row. Rough days for real, it’s only like a week since we were at $80,000.
Epoch 4 points are out for @TxFlow_L1. 1.25M points went to 6k accounts. That's still a really small crowd for a points program IMO.
They're also putting $100K in fee credits into a pool every day for 10 days for perp traders.
From August to October, stock perp volume nearly doubled, index volume grew almost 5x. They just listed $TTWO up to 25x the week before GTA 6 drops lol.
The protocol vault is paying 20%+ variable APR on USDC with no fees, and TVL is up like 100% since launch.
Still farming it, and I still think it's early.
My ref link if you want 5% off fees and a points boost: https://t.co/HDoXVethlP
Referral code: TXROUTE2FI
Jensen is out as Nvidia CEO. He ran the company for over 30 years, and it ends over affairs, one of them reportedly with a suspected Chinese spy. Didn't have that on my 2026 bingo card tbh.
And earnings are next week lol...
For a lot of people, $NVDA basically was the AI trade. I'm curious about what's next. Feels like a good long on open.
Anthropic IPO is supposedly next week and tbh I'm thinking about shorting it.
I'ts not like I don't like the company, I think they build some of the best AI stuff out there. I'm short the price people are going to pay on day one, remember $SPCX?
IPO expectations already came down from $2T to more like $1.5T, and the pre-IPO perp has been dropping.
Will we see the AI bubble pop? Idk, but Bank of England is warning about this, and Citi just downgraded US tech. Maybe some bleeding in the first weeks.
Not financial advice ofc, just how I'm thinking about it rn.
As always, DYOR, and follow my profile on @phantom to see trades in real time, and sign up to get 10% off 3 months' trading fees with my code: https://t.co/UZRzdjb0xL