jokes aside, going to sign off on this note before going to bed:
im one of the bigger crypto believers i know, and these past six months have tested me like no other bear has, mainly for the fact that i don't see any easy way out/reason it'd turn around quickly
people are leaving who wont come back right away, capital continues to choose better opportunities with more certainty, dat overhangs will cast a long shadow
and thats coming from a position of strength, spot/cash - those who believed on leverage or picked the wrong coins are going through worse trials
its going to get worse before it gets better
but it will get better, it always does, theres a finite supply of btc in an infinite money printing world, and some day in the next year after leaving and not paying attn those people will realize btc is 80k again, and if it can survive saylor it can survive anything
And that is most people. Hence a massive drop in daily user count. Only the minority will stick around and try to figure a strat out.
@NathanWorsley_ Your addressable market ain't the ones who have a strategy. That is just the minority.
/3
The reason why perps always pull people back into the game despite losses because they win from time to time. That does not happen with Euphoria.
Like you risk $10 x 5 to win like $2? Only to lose -$10 for missing the next one?
Anyone without a strat would tilt.
/2
I've spent a lot of time in the "valley of disappointment"
It's the most dangerous part of your trading career because it feels like you are making zero progress. All you wanna do is give up
But when the results start coming and everything starts to click
There is no better feeling in the world
@NathanWorsley_ Can you launch more servers around the globe please? Some of us are seeing errors like your connection is too weak to our servers in Japan.
I was a quant at a HFT firm for 5 years. The things I've seen would make retail traders never want to trade again. The amount of information asymmetry between institutional and retail is not something most people can even comprehend
1/ Welcome to the Circle $USDC files.
$420M+ in alleged compliance failures since 2022, including fifteen cases of the US-regulated stablecoin issuer taking minimal action against illicit funds.
Best trading advice I can give you is to stop getting caught up in daily and weekly results
Focus on monthly, quarterly, and yearly returns instead
You are playing a long-term game with long-term goals
The result of a single trade doesn't matter
The result of 1000 trades does
Small wins add up
Impatient traders always wanna 10x their stack in a few trades
Patient traders know this is a quick way to blow up
Focus on repeatable setups and incremental returns
Because those small additions to your account will quickly compound into something bigger