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[rektdiomedes @rektdiomedes]

The 6 Biggest Mistakes I See Dudes Make In Crypto

...

1. Bad opsec generally (clicking bad links, signing transactions when tired or distracted, searching for defi protocols on google, etc)

2. Keeping all funds on one single wallet or one single device (similar to above but slightly different, as you can have great opsec but still lose it all instantly if you don't have your funds distributed)

3. Over-reliance on perps to express directionality (we saw this on 10/10 when tons of alts flash-crashed down 80%)

4. Being overly idealistic (is becoming a 'true believer' for one single community and acting more like a cult member than an investor, general bag-holding, etc)

5. Being overly cynical (the opposite of the above - where you are constantly finding reasons to be bearish and reasons to fade new stuff that pops up, and therefore miss out on all potential gains due to cynicism)

6. 'Myth-Making' (ie you get so obsessed with an investment thesis and are so incapable of admitting that you were wrong about it that you end up constructing an entire complex worldview purely to support said thesis, when in reality you'd be better off just admitting you were wrong and moving on with different investments)

...

I have made nearly all of these mistakes myself at various times...

Lots of other potential mishaps as well but these are the ones I notice the most after my years in the space :)

[David Brickell @davidbrickell80]

I’ve made so many mistakes in my life

Be it in investing, in business, in my relationships

…and for a while, would carry around the regret and guilt of those decisions

“If only this, if only that”

I’ve found it really helpful to develop the infinite mindset

This is just a continuous race with no end line

There’s no winners or losers in this life

Just times we’re ahead, times we’re behind

It’s an iterative process and each failure, each mistake is feedback to allow us to make the next best decision, the next best move, the next best trade

Learning to forgive myself for the mistakes and truly let them go, keeping only the lessons learned has been such an impactful habit to develop

It frees up so much mind space and creative energy

We only have have this moment of now and we can only make the best decisions we can make with the knowledge we have now to create a better today and a better tomorrow

So forgive yourself for the mistakes, learn the lessons and make the next best play to make tomorrow a better day than today

[jords @jords]

On retirement

I have been doing a fair amount of research on the specific subject of how much one needs to retire for personal reasons and given the increasingly deranged takes on CT I thought it would be helpful to share what I’ve learned.

Firstly, one should not consider ‘retirement’ as a permanent state that means no more money is earned for the remainder of a lifetime. Having liquid capital means you are able to make your money work for you, therefore increasing capital over time. The second comment I will make on this is retirement should not be considered ‘ceasing any and all work’, you should focus on ‘removing the need to work’ as your baseline for this planning.

Whatever your required number is will depend very much on your lifestyle and costs. Obviously a major factor here is where you live, how high the costs are and what if there is a favourable tax situation.

The traditional wisdom here comes from the Trinity Study in the late 90’s and focusses on a ‘safe withdrawal rate’ depending on your exposure, this is backtested for 75+ years of stocks / bonds. The concept is you have all your liquid capital allocated in the stock/bond market, then select an annual withdrawal rate with which you pay yourself a salary, you can choose whether to pay yourself monthly/quarterly etc.

The ‘safe withdrawal’ rate that is recommended and many people choose for themselves is 4%, meaning if you have a portfolio of $1m, you can safely pay yourself $40k / year and you are very unlikely to run out of funds over a 30 year timeframe, the median case is you actually increase your total portfolio by >2x after 30 years even with paying yourself.

This research is from the late 90’s but is still true today, although now the recommendation is to be a little more flexible if possible. If you can withdraw a little less in down years and pay yourself a bit more in up years, those changes make a very big difference and make the 4% withdrawal number almost guaranteed sustainable (over 30 years) based on historical backtesting.

30 years is a number that may be scary for those who need to plan for longer periods, but even with worst case scenario 4% is still a very sustainable number for longer timeframes, and even more so if you drop the number to 3-3.5%. It’s also important to remember you haven’t lost your ability to work, you’ve just removed the need to work. Perhaps the best option for many is to continue working in some capacity, but allowing the withdrawals to create a better life with more flexibility or control over one’s time.

So how much is enough to retire? It completely depends on how much you need, but generally you should base it on 3-4% of your liquid net worth, withdrawn annually and invested conservatively. You can begin this process by considering what number you need to live annually, then working towards that savings goal, or you can base it on your current net worth and try to understand if you can live well on 4% of it annually. Remember that depending on your tax situation, this ‘income’ will be taxed as capital gains in most cases, so your net pay will be 3-4% minus taxes.

Now I know in crypto many believe in the debasement of the dollar and the world imploding for the sake of our bags, but the data for these outcomes is based on a period where costs / inflation went up 1900%. Even if you believe inflation is due to continue at a higher rate than it has ever before over a sustained period of time; using that to conclude all assets outside of crypto will be outpaced by inflation is unserious and you can keep stacking your sats.

In Southern Europe you can live in a beautiful apartment by the sea and eat out multiple times a week with $50k/year, in NYC you can’t afford to live. The same is true in many places in the world, so that becomes a big part of your decision. There are many happiness studies that consistently find the happiest people are not those with the most amount of time or money, but those that can freely choose how to spend their time.

So what does a good life look like to you? To me it is a place by the sea with plenty of sun, the freedom to spend my days how I wish to, and being surrounded by genuine people that I love and with whom I can be my authentic self.

[Innerdevcrypto @Innerdevcrypto]

Sense of entitlement & lack of purpose among bitcoiners & crypto-traders/investors
(long post)

A lot of bitcoiners talk so much about changing the world, while at the same time they don´t hold a useful job or contribute in any way to society. Many just hold bitcoin, live of the increase of bitcoin in value, or even consider moving to a ´cheaper´ country where they can then live out the years more comfortably with the bitcoin they have.

They pretentiously talk about ´fiat slaves´, how bad fiat sucks, while in my humble opinion people that do real work in the fiat system contributing to society contribute way more value to humanity than some bitcoiners or crypto-traders sitting on their ass doing nothing, trading a bit, or wanting to get rich and spend a lot of money.

Personally, something deep inside me felt i had to compensate for this ´lack of purpose´ having made good money with crypto. It is the reason i answer dm´s 1 or 2 hours a day, receive messed up people for free, and am kind of a free crypto-psychologist, teach meditation, give away free food, write articles, and try to contribute wherever i can. Now i am not saying because of that i am ´better´ than others, or that i adhere to some kind of better morality, not at all. I do think that the general lack of feeling that one has to contribute to society as a bitcoiner/crypto-trader & investors, is something sorely lacking in our crypto-community

Bitcoin will eventually be the global currency, its price will stabilize, and it will be much harder to earn gains on it, same as one does not earn gains now just holding the dollar. That is the purpose, that bitcoin become the stable world currency. And yes, people also speculate with dollars an live of that, but the idea with bitcoin was that we are trying to build something better than the current system right?
Wasn´t the idea that bitcoin is supposed to usher in a better world? An entire young generation thinks that it is normal now to get rich with memes, or be an influencer, but this is very destructive for society long term. A society cannot function when everyone just expects to get rich without doing anything serious or contributing. A better world can never happen if most of us sit on our ass doing nothing thinking we can retire and just live the ´chill´ life once we get rich thanks to crypto.

I know this is not a popular thing to mention in our community, but try to contribute something useful to your fellow man if you can

Anyway...food for thought

Gn

[poptardio @008Nate]

Popcat currently at $1.412 pulling nearly the same on-chain volume as Bonk and Wif. It’s way undervalued imo and what has been considered negative publicity and other coins getting front ran on exchanges makes me further believe how this is a top 5 cycle coin. It aint an easy game. Ppl lose patience rotate etc.

On-chain volume is a great metric to weigh out organic demand and algos that bootstrap.

The other metric im liking is the millionaire holder count continues to increase daily(market makers-> whales -> exchanges move things all before the real mania). All natural

Meanwhile popcat has had a considerable amount of FUD this past 2 weeks which is good for the current holder base and opportunities for strong believers and market makers to accumulate more

Popcat mid 2025 many Billions

Relative strength is there and the base is set.

Seeing whats transpired on-chain this past week in the orderbooks and perps is something truly amazing to speculate.

Doge of cats on the best blockchain. Sol Beta 📈

Popcat to blow minds going into 2025. All you have to do is simply hold and or scalp on Perps. I am sure a few of you understand what im saying cuz it aint shit

[alex @kirbxbt]

whats up with your net worth ath acting as a real resistance

[Istra of Glome @byistra]

C.S. Lewis with one of the most insightful paragraph ever written

[alec @alecTrading]

All previous cycles, my one mistake was not being UBER bullish. I let a lot of profits slip away by closing positions and TP'ing too early. I was playing safe.

I made a lot of money, but I could have tripled or 5x'd it if I didn't use my brain.

This cycle, my one mistake was being UBER bullish and holding / sticking to bias too long.

I tried to implement my cycle lessons and not repeat them, but it came to bite me since cycle dynamics have changed.

It is important to be somewhere in between those two areas - it's never been so clear Bitcoin / ETH / SOL will trade infinitely higher, you just have to keep those as core positions and rotate profits into them.

We shall embrace the mistakes and continue forward.

[K @abndnceofwealth]

@wantonwallet They should re categorize it so that you can multi-buy all air signs, earth signs, fire signs, and water signs

[Rob Lipsett @RobLipsett]

I love this Joe Rogan quote. It’s perfect.

[K @abndnceofwealth]

@punk1685 Done

[K @abndnceofwealth]

@GRock_28 Not sure if this is still open but submitted

[K @abndnceofwealth]

@ecomlegend EU

[K @abndnceofwealth]

@notxavierj Is it too late to get in?

[K @abndnceofwealth]

@minchoi MI’m

[K @abndnceofwealth]

Waiting for your investments to moon.. Man that’s a terra-ble investment 🤷‍♂️

[K @abndnceofwealth]

@30_Doradus @iksvitzer @xbecuk @JRNYcrypto holding y’all accountable lol