important to remember that the entire bull run since the early 2000s is the largest public to private sector transfer in history which is entirely funded by debt issuance
at some point if debt issuance becomes expensive the govt will seize private assets to pay for its grift
it used to be "once i hit this number i can fuck off forever" but now it's more like "once i hit this number i can afford to grow at a more sustainable pace"
its nicer w/o the constant anxiety of having to make it but also the two way risks of drawdowns are more real
@benjamincowen Ben I gotta tell you something.
From someone who is for 5 years in crypto, you are the best in here, always honest and legit.
Thank you so much!
@ThinkingUSD As someone with experience in crypto, Iโm curious about your view on portfolio allocation.
How much exposure should be in spot vs. leveraged (futures) positions?
Especially during an altseason or a BTC driven bull run, where do you think the balance makes the most sense?
The world is run by stupid and cunning people who are intelligent enough to manipulate the retail, who are far more stupid.
If you can't exploit this stupidity of the masses, you can't make money.
Cruel but true.
Life rule I've learned through experience: If you're ever lending money to friends or family, and you're not 100% confident you'll be paid back, don't lend the money.
Give it as a gift instead (maybe less than the full amount if it's too much) but tell them not to pay you back.
Most people will repay you. Some won't. Either way, your relationshipsโand your relationship with moneyโwill be much more peaceful.