SAVE THE DATE: 11th November 2024 🌎
We're launching our first-ever hybrid conference!
Can you guess which city we'll be hosting it in?
• Reply with your guess
• Follow @coingecko
• RT using #GeckoCon2024
30 lucky winners will win exclusive virtual tickets.
Let's go 👇
Here's the (uncomfortable) truth about crypto.
No one on this app has a f*cking clue what happens next.
This includes GCR, Ansem, Capo, Kang, or any of the other 1000 traders flooding your timeline.
The cycle top could be already in, or maybe it's later this year, or in 2025, or even in 2026. Or maybe we aren't even in a cycle.
Bitcoin may go to $100k this year, it may not, or it may go to $40k before it does.
No one knows. And I mean no one. No matter what they claim.
But this doesn't matter.
Your goal as a trader/investor is to interpret market changes, digest new information to the best of your ability, and manage risk accordingly.
Just make sure you follow these 4 principles:
1. Stay vigilant.
Those who are quick to adapt to changing conditions/process new information typically come out ahead.
2. Don't go all in on a single thesis.
This market doesn't owe you anything. Your bias doesn't matter. Always have a plan B if plan A doesn't pan out. And have a plan C for plan B.
3. Be wary of "consensus" trades.
When the whole TL is bullish, that's probably time to take profits. And conversely, when the entire TL is screaming for lower - that's probably the time to buy. Popular sentiment if more often a counter signal, than it is correct.
And MOST importantly:
4. Never put too much weight on a single trader's thesis.
Take the information in, analyse it, acknowledge it - but don't let it solely drive decision making. Otherwise you'll be flip flopping daily. And even if your initial bias was right, your portfolio won't reflect it.
It's good to have a thesis - but find that balance between being too flexible and too ridged.
20 mil is the # where you are capped on happiness from money.
There’s nothing left to ad except extreme excess.
You got extreme freedom, high quality in living anywhere you want, $$ has no control on you.
Why I post this : 20 mil net worth is a business that does about 300-400k a month.
While this isn’t easy to build…it’s a very very very achievable goal.
A young or old man can do this in a matter of years if they focus and sell the business n basically beat the game.
After that point your only purpose can become working on whatever you want for joy. Profitable or not.
The point is if you’re a really ambitious guy your $$ end point ceiling is pretty low as far as happiness goes. It’s in your reach so you should really plan around expecting that to cap out and what you will do next for purpose.
After this point the only thing money can get you is a bigger place to live in, more stuff and upgrades of said stuff. Which is fun but EXTREMELY short lived n takes you back to square one : purpose.
Your bigger house will feel like any other house, your cars will feel like cars, lavish things will feel like any other thing and then your back at the same conundrum of wtf to do with your existence.
Thus….work very hard, but remember that there’s no end happiness point you can “earn” just a point where money has no real control over you.
Really the only thing imo worth blowing money on is vacation or just giving it away to family/friends at that point.
👍
200k User - 200 Years of Measurement! 🤯
Not only did we reach 200k users, but you conducted 200 years of measurements collectively!! Every day you are mapping the size of Paris 🎉
Let's celebrate:
1k Noise Coins to one winner! You have 24h to Like, Repost & Comment this post!