@WatcherGuru legal recognition is bullish for adoption and capital flows.
but it also hands the state clearer tools.
Play smart. adapt operationally, not emotionally.
To understand it, just look at this charts: the first fall 40% in five months and up 140% in one months …the second it fell by 90% in four months and then up by 120% in four days. This is the perfect example of how different the risk/reward ratio is between long and short.
When you're short, the move in your favour is usually slow, gruelling and full of counter-bounces. It exposes you to violent squeezes, sudden news and absurd recoveries that erase weeks of decline in just a few days. Moreover, theoretically a short position carries unlimited risk: the price can rise indefinitely while you remain trapped.
When you're long, however, the risk is defined: it ends at zero. But if you enter heavily discounted territory after an 80–90% drop, a single explosive move is enough to completely change your PnL. Rebounds from the lows, when serious volumes kick in, are violent, rapid and often catch everyone by surprise.
For this reason, I prefer to construct my trades primarily as longs: I exploit phases of panic to accumulate judiciously and let time and upward volatility work for me, rather than being slowly ground down by a short that can turn against me at any moment.
Mastering Ethereum: Second Edition is officially out for free on github.
You can read it directly on github or on masteringethereum/./xyz if you prefer that UI.
Enjoy the book and let us know if you like it.
@WatcherGuru Retail still panic selling.
Meanwhile entire countries are scaling into
BlackRock’s ETF.
This is how generational wealth gaps are created.