JD

[JD @juandiegopd]

@stats_feed @grok what about Perú?

[JD @juandiegopd]

@bryan_johnson Pretty good I believe, but need to work on my resting hr. Any advice?

[Alex Hormozi @AlexHormozi]

You make 1000+ decisions per day. Making a decision in a 1 min vs 1 hour vs delaying 1 day is the difference between rapid growth and stagnation.

2 hacks for going faster:
1) No more new info?-->Decide now.
2) Can I correct it fast?-->Decide now.

Be willing to make mistakes

[branavan.hl (🪄,🧠) @branavann]

Reflections as a Nobody in CT:

During this bull market, we are sure to see some of the greatest wealth transfers in the history of humanity. Personally under the belief the next few months will provide some of the greatest opportunities to generate wealth in my entire lifetime. Doing so will require become a better (lower IQ) trader and shelving away any preconceived notions I’ve had. In this summary I hope to share the lessons I’ve learned (via the long and hard way) in the hopes some of you may learn from my mistakes and avoid them.

1) Attention and Liquidity

- The only things that matter in making money in crypto are attention and liquidity
- If you’re thinking of a coin determine whether there’s enough attention on it at the present moment or if there will be in the future. Countless people find “undervalued” gems but nothing comes of them. They don’t materialize into profits because no one gives a fuck. If no one is talking about your coin you’re either early or wrong and most of the time you’re wrong.
- Liquidity is very simple. If there’s no money in your ecosystem/blockchain/platform how do you expect the price of your token to go up. More money floating around more opportunities for your token to go up.

2) Do Not Marry Your Bag

- Learned this lesson the hard way throughout the last run. No one cares about your token. Many people get tricked into developing their identities around a token because they bought early. It doesn’t matter if you bought early - nothing matters until you take profits. Do not intertwine your personal identity with any token. The purpose of these tokens are to make money - make your money and get out. Be ice cold. Stone cold killer with one goal of making money and not giving a single fuck afterwards.

3) The Virtuous Cycle

- Just because your coin dumped 90% does not mean it won’t dump another 90% (learned this the hard way last cycle). In a similar regard, this virtuous cycle can be of benefit to us in the bull market. Just because your coin doubled doesn’t meant mean it won’t double again. You’ll see many people say “I’ll buy after a dip it’s pumped already.” This is how you get left on the sidelines. The worst part of this bull market is being sidelined and having no exposure. This is a new paradigm. There are no tops until there is a top. How to avoid this? Simply DCA. There is no better strategy for us common folks. Be unemotional. You simply set up automated DCA and forget about it.

4) Remove Your Emotions

- Many people find any amazing asset only to fumble it due to greed/FOMO/fear. These three emotions will lead you to financial ruin if you cannot master them. It’s simple - you just have to be an unemotional stone cold killer.
- Example of Greed: Once xyz hits (insert psychological target) many people will sell. I’m going to front run the selling and rebuy when it dips so I can have more of it. Sure it may work once or twice - but you’ll eventually fail. At the end of it you’ll be sidelines - the worst place of be in this market
- Example of FOMO: This token is going up crazy I’m going to take out all of my money and dump it into it. At this point you’re overexposed and experiencing mental duress - you’re bound to make a mistake. You’ll likely sell too early during a temporary dump because you can’t stand to see how much you’re losing. Once again you’re sidelined and lost money.

5) Sizing is Everything

- Many people want to shout about being the first to buy an asset. They build their identities around it and pat themselves on the back because they’re now a self-proclaimed great trader. But many don’t understand what being early means. During the early stages tokens dump heavily. Not many people believe or buy the token. Many people will ridicule you for believing in such a stupid thing. You’re constantly under a mental barrage. If you’re unemotional, you will survive and win. Most people succumb to the mental pressure of criticism or being up by a lot and sell far too early.
- If you don’t have the mental fortitude to be early, sizing is where you can win. In short sizing is when you’ve bought enough to not care about the token dumping, yet not experiencing FOMO (“I should have bought more”) during the pumps. If you sized the trade appropriately you’ll reach a place of zen. You’re indifferent to pumps and dumps. Once your target comes you’ll simply sell and never look back again. This is where true wins are made. Once I stopped caring is when I started making money.

6) Circle of Competence

- For physicians the most important thing is understanding what you don’t know. This is the crucial difference between those that harm patients and those that don’t. Figure out your circle of competence. Understand your own personality, dispositions, and tendencies. There is nothing worse than a trader that doesn’t truly understand who they are. Once you’ve figured this out capitalizes on your strength and find ways to mitigate your weaknesses.
- During this market I’ve completely shifted my strategy from the last market. I’ve adopted the left-curve mentality. It’s important to come to terms with the fact that many of us aren’t as smart as we think or as great of a trader as we think we are. If we were as good as we thought we’d be rich already. Again “if you’re so smart, why aren’t you rich?”
- For myself I’ve identified my weaknesses and found accounts/traders that have helped me to overcome these. In short, if I had to recommend the four that really helped my profitability @HsakaTrades , @Web3Quant , @blknoiz06 and @blockgraze - there’s countless others but these are the three of the top of my head.

7) Curiosity

- Crypto is a space for those curious to explore and try new things. We’re at the frontier of an emerging technology. Many people don’t believe or don’t care to put in the work to understand. But for those curious enough continue to explore and try out new things. Not with the expectation of a reward but because you want to learn. The single factor that’s helped me qualify for airdrops is being curious and trying random things for the sake of it. Again if you’re expecting a reward you’ll be disappointed. Be curious for curiosity’s sake. There’s a term @tervoooo uses - “maximize your luck surface area”

8) Conclusion

- This is probably one of the best items to be in crypto. The memes and energy are unreal. If you’re not having fun and enjoying you’re doing this wrong. Log in, shit post, find a community, buy random tokens, log off and do it all over again.

TLDR: Simply be more silly and you’ll do better.

[cygaar @0xCygaar]

A simple explanation of why your Solana transactions are failing:

- Lots of network activity - memecoin trading, defi, arbitrage bots, Ore mining(?) - everyone is trying to submit txns

- Solana nodes are overwhelmed and can't process every tx that gets submitted - txs are dropped. Only a fraction of txs are making it through.

- In order to maximize the chance that a tx gets processed, bots start spamming txs to the network.

- This ends up hurting real users who can't spam at the same rate. It's now less likely that their txs get processed.

Thanks to @0xBreadguy for the visuals of this situation.

It's important to note that this is different from a typical failed transaction. Failed txs usually mean the txs were processed by a validator and didn't succeed due to the state of the chain.

The failures you're seeing now are at the network layer (QUIC is pretty new tech), which needs to be improved. Thanks @mert for explaining much of this to me.

PS: this chart of failed Solana transactions is unrelated to the dropped tx issue above. These are mostly caused by arbitrage bots (that don't care about state failures) spamming the chain. Most users are failing before they even get to this point lol.

[CV @CryptoSrm]

You know the best thing about being 100% allocated to $WIF? I don't have to watch this basket closely at all. I could go away for months and come back to a sweet 10-20x without stressing about it.

My portfolio did a mere 5-10x in 8 months ( $PENDLE, $GUAC , $TIA, $DYM , $SOL, $BONK) due to certain laggards and once I cut them out and rotated them all to $WIF, my portfolio did a 20x in less than 2 months. I was also tired of tracking 5-6 different coins. I wanted to be in one winner that will help me achieve generational wealth.

So moral of the story - Opportunity cost, my friend, opportunity cost. This is what leads to the difference between making $1M vs $10M. So, do you want to be happy with $1M or do you want to make $10M? The answer is obvious.