Michael

[Michael @michaelair84]

I am here on X for news and insights into crypto and tradfi markets. I try to follow high quality accounts only. Let’s see where it goes… 🚀

[Michael @michaelair84]

@Saint_Pump Drop it please

[Michael @michaelair84]

@MMCrypto Don’t think so. Spain is by far the best team and will win

[Michael @michaelair84]

@captain_kole Makes lot of sense.
73/74 even aligns with golden pocket from 82 retracement

[Michael @michaelair84]

@arkham IPO, right?

[Michael @michaelair84]

@hicasamadim 72

[Michael @michaelair84]

@EvgenyGaevoy How to get back to cypherpunk when huge share of supply is controlled by CEXs, ETFs, Saylor & Co?

[Michael @michaelair84]

@FurkanCCTV Informativ, aber mit AI geschrieben oder? Ist relativ trocken, länglich und pathetisch geschrieben. Könntest du selbst wahrscheinlich prägnanter formulieren.

[Michael @michaelair84]

Step 1 ✅ Step 2 ✅

[Michael @michaelair84]

You heard it here first...
Step 1: 126k
Step 2: 90k
Step 3: tbd

[Michael @michaelair84]

@donalt @jay22dc maybe casusal friday stream on Dec 19 to form a bottom at 65k and then up only?

[Michael @michaelair84]

@donalt Maybe back to real use cases? Tokenization, on-chain 24/7 trading for tradfi, fully automated real-time payments for AI...
I thin the narrative has to be similiar gold: hard asset PLUS real-life use-cases

[Michael @michaelair84]

@alc2022 @P_Earns24 How about: within 5 years nobody wants to learn languages anymore cause AI tools just translate on the fly. Tech is already there and just has to be made a bit more user friendly.
At that point the language learning market becomes a niche market for „language enthusiasts“

[Michael @michaelair84]

@donalt @21_lemmings @_WOO_X Looking forward to that 🤩

[Michael @michaelair84]

@cobie @Greeve17 @ColdBloodShill dont tell me this was the final top signal... 😬

[Michael @michaelair84]

Was this the final top signal... 🤪

[Brian Armstrong @brian_armstrong]

The rumors are true, we bought the NFT. @UpOnlyTV is coming back.

[jack @jack]

https://t.co/cz3yYon3SE

[DonAlt @DonAlt]

@WhalePanda Eh, always had price action like this
You just generally seem fed up, which is fair enough

[Michael @michaelair84]

@MMCrypto But weekly range held... what do you think about that?

[Cobie @cobie]

When ppl claim this I always wonder how they think it happens, or have unrealistic expectations on how much $1bn actually is.

I joined crypto with $200. If I held my initial bitcoin since then and never traded, I would have ~$300k.

If, instead, from that moment I sold the top and bought the bottom of every crypto cycle on Bitcoin, and never paid any taxes, I would have ~$6m USD.

If I put my entire net worth into the Ethereum ICO and never touched it, today I would have ~$150m pre-tax.

While it was definitely possible to have made >$1bn with the opportunities in the market, these versions of reality would also require me to make no mistakes, and have no need to spend $ in real life, or take excessive risk via leverage.

In reality, I grew up in a working class family. I didn’t have a trust fund and I had to pay off my student loan myself. I had a job at Tescos while at high school. After university, I needed to pay rent and fund cost of living and eventually buy a place to live.

I worked at startups for relatively little $ salary, and while a couple have done okay, they still are illiquid and worth nothing until some exit.

Perhaps if I erase a couple of dumb mistakes and drawdowns, or if I had a lil more grind, then my answer would be different today. But it is easy to say this with perfect hindsight vision. It’s easy to see where you could have optimised better, and decisions you made look dumb when the past makes things so obvious.

The truth is I have always optimised for enjoying my life and not going to 0. I never felt like I had a safety net, so it was never possible for me to do anything in any other way. I would probably have less money if I had tried to add more risk or chased $ harder, because being all-in with your entire livelihood is a mental battle and I feel I only win that battle when the stakes are lower.

In writing this, maybe I do understand why CT folks believe this, because modern CT sees crypto as a late-stage lottery ticket farm, where the optimal strategy is to 5x leverage up your portfolio in a hope of catching a good 20% move and then leaving. Or, literally going all-in on the next coin they heard Ansem is buying. So perhaps to them, looking back at the charts, of course that’s what successful folks did.

In reality, I use leverage close to never (and typically to reduce risk rather than add risk — have used it to add risk maybe 3 times in the last 5 years, and maybe 15 times ever). I never go all-in on anything, have only ever done that on BTC and ETH before in the last decade. When I buy other things, I limit risk to tiny amounts, because I treat it as a 0 until proven otherwise (so, always <1% liquid portfolio). Liquid portfolio is also a smaller % of overall portfolio to future-proof against my own fuckups.

Obviously I made a lot of money, I have been here 12 years! CT doesn’t want to hear about “getting rich in a decade” though. I am happy with where I am and have never really cared or optimised for maximising $ earnings, but instead having a nice life that lets me enjoy the game we play together.

[ً @trading_axe]

I remember Q4 2020 feeling pretty similar to what it feels now.

I'm not even going to open up the BTC chart and pinpoint the exact price, but I think BTC was at 12K~ [far below last cycle ATH] and equities were outperforming.

Feels similar because I vividly remember coping and trolling with my friends at the time:

"Look at us, retarded little internet coin holders."

GME was going parabolic, SPACs were doing decent, random pharma companies were x1000ing with FDA approvals, there were a million opportunities in traditional finance.

But crypto?

There was barely any hope.

It felt dead.

This was already post-recovery of the COVID nuke,

Everyone was wondering - how much juice is there really left?

People who you probably don't even know of anymore sold and started shorting.

Then the mother of all outperformances took place.

None of this price action can psyop me.

~ Dr. Axius.

[Michael @michaelair84]

@BrutalBtc LTC