ELON MUSK: “FOR THE NEXT FEW YEARS AMERICA IS LIKELY TO WIN THE RACE IN AI. THEN IT WILL BE A FUNCTION OF WHO CONTROLS THE AI CHIP FABRICATION. IF MORE OF THE FACTORIES ARE OWNED BY CHINA THEN CHINA WILL WIN."
"RIGHT NOW ALL THE CHIP FABS ARE IN TAIWAN. 100%."
"IF CHINA INVADES TAIWAN IN THE NEAR TERM THE WORLD WILL BE CUT OFF FROM ADVANCED AI CHIPS."
"I THINK IT'S ESSENTIAL FOR NATIONAL SECURITY THAT WE BEGIN MANUFACTURING OUR OWN CHIPS IN THE US.”
text summary
DegenPing started his Twitter journey in 2020 during the DeFi summer.
He has no traditional finance background, having been a Buddhist monk for seven years after college. Crypto is the only financial market he knows.
He primarily trades spot (mainly Synthetics) and options, specifically naked directional calls and puts, without hedges.
He prefers buying super out-of-the-money options (minimum 20% out) as a way to express his market intention, believing crypto goes higher and lower than expected.
He also experiments with exotic options and has seen significant returns, like a 17:1 payout on an Ergo option.
He places trades through OTC desks on his iPhone from his tea table, and doesn't constantly check prices after placing a trade. He tunes into an 88 Hz frequency for abundance before trading.
He trades altcoin options, including Solana (SOL) and SNX.
Spiritual Journey and Peace:
His seven years as a Buddhist monk involved deep meditation, where he experienced immense love for all beings.
This spiritual background has influenced his trading, emphasizing peace and non-emotional decision-making.
He practices the "don't know mind," which involves letting go of ego and embracing a beginner's mind, surrendering to the present moment, and being open to market movements.
He believes in the universe as energy and that good intentions lead to good results, trading with purpose rather than greed. He remains detached from the trade's results.
He views trading and life playfully, believing the universe rewards playfulness.
He uses angel and numerology in his trading, which he says works out well.
He also finds peace in his hobby of collecting and drinking puer tea, some of which is from the 1960s and costs thousands of dollars for 100g.
Market Outlook and Opinions:
He believes cycles are still present in crypto and anticipates a "biggest blow up" when digital asset treasury companies fail, leading to a new cycle.
He does not think NFTs will return to their previous hype levels, though individual collections may gain attention.
He feels that "perps" (perpetual futures) are a "temptation" for hyper-gambling due to their easy red/green buttons and high leverage, while options are "intention." He shared a story of losing everything on PAXG perps due to a single wick.
His motto for position sizing is to "always bet less as you go down the risk curve," meaning the more out-of-the-money an option is, the less he bets. He prefers round numbers of contracts for easy calculation of profits and losses.
Saylor is operating under the blessing of the USG.
His deranged bullishness trope is part of the plan.
Executing stealth USG sanctioned hyperbitcoinization. Leaving every competitor country in the dust.
Never sell your corn.
Fin.
The stone cold conviction of @run3lord brought me into the @Cbcreepz ecosystem.
Been Up only since. Have no doubt that @dom3xyz and @jo3car will outexecute every NFT project to date.
Arkon ✩
Solo voyager of the cosmos,
Arkon's form remains a cosmic mystery.
Unveiling the secrets of the universe,
Will you discover what's beyond the stars?