ede

Reality bytes. Never financial advice. Always do your own research.

[ede @rocket_xy]

@veefriends @garyvee https://t.co/PsHKrQO3sG

[Zeneca🔮 @Zeneca]

I round tripped 8 figures last cycle. A few things I learned:

- It’s almost always better to sell too early and miss out on gains, then to hold too long and round trip the bag. This is because eventually, almost everything trends to zero, so even your “early sell” is likely going to make you look like a genius in a few months/years

- If you ever take a PnL screenshot of how much you’re up, sell. You don’t have to sell your entire position, but it’s usually an excellent time to at least trim 20-50% of it.

- Most people on this app have absolutely no idea what they’re talking about. Often the loudest and most confident voices know the least, while the quiet and self questioning ones are full of wisdom.

- You can’t borrow conviction. If you buy something because someone else did or told you it was “a hidden gem”, you’re almost guaranteed to fumble the bag. They’ll dump on your head while you’re still anxiously waiting for their next tweet or YouTube video to tell you what to do.

- Stop trying to impress people. This is just good general life advice, but it applies triply so to this space. Wanting to impress your friends and family is one thing, wanted to impress random anons on the internet? Insanity.

- There’s Bitcoin, and then there’s everything else. It took me too long to truly realize this. Yes alts can and will occasionally outperform - sometimes for long stretches of time - but basically everything bleeds to Bitcoin over the long run.

- Most people try to outperform Bitcoin by trading these alts; probably leas than 5% of people can actually accomplish this. It’s like trying to outperform the S&P 500. Most people are better off just buying the index.

- This place has a way of warping your perspective to a level that is literally bordering on mental illness. Many of us refused to sell jpegs of a list of words for $50,000 last cycle because we thought “it’s undervalued”. Many otherwise smart people. You are not immune. Herd mentality is real, it takes *a lot* to swim against the current around here. You should try.

- Extending from that point, try and zoom out and also spend time with non-crypto people. 1 SOL or 0.08 ETH can seem like not significant amounts of money (unit bias is real), but add up how much that is per day or year and think what you could do with that money IRL. Also, most people are thrilled to earn a 10% return on their investments in a YEAR, and rightfully so. That’s a great return, crypto just warps everything.

- Compound interest is mind boggling powerful. You don’t need to find a 100x, you’re usually way better off stringing together a bunch of 2x plays or even compounding at 10-50% a year (do the math, do you have any idea how insane compound interest is at high %s over a bunch of years?)

- Put another way: “Most people overestimate what they can achieve in a year and underestimate what they can achieve in ten years.”

If you found this insightful, all I ask is that you drop a bookmark, share with a friend, and/or subscribe to my newsletter where I share a lot more 🙏

Cheers

[Impostors @PlayImpostors]

It's almost time to sharpen your knives! 🔪🩸

We can't wait to get you shifty-eyed backstabbers into a lobby and hash things out the old-fashioned way…😏

👀 Read full details 👇
https://t.co/6oJOWjt9l6

LFG SusFam 👽🦾🔥

[Laurel Coons 🧬🧬🧬 @LaurelCoons]

Graphic design has rules, and they work … 👀

[ede @rocket_xy]

@elonsdev

[ElonsDev @elonsdev]

umm.. but can your NFT do this? 👀

Get @steveaoki to see 🥁

[ede @rocket_xy]

@TomSmallwood @PlayImpostors #SUSFollowSUS

[Impostors @PlayImpostors]

SUSPICIOUS TRANSMISSION... 🛰️

Did you hear that? //
// It looks like something is glowing //
We should check it out...//

📡 ....TRANSMISSION ENDED

Impostors Legendary 1 of 1's reveal is now LIVE! 🪄 👽

[ede @rocket_xy]

@ledgerstatus What a beautiful dog. And that's a long life for a Great Dane. You must have taken very good care of her.

[ede @rocket_xy]

Love this interactive #0xNeko NFT. No utility, no roadmap. Just fun and creativity for the hell of it. https://t.co/PsHKrR56uG

[ElonsDev @elonsdev]

umm.. @opensea can you like.... put 0xNeko on the homepage and show the world how much we like the cats? 😺

[Danny @DanVerno]

The homie @elonsdev is giving May 2021 energy with his interactive projects. Keep an eye on this one, doing really awesome things in the space while everyone else is trippin

[ede @rocket_xy]

@elonsdev Geez. It's cliche but hindsight really is 20/20.

[kmoney @kmoney]

(mental health rant)

I understand so many of you are down tremendously, especially Luna/UST holders.

Some perspective:

Last year I put 1/3 of my life savings into SafeMoon. (I’m a comedian & historically other than the 1%, we’re usually broke) 🧵

[ede @rocket_xy]

@elonsdev @DanVerno

[ede @rocket_xy]

@elonsdev Curious Cats

[ede @rocket_xy]

@elonsdev

[ede @rocket_xy]

https://t.co/YwY8VlTFMv

[ede @rocket_xy]

Say what you will about @NeoTokyoCode, but those early days before upload with the riddles and UAEC Escape were the most fun I've had in NFTs.

[Alex Becker 🍊🏆🥇 @ZssBecker]

Do you realize how much fun its going to be to build in the bear?

AKA focus on whats a good product, whats fun, what generates revenue, what customers want.

VS focusing on non stop hype and catching the next wave?