SushiLaut

All about my crypto journey.

[Arbitrum @arbitrum]

shoutout to anyone using arbitrum

[Coin Bureau @coinbureau]

🚨BREAKING: $18 MILLION in shorts liquidated in the past 1hr as #Bitcoin and #altcoins rebound from the market crash.

[Arbitrum @arbitrum]

Arbitrum is for teams who want to break records 🎖️

[SushiLaut @SushiLaut]

@cobie @DeItaone the savior has arrived. is this the bottom sir?

[SushiLaut @SushiLaut]

@DeItaone bottom is in fellas

[boop @boopthecoin]

innovate
accelerate
boop

[SushiLaut @SushiLaut]

I’m a millennial but I would rather bet on crypto for retirement as well

[WallStreetBets @wallstreetbets]

Forget boring pensions; Gen Z and Alpha would rather bet on crypto for retirement.

https://t.co/IbzqxXomo8

[Airdrop Official 🦇🔊 @its_airdrop]

🪂 This might be the biggest free-to-play airdrop

Currently, the $S airdrop is worth almost $200M

What you have to do:
1. Visit: https://t.co/bShKAdsa8B
2. Claim test tokens
3. Play the games

You will earn points, which will be converted to the tokens at launch

[SushiLaut @SushiLaut]

Same here bought since the start and never sold a damn thing

[Louis @LouisCooper_]

I've been holding $boop since March and am refusing to sell until we reach a billy.

- 1 year cult which has seen multiple 95% corrections
- Multi-month accumulation period below 5m MC
- Recognized by Arbitrum founders
- 8k + holders

My $1k will be worth $5m, god willing.

[The Crypto Dog 📈 @TheCryptoDog]

Altcoin lifehack

Bid 1min SMA 90 with 0.6% stop
Sell pump
Repeat

[tunez @cryptunez]

20 things i wish i knew when i first started in crypto 7 years ago:

1. influencers are NOT smarter than you

people follow each other for many different reasons including being clever, funny, entertaining and sometimes for being good at trading...but i can tell you from experience having been in many group chats over the years with so many different people...nobody is smarter than your average person on crypto twitter who doesn't have a large follower account. having a large follower count tends to be a signal that someone is interesting, entertaining, smart (or just good at getting followers) but it really does not correlate to someone that is going to help you make money

2. time is a flat circle/cycles are real

every single cycle generally goes the same where where:

- bitcoin goes up, making people believe in crypto
- people make degenerate bets on crypto and altcoins go up
- bitcoin goes down, making altcoins go down
- people who made those degenerate bets lose money and stop believing in crypto

(and then it repeats)

its just important to know that bitcoin will always bottom, and altcoins will always top

3. being early is the same thing as being wrong

within the cycle, there are periods of time where you can make enormous amounts of money. it's important that you recognize that certain windows will exist for different things to happen. will that random legacy defi coin pull a 2-3x over the course of a month at some point? yes, probably

is that going to happen this month? maybe, maybe not

but if you miss out on every other opportunity in the market while just waiting for your one micro-thesis to play out, you run the risk of missing out on the abundance of opportunity that this market will present to chase a play that might not even happen

4. narratives drive everything

reflexivity is real, meaning that the more a coin goes up, the more the story that coin is trying to tell seems real. it's difficult for many different narratives to capture the attention of crypto twitter at the same time. right now, the largest narrative on crypto twitter is meme coins.
In my opinion it's foolish to try to just endlessly fade this narrative while chasing your niche alternative plays and verticals before they even starting happening.

keep an eye on those sectors that you think are going to do well, and wait for the narrative to *actually happen* before chase them.

5. most of your gains will come from one trade

this is a tough one to explain without saying "go all in on one trade"

to be clear, that's not what i'm trying to say.

an all-in mindset as your default strategy is a recipe for ruin and will not work. BUT, most traders who make it big can remember that 1 big trade that really changed their life.

if you are lucky enough to make a serious bag, it likely comes from one trade. don't try to chase it, but it's important to be aware of this dynamic so that you don't fade it when it starts happening.

6. money is easier to make than it is to keep

out of every 100 people who make a million dollars in crypto, i would bet that only 1/100 of them end up actually keeping the money.

you make $100,000 and start thinking about how cool it would be to have $200,000. you make $200,000 and start thinking about how cool it would be to have $500,000.

here's a tip: you never stop chasing more money until all of it's gone

7. the wall street cheat sheet is real
if there's one thing that is actually the cheat code to markets, its the wall street cheat sheet right here. it's a very accurate look inside the mind of you, every trader and the market as a whole. recognize when you feel these emotions inside you and you can start to identify when the market may be approaching a top/bottom

8. top/bottom signals are real

top/bottom signals are very difficult to identify, but i don't think it's impossible.

my best mental guide for how to identify market tops/bottoms is simple:

the market tops when there is nobody left to buy and the market bottoms when there is nobody left to sell

an example of a top signal: the person who has swore that they would NEVER buy solana suddenly starts buying

an example of a bottom signal: the person who was a NFT maximalist for the past 4 years declares them dead and sells everything

In both of these cases, you're identifying the LAST person that would possibly buy/sell in this market and thus is a pretty good signal that a market has probably topped/bottomed

(of course this isn't bulletproof, but it's the best model i have and has worked pretty well)

9. don't give irl friends/family advice

for the love of god do NOT be the one telling your friends and family which coins to buy.

the problem here is that if they make money, they will attribute those gains to their own intelligence/wit. but if they lose money, they will just blame you

there is also a dynamic here where the average person is just always going to buy the top and sell the bottom. your friends/family members will be reaching out to you when bitcoin is at the very top asking you which coins to buy.

it doesn't matter what coin you give them because their timing is wrong.

just make a bag for yourself and spend it on them if you really care that much about spreading the wealth.

10. information warfare

all of the social dynamics built around crypto (crypto twitter, group chats, etc.) really tend to boil down to just pvp psyop guerilla warfare.

yes there is alpha out there, but no you should never blindly follow someone else into a trade

think for yourself, it is your money at stake after all

11. everybody is an angel and almost everything is an angel business model

most of the people who are going out of their way to provide value to you, in most cases are actually just trying to monetize your attention in one way or another

this is especially apparent where every person in crypto with a podcast suddenly has 50-100 angel investments

their value prop as an angel is their ability to distribute information to you

this isn't to say that all podcasts are bad, but in >50% of cases this was the intention of starting that podcast in the first place

12. never trust angels

there exists this weird social dynamic where there is an "trader influencer" class and then the "builder adjacent angel" class. these are two very different groups of people who effectively serve the same purpose: shilling their bags to you

your average trader influencer will just post a chart for one of their investments saying that the chart looks good and that the narrative is hot

your average builder adjacent angel will literally write like 10 paragraphs about how some new data availability layer is the second coming of christ and will change the industry for decades

these are effectively the same thing and quite frankly i don't know which one is worse

point being, make decisions for yourself and try to ignore shills

13. most of the people here are pretty cool if you meet them in person

for as ruthless as the average participant in this market is, almost everyone actually is really cool if you meet them in person.

it's kinda insane the amount of times that i have built up these crazy ideas about who somebody is based on a few of their tweets i didn't like, only to meet them a year later and realize how cool they are and how dumb i was for thinking i actually knew anything about that person at all

you have much more in common with someone inside this industry than outside of it. embrace that and stop taking peoples random tweets so seriously.

14. don't do this alone

i highly recommend finding a group of people that you can trade alongside and learn from.

find coins together, share your thesis on what you think is happening/what will happen next in the market

it will not only make the experience easier, but a lot more fun

if you don't have anyone to trade with, literally just send people cold DMs asking for advice and they likely will respond

15. leverage is a trap

stay away from leverage. you will lose everything. altcoins regularly go -50% in a period of 2-3 days only to then recover and double a week later. if you use leverage, you will get wiped out.

don't put yourself in a position where you can get knocked out.

16. yield is not free

GCR has a pretty good tweet about this but essentially it's the idea that the market is extremely efficient, and the amount of yield that exists out there is really just a reflection of the risk you are taking on to chase it.

if something has 500% yield, it's because it's sketchy. that doesn't mean there isn’t opportunity and money to be made, but you have to acknowledge the risk you are taking on.

17. fundamentals matter

i know that memecoins are very popular right now, and as an extension of that financial nihilism

but it's just very important to remember that fundamentals do matter, they always have and they always will

there are moments of time where they matter less and more, but it's important to remember that this market is driven by fundamentals (bitcoin, solana, etc.) and everything else is an extension of that

a good quote on this:

in the short term, the market is a voting machine but in the long term, the market is a weighing machine.

18. bitcoin is king

everything in this market is some level of beta to bitcoin.

i only make this point to make sure that every trader REMEMBERS that at some point, bitcoin will top and come crashing down

when bitcoin is going up, it creates room for a million narratives to emerge (new L1s, meme coins, etc.)

when bitcoin is going down, that is the only narrative that exists.

don't fight the king or you will regret it.

19. if you make life changing money, make sure you change your life

if you ever find yourself in a position where you made enough money to actually change your life for good, you should probably cash that money out and actually just change your life.

if your quality of life is currently a 2, and you have the money to increase it to an 8...you shouldn't risk EVERYTHING just to try to hit a 9. understand the diminishing returns of wealth.

make life changing money and change your life. it hits different when those numbers are in your bank account.

20. play longterm games

a lot of people make the mistake of getting a semblance of attention and then immediately cashing in and irreparably nuking their reputation for good.

if you really believe in this stuff, put yourself in a position to take advantage of it down the road.

who knows, you might just end up working at a high performance layer 1 blockchain bringing parallel execution to the evm (gmonad)

———————-

that's it. i hope this provided you with some value that you can take and use to help you make as much money as possible. feel free to bookmark the tweet to come back to as you navigate the golden bullrun.

thanks for reading.

[Alex & Books 📚 @AlexAndBooks_]

Every book Charlie Munger has recommended since 1994:

[SushiLaut @SushiLaut]

@LifesAJoke_NFT @base hell yeah number 13 repost

[Life’s a Joke: Community of Clowns @LifesAJoke_NFT]

Coming soon to @base !

All lady Clowns who engage with this post will be considered.

50 Retweets for a reveal.

[SushiLaut @SushiLaut]

@0xCC07C9 comeback stronger sir

[Elon Musk @elonmusk]

Honored to launch @Starlink in Indonesia!

[boop @boopthecoin]

boop is and will be everywhere

boop!

[boop @boopthecoin]

boop

[Whale Alert @whale_alert]

🎉 🎉 🎉 #Bitcoin reached block 840,000! Happy fourth #halving everyone! May the next 210,000 blocks bring even more prosperity and adoption!

[vasucrypto @vasuxbt]

Who is GCR ? GCR is one of the greatest traders in the crypto space.

He is the one who shorted $LUNA at $90.

Here are some top 10 pieces of advice by GCR that you should learn from.🧵👇