@saifedean dropping gems. Bitcoin competes in the money market by being harder, fairer, unstoppable. Fiat wishes.
Bitcoin values beat everything else because sound money rewards savers over spenders. The Game of Satoshi makes that crystal clear with money history quests, puzzles, weekly sats action.
Win the money game. Play free: https://t.co/TTqXtAnO60
Liquid staking allows users to utilize locked funds for other #DeFi or #dApp activities while still receiving rewards from their initial deposit. 🏦
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I'm quite possibly the worst trader that has ever lived. In more than 20 years of trading, I've blown up multiple times - some of them with one trade gone wrong - others with a Martingale death spiral from hell. Options, futures, currency, stocks - you name it, I've probably blown up or done incredibly stupid things with it. It was never due to a lack of knowledge. I've always been a steadfast student of the mkt. I've studied many of the greatest swing and position traders of the last 100+ years. I've studied and tried just about every indicator out there and made more "indicators of indicators" than I care to recall. All in an attempt to give me some sort of "certainty". But in reality, all they ended up doing was giving me a false sense of confidence.
What turned things around for me that last 5 or 6 years to profitability? Understanding that the mkt doesn't care how smart I think I am. Understanding that I'm not the one in control - the mkt is. Understanding that trading is about odds and probabilities, not certainties. Understanding that mkt environment is one of the most important parts of trading edge, especially for swing and position traders. Understanding that I can do the exact same thing and get different results - not because my system changed, but because the mkt conditions changed and I must change with them. Understanding that one lapse in judgement, one revenge trade, one oversized position can set me back days, weeks, months or years. Just one. I've literally had periods where I flawlessly traded for months and months and then let one wayward trade wipe out all of that progress. Happened so fast it made my head spin. You have to apply discipline and risk management on every trade, not 99 out of 100.
Trading is not easy, simply for the fact that it's not fair. The odds are stacked against you - financially, psychologically, mathematically. Even losing trades aren't fair - the simple fact that losing 20% requires to to make 25% just to get back to even shows the geometric degrade. The fact that one trade can doom you. The fact that someone like Jesse Livermore, regarded as one of the most talent traders in history, ended up ki!!ing himself after too many blowups. Most turtles never make it to the ocean.
This is a long way of saying to stick it out, if you have the willpower to do so. Your journey from suck to profitability doesn't have to be as painful and longlasting as mine. If you do the work and improve your trading over time and honestly look at and assess your results, you'll be surprised that one day, it'll all come together. You'll realize how far you've come.
The recent market environment is proving challenging for many. Conversations I’m having with many traders are starting to sound similar to those I had in the more benign times, pre-2020.
Learning to adapt to lower volatility conditions is a feature of the very best traders. Not every year can be a stellar year, some years, remaining in the game whilst producing a moderate outcome is the best that can be achieved.
When the wind is not blowing, a sailing boat can’t move far, or fast.
#Crypto Trivia 📝
A crypto fork is a split in a blockchain, resulting in a new #cryptocurrency with similar characteristics to the original one.
#Memecoins are cryptocurrencies that are based on humorous cultural references.
Which memecoin below is a fork of #Litecoin?
$150.7M in annual revenue; Bitcoin holdings grew 64.7%; High Performance Computing Business earned 16.9M, inbound A.I leads on the rise; took the necessary impairment baths in 2022. The future is looking good for @Hut8Mining 🚀🕊️
Last week, we officially moved from Crash Watch to Crash Warning.
The S&P closed at its 200-week MA on Friday and must immediately bounce next week or it risks a further drop of almost 20%...down to near 3000.
The ensuing margin call liquidations will impact all other markets.
Bonds will start to get bid as disinflationary/deflationary forces take hold, but equities are still in la la land.
Valuations have repriced against rising discount rates but risk premium shows they’re still relatively unattractive. Then factor in credit risk and EPS revisions.
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