this is a similar thought process that i had when assessing ai16z and vvaifu
i know that in time both will trend back up and in fact i was considering positioning in vvaifu at 50m yesterday, but chose not to take the trade for a few reasons
mostly boiled down to conviction and r/r on the upside
i do think sometimes free money should be picked, but maybe not all the time especially when opp cost is involved
i know that in time both will trend back up and in fact i was considering positioning in vvaifu at 50m yesterday, but chose not to take the trade for a few reasons
mostly boiled down to conviction and r/r on the upside
i do think sometimes free money should be picked, but maybe not all the time especially when opp cost is involved
Crowd Ctrl
Too many of you fail to understand this and end up chasing every little thing that has a good thing going for it because you don't want anyone to make a dollar without you.
a huge struggle for most is being at peace with missing runners
i think i'm slowly getting there, pretty zen esp when you realise that you can't catch every single trade
as long as majority of my portfolio is allocated in what i believe are high r/r bets
once you're at peace with the fact, i think trading mental gets a lot better
i think i'm slowly getting there, pretty zen esp when you realise that you can't catch every single trade
as long as majority of my portfolio is allocated in what i believe are high r/r bets
once you're at peace with the fact, i think trading mental gets a lot better
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Crowd Ctrl
You are not a fucking index fund. If you have conviction in two potential trades, and you are certain that trade A will yield 300%+ returns and trade B will yield 200%+ returns, you do not go 50/50. You do not throw 90% into the former and 10% in the latter to have some exposure. You shove the stack into trade A and forget about trade B.
if you rephrase the message, i think it also boils to this: https://news.1rj.ru/str/cryptomumbles/11298
Crypto Mumbles
https://x.com/everythingempt0/status/1861734450578784578
if you've traded on virtuals, you might have received a free $music airdrop
i got mine and will probably just hold since its a small one
i got mine and will probably just hold since its a small one
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Forwarded from Watcher Guru
JUST IN: 🇨🇦 Vancouver Mayor proposes motion for the city to adopt Bitcoin as a reserve asset.
@WatcherGuru
@WatcherGuru
Forwarded from Moonbags Markets
How people think bull markets are:
Buy a coin ->10x within 12 hours, sell then move on to the next -> 5x within 24 hours -> sell then move on and repeat
What really happens:
Buy coin that is pumping -> immediately lose 35%, coin then goes sideways, don't wanna sell for a loss in a bull, other coins pumping -> capitulate and move onto next pumping coin, same thing happens, down 40% in an hour, coin you sold goes up 10x -> reeeeeeeee
Buy a coin ->10x within 12 hours, sell then move on to the next -> 5x within 24 hours -> sell then move on and repeat
What really happens:
Buy coin that is pumping -> immediately lose 35%, coin then goes sideways, don't wanna sell for a loss in a bull, other coins pumping -> capitulate and move onto next pumping coin, same thing happens, down 40% in an hour, coin you sold goes up 10x -> reeeeeeeee
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added some fartcoin
not doing much since things are cooling off
strike again when things are hot
not doing much since things are cooling off
strike again when things are hot
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flight to quality is a very real thing
because eventually when the next leg begins, the obvious ones with strength will lead
also, now that i'm becoming more selective, i'm not very interested in a lot of the other newer tokens
because eventually when the next leg begins, the obvious ones with strength will lead
also, now that i'm becoming more selective, i'm not very interested in a lot of the other newer tokens
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