Forwarded from Watcher Guru
👍1
Forwarded from Kirby Crypto
Spent two weeks with army buddies touching grass and realised a couple of things.
1) "Basic knowledge" isn't basic
In the crypto space, everyone has varying levels of knowledge - there isn't one guidebook that contains all information you need. For example, something as basic as what a crypto wallet is misunderstood by newcomers and even people in the space. (Eg: No, your hardware wallet is not a physical wallet that holds your money, it contains the seedphrase/private keys which are all you need to access the funds)
2) Crypto nativeness can’t be taught
There’s no school nor institutions to truly understand crypto. The ethos, the lingo, the shared rugs. It’s learned through time and experience in the trenches.
From understanding why DeFi exists, to concepts like PoW/PoS, yield farming strategies, and many others these are things you learn through experience and not a textbook, or through paying for a 2-3 day course.
3) Qualifications
None of us entered this space with a crypto cert(?). Everyone learns along the way. Of course, grifters come along with scam courses, teaching you about the "blockchain", and how to "make money", but they only ever extract value, leaving many with a salty taste in their mouths and never coming back.
4) Concepts second nature to natives and yet terrifying to explain
How do you explain concepts like gas fees, tokenomics, NFTs, airdrop and free monies to normies?
How do you tell them, you send 5,6 figs USD to people you've only met online and yet trust more than some people IRL?
What we consider daily life (swapping tokens on Uniswap, staking for yield, perps), are second nature to us in this space, yet some entirely new concept for so many people out there.
5) The disconnect is real.
Those outside the space still see crypto as a mix of gambling and magic internet money. Not many understand the deep ecosystems, real-world applications, or how value is created and exchanged.
Until society as a whole catches up, the gap between "normies" and the crypto natives will continue to be a challenge we have to bridge, one conversation at a time.
The more I think about it, the more I realize: what natives know is rare. Never underestimate the knowledge and edge you’ve built up just by being here.
Also, truly believe if companies are looking to explore crypto or to look into learning more about the ecosystem, stop looking at CVs, find crypto natives who know what they are doing and can guide your company in navigating this complex industry.
1) "Basic knowledge" isn't basic
In the crypto space, everyone has varying levels of knowledge - there isn't one guidebook that contains all information you need. For example, something as basic as what a crypto wallet is misunderstood by newcomers and even people in the space. (Eg: No, your hardware wallet is not a physical wallet that holds your money, it contains the seedphrase/private keys which are all you need to access the funds)
2) Crypto nativeness can’t be taught
There’s no school nor institutions to truly understand crypto. The ethos, the lingo, the shared rugs. It’s learned through time and experience in the trenches.
From understanding why DeFi exists, to concepts like PoW/PoS, yield farming strategies, and many others these are things you learn through experience and not a textbook, or through paying for a 2-3 day course.
3) Qualifications
None of us entered this space with a crypto cert(?). Everyone learns along the way. Of course, grifters come along with scam courses, teaching you about the "blockchain", and how to "make money", but they only ever extract value, leaving many with a salty taste in their mouths and never coming back.
4) Concepts second nature to natives and yet terrifying to explain
How do you explain concepts like gas fees, tokenomics, NFTs, airdrop and free monies to normies?
How do you tell them, you send 5,6 figs USD to people you've only met online and yet trust more than some people IRL?
What we consider daily life (swapping tokens on Uniswap, staking for yield, perps), are second nature to us in this space, yet some entirely new concept for so many people out there.
5) The disconnect is real.
Those outside the space still see crypto as a mix of gambling and magic internet money. Not many understand the deep ecosystems, real-world applications, or how value is created and exchanged.
Until society as a whole catches up, the gap between "normies" and the crypto natives will continue to be a challenge we have to bridge, one conversation at a time.
The more I think about it, the more I realize: what natives know is rare. Never underestimate the knowledge and edge you’ve built up just by being here.
Also, truly believe if companies are looking to explore crypto or to look into learning more about the ecosystem, stop looking at CVs, find crypto natives who know what they are doing and can guide your company in navigating this complex industry.
👍10🔥2
on one hand we have TT’s fartcoin sold otc
on the other hand we have fartcoin strategy fund that imitates MSTR
interesting times for farting
on the other hand we have fartcoin strategy fund that imitates MSTR
interesting times for farting
no reason for it to be this high imo
just feels like another daily/weekly extraction exercise
holding my chips first other than those that i've alr deployed
the whole its so over <> we're so back cycle is also rapidly increasing on ct
what mean?
just feels like another daily/weekly extraction exercise
holding my chips first other than those that i've alr deployed
the whole its so over <> we're so back cycle is also rapidly increasing on ct
what mean?
😢9
Forwarded from unfolded. DeFi
The amount of ETH staked is now experiencing its second largest drawdown from all-time highs in relative terms since staking withdrawals were enabled in the April 2023 Shapella upgrade.
788k ETH (2.3% of stake) have been unstaked since the ath of 34.76m ETH on November 7, 2024 — link
788k ETH (2.3% of stake) have been unstaked since the ath of 34.76m ETH on November 7, 2024 — link
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1. Crypto is unique - no other market create so many mega wealth events so frequently.
2. Capturing (1) is the main appeal of crypto.
3. (2) is reinforced by the fact that most traders make most of their money on a small handful of trades, trends, coins, and events in a relatively short time span. Not via consistent 1% risk perp grinding.
4. Having a single trading playbook - the '2R @ 1% risk booked, thanks for playing mate on to the next' approach - is viable but likely interferes with your ability to capture (1).
5. Survive long enough to get lucky.
https://x.com/cryptocred/status/1882400151115063370
2. Capturing (1) is the main appeal of crypto.
3. (2) is reinforced by the fact that most traders make most of their money on a small handful of trades, trends, coins, and events in a relatively short time span. Not via consistent 1% risk perp grinding.
4. Having a single trading playbook - the '2R @ 1% risk booked, thanks for playing mate on to the next' approach - is viable but likely interferes with your ability to capture (1).
5. Survive long enough to get lucky.
https://x.com/cryptocred/status/1882400151115063370
X (formerly Twitter)
Cred (@CryptoCred) on X
Nobody Makes Money 'Trading' Crypto
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Forwarded from Investing Beanstock
vxTwitter / fixvx
💖 129 🔁 12
💖 129 🔁 12
Tobias Reisner (@reisnertobias)
Get ready for HYPE evm.
【QRT of CorgiI.hl (@Corgil_):】
'Hyperliquid just updated their bio to:
„The BLOCKCHAIN (key word) to house ALL FINANCE (another key word). Trade, BUILD APPS (👀) and launch tokens on the same hyper-performant CHAIN (key word)”
…
【QRT of CorgiI.hl (@Corgil_):】
'Hyperliquid just updated their bio to:
„The BLOCKCHAIN (key word) to house ALL FINANCE (another key word). Trade, BUILD APPS (👀) and launch tokens on the same hyper-performant CHAIN (key word)”
…
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announcement of announcements are the worst
but hope it’s something good :-))
but hope it’s something good :-))
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