Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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Forwarded from Watcher Guru
JUST IN: Coinbase expands partnership with PayPal to "advance stablecoin payments."

@WatcherGuru
Crypto Mumbles
there are a few invites left, enjoy https://app.lighter.xyz/trade/ETH?referral=5883S1VU
all used up (again)

will try to get more next week

happy farming esp before it goes public

edit: you can get your own refs too btw, you just need to get enough points first
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Forwarded from Watcher Guru
JUST IN: $5 trillion asset manager Fidelity says "Bitcoin supply on exchanges is dropping due to public company purchases."

@WatcherGuru
Crypto Mumbles
https://fxtwitter.com/eugenegeu/status/1915370194480111705
i highly agree w this

long before crypto i've always been in search of a high value skill, one that will help you rebuild wealth even if you start from zero again ie. sales, trading, etc. it truly compounds quickly

a senior once told me that the bulk of the crowd starts to diverge almost immediately upon exiting the school system. it is where one of your classmate eventually becomes a c-suite, another remains a clerk, while another retires early. skills and events that start compounding once the racegates open and investing is one such example. i only started to understand it in the later years.

i am privileged enough to be trading alongside sharp traders while running my own book and i'm always looking for growth opportunities. if you're unable to get into a fund for now, its not the end. be sure to search and connect w others because most of the top traders don't work for funds (and most are very lowkey so don't judge by ct followers etc.).

ALSO, rich =/= smart and neither does having a lot of followers

as naval said, experience is always the best mentor and be sure to get your 10,000 hours in as early as possible, so that you'll be able to compound more in the later parts of your life.

i still have so much more to learn regardless of my current achievements and that is exciting to me

that said, always looking for more like-minded people and growth opps working in funds or protocols

drop me a dm on ct at anytime (dpycm)
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as i always like to say,

to live is to learn, to give is to earn
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realised i sound a bit old, but i would like to identify as a young professional

thank you 🙂‍↕️🤝
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hopped on the zerebro train because i wanna see this squeeze happen
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Forwarded from infinityhedge
CHINA'S FOREIGN MINISTRY ON TRADE TALKS WITH US: CHINA AND US ARE NOT HAVING ANY CONSULTATIONS OR NEGOTIATIONS ON TARIFFS

CHINA SAYS US SHOULD NOT MISLEAD PUBLIC ON TALKS

CHINA'S FOREIGN MINISTRY SAYS NOT FAMILIAR WITH REPORTS ON CHINA TARIFF EXEMPTIONS
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again and again

actually embarrassing
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are you... (for the next 3 months)
Anonymous Poll
43%
bullish
16%
bearish
41%
neutral (observer)
think i'll be patient and just wait

seems to me people are forcing the risk on in the trenches through blatant rugs and things that don't make sense

one proper runner and i think it goes boom

that is the only one i'm interested in

whether ai/meme idrk
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also, now that people are turning bullish again

reminder that your risk on here should not be the same level of risk on last year

ie. protect your gains and not return them all back

many made good money last cycle and sold the top, but they didn't know how to keep it on the way down

i have already offramped a significant chunk and whatever i'm trading rn is what i can afford to lose
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Forwarded from infinityhedge
CHINA, U.S. NOT HAVING ANY TALKS ON TARIFFS - CHINESE EMBASSY
Forwarded from y22 trades
after sharing my tg id here i got multiple messages from people who are currently all-in in a position that is going against them. all had the same thing in common, down a lot from paper ATH and the feel to need to make it all back by betting "size".

idk who else needs to hear this but if you are in the same boat then close your position immediately. even if you can pull it off this time and it works for you, doesn't matter, you are destined for failure if you operate like this.

this is revenge trading in its purest form. anchored to a uPnL number from the past and the need to make that back with one trade. never ends well. this is pure gambling. you need to have a process. your net worth will always regress to the base level of your process / edge / skill. every single time. its a law of nature.

first, NEVER go all-in. there is no situation that justifies this. it is always bad risk management. second, do not attach yourself to past portfolio ATH (google "anchor bias", very dangerous thing). cleanse your mind of that number. only thing that matters now is the next shot. past is in your head, future is in your hands. third, stop thinking about size in absolute terms. people are brainwashed from CT and think they need to drop 50k into a trade in order to "capitalize on the opportunity with size".

"size" should always be measured against YOUR portfolio. if you drop 15-20% of your portfolio into a single trade then you are betting size. size means if the trade fires it makes a significant difference to your overall net worth. its not a number.

if you have understood these points then start journaling. write it all down, what went wrong, what went well. identify your own individual strengths and weaknesses and then build a sound, robust process from that.

mistake + reflection = progress
this is the way.
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