Maxim 8:
Good decisions sometimes have poor outcomes
Bad decisions sometimes have good outcomes

separate the quality of the decision from the outcome at all times to avoid resulting (aka outcome bias)

often we think we’ve made a bad decision when the outcome doesn’t play out in our favour

ie. investing in xxx because of great tailwinds or fundamentals, but end up losing money

it still is a good decision and we have to recognise that

the opposite is also true

a good outcome doesnt necessarily mean a good decision was made, could very well be lady luck shining on you

a full list of prediction markets:

https://x.com/figo_saleh/status/1959870069405822984

i have a feeling market thinks pump is overvalued but participants are using 4b as an anchor bias, such that trading below tge feels cheap

not uncommon for projects to tge high to anchor prices

current state of trenches not really helping and it has been trading way too heavy since tge, on top of general disdain for the team after all the 'extractions'

buybacks barely help float the chart, pumps are quickly faded

i think new lows are likely, ready to be wrong (not that i have a position)

TOM LEE'S BITMINE BOUGHT $2.2B OF ETHEREUM OVER THE PAST WEEK: PRESS RELEASE

🔗 velo.xyz

Sharps Technology (Nasdaq: STSS / STSSW) completed a $400M PIPE financing to build the world’s largest Solana (SOL) treasury, with investors including ParaFi, Pantera, and Monarq. It signed an MoU with the Solana Foundation to buy $50M SOL at a 15% discount. — link

$MSTR - STRATEGY BUYS 3,081 BITCOIN AUG. 18 TO AUG. 24

STRATEGY BUYS 3,081 BITCOIN FOR AGGREGATE PURCHASE PRICE $356.9M
(@WalterBloomberg)