1/ Some notes on the important take-aways from the podcast...
Every bad trade you make is a *tremendous* learning opportunity. You learn almost nothing from the trades you make money on.
youtube.com
Every bad trade you make is a *tremendous* learning opportunity. You learn almost nothing from the trades you make money on.
youtube.com
2/ Being a student of history has made me the most money.
Pattern recognition is the single most important skill the greatest traders have. Speed is everything -> the quicker you can identify a trend, the greater edge you have.
Hack this skill by studying history, and...
Pattern recognition is the single most important skill the greatest traders have. Speed is everything -> the quicker you can identify a trend, the greater edge you have.
Hack this skill by studying history, and...
3/ Keep learning! If you're in crypto, you should to read "The Alchemy of Finance" by George Soros.
It will teach you the concept of reflexivity and how to play market bubbles (aka crypto).
It will teach you the concept of reflexivity and how to play market bubbles (aka crypto).
4/ On Crypto Naysayers...
People that say the underlying tech of TradFi >> DeFi are delusional. At this point, if you hate crypto, you simply are choosing not to understand it.
People that say the underlying tech of TradFi >> DeFi are delusional. At this point, if you hate crypto, you simply are choosing not to understand it.
5/ On DeFi and NFTs...
The DeFi pump tells us that it was severely under-owned with minimal speculative money in the sector.
I agree with @jvb_xyz on that we're past the worst part of the tech lifecycle for NFTs. Activity and acceptance has picked up heavily.
The DeFi pump tells us that it was severely under-owned with minimal speculative money in the sector.
I agree with @jvb_xyz on that we're past the worst part of the tech lifecycle for NFTs. Activity and acceptance has picked up heavily.
6/ On Trading going into the ETF Approval...
It looks *very* similar to the futures ETF. We'll top on the day of approval, ETH will run hard to catch up, and they'll both move sideways until the next halving.
My favorite trades right now are long GBTC, ETHE, and STX.
It looks *very* similar to the futures ETF. We'll top on the day of approval, ETH will run hard to catch up, and they'll both move sideways until the next halving.
My favorite trades right now are long GBTC, ETHE, and STX.
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