hypothesis
from 2017 to 2023 crypto was largely pve, where p was vc insiders and e was retail
with the proliferation of meme coins the market is starting to bifurcate. vcs r incapable of playing the meme coin market due to their mandate, while retail don’t want to play the…
Capital preservation should always be your number one priority.
Clawing back capital becomes exponentially harder as losses deepen.
A 50% loss needs a 100% gain to break even.
A 75% loss needs 300% to recover.
Opportunities will always be there, but will you?
I love people who call other "paper hand" etc
Dude think he's tough cuz he's holding through a 75% drawdown
Bro you're a loser 😂and making fun of other ppl for selling and taking smaller L just makes you sound bitter
In order to be a quality trader to my personal belief you need to be a bad trader first.
Trading isn't so much about about having a read on the market but rather how you manage yourself in reflection to your account.
You gain emotional intelligence going through the cycles.
One of the biggest fallacies that cost crypto people the most has been
"X is strong and has gone up a lot.
Y is like X and hasn't pumped yet.
Lemme buy Y, I'll make more money that way"
No, you won't. You'll kick yourself in the balls for buying weakness instead of strength.
Still sticking with this.
Signs that we are forming another range around here are developing as the initial drive is slowing down.
Alts held up nicely and liquidity trickling down into other assets (Phase 2-3)
BTC ranging offers good directional setups both ways.
#Bitcoin
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