I’ve been enjoying perps alot more lately and see certain alts going much higher than people expect this cycle
Also see myself perp trading possibly more than onchain
Wouldnt be surprised to see a new wave of legendary perps traders created via social trading in 2027
I’ve made one mistake so far this cycle, which was place delusional conviction into the @longdotxyz ecosystem
The last time i did this was eth og memes in 2023 and I ate 💩 sandwiches daily until q4 2024
At this point, I’m willing to find out what happens
RH will do well in the long term. I'm still bullish, but 95% of coins will never recover. It is what it is. The same thing happened in every meta in the past.
Some hard truths:
RH is here to make money, just like any other corporation, not to make you rich. Nobody is here to save you or make you rich except yourself.
It is what it is. If you lost money or round-tripped your profits, learn from your mistakes, adapt, and come back better in the next meta.
That's it.
Didnt have to wait too long
For the tiny bit that btc sneezed, alts saw a bit more capitulation which I like. they all looked ready for pullbacks anyways
Scaling in small for a reverse scalp on zcash:native $Ena $Near (Near riskier out of the 3)
Dont get bearpilled imo
Im ready for $BTC to rip the bandaid off at this point and its clear 80k support has been knocked on too many times
The cleanse is much needed in retrospect. Reset expectations on majors, structurally reset the strong alts, and see what survives onchain
The past year of onchain was so consistently dead that I kinda adjusted to the “new normal”
ngl its been even more demoralizing watching onchain regress so hard after how optimistic things were in Aug/Sept
Its all cyclical but things feel truly broken w/ current trajectory
Think even simpler than that is Zec becoming the default expression of risk appetite in the market
Think the past 2 months showed us that
No idea on timing, but Absolute fireworks once BTC clears 90k and legs up
Crypto been so choppy that I’ve started messing around with tradexyz markets and realizing that the edge is being fluent in any market
Tokenization allows for 24/7 trading of any market on earth, and tbh it doesn’t get much better than that as a market participant
I think many are reading this wrong.
It’s not that the «crypto » industry is going no where. It’s that it’s actually in a state where it’s transitioning from being « crypto » to being integral part of finance and tech.
Next decade will make this evidently clear. Zero (one of a16z main bet) will also make this evidently clear.
Difficult spot because wholeheartedly agree that everything seen the past few months does laps around the nov 2024 AI run, apathy and belief feels much much worse with this iteration
I'm hopeful its just that we're early in the cycle, but the game feels different
Thats now twice in the past two weeks that I have posted a screenshot of the pico top of a crypto pump
Apologies for my contributions
In all seriousness though, this isnt a market where you chase. Position in or sit idle cuz late longers absolutely rekt this am
Just like that, we're so back
$BTC leading is exactly what you want to see, in addition to the prior alt leaders leading the alt run once again
And here we go
With that being said, It feels like pre season rn for the start of a new risk on season. There may be some false starts, but I’m preparing as such
Other harder piece is realizing what existing things see continuation vs what underperforms vs finding new kingmakers
I’ve gotten much better at recognizing and accepting that theres simply mini seasons of "easy mode" opportunity in crypto
The next level up is dialing in the execution to push risk hard at the front end and tapering before everything falls off a cliff
They really going for the jugular out there
With that being said, competition breeds innovation and THIS is the type of innovation I like to see tbh
Tech improvements, UX, UI, etc
Anything where we the user actually benefits plz
Agreed but think its even moreso the gambleification of this space
People need to take max risk off minor directional moves w/ max leverage because playing the long game has never felt less appealing
The overnight success is glorified more than the sustainable grinder
