Jumanji Riddler

@sonder_crypto True true That panic urgency cost me a lot over the years

I've been here for multiple cycles and I've always heard the same message. "This is your last chance to make it." "You need urgency." That urgency is the mechanism that will take everything from you. 94% of pump traders lost money. I'd bet they were feeling this sense of urgency. It's the wrong game, wrong time frame and wrong environment to trade as if the market owes you something. I wasn't immune to this feeling either this time. I said I would never trade perps again cuz all my biggest losses were all perps. Then oil started running and I got caught up in it which ended with me getting liq'd on one of the weekend nukes. The game gets harder every cycle and the window to make it feels smaller. But that feeling is the trap cuz it pushes you into games that aren't in your favor.

Bear market halfway through?

@dukonomics @truecrypto 😂 😂 😂 😂 😂

@truecrypto ngl this reads like an ESPN stat

#Bitcoin has done many things, but Bitcoin has NEVER, in its entire history, closed a monthly candle back below a prior cycle’s monthly closing high after confirming a breakout above it. $61,359 is that level (Oct 2021 monthly closing high). If we close below it, it's the first confirmed monthly cycle-level top-side breakdown in history. We'll know soon.

It's all AI slop. As far as the eye can see.

Always remember this

@andrew_nfx Do you want to be right or do you want to make money?

When I was learning how to trade, I was part of a big trading Discord. There was a guy in the Discord everyone respected. First to post charts. First to mark levels. First to explain why price should move. If someone asked a question, he had the answer. Honestly, if you judged trading ability by analysis alone, he was the best trader in the room. But here’s the part no one knew: He never made money. I found out after talking to him privately. While everyone assumed he was funded, he was still blowing challenges. Same pattern every time. Perfect analysis → no entry. Missed move → late chase. Late chase → emotional stop. Or even worse: Perfect setup → smaller size “just in case.” Mediocre setup → full risk because it “felt good.” On the chart, he was surgical. In execution, he hesitated. He wanted certainty before clicking buy or sell. And certainty doesn’t exist in trading. The market doesn’t pay you for being right. It pays you for acting under uncertainty with controlled risk. Eventually he admitted it: “I’m scared to be wrong.” That fear kept him safe emotionally - but broke him financially. Some of the “worst” traders I know make money. Some of the smartest never do. Because trading isn’t about who understands the market best. It’s about who can execute a simple idea the same way over and over again.

@Sherlockwhale This sounds about right

Stop celebrating calling $60K the bottom for Bitcoin. We’re nowhere near the real bottom. Bitcoin’s Realized Price (average cost basis of all holders) right now is $55,244. Current price of $70K is 27% above the average holder’s cost basis. 1- In 2022, BTC bottomed at $15,476 which was 34% below Realized Price of $23,340. 2- In 2018, BTC bottomed at $3,200 which was 47% below Realized Price. 3- The same pattern repeated in 2015. The rule is simple. Bear markets don’t bottom above the Realized Price. They bottom 30-50% below it. If history repeats, 30% below $55K gives us $38,500. That’s exactly what my prediction for next Bitcoin bottom is. We’re nowhere near true capitulation. The real bottom comes when Bitcoin crashes through Realized Price and stays there for months. Bottoms are never V-shaped recoveries, they’re long, painful and form after months of consolidation.

Most of your stress and pain in trading comes from: 1. Wanting to get rich quickly with big sizes 2. Not accepting that you can and will often be wrong 3. Refusing to take small Losses

@jtrader Very cool thoughts. Trading exposed parts of my psyche that I had no idea about.

The good thing about trading? Even if you never become profitable, you still go on the deepest spiritual journey of your life. You start wanting money… you end up discovering: Your ego issues Your impulse control problems Your fear of uncertainty Your need to be right You came for profits. You got forced into self-awareness. Trading really said: “Oh you want money? Cool. First fix your entire personality.” It’s the only industry where before paying you… it turns you into a better human first

@truecrypto Story of my life

Most traders lose because they break these rules. Master them, and you flip the odds. 7 Trading Rules That Separate Winners From the Herd (Save this, it’s your edge in one post) 1. Cut Losses Fast Big losses end careers. Small ones? Tuition. Don’t defend bad trades, cut and reload. 2. Define Risk First Before you click buy, know your sell. No exit plan = no entry. No hope. No hesitation. 3. Trade Liquid Markets Volume is your parachute. Illiquid assets trap you. Liquidity keeps price honest. 4. Buy Strength, Short Weakness Trends pay. Strong gets stronger, weak gets wrecked. Trade with momentum, not against it. 5. Let the Chart Talk Earnings, headlines, hot takes, noise. Price is truth. Read it. Trust it. Trade it. 6. Pressure Before Breakout No coil, no launch. Wait for compression, clean pivots, and tight ranges. Then strike. 7. Discipline Over Emotion Your edge is execution, not emotion. Stick to the plan. Let stats, not feelings, drive. TLDR: This game rewards patience, clarity, and discipline. You don’t need more trades, you need better ones. Stick to these 7 rules and let your trajectory do the talking.

Great lesson for everyone, one which people who have been in Crypto have had to learn or they die. Crypto always goes up far higher than you could ever imagine, this makes you greedy and reluctant to sell even though you should. It also goes down way more than you'd ever expect, paralyzing you with fear even though you know you should be buying.

Brutal

Depressing market

@luckychartape 97 percent?!

This week I found out 97-99% of people see actual images when they think... like a picture As someone who sees no image at all.. I always thought words like "mental image" were a metaphor. This is a public service announcement for the 1-3%.. incase you didnt know.

@ericadamsfornyc @buynyctoken Lool

Proud to launch @buynyctoken, a new token built to fight the rapid spread of antisemitism and anti-Americanism across this country and now in New York City. Now live at BuyNYCtoken.com

“Liquidate their longs” “Good, now liquidate their shorts” “Good, now liquidate their longs” “Good, now liquidate their shorts” “Good, now liquidate their longs” “Good, now go for their longs again”

you’re hurting yourself by fixating on the term ‘bear market’. we are in a market that: - has less frequent opportunities - is still showing relative weakness to other markets - gives us sharp & sporadic bounces/rallies instead of structural uptrends - continues to reward aggressive profit taking on longs - has lots of key levels overhead, which used to be beneath us it’s easier to think of it that way. these things have been true for ~2 months now and they will remain true, subject to the will of the market it’s on you to cater your approach to the context of the market.