Picolas Cage

The best advice you won't read on a Sunday: Some thoughts on the market and how to make money from it/navigate it. (long Sunday reading) The market has changed a lot over the last 2 years, it's matured over time and found more institutional bid and adoption. 1) As a retail small fish, you're probably not going to make life changing amounts of money in Bitcoin. I just don't think there's really that much aggressive upside to be had. It's too big as an asset now. I bought BTC @ 6k, I could've realised that as a 20x from 2018. A 20x from here? $1.8M - that's going to take much longer than 8 years IMO. I think it would be more appropriate to view Bitcoin for retail as a store of value with constant bid. The downside of this is you can't just buy 'the safest' asset in crypto i.e. rank number 1 and make life changing retail returns with 4 figures. The upside of this is when I was in the markets back in the day, holding Bitcoin was torture. March 2020? 40% drop in a day. Imagine Bitcoin dropping to $54k in ONE day. It was so hard to stay exposed to crypto without painful volatility. So the good news is (tempting fate here a little) it's very unlikely Bitcoin would drop that much in a day - maybe 1 week - but that gives you lots of time to adjust and rethink your strategy. 2) Because of point number 1, it's harder to make $ from crypto, you've got to extend down the risk curve. This means altcoins, or more recently, memecoins. Memecoins were this cycles altcoins - the memecoin mania was the alt season IMO. The problem with memes is they definitionally weren't worth believing in or holding, so they completed their infamous rollercoaster pattern much more quickly. The proliferation of memes + the inability to create huge wealth with Bitcoin has created short terminism mindsets within retail + young people. I think this short terminism has been exacerbated for Gen Z or younger by the proliferation of high dopamine culture. Tik Tok, youtube shorts, instagram reels - modern gaming, everything - it's all a dopamine rush. Taking that dopamine rush mentality and applying it to investing/trading = 99% of people getting rekt - and they did, memes rekt most people. Popular coins such as ETH + SOL also didn't perform well, unless you were able to catch them in the depths of the bear market so these factors really pushed people into the 'get rich quick' way of thinking. 3) Get rich quick in crypto used to exist, now it probably doesn't. So as I've explained, you used to be able to get rich quick in crypto by trading the majors like BTC or ETH - but now with institutional adoption that's kinda off the table. I've explained the good and bad side of that and what it inevitably lead to (short terminism, instant gratification, gambling over investing, aping etc.) Now let's talk about what to actually do about it. Well, as a boring old unc, I'm here to tell you that getting rich slowly over the next 5-10 years is totally worthwhile. For reference, being rich is not having 5M+ and living on yachts, being rich is not suffering from government tyranny, it's having more free time to pursue hobbies + interests on earth, spending quality time with friends, wife or children because you're not up to your eyeballs in stress from financial worry - that is actually being rich. Like having a small mortgage or something - these things palpably change your life for the better. Don't get sucked into all this 'rolex and fancy sports cars' BS - that's shit designed to keep you poor and part of the system. You've very much still in the matrix if you think owning luxury cars + watches + materialistic things are the key to happiness. (CC: Tate bros) Enough preaching, let's talk actionables. > Laddering in: Yes Bitcoin is less volatile, but it's still volatile, be patient, check sentiment, wait for someone to blow up and ladder in your buys - I'm not saying time bottoms, that's too hard and risky. I'm saying be patient, have some cash on hand and deploy more cash the lower it goes in a laddered approach. > DCA (dollar cost average): Pick a number you can afford every month, say it's $250 - buy that much Bitcoin every month (62.5 every week will be better) It's a boring strategy but you're effectively always buying the lows and as Bitcoin moves up, you don't even need an ATH to make good returns. Plus, as we discussed, Bitcoin is pretty much a cert for being around 10 years from now, so holding it as an asset is going to be much easier - this is what Cobie meant when he said the easy road is 100k-250k btw. > Farm airdrops: yeah they've dropped off, but they'll still be around here and there. It's free money, just take some off the table to pay the taxman. > Learn about crypto and keep researching in your spare time - use this knowledge to build your account. Once your account is built up, look for InfoFi deals (if it's still around) or KOL deals for respectable and reputable projects - don't promote trash to get ahead, it's unethical and it will damage your brand in the long run. Your friends are not exit liquidity. > Don't quit your job. Can't express this enough. Investing is like a roller coaster - you can't get off until the ride's finished. If your money is in a long term multi year investment (like ETH or BTC) - you can't pull it out half way through because you need the money. Money you invest is gone - so only invest money you can afford to lose. Don't over invest, don't invest/trade emotionally. Build your investment thesis and build stoicism (so you don't panic sell) and don't be a dummy, I mean build a 5-10 year investment thesis about BTC or ETH not about AIDogecoinNFTclubwifhat or something FFS. > Save your money, be frugal. If you're using newly acquired money to buy flash things you're doing this: 'We buy things we don't need, with money we don't have, to impress people we don't like' 'Oh but I do have the money', trust me bro, you don't, you're gunna need that money down the line, I'm 36, trust me, you'll need it. Life is expensive. really expensive - especially if you have dependents. Most young men buy flashy things to impress girls or peers because they're insecure, which is totally understandable, I've been that age, it sucks, it's not easy - but it's not acceptable. Best thing I ever did to combat this issue when I was younger was get jacked. I leveraged the fact I had high testosterone at that age and just got to work. This meant I always felt confident and/or superior entering a room because I was always jacked and in shape - I didn't need a watch with a fancy name on it to prove something. My body did that for me. I also didn't need fancy clothes. You wear a $10k shirt and I'll still looked better than you in a T-shirt because it hugs my body and shows my athletic outline. Anyway, just my 2 cents and my opinion, some may disagree and that's fine. I've said enough, I could go on but I'll leave it there. I hope this helps someone and there's an ounce of wisdom in it for someone. Any questions, my DM's are always open - or fire off in the comments so everyone can benefit and ofc happy Sunday.

@SweeneySteve @NoKapRich Unrelated but do they have the fastest cars in the world in Lebanon?

Today I$rael tried to kill me in a targeted airstrike in southern Lebanon as I was reporting on was the targeting of bridges and the forced displacement of 1 million people, an ethnic cleansing operation on a larger scale than the Nakba I have absolutely no doubt that this was deliberate. Despite claims there were no warnings ahead of the strike and no notifications sent to the Lebanese Army who allowed us to film As we have seen in Gaza they want to silence journalists who document and report their war crimes It is the western powers who provide political and military support for I$rael, arming it to the teeth to carry out genocide in Gaza and ethnic cleansing here in Lebanon. They are not simply complicit, but active participants and should be held accountable for their actions. But if I$rael thinks today’s strike will silence us and keep us out of the field they are very, very mistaken

@Mike__eBee @Mr_Husky1

@Picolas_Caged @Mr_Husky1 Yeah. It doesn't matter even if it didn't. Well done tho.

I’m a big guy. I’ve been lifting weights for ten years. I look intimidating, I guess. I was at Planet Fitness doing bench presses. I noticed a kid in the corner. He was maybe 16, really overweight. He was looking around like he was terrified someone was going to laugh at him. He walked over to the dumbbells, picked up the lightest ones, and did a few awkward curls. He stopped, looked in the mirror, and hung his head. He was about to leave. He looked like he was about to quit before he even started. I racked my weights and walked over to him. He flinched when he saw me coming. He thought I was going to make fun of him. 'Hey man,' I said. He looked down. 'I’m leaving, sorry.' 'No,' I said. 'I was just gonna say, your form is a little off. You’re gonna hurt your back.' I picked up a weight. 'Tuck your elbows. Like this. Slow down.' He copied me. 'There you go,' I grinned. 'That’s the muscle working.' We trained together for an hour. I showed him the ropes. At the end, he wiped the sweat off his forehead. 'I almost walked out,' he admitted. 'I felt stupid.' 'We all started somewhere,' I told him. 'I used to be 50 pounds heavier than you. The only bad workout is the one you didn't do.' He’s been my gym partner for six months now. He’s down 40 pounds. Strength isn't about how much you can lift. It’s about lifting others up with you. Anonymous

@Flat2VR Bro that's such a cool idea. Think kids would love that as well

I always wanted to try something like this in mixed reality on actual walls in your house. Have the levels be procedurally created around your actual walls so the character had to jump on top of windows, run across the window pane, curve around to the next room and the player and to physically walk to keep up 🤔

Riot Games been doing This for 16 years

@DanielLawrance0 @stephenRB4 OK best series then fuck you.

@Picolas_Caged @stephenRB4 Then don’t throw its hat in the ring then

Saving Private Ryan is the greatest war movie ever made, and I will die on this hill.

@mhyland18 @stephenRB4 So you're saying they're equally as good? Thanks for agreeing with me.

@Picolas_Caged @stephenRB4 Not surprising considering Band of Brothers was produced by Spielberg and Hanks and made in essentially the same way Saving Private Ryan was.

@gd280705 @stephenRB4 Yeah 100% I watched it with my wife recently, she was impressed but said it was really intense. After bastogne I said oh dont worry it calms down after this. I was referring to action ofc. She was like 'this is not calm!!'

@Picolas_Caged @stephenRB4 In terms of a series it's untouchable The episode when they find the concentration camp is possibly the most hard hitting episode of television ever made. The actual people it's based on being involved gives it authenticity. Great series 10/10

@PoolsMcPools @stephenRB4 It just doesn't quite get there. Still good though. But Harrowing

@Picolas_Caged @stephenRB4 Not shocking that it was made by the same people as Saving Private Ryan. I’m currently rewatching The Pacific, it’s good, but it’s not as good as Band of Brothers.

@ArganautX @stephenRB4 I mean for D-day, as a series Obviously.

@Picolas_Caged @stephenRB4 Bridge too Far. Zulu. Bridge over the River Kwai. The Great Escape. Dunkirk. Battle of Britain. The Dam Busters. 1917. Waterloo. Hope and Glory. Like, you live under a rock?

@goinggodward Almost like you guys all came over from England on a boat or something ages ago.

When I visited England, many of the women there looked like me—same coloring, same eyes and brows, same hair color. Genuinely felt like I was around my kin even though they were strangers to me. Was comforting in ways I didn’t expect.

@Derivatives_Ape Bruh lmao

This is not a new concept. The Ethereum Foundation has been doing this since 2020.

@meadandjuniper Wellllll

It’s weird there aren’t more savory drinks. Take broth for instance. There are so many broths I would absolutely drink straight out of a mug. So how come there’s no Starbucks for broths? Am I just weird?

@stephenRB4 Masterpiece, as a Brit, I wish we had one for our soldiers.

@Picolas_Caged It’s brilliant

@troy_starrett @Mr_Husky1 Nope, I just know BS click bait when I see it. The message is awesome, it's just a made up BS story. That fact you couldn't decipher the difference is telling of your critical thinking.

@Picolas_Caged @Mr_Husky1 You might be an a-hole sir.

@subniferus @Mr_Husky1 Literally used to be a fitness model lmao

@Picolas_Caged @Mr_Husky1 Found the dude who has never been to a gym before…

@MikeGriff11 Yeah he's talking nonsense!

@Picolas_Caged Similar for us. The flights from California were the cheapest of just about any destination at the time. We stayed mostly in hostels but “splurged” on the hotel in Reykjavik for $150/night

10 years ago I went to Iceland from the UK, hired a car and drove around the entire perimeter for 7 days. Total cost was about £600 for 2 people lol. I was totally broke back then, so it's the only way we could've done it.

@OVGNFT You didn't get USDC rewards for top 20 though - and they were juicy

Katana completed its TGE, and I finished in the top 3 of the monthly InfoFi rankings multiple times. The reward I received was just $118.90. That is deeply disappointing. Kaito may be over, but contributors still deserve fairness and respect. x.com/katana/status/… x.com/katana/status/…

@25THPRMR @Crypto_Zh0u @turtledotxyz I'll ask

@Picolas_Caged @Crypto_Zh0u @turtledotxyz man you made think i was hallucinating lmao nah. the punk and other NFTs. nothing was ever said about them no more

Seems like deposit via @turtledotxyz to earn $KAT which is liquid was the play 👀 Those who deposit on the vault for crates got vKAT 🥲 For me, I got $TURTLE & now $KAT 🙏🏻

@slave4blacks @Mr_Husky1 It's not that bro, it's a fake made up story for engagement so he gets paid by X - and you fell for it.

@Picolas_Caged @Mr_Husky1 Maybe not in your world, I've done it and have seen others do it in the gym I go to. We're not all self- consumed peacocks