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SiddFromLMaD
405 posts
pretty shi**y market to trade today. no outliers and no strong signals. compression and bleed
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@larpcapitalwc I realized this when you posted all the books on sports betting but how much do you read? Like daily/weekly lol
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i read a lot but sometimes i wonder how much i would read if i had no distractions
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@dopamine_uptake It’s actually 137% annual compound growth I believe, beanie got the #’s incorrect
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This gets me thinking about the guy on here who used to have "long term 92% CAGR" in his bio.
Beanie@beaniemaxi
Bitcoin whale cashes out. Suddenly taking profits in the greatest trade of all time. From a $54,000 cost basis in 2011 - all the way to $9.6 Billlion today. Representing a compounded annual growth rate of 71% over 14 years.
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@PrometheusCHT @sdav1986 @bennpeifert Thank you for linking it, will comment there! Your dms are open to only verified people or those you follow so since I’m not verified, I can’t dm you.
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@SiddFromLMaD @sdav1986 @bennpeifert Sure, I commented on it recently. Happy to elaborate there.
Are my DMs not open?
x.com/PrometheusCHT/…
CHT@PrometheusCHT
There's two broad types of discretionary trading that I try to keep different mental models of: - Truth convergent speculation **having a view you expect price to converge with - Behavioural exploitation **trading price It's important to know the difference & whether you're doing one, or the other, & why.
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@PrometheusCHT @sdav1986 @bennpeifert I can’t dm you but can you elaborate more on the ideas “truth convergent speculation” and “behavioral exploitation”?
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@sdav1986 @bennpeifert Indeed. I try to tease these out into two broad buckets of trading, which is *truth convergent speculation* and *behavioural exploitation* focusing on the tape and its behaviour.
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@degendevv 1) middle layer between frameworks -> agents for additional stuff, data, etc or any other layer
2) Hyper Specialized agents for trenching/ hunting or any actual crypto related stuff and not just yapper analyst
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@dailybrd + YNE at almost 70m & this serves as a decent contrast by focusing on educating vs correcting like YNE
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@ZeMirch If you mean last Xmas when sol was $80-100 then bonk was already 1b+?
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@DaBao_ @atelicinvest Ya, sorry just saw that now! But if we want to extrapolate the tulips example, shouldn’t the conclusion instead be that despite that massive bubble, there was something underlying that still reaps the reward almost 400 years into the future? Let’s now extrapolate that w crypto
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@SiddFromLMaD @atelicinvest i did mention 🇳🇱 now has cutting edge tech in horticulture
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Even if it's an insane mania, irrational bubble, this won't last, etc etc
Fuck, I can't believe they were right, give or take. BTC is at 100k.
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@DaBao_ @atelicinvest And yet they still export multi-billion tulip bulbs every year, and provide 60% of the worlds flowers, seem like it sure worked out, huh?
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@atelicinvest who cares. In 1634 a single bulb of tulip cost as much as 5,500 florins($USD 750,000) in Netherlands.
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@686Prism youtu.be/V762GDXDdmw?si…
He did a rlly good interview like last yr (can skip crypto parts if not interested and just view being on floor & his decision making framework)
YouTube
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yes, the former [and current] pit people are the savviest cause they've seen in slow motion what we all look at on the screens. Just copy the best.
ft.com/content/400109…
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@real_y22 not saying bad trade but just reminder:
x.com/real_y22/statu…
Y22@real_y22
my PnL would look a lot different if i didn‘t re-enter stuff. marrying my bags. GME, AMC, MOTHER.. all that would have been great trades if i had stayed away after i first took profit. so, i need your help. if i ever post about „re-entering for another round“ tell me to stfu.
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𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐮𝐩𝐝𝐚𝐭𝐞
swapped 77558 $USDC for 502621 $BILLY
mc at time of buying: 148 million $
i want to be exposed to this particular meme because it will get listed on CEXs at some point. And especially an eventual perps listing will alter its trajectory. don't want to get cute swing-trading it too much. with pure on-chain stuff i don't care so much, but these types are dangerous.
𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨
438000 USDC
502621 BILLY
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for reference shib in 2021 ran to 8b on the first move, dropped 87%, then ran 18x
pepe another good example, ran to 2b on the first move, dropped 86%, currently up 18x
feels like wif could do something similar, -80% takes it to roughly $1 then possibly a 20x into cycle peak?
Slumfy@Slumfy1
have we ever had a meme pump to multiple billions on the first run, retrace 80%+, and then not make new highs?
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