I spent so much time justifying transfers to banks over the past years
Now that I have EtherFi and Plasma One, I decided to stop giving a fuck about what they ask
Citibank kicked me out
Bye bye
Tom Lee having bought infinite ETH at like $4k makes me just not wanna own the thing
You're telling me I should buy something he couldn't pump with infinite money?
Maybe that's a 50IQ take but meh man, good luck with that
I appreciate his exit liquidity though
BREAKING 🚨 Ex-Pantera Capital partner to lead Solmate, a new Solana DAT in the UAE launching with $300M.
Expect more Solana DATs and more Solana market buys. So much higher.
How do broke people have so much free time to sit around watching livestreams or doomscrolling on Instagram?
If you’re broke, you can’t afford this luxury. Get back to work my friend.
Even if you’ve already “made it,” you should still be working because that’s how you got there and that’s how you’ll stay there. Not by watching someone else chase their dream while you procrastinate on yours.
If this tweet offends you, ask yourself why. I only say this because I love you.
Build habits that move you forward, not ones that keep you stuck.
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Always a pleasure to see former ECB Vice-President Christian Noyer.
We were joined by former German Finance Minister Jörg Kukies for an engaging discussion on innovation and competitiveness in Europe.
I lost all my gains during the 2022 bear market. I sold Eth and BTC to buy Solana NFTs based on a crypto group chat that recommended them. Now I hate those members and hate my life. I wish I never got into crypto.
Every System Sucks
Social media trading glorifies perfect win rate systems with 0 drawdown entries that go straight to target.
Gurus don't talk about their losing trades or losing streaks to maintain the fantasy that you can consistently risk and win without losing.
This brainwashes their less experienced followers into believing they're doing something 'wrong' if they lose a trade (or multiple trades) and sends them on a goose chase for a mythical trading system that never loses money.
It doesn't exist.
If you trade, you're going to lose money at some point.
Every edge or profitable trading system either decays over time or gets washed out completely by a change in the market regime.
Trends end and have false starts. Trend followers get chopped.
Breakouts fail. Momentum traders get trapped.
Means stop reverting. Mean reverters get steamrolled.
That doesn't mean the system is inherently flawed.
It's just the cost of doing business.
The point of risk management is to allow you to absorb those unavoidable losses and stay in the game.
That's why it's called risk management, not risk avoidance.
If you want to avoid losing trades, there's an easy way to do it: don't trade.
Otherwise, you need to be comfortable with the fact that even the best trading system will eventually serve you losing trades.
This is precisely why traders obsess over position sizing: the goal is to maximise your edge while it's there/the regime is supportive, without losing your shirt once it decays or disappears entirely.
Crucially, if your previously profitable trading system starts losing, that can be an early warning signal that the underlying regime is changing.
Losing streak on a trend following system that was printing? The market may be consolidating.
Breakout trades turn into traps? The market may be running out of steam.
Mean reversion trades overshooting their expected ranges? Volatility expansion may be underway.
These are critical insights, but you can only meaningfully gain access to them if you're willing to stick to your system, learn its nuances, gather data, and take risk instead of panicking and abandoning ship after the first losing trade.
To summarise:
1. Losses are inevitable. Every trading system experiences losing trades. They are the cost of doing business, not proof of a flawed system.
2. Risk management is not risk avoidance. The goal is to size such that losses don’t knock you out, not to eliminate losses entirely.
3. Edges decay. Market regimes shift, so a once profitable strategy may stop working and losses can be an early signal of change.
4. Stay disciplined & collect data. By sticking to your system through different regimes and by stomaching variance, you can learn its behaviour and spot regime shifts early.
5. There's no free lunch.
I’m convinced that many Bitcoiners have less BTC now than they did last bull market. There’s no enthusiasm anymore and seems like many have gone quiet/inactive.
Give me a late stage 2017 type bitcoin distribution into eth and alts mooning everything as btc dominance nukes and btc maxis seethe watching 2 years of outperforming everything get erased in 2 weeks just as nature intended