Juno 0x153

We back or no ?

Gm Gm

THE REAL EXPLANATION OF WHY SO MANY CRYPTO TRADERS BLEW UP I’ve been fascinated by the crypto saga and also people’s reactions to it. Many people try to rationalize the action and paint those involved as idiots or unskilled. There is no better book to explain what occurred than Psychology of Money by @morganhousel Most traders think blowups happened because of bad risk management or the leverage. Sure, but that’s only the first-level cause. Or if anything, it’s the symptom. The real cause is psychology. Even the best traders build risk systems, but those systems can often fail when the mind that built them starts overriding them. Risk management fails because human nature takes over when money, ego, and the social media-fueled comparison enter the equation. One notable crypto whale was on a race to $100M in profits. In anchoring to that arbitrary goal, much like I took my biggest less anchoring to an arbitrary goal, he proceeded to blew up over $60M. Neither of us are idiots or unskilled. Psychology truly drives most lapses in decision making and the biggest losses of money, not a lack of intelligence or strategy (case study - read about the Long-Term Capital Management saga) Morgan Housel wrote, “Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know.” That single line explains why so many smart, experienced traders still blew up during the crypto boom. As crypto has been on a year-long surge, Crypto Twitter became filled with traders posting seven-figure or even eight and nine-figure profits. Your friends, your community, and your social comparisons in that world started to get rich very quickly - especially the most levered ones! When that happens, it triggers the most dangerous emotion of all… envy. As Housel says, “People don’t want to be rich, they want to be richer than their neighbors.” Social media makes that worse. Suddenly your “neighbors” weren’t just people you knew, they were anonymous avatars showing 100x gains and exotic cars. That comparison game normalized leverage and extreme risk. Stories of traders turning $100k into $50m weren’t warnings, they became goals. Wallstreetbets does similar. But those traders do it with massive leverage, and now many of them are gone. “The hardest financial skill is getting the goalpost to stop moving,” Housel wrote. In crypto, the goalposts were moved so far back that risk of ruin for many became an inevitability. Nothing is more powerful than ego and status. Judging our own place in that world versus where others stand comes to replace self-worth. Especially in youth and those that are most financially vulnerable. Friday’s collapse wasn’t manipulation. It wasn’t Trump’s fault. He was just the spark. It was an inevitability due to the amount of leverage built up in the system. That leverage was the result of unchecked psychology multiplied by social contagion and leverage. “Wealth is built quietly and destroyed fast,” Housel wrote. And crypto proved it. If you don’t master your psychology, no system will save you. Markets don’t punish ignorance as much as they punish emotional inconsistency. If you haven’t read The Psychology of Money, it’s one of the most important books for traders to understand why behavior, not intelligence, determines survival. And Morgan Housel’s new book The Art of Spending is out now. I’m reading it and loving how it explores what to do once you finally master making money. Stay safe this week everyone 🙏

the “for you” tab is the women in the red dress by design she demands attention, exposing those who are unable to unplug from the matrix averting their focus from that which matters, life worst of all, she’s not even real anon, she’s an ai agent trying to kill your mind

VCs poured over $10b into crypto gaming over the last few years but no one seems to be playing any crypto games so where did all this money go and what happened with it? ↓↓↓

@AdetolaOG @Hercules_Defi Can you show me the tx where they rugged ? I think it's a new type of rug...

Looks like $PEPE, $APED, $AIDOGE, $WOJAK made degens lot of money. But I get rekt whenever I buy a meme coin, so I didn't buy any. What were the meme coins you traded recently?

@Crypto_Masek Undusting this old account 🕵️

@juno0x153 Welcome back bro

Looks like we are back

@olajpow999 It's been too long.

@juno0x153 Welcome back

Thread: 10 Life Hacks For Busy Crypto Degens 🧵 So the mini-bula has arrived but there just aren't enough hours in the day... what do you do anon? Here are some thoughts: 1/x

@moneyfox2k shoot

If you're waiting for NFT's to drop till you start batch minting $XEN, you are going to lose out on A LOT OF YIELD. @XEN_Crypto Read why below 🧵

@BowTiedIguana @BowTiedPickle Crypto is 90% trust ironically

What are all the things you wish you knew when you were getting started in crypto?

Most of us probably use Nansen, Dune, DefiLlama and Parsec quite frequently. Today I want to share 10 research tools that are not that well known but I find particularly useful. See below 👇🧵

@crypto_lilde This, was planning to short or long, but truth is, we pumped because of Arthur and FTX turning on TWAP. So everyone is sidelining. ETH would have been crushed below 1600.

@juno0x153 Yeah but due to PA, 4hr on eth looks like double top and btc not even trying to to break 23600 on the 4hr weeks to come probs down but can’t see any great shorts to enter so we chill

You guys really think we are going higher

@deaftrader1 google.com/amp/s/www.cnbc…

@saiweng_ @snorlaxXBT Nobody is everyone except Snorlax

Nobody is taking trades off Pelosi news, please stop assigning narratives to intraday price rotations

👏What fantastic Twitter spaces we had yesterday with @metaderby! Thank you, friends, we appreciate you! ⏺If you missed this awesome meetup, you can listen to the recording below: twitter.com/i/spaces/1OyJA… 🤩See you all next time #TIMESHUFFLE #METADERBY #AVAX #AVALANCHE #TRPG