🚨 A small reminder for newcomers in cryptocurrencies!
- 99% of projects/tokens go to 0
- 95% of people lose money
- 1% of traders manage to make a living
- You are the business model of influencers
- Bitcoin should be 90% of your crypto portfolio
- Marketing > Tech
- You are the exit liquidity for the old
- The market remains irrational longer than your capital
- Most tokens exist to enrich their creators
- The bull market forgives mistakes, the bear market punishes them
- The market is not here to enrich you, on the contrary
- The PnL Twitter is almost never real
- 90% of "traders" lie about their gains
- Exchanges win no matter what
- KOLs are paid to speak
- Cycles are manipulated by liquidity
- Narratives change but the pattern remains the same
- The majority of people arrive too late in each cycle
- Leverage is the fastest way to destroy a portfolio
- Bull markets give the illusion that everyone is a genius
- The majority of Twitter "alpha" is already priced in
- Patience pays more than intelligence in this market
- Manipulations are legion
- Hacks and scams are daily
- Crypto is the pinnacle of the attention market
- "Web3 gaming" is not in vogue
- NFTs are the ghosts of an idealized past
- Memecoins rise thanks to cabals
Have a good day 🫂