That's the reality of writing anything on the internet. You can have years of content out for people to read through, someone will join today because you said something they liked and they won't bother reading backwards at all. Part of the reason I came to substack was that it was easier to link backwards and quote myself than it was on social media. Far easier to chain a train of thought together here so that people have no excuses.
I hope you do succeed at shaking out a few followers. Honestly there is a such thing as too big of a following when it comes to personal enjoyment of the content process. The larger the following the less the average user can appreciate nuance and the big picture. You've impacted a lot of lives and made a lot of people better off. I was banned from Twitter before you made the switch to BTB, but even despite that you put me in the position where I could quit a 6 figure job that was killing my soul. Much happier today, have plenty of options, and despite my crypto assets falling this past week I still have zero cares in the world due to passive income.
I know you might be mad, but underneath the ignorant new followers is an entire mountain of people who's lives you have made better. See you in 2030.
The vast majority of people who read your content just silently digest it. Its the noisy midwits who want to argue, nit pick, and try to score points in a twitter battle. Many of us are just chill and understand where this is all headed. We just don't need to post about it. Thanks for what you do.
Been around since the WSPB days and continue to be thankful for everything that you post. Well worth the money to subscribe, just submitted for year 2. Still at NGMI levels, but getting closer every day to a GMI lifestyle. No insects, no bugs.
Gotta start somewhere. When you start at home plate and had to work your ass off just to get to first base, the only way to do it is keep on keepin on.
"Traders" are motivated by laziness and avoiding work. It's literally the exact opposite of Jungle ethos, not sure how some of those fools got lost and ended up here.
Honestly don't understand why a ponzi collapsing is bad for crypto. People can't tell the difference between Charlie Lee selling everything and an Actual Ponzi collapsing one is long-term bad the other isn't. Insanity and causes physical stomach illness.
I think having some inflation (high single digit) and low interest rates is the solution to high government debt. Those with lots of cash and those with no savings will pay the price.
Tone is notably different this past week and assuming you're getting lots of unwarranted hate mail.
If anything, you've done more to demystify the crypto space (as well as the macro picture) to enable all of us to learn how to navigate the space and profits. Downturns are part of the risk you take on, and anyone who invests in a questionable project needs to check their risk tolerance before jumping in with a large position.
Everyone should read this post and not buy a single coin until self-custody is understood. Fade the hate and keep doing what you're doing (you don't need me to tell you, but just a word of support for us all to stay positive).
Been doing my best to try and understand as much of the philosophy to crypto lately as I can. Will admit when I first got into it I was more worried about quick gains than anything and kept waiting for a big blowoff top last year that never came so I could make some quick money, but since then I've realized thats not the point as you've alluded to. These past few days was my first "a ha" moment when I realized I was thrilled at the market plummeting. The opportunity to keep stacking up low is a blessing for all who weren't around for the earlier days of crypto. Thanks for the guidance and showing us the bigger picture.
also random question, anyone have a preference of ledger vs trezor? have a nano s its been good to me but only holds 3 coins. Ordering a second wallet for my few other coins I have and debating on getting a ledger again or trying a trezor out.
How did a quant shop like Jump get involved in UST? They have been in crypto for a while now, and you think they would see the structural risk involved. Did they suffer the same as LTCM, which was mostly ego? Or did top talent leave a awhile ago and they are no longer the giga brains they were back in the day.
1.2bil gone from LFG vaults that none can account for.... i'm sure there was enough to go around for every fatcat involved. or who do you think was lining up to buy the btcs dumped at market to "hold the peg", retail or insiders? looks a good reason to be involved, a good payday..... ;)
As much as economists want to talk about the inflation rate decreasing, the compounding effects are taking a toll on most people. One positive will likely be increased interest in crypto and other alternative assets outside the current financial system. Downside is that many will want to trade, get rich quick, follow scammers who offer fake promises and argue with anon cartoon animals.
I've always been encouraged by trader friends to use stables as a tool to escape to in times of volatility, and I used to until I started reading this stack in January. Because of you, Bull, I've since stayed away. Thanks for having our back, your efforts aren't wasted on some of us.
That's the reality of writing anything on the internet. You can have years of content out for people to read through, someone will join today because you said something they liked and they won't bother reading backwards at all. Part of the reason I came to substack was that it was easier to link backwards and quote myself than it was on social media. Far easier to chain a train of thought together here so that people have no excuses.
I hope you do succeed at shaking out a few followers. Honestly there is a such thing as too big of a following when it comes to personal enjoyment of the content process. The larger the following the less the average user can appreciate nuance and the big picture. You've impacted a lot of lives and made a lot of people better off. I was banned from Twitter before you made the switch to BTB, but even despite that you put me in the position where I could quit a 6 figure job that was killing my soul. Much happier today, have plenty of options, and despite my crypto assets falling this past week I still have zero cares in the world due to passive income.
I know you might be mad, but underneath the ignorant new followers is an entire mountain of people who's lives you have made better. See you in 2030.
Thank you!
The vast majority of people who read your content just silently digest it. Its the noisy midwits who want to argue, nit pick, and try to score points in a twitter battle. Many of us are just chill and understand where this is all headed. We just don't need to post about it. Thanks for what you do.
can confirm. Was saved from the: Celsius, keeping coinz on exchange, Lido, Spell disasters.
I have a couple eth in lido, does a guy take a loss and swap it out or do you feel its not a big concern long term and leave it there?
Imo: With the steth being used as collateral, and a lot of the protocols blowing up.
I just simply de-risked steth to eth.
Been around since the WSPB days and continue to be thankful for everything that you post. Well worth the money to subscribe, just submitted for year 2. Still at NGMI levels, but getting closer every day to a GMI lifestyle. No insects, no bugs.
"Still at NGMI levels, but getting closer every day to a GMI lifestyle."
Thank you for the honest self reflection; it is encouraging because I have the same sentiment as I evolve in the crypto space.
Gotta start somewhere. When you start at home plate and had to work your ass off just to get to first base, the only way to do it is keep on keepin on.
Hall of fame post. Not a word wasted.
approaching the murderous efficiency of old WSP
"Traders" are motivated by laziness and avoiding work. It's literally the exact opposite of Jungle ethos, not sure how some of those fools got lost and ended up here.
Honestly don't understand why a ponzi collapsing is bad for crypto. People can't tell the difference between Charlie Lee selling everything and an Actual Ponzi collapsing one is long-term bad the other isn't. Insanity and causes physical stomach illness.
I think having some inflation (high single digit) and low interest rates is the solution to high government debt. Those with lots of cash and those with no savings will pay the price.
Tone is notably different this past week and assuming you're getting lots of unwarranted hate mail.
If anything, you've done more to demystify the crypto space (as well as the macro picture) to enable all of us to learn how to navigate the space and profits. Downturns are part of the risk you take on, and anyone who invests in a questionable project needs to check their risk tolerance before jumping in with a large position.
Everyone should read this post and not buy a single coin until self-custody is understood. Fade the hate and keep doing what you're doing (you don't need me to tell you, but just a word of support for us all to stay positive).
Shame you toned it down, I would have loved to read the "listen up you fucking idiots" version haha
NGMIs, let me save you all $10 monthly sub so that ya’ll can buy that shitcoin when venture cuckitals dump on you.
1) Buy BTC / ETH only, no stables
2) Buy shills like LINK, Synapse and JPEG
3) Put in cold storage, no machinsky
4) No fap
5) See you all in bukelele island in 2035
You’re welcome.
Thank you, BTB.
I’ve been through the 2018 crypto winter and really had no conviction, constant doubts…
Now, thanks to you - and of course the reality of El Salvador, Tesla and MacroStrategy - I don’t care much about the prices.
Did you hold through it all?
I held but I was in constant doubts and didn’t add anything…
same position, yes i held through the thing, continue to do so and adding
I added during crypto winter and I continue to add
Been doing my best to try and understand as much of the philosophy to crypto lately as I can. Will admit when I first got into it I was more worried about quick gains than anything and kept waiting for a big blowoff top last year that never came so I could make some quick money, but since then I've realized thats not the point as you've alluded to. These past few days was my first "a ha" moment when I realized I was thrilled at the market plummeting. The opportunity to keep stacking up low is a blessing for all who weren't around for the earlier days of crypto. Thanks for the guidance and showing us the bigger picture.
also random question, anyone have a preference of ledger vs trezor? have a nano s its been good to me but only holds 3 coins. Ordering a second wallet for my few other coins I have and debating on getting a ledger again or trying a trezor out.
I can’t give a comparison, but I can give Trezor a thumbs up. Simple interface, reasonable price.
Bowtiedscholar has a pretty detailed post on different wallets that’s worth checking out/reviewing.
If you have larger holdings there are options with more serious security you can set up, but the effort prob isn’t worth it if you’re under 10 BTC.
I think the guys from DeFi education stack have also addressed this.
Ledger Nano X seems pretty good, the connectivity and everything is solid. I can’t speak to the security and all, but ease of use is there.
How did a quant shop like Jump get involved in UST? They have been in crypto for a while now, and you think they would see the structural risk involved. Did they suffer the same as LTCM, which was mostly ego? Or did top talent leave a awhile ago and they are no longer the giga brains they were back in the day.
1.2bil gone from LFG vaults that none can account for.... i'm sure there was enough to go around for every fatcat involved. or who do you think was lining up to buy the btcs dumped at market to "hold the peg", retail or insiders? looks a good reason to be involved, a good payday..... ;)
10 year horizon makes sense. But you also target $3.5-4T marketcap to get out. Aren't the two conflicting?
It is possible I misunderstood and you meant leaving the hell app only and not selling all the coins.
No comment we'll explain whenever it happens
lol at the flea market ending.
As much as economists want to talk about the inflation rate decreasing, the compounding effects are taking a toll on most people. One positive will likely be increased interest in crypto and other alternative assets outside the current financial system. Downside is that many will want to trade, get rich quick, follow scammers who offer fake promises and argue with anon cartoon animals.
100% this. If inflation dropped to zero tomorrow people are still down significantly from a couple years ago.
Inflation going down doesn’t make your situation better, it just makes it worse slower.
Larry Kudlow just did a (positive) segment on crypto and how big regulation is coming...his interns read BTB.
1. Appreciate you!
2. DCA FTW. Lower cost basis.
3. Longer time preferences
I've always been encouraged by trader friends to use stables as a tool to escape to in times of volatility, and I used to until I started reading this stack in January. Because of you, Bull, I've since stayed away. Thanks for having our back, your efforts aren't wasted on some of us.