can never leave
Moon, PA
Joined July 2021
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have been eating shit on gold for a while now but think it's finally almost time to size up massively on this trade
nothing stops this train..
There are always good reasons to DCA or buy certain assets any time however sometimes better opportunities present themselves
Gold today at 3870 is first time its hit a asymmetry level in a while
Downside looks like circa 10%ish while upside seems multiples
While there is many reasons for short term selling ie higher rates, some smaller countries selling etc the long term arc is stronger than ever
For eg Central bank buying by China in Sept was its largest monthly purchase in 3 years - The big trends are in full play
Also the stars seem aligned with BTC aswell that its also presenting a circa 10% downside for multiples upside to - an the strength it has despite the news shows that its stronger than people imagine
I think for people who are offside or not positioned the way they want on the multiple year horizons in these 2 assets its a time window of opportunity over the coming few months
As a side note the other main asset class I also talk about, the "digital monopolies" have not presented an asymmetric adding opportunity in a while (separate to DCA or balancings)- I suspect such an opportunity will come in the next couple years
These things require a lot of patience with very long term thinking and you also dont want to get cute ie "well if it could drop another 10% il just wait" - it can also not do that. Remember that when most people try time ATL they end up buying ATH instead
BTW gold which is considered a "safe" asset is down circa 30% from top - if you cant stomach 30% volatility you cannot be investing at all
4 things to generally consider when investing:
1)Can be wrong so consider larger downside possibility aswell as the fact it may not go down at all
2)Own multiple assets
3)Get your time horizon right - volatility in itself is not risk but if you become a forced seller because you dont have liquidity to last you can get stuck
4)Investing long term - years to decades is only with money you dont need now- do not risk capital you need in 6 months thinking it will all work out - this is not a trade
camel retweeted
There are always good reasons to DCA or buy certain assets any time however sometimes better opportunities present themselves
Gold today at 3870 is first time its hit a asymmetry level in a while
Downside looks like circa 10%ish while upside seems multiples
While there is many reasons for short term selling ie higher rates, some smaller countries selling etc the long term arc is stronger than ever
For eg Central bank buying by China in Sept was its largest monthly purchase in 3 years - The big trends are in full play
Also the stars seem aligned with BTC aswell that its also presenting a circa 10% downside for multiples upside to - an the strength it has despite the news shows that its stronger than people imagine
I think for people who are offside or not positioned the way they want on the multiple year horizons in these 2 assets its a time window of opportunity over the coming few months
As a side note the other main asset class I also talk about, the "digital monopolies" have not presented an asymmetric adding opportunity in a while (separate to DCA or balancings)- I suspect such an opportunity will come in the next couple years
These things require a lot of patience with very long term thinking and you also dont want to get cute ie "well if it could drop another 10% il just wait" - it can also not do that. Remember that when most people try time ATL they end up buying ATH instead
BTW gold which is considered a "safe" asset is down circa 30% from top - if you cant stomach 30% volatility you cannot be investing at all
4 things to generally consider when investing:
1)Can be wrong so consider larger downside possibility aswell as the fact it may not go down at all
2)Own multiple assets
3)Get your time horizon right - volatility in itself is not risk but if you become a forced seller because you dont have liquidity to last you can get stuck
4)Investing long term - years to decades is only with money you dont need now- do not risk capital you need in 6 months thinking it will all work out - this is not a trade
this is big for $wld i suppose
they’re cooking
Breaking: World ID plugin is already live in Codex 👀
you can now prove you're human right inside OpenAI's tools
much more to come. this may be the beginning of something big 🌍 $WLD
how to install: just tell Codex
"Install this plugin: github.com/worldcoin/world-i…"
then say "Connect my World ID" ✅
this is a mega skillset
i used to try and do this back in the day
Based16z says Ansem has a venture capitalist-like ability to spot promising Twitter accounts before they become popular
“Ansem is definitely the best in the world at this. This is maybe actually one of his best skills”
“He found my account and he didn't know it was me IRL when I had like 3,000 followers and started being like oh you have some good ideas”
“He finds these other accounts that are way better than me just like instantly. He has that venture ability on Twitter accounts”
active management is the only way unfortunately
Great pod, would highly recommend
Interview with @SoskaKyle to discuss the generational HYPE trade, what it's like trading with @ThinkingUSD, and how to make it this cycle.
0:00 Bull or Bear Market?
2:49 Kyle’s Journey into Crypto
8:44 “Would You Be Right or Make Money?”
15:52 Teaming up with Flood
21:01 The Famous $HYPE Trade
36:02 Bitcoin and the Quantum Problem
43:20 $ZEC vs $BTC
46:30 Selling All Their $ETH
52:53 Crypto’s Real PMF
1:00:05 Are Great Traders Born or Made?
1:11:11 Memorable Trade (A Painful One)
1:21:39 Cycle Skip Theory vs 4 Year Cycle
1:26:50 Midcurve Traps & Onchain Metas
1:31:40 Hardest Lessons & How to Make It
1:37:55 Managing Tilt & the Art of Selling
1:49:02 Regrets and Final Words of Wisdom
new metadao launch is quite interesting
currently trading below ico price, it's trading at a 1.2m fdv and 500k mcap
based on reported revenue from their 3 months being live, they've made 300k in revenue
founder is the ex backpack CMO which is p bullish
mispriced
solana:syQqkspvb2PRr1meJ5pJDmhgxwc4hUou2TMjjrTmeta
I’m absolutely certain I’m not gonna move my assets to starknet and use that as a bunker when encryption breaks lol
having said that, they probably crime it up in the short term
everyone saying banks are under more threat than crypto with quantum…
can’t banks just snapshot the time of the attack and reverse all transactions following this?
surely it must be possible? Same way they reverse a fraudulent credit card payment?
what am I missing?