Zeneca pfp
Zeneca
@zen
I round tripped 8 figures last cycle. A few things I learned: - It’s almost always better to sell too early and miss out on gains, then to hold too long and round trip the bag. This is because eventually, almost everything trends to zero, so even your “early sell” is likely going to make you look like a genius in a few months/years - If you ever take a PnL screenshot of how much you’re up, sell. You don’t have to sell your entire position, but it’s usually an excellent time to at least trim 20-50% of it. - Most people on this app have absolutely no idea what they’re talking about. Often the loudest and most confident voices know the least, while the quiet and self questioning ones are full of wisdom. - You can’t borrow conviction. If you buy something because someone else did or told you it was “a hidden gem”, you’re almost guaranteed to fumble the bag. They’ll dump on your head while you’re still anxiously waiting for their next tweet or YouTube video to tell you what to do.
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Zeneca pfp
Zeneca
@zen
- Stop trying to impress people. This is just good general life advice, but it applies triply so to this space. Wanting to impress your friends and family is one thing, wanted to impress random anons on the internet? Insanity. - There’s Bitcoin, and then there’s everything else. It took me too long to truly realize this. Yes alts can and will occasionally outperform - sometimes for long stretches of time - but basically everything bleeds to Bitcoin over the long run. - Most people try to outperform Bitcoin by trading these alts; probably leas than 5% of people can actually accomplish this. It’s like trying to outperform the S&P 500. Most people are better off just buying the index.
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L3MBDA pfp
L3MBDA
@l3mbda
one of the most valuable advice I’ve seen for navigating the wild world of crypto
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Symbiotech.⌐◨-◨🟡🎩 pfp
Symbiotech.⌐◨-◨🟡🎩
@symbiotech
sage advice. it's a mental game
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derek ↑ pfp
derek ↑
@derek.eth
ok banger thread
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matthewb pfp
matthewb
@matthewb
good thread, thanks for sharing
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nick.base.eth pfp
nick.base.eth
@nickprince.eth
Super insightful. What a gift for you to be sharing, especially for first cyclers
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Shihao pfp
Shihao
@shihao
"There’s Bitcoin, and then there’s everything else." - 100% agree, bitcoin is the settlement layer for all crypto similar to USD is the settlement layer for most of the world's trade & finance. Better yet, btc supply cannot be manipulated and the asset itself is not subject to control by any jurisdiction in the world.
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Horizon pfp
Horizon
@horizonwireless
Isn’t it interesting though that this post was made possible by Ethereum and not Bitcoin? When is Warpcast going to work on BTC?
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dude pfp
dude
@imthedude
if i screenshot i sell its simple
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Specktacular Cast ⛏️🐸🔵 pfp
Specktacular Cast ⛏️🐸🔵
@specktacular
Thank you for sharing the experience, so we all can learn. We all work with the same basic operating system of our - sometimes gullible - minds. Learning helps, but our psychology and "group think" can still make us be less successful. Did most of my mistakes last cycle, but still managed to make some bad decisions.
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DV pfp
DV
@degenveteran.eth
Sound advice having lived through last cycle and still here to say... 💯% agree!
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Asef pfp
Asef
@asefazi
I'm guilty of taking a screenshot and round tripping that money lately 🫠
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Ael pfp
Ael
@0xael.eth
It's not as simple as that, everyone selling early is how you end up with charts from pumpdotfun If nobody is selling, you end up with charts like Bitcoin, and you can collateralize it and use your "profits" without selling Most tokens fall somewhere in between. However, big Farcaster tokens are not worth selling at all like $CLANKER, $BNKR, $TN100x, $DEGEN, $MOXIE
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