The many reasons why we're not seeing 'Altseason' and why the pumps are miniscule compared to previous cycles (pick and choose any that makes sense to you):

-pump fun

-popularity of perps

-altcoin dispersion/way too many

-much lower native liquidity than…

Asymmetry in Crypto

> Hold Algo-Stable backed by large trading firm Jump.

>it goes to 0$

>Run Delta neutral strategy to "safely" collect funding.

> Get ADL'd. Lose all your Money.

>Run low Leverage long on decentralized perps exchange to be “safe”.

>Scam Wick. Get liquidated.…

Believe this is correct. The long hypergambling thesis only works when gamblers have more money, or when standing in between a rushing onset of new gamblers to a given market.

There’s a duration mismatch where the Universal Basic Gambling Chips won’t have…

understanding risk management and emotions

i made my first million in crypto in dec 2017. i was a young, undisciplined german stallion back then who thought he understood the world better than others bc i managed to make 1 mil with like 20k in one year.…

A few hard to accept truths that I think the market can handle after the past couple years of performance:

1. Prices aren't cheap. The tokens down 80% aren't cheap. The things underperforming deserve to do so.

2. 80%+ people in this space are incompetent…