0.00001 Nanoseconds
How quickly things can change
Super quick post from me this week because it has been a BUSY one from both a personal and professional point of view.
The good news is, the markets are up, activity has returned to the group chats, and people are feeling optimistic again.
What a difference a week and some powerful misinformation make, right?!
An important lesson I constantly remind myself of is that sentiment can literally flip in 0.0001 nanoseconds, and a narrative can be spun up from seemingly nothing.
Larry Fink going on national TV and calling BTC a flight to quality seemed impossible on the day after the FTX implosion.
I guess the main lesson here is this:
When you feel most bullish, it's usually never actually that bullish.
When you feel most bearish, it's usually never actually that bearish.
For the most part, crypto exists in the middle ground. Years of sideways movement followed by a year or so of mass exuberance or mass pain.
I've been trying for a long time to train my monkey brain to invert the emotions I feel.
When I think it's over, and I wonder why I ever joined this industry, I should be buying with ALL of my stablecoins.
When I think it's up only forever, and I’m printing money in my sleep, and so are my dumbest friends, I should be selling all my crypto for real life money in a real life bank account.
I think if you can consistently nail these two seemingly simple trades and embrace every new opportunity and narrative during the bull market, you can go from $0 to wealthy in no time.
As usual, the hardest part of doing this is battling your own internal emotions.
I guess that's why some of the best investors think more like philosophers than economists.
Anyway, have a fantastic week! I’m looking forward to testing out more crypto games next week after spending an embarrassingly large number of hours failing to beat level 3 in the Oh Baby Games beta!