Input of information = absorbing information or entertainment Output of information = writing, creating, thinking Neutral = nothing is happening in the mind.
A neutral state is when your brain has space to work and generate new ideas.
That's why some of your best ideas come to you when you are taking a shower.
Over the past two decades, the amount of "neutral" time has disappeared.
We can hardly eat or stand in line without needing stimulation.
Why? Because we can instantly get stimulation through the magical device in our pocket. There is a price to pay for this.
Overstimulation is a weakness.
TikTok, YouTube Shorts, Telegram, and Discord have turned us into dopamine addicts.
You feel like you have to do something every day, instead of just relaxing.
An American brokerage firm, Hidden Road, supported by Citadel Securities, will stop offering its clients access to Bybit, the third largest cryptocurrency exchange by volume.
Hidden Road informed its clients of this decision a few weeks ago. This move was prompted by disagreements between the two companies regarding Bybit's Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.#EarnFreeCrypto2024 #BTC #BNB #Bybit
- $UNI - Voting on the inclusion of the Uniswap fee splitting mechanism will begin on May 31. - $SEI - Sei V2 will launch on May 27. This update will turn Sei into a high-performance parallelized EVM. - $LINK - On May 30, Chainlink and Swift will hold a discussion on tokenization. Rumor has it that Chainlink will also make a big announcement. - $MOE - Merchant Moe, the main DEX on Mantle, will activate fee splitting for $MOE stakers next week. - $ENA - Ethena will launch 4 new DeFi integrations and announce new CEX integrations for USDe next week. - $DYDX - On June 1, $70M DYDX will be unlocked. This is 12% of its circulating supply.
After a strong upward movement, don't look for large pullbacks to buy.
If the move is justified, it shouldn't immediately* pull back significantly - if it does, it's a sign of weakness.
Instead, shallow pullbacks and/or entries on lower time frames should be prioritized.
It's counterintuitive, but if you think about it:
1. Breakout - a sign of strength 2. I will wait for a large pullback to buy.
If (2) works out, the likelihood that (1) is valid decreases - you are contradicting your own trading idea.
*The "immediately" part is very important - buying large pullbacks to levels after the market has cleared them and spent some time away from them is very reasonable. On the other hand, buying large pullbacks to levels immediately after a breakout increases the likelihood that you are buying a failed breakout.
Active Income — You work for money. — Requires direct participation. — Fixed work schedule. — Lower risk, but also limited earnings. — Rarely requires investment. — Stable income.
Passive Income — Money works for you. — You earn even while you sleep. — Flexible work schedule. — Higher risk, but potentially high income. — Often requires investment.
ℹ️ If you don't find a way to make money while you sleep, you will work until the end of your days.
Meme traders are the most emotional traders in any market.
Here's why:
- They never sell. - They are influenced by the opinions of their favorite authorities. - Their decisions are often based on FOMO. - They form an emotional attachment to specific coins. - They act impulsively. - They hold onto losing positions, hoping that prices will recover. - They often follow the crowd, guided by herd mentality rather than their own analysis.
To increase your chances of success, do the opposite.
- **$ETH** - The deadline for submitting an application for VanEck's spot ETH ETF expires on May 23. - **AI Coins** - NVIDIA's Q1 2024 earnings report will be released on May 22. - **$FTM** - Voting has begun on Fantom's proposal to launch a new $S token. Fantom will rebrand to Sonic, and the migration from $FTM to $S will occur at a 1:1 ratio. - **$DEAI** - Proposals for launching 3 projects on the Zero1 platform will be published soon. - **$PYTH** - $900M PYTH will be unlocked on May 20. - **$INTX** - IntentX, an OTC perpetual DEX with over 270 pairs, launches its token on May 23. - **$ENA** - The USDe stablecoin from Ethena will be integrated into Bybit next week.
If you once made your million bucks in crypto by being in the right place at the right time, you will then have to go through the downfall of the God mode.
You will inevitably return most of that money to the market. You won’t go and fix them in your life. After a sharp rise, the appetite for risk grows significantly.
And what will happen to you over the entire next cycle, you can’t even imagine.
Almost every one of your arguments will be inherently processed by the system.
And here, it would seem, is an excellent option - just buy and wait.
Yes! If you have a stable profitable business that outweighs all the top benefits of crypto that you've already tasted. Then "holding" is very simple.
But if you made money on the spot, don’t develop further, and plan to continue living “from summer to summer” - no. This won’t work unless you are a fund that has access to analytics a year ahead.
The constant situation of uncertainty will force you to make emotional decisions at least once every six months. And then try to justify your mistakes with new emotional decisions.
If you devote a lot of attention to INVESTING in crypto, you need additional income. Constant. Stable. This is an axiom.
It sounds pretentious, but it’s obviously not clear to everyone.
Especially when it comes down to it, it turns out that a person can really expect the spot to solve their systemic life issues.
I don't think memecoins should be the center of so much debate.
Their appeal is simple: they are fun, and they lack pretentious technical intricacies.
In the past, we had to wait for a listing on a CEX for something to truly gain trust and become attractive for trading, but now there are tons of ways to trade completely new things.
Altcoins have always been associated with flow, liquidity, and momentum (and their derivatives, such as volume, influence on consciousness, etc.). This may seem like a reductionist view, but it stems from the following facts:
1. If cryptocurrencies cyclically become bearish, historically there have been no "safe havens" or intra-crypto hedges against the drop. When something dies, correlations converge closer to 1, and everything dies together, regardless of the "good technology."
2. Even gems (SOL/AVAX, FOAN, DeFi 1.0, etc.) struggle to regain relevance once they've been in the spotlight, and generally lose value compared to BTC/ETH, and even more so compared to newer gems.
As a result, trading altcoins has always been more like robbing a bank: get in, take as much money as you can while conditions are good, get out, don’t return to the scene of the crime, and don’t hit the same spot twice.
From this, it logically follows that the time horizon for "investments" should be short, and loyalty (in terms of a multi-cycle perspective) should be close to 0.
So far, memecoins are coming out on top.
Perhaps this will continue, and the strong will remain strong throughout the cycle. Maybe memecoins as a category will persist, but the old guard will be pushed out. Who knows.
The point is, it doesn't matter.
Altcoins have always been a short-term (or, at best, single-cycle) grab for attention until everything dies. Memecoins are not a radical departure from this, just the latest version.
The less you train, the less you are able to train. The less you dream, the less you are able to dream. The less you feel love, the less you are able to feel love.
The more you concentrate, the more you are able to concentrate. The more you observe, the more you are able to observe. The more you discover, the more you are able to discover. #BTC #binance #Ethereum #Web3 #NFT
"One piece of advice, if you're struggling with your portfolio and holding onto something that's caught in a strong downtrend.
From a psychological standpoint, watching a position only move downward can be painful, sometimes triggering a negative spiral where you start doubting yourself, your skills, and your future.
For example, when you've exited toxic relationships that drained your energy and made you wonder if there will ever be a better partner willing to accept your love.
Letting go of relationships is hard, but sometimes it's the right step to take, to not be dependent on a potential return in the future.
The thing is, sometimes you just need to start over.
So, circling back to altcoins, just the thought of switching a position you've held in the red for a long time to another one that offers a good risk-to-reward ratio can be a great decision.
Your brain starts shedding the past 'pain', looking positively at the new trade you're making.
As a result, your energy gets a boost and prompts you to spend more time, acting more rationally and qualitatively, as you've learned lessons from previous trading mistakes, increasing the likelihood of success.
Similarly, you learn after a breakup: you start to understand what you want in relationships and what you don't.
Of course, this method should be applied after thorough chart scanning, but it's very helpful.