Mayne Shares Why Most People Should Skip Self-Custody and Just Use ETFs
"Any insights on ETFs versus just holding native tokens? I think there’s two main considerations there."
"Consideration No. 1 is not your keys, not your coins. When you hold the coins on your cold wallet, your hot wallet, those are your coins."
"You can put them in your suitcase and you can escape the country for the tax fraud that I imagine you’re committing. You can shove it up your ass before you get taken to a jail. So those are your coins."
"Whereas if you’re holding an ETF, it’s not really yours. The ETF is holding the coins."
"Now for many people, self custody is actually very stupid. Most people do not have the ability to do self custody. It’s challenging cause it requires work. Requires you to actually manage your private keys properly, have plans in place for if things happen"
"Your house burns down, where are your private keys? Are they written on a piece of paper attached to your monitor? That’s not gonna work."
"So self custody is not necessarily right for everyone. And some of these institutions might actually be a better custodian than you. So that’s a bit of a rub there."
"I think the other consideration is tax. Depending on where you live, you can hold some of these ETFs in tax deferred instruments. So I can hold maybe an ETF in my 401k or my RRSP. Here in Canada we have something called a tax free savings account."
"Any gains you make in that account — there’s a contribution limit of course — are tax free. So bit of both. Why not both?"
Mayne Explains Why Missing the Bottom Isn’t Going to Make You Miss the Bull Run
"Yes I think crypto is in the process of bottoming but I don't think the bottom's in yet and I don't think you're gonna miss out on the bull run not going all in right now."
"I absolutely think now is a good time to pay attention to crypto because things are getting deeply discounted and the downside from here I think is getting more and more limited day by day especially as we creep closer to Q4."
"I don't want you to feel antsy like my God I gotta get all in some guy on Twitter told me I'm about to miss the bull run it's not the case."
"The bottom takes time to form you're gonna have time to buy it just pay attention lock in and now is a great time to learn to trade."
"I've not to shill my own fucking wears in the whiteboard series here but it is a really good time to learn to trade because when the bull run happens things are gonna be coming so fast that if you don't know what you're doing you're gonna just end up blindly longing anything that you see people post about on social media."
"If you can get to a point where you understand the basics of trading the basics of support and resistance of market structure you're gonna make more money in the bull run the basics of risk management you're gonna keep more money in the bull run the simplest things in trading work really well in a bull market breakouts retest basic support and resistance levels"
"it works really well when the market's ripping and if you have that baseline understanding it's gonna help you a lot make and keep more of your money."
Mayne Shares About What Creeps Him Out About Robots
"The thing that creeps me out the most about the robots is the teleoperation part of it. It will do all this stuff remotely but there's human teleoperation."
"It's autonomous for laundry flow but with teleoperation assistance when needed to guarantee we complete tasks. Does this not mean that at any point in time there could be some person somewhere in the world that they're probably working for below average wages."
"If I had to guess what type of countries these teleoperators are working out of they're not in America and they're gonna be operating this fucking robot."
"You think this thing's just folding your laundry and it's walking it's basically scooting around your house just looking around recording shit could be a person there."
"There's a concern there and I believe it was the Snapchat or the meta glasses whatever they were Zuckerberg got in a lot of trouble cause these glasses were just recording all the time and sending all the data back to the headquarters."
"You're gonna have a robot folding your laundry really it's fucking casing the joint."
Mayne Exposes The Brutal Math That Ruins Most Traders
"You're in three different trades and each one of those trades you're risking 2%. All of a sudden you have 6% risk on."
"A market that is extremely correlated means if Bitcoin nukes and you're long Bitcoin, Solana and Hyper Liquid, there's a chance all three of your trades get taken out. Instead of losing 2% you're losing six percent."
"That is something you have to be careful with. If you're gonna open a bunch of trades, skew to the lower end. Don't really go higher than 2%.Some people risk 5% on a trade. That's getting ballsy."
"Here is your break even rate. If you have $1,000 or $10,000 and you lose 5% on your account while risking 1% per trade, you have to lose five trades in a row to lose 5%. You get a 5% gain and you're back at break even."
"But if you risk 5% per trade and you lose three trades, now you need a 17% gain just to get back to break even. If you lose 10 trades in a row at 5% each, your account is now at 50% of what it was. You have to do a 100% return to get back to break even."
"This is where the math really fucks you. This is also the math for alt coins. If you're in an alt coin that's down 90 to 95% from its entry, you might need over 1,000% gain just to get back to break even. Your trading account is no different."
Mayne Shares Bitcoin's Rare Bullish Edge Over the S&P 500
If you look at these two charts just objectively in October which is the peak of top for Bitcoin we're here. The S&P grinds up while Bitcoin sells off."
"Then the S&P sells off and Bitcoin is consolidating and holds. Then we get a bottom on the S&P we get a rally on bitcoin. Bitcoin puts in a lower high fully mean reverts and the S&P just keeps trading up."
"So is this lagging? If we do get a pull back here of larger proportions is this just gonna eat shit or is there a world where Bitcoin can actually hold even go up with or without S&P 500?"
"That's gonna be something interesting to watch. Still very early but for now Bitcoin is potentially looking slightly more bullish than the S&P 500 than equities for now which is a rarity and has been something that's been not very common over the last year."