katexbt.hl
@katexbt
nature lover body buddhist milady extremist @avantisfi ambassador @onekeyhq ambassador/enjoyer business/partnerships/jobs: DM on here
4.3K Following    11.4K Followers
How To Survive Crypto - Financially and Mentally ⬝ not overinvest more than what you are ok with losing ⬝ always have separate income stream(s) and treat this as a hobby and fun social experimentation ⬝ never go fulltime into this unless you absolutely feel a calling (i am still doing this part time, to this day, 7 years in) ⬝ at the same time, do not be afraid to go in headfirst into something and learn by doing, there is no other way ⬝ in a post-GPT AI dominated internet, having a voice is a must and having a personal brand is preferable. ⬝ curiosity in exploring new things on-chain and new apps fails 70% of the time and results in loss of time and money but the 30% more than make up for it ⬝ FOMO comes in different sizes, on a macro and a micro level. Example: Micro - omg i missed X runner of the day Macro - i am 39 years old and i will never have a million its over for me Don't fall prey to either of these, your life is your life. ⬝ your network is your (future) net worth being connected to others who are in similar situations as you are but also are better off (and worse off, for good measure) is the biggest benefit of CT and private groupchats - this will help keep you sane and grounded when everything is up 2000% weekly and also keep you motivated and optimistic when everything is -99% monthly. i am not even talking about dealflow and business opportunities that many here are talking about. ⬝ cashing out routinely will make you appreciate what you've made and help you make even more. ⬝ many people that i know on their 3rd or 4th cycle can be considered to have 'made it', but in the sense that they've not made a bank deposit from fiat into crypto since 2020 or something. this is what it means to "make it" for the average person, and you should be glad if you ever reach that level. ⬝ share the wealth with your family, especially parents who might not have much left in terms of good health to enjoy traveling with you. ⬝ compartmentalize your wallets - use a hardware wallet (@OneKeyHQ is great and on discount quite often, code below if you need it) for long term holds, and use hot wallets for stuff that you don't have much on and value flexibility on ⬝ you don't really need to invest a whole lot in terms of crypto safety - keep backups offline and keep them safe. most people have made insane amounts of money on ipads, phones and regedit sony vaio 11" laptops (shoutout to @AWice!), you just need to have clean computing habits. ⬝ macOS is safer than windows, generally, and you should have a basic used M1 Air at the very least for convenience (easy charging, lightweight, traveling). if you run command line stuff on anything you're done for - so don't that lol. ⬝ when considering longterm altcoin investments, especially before a huge momentum upwards, you might have to wait a long time before you see them rip, but when they do, they really do. ⬝ when in doubt if selling airdrops you got, consider the following: would you be comfortable buying the amount you're selling with real money from your wages? if the answer is hell no, FSH that thing right away. ⬝ most consensus investments outside of BTC feel "blue-chip" and "safe" at their peak, and "risky garbage vapor" at their lowest, make use of that (shoutout to @0xkyle__) ⬝ crypto is incredibly inefficient and you should never succumb to pessimism and bearposting because these inefficiencies (in terms of profit that can be made) only really come to surface in a bull run - everyone wins in a bullrun (vapor infra governance holders, defi governance token holders, PoW people, memecoins, vapor from 4 cycles ago, bitcoiners, defi 20% APR supply stablecoiners) except the extremely overinvested moonboys - shoutout to @outpxce for this today. ⬝ having a pen and paper to journal some quick thoughts instead of twitter drafts or telegram drafts can work better for most people, its like having a second screen anywhere you go. ⬝ many people here are larps and unemployed people with way too much time on their hands and up to no good because that's the life they're used to - CT is generally a very spiritually empty space but the people that are glimmers of hope are worth staying for ⬝ the only weapon you have against the aforementioned larps is time and experience. ⬝ the best CT accounts post sporadically and don't seek validation at every corner, these accounts are worth following and making separate lists for - don't let anyone tell you which ones are and which ones are these accounts, you will know after you've had time and experience. ⬝ automated trading strategies or something that promises that it does most of the work for you while you sit and do nothing really never work and you end up being the yield most of the time, but in a bullrun these scams print hardest and if you're early, so will you ⬝ last cycles we didn't have tools like @ethos_network to screen for things. "blockchain remembers" is indeed real now, use it if you're in doubt of who you're seeing on the timeline. ⬝ you should be emotional about investments sometimes, but the emotions shouldn't last more than 2 business days - if they are, something is wrong with you and you shouldn't be trading. ⬝ denominate your portfolio value in yearly previous job's salaries, never ETH, BTC, SOL, HYPE, or anything - if you're worth 13 best years of your healthiest and strongest period of your life, you're fucking rich and you've made it. ⬝ daytrading is generally not advised for 97% of people, if you are doing this..you should stop. ⬝ most importantly - if you've made money that is lifechanging, even if the market is falling and that investment is worth 30% of what it was a few weeks ago, you should absolutely sell. GCR expunge your mind of your peak net worth quote goes here. ⬝ bonus GCR quote: if you've won your freedom, secure it.
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