Just went to a crypto meetup where someone tried to shill everyone an AI trading bot. Please be aware of these scams, if someone really found a market edge, why would they share it with you and ask for an upfront fee rather than a share of profits after you've made money?

I think a lot of people forget that narative follows price action. It's simply missing a big part of the picture if you don't follow the price chart and only follow the news. The news doesn't trade, the market does so listen to it when it speaks.

Anyone else going to this?

BTC.D being so high doesn't mean diversification is bad. Checkout a 60/40 portfolio (60%btc 40% other top 10 coins) versus an equally weighted one of the top 10 Equal weight had 20% higher sharpe ratio (risk adjusted return)

You can do this comparo (and more) yourself at: fuzzy-brain-portfolio.streamlit.app/Portfolio_Tuner

These 'fat tails' are exactly what causes gut pain when the market moves against you. It's especially pronounced in crypto because volatility is so high, but the same phenomenon occurs in traditional equities.

The markets reaction to the Fed keeping rates where they are is interesting to me. The Fed is positioning to avoid stagflation which shows a good understanding of history. We'll see if they're ultimately succesful but so far I'd say we're on track for dovish monetary policy while

Finally $ETH is seeing some redemption. If you've been in the markets for more than 1 bull run you'll recognize that ETH does moves like this when it's starting to wake up. Don't expect a clean shot to ATH, there will be a couple corrections (buying opportunities).

Had people in trad-fi tell me there's no alpha left in $BTC because it has high correlation to equities. Some people have never heard the word 'Regime' and it shows. Commodities traders know exactly what I'm on about.

By definition: only 1 trade in a market cycle represents the top. Stop trying to be that trade. DCA and diversify.

They say Rome wasn’t built in a day But you still won’t diversify and DCA 🎶

Crypto degens 🤑 when's the last time you rebalanced your portfolio? I'll go first, 3 weeks ago.

ETH is outperforming other alts because it is the king. It has been in retracement for a long time and now is getting its moment in the sun. Even if you missed the boat this is a sign that more is to come.

Am I the only person that thinks the expression ‘take care’ sounds more like a threat than a goodbye? I thought this librarian was gonna put a hit out on me 😭

Just watched a bird fly from its tree into the water to shit then fly back. Think about that next time one shits on your car…they meant that

On my way to #bitcoin25 and the guy next to me on the plane is wearing jorts and pitvipers, we’re in for a good one folks

Technicals aside, the 'feeling' of a bull market tends to arise from people, who otherwise have no financial understanding, making incredible gains quickly