Category: Uncategorized

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In The Headlines

Drewski Wins last week’s shilling leaderboards

Dextools prove that they’re under the control of the CIA by assisting with this FUD.

Sprotos Must Win the Kraken Williams Rear Wing Takeover

Sprotos break through the 1.1ETH floor. Ps @Klutch – it’s because they’re good and cool and super underrated still.

A winner has been selected in the Sproto Coffee Design Competition.

Halloween2008 releases his stats for the first quarter of $bitcoin’s existence.

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Daily Sentiment Tracker

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The magic of compounding

I built my whole investment account out of $20 profits from videogame sales. I’m gonna giggle when, some day in the not so distant future, I retire because of the work I did these last couple of years. People wanna believe there’s some magical replacement for work, but there isn’t one. Just do some, every day, until you’ve built what you wanted.

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Plan B interview

I watched this one tonight. I think it’s helpful to temper the bullishness of the moment with a bit of realism. Helpful, if something of a bitter pill. We all wanna get rich quick. It sucks to think Bitcoin might be stuck around 100k for the next decade. Like how am I gonna get rich at that rate? But in the end you can’t depend on anyone, or anything.

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Daily Sentiment Tracker

NFTs are roaring back to life. I wonder how much oxygen the suck out of the system this time…
One of the sporting world’s biggest names takes his payment in crypto.
lol

So, overall I’m gonna say bullish again. Except for this guy

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Reject Consumerism

It is telling, that government agencies and institutions refer to the population of their countries as “consumers”. Have you ever stopped to consider the horrifying implications of that title? Consumer. Like a plague locust. Like a cancer. Consumer.

That’s what they think you are. Maybe they’re right, maybe they’re wrong. But the title of consumer goes on you because that’s what they think everyone else is. They don’t know you, but they know everyone else. And today, everyone’s a consumer.

What are you buying? When are you gonna get the new one? Did you go shopping on the weekend? What did you get? This is consumer culture, and it’s all-pervasive. There are places in the world where you’re more likely to see advertising than sunlight.

Personally I’m not interested. My goal is not any specific “stuff”. I don’t need a new phone, a new car, a new house. I’m in this to build a machine that sets me free. Consumerism is the slippery slope that leads down to a place that never lets go. A place of restless hunger, a weary search for the stuff that finally makes you feel alright.

Consumerism is socially acceptable methamphetamine that lets you keep your teeth. That’s why they make the models smile in the ads. Sure, you think life sucks right now. But after you get the iPhone 15 you’re finally gonna feel alright. It’ll all make sense. You’ll smile too.

It’s all a lie. There’s no item you can buy that’ll make you feel better. They hope you’ll keep buying without figuring it out. But the only thing that’s gonna make you feel better is building a lifestyle in which you pursue significance, rather than products. That takes having time. You wanna know how to get time? By not wasting your money on every piece of shiny new BS that they advertise. By rejecting consumerism.

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How I made my money

I wrote this earlier today, and of course it bombed. People don’t wanna make money I swear. This is the basics of the system I used to build a six figure investment fund in two years. While paying a mortgage, while working a job, and while not even getting divorced.

Here are the steps.

1. Know the market price. You can get price data from all over the internet. Make sure it’s sale prices not asking prices. I can ask $20k for my used toilet water. It doesn’t matter what I ask if no one’s paying.

2. Find an advantage in the market. There are lots of ways to do this. Are you faster at buying? Do you recognize deals before anyone else? Is your product knowledge broader and more accurate? Get an advantage, and if you don’t have one MAKE ONE.

3. Price your profit in when you buy. Don’t buy at market price. If you’re following my method you’re a trader, not an investor. That means you can’t rely on the hope of a “greater fool” to come along and save you from your stupid buys. You gotta buy below market.

4. Sell comfortably. You know your market, you exploited your advantage, you bought lower than everyone else. Now you can’t help but make money. Put yourself in a position where winning is easy. And then take your profit.

5. Invest the profits. I didn’t write this step on twitter. This is the BIG key. Use your profits to buy further profits, in the form of asset appreciation, cash flow, dividends, ect. If you follow these steps for 5 years you will have plenty.

Wanna know more? I wrote a whole textbook about how I applied these steps. Specifics, in detail. Click this link to buy.

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Daily Sentiment Tracker

Today’s sentiment: bullish.

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Raoul Pal’s 5 Minute Pitch for ETH

I enjoyed Raoul Pal’s summary of the buying case for ETH. I like ETH but I don’t have Raoul’s conviction. Yes, I am neck deep in ETH. It still feels like a gamble to me though.

Raoul briefly covers his thesis for ETH here, saying that its network growth is twice as fast as Bitcoin’s. Network effects are what drive these kinds of projects forward. You can have the greatest system but without users it does nothing. So I’m glad to know that ETH is growing fast. I see this week’s resurgence of NFT hype as a good sign for the near term price of ETH.