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Why crypto feels harder now - Nexus on news trading, Hyperliquid, and market evolution
149 Plays1 month ago
TheCryptoNexus joins the Insilico Terminal Podcast to talk about his path from blowing up trading accounts to making it back through news trading, how his style evolved from short-term scalping into more selective swing trading, and what he’s learned about risk, market structure, and surviving in crypto. The episode covers news trading, Hyperliquid, market evolution, meme coins, Bitcoin, and why making it in crypto feels harder now than it used to.
Insilico Terminal Podcast Episode 31 - Nexus
00:00 Intro, Nexus’ trading origin story from biotech stocks to crypto and short-term execution
09:20 The Luna blow-up, losing everything, rebuilding through News trading
17:25 The iPad + Twitter notification News trading setup
25:24 Discovering Hyperliquid early, trading niche perps and why DEX execution finally felt usable
35:04 Managing the Hyperliquid airdrop, risk lessons from blowing up
45:50 Crypto’s future, becoming a Bitcoin + Hyperliquid maxi
57:08 Why crypto is harder now, smarter competition and better tools
01:04:07 The downside of posting trades publicly, ego traps, Twitter pressure and final advice for traders trying to make it
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Transcript
Introduction to Crypto Nexus
00:00:14
Speaker
Welcome to a new episode of the Insilico Terminal podcast. Today my guest is the Crypto Nexus as you're you're named on on Twitter and I guess ah most people will already know who you are but I like to ask at the beginning of the episode how you would introduce yourself I would say I'm just a trader, really.
Trading Style Evolution
00:00:40
Speaker
I dabble in lots of ah lots of different types of trading, like scalping and I do a lot less of that nowadays, but I transitioned more into swing trading and... I yeah did a lot of news trading for a while. um Really just whatever's most profitable at the time. um
00:00:58
Speaker
and yeah the window of opportunity for the the kind of sector of trading changes all the time. Sometimes it's on-chain I'll do on-chain trading and sometimes it's other things.
00:01:11
Speaker
When did you get into trading? ah he was twenty twenty one I 2021. I started trading like got of everybody else. to or No, I think it was 2020 that started of trading originally um very badly on TradFi. Basically, when everybody else did. um And I was trading like biotech stuff. Like I know nothing about biotech, but I just was like, okay, these are the ones that move the most, and I'd have very little money, so I need to do that. ah And so I just did that and did very poorly. i
00:01:43
Speaker
Then had, like, periods of success, like, but, yeah, just was not a good trader. um And so then I eventually found crypto, because I saw it on, like, the Robinoad app where like, Dogecoin is moving 30% today, why am I not trading that? And so I was like, okay, i'll I'll do that instead. And I just got deeper and deeper into the rabbit hole.
00:02:04
Speaker
And I think I found like, found Crypto Twitter through one of ah one of Kobe's
Discovery of Crypto Twitter
00:02:09
Speaker
streams actually. um And then, yeah. Like an Up Only episode?
00:02:15
Speaker
ah No, it was just one of his streams. I think it was the one where he gave that i um gave that girl that was singing money. yeah Yeah. When he like used to go into other people's streams and donate to them? Yeah, yeah.
00:02:30
Speaker
I see, I see. That was Mellie B. That was her name. Mellie B. Mellie yeah. did did Did she make it? ah Yeah, she stayed in crypto for a while. like ay yeah She was like a musician or something. i think she was doing well or something.
00:02:46
Speaker
That was like a really nice period when they were just going about and then just like donating to people and giving back during the bull market. if If I had known more, I would know it was the top.
00:02:57
Speaker
yeah That's always when the most money is being given away. Everybody's being super generous. Like, wow, this such a nice space. No, it's the top. but What made you like first ah attracted to trading? Or what what kind of style did do you trade back then? like did you What was like a goal, I guess to make money in the market, but like what, how did you look at it to to do that?
Short-term vs. Long-term Trading
00:03:18
Speaker
um I was always like, just kind of, ah I would say very short term usually. um say I've always thought that it's much easier to just like predict what happens in the next five minutes versus what happens in the next like three weeks.
00:03:38
Speaker
is you just As you expand the amount of time that your time horizon is, then there's just so much more that could go wrong. like If you took a a trade like two weeks before the whole thing in Iran kicked off. Iran probably wouldn't even be on your radar as something that could possibly come up. um so like That's why I've always really preferred shorter term trades. And then I discovered just the benefits of news trading as well. um And that's what really... like
00:04:09
Speaker
helped me like grow my my portfolio and stuff, because especially with the small portfolio. like You don't really move the market at all. like you You're very inconsequential ah getting in and out. um So you don't need to to wait for a big order or a big ask to come up to to be able to fill your order or like placing limits and stuff. um and And like you have a specific reason why the this price of something will move like almost definitively i within the next couple of minutes, or usually seconds, really. it gives you a good... like
00:04:47
Speaker
just point of a catalyst to get in at. ah like A news the piece of news comes out about a specific crypto. um You take the trade and if it goes against you at all, you just accept your own right away. like It doesn't have to go very much against you. um And yes, you have very low actual risk.
Learning from Trading Mistakes
00:05:09
Speaker
I think like um when when was it in 2022? I guess this when you blew up or did did you like blow up before that already? Or I guess it was like the big I blown up a few times, but not like as badly.
00:05:22
Speaker
um it was always like enough to to like fuck me up or whatever, but like not enough to actually like sit down and like kind of take account of what what the fuck I'm doing. like It was never that like come to Jesus moment. yeah And yeah it took having that to to actually reflect and be like, okay, you're terrible at trading. Why are you doing it this way? um And like ah my instincts have always been decent, I think. um
00:05:55
Speaker
i like, yeah, not like a naturally born gifted trader, but like I do have like certain inclinations towards ah just, i I don't know, there whatever things that that have made me good. um And yeah, the problem was always just like my risk management and getting too attached to specific trade like still make mistakes like that.
00:06:23
Speaker
But like, I do limit them compared to where I used to. ah i used to be trading with 100% of my portfolio, like just yeah that's just dumb stuff. um And yeah just really growing up caused me to be like, okay, you need to change something. ah yeah how How did the blow up happen? Like you just risked ah too much of the position and got liquidated?
00:06:48
Speaker
Yeah, basically. Yeah, pretty much. i Like it was trading Luna, um like when it was imploding and i I thought there would be a short squeeze and um Yeah, it was it was already like below a cent or something. ah yeah So it was like very like long into to that implosion or whatever. I'm going to get position for like the short squeeze that I think is coming. um And yeah, I just put too much in too quickly. and
00:07:20
Speaker
It would go down a bit. good. Like, I'm getting better, like average entry price. And then it would keep going down. I'd be like, okay, maybe can you stop? ah And yeah, just just staring at it and just watching your network just drain. um And you can't look away because maybe you'll get liquidated. But like, looking is pain and you have to look and it's not fun. um And that like that long drawn out just watching the position go against you and your entire network is just going down and down and down. it was good for me, really. It was the best thing that ever happened. ah Because, yeah, I needed to experience that pain and the pain that came after that, just being super broke for a long time. Because, yeah, nothing else would have taught me. um
00:08:04
Speaker
And, um yeah, it's funny, the the short squeeze I thought was going to happen happened like literally a second and half after I closed, finally, just out of frustration. And ah it went like 7x above where I'd even entered.
00:08:18
Speaker
um yeah And yes, I would have like made a ton on that. ah But
Financial Recovery and Risk Management
00:08:24
Speaker
I just... Yeah. ah at that Even at the time, though, I was like, oh my god, like, It was obviously soul-crushing, but like yeah ah a big part of me knew like I'm so glad that I didn't catch that. like um Because you have that like kind of voice inside of you that you either like tell to shut up suppress whatever.
00:08:46
Speaker
um But yeah, like I was doing that. like I knew I needed to listen, though.
00:08:54
Speaker
how How long did it take ah from when you like entered the position until until you decided to close it? the I don't even know. like Because when that's happening, time kind of stretches out and yeah ah probably hour or two maybe. i don't know. see Might have been longer. That's not as agonizing as I expected, but still pretty much. It was probably longer to be honest. I'm shortening what I feel like it was, but it it might have been as much as I felt like it was.
00:09:25
Speaker
So how how did you come back from that? but Financially and psychologically, i guess. i From news trading FTX, actually. So another implosion. ah and um Yeah, it was basically just, a like, I saw, like, within a minute of, like, this on-chain guy, like, posting about, like, FTX withdrawals has been paused for the last, like, couple of minutes. And I was like, okay, well, I'm not...
00:09:58
Speaker
Basically, like the benefit of news trading is that if you know you're one of the first to see this news, and you can check that by like looking at the price and like making sure it's true and then i i looking at the price.
00:10:11
Speaker
um And a lot of times, you don't have time to to make sure it's true, so you just... kind of judge it based on who's posting it. um But, i yeah, so I knew this guy was like quite good. and and i stillt i I've been trying to remember who it was because I would like to thank them.
00:10:26
Speaker
But ah I still haven't been able to figure out. But, um yeah. yeah So you... Yeah, basically, I just saw that and i was like, okay, well, like, price hasn't moved and this is horrific news with with the rumors that that had been going on and stuff. Like, no one sees this news and decides to, like, buy.
00:10:48
Speaker
it's You just don't do that. And so was like, okay, like, max short, basically. um And if it went against me, I would close. And yeah shorted Sol and FTT.
00:11:02
Speaker
um And yeah, then I spent the next like 48 to 72 hours just trading every piece of news that came out. um And like, so at like when SPF tweeted that like,
00:11:18
Speaker
that Binance was going to be buying um buying them. ah i't think I longed BNB. um And then, yeah, just a bunch of different news things that came out. And yeah, i ended up turning the like 3000 into or something.
00:11:39
Speaker
But like, since ah when Luna crashed it was like in May or something I guess and FTX happened in like November I think. So you survived that time on like a couple of thousand your whole network that you were trading with? or No, i I was living with ah my now wife in London and yeah i I would have gotten like a job or just did like DoorDash or something if I was at home but I didn't have any like ah license to work or whatever. So um yeah I basically couldn't do anything. And um I was depressed like yeah just Just chilling, not really doing much, just kind of researching stuff. And um yeah it was a very sad period. And
00:12:23
Speaker
um and that I think that was also part of what helped me a lot, just kind of having to sit there and stew with it.
00:12:33
Speaker
Seems like the the best trade was actually made by your wife then. Yeah. People have said that before, yeah. yeah going to draw on and them Yeah, she's she's definitely a hodler because for a while there it did not look great.
00:12:50
Speaker
um
00:12:53
Speaker
But you you you still had the conviction that you could do it and then like FTX as the event when you 10x your money I guess made you yeah believe again that you could? Yeah, i think so. um And also just like, i like I said, news trading like is very um it's a very repeatable thing. It's not just like, oh, I think this is going to happen so long or I think this going to happen so short. ah It's like this happens, so this happens, and then Price Creek does this. And... Yeah.
00:13:25
Speaker
I always had like conviction in myself, but like it was definitely tested at that period. um yeah And there was a lot of periods where I was like, should I even have conviction myself? And... Yeah.
00:13:38
Speaker
don't know. ah tellna um It was probably more delusional at the period at that period than it was any like good reason for thinking that I was able to do it.
00:13:53
Speaker
did you Did you like learn your lesson when it kind came to risk management after that? Like after after blowing up and then... Because I guess since FTX has pretty much been up only almost.
00:14:04
Speaker
I mean after FTX it was like kind of down for a little bit but after that yeah we've been yeah kind of up only until October at least. but Yeah, definitely. like um like like Before I was like trading with like my whole net worth and stuff, and then after that happened, um i ah then like after FTX happened and I a to I had like a pretty strict rule of like only maximum of like 10% of my net worth, or it might have been 20% of the time, um but it's gone down as I've like increased the size of my portfolio. um
00:14:45
Speaker
ah Maximum of whatever percent in in any exchange at any any given time. So like if I'm profiting, then like just withdraw some. ah know And yeah, I can top up if needed, but yeah,
00:14:56
Speaker
yeah that so It's been quite strict with that since then. um i think It went down to 5% at one point, but then now it's gone up a bit as i've kind of transitioned more to swing trading and you need a bit more ah bit more padding um for your position versus just like watching it the whole time it you're in any trade.
00:15:17
Speaker
i am
00:15:20
Speaker
is it Is it true? i don't know if I'm like ah having Mandela effect or whatever with this figure because I feel like you mentioned it like a couple years ago and and I haven't seen you talking about it in a while. Did you trade on the iPad?
00:15:31
Speaker
I still do. Do you trade on an iPad? I'm on an iPad right now. Really? Yeah. but why Why do you use an iPad for trading?
00:15:42
Speaker
It's comfy, bro.
00:15:45
Speaker
You just like tap tap the screen to execute or? No, it's just some like the the iPad Magic Keyboard thing. So it's like ah keyboard case and has a trackpad as well.
00:15:58
Speaker
So I use the trackpad. ah say Interesting. yeah You can be successful with writing on an iPad. Yeah, I guess so. ah And also I i use the trackpad, but certain certain buttons are easier to click with your fingers. so I'll use both. like I'll i'll be like using the trackpad and then like sometimes there's certain things I just know, like, okay, this doesn't work that well, like or register that well. like It's pretty buggy. ah yeah Like iPadOS is.
00:16:24
Speaker
But um yeah. Have you just never like used a normal computer that much? are you used to the iPad? Or why why do you do that?
Trading Tools and Setup
00:16:34
Speaker
What's a computer? No, I'm kidding.
00:16:37
Speaker
ah But no, I'm just more used to it. And also um it's easier like just for on the go trading, like if you're traveling and stuff. like I'll still bring my laptop just in case something happens where there's like ah an airdrop where the site is buggy and you can't claim it with like the mobile interfaces and stuff like that. um and ah And most of my training is like not via an app or anything. It's it's just on Safari, which the the user agent of iPad Safari is is identical to to mac OS. So websites think that it's a Mac and so it serves you the desktop website and all that.
00:17:18
Speaker
um But i yeah, it's just um just easy and you can just... be life i sure if I don't know. it's probably not It's definitely not like ideal. I think it would probably be better if I forced myself to use a computer, but I haven't needed to.
00:17:38
Speaker
And then, like can you walk us a bit through how you go about like and a news trade, basically? I guess news trading was what what you mostly made your money with back then, or like still maybe not still but during that time. So you're just like sitting there in front of the screen for the whole day. i have like ah How does it even work if you only have an iPad? like where Where do you see the news?
00:18:02
Speaker
and Twitter notifications. Like on on the iPad or you just like split your screen on the iPad? totallyifications like ah And yeah, I would have a split screen like um i usually like between um like in Silico terminal on on the the main thing and then shout out. no And then um like there's a little thing like slide over mode, so you can have an app come from the side of the screen and like swipe it back to the side of the screen or like past the side of the screen basically to hide whenever you need to, but it it just covers up a bit of the the main thing when it's open. um
00:18:44
Speaker
instead of like changing the actual display. So yeah, whatever. um But i yes, I have that. And then also like when when Twitter is not open on the iPad, like you still get like same with iPhone, you still get notifications popping up at the top of the screen.
00:18:59
Speaker
um And like that's super delayed and it's gotten worse, I think. But ah um And also other people's like... i like TechStack or whatever has gotten better for getting quick notifications of things. But, um yes, it makes harder now, but especially back in the day, like, if you made quick decisions, then didn't really need to to have, like, the absolute fastest notification feed.
00:19:25
Speaker
um And, yes, I would just be on my iPad all the time and just... doing other things and looking for like opportunities like um in group chats or Twitter or whatever, doing on-chain trades at the same time. But then like piece of news would come up and I'd be like, oh, that's tradable. And immediately just a open up the terminal and and trade on whatever it was.
00:19:48
Speaker
And sometimes if you're late, you can still trade either like the... ah If you think it's like just bullshit news that is not really that big of a deal, you can short it. but It's a lot more dangerous than actually just longing the the news um or whatever, um like trading the initial impulse. But ah yeah, it's definitely still doable. So yeah, even if I was a little bit late, it wasn't a big deal.
00:20:15
Speaker
Why is shorting more dangerous? ah Not necessarily shorting, high but trading the non-initial impulse. um So if there's like a delay between the the news and when there's actually is a move happening?
00:20:28
Speaker
No, more more like um like, let's say, i it was more prevalent back in the day, like there would be news that would move the price, but they would very often like end up retracing it, because it was actually not really a big deal. it was just news that people like lashed onto and people traded it and no you know it's bullshit. Like a lot of people would know it's bullshit, but you'd still trade straight it. um And i yeah, like it's more dangerous because with news trading, like ah if you're trading the actual initial impulse and like, let's say you're like one of the first to trade it. And so the price hasn't moved at all since the news dropped. ah you can If it's Polish news, let's say, you long it, and if it goes down, then you close it. um
00:21:15
Speaker
But if you're going against the initial impulse, where it the news came out, the price bumped, and then ah you think that it's like unimportant news that shouldn't have bumped the price, you can short it. But then like if it goes up for a bit, well, maybe you're just early to thinking that and it will still go down, but you don't have that super tight risk reward. Yeah, I see.
00:21:41
Speaker
How did you go about ah sizing your positions? Because I guess like if if you do news trading like that, sometimes you trade really obscure coins that are kind of like small or illiquid or whatever, and you can't really size into them in the same way you do into
Adapting to Market Changes
00:21:57
Speaker
majors.
00:21:57
Speaker
That's why I've like gone away from news trading more, because um as the size has grown, um the amount of tokens I can trade has just gotten smaller and smaller. Yeah.
00:22:10
Speaker
and i Yeah, like back in the day, like that's why I said it was so good for trading like with such a like with a smaller portfolio. um and It was definitely much better a couple of years ago and there was a lot less competition. um But I still think it's the best way. i And yeah, you can just, like let's say I was trading with um ah like 10,000 or something like that. ah I can just lever up a ton. It doesn't really matter. Like um because you you I said, you have that really tight scoreboard.
00:22:44
Speaker
um If it goes against you basically at all, you just close it. and Yeah, you can be trading with like 10, 20x. You're never going to actually even let it get 5% down or anything like that. Less than 1%. And fc yeah, it was really good for that. ah But yeah, like I said, I've gone away from new trading because of that problem.
00:23:11
Speaker
what What was the transition like ah to like do a higher time frame trade? I guess it's kind of like difficult if you're used to like holding very short amounts of time. Yeah, it's been rocky and it's still ongoing.
00:23:25
Speaker
like yeah I've done good with... um like I had a good silver trade. um And that was really nice.
00:23:38
Speaker
But um yeah it's still just kind of an ongoing process, really. um Had a terrible east trade the other day, so ebbs and flows, really. But, yeah, um yeah ah
00:23:52
Speaker
There's not like anything specific can say like ah about the transition, but it's just been kind of like kind of reprogramming like one ah the time frame that I'm thinking on and and watching. and and um yeah And also just depends on the like what the market's doing. So right now, like you're not really taking any real big swing trains or anything like that. Because it's just so choppy.
00:24:15
Speaker
But i I think the real like test will be like when it's less choppy, like how I'll do with swing training that. the
00:24:24
Speaker
Do you just like ah look for trend following stuff or um My training has always been more just like ah instinctual, I would say.
00:24:34
Speaker
and So, yeah, there's no specific like a lot of looking for like a trend on this like whatever, like moving average or whatever. um Yeah, it's more just like Yeah, very instinctual like and seeing things on Twitter. I really like sentiment, actually, like although it's gotten a lot worse um because like the algorithm has shifted so much that it doesn't really apply anymore.
00:24:59
Speaker
But um it used to be quite good for for that. You could judge how early or late you were based on the buzz you saw about it on Twitter. but What made you do the silver trade then? Was it just like a gold catch up thing or? yeah Yeah. Yeah, it was mostly that really. um And it was kind of just applying the like BTC ETH like or BTC ETH alts like flow or whatever to to metals. um
00:25:30
Speaker
And um yeah, it was very like nothing like super smart or anything. Yeah, I mean, I guess that comes from like the the experience, but still ah a pretty good trade.
00:25:43
Speaker
I want to talk a bit about Hyperliquid because that's also been something that you've been associated with a lot or like a big bag of yours. um how ah when When did you first start trading on Hyperliquid?
00:25:55
Speaker
ah October 2023.
00:25:59
Speaker
Well, that's very early, right? Yeah. I don't know when it launched, but like, it's kind of like around then, right? It was, um it was like kind of the Goldilocks zone because a couple of people I know have traded on like they traded on it before I did, like in summer of 2023. And it was a lot more janky back then. um So I think I, and they ended up stop using it was like stopping using it because of that. ah And then I think like, when they would see it, like people talking about it, they'd be like, I've tried that, like, it's not very good. um
00:26:34
Speaker
And ah which is like a reasonable thing to do. Like if it's if you have a terrible experience trading there, it's like, okay, yeah, this is not good. I'll move on to something else. um But i yeah, it was like the perfect period between like early enough and also like not terrible to use and actually actually had like, okay, liquidity for the size that I had, which was not very much at the time. um no And the way I found out about it was i wanted to trade Unibot, actually. ah And back then, like, there was like, it was either a five or i think it was a 5% each way tax ah
00:27:14
Speaker
for buying and selling. um And so you had a 10% like in and out fee basically to trade it. and like the type of a trader I am, like I'm in and out really quite quickly. Like it's a lot to overcome for each trade. um And... Yeah, basically, Hyperliquid was listed, or Unibot was listed on Hyperliquid as, like, one of the first, um like, hyperps or whatever I think they called it. Yeah.
00:27:41
Speaker
a And basically, like, the the few market makers that there were at the time, they would quote, like, 5% below and 5% above, um a little bit more. But ah anybody that wanted to get filled quickly would... would i not cross the thread, but they would um just quote a little bit closer. and And so yeah, you could get fills and just watch, like, for anybody quoting closer and kick those off um if you wanted to get a position either way. ah And yeah, it made it, like, just discounted the fees that I was trading to trade Unibot. And then after that, I was trading, like, the Frontech Perp.
00:28:25
Speaker
And... and friend yeah Yeah, I just remember that that was a thing. I kind of like, yeah, that era for for first era. That was a very cursor. i didn't even i kind of forgot that that they even had a token or that there were like perps on it.
00:28:39
Speaker
Oh, no, this was a this was before there was a token. It was ah a perp of the um like the points like top users or whatever um and basically betting on their share price going down that was running it. So yeah.
00:28:55
Speaker
Oh, wow. That's a crazy market. Yeah. Yeah, there was some mix up at the time, like ah they changed the like the
Decentralized vs. Centralized Trading
00:29:06
Speaker
like what the French Perp was based on like overnight um and it like screwed a lot of people over. Yeah.
00:29:12
Speaker
And apparently they refunded them, which was good. But um, Yeah, I'm also fortunate enough to to not have traded it during that because that like even even getting refunded that probably would have like put it a bit of a sour taste in my mouth like. okay But um yeah.
00:29:30
Speaker
Did you look at any other Dexes back then? Oh yeah, yeah, I'd used a bunch. um And that was like kind of what made it so clear to me that this one was different because like before that it was um i Quenta, I think, was the like current best one to trade on. um And that one was on Optimism, I think.
00:29:54
Speaker
And yeah, that was ah it was okay, but like like the fees weren't so bad as GMX was. But there was a pretty lengthy delay between like entering the position or like clicking to enter the position actually getting put in.
00:30:10
Speaker
um So yeah, that was like a huge improvement.
00:30:16
Speaker
Were the DEXs always like fast enough for you to to do the news trading? Because I feel like compared to to centralized exchanges, there's quite debater in speed. I used to trade like for news trading. i used to use um for a while like Bybit and then they kicked people off. ah um Yeah, I'm American. So they kicked off the... Allegedly.
00:30:40
Speaker
yeah Yeah, exactly. um and i yeah So I stopped trading there and then started trading on like ah like, I think it was Maxi. And i would just be religiously withdrawing any profits I made. Because I knew it was like trading on borrowed time.
00:30:59
Speaker
yeah so I was just beating them when I would want to trade. ah and Yeah, some people like thought that I was like a Mexie influencer or something like that because I would occasionally like ah post like a screenshot or something of P&L whatever, and i would crop out like my referral link because I didn't want anybody to join in. like ah But like but i wasn't not I was never trying to promote Maxxia. I was always constantly talking about how much of a scam it was. ah but I was just using it even though I knew it was a scam. um
00:31:34
Speaker
But yeah, um I ended up stopping trading there because they and they tried to crop back my money. yeah And yeah i think they stopped withdrawals, are like they paused withdrawals because of risk management or whatever on on one asset. like I was trying to withdraw e or USDC, I don't remember. But then I was like, oh, shit, like it's happening now. So then I tried to like ah like trade my USDC or ETH or whatever it was, lean into Solana and withdraw that and it worked. So they had a terrible system. They were just doing it like asset by asset. And so I had to do like 5,000 here, 5,000 on this one, 5,000 on this one. um
00:32:17
Speaker
And yeah, it was like, like I said, I had been like really just like withdrawing my ah everything that i had, like everything that i won. um go for a certain amount, but I had like a position that was going really well. And um so my actual balance in there grew quite a bit and I went through everything I could, but it was just all UPnL.
00:32:37
Speaker
um And that's when they started doing that. sin Yeah, it was like 50,000 or something like that. Way more than I've ever wanted to keep in there. Yeah. yeah So Hyperliquid kind of came like a blessing to you and then in that time.
00:32:53
Speaker
Yeah. Yeah. Put all your trading there. Yeah, exactly. um And yeah, so yeah just moved to Hyperliquid and yeah.
00:33:05
Speaker
Did you already have like like a lot of conviction back then into like that it would turn into what it is today? or was it just like a convenient place to to trade for you? I had conviction, i but not necessarily like I think because i it's hard to conceive of like it becoming so much more than what you put into it. um Like it's it's just kind of insane to to think like, oh, like you trade there and then it can be like that crazy even airdrop. So I just kind of kept those thoughts out because I don't want to be disappointed. um
00:33:44
Speaker
And i did they already have points when you started? No. Oh, wow. Yeah. Yeah. It was before Points. Points came in like December of 2023, I think. Yeah, I see.
00:33:57
Speaker
And then, um but yeah, like I always had conviction, like ah it was more than just like a convenient place some because I was like also doing um basically if if you i like post about like ah if you use my referral link, um I'll give you a 1.5x what I earn from your trading. If I was paying people to trade there, like, um on my referral, and it basically that was like thought of as i just buying points for cheap, essentially, because I would get one point for every four points that ah that people earned on my referral.
00:34:38
Speaker
and And then, i um It also made it like paying 1.5x. I was losing money technically for every trade that people did there, but i earning a lot with mac quite a few points from that. um And also it made it more attractive to trade on my ref link than for anybody to self-ref.
00:34:59
Speaker
Yeah. And because, yeah, they would just get their their fees if they sell for after the cut of fees if they sell for after. But I'm paying and paying more, just made it more attractive to trade on my link. um So I tried to change that calculus for people to be like, well, I'll switch to that one.
00:35:15
Speaker
hmm.
00:35:17
Speaker
What made you like um when when the airdrop came I guess I think you kept most of it right? I sold like a third of it right away. see. Pretty much right away like at like four to five dollars or something like that. Just because like ah like I said, that like blowing up and stuff really changed my my attitude. and yeah was much more guarded with having a huge portion of my net worth in any given thing. um And even though I really liked Chaper Liquor and I thought it would do well, it was just...
00:35:52
Speaker
It terrifying having so much of my now worth just tied up in that. yeah And like I think a week before, like a couple of days before, had a nightmare of of like waking up and hyperliquid, liquidquid and like opening Twitter something, and seeing hyperliquid exploited, like all funds lost. And I was like, no. like and I was like, oh man, okay, I need to sell something right when I like right what i can a Because yeah that would have been just devastating. um but I didn't have all my money in there, but a good portion and and also like to have lost like the the points and stuff like that. and yeah um
00:36:29
Speaker
yeah I just sold it like 33% or something like that. And yeah and like I kept a lot of it. I still have good amount.
00:36:40
Speaker
dude like ah Have you ever looked at any other perp decks after Hyperliquid? Are you still interested in other venues or do you think Hyperliquid is best and there is no second I think it's going to be hard to to like top it um just because of like the like entrenched liquidity effects.
00:37:00
Speaker
But i yeah, I've traded a bit on on some of the others, like traded a bit on lighter like I think ah I treated them lighter after the the airdrop, like because I kind of had that mindset of like, oh, yeah, Hyperlux is the best. like There's no reason to look at the others. like But that was a mistake in hindsight, because I found out about it quite early. um yeah And I think just for the points alone, it would have made sense. I was just kind lazy as well.
00:37:23
Speaker
um Yeah. And so like, yeah, I've been doing a bit on others as well. Like, ah like variational, extended, a couple others. But, you know, like, they're very good. Like, there's nothing like that any of them do bad. i i like the... i like I don't know if any of the others are doing it now, but um like with the extended the um what's it called? Vault tokenization? Exactly. Yeah.
00:37:59
Speaker
Yeah, that's that's quite nice, actually. I saw you guys just integrated them the other day. So that'll be nice too. um But yet is earning while on the ah The money that you keep in ah in the exchange for collateral, that's quite nice. So, you just see it in action. and Like, okay, like that's a nice little subsidy to to my trading. Like, I lose my trading and I make money on the vault.
00:38:22
Speaker
But, yeah. yeah It's definitely like missing a bit from from all the other stuff, like the capital efficiency part. I think NATO also has it and I feel like Leiter also integrated it recently. and um um I'm not really too up to date or whatever. But I mean, it's still pretty good considering that on every other exchange, at least in the past, on every centralized, you don't get anything for holding your money on there. And you use have like all the risk of like losing it all with FTX.
00:38:52
Speaker
Yeah, I think I saw a tweet the other day like that Coinbase lets people do that like for, but I think only for like resting bids and stuff, not necessarily like money you're trading with. But yeah, yeah, so it's just, it is nice because like, yeah, in Hyperloop, I just have money sitting there and it's not doing anything while I'm not doing anything with it. So it would be nice to see that like integrators in the future.
00:39:18
Speaker
But like IP is still your your biggest holding, right? Yeah. So you're bullish on the future of Hyperliquid? Housing all of finance? Exactly. Yeah.
00:39:29
Speaker
Yeah. um I think it's like 30% of ah my portfolio now. um And then like ah just from the lessons I've learned, I've got like 50% in cash right now. ah Just in infidelity.
00:39:45
Speaker
Do you like think there's any other issues that could come about for Hyperliquid that would like de dethrone it? um Maybe like in a new venue or like some some issues with the exchange itself, how it works or whatever. it but what people did The kind of stuff people always talk about on Twitter, like mecha mechanics, how they work and stuff like that.
00:40:05
Speaker
Yeah, I think the the real risk is is less like... ay like other crypto exchange competition and more like regulatory. That's probably my like primary concern, along with like a hack or something like that.
00:40:26
Speaker
um think those are probably my main two. like concerns with hyperliquid. and Before like the the integration of like the HIP3 perps, like oil and and gold and silver and all that, yeah i my probably biggest concern was that, like okay, I can be bullish on this exchange and like think that this exchange is really good at what it does, but it's a crypto exchange. and If crypto volumes fall off a cliff, then like it can still be a good exchange, but just nobody's needing to use it um
00:40:58
Speaker
and That was like my primary concern for a while, but that's been alleviated quite a bit with the this success of HIP3. Yeah, HIP3 has really been quite game-changing for crypto as a whole, especially ah in in this like down period and when other markets are more in focus, it's like quite nice. I also really like it, ah I've i've ah said this a bunch before, but like ah getting a TrotFi broker is like so such a pain in the ass. It's so annoying, the process to... like give all your KYC information whatever and if you have money in crypto already it's just so much more convenient to just be able to trade on Hyperliquid or even on other places now where you can just like trade it for AdFa assets without knowing stuff.
00:41:42
Speaker
Yeah, yeah like fortunate I think um I've heard that it's quite a bit harder for like like in Europe and Asia as well like to to offer amp crypto profits and stuff um but like One of the only good things about being American in crypto is that it's pretty easy to off ramp and stuff. um At least with like i Bank for America, for example, asked zero questions of me um ah before before crypto had probably maxed like $3,000 in my my account. ah though And yeah then just suddenly having way more than that, just that once, they didn't ask me a single question. ah Interesting.
00:42:25
Speaker
Yeah. So they're but they don't give a shit about you. So that's great for me. um And yeah, so it's not as big of a pain, but um yeah, like also the interfaces on on like TradFi exchanges are
Changing Motivations and Beliefs
00:42:39
Speaker
horrific. Like just the worst things you ever used.
00:42:44
Speaker
the I think the the offboarding is actually has never really been that much of an issue for me, at at least so so far. I think it also depends on your bank and stuff and maybe like on the country that you live in. But it's just like the onboard, like I try to make an interactive broker's account once and then they ask you like,
00:43:01
Speaker
so many different questions about like what what do you do for work like what what is your company called and give us like your your payment history give us your birth certificate do these tests on how options work and whatever i'm just like I just want to make the account like take my take my passport and whatever and just like let me do it don um yeah y'all have you have to jump through it is so annoying Yeah, so i'm I'm very glad that HMP3 is here and and we can all all bask in in the fruits and and enjoy it and and lose my green oil.
00:43:35
Speaker
I've actually made some some money as well. Nice, nice.
00:43:40
Speaker
How have you, like, have you looked more at at other markets now that crypto has been going down a bit and you've also, like, changed your your trying trading style a bit? um I mean, silver, for example, like, that was a good example. Like, I traded gold a bit before that as well. yeah And, like, part of, like, my silver buys were, like, just i I sold gold and, like, rolled it into silver.
00:44:01
Speaker
um And, yeah, that was, like, i early 2025, I guess. um But yeah, like, i not that much. Like, I've also just not been trading that much. Kind of just been um waiting it out, basically. And also just I'm not as motivated as I used to be, like, because I used to be like trading 18 hours a day, twenty like seven days a week. um But yeah, I've definitely taken a lot of the step back.
00:44:34
Speaker
And yeah, so yeah, just mostly didn't hang out really. How has that shift been? Like i'm I'm kind of curious what you do now all day, like nowadays compared to before. Because before, i think I read some of your tweets where you like only slept every other night or some stuff like that. And so it's it's it went from like really obsessive to kind of like just chill chilling out and letting stuff come to you a bit more.
00:45:03
Speaker
I can imagine. Yeah. yeah i i think I'm at like kind have a transitionary period that where I'd like, ah and maybe like it's just the market, um but also i think it's possible that it's like my obsession with crypto has has like faded a bit. um So, yeah like said, it could change like with the market getting like heating up more and having more opportunity in it. um But also, like if not, like i'll I think inevitably I'll find something else likeek that I get obsessed about.
00:45:34
Speaker
and yeah Because before crypto, is like ah I was running like a Minecraft server for a living of when I was younger. i yeah and um Yeah, I went into crypto and then I'm sure something else will come up. But yeah thankfully, like I don't need to be like rushing to find the next thing that I'm interested in. I can kind of just wait and see my error.
00:46:03
Speaker
What are your current views on on the future of crypto? you have any like longer term, even as a short term person, long term views? i i would say like...
00:46:16
Speaker
I think everybody's kind of coming to the the realization and a lot of lot of people have come to this reality edition as well, like for me. um But like I've thought for a while now that, yeah, there's no reason for most things to be a token. um Like a lot of tokens are completely pointless.
00:46:35
Speaker
Governance doesn't really work that well. i no And yeah.
00:46:44
Speaker
that, yeah, just the endless tokenization oath of everything, and it's kind of pointless. um And that it doesn't speak well, like but or doesn't bode well for for a lot of tokens. But I still believe in Bitcoin. um As I've like been in in the industry longer, like at first I kind of thought like the Bitcoin Maxis were insane. And I still think they are like the people that like proclaim to be Bitcoin Maxis. They're kind of insane. um But like,
00:47:13
Speaker
like low-key have become more of one. um Just seeing all the... every token basically failing. um So, oh Bitcoin and Hyperliquid Maxi, I would say.
00:47:24
Speaker
ah And, yeah, had I don't know. i I think the the actual use case for like blockchain and stuff has has like shown itself in the actual the... the reason for like simultaneously the...
00:47:41
Speaker
the reason for having a token for something has kind of gone away. um Aside from, like, raising funds from idiots. which has also gotten a lot harder I guess yeah since it last they have no money left yeah the the PC market isn't really like that I mean most most stuff just goes to zero and if you if you do like high FTV launch nowadays it doesn't really like work that well anymore compared to i mean people kind of figured out the scheme so it's like why why would anyone buy that yeah basically yeah just kind of a good thing but also like
00:48:15
Speaker
Yeah. It's more fun when everything is like going up. Oh, for sure. And also like when you're like one of the like fewer people that know about the scam like and everybody else is buying into it, you can you can use that. ah Yeah.
00:48:31
Speaker
um and Oh, yeah. i There was a tweet I made a while back. It was at the height of the Mean Point season. um ah Everybody was like talking about like the value of like community networks or whatever.
00:48:49
Speaker
And it seemed like everybody was like bought in on this at at that point. ah But like yeah I was just like, yeah, this is all retarded. You guys are all idiots. And and like Yeah, I was basically saying that the whole meme coin trading thing is basically just is very similar to poker, um like the the height of the poker boom, where like but like the rake is higher, and the rake is including like people that are dumping their bundled supply on you. um
00:49:23
Speaker
And the like the outcome of having such a high rake is that like either people don't want to play anymore, or the money all eventually gets gobbled up, percent like, each percent of the time. um And then it's just in the hands of, like, Pumpfun or a Photon or whatever, like, like me and Quentin Cherno, you're using because the fees are very high on those. um And yeah yeah, it's just the the hot ball of money just gets coupled the way ahead.
00:49:57
Speaker
You just made me remember how hilarious it actually is, especially looking from today and and with today's meme situation that at the height, people were actually writing threats, like justifying how this is like a new cultural phenomenon. And and this this is how we're going to to financialize everything and whatever. And it's just...
00:50:17
Speaker
It was all just like stupid code to sell your bags higher as usual. But it's still think about it. There were actual PCs talking about this too. It's like, I'm going insane, I think.
00:50:30
Speaker
Yeah. This time wasn't different, I guess. it was No. i'm but I'm also pretty similar to you in that I'm like, I guess, ah a Bitcoin and a hype maxi, or that's like the only the only spot that I hold nowadays, so the only stuff that I would think is worth
Crypto Market Challenges and Opportunities
00:50:43
Speaker
buying. I've also always thought that the Bitcoin maxis are kind of insane, and I got psyoped in the, like, 2021 cycle or a bit before that the...
00:50:54
Speaker
the ETH is better or like smart contracts platforms or whatever are better and then I really just like oh maybe maybe bit Bitcoin is still better but Hyperliquid at least like offers useful stuff Hyperliquid is like a good good platform um and everything else is kind of like yeah like what what what does ETH really have but apart from like quantum resistance whatever that means so Is he quantum resistant? I don't know. i don't even know, but people have talked about the... I think Vitalik might have like written about like making it quantum resistant or something recently. um
00:51:28
Speaker
But yeah. um I still see the value of like smart contracts and stuff. um I just... Aside from like a whatever amount is necessary to like ensure like the security of the chain, i i don't know why there needs to be a like a token that that is hugely valuable and and why you need to own Ethereum. um Yeah, but I still definitely see like the value of smart contracts. so the very like ah It's a pretty valuable thing. but yeah, like it seems like more of a public good than a good business to own necessarily.
00:52:12
Speaker
Yeah. um I want to talk a bit about like, ah I guess an exchange. I think you had it with Horny a bit the last couple of days where it's like, you talked about how how like easy and and hard it is to to make it nowadays.
00:52:26
Speaker
Because you've been saying that it's been there's a lot harder to like trade and and make money or like make huge multiples nowadays than it used to be a couple of years ago.
00:52:38
Speaker
Well, you see, when you don't get a hyperlicketer drop every week... No, I'm kidding. It makes it hard. no No. um But no, it was to be honest, like i it was never intended as like a a position I was like standing on or whatever. I just was tweeting. I didn't think about it very much. like I do think it is like just objectively harder. like I don't see the argument against that, really. um Like, smart people have come into the industry and started trading, like, like really smart people.
00:53:07
Speaker
ah Like, the smartest guy at my high school, he he works at Citadel now. um And he was, like, completely super genius, dude. And, yeah, like, when people like that come in to start trading against you, and they're your counterparty,
00:53:22
Speaker
your odds are much worse than they were in the past. um I think that's, like, just definitively true. um so i don't i don't actually see the argument against it. Like, uh...
00:53:35
Speaker
i think I think he like interpreted my post as one of the Doomer ones of like, oh, it's so hard to make it nowadays. You're a cook to a new person reading this. um But it was never meant to that. It was just a random post. You have two more weeks to make it all of the. Exactly. class and yeah it's I think he might have like seen it as that, but it was never intended as that. It was just like, yeah, it's harder.
00:53:57
Speaker
um i But um you definitely still can. like and there's there's always gonna be like i'm not always i don't know but um There's often like opportunities in certain pockets of the market. like um And yeah I think that there will probably continue to be, even if they are like ah more spread out and they harder to find, like get get better, I guess. And I think like people that have been in the street industry for longer, like have gotten better as well so that that definitely does like uh offset some of the the skill increase needed um but yeah i feel like you can always make kind of make an argument for both things a little bit because uh i think it is more difficult because there's like less opportunity i feel like always when there's like a bear market or something there's kind of like less opportunity but um in
00:54:53
Speaker
like if you compare it at all of the the exchanges and the tools and whatever back then to what there is now, there's obviously also like a vast difference between like the risk that you that you have to take for all of that. And also like in in hindsight, like when you look from from now back then, everything that happened always seems kind of obvious.
00:55:11
Speaker
But i at at the time, it's really like not that obvious. like right Right now, we could there could be like a really obvious play of of what's going to happen and it would make you an insane amount of money by the end of the year, but we don't know what it is. But like at the end of the year, we're going to be like... With the right time, you'll a billionaire.
00:55:28
Speaker
Like what what what if did right now is the easiest time to make money ever and we just don't know this. I don't think that's...
00:55:37
Speaker
I mean, and not none of the economic data is really pointing that way, but... the Yeah. um I think like and there there definitely is like ebbs and flows of like when it's easier and when harder. um And so like I try to like hedge my own like bearish thoughts on crypto with like a reminder to myself that, hey, like, yeah, we are in a bear market. Like so everybody that has ever said that like why crypto or why do you need crypto, all these things like has been like proven wrong and some like in some way um by like a new bull. And I think there probably will be another like bull market. um Yeah. Or at least like a period of opportunity that's higher than it it is now. um i
00:56:22
Speaker
But yeah, like and and your point about like tooling and stuff like that's definitely true. Like um and it kind of is it reminds me a bit of the ah the trade that would often happen where like on chain where like before there was like much like tooling or infrastructure set up for bridging to any chain.
00:56:42
Speaker
ah That's when the opportunity was highest. Like if you bridge using like the when you had to call the contract to bridge instead of like going a website and just clicking bridge and you bought the tokens then and like the people that that use the easier tooling would come later. um i But yeah, like So I think the the tooling is kind of a double-edged sword. Like it's easier to click buttons and do the things that you want to do ah versus having to like figure it out more. But it also means that like there's more people in the market, including smart, really smart people. um Yeah.
00:57:19
Speaker
But yeah. I think i've said I've said this before on here, but I talked to someone, i don't know who it was, or maybe it was like with Marusha privately or whatever. But have you have ever played League of Legends?
00:57:30
Speaker
Yeah. like i played I started playing in Season 3 and now it's Season 16 or whatever, I guess. and then like if If you were like Silver or like a low rank and in Season 3, the level of player was extremely bad. like they They don't know what they're doing at all and in the game. And nowadays silver players kind of like are like way better than silver players back then. Because say the general level of skill in the game has like risen a lot. And I think it's the same with crypto. Like the general participant just knows a lot more than they did like 10 years ago or even five years ago.
00:58:05
Speaker
Absolutely. Which like yeah increases the the skill that you need to like get outsized returns. Mm-hmm. Yeah, yeah, I think that's definitely true. Like just we are also like we're in a bit of of a bubble like of crypto Twitter, like because occasionally I'll i'll go on Reddit or something for some reason. um And I've got Reddit is terrible. I know. Yeah, it's hilarious. That's where I started in crypto. like Yeah, me too. Yeah.
00:58:33
Speaker
And I was like, i was wondering, like I spent probably like a few months at least wondering like like I'm just so interesting. Like, why is everybody that that's in it just a complete retard?
00:58:46
Speaker
And I was just on a our life cryptocurrency or whatever, like and eventually find like, thank God I found out like that there the existed other corners of the market where people weren't so dumb. um But yeah, like so I i do wonder like how much the actual like just regular person knowledge of crypto is like that dabbles in the market. But yeah, like yeah as far as like people that are trading on chain and like on Twitter and stuff, um they've definitely gotten smarter and and better. So you have to if to increase your skill faster than everybody else.
00:59:21
Speaker
and that's when used to ahll go ahead and go gone okay ah Yeah, part of why I spent so much time like training when I started, like doing the eighteen hours a day stuff like because i knew that i was late i to the industry as a whole. Like, I was like, OK, well, like there's some people that have been trading this since 2014 or whatever, 2013.
00:59:43
Speaker
funny thirteen um Then there's some people that have been trading since 2017. And yeah, I know so much less than them and have so much like prior like knowledge about the industry as a whole. Like there's like a read Alio thing about like the another one of those kind of thing. um where you see something that has happened in history and you see, oh, okay, it's just another one of those and you can categorize it mentally as that. um And i i think it's very useful for like the next like Flavor the Month scam you see and, oh, it's another one of those, like but I can profit from it yeah like doing this. If I had done that the last time, it would have worked. um And so I just tried to like familiarize myself with like a lot of crypto history stuff. like um
01:00:33
Speaker
and finding like ah like posts and like forums and stuff of people talking about it in in that moment. Because, like you said, like it's all it's easy to like look at at the past and like, well, obviously, like Bitcoin would win the the for the like hard fork or the block size wars or whatever. um But i at the time, like there was so much discussion and like so much noise and stuff about like, oh, well, this one is like actually updating with the future and and things like that. like um where it just kind of gives you some a bit more perspective on and how things have gotten to where they are and how things might play out in the future.
01:01:12
Speaker
Maybe there's like a timeline where where Bitcoin Cash is actually the world reserve currency right now and we're all using it to transact every day. with That timeline is in the future. It's still going to win now. I mean, even know what that is about. But like what does
01:01:29
Speaker
i don't even i don't even know What that is about
01:01:34
Speaker
yeah but like what what what is it what does it do what what different about it now I think it was like Craig Wright or something. um Yeah. Maybe he's he's involved in that. But ah there's one guy that's like a notorious scammer. um i That ah was like wade Roger Ver. Is it him? Yeah. Yeah. Yeah. I think it was him.
01:01:56
Speaker
yeah Yeah. Wasn't he no what what no what what wasn't he though the Bitcoin Cash guy though? It might have been. I don't know. It was a long time ago i was looking into this.
01:02:07
Speaker
But yeah. That's when I was on Reddit and reading on r slash cryptocurrency about this stuff going on. and like yeah like twenty In 2021, I discovered Twitter. and then like ah Looking back, like on Twitter, people were talking about like um open interests and and positions and like actual trading of how price would develop and whatever. And if you go on subreddit, it's still just like...
01:02:34
Speaker
like I remember the the cope and on Solana on the subreddit was actually crazy during like the the last cycle. like the the people Because Solana had like these network outages back then in 2021.
01:02:46
Speaker
So that they were like, yeah, so it's it's worse. It's say it's so bad. and And as it went up, they were always yo, why is this thing going up? who How can anyone use this? It's not properly decentralized. Exactly. They're just like so out of touch with what's actually happening. And they have no idea why there's like... but Every time the price moves, there's like some form of narrative that gets posted in the subreddit of this Chinese whale did this, this guy did that, this happened, that got banned here, and whatever. like is It's so detached from reality. But if you're on just on Reddit, this is all you get. Like, this is just your reality. This is what you think is true.
01:03:18
Speaker
yeah Yeah, it's crazy. like ah And recently I went and um I saw that they were like there were people talking about open interest now. So it kind of proves your thing about like the silver players. They're much better than they were used they used to. history it's getting It's like trickling down.
01:03:33
Speaker
Yeah, if SPF gets a pardon, he's going to go down to bronze, I think. Wasn't he bronze? Wasn't he like really bad? I think he was Silver 3 or something like that. But like he's been playing League for a long time and it's like come on dude. Yeah with like 5k games or something. Yeah.
01:03:50
Speaker
Yeah. yeah we should We should have known man. We should have known. There were signs where they were signs. I want to ask but like one more thing. um Because you are someone that is like very but has been like very public with their with their trading. like You've always done your net worth updates and your very often you like tweet out your positions and stuff like that.
01:04:10
Speaker
do you ever like ah Did you ever feel like any negative effects of that? did like Did you ever feel like pressure or like negative comments? or Yeah. And yeah results from that.
01:04:23
Speaker
um A lot of the reason I've stopped is like I would find myself like getting too like entrenched like mentally attached to a position just because some random dude was like, you're an idiot. Like, why are you doing that? And then the go against me and I'd be like, I'm right. He's not right. Like, and like, It's just like, why am I losing money because of some random dude on Twitter? ah And yeah, letting that affect my trading. um So that would happen. And like, ah also, I think it's just kind of the fact of like your Twitter account getting too big, like, um if it stays within like a small little like circle of people that all know each other and all like each other. And like um you want the best for each other and things like that, like ah
01:05:07
Speaker
That's really good and it's quite nice. because You can just talk and like with your peers versus like if it escapes containment of that. ah And it tends to happen when you have like more followers, because more people will like it. And so then it has enough to to escape that, like, it's like escape velocity out of that circle or sphere or whatever. yeah um And yeah, you just get a lot of lot more people who um they might follow you because you're a big account or whatever, i but secretly they hate you. um Or like people that don't follow you will see your tweets and and things like that. And just having that like negative energy. um yeah And also like I was like, ah I would post like
01:05:55
Speaker
um like quite like confidently and stuff like because i I've always like had a lot of confidence myself, but um i when I was like the the small fish or whatever, I think that's a lot more like likable. um And when when you're like, have like made it or whatever, like and you're still like tweeting in the same way, you might feel the same way, but you shouldn't talk about it because like, yeah, that's just annoying. And like, people don't like you ah for good reason, I think like, because yeah I still had that like underdog like energy, the chip on my shoulder and stuff. I still do. But like, you know, we want to hear about it from the guy that like made it or whatever. um You just come off like an asshole.
01:06:36
Speaker
ah And yeah, so that that's part of like, um I stopped like talking like that. And um he said, I didn't want it to like translate into real life as well. I'm like being in just an air gas, a lot human alright And um yeah like also just with the the the lack of opportunity lately, like or the the lower amount of opportunity, and yeah there's just been not that much to talk about. um Yeah.
01:07:06
Speaker
yeah
01:07:09
Speaker
I just want to say you're very nice in real life. I wouldn't say come off as that bad, but you're a bit nicer than you would expect from how you tweet. But you're also not that bad of an account. I honestly think there are some accounts that are like,
01:07:30
Speaker
I don't know. I don't want to say too much. Just like some people that like suck themselves off so much. It's kind of like to the point of like, yo, you know, did if if you're that good of a trader, just just take the money, you know, you don't need to do the boasting all the time. was on Yeah. Yeah.
01:07:48
Speaker
Yeah, and a lot of that... I mean, everyone is probably like nice in real life, but it's still a bit... If you only know they count... Like, for example, even Sadstar, it's like one of my my best friends though, but even before I met him in real life, I was kind of like, he seems kind of like an asshole as well. Dude, he's so nice. Like, I love him. yeah He's great. um and That was the first time meeting him as well in Canton.
01:08:08
Speaker
But yeah... um I think part of it, like like, my treating like that and stuff um is partly because, like... i Twitter is kind of an adversarial platform a lot of the time. like where And also I just enjoy talking on people. quite fun. It's fun. It is fun. yeah You come can't say anything against it. Yeah. i And so I enjoy doing it. like People like message me like privately and be like, bro, just don't pay them any mind or whatever. I'm like, dude, no, I'm enjoying this. This is fun. That's the best part of Twitter. Yeah. um And so like, yeah, there's that. And then also like when I was like, i just like building up and stuff like that, building up portfolio, all that, um it was it was quite helpful, I think, to um
01:09:01
Speaker
post confidently, like, um because I was kind of like building myself up mentally. um And you have some accountability too, I guess. Yeah, yeah, as well that as well. um And also, um yeah, for a while, I think it improved my trading until there became ah so many people like ah just hating on it no matter what. it um i Because, yeah, i would it would it was kind of an incentive to to do well because like I don't want ah to post bad trades.
01:09:34
Speaker
Yeah. an airre
01:09:39
Speaker
I think we're a good point to to wrap it up. Do you have any um anything to shield, any any final pieces of wisdom to impart it on people?
01:09:53
Speaker
Hyperlecute Connexus.
01:09:57
Speaker
On in Silico Terminal. Yes, yes. through Through in Silico Terminal.
01:10:04
Speaker
But no, um I think just a yeah for people that like maybe um are still like in their journey like to to making it or whatever, would say Don't don't like give up hope. um I was at a point where in 2022 were yeah, a lot of people like very reasonably so would have would have said like, yeah, maybe you just the stop trying. um
01:10:36
Speaker
think a I was very fortunate for it to work out, like but there's also like lots of ways I couldn't have, I think. um But, um yeah, if you are like if there's a reason, like any reason at all, why you think that you will make a good trader, because for some people, like you which probably won't end up being a good trader because it takes a specific type of mindset and type of person. If you're too emotional about things, then yes, it's pretty cooked, so I'm sorry. ah but i Unless you can change that, I guess. But um yeah like for the people that actually do have that like core that you could shape into a good trader, just like keep trying try new things and um be curious, I guess.
01:11:22
Speaker
I think that's some some good words to depart with. Thank you very much for for coming on. Yeah, absolutely. And goodbye everyone.