On crypto cycles
When it comes to managing spot bags in crypto, your success is determined by your ability to manage your emotions during periods of high volatility, and your boredom during periods of low volatility.
What makes things worse is that crypto markets only operate at the two volatility extremes -- rarely does it spend time in between.
During periods of high volatility, your dopamine receptors work in overdrive. And what follows are weeks (sometimes months) of inaction - the markets trade within the tightest of ranges.
You know what this is similar to? Repeatedly overcoming addiction:
Big market move (dopamine spike, getting high)
Ranging markets (withdrawal)
Big market move (relapse) ... over and over again
This is why all the OGs only have one piece of advice -- survive.
