Dont get into crypto

[Selenium]

Unless u have insider info n shi ur just exit liquidity i made 400 off solana investment and i lost all cuz my retarded ass thought i was gonna make bank off buying memecoins in tiktok comments. CHAD would get insider info but my mtn ass jus goes off of incels on tiktok

 

[HighTierSubhuman]

Fully your own fault

 

[RICHCELDOM]

only the dumbest and smartest make it on memecoins.

 

[noobs]

i wish i was a influencer so i could control crypto prices

 

[lepo2317]

only the dumbest and smartest make it on memecoins.

memecoins are random as fuck. it is like hitting lottery if you want to make big profit.

 

[RICHCELDOM]

memecoins are random as fuck. it is like hitting lottery if you want to make big profit.

i know almost everything about them i even coded metadata for one.I wont say which one but i made two coins that pumped over 1m mc. I personally dont trade and pump.fun i do have a bot running but i cant really say much about it here.

 

[noodlelover]

I've made a decent amount off crypto.

The trick is to buy low, sell high.

But for real, you need to understand that every video, or tick tock, or chart analysis, or article you read is written by some of your competition.

If you blindly follow some one else's moves, it's like playing chess and seeing that your opponent moved his pawn, so you move your pawn. It doesn't make sense, you have the see the entire gameboard.

 

[JohnDoe]

Yep new people shouldn't bother with shitcoins, you'll just lose your money.

 

[noobs]

The trick is to buy low, sell high.

 

[noodlelover]

View attachment 3312169

It was a joke.

The second part is what matters.

Think of narratives like competing viruses that can grow, and die out. Humans buy because of narratives, so you need to figure out what the dominant narratives will be in the future, when you're ready to sell. What you're predicting is not the "trends" of mind viruses but their inevitable evolution.

You also have to understand that humans have differing intelligence levels, so a narrative that's too complex to grasp will not be picked up by the majority of investor's quickly.

Then there's retard level narratives that are completely predictable, because low IQ people always fall for them, which are:
"x has been going up for a long time, it's a pretty safe investment, it's time to buy".

Those scenarios create exit liquidity for large players.

Chart analysis guy's are a little smarter than the average person, these are people who look for and graph repeating patterns. Sometimes an asset will have more chart analysis guys invested, than "dumb" money, so you need to be aware of who is primarily moving the price.

Chart analysis guys are essentially making decisions off of algorithms, so they are somewhat predictable. Most are dumb enough to believe "technical analysis is a self fulfilling professesy.". It's not, patterns are mined "out of the market", leaving behind more randomness, and harder to find patterns.

And it's important to know which narratives are popular. If a youtuber is making a video about a specific chart pattern, that pattern has likely already been mined out of the market, or is completely wrong.

And you have to be good at math and game theory. A few years back, and still to this day many people use the "Bitcoin stock to flow" model to predict the Bitcoin price. This model is completely wrong, and is fitting an inapplicable narrative into mathematical form, that doesn't predict the price of bitcoin at all.

And you have to have to be aware of how government, regulators, and the media will react to things.

But as far as what happened with the Op, it sounds like he fell for a bunch of pump and dumb scams, for shit coins that had no intrinsic value.

I guess the biggest peace of advice I could give, if you hear a narrative about the the financial markets, that appears to have predictive power to make money over other people, realize that narrative isn't real, it's a mind virus. Now, start modeling the world as a collection of people operating off of different software (mind viruses) and "personal conclusions" which can be thought of as mind virus's mating, and then use that to predict the price of things.

Consider "scientific perspective", and "intuitive perspective" etc. as different mind viruses, that could mate with other mind viruses and publicly available data to form "personal" conclusions of your opponents.

 

[noobs]

It was a joke.

The second part is what matters.

Think of narratives like competing viruses that can grow, and die out. Humans buy because of narratives, so you need to figure out what the dominant narratives will be in the future, when you're ready to sell. What you're predicting is not the "trends" of mind viruses but their inevitable evolution.

You also have to understand that humans have differing intelligence levels, so a narrative that's too complex to grasp will not be picked up by the majority of investor's if ever.

Then there's retard level narratives that are completely predictable, because low IQ people always fall for them, which are:
"x has been going up for a long time, it's a pretty safe investment, it's time to buy".

Those scenarios create exit liquidity for large players.

Chart analysis guy's are a little smarter than the average person, these are people who look for and graph repeating patterns. Sometimes an asset will have more chart analysis guys invested, than "dumb" money, so you need to be aware of who is primarily moving the price.

Chart analysis guys are essentially making decisions off of algorithms, so they are somewhat predictable. Most are dumb enough to believe "technical analysis is a self fulfilling professesy.". It's not, patterns are mined "out of the market", leaving behind more randomness, and harder to find patterns.

And it's important to know which narratives are popular. If a youtuber is making a video about a specific chart pattern, that pattern has likely already been mined out of the market, or is completely wrong.

And you have to be good at math and game theory. A few years back, and still to this day many people use the "Bitcoin stock to flow" model to predict the Bitcoin price. This model is completely wrong, and is fitting an inapplicable narrative into mathematical form, that doesn't predict the price of bitcoin at all.

And you have to have to be aware of how government, regulators, and the media will react to things.

But as far as what happened with the Op, it sounds like he fell for a bunch of pump and dumb scams, for shit coins that had no intrinsic value.

I guess the biggest peace of advice I could give, if you hear a narrative about the the financial markets, that appears to have predictive power to make money over other people, realize that narrative isn't real, it's a mind virus. Now, start modeling the world as a collection of people operating off of different software (mind viruses) and "personal conclusions" which can be thought of as mind virus's mating, and then use that to predict the price of things.

Consider "scientific perspective", and "intuitive perspective" etc. as different mind viruses, that could mate with other mind viruses and publicly available data to form "personal" conclusions of your opponents.

it’s too unpredictable, i think the main reason people in crypto make money is bc crypto as a whole is going up

 

[noodlelover]

it’s too unpredictable, i think the main reason people in crypto make money is bc crypto as a whole is going up

It is possible to predict the market, but you have to smarter than what the video calls "The Asian quant".

Think of it like a chess game. Your moves will cause your opponents to make moves, which will cause you to make moves and so on. But if you can see more moves ahead than your opponent you can win.

It's exactly the same for the stock market, the crypto market, government, media, and the tech sector.

The difference is, it's not one opponent, but hundreds of millions.

This doesn't make modeling all of that impossible because humans cluster. That's my point that it's easier to model mind virus's than individuals. You can think of these like meta-cognitive agents.

To predict you in a game of chess, I don't need to model every one of your brain neuron's, even though your brain's neuron's have some intelligence, I only need to model "you" the emergent entity of all of your brain neurons. The same is true for the global economy.

There are emergent entities, that adapt and learn. You can't just cop out and say "I have an algorithm that worked in the past" because you do in fact have to model the learning that these meta-cognitive agents do. But that is possible, if you are essentially smarter than most of the market.

You also don't need to be perfectly accurate, you don't even need to be half accurate, as long as the gains from your wins outweigh the losses from your losses.

Also realize that mutual funds exist to make money for the people that run the fund and get paid on a salary basis, not people that invest with the mutual funds. I don't want to write a whole book here, so just read Nassine Taleb's "Fooled by randomness" but the jist of it is that mutual funds are predictable irrational in a number of ways, because they are intentionally not making the best long term decisions for their investors, only the ones that appear to be the best decisions on the aggregate to make money for those who run the mutual funds.

There's a lot of predictable irrational behavior in the markets.