Assorted Gems from my Twitter Bookmark Archive (Crypto Edition)

Posted on by Devon Sampson

I need to (a) write more, (b) go through the Tweets I’ve saved using the Bookmark feature more often, and (c) have some kind of creative output in the crypto space. Hence, I’ve decided to kill all three birds with one stone here.

Underneath the layers of shitposting, people shamelessly shilling their coins, and outright spam, there’s some incredible alpha being shared on Crypto Twitter. Undoubtedly, some of it is a more subtle form of shilling, but I’ve learned so much over the past few months that it was worth weeding through the noise.

The plan after this is to do a weekly, bi-weekly, or monthly review of the best of Crypto Twitter.

Oh, and this is not investment advice.

Obviously not as true a month later, but his point about timing is still valid – especially in the case of leverage trading. Unless you’re truly in it for the long haul it’s hard to imagine what a great BTC or ETH trade would look like without a specific short- or medium-term investment thesis.

Reminds me of this scene from The Big Short:

INVESTOR: How big is your short position right now?

MICHAEL BURRY: Um…just $1.3 billion.

INV: And the premiums?

MB: Well, we pay, uh, roughly $80 to 90 million (INVESTOR LAUGHING) each year, which is high, but I was the first to do this trade.

Watch. It will pay. I may have been early, but I’m not wrong.

INV: It’s the same thing. It’s the same thing, Mike!

The only thing I’d add is that another advantage of starting out vs being in a large firm is that you’re not accountable to investors or higher-ups. You have the freedom to make trades that would look embarrassing if they failed – i.e., new ecosystem projects, low market cap L1s, cryptodickbutts.
“Buying versus forced sellers is almost always a good strategy.” Beautiful advice.
A fascinating look into how unglamorous long-term BTC investing has been, despite the fact that it’s one of the best trades we’ll see in our lifetimes. I think something like this applies to most of the greatest trades – since by definition they start by being way ahead of the market, and only crystallize into a great trade once the market catches up.
I don’t co-sign the Porter tweet, but Cason’s response is a good reminder that virtually all of the conventional “rules” about personal finance (i.e., “debt is bad” as an absolute principle) have exceptions – particularly in an progressive, unsophisticated market like the current crypto market.

That being said, incurring debt to finance a crypto position would require an…ambitious…thesis, to say the least.

Alright I’m tired now but I’m glad I did this. This will hopefully be the launching pad for longer-form, recurring content.

gn frens.