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Spill The Alpha #9: Altcoins Trading 101 – w/ @AltcoinSherpa
Recorded: June 5, 2025 Duration: 1:16:58Space Recording
Short Summary
In a recent episode of 'Spill the Alpha,' crypto enthusiasts discussed the current market trends, emphasizing the importance of persistence and community support in trading. With a focus on the evolving landscape of altcoins and the rise of decentralized exchanges, the conversation highlighted the potential for growth amidst market stagnation.
Full Transcription
The Thank you. hey hey hey what's up man how's it going man good good how are you good to hear man i'm good i'm good
i had a chill day had uh one of the one of those days when you wake up really early and everything
that was nice very nice yeah dude i woke up at like uh i woke up like a quarter to seven
and uh went to to have an early morning Muay Thai session.
Oh, beautiful.
How long have you been training for?
Only like three months now.
So not that long.
I think martial arts are really important, honestly.
Dude, it's insane how it almost changes your perspective to how you just see situations and stuff like that it might sound like a cliche or something but
like it gives you more confidence for sure exactly exactly but uh but it's it is hard you know like
when you start out um like i don't think i've experienced like punches and kicks like i served
in the military like this was like a decade ago but uh it's been like 10 years you know
yeah i kind of forget how that feels.
For sure.
But yeah, I screwed up my leg this morning, so that kind of sucks.
But it's a part of the game.
Do you work out on anything?
Like in any martial arts?
Yeah, actually, I've been boxing the last six months.
It's been really, really fun.
Oh, that's sick.
It's a hard sport. I mean, I did a little Muay Thai.
I've done martial arts in the past, but I took a i don't know several year break from it and then back to it but i mean
it's it's totally totally fun and really valuable too yeah yeah 100 so that's really awesome dude
do you go like every week yeah i go like four times a week oh wow okay no so i go like i'm currently going like once a
week but i'm gonna up up to like twice a week because i'm like because i hit the gym like
five times a week so it's kind of it gets too much you know are you more like a like lifting
weights or yeah yeah so i lift weights and stuff and then uh i do once a week uh like uh the muay
thai and uh but yeah but i think i'm, I think I'm going to start switching it up more towards the martial arts,
because I feel like it just feels better.
It's more like functional strength, more applicable, in my opinion.
I mean, I was always doing functional strength stuff, personally.
I like to rock climb.
That was my main sport for a long time.
Oh, that's sick.
I've never tried it, but it always looked so fun. You should give it a shot i mean i think there's mountains in in where you're
from so yeah yeah yeah yeah there's definitely it's definitely out here as well uh like even
the like the real ones you know not like the the the ones in gyms and with like the the fake rocks
but uh maybe someday maybe so actually it's kind of like uh now that you mentioned it i really
should look into it you just try it once and see if you like it i mean you know it's just like
anything else like who knows maybe you would have never known about muay thai but then you
gave it a shot one day and now you like it you know yeah well um we have a bunch of people out
here already um well we can we can just start it with the answer for now whatever you want we can
wait uh but more people can start it now.
Yeah, we'll give it like a minute or two more.
But yeah, so other than that, it's been a boring day, man.
I don't know.
For me, the market feels so slow.
It's very choppy right now, for sure.
Yeah.
Nothing's really choppy.
And my whole feed is talking about nonsense and James Wynn.
Yeah.
Just waiting for something to happen.
I don't even care if it just nukes 5% or something to sub 100.
Just do something.
It's to be expected.
Shitcoins ran up several x last few weeks so
yeah how are your position right now i'm still long spot i'm not really uh nice i don't know
i mean we can talk about more later but yeah i mean i think it's it's probably likely that we
just chill out for a little bit but i don't know i hope i'm wrong but we just keep going yeah i
mean listen we're getting into summer so like uh boring price action and choppiness is kind of
expected you know yeah 100 um but yeah we'll see we'll see how that goes um i think we can just
jump right into it uh first of all to all of our listeners i want to welcome all of you to uh this
is episode number nine of the second season of Spill the Alpha.
I'm sure you guys are going to enjoy this episode.
We have a very special guest with us today.
We have Alcon Sherpa, who I've been following for like, I think I've been following for like three years or something like that.
More than that, I mean, are you in class of like 2017, right?
I mean, we...
Yeah, I've been in crypto since 2016, 17, but I've been adjunct CT at like 2020.
Yeah, no, we've been following each other for like five years.
Yeah, yeah, so that's crazy.
Because I think I remember you subbed like 50k or something.
It's insane.
Yeah, I mean, yeah.
So that's awesome.
Well, thanks for coming, man.
It's a pleasure to have you on.
Of course.
Thank you for having me.
If you guys don't follow AlconSher um you definitely should uh check out his profile he
has a bunch of charts he's one of the very few like i don't really post charts anymore so if
you want to see charts if you want to see trade ideas trade setups and just market commentary
make sure to give him a follow he's a fantastic account to follow uh one of the very few big
accounts that are like active no shillsills of crappy stuff and really high quality addition to the timeline.
So make sure to give him a follow.
I really appreciate that.
Yeah, my pleasure, man.
And yeah, I just want to remind all of our listeners at the bottom right corner, you have a chat box icon.
You can click on it at any moment and leave any questions that you might have to us, to me, to Sherpa, and we'll touch on them towards the end of the episode.
And this episode will be recorded as well.
So if you have to miss out on something, don't worry about that.
And one last thing.
Huge thanks to Kuma for hosting these spaces now live on bear chain you can trade with up to 50x leverage and you can win
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discounts so yeah if you want to give it a try you're more than welcome to um well should i call
you shirt sherpa or yeah whatever you want to call it sherpa's cool all right let's go sure
uh well first of all i i don't really know anything about your background, what you've done, how
did you get into crypto?
All I know is that you've been around here for a long time.
So tell us a little bit about your background.
How did you just get into crypto and trading overall?
Yeah, I just got into crypto, same as many other people in 2017.
I was in the gaming industry before.
So like, you know, sports betting and poker.
And we moved Bitcoin around the world just because we used bitcoin for what it was was made for really it was
bank wires are expensive you know they take time uh they're slow etc and um yeah we just
were sending bitcoin to people all around the world so you know 2017 we saw bitcoin like go
bananas and go really crazy and that's kind of like where i started to
get more exposed to the market first shitcoin i ever bought was xrp you know everyone always
buys either like xrp or ether cardano or something like that but yeah um anyways you know uh just
story is very similar to everyone else in class of 27, I think 2017, where, you know, we all made a lot of money. We round tripped it all. And, you know, through that process, I think when I lost all my money in 2018, I just realized that like, you know, if I want to keep doing this thing and keep staying in this industry, then I need to like learn, you know, much more about the market and just learn more about um you know just like market dynamics and and just understanding like kind of what's
going on because like just buying and holding and just like losing it all like it wasn't a fun
feeling so yeah i had to get more educated i think a lot of people go through this uh a lot of people
start out in a way where you you don't really know much about trading,
risk management, stuff like that.
You either just hold a bunch of spot or just even dabble with leverage.
Nowadays, it's so easy to access that I think most of the beginners just jump right into it.
And I feel like you make a lot of money and then you give it all back or just like 95% of it.
And I feel like one of the things that drives a lot of
people to just keep trying and, you know, just give it another try and study more is, you know,
you just see that it's possible, right? Like you made it once, you have this feeling, okay, I,
you know, I turned 10K into like a million. I gave it all back. I have like 25K left.
I know I can make it again and this time i'll
do it better type thing you know definitely and like there's also something to be said about
um you know early participants in crypto 2016 2017 2018 where there really wasn't any other way to
make money i mean you kind of had to learn how to trade there wasn't really much d5 there wasn't
nfts gaming yeah there
really wasn't anything to do you know other than trade so that was like kind of the only way that
you could really make money and that kind of stuck with if you look a lot of like class of 2017
you know a lot of us were kind of like dinosaurs in this current 2024 like meta with on chain and
memes and everything else uh you could definitely see like kind of
a change in the landscape overall from even 2021 yeah you know i never even thought about it like
now that you say it makes that i mean all of the newer accounts they all like into the trenches
and you know they they know all the platforms and all the different like places and stuff like that
um i don't do any of that at all and i you know i mean i don't
think you do too and most of the people from that cycle don't like you know sometimes for fun i did
actually learn uh in 2023 and 24 uh i forced myself to learn because that's where a lot of
money was actually so uh i yeah it was hard not fun yeah the defy summer was funny for me because i i had no idea what i'm
what i'm doing you know i'm not i don't really know much about defy or how it works and what
you know what everything is and i was just throwing money around and luckily i made money
luckily i got out like at the right time and you know i didn't fall for any big scams and stuff i
think the biggest one i fell for was like the dog thing i forgot uh
anubis you remember oh yeah that's right yeah i think i put a couple of eath in there um
but yeah other than that i didn't really get i didn't suffer too much luckily
yeah um so so you started out uh you lost a bunch of money you gave a bunch of money back basically
and then you you told yourself you need to take it seriously.
How long do you feel that it took until you started, you know, just started to get the
hang of things, turn a profit?
And was there a moment where you told yourself, okay, I can do this for a living?
I think it's a hard question for me to answer because like, um, I pretty much lost all throughout 2018 and most of 2019. And like, it's hard to say whether or not I was actually getting improving and like getting better in 2020, or if it was just like the market turning around, you know, through DeFi summer and like I just got saved by better market conditions.
to buy better market conditions so you know i'm honest about that like i realized that like if
the market just kept going down i probably would have just kept losing money over and over um
but i mean regardless it still took like over a year and a half or two years probably for me to
become like for me to actually understand a lot more of like um just overall like like what setups i like to take like who what kind of like style i like to
trade um you know different setups and and like just learning like my own psychological like
tolerances and what have you yeah and was your i mean was the process just you keeping at it just
keep clicking and stuff like that or were there
like any periods that you stopped and no I just kept I just kept going um I would just like
watch loads of videos read books just trade myself go onto twitter back then you know all
the accounts were just sharing charts and like talking about the market through whatever the
golden times of cp yeah yeah yeah I mean it depends on it depends for sure on on what you
view but there was a lot more like quote unquote alpha or just you know information being shared
uh freely to the point where uh you were able to actually learn a lot you know just being on
crypto twitter so um yeah i i would say like i just kept losing for like two
years pretty much um yeah which which is depressing but like i would just basically throw like work my
normal job and then and just throw like whatever extra money i had into the market and then just
keep losing it honestly and like the market structure back then was a lot different too
you know everything was like in all btc pairs and so yeah you know those are all obviously naturally we we know that today
like everything's just like inevitably down only but um it took a little bit for like you know
the usdt pairs and what have you to uh to come in to play yeah i think up to 2020 um alt btc pairs
were still strong nowadays nobody uses them no no
nobody cares about relative nobody cares about relative performance um but you know the two-year
number is actually really really common like we've had over 60 traders on the show at this point
and i think probably over over 50 of them
that did the same number about two years until they started to you know not just gamble and
lose money but actually at the very least become a break-even trader you know yeah that's that's
so i actually think this is a really really solid number to expect like if anyone is listening and
he's just starting out i feel like being ready for two years of you know back and forth is probably very very like solid
i mean it's it's hard because it's like you think about pretty much any other like endeavor it could
be like lifting weights or um you know starting a company or or whatever like getting your ass kicked for two
two years straight is like it's a big ask and for a lot of people too it's there's no guarantee
that either it's not like you go to uni and you get a nice job after three or four years
you know there's no real guarantee um of course not the same thing for uni as well but i mean
you know what i mean um yeah where like it's but but you know it's also like i mean one of the reasons a lot of people want to have this kind of job and be
successful trading is because it's it's a very lucrative job it has a lot well it has a lot of
negatives for sure like the the mental swings the emotional swings you have in especially trading
crypto markets is is insane uh second to none i would say but um
at least in the trading world but but the benefits are insane like the the profit like the the returns
you can have the the feeling of freedom the fact you can do this from any point in the world
um you know i feel like all those things, really lucrative. And that's probably what makes people go through these two years.
And another thing you mentioned is that you during that period where you were just improving and working on your edge and working on trading, you still had a job and you would throw a portion of your salary into crypto just trying to keep on improving.
First of all, at what point did you quit your job and go fully trading if you
have and second of all do you think people should do that step and if yes when um yeah i quit my job
i think i had i don't know i mean there's definitely a lot of people that are like less
like more conservative than me i'm not very
conservative in that regard like i'm more just like if i see an opportunity i like it then i'm
just gonna go for it and just like be pretty risky and that's like stylistically that's also
how i trade unfortunately or fortunately depending on how you look at it where i like i'll make a lot
of money or like i'll lose a lot of money um so i would say that like trading is an absolutely
fantastic job slash career if you really love it if you're just looking at it purely from like you
know money or freedom standpoint it's like really horrible like what you said you know being a
full-time trader does cost a lot and not just in terms of like fees or time or like, you know, losses, but like,
you know, your mental health as well. Like, not just like during losses either, but, you know,
just continually thinking about the market, like you kind of lose that innocence. Like when you
start trading full time, you lose that innocence in the sense that like you can just log off and
just go to the beach and just like enjoy the day and be in the moment but
you know as a full-time crypto trader like you said it's 24 7 you're always thinking about it
because that's just like you kind of train your brain to do that you're looking for different like
yeah no days off no days off yeah no it's like people like think about the freedom but like you
really don't have much freedom because you're working every single day and and like if you're
not prepared for that then i i would
highly recommend against like trying to be like learn it learning to trade like sure you can do
it on the side sure you can like you know do it part-time i guess where you just like kind of dca
into like like i don't know some random shit like bitcoin or or hype or whatever you choose
you know every two months or something that's fine fine. But I mean, otherwise it's, it's pretty hard.
Yeah.
It's like that meme of, uh, you know,
I quit my nine to five to sit on in front of the PC for 16 hours a day.
Yeah, that's right.
Um, well, yeah, I agree with you a hundred percent.
And talking about those, those, like the, the, the negative parts,
can you share any,
any big significant mistakes or just general challenges
that you've had in the early days of training and how did you overcome them?
I would just say that like just learning to lose is difficult, especially it depends.
It definitely caters to a certain type of personality type too, where like you're okay
just getting your ass kicked over and over and over.
And like, you know, maybe people that were like high achievers at like uni or like in their job, like just naturally talented people that, you know, like they just got it easily, you know, for whatever they did like those people usually I think struggle actually more as a retail trader just because
um you know you are losing a lot early on and it's like kind of hard to comprehend so yeah like in
terms of sharing like earlier stuff I would just say like learning learning to lose and then also
understanding that like as a retail trader um there's really no like how to there's no how-to
guide you don't read a book you don't you know it's like uni where you go through a bunch of
courses or like a boot camp um like you learn so much you know uh on your own in terms of like
what style you like to trade you know your personality what you're good at what you're not
good at um you know you learn a lot but like the
hard part is that is that there's really no path to like to success there's no guarantee either so
you have to really just be okay with like trying this unknown um activity that may or may not like
yield anything or and probably you'll lose money too um and it'll cost you like lots of time and energy and mental health and,
you know, a lot of other things too.
So I would just say that like understanding like the fact that,
you know, you're going to lose, you're going to lose a lot.
And there's no guarantee of success.
That's like a hard thing to stomach for a lot of people.
Yeah, a hundred percent.
There's a very, I've mentioned this interview quite a lot of people. Yeah, 100%. There's a very, I've mentioned this interview quite a lot. It's an
interview of by chat with traders of John Rambo. He's a really famous Australian trader. And he
spoke about this hardship of losing. And he said that this is one of the keys of being a good
trader of this ability of knowing how to lose to be a good loser because
winning is easy it takes care of itself yeah and that's pretty much a quote and then he says that
nothing in in on earth nowadays uh teaches you how to lose nothing like there's many books written
about success many books written about like how to be a winner stuff like that nothing teaches you how to take a loss in a good
way other than organized sports uh which is pretty much the only thing where you will lose pretty
much you know pretty often probably uh if you're quite active um and yeah being able to take a
loss is a massive thing in trading it's one of the things too like when you can't really read
about it like how are you going to like yeah read story about, oh, I just lost like 80% of my net worth.
And yeah, nobody talks about it.
Yeah.
Yeah.
I mean like, hey, I just lost 80% of my net worth or like I just erased my entire gains
for the entire year, you know, in the span of like two months.
This is like very common behavior and outcomes in crypto.
So like, you know, how do you write or read about
that and like even quote unquote prepare like it's very very difficult in my opinion until you
actually experience it yourself yeah 100 and it is really a huge skill to have um i think you just
have to push right through it and talking about that, how did you go through that period?
How did you convince yourself to keep on going and keep pushing?
Because we have really choppy times right now.
And altcoins are underperforming.
Well, in the last couple of weeks, they've done well.
But up to that point, altcoins have been really in a rough spot.
I've made a couple of polls about how are people doing since the beginning of the year and most of the people are down uh year to date how would you suggest to someone who's
listening right now and having a rough time not really sure about how you know how he's going to
be doing in six months for example how would you suggest them to just keep on pushing um i would
just say stay in the game as much as you can don't get
wiped out like i know you see like this this common dumb quotes of like just survive but it
is true because because the bullish times are so rewarding like i know there's lots of stories of
people that like you know they lose like 99 of their stack and then they have like one percent
left and then they like they run it all the way back and i know these stories are somewhat uncommon but they they are
they are very possible i have a lot of friends that like you know they they near zero out but
then like they still have some money left um but i think that like you know i'm like you in the sense
that you know i've been in crypto since 2016.. So it really is a game about like just survivors and
and like the longer that you can survive. And one way I personally like to visualize it as well is
that I like to make sure that I try to have a higher low. I know I'm going to lose a lot of
money during the bad times, during the downtrends. That's okay. As long as I have more money, like
during the low points than I did at the last low
point. So call it 2022, 2020, like parts of 2023, you know, if I have more money now than I did back
then, then I'm doing okay. I can still lose a lot of money. And I, and you know, I did lose a lot
of money near the end of 2024 there. But like, as long as I have more money than before, like I'm
generally optimistic
and that also kind of ties into like what i was talking about before though of you really have to
love the trading game you really have to love crypto because if you don't love it and you're
just showing up every day and you're like you're depressed like you have to log on you have to like
oh i'm gonna like either a like a i have to like sit in front of my computer 24 7 to do this thing that i don't enjoy and i
get to lose money while i'm doing it while sacrificing relationships mental health etc
like it's not a very fun like payoff right like you have to make sure that you really enjoy
doing this thing um so i guess my advice to like people that are struggling right now is mainly
just to keep surviving keep learning um and just like just like, don't zero out because like, you know, if and when we get like times like we did during stretches of 2024, fingers crossed, if we ever get anything like 2021, you really don't need that much money to like make it all back.
You just need a few good winners, a few good runners, and like, just to gain, like, just to keep your confidence, in my opinion.
Yeah, it's really interesting because, well, first of all, it's a very good point.
And even I remember Fred wrote a blog about how crypto is unique in that sense where your main job is really to just survive.
And that's it.
Because as long as you're here for a long time frame, you have a very very good chance to make it because crypto
has very outsized returns in particular times and when the good times come when the easy times come
when the market chooses a trend and starts trending you're you just shoot and hit right
you don't even need to aim yeah and that's the beauty of crypto and like you said as long as you
survive that's your main job here
and another good point about the losing part that we mentioned is i don't know why there's this myth
in crypto uh in crypto twitter specifically where people think that the good traders and the
profitable traders have a really high uh hit rate on their trades and And I think 99% of traders I know that I've seen their portfolio,
they've shared their platform, like Excel sheets or whatever,
just like platforms, journals and stuff like that,
have a win rate of sub 50% for sure.
But many of them sub like 30% even, right?
It's quite common, honestly.
Yeah, it's super common.
I would say most of the people on CT are like that.
And again, it doesn't matter how many times you lose.
It's just a matter of how big do you win
and how small do you lose, right?
100%.
You're totally right.
I mean, not that it's, I mean,
there is a lot of obviously venture in crypto, it's like it is kind of power law where like you know small like a small number of
like your trades make up like the majority of your profits like i'm sure every like longer term trader
has some of these banger trades that they can remember and they can tell you hey like you know
what i'm i like you know piled in at soul at like you know you, hey, like, you know what, I'm, I like, you know, piled in at
soul at like, you know, three bucks or something like that, you know, or whatever, and just like
held it for a while. You know, a lot of these types of opportunities were available throughout
the market. And, and you do make a lot of money, you know, in certain conditions, like you said.
Yeah. And I mean, it is it is true for me in that case where my pnl swing is basically
you know pretty like i'll have a big rip up and then it'll either flat lines or like very slowly
gradually goes up or even down sometimes depends on how i'm doing in that particular time and like
i'm living basically on those you know just catching big trends and riding them and just letting them take me to the next level.
I know that intraday trading and the small trades is not what I'm here for.
Yeah, definitely depends on style for sure.
Yeah, so long story short, get used to losing.
I would say so.
Become a good loser.
From your experience just on being on CT and interacting with people,
what do you feel are the most common and reoccurring issues that most traders have?
And how would you suggest them to solve it?
I mean, in my opinion, most trading losses as a retail trader is mostly based on execution.
We generally understand like the
general direction of where price is going to head. Even like if you forecast like, you know,
one day or a week or something like that, you generally, like you said, the trend itself is
like, it's usually pretty easy to tell in the chart where the trend is, right? You can just
say, oh, it's going up or oh, it's going down. But learning how to size and then also um like execution like selling too
early selling like too late um going beyond like potential stop loss just and like i like i think
every retail trader suffers through this like i'm definitely not immune there's a lot of ideas where
like you might generally like have the right idea but you just like you you oversize and then you
fuck it up because it's just like it's it's too like the losses are too big and like have the right idea, but you just like you, you oversized and then you fuck it up because it's just like, it's, it's too,
like the losses are too big and like in the short term for you, or like,
there's just,
there's so many different examples that you can cite in terms of like
execution. But I would say that generally speaking,
most people probably have execution issues.
And I would also say a lot of people actually also have asset selection issues
as well. Meaning that a lot of crypto traders, you know if you can actually look and
see like you know all these different charts of like different sectors you can actually see like
which coins actually have a bid and in these current market conditions and environment these
these it's really important to choose which coins you want to trade because like you know you you might you might try to like buy some random like coin um I don't know like not to shit on it but like
you know fetch AI or something like that like you know sure fetch AI like did okay over the last like
few weeks or months or whatever or like two months or whatever or month and a half but
like you know it's still underperformed like the top, the top coins. Like you really, like,
I think your job as a crypto trader is to really find like those top five coins that are really
moving and outperforming the entire market. Like you're not good because you're just like,
you bought like fetch and it went up 3X and the rest of the market went up 3X too. Like that's
market average, right? Like your job is to find those ones that like do 10x in that same time period yeah it's
like that fallacy i feel like that's the main reason probably is just this fallacy of like
people seeing um you know the hot token or coin whatever uh going up and being active having huge
volumes you know overall all over the place and they just tell
themselves oh it pumps too much i'm not going to touch it i'm going to touch the things that are
you know not moving yet and i'll outperform it and i'll you know i'll catch up with whatever i could
have made uh when in reality if you look at the last two years it's been five coins and that's it yeah buying the beta has like barely outperformed uh you know
anytime recently it's like yeah it's not not a good idea in my opinion yeah it's a really rough
strategy i think also people people also like have like this false idea of like you know quote
unquote alt season where like you literally don't have to think about it you just long like literally anything and it just goes up like you know 30 each day like those conditions haven't been around
since 2021 yeah and people that like you know like i want all season as much as the next guy
because like it just means all circle and fucking bananas but um the reality is just that you know
that's just not not happening in the current market conditions.
So, yeah.
So, yeah.
I feel like the reality is that most people who just, you know, can't wait for out season
are mostly just waiting for it because they're lazy, because they're losing money.
They can't trade properly.
And they're just waiting for the time period where they can just buy whatever it is and make money.
And that's not the right mindset.
And even if there will be an outseason, just waiting for the time and start executing then and start to, you know, working on your game then is probably a bad idea.
Because that's exactly a recipe of joining at a bull market and then giving back every single dollar you made.
Yeah.
You have to stay sharp on dollar you made. Yeah. Right. You have to stay sharp like you said.
Exactly.
So I want to talk a little bit more about your trading and we will touch on altcoin trading
as well because that's something that I am really bad at.
Well, first of all, how have your trading strategies evolved over time?
Are there any just specific methodologies or tools that you use nowadays that you haven't
just specific methodologies that or tools that you use nowadays that you haven't in the past
in the past?
um i think like every other retail trader uh like everybody kind of tries like everything
at the start you know you watch a video on your favorite content creator and you know they're
using the indicator or some specific you know methodology or whatever and you like try to
reverse engineer it and see like if that fits
for you or not um like i'm definitely like i was the same thing too you know back in 2017 2018 like
throwing like charts looks like a freaking like ms paint yeah like 100 indicators yeah 100 indicators
and like lines everywhere like a billion emas and rsi and just like chart was like peppered all over the
place but i mean you definitely learn like over time like what to look for what styles look for
what indicators you like what you know i would recommend that people always just like
just look at price action you know there is something to be said about just having a naked chart and like just like seeing what's going on.
Um, you know, just learning, like just putting in the time on a chart time, I
would say, and you can just like look at charts and like, you know, and kind of
figure out what's going on.
There's a lot of people that use a lot of different things.
Things like, you know, I, I do recommend that everyone tries a whole bunch of
different methods because you never really know what's like really going to speak to you like
how you're going to understand like like how you'll interpret the market and there's a lot
of different ways you can do it you can do it technical analysis you can do it through order
flow you can do it like um auction market theory like you know um there's there's a whole bunch of different ways. You could just do
straight price action. There's a lot of different ways that you can really
interpret the charts. And that's why I say early on, I would say I would highly recommend that
retail traders just try whatever they want. Just try a whole bunch of different things.
Everybody interprets charts differently, you know, et cetera.
Yeah.
I feel like it's a really common thing.
And again, a lot of guests repeat where they had a bunch of indicators trying different things and it's all over the place.
And basically they start out with an empty chart in the first couple of days.
Then they move in the first year to having like 10 indicators that they cannot trade without
and then they end up you know a year later just having one on the chart and that's it one or two
or whatever um and i think it is because of that journey that you go through where you're just
trying things out seeing what fits you what fits your trading style what helps you make money
and you know at the end of the day like you know if somebody tells me he's trading by
the you know by the state of the moon and the star constellations or whatever i might laugh at it but
if you're making money with it you know good for you you're totally right like and that's why a lot
of these like you know trading courses or trading groups um paid groups nothing against them necessarily you know
but when you see these things on on like ads people teaching like a quote-unquote trading system
it's usually because everybody learns chart everybody interprets data differently and
you know i can look at a chart i think it's bullish and delta you could look at the chart
and say it's you know it's bearish and like you know it's that's just how we interpret data and that's
why you have you know trading discussions and and and what have you and you know that's why like
there's no real quote-unquote system that in my opinion that that really works for retail traders
that is you know yeah yeah because we're all so different like we all have
different tolerances to stress and to risk taking and stuff like that and there is no one recipe
works for all um and that's also by the way that's one of the reasons i i like i have a couple of
friends that constantly ask me about the market and hey are you buying and whatever and i just
refuse to tell them anything
because i know that if i'm you know if i'm buying spot i don't care if if i take a 10 or even a 15
20 cut because if i'm buying spot it's after a nuke and whatever i know it's just spot you know
i'll be able to sustain the down like the downturn or whatever um but i've had this experience before where i told someone what
i'm thinking and he went like leveraged up to the tits like 15x long or whatever and then he got
liquidated and i'm like dude what the fuck are you that's what i was talking about execution like
you know you have the idea of like this thing going up but like and you're okay taking that
15 drawdown or whatever uh you know and you just buy spots so like there's
no real execution as much you know but yeah it's it's really it's a really good point because i
remember the worst trading day of my of my career to this day uh which was back when uh back when btc nuked from 60k all the way down to 30. oh i remember in 2021 that's
of may yeah yeah yep and um i i was like i think i was just buying all the way all the way down
like a like an idiot and just leveraging up and leveraging up and i was at some point i got to
like i don't know like 8x leverage i'm like ah dude i'm so safe this is such low leverage um or even left i think i
was like 3x long or something like yeah i think yeah i'm pretty sure it was sub 5 5x long i was
like oh dude i'm so this is such a safe trade and uh it ended up with me just having to just
deposit more margin and stuff like that it gets out of hand really yeah it was a really really
bad experience um but yeah it's a really good lesson for sure um so how do you manage the
psychological aspect of trading like you know it can get really stressful it can get really
hard to maintain a discipline in volatile times or in boring times like what we're having right
now where sometimes your system you know won't give you a signal for like a week um and just the challenging periods overall how
do you handle all that i would say that confidence is is important obviously like knowing that you
you know you're never as good or as bad as like your recent results it's important to like
take a step back and like hey you know what like you're not the worst trader in the world if you
like lose like three four trades in a row whatever it's okay um and just like really um
i would say just knowing like having an optimistic view in general too, like crypto as bad as it can get, like generally has always come back.
Maybe not quite in the conditions that there were in the past.
Like we're not seeing conditions like in 2021.
We're not seeing conditions like we did in 2017, but there's always going to be opportunities to make money even in the bad times so i think that like staying optimistic and like like just like staying in the game and like not you know getting so like
so until to the point where like you lose like catastrophic amounts of money obviously everybody's
done that to some degree at certain points of their career in my opinion but like i would say
that like being optimistic always like kind of sane in the game.
There's obviously external things that you can do as well.
You know, it's important to have community.
It's important to talk to trading friends who, you know, can understand and relate. Like, how can you talk to your girlfriend about like losing like $10,000 in like Farcoin or whatever?
You know, it's pretty hard to relate or whatever, you know, or like lost like forty thousand dollars in a day or whatever like you know it could be any amount
of number um it's just hard for people to understand and relate to that in my opinion
so i think that having some sort of community is good having you know being optimistic and then
also like maintaining a pretty healthy like um just life balance is also good.
Like, sleep, diet, exercise.
Because, like, those are all things that, like, can spiral out of control as well.
Where, like, you know, if you're partying a lot, you're doing drugs, or you just, like, don't have much stability elsewhere,
like, it can kind of also affect your trading.
You go until you start, like, losing a whole lot more, et cetera, et cetera.
Yeah, that's a really good point i mean the social
side of of ct and just the people i've met is is massive i i don't think i would still be here
if not for the people i've met 100 um i feel like you know it's like how a lot of people think that
trading is is a you know is a solo game and in some way it is because you're trading your own money,
your own portfolio.
But it doesn't mean that you have to be
like a lone wolf or something, right?
At the end of the day, you have your strengths.
And that's one of the reasons I'm happy
that I have a lot of friends
that I can chat to you and ask tips from
because I know what I'm good at,
which is swing trading majors.
That's my biggest strength.
I'm a good, you know,
intro week
intramonth trader um but you know if you collect a bunch of friends and each of you has his own
strength you can support each other help each other move forward it's it's massive and it's
priceless i think it makes this job so much better and i think without ct my my job would be miserable absolutely i
totally agree with you on that too like i mean it can get dark too like you know yeah there's very
few other professions in the world where like you can like look in the mirror and say i just lost
90 of my net worth over the last two months you know like i i am really struggling
for money right here and the market looks like it's not going to turn around anytime soon like
what the fuck am i going to do like it's very like it's hard for other people to relate and
it's also hard in general just to like have similar circumstances in other other jobs so
i mean it is very unique in that regard yeah and I mean, CT just changes that so much because like even when we have a bad day, people lose money all over.
You can just log on on CT, shitpost with a bunch of people, laugh about how much money or how badly down all of you are.
Yeah.
Really changes up your day.
It's a funny coping mechanism that we have.
We lose like loads of money and then you start posting memes that like you you're just laughing. Like, it's kind of an interesting psychological thing too. Like,
how we treat money in general too is also an interesting like thing to think about. You know,
it's like, it's not real in a lot of ways for a lot of us, which is very unhealthy. But
I mean, for most of us, it's just number on a screen i would yeah no 100 and and that's the only way it
can be because because if you thought about like real money and you treated it like real money
um like you might not have the same like you know uh outcomes or success that you that you do
yeah i mean i remember the first like the first couple of times I made big withdrawals from crypto to real life.
And it almost kind of feels surreal because up to that point, it never felt real.
Yeah, 100%.
So yeah, cash out some money, guys.
While you can.
So I want to touch a little bit about just advice that you would give to the younger self or someone who's listening to this space right now and who's a beginner or just having a rough time.
What advice would you give to those people?
So the younger self and just someone who's listening?
My advice would just be like, if you truly enjoy this game, if you really enjoy the industry, if this is something that you really like you know you can't wait to do you log on like i mean it's kind of a
weird thing but like you know i i literally like first thing i do when i wake up i can't wait to
look and see what's going on in the market you know read up to twitter like yeah before you
brush your teeth yeah yeah yeah exactly just go right to the charts see like see what's going on
like it's something like i rush i enjoy doing very much and i think
that um you know if this is something that you really enjoy just just keep at it don't don't stop
um be okay with losses and keep keep spending as much time as you can because like you know most
of the traders that you see on ct like you know most people like didn't just like wake up and say
hey like i want to like be a crypto trader you know a retail crypto trader like sure there's some people that like from like
citadel or whatever like you know hft traders like that have like incredible pedigrees and
what have you but um the vast majority of us were just like working you know side jobs and like
trading on the side and like learning like how to trade and and and seeing like you know if this is
something that we wanted to do um so you know i would say that just keep keep keep trading keep
learning like never stop in terms of the education and in your own like development is is important
yeah there you go just keep clicking yeah 100 for real yeah i want to chat about altcoins a little bit i mean your name
is altcoin shareprofs after all um but altcoins are something that i've always been doing horribly
bad at um unless it's like trading a couple of majors and majors i would even consider like
solana and maybe bnb and stuff like that um but every single time i touch
alts i i just lose money it's it's like i'm cursed or something um well first of all what do you
think made you focus on altcoins and give them so much attention because that's something for
example i've given up on i don't I don't even look at altcoins anymore.
And how would you suggest someone who's struggling trading altcoins to improve it?
I think altcoins are just like a much less efficient market, which is good for traders that, you know, like are really into that sector.
People that really trade altcoins, you know, even from a retail standpoint, like good altcoin traders always almost always have better edge because they understand the
inefficiencies.
So like, you know, obviously altcoins are much more volatile on the upside and downside.
I think that, you know, they're just like, they're better vehicles for trading personally
for me.
Like, you know, of course, Bitcoin and E eth and all this other stuff like you can size into them of course but um but like they
just don't have like these crazy moves that all coins do and for the most most of the retail
traders too like you know you don't like as a retail trader your size is probably not size you
know like you can still get in and out of these coins that still have millions and millions of dollars of volume each day um where it doesn't
really matter your size is not size to the point where it can even be an edge yeah yeah yeah exactly
yeah 100 um so you know if you're a retail trader you can get in and out of these positions for you
know if you're trading like you know a thousand bucks or whatever whatever you want to call it five thousand bucks it's like
it's okay um but i would just say like you know all coins all coins in general like you know
if you have a really if you have a pulse on the the overall like um the overall market
then you'll see what all queens really have a bid um and you know in terms of like your question of like how can
someone who's struggling with all coin trading improve I would say that it's important to
actually learn like the different categories and sectors of all coins um ever since 2021 we became
very narrative and sector driven meaning that all the liquidity was like focused on one specific sector this was
much more highlighted in 2021 back when like centralized exchange trading was much more of a
thing um yeah we had the meta changes exactly exactly yeah so like you you had to really
understand like you don't have to understand like the the very like you know you have to go into the
weeds of like what you know why is I don't know, why is like Solana like better than Avalanche? You probably
don't have to like, you know, write like a long article about that, but like, you can just like
categorize in your mind. Okay. Ethereum is slow. It's expensive, et cetera. What are some other
alt layer one possibilities in 2021? Oh, Solana, Solana, like AVAXax luna like all these other possibilities of of working with other chains and
obviously bnb you know what have you um so i would i would first like a get a comprehensive view of
like the sectors of every single type of all coin you know you can label them like like these days
like the sectors that matter probably like rwas maybe old school defy
um you know these types of coins are like kind of like important to to look at um i would say a
like learn and and structure these kind of which coins are in each category and then b like as a
retail trader one thing i do is like and this is something i used to do every single day actually
i used to like i imported the entire to do every single day, actually.
I used to like, I imported the entire, like literally every single Binance per coin on a trading view list.
I would look at every single coin and just like filter by like, you know, best performer. And I would just look at literally like, you know, every single ticker every single day, every single like, and check every single chart.
And, you know, you make a good watch list of like, OK, this this coin actually has a
bid. And that's like that's a lot of the problem of what I was talking about before in terms
of asset selection, where, you know, people are buying stuff like Fetch.ai or whatever
and like or, you know, any type any type of coin, you know, I don't know, just um some random ass coins where you know it's old outdated tech or or whatever and
they're wondering why like that coin isn't outperforming but you really like these days
you really just have to see which coins have momentum which coins have actual volume those
are the ones to really focus on and you know the problem right now is that you can't really get
ahead of these types of narratives.
Like, even if I wanted to preposition myself for like RWAs, like there is an opportunity cost to it. I can just buy like a whole bunch of RWA coins and just like sit on them.
You know, that's a possibility.
I'll get the best price, but I might have to wait weeks or months for them to actually really outperform.
So personally, I just prefer just going with momentum.
And everybody's different too in terms of how they want to trade
and stylistically and everything.
But yeah, personally, I always like to just get a good comprehensive view
of what the market is looking like
and then kind of just hopping on the winners personally.
Yeah, that's definitely the way to do it i mean
like we mentioned earlier um i feel like the winners usually just keep winning right yeah
like the catch-up trade is usually the handicapped one and where most people just run and put money
into and it just ends up underperforming um but you've been trading alkalines for a very long
time i mean i'm guessing your trading and
your focus on altcoins hasn't changed since back when you started um how do you feel the
altcoin trading game changed and um do you think it'll ever be back to where we have different
metas and stuff like that or do you think that the current uh just dispersion of so many altcoins
and every single day there's like 10 000 new altcoins um just basically ruined it yeah i think
that there's a lot there's like that's a pretty uh long answer to that question i think that
like the conditions in 2017 and 2021 were like much different for a lot of reasons like a on chain wasn't as insane you know amplified by
pump on this past cycle in 2024 um but like if you think about like liquidity back in 2021 like
everything was much more like centralized on centralized exchanges you know everything was
much more in those uh directions where um i'm sorry one sec, my dog is barking.
Yeah, no worries.
One sec, let me drive real quick. I'll be right back.
Yeah, yeah, go ahead.
So sorry, dog is barking. No worries.
Okay, so the question is, do you think that like all coins, like the all coin landscape
will like come back to like, you know, it was a previous environment.
Yeah, basically, do you think it'll ever come back to being more focused in metas like it
used to or basically just the current massive influx of coins every single day is just so
large that it won't?
We will have metas.
We did see metas in 2024.
You know, you saw stuff like Goat, like I would say the metas we did see metas in 2024 uh you know you saw stuff like um go like i would
say the metas just shifted more on chain like you know and that's why the goat moment was so good
for on chain too because it was like the perfect combination between like tech and speculation
you know on-chain ai agents etc etc um but i would say that like you will still see narratives you always will see narratives
you'll always see like lots of activity but the problem is mostly just you won't see it like you
did in 2021 and the difference is just because of like what you said dispersion there's a lot
of different altcoins there's a lot of different narratives but just that like people just don't
trade as much on centralized exchanges as they did in 2021 like you saw so much activity you know for like the solo avax for axie infinity
you saw so much activity for like the sand mana like metaverse like narrative it was much easier
to predict these narratives back in the day um and like everybody was just trading on a centralized
exchange so that's why these
coins were able to do such insane multiples. And those conditions were so great back in 2021.
Whereas these days, like you said, all point dispersion, on-chain, extraction, overall extraction,
much more limited liquidity versus back in 2021 as well.
It's just like a much different environment than before.
Yeah.
I mean, I feel like you can clearly see the effects themselves.
For example, well, just from the law side of things,
just yesterday we had an announcement.
We had news that uh in california
they approved the bill that says that uh california residents who don't touch their crypto
in exchange in insect in centralized exchange accounts for three years uh that crypto becomes
government property which is insanity it's insane like it's it's mental um And definitely we see a huge pickup in trading volumes
and just activity in decentralized exchanges.
I think yesterday I've checked the numbers
and it's like 25% of all volume is done now
in decentralized exchanges, which is massive.
It'll probably just keep growing
because first of all, the products become better, right?
And second of all, people just realize it's just a much better alternative.
And yeah, I mean, it's clear to see the effect on price as well, because back then we're talking like 21, 2020. And even earlier than that, every single time we had a centralized exchange listing it was like a
massive pump um because suddenly a bunch of people had access to it and people who did not know what
even on chain is um but now it's it's the opposite like if there's a sex listing it's it's usually bad
um because that's like even easier now to because like now you have exit liquidity right 100 um and
you can just off ramp and whatever um but yeah um so like for me altcoins have just been uh
something i never managed to trade and it seems like there's a lot of separation between traders
because it seems like it just splits into two clubs.
People who do trade altcoins and people who don't.
There's very few who do majors as well.
It seems like most people just split in two.
And I wonder what your thought would be and what my perspective is usually to people who ask my opinion about it.
I usually tell people trade majors first,
like trade Ethereum, Bitcoin,
focus on trying to master them on the higher timeframes,
like one hour, four hour charts,
just intraday type things, intro week,
and then move to altcoins
because there's more volatility and there's more risk.
And that's usually my opinion.
But maybe that's because I'm old.
I don't know.
But what would you say about that?
Do you think people who are beginners
and trading perps,
do you think they should just jump
into the action of altcoins
or do you think they should trade
boomer majors a little bit?
I think it depends on risk tolerance.
Your advice is pretty sound
for new people that aren't really
used to losing a lot of money. So if you went in and you bought some of these altcoins,
and then they go negative 30% in a day, if you're new, you probably aren't used to that experience.
So I think that's probably sound advice for someone. I would say more like the the loss aversion aspect um like in
terms of overall like you know finding like good setups and what have you i definitely think there's
better ones in all coins again because they're less efficient like i said before but um and
obviously like you know just like making pure money too unless like you're trading gigantic
size then then uh then then you probably should be trading
all coins over over majors in my opinion if you're a retail trader um but i think your advice is
pretty good for like people just like just getting in not necessarily from a technical sense of like
hey like you know i want to like be successful trading bitcoin because like i mean if you look on bitcoin like bitcoin isn't really
a great trading vehicle like for retail traders like intraday i mean if you look at the actual
charts you know like um there's a lot of chop with bitcoin for example and and that's you know it
makes sense because of like the overall like you know it's just like a like a lot of money you know
Overall, it's just like a lot of fucking money, what have you.
But if you're trying to make money with altcoins, I usually think it's a better opportunity.
But in terms of the loss aversion, yeah, I agree with you on that.
Yeah, well, there you go.
If you have big guts, just jump right into it, probably.
just jump right into it yeah if you're if you're okay losing i guess go for it yeah um so i wanted
Yeah, if you're okay losing, I guess, go for it.
you to um just tell us a little bit about your daily routine because nowadays we have um so many
altcoins to trade like every single exchange has like at least 100 um and some are focused more on
the majors some are really focused on like the freshest altcoins and stuff like that.
But let's say someone is trading on anything,
and he starts his day, he has 100 assets to trade.
How do you filter and choose what to focus on?
Do you just follow the narrative on CT,
what is the most active, the most the most you know the pumping the best
or do you have some kind of ritual and specific things you look for everybody's different everybody
has different styles different coins they like to look at some people are more like fundamentals
focused where they need to have some more reasoning and logic in terms of like why they want to buy a
certain asset that's totally fine I know like a lot of my friends that like will write and like
really research and like get into like the weeds of like hey you know I want to buy a certain asset that's totally fine i know like a lot of my friends that like will write and like really research and like get into like the weeds of like hey you know i want to buy this
they have a good announcement coming up they just like they have like xyz cash flow whatever yeah
yeah check their reserves they have good results yeah yeah it's just like it's like there's a reason
why you're buying personally like um i always just have like a lot like a watch list of like
10 different altcoins and like i'll
still do the routine though where like i'll try to look through every single altcoin you know pretty
frequently and just like get a good overall handle of like what you know what it's looking like
because you can clearly see the outperformers the outperformers are going to show their hand pretty
quick and also on the other hand too like they'll show like when they're dying you'll recognize too like if it was just a flash in the pan where um these altcoins like you know
sure they'll have like a three-day pump and then they'll just like quickly retrace you can kind of
see it in the charts and then also like that's where i'm talking about where understanding some
of the basic fundamentals of altcoins of like what they do and what sector they're in like sometimes pumps make sense and
other times like it could just be a shitty announcement where like um i don't know some
random coin like dydx for example like oh they have like some sort of a weird partnership or
whatever like price might spike up like 20 in like the short term but like you know long term
there's really no reason to buy that token. So it just like quickly retraces.
Like that's where understanding some sort of like of the landscape, in my opinion, is important where you can kind of just see if something
like makes sense or it doesn't make sense.
And then also it depends on how you trade too.
If you know, you're more technical analysis oriented,
you're more order flow, whatever, you know,
you'll do whatever type of analysis that
you need.
Yeah.
You know, I used to have this routine of like checking the, you know, just down, just having
a watch list and checking all the coins and how they're performing, like sorting them
by daily performance up until Sandwich Finance stopped working.
Yeah, right.
That was such a good tool. For those who don't know, there used to be a website called Sandwich Finance stopped working. Yeah, right. That was such a good tool.
For those who don't know, there used to be a website called Sandwich Finance
who just had like a watch list download tool
where you could just download watch lists for TradingView
from all the different exchanges.
It was so easy and so nice.
And one day it just died.
I wonder why.
I mean, it was such a useful thing i mean i don't know you know what i think it's probably just uh it was too expensive to run
maybe because i don't know like the the daily update or like it was updated like a few times
a day and just download links and stuff i don't know yeah hard to say but yeah it is what it is um i have one
more question for you but before we go to that question i want to remind everyone that uh on
the bottom right corner you have a chat box icon you can click on it and leave any questions that
you have and we'll touch them in a couple of minutes um but yeah my last question to you is
what do you believe making it is and do you feel like you've made it?
Sorry, you said what is success?
What do you believe making it is? Or success, I'm just saying making it because that's what CT calls it.
making it for me is just doing something I love and continually doing something I love
and having enough money to live the lifestyle that I want to live.
It's not really material object oriented or like, you know,
I don't really care so much about that.
I just more care about enjoying what I'm doing, honestly,
and having fun while I'm doing it and hopefully
doing it with friends and and um i'm thankful that i still love crypto like i mean i don't think
there's any amount of money i could make that that um and i genuinely mean that like you know
if you dropped 100 million dollars in my lap tomorrow i still think that i would go and trade
chick coins you know and do like crazy degenerate shit you know and i i love the
i love the industry you know i talked to a lot of my other friends say oh this is my last cycle
oh no i'm so out after this or if i make x amount of money i'm done
like to me making it is just like doing something that you really enjoy um and and that's why i have
a longer term view of it i guess no i feel like i feel like that's a beautiful answer and that's why I have a longer-term view of it, I guess. No, I feel like that's a beautiful answer,
and that's probably the same answer I would give.
Yeah, I remember I spoke to someone from CT,
and he asked me, like, dude, why are you still active on CT?
Like, you have enough money to, like, just go do something else.
And I told him, like, it's not, well, first of all,
I don't think i have enough money
and um second of all i don't like i don't do that i'm i'm having fun i don't know what about you but
i'm i'm shit posting i'm having fun yeah there's days when ct annoys me yeah there's days where
i'm like frustrated that i'm on cd um but overall i'm i'm having fun i'm having the time of my life
and like every single time i think about it i'm'm just telling myself I'm so lucky to be in this position.
You know what I mean?
100%.
I mean, we get to be in a crazy-ass industry and you log in in your underwear and talk to your friends all day and Telegram and Twitter and trade some shit coins and either make a lot or lose a lot.
There's no better life right
there is no second best yeah for real for real yeah let's try it up um well that's it from me um
it doesn't seem like anyone has any questions um we have nick saying the more indicators you use
the more complicated the more complicated you're trading the simpler the better yeah 100 nick yeah absolutely and also we have uh migmist sharing a
tweet of tom dante saying if you think the cost of this game is merely the amount of money takes
to learn it you're seriously deluded yeah 100 i mean yeah this this uh being a good trader and a
successful trader will like you know it's like that thanos means like what did it cost like
everything like it's kind of like it's kind of true in a lot of ways honestly like you have to
dedicate your your life to it yeah it's kind of funny because you know like when i speak to
a group of friends and we'll get to
this topic of like talking about our jobs and what we do in life and i'll say like dude i love my job
um like my best friend will sit next to me and it'll be like dude what the are you talking
about you're like constantly complaining about the stress and your mental swings and everything
you don't leave your computer enough and you can't take a vacation
without checking the charts at least once a day.
That's right.
Yeah, but I can't explain.
I love it.
I think we're all mentally ill.
I don't know.
A hundred percent.
But yeah.
Well, that's pretty much it from me, man.
Thank you so much for coming.
It's been a really fun conversation.
And I'm really happy we've done this.
Long overdue, if you ask me.
Yeah, I'm so sorry about that.
Yeah, maybe we'll do this again sometime.
Is there anything else you want to add?
No, nothing.
Just, you know, keep going.
Keep grinding.
Don't give up.
I know it's like kind of a weak inspirational thing, but like seriously,
anybody that stuck, every
single person that I know that stuck with crypto
for years and dedicated
a significant amount of time and energy
towards it has
been able to be successful.
I don't really know
too many other people that like, that
haven't had some success with.
They've thrown a lot of energy and time into this thing. so i would just say like keep going if it's something you
really enjoy no yeah definitely i feel like literally i don't think there's one person i
know who's been here for a long time and you know doesn't have a decent amount of just money and
stuff like that well obviously there's like you know Well, obviously there's like, you know, some cases.
Of course, there's people that get wiped out
and what have you, but still.
Yeah, but at the end of the day, if you survive,
if you don't lose it all and, you know,
have some chips left,
you're in the most prized point
of just making a good amount of money
because, you know, crypto is like the gold rush, basically.
Yeah, there is no second best, like you said.
Like, there's no other opportunity that you can make this amount of money in this short amount of time.
And it's such an egalitarian, open opportunity.
You don't need a college degree.
You don't need a lot of work experience.
You don't need whatever.
You can just log in and learn.
It's the most diverse industry in the world like there's
people from all over the world with all sorts of backgrounds you know trying to do the same thing
so yeah and at the end of the day also like um you know i remember i saw a tweet of someone uh
earlier today saying like um how would how do how would people become millionaires without crypto
how would young people become millionaires without crypto and it's kind of
it was kind of funny to me because i i made good money uh when i was younger uh because i sold i
sold one of my like i had a company and i sold it um and it was a it was a marketing company and
i just remember like i was thinking about it for a couple of minutes and i told myself not it's
literally the same thing like yes crypto is risky crypto is a risk you you might waste a couple of minutes and i told myself not it's literally the same thing like yes crypto
is risky crypto is a risk you you might waste a couple of years of your life and a bunch of money
and savings trying to get good at this game and might lose it all but where is that not the case
when you're trying to make it big right because i remember i had my company and i was i swear to god
i was on the verge of bankruptcy like three times
at least you know and i was like putting every single last dollar i've had into the company
and i was like not paying myself any salaries or dividends for like at least a year and a half i'm
sure you have loads of war stories you know in that time owning a business is a it's not
in any way shape or form better than being a crypto trader
it might be a little bit less stressful maybe because you can go to sleep knowing that nothing's
going to happen until you wake up true um but it's it's it really is that it's just that you
have to remember like everything carries risk and the bigger the potential reward is that probably the bigger
the risk and the harder it would be um so yeah like you said it's good it's good advice just
keep on pushing that's the only way to make it here for sure thank you so much for having me
it was a really good conversation thanks for coming mate been a pleasure um and yeah a couple
of points before we finish up um well first of all I said, if you guys don't follow Sherpa, go ahead, give him a follow.
His ad is AltcoinSherpa.
Click on his profile, give him a follow.
I think he's a fantastic addition to every single timeline, especially to the people interested in actual charts and trade discussions.
And yeah, to all of our audience, thanks for coming.
And yeah, to all of our audience, thanks for coming.
As always, pleasure to have you on.
As always, pleasure to have you on.
Any new updates on upcoming episodes, we have an episode every single week.
So if you want to stay in tune, see what guests we're bringing on, make sure to give Kuma a follow.
And we'll be updating there every two or three days about the upcoming episodes.
Also, this episode is recorded.
The recording will be available
once we finish this episode
and you can listen back to it
if you've missed anything,
if you want to take any notes.
And if you're lazy to take any notes,
I'll be posting notes on my account on Monday.
So give me a follow
and Monday around US Open,
I'll be posting notes from this episode.
And yeah, one last thing,
Kuma is hosting these spaces spaces so a huge thanks to them
now live on bear chain and up to 50x leverage on the majors so go ahead and give them a try if you
haven't already um if you click on my profile there's a link in my bio you can click on it for
25 off of trading fees and give it a try we're currently giving out 900 bgt every single day
that's about twenty thousand dollars a week and all you have to do is trade basically the more
trading volume you do the bigger share of the price you take and on top of that we have a
weekly raffle with three winners uh getting four hundred dollars each the more trading volume you
do the more raffle tickets you have and uh all you need to do is trade a hundred dollars in trading
volume and you'll get a raffle ticket so if you want to try to get lucky
that's your opportunity and uh before we finish uh one of the latest tweets on the kuma account
is that the academy is back you can learn the basics of crypto and trading from some of the
greatest uh we'll have guest articles from previous, from well-known figures and stuff like that.
And we just posted the first article from the new Academy,
which is by Nexus.
If you guys don't know Nexus, it's a big loss.
You can check the Kuma account to listen to the previous episode
Listen to the previous episode we've had with Nexus.
we've had with Nexus.
He's a fantastic trader.
I think he's like one of the best news traders I know, actually.
So yeah, if you want to learn about news trading and his news trading strategy,
make sure to check out the Kuma account.
Go to the Academy and read the new article that we posted today.
And yeah, and one last thing,
the Comaniacs, which is the free NFT mint
that we've had on Kuma,
get some extra perks this week.
They got a bonus raffle ticket
for early access and also early access
to events like the Berachian Community
Poker Tournament that is happening,
I think, next week or this weekend i'm not sure
but if you're not holding a comania can you want to play some poker uh with the bear chain community
and um you want to give it that a try you can join a discord of kuma react to the latest
announcements to participate and claim some of those perks well there you have it um yeah once again if you haven't given kuma a try
make sure to click on my bio there's a referral link at the bottom get yourself 25 off of trading
fees i don't even make any money out of this um the referral fees are 100 to you guys i literally
don't make a penny from the referral fees. But yeah, give that a shot.
You don't have to if you don't want to, but we'll be happy.
We're trying to build you the best decks we can.
And yeah, that's pretty much it, guys.
Thanks a lot for coming.
Pleasure to have you on. Pleasure to have Sherpa on.
It was really, really fun.
And yeah, and someone is in the comments asking about James Wynn.
And I can tell you that James Wynn has gotten liquidated just now as we were doing this space.
Good riddance.
Good riddance, yeah, for real.
That's about it, guys.
See you next time.
See you next week.
Every single Thursday we're having an episode.
Give Kuma a follow to make sure to stay on top of that.
And yeah, we'll see you guys next time.
Bye-bye.
