Financial Freedom Seeker?
A personal journal entry through market madness – Take no notes, its bullshit.
Why do you invest in the first place? To get rich? Were you told to buy an index to save money? What is your why? The majority don’t even have “why” anymore. To get more money to buy more shit? I do this to make myself immune to government idiocy. Without the why, you don’t work hard, and you won’t stick to the plan. Instead, you get fucked in this crazy market.
Yes, I am a narcissistic little fucker who thinks 95% of the market participants are massive idiots.
The markets have become the wildest casinos on the planet. The best thing about it is you feel more intelligent when you lose money on the markets instead of the slot machines.
It’s not about preserving your purchasing power, and it’s not about finding awesome companies, it’s not about putting a ton of work into research and finding exciting ideas, it’s not about finding those ten baggers even anymore, everybody wants the 100x. Get rich fast.
We FOMO. Everything feels scripted like an EA game to give that piece of dopamine and then punish us with torment - Are you living by the script or crafting your own?
The world has become highly idiotic. I have tried to question the top of idiocy for the past three years, but it feels like it is getting more idiotic. When will the pendulum swing in the other direction? From Harambe 2016, it started to swing toward idiocy.
The efficient market exists in textbooks. It is also very counterproductive to cry about how everything is shit, and nothing has real value. The massive speculation pendulum is also peaking. Can it go a little bit further, or is the sobering starting?
The sobering thought starts only when everybody gets wiped. So far, true capitulation has only happened in crypto (FTX scam, etc.), so there is no capitulation? This rally from the start of the year feels like the perfect trap. Currently, a soft landing is a consensus, but should the 10y and 30y rates be higher?
We retailers can go with the flow and FOMO to stupid shit earlier than the talking heads. Currently, it feels that retail doesn’t care. They just YOLO to shit and want 10-100x to escape? Look at the crypto market now, WTF. I was working on an article on COIN 0.00%↑ I can't help but feel it's all a bit absurd, especially how hard it already ripped. Check also $GLXY
I want some exposure to this madness, and Coin is the easiest bet here. I’m already long as fuck on Bitcoin. The on-chain metrics look fantastic. I am still extremely bullish on Bitcoin long-term.
It’s hard to wrap my mind around the fact that the stock market is almost at an all-time high, and speculation on crypto is getting out of hand. All this after the most aggressive rate hikes? Should the longer rates be higher if we enter an exponential growth era?
Crypto is, again, hot shit. It was radioactive poison for one year. I thought the “crypto winter” would last longer… One last rug pull? I would be more bullish on this shit if this rally were not so stupid. It’s only pure MEME-coins or some AI-shit that looks like a punch of ninth-graders did it. Just when I think crypto has reached its peak of idiocy, it astonishes me yet again, pushing the boundaries of idiocy to new heights. I just wonder WTF.
99% of it is still a scam, but it is not going away. The ETFs are coming, and Binance risk is now dissolved - this legitimizes crypto. It is not going away, hate it, love it or whatever. The most hated shit tends to run hardest.
No matter what happens, Bitcoin, Crypto, and technology are not going away. My thesis still holds that they will be around in 2030.
Don’t FOMO to shit. (You are the exit liquidity).
Bet only the amount you can afford to lose. (No leverage)
Don’t go all-in to this shit 1-5% is enough.
You will get rekt, and you deserve it.
I remain cautious. Everybody is screaming 📈 FED will ease. We need to wipe everybody at least once. It would be too idiotic if everybody front-running the “smart money,” and then we idiots just get to drive into the sunset carefree?
In this grand circus of the financial world, where the clowns often turn out to be the masters, it's a spectacle where common sense is the rarest commodity. In this relentless chase of riches, one can't help but wonder - are we, the market participants, the wise players? Or just pawns in a game where idiocy is the queen? Does it even matter? Cut rates and print money to save the rich…