4909
Zeneca
@zen #4909
Writing weekly long-form posts here: zeneca.xyz
12996 Follower 386 Following
And there we have it — next 3 weeks of newsletter posts scheduled
Time to mostly check out and go afk
Or who knows maybe I turn this into a travel and food blog for a bit
Either way, much less posting, much more touching grass and honeymooning
Glhfdd
Time to mostly check out and go afk
Or who knows maybe I turn this into a travel and food blog for a bit
Either way, much less posting, much more touching grass and honeymooning
Glhfdd
It’s funny but also sad because it’s true 😭
think i found some bots lol
Thinking of writing an extremely comprehensive guide on crypo security next, since the airdrop guide seems to have been well received
Any other topics people want to see covered in depth?
Any other topics people want to see covered in depth?
Wrote an absolutely giant guide on airdrops and airdrop farming, in case you’re interested in the topic or know someone who might be: https://www.zeneca.xyz/p/letter-58-the-ultimate-guide-to-airdrops
“Passive income” is almost always a trap to get unwitting first cyclers to be exit liquidity
If someone is doing math along the lines of “just by holding/staking/whatever I’m making X per day, which is Y per year, which is insane!!” they’re probably soon going to be humbled
You *can* make mostly passive income in crypto, but the yield is usually like 5-15%
Always always always ask “where is the yield coming from”, and if you don’t have a good answer for it.. run
Lastly, if it sounds too good to be true, it almost certainly is
If someone is doing math along the lines of “just by holding/staking/whatever I’m making X per day, which is Y per year, which is insane!!” they’re probably soon going to be humbled
You *can* make mostly passive income in crypto, but the yield is usually like 5-15%
Always always always ask “where is the yield coming from”, and if you don’t have a good answer for it.. run
Lastly, if it sounds too good to be true, it almost certainly is
My timeline just doing some phenomenal things
Most trading is just gambling
Most traders have a gambling addiction
Most traders have a gambling addiction
Copywriting is an invaluable skill, but it is also one that is being speed run into oblivion by AI
It was actually already speed running to oblivion before AI as the number of people copywriting exploded in recent years, not least because the most common thing people wrote about was “how to be a copywriter” 🙄
The nice thing now is that the floor has risen so basically everyone can write decently with the help of a robot — but if you want to take it to the next level, you have to inject some humanity and be original and unique
Show some flaws. Tell your story. Be relatable. Stand out from an exponentially growing crowd. Tell the truth.
Basically, wear your emotions on your sleeve and be unabashedly human.
Your content game will go far, and as a bonus, you won’t bore the internet to death!
It was actually already speed running to oblivion before AI as the number of people copywriting exploded in recent years, not least because the most common thing people wrote about was “how to be a copywriter” 🙄
The nice thing now is that the floor has risen so basically everyone can write decently with the help of a robot — but if you want to take it to the next level, you have to inject some humanity and be original and unique
Show some flaws. Tell your story. Be relatable. Stand out from an exponentially growing crowd. Tell the truth.
Basically, wear your emotions on your sleeve and be unabashedly human.
Your content game will go far, and as a bonus, you won’t bore the internet to death!
Taking a book into the bathroom instead of your phone will increase your life EV so much
I’ve always found it a little perplexing how much weight people tend to put on “the 4 year cycle” of crypto
Maybe there’s now a significant self fulfilling prophecy element to it all, but it’s a hell of a lot of conviction based on something with a sample size of… 3?
And now you have people cherry picking graphs from random years in the past that kinda look like the charts today, chosen over some arbitrary timeframe, and talking about how the number is going to go in the same direction it did last time this happened
Maybe there’s now a significant self fulfilling prophecy element to it all, but it’s a hell of a lot of conviction based on something with a sample size of… 3?
And now you have people cherry picking graphs from random years in the past that kinda look like the charts today, chosen over some arbitrary timeframe, and talking about how the number is going to go in the same direction it did last time this happened
Money generally flows from the impatient to the patient
You can actually make (or save) soooo much money by practicing a little patience:
- Set limit orders over market buying the top
- Choose NOT to buy something
- Compound gains over the long term
You don’t have to find a 100x to make it. Chances are every time you try, you’re just getting further away from your goals.
I should know, I’m often impatient and would do a whole lot better if I had more self control wrt aping the top of random things 🙃
You can actually make (or save) soooo much money by practicing a little patience:
- Set limit orders over market buying the top
- Choose NOT to buy something
- Compound gains over the long term
You don’t have to find a 100x to make it. Chances are every time you try, you’re just getting further away from your goals.
I should know, I’m often impatient and would do a whole lot better if I had more self control wrt aping the top of random things 🙃
Be so good they can’t ignore you.
I love this quote.
It’s the realest answer to anyone’s questions about “how do I mint out a collection? How do I find collectors for my art? How do I get a lot of followers? How do I get users for my app? How do I succeed at anything?
Work harder. Work smarter. Learn more. Upskill. Network more. Increase the surface area of your luck.
Be so good they can’t ignore you.
I love this quote.
It’s the realest answer to anyone’s questions about “how do I mint out a collection? How do I find collectors for my art? How do I get a lot of followers? How do I get users for my app? How do I succeed at anything?
Work harder. Work smarter. Learn more. Upskill. Network more. Increase the surface area of your luck.
Be so good they can’t ignore you.
If you’re in a state of anxiety, fear, panic, etc because of the markets — step away from your computer and go do something active. Lift weights or go for a walk or anything that gets you moving and away from the charts.
You won’t make good decisions in that state, and you want to clear your mind. When you have a clearer mind, go through and evaluate all your holdings.
List them all out and start ranking them by level of conviction, from highest to lowest.
Then ask yourself the question: “if my portfolio was liquidated to stables today, would I rebuy all of these tokens?”
If there is anything you say “no” to, you should probably sell it now — even if it’s down 90% from its ATH (remember, just cause something is down 90% doesn’t meant it can’t go down another 90%)
This is especially true if you answer “no” to anything with low conviction
I find this exercise helpful regardless of the market conditions, but I find it especially helpful during periods of peak mania and peak fear
You won’t make good decisions in that state, and you want to clear your mind. When you have a clearer mind, go through and evaluate all your holdings.
List them all out and start ranking them by level of conviction, from highest to lowest.
Then ask yourself the question: “if my portfolio was liquidated to stables today, would I rebuy all of these tokens?”
If there is anything you say “no” to, you should probably sell it now — even if it’s down 90% from its ATH (remember, just cause something is down 90% doesn’t meant it can’t go down another 90%)
This is especially true if you answer “no” to anything with low conviction
I find this exercise helpful regardless of the market conditions, but I find it especially helpful during periods of peak mania and peak fear
I’ve done better this cycle than last, and my crypto portfolio is still down 70% from where it was 2-3 months ago
I could be wallowing in self pity about that but it’s useless, you can’t change the past
One of the best “hacks” I’ve found for feeling better in times like these is to always discount your portfolio “all time high” number
You all probably know exactly what it is - when number was going up every day and you were refreshing your portfolio or updating your spreadsheet all the time… there was an all time high number
You’ll NEVER get out with that number, and almost never anywhere even close to it.
Honestly, if you get out with even 50% of your ATH you’re doing better than most.
When you accept that, it makes it a bit easier to stomach when you’re down bad
I could be wallowing in self pity about that but it’s useless, you can’t change the past
One of the best “hacks” I’ve found for feeling better in times like these is to always discount your portfolio “all time high” number
You all probably know exactly what it is - when number was going up every day and you were refreshing your portfolio or updating your spreadsheet all the time… there was an all time high number
You’ll NEVER get out with that number, and almost never anywhere even close to it.
Honestly, if you get out with even 50% of your ATH you’re doing better than most.
When you accept that, it makes it a bit easier to stomach when you’re down bad
My chart making skills are something else huh
If you're feeling anxious / stressed / depressed / fearful by the markets... you're not alone
Pretty sure the majority of people are feeling some degree of it atm, so don't be too hard on yourself
I think it's generally a sign of being overexposed when the market can cause you significant stress (certainly if you're at the point of losing sleep, then you went too hard)
You can't change the past but you can learn from it and try to avoid making the same mistakes going forward.. and that's all any of us can hope for
One tip I can't recommend enough: keep a journal.
It costs nothing, and is the single best way you will improve as a trader / investor. It has the added benefit of mollifying your emotions most of the time too :)
Pretty sure the majority of people are feeling some degree of it atm, so don't be too hard on yourself
I think it's generally a sign of being overexposed when the market can cause you significant stress (certainly if you're at the point of losing sleep, then you went too hard)
You can't change the past but you can learn from it and try to avoid making the same mistakes going forward.. and that's all any of us can hope for
One tip I can't recommend enough: keep a journal.
It costs nothing, and is the single best way you will improve as a trader / investor. It has the added benefit of mollifying your emotions most of the time too :)
Everyone is so hell bent on trying to get rich quick by trading, but the honest to god truth is almost everyone would do better if they worked a job and just DCA’d into Bitcoin (and maybe like ETH and SOL)
My goals for March have been
1/ Write for 30 minutes every day
2/ Exercise for 30 minutes every day
So far so good, and it's clocking up to be my most productive month in a long time. Go figure.
1/ Write for 30 minutes every day
2/ Exercise for 30 minutes every day
So far so good, and it's clocking up to be my most productive month in a long time. Go figure.
I round tripped 8 figures last cycle. A few things I learned:
- It’s almost always better to sell too early and miss out on gains, then to hold too long and round trip the bag. This is because eventually, almost everything trends to zero, so even your “early sell” is likely going to make you look like a genius in a few months/years
- If you ever take a PnL screenshot of how much you’re up, sell. You don’t have to sell your entire position, but it’s usually an excellent time to at least trim 20-50% of it.
- Most people on this app have absolutely no idea what they’re talking about. Often the loudest and most confident voices know the least, while the quiet and self questioning ones are full of wisdom.
- You can’t borrow conviction. If you buy something because someone else did or told you it was “a hidden gem”, you’re almost guaranteed to fumble the bag. They’ll dump on your head while you’re still anxiously waiting for their next tweet or YouTube video to tell you what to do.
- It’s almost always better to sell too early and miss out on gains, then to hold too long and round trip the bag. This is because eventually, almost everything trends to zero, so even your “early sell” is likely going to make you look like a genius in a few months/years
- If you ever take a PnL screenshot of how much you’re up, sell. You don’t have to sell your entire position, but it’s usually an excellent time to at least trim 20-50% of it.
- Most people on this app have absolutely no idea what they’re talking about. Often the loudest and most confident voices know the least, while the quiet and self questioning ones are full of wisdom.
- You can’t borrow conviction. If you buy something because someone else did or told you it was “a hidden gem”, you’re almost guaranteed to fumble the bag. They’ll dump on your head while you’re still anxiously waiting for their next tweet or YouTube video to tell you what to do.
Want to feel some nostalgia / depression?
Throwback to a Daily NFT Floor Price Update I did on Nov 30, 2021
Some highlights:
- Punks at $363,433
- Apes at $213,303
- Cyberkongz Genesis at $367,612
- PUNKS Comic at $35,565
- Cool Cats at $34,187
- Gutter Cat Gang at $16,423
and...
- Pudgy Penguins at $4,845
I think on the entire list (including the much longer version not shown in the screenshot), they're the only project trading at a higher price today than back then
Throwback to a Daily NFT Floor Price Update I did on Nov 30, 2021
Some highlights:
- Punks at $363,433
- Apes at $213,303
- Cyberkongz Genesis at $367,612
- PUNKS Comic at $35,565
- Cool Cats at $34,187
- Gutter Cat Gang at $16,423
and...
- Pudgy Penguins at $4,845
I think on the entire list (including the much longer version not shown in the screenshot), they're the only project trading at a higher price today than back then
Have seen this, can confirm it’s v cool and useful - recommend anyone building things to reach out to betty
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Saw this the other day, hellofa wake up call
Think the math is optimistic, but still, I spend way more than 3hrs a day on my phone / behind a screen
Think the math is optimistic, but still, I spend way more than 3hrs a day on my phone / behind a screen
I think I unlocked a new nerd level tonight by procuring a physical (usage) dictionary in the year 2025
Okay i'm back and this time going to make a concerted effort to post here more. There's no big coin blowing up, no view to making money, just want another cool place to hang with good vibes -- my twitter experience continues to get worse
Still can't leave there but will try balance both again
Who are your favourite follows here? Looking to follow some more interesting peeps
Still can't leave there but will try balance both again
Who are your favourite follows here? Looking to follow some more interesting peeps
