Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
As the markets and weather heats up, the bears have started to sweat. We’re already seeing short squeezes in certain risk on assets. While the bulls haven’t taken over completely, the bears have finally shown some vulnerability.
As more money starts to flow back into our pockets we need to be vigilant against scammers.
You don’t want to go from crypto bro to crypto broke again.
I’ve already seen adult content creators start to market to the crypto lonely…
https://finance.yahoo.com/news/trance-tech-executive-got-scammed-183000490.html
Market speculators can feel like lottery winners when they win but what about the thousands of losers?
Upon reviewing my trading records my net worth should be AT LEAST TRIPLE what it is now.
I should have just stuck with the premier assets that have a proven track record instead of chasing the next big thing.
Scammy marketers make false comparisons to former big winners “If you missed out on Bitcoin, here is the NEXT billion kajillion percent crypto winner!
They trot out the POTENTIAL 150,000% winner.
They loudly proclaim the EXPONENTIAL AGE is coming!
The only exponential thing you usually get are losses.
Crypto insiders, venture capitalists, and marketers don’t make money by being generous (except for maybe Satoshi Nakamoto).
They need suckers to make them rich. Put these guys on a diet!
Generally speaking even good stocks like NVIDIA take awhile to generate life changing gains. From 2003 $10,000 grew to over $2,000,000.
https://money.usnews.com/investing/articles/nvidia-corp-nvda-stock-investment-worth-today
Almost NOBODY holds for 20 years to get the big reward, at the same time you shouldn’t expect to make 100x in 10 days.
But this is a patience problem. Marketers prey on our impatience and shine a light on fast gains but keep the risks in the dark.
For example scamtubers like to use thumbnails with “High Win rate 90%+” but the wins are small dollar amounts compared to what you can lose.
The expected return is skewed towards the loser.
There’s always a catch somewhere.
A slimy trick that scamfluencers like to use are option trades to generate triple digit gains for the marketing ads.
Let me illustrate with a simple option credit spread on NVIDIA.
At the time of this writing you could sell this NVDA call spread for 52 day return ($95/$405) for 23%, if you do this the entire year you COULD make 164%.
If only life was this convenient!
What if you take a loss? Or what if you can’t get the same return on the next set of trades?
This type of misleading return reporting is how paid “alpha” groups exert peer pressure from paid mods.
Ironically they are populated with low IQ betas.
They try to make you feel inadequate if you try to leave.
But at least you can fade them!
They make more money from marketing (ad revenue, sponsorships, subscriptiosn) than actual trading
You can see this across different platforms like Fintok, Twitter furus (fake gurus) and Scamtubers.
Some add insult to injury with layers of marketing funnels and upsells!
Panda: Always ask yourself How am I going to get f*cked on this trade
Troll’s Granny: I LOVE getting f*cked!
Panda: That’s not what I mean!
Troll’s Granny: Now you got me all hot and bothered! I demand satisfaction!
Panda: Why is that my problem?!?
Troll: Buuut Panda! If you don’t satisfy Granny we’re not getting dinner!
Panda: Aagh!!!
My dear frens and subscribers could you help a panda brotha’ out? While we wait for the bull market to come back any tip would be greatly appreciated!
As in real life, there are no free lunch (or free dinner from Troll’s granny) in trading.
Regular trading at best is a zero sum game.
It’s even worse with crypto trading it’s a negative sum game!
First you have to pay high spreads when you swap from fiat to crypto. Then you have to pay gas fees to do transfers on the high value chains.
Of course you could try your luck on the cheap and fast chains (maybe even ETH layer 2s).
If you want to speculate on trashy gambles keep it small and let it prove itself. If it actually performs. CASH OUT and keep your profits safe.
If it turns out to be a turd oh well at least you kept your speculation small.
Keep your Bitcoin and Ethereum in a self-custody solution.
Don’t let scumbags dump on you this time.
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!
