I listened to another pod by Steady Lads(Link_) with a guest listener who was bull on Sol. Earlier this evening I also went out for beers and over my shoulder while getting up to leave saw two men looking at the crypto market on their phones. This was the second time this month I encountered irl people discussing the market outside of those who closely monitor markets. The first time was a week ago when two friends of mine brought up BTC. I take that as a signal to start winding down my positions into Stablecoins. My take on stablecoins after listening to the episode was confirmed when the guest was speaking of what is crypto going to be used for which in my opinion are payments, TX. Speculation on all the tokens is akin to stock picking which shows that in some years some picks will perform well and most will dwindle and close like GMC and BBB. I currently have 80% positions in BTC, followed by ETH, STX, then DOT, and then a long tail of last cycle coins, and meme coins. Interpreting those events I decided to not subscribe anymore to the BTC standard, but acknowledge that USD-denominated stable coins from today to, for now, tomorrow are the reserve currency. I don’t think pontificating on where the state will rise and fall is constructive to my portfolio.

In other news, I'm finally coming around to the idea of trading. I'm learning that much day trading involves, probabilities, human psychology, and detachment towards the underlying value of the contracts moving back and forth.

Moving toward November I am winning down my BTC positions and then speculate on the outcome of the US elections before eventually taking a step back from market exposure to practice more on day trading.

If BTC is digital gold and gold is a hedge for inflation, and fear then that is not my concern.

I listened to another pod by Steady Lads(Link_) with a guest listener who was bull on Sol. Earlier this evening I also went out for beers and over my shoulder while getting up to leave saw two men looking at the crypto market on their phones. This was the second time this month I encountered irl people discussing the market outside of those who closely monitor markets. The first time was a week ago when two friends of mine brought up BTC. I take that as a signal to start winding down my positions into Stablecoins. My take on stablecoins after listening to the episode was confirmed when the guest was speaking of what is crypto going to be used for which in my opinion are payments, TX. Speculation on all the tokens is akin to stock picking which shows that in some years some picks will perform well and most will dwindle and close like GMC and BBB. I currently have 80% positions in BTC, followed by ETH, STX, then DOT, and then a long tail of last cycle coins, and meme coins. Interpreting those events I decided to not subscribe anymore to the BTC standard, but acknowledge that USD-denominated stable coins from today to, for now, tomorrow are the reserve currency. I don’t think pontificating on where the state will rise and fall is constructive to my portfolio.

In other news, I'm finally coming around to the idea of trading. I'm learning that much day trading involves, probabilities, human psychology, and detachment towards the underlying value of the contracts moving back and forth.

Moving toward November I am winning down my BTC positions and then speculate on the outcome of the US elections before eventually taking a step back from market exposure to practice more on day trading.

If BTC is digital gold and gold is a hedge for inflation, and fear then that is not my concern.