survival

how does one survive purely off crypto tech outlasting governments whilst profit maxxing?

JJK art by unknown

The idea that trading crypto is just Regulatory Arbitrage.

Understand that crypto is just operating outside the bounds of a government. Term coined from Blurr’s appearance in Taiki’s podcast. Let’s dive deep into this: at the very core, profiting in crypto is to take advantage of understanding basic supply and demands economic models outside of government regulation. Where there is regulation, there is smaller margins. The most prominent example of this is memecoins and MEV (maximum extractable value) on-chain. There is nothing a government can do to intervene with these actions as they are fully decentralized. But the truth is, on-chainoors have no where to go but to be terminally on-chain. Why? Because on-chain profits are the truest form of profit in a capitalistic market. Where one can find an edge, get a taste, and learn to repeat the process publicly while staying anonymous; the result is a skill of gaining more skills. An unbeatable form. Some examples are:

• Dev’ing tools or MEV bots,

• Trading, Sniping,

• Sniping/Botting,

• Launching coins,

• Exploiting

Of course there are much more examples. And there different levels for each and every different example I listed. These are all tools that allow you make money outside the realms of government intervention. Now

Wealth goals in crypto & individual sustainability in the field of RA

Goals should exist but they ALWAYS change. Setting goals in crypto are oddly individualized. For example, it could be building a protocol, scaling a business, or even just honing in on a profit skill (mentioned above). The best goal for a RA trader should to become an anonymous king. I’ve been on set for a long time that my goal is to make X amount of money by Y date. But after 5 years, I’ve learned this is the wrong take, because my intent is to advocate in crypto forever. And to set an “exit” plan is to retire. And why give up your edge or retire after you become so prevailing in the skill which allows you to profit better than anything else in this world anonymously? The best tip is to never tell anyone how much you currently have, Nobody. And if they ask, assume it’s because you’re a target for something. But unfortunately, sometimes anonymity must be sacrificed when building protocols or businesses. However, reputation in crypto can never stay perfect. By creating a digital identity, leads a perfect way to establish influence whilst not being a target. Considering the identity portrayed is not flashy and has quality OPSEC. Avoid tying pictures & flashiness with IRL social media. The reason is to avoid being a target. All things followed, consider getting multiple citizenships. Best countries are Vanuatu, Saint Kitts, Costa Rica, Switzerland, Singapore. These are tax-haven’s and heavily support anonymity. Here, it’ll be a lot easier to diversify crypto earnings into multiple other businesses.

Managing your mind

To think clearly in crypto during immense volatility is the strongest suit and is usually a skill gained after years of experiences. This skill to fortify your temple of a mind from any externalities is that in itself, a superpower. Most learn this after multiple cycles of being blown up. Aka going broke. I can’t count the amount of times I’ve sold too early, bought too late, missed out on millions, and lost millions. The best tip I can give is find a coping mechanism. Mine is:

If the universe will, then it will, and if I die, I die.

As long as the coping mechanism allows you to always push forward, then so be it. Here is a solid quote from GCR:

Staying out of depression is one of the hardest things after getting blown up. The pro tip is that every “blow-up” should serve as a mental reset and most importantly, a lesson learned. Since then, peak net worth means nothing. Size before is not the same size as now. Welcome to zero.

Skills of Journaling, write everything down

The best way to keep a clear mind is to write it down. Every loss, every win, every trade, every thought. Why did I think this? Why did I change my thought process? The best traders I know, are able to understand themselves so much to a point where the intuition they’ve built whilst trading is second nature. And that intuition is to understand that not every smart decision will be exited with profit. That is the second best skill, which is to have the ability to acknowledge what is a smart decision and a dumb one before it’s made. Essentially risk management, but in the mind. This is a thesis-driven mindset, not a sprint. The thought process of a executed trade should come before, not after. Otherwise, it’s gambling. There is no way to distinguish preordained mistakes from preordained rewards unless a clear mind is established. Before entering a trade, think to yourself, why am I making this decision? and under what circumstances will I fold or exit? Only then you’ll be able to live with a clear mind because the plan (that wasn’t driven by emotions) was always set in place. Whilst writing out your mind, you’ll come to realize that to invest in a coin correctly, means to articulate a thesis with solid points and backings. The third best skill to have is to be fast with crafting a thesis. This is where the edge is gained in PvP. To be able to craft up a thesis 1hr vs 72hrs means submitting to opportunity cost. Crypto is a game of speed without reason. The faster one comes up with a thesis and puts the money where the mind is, the more they will end up winning in the end % wise.

Sizing

Sizing in crypto means everything. I preach concentrated bets and love denominating assets in other assets. Essentially deriving value from alphas. At the beginning of the year, I was hyper-bullish on $PURR. All memecoin profits lead to more sizing in $PURR. The thesis was, this was the only memecoin that can give high risk exposure to the Hyperliquid eco (which was growing exponentially). The play would rake in points, and hopefully go up since PURR was also deflationary. Currently, $PURR at $0.118.

I particularly like concentrated bets because they reap the most reward. When in attempt to go from 5 → 7 figures, the competition in trading multiple coins daily (day trading) is just too far -ev for the mind in my opinion. The fourth skill here is to adapt new trading strategies for different levels of port reached. For example, a 100k trade cannot be executed with the same strategy used to go from 1k → 10k on pumpfun. The result here is to be aware of your liquidity constraints and always look at the size in which you’re playing against. I find myself always betting on some type of exchange during crypto cycles. RUNE, Woo, Uniswap, Jupiter, and now Hyperliquid. The way I see it, these are the powerhouses that crypto is built on. And by betting on these, you’re betting on the growth of the industry. So therefor, I concentrated size into my thesis. Here is the link to the thesis:

hyperliquid.

The final skill here is learn how to adapt quickly. Externalities always change. But internal principles should be refined and constant.

all writing by knick on plane ride or at 3am in deep thought. No ChatGPT, only raw thoughts with inspiration drew from those I witness.