gaming -> crypto
crypto as a transition for a competitive PvP gamer >>
art by: ?
What turns a gamer into skilled trader is their ability to understand the full depth of a rule within the game and adapt to it. Whether it’s mechanically, socially, or logically. Rules are systems and standards created by parties to shift power. Where there are rules, there is opportunity.
mechanical rule is a rule that is set in stone by code. “unbreakable” by nature within the game involved.
social rule is a non measurable rule that people have a consensus on. but can be exploited (dirty).
logical rule is a self-implicit rule that affects rational thinking. leading down to behavioral → decision making.
Empathize enough to understand the incentives and motives of everyone involved for each rule enough times, then it’ll be second nature to make an educated guess on the outcome. From here, weighing out risk/profit/loss will be natural intuition built after X amount of times. Building intuition in a crypto environment means to have confidence in your ability to quickly assess the rules, the incentives/psychology on all sides, and make a decision.
Fortifying emotions: The only thing that should surprise you is a situation you never expect. But the strength lies in the reaction. ex. How much of your emotions are being swayed based the coin you’re in dropping down 30-40% in <1hr? Logical rules are hard to hone in on in crypto because it’s really only something you learn over time. The unexpected can always happen, it’s just a matter of did “I” plan for it?
In crypto, profiting from social rules is just arbitraging the scale of incentives. Some might not believe in the coin, some might will. Specifically in memecoins, news creates the meme & sociality spreads the virality. And the chart is exactly a representation of that. Essentially balancing out the system created (buyer vs seller) aka, holder market. An example of social rules: during a memecoin roar with attention constantly on the specific coin, holders determine the price on the liquidity pool bonding curve.
Price up/down = coin going from weak hands → strong hands over time.
Edge gets dull → must get a new knife.
The best skill that transitions for gamers is adaptability. Be adaptable but remember the core rules for each system, and how to “game” it. The thing I learned with most gamers is that they are incredibly adaptable. Crypto is the perfect avenue for a PvP gamer because intuitively, these rules are already known. I like to think of crypto as the evolution of Fortnite. From just shooting, to full-on building/editing + movement. And it’s like this in many cases for crypto (ICOs, DeFi, NFTs, Memecoins).
Back then, we had stock brokers sitting in trading desks, taking phone calls for trades every day sitting next to each other at Wall Street. Modern day-trading desks are FNF’s who consists of prev. gamers sitting in calls, constantly looking for an edge whilst trading news and volatile market movements. The top 1% of these individuals are the ones who act faster on news, dive down rabbit holes, and minimize emotions.
Now, the market will not be like this forever. Trends come and go. Mechanical rules last a bit longer in the aspect that different games appear. Whether it’s a memecoin-attention token priced by emotions of market participants, a new crypto mobile game, an airdrop operation, a DeFi farming protocol, or just a new innovative crypto project; these “games” all have systems that allow someone to win or lose if there is (or will be) a token.
And that is where the competitive gamers will utilize their edge.