0xcryptowizard

Siddhartha is a thin book.

At first glance, it seems to be about Buddhism, but upon further reflection, it actually encompasses the path of seeking truth in all aspects, including trading.

Stage One

Seeking outwardly, reading, asking the wise, trying it yourself, discovering that the so-called 'wise ones' are merely echoing others' words.

Even encountering the Buddha may not resolve the inner confusion; one realizes that all paths and all Buddhas are not just a set of principles, but need to be felt and experienced personally.

Just like in the beginning of trading, we read books, learn, and follow others step by step, only to find that many principles are facts rather than truths; many teachers are merely imitating the steps of others.

Stage Two

Seeking inwardly, experiencing, trial and error. Siddhartha experienced everything the world had to offer: love, power, money, indulgence in drinking, and addiction to gambling.

Then, he realized what the opposite of the path was, recognizing the nature of demons, which allowed him to outline what the Buddha truly is.

In trading, we experience and undergo all kinds of mistakes and foolishness; we may become angry and reckless gamblers, and because of a big win, we might become arrogant, thinking that this line of work is trivial, that we are gods, that we are money-printing machines.

Stage Three

To lose is to gain; to be lost is to attain enlightenment.

One day, Siddhartha awakened, fled that life, and even contemplated ending his life; he lost his lover and even his only son. He saw himself in everyone’s faces and recognized what compassion truly is.

Just as in the depth of trading, we discover that mistakes are like this, human nature is so foolish, and only after losing everything do we understand what should not be done, what to avoid, and to adhere to the correct, simple principles of our own trading.

BTC breaks previous high, the second wave of altcoin rally is about to start, next leg up

🐿️🥜

btc is one step away from a new high
eth is twice as far from a new high

The BTC weekend scam has reached a level of 5 stars in terms of outrageousness. I can't imagine which short-term trader could get it right; anyway, I was left stunned watching the show.

Every era has its opportunities

1980s-1990s
Opportunities in business

2000s-2020s
Opportunities in the internet and mobile internet
Opportunities in Chinese real estate

2010-Present
Opportunities in cryptocurrency
Opportunities in AI

There are always people who haven't made money, claiming their era is bad, and that good opportunities have been taken by predecessors.

Is it possible that, just like looking back at historical K-line charts,
seeing that making money in others' eras seems easy,
but when it comes to one's own era, it becomes challenging?

Every era has its opportunities

1980s-1990s
Opportunities in business ventures

2000s-2020s
Opportunities in the internet and mobile internet
Opportunities in Chinese real estate

2010-Present
Opportunities in cryptocurrency
Opportunities in AI

There are always people who haven't made money, saying their era is not good, and that good opportunities have been taken by predecessors.

Is it possible that, just like looking back at historical candlestick charts,
it seems easy to make money in others' eras,
but when it comes to one's own era, they cannot play the game.