Episode 22 of Crypto Market Wizards, an interview series focused on crypto traders in the trenches of the liquid markets. Today we have Bainy Zhang from Fisher8 Capital (AKA hedgedhog7 on Twitter) to discuss where we are in the cycle and why he's generally bearish the markets. We also get into discussions around balancing health vs wealth and the tradeoffs we make being in crypto.
This was recorded on August 8th.
Crypto Market Wizards is an ad-free and sponsor-free podcast.
Guest's Twitter: https://x.com/hedgedhog7
Join the Humble Farmer Army: https://whop.com/humble-farmer-army
Free Newsletter: https://hfaresearch.substack.com/
Free Telegram: https://t.me/+3LgpNxIgJ4IzY2Fh
Taiki's Twitter: https://twitter.com/TaikiMaeda2
Humble Farmer Army Twitter: https://twitter.com/HFAresearch
PODCASTS:
Crypto Market Wizards: https://www.youtube.com/playlist?list=PL6bwqqJO_txgGQySGK5-HSuTPp0LjeGqA
Steady Lads: https://www.youtube.com/@0xSteadyLads
Taiki is the founder of Humble Farmer Army, a community-driven research company founded in 2021 with a mission to create high-quality, digestible content that helps separate signal from noise for DeFi enthusiasts.
Timestamps:
00:00 Introduction
3:01 Hog's Market Outlook
9:17 Thoughts on ETH Underperformance
13:34 Dealing with Being Wrong
16:59 Being Right with Conviction
24:26 How to NOT Baghold
26:52 How to Make it this Cycle
31:56 Are 4 Year Cycles Over?
33:31 Hog's Trading Style & Heuristics
37:40 Life without CT
40:33 How do You Trust People?
43:21 Wealth vs Health
50:41 Growing Pessimism/Cynicism
54:38 Successful Traits of Traders
56:43 Advice to Younger Self
1:00:22 Valuation Models
1:04:32 Final Words of Wisdom
