The Blockcrunch Podcast
On a Tangent #2: How We Survive Bull and Bear Markets in Crypto - Darryl Wang and Jason Choi
Aug 8, 2024
Darryl Wang and Jason Choi, prop investors at Tangent, delve into survival strategies for navigating the volatile crypto market. They discuss key insights from H1 2024, including developing an edge as an investor and understanding bull/bear inflections. Jason and Darryl explore the implications of recent ETH ETF launches and share their early experiences in the crypto world. They also highlight the intersection of crypto and AI, emphasizing the importance of diversification in investment approaches while addressing the evolving dynamics of the market.
01:00:41
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Quick takeaways
- The podcast highlights the volatile nature of crypto markets, emphasizing the importance of quick interpretation and strategic positioning during stagnation.
- Darryl and Jason discuss the necessity of capital preservation strategies in turbulent market conditions, advocating for pre-defined risk limits to mitigate losses.
Deep dives
Market Response to Political Events
An assassination attempt on a political figure highlighted the complexities of market responses to significant news. Initially, Bitcoin's price remained stable in the wake of the event, indicating that investors struggled to interpret its implications. Over a few days, however, the market shifted, eventually pushing Bitcoin's value from around $60,000 to $63,000. This case illustrates the importance of quick interpretation in the crypto market, as periods of stagnation can offer strategic positioning opportunities for investors.
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