Empire Hivemind: BTC's $100K Run, Ethena's Yield Meta, and Our Bull Market Bets
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Dec 7, 2024 Bitcoin's surge to $100k sparks a lively debate on market psychology and the power of conviction over fear of missing out. The discussion shifts to Ethena's yield mechanisms, challenging traditional DeFi narratives. Listeners also dive into the evolving landscape of AI's role in cryptocurrency, exploring innovation amidst skepticism. The team tackles potential corrections in crypto markets and highlights the necessity of strategic investment amidst emotional trading. Prepare for insights into the intertwining worlds of money and technology!
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Focus on High-Conviction Trends
- Don't try to get ahead of every market narrative in a bull market, as you'll likely end up being late.
- Focus on identifying a few potential trends and invest in those with high conviction.
Conviction Over Rotation
- Chasing short-term narratives in bull markets can be mentally taxing and often unproductive.
- Focus on high-conviction investments and avoid spreading yourself too thin.
Avoid FOMO and Rage Chasing
- Avoid emotional chasing in bull markets, especially when others seem to be outperforming you.
- Focus on your own strategy and resist the urge to FOMO into low-conviction trades.