CL207, a pseudonymous cat crypto trader, shares his journey in the crypto market, memorable trades, and his thoughts on the current cycle. He also discusses viewing crypto as a game, yield farming and thoughts on BLAST, 'fundamentals' in crypto, and the role of influencers. The podcast also covers topics like utilizing Crypto Twitter, common traits of successful traders, and the absurdity of Unisocks.
Being an anonymous online personality in the crypto world presents challenges in building meaningful connections but allows for freedom of expression.
Understanding price movements and focusing on leverage rather than just holding Bitcoin is crucial for significant returns in crypto trading.
Social media, particularly Twitter, has a significant influence on the crypto markets, highlighting the importance of being aware of trends and influencers.
Deep dives
Challenges of Being an Anonymous Online Personality
The speaker discusses the challenges of being an anonymous online personality in the crypto world. They mention that it can be difficult to build meaningful connections and friendships because of their constant travel and lack of stability. However, they also highlight the advantages of being able to express themselves freely and say whatever they want without fear of consequences.
Starting Out in Crypto Trading
The speaker shares their journey of starting out in crypto trading. They talk about initially thinking they could get rich by simply buying and holding Bitcoin, but realizing that they needed leverage to see significant returns. They became more fascinated with understanding price movements rather than focusing solely on profits. They also mention getting lucky and being hired by a fund, which allowed them to gain more experience and knowledge in trading.
The Role of Social Media in Crypto Markets
The speaker discusses the influence of social media, specifically Twitter, on the crypto markets. They point out that attention and influence play a significant role in the rise and fall of various cryptocurrencies. They highlight the importance of being aware of social media trends and influencers, but also acknowledge the potential risks and manipulations that can occur within this dynamic.
Value of Yield and Passive Income in Crypto
The speaker emphasizes the value of yield and passive income in the cryptocurrency market. They discuss how earning yield and receiving stable points or tokens can provide convenience and potentially cheaper fees compared to traditional payment methods. They see great value in having globally accessible financial instruments and open participation in the crypto market.
Navigating Crypto Twitter and Finding Alpha
The speaker talks about the importance of networking and navigating Crypto Twitter to find valuable information and potential investment opportunities. They suggest that following smaller, lesser-known accounts can provide unique insights and alpha, rather than solely relying on larger accounts. They also highlight the importance of making your own decisions and continuously learning in the volatile crypto market.
Episode 7 of Crypto Market Wizards, a new interview series focused on crypto traders in the trenches of the liquid markets. Today we have CL207 talking about his crypto journey and what it's like being a pseudonymous cat. He also shares some of his favorite memories from the last cycle and how he tries to be a "happiness maxi." CL is the most humble cat I've ever met!
Crypto Market Wizards is an ad-free and sponsor-free podcast.
CL's Twitter: https://twitter.com/CL207
Premium Discord: https://whop.com/humble-farmer-army
Free Newsletter: https://hfaresearch.substack.com/
HFAResearch Twitter: https://twitter.com/HFAresearch
Crypto Market Wizards Podcast: https://twitter.com/CryptoMarketWiz
Taiki's Twitter: https://twitter.com/TaikiMaeda2
Free Telegram: https://t.me/+3LgpNxIgJ4IzY2Fh
My mission is to create high-quality, digestible (ad-free) content that helps separate signal from noise for DeFi/NFT enthusiasts. I do not run YouTube ads, participate in seed investments, nor do paid promotions. Not Financial Advice.
Timestamps:
0:00 Origin Story of Cat
3:03 CL's Crypto Journey
9:46 Memorable Trades
12:54 Thoughts on Current Cycle
15:55 Viewing Crypto as a Game
20:11 Yield Farming & Thoughts on BLAST
22:43 "Fundamentals" in Crypto
27:55 CL's Trading Style
30:54 Thoughts on DeFi
35:45 Other Sectors like RWAs
40:37 Role of Influencers in Crypto
44:05 Thoughts on Friend.Tech
46:57 How to Utilize Crypto Twitter
48:45 CL's Trading Style
51:28 Common Traits of Successful Traders
56:17 Biggest Misconceptions about Crypto
1:01:00 CL's Relationship with Unisocks
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