Crypto Market Wizards Navigating Crypto Ponzis with Game Theory w/ Jordi Alexander
Dec 30, 2023
Jordi Alexander, a crypto trader, shares major lessons learned from his experience in tradfi and crypto markets. Topics discussed include the negative sum nature of ponzi coins, understanding fundamentals, managing time in a 24/7 market, big winners in the crypto market, individual financial responsibility, diversification strategies, predictions for the 2024 cycle, and dealing with haters in the crypto space.
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Jordi's Background
- Jordi Alexander's background is non-traditional, starting with professional poker.
- He transitioned to high-frequency and discretionary trading in traditional finance before focusing on crypto.
TradFi vs. Crypto
- Traditional finance experience provides a foundational understanding of market fundamentals, which is lacking in many crypto natives.
- However, it also necessitates unlearning "boomer" mentalities to adapt to crypto's volatility and unique dynamics.
Crypto's Negative-Sum Nature
- The "(-4,+2)" meme from OlympusDAO illustrates that crypto is often a negative-sum game.
- Costs like server upkeep and exchange fees make many crypto activities net negative for participants overall.