stop any management drag by cutting employees that aren’t performing. you need to save your resources, but more importantly, your energy and your team’s energy and focus.
6/ and the last and most important - have empathy.
for yourself. for your team. for customers. for your family and friends.
you are in THE STRUGGLE. it never goes away, it just changes form.
nothing is ever as good or as bad as it seems. and you're doing great!
/fin
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in this thread, i'll quickly outline key data points on #bitcoin sentiment, demand, market structure, and macro conditions
disclosure: i own BTC, obvi. this is not investment advice. DYOR. further disclosures at coinshares.com
2/ let's start w sentiment ☺️
first, investor sentiment:
✅ @blackrock filed to add BTC to 2 funds, CIO has 400k price target
✅ @RayDalio's Bridgewater reportedly issuing BTC research report
✅JPM, Goldman, and other bulge brackets initiated research coverage
3/ next, trader sentiment:
🚨 most important indicator is the forward curve
normally BTC futures trade in backwardation after a price drop.
this time, the curve stayed in contango following drop, meaning market makers are bullish 🐂📈 despite funding rate increase!
1/ let me give an example of how deals are going down in crypto VC - i’ll do a sample equity deal and token deal
deal 1: early stage company raising equity w/ ~$0 revenue in nov 2020
deal 2: token project bootstrapped by anon founders in oct 2020
let’s go 🧠🪐
2/ let’s start w the equity deal. early stage co that was just getting started w monetizing in november. will obfuscate all detail ofc - this is directional.
we negotiated terms to raise $2-3M at a sub $15M valuation w expected revs of $2-3M in 2021.
3/ in Dec, the co did over $1M. Jan to date, the co has beaten its entire 2021 revenue and profit goals.
they cut the round to strategic investors only + raised way less b/c they don’t need money, just help. firms got cut entirely or allocation dropped to $25k (too small!)
1/ as evidenced by the recent corruption of all US systems, from gov't to corporate, securing networks is very difficult to do persistently.
bitcoin is a global telecommunications network that secures financial information.
mining is what keeps it secure.
a short thread!
2/ power in our world is changing
the world's largest and most powerful companies used to own, make, and finance physical inputs and things.
not anymore.
today's behemoths own, maintain, and manage digital networks. and they're bigger than most nation-states.
3/ in the coming decade, we will see a rapid proliferation of digital networks in the energy, compute and connectivity, and capital markets and finance world
as a result, nations will spend trillions of dollars on securing their data and access to global systems and networks
1/ a quick thread on trading, investing, and managing your own psychology.
we've all had moments where hindsight gives us 20/20 vision into a trade, an investment, or deal.
*BUT* we're bad at incorporating these experiences into our future decision-making.
2/ there is not enough self-improvement or mental fitness training out there for our relationship with money 💸 it's a toxic relationship for many
but you can take more ownership and control of your financial decisions by adopting some simple self-improvement practices!
3/ start by keeping a journal of your investing decisions. document *why* you're doing what you're doing.
simple questions:
- why am i investing?
- what are my expectations of return? are they realistic?
- what is the timeline i plan to hold this?
- how am i sizing this?