THIS COULD GET WORSE!

A lot of people on my timeline believe that the @deepseek_ai issue could be confined to traditional markets - THEY ARE WRONG!

Let me break it down for you.

🧵 Deepseek is a Chinese AI that can compete with the likes of OPENAI, META, CLAUDE and the others.

However instead of costing billion of $$ to develop it allegedly cost $5,5m.

The model also requires a fraction of the computation to run and train.

Whilst this is a great breakthrough and will make AI faster and more affordable, there is an issue

Please remind me of the following in the 2023/24 Bull Market.

1. Work Hard.
2. Stay Humble.
3. Be Consistent -whatever the market conditions.
4. Protect your integrity at all costs.
5. Protect your audience at all costs.
6. Be over-transparent all the time.

1/ 7. Make many mistakes - Be honest when you do.
8. Fail fast & try again, fast.
9. Grow those that grow the family.
10. Work with cool people , only.
11. Listen to criticism- even from the smallest accounts. They saw $LUNA, you didn't.

2/

Last night’s FOMC & aggressive posturing by the FED is just noise , shouldn’t affect your investment thesis at all, and, specifically in this industry it may actually be the biggest opportunity of your life!

Here’s why, a 🧵….

1/10 The global markets & the FED are currently fixated on inflation, interest rates, supply chain disruptions etc.

These are all short term issues that will be resolved in the next 12-24 months.

2/10

Over 70% of people that have invested in Crypto are down on their investments today.
If you are part of that 70% you, this thread may help you get some perspective.

1/8 2/ Firstly, note that you are viewing your portfolio after the biggest crypto collapse of all time. Over $2trillion has been wiped! We may not be at the bottom, but we are certainly nearer to the bottom! In a few weeks or months, your portfolio will probably look better.

Last tweet on @CryptoCapo_ .

Capo has been around for a while and previously wasn't very accurate or well known.

To his credit, he did call this crash very very well! He called the market down & rode his call to the bottom, just like many called the market up to the top.

1/13 But, like those that called the market up and continued on the narrative even once the market turned, Capo found his narrative calling the market down & as the market went down, he built a following and momentum, but also got trapped in a narrative, "down"!

2/13

Some thoughts on TERRA 2.0.

(Probably won’t win me any points with the community and will definitely hurt my bags!)

A thread 🧵… 1/ Crypto is all about a magic combination of:
- identifying ideological problems.
- creating a technology to solve them.
- building a community of passionate developers to build amazing products to solve the problems.
- building a passionate community of investors and users.

As a 2015/19 double Crypto bear market survivor, the biggest lesson I learnt is that beating a bear market is about one thing; PATIENCE.
All you need to do is SURVIVE until it turns & trying to rush a bear market will wipe you out. Here are a few other tips that may help. A 🧵... 1/Firstly, come to terms with the fact that the bear market will last way longer than you anticipated, just like the bull market ended way sooner than you predicted. A bull market is a sprint, a bear market is a marathon. Prepare yourself mentally for a tough road ahead!

I have been speaking to some of our investment companies that were building on $LUNA about what happened and what their next moves are. It's finally time for me to write a thread🧵. 1/7 Firstly, the builder community on $LUNA is in a league of their own. Exceptionally smart and resilient. $LUNA has a great community. 2/7