Stay Solvent in these Irrational Markets

Efficient markets? Bullshit.

We all know that the traditional markets are shit at pricing stuff.

The crypto markets are even worse, with more people at the extremes. Extremely intelligent people pushing the frontiers of this technology, and extremely stupid people hoping to get rich without understanding anything. The latter outnumbers the former 9 to 1.

Anyway, the point is that the crypto markets are extremely inefficient at pricing things.

I always use DGD as my example, because it was one of the few things that I was EXTREMELY sure that the market was pricing incorrectly.


During this particular "wtf gmgh u stoopid shit" zone, a lot of people were questioning my thesis regarding buying DGD.

It got particularly worse during the January period when DGD was trading at up to 40% below NAV.

A few people stuck in the boat as me were doubting themselves. 


I had many many conversations like this around the period when DGD was severely underperforming the market. While many people were dejected about the short term price performance of DGD (and recommending to buy the dip in Tronix or Ripple, FFS), I wasn't too worried about its long run price because I knew that when the market find its value, DGD would be trading much higher.

And I put my money where my mouth is. DGD was my biggest position, by a massive margin.


This is not a post saying that DGD will go higher.

Also not a post about me being awesome.

This is a post about me highlighting how the markets are extremely terrible at pricing.

I've been buying ETH heavily since $700+, and I just executed more buys at these levels. It is not easy to overcome emotions and be buying into these kind of depressed markets, especially when every TA chart points to even lower lows and no one is predicting a recovery for at least months away.

But I don't make money following what other people are saying. My money, my choice.

I make money buying things cheap, and then selling it high.


I am still in triple digit % profits even after injecting lots of fresh capital to buy this savage dip. I still have more ammo left in my war chest, and I'm not afraid to use it.

As always, this is not an invitation for you to do anything. Just watch me get rekt or rich - only one will happen.

Either way, you've gotta admit, this is some entertaining shit.

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