Excellent article on Investor psychology & Market cycles based on Howard Marks' "Mastering the Market Cycle".
cc: @dmuthuk @Gautam__Baid
✔️Mania and risk
"The combination of feedback loops and irrational exuberance, where newfound expectations and enthusiasm, encourages investors to bid up and rationalize extraordinary growth in asset prices.
An understanding of where attitudes to risk sits within the current investor psychology cycle can be a useful knowledge advantage.
Marks believes that the biggest source of investment risk is when investors believe that there are no risks at all.
It is helpful to consider the extent to which optimism or pessimism is incorporated into current asset prices. Skepticism is needed when mass optimism or pessimism is in excess. Contrarianism at the right moments is an important ingredient for successful investing
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THE MONEY PRINTING GAME:
A pleb's guide to using @Keeper_DAO's hiding game to acquire $Rook below market price and arb it like a pro.
Before reading this thread, please read this one to provide a bit of context:
https://t.co/jLeUJRIjLG
Here we go!
1/
Before we really get into the meat of this... please do understand that the hiding game is currently in alpha. Hardware wallets don't work w/ it yet (they will soon).
Sometimes orders go unfilled (improving every day).
2/
A bit more context:
Limit orders on an amm aren't limit orders in the traditional sense. They are actually arbitrage opportunities for keepers. Keepers are bots that operate in the dark forest of ethereum.
3/
Now, let's say you use a service like 1inch or matcha to set your limit orders.
Let's say eth is $900 and you want to sell at $1000.
Eth pumps to $1040 rapidly, a keeper fills your limit order for $1000... everyone is happy. But wait... who gets the extra $40 here?
4/
Hint: it's not you! But what if you could?
This is where the hiding game comes in.
https://t.co/6sBlUWfw00
When you submit a limit order through the hiding game, @Keeper_DAO takes the $40 (or w/e amount) referenced above (this is MEV) and pushes it to the treasury.
5/
A pleb's guide to using @Keeper_DAO's hiding game to acquire $Rook below market price and arb it like a pro.
Before reading this thread, please read this one to provide a bit of context:
https://t.co/jLeUJRIjLG
Here we go!
1/
Ok I couldn't resist myself...
— 0x_Infinitum (@CryptoMessiah) February 3, 2021
OOOONNEEE more $Rook post.
Before i get into the REALLY cool shit i want to talk about, let me discuss the arb mining mechanics that were present during the initial distribution phase.
See this image, that's the keeperdao treasury.
1/ pic.twitter.com/Z2sMsZN9jo
Before we really get into the meat of this... please do understand that the hiding game is currently in alpha. Hardware wallets don't work w/ it yet (they will soon).
Sometimes orders go unfilled (improving every day).
2/
A bit more context:
Limit orders on an amm aren't limit orders in the traditional sense. They are actually arbitrage opportunities for keepers. Keepers are bots that operate in the dark forest of ethereum.
3/
Now, let's say you use a service like 1inch or matcha to set your limit orders.
Let's say eth is $900 and you want to sell at $1000.
Eth pumps to $1040 rapidly, a keeper fills your limit order for $1000... everyone is happy. But wait... who gets the extra $40 here?
4/
Hint: it's not you! But what if you could?
This is where the hiding game comes in.
https://t.co/6sBlUWfw00
When you submit a limit order through the hiding game, @Keeper_DAO takes the $40 (or w/e amount) referenced above (this is MEV) and pushes it to the treasury.
5/
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🌿𝑻𝒉𝒆 𝒔𝒕𝒐𝒓𝒚 𝒐𝒇 𝒂 𝑺𝒕𝒂𝒓 : 𝑫𝒉𝒓𝒖𝒗𝒂 & 𝑽𝒊𝒔𝒉𝒏𝒖
Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W
Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela
The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.
One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.
Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W
Prabhu says i reside in the heart of my bhakt.
— Right Singh (@rightwingchora) December 21, 2020
Guess the event. pic.twitter.com/yFUmbfe5KL
Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela
The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.
One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.
Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
