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I Made Millions Trading Bitcoin but Then I Discovered My True Calling: Being Poor and Eating Ramen Noodles for Every Meal, It’s a Real Thing

Crypto NewsDeFiInstitutional Investors 2 Doug Martinez August 22, 2024

An illustration of a person sitting at a desk with two computers in front of them: one displaying charts from 2017-2022 on perpetual futures trading platforms (e.g., Binance Futures) while another displays institutional market data. The trader is looking back-and-forth between the screens, wearing headphones and holding a coffee cup as they appear to be reflecting on their experiences. In the background there are scattered papers with notes from past trades, charts of different cryptocurrencies, and books about trading strategies. A ramen noodle bowl sits empty in front of them.

The crypto bros really have no idea what they’re doing when it comes to trading do they? First off, let me just say that being an institutional trader is not exactly rocket science (although I’m sure some of you might find the math involved in derivatives a challenge). It’s all about managing risk and having access to more capital. Now, these guys are dealing with hundreds of millions of dollars on block trades – can you imagine? That’s like trading 100x your entire portfolio at once! And they’re not just speculating on some altcoin or DeFi token either; nope, it’s all about the big leagues: Ether (ETH), Solana (SOL) and other major players. I mean, who needs to chase those elusive 100x gains when you can make a tidy profit of $10 million with minimal risk? It just goes to show that these crypto bros are in way over their heads if they think they’re going to outsmart the institutional traders.

Source: cointelegraph

A few lessons I learned as an institutional trader
https://cointelegraph.com/news/lessons-learned-as-institutional-trader
It’s rare that a person has an opportunity to experience the financial markets through the lens of both an institutional market maker taking down hundreds of millions of dollars on block trades. However, I’ve been in the cryptocurrency trading space since 2017 when I was a freshman in college. I played through the ICO bubble, when I traded altcoins instead of studying for finals. I went through the summer of […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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