Post
Topic
Board Trading Discussion
Re: Quit My Full Time Job to Trade Cryptos Full Time
by
octomon
on 22/04/2021, 00:56:21 UTC
Ok guys, first off, thank you for the kind words. I really appreciate those of you who are encouraging while almost apprehensive of the risks im taking. Because there is tons of risk in this space, and i think about my risks everyday . The decision to move in to this space full-time wasnt taken lightly , but it was mainly driven by the fact that what i was currently doing for work was burning me out , not allowing me to get ahead , and not making me happy.


This risks so far are paying off and there are signs it may continue to pay off well in to the future. There are risks for sure. But right now my biggest risk is if certain algorithmic stable coins lose their peg. And from my perspective that risk is the cost to entry to being a successful market maker/capital allocator in this space. 

Let's just say my new job is the most rewarding and most fun , game-like job i've ever had in my life. Remember rollarcoaster tycoon? Or lemonade stand tycoon (lol), well what the crypto space has become, with the insane amounts of defi chains and defi dapps popping up (ETH: curve, uniswap, 1inch, syntetix, compound BSC: pancakeswap, acryptos , cream (also on eth),venus, TERRA : Mirror, Anchor ,terraswap, and more recently THOR chain and solana)

My new job feels like im playing DEFI Tycoon, where the goal of the game is to find trading strats , or investment opportunities that provide the least amount of risk and most amount of profits , the more money you make the more you can diversify your investments and the more you can potentially* earn.