Umar✓

Kevin O’Leary says he wept when Rolex gave him a watch even its own staff had never seen. “Grown men weep just looking at pictures of this mystical beast. Does it exist? I got on my knees and begged for it.” “The morning before the Oscars, the phone rings. They gave me an address and said, ‘Be there.’ And there it was.” “The entire Rolex staff had never seen it. All the dealers from around LA came to see it.” “For an hour we looked at it. We didn’t touch it. We just looked at it and said, ‘It’s real.’” “I did, and I wore it. I was weeping. It was mine. I own it. Do you know how many people have that piece? Maybe nobody.”

Cobie reveals the mindset required to survive crypto for the long term “People have become increasingly short-term, desperate and panicked. Whenever the market falls, they think it’s over forever, and whenever it rises, they can’t enjoy it because they’re trying to sell the top.” “It’s much better to look five or 10 years into the future. If you believe something in this industry could become important, allocate capital according to your own beliefs.” “If you’re fundamentally bearish on everything, crypto makes you angry every day and you’re only chasing the glory of previous cycles, find another hobby.” “Crypto can be a great way to build wealth, but it rarely happens as quickly as you expect. It’s a marathon.” “Spending four or five years in crypto is a terrible use of your time if you don’t believe in what you’re doing, because you’ll doubt yourself every day.”

FT @notthreadguy @cobie @counterpartytv

Threadguy points out how peaceful the 2010s were compared to the apocalyptic simulation we live in today “It feels like every week in markets brings another world-ending event that people will eventually study in school. Maybe this is insensitive because I was young, but the 2010s felt relatively calm compared with everything happening now.” “Every day now seems to bring another enormous market, political or geopolitical canon event.” “COVID felt like the beginning of the mayhem. Since 2020, the world has seemed trapped in a nonstop cycle of chaos.”

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Ethan Prosper explains the mindset that pushed him to make it through memecoin trading “It’s crazy how, within one year, you can go from having everything you need to suddenly having it ripped away from you. It was terrible in the moment, and I wouldn’t wish it on anyone. But it activated a natural survival instinct inside me.” “It was the instinct telling me that I needed to lock in, figure out what I wanted to do and find a way to make it. You don’t need to know exactly what your path is yet. You just need to start trying.”

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Capital Flows says gold is the cleanest hedge for the world ahead “Gold is the cleanest hedge for the world we’re moving into, based on what the market showed us earlier this year.” “The equity selloff wasn’t caused by a recession. It was triggered by tariffs threatening a global system built on 40 years of trade, debt and credit relationships.” “When equities sold off, gold was the only asset that rallied. Bitcoin and the dollar sold off alongside stocks.” “The world’s central banks, corporations and countries recognize the risk. They’re buying gold because they cannot afford to be without it if this capital structure unwinds.”

FT @notthreadguy @Globalflows @counterpartytv

Threadguy explains why chasing a hero trade is the wrong way to build wealth “There’s a doom thesis spreading through Solana that you only have a finite period to make it. You need to hit the hero trade right now because it’s now or never.” “My only reaction is to reject it. I’m 23, and I refuse to believe my future children will have only a few years to make it before being trapped in a permanent underclass.” “You have to reject the doomer mindset that says you need to make it right now. Bet on yourself and take a longer-term outlook.” “Most miserable crypto traders have a six-month horizon. Looking five to 10 years ahead gives you more time to be precise, calculated and pursue longer-term opportunities.”

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Cobie explains why traders should never measure success by someone else’s PnL “In 2021, Three Arrows Capital seemed to come out of nowhere. I had been in crypto since 2012, yet within a year they had surpassed me many times over.” “It made me question whether I wasn’t taking enough risk, wasn’t smart enough or wasn’t tactical enough.” “I started feeling envy and jealousy. I had just experienced my best year ever in financial markets, but all I could think about was how much better everyone else had done.” “Comparison really is the thief of joy, and that mindset is incredibly poisonous.”

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Qiao Wang says Zcash being an agile Bitcoin is the ultimate bullish thesis “Over the next five to 10 years, we’re going to get quantum FUD every other week. People will start asking which coin has the best quantum roadmap, and by far, it’s Zcash.” “At a deeper level, Zcash is basically Bitcoin that adapts. Bitcoin doesn’t move or change, while Zcash has strong stewardship and can continue releasing upgrades.” “Today, the major threats are privacy and quantum computing. Twenty years from now, it could be something completely different.” “The Zcash thesis is that it can continue adapting to whatever the latest threat becomes.”

FT @notthreadguy @QwQiao @counterpartytv

Qiao Wang says Bitcoin’s 15-year thesis remains unchanged “My time horizon is much longer than the average Crypto Twitter trader. They may be bearish on next week or next month, but over a three-to-five-year horizon, the Bitcoin thesis hasn’t changed.” “Governments haven’t stopped printing money, and Bitcoin’s fixed supply isn’t going away. The thesis that has held for the last 15 years remains intact.” “We know the technical solution to Bitcoin’s quantum threat. The real challenge will be governance, particularly deciding what happens to Satoshi’s coins.” “If you’re genuinely worried about Bitcoin’s long-term risks, own some Zcash. You shouldn’t be overexposed, but Zcash is probably the best Bitcoin hedge for both privacy and quantum resistance.”

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Cobie reveals the shared trait of traders who reach $100,000,000 “The common thread among people who make $100M in crypto is that they’re highly self-directed. They don’t read Crypto Twitter and ask what trade to copy, they form their own opinions from first principles.” “They record what they thought would happen, compare it with the actual outcome and create personal training data. That recursive loop continuously improves their mental model of the world.” “The people who blow up take enormous risks. The people who make it and keep it are satisfied with what they have and are willing to be cautious.” “Crypto makes it easy to become a multimillionaire and still feel broke because someone else has more. Stop benchmarking yourself against other people or your imaginary all-time-high net worth.”

FT @notthreadguy @cobie @counterpartytv

RT @blknoiz06: it's always darkest before dawn, job not finished happy monday

Cobie says he is grateful for internet fame despite its unintended consequences “I don’t really regret becoming Cobie because so much of my life exists because I started this stupid Twitter account. It would be ungracious and ungrateful to regret it.” “I do occasionally regret doing the podcast.” “It felt unnecessary, the upside for me was never clear, and I think it brought mostly downside.”

FT @notthreadguy @cobie @counterpartytv