Welcome to another Nugget of Wisdom! A free post I send out once a week. These are designed to be short and sweet, a quick read to (hopefully) impart some sort of wisdom, or at the very least to get you thinking about something interesting.
This post is sponsored by OVERTAKE
OVERTAKE is a peer-to-peer marketplace on Sui that lets players trade game items, accounts, and currencies with ease. Designed for the multi-billion dollar Web2 game asset market, it uses a multi-signature smart contract escrow to ensure secure, low-fee transactions with instant settlement.
Built for gamers, creators, and entrepreneurs, designed to redefine digital economies and game asset trading.
Sell gaming assets from non-web3 games (such as Path-of-Exile) and earn in crypto.
You don’t have to be the best in the world, you just have to be better than the people you’re competing against
This is something else I learned as a professional poker player: it doesn’t matter if you’re the tenth best poker player on planet earth, if you’re sitting at a table with the nine best players, you’re the sucker, and you’re gonna lose money.
Conversely, you could be the tenth worst poker player on earth but if you somehow stumble into a game with the nine people worse than you — you’ll probably come out on top.
Extreme examples, but the point stands.
Too many people get caught up in their ego about being “the best”. They are competitive, they are proud, they have something to prove, and not only do they want to be the best, they want the rest of the world to know they’re the best.
Leave your ego at the door. If you don’t, this space will humble you. One way or another. It happens to the best of us, and it’ll probably happen to you too at some point (despite reading this right now).
A few different ways I see this manifest itself in crypto:
Trying to trade on leverage, pitting yourself against billionaire whales and funds that can manipulate the market
Trying to snipe or trade new launches manually, pitting yourself against the best bots in the business
Trying to trade memecoins, pitting yourself against the cabals and insiders who are bundling and launching the damn tokens themselves
The list goes on. There are a tonne of easy and lower risk ways to make money in crypto, the easiest simply being Just Buy and Hold Bitcoin. But it’s not fun or sexy or challenging and so most people want to do more.
So find the easier things. Find the PvE opportunities. Don’t try and be a hero and leverage trade against whales. Instead, airdrop farm, get some discord roles, wait patiently for some surefire wins (like the Plasma sale or the upcoming MegaETH sale).
Why put yourself in harder positions than you need to?
Why give the market an easy opportunity to humble you?
Remember what your goals are (most likely: to make money, to improve your life).
It doesn’t matter if you make money by outsmarting whales or you make money because dumb big protocols that have too much money are making it rain for no good reason.
One route is much easier than the other.
Take the easy route.
Shameless plug here but I try and find and share easy routes for my premium subscribers, sign up below to get 20% off a yearly subscription 👇
Southpark did an episode on prediction markets, Tom Brady said “check the Polymarket” live on national TV, and total weekly prediction market volume just crossed over the $2bn mark for the first time ever, surpassing the heights of the 2024 presidential election:
