a $2520 investment of mine in $SNX under 2 years ago is now worth about $500,000++

so yeah, it's not turning 50k into 5mil
only need 25k to make 5 mil https://twitter.com/BitcoinAgain/status/1309944615575879681

survivorship bias, of course

im sure many ppl that made concentrated bets into stuff that didnt turn out well are mega rekt af

guess, "im lucky"

but i agree with @DeFiGod1 that diversification is a meme that is meant for more beta returns and risk mgmt, not profit maximization

i dont know whats the secret sauce or formula

i've had only a few good home runs
lots of just decent swings
plenty of bad ones as well

but i think as the space progresses, the window of opportunity to make such supernormal profit closes

ive maintained that the edge of playing in the crypto market is the absolutely broken risk/rewards

imo the reason why the risk/rewards are broken are because our participants are really stupid and this makes for tremendous asymmetrical bet opps on the market's inefficiency

as the tradfi guys come in and suck out all the returns, the skew will get less and less

apeing into uniswap gems perfectly 10x in a row wont help you make it, the depth simply isnt there

imo there's 1 / max 2 cycles left before a $50k to $5m dream is practically impossible

anyway, it doesnt even matter if you can pick the next 100x gem

because can you hold it until 100x?

how many will "sell to recover capital and let the rest ride"? https://twitter.com/iancassel/status/1307491073128890368