Compilation of the best GCR nuggets
Alpha in its purest form
If you managed to get to my blog, there’s a strong chance you know who GCR is, but I’ll shortly introduce him anyway :
He’s an anon trader who got a lot of attention during the 2021 bull run, mostly because he seemed to nail absolutely every move. What was even more impressive is that his most famous trades were on the short side of parabolic assets, and that he trades with size (so he was able to flex multimillion PnL on several trades that appeared very risky).
For example, he publicly shorted the tops of $DOGE in May 2021, $SHIB and then the metaverse coins in November 2021 (peak bull run), and also $LUNA in 2022 before its collapse (he got in the $10M bet with Do Kwon).
GCR is now probably the most worshipped trader on CT, which also means that he’s way less vocal than during the last bull run about his positions and opinions, but you can still scroll through his timeline to see all his past tweets. That’s exactly what I did, and I think a lot of his takes are really worth being bookmarked and reread regularly.
As I already did the job of saving his best nuggets for myself, I might as well share them in a public article, so here it is. Below, you will find a list of screenshots of his most insightful tweets, with embedded links to the tweets.
Some of his alpha concentrated in a few bullet points :
Round numbers are Schelling points, ie either a potential support or resistance, especially when there’s no rationale for the valuation.
Low unit bias has a gravitational power on retail : why would you buy less than a 10th of a bitcorne when you could own millions of dogcoins (… that are 10000X from $1) ?
Don’t short micro / small-caps : if GCR follows this rule, you surely should do it too.
What is strong tends to remain strong, and vice versa. Cutting your winners to add to your losers is a bad strategy, and you would usually be better off doing the opposite.
From the SNL x Musk show, fading every DOGE pump was one of the highest hit-rate trade you could take.
GCR edge has nothing to do with drawing lines on charts or any complex strategies, his edge is simply… intuition (yup, not a satisfying bullet point, I know).
New coins have an advantage over old coins : lots of hope, lack of bagholders.
The way the market reacts to news gives you a lot of information on the bias (bullish or bearish) and mood of the market participants, and is more important than the truthfulness of the news.
Cleanse your mind of you peak net worth.
During alt cycles, you should maximize risk at the the beginning, and slowly reduce it over time, but most people do the opposite.
Asia / China will fuel the next bull run.
Bottom is in on both $BTC and $ETH. GCR flipped bullish after FTX debacle.
Most people that have long-term conviction would be better off holding BTC and ETH rather than trading.
ETH to $10K is programmed.
NB : GCR initially tweeted from his @GiganticRebirth account, but he has now switched to his @GCRClassic account. You will also find below a few tweets from “MingXMecca”, an ephemeral GCR alt account that didn’t even exist one month long in January 2023.
Long panic sell from DeFi exploits :
The way the market reacts to news is very informative :
“Inverse sell the news event” :
Never short micro to small caps :
Intuition is the best edge :
Low unit bias effect has gravitational power on retail :
Cleanse your mind of your peak net worth :
DOGE is the easiest coin to trade by fading the catalyst-driven pumps :
Why take profit on shorts ?
A short can be a trade or an inverse investment :
The future of NFTs :
Hard round numbers are Schelling points :
Rotations and copycats :
Fading Elon Musk inspired DOGE pumps :
Do not try to catch knives :
Gaming the airdrop chart pattern :
Go all out in networking :
The famous “decentralized casino” thesis :
News trading :
Relative strength or weakness to equities is often a laggard effect :
GCR shorted the picotops of some of the craziest pumps :
Bet on unit bias :
The advantages of new coins :
China and Asia will fuel the next bull run :
Strong tends to remain strong :
The “low float thesis” :
Inverse supercycle :
Best performing coins with worst tokenomics :
Winners win and losers lose :
Crank up risk at the beginning of an alt cycle :
Best indicator to know how much juice is left in an alt season :
Spot long-term bags :
Study 2019 and 2020 :
ETH at $10k one day is programmed
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