The cyclical nature of crypto markets can distort the average TradFi individual. After all, Bitcoin volatility is typically 2-3x that of the VIX at any given time. The current paradigm includes two cyclical trading environments: PVP (Player v Player) and PVE (Player v Environment). 

During periods of recessed price action, it takes a specific type of trader to be successful – particularly ones with robust emotional control. These markets are incredibly PVP  – trading mainly against other individuals who are either highly experienced or have a strong passion for the blockchain industry. These trading conditions are harsh and unforgiving. Deep pockets relative to position size are essential to cover prolonged funding rates or continually averaging into positions. Additionally, these markets are unforgiving – you make a mistake, and it can be completely wip