(2) dynamics of the markets (law of large numbers, bitcoin, ethereium and pareto distribution of smaller coins, most price movements of the market are driven by a handful of coins, very high correlation of coins (especially when prices are crashing), diversification makes sense for capturing upside but not for protecting downside, anti-cyclical investing), also talk about crypto influencers (hindsight bias, connecting the dots in the past, attributing price movements to certain ivents in the past, analyzing the top 100 coins today is stupid, analyze what happened to the top 100 from 5-10 years ago, survivorship bias)