The musical chairs of sovereign debt
Most people spend their entire lives listening to what others say instead of watching what they actually do with their money.
Writer
Carlitos
Half Spanish, half German. In Bitcoin since late 2017, studied psychology, played years of poker and thinks markets are probability, human behaviour and math. · @Carlitoswa_y on X
Sep 28, 2026
Edition 08
Edition 08
Compute is the new sovereign reserve
Forget what people are screaming about on the timeline this week.
Sep 28, 2026
Edition 08
Edition 08
Xi’s panda diplomacy
The entire thesis around the panda lore started in a chat with a few friends, watching the news coverage of Trump and Xi’s summit in China, back in May.
Sep 28, 2026
Edition 08
Edition 08
Trenches idiocracy
Down in the on chain trenches, it is pure PvP. Idiocracy abounds, and if you don’t understand how the food chain works, you are the food.
Sep 28, 2026
Edition 08
Edition 08
Sep 21, 2026
Edition 07
Edition 07
SEC: Tokenized Stocks
The SEC delivered a genuinely massive announcement: opening compliance pathways for tokenized stocks and allowing US crypto entities to operate structured equity rails within domestic borders, see SEC Announcement.
Sep 21, 2026
Edition 07
Edition 07
Clarity Act & Macro
Most market participants expected the Clarity Act to clear the Senate floor without major friction.
Sep 21, 2026
Edition 07
Edition 07
Sep 21, 2026
Edition 07
Edition 07
Trading Psychology
By Friday the 11th, my meme coin portfolio reached an all time high of $151,000.
Sep 21, 2026
Edition 07
Edition 07
Kalshi, IcoBeast & Beni
Over the weekend, a stat circulated from ico showing Kalshi capturing a reported 97.6% market share in crypto prediction volume (ico’s post).
Sep 14, 2026
Edition 06
Edition 06
How you trade says a lot about you
“The market is a device for transferring money from the impatient to the patient.” Warren Buffett
Sep 14, 2026
Edition 06
Edition 06
The screen trap & the myth of technical precision
Most market participants believe trading mastery is built on technical precision: drawing diagonal lines across 1 minute candles, configuring precise moving averages, setting multi tiered take profit…
Sep 14, 2026
Edition 06
Edition 06
The beach strategy: winning by forgetting
The single best trade execution setup is often the one you set and completely walk away from.
Sep 14, 2026
Edition 06
Edition 06
People over complicated dd: the simple edge
Lines, Fibonacci retracements, and indicator overlays look convincing in post market recaps, but in high velocity, reflexivity driven markets, liquidity is social.
Sep 14, 2026
Edition 06
Edition 06
Exit signals: when whales eat shrimp
Psychological detachment also means knowing when to respect macro exit signals, even when your internal bias tempts you to stay long.
Sep 14, 2026
Edition 06
Edition 06
Micro vs. Macro: where are we in the cycle?
Despite short term volatility and market liquidations, taking a step back reveals the broader structural landscape.
Sep 7, 2026
Edition 05
Edition 05
Retail is back, but the plumbing moved
In 2021, the action happened on WallStreetBets with $GME.
Sep 7, 2026
Edition 05
Edition 05
How to spot hot tickers early
If you wait until a ticker hits the top of DEXScreener, you are the exit liquidity.
Sep 7, 2026
Edition 05
Edition 05
Sep 7, 2026
Edition 05
Edition 05
Execution, sizing, and signal filters
Finding the token is 20% of the trade. Execution and sizing carry the rest.
Aug 31, 2026
Edition 04
Edition 04
There’s always a bigger fish
Paper gains are a fugazi. It’s fairy dust. It doesn’t exist until it hits stablecoins.
Aug 31, 2026
Edition 04
Edition 04
Aug 31, 2026
Edition 04
Edition 04
The Robinhood chain & retail liquidity
Despite personal reservations about Vlad and legacy Robinhood shenanigans, ignoring where volume is migrating is a fatal mistake.
Aug 31, 2026
Edition 04
Edition 04
Paper gains, fugazi millions
Consider this scenario: a trader apes $40k into a project around a $1m market cap.
Aug 31, 2026
Edition 04
Edition 04
Aug 31, 2026
Edition 04
Edition 04
Cabal Mechanics: Main Wallet vs. Shadow Network
The most profitable market actors don’t fight liquidity, they engineer it using public visibility:
Aug 31, 2026
Edition 04
Edition 04
Keep your eyes open
Pay attention to what’s cooking.Something quiet is building at 404, the new X account crossed over 500 followers in under 24 hours without a single official post published yet.
Aug 24, 2026
Edition 03
Edition 03
The White House & the $40 trillion math
Welcome back to La Sobremesa. In Edition 02, we talked about curating your inner circle and why holding thesis driven conviction beats overtrading.
Aug 24, 2026
Edition 03
Edition 03
Precision on gold & commodities
Spot gold is trading around $4,640 per ounce, resuming its macro uptrend after a couple months of healthy consolidation following its previous peak near $5,475.
Aug 24, 2026
Edition 03
Edition 03
Market sentiment: early bull dynamics & the paper wealth trap
As Bitcoin Archive pointed out, the bear market is over.
Aug 24, 2026
Edition 03
Edition 03
Stonks & portfolio balance
Crypto is our asymmetric growth engine, but traditional equities belong in every balanced, resilient portfolio.
Aug 24, 2026
Edition 03
Edition 03
Aug 24, 2026
Edition 03
Edition 03
Aug 24, 2026
Edition 03
Edition 03
Crypto timeline: Reputation and the ramifications with Commons
I signed up to commons after Leon told me I should and briefed me on the story behind it.
Aug 17, 2026
Edition 02
Edition 02
Inner circles & high signal alpha
In our first letter, we wanted to give you some background information on ourselves.
Aug 17, 2026
Edition 02
Edition 02
Borrowed conviction & social traps
There was an ongoing discussion this week on X about creators wanting to be traders and how it was easier to make money online before this cycle.
Aug 17, 2026
Edition 02
Edition 02
Aug 10, 2026
Edition 01
Edition 01
Why we write this and who we are
I have always been influenced by multiculturality. Born to a Spanish mother and a German father I never really fit in during my childhood.
Aug 10, 2026
Edition 01
Edition 01
How to build a strong personal brand and paths it can lead you
A personal brand isn’t easy to start. I think it’s a constant reflection of yourself.
Aug 10, 2026
Edition 01
Edition 01
The importance of your circle, networking and people knowing you
I still see myself as a small creator on X. I have about 29,400 followers now.
Aug 10, 2026
Edition 01
Edition 01
Mistakes and lessons along the way
I think one of the things that has defined me the most during these years is my inability to give up.
