"In the world where most are told they shouldn’t talk about politics we end up with 'political specialists.'
Elected officials, lobbyists & their occasional challengers become the ones that control what is discussed & important."
"This leads to more and more concentration of power and less and less impact by the individual citizens. It threatens the very routes of our democracy." medium.com/swlh/dont-talk…
If crypto is all about decentralization, then talking about politics (of protocols and nation-states) to decentralize who makes decisions about our values, should be held in the highest regard.
And it's hard, because @Twitter can be one of the nastiest conversation venues on the internet, and unless you build a following based off "politics," talking about it tends to lose followers (not in self-interest wrt follower count)
1/ If your friends associate you with Bitcoin, Ethereum, or any part of crypto, you’re probably getting Qs about what to do. It’s tricky to guide someone from where we are currently ($BTC ~$100K), especially if they’re an inexperienced investor. Some learnings from 10+ years of watching this dynamic play out...
2/ Establish that every action they take is their responsibility. You may have more knowledge or experience, but that doesn’t make you infallible. No one knows anything for sure about markets. The only people you know for sure are lying, are those who say they “know for sure.”
3/ Try to give them context on where we are currently in the cycle. To me, we're 2 years into this bull market (bottom in the chart below is Nov/Dec 2022).
From the bottom 2 years ago, $BTC is up > 6x, $ETH is up > 4x, and $SOL is up > 30x.
In the last bear, one of the reasons @placeholdervc focused on @solana was a belief that it would be the normie-chain w/ its speed, low fees & smooth UX. That's playing out with memecoins & more.
But we've been @ethereum supporters since inception, and that hasn't changed... 🧵
This cycle, though @ethereum may lose "normie-share" to @solana (already is), the community should continue leaning into cementing the network @ the center of the Internet Financial System (IFS). The IFS will grow in relevance into the back half of this decade, onboarding even more normies than we currently see.
.@solana & others will come for the IFS too (already are), but @ethereum has a solid foundation as it's over a decade old, with brand awareness 2nd only to #Bitcoin, deep liquidity, and implementations like @base drawing corporate eyes.
People on CT showcase far too "mutually exclusive" an attitude when they approach investing -- perhaps it's a product of how social media rewards sensationalism. First it was either $BTC or $ETH. Now it's either $ETH or $SOL. Next year it will be something different 🧵
Much better imo to build a balanced portfolio where you cut losers when you realize they're losers, but then firmly hold winners and let them compound. Big winners are relatively easy to spot, and best to buy in a bear. Hence why I tell newcomers to start w/ $BTC $ETH & $SOL, and go from there.
Sure, sell some at tops to give yourself cash for bottom-feeding, but don't obsess with perfection, and instead stay generally long the big ecosystems that will keep winning. Ignore short term noise, for which X is notorious -- every ecosystem hits hiccups.
If you've been paying attention, as I know @ZoomerOracle has, you'll notice "shiny new coins" have been shining once again.
Market participants learn a lesson in one market environment, and then try to apply it to all market environments, instead of thinking critically about what works in a bull, versus what works in a bear.
The tragedy in this "momentum learning" is that we go from "bull to bear to bull to bear," and so the lessons of a bull get you rekt in a bear, while the lessons of a bear get you rekt in a bull.
One needs to layer the lessons and think critically.