is it possible to be long term bullish on crypto and defi on revolutionizing finance while also recognizing short term how fucking retarded dog money was
there was the dog money stuff which i thought was pretty crazy already and then things got even weirder with stuff like Cum Inu and elon sperm
i think there's a massive gap between what crypto natives think normies will gravitate to and understand, and what they actually gravitate to and just how much they actually dont understand shit
its 2021 and i shit you not there are tradfi ppl i talk to that cant believe that stablecoins exists
"no way, a coin called USDT that is the same value as USD? get out of here! that doesn't make any sense!"
so as much as i am bullish on crypto
i think it is also good to recognize how slowly tradfi moves and be realistic about how quickly they will join our ponzi
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im sitting on a good amount of both stablecoins and crypto and i dont have any particularly strong mid term convictions one way or another
i feel very lame and gross on having no strong convictions right now but it is what it is
if we bear, i can draw down on my stables for IRL stuff
🍜 and i can eventually buy depression to increase my ownership of networks ☠️
if we bull, i will continue getting scammed into being rich 🤝 and i can add fuel to the fire and play for the real parabolic blow off 📈
this is just how i constructed my personal portfolio so that im kept long term in the game (cockroaching) without having to worry about the inconvenient reality of real life expenses
as your absolute NW in $ increases, i think your cash % range should naturally go down lower too
you guys think normies gonna use defi and buy their tokens but cmon even fucking maxis who would derive the most utility from using defi havent used it yet
maxis that i introduced to defi on eth have a 100% capitulation rate
but it's a slow process of skepticism - telling me they'll try it and fully expect to be scammed - cautious acceptance - joy - and now struggling internally between deciding ETH or BTC as a long term SoV