Thread by @ShardiB2

I sit at an interesting perch between Wall Street and Crypto

I want you all to know, I have never seen so much money from Wall Street move towards crypto. It is relentless, actually

You may not see it in the price action, because it is being invested privately, but it is there

And I am not talking about small hedge funds or family offices, many were in years ago, I am talking about the largest institutions and investment banks in the world. The PE firms paved the way and provided product-market fit if you will, but on a macro crypto investing scale.

With Goldman and the like investing now, alongside of 3rd funds of billion-dollar proportion from firms like A16z and Pantera, if you think crypto is dying, you will be proven wrong, once again. It is getting stronger, hardened, again.

It is at this stage that you have to ask yourself, are you an investor or a trader?

If you are a trader, you should have been short or in cash, there were plenty of signs, I even gave you some this weekend and have been telling you my trading book is in cash and only scalps.

I have also been warning you not to hold alts or use leverage.

My HODL book however, is just that. I don't look at it, the account balance is irrelevant to me. I truly believe in the tech and opportunity long term, specifically for $ETH.

This book is also multiple 7 figures

and while some of you may feel that losing millions when I could have traded out of it is stupid, trading is not the intention for that account. It has a purpose and a plan, I don't deviate. The plan is to acquire as much $BTC and $ETH as I can in that account. I buy dips.

I don't trade that account. It is money I don't intend to use for many years from now.

Which leads me to my next important tip, don't quit your day job. I have watched countless traders blow up, almost all blow up at one point. If the 2017 market taught you anything, it's that

you don't want to blow up. If you do, you will miss the 10-30x gains that crypto provides. By having an income stream you can put aside money to INVEST in crypto and leave it there, no trading. Think about how many people (probably you) lost their $BTC/ $ETH and missed

this run. Probably 75%. Everyone is upset at $ETH 2k, when we are up 20x in a year and a half. You should have PLENTY of gains still if you are HODL'ing. You also have the LUXURY of being able to survive volatility, because you own it cheap. Sure it's down, but its profit

so your tolerance to hold is greater. This is one of the biggest benefits of being an early crypto HODL'er and not needing the money, you can stomach the vol. BUT, the biggest way you stomach the vol, is by BELIEVING IN YOUR INVESTMENT.

This is why it is hard for me to hold shitcoins, I don't believe in almost any and think they can all go to zero. I don't ever think that way about $BTC or $ETH. I am CERTAIN that will never be the case. There is adoption, usage, revenue and that is increasing.

This leads me to, '$ETH is going to $200'.

While anything is possible, if $ETH were to go back to $200, and had revenue and usage that was up 100-200x over the year prior with an expectation that that number goes over 1000x in coming years, would you buy it? Of course, you would

And so would everyone else, so will price stay there long?

The willingness to throw out all fundamentals in crypto is amazing. ("It has no fundamentals Shardi, says the local idiot") These are real products, with real adoption, and real usage that is increasing exponentially.

Will there be more bonds on blockchain or less? More #DeFi, or less? More art, real estate, concert tickets, etc. sold on blockchain or less?

Some of this is really so easy when you zoom out. It is hard to choose the exact winner, so I go with the leaders, $BTC and $ETH.

So in the end, are you a trader or an investor?

Being an investor requires a lot less work, is a LOT less stress, and is probably better for your health and a happy life in every single way.

If you want to buckle down and be a trader, I of course wish you the best, however.😍♥️

Understand as I am sure you do, ANYTHING IS POSSIBLE IN CRYPTO. $ETH $1200, maybe, $BTC 18k, perhaps. Be prepared. If you are an investor put aside money for dips if you believe in the opportunity. If you can't, well then just HODL. Know that you are HODL'ing

with some pretty bright people like Paul Tudor Jones, @RaoulGMI , @dan_pantera , Stanley Druckenmiller, Bill Miller, etc. etc.

Crypto is here to stay IMO, you either believe it or you don't.

If you believe long term, huge dips are amazing opps to stack.

Thank you for listening to my TED RAMBLE.