managing money isn’t all about what we know, but more importantly, how we behave

🧵 shower thoughts inspired by the article ‘the psychology of money'

h/t: @morganhousel
earned success and deserved failure fallacy:

risk and luck comes hand-in-hand

“not all success is due to hard work and not all poverty is due to laziness”
cost avoidance syndrome:

the cost of investing is rarely the quantitative financial fee that we can see and measure, it is the emotional and physical price demanded by the market
“if you want success, figure out the price, then pay it. It sounds trivial and obvious, but if you unpack the idea it has extraordinary power”
rich man in car paradox:

the paradox of wealth is our ability to flex on materialistic goods, using our wealth as a benchmark to be accepted

it is common practice as social animals to utilize materialistic forms to accentuate or more so, leverage our social status
point is, it isn’t about abandoning the sole pursuit of wealth, but placing additional focus on one’s intangible attributes: generosity, humility, intelligence as a far more respectable scale
long-term compounding:

accept room for error. be in peace with constant changes in our career - personal, work, life, etc.

too much devotion to a singular goal, path, and outcome can backfire
anchored-to-our-own-history bias:

circumstantial views are important as it solidifies and confirms our personal biases

“current [investment] beliefs depend on the realizations experienced in the past.”
this is an important skill in decision-making: solidifying and confirming our views and understanding how and why certain individuals make certain decisions, but understanding the other party's views are simply supporting their own historical biases
keeping up with current market trends :

markets shift just like how people grow. looking at historical trends and context is important, but a prominent nuance is: the further back in history we look, the more general our takeaways should be

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More from @sandraaleow

12 Oct
NFT projects are starting to adopt utility token cash flows in their project strategies to give yield/passive income to NFT owners.

🧵 This is a deep dive + analysis on current projects with utility tokens attached to them:
1/ @CyberKongz pioneered the token movement with the yield of 10 bananas a day ~ current price $69 = $690/day = $248400/year.

$banana claimed: 1.85M
$banana burned: 1.73M
$banana in circulation: 111K

the community bought $banana as liquidity providers and created banana/eth markets on @Uniswap and it is no wonder cyberkongz remains as one of the top traded nfts on opensea with 7560Ξ traded in the past 7 days. Image
Read 19 tweets
10 Sep
🧵 case for @ParallelNFT:

⌛ play-to-earn gaming will pave the way as the next major economic activity in the crypto matrix
⌛ the symbiosis of defi mechanics + gaming mechanics can result in user engagement and interaction in the platform to promote a better risk-reward ratio
1/ overview:

⌛ parallel = sci-fi focused TCG that combines art + nft community bootstrapping through selling booster packs
⌛trading card games = strategic deck building + collectible cards
history
⌛ game is not live
2/ history of gaming industry + current traction in gaming market:

⌛ spearheaded by the launch of Magic: The Gathering (MTG) in 1993
⌛ X gamers in 2020: 2.7bn
⌛ TAM: $200bn in 2023 (h/t: Newzoo)
Read 8 tweets
30 Aug
.@FantomFDN skill tree h/t @Darrenlautf 👇
Exchange to metamask guide: docs.fantom.foundation/tutorials/set-…

Bridging ETH to FTM: docs.liquiddriver.finance/how-to/bridge-…

Farms: vfat.tools/fantom/

TVL + portfolio dashboard: stelareum.io/en/defi-tvl/pr…

Guide on how to use the Fantom bridge: link.medium.com/WqJ9bl9r8ib
DEXs: @SpookySwap - first AMM to support limit orders ; @Spirit_Swap

Lending: @CreamdotFinance

Compounder: @hyperjumpbsc

Launchpad: fantomstarter.io
Read 4 tweets
20 Aug
Thoughts on @nounsdao 🤝:

📈 Noun is a new pfp NFT collection that lets you vote on how to best use a treasury that could eventually hold billions of dollars (asset-backed NFT)
📈 As of today, the treasury holds at 1514 Ether. 'Nounders' receive rewards in the form of nouns (10% of supply for first 5 years -> self-sustaining cash flow)
📈 The #NFT market is getting more saturated with projects following some variation of a similar formula:

;10k collection: 1 large “drop”
;Similar metrics of rarity index (different traits)
;Comprehensive roadmap
;IP rights to individuals that owns the NFT
Read 9 tweets

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