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찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 ) Profile picture
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29 Nov, 5 tweets, 2 min read
*relating to financial matters

i was drunk in some random bar many years ago and read a message on one of the restroom walls

"dont take life advice from people doing shit with theirs"

similar vibes

that has always stuck me

thanks mr. potty wisdom man
plenty of nice and trustable, not-rich people out there
actually, super a lot of rich non-trustworthy assholes

its too much of a fortune cookie type simplification to generalize certain traits based on wealth imo
and while yes, this is true, that you can always learn what NOT to do

i think learning from negatives is a very ineffective way of gaining knowledge if choices are open world

there's probably more ways to screw up, even though many roads do lead to rome

if the choices are fixed, then yes you can learn from the failures of previous iterations

think squid game glass bridge

but few things are so nicely contained that it only allows you fixed options Image
life is very much open world

choice is A or B? Yes or No? Left or Right?

naw, there's a lot more choices in most cases

sometimes the best choice is not to even play certain games

you dont need to always play / take up a position, especially if the odds are not in your favor Image

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찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 ) Profile picture

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More from @DegenSpartan

찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 ) Profile picture
1 Dec
an interesting anecdote was that around the 2017 peak, retail nobodies were syndicating themselves and pooling capital to form (illegal) pseudo-funds to gain access into the earlier rounds (with the cheaper pricing) before the public ICO round
would the prey of the last patch meta be the same prey as this patch, with the marketcaps and participants larger by magnitudes? 🤔

why waste time fishing for retail plebs when you can go one grade higher, one tier higher, and catch the bigger fish?
tbh, this is like one of the biggest bearish signs ive seen

but these sort of things are not trigger perfect for timing

ideally with history as a guide, this means extreme parabolic price movements and retail participation over the next few months

will meditate more on this
Read 5 tweets
찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 ) Profile picture
1 Dec
in steam, there's an hours played counter

a few years ago i had a horrible realization that my hours clocked was seriously unhealthy and it all suddenly felt inconsequential

i decided to be more productive and divert those hours into more sleep, exercise and ofc studying crypto
while games can be quite educational and instructive as systems to learn about human interactions, economics, strategies (and culture) etc etc

those are mostly learnt in the initial phases of play, and "value" in terms of knowledge (and imo, enjoyment) drops off hard after that
opinion:

gaming is ofc fun and can teach you things quickly

but excessive hours into the same game probably does not bring much more benefit to your life, better to rotate out of it and into other things with better value per hour invested imo

unless u a pro gamer, of course
Read 4 tweets
찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 ) Profile picture
30 Nov
nobody knows
so i have to tell them Image
on the NFT front, i've
- got a larger gallery
- bought more pieces
- gave some artists a few tips
- introduced more collectors to this new form of enjoyinggg

i will work on making more money to fund this hobby while also looking out for pieces that i like to add to my collection
i was gonna write out pointers to be an enjoyooor but on 2nd thought, thats rather silly- it should be very intuitive

simply just buy pieces you like

i think its optional to also admire the artist and their other works, but by doing so, that can add more depth to your enjoyment
Read 4 tweets
찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 ) Profile picture
29 Nov
no, i do NOT think that cold storage should be the default for most people

99% of the population is not intelligent enough to cold store properly, hence they are probably both better off in convenience and SAFETY, with their assets held in custody by select centralized entities
if you have extreme paranoia and dont trust any entities or defi protocols, then go ahead and cold store

but i would not recommend any beginner to cold store themselves, especially if they only have BTC and ETH and do not do any defi or NFTs at all

ultimately, its up to you
crossing the chasm to interact with chains directly is a big jump that MANY never cross

but if they do, they will definitely benefit from a hardware wallet

the idea of cold/hot storage is very fuzzy when its comes to smart contract chains

if you use the chain, use a hw wallet
Read 5 tweets
찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 ) Profile picture
29 Nov
absolutely hyped for downcember soon

where i will update my DPI/ETH chart to continue crushing your dreams of a defi 1.0 comeback
interestingly, the D component of the bankless BED index BTC, ETH, DeFi by coop index, has been the biggest laggard in the index, even worse than BTC

i would think a 50/50 or 33/67 BTC/ETH portfolio would outperform, which would actually be what id suggest to newbies to consider
could be a WBTC/ETH LP pool, where instead of paying fees and rebalancing, you get auto rebalanced while earning LP fees and potentially farm rewards too

(select AMM protocol + chain wisely, for it affects the farm yields, tx costs and risk taken)
Read 5 tweets
찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 ) Profile picture
29 Nov
sure, his youtube thumbnails are insane

but at least he has a pretty nice house
i would imagine he had to purchase it in full, unless he found a bank foolish and/or desperate enough to give him a ~$20M loan

plus his NFTs, he definitely looks like he's doing very well
i would say "attention economy, innit"

but the guy has been in crypto for the past 4 years, and just like me and many others, has prospered by simply surviving

i wouldnt say its "luck", but its quite a bit about right place and right time to have convictions (good r/r spot)
Read 4 tweets

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