1/ On PRICE vs. VALUE - a🧵:
You know you invest in price, when you plan on selling something again.
You know you invest in value, when you plan on never selling something again, but instead you either plan on using the thing itself and/or whatever it produces.
2/ That's why people struggle to buy oil when price is going down, as they don't know at what price they can sell it again.
But it is the reason, why they fill up their car full on, when the fuel price is going down, as it has utility.
The former is price, the latter is value.
3/ That is why investing in fiat is easy. You know exactly what you get for it in lifestyle credits - the only variable is inflation. When you buy "lifestyle credits", you don't sell fiat, you "use" it at a known utility factor.
4/ If you invest in ANYTHING this way, you will ALWAYS win. It is impossible to lose. It is how I approach 100% of my investment decisions, no matter if #cryptocurrencieslike#bitcoin, #ethereum or #defichain, Stocks, Bonds, Gold, Commodities, Real Estate, Collectibles, etc.
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1/ I see lots of people panicking with the recent EU vote about noncustodial wallets, aka wallets where you control your private key. Here are my thoughts and how you will be affected from a crypto user's point of view, NOT a CEO:
2/ When I got into crypto in 2014, pretty much no one, except for probably @coinbase and @krakenfx did KYC. NO ONE else did. It was the wild, wild west. Most of you just can't remember that time, but especially with the bull run in 2017, most platforms incorporated KYC.
3/ Most people thought, this would crash the market, and there was the 2018 crash, but not because of the compliance - because of the fomo bubble bursting. And today? Sure, people find KYC annoying, but it doesn't hinder our growth as an ecosystem.
1/ I want to share some additional facts from my side, that @laurashin had hinted at in her incredibly deep and well researched article on Toby Hoenisch, where I want to show additional proof - a thread:
2/ @laurashin contacted me on Wednesday, February 16th to ask for a chat about what happened at TenX how I got booted out of the company. I had shared everything prior already in a public video and blog post (julianhosp.medium.com/the-facts-and-…) and thought this might be good to reinforce.
3/ We agreed to a call on Thursday, February 17th 22:30 local Singapore Time. I had expected a 45 min conversation. 2h later, she had asked me about every single detail about how I met Toby Hoenisch, how TenX got started, how I was forced out, and what happened afterwards.
THREAD!! 1/ If you are wondering, how much higher the $DFI price can go, let me tell you: much, much, much higer, and this is why: #Bitcoin was the first #DeFi project and its function is that of creating value (it is better than anything else) and is starting to transfer value.
2/ This function is still at the very beginning though. @DeFiChain is covering functions of DeFi that Bitcoin does not have, but is building on the same fundamentals: it is a code fork, it is very interoperable, it needs Bitcoin for its security, and much much more - AND:
3/ it has the additional DeFi function sets of #lending, #exchanging, #staking and #tokenization. Bitcoin derives its value from people seeing it as digital gold. $DFI derives its value from people exchanging, staking, tokenizing and lending on the blockchain - natively!!