Thread by @the_economystic

1/ I don't understand $mex bears. How long has everyone been in crypto?

I studied finance, psychology, business & financial planning in college and I have the degree to back up those accomplishments. 👨‍🎓📖

I started building my #Crypto portfolio in 2017...

https://twitter.com/erd0xbc/status/1553932711424819200

2/ Maiar Decentralized Exhange = "DeFi For The Next Billion. Swap assets instantly, globally, inexpensively, automatically" @MaiarExchange

👉 Many seem to be making the error that the point of @MaiarExchange is to take $MEX to the moon; to bring them to retirement by next week.

3/ I don't understand $MEX bears.

Maiar DEX is a tool, a resource. @MaiarExchange is a tool that I use every day to swap assets and to farm, compound rewards as a reward for my willingness to provide liquidity to the exchange in. That is the point of $MEX during bootstrapping.

4/ "The Maiar Exchange is a DEX (Decentralized Exchange) with AMM (Automated Market Making) functions, deployed on the Elrond Network. It is the engine for DeFi products such as swaps, liquidity pools and yield farms."

👉 Does the price of $MEX impede this functionality? 🤔 NO.

5/ I don't understand $MEX bears.

We are in a bear market and $MEX is *paired* with $EGLD. When we see low price for $MEX in $USD it's misleading to assume $MEX has failed. Us Liquidity Providers remain earning rewards we may keep, compound, or sell for other assets.

6/ So how long have you been in crypto?

I think it's incredible how accessible cryptocurrency is to retail investors & especially unique for that reason - this element contributes directly to #volatity.

The majority of the population is very poor at managing their money. 💸🧮

7/ Before considering prices of our cryptocurrencies, are you stopping first to remind yourself the constant ebb and flow of prices?

If you lose the forest from the trees, perhaps you'll fixate on the facts that $EGLD is down -90% from $560, or $MEX is down -97%.

8/ Are you worried about RECESSION? Well...

🔑👉 Crypto is juat in a recession, a period of decreased economic activity.

Will we see a GLOBAL recession? It's likely, though I guarantee that it'll take less time for #crypto to recover from recession than it will the globe. 🧠9

9/ Have you not noticed what this bear market/recession has purged from the system? 🤷‍♂️ In short,
- @terra_money collapse
- @CelsiusNetwork collapse
- @investvoyager collapse

Bear market are innately designed to flip the lights 💡 on to reveal who has their pants down. 😳

10/ Here we are nearly nine months since @MaiarExchange launched:

⭐️ 14 ESDT tokens available:
- $EGLD, $MEX, $USDC, $UTK, $BHAT, $RIDE, $CRT, $ZPAY, $CRU, $ITHEUM, $EFFORT, $WAM, $AERO, $ISET

⭐️ 6 LP Farms, 6 #metastaking farms & #Metabonding community growth platform.

11/ Maiar DEX will first serve a distinct community already growing around @ElrondNetwork and the @getMaiar wallet, expanding the product suite by building synergistic #DeFi primitives on top of Maiar DEX AMMs. 1

12/ $MEX token will be 100% owned by the community, through the broad distribution and compelling economics that will enable it to capture value in a positively reinforcing feedback loop.

13/ Here it is:

If $mex rewards you receive from farming $mex or LP tokens isn't sufficient... if the I.L. you experience through bootstrapping is too devastating... if you lack resilience to endure the bear market to make it to DEX community #governance...

Then sell your $MEX.

14/ The $mex token serves as the "lifeblood of the exchange" - blood flows freely and does not remain stagnant.

$MEX vision will be realized over time; surely these long-term milestones cannot be realized overnight, NOR will they be realized the moment $MEX 2.0 economics drops.

15/ If you want to witness & be part of the success of @ElrondNetwork & @MaiarExchange, you must strip away the price of the token and you must forget whether your crypto portfolio is in the green OR underwater.

16/ In 2017 I saw my crypto portfolio explode, from $2k to over $100k (true story). During that time YouTube & Twitter influencers all preached the same basic, cliche, message: #hodl. I held a whole year, all the way to -90% bear market lows in 2018. I was skeptical of #hodl...

17/ Feeling foolish for my devotion to buy & hold the entire bear market over that past year 🤦‍♂️ I looked at my portfolio - deeply underwater - and knew the only way out was to keep my actions consistent. I continued buying because I could see #crypto was only getting stronger.

18/ Here we are in year 2022. This market has exploded with value protocols and tools, yet the ebbs and flows of prices have led the herd away from the reality that #crypto continues to grow and build at extreme levels.

19/ I can't promise the bottom today or tomorrow, but what I can promise is, well, the promise of this technology to continue growing and developing far beyond your wildest dreams. I witnessed it happen from 2017 to 2022 and certainty the 'beyond' will continue to unfold.

20/ The objective is to be well-positioned. When the tide rises, you rise with it. When the wind blows, you sail with it. During times of slow, one must maintain focus with even a higher degree of diligence.

Only you are in charge. Take risks, own your life, own your time. ✊️

21/ I do not understand $MEX bears...

And I cannot really agree with "bear" bears either - and how could I? After all, I found life-changing success by learning, growing, buying and investing in a long-term hypothesis, prediction, strategy.

I NEVER waited to buy lower. #EGLD ⚡️

~ Thanks for the read #EGLD and @MaiarExchange communities. 👊

Please #RETWEET to share the insights above, I'd appreciate your helps to spread the word. 🙏

[END]

Resources:
- elrond.com/blog/maiar-exc…
- docs.maiar.exchange/faq/
- maiar.exchange
- docs.maiar.exchange

If you feel compelled to share this thread with your audiences, I'd appreciate a retweet @SeverMM @The_Scientist_Y @EGLDIsTheWay @technologypoet @crypto_div @PippiWestwood @TheSerenation @ZoidPay @UTRUST @DrElrond123 @WesleyBKress @MichaelGKress @HiRezTheRapper

cont'd
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