Thread by @TraderL1z

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐂𝐫𝐲𝐩𝐭𝐨 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐢𝐬𝐭𝐢𝐧𝐠𝐮𝐢𝐬𝐡𝐢𝐧𝐠 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐅𝐮𝐧𝐝𝐚𝐦𝐞𝐧𝐭𝐚𝐥𝐬 𝐚𝐧𝐝 𝐃𝐞𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞 𝐁𝐒 🧵 #crypto #blockchain
👇👇👇

You need to see all of #crypto as bullshit. Some narratives are better than others. This solid, believable stuff is "Fundamentals."

I rarely get involved in projects that are not related to #crypto unless there is some short- or medium-term action. i.e., targeting enterprise #business.

You may end up sitting around for a long time, missing out on other opportunities, while it is stated that they are unable to speak due to "NDAs." You want something with a story for its #price right now, not in 6–12 months.

As I mentioned previously, the most solid of all stuff is "infrastructure." projects that are used or built upon by other projects. An example of this is a platform like #eth.

When investing in infrastructure, it doesn't matter which projects run on it are successful; what matters is that projects choose to build with it (even if they are complete garbage).

An analogy would be cars and road networks.

#Investing in a regular project is like investing in a car company that competes with other car companies. You require that company's success and sales. In contrast, investing in #blockchain platforms is like investing in the road network on which the cars drive.

It doesn't matter which car company is successful; if they're driving on your road, you win regardless. That doesn't mean these are completely safe.

When the alt market implodes in #price, so too will these platforms, given that the majority of "adoption" on them is from apps that themselves have little adoption and are overpriced.

What it does however, is provide some safety through the ebbs and flows of the market while the #crypto speculation era continues. Some people say "When I apply fundamentals, I never make money; when I just ape in, I do better" Because your fundamental understanding is incorrect.

It doesn't just mean tech or business fundamentals. Fundamentals are everything that provides a narrative for #price increases, even if it's degenerate BS, and things that also lower the risk.

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