brypto

Degen

a friend of mine was holding ETH since $4000 and refused to sell at $2000 (even though he needed the money) because it looked super cheap.
sure, if you compare it to your entry price, it is — but if you compare it to the actual context…is it?

it's hard to sell after holding through a downtrend, but if you don't detach emotionally from your bags, you're gonna have a bad time.
after all, it's just numbers — you're not losing $2000 at this point, you're protecting yourself from a bigger loss.

honestly, the best move every time you get paid for your onchain activities is to stable a big chunk of it, depending on how much you need that money in the short term.

i'd be having a really bad time if i hadn't stabled most of my earnings from the last mint.
but since i knew i'd be traveling again and would need the money, i pulled the trigger, and now i’m chilling (not super happy with these prices, but at least not stressed).

this mentality didn’t use to exist in crypto

90% drawdowns used to be normal and you wouldn’t get 1000%+ without buying bottoms and holding through bears

Yeah I think it’s a good sign?

I am from “be prepared for this money to vanish at any moment”

But it’s cool people can actually use it to make a living now.

Multiplying onchain economies. Working on interfaces /comint and intelligence @tenfold
Past: AI and crypto rubinovitz.com

I don’t think it’s good or bad just a sign of industry maturing

Which i think is good for the industry but bad for those of us who thrive off growing with the industry we work in