3 Matching Annotations
- Jan 2022
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multicoin.capital multicoin.capital
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In order to really scale the Metaverse to billions of people, we are still missing some key pieces of technical infrastructure. At a minimum, we need:
dd
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www.theancientbabylonians.com www.theancientbabylonians.com
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3. May-day Crash and the Road to 60k (Double Top)Euphoria was high, leverage was high, everyone is a genius in a bull market. And out of nowhere, Elon starts trolling Tesla not accepting bitcoin, China comes in with a slab of regulation pressures, again. But this time they were more serious, no more mining business, no more crypto business. Stakeholders in China scaled back and shut down.Luna went from $20 to $4, UST de-peg and everyone is panic selling. $RUNE went from $20 to $6, then it got hacked, not once but twice and it drops further down to $3. I lost probably 80% of my net worth at one point in time. I remembered feeling very stupid for selling my stocks back then.I am no different from the noobs either (韭菜之王), my paper hands panic sold Solana at $20 after seeing the insiders hold a large chunk of allocation as I reasoned to myself for logical validation. Clearly 1 of the biggest folly made in 2021. Also sold all the smaller ecosystem coins on Terra/Solana and consolidated the proceeds to go all-in on Luna.
this is a note
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. Sold 100% Equities/REITs, All-in CryptoAt that point in time, the risk-reward opportunity in traditional markets does not make sense to me. Average yields of REITs give you about 5%, takes years to potentially even see a 2x return, if you are lucky. Meanwhile, in crypto, you get 10% yields yet very easy to 2x.
risky
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