/biz/ - Business & Finance

>>50907303
I'm still in just because I'm overall very bearish on the overall market and have been rebuying my position slowly since. I'd be out today if I believed the 10k eth and 1k link story eoy but I'm still not sold that BTC isn't going down to 10k so any fluctuations I have in my deficit really aren't that bad. (1054-> 550 link, 4 -> 1.87 ETH). I've rebought 610 link and 2 ETH at these prices so I'm not down too bad.

I really did believe they could pull themselves out of this one and the foundation would step in but now it's becoming more and more obvious to me that ILP will probably never be made whole and are held hostage by the dao. I still think I can afford to stick it out because at least they've put up proposals but if we get a big crash again and no sign of life I'm out before it gets worse. That's how I'm rationalizing it for the time being. I am a minority though since everyone else is really bullish but I just don't see the case for it with the impeding economic doom we face this winter.

Lol I got a community pass

Question for my fantom friends -- I'm currently staking a lot of my ftm. Should I just keep stacking or should I sell the rewards for ecosystem tokens like boo, spirit, etc? Seems like they have father to run

>>50066741
Without a doubt. You can send millions of dollars and have it settle in an hour for about 20 bucks. You can't do that with any other financial instrument. We have built an entire ecosystem that is capable of loaning and swapping assets for a small fee. Do you understand what we are doing here? This is our dotcom crash. Many things won't survive but linkies may have a point when they say this is like buying Amazon.

Real world tokenized assets are already happening. You can buy bonds on the blockchain. Nfts exist that verify real world contracts. Do you know why this shit is all worthless? Because it's like the 90s Internet. Nobody has figured it out yet. Buttcoiners and tulip faggots are completely clueless to how the world is changing. The only way defi dies is if the first world regulates it out of existence but won't matter if other countries tell the US to fuck themselves. We're at a tipping point and the old banker jews are asleep at the fucking wheel. If you can't figure out the value of these systems, then assume EVERY SINGLE TOKEN was a stock ticker or a commodity. Figure out why this system is next gen and useful. Look at the state of the centralized banking sector who froze accounts for donating to truck fags or seizing Russian assets. If you can't possibly figure out where the world is going then I'm sorry but you're absolutely not going to fucking make it.

I'll add an asterisk though that long term we are trending towards a centralized digital currency issued by central banks and that's when the real dystopian nightmare begins but hopefully I'm rich or dead by then.