Unrelated to crypto in part, but..
that is fcking true.
Fei Protocol is coming
And it has some big backers
Coinbase, Andreessen Horowitz, and more..
Seems pretty big.
Furthermore, their launch is soon..
This is to read through, so as to assess the risks.
Though 22nd March — that’s soon. And it only lasts for three days. That’s not a long time to commit capital for potential gains. It usually pays to get in early on projects, and this one looks like a really strong one.
Something to think about
It’s keeping the right perspective on crypto. If it becomes too much, then it can become too much pressure. Keeping things in perspective, not putting pressure on getting good ROI, and just letting it happen organically, that’s a better way to go.
Moreover, selling your crypto — this can be hard to look back on, as it grows further and further. Spending as little as possible, this is the way.
Haven is different
Money kept beyond government control, by everyone, is perhaps the collision course that crypto is on at the moment.
When the parabola kicks in full steam, and people make more money than they ever dreamed of, after riding dip after dip, will they want to give that money away in taxes?
It’s doubtful. Many people who got into crypto, and are in it today distrust the government, distrust the oversight — bitcoin is an antidote to government printing of dollars.
What is likely is that people will look at their money, and see this as a once in a lifetime opportunity to break out of being “a wage slave”. When that happens, they will want to hedge against bitcoin falling, and will look for somewhere to put their money.
Private locations to put money offer more peace of mind, and will appear as a safe harbour to those who are fearing that the government will take their gains. Haven has the most developed private location for this.
Greed. + Haven being the place greed runs.
That’s what the bet is. That covers the whole of crypto. It’s like the inverse of BTC.
Let’s face it, say you were cashing out with 20–30x gains, and you wanted to avoid paying taxes, where would you go?