0xCryptomancer

I have no idea when, where, or how this bear market is going to end. Nobody knows wtf is gonna happen (and anyone that pretends to, is not someone worth listening to). All we can do is make educated guesses and use the power of probabilistic thinking to position ourselves as best we can for a variety of different outcomes. What does this mean for <<insert NFT project here>>? No idea. Most projects are going to zero. Some will survive, and some will thrive. We’ll probably see a whole host of new NFT projects pop up and many of those will also go to zero, but some will survive, and some will thrive. So goes the cycle, so goes life. On the balance, I think there are still tremendous opportunities to make tremendous wealth in the crypto + NFT space. There is also TREMENDOUS risk, and tremendous capacity for people to lose everything and more. The smartest thing you can do, in my humble opinion, is to take a balanced approach. Have a strategy and stick to it. Whatever your strategy is, make sure you account for black swan events / doomsday scenarios. This generally means having a reasonable stockpile of cash / stable coins. What a ‘reasonable’ stockpile is will depend on your life situation and risk tolerance. A 22 year old with a secure job, living at home, with zero dependents can be infinitely more risky than someone in their 40s who is “full time crypto” with a mortgage and family to support. --------- In 2018 I left. In 2021 I returned and had massive regret at leaving. In 2022, I will not leave. I will be here in 2023, and in 2024, and in 2025. What you decide to do is up to you, but I would highly encourage that you at least keep one eye on this wild and wacky world that is web3 so that you don’t come back in a few years and wish you never left.