Hard agree with Engineer's thoughts.
My two cents thrown in:
1) For those of us who've had the bell curve of learning in crypto/blockchain, we've learnt the hard way that buidl-ing in a system, being highly optimistic about it, hopped up on all that hopium, and simultaneously managing the psychology needed to invest/trade in such high volatility assets is mental gymnastics that leads to loss. Tested this theory with multiple tolkens, with anomalous situations, fraudulent coins (like Terra, SBF, etc) or just mental exhaustion alike; it's not easy to keep up.
That is not to say that people don't do it, but a majority cannot. If you're a really good trader, chances are you're not necessarily a very good dev coz your focus is on making that bag đ° (which is fine too, who doesn't want to grow their investments?). Exceptions exist where you're building trading bots/algos so you get to test them on yourself, etc..
2) Point #1 segues into 2 wherein if you're constantly building the future, you're worried AF that a token like Bitcoin/Monero will take off đ and you'll have sold too early/waited too long. Does your portfolio no good to be sitting on all those stables then. If you don't constantly track the markets, these mistakes *will* be made.
3) Then there's general safety in an increasingly violent world. If you aren't intermediate in cybersec/protecting your wallets and assets, you're seriously better off with cold-storage.
Sure, it might still get hacked, but the loss probability on [active trading while also life-ing] Vs [just HODLing in cold store] is substantial.
Add to that you're moving countries, digital nomading, worrying about the safety of your family from day to day, trying to keep the fascist govt outta your email and private chats, it *will* take a toll on you.
------
My thoughts are more technical/practical than philosophical, but they're valid all the same. đââŹ
therefugenetworkstate / Pana - The Refuge Network State
npub13wâŠf8n65
2026-01-18 10:04:27 UTC
in reply to nevent1qâŠk2jv
Author Public Key
npub13w5j2cz6ym36lvun2rnk66h5udlfrv08aq6w8753r42xlrsul5wsnf8n65Published at
2026-01-18 10:04:27 UTCEvent JSON
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"content": "Hard agree with Engineer's thoughts. \n\nMy two cents thrown in: \n\n1) For those of us who've had the bell curve of learning in crypto/blockchain, we've learnt the hard way that buidl-ing in a system, being highly optimistic about it, hopped up on all that hopium, and simultaneously managing the psychology needed to invest/trade in such high volatility assets is mental gymnastics that leads to loss. Tested this theory with multiple tolkens, with anomalous situations, fraudulent coins (like Terra, SBF, etc) or just mental exhaustion alike; it's not easy to keep up. \n\nThat is not to say that people don't do it, but a majority cannot. If you're a really good trader, chances are you're not necessarily a very good dev coz your focus is on making that bag đ° (which is fine too, who doesn't want to grow their investments?). Exceptions exist where you're building trading bots/algos so you get to test them on yourself, etc.. \n\n2) Point #1 segues into 2 wherein if you're constantly building the future, you're worried AF that a token like Bitcoin/Monero will take off đ and you'll have sold too early/waited too long. Does your portfolio no good to be sitting on all those stables then. If you don't constantly track the markets, these mistakes *will* be made. \n\n3) Then there's general safety in an increasingly violent world. If you aren't intermediate in cybersec/protecting your wallets and assets, you're seriously better off with cold-storage. \n\nSure, it might still get hacked, but the loss probability on [active trading while also life-ing] Vs [just HODLing in cold store] is substantial. \n\nAdd to that you're moving countries, digital nomading, worrying about the safety of your family from day to day, trying to keep the fascist govt outta your email and private chats, it *will* take a toll on you. \n\n------\n\nMy thoughts are more technical/practical than philosophical, but they're valid all the same. đâ⏠\n\n",
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