Skip to main content

3 power crypto articles from 2021


Among many great crypto articles I have read last year, I have curated three of which I felt are still relevant to date and very insightful. If you are looking to read more brain-stimulating articles, you could also check out my recommendations in the Weekend Brain Food series (mostly are non-crypto related).

So here we go.

Trading the metagame

"Watching the winners & locating the problems in crypto can be a way of identifying potential metagames in advance."

"Sometimes you can simply see that you missed the current meta and use that info to exit positions that are out of meta to preserve value, or just take a break and restore mental energy. As the meta and attention shifts to new things, capital bleeds out of previous metas. People sell the last meta they fomo’d for the next one. It’s a video game. Players want to play, they don’t want to be idle.

Traders use the meta to exit/rebalance longer-term positions. If you had a big position in some token, which suddenly became meta, even if you have a long-term thesis around the asset, it might be a good idea sometimes to rotate out of it at exuberance and rotate back in when the meta has moved on to whatever is trendy next to compound your position size."

"So, if you already thought 5 or 6 times about taking a trade, weeks/months have passed, and you have finally plucked up the courage to do it: you’re probably too late. It doesn’t feel risky anymore, which means it’s probably maximally risky."


Defi’s Competitive Advantages: What’s Real and What’s Not

There are three value propositions by the author for Defi, namely

Value proposition 1: Low operating cost by design
Value proposition 2: High capital efficiency
Value proposition 3: Co-op ownership model

She also addressed certain criticisms on Defi in her article. I agree on the part about lacking in real world application of Defi when it comes to non-crypto assets and how it may eventually be solved. My related post: Some thoughts on tokens and asset-backed crypto

"There’ll be a big industry whose sole function is maintaining the linkage between real world properties & their NFTs. Once you transfer the asset function of off-chain entities into NFTs, DeFi can take it from there."

Comparison between Avalanche, Cosmos and Polkadot

These three Layer1 blockchains share the commonality of having an interoperable network within their chains. This article walks us through the features and limitations of each.

TLDR:


Related article: What are Parachains?

---
I hope you enjoyed reading the above articles as much as I do.

Here's a CT that perfectly summed up the crypto market last year:


The only thing I regretted was not selling enough. Harvesting in summer so that I can hibernate in winter!

As for power CT (crypto tweets), there are simply too many for me to list here but you could check them out in my Retweets.

Tascha Labs has written an article on the themes that might play out in year 2022 which is worth a look. 

I always have no luck with my crystal ball so I shall not attempt any prediction here but my conviction on crypto's growth and mass adoption remains high.


Missed a CNY blog post this round. Wishing all a happy 2022! :)


Earn interest on your cryptocurrencies now on Celsius and get $50 free in BTC. Enter my referral code <197972828c> when creating your wallet, deposit $400 or more worth of crypto at the time of signup and hold for 30 days to claim.


You can also stack promo codes to earn more BTC rewards on top of the sign up bonus! Read about how to stack the promo codes here. Find more active promo codes here.

Like what you read? Follow me on Facebook or Twitter for updates and news I dig.

Check out my referrals for fantastic sign up bonuses on SAXO, Moomoo, Gemini, Celsius, Blockfi and more.

🤗
Thanks for reading!
Labels:

Comments

Post a Comment

Popular posts from this blog

Reflections for year 2024

2024 has been a relatively peaceful year. So peaceful that I have read countless novels and other books, met my sports buddies almost every weekend and picked up horticulture. Physical and mental health As we say, health is wealth. I have stuck fairly consistently with my exercise regime and tried to include more fruits and vegetables in my meals (although I eat out more and cook less these days). My weight, BP and cholesterol levels are doing ok. For those 40 years and above, remember to get your  subsidized health screenings from the government . Working less and meeting up with friends more contributed to an improved mental health. I see that the government has stepped up on initiatives in the community but work place initiatives from employers still seemed lackluster, especially for those who can't WFH and need to commit 44 hours or more a week at frontline work. I have also started a Gratitude journey to celebrate all my little life milestones. Financials Investment wise ...
Post a Comment
Read more

The best credit card for my new house renovation

As updated in my previous post, I have finally bought my own place. For the past few months I have been busy coordinating with various contractors and vendors for my house renovation. As I am still on A flexi work schedule, I decided to be my own ID. With only a simple renovation plan in mind, I set my reno budget at $20,000 (aircon & fixtures inclusive). The renovation process and acting as my own ID were not as easy as I thought. It took me about a month to gather and compare quotations from different contractors and another few weeks to finalize all the things that I need my chosen contractor to do. I eventually settled for a main contractor who specializes in carpentry work but also provides painting, tiling and electrical services. I have grossly underestimated the amount of defects that need fixing for this resale flat. Fortunately, the floor tiles and some of the existing built-ins are still in good condition so I kept them, otherwise I would have burst my budget. The first ...
Post a Comment
Read more

Shit happens and I lost my low-hanging fruits

My POSB SAYE account just hit its 25th month —the much-anticipated “month of maturity.” I was all ready to enjoy the 3.5% bonus interest I’d patiently saved for… only to receive a measly $17+ cash gift instead of a few hundred dollars. I was about to send a message to query the bank what caused this interest drop versus what I have gotten on the 13th month. Confused, I double checked my account history and— gasp! —found a single $50 transfer I’d made to a joint account in one of the past months. I hadn’t even realized that I’d chosen the SAYE account as the fund transfer source. For those unfamiliar with the T&Cs of POSB SAYE: “To receive the additional 3.5% p.a. Cash Gift Interest, ensure that you do not make any withdrawal from your POSB SAYE account.”   “If a withdrawal is made in the month, this will result in the previously accumulated additional 3.5% p.a. interest to be forfeited.” Yes, one tiny transfer = months of bonus interest gone . Even depositing it back the...
Post a Comment
Read more