@VitalikButerin@semicondurian@ml_sudo@VitalikButerin This type of idealism falls a bit flat don’t you think? While I agree in principle it’s not reflective of the current power structure of which your stance is that of an “outsider”
How do you instantiate this practically? Who allies with you in public to stop it?
posting this now while prices are down, because people 100% ignore this when things are looking rosy
shoot to sell "good enough" for your portfolio,
because (and i know this is hard to believe):
selling "good enough" is going to outperform whatever "but this would be amazing" targets you have for 99% of people 99% of the time. why?
"good enough" is usually "as good as it gets", while "amazing" is often relying on an extension of prices that typically incorporate moonboy psyop price levels and/or a 10 part parlay set of path dependencies all hitting
generally, each additional dollar beyond "good enough" goes from 2 or 3 units of risk, to 20 or 30, while only potentially putting your portfolio a small fraction ahead of "good enough" (ie no big difference in practical terms, but an astonishingly higher rate of blowing it)
on what 'blowing it' means, i mean a round trip. this all wouldn't be a problem if recognizing a top in real time was a trivial thing, and people were good at selling on the way down, but neither of those things are true.
sell 'good enough' and be happy. if 'good enough' isn't a meaningful change to your life, compounding what the market gives you later is infinitely better than sitting there with nothing, wondering what you just spent 2-3 years paying attention to, for nothing.