Simplify DeFi 📘

DeFi Threads 🧵 No complicated words 🙅

Takes weeks to write ⏳, but they are high-quality 🤌

[Simplify DeFi 📘 @SimplifyDeFi]

@wagmiglobal_ Indeed 🙂

[Simplify DeFi 📘 @SimplifyDeFi]

I f*cked up by not completely loading up on #BTC when it was sub $20K.

Seeing #BTC make 5% daily gains doesn't help either.

I want to jump in, but am scared it pumped too much already.

Anyone else in the same boat? 😅

[Simplify DeFi 📘 @SimplifyDeFi]

@lu5st @belowthe38th @fuserleer Thanks Lukas for continuing to reference my resources 🥲

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

Quick story on raising your Life’s Floor

Back in the 2017 cycle, I had a close group of crypto friends.

We were able to flip 6 figures to 7 figures. No, we weren’t geniuses. You just had to be there to know how insane that cycle was.

One of the guys, David, wanted to do something crazy. He was going to cash out his crypto, and buy a house in cash.

Me and the rest of the guys couldn’t believe it.

Us: “Bro, this is like getting in early on Amazon and Google”

And on top of that, interest rates were so low back then.

He explained his reasoning.

David once had a business that was successful. He kept re-investing money into it. Then the business died and he was left with nothing.

After it was all said and done, he had to move back to his parent’s home and start all over again.

His biggest regret is he didn’t take profits to permanently upgrade his life.

“Raising your Life’s floor” means improving your worse case scenario.

So this time he wanted to cash out and buy a house. No matter what his worse case scenario was, he’d be a homeowner. He wouldn’t have to start over from scratch.

What happened to me and my friends? The 2018 crash happened and we round tripped all of our earnings.

David? Pretty sure his home has 4x in value at least, and he’s still crushing it in Crypto.

Hopefully, several of you will make some life changing gains.

It’s tempting to want to immediately upgrade your lifestyle. You’ve had a chip on your shoulder your whole life.

You want to buy the Rolex, the new car, and rent the new high rise. You want to show everyone you’ve “made it.”

But the future is unpredictable - especially in Crypto.

Your first order of business should be to find ways to permanently raise your floor.

• This means paying off debt.

• Buying assets such as a home, or funding your retirement.

• Building a year’s worth of emergency funds.

By doing this, you’re giving an advantage to your future self. If you fail, you’ve given yourself a nice cushion to fall on.

I’ve seen way too many people in this space go from riches to ramen.

I’ve had the supercars, and the watches. You feel the dopamine for a few days and then life returns back to normal.

(think about the last time you bought a new phone or laptop)

Nothing beats the feeling of financial security and the peace of mind that comes with it.

[Simplify DeFi 📘 @SimplifyDeFi]

@Route2FI I just got back from spending 3 months in Colombia.

The reason? Escape winter and Bachata Dancing.

There is social dancing all over the world. You can network easily.

Basically you can start a new life easily.

I can't really remember images, so I enjoy vibes 🙃

[Simplify DeFi 📘 @SimplifyDeFi]

@samwitchPS 👀

[Simplify DeFi 📘 @SimplifyDeFi]

@Dynamo_Patrick Well deserved!

[Simplify DeFi 📘 @SimplifyDeFi]

The 2nd Half of this 👀

@paint_swap group is a different breed.

I would love to see them with more firepower and make an even greater impact on $FTM.

[bebis @0xBebis_]

Differentiation in your approach, confidence in your mission, and clarity in your vision.

Seems like you're chasing narratives instead of defining them. I think you should take inventory of your strengths, think deeply about your weaknesses, and try to line up your sights a bit better.

Fantom achieved its peak when it was a technical network for passionate people working together to make Ethereum's vision more accessible. Now all I see is shitcoin gambling and price chatter.

Not sure if it would be possible to re-create Fantom's glory days, but would be very interesting to see some clear direction for the ecosystem.

Most obvious play to me would be biting the bullet and helping @paint_swap start up a gaming studio. Get them resourced whatever it takes. Most networks would kill for loyal talent like that.

[Simplify DeFi 📘 @SimplifyDeFi]

@CabronFTM I've been watching it boom from afar 🥲

[Simplify DeFi 📘 @SimplifyDeFi]

How do you pick a side-hustle you feel comfortable working on for years? 👀

I have a creative mind and many interests. It's tempting to dabble around.

I'm pondering how to:

Provide value at scale,
be good at, and can do for years 🤔

[Simplify DeFi 📘 @SimplifyDeFi]

@joetalaga Dang, you're a real OG if you were knowing about it back in the day!

Crypto does fix some real-world problems. It requires a ton more work to take on the bigger challenges.

At the same time, people like jumping the gun and gambling on it as well. Human nature 😅

[Simplify DeFi 📘 @SimplifyDeFi]

@RadixReligion Haha, ok, I guess I don't feel as bad then ���

[Simplify DeFi 📘 @SimplifyDeFi]

@NauLxD 😂🙏

[Simplify DeFi 📘 @SimplifyDeFi]

@source_RE_music That's a real healthy and disciplined approach Source. I like that!

You're also humble, but allowing your portfolio to grow.

[Simplify DeFi 📘 @SimplifyDeFi]

@NauLxD True, good insight Naul.

I've been buying other things in the meantime. They did well, but it's easy to get jealous and compare.

Self-Discipline to your pre-determined game plan is key 🫡

[Simplify DeFi 📘 @SimplifyDeFi]

@FantomSonicX @SatsBoySlim 🙏🔥

[Simplify DeFi 📘 @SimplifyDeFi]

@SatsBoySlim @FantomSonicX Pulling me back from retirement 😆

[Simplify DeFi 📘 @SimplifyDeFi]

@FantomSonicX I recall a lot of people leaving $FTM and migrating to different chains.

What catalysts do you think will be strong enough for those people to come back?

Or perhaps entice new users?

[Legit asking. Wanting to examine in an objective, non-biased way.]

[Simplify DeFi 📘 @SimplifyDeFi]

@KryptosChain From what I experienced, you're a great ambassador for DOT. Passionate, knowledgeable, and loyal.

I also see the improvements in your videos as well.

Hope you get the approval 😃🙏

[Simplify DeFi 📘 @SimplifyDeFi]

@bubblemaps @Momentum_6 @StakeCapital @LBankLabs @v3nturesfund @avax @cronosapp @PowerHasheur Nicely done guys 😎👏