
Subscribe to Joshua Simon
Share Dialog
Share Dialog


<100 subscribers
<100 subscribers
It’s very easy for any finance bro to find crypto intriguing. They may even own a couple of random tokens as a part of their portfolio. I am too what you may call a finance bro, but I see more value in web3 and cryptocurrency than a financial asset at the center of a get-rich-quick scheme.
Financial professionals tend to avoid and discredit things they don’t understand. Many see cryptocurrency as an extremely risky asset with the same functionality as equities and a similar reaction to market forces. Thus, digital assets are often shooed away without even beginning a conversation as they are “too risky and unproven.”
While I used to view digital assets in a similar light and still do to a point, I am very tolerant of risk - thus I have been intrigued by them for years. In my naivety in 2018, I purchased Ethereum at around $1,300 right before it plummeted. I panic sold and firmly regret it to this day.
A similar event occurred after I re-entered the digital assets market a couple of years later, however this time I held on for dear life. I wanted to learn what forces drive the market as it is quite different from the equities market. Thus, I began following and conversing with people fluent in the field, both with people on the coding side and those with a more financial markets-related viewpoint. I learned quite a bit, however, the big picture is still blurry.
I now know that there is functionality related to a token, more than a hazy idea of computers, codes, and nodes. Web3 is also very intriguing to me, as it will cut big corporations out of the loop and creators will be able to own their material. Web3 and digital assets scare the absolute bejeezus out of big tech and the financial sector - which is what makes it very intriguing to me.
“A castle in the air” is a term that a financial professional may use to describe digital assets. They have the view that digital assets are only useful for their upwards price motion, and each bull market is a bubble just waiting to pop. I, on the other hand, see the intrinsic value of cryptocurrency and other web3-related assets and hope to gain a firm understanding of their functionality and benefit to the world while mastering the market.
Time to start building.
It’s very easy for any finance bro to find crypto intriguing. They may even own a couple of random tokens as a part of their portfolio. I am too what you may call a finance bro, but I see more value in web3 and cryptocurrency than a financial asset at the center of a get-rich-quick scheme.
Financial professionals tend to avoid and discredit things they don’t understand. Many see cryptocurrency as an extremely risky asset with the same functionality as equities and a similar reaction to market forces. Thus, digital assets are often shooed away without even beginning a conversation as they are “too risky and unproven.”
While I used to view digital assets in a similar light and still do to a point, I am very tolerant of risk - thus I have been intrigued by them for years. In my naivety in 2018, I purchased Ethereum at around $1,300 right before it plummeted. I panic sold and firmly regret it to this day.
A similar event occurred after I re-entered the digital assets market a couple of years later, however this time I held on for dear life. I wanted to learn what forces drive the market as it is quite different from the equities market. Thus, I began following and conversing with people fluent in the field, both with people on the coding side and those with a more financial markets-related viewpoint. I learned quite a bit, however, the big picture is still blurry.
I now know that there is functionality related to a token, more than a hazy idea of computers, codes, and nodes. Web3 is also very intriguing to me, as it will cut big corporations out of the loop and creators will be able to own their material. Web3 and digital assets scare the absolute bejeezus out of big tech and the financial sector - which is what makes it very intriguing to me.
“A castle in the air” is a term that a financial professional may use to describe digital assets. They have the view that digital assets are only useful for their upwards price motion, and each bull market is a bubble just waiting to pop. I, on the other hand, see the intrinsic value of cryptocurrency and other web3-related assets and hope to gain a firm understanding of their functionality and benefit to the world while mastering the market.
Time to start building.
No activity yet