♾ News of the Week 📬

♾ A Journey of Conviction and Building Through the Bear Market 🐻

♾ Crafting (& Keeping) Your Thesis

♾ Top 20 Essential Lessons from the Crypto & NFT Bear Market Cycles 🐻

Web3 Conferences & Side Events 2024 Global Mega List 📙

Why Coinbase, Solana, and Near Protocol Had Massive Gains This Week 💭

Web3 surveillance proves we need on-chain data ownership | Opinion 💭

Navigating the web3 scene and cryptic market demands not merely accepting its inherent volatility but creating deep-rooted conviction in your chosen trajectory.

Below is a bit from my expedition which led me to develop an understanding of the importance of identifying your "Big Rocks" and developing unwavering conviction.

It started in 2017 when I first learned about Bitcoin's potential as a sovereign global currency.

As someone who has lived abroad and experienced the friction of transferring money across borders or having multiple "fiat currencies" in your wallet at one time, Bitcoin made a lot of sense to me. As its narrative continued to emerge, it became not merely another emerging asset but a beacon of financial autonomy against the backdrop of deteriorating trust in the U.S. dollar, burdened by unsustainable national debt and wobbly currencies inevitably pegged to the US dollar, creating a centralized, single point of failure. Meaning, Bitcoin was the only other alternative to opt out of the traditional trap of the deflationary downtrend affecting all users, whether they knew it or not.

This conviction was not a spur-of-the-moment inspiration. Since 2017, my belief has been fortified by observing Bitcoin's resilience through cyclical market halvings, its growing allure to institutional investors, and the shift in perception among newer generations toward digital assets. However, the core of Bitcoin's value extends beyond these temporal events; it is anchored in a collective belief in its utility and scarcity.

Around that same time, my exploration into Web3 revealed a paradigm shift towards the decentralization of power back to individual users. This evolution was informed by witnessing the internet's journey from a platform of open protocols to a domain controlled by centralized digital conglomerates.

Moving from a read-only level of permissions to read, write, and own.

Web3's promise was to decentralize control, enabling users to reclaim sovereignty over their data, identity, and financial transactions.

Much like Bitcoin disrupts the financial sector, Web3 is primed to disrupt all other sectors, including gaming, social media, e-learning, and data sovereignty.

But, big ships are slow to turn, and mass adoption takes time. It will happen, as the saying goes, "slowly, then all at once." However, disruptive innovations, as alluring as they may be, are still not immune to market downturns. Especially "risk-on" emerging asset classes like crypto. Here's how I navigate those volatile downturns and remain focused throughout the bear market when the music stops the hype dries up, and the masses declare "crypto is dead" yet again.

Bear market phases transcend mere downturns; they serve as refining fires for my convictions. Sort of like slash-and-burn farming, or in crypto terms, a shake-out of the weak hands. This pattern can be observed on the chain. Each cycle, Bitcoin moves from short-term holders to long-term believers. Each cycle, a growing significant amount of Bitcoin remains unmoved at all. Ultimately moving from those who lack conviction to those who have conviction. The Bear market usually scares a lot of people away. The speculative enthusiasm slows down, leaving behind the detritus of fleeting projects. Some projects don't make it. Some traders don't make it as well. The bear market is not for everyone; it's for those who have convictions. Let us remember that in the bear market, nothing changes but the price. The foundational principles of Bitcoin and Web3 remain steadfast. It was during these times that the essence of my personal thesis crystallized—not as speculative ventures, but as deep-seated convictions in the Web3 technologies poised to redefine our world.

The solitude of the bear market also heralded my transformation from a passive onlooker to an active contributor in the Web3 space. Engaging in writing, speaking, and educating, I endeavored to illuminate the path for others, helping them to look beyond the transient hype and grasp the enduring potential of decentralization. Alongside building a Web3edu community and a strong PLN Web3 workshop space, this framework served as my foundation.

This journey underscored the necessity for a structured approach to navigate the crypto realm, grounded in unwavering conviction and deliberate action:

1. Defining the Outcome: The inception of my journey involved crystallizing a vision for financial independence within a decentralized ecosystem. This vision illuminated my path, aligning my investments and endeavors with a broader purpose.

2. 💡 Building on Belief: My foundational thesis on Bitcoin and Web3 constituted the cornerstone of my strategy. This belief system, bolstered by meticulous research and continuous observation, provided stability amidst market tumult.

3. 🚫 Resisting the Shiny Objects: The temptation of immediate gains from nascent projects was ever-present. Nevertheless, adherence to my foundational investment reasons enabled me to bypass fleeting trends, maintaining fidelity to my thesis amidst the market’s cacophony.

4. 🌱 Engagement and Growth: Contrary to periods of hibernation, bear markets presented opportunities for active engagement. These phases were instrumental in deepening my comprehension, contributing to the community, and laying the groundwork for forthcoming innovations.

5. 🔄 Monitoring and Adapting: Although my core thesis remained unaltered, vigilance to the changing landscape was imperative. This openness to refinement ensured that my convictions remained pertinent and informed.

My foray into the cryptocurrency domain has illuminated the quintessential role of conviction. Success in this volatile sphere extends beyond mere investment acumen; it is rooted in a profound belief in the transformative capability of these technologies. As I continue to navigate through the vicissitudes of the market, my thesis acts as my compass, directing me towards a future where Bitcoin and Web3 redefine our digital and fiscal realms. The journey is fraught with challenges, yet armed with conviction, I march forward, unwavering in my dedication to this revolutionary vision.

This process involves thorough research, analysis of market trends, and a clear articulation of what you believe will drive value over the long term. Whether it's the technological innovation behind a blockchain project, the potential for widespread adoption, or the promise of decentralization, your thesis serves as the foundation upon which your investment decisions are built. It's your rationale, your guiding principle, and ultimately, your north star to guide you through market volatility.

🤔 Pause and Reassess: Take a step back from the daily market movements and revisit your original investment thesis. Reflect on the foundational reasons behind your choices and evaluate whether these premises still hold true. Sometimes, distancing yourself from the noise allows you to see the bigger picture and reaffirm your commitment to your initial beliefs.

Continuous Learning: The crypto space is constantly evolving, with new developments and insights emerging at a rapid pace. If you've strayed from your conviction, it may be due to gaps in your understanding or awareness of recent changes. Dedicate time to further education, deepening your knowledge of both the technology and market dynamics. This continuous learning process can reignite your passion and conviction in your investment thesis.

🤝 Seek Support and Perspectives: Engaging with the crypto community can provide both support and alternative perspectives that might help realign your focus. Discussions with like-minded individuals who share your conviction can reinforce your beliefs, while debates with those holding opposing views can offer insights that strengthen your thesis through critical examination.

🚫 Avoid Impulse Decisions: Emotional and impulsive decisions are often the culprits behind straying from your investment thesis. Practice mindfulness and emotional regulation techniques to maintain a clear head when making investment decisions. Remember, successful investing in the crypto space is a marathon, not a sprint. Patience and discipline are key virtues.

🔍 Assess and Adapt: Schedule regular intervals to review your investment portfolio and thesis. These checkpoints serve as opportunities to assess whether your investments still align with your original goals and to make adjustments as necessary. The crypto market's fast pace means that flexibility and adaptability are important, but changes to your portfolio should always be made in the context of your overarching thesis and not in reaction to short-term market movements.

✍ Document Your Journey: Keeping a journal (or better yet, a blog) documenting your investment decisions, the rationale behind them, and the emotions you experienced at the time can be incredibly insightful. When you find yourself straying, reviewing this journal can help you understand what led you off course and how to avoid similar situations in the future. It can also serve as a tangible reminder of your growth and learning over time. Be okay with sharing wins and losses publicly. No one is immune to losses or setbacks; being open about this

will only help keep you grounded in the long run. Remember, it's all part of the journey, and it's all learning.

🔍 Simplify Your Strategy: If you're feeling overwhelmed, consider simplifying your investment strategy to focus on the core aspects of your thesis. Complexity can lead to confusion and indecision. By focusing on the fundamental principles that underpin your conviction, you can reduce noise and make more grounded decisions.

👥 Seek Professional Guidance: If you're struggling to realign with your investment thesis, seeking advice from financial advisors or experts in the crypto field can provide clarity and guidance. Professional insights can help you navigate your uncertainties and develop a more structured approach to returning to your conviction.

Veering off the path of your investment thesis is a challenge many face in the dynamic crypto market. However, by adopting these strategies to reassess, re-educate, engage, and simplify, you can steer yourself back to the principles and conviction that originally guided your journey. Remember, the essence of successful investing in crypto lies not in chasing the latest trend but in steadfastly adhering to a well-researched, belief-driven strategy.

This journey underscored the necessity for a structured approach to traverse the crypto realm, grounded in unwavering conviction and deliberate action:

1. Defining the Outcome: The inception of my journey involved crystallizing a vision for financial independence within a decentralized ecosystem. This vision illuminated my path, aligning my investments and endeavors with a broader purpose.

2. 💡 Building on Belief: My foundational thesis on Bitcoin and Web3 constituted the cornerstone of my strategy. This belief system, bolstered by meticulous research and continuous observation, provided stability amidst market tumult.

3. 🚫 Resisting the Shiny Objects: The temptation of immediate gains from nascent projects was ever-present. Nevertheless, adherence to my foundational investment reasons enabled me to bypass fleeting trends, maintaining fidelity to my thesis amidst the market’s cacophony.

4. 🌱 Engagement and Growth: Contrary to periods of hibernation, bear markets presented opportunities for active engagement. These phases were instrumental in deepening my comprehension, contributing to the community, and laying the groundwork for forthcoming innovations.

5. 🔄 Monitoring and Adapting: Although my core thesis remained unaltered, vigilance to the changing landscape was imperative. This openness to refinement ensured that my convictions remained pertinent and informed.

Identify your big rocks. That's your thesis.

Next, be unshakeable. 🫡

Review, evaluate, learn evolve, but stay true to your thesis and have fucking conviction. 🚀

Reflecting on the recent crypto and NFT bear market cycles, several lessons have emerged that are crucial for investors, creators, and enthusiasts alike. Here are 19 lessons learned from navigating through these challenging times:

Crypto and NFT markets are inherently volatile, with dramatic fluctuations that can occur in short periods.

Before investing, thorough research is crucial to understand the project's fundamentals, team, and market potential.

Diversifying investments across different assets can mitigate risk in a bear market.

Maintaining a long-term perspective helps weather short-term market downturns and capitalize on the underlying technology's growth potential.

The ability to manage emotions and avoid panic selling during market lows is essential for preserving capital.

Having liquidity allows investors to take advantage of market opportunities or cover unexpected expenses without selling assets at a loss.

with real utility and strong use cases are more likely to sustain value over those driven by hype.

A strong, supportive community can be a significant asset for a project during bear markets.

Implementing strategies to manage and mitigate risk is crucial, such as setting stop-loss orders or allocating only a portion of your portfolio to high-risk assets.

Understanding and keeping abreast of regulatory changes is vital, as they can have significant impacts on the crypto and NFT markets.

The importance of securing digital assets against theft and fraud becomes even more pronounced during bear markets.

Recognizing that markets move in cycles can help investors anticipate shifts and make informed decisions.

Bear markets can be periods of innovation, as projects focus on development and improvement.

Investing in fewer, high-quality projects is often more beneficial than spreading investments too thin.

Analyzing and learning from losses or mistakes is a valuable process that can lead to improved strategies.

Patience is crucial; the most significant gains often come after enduring the market's toughest periods.

Bear markets can flush out scams and overhyped projects, highlighting the importance of due diligence.

While timing the market is extremely difficult, understanding market sentiment and macroeconomic factors can provide clues about the market's direction.

Being adaptable and open to changing strategies based on market conditions and new information is vital for success in the volatile world of crypto and NFTs.

Active participation and engagement within the crypto and NFT communities not only provide invaluable insights and updates but also foster a sense of belonging and support. This engagement can be crucial during bear markets, as sharing knowledge, experiences, and strategies can help individuals and projects navigate through tough times more effectively.

These lessons underscore the complexity and challenges of investing in the rapidly evolving crypto and NFT markets, emphasizing the need for education, caution, and strategic thinking. ♾

Thanks for reading!

See you next week!

Join us on paragraph.xyz for more

ARMADA has Arrived: Learn More

Conscious Concepts ♾

SUBSCRIBE TO WEB3WEEKLY ♾

📢 Web3 Careers

♾ Web3Edu LinkedIn PLN

– Nick ∞

♾ News of the Week 📬

♾ A Journey of Conviction and Building Through the Bear Market 🐻

♾ Crafting (& Keeping) Your Thesis

♾ Top 20 Essential Lessons from the Crypto & NFT Bear Market Cycles 🐻

Web3 Conferences & Side Events 2024 Global Mega List 📙

Why Coinbase, Solana, and Near Protocol Had Massive Gains This Week 💭

Web3 surveillance proves we need on-chain data ownership | Opinion 💭

Navigating the web3 scene and cryptic market demands not merely accepting its inherent volatility but creating deep-rooted conviction in your chosen trajectory.

Below is a bit from my expedition which led me to develop an understanding of the importance of identifying your "Big Rocks" and developing unwavering conviction.

It started in 2017 when I first learned about Bitcoin's potential as a sovereign global currency.

As someone who has lived abroad and experienced the friction of transferring money across borders or having multiple "fiat currencies" in your wallet at one time, Bitcoin made a lot of sense to me. As its narrative continued to emerge, it became not merely another emerging asset but a beacon of financial autonomy against the backdrop of deteriorating trust in the U.S. dollar, burdened by unsustainable national debt and wobbly currencies inevitably pegged to the US dollar, creating a centralized, single point of failure. Meaning, Bitcoin was the only other alternative to opt out of the traditional trap of the deflationary downtrend affecting all users, whether they knew it or not.

This conviction was not a spur-of-the-moment inspiration. Since 2017, my belief has been fortified by observing Bitcoin's resilience through cyclical market halvings, its growing allure to institutional investors, and the shift in perception among newer generations toward digital assets. However, the core of Bitcoin's value extends beyond these temporal events; it is anchored in a collective belief in its utility and scarcity.

Around that same time, my exploration into Web3 revealed a paradigm shift towards the decentralization of power back to individual users. This evolution was informed by witnessing the internet's journey from a platform of open protocols to a domain controlled by centralized digital conglomerates.

Moving from a read-only level of permissions to read, write, and own.

Web3's promise was to decentralize control, enabling users to reclaim sovereignty over their data, identity, and financial transactions.

Much like Bitcoin disrupts the financial sector, Web3 is primed to disrupt all other sectors, including gaming, social media, e-learning, and data sovereignty.

But, big ships are slow to turn, and mass adoption takes time. It will happen, as the saying goes, "slowly, then all at once." However, disruptive innovations, as alluring as they may be, are still not immune to market downturns. Especially "risk-on" emerging asset classes like crypto. Here's how I navigate those volatile downturns and remain focused throughout the bear market when the music stops the hype dries up, and the masses declare "crypto is dead" yet again.

Bear market phases transcend mere downturns; they serve as refining fires for my convictions. Sort of like slash-and-burn farming, or in crypto terms, a shake-out of the weak hands. This pattern can be observed on the chain. Each cycle, Bitcoin moves from short-term holders to long-term believers. Each cycle, a growing significant amount of Bitcoin remains unmoved at all. Ultimately moving from those who lack conviction to those who have conviction. The Bear market usually scares a lot of people away. The speculative enthusiasm slows down, leaving behind the detritus of fleeting projects. Some projects don't make it. Some traders don't make it as well. The bear market is not for everyone; it's for those who have convictions. Let us remember that in the bear market, nothing changes but the price. The foundational principles of Bitcoin and Web3 remain steadfast. It was during these times that the essence of my personal thesis crystallized—not as speculative ventures, but as deep-seated convictions in the Web3 technologies poised to redefine our world.

The solitude of the bear market also heralded my transformation from a passive onlooker to an active contributor in the Web3 space. Engaging in writing, speaking, and educating, I endeavored to illuminate the path for others, helping them to look beyond the transient hype and grasp the enduring potential of decentralization. Alongside building a Web3edu community and a strong PLN Web3 workshop space, this framework served as my foundation.

This journey underscored the necessity for a structured approach to navigate the crypto realm, grounded in unwavering conviction and deliberate action:

1. Defining the Outcome: The inception of my journey involved crystallizing a vision for financial independence within a decentralized ecosystem. This vision illuminated my path, aligning my investments and endeavors with a broader purpose.

2. 💡 Building on Belief: My foundational thesis on Bitcoin and Web3 constituted the cornerstone of my strategy. This belief system, bolstered by meticulous research and continuous observation, provided stability amidst market tumult.

3. 🚫 Resisting the Shiny Objects: The temptation of immediate gains from nascent projects was ever-present. Nevertheless, adherence to my foundational investment reasons enabled me to bypass fleeting trends, maintaining fidelity to my thesis amidst the market’s cacophony.

4. 🌱 Engagement and Growth: Contrary to periods of hibernation, bear markets presented opportunities for active engagement. These phases were instrumental in deepening my comprehension, contributing to the community, and laying the groundwork for forthcoming innovations.

5. 🔄 Monitoring and Adapting: Although my core thesis remained unaltered, vigilance to the changing landscape was imperative. This openness to refinement ensured that my convictions remained pertinent and informed.

My foray into the cryptocurrency domain has illuminated the quintessential role of conviction. Success in this volatile sphere extends beyond mere investment acumen; it is rooted in a profound belief in the transformative capability of these technologies. As I continue to navigate through the vicissitudes of the market, my thesis acts as my compass, directing me towards a future where Bitcoin and Web3 redefine our digital and fiscal realms. The journey is fraught with challenges, yet armed with conviction, I march forward, unwavering in my dedication to this revolutionary vision.

This process involves thorough research, analysis of market trends, and a clear articulation of what you believe will drive value over the long term. Whether it's the technological innovation behind a blockchain project, the potential for widespread adoption, or the promise of decentralization, your thesis serves as the foundation upon which your investment decisions are built. It's your rationale, your guiding principle, and ultimately, your north star to guide you through market volatility.

🤔 Pause and Reassess: Take a step back from the daily market movements and revisit your original investment thesis. Reflect on the foundational reasons behind your choices and evaluate whether these premises still hold true. Sometimes, distancing yourself from the noise allows you to see the bigger picture and reaffirm your commitment to your initial beliefs.

Continuous Learning: The crypto space is constantly evolving, with new developments and insights emerging at a rapid pace. If you've strayed from your conviction, it may be due to gaps in your understanding or awareness of recent changes. Dedicate time to further education, deepening your knowledge of both the technology and market dynamics. This continuous learning process can reignite your passion and conviction in your investment thesis.

🤝 Seek Support and Perspectives: Engaging with the crypto community can provide both support and alternative perspectives that might help realign your focus. Discussions with like-minded individuals who share your conviction can reinforce your beliefs, while debates with those holding opposing views can offer insights that strengthen your thesis through critical examination.

🚫 Avoid Impulse Decisions: Emotional and impulsive decisions are often the culprits behind straying from your investment thesis. Practice mindfulness and emotional regulation techniques to maintain a clear head when making investment decisions. Remember, successful investing in the crypto space is a marathon, not a sprint. Patience and discipline are key virtues.

🔍 Assess and Adapt: Schedule regular intervals to review your investment portfolio and thesis. These checkpoints serve as opportunities to assess whether your investments still align with your original goals and to make adjustments as necessary. The crypto market's fast pace means that flexibility and adaptability are important, but changes to your portfolio should always be made in the context of your overarching thesis and not in reaction to short-term market movements.

✍ Document Your Journey: Keeping a journal (or better yet, a blog) documenting your investment decisions, the rationale behind them, and the emotions you experienced at the time can be incredibly insightful. When you find yourself straying, reviewing this journal can help you understand what led you off course and how to avoid similar situations in the future. It can also serve as a tangible reminder of your growth and learning over time. Be okay with sharing wins and losses publicly. No one is immune to losses or setbacks; being open about this

will only help keep you grounded in the long run. Remember, it's all part of the journey, and it's all learning.

🔍 Simplify Your Strategy: If you're feeling overwhelmed, consider simplifying your investment strategy to focus on the core aspects of your thesis. Complexity can lead to confusion and indecision. By focusing on the fundamental principles that underpin your conviction, you can reduce noise and make more grounded decisions.

👥 Seek Professional Guidance: If you're struggling to realign with your investment thesis, seeking advice from financial advisors or experts in the crypto field can provide clarity and guidance. Professional insights can help you navigate your uncertainties and develop a more structured approach to returning to your conviction.

Veering off the path of your investment thesis is a challenge many face in the dynamic crypto market. However, by adopting these strategies to reassess, re-educate, engage, and simplify, you can steer yourself back to the principles and conviction that originally guided your journey. Remember, the essence of successful investing in crypto lies not in chasing the latest trend but in steadfastly adhering to a well-researched, belief-driven strategy.

This journey underscored the necessity for a structured approach to traverse the crypto realm, grounded in unwavering conviction and deliberate action:

1. Defining the Outcome: The inception of my journey involved crystallizing a vision for financial independence within a decentralized ecosystem. This vision illuminated my path, aligning my investments and endeavors with a broader purpose.

2. 💡 Building on Belief: My foundational thesis on Bitcoin and Web3 constituted the cornerstone of my strategy. This belief system, bolstered by meticulous research and continuous observation, provided stability amidst market tumult.

3. 🚫 Resisting the Shiny Objects: The temptation of immediate gains from nascent projects was ever-present. Nevertheless, adherence to my foundational investment reasons enabled me to bypass fleeting trends, maintaining fidelity to my thesis amidst the market’s cacophony.

4. 🌱 Engagement and Growth: Contrary to periods of hibernation, bear markets presented opportunities for active engagement. These phases were instrumental in deepening my comprehension, contributing to the community, and laying the groundwork for forthcoming innovations.

5. 🔄 Monitoring and Adapting: Although my core thesis remained unaltered, vigilance to the changing landscape was imperative. This openness to refinement ensured that my convictions remained pertinent and informed.

Identify your big rocks. That's your thesis.

Next, be unshakeable. 🫡

Review, evaluate, learn evolve, but stay true to your thesis and have fucking conviction. 🚀

Reflecting on the recent crypto and NFT bear market cycles, several lessons have emerged that are crucial for investors, creators, and enthusiasts alike. Here are 19 lessons learned from navigating through these challenging times:

Crypto and NFT markets are inherently volatile, with dramatic fluctuations that can occur in short periods.

Before investing, thorough research is crucial to understand the project's fundamentals, team, and market potential.

Diversifying investments across different assets can mitigate risk in a bear market.

Maintaining a long-term perspective helps weather short-term market downturns and capitalize on the underlying technology's growth potential.

The ability to manage emotions and avoid panic selling during market lows is essential for preserving capital.

Having liquidity allows investors to take advantage of market opportunities or cover unexpected expenses without selling assets at a loss.

with real utility and strong use cases are more likely to sustain value over those driven by hype.

A strong, supportive community can be a significant asset for a project during bear markets.

Implementing strategies to manage and mitigate risk is crucial, such as setting stop-loss orders or allocating only a portion of your portfolio to high-risk assets.

Understanding and keeping abreast of regulatory changes is vital, as they can have significant impacts on the crypto and NFT markets.

The importance of securing digital assets against theft and fraud becomes even more pronounced during bear markets.

Recognizing that markets move in cycles can help investors anticipate shifts and make informed decisions.

Bear markets can be periods of innovation, as projects focus on development and improvement.

Investing in fewer, high-quality projects is often more beneficial than spreading investments too thin.

Analyzing and learning from losses or mistakes is a valuable process that can lead to improved strategies.

Patience is crucial; the most significant gains often come after enduring the market's toughest periods.

Bear markets can flush out scams and overhyped projects, highlighting the importance of due diligence.

While timing the market is extremely difficult, understanding market sentiment and macroeconomic factors can provide clues about the market's direction.

Being adaptable and open to changing strategies based on market conditions and new information is vital for success in the volatile world of crypto and NFTs.

Active participation and engagement within the crypto and NFT communities not only provide invaluable insights and updates but also foster a sense of belonging and support. This engagement can be crucial during bear markets, as sharing knowledge, experiences, and strategies can help individuals and projects navigate through tough times more effectively.

These lessons underscore the complexity and challenges of investing in the rapidly evolving crypto and NFT markets, emphasizing the need for education, caution, and strategic thinking. ♾

Thanks for reading!

See you next week!

Join us on paragraph.xyz for more

ARMADA has Arrived: Learn More

Conscious Concepts ♾

SUBSCRIBE TO WEB3WEEKLY ♾

📢 Web3 Careers

♾ Web3Edu LinkedIn PLN

– Nick ∞