source avatarryangtanaka | teia.cafe

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

I made money from HODLing mostly ETH during the 2014-2016, 2018-2020 "bear markets". When the crypto markets started to dip in 22', I swapped most of my ETH for XTZ, under the idea that it would probably hold better during downturns. I'm not one of those people who got into Tezos in the ICO - I didn't really see the point of doing that until the Hic et Nunc / @TeiaCommunity days. Price action wise, ETH is doing better than XTZ from when I switched, but the staking rewards on Tezos is much better - 10% average on XTZ vs ETH which was just 3%. So it's basically about the same - we can nickel and dime things here and there but it's really nothing worth writing home about. It's still anyone's game as far as I'm concerned. The higher rewards and small size means more growth potential - assuming that it actually happens some day. But the industry is going to have to figure out how to use crypto/NFT tech for something *actually useful*, which everyone has been screaming about since the very beginning. Right now AI has everyone's attention but there's going to come a time when people get bored of that, too. We need to be making sure that we're ready when that happens - and we need to pivot out of the scarcity mindset that has plagued the Web3 industry for the last few years. Growth, not extraction. That's the only thing that will pull Web3 out of the pit. 🕳️📈

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.