PARTNER: THE HAVEN
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INTERVIEW: Pierre_Crypt0
Pierre is a 28-year-old crypto market analyst, investor and trader from France. He is one of the six analysts from The Haven.
“A bit like finding your identity. I realised I did not have to trade like the people I was following and that I could build a much simpler system/approach to fight and fix my own limits. ”
JIM: DON’T MARRY THE BAG
It’s ‘create a narrative to justify buying high prices’ season, again...
Are prices going up? Yes. Is volatility good? Yes. So why in the hell does it matter why?
One thing I see all the time is that people need a narrative to justify poor decision-making.
More often than not, this leaves you holding the bag once the music stops due to the fact you think you bought “digital gold” or “anti-bank-flight-to-safety” or “inflation hedge”.
Honestly give it a rest. Do you really think people are fleeing the banks into BTC? The sheer size of the banking system, you think, would have an overwhelming impact on price.
From what I can tell, it's the same money floating around this market as it has been for the past year or so.
Alts are failing to follow as money bleeds out of them into BTC, arguably due to the narrative pushers deciding the only safe crypto asset to hold right now is BTC, which I can actually agree with.
One frustration I have with this space is the fact BTC could actually be useful for times like this but instead of building infrastructure to make on/off ramps better and the ability to actually spend your BTC more efficiently during the bull run when money was pouring into the space. Instead, everyone decided to pour their money into dog shit pump and dumps with no value.
Do I think BTC will fulfil its potential as an anti-establishment investment? I would like that to happen, but I don’t think it’s happening any time soon. I think what holds it back, like most things, is human greed. We love innovation, but we love it more if we can profit from it.
So enjoy the pumps. If there are narratives, take them with a grain of salt. Don't marry your investments; we are still in incredibly uncertain times.
My best advice to you all is whilst there’s good volatility, bank as much realised profit as you fucking can.
-Jim