if I had just learned a little earlier about putting money into stables as I mentioned in my post last week. It is really surprising how quickly we can go from flying high to being entrenched in a bit of a downturn.

Not surprised at all about this and why this happens. Chamath Palihapitiya, one of my favorite investors not because he's a genuis or anything but because he believes in one core principle and idea within investing. That is invest in what you like and you're never dissapointed.

So he loves to invest in green energy, companies that make the world a better place. When you invest that way you're never dissapointed. I do the same thing with UBI projects. He says you should set it and forget it.. Put your money in because you like the company never look back. I agree with that idea so again i'm doing it because i like the project and that it helps people.

So then you're not playing catch the falling daggar or the sword of damascles. It's worked for Chamath, it's worked for me. Let's take a look at some of the coins you're bullish on.

1st up Hive. I like Hive but only because i think free transactions make sense. However at the end of the day Hive to me is just Steem.. it's just a fork a clone and its only going to go as far as the progenitor. Seldom do forks and clones outperform the original product i see Hive no different than that.

Leofinance, it's fun to talk to people with similar investment endeavors however leofinance is a clone of hive.blog or peakd.. it's nothing revolutionary here. I get rebranding of products but the gateway is still having to come through hive for the most part. I don't believe anything will happen in this product beyond just serving the interest of a small segment of people.

Wax, i never drank the nft koolaid. For so many reasons nft's don't make alot of sense. I think however they comprise and put together nft products they generally end up being more troublesome than helpful. Sure that could change in the future with some new nft product however that hasn't happened yet both nfts and defi have been pretty much a disaster in crypto and a bubble. The latest annual gimmick we have them every year. The following year we'll have yet another i'm sure. As the creators of these things in their circus got just enough imagination to come up with something long enough each year to get our money for it to ultimately not work. They've been doing that since the ico mania year after year.

As far as Cub.i don't doubt that the team works hard. I think within the scope of defi like many products we still don't understand what the value of these cryptos are. So much of the idea of defi right now in crypto is nothing more than a more elaborate casino and giving access to an even more speculative and high risk situation. So i don't doubt they work hard on their product but its not about working hard on a product. It's about working hard on the right product and understanding your markets. The defi train only had about 400k participants in the beginning. I doubt they even have that now. So i'm not really optimistic about many things in relation to how we understand what defi can become happening as of yet.

Ava, it could possibly be that covid restrictions lift and people stop wearing masks and now they wanna take advantage of all these great trips in the travel agency world. Or maybe we're going to be handicapped for several more years and the travel industry won't perform as well.. We've been changed a great deal just to travel to the movies lol. Now everyone just wants to stream movies at home. So the home entertainment area i believe will continue to see alot of money.

My overall issue i'll just cut to the chase. Is i still don't really believe in businesses on the blockchain at this time. I think its too soon and not a good idea to be investing in what essentially feels like penny stock companies over the blockchain but without shareholder voting rights and no regulatory protection.. i just think at this early stage the monetary policies that crypto represents makes sense. I"m not a bitcoin maximalist but i understand what they are saying about such products that dont' have really the market fit and they trying to be businesses over the blockchain. I think at this stage the infrasture and cryptos that house certain products maybe still make more sense than specific areas of companies and products simply because i think there is going to be alot of new changes to crypto in the future and i don't think the products that exist today necessarily will have anything to do with that. I think they could possibly be totally different products and ideas. However some see high risk investment as fun.. like gambling so if you see it that way i would imagine its an easier pill to swallow.

In conclusion to me at this point really only thing that makes sense is stable coins and social networks. However not social networks that exist like on hive so far. I have a problem with paying for social media in a world thats never really paid for it. Feels like a subscription service or membership site..As far as, stable coins great idea make more sense to me than most. My issue with crypto stable coins is how do you audit them? For the most part you don't .. The other part is if its a crypto stable coin why would you tie it to a fiat currency. I think thats pretty ridiculous. Doesn't make any sense.

How do you tie something to a currency that it itself is not stable. You're backing somethign with another something filled up with hot air well thats genuis. To me the best stable coin would be backed by a growing network. The network itself would be a free network. Not a network you pay for or that is centralized by miners, developers, exchanges and wealth. Thats like 99.9% of crypto. However i still think the best crypto uses and products will come out of stable coins backed by really big networks that can grow. Those networks will be free networks.

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