Aloha and welcome to Issue #8. As all of you who are involved in the web3/crypto space know it has been a rough couple of weeks. We have seen some heavy price drops in the value of a variety of cryptocurrencies and many NFT projects have had their valuations go down significantly. If I haven't mentioned this before I'll say it againāthis is a highly speculative space. Valuations are volatile and it is important to be very aware of this before you invest any of your money.One this that has drawn me to web3 is that it is a combination of a number of things that I find interestingāinvesting, community, and creativity. My views on all three of these have been tested in this recent environment. But I am happy to say that I am even more bullish than ever on the transformational trajectory of web3.I know it is hard to imagine being bullish on something in which you may have experienced a 60% or even an 80% decrease in value in things you have put your money towards. But here are three main things I have learned over the past couple of weeks during this volatility:Do not invest money that you would need to surviveProjects with strong communities have become even stronger during this volatilityYou need to have a decades-long time horizon, not weeks or months, or even yearsI hope you are all doing well out in web3 land. I know it isn't easy, I am experiencing this firsthand myself. But I can't reiterate point #1 enough. If you are investing money that you need to survive, you should take a better look at your approach. The potential of big gains is not worth risking your ability to meet your basic needs of food, housing, and clothing. Invest knowing that all of this could go to zero and all you have left is some cool jpegs to look at it. Nothing is guaranteed.But if you are investing money that you don't even notice is down because you are meeting all your financial obligations, then be patient. Build better relationships with the people in the projects you are a part of. This is a great time to engage even more with your community.This is a crazy time. Change takes time. None of this mass adoption will happen overnight. I am trying to imagine our world in 2035 or 2045. Extend your time horizon and always continue to buidl!Please enjoy all the links below, and as always your likes, Tweets, and Retweets really help spread awareness of this newsletter. Also, if you have any interesting web3 articles, news, or events feel free to share in my DMs, I am always looking to learn more about what is going out there!
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Ed3Weekly: Issue #8 of Web3š¤Education
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Aloha and welcome to Issue #8. As all of you who are involved in the web3/crypto space know it has been a rough couple of weeks. We have seen some heavy price drops in the value of a variety of cryptocurrencies and many NFT projects have had their valuations go down significantly. If I haven't mentioned this before I'll say it againāthis is a highly speculative space. Valuations are volatile and it is important to be very aware of this before you invest any of your money.One this that has drawn me to web3 is that it is a combination of a number of things that I find interestingāinvesting, community, and creativity. My views on all three of these have been tested in this recent environment. But I am happy to say that I am even more bullish than ever on the transformational trajectory of web3.I know it is hard to imagine being bullish on something in which you may have experienced a 60% or even an 80% decrease in value in things you have put your money towards. But here are three main things I have learned over the past couple of weeks during this volatility:Do not invest money that you would need to surviveProjects with strong communities have become even stronger during this volatilityYou need to have a decades-long time horizon, not weeks or months, or even yearsI hope you are all doing well out in web3 land. I know it isn't easy, I am experiencing this firsthand myself. But I can't reiterate point #1 enough. If you are investing money that you need to survive, you should take a better look at your approach. The potential of big gains is not worth risking your ability to meet your basic needs of food, housing, and clothing. Invest knowing that all of this could go to zero and all you have left is some cool jpegs to look at it. Nothing is guaranteed.But if you are investing money that you don't even notice is down because you are meeting all your financial obligations, then be patient. Build better relationships with the people in the projects you are a part of. This is a great time to engage even more with your community.This is a crazy time. Change takes time. None of this mass adoption will happen overnight. I am trying to imagine our world in 2035 or 2045. Extend your time horizon and always continue to buidl!Please enjoy all the links below, and as always your likes, Tweets, and Retweets really help spread awareness of this newsletter. Also, if you have any interesting web3 articles, news, or events feel free to share in my DMs, I am always looking to learn more about what is going out there!