Grayscale is entering the DeFi space and what shall we do
Hi,
in the pictures bellow, we have all the fillings done by Grayscale for the trusts. The latest fillings came in yesterday for 5 of them, to be precise for Cardano(ADA), Polkadot, Monero, Aave and Cosmos.
Does this mean they will get immediately in? Of course not, but it is a step showing the direction. We might see the crypto space being bullish for the next months with a real season for altcoins.
It will drain a lot of crypto capital for the market as this big boys have tasted the blood of it and just want more.
A lot of people will see it as dangerous and again as a wealth transfer to the rich ones. Remember this, this wealth transfer is not happening if we don't allow it. Here is the moment of hodling. Just keep your valuable coins and don't sell them. Like this, nobody will take your wealth and by the higher demand your value will increase.
it is simple as that.
We are small and this gives us a big advantage that the big buys with big pockets don't have, the agility. It is like in boxing, categories have different ways of fighting, big guys hit hard but are slow and the small ones have the high velocity and the agility to avoid hits.
What shall we do? Buy before they do,increasing before them the price so that they are forced to spend more and increase our value. We can buy now, where they need to wait till all documents are approved, released. As state employees are most of the time, this gives us an advantage and a verge of buying before them.
Like on the madness with GameStop, the small guys made the big money before of the big guys. Not that I want Grayscale to fail, on the contrary, I want them to succeed to show the others where the trip is going to. Also i want them to win because a lot of peoples pension is with them.
The thing is that I want that the big profit is taken by us, the ones already addicted to the wonderful world of crypto.
I will stake some more little ADA and will hope for a 10x increase on short time. Maybe Polkadot so this month we will go only by foot and not with the car anymore :)
There are two things that I may ask you. How do we signal this guys that there is Hive and LEO? I want to see at least a Hive trust!
https://twitter.com/Alex_van_Munich/status/1354802568082284546
I picked up some XTZ myself the other day. It just made a lot of sense given what they are doing on their end. Even if they never buy XTZ it is still brining some more eyes to the project. Plus XTZ gives me staking rewards I think, so that is always good too.
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I own some XTZ as well. Was thinking to sell it and buy more UNI but will hold on to it. XTZ might perform good as well.
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I'd stick with XTZ, you can buy and sell it on Coinbase, staking rewards, and you don't have to deal with gas like you do for Uni.
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I buy and sell via Exodus wallet. Same with UNI. Not moving anything on exchanges. It cost me some fees though when I exchanged like a madman. I had forgotten that I was earning staking rewards on XTZ...
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Thanks for the XTZ tip, as for the moment I don't own any. There are so many possibilities to choose now on the market that I loose sight of the good ones.
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Yeah, no problem. I haven't even look at the price lately. With the staking rewards, it is more of a long term hold for me.
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Ohh staking rewards, this I like to hear! This rewards are the passive way which I aim almost in all my investments!
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This is very interesting... I wasn't expecting big money looking into altcoins (other than maybe etherium) so soon.
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They are coming and I think it will change a lot the landscape!
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Haha that would be surreal to have a grayscale hive fund.
I will increase my low holding of XMR I think, but there’s so many battles to fight !
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It would be awesome to have. I have 1 XMR :) but as you say, to many battles to fight and I will go for the ones that I have a plan for.
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You're right on this one, I might reduce the scope a bit too.
Even being very selective I still have a plan for 5 of them and I'm not even counting LEO yet :D
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Through tweets maybe, open letters, some paid promotion on twietter that could get under their radar.
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Good ideas, we need to push where we can to get attention!
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