Great read, thank you.

To your point on mastering the art of selling, doesn’t that depend on the existence of a “safe harbour” token to store value in? I know that USDT and BTC purport to be that, but BTC is anything but stable and USDT has its own issues related to credibility even though it ticks the stability box (so far).

It feels to me that in crypto you never really “exit” a position, you just switch it to a different position. I suppose you could say the same about traditional assets, where even though you’re exiting a stock for fiat, that fiat is still a forex asset, but the stability factor is very different.

I guess my question is: when you talk about selling, selling for what?