Memecoins, Establishing Routine, and Balaji Bet

What’s up friends.

Hope all is well, it’s time for another exciting week of Digging Deep.⚒️

This week’s newsletter will cover:

• 👀 Memecoin’s and what they create

• 🏃🏼Establishing a routine

• 💵Balajai Srinivasan’s video on spending

Time to jump in…

The Memecoin Meta 🐸

The crypto token $Pepe, started another season of pump and dump memecoins.

Just like Doge, Shiba, and Bonk, Pepe is backed by hype and community. It is easier for someone to rally behind a meme than “good tech”.

The Pepe Twitter is pulling almost 10k likes per tweet and the market cap of the coin has reached over a billion dollars.

So what does this tell us about people?

First of all, the rise of Pepe leads to other tokens being launched, many of which are scams.

Meme’s help onboard more people into Web3, but in my opinion, puts crypto in a negative light. Too many people get scammed immediately upon entering.

The technology of crypto is so foundational, but nobody cares when everyone shifts to “Price go up” mentality.

Most of these coins pump and go to zero eventually, if not quickly. This could be because it takes 27 seconds to deploy a memecoin on the blockchain:

This meta proves that psychology is a real part of trading. Emotional ups and downs for many people. Not knowing when to buy or when to sell.

Personally, I would rather invest in well-researched projects with a good foundation and long-term vision, but I understand it, meme’s can be life-changing money.

If you are participating in meme season, be careful and be smart.

Think logically about human emotion. Get out of the way of your own emotions and think what others would do.⛔️

Now I will tell you how I built a routine that 10x my life output👉

Good Routine = Good Life 📲

Recently, I have made some changes and realizations about my daily schedule.

Some people may think that a routine puts your life in restriction. In a way, this is true, but let me explain why it’s better.

Navy Seal Jocko Willink says “Discipline equals Freedom”. A routine requires discipline and therefore equals freedom.

A routine sets up the ability for you to curate your perfect day. If the work gets done when you schedule it, that burden is lifted off of your shoulders.

If you say “I will do my work whenever I want”, that’s actually less freedom. The thought of having to do your work haunts you and probably turns into procrastination.

So here is my routine:

While it may seem strict, I enjoy every part of my day. Things come up and sometimes it changes, but this is a rough outline.

I also loves surfing, concerts, and mountain biking, which I always make time for.

The moral of the story is, pick what you want out of life, and create a routine around it.

For me, that’s building my brand and working toward a career in Web 3. Simultaneously, leaving time to enjoy the gifts of life.

If you want to see someone who is massively successful talk about the winning formula behind routine, watch this video by Alex Becker:

Balaji Settles Bitcoin Bet 💸

As some of you know, the genius thinker, Balaji Srinivasan, made a bet earlier this year that Bitcoin would reach a million dollars.

This week he settled the bet early and burned a million dollars in Bitcoin.

Why?

Well, Balaji’s bet was not placed without good reasoning. He believes that the United States is on the hook for a banking crisis worse than 2008.

His thought was, and still is, that the US Dollar is losing value due to massive debt and money printing, therefore Bitcoin is the safe alternative.

This video is worth watching for anyone interested. His points are eloquent, concise, and intricate:

Balaji’s opinion can be seen as the odd one out. However, sometimes the 1 percent opinion that goes against the other 99, ends up being right.

Nassim Taleb’s idea of Black Swan’s applies perfectly here. To best sum up he says “It is a good day to be a turkey 364 days a year.”

Balaji is Thanksgiving. Very interesting and worth considering.

My Weekly Win 🎉:

Achieving 3,000 followers on Twitter.

Don’t miss out on getting better, staying up to date on crypto, and following my journey. Hit that Subscribe button. Til next week. Much love