Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)

As a panda, I’ve always admired my fellow mammal buddies; the apes. Apes can be smart just like humans.

Then there are times when they can be complete derps

Today we’re going to examine the Ape Trilemma and how to fix it.

The Ape Trilemma is when an ape tries to make money in speculative markets but is broke, lazy, and stupid. I can’t stand by and watch my buddies suffer like this.

Now if you are broke, lazy, and stupid at the same time there’s not much that I or anyone else can do to help you. If you insist on gambling without addressing these three flaws you will simple be donating your money to the winner’s fund.

At most you should only be one of these things. For example if you’re stupid don’t be broke or lazy. If you have a bit of money and you’re not afraid of a little work you can still have a comfy retirement.

If you’re two of these things a case can be made that you can still survive though I wouldn’t recommend it. For example if you’re broke and stupid you better work your behind off to compensate for these deficiencies.

Now if you’re willing to do something about the Ape Trilemma, read on.

We can start by addressing each of these issues separately.

BROKE

There’s no shame in being poor. Not everyone enjoyed the taste of the proverbial silver spoon. Now If you STAY poor then that’s an issue. Part of the issue is mindset. Just because you’re poor now doesn’t mean you will be broke forever.

Now it won’t be pleasant at first. If you’re relatively young you probably need to do a bunch of crappy jobs like flipping burgers, delivering packages, surveys etc. Your savings will be meager but DO NOT give up. Before you know it you will have a little stash to invest.

Then you will need to protect and grow that stash to a big stash in your spare time.

The other side to this you will have to be a cheapskate and sacrifice at least in the short term. For instance I used work with a guy that commuted between states to save on vehicle expenses. That’s dedication!

The next part is goal setting. Let’s say you scraped together $5,000 through a combination of regular job, side hustle, and selling various bodily fluids.

Eww, panda!

Look I did say working and saving would be unpleasant right? Now focus!

Your next step is to set a reach goal and a dream goal.

Your reach goal should be tough but doable and have a deadline. For example you want to turn that $5,000 into $10,000 in 3 months.

Your dream goal should be challenging and will be longer term. For example you want to have $1,000,000 in ten years.

A combination of a reach goal and a dream goal will give you a sense of accomplishment and purpose.

LAZY

Technically I’m not lazy, I’m energy efficient.

Nobody likes to do more than necessary to accomplish a goal.

Hodling a great project is the best method for the truly lazy.

But there are times when you need to do unpleasant things to find such projects.

At the very least read full length articles on projects that seem interesting. These articles should have both good qualitative and quantitative factors. Write them down in a notebook so you can remember the reason you bought it.

Why?

Well, 3 month from now there might be another correction. You’ll have a bunch of bags. You’ll need to make some tough decisions. Which projects should you ditch? Which projects will you want to add to? It’s a lot easier if you did the work upfront to determine which are truly the best.

It’s tough to find time to do research on projects and then experiment with your risk capital. You come home tired from a crappy workplace and lousy commute. Look I get it but you need to carve out some time so you can finally escape that misery.

Find an aspect of crypto investing that interests you. Then open the fridge and finish that leftover pizza. While you’re munching away, browse some twitter feeds or hang out in some discords. Browse through the 0xpublish archives.

There’s a lot of noise to sift through but once you find a few gems it’ll all have been worth it.

While you wait try yield farming with established higher quality projects until you find the next big thing.

STUPID

“On every trade someone is getting screwed. The question you need to ask yourself is do you want to be the screwer or the screwee?” I edited this for foul language.

I try to keep this advice from an old trader before I risk my money on something.

In addition to watching out for obvious shill tactics, you need to make sure your time is not getting sucked away by distractions.

It takes time and experience to develop a discerning eye. Specifically BAD experience. You can’t consider yourself a DeFi veteran until you experience your first hack or rug pull.

Are you nuts panda?!? How is losing money going to help me?

Well when we make a mistake we generally learn not to do it later. For example I thought it would be a smart idea to buy DOGE on what I thought was a dip. Well it turned out to be a crater. I eventually got fed up and just sold it for a loss.

It was a stupid trade. I got caught up in the hype and wanted to join in the fun. This was the madness of crowds in economic form. Even experienced investors can get caught up in the craze. Thank goodness I came to my senses and kept the loss relatively small.

Well there you have it my dear readers. You can be either broke, lazy, or stupid and I hope this post can warn you from being all three!

As always I appreciate your support and hope you enjoy learning something different.

If you would be so kind to drop a like, subscribe, and let me know in the comments section which format you like better or any questions you may have.

Be sharp, stay hungry let’s get that money!