Unchained 2022 in Review + How Cobie and Chris Burniske Are Playing the New Year - Ep. 434
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Dec 20, 2022 Cobie, a prominent crypto investor and host of UpOnly, teams up with Chris Burniske, a partner at Placeholder Ventures, to dissect the tumultuous year of 2022 in the crypto world. They discuss the fallout from significant collapses, including FTX, and the lessons learned. Cobie hopes for justice against SBF, while Chris reflects on his own regrets. Despite the chaos, they remain optimistic about decentralized protocols and share strategies for surviving a bear market. Tune in for their insights on the evolving landscape and opportunities ahead.
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Fraud in Crypto
- This year's crypto market was disheartening due to the prevalence of fraud.
- Unlike previous market crashes caused by hacks or mistakes, many collapses stemmed from intentional deception, shaking trust.
DeFi Resilience
- Despite the downturn, decentralized protocols like Bitcoin and Ethereum functioned flawlessly.
- This resilience highlights their core value proposition and reinforces the reasons for their existence.
DCA Strategy
- Chris Burniske advises consistently buying during market downturns, using a tranching strategy.
- He emphasizes the importance of accumulating units of assets, regardless of dollar value fluctuations.