The speaker believes that philosophical views play an important role in the crypto world. They cite the example of their decision to leave Salon and FCT due to having negative philosophical views. The decision resulted in them avoiding significant losses as they exited early.

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Philosophical Views in Crypto: The Importance of Having a Good Philosophy

When it comes to investing in cryptocurrency, one might overlook the importance of philosophical views of the companies they invest in. However, it should not be ignored as it can have a significant impact on an investor’s portfolio.

The Importance of Philosophy in Crypto

Philosophical views play a crucial role in the success or failure of a cryptocurrency project. It’s the set of values, morals, and principles that govern the decision-making process of a company. A good philosophy can guide a project in the right direction, while a bad philosophy can lead to the downfall of a project.

For instance, let’s take the cases of Salon and FCT. The speaker in the Youtube script mentioned that he got out of these companies due to their bad philosophy. It is crucial to consider the philosophy of a company while investing in it.

Why Philosophy Matters

Philosophy sets the tone for the project’s direction. It is the foundation on which a cryptocurrency project is built. Good philosophy helps create a culture of transparency, fairness, and security. On the other hand, bad philosophy can result in unethical practices, misleading investors, and an unstable project.

Moreover, a good philosophy also attracts investors who share similar values and principles. It helps bring like-minded investors together, and they work towards a common goal. A shared philosophy builds trust and a sense of community among investors.

Conclusion

As an investor, it’s essential to consider the philosophical views of a cryptocurrency project. It can play a significant role in the success or failure of an investment. A good philosophy builds trust, attracts like-minded investors, and guides a project towards success. On the other hand, a bad philosophy can lead to the downfall of a project. Therefore, always do your research before investing in a cryptocurrency project.