Garg: Retail crypto investing without full-time dedication is highly risky
Avichal Garg · 20VC: The 2 Core Areas Value Will Accrue In Crypto, Why Crypto Will Drive The Re-Centralisation of Talent Back Into Silicon Valley & Why Regulation Is The Opposite of What We Should Be Concerned By in Crypto with Avichal Managing Partner @ Electric Capita · Aug 20, 2018 · at 16:38
Avichal Garg, Managing Partner at Electric Capital, warns about retail investors engaging in crypto trading without full-time market dedication.
0:00 / 0:14exact quote · 14.5s
720p mp4 · rendered on demand · StarZero watermark
“On the retail side, I think it's really, really tough. I think unless this is basically a full-time job, it becomes kind of like day trading or speculating, which I think is very, very risky, and so hopefully people are not risking money that they can't afford to lose, and the liquidity traps in this world are very real.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Avichal Garg
Garg: Crypto dApps and computation will not create most long-term value
“Even though most of the dollars today, I think, are going towards those last two buckets of distributed computation and distributed applications, I don't think that's actually where most of the really new value will get created in the long term.”
Garg: The real threat to crypto is authoritarian adoption, not bans
“The real risk, in my opinion, therefore, is not that the government bans this stuff. I think the real risk, actually, is that nefarious governments fully, fully embrace it.”
Garg: Fully decentralized teams cannot effectively scale complex tech projects
“Yeah, I generally think decentralized teams won't work. I think in the very, very early days of any platform, they can work, and it's because there is not that much competition, and a lot of what you need to build out is infrastructure, and you have a small nu…”
Garg: Crypto companies will eventually recentralize in Silicon Valley
“So what I would expect will happen is actually, over time, crypto companies will actually recentralize in large part to Silicon Valley.”
Garg: Mid-tier venture firms face severe disruption from on-chain capital competition
“The people I think should be worried are if you're like VC firm, 15 through 1000, right? Like I think you get disrupted because capital, as it becomes a commodity, if you're a venture firm, 25 and you're like not breaking the top decile in terms of returns, An…”