Here’s why you’re NOT making money in crypto, and how you can take action to change that today
Thread 🧵
Thread 🧵
When I first got started in crypto, I had no process, did no diligence and aped into “calls” based on influencer telegram chats. I lost money buying Safemoon and Pitbull late because my friends were shilling them to me and made a lot of money.
What were my major problems?
1: I had no structured process. I didn’t have a standardized idea funnel, I didn’t know how to spot scams or watch wallets and my entries and exits were all emotionally charged.
1: I had no structured process. I didn’t have a standardized idea funnel, I didn’t know how to spot scams or watch wallets and my entries and exits were all emotionally charged.
2: FOMO. Crypto is a narrative focused and emotional market. Buying what’s hot today will not do as well as buying when the hype dies (if the project is good).
3: Activity. When you first get started making trades on DEXs, you think you’re a VC and should pull the trigger on as many ideas as possible. The problem is if you’re over active, you are NOT doing proper diligence on each project, you don’t know the catalysts.
You don’t have conviction and you aren’t keyed into the communities or know where to look for alpha. Being over active also means you tend to be buying high and selling low, and moving too fast.
My best results in crypto have either come from (1) moving fast but only on key new launches or (2) buying very, very slowly. Buying slow on a project smooths out your average cost, which in alts that move +/- 20% per day, can be your best friend.
4: I had no network! Being in good discord communities can help you network with peers, diligence projects together, share whale wallets and share alpha.
Once I turned these key issues into strengths, my crypto results changed drastically (massive outperformance vs ETH). Funny enough, ETH is flat vs when I initially got into crypto, so all pnl I’ve put together has been alpha.
How can I learn to transform from a reflector token chasing noob to a sophisticated wizard?
1: read and subscribe to my substack! I provide educational content the way I wish I was taught a year ago, with no BS and no shills.
1: read and subscribe to my substack! I provide educational content the way I wish I was taught a year ago, with no BS and no shills.
2: Read my thread on How to Get Started.
3: Understand how to find Alpha
4: Learn to whale watch:
5: check out my Research Hub discord when it launches later this month. I’ll be building a community to share actionable alpha, wallets and catalysts (and memes).
6: check out my course when it drops in a few months.I’m developing an in depth course with case studies and examples on how to start improving your crypto results immediately, including how to find, research, time and exit tokens, alpha sources, security, how to read contracts.
Please like, retweet and comment if learning about my crypto journey is helping yours!
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