MAKE IT BACK, ANON.
If you're down bad, so are most people in the space.
What matters now is your plan to take advantage of the opportunity that this bear market presents.
Here are four strategies I would employ if I was trying to make it in the next cycle:
If you're down bad, so are most people in the space.
What matters now is your plan to take advantage of the opportunity that this bear market presents.
Here are four strategies I would employ if I was trying to make it in the next cycle:
First, let me give you the bad and good news:
• If you're down bad and stick to the same strategy that got you here, you will not make it.
• If you figure out a strategy to gain a consistent, systematic edge in crypto, you will make it.
• If you're down bad and stick to the same strategy that got you here, you will not make it.
• If you figure out a strategy to gain a consistent, systematic edge in crypto, you will make it.
Secondly, you will not find an edge in this space without hard work. It just won't happen.
Work for the edge. Stick to it. There's no such thing as a free lunch.
Work for the edge. Stick to it. There's no such thing as a free lunch.
STRATEGY 1: THE AIRDROP FARMER
As we've seen with Hop and Optimism airdrops, protocols have plenty of motivation to launch tokens despite gnarly market conditions.
@InfoTokenDAO founder @gabagooldoteth was able to get a $45k drop with a single wallet.
@InfoTokenDAO founder @gabagooldoteth was able to get a $45k drop with a single wallet.
You don't need to sybil attack(use a bunch of different wallets) or have a ton of money to earn airdrop allocations.
I think it's likely some projects will introduce novel airdrop mechanisms to favor smaller market participants.
I think it's likely some projects will introduce novel airdrop mechanisms to favor smaller market participants.
Or earn your share of free tokens by helping find sybil attackers!
Hop Protocol rewarded on-chain detectives for finding wallets that attacked the airdrop, other protocols are likely to introduce similar measures.
Hop Protocol rewarded on-chain detectives for finding wallets that attacked the airdrop, other protocols are likely to introduce similar measures.
I legitimately believe that if you were pretty smart, motivated, and treated airdrop farming as a real job or serious hobby you could earn a full-time income by trying to qualify for airdrops.
Start with @OlimpioCrypto for the best airdrop alpha.
Start with @OlimpioCrypto for the best airdrop alpha.
STRATEGY 2: THE COPY TRADER
If you look at the net PNL of trading platform GMX, it's been down only since launch.
What does that mean? The casino always wins: the average trader ends up losing money.
PNL data for other exchanges tells a similar story: there are a few winners and a lot of losers.
What does that mean? The casino always wins: the average trader ends up losing money.
PNL data for other exchanges tells a similar story: there are a few winners and a lot of losers.
If you can't beat them, become them. Part of what makes crypto unique is the fact that you can watch every move the pros make.
Find wallets that make successful trades/plays and copy trade their moves.
Services like Nansen, DeBank, Dextools, and Etherscan can help you out.
Find wallets that make successful trades/plays and copy trade their moves.
Services like Nansen, DeBank, Dextools, and Etherscan can help you out.
A good example of this is when an analyst from Divergence Ventures made a bunch of wallets (on behalf of the fund) to qualify for the Ribbon airdrop and funneled profits back to their wallet.
Find a wallet like that and you're set, my friend.
Info here: juliankoh.medium.com
Find a wallet like that and you're set, my friend.
Info here: juliankoh.medium.com
STRATEGY 3: THE BLUECHIP MASTER
Consolidation is coming to crypto.
Any protocol that dies will cede market share to those who stick around, we WILL see FAANG equivalents in DeFi.
If you look at the top DeFi projects; blue-chips like LIDO, AAVE, CRV, and COMP are close to all-time lows.
Any protocol that dies will cede market share to those who stick around, we WILL see FAANG equivalents in DeFi.
If you look at the top DeFi projects; blue-chips like LIDO, AAVE, CRV, and COMP are close to all-time lows.
Some well-known VCs believe that core DeFi protocols could someday achieve cumulative market cap of $10 trillion.
Compare that to a current market cap of just $35b and the upside is easy to see.
If DeFi hits even $1t, an index-approach for DeFi might yield a 35x.
Compare that to a current market cap of just $35b and the upside is easy to see.
If DeFi hits even $1t, an index-approach for DeFi might yield a 35x.
If a well-diversified portfolio might make life-changing money, think of what a concentrated portfolio of conviction bets could do.
Make a list of 5-20 verticals, weight them based on market cap dominance, and deploy small amounts of capital into each sector based on conviction.
Make a list of 5-20 verticals, weight them based on market cap dominance, and deploy small amounts of capital into each sector based on conviction.
A risky strategy for sure, but things are on sale right now.
If you can be patient, create a strong plan, and have a strong thesis, this strategy is like betting on Nvidia, Amazon, Apple, and Microsoft in 1999.
Funds like @PangeaFundMgmt take this approach.
If you can be patient, create a strong plan, and have a strong thesis, this strategy is like betting on Nvidia, Amazon, Apple, and Microsoft in 1999.
Funds like @PangeaFundMgmt take this approach.
STRATEGY 4: THE AMATEUR VC
Public token markets are trading at a discount to VC rounds right now and it's the perfect time for a retail investor to deploy small amounts of capital across a wide variety of moonshots.
Well-respected angel Fiskantes has talked about the idea:
Well-respected angel Fiskantes has talked about the idea:
Look for ignored and up-and-coming categories and become an expert:
• GameFi
• Real-world asset protocols
• Middleware and infrastructure
• Insurance
The best alpha is where crypto twitter isn't. What narratives will drive adoption and cash flows next cycle?
• GameFi
• Real-world asset protocols
• Middleware and infrastructure
• Insurance
The best alpha is where crypto twitter isn't. What narratives will drive adoption and cash flows next cycle?
Some tips here:
• Do your MFing research! Talk to founders and team, if you can't get in touch the project isn't small enough
• Don't invest in FDV bombs/farm tokens: you don't want to get diluted
• Make sure the project has enough treasury runway to survive a bear market
• Do your MFing research! Talk to founders and team, if you can't get in touch the project isn't small enough
• Don't invest in FDV bombs/farm tokens: you don't want to get diluted
• Make sure the project has enough treasury runway to survive a bear market
Try to find private/seed round prices: there are plenty of protocols with tokens that are now trading at prices below their last round of fundraising.
Now's the time to beat VCs at their own game.
Now's the time to beat VCs at their own game.
These aren't the only ways to make money, but they are all strategies that favor those willing to put in the work.
What you did to get here doesn't matter; what matters is how you'll get back up.
Godspeed anon.
What you did to get here doesn't matter; what matters is how you'll get back up.
Godspeed anon.
Learn something from the thread? You can help me out by:
1. Giving me a follow: @JackNiewold
2. Giving the thread a RT, first tweet is linked below.
1. Giving me a follow: @JackNiewold
2. Giving the thread a RT, first tweet is linked below.
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