1/ Here are the most common crypto investors I’ve observed over the past years.
A) “Get rich quick”
- Basically looking for a lottery ticket
- Makes very small investment because of low conviction
- Often shaken out in dips or suffers a 90-99% loss in a coin that never recovers
A) “Get rich quick”
- Basically looking for a lottery ticket
- Makes very small investment because of low conviction
- Often shaken out in dips or suffers a 90-99% loss in a coin that never recovers
2/ Onto the next type:
B) “The Nocoiner”
- Judges the entire space based off the worst players
- Doesn’t take the deep dive to realize the transformative implications specific crypto protocols will have on finance
- Often becomes very bitter every 3-4 years
B) “The Nocoiner”
- Judges the entire space based off the worst players
- Doesn’t take the deep dive to realize the transformative implications specific crypto protocols will have on finance
- Often becomes very bitter every 3-4 years
3) The last crypto investor:
C) “The Fundamental Investor”
- Looks beyond the hype
- Gets hands dirty testing projects
- Forms a thesis, then makes a material investment
- May suffer losses in the first cycle, but has conviction to become an early investor by the next cycle.
C) “The Fundamental Investor”
- Looks beyond the hype
- Gets hands dirty testing projects
- Forms a thesis, then makes a material investment
- May suffer losses in the first cycle, but has conviction to become an early investor by the next cycle.
4) Most independent thinkers eventually become the Fundamental Investor after their first cycle in crypto.
Very few move backwards.
Very few move backwards.
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