At $7 I bought my first $SOL and have been a MEGA bull since
Here is how I picked it and how you can find the next one👇
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To explain my approach, I'm going to share my top __ fundamental characteristics I look for to have serious conviction:
1. Team FIRST, industry second
-A world class team will become the best in whatever industry they desire
An average team will fail even in the best industry
2. Total and utter mindshare
-The project should attract controversy, hate, love, and divide communities over it's success
Find me a hated coin, and I'll find you a top performing $Crypto asset
3. Wierdo super genius founders
-EVERY single wierdo genius in Crypto builds the biggest and best performing projects in the space.
There's something special about a man who is so nuts, and so smart, they'll stop at nothing to build into one of the biggest forces in $Crypto
4. Community
-I want to see a literal CULT. I want fanatics. Ride or die motherfuckers.
Look at $SOL for example. Everyone involved is VERY supportive and participate immensely in the ecosystem.
Look at $HEX. It's quite literally a low IQ cesspool cult of morons (rich ones)
5. World class in one aspect
The team should generally be the world's best in what they do:
$SOL: World class high TPS blockchain tech
$BNB: World class trading engine tech
$FTT: World class traders/product designers
$HEX: World class cult leader
7. Listen to those in the know
I am lucky to have a few close friends who have worked in the tech industry for 20+ years, who can apply their insights from working in companies during the dot com bubble to current day $Crypto projects
8. Forced HODL = more pumps
As a general rule, you want to invest in projects with the majority of their coins locked up. Eg:
- Majority of $SOL is staked
- Almost all $HEX is staked for several years
9. Activeness of hackathons/builders
- You want to see a thriving community of hard working devs/engineers/coders/marketers/builders in general
- You want to see their hackathon competitions get bigger and bigger as time goes on (more builders enter the ecosystem)
And that's it!
I will be releasing a totally free, comprehensive guide that goes into MUCH more detail then this thread
It'll be exclusive for my free telegram community, so get inside here: t.me/danstradingroom
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- Read up on the different projects
- Understand their value proposition and how this value accrual is connected to their token
- Read up on the team/investors/roadmap