Alpha is hard to come by, especially in a space filled with unlimited amounts of info contrived behind economic bias
Yet, the blockchain still offers tons of strategies to put yourself above the rest
You CAN afford to be a genius.
Here’s how a pastry finds breadcrumbs… 🧁
Etherscan
The beauty of blockchain technology is its transparency.
Anything & everything that occurs is published on-chain, readily at the hands of the public.
Learning your way around Etherscan will place you first among those looking for new opportunities
Analytical tools (GlassNode, Nansen)
The data doesn’t lie.
Paid tools like GlassNode & Nansen are well worth the money and provide you with a variety of metrics you can use to develop your own thesis for your investments
Podcasts (Real Vision, Bankless HQ)
This section is still extremely underrated.
There are a select few groups dedicated to sharing their expertise on crypto on a daily basis who’s podcasts are filled with meaningful & intelligent discussion
Discord groups
Twitter is for gossip, Telegram is for moonboy talk, but Discord is where the real chatter takes place.
Find a group of like minded individuals who are determined to make money, & collectively you can share your knowledge & successes together
Wallet tracking
In other words, follow the money. Find big players that actively trade on DEX’s and track their wallets on Nansen or Zerion.
Odds are that if someone with a substantial amount of money puts a large amount into a project, they know something that you don’t know.
Education
You will have a difficult time finding alpha in this space if you aren’t willing to inform yourself about it.
In any financial market (especially crypto), those with particular expertise in the area outperform average traders 99 times out of 100.
Narrative flips
A large amount of the crypto markets movements can be attributed to hype or narratives
These narratives change quickly, but being first to spot them is extremely profitable
We saw it w yield farming, we saw it w dog coins, we saw it w L1’s, & we will see it w X
A single headline can be the difference of -50% or +50% in one day.
Additionally, you will be the first to spot partnerships or potentially bearish news which you can then act on accordingly.
Get involved
We’re still so early in this space that dedicating even a portion of your time to it will be profitable.
The people who got the 2 largest airdrops in history (Uni, Dydx) didn’t get it because they were aware they’d receive an airdrop, but because they were involved
Funding rounds
Stay up to date with funding rounds from established (emphasis on “established”) VC’s like Alameda Research & CB ventures.
These big players know what they’re doing and invest in the top of the top quality projects
Bear markets
While these market conditions are dreadful for the majority of traders, bear markets are where the real money is made.
Depending on its length, bear markets present opportunities to buy extremely undervalued blue chips projects at a discount
Biz
This place isn’t for everyone, but i’ve included it because it has been of paramount importance during my time in crypto.
Among the midst of shitposts, there are a few extremely intelligent anons that will drop the occasional alpha
New primitives
Innovation here is rampant. We are barely tapping into the uses of this tech & there are new frontiers discovered every day
#Bitcoin & the crypto market have been through a lot in the past, both good & bad.
For this reason, I’ve compiled a list of its most iconic moments, in what I’d like to call the crypto nostalgia thread.
Here are crypto’s most memorable moments..
1. Bitcoin Whitepaper
It’s the moment that started it all
On the 31st of October, 2008, an anonymous user under the pseudonym Satoshi Nakamoto published a link to the $BTC Whitepaper titled “Bitcoin: A Peer-to-Preer electronic cash system” on the cryptography mailing list forum
2. Genesis block
On Jan 3rd, 2009, the $BTC network was created when Satoshi mined the genesis block
Embedded in this block was the text “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”, which references a headline posted by The Times
In the fast paced crypto market where hundreds of tokens are launched every day, it can be hard to single out which ones present the best investment opportunities..
For this reason, I’ve compiled a list of the top 20 blue chips I believe are best suited for success in the future
1. Bitcoin
#Bitcoin has proven itself as one of the best investments for risk averse investors looking to get started in crypto.
Its outperformed every asset class in existence, has developed powerful network effects, & is growing even faster than the internet’s adoption rate
2. Ethereum
#Ethereum is one of the best growth assets to invest in, & it has the numbers to prove it.
By far, #Ethereum leads in protocol devs, # of active dApps, protocol revenue, & is expected to undergo a major upgrade known as “ETH 2.0” within the next couple years
Since Arbitrum One went live this week, I found it’d be suiting to explain the importance of layer 2 scaling solutions like Arbitrum, and what exactly the issue is that they are trying to resolve
Ever since their inception, blockchain based technologies have been faced with a difficult problem known as the ‘Scalability Trilemma’.
The Scalability Trilemma states that trade offs are inevitable between three important properties: Decentralization, Security, & Scalability.
In a blockchain framework, you can only have 2 of the above properties, but not all three.
To get an easier grasp of this concept, let’s take a look at #Bitcoin.
The #Bitcoin protocol chose to stay true to security & decentralization, while sacrificing scalability in return.
Top projects with the best fundamentals and lowest recognition..
1. KP3R Network
KP3R can be described as a network for automating smart contacts on $ETH.
Users submit “jobs” (liquidations, harvesting, batch executions) to the KP3R network, where a Keeper can then perform the task & get rewarded in the form of KP3R tokens.
2. Unlock Protocol
$UDT is an open source protocol designed to help creators monetize their content without a middleman
Creators deploy “locks” in the form of NFT’s with specific parameters allowing for tickets, customizable memberships & even paywalls for online content