pastry Profile picture
29 Sep, 19 tweets, 6 min read
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
News

Stay up to date with news.

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

AMM’s (Uni, Sushi), Yield farming (YFI, COMP), & flashloans (Aave) all presented extremely profitable investments opportunities
Determination

Making money here isn’t easy.

In crypto, you either make money or end up learning a lesson.

Don’t let a few bad trades bring down your confidence & instead reflect upon these decisions and apply what you’ve learned in the future
Patience

Having a long term outlook in this space is key.

Alpha doesn’t always come around a lot, but when it does it rewards heavily.

Missing out on an opportunity is better than pulling the trigger & being wrong.

Remember, all it takes is one trade.
Learn to code

Not only will it be useful in a variety of fields outside of crypto, but it will also place you years ahead of your competitors.

Additionally, demand for developers has gone exponential, & established solidity devs/auditors are making upwards of $200k/yr
Github

This ecosystem is a lot smaller than you think. Well known devs usually do freelance work for other startups that may not be too well known.

Learning your way around Github & following the contributions of these devs will get you in on quality projects first
Go out on your own

Alpha is rarely given out for free.

If you truly want it bad enough, you have go out & do what the person beside you isn’t willing to do.

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More from @PastryEth

12 Sep
Arbitrum One is seeing incredible growth since its launch, recently skyrocketing its way to the #2 spot in TVL for #Ethereum bridges.

Want to get started in the fastest growing Layer 2 on $ETH?

Here’s how:
Step 1. Download web3 wallet

Just like Ethereum, Arbitrum is a network meaning you will have to configure your web 3 wallet in order to connect to dapps

You can do this with wallets such as Metamask, and you’ll need to be holding eth
Step 2. Add the Arbitrum One network

>Click on the Metamask extension
>Click “Ethereum Mainnet” network
>Click Custom RPC and enter the following:
Read 8 tweets
11 Sep
#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
Read 25 tweets
7 Sep
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
Read 21 tweets
4 Sep
Your gas fees are high, but do you know why?

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.
Read 13 tweets
25 Aug
The single strongest deterring factor of the crypto industry is the lack of education on the subject…

Let’s change that.

Here are 24 things I wish I knew before starting crypto..🧁
1. Crypto is unforgiving

Crypto will wipe you out more often than it can make you rich.

In this space, thousands of people lose their hard-earned money due to human error, scams, or exploits.

Being your own custodian comes w great responsibility
2. Traders don’t usually win

Ppl jump into this market thinking they need to be first to every speculative bubble, every meme hype train, or every large NFT drop

This strategy more often than not leaves you rekt. The majority of ppl are better off holding $BTC or $ETH long term
Read 25 tweets
22 Aug
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
Read 15 tweets

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