1/ This is the first in a series of articles on gem hunting. I'll start with the easiest way, launchpads (LPAs).
Some say that LPA #cryptos aren't gems because of presellers price dumping, but I got a lot of good #PlayToEarn and #Metaverse gems for LPAs. They're 💎 imo.
2/ You need to be aware of vesting schedules, so you can plan for dips when presale holders dump. This info is on the LPAs telegram.
If you don't know what a LPA is, it's a service that promotes and launches cryptos. Holders of the LPA crypto get presale prices.
3/ You can find gems by visiting a LPAs website and looking for projects that are launching. You won't be able to get in presale if you don't hold the LPA, but nothing is stopping you from getting in after public release.
4/ Even if you do not get in at presale prices, the upside potential on many of these projects is huge. I would not buy on public release day as they usually dip after launch volatility, and you can buy in cheaper.
5/ Like any project you still need to do your research and make sure the launching project is a good one. In order to find launching projects you go to the launchpads site. Here are a few
6/ Just make sure you actually research the projects before jumping in. Just because its launching through a LPA it doesn't make it good. Do your research to decide if the project is worth investing in. Don't forget to add vesting dates to your calendar.
7/ This is the easiest ways to find gems before they release. It's gem finding for lazy people. I will share more techniques in future threads.
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2/ This chart shows $MVI, which is the Metaverse index, an index of several MV cryptos overlaid on a $BTC chart.
Since the end of September MV has decoupled from BTC. This was due to Zuckerberg changing FBs name to Meta. News based decoupling is common and not noteworthy.
3/ From the 10th of November, things have become strange. We are seeing a true decoupling. Last week I thought it was momentary and things would reset. One week later the gap is only getting bigger.
1/ When I first looked at $LYXE I wasn't blown away. Big mistake, this #metaverse and #NFT crypto is an absolute gem. Now I have my second chance and I won't waste it.
I've shared my LYXE entries already, I've gone bigger at 17. This one is a 3-6 month hold.
2/ Lukso is a #blockchain for #NFTs using ETH 2.0 proof of stake. At least it will be when the mainnet comes out. It is dipping right now because the mainnet was delayed. Delays are good, it means they aren't rushing out something that doesn't work to keep people happy.
3/ It also means that paperhands have gifted me prices I thought I would never see again, thanks 😘
Why is Lukso so good?
First, it gives you an identity in the metaverse that you can take from MV to MV, even on different blockchains. Some other cryptos do this.
1/ $BTC is dipping. I see a lot of degens are trying to pick a bottom and go all in. That's not how you buy the dip. Everyone tells people to #buythedip, but nobody explains how. This is how I buy dips on #bitcoin and all my #alts.
2/ I always keep a healthy dip fund so that I can buy major dips like this one. Imagine my dip fund is 50k and I want to buy 5 cryptos in this dip, I dedicate 10k to each. You could dedicate more to one or less to the other. I am just keeping numbers easy.
3/ If I want 10k worth of BTC, but when do I buy? I scale in at support or on breaks of support. When a major support breaks and price settles, I scale in. I might not buy every support if bearish momentum is strong, this is just a rough outline.
- Winklevoss twins
- Chad Hurley (YouTube)
- Manuel Bronstein (Roblox)
- Mark Pincus (Zynga)
When billionaires invest in a #gamefi project. It's got my attention. #P2E
2/ It's not just their investors. They've developed revolutionary tech that allows you to embed AAA level games anywhere, like in this tweet, and you could play it instantly. No app, no download, no data intensive streaming like Googles failed Stadie. This is something new.
3/ The big issue with many P2E games is that they look like they were programmed by a 14-year-old kid in 2010. Artie is different. They've been building for three years, their team comes from Riot Games, Activision, Infinity Ward, Zynga, Disney n more.
Games have had full-fledged gaming coin economies since before Satoshi dreamed up #Bitcoin.
Look at Runescape, the economy is arguably more complex than that of any #GameFi economy to date. It's had several periods of inflation and deflation over Runescape's 20 year lifespan. Chart below tracks from 2008. Source: runescape.wiki/w/RuneScape:Gr…
Games like CSGO have an economy built around loot boxes and skins. Secondary marketplaces exist, third-party gambling sites, charting and price tracking. Even this market has peaks and troughs, 2021 saw a huge pump precipitated by a reduction in supply, followed by a dump.
1/ This is a rough break-down of how I played $NAKA. I did some stuff right, some stuff wrong. Some got me hate, some got me love. I was just being honest throughout. No shade on $NAKA, I think they are decent long term.
2/ The first phase was the entry and rally. This was easy money. Pic below is from memory, it gives you a rough outline of how I played it. Example starting investment $5k. By the time the dip started I put 5k in and had 12.5k out. Maths done in my head, it might be off.
3/ This part I did not do as well. I bought the dip at 3.1, which did nothing for me. I sold all at 2.9 because the Evergrande FUD had me convinced the market would dump and I could buy back cheaper. Two days later I warned everyone about token unlock dumps incoming.