Alright, so the lovely #CardanoCommunity has been brigading me for about 24 hours now, and I invited @Beastlyorion to chat about how much he's making from his stake pools.
Also, invest wherever you want, I'm relatively bullish on Cardano defi. I really didn't talk about the asset itself, just this staking-influencer conflict of interest.
Here's the universal framework I use to keep my head and make money through nasty downturns. 👇
(thread)
My strategy for investing in altcoins is holding them, not trading them.
Everyone constantly posts their short-term technical analysis, flips, and trades. This is difficult to perform reliably/over time.
A better strategy: hold high conviction alts.
Don't sell them.
Your goal is to use crypto like a venture capitalist. Explore a basket of many smaller market cap projects (on average, they perform better than blue chips).
Let them go to zero or 100x.
Only a few in your portfolio have to succeed for you to outperform.