Thread by @DefiIntro

1. It’s been hell of a year, mainly thanks to #fantom and #isvikingers fam!

Been in the space since 2015, but it was never this intense so i wanted to share my experiences.

2. Mathematics and algorithm matter.

When you first encounter a new project, always try to look to the documentation, make sure you understand why that project/token is undervalued based on calculations.

It’s not easy to do, but try to generate a general formula for it.

3. Compare those projects to competitors, try to realize how much potential market it has.

Traditional finance’s valuation approach doesn’t always work here in crypto space, but basic models such as supply/demand will always work.

Try to evaluate potential demand.

4. Next most important thing is community.

Try to be active in discord, telegram and/or governance.

When i see a project, first thing i do is to go to discord or telegram.

If people are talking about just the price movement, it’s generally bad sign. They’ll probably dump.

5. But if they are talking about the future of the project, or giving criticism about how to improve certain things, or trying to help other people, that project will probably going to some places.

Luckily, fantom and popsicle communties were one of a kind.

6. I would be nowhere near where i am if people i know from those communities showed me some path.

And i always tried to give back, with trying to share my knowledge with very basic language so anyone can understand from it.

As a sidenote, thanks to all 5k of you!

7. Next thing is, you are a member of that community/team if you hold the token.

Try to understand why you trust some of the protocols more than the others.

Try to be a member like one of that protocol’s members.

You don’t need to be a developer to help, memes drive crypto.

8. Never trust youtube shillers, or “<insert token here> is gonna moon” sayers, if there is nothing to back up besides some “TA”.

Those people are generally the ones who are dumping their tokens on you.

Especially, never trust videos with clickbaits.

9. Don’t forget that if there is a winner, somebody has to lose.

If crypto markets grow, it may feel like we’re all gonna make it, but even in that scenario non-crypto holders are losing.

You are playing a zero-sum (if not negative) game if you are not a developer.

10. Even with the most trusted teams, with a great community, exploit/hack may happen. Even if you want to all in, do not forget that you can lose all of your money to a hacker.

And no, generally you won’t get that money back.

11. It’s generally better to take lower risks if you have more money, and higher risks if you have less.

In tradfi, going even 2x is huge deal, but what will change if your 500$ becomes 1000$?

But if you started with 100k, 100k more’ll make your life easy for at least 2 years

12. Try to hide your earnings from family/friends as much as you can.

It will be less stressing for you, and you won’t have to answer too many unnecessary questions.

But you can always try to educate the people around you. It’s always better than saying “buy this”

13. Make sure you make friends along the way. Some of the people i know from crypto are incredible and i’m generally talking to them more than many people i know in real life.

Even if you lose money, you can still be happy for it and meme about it.

14. And last but not least, if you don’t have that much capital, don’t forget that there are too many jobs in the space. Try to be active in communities and you’ll probably find one that fits you.

You can be even paid for making a meme.

15. Thanks to everyone for being here, it’s been one of the best years of my life if not the best.

Hope we’re all going to make it!