1/ My definition of a GREAT "Deep Dive" in a Thread:
My biggest lesson from years of investing in stocks was realizing what it actually means to understand a business to avoid cognitive bias.
Now starting on NFTs, I try to define my framework by applying similar concepts. #NFT
My biggest lesson from years of investing in stocks was realizing what it actually means to understand a business to avoid cognitive bias.
Now starting on NFTs, I try to define my framework by applying similar concepts. #NFT
2/ A great "deep-dive" needs to give insights:
ᐅ The roadmap includes value-creation long term?
ᐅ Operators have capabilities to deliver?
ᐅ The community has a "builders" mentality?
and mostly,
ᐅ The community/customers interest will remain stable/increase in the long term?
ᐅ The roadmap includes value-creation long term?
ᐅ Operators have capabilities to deliver?
ᐅ The community has a "builders" mentality?
and mostly,
ᐅ The community/customers interest will remain stable/increase in the long term?
3/ Starting mistakes
I was wasting time trying to surf every wave only using "hype" as a research tool, this has a lot of issues:
ᐅ Only gives you short term conviction
ᐅ Can be very easily faked (invites, levels schemes)
ᐅ Leave you bag holding things you don't believe in
I was wasting time trying to surf every wave only using "hype" as a research tool, this has a lot of issues:
ᐅ Only gives you short term conviction
ᐅ Can be very easily faked (invites, levels schemes)
ᐅ Leave you bag holding things you don't believe in
4/ Hype trend and Greater-fool theory
This results in a "greater-fool game", buying projects that you don't believe in and expecting - hoping - to find someone, a greater fool, to buy at a higher price from you.
This results in a "greater-fool game", buying projects that you don't believe in and expecting - hoping - to find someone, a greater fool, to buy at a higher price from you.
https://twitter.com/SOLBigBrain/status/1480385382734778372?s=20
5/ The main purpose of a deep dive is to construct the thesis
It is about being able to forecast risk-reward cases to help you make better capital allocation decisions.
Understand how everything fits together and what will possibly go wrong / right in the future.
It is about being able to forecast risk-reward cases to help you make better capital allocation decisions.
Understand how everything fits together and what will possibly go wrong / right in the future.
6/ To assess whether the attention of a community will remain stable/increase
I spend time understanding:
ᐅ If roadmap includes daily/weekly value-added to the holders
ᐅ If the community invested a lot to be part of the project (time, creativity)
I spend time understanding:
ᐅ If roadmap includes daily/weekly value-added to the holders
ᐅ If the community invested a lot to be part of the project (time, creativity)
7/ Operators have capabilities to deliver
A strong plus wen teams are doxed is the ability to verify their background and what they previously produced to induce their ability to deliver what they talk about. (@DroniesNFT, @MiniNations, @TheSuitesNFT, e.g.)
A strong plus wen teams are doxed is the ability to verify their background and what they previously produced to induce their ability to deliver what they talk about. (@DroniesNFT, @MiniNations, @TheSuitesNFT, e.g.)
7/ We can also induce some conclusions, wen teams, to let us test prototypes of the projects before the launch ( @MiniNations, @TheSuitesNFT, @catch_king, e.g.)
8/ Operators optionality
$AMZN for example could not be what it is today if it just sold books
Check the video below where you can hear:
"Skeptics say that Amazon should sell every book on earth today to justify its valuation"
Bezos had more ambitions!
$AMZN for example could not be what it is today if it just sold books
Check the video below where you can hear:
"Skeptics say that Amazon should sell every book on earth today to justify its valuation"
Bezos had more ambitions!
8.1/
Optionality is one of the most important things to look out for in potential investments, increase upside, and reduce the downside.
"Are you able to find the operators + project where optionality allows for prolonged growth?"
Difficult answer but those are the true winners
Optionality is one of the most important things to look out for in potential investments, increase upside, and reduce the downside.
"Are you able to find the operators + project where optionality allows for prolonged growth?"
Difficult answer but those are the true winners
9/ The community has a "builders" mentality?
If you see a community spreading good vibes and trying always to look for solutions to move forward, that's great.
That's the sign of a community that is top tier and people will spend time in, even when prices are down
If you see a community spreading good vibes and trying always to look for solutions to move forward, that's great.
That's the sign of a community that is top tier and people will spend time in, even when prices are down
9.1/ Examples of community value creation
ᐅ Twitter spaces
ᐅ Getting top tier Collab's
ᐅ Roadmap collaboration
ᐅ Newsletter
ᐅ Gaming nights
ᐅ Deep level research about other projects
ᐅ Twitter spaces
ᐅ Getting top tier Collab's
ᐅ Roadmap collaboration
ᐅ Newsletter
ᐅ Gaming nights
ᐅ Deep level research about other projects
https://twitter.com/SolanaLegend/status/1479511679121739782?s=20
9.2/ How much effort community put in to be a part of the project
Recognize the value of projects that have no invites/levels schemes, and only try to reward members who really contribute
I can make a whole thread in the future about this but what Dronies did in the last 5 weeks
Recognize the value of projects that have no invites/levels schemes, and only try to reward members who really contribute
I can make a whole thread in the future about this but what Dronies did in the last 5 weeks
10/ Connecting all the dots
All the previously mentioned points are interconnected and allow us to see if people's interest will remain stable/increase in the long term and this goes over all macro scenarios in short term.
All the previously mentioned points are interconnected and allow us to see if people's interest will remain stable/increase in the long term and this goes over all macro scenarios in short term.
https://twitter.com/ogagamedia/status/1486091063936765954?s=20
11/
If you're still with me, thank you very much!
GREAT "Deep Dive" can drive investment returns in a big way.
I hope this thread gave you a basic framework to think about whether a project is deserving your capital allocation.
Please stay safe. Enjoy your day!
If you're still with me, thank you very much!
GREAT "Deep Dive" can drive investment returns in a big way.
I hope this thread gave you a basic framework to think about whether a project is deserving your capital allocation.
Please stay safe. Enjoy your day!
12/ Honorable mentions that inspire me and this thread
I am grateful for having @thejpeglord and @PeterHollens insights.
And love to follow @SolanaLegend, @SOLBigBrain, and @DigitalRoamad.
They help a lot in defining my framework!
#Solana #SolanaNFTs
I am grateful for having @thejpeglord and @PeterHollens insights.
And love to follow @SolanaLegend, @SOLBigBrain, and @DigitalRoamad.
They help a lot in defining my framework!
#Solana #SolanaNFTs
@thejpeglord @PeterHollens @SolanaLegend @SOLBigBrain @DigitalRoamad @threadreaderapp
https://twitter.com/cobie/status/1475690061635194884?s=21
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