Melbourne DAO Profile picture
Feb 24 β€’ 20 tweets β€’ 10 min read
A guide to surviving and making money in this bear market.

Note: the thread is not about hopium or soft advice. I'm just not good at these. I share what I did since Jan (worked pretty well) and what I will do.

18/18 Thread πŸ‘‡πŸ‘‡πŸ‘‡
1/ Bad news
We are in bear, admit it, and we are likely gonna be here for a while. Looking at the charts, news, and sentiments, none gives us the confidence that we are going to break out higher soon. There might be some breaking good news, but that probability is low.
2/ Good news
The two major drivers at this stage are the rate hike and the war.
So, what happened in history with these two events?
Check out the charts: they did suck, but they were temporary, the market ALWAYS recovered, and the impact, on average, was neutral.
3/ Why non-crypto data?
They are all correlated. In particular, if one thing is breaking #NASDAQ, that thing will break crypto too.
The same correlation applies to alts and small caps. If the overall market is not looking good, your favorite projects could go even worse.
4/ How to survive?
You should always have a balanced portfolio, never all cryptos, never all stables. Right now, > 80% stables did me well. This gives me enough bullets to seize the opportunities.
Remember, there are more opportunities to make generational wealth in bears.
5/ What about hodling?
I believe crypto has a bright future, so imo this is OK, and you better hodling the solid projects. If you prefer this way, delete all your crypto apps, and turn off Twitters/Discord notifications.
You gotta be patient and cut your itchy fingers too.
6/ I don’t hodl
I’m less patient and I trade both ways.
Another reason: I used to be in a whale TG. I saw how they leveraged this β€œhodl” mindset in us, probably for years, dumping on us, shorting against us, faking vibes and patterns to fool us, etc.
So to me, hodling is risky.
7/ Prediction?
- The general trend is down, unless we have some super bullish news OR everything is absorbed, we are heading down.
- There will be short-term pumps and green candle days, this is for sure.
- Longer-term, crypto go high
8/ How to survive and make money then?
Based on the predictions, below are the strategies I’ve been using since the start of the year.
Not going to mention again how to survive (basically you just need to have stables or hodl the right ones)

Strategies from low risk to high:
9/ Yield farming with stables
Send your cash to work, similar to depositing money into banks. The difference is you earn >10% easily.

Low-risk protocols I recommend:
- @iearnfinance
- @beefyfinance
- @anchor_protocol
My favorite: @WhiteWhaleTerra (anchor + arb bots), so good!
10/ Learn from the best
Not sure what to do? CTs I highly recommend you follow:
- Best DeFi farmer and trader: @hufhaus9
- Best DeFi educators: @phtevenstrong @Route2FI
- Best TA coach: @CrashiusClay69
- Best NFT alpha: @OttoSuwenNFT
- Best student of above: @melbourne_dao :)
11/ Sell or short on small pumps
How to identify these fake pumps?
- They appear right after the drastic dumps, always.
- Much weaker volumes
- Pumping hard for no reason
- TA

The last one is great but hard to master, lucky the first 3 have been working well.

So how to short?
12/ Shorting with perpetual
Part of my funds is on CEXs.
You don’t need to hold the token before selling it. If you are experienced, leverage is fantastic. For new players, try to avoid it.

Platforms:
- @Bybit_Official
- @kucoincom
Find out more: learn.bybit.com/trading/what-a…
13.1/ Borrow non-stables by lending stables
If your funds are on MM, you can short on lending protocols. The trick is to sell high and buy low.
1. Deposit stables
2. Borrow non-stables
3. Sell them immediately for stables
4. Buyback when the price dropped
5. Repay the loan
13.2/ Borrow non-stables by lending stables
The risk is you may get liquidated if the non-stable you borrowed increases in value by too much.

I like to borrow farming tokens because they have higher selling pressure.

@AaveAave and @tranquil_fi are my go-to lending platforms.
14/ Borrow non-stables by lending non-stables
1. Deposit non-stables
2. Borrow the same non-stable
3. Sell them immediately for stables
4. Buy them back when the price dropped, and repay the loan

No liq. risk + balanced strategy

@AaveAave and @tranquil_fi are my go-tos.
15/ Advanced
- You can borrow non-stables and farm them to earn yields (don't recommend, too risky rn)
- Delta neutral: open two positions, long and short, and farm the tokens (too much effort)
- Trade options: @lyrafinance @dopex_io @DAOJonesOptions (IKIYK)
16/ Degens
- DCA: simple, but depending on the underlying asset. Imo, it is mostly driven by the belief that you think the price will go higher, but the belief could be blind.
- Blue-chip NFTs: in the past, it worked quite well, but this time seems not, I'll keep speculating.
17/ Buy the solid small caps when the market stabilizes
It's always the case. When the market stabilizes, the solid small caps fly, passive income protocols (PIP) fly even higher, and the new PIP launches explode.
My favorite risky play, fun, and rewarding.
18/ Disclaimer
This thread is more about how and what based on my exps, not when and where.
So when and where?
- 1st: learn to DYOR
- 2nd: follow the great minds, and get some inspirations:
@hufhaus9 @phtevenstrong @CrashiusClay69 @Route2FI @OttoSuwenNFT
- 3rd: stay tuned

β€’ β€’ β€’

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More from @melbourne_dao

Feb 23
A thread sharing the TOP 4 most innovative upcoming #NaaS projects.

4/4 Thread πŸ‘‡πŸ‘‡πŸ‘‡
0.1/4 Preface
Rugs and low-effort forks are everywhere these days, even KYC becomes not so useful in identifying the rugs.
Imo the whitepaper gives us another angle, i.e. more innovations = more effort spent = more legit.
0.2/4 Disclaimer
Only the new projects with a whitepaper, KYC, or a plan to KYC prior to launch, are included.
I won't talk about the standard features, such as:
- Nodes as NFTs
- Reward booster NFTs
- Controls on token supply
- Node tiers
- $UNIV features
- High APY
- DAO
Read 23 tweets
Jan 23
A comprehensive analysis on this market crash
- Why crash?
- Is it over?
- Wen recover?
- What to do?
1.1/ Why crash? - Macroeconomics
Negative news all coming together this time
- Fed taper
- Interest increase
- Inflation
- Poor company earnings
- Weak consumer and business sentiment
- Covid
1.2/ Why crash? - Charts
- $BTC dominance dropped below 40%. Believe it or not, every time it reached this low, market crashed
- Almost β€œonly up” for 2 yrs straight
- There's a downfall trend line $BTC didn’t break out
- Haven’t seen the 8/21 EMA cross
- Vol. has been declining
Read 18 tweets
Jan 23
A deep dive on $FTMP and when is the best time to enter? plus an alpha
πŸ‘‡πŸ‘‡πŸ‘‡
1/10 Intro
$FTMP is a printer protocol (or reflection token) that charges a higher tax from every trade. A big proportion is used to pay back the holders based on their % of the token in the total supply.

Details on how printer protocols work
2/10 Team
- Godspeed: You saw a project introducing new features every single day?
- Track of records: $aJwl + #NodeGame + $FMTP = $3M
- Vibe: Sharing surprises constantly, they know how to keep you on your toes
- Trust: Long term vision and transparency
Read 12 tweets
Jan 21
Summary and Comparisons of Printer Protocols
Why are they undervalued?

$ETHP $FTMP $ANYP $ICY
Threads πŸ‘‡πŸ‘‡πŸ‘‡ Image
1/9 What are they?
A printer protocol (or reflection token) charges a higher tax from every trade. A proportion of it is then paid back to the token holders based on their percent in the total supply.
2/9 How do they work?
Say the total tax is 20% with 12% holder reflection.
You put $1k:
- you get $800 worth of tokens in your bag
If total vol. is $100k a day:
- $12k ($100k * 12%) is sent to all holders daily
If 0.1% of the total supply are your tokens:
- you get $12 a day Image
Read 13 tweets
Jan 5
So much happened in DeFi 3.0 in 4 days, so updated the summary
- 4 projects added to the list
- Added a Differentiator column
- Updated $REFI tax
- Updated the Price/MC/Treasury
$MCC $REFI $CAT $AGFI $ECC $SCC $CCC $CCF $MVC $LGF $ACYC $ABC
And the cards of the 4 projects πŸ‘‡πŸ‘‡πŸ‘‡
1/4 $MVC @MulVerseCapital
- Largest DeFi 3.0 on BSC by MC
- Solid investment team (100% profit in a month)
- Big community 46K followers
- 99% LP lock
- Investment decision will be voted by the community
2/4 $LGF @Letsgofarming1
- Biggest growth in 24H
- Smallest MC rn
Read 5 tweets
Jan 3
A summary and comparison of DeFi 3.0 protocols, and why they are on fire πŸ”₯ rn
$MCC $REFI $CAT $AGFI $ECC $SCC $CCC $CCF Image
1/ What is DeFi 3.0?
The treasury invests in 100s of DeFi protocols for you, like an active management fund, and you receive the profit passively by simply holding the token, aka DaaS/FaaS.
Another feature is reflection, i.e. every txn ppl makes on the token, you earn a share
2/ How do they sustain?
Normally, the profit from treasury investment are used to buying back their tokens, some may have airdrops.
In addition, the reflection incentivizes ppl to hold in order to earn from each txn, while at the same time strengthening the treasury investment.
Read 17 tweets

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