I've been studying @blknoiz06 for the last week.
Here are the top things I've learned from him. π
A thread 𧡠π "imagine letting n***** outwork you"
Here are the top things I've learned from him. π
A thread 𧡠π "imagine letting n***** outwork you"
1. His background
He's a trader, researcher, analyst and shares his profound views on Substack and #Twitter @blknoiz06
Held #Altcoins when they crashed during the last cycle and wasn't all in crypto afterwards, until he realized how much money he was leaving on the table. π°
He's a trader, researcher, analyst and shares his profound views on Substack and #Twitter @blknoiz06
Held #Altcoins when they crashed during the last cycle and wasn't all in crypto afterwards, until he realized how much money he was leaving on the table. π°
He missed the #DeFi summer, because he wasn't paying attention in Bearπ». As he saw the 2017 cycle, he wanted to fully take advantage of the next bull runπ.
He nailed all the trades in 2021: @AxieInfinity, @solana, @avalancheavax, @harmonyprotocol, @terra_money
He nailed all the trades in 2021: @AxieInfinity, @solana, @avalancheavax, @harmonyprotocol, @terra_money
2. Before #Crypto, he was a software engineer, went to school for computer science and business.
Quit his job in June 2021 to go full time #Crypto and focus on his two young kids. π§πΎ
Quit his job in June 2021 to go full time #Crypto and focus on his two young kids. π§πΎ
3. He recommends being active on chain and experience each of the platforms & develop an intelligent π§ thesis on performance.
Stresses the importance of being open-minded with new things, it will enable you to catch trends.
Stresses the importance of being open-minded with new things, it will enable you to catch trends.
When you stay adaptable, it enables you to go against consensus trades and find alpha early π₯.
You should always keep a stack of #Bitcoin that you never touch and hold for the long term.
You should always keep a stack of #Bitcoin that you never touch and hold for the long term.
4. Trading should focus on outperforming #ETH, look at L1/#ETH chart and L1/#Alt Chart if trading within an ecosystem, considers #BTC dominance as metric for risk-on/ risk-off.
Whenever he's on a streak π―, he looks out for counterintuitive trades to manage risk.
Whenever he's on a streak π―, he looks out for counterintuitive trades to manage risk.
He keeps track of how euphoricπ/ bearish π he is and his general emotional state, by journaling daily. π
Stopped using leverage and generally sets up his trades/ rotations with time frame of weeks to months in mind.
Stopped using leverage and generally sets up his trades/ rotations with time frame of weeks to months in mind.
5. Advice he gives to retail in order to beat #VCs is to try out new things and be early, big players can't get in so early because of lack of liquidity.
The most important thing is to be on chain, paying attention and to do more research than other people.
The most important thing is to be on chain, paying attention and to do more research than other people.
6. #NFT's is his view are the best way to bootstrap a community, and you get most value out of gaming plays, by getting into them by exposing yourself before the market is convinced they'll be successful.
He recommends being liquid on different #chains, so you can easily access new plays once they come up
7. In terms of cycles and rotations, he thinks that #Crypto is on a trajectory of slower growth, with some areas outperforming.
Your ability to be on the forefront and adapt to new narratives before the herd 𦬠is the greatest edge.
Your ability to be on the forefront and adapt to new narratives before the herd 𦬠is the greatest edge.
The difficulty of traders lies in finding current mispricings and figuring out how to take advantage of those.
The endgame for him is a multichain worldπ, with application specific #blockchains.
The endgame for him is a multichain worldπ, with application specific #blockchains.
He thinks #SoLunAvax is going to keep outperforming ETH in terms of growth, because their developer and #DeFi ecosystems keep growing, may be competing with #L2s on #ETH.
For him betting on #L1 (Base Layer) is easier than betting on individual dApps and has more favorable R/R
For him betting on #L1 (Base Layer) is easier than betting on individual dApps and has more favorable R/R
Each L1 has their respective backersβ ex. @avalancheavax β‘οΈ @el33th4xor β @zhusu , @terra_money β‘οΈ @stablekwon β @novogratz
When bridging to L1 early, you should look for dApps in the ecosystem, that's how he found @DefiKingdoms on @harmonyprotocol
When bridging to L1 early, you should look for dApps in the ecosystem, that's how he found @DefiKingdoms on @harmonyprotocol
8. When looking at @solana, he found the link between @SBF_FTX and the project interesting, and the innovation with Proof of History consensus.
In his opinion, @SBF_FTX as an advisor benefits business development immensely.
In his opinion, @SBF_FTX as an advisor benefits business development immensely.
For him, @avalancheavax π»is the strongest #EVM chain by far, because of the strong dev team and their extensive track record in blockchain research.
The implementation of #Subnets with different VMs makes it stand out in comparison to others.
The implementation of #Subnets with different VMs makes it stand out in comparison to others.
@terra_money πon the other hand focuses on decentralized Stablecoin #UST and are developing strong dapps, that will connect to other #CosmosEcosystem chains via #IBC.
For him, it's the only play to bet on the growth of L1 and #Stablecoin simultaneously.
For him, it's the only play to bet on the growth of L1 and #Stablecoin simultaneously.
@cosmos is one of the most understood projects from his perspective. #IBC allows blockchains to communicate with another, and @cosmos was designed with the idea of modularity and decentralization in mind.
9. He thinks @NEARProtocol is interesting because of their sharding approach and @auroraisnear, which is EVM compatible.
He believes that it will be hard for #FOAN to take away significant market share of #SoLunAvax, because external factors of markets limit #FOAN growth π±.
He believes that it will be hard for #FOAN to take away significant market share of #SoLunAvax, because external factors of markets limit #FOAN growth π±.
10. His take on modular #blockchains and #ETH 2.0 is that modularity is needed to scale to the next billion users.
Creating #chains for different layers: execution, data availability & consensus, and settlement makes perfect sense for him.
Creating #chains for different layers: execution, data availability & consensus, and settlement makes perfect sense for him.
Hi favorite project in the modular Blockchain space is @CelestiaOrg, that are purely focused on data availability.
In his mind, optimistic and zK roll ups will scale @ethereum, allowing retail to participate again.
In his mind, optimistic and zK roll ups will scale @ethereum, allowing retail to participate again.
11. In terms of #gamification of Assets and #P2E, the challenge he sees lies in the sustainability of #P2E economies.
For him, #GameFi projects, that attract players who love the game, will have superior Tokenomics to #DeFi Governance tokens.
For him, #GameFi projects, that attract players who love the game, will have superior Tokenomics to #DeFi Governance tokens.
The next iteration of #NFTs will be digital assets with actual utility, that are integrated into #GameFi.
#NFTs provide a brand with the opportunity to engage more directly with a younger target audience.
#NFTs provide a brand with the opportunity to engage more directly with a younger target audience.
12. He thinks, that #Rollups with Tokens present better R/R than #ETH and that #L2s need a token, to attract significant users.
For him #ETH as settlement and data availability layer, not execution layer, is a different value proposition.
For him #ETH as settlement and data availability layer, not execution layer, is a different value proposition.
The #Merge is extremely complicated due to existing structure and capital on #ETH.
For him, #BTC is better in a downturn, and it's easy to find #Alts that outperform β in uptrend.
For him, #BTC is better in a downturn, and it's easy to find #Alts that outperform β in uptrend.
13. The lessons he learned from his mistakes were:
β do not over trade bad markets
β have a bit longer time horizon
β do not be hesitant to go against consensus
β be cautious when you have lack of edge
β focus on more concentrated bets
β app chains are the current meta
β do not over trade bad markets
β have a bit longer time horizon
β do not be hesitant to go against consensus
β be cautious when you have lack of edge
β focus on more concentrated bets
β app chains are the current meta
14. His favorite cities are Atlanta, New Yorkπ½, New Orleans, Miami, Vegas. He said when he's tweeting, it's a stream of consciousness.
He also stresses the importance of maintaining balance π§πΏ between life and #crypto, because it makes you see things more clearly.
He also stresses the importance of maintaining balance π§πΏ between life and #crypto, because it makes you see things more clearly.
This is my take on @blknoiz06. I learned a lot of things, that I can adapt on my crypto journey, I hope you could too.
If you want to learn more about Ansem, check out the resources linked below :) #WAGMI, with the right knowledge
If you want to learn more about Ansem, check out the resources linked below :) #WAGMI, with the right knowledge
Interview with @elliotrades
His substack is a must-read, in my opinion β
blknoiz06.substack.com/p/quarter-ii-2β¦
blknoiz06.substack.com/p/quarter-ii-2β¦
If you read until here, I would really appreciate a like and retweet. I'm going to continue to share my learnings βοΈ in crypto every week.
I'll link the first tweet for you to retweet π€
I'll link the first tweet for you to retweet π€
https://twitter.com/awaretitan/status/1509952387460575239?s=20&t=Y42n3lnZjj5-jD3HvJ9ccg
Other Accounts to improve in crypto and get Alpha π
@cobie
@Darrenlautf
@thedefiedge
@BowTiedNightOwl
@Route2FI
@knowerofmarkets
@nosleepjon
@Cov_duk
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@thedefiedge
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@Route2FI
@knowerofmarkets
@nosleepjon
@Cov_duk
@shivsakhuja
@danku_r
@milesdeutscher
@hentaiavenger66 of course π
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