1/ Everyone wants to find the next 10x #crypto gem
But how do you find them?
This year as $BTC was dumping I shared $GMT (20x), $WBOND (10x) and took others I didn't share. How did I find these?
Here's how I do it 😘
2/ -- LAUNCHPADS --
You do not need to use the actual #launchpad, although you can. Monitor which projects good launchpads are launching, research them and buy post-launch (wait for a dip). My fav launchpads are @TheDaoMaker, #Binance, @FantomMaker and @terraformer
3/ -- HACKATHONS & GRANTS --
Many blockchains hold #hackathons or give grants to projects launching in their ecosystem. This is how I find gems VERY early on. I also find talented DApp devs this way and follow them so I can get on their next project early!
4/ -- INCUBATOR PROGRAMS --
Monitoring incubator programs like Binance Labs is a good way to catch exciting projects early on. I've found a few projects this way that I'm very excited about, like @WombatExchange. Most things Binance invests in do well, look at $GMT
5/ -- VCs--
Keeping an eye on reputable VCs like Animoca and what they are investing in is a good way to find gems early on. Keep in mind that many VCs have a long term mindset and get in MUCH cheaper than you so following VCs can be risky. DYOR!
6/ -- FRIENDS --
Making friends is great too. Some of the best alpha I got was from the friends I made right here on CT.
7/ -- DYOR --
Just because it comes from a launchpad, incubator or a friend it doesn't make it safe. You still need to research projects thoroughly to make sure they are a good investment.
Don't be a dumbass.
8/ These are just a few of the ways I find gems, I won't share all my secrets but this should be enough to get you a few 10x.
9/ Adding on to this. Here is a list of projects Binance is incubating. This is a good place to start looking for some gems that can 10x or more
1/ There is still money to be made in #crypto. Invest in new low cap projects on new or trending ecosystems.
For example, a new #DeFi project launches on $METIS or Terra, it has a few 100k market cap. Unless it's absolute trash it will do a 5x or more.
2/ Take partial profit at 100% to secure your initial investment and from there you are good.
I won't shill any specific projects because people on here are annoying and will say I'm pumping and dumping. Also, my sharing might cause a pump n dump naturally.
3/ Just DYOR and find some cool projects. It's not that hard.
Go in with a long term mindset too. Take some profit but if you're in when it's under 1 mill market cap and it's good, it could 🚀 so keep some in.
As usual, this is not financial advice. DYOR, don't be a dumbass.
1/ I'm not bullish on $BTC medium term but I am bullish short term... obviously after a big green candle.
46k resistance still in the way, then 52k. So I'm taking PARTIAL profit on recent buys at resistance AS USUAL. Still mostly in stable and accumulating.
2/ Last two times I tweeted about taking partial profit on alts was Feb 7 and Jan 12. Not magic, just taking profit when BTC is at resistance.
Hopefully, alts give us a nice enough push by the time BTC approaches 46k resistance.
3/ I cocked up $LUNA, I hold some but should have bought more at 45 🤷♀️
$METIS, $UOS, $PYR, $RFOX, $WILD and most other things I bought are up nicely but I didn't buy enough. Most of my big buys were Jan 25th dip, not the last one.
1/ How do you NOT get rekt in a bear trend or a bear market?
We've been in a two-month long bearish trend that could easily turn into a bear market.
I am not saying it will, I am saying it could. Once you accept that reality, you can plan for it.
Here is how?
2/ -- MY EXPERIENCE --
When I offer advice on bear markets someone is quick to point out I am too new. I trade in a team of 3 guys with decades of forex experience who switch to crypto Nov 2017 and saw the worst of the bear market. My plans are based on their experience.
3/ -- NARRATIVES --
There's plenty of profit to be made trading when $BTC is dumping if you choose the right #altcoins. You need to find trending narratives like #defi and #layer1 atm. Even #PlayToEarn is still pumping in the right context, like when it's on a new blockchain.
2/ -- APPROACHES --
I need to make some assumptions here on Jim's trading, sorry if I get anything wrong.
In the below scenario, if consolidation occurs, Jim would outperform me. However, if we get a strong bounce, I leave myself open to a few more favourable outcomes.
3/ -- FAVOURABLE OUTCOMES --
My approach is approach has its roots in game theory. I am trying to give myself the most favourable outcomes so that despite what happens, I end up ahead.
I don't know if this is a bear market or if it's a quick dip before a major run.