Many will be down bad in #crypto
Maybe you followed a terrible pick from an #Influencer & it dumped.
If you want to win in #crypto & you need to beat them.
You need to use the tools they do & find the best #HiddenGems first.
Here is a list of 15 essential tools you need 🧵👇
1/ MESSARI
Always try to spot the next big macro trend or 'narrative' in #crypto. Just because #play2earn or #DEFI was hot in the past, doesn't mean it will be in the future.
If you are specifically trading L2s or looking at DeFi projects, I highly recommend @DefiLlama which lets you track a bunch of important metrics, such as TVL (Total Value Locked)
Once you have found a good narrative & projects, you also need to ensure there are some good catalysts or 'news moments' coming up. These will help spark interest & price.
We live in a world where we expect everything immediately. We can buy whatever we want, with one click. We can order a taxi, instantly. And stream endless content, whenever we want.
1/ PRODUCT-MARKET FIT pt2
In this increasingly impatient world, $NFLX had a great product-market fit.
-epic amounts of great content.
-content that dropped all at once, no need to wait, just binge it all straightaway.
-no distractions, 100% ad-free.
-very cheap monthly fee.
Investing in #crypto isn't easy.
Most make big mistakes.
And many lose a lot of money.
I have spent countless hours reading & improving.
And learning from my mistakes.
Here is a simple thread with the 7 key things I have learned & you need to know 🧵👇 #cryptocurrency
1/ RESEARCH (i)
Despite being told to do you’re own research #DYOR most new investors don't! They APE in & let greed/emotions take over.
You NEED to do you’re own research & form you’re own hypothesis.
BTW watching an influencer Youtube video doesn't count.
1/ RESEARCH (ii)
Some of the most important things you need to research on a project are:
-Tokeconomics (market cap, unlocks & allocation)
-Brand story (a project many can get behind)
-Brand experience (is it easy to use + build upon)
-Does it play to a #crypto narrative