You lost money due to the recent market conditions or FTX?
Here is how to bounce back X100 better.
A thread🧵, retweet for others.
⚠️ CAUTION;
This thread is not to motivate you. This thread came from my heart as someone who has gone down to zero few times in this industry and bounced back easily.
So, allow me to talk to you.
The worst thing that can happen to you in this space is not losing money.
I noticed that when people lose money, they tend to give up, which does not make sense.
Losing money is scary and painful, but the worst thing that can happen to you is losing the momentum, the drive and the passion to continue pushing regardless of the situation or the amount of money lost.
1• Chaos is a ladder; its beauty is that it teaches us lessons that cause changes.
The issue with “FTX Insolvency” should have opened your eyes more on “WHY” and “HOW” you should start putting your finance in your hands.
Switch from exposing yourself to one centralized exchange to decentralizing your self-custodian wallets.
Create multiple wallets and spread your funds. Alternatively, get a hardware wallet if you can afford it.
2• Even if you are down to zero, this is not the time to start feeling depressed; rather a time to start exploring more options.
Engage in as many airdrops and TestNet as possible. Register premint/grind for free mint NFTs.
Follow @Abrahamchase09 for airdrop alphas.
3• Get into communities of like minds to work with but don’t be a pest. The truth is that, even in chaos and blessings, we are all we have.
You can rest assured that regardless of the situation, you have a community to help you bounce back.
4• Get your knowledge up. Strive to grow your mind & skill set beyond just making money but understanding how things work intensely in this space.
Refine your research skills , and learn from the best in your niche.
Ignorance is a bubble; the more you know, the more it bursts.
5• Be conversant with Twitter. Some people lost their fortunes on FTX because they didn’t get the information as early as possible. But those who got it earlier on Twitter could withdraw their funds and stay #SAFU.
Knowing late is ignorance.
One of the ways to avoid this is to belong to a community.
You can even create a Twitter list of notable accounts, project founders and analytics accounts here on Twitter to get first-hand information from them.
6• The Web3 industry is so huge that you can even start a new career entirely.
Here is a thread by @thedefiedge that explains several opportunities you can explore.
Now is the time to x100 your work rate; this is how you bounce back.
SUMMARY.
• You can lose money but don’t lose momentum.
• Decentralize your wallet.
• Explore more options (Airdrops, TestNet, NFTs, jobs etc.)
• Get into communities.
• Broaden your knowledge.
• Always stay updated in the space.
• Start a new career in web3.
To KNOW is to be FREE.
• Like and retweet the first tweet.
• Follow me @SamuelXeus for more.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
The next big airdrop you’re looking for will come from platforms you aren’t paying attention to.
Here’s how to be positioned for the next 1000x Airdrop.
A thread🧵 ... Retweet for others.👇
Many a time, you miss the main information in your attempt to feel like a “Pro Researcher.”
However, one of the major skills of a good researcher is your ability to pay attention to details even the tiniest details.
Over the years, we have seen the world transition into the newest or biggest innovation.
Likewise, the web2 firms are finding their way into web3 leveraging blockchain technology to scale their platforms, incentivize their users and improve user experience.
It is one thing to accumulate liquidity and it is another thing to be able to protect it. To protect your liquidity, you must master the act of managing money.
Money management simply means self-imposed rules you must follow to minimize loss and maximize profit in the market.
I laugh when I see people enter this market without any calculated risk measures;
-Poor risk and money management
The truth is this current market is the type of market that takes from the ignorant and gives to the knowledgeable.
• THE FARMERS WILL MAKE MORE MONEY.
No sane farmer plants when others are harvesting or harvests when others are planting. How do you know when to plant or harvest? The game requires a lot of sense but let me explain.👇
🧵 #DeFi#Nfts#Foreverinprofits
Yield farming is a way for token holders to maximize rewards across various DeFi platforms. Farmers provide liquidity to various token pairs and earn trading fees as rewards. These liquidity pairs can also be staked to earn more rewards.
Now, there are several ways you can farm in DeFi: 1. Provide Liquidity. 2. Staking. 3. Lending & Borrowing.
Scalability is the ability of a blockchain to process a large no of transactions without affecting the transaction fees and transaction throughput.
To scale a blockchain you can either:
📍SCALE THE BASE LAYER (L-1)
📍OUTSOURCE SOME OF THE WORK TO A NEW LAYER -L2
Layer 2 is a protocol that is built on top on an existing blockchain (L1) with the sole purpose of improving the scalability and
efficiency of the existing blockchain.
Humans evolve, but our emotions, not so much’__Why’d I come to such a conclusion? Well...🔽 a Thread👇🧵 #DeFi#Nfts#DeFiTheSimulation
Everything that has ever happened before, will happen again__Now I’m not just talking about Life but particularly the Blockchain. There’d always be meltdowns, FUDS, pumps, dumps📉..
Ages to come, most people would still fall for it, and as sure as Summer comes, there’d always be a new trend to hop on. This right here is the reason 5-10 years from now, people coming into the ‘META* space say *We are still Early!*🏌️