Here are 50+ questions I ask before I invest in any #crypto
This checklist is my ultimate secret for finding high-quality crypto #alts and not getting rekt on shitcoins and it's yours, free 😘
1/16
◆◆ Funding ◆◆
I always look at funding first. If a project has no runway in a bear market it's dead in the water. It's a challenge to dig up these answers sometimes but my first steps are always Google and ask the team directly on their Telegram or Discord.
2/16
◆◆ Team - General ◆◆
The best place to find this info is on the team's website, socials and of LinkedIn. Also, just asking on their Telegram or Discord.
3/16
◆◆ Team - Developers ◆◆
Check LinkedIn for previous dev experience and @Artemis__xyz to see how active they are on GitHub. If they aren't on Artemis you can check GitHub directly. How recent a commit is is more important than overall commit frequency though!
4/16
◆◆ Do they earn fiat outside of crypto? ◆◆
This info is usually found on the project's whitepaper or website, if you can find it there ask on their Telegram or Discord.
5/16
◆◆ Tokenomics - Value Accrual ◆◆
Same as above but you might need to do some math to answer these. If you don't want to do the math, as their community on Telegram/Discord.
6/16
◆◆ Tokenomics - Investors ◆◆
Same as above, check their whitepaper but you can also google for investor info. Keep in mind VCs don't always buy presale, sometimes they accumulate from the spot market just like you. Not necessarily a bad thing but worth considering.
7/16
◆◆ Community ◆◆
Community is arguably more important than tokenomics. A lot of projects rally based on community alone. The only way to know if the community is strong is to spend time in their Telegram or Discord and see how good their Twitter engagement is.
8/16
◆◆ Use Cases ◆◆
Check their website and whitepaper for this. Use case is important for long-term growth. Bonus points if the use case is valid in a bear market.
9/16
◆◆ Roadmap ◆◆
Projects usually publish roadmaps on their website or on their blog. If you struggle to find it just ask on their Telegram or Discord.
10/16
◆◆ Users ◆◆
These are not always easy to answer but the best place to look is in their Telegram or Discord. Do they update often? Is the team active in the community? Are there positive vibes on Discord? Are haters shouted down by holders?
11/16
◆◆ Competitors ◆◆
Competitor research is difficult by necessary. You find this info by looking at competitor whitepapers, sites and their communities.
12/16
◆◆ Risks ◆◆
A lot of these can be answered while you are doing competitor research or answering questions in other categories. Whitepapers, websites, Telegram/Discord and general knowledge of the sector are all useful for answering these questions.
13/16
◆◆ Current Value ◆◆
The most important question is if the project is undervalued. I use all of the above questions to determine this along with game theory and Keynesian value investing theories which I will cover in another thread.
14/16
It's important to note that you will never be able to answer all of these questions for each project but the more you can answer the better. Also, not every answer has to be positive in order to consider investing but too many red flags obviously increase risk.
15/16
I hope you've found this thread useful. Follow me @LadyofCrypto1 for more and please like/retweet the first tweet below if you can 🙏
First. The contagion from FTX isn't over yet. Many really big cryptos can be infected and collapse.
I'm just under 90% stable. I'm not buying heavy ATM, only small DCAs. My portfolio is diversified with over 20 projects to avoid the risk of any one project fu*king me.
2/8
$NEAR - They just announced that they have over $500 million in their treasury - much of it in fiat - giving them a five-year runway 👀
They have the money to survive an extended bear market. Their tech and team are top-notch. Long term bullish so I'm accumulating
3/8
I started #crypto with $5,109 in 2019 and in 2021 I achieved complete financial freedom.
I did it using these 10 strategies.
This thread will help you do the same next run 👇
1/12
1. Follow The Money
ATM the money is flowing to #Arbitrum. You need to flow with it. If the flow changes, go with it to another ecosystem. The 10x-20x bear market returns happen wherever the money is at. Follow it, find some gems and remember to take profit!
2/12
2. Small Accounts Have Alpha
Okay but how do you find 10x-20x returns? One way is to find small accounts sharing alpha. First, look for a project that pumped recently. Then follow this guide to find who was sharing it early 👇 (thread with advanced starts coming soon 👀)
Next run will be all about L2s and now is the time to position yourself to make FU money in the next bull run. I use L2 beat to monitor L2 TVL, activity, market share and other data!
Knowing what projects are making the most from fees is a good indicator of a project's health because it shows us that there are people actively using it. As you might know, I'm a big GMX fan, they are 4th for fees, good sign!
Some of the best tokenomics I've ever seen in a #crypto, with #RealYield APR at 20% (fluctuates), closing in on $500m TVL and a huge ecosystem springing up around it 👀
In this thread, I break down $GMX, in full and explain why I'm bullish on it 👇
1/31
◆◆ What is $GMX? ◆◆
A decentralised perpetual exchange, basically, leveraged crypto trading directly from your wallet instead of a CEX like Binance.
This means no KYC, spreads are essentially 0, price impact is low, fees are low and you can trade up to 30x leverage 👀
2/31
◆◆ GMX Price Performance ◆◆
We've seen impressive strength from GMX. While most cryptos are down since October 2021, GMX is up 100%. So what do we attribute this strength too?
Well, it has strong utility, great tokenomics and a great community. Let's break it down.