Once the #DeFi summer truly begins, there will be lots of newcomers in lowcap degen space. Altcoin traders and normies will flood in, hoping to make that life/wife changing money. And falling into all sorts of traps. How to not get rekt while trading degens? Thread 👇🧵 (1/10)

Don't listen blindly to *anyone*. Be careful with influencers. Watch the space closely, observe changing trends, adapt to ongoing meta. Make your decisions according to your solid research and gut feeling. Only you are responsible for your investments.
(2/10)👇

NEVER throw all your resources into single project. This is a jungle and even the most impressive token can vanish overnight. Scams, hack attacks, contract errors, panic dumps - all this shit happens in #lowcap DeFi on daily basis, so watch out.
(3/10)👇

Don't FOMO into charts, don't buy at ATH. Even the most bullish tokens have their dips and almost always there will be good opportunity to enter the project you're excited about. Be patient. The market will be there tomorrow, every single day brings new moonshots.
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TAKE PROFIT ffs. Respect the chart and don't dump entire bags at once. But take your profit bit by bit as the chart goes up. If you don't, you'll be left with dust while waiting for that legendary moonshot. This might be the single most important advice you can get.
(5/10)👇

Don't get emotionally attached to your investments. Yes, it feels great when you find an explosive gem. But remember that it will eventually end up in hell 99% of the time. #Degens don't have feelings toward you. So don't fall in love with them either.
(6/10)👇

As your progress on your #DeFi journey, build your connections with reliable people and honest teams. This is your most important resource along the way. And they are out there, even tho' at first glance it might seem this is just a huge sea of scam.
(7/10)👇

Use your tools 🛠️ There are so many of them today. All sorts of bots, contract verification websites, scanners, AI tools, etc. We didn't have them back in '21. Now there is an abundance of them. Choose the ones that work for you and learn how to use them effectively.
(8/10)👇

Don't get sucked in. Have day-offs. Euphoria is hell of a drug, revenge is hell of a trap. Lowcap degens are pure gambling, don't let it take over your life. People lose families because of #crypto. Degens are toxic for relationships. Go out, stay healthy, stay fit.
(9/10)👇

Finally, just enjoy it. If you get rekt constantly, remember there are other ways to make money in #DeFi. And remember you can quit anytime. At the end of the day, this is not what life is about. Live your life.
Now go find that fuckin' moonshot, anon. Good luck!
(10/10)