1/ Miners extracted $635 million in the last 2 years from "MEV" transactions.

But what's MEV?

In this thread I cover:

・ What happens when you send a transaction
・ How frontrunning and gas wars work
・ How miners maximise profit from block-production

🧵 2/ Before the thread starts, I'd like to point out @Quix_xyz, founder from @nodeify_xyz, explains hardcore blockchain stuff in a way a five year old can understand.

Tomorrows he's gonna talk about MEV, I recommend joining!

It will be enjoyable 👀

https://twitter.com/nodeify_xyz/status/1531304434273161216?s=20&t=nB0TUzExDAxN5kJtmUwbbg

1/ No one is a profitable investor, until there's a plan.

But how to strategise your take-profit plan?

In the second thread of my take-profit series, we're gonna look at:

・ Timeframe of investments
・ Setting take-profit targets
・ Token unlocks
・ Monitoring roadmap

🧵 2/ In my "Take-Profit" series I share lessons learned that helped me become more consistent in making profit.

Threads:

1: Why it hurts to take profit
2: strategise your take-profit plan
3: Hedging yourself against psychological weak spots

Thread 1

👇

https://twitter.com/Zetoveraleenzet/status/1529475044874760194?s=20&t=1lEiuf8gbWQRgTO6ldM2jg

1/ The basics of trading.

A clean and simple introduction, summarised in 3 threads, written by @RobotDefi.

Thread 1: Risk management.
Thread 2: Finding your trading edge.
Thread 3: Technical analysis 101.

Well done, keep up to good work 🤝

(give the man a follow)

🧵 @RobotDefi 2/ Thread 1: Risk-management

This quote from @theobaldigbera1 is pure truth:

"Risk management is the bedrock of trading.... without it, you may always lose to the market"

Trading starts with managing risk.

https://twitter.com/RobotDefi/status/1529875853630246914?s=20&t=qZVz7UiWNB8P-ajwWpKung

1. Greed and Fear: they stand between you and being profitable.

In coming threads about taking profit I'll dive into:

→ Why it hurts to take profit
→ How to strategise your take-profit plan
→ How to hedge yourself against your psychological weak spots

Part 1

🧵 2. To start off, I want you to understand this:

1) The reason you have a hard time taking profit is psychological.

2) Consequently, a take profit plan is a must have.

3) You need a system to hedge yourself against psychological weak spots while executing your take profit plan.

1/ How to manage a crypto portfolio?

Six rules:

1. Set objectives
2. Adjust your strategy to your financial situation
3. Balance out asset-allocation
4. Know your risk-appetite
5. Sync your strategy with your time available
6. Understand what you invest in

Here's how.

🧵 2/ Rule 1: Set investment objectives.

I didn't set these for a long time and it was an expensive lesson.

22th of May 2021 $SWTH reached its ATH.

My unrealised profit was a decent $8000..

If I'd taken profit.

I didn't because I had no objectives.

Don't make that mistake.

Tip of today.

Want to know a simple trick you can add to your set of DYOR hard skills?

Check if a project's website is a Wordpress website.

If it is, your anti-rug nerves should start tickling and you should do more research.

A simple guide

🧵 1/ Why is a Wordpress website a red flag?

It's cheap, quick and easy to build a Wordpress website.

You don't need a lot of experience building a Wordpress website.

Wordpress websites look slick.

A perfect tool for scammers to create a professional looking website.

The lifespan of majority of crypto projects is little more than a few months. It's a fact of crypto life.

Teams often unintentionally give early signs if their project will make it.

Here's how to learn to spot these signs 🧵 1/ Signal 1: Decision-making is rushed.

Good teams often don't rush decisions. Especially not about their go to market strategy.

I've seen some teams cutting prices of their (pre-sale) nodes in half literally after 15 minutes of criticism.

It's a red flag. Stay out.

1. It's great seeing node projects steer away from node-only utility by creating P2E games like @GodsofAsgardP2E.

But how hard is designing P2E games?

In my coming #P2E threads I'll answer that question so you're prepped for getting most out of the 2nd play-to-earn cycle.

🧵 2. Creating #P2E games is a massively hard job.

Why? To create, launch and run successful games you have to overcome difficult challenges.

What web3 space needs are:

▶️ Zero Knowledge Proof eIDs for web3 devs/ founders

▶️ A web3 platform like LinkedIn providing trust management systems for developers

▶️ Non Fungible Credentials so developers can create a verified profile showing their skills and expertise

1/5

https://twitter.com/TheBreadMakerr/status/1514628555258630144

2/5 What are Zero Knowledge Proof protocols?

Imagine you gonna buy a beer and the cashier needs to verify that you’re 21 +.

Showing your ID proves your’e 21+ but it also reveals unnecessary information to the cashier:

▶️ Actual age
▶️ Nationality
▶️ Service number

Past Monday Elexir rugged on their investors.

This guy (?) asked how to check if liquidity is locked?

@PreExponential mentioned "on token explorers but is technical work".

Let that the "technical" part not scare you.

A step-by-step 🧵 how to check if liquidity is locked.

https://twitter.com/BowTiedBigTuna/status/1498424832815419395

1.1 The technical work is a "hard skill" that you can learn by doing. It should be part of your DYOR and FA skills.

Invest in learning a hard skill will get you the best ROI down the road.

Let's dive into the hard skill of "checking locked liquidty"

Continuously updated and curated list of newly projects that I add to my watchlist for research pre-dominantly in these crypto segments:

#DeFi
#NodeLife
#NFT
#Metaverse
#blockchain infrastructure 1/ @TheWheelClub

☸️ Discord: 29 (18 feb 22)
☸️ Whitelisted: 20 (18 feb 22)
☸️ Membership NFT granting a chance to enter The wheel of fortune show each week
☸️ Talked to founder, really nice guy with supported by experienced crypto team

#NFT #NFTCommunity