Mile Smitran retweetledi
Key Crypto Lessons Learned Over the Years:
• Avoid investing in fork protocols: few outperform the OG protocol
• The best investments are often the most confusing at first
• If you're bullish on the token, just hold it: Impermanent loss will rekt you even in high APYs farms
• Use a hot wallet with for degen trades and testing dApps; HW or mutisig for main assets
• Don't touch your wallet when tired or busy to avoid mistakes
• Avoid yield farms with time lock-ups: Being able to quickly withdraw liquidity is key.
• Skip copycat NFT projects launching on new chains
• Every bull cycle new stories emerge to make you buy tokens: Buy the token, but not the story.
• Bear market rule: Don't holding alt-coins. Especially those with large unlocks.
• Best airdrops come from where you least expect: Test every unique dApp you come across.
• If a project uses many buzzwords in its documentation, be careful; it's a red flag for cash-grab projects
• The more token use cases are highlighted on a project's website, the worse the token tends to perform
• If you don't know where the yield comes, you are the yield: But you'll need to get rekt to learn it
• Narratives come and go. But narratives based on real technical innovation often experience multiple hype waves
• Likewise, great returns await those who can spot catalysts before a new wave of hype hits. Sell when CT is overly bullish
• Invest in protocols that make their users rich: Credits to @crypto_linn making me realize it
• VC investment announcements are typically marketed not when the investment is finalized, but when there's a need to generate hype for the protocol. Often, a token launch.
• In crypto we learn by doing: getting rekt
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