Know where you are in the process, follow and act accordingly.

1. Aggressive expansion (10k - 2MM)
2. Accumulation (2MM-20MM)
3. Reduce Risk and Diversify (20MM +)

Most of what we hear is phase 3, but if you play like phase 3 before you get there, you won't get there. https://twitter.com/degenspartan/status/1310078195958337537

Degen is in stage two (not assuming a level of capital, just behaviorally)

Makes sense to pass on YFI in the context of not looking for the 100x.

Also, this is all risky, blah blah, do your own research. You will lose money anyway. Kay’ bye

Because whales live in stage 3, there is room for stage 1 for the next 5 years at least. Even then there will be opportunities, it just won’t be where everyone else is looking.

Obviously luck is involved. Doesn’t mean luck is the only thing involved. Can be both ‘kay