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I turned $7k to $106k back down to $74k in crypto.
20 lessons to shortcut your journey to freedom.
(read this before you invest even $1)
// THREAD //
20 lessons to shortcut your journey to freedom.
(read this before you invest even $1)
// THREAD //
Let me preface this thread by saying:
a) I want you to get educated. Stop being intellectually lazy.
b) I genuinely want you ALL to win.
c) I want you to stop missing out on crypto.
d) No one is coming to save you.
Sound good?
Let's go!
a) I want you to get educated. Stop being intellectually lazy.
b) I genuinely want you ALL to win.
c) I want you to stop missing out on crypto.
d) No one is coming to save you.
Sound good?
Let's go!
1. Spend 50 hours researching crypto.
It's not rocket science, but it does have a learning curve.
It's not rocket science, but it does have a learning curve.
2. Don't buy a coin right after an influencer mentions it.
Odds are you're going to be exit liquidity for them.
Odds are you're going to be exit liquidity for them.
3. Do not invest a single dollar until you understand the product.
Do you understand $LUNA? Do you understand $ATOM?
If not, all good. Just stick to BTC/ETH.
Even if you don't understand them.
Do you understand $LUNA? Do you understand $ATOM?
If not, all good. Just stick to BTC/ETH.
Even if you don't understand them.
4. Only spend what you can afford to lose.
Simple.
Things can and sometimes do go to zero.
Simple.
Things can and sometimes do go to zero.
5. Keep your 9-5, please.
But start building YOUR dreams.
Not those of your boss.
Cut back on material/luxury items.
Use that $$ to generate crypto income.
But start building YOUR dreams.
Not those of your boss.
Cut back on material/luxury items.
Use that $$ to generate crypto income.
6. Taking profits either makes or breaks you.
It's not hard to make profits in crypto.
It's incredibly hard to TAKE profits in crypto.
Take out your initial investment ASAP.
Take out a certain % each time your coin moves upward.
Just leave a little bit as your 'moonbag'.
It's not hard to make profits in crypto.
It's incredibly hard to TAKE profits in crypto.
Take out your initial investment ASAP.
Take out a certain % each time your coin moves upward.
Just leave a little bit as your 'moonbag'.
No one out there times the market perfectly and that is not my goal.
Shouldn't be yours either.
I had $106k at the peak.
The current bear trend has eaten some profits.
That's fine.
As long as you take profits consistently you'll be fine.
Shouldn't be yours either.
I had $106k at the peak.
The current bear trend has eaten some profits.
That's fine.
As long as you take profits consistently you'll be fine.
7. Buy when everyone is selling.
The biggest mistake I've made these years was deploying too much capital in a hot market and not enough when markets were down.
Are people worried crypto will go to zero?
THAT is when you need to buy.
THAT is how you get rich.
The biggest mistake I've made these years was deploying too much capital in a hot market and not enough when markets were down.
Are people worried crypto will go to zero?
THAT is when you need to buy.
THAT is how you get rich.
8. When you start in crypto, limit your risks.
I lost $2k when I first started my DeFi journey in 2020.
I had no clue wtf I was doing.
Get comfortable holding large cap coins (BTC, ETH, LUNA, etc.)
Then graduate to riskier stuff as your expertise grows.
I lost $2k when I first started my DeFi journey in 2020.
I had no clue wtf I was doing.
Get comfortable holding large cap coins (BTC, ETH, LUNA, etc.)
Then graduate to riskier stuff as your expertise grows.
9. The future will be decentralized and gamified.
Whether you and I like it or not.
Whether you think nation-states will exist or not.
Technological advancements cannot be stopped.
Whether you and I like it or not.
Whether you think nation-states will exist or not.
Technological advancements cannot be stopped.
10. Don't stray from your investment thesis.
Mine is based on a decentralized metaverse by 2030:
- Storage
- Layer 1s
- Stablecoins
- Computation
- Interoperability
- Identity security
Next time you invest ask yourself:
Is this in line with my future thesis or not?
Mine is based on a decentralized metaverse by 2030:
- Storage
- Layer 1s
- Stablecoins
- Computation
- Interoperability
- Identity security
Next time you invest ask yourself:
Is this in line with my future thesis or not?
11. Don't let insane APY/APRs tempt you.
I can almost guarantee you, you're going to lose money.
Why? Not because they'll scam you.
It's because you're still a beginner and need to learn more first.
50000% daily to stake 'kittycoin'? Pass.
Plz, don't gamble away your money.
I can almost guarantee you, you're going to lose money.
Why? Not because they'll scam you.
It's because you're still a beginner and need to learn more first.
50000% daily to stake 'kittycoin'? Pass.
Plz, don't gamble away your money.
12. Stay divorced from your investments.
Whether it's a DeFi play, a crypto game, an NFT or even a large cap coin...
If you're currently up 2-3x stop feeling 'loyalty' towards it.
You're not 'cheating' on the project if you sell and take profits.
Remember that.
Whether it's a DeFi play, a crypto game, an NFT or even a large cap coin...
If you're currently up 2-3x stop feeling 'loyalty' towards it.
You're not 'cheating' on the project if you sell and take profits.
Remember that.
13. Play it safe as a newcomer.
Don't worry about doing a 50x by next Monday.
Just get exposure to some Bitcoin and some ETH to get you started.
Back in 2017 I just had 75% in BTC and 25% in ETH.
Still a good way to start if you're new.
Don't worry about doing a 50x by next Monday.
Just get exposure to some Bitcoin and some ETH to get you started.
Back in 2017 I just had 75% in BTC and 25% in ETH.
Still a good way to start if you're new.
14. Take on additional risk as you learn.
Let's say you've endured your first couple of market corrections, you understand the risks and can navigate it properly now...
Time to 'evolve' your portfolio:
50% BTC
25% Large caps
25% Small caps
Stability + upside.
Let's say you've endured your first couple of market corrections, you understand the risks and can navigate it properly now...
Time to 'evolve' your portfolio:
50% BTC
25% Large caps
25% Small caps
Stability + upside.
15. Always do your own research.
I'm not saying every influencer is going to rip you off.
I'm saying you should look at what they mention and then look up the projects:
- Tokenomics
- Team track record
- Upcoming events/plans
NEVER blindly ape in.
Always be curious and DYOR.
I'm not saying every influencer is going to rip you off.
I'm saying you should look at what they mention and then look up the projects:
- Tokenomics
- Team track record
- Upcoming events/plans
NEVER blindly ape in.
Always be curious and DYOR.
16. Stack your research toolkit.
See an influencer mention a project?
Use these tools to dive deeper yourself:
1. @MarketCapOf
2. @CoinMarketCal
3. @CryptoPanicCom
4. @MessariCrypto
5. @TRDR_io
6. @tokenterminal
See an influencer mention a project?
Use these tools to dive deeper yourself:
1. @MarketCapOf
2. @CoinMarketCal
3. @CryptoPanicCom
4. @MessariCrypto
5. @TRDR_io
6. @tokenterminal
17. Find a crypto niche for yourself.
Could be crypto gaming?
Could be NFTs or maybe DeFi?
OR you could do all of them one ONE specific blockchain.
You could be the FTM or MOVR expert!
It's impossible to know it all so narrow down as soon as you level up your knowledge.
Could be crypto gaming?
Could be NFTs or maybe DeFi?
OR you could do all of them one ONE specific blockchain.
You could be the FTM or MOVR expert!
It's impossible to know it all so narrow down as soon as you level up your knowledge.
18. Don't buy NFTs (yet).
You won't know what you're doing.
You need a framework.
Here's mine:
a) Art
b) Team
c) Utility
d) Socials
e) Roadmap
If you spent 50 hours to start in crypto, spend another 50 hours studying the NFT space.
NFTs are even riskier than crypto.
You won't know what you're doing.
You need a framework.
Here's mine:
a) Art
b) Team
c) Utility
d) Socials
e) Roadmap
If you spent 50 hours to start in crypto, spend another 50 hours studying the NFT space.
NFTs are even riskier than crypto.
19. Assume that all DMs are scams.
Everyone that reaches out to you is guilty until proven innocent.
That is the most basic, easiest way to stay safe.
Literally every day people are getting scammed on Twitter and Discord because they trusted some random person.
Everyone that reaches out to you is guilty until proven innocent.
That is the most basic, easiest way to stay safe.
Literally every day people are getting scammed on Twitter and Discord because they trusted some random person.
Summary of how to be free/wealthy by 2030:
1. Realize crypto'll go from $1.5T to $50T
2. Cancel your need for overnight wealth
3. Recognize government propaganda
4. Support decentralization projects
5. Invest consistently
6. Don't panic
Patience + vision.
1. Realize crypto'll go from $1.5T to $50T
2. Cancel your need for overnight wealth
3. Recognize government propaganda
4. Support decentralization projects
5. Invest consistently
6. Don't panic
Patience + vision.
Guys, thank you for reading!
If you found this information valuable please hit the retweet button on the very first tweet above so others can get value from it!
Oh and give me a follow at @0xsash for more similar content every day.
If you found this information valuable please hit the retweet button on the very first tweet above so others can get value from it!
Oh and give me a follow at @0xsash for more similar content every day.
My bro @FiftySatFinance and I created this FREE starter course for you to learn about the crypto basics.
Grab it here: https://cryptostarterpack.carrd.co/
Grab it here: https://cryptostarterpack.carrd.co/
