🧠 Ready to take your Web3 game to the next level?
Here are my top 5 tips for crushing it in #DeFi
🧵 THREAD:
1. Research, research, research
The most important thing you can do as a Web3 investor is to stay informed.
- Read whitepapers / project prospects.
- Join communities.
- Stay active on SM.
This will keep you up to date with the latest trends & developments, helping you make more informed investment decisions.
It will also help you be aware of social sentiment.
2. You have hear of this before. Diversify your portfolio!
It is key to reducing risk and maximizing gains. Invest in a variety of projects across different sectors and ecosystems.
This will help you weather market volatility and take advantage of opportunities as they arise.
3. Look for strong tokenomics
A project with strong tokenomics is one that has clear use cases and a strong ecosystem to support it.
— Anything with >50% circulating supply is a risk imo.
Strong tokenomics also mean overall distributed supply with Team >15% of the supply
Look for projects with a strong and active community, a clear roadmap, and a solid team behind it.
This will help you identify projects and trust it with a long-term potential.
4. Keep an eye on macro market sentiment
— Makro Market sentiment can be a powerful force in Web3 investing.
Pay attention to social media trends and news headlines. This will help you stay ahead of the curve and identify emerging trends before they become mainstream.
5. Be patient and don't panic
Web3 investing can be a rollercoaster ride, with ups and downs along the way. Be patient, stick to your investment thesis, and don't panic when the market fluctuates.
Remember, Web3 is still in its early stages, and there will be plenty of opportunities for growth in the future.
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There you have it, my top 5 tips for crushing it in Web3.
Stay informed, stay diversified, and stay patient. Good luck! 🌟
Btw there is a secret tip, and it is to follow the big brains! 🧠
@Only1temmy - Very helpful and friendly!
@Slappjakke - First to write about a project.
@Cryptoalpharian - awesome threads
@cyrilXBT - DeFi education.
@LouisCooper_ - Big insights.
+ ⬇ ⬇
@IamZeroIka - Writing from experience.
@TheDeFISaint - Covering everything L2.
@thelearningpill - Gives you new ideas.
@DeFiMinty - Alpha Threadorr
@CryptoShiro_ - Mad recaps of everything
@omgitsinfy - Consistently quality info.
I hope you've found this thread insightful.
🧪 Thank you for taking your precious time to read it!