https://typefully.com/crypto_clearly Your crypto artist grandpa. I write about crypto, defi, NFTs, software dev, and related topics. DMs open always. Sun, 03 Apr 2022 23:58:11 GMT Sun, 03 Apr 2022 23:58:11 GMT Typefully https://screenshots.typefully.com/screenshot?size=1200x640&url=https://typefully.com/crypto_clearly/card https://typefully.com/crypto_clearly/how-to-not-get-fdollarked-in-crypto-basics-74g8Wjm At some point, you've probably lost a chunk of your bags: • Betting on an NFT project • Getting in an IDO (ICO, IanythingO) • Being scammed • Trying Defi without knowing what you're doing Research. Reaps. Rewards Here are 3 ways to stack the odds more in your favor: 🧵 1 - RTFM (Read the freakin… https://typefully.com/crypto_clearly/how-to-not-get-fdollarked-in-crypto-basics-74g8Wjm Sun, 03 Apr 2022 23:58:11 GMT
• Betting on an NFT project
• Getting in an IDO (ICO, IanythingO)
• Being scammed
• Trying Defi without knowing what you're doing

Research. Reaps. Rewards

Here are 3 ways to stack the odds more in your favor: 🧵

1 - RTFM (Read the freaking manual a.k.a. the docs)

Look, I get as bored as you do reading that stuff...
But it's necessary.

"Spray and pray" investing is at its end.

The winners of the future will be informed and executing.

Find the "docs" link, and spend an hour in it.

2 - Learn basic crypto safety

Some basics:

• Don't answer DMs on Discord, don't care if you won a #BAYC.
• Don't share your seed phrase, ever.
• Look for an "Official Links" or similar channel on Discord or known official socials.

I have a full thread coming on this soon.

3 - Know basic tokenomics

• Supply - Your token isn't going to the moon if it's printing a million more tokens a day (probably)
• Demand - Is there a token burn mechanic? Is there real life utility? (aka value)

Write out notes about each project and use them to make decisions

I'm actively working on full guides / threads for each of these 3 points.

I consider all of my writing a public good. Crypto has literally changed my life over the last 6 years, and I owe it to this community.

Looking forward to interacting with everyone.
Stay safe out there!

You can read the unrolled version of this thread here: https://typefully.com/crypto_clearly/74g8Wjm]]> 74g8Wjm thread false null