1. 95% of cryptocurrency participants have never read the project's white paper.
The vast majority of us are really just sold a cryptocurrency by those we trust, and then we mimic their actions and pray that the coins we buy only go up and not down.
2. 90% of participants in the cryptocurrency space cannot explain how blockchain works.
Most participants only care about money (I guess also decentralization).
3. Bitcoin maximalists and Ethereum maximalists both feel narrow-minded and shortsighted.
I believe that the mass adoption of blockchain and cryptocurrency will emerge in ways we cannot predict, and the network effect will explode out of nowhere.
4. Most DeFi (decentralized finance) projects are unsustainable Ponzi schemes, and those who excel at it treat it merely as a money-making game.
That’s just the way it is.
5. NFTs (non-fungible tokens) are the future, and they will drive more cryptocurrency adoption.
6. A completely decentralized future is impossible.
Most of what we call decentralization today is not fundamentally decentralized. We just trust projects in the crypto space more than those outside of it for some reason.
7. The biggest threat to Bitcoin is not Ethereum, but Monero and Dogecoin.
8. The most dichotomous coin imaginable is ZEC, and the ability to toggle privacy is why the world is so corrupt today.
9. Zhao Changpeng has done a lot of good for this field but has not received the honor he deserves.
I believe he is truly making an effort to contribute to a decentralized future, more than the owners of other exchanges.
10. The closest thing we ever had to a metaverse was RuneScape.
All games today should learn from RuneScape and use it as the bible for making money in games.
11. The convenience of seed round financing has forever changed crypto Twitter; this community will never be the same.
Crypto veterans are now venture capitalists; you need to get used to this.
12. The convenience of seed round financing will make people more susceptible than in the secondary market.
This will be the ultimate driving force of years of bear markets.
13. Most angel investors are parasites.
Every penny you give to angel investors should actually go to a loyal community member.
14. The hosts of your favorite podcasts, streams, or spaces start them just to enhance their value props and gain more seed round financing.
That Twitter space was not sponsored; the host just happened to get allocated in the guest's project.
15. In this field, most 'respected' venture capitalists only promote their seed rounds on Twitter.
They are not seen as paid promoters, while influencers are seen as paid promoters, possibly because they are good at using clever language to make people feel that the projects they invest in are top-notch.
16. There is no longer a distinction between crypto influencers and venture capital.
In fact, I think the benefits outweigh the drawbacks in this matter, as there is basically no barrier to entry for anyone in the community to gain influencer and venture capital status.
17. People often complain about big foundations, but without them funding so many projects when no one else would, we wouldn't have seen the massive explosion of the cryptocurrency ecosystem over the past two years, allowing so many people to make money.
Yes, they may indeed sell off their tokens, but the smart ones will profit from it.
18. Making money in the crypto space is not easy; if you find yourself thinking that making money is as easy as breathing, then it might be time to take some profits.
You find a way to make money based on your own experience, but this is very hard to achieve.
19. We are still in a very early stage.
Cryptocurrency has unlimited upside potential, decentralization is a competitive advantage, and it will inspire everyone on this planet to join in on the fun.
20. It’s always easier to be bearish than bullish.
Bull markets are where everyone rushes in mindlessly, while bear markets become timid and cautious. People think bear markets sound easier to get through than bull markets, which is why most middle-class people tend to have this mindset in all aspects of life.
21. You might not learn anything on crypto Twitter; you're just looking for tweets to validate your thoughts or to self-soothe.
Most actionable alpha comes in the form of junk posts, which requires deep understanding to comprehend.
22. UST is not a Ponzi scheme.
The yield of UST is unsustainable, but the fact that this yield decreases over time does not mean it will collapse. Algo stablecoins are the trend of the future, and UST will be seen as the Bitcoin of stablecoins.
23. Justin Sun is a genius.
You can hate him, but you have to admit he is much stronger than you.
24. We all messed up with BAYC (Bored Ape Yacht Club).
Yuga Labs will be better than Opensea.
25. Trying to short the strongest coins in a macro downtrend is as foolish as trying to long the weakest coins in a macro uptrend.
Stop trying to be a hero; you care more about being right than making money.
26. GlassNode analysis is one of the worst things on crypto Twitter.
On-chain analysis is easily manipulated; the only alpha in those charts is that they are helpful for figuring out hacker wallets.
27. Nansen is one of the most valuable tools in cryptocurrency.
Go figure out what wallet owners are doing and track them instead of your favorite influencers; that’s the alpha.
28. At least 80% of influencers are at a level similar to ordinary people in the community.
It takes at least a year to figure out whether someone has so many followers because they are smart, lucky, or opportunistic.
29. The easiest way to spot a pumper is through nutrient-poor posts; when the predictions happen to be correct, those posts are treated like scriptures, and people may realize this after the fact.
Wordplay is an art, and storytellers rule the world.
30. Most influencers make money as investors rather than traders.
They rely on participation to maintain their trading volume and will do anything to protect and grow their accounts.
31. Some of the smartest people in the world are on crypto Twitter.
Their intelligence and insights can be overwhelming, and they use Twitter as an outlet to manage stress, so you should definitely follow them.
32. Everyone is wrong sometimes; it always has been this way.
If you genuinely believe that the big names you follow are never wrong, it's because they intentionally obfuscate and mislead their followers, portraying themselves as something they cannot be. Please don't trust these people.
33. Some people's trades are often correct to the point of incredibility.
A few that come to mind are gcr, hsaka, ansem, CL, HA, and loom.
Don't disregard their analysis and opinions just because these people like a project you don't. Everyone makes many mistakes, and you shouldn't hold that against them.
34. People like nika, krillin, and Pierre can teach you enough about MA to create your own system.
They leaked too much alpha. Nika is the true source; its influence on MA culture is much greater than people realize.
35. Zhu Su, Barry, and Arthur Hayes are not trying to psychologically manipulate you.
They all provide meaningful insights; you just remember the times they hurt you more than the times they helped you.
This is human nature.
36. In technical analysis, less is more.
SM @SMtrades_ has the cleanest charts in the cryptocurrency field; more of you should try to be like him.
37. You do not need technical analysis to be a good trader.
You need to study reflexivity and understand the thoughts of market participants.
If everyone who might buy is bullish, then they’ve all already bought, and the price of the coin may be about to drop.
38. Leverage is the fastest way to lose everything.
Cryptocurrency is either in easy mode or hard mode, with no middle ground.
Your goal is to survive in hard mode to enjoy easy mode. Using leverage in hard mode ensures you'll lose everything.
39. Holding too many coins is not necessarily a good thing.
Holding 20 different altcoins is no different than holding 3 different altcoins.
Have strong beliefs and consolidate your bets.
40. Most of you are better off fully investing in Ethereum or Dogecoin and then lying flat with your eyes closed.
Want to learn more useful knowledge.
Or newcomers don’t know how to play.
You can get on 🚂
If you want to catch this bull market, learning on the fly is definitely too late; it’s best if someone can quickly guide you.
Daily focus: ADA SHIB SOL XRP DOGE TRYMP PEPE LTC
