Real wealth is created during bear markets.
But no one shares practical advice other than "buy the dip".
Here's your playbook to make the most out of a bear market:
(+ a few sample portfolios)
One of the LARGEST Crypto Venture Capital firms:
Three Arrows Capital.
They're becoming insolvent.
With potentially $18b under management, this could be catastrophic for Crypto.
Here's a timeline of what's going on and the possible consequences:
↓↓↓
Playing Poker will give you an unfair advantage in Crypto.
But you don't have to play thousands of hands to reap the rewards.
Here are 17 most important lessons:
Most people suck at building a Crypto Portfolio.
They're too aggressive & get wrecked.
or they playing it too safe and leaving $ on the table.
Here's how to build a solid Crypto Portfolio in 2022:
(+ my personal portfolio recommendation)
The past few days:
• Ex-PM of Japan assassinated
• Sri Lanka's economy collapses
• Bank runs are happening in China
• USD = Euro for the 1st time in 20 years
"I have a bad feeling about this"
The worst events in Crypto history:
• Mt. Gox Hack ('14)
• The Dao Hack ('16)
• Terra Luna Collapse ('22)
• FTX sells to Binance ('22)
• 3AC Collapse ('22)
3 of the worst events in in Crypto happened this year.
If you survived this year, you've earned your stripes.
You're going to get wrecked if you don't understand Tokenomics.
But what IS Tokenomics and what should you watch out for?
Here's everything you need to know about Tokenomics:
(+ a free Tokenomics checklist)
A Tornado cash developer is still in jail without formal Charges.
SBF committed $10b fraud and is playing video games in the Bahamas.
This is the world we live in.
Doing your own research is the most powerful Edge in Crypto.
But most people suck at research.
Here are my Crypto research frameworks to make it easy:
(so you don't have to rely on influencers)
Making too many decisions in Crypto is exhausting.
I started making more money once I learned about Systems Thinking.
Here's your playbook for creating Systems in Crypto:
(plus it stops emotions from killing your gains!)
The right DeFi tools can help you find alpha and save you hours each week.
Here's a collection of the best FREE tools in DeFi:
(Some of which you've never heard of before)
🧵
If you invest wisely, Cryptocurrency can give you life-changing gains.
But how should you be investing if you have a small budget?
Here's your playbook to make the most out of a small budget:
There are 4 Phases of a Bull market.
We’re nearing the end of Phase 1. Here's how to play market cycles so you don’t screw up your best chance at generational wealth.
Here’s your playbook for:
1) Navigating each phase of the bull market
2) Maximizing your profits
3) and
The AVAX 🔺 ecosystem is set to 🚀 this year.
I've spent the past few weeks researching the newest dapps and protocols on Avalanche.
Here are the 5 with the most potential:
Everyone thinks Crypto ppl only want Lambos.
What we really want:
• Not to worry about debt
• Spending time with our loved ones before they're gone
• The freedom to travel without asking a boss for permission
Money doesn't bring happiness, but it gives you options.
Near Protocol ⋈ is the most hyped Layer 1 right now.
Can it become the next Ethereum, or are Venture Capitalists using you as Exit Liquidity?
Here are my thoughts and analysis on Near's potential:
Andre Cronje is the Godfather of DeFi.
He & his partner are leaving the DeFi space and will be shutting down several of their projects.
Rugpull?
WTF happened?
Here are my thoughts:
The worst events in Crypto history.
1. Mt. Gox Hack
2. The Dao Hack (Ethereum)
3. Terra Luna Collapse
We will learn and we will adapt.
Crypto always bounces back.
99% of
@wonderland_fi
investors have NO IDEA how many projects are in the pipeline from
@danielesesta
and
@0xSifu
The devs HAVE been doing something - you just haven't noticed.
Here's a 🧵 of what's coming soon to
$Time $Memo $wMemo
Some tokens might go to $0.
Others might break all-time highs in the next cycle.
How can you know which one is which?
Here's a framework for evaluating possible bear market winners & losers:
You want to buy the dip.
But your funds are low & inflation's killing your disposable income.
Here's a playbook to online side hustles that work in 2022:
(Don't worry, I'm not selling you anything)
My Thoughts:
At 27, everyday becomes Mundane.
Ppl go to a 9 to 5 job - They’re trapped by their mortgage and responsibilities.
They drug themselves with Netflix, video games, and watching sports.
You die when your dreams die.
You die when you accept “this is how life is.”
Most Crypto traders aren't profitable.
Why?
They haven't mastered their trading psychology.
And their emotions are sabotaging their potential profits.
"Trading in the Zone" is the Bible of Trading Psychology.
Here are my biggest takeaways (including common mistakes):
“An expert is a person who has made all the mistakes that can be made in a narrow field."
But making mistakes in DeFi is painful, expensive, and no one's eager to teach you.
Here are 17 common mistakes I wish I knew before I started:
It’s my 3-year DeFi anniversary.
Here are 31 pieces of wisdom I wish I could send back in time to myself:
1. Taking profits and putting them into riskier bets isn’t taking profits - that’s just gambling. Lock your profits into BTC, ETH, stablecoins, and fiat.
2. Projects with
Are you confused about $time transitioning to $wMemo?
Don't be - I wrote a guide for you.
• What is wMemo
• The BENEFITS
• Why
@danielesesta
wants us to Wrap it
• How to TRACK your rebases
• WHEN can you stake your wMemo for revenue share
This 🧵 will answer everything
Most people will end this bull market with $0.
They'll make preventable mistakes that cost themselves life-changing wealth.
So here are 15 mistakes to AVOID in bull markets (and how to prevent them):
Want to find the next 10x gems?
You can easily do it on your own using DeFiLlama - for free.
Here's a step-by-step guide to finding your own gems in 2023:
(includes little-known features)
North Korea is behind the largest Cyberhacks ever.
Now they have their eyes set on the Crypto industry.
They've exploited
• Ronin Bridge for $625m
• Harmony Bridge for $100m
How did one of the poorest & most isolated nations develop an army of hackers?
It's a wild story:
In 2016, several of my millionaire friends suddenly went broke.
In January, we were popping bottles at Hakkasan. By the year's end, they asked if I knew if anyone was hiring.
I’ve seen this rapid rise and fall scenario play out constantly (especially in Crypto).
People earn
I've seen some ppl making fun of others who get excited over "$150" airdrops.
You don't know their story or situation. Let them be happy.
$150 is 2 weeks' pay in some countries.
Their $150 pays for food on the table.
Your $150 pays for your wife's dinner with her boyfriend.
Have you ever wondered why some Tokens crash in price and others don't?
Knowing this will help you decide if you should HODL or cut your losses.
Here's a checklist of 17 reasons why tokens tank:
Most people suck at yield farming.
What if you could outsource your yield farming to a team of professionals?
That's what "Farming as a Service" aims to do.
Here's a breakdown of what FAAS is and how it works:
Now Crypto Twitter feels like a party at 2am.
A lot of people have gone home, and it's the crazy ones sticking around.
I'm ready to keep partying if you are.
"DeFi's too complicated to be adopted"
I remember when:
• It took 45m to download a song
• When old ppl we're scared of ordering things online
• I had to stop my gaming bc my Mom needed to use the phone.
Don't underestimate obsessed nerds + time + constant iteration
Do you know who I respect the most in this space?
The mf'ers who are trying to make it in Crypto with a full-time job and kids.
No time and constantly sleep-deprived. Market research means checking Twitter and CoinGecko while on the toilet 😭.
I see you guys - RESPECT.
The Most Undervalued Ecosystem in DeFi:
Aurora.
The TVL has grown by 150% in the past 30 days - it's not slowing down.
If you're reading this, you're early.
Here's my analysis of Aurora (and some DeFi plays):
My advice is to spend time (and lots of it) reflecting on what you want in life.
So much of what we “wanted” was due to society’s conditioning and our parents projections.
You can’t get what you want in life if you haven’t figured out the end goal is.
Here's everything you need to know about risk management in Crypto:
• Risk Management Frameworks from business, trading, and poker
• Risks in DeFi you're not even aware of
• Reducing risks w/o sacrificing too much yield
🧵
Knowledge is power.
But only if you learn from the right sources.
If you want to learn more about cryptocurrency and become a better investor, read these 8 books:
I wanted to buy Amazon stock 10 yrs ago.
It was $190, but I wanted to wait for a dip. After a few weeks of waiting, I said screw it and bought it for $210.
Today it's at $3,000+.
Want that blue-chip crypto? Buy it and move on.
Time IN the market > Timing the market
A few Sample portfolios for the bear market:
• Figure out your balance: stables, low risk, medium risk, & high-risk plays.
• Then decide on Projects.
I created a few sample portfolios for you to look at.
(education, not financial advice 😏)
Systems over Emotions
Examples:
• Take 40% profit when degen coin 2x
• Buy ETH /w fiat on the 1st of every month
• No coin can be >15% of my portfolio
• Degen coins max 5%
• Must wait 3 days before purchasing a coin. Stops FOMO
Do you have any systems you use?
Daniele
@danielesesta
announced today that $Time is moving away from the $OHM Model
We are turning into a SPAC and implementing Ve(3,3) mechanics
• What is a SPAC?
• What is the Ve(3,3) model?
• What does this mean for
@wonderland_fi
investors?
Here's 🧵 of my Speculation
One crypto sector is estimated to reach $16 Trillion by 2030:
Real World Assets.
This will be the CATALYST for mainstream Crypto adoption.
Here's your 2023 guide to RWAs (and the top protocols):
If you want edges in DeFi, study:
• Tokenomics
• Game theory
• Cryptography
• Decision making
• Cognitive Biases
• Macroeconomics
• Trading psychology
And don't be surprised if a 19-year-old YOLO'ing into meme coins outperforms ya.
It happens.
Want to level up in DeFi?
Here's a FREE goldmine of Resources:
• Skill Trees & Reading Material for Beginners
• Recommended Books / Podcasts
• Recommended DeFi Tools
• My Investing Principles
• My Twitter Threads
• & more to come
Go to ->
Crypto feels like Game of Thrones right now.
There's war among the 7 kingdoms: Binance, a16z, Alameda, Jump, Justin Sun, 3AC, Coinbase, etc.
The Many-Faced God is the Fed, and he demands sacrifices.
And we're the villagers/knights that go to war and are getting killed.
I recommend Alt Layer 1's - they are the best risk vs reward ratios now.
• 🔥: ETH / AVAX / TERRA / FTM / COSMOS
• 👍: CRO / SCRT / NEAR / METIS
• 👎: ADA / SOL / BNB / DOT
Don't get salty if I don't like your coin - Invest in whatever you want.
/2 Anchoring bias
Over-reliance on the 1st piece of information you have.
You heard about Bitcoin at $1,000.
You missed out.
Then it GOES UP to $5,000.
You don't want to buy it anymore. It's "too expensive" in your head.
Evaluate it based on its POTENTIAL not its PAST.
The Discords are quieter, and Crypto Twitter has a different vibe.
I've been through several bear markets before.
If I could go back in time and tell myself something, it would be this...
A mini-essay on Bear Market Stamina:
I don't like to get friends and family into Crypto.
It's times like these where you start getting the angry phone calls.
"What's going on with my investment?"
Most people can't handle the volatility.
Hackers exploited the Wormhole Bridge for $320m last month.
Hackers exploited the Ronin Bridge for $625m today.
Cross-chain bridges are MUCH more vulnerable than we've realized.
My Bull Market Strategies:
• Find low caps /w potential
• Take profits into blue chips. (like BTC, ETH, AVAX, LUNA, etc.)
• Hold my blue chips for years while staking & LP'ing them.
• Keep Dollar Cost Averaging each month.
• Keep Learning
What's your strategy?
I'm tripling down on content for the next few weeks.
Whoever's sticking around to learn and level up - I got you.
The ants will work while the grasshoppers play.
Warren Buffett & Charlie Munger used mental models as an edge to become the greatest investors in history.
There are hundreds of mental models.
I found 14 that will help you become a better Crypto Investor:
(including common investing traps)
I'm starting to see people copy some of my writing & threadooor styles.
Good!
Seriously, I'm happy that I'm worth imitating.
Let's all fucking win and support each other.
Life's too beautiful for toxic behavior and drama.
0 to 100k followers in 2 months!
It's surreal.
I don't know what my end game is.
But I pledge to work hard, be honest, and do everything I can to help you win.
Let's fucking go!!!
You hold your portfolio despite the dips.
You spend the next few years buying.
You keep learning even though it feels like everyone left.
The bull market comes back in a few years, and your efforts have paid off.
Everyone:
"Wow, I can't believe how LUCKY you got with Crypto"
The most profitable narrative in the bear market:
"Real Yield."
But what is it and how does it work?
Here's a Breakdown and 7 Protocols that Fit the Criteria:
(including a few hidden gems)
Balaji is betting $1m that 1 BTC is > $1 million in less than 90 days
It's a $1m marketing stunt - everyone's talking about it, and he'll go on a huge media/podcast tour.
• Raises alarm for hyperinflation
• Makes $ back from price appreciation
• Eyeballs to his new podcast
As people slowly disappear from Crypto Twitter, the ones left here will feel a special bond with one another.
It’s like generational, Crypto tribalism united by pain.
Be nice to the next generation though - they’re our exit liquidity. 🤣
According to
@danielesesta
and
@0xSifu
,
@Wonderland_fi
is moving towards a revenue-sharing model.
We'll be able to STAKE wMEMO and earn rewards and Airdrops.
What would that LOOK like?
I created a mockup based on what I know.
100% speculation
What do you think?
A few crypto rules I follow:
• Buy ETH every month
• Diversify my stablecoins
• Take profits when a coin 2x
• Pre-determine my risks before investing
• Wait 24hrs before buying a new coin (stops FOMO)
• Don't respond to hot girls in my DMs
What are some of your rules?
Just woke up. I'm feeling sick to my stomach over Luna.
What's worse is reading about all the thoughts of suicide online.
It was a bad trade - you can always make more money.
Hell no this isn't worth taking your life over.
My heart goes out to everyone affected.
@zhusu
@KylesLdavies
3AC Backs Terra Luna
Before the Terra collapse last month, 3AC spent $559.6 million to buy Locked Luna.
It's now worth roughly ~$670.
There is SPECULATION that the massive losses of Luna caused them to use more leverage to earn it back.
Also known as "Revenge trading"
You spend hours each day researching.
You keep buying despite the market bleeding.
A year later it’ll all pay off, and everyone will talk about how “lucky” you are.
Have you ever:
• Fomo'ed into a COIN at all time highs?
• Sell your bluechips for shitcoins?
• Lose 50% on a coin, and lose another 45% bc you didn't cut your losses?
That's cognitive biases working against ya.
They're "thinking" errors aka bugs in your brain.
Do you have trouble evaluating protocols?
Enroll in my course "The Analysis Apprentice".
• Gain more confidence & clarity when you analyze a protocol
• Learn how to rely on your own analysis
By the way, it's 100% free.
Get Instant Access:
@zhusu
@KylesLdavies
The Dangers of Leverage
"There are three ways a smart person can go broke: liquor, ladies, and leverage." - Charlie Munger
Token prices have crashed over the past few weeks.
If your collateral value is lowering, you're at risk of liquidation.
gm
I started my Twitter a few days ago. 0 followers.
Yesterday I wrote a few threads on
@Wonderland_fi
. All the FUD pissed me off.
And then
@danielesesta
and
@0xSifu
retweeted.
Now I'm up to several thousand followers.
You'll never feel ready.
Shoot your shot.