Here're 5 Things That Big Players Hide From You, But You Need To Know To Make Money In Crypto
Only 1% actually makes money in crypto, while the rest lose money to whales and VCs.
Just a few principles distinguish winners from losers.
Here're 5 things that big players hide from u, but u need to know to make money in crypto 🧵👇
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➮ Crypto is far from a fair game, and 99% of crypto investors/traders will just become exit liquidity for leading major players/whales
How to avoid it? Study the crypto market principals
Here are 5 principles that whales/insiders don't want you to know:
1/➮ DeFi protocols don't need a token
✧ Most projects have the following token model: facilitates governance division or boosts liquidity and supports the development of a 2ndry market
✧ Ideally, this is the case, but in reality, many projects end up creating a token just so the team can profit from it.
So how to avoid such projects?
➮ Here are a few things you should make sure of before buying a project's token:
1. Price increase corresponds with user growth
2. Addresses a market demand
3. Edge over similar protocols
4. Serves a purpose beyond profits for holders
This is what a good project should have
2/➮ Many projects are nothing
✧ In crypto, there are thousands of projects, and obviously, not all of them are truly useful.
✧ Many have a beautiful cover with incredible plans/roadmaps that will never happen.
So, how do you distinguish a facade from a truly good project?
➮ Here are a few things you should ask urself before buying a project's token:
1. Is the team real and who are these people, what experience do they have?
2. Who backed the project?
3. Is their valuation reasonable and what problems does the project solve?
3/➮ VCs make money by investing in private sale rounds
✧
4/➮ Whales do opposite of the market$BTC
