A few tips to make it big in #crypto:
#1 ALWAYS check total supply. Make your predictions with the assumption that the supply is already fully diluted.
ie. If the coin has 1% in circulating supply, the inflation potential is 100x (9,900%). Significantly reducing value prop.
#5 NEVER chase.
At the time of writing, there are 13,648 cryptos live according to #cmc. There is ALWAYS something around the corner.
If you’ve missed a good entry and the coin is up significantly, the chances of you becoming a bag holder also increase significantly. Move on.
A few tips to make it big in #crypto:
#1 ALWAYS check total supply. Make your predictions with the assumption that the supply is already fully diluted.
ie. If the coin has 1% in circulating supply, the inflation potential is 100x (9,900%). Significantly reducing value prop.
#4 FA > TA in overwhelming majority of cases. Technical analysis can be useful to determine when to enter or exit a position but should never be used on its own. Fundamental analysis should be your main tool.
Check: websites, socials, tokenomics, reputation, roadmaps, utility..