Best Twitter thread of the day – August 21st – Cryptopolitan

Crypto is extremely lucrative, but it’s easy to get lost.

Here are 6 tips to help you succeed:

— Pothu (@cryptoPothu) August 21, 2022

1. Don’t tilt

Keep your head right. There’s so much going on all the time.

The crypto world moves at hyperspeed 24/7.

You’ll inevitably miss things.

Don’t get emotional, don’t get lost in charts, and don’t chase things you don’t understand.

— Pothu (@cryptoPothu) August 21, 2022

2. Be Weary of Hype

Hype dies out fast in crypto. Fast pumps and faster dumps are common.

Be wary. DYOR.

Don’t ape into things you don’t understand.

— Pothu (@cryptoPothu) August 21, 2022

I primarily buy tokens for projects I have conviction in.

There are different strategies to succeed, but finding high-quality tokens is a great one.

— Pothu (@cryptoPothu) August 21, 2022

3. Take Advantage of Airdrops

Airdrops are basically a hack.

You’re rewarded just for using products.

It’s great for everyone.

Protocols and chains get more users, and you get free shit.

It’s hard to learn about airdrops though. No one tells you that they’re gonna happen.

— Pothu (@cryptoPothu) August 21, 2022

4. Create your own alpha group

This is a group chat of 3-6 peers that are equally obsessed with crypto as you.

You get to build off of each other’s knowledge.

Every day, you trade ideas, debate strategies, and help each other on the emotional rollercoaster of crypto.

— Pothu (@cryptoPothu) August 21, 2022

5. Measure your performance against ETH

ETH and BTC are blue chips.

They’re the easiest way to buy crypto and make money.

I’m bullish on them long-term.

— Pothu (@cryptoPothu) August 21, 2022

If you’re serious about making money in DeFi and buying altcoins, measure your performance against ETH.

Would you have been better off just buying BTC or ETH?

— Pothu (@cryptoPothu) August 21, 2022

6. Figure out a goal

I have one goal in crypto.I never want to set foot in a corporate office.

I need enough money to live off of.

I want the freedom to go wherever I want whenever I want.

— Pothu (@cryptoPothu) August 21, 2022

1/ The Instagram user ‘karandinho’ has been stealing PNL screenshots from people on CT to pretend it’s his own to market his paid group called ‘ksbxp’ pic.twitter.com/u7DGk2q0G6

— ZachXBT (@zachxbt) August 21, 2022