Hope has returned
It’s time to work harder than you ever have before.
For the first time in what feels like a lifetime, I'm starting to notice that people are feeling something other than sheer terror, fear, and regret. Hope is starting to return to the crypto market.
With an injection of tokens from Blur and the news that Hong Kong is making crypto trading legal, we are starting to see green candles that not even Gary Gensler, with all his might and scary rhetoric, can turn red.
The stimulus provided by Blur, with promises of ongoing free money to NFT traders, should help support the NFT market for the time being. Additionally, Mongraal, a Fortnite Pro and famous streamer, winning Dookey Dash should provide an ample story to onboard the next generation of NFT addicts.
Projects that have been building in stealth or out in the open will look to seize the moment, spurred on by the success of Blur and try to grab some of this new liquidity. Maybe they airdrop or issue announcements aimed at capturing the fleeting attention of market participants.
With new liquidity, some bullish headlines, and upcoming token launches on the horizon, great opportunities abound, more so than in months.
The best news is, many of the bears are still in hibernation.
When the masses return to crypto after hearing about it on Facebook, you want to be 100 steps ahead.
This means it's time to work harder than you ever have in your life.
Some ideas as to how you can get to work:
Review https://defillama.com/raises to see what new projects are appearing.
Scour Twitter to see which new projects influencers are following.
Join Discords, be helpful, ask questions, learn, and research what projects are doing.
Find likeminded individuals to help spread out the research load. Ideally you want a group of people who are intellectually curious but also willing to provide intellectually honest feedback if they think you are wrong.
Draw up a timeline of events. Write out key dates for every project you're interested in so you can plan and structure your time. It's no good focusing on something launching in six months when there may be similar opportunities coming next week.
Finding projects early is typically far easier and much less risky than simply trading. Plus, you have the added benefit of learning more about a market or platform and truly understanding if it is good or just hype.
Your edge here is using your ability to read when others won't. Blur, for example, was a multi-five-figure airdrop for anyone who took it seriously and used it daily, even with very little starting capital.
The overwhelming majority of people in crypto are reactive, waiting for news to hit them and making a decision based on emotion, FOMO, or simply what the narrative at the time tells them.
Your job should be to be proactive. Know in advance what the likely scenarios could be, have a plan of action for each one, and think from the perspective of game theory.
But above all else, please just read things. The vast majority of money I've made in crypto has come from reading things that others won't!