I’ll start this one off by saying that it is by no means financial advice, and I am not going to tell you which crypto projects to buy, nor what I may or may not be currently invested in.
A few of you have been emailing me recently about which projects are worth backing, what the future of bitcoin is, etc.
The short answer is I do not know. With that being said, here are a few things I believe to be true.
1.) No one is an expert in trading crypto. It’s too young, and people that draw lines are giving best guesses. We are in uncharted territory every day.
2.) If you are going to back a token, make sure you know what it was made for. If you are investing in uniswap and sushiswap because you like that they have pink logos, you are doing it wrong.
3.) If you are trading daily over and over to incrementally make a small amount of money a large amount of money, you are opening yourself up for much more risk and pain than if you choose to invest in solid projects that will still be here 10 years from now.
4.) Listening to crypto youtubers is not doing research.
I am not a crypto trader. I think the promises of bitcoin and other proven projects are something to be excited about. I think that once this space is mature, a lot of people that read this will have lost a great deal of money thinking that trading the young market will get them rich. Usually, you have to already be rich to become even more rich from crypto.
Also if you happen to be someone that reached out to me about crypto trading, don’t take this the wrong way. Hopefully you found this and the advice that I emailed you guys back helpful. Simply put, I am just the wrong person to ask about this sort of stuff.
