@d12321 22 December 2022 more from that month

The year is coming to an end, it's time to review the main mistakes so as not to repeat them in the future 👇 1️⃣ "Smart Money" turned out to be "Stupid Money" The largest funds and manipulators turned out to be ordinary greedy "hamsters" with large capitals and insider information. But even this did not help Alameda, Terra, FTX, 3AC and others avoid bankruptcy. Don't invest in projects just because there are big names behind it. 2️⃣ Even the biggest ones go bankrupt After the collapse of LUNA, FTX and 3AC, no project in the crypto market can be considered reliable. Any investment in crypto is a risk, even if you hold USDT or keep funds on the most reliable crypto exchange. 3️⃣ Invest in what you use Protocols with cool innovative technology dropped by 95%+. Polkadot, Flow, Near broke the tops back in 2021, and now they have folded 10 times. On the other hand, exchange tokens (casinos are always in profit), ETH (still top 1 network in DeFi) and TWT (top 1 mobile wallet) were less affected. 4️⃣ The cult of personality is a dangerous bet Projects with a strong personality behind them depend on the leader. Do Kwon, Su Zhu, Sam Curly - all once were on the lips of every kryptan. Many funds have invested simply because "well, there's Do Kwon or Sam." In this regard, you should not blindly invest in projects if there is CZ or Vitalik Buterin. 5️⃣ Algorithmic stablecoins = pyramid scheme (for now) - UST reset - BEAN hacked - USDN/USDD lost peg - FEI/USN closed shop You should not fly into stablecoins that offer 50-100% per annum. If you don't know the source of income, you are probably the source. Hold USDT, BUSD, USDC and DAI. 6️⃣ Bridges are the most vulnerable place in the crypt The biggest hacks and hacks were on bridges: Ronin ($624M), Binance Token Hub ($500M), Poly Network ($600M), Wormhole ($326M)... Store assets in native networks if you don't want to repeat the history of BTC on Solana. It now costs $844. 7️⃣ Do not risk 100% capital for a 10% return per year In crypto everything = risk. Investors lost all their capital trying to earn 8% in dollars on FTX, 20% in UST, 5% in ETH on Celsius... If you delegate the storage of crypto to a centralized platform for a long period, you can say goodbye to them. Too unfavorable risk/reward ratio. 8️⃣ Don't try to catch the bottom You will never have a perfect entry point, and trying to catch the timing can turn into FOMO. A simpler strategy is to use DCA in a bull market in a bear market. Don't blame yourself for mistakes. Everyone who stays in the market will definitely earn. Some earlier, some later. Learn from the experienced, learn from your own and others' mistakes. Treat every loss of money as tuition fees. An MBA costs $50-$60k per year. 🫡