Quick Summary of @Arthur_0x on the FTX Podcast. How he made an 80x return on his fund in 2 years of Defi investing. 0/8๐Ÿ‘‡

1/ Look for projects that have resilient founders that donโ€™t give up. $SNX and $AAVE survived the last bear market and adapted to make the most of the the Defi market as it took off.
2/ Look for big brain discussions early on with intellectually curious developers. Interestingly he cites Hal Finneys thought experiments on Bitcoins Total Addressable Market on Bitcointalk. Link https://t.co/X3ILNBxJXd
3/ Community focus. SNX reacted well to a frontrunning issue by Airdropping to those affected. @kaiynne stepping back shows how it is community managed now.
4/ Focus on fundamentals and be active. Look to help teams and you will build a reputation and get more information as a result. Being active also means using the app an seeing some evidence of traction. Become a power user.
5/ Finance is currently the main use case for blockchains, so he watches Defi primarily. This allowed him to go deep and avoid distractions. Blockchain gaming is promising but still a bit centralised. @AxieInfinity is their only non finance investment.
6/ He concentrated his bets initially. Easier to do when you have time to make bets on protocols that you deeply understand. Bear market was a good time for this.
7./ Current Opportunities? Custody and trading are not yet separate. Most ppl just use metamask. There are attempts to solve this. Fireblocks are working with Compound. Under Collateralized borrowing and capital efficiency have great potential. TrueFi are one example.
Sushiswap transitioned from bad actor to positive force in October 2020. Kept building, became top 5 DEX, 5 basis point trading fee to stakers could return your money in 1-2 yrs. Devs open to composability and community feedback. Rare fork that has gathered talented contributors.
Link to @FTX_Official Podcast. https://t.co/TqsWCoskTH

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The entire thread summarizes some important rules with respect to investing. Inspired by legendary traders,these will not only help you to grow wealth,but also make a smart investor. Hope you would like the thread & shower some love

Rule 1: Bulls, Bears Make Money, Pigs Get Slaughtered so chose your category wisely
Rule 2: It's OK to Pay the Taxes,Dont just wait for a 10% LTCG always. Sometimes you know it won't pay you
Rule 3: Don't Buy All at Once,Have patience market will give enough opportunities

Rule 4: Buy Damaged Stocks, Not Damaged Companies. Understand the diff b/w undervalued stocks and no value stocks. Everything cheap is not bargain,it could be trap.
Rule 5: Diversify to Control Risk,make sure you don't put everything into one stock,one sector or one asset class.

Rule 6: Do Your Stock Homework. You spend 5 hours to buy a cream on Amazon but research for 1 hr based on buying a stock on twitter! Well,do your homework.

Rule 7: No One Made a Dime by Panicking .Invest 2-10% and leave rest. If it falls,pain will be low,if moves,no FOMO haunt

Rule 8: Buy Best-of-Breed Companies,This doesnt mean you have to invest in the most expensive companies,all it means is you need to buy co.s with good earnings,promoters and sustainability
Rule 9: Defend Some Stocks, Not All
Rule 10: Bad Buys Won't Become Takeovers,STOP hoping

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