How to Assess Crypto Projects | What's Worth Investing in This Bear Market?
In this clip from Chain Chatter, we talk about assessing crypto projects and finding places to deploy capital outside of our own projects. Investing in crypto is super hard. There are so many pitfalls... There is so much information being thrown at you. How do you decipher it and break through the noise?
There are a lot of different ways to invest in crypto. You could take the most risk-averse approach and simply hodl stablecoins like USDT or HBD and liquidity pool them to earn yield.
Or you could take a slightly riskier approach and gain market exposure by say, owning BTC exclusively.
Or you could heavily weight yourself in BTC and then own some diverse altcoin exposure. Or even only altcoins and no BTC.
Regardless of how you choose to do it, there are a lot of options. In this clip, we talk about:
- Dan: There are 2 different investment types:
*Spotting good business by looking at founders, team, tokenomics, usually L2
*Base Layers - When immersing on crypto there's an info overflow, it's easy to get scattered
- Hive is censorship resistant, that's the value
- When investing, you're competing with VCs and you have a shitty hand
- When deciding where to invest, base your decisions on your values and your convictions, invest on projects that align with that
- No longer competing against VCs, but against his knowledge and values
- Matt: Everyone in the space puts money into crypto, especially devs
- BTC with Less risk is the retirement savings, everything else is a higher risk investment
- Supporting cool projects on hive or people he knows, buy cause they're fun not because of the ROI
- Mainly invest on projects he uses: If there is an actual product or service that people would pay for without ROI, then that's a good idea
- Products with use case, not projects that have no intrinsic value
- Thorchain experience
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Thanks for this video. I am really trying hard to understand everything. I love the cryptocurrency, and really love to invest in it, though I am still working hard to earn money to invest in cryptocurrency.
Maybe I need a little explanation on this 👇
When immersing on crypto there's an info overflow, it's easy to get scattered.
I also saw this and need a little clarification on how things work here.
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
👆
I think I have only done the first two steps. I really want to be a full member here.
I await your response.
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
How does it work? Please shade more light.
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I say, at this point in bear market you are just farming hive.
I will discourage that.