5 tips for crypto investing

Updated: Oct 1, 2021

These are a few of the most valuable lessons I've learned after spending years in the crypto space.


Find your niche

  • Enthusiasm is your best friend. Find projects that inspire you and become an expert in their field

  • Examples: NFT, DeFi, Privacy, Metaverse, Exchanges, Memes, etc.


Only invest in what you are a user of

  • Most common uses of crypto: Paying fees, Staking, DEX tokens, Governance

  • Many of the top cryptos like BTC, ETH, BNB are primarily used for paying fees

  • Staking is an easy way to earn interest from crypto you plan on holding

  • DEX tokens are valuable for governance and discounted exchange fees

  • Governance tokens are valuable if you plan on being a long-term community member

  • Key takeaway: You will feel more comfortable holding onto coins that you regularly use


Get to the front of the information totem pole

  • Join Discord and Telegram groups for projects you are invested in

  • Keep up with project development and interact with devs

  • The sooner you receive information, the greater edge you have


Invest in communities

  • Generally speaking - crypto projects with the strongest communities end up having the most success in the long term

  • Helping others goes a long way in the crypto industry; investing your time into communities is as valuable as investing your money


Don't lose interest during bear markets

  • Find a way to stay interested even when the price isn't pretty

  • The crypto market rewards passivity; the longer you hold, the greater your returns are

  • Bear markets are where the real money is made


Keep these tips in mind and your chances of making money in crypto will skyrocket. The key to successful crypto investing comes down to finding communities that you are genuinely interested in and learning as much as you can about them. The more knowledgeable you are about a project, the higher conviction you will have in your investment. Crypto bear markets can be extremely rough, but previous cycles tell us that holding onto projects with strong network effects can generate the biggest returns.

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