all it takes to build a fantastic portfolio is a few well-calculated bets you don't need a th000 trades you don't need to be out here day trading on one minute charts Warren Buffett said at best if you want to win in the investment game you need to understand patience because to challenge a bit here or kind of reframe not everyone is you so not everyone can go to meow before the token launches and say Hey I want to get involved right no I disag I disagree and I'll tell you as an investor one of the most important things to understand is that you don't want to get wrecked cuz if you get if you don't have chip like to to play the game basically you you can't play the game the next time right so how would you advise people to construct a crypto portfolio not to optimize for the THX but just to survive because what we've been talking about since the beginning is survival right one you need to bet on teams you can't bet on what you see going up on coin gecko when I started buying B&B in 2 18 20 yeah 2018 for $2 I was betting on CZ when I bought pancake swap in 2020 after doing Clubhouse with CZ and him talking about the pancake swap team you bet on Builders you bet on people because people are the ones that carry projects one two you need to bet on narratives and Trends you do not want to be out here in a place that has no attention and no liquidity so that's the first part the second part is understanding where a certain project is in their cycle are they in their Inception stage are they in the area where it's just getting built are they already listed on binance which tends to Signal a a top or t tends to Signal a area of less opportunity and realizing how Venture Capital Works how raising money Works inside of crypto projects and how token allocations take place and realizing that once projects usually hit big listings that's when token unlocks take place that's when big VCS dump on your ass and the goal is to not get wrecked you need to be as far right as close to the builders as possible as early on as the stage as possible and betting on those individuals I very rarely will go out and place a token allocation on something that's already listed on coin market cap why because it's probably not at its Inception stage the the risk is a lot higher and with crypto your portfolio can get nuked 50% in two days so my objective is I need to find low risk High reward opportunities which means low market cap quality teams and teams that are building upon a strong narrative and a strong Trend that will inject liquidity in order for my portfolio to to continue to perform well and most most people they are out here buying when everybody else is buying they're out here buying in the bull market they're out here buying one of the taxi drivers you know checking his stock portfolio as his crypto portfolio while he's driving as opposed to buying when the blood is out and buying when the candles are green and pumped and buying out of fomo tends to be a recipe for disaster and Warren Buffett said it best but he talked about it in the stock market I think it applies to investing in general enal the concept of investing and if you want to win in the investment game you need to understand patience because wealth is usually transferred from the impatient to the patient and if you build with long-term people then there's a high probability of success that's why the people that get wrecked you usually sit down with them and you ask them what do you have on your portfolio well what do you know about the what do you know about this token what's the utility behind it oh there's something that's worth $300 million market cap well how much revenue do they generate oh5 Grand that seems like a price discrepancy right there between the market cap and the actual value proposition of the project I think these are a couple things that people need to be looking at and understanding that the markets will be here forever they're not going anywhere there's always more opportunity you don't have to chase opportunity you need to attract Opportunity by positioning yourself in the right rooms that's a key element actually I uh Jord Alexander he was he was on the podcast and one of the thing he was saying is in crypto there is so many opportunities that the only thing you have to do is to say no to Opportunities when it feels like they're too late because there's going to be so many others your only job is not hey I need to find all the best opportunities is I need to find a few ones early enough so I don't get wrecked right and if I feel that I'm too late I just say no because there's going to be others and the last part with that is all it takes to build a fantastic portfolio is a few well-calculated bets you don't need a thousand trades you don't need to be out here day trading on one minute charts you're going to get wrecked you're trading against algorithms you're trading against quants you're trading against people that are market makers you're trading against people that have order books and they can see the flows that's a very dangerous game I want to play a couple High sizable Bets with winning teams Jupiter for example with winning Builders with people that I trust and before I allocated multi figure play with with Jupiter my entire premise was I'm I want to sit down with the homie I want to see what his vision is I want to see what he thinks he's never talked to me about price he's never talked to me about anything except how many users he wants to onboard in crypto and that's the mission and rally that I'm that I'm able to put forth now I did the same thing with lucanet and pudy penguin and I mention mentioned this to you the name of the game is coming in getting involved with projects and teams when the blood is in the streets when everybody's fighting it when everybody is running for the door that's when you want to find the winning teams and the people that have a long-term vision and rallying behind them sticking behind them and empowering them to move forward so to challenge a bit here or kind of reframe not everyone is you so not everyone can go to meowo before the token launches and say Hey I want to get involved right and I'll tell you okay no no Luke was involved in Jupiter afterwards right he would did interview and stuff but after after La is very important yes after no no no not before just clarify that no no so here's the beauty with crypto you have the ability to talk to Founders you can get into the Discord you can get into the communities and you can get to know them right at a personal level just because I'm Luke Belmar and just because I go and I have the opportunity to sit down in person you still as a community member look how how many people from your community have become either team members or become moderators a a ton I think you can get involved absolutely many many many many or I would say like that's why I was more saying reframe I would say if you can't for some reason there is an O amazing opportunity which is these Cycles there are bare markets where you have these amazing teams that have been building amazing things at very depressed price and you can go in there and talk to the people and look what's happening and for example Sol is a great example and probably I mean a lot of other project that are doing really well now that will do well there is crazy opportunities during bar markets so much so that there is even some guys another guy who was on the podcast Arthur Chong from def Finance Capital One of the things is focusing on is liquid investing what does that mean I just buy tokens that are already listed right why because I can get them in the bare Market it's much more liquid I can sell them whenever I want and I can get them at an amazing at an amazing price because of these Cycles right so again like even if you can't get in at the very beginning there's opportunities afterwards because there is these crazy Cycles where you can go in there and talk to people because doing a bird market no one is looking almost no one is looking so the the the founders are going to be basically with that that that as an investor in crypto you have the ability to communicate with found the founding team so much more than amazing amazing and you can get involved with your Investments at a bigger level than you would in any sort of traditional Mar when since when can you uh message the CEO of PG you know and PNG and say hey how's it going buddy no no not possible right because like again I I I feel like many in many many ways right um most companies have lay and lay and lay and less hierarchy right I'm saying you know right but what I found to be very interesting for example in the in the B market right Last ccle Man toy was there just no seriously toy was famous he was on Twitter 24/7 right I we we'll be we'll be hanging out somewhere and he'll be like on his phone you man he adding to Twitter he's replying to everybody on Twitter versus talking to people you know right and that I feel like I feel like and for me and Stu like you know I I do a Twitter space every um every every once or twice a week right you know I I like everyone talk right I get to speak right you know you you you everyone can message me in the Discord right I get a notification right don't spam me okay thank you but then but then um but then I I try to respond right that problem I think um yeah for example I'm very very often someone be like hey me this not working that's not working I have to fix it you know so I feel like that's actually a a very important thing about crypto and it relates to the whole Building Concept okay because now you have a chance to actually get involved in building something you know in in being part of something that you just had no possibility so as a result if you actually get involved the community right you can actually get to understand the project at a much deeper level that was never possible before