Lecture on Lessons Learned in Crypto Investing

Speaker's Background

• 9 years of experience in crypto.
• Experienced losses through mistakes, scams, and market downturns.
• Also gained wealth, peaking at over $1.6 million.
• Recovered from a major loss and applied lessons learned.

Key Lessons Learned

Lesson 1: Understand Different Investment Styles

• Short-Term Trading
  • Trades last from minutes to weeks.
• Long-Term Investing
  • Multi-year horizon, less frequent trading.
• Medium-Term Investing
  • Somewhere in between.
• Importance of understanding the time horizon of the advice being followed.
• Long-term investment is often the simplest strategy.

Lesson 2: Play When Fundamentals are Favorable

• Invest when market fundamentals are strong.
• Recognize "seasons" in crypto (bull vs. bear markets).
• 2017, 2021, 2013 were profitable; 2018, 2014, 2022 were not.

Lesson 3: Risk Management Over Prediction

• Investing is a strategic game akin to poker.
• Importance of assessing assets and managing risk instead of predicting outcomes.

Lesson 4: Accept that You Will Be Wrong

• Mistakes and wrong investments are inevitable.
• Success is about managing these mistakes.

Lesson 5: Accept Volatility as Part of Crypto

• Be prepared for significant portfolio fluctuations.
• Volatility is normal and expected in the crypto space.

Lesson 6: Most Tokens Won't Survive

• Majority of tokens are not sustainable long-term.
• Necessary to perform due diligence.

Lesson 7: Contrarian Investing

• Best times to buy are often when the market sentiment is negative.
• Avoid following the crowd blindly.

Lesson 8: Importance of Position Sizing

• Never go all-in; restrict investments to certain percentages of your portfolio.
• Exceptions may include Bitcoin.

Lesson 9: Beware of Influencer Bias and Pump-and-Dump Schemes

• Influencers may promote tokens they own.
• Pump-and-dump schemes are prevalent.

Lesson 10: Understanding Market Cap and FTV (Fully Diluted Valuation)

• Market cap indicates project size, not token price.
• FTV reveals token supply details.

Lesson 11: Long-Term Crypto Potential

• Belief in long-term growth of crypto market cap to over $100 trillion.
• Few tokens will thrive long-term; most are short-term opportunities.

Closing Remarks

• Encourages further learning and strategic play.
• Offers resources like Obsidian Council for further insights.
• Disclaimer that advice is personal opinion, not financial advice.