Hunting for crypto gems, those small/nano caps that haven't exploded yet, can change your life as a small investor and allow you to make a lot of money in a short time.
HOW TO PROCEED?
1/ Some want to get rich in a flash โก๏ธ, but understand that for every crypto millionaire, there are 100 people left behind by crypto. Unfortunately, you only hear about successes, the famous survivorship bias.
2/ The journey into digital gold is exhilarating, especially when seeking the next nugget โ๏ธ that will make us rich, but risk management is essential. Treasure hunters ๐ดโโ ๏ธ often make the same mistakes, and we'll list them.
3/
-Being too aggressive ๐คฌ
Not enough stablecoins and large caps.
-Being reckless ๐คช๐งจ
Cryptocurrencies are volatile ๐.
-Lacking knowledge ๐
Understanding market cycles is crucial.
-Being a follower ๐
Blindly copying influencers ๐งโ๐ฆฏ.
4/ To succeed and find crypto gems:
Become a specialist in a field (NFT, DeFi, AI, Ordinal,... etc.) ๐ต.
Don't be afraid to lose money to learn ๐.
Remember, if 20% of your cryptocurrencies increase by 10x and 80% collapse, you've doubled your money. ๐ฐ
5/ In cryptocurrency, finding innovative projects early is a skill and can be informed. ๐ Over time, you'll develop the intuition ๐ฝ to find your gems. ๐ Here are elements to help you develop and enhance this skill:
6/ Be comfortable with DEX.
Coins listed on platforms like Binance usually have a high market cap. If you want to buy a new cryptocurrency, you'll often do it on a decentralized exchange (Uniswap ๐ฆ, etc.).
7/ Don't want to use DEX because it's too complicated?
Use more confidential platforms like Gateio and Bitget. You can create your account using the links above.
8/ Aim for small caps (10 to 100 million).
If Bitcoin has a market cap of 1 trillion, it needs 99 trillion to multiply by 100. For example, a shitcoin with 1 million MC needs 99 million. This can happen quickly in cryptocurrencies.
9/ Monitor whale wallets ๐.
Watch big influencers on YouTube ๐ฝ๏ธ and set up notifications for every move in their crypto portfolio. For example, a YouTuber bought an unknown token just launched, $OHM ๐.
10/ Knowing he would talk about it in his next YouTube video ๐ฝ๏ธ, all you had to do was buy and sell to make X2 or X5. ๐ค But by reading the whitepaper ๐ and getting interested in the project, you could make X40 ๐คช because it was a good crypto project.
11/ Become an expert on X (Twitter).
Advanced search ๐ on X (Twitter) is your best friend.
Find your new favorite shitcoin ๐ฉ.
Choose a period a month after the token launch ๐.
Sort the search results chronologically ๐
12/ You'll find the FIRST people who talked about this cryptocurrency on X. Follow them for future gems ๐ they'll share. Follow enough pioneers, and you'll be among the first ๐ฅ.
13/ Found a promising gem?
-Go to X (Twitter).
Who are the followers?
-Are there known people, investment funds, DeFi big names?
Less than 20,000 followers on this crypto โ๏ธ? You're still early, go to the Discord ๐ค.
14/ Take advantage of Discord.
Navigating different Discord servers ๐ค can be time-consuming โณ. But it also helps find communities of enthusiasts ๐ค who help you find gems. The first cryptocurrencies are always the hardest to find โ๏ธ.
15/ You can check the following sites that list ๐ new projects:
tokensniffer.com
dexscreener.com
You can also use X @discobot3.
Once you've discovered a new cryptocurrency, dig ๐ฝ.
16/ Check the X account.
Get info on the official Discord ๐ค server.
Check partners ๐ค.
Analyze tokenomics ๐ in-depth.
17/ Optimize your research.
Your time โณ, energy ๐ชซ, and attention span are limited every day. Don't rely 100% on yourself to find rare pearls ๐ฆช in cryptocurrencies. Your network is there to work with you.
18/ Focus on a single niche.
There's so much information, whether it's DeFi, NFTs, AI, launchpads, or small caps... Specialize in one sector. Adapt your X, Discord ๐ค flow, and cut the noise ๐, get rid of unnecessary accounts.
19/ Follow the right investors.
Some "good" cryptocurrency investors invest long-term. Other "bad" VCs finance short-term projects to extract value from a bullish market. The list above could help you.
20/ Have patience.
Being patient isn't just sitting and waiting but taking initiatives while giving time for results to materialize.
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