Here are the main 13 takeaways from the fantastic episode about investment rules & crypto cycles on my favorite “The Daily Gwei Drive Thru #9” by @sassal.eth & @eric.eth.
1. You need to have a plan to sell coins when prices go up and a plan to buy when they dip.
2. Never make a plan tied to amounts of money. Stick to the numbers and prices on the charts.
3. Where you cash out from crypto should let you take some money back to snap up cheaper assets in the next bear market 🐻📉.
4. Your experience doesn’t mean squat. Barry Silbert’s been in crypto since 2013. Always brace for the worst.
5. Never use leverage, not even with stablecoins.
6. Stick to your guns. The only sure long-term bets in the market are ETH and BTC.
7. Never hold meme coins for investment. Only for flips. They should only be in your portfolio for up to a year during a bull run 🐂📈.
8. Ethereum is like a global computer for AI. Soon you'll be telling your voice assistant: "Lend 50 USDC on AAVE using my ETH and send them to Anthony."
9. Soon you'll be telling AI: "Find me the best MEV in Ethereum, here’s the cash for it."
10. Liquidity fragmentation buried last cycle's L1 heroes, likely the same fate awaits most L2s.
11. By the end of its roadmap, Ethereum is self-sufficient without L2s. L2s are important, but don’t overestimate their impact.
12. If an altcoin in your portfolio hasn’t outperformed ETH in a year, maybe swap it for ETH.
13. Find yourself some hobbies not related to crypto: golf, hiking, cooking. And don’t listen to crypto podcasts while doing them.
Rodeyo
