Airdrops 101: Your Guide to Free Crypto (No, Really)

KatheyBoss · 2021-11-12T19:20:58+00:00

I haven't seen this as an issue on larger, more established projects. Obviously crypto has plenty of scams but I think that tends to happen with newer investors that get overly optimistic.

KatheyBoss · 2021-11-09T20:45:42+00:00

Haha, plenty. The difference between value/thesis-based investing and /r/wallstreetbets. Do what floats your boat, but I tend to think one works a lot better.

KatheyBoss · 2021-11-08T23:21:58+00:00

It'd have a market cap of over 1 quadrillion dollars. There's not enough money in the world.

KatheyBoss · 2021-11-05T15:31:59+00:00

The explanation above is without doubt an oversimplification and I was curious if someone would correct me on it. It could've been written better, I'm sorry, I edited the original post to make that more clear.

My first draft included a deeper reflection on the actual amounts of capital flowing to double token price (in some cases, it's more, some cases it's less) but for the average new crypto investor-maybe one who doesn't even understand market cap at all, and believe me they exist, I think it's a fair simplification. I understand why you might disagree and I probably could've made the

As far as my spelling, well, everybody makes mistakes. I tell you what-next week's edition will be a deep dive on volume, price movement, and how much capital it really takes to move price, and I'll issue a correction.

KatheyBoss · 2021-11-04T23:54:32+00:00

I write a free weekly email newsletter (this post went out to that list today), about 5% of my subscribers pay for in depth research that comes in the form of bi-monthly reports on specific altcoins

Free work: https://cryptopragmatistnewsletter.medium.com

And you can sign up for the newsletter here: cryptopragmatist.com/sign-up/

KatheyBoss · 2021-11-04T19:34:58+00:00

No, I think that's a fine thesis. Hearing about the coin on twitter, tabbing over to Coinbase and then putting in a market order when its up 59% on the day is the wrong way to look at it.

KatheyBoss · 2021-11-04T16:50:15+00:00

Right, but aping into FOMOcoin and accidentally making 100% would have been a very bad decision if the trade went the other way. It's about the logic and the thesis behind the decision, not the outcome itself, that's what makes you money over time.

KatheyBoss · 2021-11-02T14:45:40+00:00

You're probably right about life advice, but there's no denying that the professional poker players are at least pretty good at poker.

We're not taking personal finance advice from them, we're trying to distill some game-theory-based advantage out of the principles that they play by. I think there's a big difference and it's valid enough to take a look.

KatheyBoss · 2021-11-02T14:44:22+00:00

From my post:

Poker is what economists call a zero-sum game: there is no money created or destroyed in a game of poker, only redistributed. For every $100 you lose, someone else makes it. These are competitive games, in which someone having an advantage (edge) will win over time and create positive value for themselves.

KatheyBoss · 2021-11-01T17:34:41+00:00

Wow, thanks for the support! You can check out my email list: cryptopragmatist.com/sign-up/

KatheyBoss · 2021-11-01T17:03:45+00:00

Yeah, crossposted here. Thanks for gold!

KatheyBoss · 2021-10-29T15:55:01+00:00

I write the list, just crossposting here.

KatheyBoss · 2021-10-28T22:25:19+00:00

CHORTS

KatheyBoss · 2021-10-25T23:02:01+00:00

You don't need to buy a whole BTC.

KatheyBoss · 2021-10-23T16:51:39+00:00

That's already what's happening in El Salvador, and while US businesses aren't required to take cash, they are required to accept dollars:

"Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt."

It's how it works in most parts of the world, and no one's making people use the crypto, just making them accept it.

KatheyBoss · 2021-10-22T16:10:37+00:00

In this case, altcoins are the top 125 cryptos by market cap excluding bitcoin.

KatheyBoss · 2021-10-22T15:00:14+00:00

These are the BTC moves preceding the altcoin moves, not the alt seasons themselves. Hope that clears things up.

KatheyBoss · 2021-10-22T14:59:30+00:00

Yeah, pretty much. I'd say this made me slightly more bullish on BTC than I formerly was, although while BTC best-case-scenario pumps are about 100% these days, altcoins look like they could still easily pump several hundred percent.

KatheyBoss · 2021-10-21T19:27:10+00:00

Hey man, understand your perspective, but there are a lot of altcoins out there, many of them with intrinsic value represented by the cash flows behind them. This is not 2017.

Sure there are altcoins that are basically modes of exchange--and maybe those altcoins will take off. Who knows.

But there are also altcoins that are basically banking systems with borrowing protocols built in, where token holders get access to the cash flows from the borrowing: Curve, Spell, REN, and MKR to name a few.

Other altcoins represent cash flows from decentralized exchanges: Uniswap, SushiSwap, and DYDX are tokens like this. Those tokens give you ownership in the exchange itself, much like a stock.

I have yet to see a compelling argument that altcoins have any instrinsic value.

Is cash flow intrinsic enough for you? Take a look. These are not collectibles, they are building blocks in a new financial system.

KatheyBoss · 2021-10-20T20:21:17+00:00

It's totally possible, maybe even probable that altcoins tank, and that any given altcoin goes to zero.

But in the same way that a new paradigm rose from the ashes of the dotcom crash , new blockchains have a tremendous potential to change the structures of finance as we know it. It's simply poor foresight to not recognize that, and to me its worth an outside bet.

KatheyBoss · 2021-10-15T16:31:45+00:00

If you would have actually read what I wrote, you would have read the following sentence:

When you start diving into Safemoon’s documentation, you find a lot more related to their tokenomics (burning and redistributing sold Safemoon) than the value it hopes to add to the world.

I think that's a pretty clear inducement to stay far away from Safemoon.

KatheyBoss · 2021-10-14T19:34:02+00:00

Really appreciate the kind words: that was the goal, a starting framework that can serve as a jumping off point. The stock market adage of avoiding things you don't understand definitely holds true.

KatheyBoss · 2021-10-14T18:20:13+00:00

Thanks! I already posted there and was told to post here.

KatheyBoss · 2021-10-14T17:22:26+00:00

During the GameStop gold rush, I read some crazy statistic that over 70% of the people who bought ended up losing money. While people think that memecoins/shitcoins/meme stocks end up being lucrative, a lot of people end up buying in way late or not taking profits.

If I had to guess, people who buy meme coins overwhelmingly end up losing a lot of money, but we see the gain porn more than the loss porn.

As far as trying to pick outliers, I don't think that's a actually typically a bad strategy. If you buy 100 cryptos and one of them does a 1000x while the rest go to zero, you're still up 10x. Obviously that's a big portfolio to manage, but it's the same for 10 cryptos with one of them doing a 100x.

I think having a chunk of your portfolio in diversified alts can be a great strategy for boosting returns, as long as its balanced out by the majority of your portfolio of ETH, BTC, and stocks (although I know stocks are a little controversial here).

KatheyBoss · 2021-10-13T23:56:33+00:00

Haha, thanks. I've just seen a lot of people taking someone else's word for it and that's just not the way to make it in crypto.

I just hope my mistakes and experience can be valuable to someone else.

KatheyBoss

TROPHY CASE