99% of people who fail in crypto don’t know how to hunt for alpha.
Goode alpha can make the difference between going broke and life changing gains.
Here’s your guide to alpha hunting 🧵
Goode alpha can make the difference between going broke and life changing gains.
Here’s your guide to alpha hunting 🧵
Alpha hunting comes down to 3 things:
• Researching
• Understanding
• Networking
/2
• Researching
• Understanding
• Networking
/2
That's easier said than done.
In this thread I'll explain how to research, understand data, and network to find alpha.
/3
In this thread I'll explain how to research, understand data, and network to find alpha.
/3
Read Whitepapers
Go straight to the source. Whitepapers can reveal a lot about a project. Most of them aren’t too technical either.
If you want to be early, you have to read whitepapers. Information is on whitepapers first.
/4
Go straight to the source. Whitepapers can reveal a lot about a project. Most of them aren’t too technical either.
If you want to be early, you have to read whitepapers. Information is on whitepapers first.
/4
Follow Smart Money
Keep an eye on what VCs are interested in. Some of them are early to everything:
A16z, Dragonfly, Jump Crypto, Alameda Research, there’s a lot.
/5
Keep an eye on what VCs are interested in. Some of them are early to everything:
A16z, Dragonfly, Jump Crypto, Alameda Research, there’s a lot.
/5
Find wallets to track and keep an eye on what big players are doing.
Here’s my guide to whale watching:
/6
Here’s my guide to whale watching:
/6
Etherscan is a block explorer. You can use it to learn about anything that happens on the Ethereum chain.
Learn how to use Etherscan here:
/7
Learn how to use Etherscan here:
/7
Nansen is a blockchain analytics platform. It has a huge database of labeled wallets. Learn how to use Nansen with @nellimkopi’s guide:
/8
/8
@nellimkopi Twitter is a great source for alpha.
Spend a lot of time on it. Twitter’s a great place to find out about project updates and news.
Turn on notifications for projects that you’re currently eying.
Follow great accounts that post actionable insights, guides, and alpha.
/9
Spend a lot of time on it. Twitter’s a great place to find out about project updates and news.
Turn on notifications for projects that you’re currently eying.
Follow great accounts that post actionable insights, guides, and alpha.
/9
@nellimkopi Crypto Job Listings
For a project to blow up, they need a strong team, and it’s going to need to be large enough.
Job listings can reveal when a project is making a push and how well funded/organized it is.
/11
For a project to blow up, they need a strong team, and it’s going to need to be large enough.
Job listings can reveal when a project is making a push and how well funded/organized it is.
/11
@nellimkopi Keep an eye on devs and see what they’re building
Like digging through crypto job listings,
looking into the under-construction projects happening at various hackathons can be a way to discover the next big thing before all the others
/12
Like digging through crypto job listings,
looking into the under-construction projects happening at various hackathons can be a way to discover the next big thing before all the others
/12
@nellimkopi Keep an eye on GitHub
Almost all crypto projects are open source - we can look at the source code and changes made for free on GitHub.
Use GitHub to monitor dev activity.
/13
Almost all crypto projects are open source - we can look at the source code and changes made for free on GitHub.
Use GitHub to monitor dev activity.
/13
@nellimkopi Fundamentals aren’t everything
There are many factors that determine where the price of a token will go. You can’t depend on any one.
I mean Dogecoin is ranked 12 by marketcap.
/14
There are many factors that determine where the price of a token will go. You can’t depend on any one.
I mean Dogecoin is ranked 12 by marketcap.
/14
@nellimkopi Social sentiment
Watch the ‘Trending Search’ Feature on sites like CoinGecko or DexScreener.
See what’s trending and what social sentiment looks like on LunarCrush.
/15
Watch the ‘Trending Search’ Feature on sites like CoinGecko or DexScreener.
See what’s trending and what social sentiment looks like on LunarCrush.
/15
@nellimkopi Learn how to analyze communities
Community is really important in crypto. Seemingly worthless projects can grow exponentially if they’ve fostered a great community.
/16
Community is really important in crypto. Seemingly worthless projects can grow exponentially if they’ve fostered a great community.
/16
@nellimkopi Find a group
There’s so much alpha out there. Too much for any one person.
Find an alpha group and share what you learn. Try getting a group of crypto friends together.
Crypto can be brutal. It’s easier to survive as a group.
/17
There’s so much alpha out there. Too much for any one person.
Find an alpha group and share what you learn. Try getting a group of crypto friends together.
Crypto can be brutal. It’s easier to survive as a group.
/17
If you enjoyed this thread:
1. Follow me @cryptoPothu for more of these
2. RT the tweet below to share this
1. Follow me @cryptoPothu for more of these
2. RT the tweet below to share this
Loading suggestions...