Hey, everyone! One thing you have to learn when entering this space is knowing when to jump in and when to jump out. You’ll inevitably make some mistakes along the way, but Fattybagz has some key points to help you identify positive or negative signals.
In this clip:
- Observe the sentiment on the servers
- Develop a risk tolerance to see the opportunities
- Drop the introversion and make contacts
- Don't fall for trends already populating your timeline
Being present and observant is a must, it's the only way to gauge sentiment around certain projects or trends. It also helps to make friends, be helpful to others, and ask for what you need. The connections you make are incredible assets.
Be cautious, but don’t panic, and don’t be afraid. Developing skin in the game allows you to spot opportunities others might miss, and keeping a level head reduces the chances of panic selling or jumping in due to FOMO.
If you see a new trend in your timeline, you’re usually too late. It might evolve, but if it’s trending, you’re probably being primed for exit liquidity. So be cautious, there may be opportunities, but don’t jump in just because an influencer said so.
Learn this and more from Fattybagz on Chain Chatter!