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Hi ! Myself, Sam Raj, founder and CEO, devalley ventures, building a web3 silicon valley ecosystem in India. I am an active crypto project incubator in the space and have molded and shaped various teams and projects so far in six years journey and these are the top 3 valuable pitfalls I recommended newbie investors to avoid before investing in crypto ecosystems.
#1 : Eiffel tower wasn't built in a single day. Leverage compounding
Plan sustainable investments, control emotional decisions after breakouts of prices of new coins. Rather wait, patiently for several months after the project launch and actively monitor team activities. Team activities include social media activities, git hub commits and pr releases and AMA. Wait for your instinct to say this is the right team, and right time and that's how you find your exact entrance while investing. Do not invest lumpsum, rather split your portfolio amongst multiple projects and invest slowly and let the profits compound.
#2 : Connect with the vision. Avoid persuasions.
The most important aspect while investing in crypto space is to verify team credibility. Track all the AMA, Online, Offline events and try to visualize the vision behind the product and motive behind the founders. Their consistency in their talks and the visions shared is the fact of truth which shall inspire you to invest rather than persuasions towards fortunes. The real founder promise transformations and evolutions to the mankind through innovations and breakthrough perspectives.
#3 : Invest futuristically. Trust patterns not the trends.
Read and research the patterns of evolution of internet from internet bubble to today's market evolution and what will be surprising to you is the pattern which is same as happening now in the name of blockchain, a new internet. Do not fall behind the trends as reflection token, meme coins and short term pump and dump projects rather invest in the building blocks of this ecosystem which are protocols and technological inventions. Invest in protocols that are about to bring breakthroughs.
DISCLAIMER : This isn't a financial advise rather a real time experience from incubating teams and as an investor, incubator everyone have their own style and distinction and I am a sustainable investor who builds portfolio gradually and this might differ from person to person. So, do not rely on the above statements rather self analyze and do your own research before serious decisions.
8)Hope this was an informative and becomes a useful content for the forum.
I recommend other experts with similarities to share their experiences and opinions as well, if this is really interesting topic to continue on which might contribute to our knowledgebase.
#decentralize