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Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Fivestar4everMVP on September 09, 2024, 12:15:05 AM

Title: How To Stay Ahead in Web3
Post by: Fivestar4everMVP on September 09, 2024, 12:15:05 AM
Hi guys, I came across this update on one of the WhatsApp channels I am subscribed to, and after reading it, I thought a really valuable information to share with other crypto enthusiasts and users like myself, this are really some good stuffs to have at the back of our minds as we navigate the web3 Ecosystem and try to make as much money from it as possible.

And Here  they Are..

(https://talkimg.com/images/2024/09/08/BQK9g.jpeg)

How to Stay Ahead in Web3

1. *Stay Flexible:* Don’t stick to outdated ideas. Try to predict where the market is headed *before* it becomes obvious. Being ahead of the curve is where the real gains are.

2. *Keep Yourself Informed:* Follow key sources like Binance Research and CryptoDiffer etc. They share critical insights that can help you stay ahead of trends.

3. *Do Your Homework:* Before jumping on any token that’s suddenly pumping, always check two things—its unlock period and Fully Diluted Valuation (FDV). These can be the difference between a good investment and a bad one.

4. *Invest Smartly:* A small $20 that grows 200x may seem like a win, but a larger investment can often yield better results with 2x. If you’ve done your research, consider increasing your investment and pull out your initial capital once you double it. This strategy is safer in the long run.

5. *Know When to Walk Away:* If a token has already pumped before you got in, chances are it’s too late. Take quick profits or let it go entirely. Remember, the early buyers are waiting to cash out, and you don’t want to be left holding the bag.

6. *Cut Out the Noise:* Streamline your social media. Unfollow anyone talking about irrelevant topics and focus only on accounts that provide valuable insights about the market. Also, organize your Telegram for easy access to important info and the apps you're mining.

7. *Form Alliances:* You can’t win alone. Connect with others who are good at spotting airdrops or researching meme tokens. Build relationships with them it will help you succeed.

8. *Keep an Eye on Airdrops:* They will always be profitable ones at the end especially the ones that has the support or backup of other big or known projects. Stay alert.

9. *Memes Are the Next Big Thing:* Learn to identify rising meme tokens like SUNDOG before they blow up. Act fast and don’t procrastinate.

10. *Stay Objective:* Don’t get emotionally attached to any token. The goal is to make money, so stay flexible and adapt to changes quickly.

*Take Action Now:* Staying ahead in Web3 means being proactive, informed, and flexible. Start building connections, organize your resources, and act fast when opportunities arise. Don’t wait for the perfect moment—create it!

I hope the above advice helps us all, specially the newbies in the industry, it is commonly said that "what ever is worth doing, is worth doing well", I hope we all learn to put the mentioned few points into practise, and I also believe it will give us causes or reasons to celebrate more wins.. Happy Sunday 😊

Reference - https://whatsapp.com/channel/0029Va9y6g25K3zavq7mtp3U (https://whatsapp.com/channel/0029Va9y6g25K3zavq7mtp3U)
Title: Re: How To Stay Ahead in Web3
Post by: Tribalchief on September 09, 2024, 03:26:07 AM
I really appreciate your effort in compiling such vital information. Even though the internet is broad, we don't often come across this kind of information. Some of these ideas have crossed my mind before, but implementation has been a problem.

Quote from: Fivestar4everMVP on September 09, 2024, 12:15:05 AM
5. *Know When to Walk Away:* If a token has already pumped before you got in, chances are it’s too late. Take quick profits or let it go entirely. Remember, the early buyers are waiting to cash out, and you don’t want to be left holding the bag.

This is one of the points that really got my attention. It's a common habit for people to hold onto new projects, even when a visible red flag is signaling a possible dump at them. Everyone in the crypto space is here for one reason, and that's to make profit. Early investors in new projects are very good at making profits, as they tend to dump their holdings when the hype is high, leaving late investors with dust.

Quote
7. *Form Alliances:* You can’t win alone. Connect with others who are good at spotting airdrops or researching meme tokens. Build relationships with them it will help you succeed.

This is also another vital point. We can't overlook the importance of connecting with others, and getting helpful information from them. We might sometimes be surprised at the level of information that others have, which makes forming an alliance very important and beneficial.
Title: Re: How To Stay Ahead in Web3
Post by: Azharul on September 09, 2024, 04:03:44 AM
Stay ahead in web3 is very important for crypto currency market. Because if we prosperous in cryptocurrency market it can help how we ahead in Improve. We think that there are many way to go ahead in web3 in this moment. We will be taken step to binance research and cryptodiffer, we also aware when any coin will jump which will be suddenly pumping. So we should must check this matter. We think that airdrop is very valuable for us, so we should keep our eye to this. We shouldn’t get emotionally attachet in any token. So i believe that if we follow this system, i think that we will be go ahead in web3.
Title: Re: How To Stay Ahead in Web3
Post by: Fivestar4everMVP on September 10, 2024, 10:14:06 AM
@Azharul @Tribalchief both of you are well appreciated, and your responses are very valuable, specially with you @Tribalchief, you are absolutely correct there, alot of advice comes to us on daily basis through various means and mediums, but implementation have always been the big problem for many of us, even me myself who shared the post above, I am still guilty of some of things mentioned there, but then, it's not a total waste since it's still serves as part of the experiences we have to share with other people, specially the newbies so they don't make the same mistake many of us have paid and had to pay darely for it.

And as you also commented on forming alliance, that also is a very good advice, it is commonly said that a tree does not make a forest which obviously is true, I can testify that, the very first money I made from a memecoin, the information and advise to invest on that meme coin came from someone I never used to regard as important, and I almost failed to believe him when he told me to buy the memecoin that it will cook, but on a second thought, I decided to give him a trial, and in less than 3 months of buying the meme coin, it began to pump and I made good profit, I even regretted not investing more money on the token.

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Title: Re: How To Stay Ahead in Web3
Post by: TomPluz on September 11, 2024, 05:06:54 AM
Quote from: Fivestar4everMVP on September 09, 2024, 12:15:05 AM

*Take Action Now:* Staying ahead in Web3 means being proactive, informed, and flexible. Start building connections, organize your resources, and act fast when opportunities arise. Don’t wait for the perfect moment—create it!


We are living in an ever-changing world and we are witnessing this reality much more in the cryptocurrency industry including Web3 which I am seeing is making an acceleration at a good rate these days. With Web3, we can experience many potentially profitable opportunities but we have to act fast, doing things at the right time and get out when needed to maximize gains and minimize loss. But for an ordinary guy like me who has no paid research firm to get information that can potentially help my investment, we need to gain some connections with people and groups that have proven their legitimacy and proven track record.




Title: Re: How To Stay Ahead in Web3
Post by: luckyledger on September 11, 2024, 10:34:59 AM
Quote from: TomPluz on September 11, 2024, 05:06:54 AM
Quote from: Fivestar4everMVP on September 09, 2024, 12:15:05 AM

*Take Action Now:* Staying ahead in Web3 means being proactive, informed, and flexible. Start building connections, organize your resources, and act fast when opportunities arise. Don’t wait for the perfect moment—create it!


We are living in an ever-changing world and we are witnessing this reality much more in the cryptocurrency industry including Web3 which I am seeing is making an acceleration at a good rate these days. With Web3, we can experience many potentially profitable opportunities but we have to act fast, doing things at the right time and get out when needed to maximize gains and minimize loss. But for an ordinary guy like me who has no paid research firm to get information that can potentially help my investment, we need to gain some connections with people and groups that have proven their legitimacy and proven track record.

Yep, I totally agree.
It's better to be done in a group of individuals who are passionate about the same thing/project, in my opinion.
More possibilities are available with such a group.
Title: Re: How To Stay Ahead in Web3
Post by: ZAINmalik75 on September 11, 2024, 09:48:25 PM
Quote from: Fivestar4everMVP on September 09, 2024, 12:15:05 AM
I hope the above advice helps us all, specially the newbies in the industry, it is commonly said that "what ever is worth doing, is worth doing well", I hope we all learn to put the mentioned few points into practise, and I also believe it will give us causes or reasons to celebrate more wins.. Happy Sunday 😊
Checking FDV along with unlock supply info is a solid way to figure out if a token's overhyped. If the FDV is higher than the market cap, then when the unlocking starts, the token's value will drop. I didn’t know about Cryptodiffer before, and after searching, I found stuff like top 10 and top 5 coins.

But this kind of info isn't that useful since finding top coins is easy. The insights option on Binance looks better. From now on, I’ll be practicing these steps, and only through practice can we improve our skills, even if we aren’t newbies. I’m not into meme coins, but Web3 is still the future.