15 steps to crypto investing 🧵
The Crypto Investing Playbook was written by Karthik Senthil.
Use these opinions as lamp posts to help inform your thinking and portfolio strategy, not rules that must be followed.
Nothing in this article should be taken as investment advice.
Make sure to do your own research and understand that crypto, like other investments, carry risk.
Crypto is volatile.
It's not uncommon to see 10-15+% changes up or down in a single day.
If you can’t handle the swings and it affects your mental health, this may not be the game for you.
3**. Start Now!**
Crypto moves too fast and you’ll never be 100% “ready”.
Start ASAP (even if small) to force yourself to learn about the space.
Have skin in the game.
4**. Invest for Years, Not Days**
Your outlook in crypto should be multi-year in order to compound wealth over the long-term.
"The big money is not in the buying or selling, but in the waiting."
5**. Diversify into the Ecosystem**
Get exposure to the largest surface area possible.
Diversification protects your wealth.
Look into the crypto ecosystem as a whole rather than being a “single coin maximalists”.
6**. 3 Investor Types. Which One Are You?**
Just like Apple’s AppStore, most value historically goes to the technology platforms rather than individual apps.
L1 and infrastructure projects might be the best long-term platform bets for crypto.
9**. Reassess Every 3 Months**
10. Ride winners, cut losers fast
11. Automate, Automate, Automate
12. Earn Yield
13. Enjoy The Ride
Karthik’s Crypto Takes is a newsletter that writes on various topics in crypto and web3.
Make sure to check him out for more valuable information!
This is a special newsletter. Every week, we deconstruct the best crypto trends and share those insights with you.