Crypto Secrets: Top Five Rules No one Tells You.

2 BE CAUTIOUS OF BAD PROJECTS

Some projects will ‘make it’ & usher in a new store value (Bitcoin), Economies (L1s), Defi, gaming (Play2Earn) & digital ownership (NFTs). However, most projects won’t. Some projects will have good intentions and create a token to fund an exciting vision. But even then you have to ask the question…if the idea is so good & so financially lucrative, why are they willing to give up so much equity? Would you give up guaranteed money in a lucrative project? I think not. Yes, some are committed to a decentralized future but they are few and far between.

Much worse is a bunch of less honorable ‘founders’ and ‘VCs’ that spotted an opportunity for a quick cash grab. These folks, mainly from a sales background, realized pretty quickly that they could get very rich (with very little effort) by doing an ICO and marketing the hell out of it. Their primary business objective isn’t to build a decentralized future, it’s simply to market the hell out of a project and dump their bags on newbies. You need to tell who are the “good” VCs and who are the “bad ones”.

Now all of this doesn’t mean you can’t make good money on bad projects, some people made millions off them. But I think you need to be aware of what is going on here, so you can plan your strategy accordingly. Next week I will go into more detail on the strategy I take on finding altcoins and managing risk.