Austin from Altcoin daily has analysed different investing strategies he has picked up over the years in cryptocurrency and can be implemented by others.
Austin warns not to subscribe to low cap coins shilled by anonymous random telegram users with attractive and convincing glossy websites which is exactly what happened in 2017 with many falling for flashy websites, fake advisors, meaningless partnerships and announcements (1:25).
Austin also stressed the importance of stacking satoshi, buying small amount of Bitcoin on regular basis to add up because the investors thesis for Bitcoin is a lot more clear at this point, making it less risky compared to alts which are a lot more speculative (2:42).
Austin says he has made money in the last 6 months looking out for developing trends, which makes it easier too see the potential and get fully positioned as opposed to chasing the last trend falling off (4:53).
DeFi, the Polkadot ecosystem, NFT’s and Collectibles, Binance Smart Chain ecosystem and Yield Farming are the next trends in the Crypto space (7:15).
Austin shares an author narrative and investment strategies of how successful multi-millionaires were made in the previous 4-year cycle buying altcoins, Altcoiner B made $200,000 from $10,000 investment failing to identify the trend after selling low and buying tops in the parabolic run and then alts plummeted. Altcoiner A is set for life after making $20,000,000 with same amount of investment scaling 10% profits on the way allowing 90% of his portfolio follow the parabolic run (9:34)
This episode premiered 20th of February, 2021.