1/ # Introduction

Before reading these threads forget everything you think you know about crypto.

If you're new to crypto, you need to understand something. You're probably going to come out of this losing money. You're a sheep, lured to the wolves by greed/delusion/shilling.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ 1.1 - Crypto isnt blockchain

You've probably got into crypto and quickly been convinced you are part of some emerging technology revolution. That youre ahead of the curve.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 1.2 Understanding that these are speculation era prices

This might all seem bleak so far, but it gets worse. We are in speculation driven era. The prices you see today are based on extreme speculation (people buying because they are shilled it will go up).

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 1.3 Your alt is not bitcoin

Usually at this stage in the rant someone will bring up Bitcoin, citing its institutional adoption and so forth. This is the second big misunderstanding that new people have in regards to crypto.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 1.4.1 Communities and projects

A big factor in the speculation and delusion in crypto is the communities. In crypto a lot of people get sucked into communities and end up part of a "tech fan club".

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 1.4.2 Crypto Twitter and Influencers

Another big factor in the delusions in crypto is Crypto Twitter (CT). Many people think that those with large followings on twitter are those to listen to for tips about whats a 'good project.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 1.4.3 Brief history of crypto alts and why bear markets and cycles are BS

Within crypto there are many concepts and ideas that are repeated or presented as fact that are not. One of these is the idea of market wide bear markets and cycles.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 1.5 - Review of Section 1

All of this mentioned so far isn't a great surprise to many people, especially those who've been in crypto a while. But if youre new you need to learn quick.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.1 Intro

This assumes you've read all of section 1. A lot of it can be hard to accept. Especially if you come from a fan club project. You may have even gotten this far and be thinking "This can't be true!

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.2 Narratives

Gains happen because of narratives of future price increase. Not reality. A token can be junk, no adoption, but with a strong shill narrative it can get gains. This is why $ADA has the MC it does. It doesn't matter what the reality is.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.3 The Tech that matters

For the most part you don't need to understand how the tech works, but you should learn and understand a bit about how software development works. This will let you know what elements of a projects ideas and plans sound realistic.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.3.1 Fundamentals

You need to see all of crypto as bullshit narrative. Some narrative is better than others. This solid believable stuff is "Fundamentals".

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.4 The Market

A big part of understanding narratives is understanding the current market and its trends, and identifying upcoming trends in advance.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.5 Trends, Seasons and Bubbles

If you want to understand crypto, understanding speculation and speculative bubbles is the best thing to study.

Occasionally (although likely to happen less and less) we get a market-wide-run.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.6 Your own intelligence will likely ruin your chances of making it

A lot of people screw up in crypto by trying to be clever. Following "smart" ideas. Their own intelligence screws them. They don't stick to the plan.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.7 TA and Charts

TA in crypto is mostly nonsense. Something used to shill and manipulate. People who believe in it have high enough intelligence to analyse the data, but not the wisdom to realise the entire idea is dumb.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.7.1 The Crypto news machine and FUD

Understand that there is no "news" in crypto. All of those websites that look like news outlets, they aren't. Its shilling and manipulation. Look at the groups who own these websites and you will see.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.8 Passive income

One of the dumbest things to be doing in #crypto right now is looking for passive income plays, or being in the them. (I'm not talking about staking a HODL you think will do well. I mean getting in things primarily for the passive income it provides)

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.9 Overview of how you need to approaching crypto

Your objective is to make money. Balancing risk/reward to maximise your chance of safely making the most money, in the shortest amount of time based on the current market conditions.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 2.9.1 The objective

Your task is to get gains by the most likely direct means possible. Thats it. Everything else such as liking/disliking "tech" is irrelevant. Believe in nothing.

— Crypto Boomer (@marwolwarl) January 4, 2022

# 3.1 Summary of how you will do it

Begin with a sum of funds. Your task is to get the highest gains by the most likely, low risk, direct means possible. Thats it. Everything else such as liking/disliking "tech" is irrelevant. Believe in nothing.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.2 Stick to your strategy and be consistent

Occasionally I won't buy something and someone will say "It must hurt that you didn't buy Y?", "don't you regret not buying X and getting 20x?" No.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.2.1 Have conviction in your own trades

If you see someone shilling something and you buy, do so because YOU think its a good entry here, with a potential to go to Y target over the upcoming timeframe. Do not buy or sell based on the actions of others.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.3 How to find projects to invest in

Forget paid tools, paid groups, analysis/sentiment trackers. You don't need any of that stuff. You need to immerse yourself in crypto. You need to start to spend a lot of time on Twitter and Telegram.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.4 How to know if its a good investment

You need to take in all the data and then weigh up the pro's and con's by checking out the types of information I list below and asking questions.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.5 Are you early or late to the narrative?

The most crucial part of doing this is working out if its a good investment and if you are early. Many of these accounts will shill absolute crap. Why?

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.5.1 Entries and "dumping"

In crypto people are obsessed with entries and past chart data. Its certainly the case that the lower your entry, the lower the risk and higher the gains, but there is a big difference between a good entry and timing the bottom.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.6 Metrics

These are the MC, supply, total supply, price and token emission schedule.

Begin by looking what type of project is it? A blockchain platform, an oracle, a Defi Protocol etc. Get an overview of what it is.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.6.1 Exchanges & Liquidity.

When you research a project, click the market tab on Coingecko and see what exchanges its on and where the volume is.

If it’s difficult to buy then it’s going to be difficult to sell.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.7 What to look for in the project and its investors

- Who are the team. Do they sound like they know what they are doing?, do their resumes look impressive?. If you can, find technical peoples comments on the team. Do people think they pull off what they say they will?

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.8 Selling and profit taking strategy

This is one of the most common questions people have.

I do not use sell targets. Using comparisons with the performance of other projects and how the market is going, I guess my target prices for projects over the near term.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ # 3.8.1 Selling at a loss

This is a common predicament in crypto and its a situation in which people often lose out on gains because of handling it wrong. They buy something, it drops by 20-40% perhaps. Weeks can go by where it doesn't go back up, sometimes months.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ Chapter 4 - Final comments & Other threads

As I mentioned previously you will need to read all the above at least twice.

Immerse yourself in crypto. Learn what works and what doesn't. Believe nothing. Consider nothing 'bad' or 'good'. Its all marketing shill.

— Crypto Boomer (@marwolwarl) January 4, 2022

1/ NEAR MEGATHREAD 2022 (1/40)

In this thread I’m going to go over @NEARProtocol $NEAR .

In recent weeks you've no doubt already seen it beginning to rise (while the rest of the market dropped) and probably wondered why?

If you're trading in crypto in 2022 you need to know why pic.twitter.com/ugU0QZZmoh

— Crypto Boomer (@marwolwarl) January 6, 2022

1/ # @MetisDAO $METIS thread: What is it is and why its the low risk/HUGE reward opportunity for big X's

2022 is a pivotal year for $ETH as key elements of ETH2.0 go live and @VitalikButerin 's vision for @Ethereum advances. One aspect of this vision is the L2 scaling scene

— Crypto Boomer (@marwolwarl) December 23, 2021

1/ "Are $NEAR and $METIS still good buys here? They are up"

If you are asking this and have read the pinned thread, it means you haven't understood the strategy. If they were not good buys here, I wouldn't be holding them.

— Crypto Boomer (@marwolwarl) January 7, 2022

# Updated: What is @Polkadot ? 1/ With $DOT parachains launching, many still don't fully understand what DOT is. I'm going to try explain it in simple terms. This explanation isn't entirely accurate but its probably the easiest way of understanding it

— Crypto Boomer (@marwolwarl) November 6, 2021

1/ "If you believe $ETH will be so dominant, why do you invest in $NEAR over @ethereum ?"

Because its the better safer investment.

— Crypto Boomer (@marwolwarl) January 10, 2022

1/ # Why you should be 'bullish' about the current market and why we have an impending 3T+ market coming

If you are 'bearish', you need to stop looking day to day at the market. Zoom out. Look at this: This could not be more bullish. pic.twitter.com/A4PPvqteEB

— Crypto Boomer (@marwolwarl) January 11, 2022

1/ @OasisProtocol - $ROSE thread

This is now the 2nd largest holding in my portfolio.

What is it and why am I invested? pic.twitter.com/2Dajrxvg6F

— Crypto Boomer (@marwolwarl) January 11, 2022

1/ How do you know if its got a good PA 'narrative'?

Answer: Look at what works.

Every project fan club HODLr thinks what they're holding is undervalued with great narrative.

An example is when you see people shilling about big 'partnerships' with global businesses/enterprise

— Crypto Boomer (@marwolwarl) January 12, 2022

1/ # Stop focusing on %'s, focus on x's

Theres people in crypto who've been in it years. You can name the big gains tokens of the past 3-4 years and at some point they held them. They understand the game. They've made some okay profits but despite all this they havn't 'made it'

— Crypto Boomer (@marwolwarl) January 13, 2022

1/ Portfolio update:$NEAR @NearProtocol 50%$ROSE @OasisProtocol 30% $METIS @MetisDAO 15%$XFT @OffshiftXFT 5%

Change: $DUSK funds used to increase $ROSE holding.

Below are threads on each project and why I invest, followed by a list of other good investments to watch

— Crypto Boomer (@marwolwarl) January 14, 2022