Fei. What did we learn?
Don’t go into something without understanding what the fuck it is. And how it works. It doesn’t matter who’s backing the project. You’re playing with other players. Pigs get fcked.
Commit position sizes reflective of your understanding and confidence in the project, rather than just your understanding of the backers. Put your weight behind your knowledge, rather than a potshot.
Crypto, understanding crypto, getting into it and finding moonshots, that can be your best friend. But putting it where it’s dumb to go, that’s your worst enemy. In fairness, it does have some makings of a good project. It has a solid, committed team, and powerful backers. But do I understand it?
And less posting about other people. Simply posting the screenshot of a twitter page does not mean that anybody has taken it in. This means more written text. More reflective of experience.
I got myself into this hole, and only I can get myself out of it.