Fuck ETH Seed Rounds and IDOs (The 2017 Crypto Club is Closed)
Strategy for new altcoins in crypto

Fuck ETH Seed Rounds and IDOs (The 2017 Crypto Club is Closed)

By AlucardLife | cryptoinvesting | 18 Jan 2021


If you keep losing money in crypto projects, you're about to learn why.

Unless you got your start before the current bull run, or you've already got mid six digits to put into crypto, you probably won't be able to keep up with this generation's lightning fast seed rounds and initial offerings. Crypto has expanded to the point where it's a whale's game up top AND you have to know somebody to get in. You can apply to the presales, but you'll probably get beaten out by scammers like Ivan on Tech and Elliotrades — people who have made personal connections over time with developers and who get paid 5 digits to shill tokens through content channels with 100,000+ viewers.

The remaining slots are filled by rich hipsters from New York and LA who have been playing crypto with daddy's money from day 1. And they make their money dumping those early tokens on your heads when the dev team puts the token on Uniswap.

All of these people made their money during 2017. They constitute a club. They've been to conventions together before COVID. They went to school together and developed projects together. They've created bonds, and those bonds now pay off handsomely. You don't have the money or connections to succeed in this game.

Go look at the charts of any big launch. They pump, they dump, then they slide for a while. Eventually, if the project is good, it will find a bottom and begin its organic price action. But there is a group of idiots who get caught in the initial pump and dump every time. These are the 2021 noobs trying to play with the 2017 scammers. Don't be one of those unfortunate souls.

Here's how you avoid that fate, and more importantly, make money without having to be in the presale culture. The rules:

Rule 0: You're not in presale culture if you're sending ETH to random addresses from Telegram messages. Those are scammers. The only legit presales these days come from incubator platforms like Trustswap (which ironically is not trustworthy at all because it allows large allocations to content shillers), Polkastarter and Binance Launchpad. Legit stealth projects launch with airdrops. VERY IMPORTANT: Read this before you buy a token even if you get an airdrop, because that might be a scam, too.

Rule 1: There's nothing wrong with trying to get into presales. I'm not saying don't email the team for a presale slot. Go ahead. You might get lucky. But if you don't, don't worry about it. Keep a schedule, though.

Rule 2: If you get shut out of the presale, forget day 1 Uniswap trading. Just let it go. Regardless of whether the price goes up or down, let it calm down before you get in. Day 1 is a wash. It's full of bots competing against scammers going back and forth. In this generation of algorithmic pricing and low liquidity, organic traders have no chance against bots and scammers with six digits of free money in the project given Ethereum's fees and propensity to steal gas money after a failed transaction.

There is one exception to this rule. If day 1 botting and scammery causes the price to fall BELOW the presale price, you have permission to pick up a bag.

Rule 3: Take the time to research the project. While you're not trading the project, you can actually research it. See who the devs are connected to. New projects with big rollouts that will be successful are likely adding on to an already successful infrastructure. Why? Because the devs know each other IRL. They move back and forth between projects and ensure each other's success.

Rule 4: Get a good buy in price. A good buy in price beats most mistakes. You can even make money from a crap project depending on your buy in. Try to get your first buy below presale price. This may not happen often, but you may get it. If so, you're in a good place. For instance, Reef, which had a "bad" launch according to Ivan on Tech (probably because he lost money in it), came roaring back. It fell below presale for a couple of days. If you bought at that point, you're up 2-3X now.

Bottom line: Don't try to play ball with the folks who made their fortunes in last cycle's bull run (2017). That's a closed club, and you're not in it. I know crypto says a bunch of crap about being decentralized and shit, but human nature is the same everywhere. The 2017 club is closed. It's time for us 2021 kids to make our own club.

———

YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1

Always remember:

Burgerswap Bridge will steal your crypto
Deus.Finance is led by a psychotic wannabe despot
AllianceBlock is a shit project
All algorithmic stablecoins (Basis Cash, Mithril, Empty Set Dollar) are a SCAM

Don’t get your bitcoin from PayPal
Trade on BSC, not Ethereum
Ivan on Tech, Elliotrades and Bitboy are complete liars, and
If you are always losing money trading crypto, read here.

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AlucardLife
AlucardLife

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