Things you should avoid if you’d like to protect your capital, survive the chop and not be left without enough dry powder when the opportunity presents itself

1. Too much exposure to illiquid jpegs -> These things need an overall chain wealth effect but when the native tokens rally most jpegs get rugged and do not outperform the native asset. Also insanely illiquid, you’ll undercut your own prices, so consider a 20% slippage even on low liquidity collections

2. Nano/Micro cap shitters -> This is pretty obvious. At the least go for small or mid cap shitters mate

3. Angel deals -> This is the worst. I’ve absolutely outperformed every single one that’s come my way in liquid markets. That doesn’t mean I don’t do it. It just means when I do, I truly believe in the team or I’m willing to burn some capital to learn something new or gain exposure to X

Also way too overpriced, the bear will have plenty good opportunities. This industry isn’t done yet.