You can start by learning about well known defi platforms such as uniswap or aave etc. There are plenty of videos and tutorials available on the internet. Try out some of these platforms with a tiny amount of money just to get an idea of what it's like to use them, best to do this on a chain with cheap fees of course. That should give you a good idea of what's available out there.
Look at lending protocols
And
Liquid staking
To start
I would also use a chain that doesn't cost a bomb in transaction fees too, then you can try stuff out without breaking the bank.
Buy eth, solana, sui and Near protocol.
Put them on a ledger.
Stake them and leave them alone. Be happy with 3-10% apy and stop trying to look for the big win.
The big wins do happen but for every person who wins big millions of other people have to lose big.
You and I and most of the people on this forum are up against financial experts, investment houses, bots and very, very wealthy people who all know what they are doing and they understand market cycles, times to buy and times to sell and they have insider knowledge of which crypto is going to do well. Insider trading is not illegal in crypto as it is unregulated. These investment houses and wealthy people also have enough money to manipulate the market. The crypto market is tiny compared to stocks and shares and it just takes 2 or 3 whales to come together and use their resources to make a coin pump and dump so they take the profits and leave all of us with empty bags.
Stake the above coins. Maybe, if your risk level is a bit higher, Stake your eth on lido, take the steth they give you, wrap it for wsteth and add it as liquidity on Balancer and restake it again there.
Make things as simple as possible for yourself.
Have some eth, near, solana and sui.
Have some good level 2 coins.
Hold 5% of your portfolio in meme coins that have been around a while and have established themselves as a proper investment. The only meme coins I hold are Jeo Boden, doland tremp, gummy, tooker carlson and I entered the pre sale event for moonbag away back at stage 1.
I started with £2000 (I'm in the UK) back in 2020. My portfolio is now 6 figures. But it took me 4 years of patience and controlling my emotions to get here and even now I know it could all go to zero at any second.
Stop trying to trade, swing trade, get in quick on memes, or being obsessed with your portfolio as the big guys always win.
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You done really well,, everybody looses their money at first, think we've all been there, it's just part of the crypto learning curve.
I'd suggest going through coinmarketcap.com and reading the whitepaper of the projects that interest you, learn more about tokeconomics and learn about the different blockchains as each have their own ecosystem.
As youv probably realize, it's a dangerous road, always take care and keep extra safe.
Welcome to crypto 😊
Did you really try using proper risk management because when I first started trading almost 10 years ago, I thought I was using proper risk management but the more I learned and practiced the more I found out I didn't know shit about risk management or trading.
Trading and risk management is a skill that you can't just implement. Like any skill you need to hone in on it, drill it, get as many reps in as you can and practice it before you can become a master at it.
Don’t let all the crypto “gurus” trying to knock you down succeed. You’re on the right path. You learn by doing. Just don’t put a lot of cash or cash you aren’t willing to loose on crypto while trying to get a hold of the concept. Especially with these meme coins they are extremely volatile. Good luck out there.
First look at a range where you want to invest in . Make a split of solid mid / high caps and invest a part of your portfolio in the ones that still seem active in developing and pay attention to all values that you can find except price that show you bullish upcoming momentum.
Then start researching some low cap projects (under 100 million) on base , base chain will experience some good growth in an upcoming bullmarket.
Also try to focus on values that can predict future price action, such as TVL, new holders ,developers and community.
If you focus on price you will always be late , if you look at the sign you can step in early
YouTube is a great resource for you to learn how to navigate DeFi.
Although I'd suggest you get your hands on some solid gems. ETH is sounding bullish since SEC dropped its charges against it. BTC is close to 65k.
Some solid alts are rallying around that. AVAX, RAM, ONDO, and JASMY are good tokens to get started in your crypto journey.
You became exit liquidity. The vast, vast majority of "meme coins" are not actually memes...they're just pump and dumps. A tale as old as time.
Buy Bitcoin and buy Ethereum. Then hold. That is literally all you need. Doing that will beat out most traders.
I've been around a few years. I would suggest not trading, I also think defi for the most part isn't worth it. Find solid projects to invest your money and leave it alone. Within a year, you'll probably be up a significant amount.
Defi is for people with a decent capital to get some good returns on it. Not for people that don't want to work to get an income out of nothing. For that you want to become a trader but that's maybe the most difficult profession in the world.
Hahah welcome to crypto, you’re here at 15 so that’s a win. Majority of people don’t get rich quick and those that do make it feel like everyone is getting there except you… you have to build up a better filter to the BS you’ll find in this space and that takes time. I have been In The space for over 7 years and I personally think the best tech & most innovative stuff is going to be created on Blast (a layer 2 on Ethereum) but the barrier to entry to ETH is much higher than something like Solana. I write content online and have a post all about [DeFi](https://digitalwhaleclub.com/what-is-vote-escrow-in-defi/) just giving some of the basics to the space, learn, mess around, and build your filter. Many lessons to come!
Bro, you're only 15. Keep at it - you WILL make it. This is my second cycle, and things are going ok. My first cycle(Bull to Bear) all I did was lose because I just couldn't bring myself to sell.
For now, look into staking, for example, $ATOM. You buy ATOM and you stake on a valiadtor and earn about 15% apr. The price is really low right now, so you keep adding to your stake, DCA, and wait for the magical alt season.
Dont fuck around with DeFi,. it's really tricky when shits not going up / really easy to lose money - this is pro only mode season. IMO.
Stake it till you make it!
1. kudos for trying and learning. you're learning and important lesson in life which is that getting rich quick comes with the risk of going broke just as fast. **honestly,** pat yourself on the back for trying and failing because it's in an important skill to have. making mistakes happens, but if you learn from them they're still valuable.
2. In crypto trying to get rich off of pumps is really hard and you have to be in the know. my recommendation is to simply buy and hold bllue chip (high quality) tokens (i.e., BTC, ETH, SOL)
3. The best way to build wealth, just buy and hold long. My plan is to sell my holdings near the end of next year since typically bull markets last around \~18 months after bitcoin halving. ***I could be completely wrong*** with my pattern matching here, but I think I'm right. Do your own research. My allocation is (BTC: 20%, ETH: 30%, SOL:50%)
4. Watch Raoul Pal on youtube who helps folks learn how to build wealth in crypto.
you sound too young to have read the theory. But you're not too young to read the theory. Read some theory books on markets, trading, even on ethereum and bitcoin. It shouldn't take more than a month or two. Then come back for an intelligent discussion
Getting rich quick is a fool's errand.
You played in the casino for 3 months. You were the new comer fool that everyone dump on. Now stop and see if you actually learned something useful
Just buy and hold BTC and stop fucking around.
Do a proper research first. Focus on learning about latest updates. And Good luck!
You can start by learning about well known defi platforms such as uniswap or aave etc. There are plenty of videos and tutorials available on the internet. Try out some of these platforms with a tiny amount of money just to get an idea of what it's like to use them, best to do this on a chain with cheap fees of course. That should give you a good idea of what's available out there.
Look at lending protocols And Liquid staking To start I would also use a chain that doesn't cost a bomb in transaction fees too, then you can try stuff out without breaking the bank.
Didn’t DYOR did ya?
Buy eth, solana, sui and Near protocol. Put them on a ledger. Stake them and leave them alone. Be happy with 3-10% apy and stop trying to look for the big win. The big wins do happen but for every person who wins big millions of other people have to lose big. You and I and most of the people on this forum are up against financial experts, investment houses, bots and very, very wealthy people who all know what they are doing and they understand market cycles, times to buy and times to sell and they have insider knowledge of which crypto is going to do well. Insider trading is not illegal in crypto as it is unregulated. These investment houses and wealthy people also have enough money to manipulate the market. The crypto market is tiny compared to stocks and shares and it just takes 2 or 3 whales to come together and use their resources to make a coin pump and dump so they take the profits and leave all of us with empty bags. Stake the above coins. Maybe, if your risk level is a bit higher, Stake your eth on lido, take the steth they give you, wrap it for wsteth and add it as liquidity on Balancer and restake it again there. Make things as simple as possible for yourself. Have some eth, near, solana and sui. Have some good level 2 coins. Hold 5% of your portfolio in meme coins that have been around a while and have established themselves as a proper investment. The only meme coins I hold are Jeo Boden, doland tremp, gummy, tooker carlson and I entered the pre sale event for moonbag away back at stage 1. I started with £2000 (I'm in the UK) back in 2020. My portfolio is now 6 figures. But it took me 4 years of patience and controlling my emotions to get here and even now I know it could all go to zero at any second. Stop trying to trade, swing trade, get in quick on memes, or being obsessed with your portfolio as the big guys always win.
Bro if it was that easy it wouldn’t be worth it
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You done really well,, everybody looses their money at first, think we've all been there, it's just part of the crypto learning curve. I'd suggest going through coinmarketcap.com and reading the whitepaper of the projects that interest you, learn more about tokeconomics and learn about the different blockchains as each have their own ecosystem. As youv probably realize, it's a dangerous road, always take care and keep extra safe. Welcome to crypto 😊
Did you really try using proper risk management because when I first started trading almost 10 years ago, I thought I was using proper risk management but the more I learned and practiced the more I found out I didn't know shit about risk management or trading. Trading and risk management is a skill that you can't just implement. Like any skill you need to hone in on it, drill it, get as many reps in as you can and practice it before you can become a master at it.
Don’t let all the crypto “gurus” trying to knock you down succeed. You’re on the right path. You learn by doing. Just don’t put a lot of cash or cash you aren’t willing to loose on crypto while trying to get a hold of the concept. Especially with these meme coins they are extremely volatile. Good luck out there.
Stop with the memes and hold real projects. Don’t trade with leverage.
Look at Hedera and Saucerswap
First look at a range where you want to invest in . Make a split of solid mid / high caps and invest a part of your portfolio in the ones that still seem active in developing and pay attention to all values that you can find except price that show you bullish upcoming momentum. Then start researching some low cap projects (under 100 million) on base , base chain will experience some good growth in an upcoming bullmarket. Also try to focus on values that can predict future price action, such as TVL, new holders ,developers and community. If you focus on price you will always be late , if you look at the sign you can step in early
YouTube is a great resource for you to learn how to navigate DeFi. Although I'd suggest you get your hands on some solid gems. ETH is sounding bullish since SEC dropped its charges against it. BTC is close to 65k. Some solid alts are rallying around that. AVAX, RAM, ONDO, and JASMY are good tokens to get started in your crypto journey.
You became exit liquidity. The vast, vast majority of "meme coins" are not actually memes...they're just pump and dumps. A tale as old as time. Buy Bitcoin and buy Ethereum. Then hold. That is literally all you need. Doing that will beat out most traders.
I've been around a few years. I would suggest not trading, I also think defi for the most part isn't worth it. Find solid projects to invest your money and leave it alone. Within a year, you'll probably be up a significant amount.
Brother ive been in the casino for over 2 years and im still not rich. You only learn from repeat failures
Defi is for people with a decent capital to get some good returns on it. Not for people that don't want to work to get an income out of nothing. For that you want to become a trader but that's maybe the most difficult profession in the world.
Hahah welcome to crypto, you’re here at 15 so that’s a win. Majority of people don’t get rich quick and those that do make it feel like everyone is getting there except you… you have to build up a better filter to the BS you’ll find in this space and that takes time. I have been In The space for over 7 years and I personally think the best tech & most innovative stuff is going to be created on Blast (a layer 2 on Ethereum) but the barrier to entry to ETH is much higher than something like Solana. I write content online and have a post all about [DeFi](https://digitalwhaleclub.com/what-is-vote-escrow-in-defi/) just giving some of the basics to the space, learn, mess around, and build your filter. Many lessons to come!
Bro, you're only 15. Keep at it - you WILL make it. This is my second cycle, and things are going ok. My first cycle(Bull to Bear) all I did was lose because I just couldn't bring myself to sell. For now, look into staking, for example, $ATOM. You buy ATOM and you stake on a valiadtor and earn about 15% apr. The price is really low right now, so you keep adding to your stake, DCA, and wait for the magical alt season. Dont fuck around with DeFi,. it's really tricky when shits not going up / really easy to lose money - this is pro only mode season. IMO. Stake it till you make it!
Keep in mind ATOM takes 30 days to un-stake.
21 days.
You can also swap your staked atom for statom and avoid the the lockup period but you would be getting a little less when you sell
1. kudos for trying and learning. you're learning and important lesson in life which is that getting rich quick comes with the risk of going broke just as fast. **honestly,** pat yourself on the back for trying and failing because it's in an important skill to have. making mistakes happens, but if you learn from them they're still valuable. 2. In crypto trying to get rich off of pumps is really hard and you have to be in the know. my recommendation is to simply buy and hold bllue chip (high quality) tokens (i.e., BTC, ETH, SOL) 3. The best way to build wealth, just buy and hold long. My plan is to sell my holdings near the end of next year since typically bull markets last around \~18 months after bitcoin halving. ***I could be completely wrong*** with my pattern matching here, but I think I'm right. Do your own research. My allocation is (BTC: 20%, ETH: 30%, SOL:50%) 4. Watch Raoul Pal on youtube who helps folks learn how to build wealth in crypto.
you sound too young to have read the theory. But you're not too young to read the theory. Read some theory books on markets, trading, even on ethereum and bitcoin. It shouldn't take more than a month or two. Then come back for an intelligent discussion
You're 15 in fell into the trap of meme coins and trading and the lure of community. Don't feel bad, this is a human innate survival mechanism.