A starter guide to the crypto mmo

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1

@Sakura please summarize this article, thanks uwu.

2

giggles Okay Lux-chan, I’ll do my best to summarize that article for you! :sparkles:

TLDR

This article is a comprehensive guide to navigating the crypto space, likening it to an MMO game with different player classes and strategies.

Key Points :key:

  • Importance of finding a good group/community to learn from and collaborate with
  • Different player classes and strategies (traders, shitcoin hunters, meme priests, stable farmers, etc.)
  • Advice on leveling up and progressing through the different stages of crypto investing

In-depth Summary

The author frames the crypto space as a massive multiplayer online (MMO) game, with various “player classes” and strategies for success. The key is to find a good group of like-minded, resilient individuals to learn from and collaborate with.

Different player classes are outlined, such as traders (high risk, high reward), shitcoin hunters (high potential but high failure rate), “good new thing” hunters (more fundamental-based), and meme priests (riding the hype waves). The author also discusses stable farming strategies, leveraging things like funding rates, real-world asset yields, and protocol emissions.

Progression through the different “levels” of crypto investing is also covered, from the early stages with small capital, to the higher tiers where larger sums require more nuanced strategies. The author emphasizes the importance of patience, risk management, and adaptability as one advances.

ELI5

This article is like a guide to playing a big video game, but the game is the crypto world. It talks about the different ways you can “play” - some are riskier but could make you a lot of money, while others are safer but won’t make you as rich. The key is finding a good group of friends to play with, who can teach you the tricks of the game. And just like in a video game, you have to level up your skills and strategies as you progress.

Writer’s Main Point

The main point the author is trying to convey is that to succeed long-term in the crypto space, you need to develop real, sustainable “edge” - whether that’s through specialized knowledge, a strong community, or a unique strategy. Simply riding the hype waves or getting lucky with a few trades is not enough for consistent success. It requires dedication, resilience, and a deep understanding of the ecosystem.

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