Should I buy Fantom FTM Is it an #ETH killer


 

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Hey, sprinters! Today, we discuss, should I buy Fantom or not? It's the talk of the town. it's growing immensely. And there is a lot of farm around there. So should you jump in or not? I cannot tell you, but I can tell you what I did if I jumped in or not. And I can tell you the 10 things that are on my checklist and the 10 things that you can go through when you decide to go in the Phantom or not, you have to go into any asset or not. And before we go there, the investment systems, remember you do not invest money that you need. You have an earning system that's working well, that feeds your savings system. And the investment system is where you put only that part of the net profit that you don't need for the next eight to 12 weeks.

 

Your Risk Curve


And so you put that into your investment system that works while you sleep. And now you have three systems working, which means now you have a self-healing and the self-repairing overall mechanism. And now you have an enter fragile and their resilience, their health overall revenue situation, the three new systems that you need, we would do single videos on them, and we can share our templates, but the earning system, the savings system and the investment system over the next videos, just let me know what you want to see first, and then we'll do it. Now. Let's go into, should you buy Phantom, first of all, where is it in the risk curve? If we think we wards and risk Larissa, I would say it's high res and it's possibly high reward. So some were here and now of course, you have to decide how much do you want safe in risky and in high speculation zone, and then decide accordingly.

 

Entry Strategy & Exit Strategy

 

I will tell you what my portfolio is, and I locate exactly around these three buckets. And when you go in, you don't just need an entry strategy. You need an exit strategy. So if you're going to Phantom decide which price would get in and decide which price you get out. And so my example here mind my list is how I did it this month with Tesla. So my entry strategy is I buy the dips, buy holdbacks at minus 5%. I buy corrections minus 10%, and I buy bear markets minus 20%, minus 25%, and everything. So you can go into the pullback. I buy a little bit. If it goes into correction, I buy a lot. And if it goes into a bear market, I buy it as much as I can. I sell my bike to goalie because that's when you have the highest arbitrage of this loop and you buy at the discount, this is where the money is made, then exit strategy, not just when you get in, but also when you get out. So my philosophy is profit-taking. That means I sell every time I have doubled the initial investment. That's why I always drive down the cost basis and cost basis piece of which price did you get in? For example, my cost basis for Tesla was 300 and I ride it up. Now I both 100 shares at three on Ludin, one, August, 2020, then December 20, 28 reached 602 that's doubling. I sold 50 shares at the first.

 

Now in November, 2021, it reached 1200 0 4, which is again, doubling and dear I sold 25 shares. And then if it was reach at some point in doubling again, I would sell 12 and a half shares. Why is this important? Because the hardest thing to predict, and don't even try to predict isn't when everybody's saying, oh, it's so hard to get the top. When prices go up and down, you have support level. Then you have resistance level. People tried to get exactly the resistance level. The top. I didn't even try to get the top of the Tesla. I was close to it, but it's absolutely get it. And it's not important because to me, the important is my personal cost basis. And this is what I want you to understand, whatever you invest in the only thing that you need to check. It's not what our people are saying.

 

My Checklist


It is really what is your cost basis? Can you get in the 301, then the only thing that matters for you is every next number that can be in three years can be three weeks. It's not important, just important that we take some profits along the way, because it will keep you honest. It needs to worth creation strategy. If you want any wealth preservation strategy, then just differentiate as much as you can. Every, every position at max, 5%, you are differentiated. We are talking to you with creation strategies. That's where most of our investment system is what we will now use to find out if we should buy fentanyl or not, we will go to a couple of questions. One is, does it solve a real problem? And then we'll be either green, yellow, red. Is it the centralized and decentralized? It's unstoppable like Bitcoin, but if it's centralized, it's at risk, there is one central choke point.


And if there's something risky about network effects, does it have network effects? Because if it has to grow faster and maybe pass, it also contributes to it being self repairing and unstoppable because it has some self-healing mechanisms that we will need. Also when we check regulatory risk, because there will be pressure from regulators in these area, which is decentralized finance, of course, regulators will try to keep their status. And so how will this react pressure? Does it has longevity in certain funding mechanisms, otherwise you don't go in competition risk. Is it hard to copy it or easy to copy? Inflation risk is the supply limited or unlimited investors, high quality investors, local investors, known investors, longevity, scalability, and sentiments. Now sentiment is what 90% of the people base their decision upon. This is really a, it's important to look at sentiment, but as you can see, I checked sentiment only as the tent kept going.


And last week, a friend of mine, actually, who's a smart guy. He's a professor at the university, but he boat at typo called Squibb, which was based only on sentiment because people were saying, oh, it was quit. Like, like the Netflix series let's go in and it's pumped like some dark face coins, a Palmer from time to time because of sentiment. But when it's based on sentiment, it pumps quickly and it breaks. So everything comes down at some point. And especially if it's based on sentiment, then there's more time up. And 10 minutes after our call, there was a rug pool. And this Quip thing, you can Google squid, Rockpool went bust. So developers created a backdoor in the system where they would just take the money. And if I went with the money, that's it, it was a ruck poet. So never go in only on something. Okay. Then let's now apply this to Phantom, which I can't disclose. I have not been buying after this selection, but it might pump if it's listed by Coinbase.

 

FTM a buy?


So why did I and op invest in aid and how can you go through your decision-making process? So does it solve a problem? Is it urgent enough? Walter Kennedy people do invest in teaching. Where is it needed to be? Clickable for me was yellow because yes, it can help as a load balancer or barium and it similar to what MAPIC does. But these are something that will be required by everybody. So yeah. Then is it decentralized? It's not proof of work, so it's not fully decentralized. It's proof of stake. So how many money they, there's only 47 money. That is a big problem. We wrecked because there will be pressure in the device space from regulators, from competitors, when you have just 47 validators, if just one of them jumps off you, you are X risks. So 47 motivators, no red flags here and red flag at regulatory risk to be this little number.


If you compare it to the, I think 11,000 of theory, you are not in a good position here. And also it breaks your scalability because how, how can you deliver if you have this situation, if you cannot deliver this caved version with 47 network effects. Yes. but not to the strongest ones. So I always like to see protocol over platform over application. So it, is it a foundation for something or not, and it's not a foundation. Some people say, oh, it's the ease killer. It's not the killer. It's based on the technology of the material. And it is dependent technology if you period. So not from a strategic viewpoint, it's not a need killer. And then appreciate the depreciation. What's the supply and demand situation. Is there limited supply or not? The total value locked is five billions. The market cap is seven billions that makes a ratio of volume locked to market cap of 1.4.


It's good, but it does not. Forty-Five hundred, top 10 in the top 100 cryptos right now. And then the resentment is something that is amazing. Analyst top discourse, top Twitter, top Telegraf top Google translate rupees in flowable mode. So is it the bad pig? No, we let go in now, if I would go in then just below $2, 10 to one and but I don't go in because I have much faster horses right now. Hope these checklists have so decide if you go in there, but also helps your think in first principles. So whatever hype is coming at you, you can use critical thinking. And I hope that helps if you like this subscribe pushed it like that and keep rolling.

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