How Discord Became My Secret Weapon for Finding Crypto Gems
Allow me to share with you a captivating experience that I believe holds great value. As someone who has been deeply immersed in the world of cryptocurrency for the past four years, I have witnessed some remarkable events. Among my most notable experiences was receiving the first Uniswap air drop, an unforgettable moment that solidified my passion for the crypto space. But the journey has not been without its ups and downs. I have seen incredible market volatility, with a bag of coins skyrocketing from a few hundred dollars to thousands in a matter of hours, only to plummet back down just as quickly. It’s said that in the world of crypto, you haven’t truly earned your stripes until you’ve experienced a rug pull. Well, unfortunately, I can attest to that. I’m still holding on to a shred of hope that Alex will eventually return at least some of my lost USDC (If you know, then you know… I actually hope you don’t).
Let me preface my sharing by saying that despite my experience in the crypto space, I’m still learning new things every day. Nonetheless, I’m eager to impart some of the knowledge I’ve gained along the way, recognizing that what might seem trivial to seasoned investors could be a game-changer for newcomers. It’s an exhilarating time to be involved in crypto, even during the bear market when building and preparation are key to success once the bull market returns. While many may be quick to exit during downturns, I believe that this is the ideal time for strategic contemplation and learning.
During the last bull run, the NFT market was experiencing an unprecedented level of growth, with everything moving so rapidly that even seasoned traders found it hard to keep up. Despite dabbling in NFT trading early on, I abandoned it once gas fees skyrocketed and surpassed the value of the tokens I sought to mint. Recently, however, I was intrigued by a new NFT/metaverse project called Beyond Earth, which a fellow crypto enthusiast recommended to me. As someone who had previously experienced success with Star Atlas (I got in and out at the right times), I’m always on the lookout for the next big win.
In the past, I’ve joined a fair number of Discord servers for various reasons, but when I stumbled upon the Beyond Earth community, I immediately sensed that there was something special about it. As someone who values community and shared enthusiasm, I was impressed by the sheer volume of participants in the server, as well as the excitement and passion they displayed. Intrigued, I decided to spend more time in the server, honing the skill of listening and observing what others were saying and doing.
One thing that quickly became apparent to me was the importance of different sectors of NFT land plots within the game. While I believed that all the plots of land would eventually become valuable, I noticed that some of the most ardent voices in the server were advocating for particular sectors in which to invest and develop. As someone who had purchased a few plots with the intention of selling some to pay for others, I knew I needed to carefully consider which plots to hold onto and which to sell.
Ultimately, it was the sectors that generated the most collaboration and enthusiasm among community members that proved to be the most profitable for me. By actively participating in the Discord community and listening to the opinions of others, I was able to gain valuable insight into which sectors were likely to appreciate in value, and which were less likely to do so. This allowed me to make more informed decisions about my investments and maximize my returns.
The lesson here is clear: when it comes to early-stage projects, being an active member of the Discord community can give you a significant advantage. By staying abreast of the latest developments and collaborating with others, you may uncover strategies and insights that are not available to those who are not part of the community. In the fiercely competitive world of crypto, every little bit of knowledge and insight can make a big difference, particularly during a bear market when resources are scarce and every advantage counts.
As the saying goes, “early bird catches the worm”, and this is particularly true in the world of crypto. Beyond Earth was one such project that caught my attention due to its playable status, unlike other gaming projects that are still in development. However, despite its promising prospects and zealous community members at the time, the project has fizzled out, certainly leaving some investors in a lurch. Nonetheless, thanks to my early investigations of the project in Discord, I’m not rext if it never comes back. On the contrary, if it bounces back, as many projects do during the bull market, I’ll be sitting pretty with a prime piece of metaverse land!
With this in mind, the potential of early adoption can never be underestimated, and being active in the right communities at the right time can lead to valuable insights and information that can help one make informed decisions. In the case of Beyond Earth, despite the project being in a lull, the early advantage I gained from being part of the Discord community has given me the ability to hold on to my investment without any loss and reap the rewards in the future if/when it comes back.
A final thought about Discord…Joining a Discord server is like embarking on a treasure hunt, you never know what precious gems you might stumble upon. It’s easy to feel overwhelmed by the sheer volume of servers available, but don’t let that stop you from diving in. It’s worth exploring a few servers to find the one that resonates with you.
For example, let’s say you’re interested in the world of decentralized finance (DeFi). You might join a few DeFi Discord servers to see what they’re all about. After exploring for a while, you stumble upon a server that not only has an active community, but also a knowledgeable team of moderators who are happy to answer your questions. You join an AMA session and have the opportunity to ask the project’s developers about their roadmap and future plans. The information you gain from this session helps you make informed decisions about investing in the project.
The bottom line is that joining a Discord server can lead to valuable connections and insights. And if you’ve had a positive experience in a server, don’t be shy about sharing it with others. Spread the word and help others discover the hidden treasures of Discord.
If you liked this story, you might also like: https://medium.com/@tokentrekker/crypto-coins-unveiled-the-connection-between-cryptocurrency-prices-and-utility-1c67668ebea8
My blah blah blah disclaimer: I am not a financial advisor and cannot provide investment advice. Cryptocurrencies and investing in general involve risk, and individuals should conduct their own research and consider their personal financial situation before making any investment decisions.
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