
When Shift Happens Podcast
E69: Tangent Co-Founder: How I Made My First $1M in Crypto
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- Recognition of the potential impact of a Bitcoin ETF on the Crypto Industry.
- Discussion on the future prospects of Crypto Currency.
- Importance of diverse investment reasons for owning Bitcoin and Cryptocurrency.
- Identification of risks associated with Web3 and the Centralization of Crypto.
Deep dives
The Evolution of Solana's Perception
Originally perceived as a failing ecosystem with founders and users leaving, Solana shifted sentiment as its value increased. The ecosystem's resilience through the toxicity of past cycles and founders recommitting signaled a new narrative and investment opportunity.
Navigating the Transition to Crypto Trading
The transition into crypto trading involved a shift from traditional investment banking to crypto post the March 2020 crash. The focus shifted to compounding exponential net worth through crypto's volatility.
Navigating the Crypto Market Dynamics
In the crypto market, opportunities arise by correctly timing and sizing positions. Recognizing changing betas and adapting to market sentiment, such as meme coins, can lead to profitable strategies.
Cryptocurrency Investment Strategies
Investment strategies in crypto vary from long-term hodling to actively trading meme coins. Evaluating risk levels, being mindful of liquidity constraints, and strategic beta plays can shape successful investment approaches in the market.
Betting on Memecoins and Timing Trades
Emphasizing the addictive power of memecoins, the podcast illuminates the strategy behind investing in Pepe as a potential leading memecoin, hinting at the importance of knowing when to cut positions based on thesis or price invalidation. The unpredictability of memecoins, devoid of a discernible thesis, poses unique challenges in timing trades effectively, urging a cautious approach to avoid selling at the wrong time.
Forecasting the Crypto Cycle and Investment Strategies
Delving into the complex dynamics of the crypto cycle, the episode discusses the uncertainty of predicting a cycle top and the significance of recognizing key factors like Bitcoin halving, macroeconomic trends, and interest rate cuts. Considering the interplay between retail and institutional flows, the conversation highlights the importance of recognizing market signals to navigate potential drawdowns and capitalize on investment opportunities.
Navigating Risk, Portfolio Management, and Team Collaboration
Exploring strategies for managing risk and portfolios in the volatile crypto landscape, the podcast underscores the necessity of establishing clear rules and maintaining discipline to minimize losses. Additionally, it underscores the value of teamwork, emphasizing the benefits of leveraging diverse skill sets, sharing insights, and fostering a collaborative approach to decision-making, especially for newcomers looking to thrive in the crypto industry.
Darryl Wang is the co-founder at Tangent, a collective of experienced operators and founders behind some of the largest projects and protocols in Web 3. He is also one of the most brilliant crypto traders in Asia-Pacific.
In this conversation, we dive into:
- What does a Bitcoin ETF mean for the Crypto Industry?
- The Future of Crypto Currency
- Reasons for Owning Bitcoin / Cryptocurrency
- Potential Risks of Web3 and the Centralization of Crypto
- How to Master this Crypto Cycle
- Memecoins
- Alpha: Pudgy Penguins, Ronin Network and Prime
- Advice to Crypto Newcomers
- How to Mitigate Losses to be a profitable crypto investor and trader
And more!
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SPONSORS:
🤖 SwissBorg is Europe’s top trusted crypto app offering user-centric investment platforms and DeFi asset management with reliability and innovation.
♾ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies.
https://www.coinsilium.com
♾️ Astar Network is a Web3 hub for innovation, offering tools and a blockchain platform for decentralized apps and smart contracts. It invites users to innovate and connect in a community-driven ecosystem, transforming ideas into reality with its robust infrastructure.
https://astar.network/
🔘 Mantle Network enhances dApp development with Ethereum's security, low fees, and quick transactions through innovative layer-2 technology. Users can stake ETH for mETH, contributing to a transparent, community-driven ecosystem governed by $MNT token holders, fostering innovation and collaboration.
https://www.mantle.xyz/rewards-station
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Connect with Darryl 👇
LinkedIn: https://www.linkedin.com/in/darryl-wang-096326104/?originalSubdomain=sg
Twitter: https://twitter.com/0xWangarian
Instagram: https://www.instagram.com/wangarian_brewmaster/
Twitter: https://twitter.com/tangent_xyz
Website: https://www.tangent.ventures/
Contents of the Video
0:00 Who is Darryl Wang?
1:34 Mantle Partnership
3:42 Exploring Moral Integrity in Crypto Communities
6:31 FOMO and Greed within Crypto Communities
9:21 What’s your Moral Code?
11:41 Meet Darryl Wang: Co-Founder of Tangent
12:07 Getting into and Transitioning into Crypto
16:11 Getting Hired by DeFiance
18:21 Life Lessons Learned from DeFiance
18:51 Making First Million from Crypto
21:00 Managing Risk in Liquid Trading
22:44 Balancing Conviction with Investments
25:46 Investment Strategies and Risk Management
28:44 Solana: Missing Opportunity and Bouncing Back
35:06 Knowing When to Double Down
41:47 Astar Network Partnership
42:37 Crypto Genius’s Take on Meme Coins
47:45 Crypto Founders and their Skill Sets
49:31 Fundamentals in Crypto in Meme Coins
53:35 Investing in Crypto as a ‘Normal Person’
54:51 Michael Saylor and Bitcoin Cycles
55:28 Decision-Making in Crypto as a ‘Normal Person’
58:13 Protecting Yourself in Market Cycles
1:00:06 Darryl Wang: Meme Coin Trading
1:04:22 How to Know When to Stop?
1:07:51 Bitcoin Halving and its Cycle Position
1:11:16 Factors that Affect Crypto Cycles (Bitcoin)
1:12:26 Investing Through Market Cycles
1:14:30 Reading Market Cycles and Their Patterns
1:17:22 When to Invest in Market Cycles to Mitigate Losses
1:18:45 How to Stay Disciplined while Investing?
1:19:54 Impact of ETFs on Crypto Market Cycles
1:22:25 Leveraging Friendships for Smarter Investing
1:25:21 Repeating Financial Crises in Crypto
1:27:39 Predicting the Next Blow-Up in Crypto
1:29:05 Lost Bitcoin Story
1:30:32 What is Tangent? And Why did it Start?
1:32:48 Managing your First Crypto Cycles as a Beginner
1:34:09 How to Bring Value to Crypto Teams
1:36:56 Darryl Wang on Pudgy Penguin
1:38:21 The Potential of Pudgy Penguin
1:41:53 Darryl Wang on Ronin
1:45:14 Darryl Wang on Prime
1:47:26 Investing in Ceilingless Narratives
1:49:35 Advice to Crypto Newcomers
1:51:40 Prediction for the Future of Crypto