Today's episode of Empire Santi opens up about the biggest investing mistakes he's made throughout his crypto journey, from getting carried away with trading in Bitcoin's early days, to not re-underwriting his Ethereum thesis as the price soared, to chasing dependent projects during the ICO boom. He unpacks the importance of differentiating between errors of process vs. errors of outcome, shares hard-earned lessons on portfolio management and tax implications, and discusses how to handle the psychological challenges of investing. Stay tuned for all of this and much more!

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Wormhole is a decentralized interoperability platform powering multi-chain applications and bridges. It provides developers with access to liquidity and users on over 30 leading blockchain networks, enabling use cases in DeFi, data queries, and governance. The platform is trusted by teams like Uniswap and Circle and, to date, the platform has facilitated the transfer of over 35 billion dollars through over 850 million cross-chain messages.

Claim your unique Wormhole NFT at

https://wormhole.com/empire8-8812

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Monad is a fully EVM compatible Layer 1 blockchain that can support 10,000 real transactions per second. Monad aims to open up the design space for the EVM to support high fidelity defi, consumer facing applications, and more generally allow crypto to scale to the masses.

If you are interested in participating in Monad's journey, follow: https://twitter.com/monad_xyz and join: https://discord.gg/monad

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Shardeum is an EVM-based autoscaling blockchain

Learn more and spin up your node today: bit.ly/shardeum-blockworks-1

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Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks.

Use the link below to learn more, and use EMPIRE10 to get 10% off your ticket! Sign up now because the price goes up every month. See you there!

Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home

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Timestamps:

(00:00) Learning from Mistakes

(05:22) First Big Mistake

(12:34) Know your Game

(16:00) When to Sell

(24:03) Mistakes in ICO Era

(32:40) Tax Implications & Strategy

(34:22) Profit Taking & Identity

(39:55) Wormhole ad

(41:22) Monad Ad

(42:20) Shardeum Ad

(43:17) Private Deal Mistakes

(46:15) Dealing with Mistakes

(54:08) Biggest Rug

(56:04) Biggest Paperhand

(01:02:28) Preparing for Success

(01:06:36) Investing in Dependencies

(01:09:54) Biggest Mistakes

(01:23:17) Jason's Mistakes

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.