Crypto lives & dies by the community. Here’s how to differentiate good from bad.
Community is everything in crypto. Communities create & destroy projects. You can become a 10x better investor by learning to evaluate the community.
In this post, we’ll dive into evaluating crypto communities & how you can identify good ones.
We’re diving into:
- Community ≠ number of followers
- Community ≠ 🚀
- What is real engagement
- Dump vs Hodl mentality
- Social sentiment with lunarcrush
- Cults can win
- And More
Lets get into it:
#1 Ignore the number of followers.
A lot of people associate the strength of a community with the number of followers. This is wrong. For the most part the number of followers on twitters & members in discord is useless.
You may be early, the project might have a small but amazing community, or, they may have bought followers. It’s very easy & cheap to buy followers. Big accounts & verified accounts can still be scams.
Just look at how many Azuki & BAYC verified bots are popping up
