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How To Make A SHIT TONNE OF $50,000 Using Utility Coins

1.

🧵 Part 41: HOW TO MAKE A SHIT TONNE OF

Spotlight FTT @SBF_FTX

+ GT @gate_io

Utility tokens. You get tiered discounts on commission if you own certain amounts.

Both tokens have outperformed BTC in the bear market.

My concern is the UPSIDE.

2) FTT and GT are essentially

a bet on crypto volumes increasing + market expansion.

I just think going forward they will be lower beta plays than even the larger L1's.

Sure they protect you on the downside, but I DGAF about the downside.

3) I am putting in this work as I believe crypto will be a VERY bullish industry over the next 2 to 10 years. (once macro risk subsides)

So I want to own coins that will STRONGLY OUTPERFORM BTC or ETH.

Exchange utility coins are not the answer.

4) FTT/GT - Unless you are trading gazillions every day on @FTX_Official or @gate_io - YOU SHOULD NOT BE HOLDING THESE COINS.

If you have to be invested in crypto, sell these coins and just buy a combo of ETH + BTC.

Similar return profile, far less risk.

CAPICHE?

5) PS: I said this before - some utility coins will be interesting at lower market caps. But in the instance of FTT/GT, the boat has already sailed.

This post is based on this twitter thread.

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