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cover of episode E69: Tangent Co-Founder: How I Made My First $1M in Crypto

E69: Tangent Co-Founder: How I Made My First $1M in Crypto

2024/5/2
logo of podcast When Shift Happens Podcast

When Shift Happens Podcast

Shownotes Transcript

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!


SPONSORS:

šŸ¤– 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

ā™¾ļø 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/

šŸ”˜ 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


Connect with Darryl šŸ‘‡

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 ā€˜Normal Person’

54:51 Michael Saylor and Bitcoin Cycles

55:28 Decision-Making in Crypto as a ā€˜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