Iris Energy made $56K per Bitcoin mined in August. Yep, you read that correctly.
Keep reading to find out how they did it. It’s a good one.
Also!!! Our brand-new trading course is still available at a 50% discount—but only until September 11th.
Elevate your trading game and learn how to profit regardless of market conditions!
Here’s what’s in today’s issue:
- My portfolio updates.
- Rebecca shares her thoughts on Bitcoin’s recent wins, a possible central bank pivot, the spot ETH ETF race, DYdX launching a decentralized order book and Google jumpstarting NFT games.
- Altcoin Alpha by David.
- Airdrop of the week by Jesse.
- Jesse has a deep dive on Echelon Prime, a collectible crypto card game.
- Sam has a report for you on why people are so angry with Mr Beast, Creator League, and NFTs.
- In case you missed it by Rebecca.
For any crypto related questions please comment on the website.
Thanks to Phemex for sponsoring today’s newsletter.
Trade on Phemex to participate in the xPT Pre-mining event. Mint your Phemex Soul Pass (PSP) today and when you start trading receive an airdrop of Phemex tokens based on your trading activity.
Buys and Sells
I bought more Chainlink at around $6.
I sold some VEGA tokens from a previous venture investment that I had forgotten about and were floating around in my wallet.
I added liquidity to the mkUSD/FRAX pool on Prisma Finance. This required first depositing coins on Curve Finance. This is just a small sum of a few thousands dollars to try and best position myself for a potential airdrop.
Farming
Quick word of warning before I begin here.
I am using experimental platforms which could be hacked or exploited. Understand that if you follow anything I am doing here that you risk losing all of your money.
Layer Zero I did a bridge transfer on Altitude, which is a new protocol working with layer zero.
Farcaster
I created an account on Farcaster. You literally need to message the founder on Twitter for an invite.
- I am actively using the platform.
- I also minted a Farcaster NFT here
Ethermail
I created an account and sent a few emails.
StarkID
I registered an ID over on starkID.
Venom
I finally got around to getting on the Venom network.
Existing Farms
In addition to all the new stuff I did, I also did more transactions for all existing farms.
The Big Selling Plan
I wanted to write this for you as it is something I have been working on for myself as I mentally prepare for the next cycle. I hope that sharing it provides you with useful frameworks. I will inevitably update this over time.
When I Will Sell
While I am putting in price targets for reference and to keep my brain sober, I am also watching sentiment and technicals. Here are some signs I am looking for to know it is time to fully exit the markets.
“TAKE YOUR PROFITS OR THE MARKET WILL TAKE THEM FOR YOU”
Sentiment:
- Bitcoin Fear and Greed Index hits over 90 (note it can stay there for a while, thus this is more like an early warning sign to get ready)
- Coinbase and other crypto apps reach the top 10 most downloaded apps. On October 29th 2021…
