GM, friends. That’s a wrap!
This is officially the last Premium Investor Report of 2023.
With that being said, I thought it would be a good idea to look back at some of my wins and losses from the last year as well as what I plan to do better.
Let’s go!
Here’s what’s in today’s issue:
- My portfolio updates.
- Jesse has a deep dive on Bittensor and how subnets will revolutionize AI.
- Sam has the top 3 NFT drops.
For any crypto related questions please comment on the website.
Nothing new this week.
Although as we come close to the end of the year I want to reflect on a few things. It has been a crazy year.
What I Did Well
The wins in crypto always make up for the losses. Here are a few that I put in this year.
Chainlink has been a slow mover. But once I learned what CCIP was doing I made a big position. While LINK has been moving slower since its big first initial lift off, I think it has great potential for this market cycle.
Injective has gone insane. I am happy to be holding a fat bag, and also regret any single INJ coin I have ever sold. They were all sold at a profit mind you… but still… the profits could have been much larger.
Beam (formerly merit circle) is a coin that I farmed a shit load of, and then bought some more once I learned about the launch of BeamChain. Gaming will be massive and this one could be well positioned to take advantage of that run.
My farming game has been pretty on point, but it can still be better. It is getting hard to keep up with it all though. Hoping that I get at least a few very solid airdrops worth 10k plus. Coins like Arbitrum and Prisma have been nice wins this year.
Keep playing to my strengths. This market is full of near endless possibilities. I don’t take very much of it, and I do just fine. I like and understand DeFi, gaming, and blockchains. I focus a lot of attention and money there. Other areas like NFTs, I like, but I don’t have the patience to screw around flipping these things.
What I Didn’t Do Well On
Selling some coins during the bear that later pumped. There were a few coins that I capitulated on during the bear market that seemed like not a bad idea at the time, but which later took off. Decimated is one such example. At the time I felt the company was headed to bankruptcy, but they pulled through.
Arbitrum has not been a loss, I am around break even, but it has been disappointing. The most used (by far) layer two network with the biggest TVL, but the token does nothing. Part of me wants to sell and put capital somewhere that I think could be more productive. The other part fears that as soon as I sell the ARB rally will start.
Portfolio management is already getting out of control. With many venture investments starting to release my portfolio is about to explode. And, there will not be a good reason to sell many of these coins this early into the cycle. Some small profits may be booked, I will let you know of course, but in general, the vibe I am feeling now is that this bull market is going to be nuts.
What I Need To Do Better Next Year
Stop mid-curving memes. The old saying comes to mind, do you want to be right, or do you want to make money? I need to just accept that memes are culture. And memes rule the internet. I saw PEPE under 10 million market cap, I heard about GROK around…
