Gm friends,
Welcome back to another Premium Investor Report.
Let’s jump right in!
Here’s what’s in today’s issue:
- My portfolio updates.
- Jesse has a deep dive on Blast Network: Is it a moonshot?
- Sam has the top 3 NFT drops.
For any crypto related questions please comment on the website.
Buys and Sells
I think the time has come to slow down the buying dramatically.
My portfolio is pretty heavily stacked right now. And once the next uptrend starts I think that it will largely be the end of sweet deals in the market.
My thinking…
Fewer open market buys in general. The last few months I have been adding a lot of new stuff and adding to existing positions.
While there is still huge upside to the market, I think I am mostly ready for that and don’t need to keep adding much more. Especially as prices rise, the risk reward equation will continue to change.
I know prices are low now, and that may tempt a few nibbles, but more broadly speaking it is time for a major slowdown in buying.
I might buy more next week when I am back in the office and can access my exchange accounts again, but only if prices are still low and even then that will be limited.
No stress either way. I just need my portfolio to 4X… maybe 5X… which feels pretty feasible considering where we are.
No more presales. I am lucky that I get to participate in the startup market. It is a high risk part of the market, but can be very rewarding sometimes.
That being said, with the market getting into more advanced stages and with all of these deals having long wait periods for token unlocks this is becoming increasingly dangerous to put money into IMO.
I am sure there will still be something good I need to ape into, but I am mostly saying no.
Plus, I have a huge amount of tokens that will come in over the next months from existing sales, so again, not feeling a deep need to add more risk.
OTC deals are still coming through with some interesting offers on things like Fantom and Covalent that have big catalysts coming over the next months. I will still consider these from time to time.
Airdrop meta changed real fast. We went from good airdrops to everything being heavily diluted and mega dumping on release. It has become not really worth the time for the most part for me in my portfolio.
I will still mess with airdrops on the experiment portfolio, but overall, airdrops are something I will be focusing a lot less time on. Some decent ones still to farm when I have the time and energy like Orderly, but I haven’t done much with it in a few weeks.
Besides, a big part of my airdrop farming was to prove to all of you that if you put in the work then you can make big money, and we have made big money!
That being said, there still exist some cool opportunities for farming like Etherfi round two airdrop. Or farming AERO. Both are lucrative and a good way to keep cash rolling in.
There are still some interesting opportunities in the market. I will probably still add a little bit to existing positions, and will still probably get into the occasional new coin. But I am starting to feel like the buying time is largely coming to an end.
This all being said, I bought some Ethereum this week around $3,300. I put in a sell order for that Ethereum at $4,800. Let’s see what…
