In This Issue
- I share my thoughts on the state of the market, doing nothing right now, risk management, are NFT’s dead again & phishing attacks hit major sites.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on NFT Trends.
- Defi Dad has a tutorial for you on how to earn up to 48% net APY with USDC on Aurigami Finance on Aurora.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
For any crypto related questions please comment on the website.
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Buy, trade, and hold 600+ cryptocurrencies on Binance
What’s On My Mind by Lark
<h3 id="the-state-of-the-market“>The State of the Market
Still far from awesome.
We did have a potential capitulation event last week though.
BTC and ETH (61% of the market by value) were oversold on the daily RSI, both hit major zones of price support, and both bounced as buyers stepped up.
We saw major buying take place last week and a big spike of crypto going to exchanges also took place showing a likely moment of capitulation.
The trading volume spike also indicated a possible capitulation event.
That being said, I still feel like we are far from being out of the woods regarding the macro investing scene.
A lot of fear and uncertainty still persist in the equity world, and what happens in equities causes ripples in crypto.
<h3 id="do-nothing “>Do Nothing
I know that because of the 24 hour nature of the crypto market, the non-stop stream of people posting wins, charts, and panic on social media that there is a constant need to feel the need to be doing something.
Here’s the truth.
You don’t need to.
You can literally just be doing nothing right now.
Assuming you have your bags packed, then you can just be chilling.
Set up your staking, put money into a “safer” defi farm like Bancor, lend on Celsius, or just HODL in your cold wallet and wait.
Sure your bags might be under water, but basically everyone’s investments are under water.
It doesn’t matter what you are investing in.
Stocks are down, metals are down, property is down, crypto is down… it is a bloodbath out there!
But in the vast majority of situations markets recover.
I fully believe we will see new highs for Bitcoin.
The only question is how long it takes.
I suppose it comes down to your time frame as an investor.
If you were here to get rich overnight, then I have some bad news for you.
But if you are here to secure long term financial freedom, then just wait.
The best times are yet to come for crypto.
Also, do always ensure that you have enough cash on hand to ride out any irrationality in the markets.
It may not be sexy, but neither is needing to sell your coins at a loss to get some cash.
PS, do remember that you can take loans versus your coins versus selling them using services like Celsius or Maker Dao.
Personally, I have been buying more Bitcoin and Ethereum, and some little nibbles on some altcoins I like.
But for the most part I am maintaining a strong defensive position with my cash.
I am staking, lending, and farming.
I am still holding most of my altcoin…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
