Wealth Mastery #79

Written By
Lark Davis
First Published
January 5, 2022
Last Updated
September 5, 2024
Estimated Reading Time
53 minutes
In this article...

In This Issue

I share my thoughts on taking profits, NFTs, Near Protocol, and the new round of parachain auctions on Polka Dot.

Jesse has a deep dive for you on Injective Protocol.

Defi Dad has a tutorial for you on how to earn big yields on Harmony.

Rekt Capital has the latest technical analysis for you on the market. 

Sam has a report for you on NFT Daos.

Matt has a report for you on Daos. (All about Daos this week!)

The team from Decimated join us to discuss their hot play to earn game! 

Hot new token sales. 

Rebecca has all of the latest news for you. 

Jesse has a ton of hot new airdrops for you. 

Rebecca breaks down this week’s trending coins. 

My latest portfolio updates. 

A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.

Also, every issue will contain more information, tips, hints, and analysis than you can make use of. Wealth Mastery is a tool, you are the craftsman. We are not a signal or pump group, we are a tool shop, you decide what information shared here has value to you or not.For any support related queries, please email me at larkdavis@larkdavis.org

For crypto related questions please comment on the website.

DOWNLOAD THIS ISSUE AS A PDF HERE

The Big Recap by Lark

The crypto markets are tanking again. Am I surprised? No. As I mentioned in my video this week I was looking for more downside. There is still a lot of fear in the market. The news today that the FED will be hiking rates in March seems to have given the market a reason to be spooked again.  While it is probably not what you want to hear right now, the reality is that adverse market conditions like these (and worse) are how the big gains are made in this market. Buying tops is not how gains are made. 

Now I know what you may be thinking, who still has money to buy the dips? Well, investors who took profits and used those profits to create passive income. 

So, today I wanted to talk to you once again about the most important topic in crypto. Taking profits. The reason most investors don’t do well is because they never click sell on those speculative positions. You need to remove your emotion when it comes to your investments. Anytime I post that I have sold some or all of a crypto online I am attacked by bag holders… I mean the community. Ask yourself one simple question, do you want to be part of a “community”, or do you want to make intergenerational wealth for you and your family? Because you often can’t do both. Am I saying that you need to exit 100% of a position? No. By all means keep a moon bag. Am I saying not to buy Bitcoin? No. By all means, buy BTC using altcoin profits. Am I saying to put all of the money back into your bank account. No. You can get stablecoins and farm and or lend for great rates to earn a passive income. Am I saying that now is the perfect time to take profits? No, far from it. Not on most coins, but I find that this topic is a key one to long term success and thus we should remind ourselves of it frequently. Now I know…

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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. 

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