Welcome to Issue #11 of Wealth Mastery
In this issue:
I break down knowing when to cut a losing position as well as the big recap for the week.
The team from Matic joins us to discuss how they are enabling layer two defi to come to life.
Heidi has some super important practical tips about preserving your privacy when using crypto.
Forrest has an awesome report comparing Chainlink, Tellor, and Band.
Defi Dad has a sneaky Ethereum yield hack for you.
Jesse has a review on the Polka Dot player Stafi and examines if it is really worth all of the hype.
Rekt Capital has very important Bitcoin analysis on why this rally could be nothing more than a short lived relief rally.
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.
As always feel free to reach out to me by responding to this e-mail with comments or questions.
The Big Recap
Bitcoin has staged a rebound currently sitting just above $11,000. Meanwhile many seem to be selling their altcoins at 50% losses to fomo into a 2% Bitcoin move. This market is crazy. Remember if you bought fundamentally strong cryptos then holding through the ups and downs in the market shouldn’t be too much grief. However if you find yourself stressing about paper losses and are contemplating realizing those losses then let this be an important lesson in your investing behavior. If you have been chasing the food meme coin of the week and only fomo bought because people were chattering about it on Twitter then you definitely need to tighten up your game!
The Federal Reserve has come out saying that interest rates will remain near 0, and inflation is targetted above 2%. This will be the policy for the foreseeable future for the Fed. This is actually thus the perfect environment for a long term Bitcoin rally, and really for the new cycle to take place in. The 175 million in extra Bitcoin just bought by Microstrategy is not an abberation, they are simply an early mover. I fully expect to see more companies coming into crypto over the coming months.
Defi suffered another week of hacks and exit scams while at the same time delivering hot valuable new technology.
First we need to mention the BZX exploit that resulted in millions being lost, then mysteriously returned by the attacker. The exploit came as a result of exploiting a certain kind of token, you can read about it here. BZX by the way has been heavily audited by the top audit firms in crypto. I am still a BZX fan and holder by the way. But this story just underlines that even platforms that have undergone extensive audits have risks and attack vectors. So please be careful, if you are using defi now then you are a pioneer.
A fly by night Uniswap listing called YFDEXF pulled a 20 million dollar exit scam. This…
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.
