Welcome to Issue #12 of Wealth Mastery
In this issue:
I discuss investing time frames and how to get involved in the NFT craze sweeping crypto land this week.
Forrest breaks down NFTs and why they are such a big deal.
Erick Pinos from Ontology joins us to discuss how they are approaching the defi scene and why Ontology is worth paying attention to!
Defi Dad explains how you can claim and earn the Uniswap UNI token.
Jesse has a stellar report on the Polka Dot player Robonomics and how they are working to bring in the next industrial revolution.
Rekt Capital has some absolutely critical analysis on Bitcoin, Ethereum, and the state of the market.
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
This has without a doubt been a tough month for investors. While top coins like Bitcoin and Ethereum have suffered less many altcoins have had dramatically brutal corrections. Could things get worse for the crypto markets??? Well……
As I shared in my video earlier this week there is a possibility that the equity markets could be heading for a rough patch in October. Historical data shows that the S&P 500 has traditionally had a not good September and a quite bad October in election years. Considering the increased correlation of Bitcoin to these markets this is definitely something we need to be aware of! This does not change my investing thesis on crypto, and I continue to invest and will continue to do so IF October is actually a turbulent month. The silver lining is that historically in election years November and December have roaring gains in the markets.
That all being said the past does not determine the future. currently we have Bitcoin sitting a major areas of support. Many major altcoins are well above their 200 day moving averages, gains are being made on a daily basis, yields remain high, and opportunity is everywhere for those who can look past their own fear.
While it can be psychologically taxing we must Understand crypto market corrections for what they are, buying opportunities. This market is not going to disappear, and will reach new highs, the only question is when. A climate of fear historically is the best time to buy. Seek quality, invest long term, and you will be fine. Honestly so much of your success in crypto will come down to proper risk management. Take profits, keep position sizes within reason, don’t go all in, don’t gamble, etc. You know the drill!
The newest Ethereum killer Avalanche has launched this week.
Will Avalanche actually be an Ethereum killer? It had better get in line, there are lot of of people in the queue in front of them….
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.
