Welcome to Issue #13 of Wealth Mastery
In this issue:
I share the big market recap and explore how your hidden biases may be sabotaging your investing goals.
Forrest breaks down some of the most important crypto companies that are growing adoption.
Jesse has a review on Parsiq which is an altcoin that has been receiving a lot of buzz recently.
Defi Dad has a tutorial for you on how to farm rare NFTs!
Rekt Capital shares the latest insights on Bitcoin and Ethereum.
Jeff Kirdeikis from Trustswap joins us to discuss how they are changing the way that defi is done.
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 had a very quiet week which means that volatility is coming! So….. not really much to report there except continuing to watch the grass grow while waiting for the next big move from Bitcoin. As I have mentioned before October holds a lot of possible negative catalysts for the markets. None of them may come to pass, or all of them. But short term volatility if we do get it does nothing to change my view on the market long term.
Altcoins have been a mixed bag with some starting to recover after a very brutal September in which we saw the total altcoin market cap drop from 160 to 130 billion. This drop has seen some altcoins shed 50 to 70% off their price in the last few weeks. But a falling price as part of a wider market route does not invalidate fundamentally strong cryptos it just means they are on sale. This is still altcoin season. Money is being made every single day! You just need to be look at the markets with a sober mind and be on the hunt for opportunity.
The S&P 500 has been flat this week with the markets largely seeming to bewaiting to see if the proposed new stimulus deal will get off the ground or not. While Democrats have lowered their proposal by more than a trillion dollars it may not be enough to reach compromise. A failure to pass this bill will be bad for equity markets, but if it does pass then October could buck the trend of being a bad month for markets.
JP Morgan is in the news again for all the wrong reasons. Is anyone surprised? No. But it serves as a reminder of how incredibly broken our current system is. Just one week after the scandal in which it was revealed that JP Morgan had been moving money for drug cartels, terrorists, the mafia, dictators, and every other slimy creature under the rock this bombshell dropped.
JP Morgan has been caught red handed manipulating the gold and silver markets for 8 years. They got a 920 million dollar fine from regulators. Which sounds like a lot, but it is just the cost of doing business for a…
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.
