Welcome to Issue #18 of Wealth Mastery
In this issue:
I discuss whether it is better to be a trader or an investor in the market. I also cover the top 5 electric vehicle stocks that you may want to keep an eye on! We also have 2 new token sales on the radar.
Rekt Capital breaks down the Money Flow Channels of Bitcoin and gives incredible insight on where we are in this market cycle.
The team from Cosmos NFT player Persistance joins us to discuss why enterprise and defi are a perfect fit!
Defi Dad has an outstanding tutorial on how to hedge yourself using options.
Forrest has a fantasting breakdown on ETH 2.0 and what it means.
Jesse has an in-depth report on NFT play Aavegotchi. This is a really interesting crypto so make sure to have a read of the report.
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
WOW! What a week for crypto. With the US elections still up in the air at the time of writing Bitcoin and Ethereum are pumping. The bearish scenarios are being proven wrong. Bitcoin has broken out on Dominance charts. And Ethereum 2.0 genesis launch date has been set.
The launch of ETH 2.0 on December 1st is an insanely big deal. We have been waiting years for this to come to life. It is now happening. The deposit contract for ETH 2.0 is now open meaning that if you want you can deposit your Ether. Does that mean you should deposit your Ethereum? Well it all depends on your risk tolerance. You see the tricky part is that this is a 1 way trip. The Ether you send will be locked in the platform for at least a year, possibly longer. The risk is that you will not have access to your liquidity during this time. You could miss a chance to sell. So only send ETH that you will be okay not seeing for a long time. The reward is that your ETH may make some very lucrative rewards from staking. Personally I am not staking in ETH 2.0. I want liquidity, and I am currently getting 5.25% on Blockfi so I am happy.
With everything moving so fast the last few days it is easy to forget that in the last week the Central bank of Iran has announced that they will start buying Bitcoin, and that the third largest bank in Russia will also start offering Bitcoin to the customers. Mainstream adoption is happening. This is very bullish for the future of this market.
Grayscale has had another record week. Purchasing almost 16,000 Bitcoin and 75,000 Ether for their customers. This shows that institutions are deeply interested in gaining exposure to the top two crypto assets. This reinforces what we are seeing now with majors rallying while altcoins continue to…
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.
