Welcome to Issue #25 of Wealth Mastery
In this issue:
I discuss one of my favorite trading tools, the RSI. This is a simple to use tool that can be useful for both traders and investors.
I also take a look at silver, gold’s little brother. Although I generally prefer stocks to metals. Silver is actually quite an interesting play.
Forrest covers how the recent defi attacks have been happening. If you are a defi user it is well worth a read to understand the risks.
Jesse has a fantastic report on the defi protocol Barn Bridge. Well worth looking into.
Terra Virtua one of this year’s most interesting NFT players joins us to discuss how they are shaking up the NFT game!
Defi Dad has a tutorial on how to earn good yield with an innovative new stablecoin provider.
Rekt Capital has the latest technical analysis on Bitcoin and the crypto 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
First off, Merry Christmas! I wish you all a happy holiday filled with friends, family, laughter, and good food! Make sure to actually take time off during the holidays and be present and engaged. The market will be here waiting for you. So get away from the computer, after reading the newsletter of course, and be merry! 🎅
As the price of crypto soars once again regulators are crawling out from their holes and attacking the industry. In the last two weeks we have got three massive shots across the bow for crypto.
1 – The new regulations regarding “un-hosted wallets” AKA wallets you control the private keys of. This regulation was hastily put together, will not likely achieve the stated aims, and will put a lot of unnecessary burden on the industry. This is a hail mary by the current US administration to smash out this law before their term is up. The usual 60 day public submission period was reduced to 15 days, and it has now it seems that they will not be accepting public submissions!!! Da Fook Man!
2 – The new regulations regarding stablecoins are also being rolled out. These will require stablecoin issuers to apply for banking licenses, register with the SEC and Federal Reserve and jump through a bunch of other hoops. The CEO of USDC is pissed about this. But in reality the only stablecoin which will really be hurt is USDT since they are so plagued with drama. USDC and PAXOS will be fine. DAI and sUSD will be fine too since they are collateral coins, not backed by USD in bank accounts like the others.
3 – Ripple is likely to be sued by the SEC over its sale of the XRP token. Now we know why Ripple has been considering moving to Japan. Seems they should have pulled the trigger on that…
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.
