Welcome to Issue #39 of Wealth Mastery
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In this issue:
I share some portfolio management tips.
Hashoshi explains Ethereum’s EIP 1559 upgrade
Defi Dad has a tutorial on how to earn Reflexer tokens.
Rekt Capital has an incredible report on the state of the market.
Jesse has a report on crypto options platform Hegic.
The team from Moonbeam, one of the buzziest projects building on Polka Dot, join us to discuss their Ethereum bridging solutions.
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 email with comments or questions.
The Big Recap
The crypto markets have been buzzing this week, although many coins remain below recent highs. A very promising indicator that the markets are getting ready to move higher is that Bitcoin has tested and bounced off of the 50-day moving average. This tends to be a good reversal signal in a bull market. On-chain indicators continue to show strong demand which is outstripping the supply inflows from miners and whales. Every major supply dump is being absorbed by the market with a dramatic increase of coins in the hands of new investors.
Big news this week from both Visa and Paypal. Visa has completed its first USDC transaction on chain via the Ethereum network. They will open up the payment services to partners later this year. Paypal has also enabled payments using Bitcoin, Litecoin, Ethereum, and Bitcoin Cash for US users. Crypto payments are starting to get some serious mainstream adoption!
The CME home to the infamous CME Bitcoin Futures gap is expanding their range of products for Bitcoin with a new “micro Bitcoin” contract offering. Essentially, offering smaller contract sizes for retail investors. Obviously, there is a demand for this since futures trading is one of the most popular things in crypto, and the CME must be feeling the heat from platforms like Binance and Bybit as well as the impending Bitcoin ETF products. Pending review, the product will be launched in May.
Portfolio Management
This week I want to discuss a few important reminders in terms of managing your portfolio. This is one of those topics which isn’t particularly sexy, but in the end is very important for your consistent success. Below are my main tips.
Rebalance: The idea here is simple when one of your bags starts pumping like crazy and as a result taking up a large percentage your total portfolio by percentage then it may be time to consider trimming the position. Let’s say your ideal allocation for coin X is 5 to 10% but it is currently 25% of your portfolio. Well….. consider cutting some of that position. Take profits on it and either add to other positions or more your…
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.
