Welcome to Issue #48 of Wealth Mastery
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In this issue:
I share my thoughts on when the best time to sell your crypto is.
Rekt Capital examines Bitcoin and the current structure of the market.
Defi Dad has a way for you to earn 60% on stablecoins.
Jesse has a report on the decentralized exchange Sifchain.
The team from EPNS join us to discuss the importance of push notifications within the defi ecosystem.
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 your comments or questions.
The Big Recap
The crypto market is still in the midst of a deep correction and it means a few things.
1 – Everything is on sale! All of those coins you were dying to buy on the cheap a few weeks ago are now at those fantasy prices.
2 – While we all have our models no one can be certain what will happen next. This may seem obvious, but no one knows how long the market correction will last and how long it will be before we get back to new all-time highs. During this period be careful of extreme points of view.
3 – The market is still over flowing with opportunity. Yield farming, stablecoin lending, dip buying, staking, token sales, airdrops, and much more. There is always money to be made!
4 – Nothing broke. This one is actually mega impressive when you think about it. We just had an incredible market dump and yet none of the blockchains broke, none of the core defi protocols went down, none of the stablecoins died. Everything just kept working. Crypto isn’t going anywhere!
In other news both Nigerian and Indian central banks have issued statements that crypto will not be banned in their countries. This is actually really bullish news! Both of those economies are huge. And to be honest the more regulatory FUD we can clear up the better. China has made enough FUD to last for the whole bull market over the last two weeks with crackdowns on mining and trading. Long term reality is though that “banning” crypto is a complete delusion. The best that can be done is to make it harder to buy crypto. As is evidenced by THIS story that Chinese traders are just going to OTC desks to buy and sell crypto for cash on the black market.
Coinbase has announced that the Coinbase debit card will integrate with Google Pay and Apple Pay. This is a HUGE adoption story considering that Coinbase has more than 50 million customers, and by working with these major payment providers it will have a high level of availability. Rewards are 1% back in Bitcoin or 4% back in Stellar Lumens.
Knowing When To Sell
The recent market correction has sent waves of panic through crypto land, and has also seen a wave of panic selling not…
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.
