Welcome to Issue #51 of Wealth Mastery
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In this issue:
I share some tips on how make profits even during a down market.
Defi Dad has a tutorial for you on how to earn 578% APY with Instadapp!
Rekt Capital has a great breakdown on Stock-to-Flow deviations for Bitcoin.
Jesse has a report on Polygon defi application DFYN.
The team from Epik join us to discuss NFTs.
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
China is without a doubt the big story of the week. The crack downs inside of China on the crypto industry are intensifying which is causing chaos in the market. The biggest developments this week are that authorities are shutting down Bitcoin mining operations in the Sichuan province now. This is a hydro predominant region that had avoided the initial round of mining bans in Xinjiang and Inner Mongolia provinces. This latest round of crackdowns seems to signal an end to Bitcoin mining in China. But one country’s problem is another’s opportunity. Many miners are planning to move shop to the USA or the America’s more broadly with sites in Canada, Paraguay, and El Salvador all being prepared for miners. Kazakhstan is also looking to bring in more miners. We are already receiving reports that miners have moved, others are likely to announce soon.
The second devastating bit of news of out China is that the government is looking to force banks to stop banking crypto companies as well as any regular account holders. This is much more serious than the mining news since it would mean a crackdown on regular people trying to invest. China is one of the biggest markets globally for crypto, losing all of their liquidity would be bad news. Although, I would like to point out that China has been banning Bitcoin since 2014 with all of the current enforcements simply being applications of laws that have existed for some years. Long term, this changes nothing.
Making Money In A Down Market
The markets are looking super rough right now, but that does not mean that there are no opportunities and that there is no money to be made. You just need to look with different eyes. So this week I want to talk about some of the ways to be earning even in a down market.
Yield Farming has become mega popular in the last year. This trend of farming coins using your existing assets remains mega hot even with the general market turbulence. The farms range from nice “safe” options like Aave on Polygon, to mega degenerate farms where you can earn thousands of percent a year. I prefer the lower risk options. Defi Dad has covered many great farming options in the last few…
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.
