Welcome to Issue #6 of Wealth Mastery
This is another jam packed issue helping keep you on top of the market.
In this issue I give a timely reminder of why we need to protect our capital, I also discuss how to keep fees down when using Ethereum, and share some serious alpha on potential exchange listing pumps. Also this week we have a few new token launches we are keeping an eye on.
Defi dad tells us how we can keep ourselves safe by using defi insurance when traversing the jungles of Ethereum.
Jesse has a fantastic report on Swingby the cross chain swapping protocol linking Binance, Bitcoin, and Elrond and investigates is the hype is actually warranted.
Bobby Ong of Coingecko.com joins us to talk about defi, oracles, dexs, and other hot trends.
Forrest dives into Elrond and why it is such a game changing crypto.
Rekt Capital covers Bitcoin and Ethereum giving us reflection of where we are in the market. He also has some hot off the press analysis of Stellar Lumens, Tezos, Waves, and Litecoin!
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.
ANOTHER CRAZY WEEK
There have been a lot of coins popping off like crazy, and others crashing hard. Anytime Bitcoin wakes up it sends the altcoins scurrying like mice before a lion. This market is famous for being incredibly volatile and this week is really proving that is true. For long term investors buying fundamentally strong cryptos all of the ups and downs are not too stressful, just another day in crypto, and usually a great time to buy a dip! BUT I know that the allure of fast gains is tempting many people to make risky trades, and to fomo into the latest Uniswap listing. So here is a quick reminder about one of the most important realities in this game.
Protect your capital!
I read a comment from a community member who lost 75% playing with altcoins on Uniswap that is intense. It is not clear if that was his entire portfolio or just the ROI on the dozen or so coins he had bought there, but let me put that in perspective for you.
To recover from a 20% loss you need a 25% gain, which is tough but achievable.
To recover from a 50% loss you need a 100% gain, this is crypto so anything is possible.
To recover from a 75% loss you need a 300%, FML 🙁
Isn’t math fun?
Recovering from a major loss of capital can be incredibly frustrating, mentally fatiguing, and financially difficult. I know I have been there before. Save yourself the heart ache and sleepless nights.
Here are some quick notes to write down on a post it note and put on your computer if you feel the temptation to make risky plays.
Don’t over trade! Find strong set ups, with strong confirmations, don’t fomo into trades because someone is shilling it. If you are making 2 or 3…
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.
