Welcome to Issue #8 of Wealth Mastery
In this issue:
I share some investing tips to keep you level headed in these exciting times. I talk about Ethereum layer two solutions that I am bullish on. I also give a quick tutorial on Coingecko and finding markets. I also have a reminder for you about the dangers of marrying coins, and cover the latest hot tokens offerings coming up!
Keli from Algorand joins us to discuss why Algorand is a crypto worth paying attention to and what their recent defi pivot means for them.
Defi dad breaks down with simple step by step instructions how to earn awesome yields using defi.
Forrest has some very timely reminders for you on taking your security seriously. Remember one mistake can cost you everything. So make sure you read it!
Jesse has a report on the much hyped Mantra Dao a new polka dot defi player and breaks down whether or not the hype matches the reality.
Rekt Capital has some critical must read analysis on the current state of Bitcoin and also dives into Ethereum, Litecoin, and Waves.
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.
Exciting Times
These are exciting times in the market, in case you hadn’t noticed we are currently on our way to the moon! Basically every metric possible is confirming this reality from onchain metrics, to new token launches, to funds raising unreal sums of money. Everyone wants to get rich and crypto is a sure fire way to do it, but it is not as easy as you may think. There are still some core concepts that we as investors must keep in mind.
1 – Investing for the long term is still where the most gains are to be had, BUT this only applies to cryptos with strong fundamentals. Yes, your uniswap gem can give you 20X in a few hours and it can also give you -99% in the same time. Speculating is fine and we all do it, but move the gains from highly speculative plays back into Bitcoin, Ethereum or a stablecoin like USDC.
2 – Diversification is important to get the gains that you want from the market. Yes, you can just buy Bitcoin and hold it. That is a simple strategy. But since you are a subscriber to this newsletter I have a feeling that you are after bigger rewards. A strong portfolio will have exposure to big market cap coins like Bitcoin, Ethereum, and Polka Dot, mid caps like Kyber and Elrond, and small caps like Orion or Pnetwork. Big caps = low risk low reward, mid caps = medium risk medium reward and small caps = high risk high reward. Balance is key, yes, you can have a portfolio of nothing but super high risk low cap coins, but while you may get rich quick you may also lose it all even quicker.
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.
