Welcome to Issue #9 of Wealth Mastery
In this issue:
I give a recap of the last week, talk about defi insurance, give some tips for finding good entries, and speculate about finding the next FYI like pump. We also have a few new coins in the token sale section so make sure you take a peak.
Heidi goes over the pros and cons of using different market data sites.
Forrest breaks down the Cosmos Ethermint and why it is a big deal!
Jesse has a report out for us on Orchid. He is NOT impressed make sure you read the report if you are considering investing.
Defi Dad shares the latest yields to watch out for in Defi, there are some wild returns right now if you can afford the gas fees.
Rekt Capital covers the latest technical analysis for Bitcoin. Considering today’s big drop this is a critical read! He also dives into the prognosis for Ethereum, Litecoin, and Waves.
BTW BZX was supposed to do an AMA this week, but got too busy with the launch of the staking protocol this week.
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.
The Big Recap
These are incredibly exciting times in the market and are becoming more and more reminiscent of 2017 and the ICO boom. This is of course both a good and a bad thing. Good because there are so many opportunities to make money, and everything is mooning, especially defi coins. Bad because greed is firmly in the driver’s seat of the market and risk taking is reaching epic proportions. Basically every metric is going through the roof right now.
At this time most of the action is happening on Ethereum since that is where all the good defi apps are. The result has been an insane spike in Ethereum gas fees. Meaning that defi has become a whales game, as even basic transaction are costing eye watering sums. Meme coins are ruling the roost right now in defi town, sushi, cream, pasta, it is financial insanity and I love it! BUT that does not mean I am playing the game. Yes money is being made, but insane risks are involved. Bugs, exit scams and hack can and are happening. Greed is driving people to lock million in unaudited smart contracts from anonymous teams. Remember we are investors not gamblers. The biggest gains come from buying fundamentally strong projects when they are cheap and holding them and selling when they go high.
That being said I would not recommend ignoring the defi trend. I am personally using Yearn to lend out a massive amount of my Ethereum and USDC. Platforms like Zapper.fi make it super easy to make some very interesting returns using different pools. Platforms like Yearn, Aave, Compound, and Balancer, are safe enough to play…
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.
