In This Issue
- I share my thoughts on the state of the market, Bancor meltdown, Solend, Celsius updates, more de-pegs & and more mess around centralized platforms.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on how to approach NFTs in a bear market.
- Defi Dad has a tutorial for you on how to earn up to 28% APR in ETH with Hop on Arbitrum.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
For any crypto related questions please comment on the website.
For any support related issues please visit wealthmastery.io
👉 DOWNLOAD THIS ISSUE AS A PDF HERE 👈
Announcement!
Hello Wealth Mastery Community,
Before we get into the newsletter today, I have a bonus piece of content for you!
I know many of us are frustrated and even fearful of the current markets and probably our portfolios too. Some people might even be thinking about leaving.
But, it’s important to recognize that those who make it through this have the best opportunities ahead of them. I want to help you understand where we are in the market and what those opportunities are.
To do so, I joined the Web3 Academy Podcast to address the current state of the markets and how to survive the bear market. This podcast allowed me to share my thoughts in long-form about everything happening in the markets and where I believe it’s going.
I highly recommend you tune into this podcast as additional learning, above what is already taught here in the Wealth Mastery Investor Report.
Near the end of the episode I also share an announcement on a new feature being added to your membership in the coming week 👀
You can listen or watch on: Spotify, Apple Podcasts or Youtube
Buy, trade, and hold 600+ cryptocurrencies on Binance
What’s On My Mind by Lark
<h3 id="the-state-of-the-market“>The State of the Market
The sentiment has been a real roller coaster the last week.
When Bitcoin was under 20k everyone was saying to sell now because it was on its way to zero. And sell they did, about 20 billion in losses were realized this week.
And when Bitcoin crossed back over 20k everyone was freaking out because this was their last chance to buy before it rockets to the moon.
Emotional control is hard but key in such market conditions.
The simple reality is that those who gave up and walked away during the last bear market missed out on huge gains during the last bull market.
This chart shows that Bitcoin investors realized over 7 billion in losses in just 3 days last week.
The weekly total got close to 20 billion. This is brutal, but a reality of markets. Far too many buy high and sell low.
Keep calm. Stay consistent in your investing plan. Do not blow up your account by going too hard too fast or by over using leverage.
There remain big risks while deleveraging events continue to loom.
Celsius has half a billion worth of Bitcoin with a liquidation price of $13,600, a Solana whale 160 million dollars worth of SOL at $22.3, and an ETH whale with 140 million on the line to be liquidated at $895.
There are more, but you get the idea.
Any one of these could trigger a HUGE liquidation cascade.
Can they post more collateral? Will disaster be averted? Let’s hope.
And as a reminder, macro…
