In This Issue
- I share my thoughts on the state of the market, CPI data is in, risk management, an Aave stablecoin, NFTs & Mt Gox.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on Avalanche NFTs.
- Defi Dad has a tutorial for you on how to earn up to 112% LP’ing the stablecoin yield index PONY.
- 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
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What’s On My Mind by Lark
<h3 id="the-state-of-the-market “>The State of the Market
Still not awesome. You probably noticed.
All crypto assets remain in a major downtrend and are not even close to the levels that would be needed to start talking about real reversals. A relief rally still has not come around to ease the pressure on the market.
Bitcoin is now working on closing its 5th weekly candle under the 200 week moving average which is a totally unprecedented event for Bitcoin.
Fear remains the predominant emotion in the markets. These are psychologically the most difficult times for investors. A macro bear market is a tough event to live through. Your crypto is down, your stocks are down, your metals are down, your property is down, and your cash is getting eroded due to inflation.
There is nowhere to hide. Which all sounds grim, but remember, nothing last forever. While markets are in the gutter now, recovery will come, even if it takes a while.
This is why I am not going anywhere. Why I will keep investing. Why I will keep working to make my family’s future the best it can be!
I know it is tempting to throw in the towel during a bear market, but those who stay will be best positioned to profit in the next bull run!
<h3 id="cpi-data-is-in-and… “>CPI Data Is In And…
9.1% is the new inflation rate out of the USA.
This is higher than was expected, but markets didn’t freak out too much which is good. Seems that a lot of this was priced in already.
That being said 9.1% is NUTS!
A lot of people are however starting to speculate that inflation has topped.
The reason why the numbers for June were so bad is that commodity prices soared to local highs during that month.
Only in the last days of June did prices start to cool, and they have now been cool for all of July. Leading many to speculate that we will see inflation come down when we get numbers for July in mid-August.
That being said, just because inflation may have peaked and may come down does not mean that it is going to fall back down super quickly.
High inflation could be around for a while.
The next big market moving event on our calendar, earnings season for corporations, which starts next week.
<h3 id="risk-management-is-still-a-thing“>Risk Management Is Still A Thing
I know that might sound crazy, but now is NOT THE TIME to blow up your portfolio.
Anyone involved in crypto has taken big losses. It hurts. It can drive some investors a bit crazy even, and before you know it, the mistakes start to compound.
The urge to gamble harder and make it all back creeps into your…
