In This Issue
- My latest portfolio updates.
- Rebecca breaks down this week’s trending coins.
- Erik has a report for you on privacy tools.
- The team from Axelar discusses how they delivers secure cross-chain communication.
- Jesse has a deep dive for you on Kadena.
For any crypto related questions please comment on the website.
For any support related issues please visit wealthmastery.io
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Buy, trade, and hold 600+ cryptocurrencies on Binance
Lark’s Portfolio
This Week’s Moves
Bitcoin stacked at $18,450.
Avax bids filled at $17. While I am interested in adding more AVAX, I am in no rush.
Slowing Down Crypto Purchases
The global markets continue to look shaky. And they have me feeling that we could still see a lot of turmoil. Even though I have been just making small nibbles for many of my recent crypto purchases, I think I might even slow this down for the time being.
The truth is that now the market is in hard mode. It is a lot less fun time to be involved in the market.
That is not to say I won’t be doing anything. There is still plenty to do in crypto.
There will be a lot of nice bear market rallies. They can be great for making money. Remember my Ethereum trade from $1,100 to $1,780? There will be loads of plays like that in the bear market.
But profits must be taken aggressively in a bear market. We are a long way away from a reversal. And while I will continue to add into some positions, it will be small nibbles. There is no need to deploy big capital with macro looking so shit. The bear market will give many opportunities to build into positions.
The bear market will also present many ways to make money. So pay attention!
The Drama Of Selling
I live in a weird world as an “influencer”, if I ever say I sell something there will always be a cohort of people that freak out!
You as an individual investor will likely not face those kinds of issues, but what I wanted to point out is the very real and hard truth of investing is that no one but you is in control of your portfolio.
It can be hard to drown out the noise sometimes with influencers and random punters on social media all saying why to sell and why not to sell. A poll of opinions on the price of any asset will always be filled with people 100% convinced the asset will crash, and those 100% convinced the asset will moon.
Both cannot be right. Don’t let the team sports mentality of crypto investing get to your head.
Remember why we are here. To make money. This never happens unless you sell at some point.
Now you can have longer term goals, but if you want to realize a gain then the sell button must be clicked.
Here are a few thoughts:
Swing Trades – selling rallies and rebuying the dumps can be a decent strategy in any market scenario. It is a more active strategy and involves some risk, but can be a good way to keep the money flowing and grow your overall holdings.
Taking Profits – just sell and walk away from the asset. Take your money and maybe reinvest somewhere else or just buy yourself something nice. There is literally nothing wrong with this.
Long Term Bags – I always have long term bags that I hold onto. Certain amounts of Bitcoin, Ethereum, and a few other coins that I will not be…
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.
