In This Issue
- My latest portfolio updates.
- Jesse has a deep dive for you on Gains Network.
- Sam has a report for you on the best Cardano wallets for NFTs.
- Rebecca breaks down this week’s trending coins.
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Buy, trade, and hold 600+ cryptocurrencies on Binance
Lark’s Portfolio
This Week’s Moves
I staked some GLMR that I had received as part of my venture investment. Unless something dramatic happens I will be holding this GLMR into the next cycle and waiting for higher prices to sell.
I received some more GF from my venture investment and will be holding it for the time being, so I added it to my portfolio.
I claimed my JOE staking rewards and used them to buy more JOE which I then staked.
I bought some BTC. Like I said, beyond what I am compartmentalizing from that unexpected tax hit I am just sticking to my normal plan and continuing to average into BTC during this bear market. Sure, the tax thing was a setback, but c’est la vie!
Time To Go All In?
With the markets rallying for the first time in what feels like forever the temptation for investors is to deploy all of your sidelined cash to chase the pump.
Is that the right call?
Well for me, it is not. And as the FED wrecking ball proved, it would not have been the right call for many.
I am quite happy sticking to my plan of DCAing into Bitcoin during this bear market. And occasionally adding a little pinch to the occasional altcoin bag.
To be clear I am balls deep into crypto, and my portfolio is massive.
But am I tempted to smash the buy button and exit my stablecoin position right now? No, not particularly.
The reason being that there is still so much potential for risk in the markets.
If we moon hard then I am positioned for that.
If we see new lows in a few weeks then I will keep to my plan of buying every week while the bear market lasts.
With about 12% of my portfolio sitting in stablecoins that is a lot of BTC and or altcoins I could buy right now.
But, depleting my stablecoin supply also vastly reduces my flexibility.
That being said, the risk reward is certainly attractive at these levels for a lot of coins. But that does not require going all in.
While I still wouldn’t go all in, the one thing I would be looking for before getting overly excited about this rally is a cross of the main downtrend line. That currently is sitting around 25-26K for Bitcoin. An area which also lines up with major resistance from August.
For now, watching, waiting, DCAing, and preparing for the next big cycle. But I am not letting my emotions take over and deviate me away from staying the course on my plan.
Open BUY and SELL Orders
(NOTE: You should never blindly follow my moves. I share these for educational purposes, not as signals for you to trade on)
BUY
- ROSE $0.05 and $0.045
- Bitcoin $18,000, $17,000, and $16,000.
SELL
- TVK $0.10 – This will be the final cut from my moon bag
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Gains Network Review by Jesse
In this week’s Wealth Mastery Coin…
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.
