In This Issue
- My latest portfolio updates.
- Jesse has a deep dive for you on Cliliz.
- David has the top 10 crypto tools that every investor needs.
- Sam has a report for you on Degen Toonz.
- Rebecca breaks down this week’s trending coins.
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Buy, trade, and hold 600+ cryptocurrencies on Binance
Lark’s Portfolio
Portfolio Updates
I bought some more Bitcoin around 25k. Just a weekly buy order. Not the best timing-wise. By the way, my buy orders got filled last week for Bitcoin at 20k. This was bigger than a standard weekly buy size-wise. Sadly though my orders for Matic at 93 cents missed by a little more than a cent, my CRV orders also missed by 2 cents, and ROSE my order missed by like 0.001 cent. My thinking was right, but my bids were just slightly off the mark. Oh well. I have canceled all my buy orders for now. I will reassess as the market moves.
Part of me still wants to chase Matic into the zkEVM launch later this month. But perhaps it is more worth thinking about the next narrative? Ethereum’s Shanghai upgrade is next month. I wonder if liquid staking coins could see one final hurrah run into this event?
I made an equity investment into a company called Ticket Fairy which is a Web3 ticketing company.
I also bought some more Coinbase stocks. Although I do not usually share what stocks I am buying, I wanted to highlight this as it is relevant to us as crypto investors. I already have a big COIN bag, but I made a few decent buys during the bear market. Including almost nailing the bottom on one order. Yay for me.
But, why am I buying more Coinbase stocks? Well, Coinbase, I believe, will pump hard in the next bull run. Here’s why:
- It is one of the best ways to get broad exposure to the success of the crypto markets. When crypto is winning the COIN will likely win too.
- They are the biggest US-based exchange. The USA is the biggest crypto market that alone is enough.
- They are the exchange of choice for institutions.
- They are launching a new crypto wallet as a service product.
- They are launching an Ethereum layer two.
- They offer Ethereum staking services.
- They are a key player in the USDC ecosystem which despite recent drama remains a key stablecoin.
- Unlike 99% of the crap in crypto, this is a real asset tied to the success of the company.
- Coinbase makes money and will make truckloads in the next bull run on fees. The collapse of FTX will probably be a net win for Coinbase too since people will want a safe, established player to buy and trade on.
We Are All Traders
I was thinking about something the other day, in crypto we are all traders. I suppose unless you are buying Bitcoin to literally never sell and be buried with your private keys. If so then you do you! And yes, you can use Bitcoin as a wealth preservation asset and take cash loans versus your coins instead of selling. There are different options and strategies to be used in all cases.
But for most of us, at some point, we will sell. For coins like Bitcoin and Ethereum the time frames may be much…
