Welcome to Issue #65 of Wealth Mastery
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In this issue:
I share some low cap coins to watch, as well as my thoughts on the current state of NFTs.
Defi Dad has a tutorial on how you can earn 7,000% APR with EnterDAO
Rekt Capital has a break down of Bitcoin for October.
Jesse has a report on the derivatives platform Vega.
The team from Zilliqa joins us to discuss their blockchain and why we should be paying attention to it.
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.
Also, every issue will contain more information, tips, hints, and analysis than you can make use of. Wealth Mastery is a tool, you are the craftsman. We are not a signal or pump group, we are a tool shop, you decide what information shared here has value to you or not.
As always, feel free to reach out to me by responding to this email with your comments or questions.
The Big Recap
The big news this week is obviously the China news. China has re-iterated previous proclamations about crypto trading, and using crypto for payments being illegal inside China. This renewed crackdown has even seen the juggernaut of Chinese trading Huobi announce it is kicking all Chinese investors off the site by the end of the year. Which is a big escalation. That being said, this is just the latest in a long line of China crackdowns, none of which have had their intended effect with Mainland China still being a hot bed of crypto activity due to peer-to-peer trading and the black market.
In other news, the regulatory crackdown on major crypto platforms is continuing. Binance has announced it is ending fiat services and spot trading in Singapore. Celsius has been served a suit by Kentucky regulators. Kraken is being forced be regulators to shut down the derivatives trading features in the USA. Governments worldwide are putting the squeeze on. This will continue. Regulations are here and increasing, the trick is for it to be done in way that doesn’t crush the industry.
With all of this in mind, the markets remain quite shaky. There is a lot of fear in the market, and a lot of uncertainty about what all of these big news events mean for crypto. FUD is seasonal. Get used to it. The volatility of this market is what gives us great buying and selling opportunities on a regular basis. The trick is to use volatility to your advantage. Most people panic at volatility or get overly greedy in the face of volatility. Buy low, sell high. That is the name of the game.
Low Caps To Watch
The biggest gains in crypto for most investors will come from getting into a highly promising altcoin early on and then holding it for a while. This is how I have made much of my money in crypto. I am always on the watch for promising high potential altcoins. So, today I want to highlight some coins that you may want to do some more research on. Reminder, as always, that if Bitcoin drags the whole market down, that these coins will likely fall with it, always practice proper risk management techniques…
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.
