The next 6 months / 9 years in #bitcoin and #crypto will probably be mega crazy! Many of you will have the chance to completely change your financial destiny.
Here's a guide on how NOT to screw it up 👇
1 Don't get married to your speculative bags of #NFTs and #altcoins. Sure some could go on to be long lasting, but most will fail. Choose wisely. Shave profits. Extract capital. Moon bags are dope.
2 Let winners run, even double or triple down on them, and cut the losers. Do this without mercy, there is ZERO glory in being a salty bag holder for years.
3 Play to your strengths. If you are a trader then trade, NFT flipper then flip, yield farmer then farm. Do what works for you!
4 If you want to make life changing money then it won't be done with BTC for most of you. Sure it may 20X in 10 years, but altcoins do that every month. Altcoins are for making gains, BTC is for keeping them.
5 Get your hands dirty! SO many people are stuck on Coinbase and don't do defi or NFTs or get into low cap gems because they are afraid of downloading metamask and connecting to an app. This is a serious mistake financially.
Start small to build confidence!
6 You are your own worst enemy. This market is wildly volatile, and many people fall into the trip of fomo buying high and panic selling low until they are broke. You need to do the exact opposite.
7 Take profits. This takes many forms, but fact is until you sell you have only paper gains which can evaporate in an instant.
Exit Strategy thoughts:
- Bitcoin
- Stablecoin yield farming / lending
- Property
- Stocks
- Metals if you like pain
8 Don't lose sight of what is important. If you end up a rich miserable overweight isolated addict then you have lost the game.
Family, friends, health, and happiness are key to good life.
Money is great, but not the most important thing in life.
Final thoughts... have fun!
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Here are a few harsh truths for #crypto investors that you need to know as we head into the next massive part of this cycle.
1 - Many NFTs will trend to 0 during the bear market. Premium collections like Punks will get hit, but retain value. You may need to hold through some bitter times. Profits should be taken on more speculative sets when they moon.
2 - Altcoins have matured a lot, but many will completely fail and trend to 0. There are more than 12,500 coins. Many of these are already dead, scams, or slowly dieing.
Maybe 5 to 10% of alts will make it.
The more established coins are definitely safer bets.
Looking for 3 new writers to join the Wealth Mastery newsletter team.
Successful candidates must be:
- able to commit 2-6 hours weekly
- Excellent command of English
- Good writing skills
- Good research skills
- Experienced crypto investor
Roles below 👇
Job 1: News Compilation
This role involves compiling the top relevant news each week as well as writing short descriptions on trending coins.
This will suit someone who has their finger on the pulse of the market and has a keen eye for spotting what matters and what doesn't.
Job 2: NFT News
This role involves writing updates about hot new collections (pre mint and under the radar) as well as updates regarding important existing collections.
Must be an NFT investor, preferably with multichain experience.
Here is the chart hopium that you need showing how #bitcoin could realistically reach 100K within the next few months, and will likely go much higher with a cycle top of 180 to 280K.
Let us start off with the stock to flow model for BTC.
This model shows BTC at 135K by December. (Worst case)
If we consider the lengthening cycle and diminishing return theory then we could see Bitcoin going up to 200K for a blow off top for this cycle sometime in late 2021, but more likely early 2022.
Here's why #crypto is a once in a lifetime chance to create massive financial abundance for you and your family, and why time is running out to grab this chance.
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This is probably the most important chart in crypto. Currently around 300 million crypto users, growing daily. This represents around 3.7% of the global population. 1 Billion by 2024, and 3.7 billion by 2030. Global population today 7.9 billion, in 2030 projected 8.5 billion
Global smart phone ownership today is at 3.8 billion, projected 5 billion by 2030. This is nearly 80% of phone owners.
Internet access is higher 4.6 billion today, and most optimistic estimates say 7 billion users by 2030. About 50% will use crypto.
2 Despite market drama we're actually going through rather "normal" BTC cycle. BTC now is looking a lot like 2013. If we believe in the lengthening cycle theory then BTC is highly unlikely to have topped in April, more likely is late 2021, early 2022
I remain very bullish on the Polka $dot $ksm ecosystem.
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So let's talk about parachains.
Kusama has successfully had their first parachain auctions and are now on round two of parachain auctions.
The first 5 parachains resulted in 10% of the supply getting bonded! WOWSERS!!!
The star of round one was Moon River. Even if you had bought the top on KSM you would be up 10X on $movr, most who backed them are up 20 to 100X or more. And the real kicker with parachain auctions.... you get your KSM back at the end! This is solid proof Dotsama is a money maker