Crypto Market Update: End Of Wave 1?
Euphoria across the board in crypto, time to be cautious!
Good morning everyone,
First off, sorry for the long silence on my behalf, I think I need to switch this newsletter from weekly to: “only necessary updates.” Mostly because I think the best type of information cuts through the noise. There’s so much “news” that either isn’t relevant or makes you emotional and make bad decisions. That’s not say that what I share is financial advice in any form or way, I just share MY OPINION - that’s it.
As for now, we nailed the bottom, which I also shared for free subscribers: check here and a year before we also nailed the top (or at least close it as I only started in December with this newsletter), check here. Yet, of course I don’t have a magic ability to predict anything and I’m definitely not perfect, but in essence - we just want to buy low and sell high. That’s it for the game of investing, THUS, cycle low and cycle top are the only most relevant points of time - and yes, these are the only points of relevance for spot holdings - besides some adjustments in projects choices along the way - more on that in this update.
Picture of the ECB headquarters in Frankfurt, we keep an eye on them as well as other central banks across the globe, to find out what they’re planning in the DLT space.
10x Club Portfolio
So in this update I’ll go over my portfolio, some changes I made and some projects I’ve added. Portfolio rebalancing is something we do just to maximize our changes of profit and it’s based on fundamental factors; mostly adoption or trends.
So in this video: » click here « we’ll go over that and I explain why potentially(!) Bitcoin has peaked for this year - remember, not a cycle top, thus not as important! At the end of the video I go over some institutional adoption in the DLT space but it’s a bit messy, I’ll redo that part later on, so you can also skip that.
Lastly, a short reminder that I’m just here to share my opinion which hopefully helps you a little and you learn something - if so, I’m happy and I sincerely hope you all do well! If you had the patience sitting out the bear market till here, you deserve all the gains of the bull market!
Wish you all well,
BlowOffTopic