Is a new crypto bull run brewing?
116: Our top picks, tips, and tricks to gain an edge over others
Another dreary Fall Monday.
Though most eyes will be focused on the November FOMC meeting coming up and any pivot language whatsoever, we wanted to circle back and highlight some thoughts and reads on where the crypto market stands.
Crypto has had a nice little rally in recent days showing promise despite bearish attitudes from Wall Street on equities.
So the question everyone is probably wondering is….
Is this a dead cat bounce or is the crypto officially back?
If you’re like most crypto investors — you’re tired of the down only markets and red portfolio. The promises of riches and mega pumps that never came….
But there is hope.
A lot of people in the space have false hysteria, optimism, and hype. We don’t do that here — we like to be straight up, honest, and pragmatic with all of our subs.
Truth is — we are one of the only traditional finance meme/influencer accounts that have been in crypto since 2016/2017 — so our background, network, and experience can be particularly helpful to you if you have an amount allocated to the space and are hoping to grow wealth in the coming years.
We originally learned about the the opportunity in crypto from one of our digital mentors BowTiedBull formerly known as the WallStreetPlayboys back in the day — they pioneered a concept known as triangle investing which included accumulating select blue chip crypto assets over a long period of time.
We’ve lost money, crushed six figure trades, and round tripped more investments than we care to count — but we have experience — which most will learn, is the most valuable thing you can have in a space as new and volatile as crypto/defi.
We are long term believers in crypto and think it will in fact eat the world. The bull run we saw last year was a merely a taste of what’s to come once further clarity is had on regulation, broader macro conditions, and Fed policy.
One does not need to look far to see how much adoption and infrastructure is developing in this down period. A recent survey by Fidelity discovered that 74% of the surveyed institutions plan on buying digital assets in the future.
The market continues to throw us surprises and noise as well.
Dogecoin soared over 150% in roughly 4-5 days making many retail YOLO-ers rich overnight. These surprise shitcoin rallies are pretty characteristic of bear markets when liquidity changes and different black swan events ( like Elon’s twitter acquisition) can send prices rocketing. But….
The chads that will really make good money and wealth in these markets focus on a couple key points when everyone else is panicking and freaking out about price dropping.
People and subscribers have been coming to us asking if now is the time to get back in or double down — others have been asking if it’s a good time to sell and watch.
Today we’ll aim to give a concise overview of the way we are looking at the market in relation to other assets we hold, what our timeframe is for a broader recovery, and the assets we are most bullish on into 2023.
We’ll also cover some tips and pointers that we use (accounts to follow, websites/resources to bookmark) so that you can have the best edge in market — crypto after all is 50% speed.
The good news is we are reassured that in the long run crypto will begin to dominate traditional finance.
Right now it’s just difficult to see that because of the deluge of shitty macro conditions and noise but there will be an excellent chance to recoup any losses you have incurred and to make new larger gains on some of the assets that absolutely rip in the coming year.
Let’s start with the basics this week you absolutely need to be paying attention to.