Hope everyone had a great weekend and a decent Monday. New episode of Risk On dropped on Spotify featuring Mike Zig from Coconut Cartel, one of our long time business partners. Mike and I talk the beginning of the Coconut Cartel rum business, which started with him and his sister Dani smuggling coconuts from El Salvador to Miami to serve drinks to celebrities and high end restaurants. For anyone who is an entrepreneur or trying to start their own business this episode is a must listen.
With the first small pull back in crypto markets, now is likely a good time to review some of the key mistakes people make in crypto cycles so that the majority of you can look to avoid them. The good news is, they’re fairly simple mistakes to avoid.
The bad news is, people often fall prey to the SAME ones every cycle. The big money is in crypto so that’s where we are going to focus on, helping as many people as possible make money in this new asset class.
The stock market with the exception of big runners or volatile names like MSTR 0.00%↑ TSLA 0.00%↑ NVDA 0.00%↑GME 0.00%↑ etc. is fairly boring right now in my opinion.
It just so happens we might be getting one of our handful of classic pullbacks as I write this out on Tuesday morning.
For those who are sidelined are not invested as much as they would like to be these pullbacks should be viewed as blessings.
We are running our annual Black Friday/Cyber Monday discount with Jay Butler loafers. 20% off sitewide with discount code is JBBF24. The sale runs through midnight on December 3rd. As I have said before Jay Butler makes some super durable and affordable sleds if you are looking to expand your sled nest at home.
They are flexible in terms of how you style them and I have had a few pairs for 3 years now, they’ve also launched some new drivers as well.
The Crypto Opportunity Window
The opportunity posed by crypto in 2025 is likely going to be unmatched in any asset class. We are seeing what may be the set up for a biblical alt season in which we resume the up everything mode where all you need to do is click buy to print.
The sign of a local top was evident in past days — we had absolute degeneracy on Pump Fun, people posting ticker countdowns to $100K on X, and the Hawk Tuah girl thanking Michael Saylor. Even Jim Cramer had to come in and say now is the time to buy at $99K. Classic Jim.
It would appear that we will get a small pause before the mania resumes again. Which is good news for those of you still hesitant or those of you who wish you had more when we watched the latest run up.
So today we’ll cover:
Top crypto news updates impacting our bags and select assets
Big mistakes in crypto and how to avoid them this cycle so you print and come out on top
Some of the most recent wallet, exchange, and market information/intelligence and how we can leverage that to understand what’s coming next
Geopolitical update related to the news that the Biden administration is contemplating providing Ukraine with nuclear weapons
Dips are your friend if you’re not already balls deep in crypto.
You should change your mindset when viewing the market and HOPE for lower prices. Eventually these opportunities will stop presenting themselves. We will engage into the true mania phase and the FOMO will kick in as people begin to absolutely print, pulling far ahead of those who have opted to stack the majority of their net worth in low risk assets or worse, cash in a bank account.
Consider this one of the last “how to’s” on where the money is going to be made this cycle for 90% of people. Eventually the true mania phase is going to kick in and it will seem like everything is going up forever. This of course won’t be the case, but the goal is get set up PRIOR to this kicking in. The market has been generous and offered you a dip as a small treat.
Do you accept?