Bought some last week and just grabbed my phone to make sure the transaction went through. How nice, seeing that big green arrow. Thanks!
Imagine the conversations of millions of boomers seeing COIN listed on their S&P indexed retirement funds and asking their financial advisors, what’s that? Oh it’s that Bitcoin company. And it’s another step towards the industry’s ascendance.
There are strategies to make money, be it up or down. S&P500 and NASDAQ last night is obviously being pushed up by AI naratives and it will take quite a while before the big bang is over. Since we are already in the early phase of an extremely bull crypto market, you do not need a lot of leverage. In fact, I have been doing extremely well and sleep like a baby every night all while the crypto market starts to melt up and all I did was to buy crypto assets in the spot market. Quite a handful of these assets are generating me passive income through staking, of which I learn last year how it can compound one's return in an absolutely insane way. Now is too early even to talk about taking profits. I do not have plans to sell my spot assets until probably in the Q3 or Q4 of 2025. Now is a good time to double down on assets that have strong and clear upward trend since BTC has been holding steadily over $50k. FOMO in the TradFi world will essentially drive prices to insane levels never ever before and probably end up in a Big Bang.
However, you MUST have an exit plan, like selling 33% of an (or All of your) asset in an extremely run-away, and then slowly sell the remaining in 1/3s on the way up. Trying to time the top or bottom of the market is a fool's game. For me, I already have exit plans while the market is now positioned to melt up in a parabolic manner. DeFi education is an excellent place to find such information and I hope this final crypto bull market will reward the most patient and well positioned investors.
Do you have any recommended reads, resources or your own thoughts for someone new like me on developing an exit plan? I ask because as you said we are hopefully in the veery early stage of this crypto cycle. I am currently catching up on this newsletter as well as BtB and at the same time learning all these defi L2s, airdrops and all the madness crypto related.
Developing an exit plan this far ahead is never something that has crossed my mind until you mentioned it.
Btw I read every comment section on here and your posts are always great value in addition to the article.
I sold my exposure last time around in November '21, and first week of January '22 so missed the bear market. I talk a little about why I did that and what sort of previous experience allowed me to see the signs when others were in mania...in one of the DeFi Academy modules.
Thank you very much. I am humbled by your kind words. I stand on the shoulders of giants and I love to share what I learn, especially the latest discoveries/insights that I have on this world and universe that we live in. Do keep your sharing coming too for the benefits fo the community.
Apologies for my late reply as I have been busy over the past several days reading about the harm of EMF, researching for EMF meters as well as dirty electricity which is the primary reason why people develop cancer and many other diseases today. This is not a joke. What is the use of accumulating so much wealth when you and your family cannot enjoy what wealth brings?
As for your question of timing, I would say a great time to sell most of your crypto asset is between 1 to 1.5 years after a bitcoin halving. Which means, I will be looking to sell most of my stash of altcoins around mid of 2025 to Q4 of 2025, and that includes my real estate investments too. There is no book to recommend unfortunately, but I like the land cycle timing that will work for equities as well as crypto. Since it will be impossible for me to time the top, I will be always ready to pull the trigger in batches when you see keep seeing prices hitting ATH again and again. You may like to sell your cryptos in batches of 50% or 33%. Some like to use the words "dumping" on the unsuspected, but I prefer to use terms like locking in profits. Either way, that is how the financial world works. You either buy or sell near the bottom and exit as prices hits ATH. I never like to buy at ATH even in a bear market, except when I see a clear upwards trend of upward breaking like when we saw that in the middle of October 2023. I remembered buying OP at an insane price of $1.67 and some folks might think I lost my balls after a massive run up. Today, it hit $4. OP is a no brainer as I have done my research. Quite a few of my well diversified altcoins have already 4-5x and we are just getting started. I have my share of losses too and bought too early. Some of my altcoins only started to break even after holding for nearly 2 years so my timing isn't too good after all. Lots to learn from folks over here at DeFi Education when it comes to timing.
Finally, please do not be offended; I am not a Bitcoin maximalists. I do not even think of selling my bitcoin stash until it reaches probably $1 or $2mil. I am a big believer in decentralization after discovering bitcoin in 2018. Since DeFi is already coming to the bitcoin ecosystem, it is a no brainer for me to buy and hold bitcoin as hedge against money printing world-wide. It is also the best defense we have against globalist who has been trying to corner bitcoin and control people. BTC = Freedom.
Thanks for listening and do have a wonderful week ahead!
Killer call. Paid for my lifetime defi ed subscription several times over :)
Would you expect the same sort of momentum from Robinhod? Down considerably since 2021 and feel like lines up well with crypto narrative plus “long degeneracy”
I looked at HOOD in December when it was priced around $10 with a similar thesis, but it's not the same business as Coinbase. I have a lot of size (for me) on COIN and its important to have conviction in your thesis. I wouldn't have anywhere near the same conviction on HOOD, and from what I can see the fundamentals aren't as strong as COIN. Honestly, I try to stick very close to what I know and not make large investments outside of that. If I do dabble in other things, it's certainly not my place to recommend to others.
DeFi Ed is mostly about giving a framework for people to get a foothold in research, networking, and then make their own investment decisions. We're careful about trade ideas we put out and they tend to be the highest quality ideas, only a couple of times a year.
Totally makes sense! And apologies for taking you down a “what about x coin…” - all totally makes sense. Really appreciate the high conviction plays you surface here and everything else you do for this group :)
So assuming you meant Bitcoin, yes I think Coinbase stock does have more upside.
Mostly due to market cap ($1090 billion vs $40 billion) and tokenomics (Coinbase earns revenue, Bitcoin emits 330k BTC/year to pay miners ($16.5b, half Coinbase's market cap). Even "halvening" this, it's not good. Wouldn't go to zero exposure on BTC, but the play is ETH (we rotated nearly all BTC to ETH around 0.05)
Bought some last week and just grabbed my phone to make sure the transaction went through. How nice, seeing that big green arrow. Thanks!
Imagine the conversations of millions of boomers seeing COIN listed on their S&P indexed retirement funds and asking their financial advisors, what’s that? Oh it’s that Bitcoin company. And it’s another step towards the industry’s ascendance.
You're welcome!
Yes, exactly.
Currently kicking myself for lacking the stones to buy the calls. Had my order filled out and bailed.. feels bad
Hey, don't feel bad at all.
There are strategies to make money, be it up or down. S&P500 and NASDAQ last night is obviously being pushed up by AI naratives and it will take quite a while before the big bang is over. Since we are already in the early phase of an extremely bull crypto market, you do not need a lot of leverage. In fact, I have been doing extremely well and sleep like a baby every night all while the crypto market starts to melt up and all I did was to buy crypto assets in the spot market. Quite a handful of these assets are generating me passive income through staking, of which I learn last year how it can compound one's return in an absolutely insane way. Now is too early even to talk about taking profits. I do not have plans to sell my spot assets until probably in the Q3 or Q4 of 2025. Now is a good time to double down on assets that have strong and clear upward trend since BTC has been holding steadily over $50k. FOMO in the TradFi world will essentially drive prices to insane levels never ever before and probably end up in a Big Bang.
However, you MUST have an exit plan, like selling 33% of an (or All of your) asset in an extremely run-away, and then slowly sell the remaining in 1/3s on the way up. Trying to time the top or bottom of the market is a fool's game. For me, I already have exit plans while the market is now positioned to melt up in a parabolic manner. DeFi education is an excellent place to find such information and I hope this final crypto bull market will reward the most patient and well positioned investors.
Do you have any recommended reads, resources or your own thoughts for someone new like me on developing an exit plan? I ask because as you said we are hopefully in the veery early stage of this crypto cycle. I am currently catching up on this newsletter as well as BtB and at the same time learning all these defi L2s, airdrops and all the madness crypto related.
Developing an exit plan this far ahead is never something that has crossed my mind until you mentioned it.
Btw I read every comment section on here and your posts are always great value in addition to the article.
I sold my exposure last time around in November '21, and first week of January '22 so missed the bear market. I talk a little about why I did that and what sort of previous experience allowed me to see the signs when others were in mania...in one of the DeFi Academy modules.
https://www.bowtiedacademy.com/courses/defi-academy
I think that will repay careful study, but the top will probably be harder to time this cycle.
Also read Mackay's "Extraordinary Popular Delusions..." and about John Law and the South Sea Bubble.
Thanks, I will go through all of that and of course follow your advice on here as we navigate the cycle.
Hi Peter,
Thank you very much. I am humbled by your kind words. I stand on the shoulders of giants and I love to share what I learn, especially the latest discoveries/insights that I have on this world and universe that we live in. Do keep your sharing coming too for the benefits fo the community.
Apologies for my late reply as I have been busy over the past several days reading about the harm of EMF, researching for EMF meters as well as dirty electricity which is the primary reason why people develop cancer and many other diseases today. This is not a joke. What is the use of accumulating so much wealth when you and your family cannot enjoy what wealth brings?
As for your question of timing, I would say a great time to sell most of your crypto asset is between 1 to 1.5 years after a bitcoin halving. Which means, I will be looking to sell most of my stash of altcoins around mid of 2025 to Q4 of 2025, and that includes my real estate investments too. There is no book to recommend unfortunately, but I like the land cycle timing that will work for equities as well as crypto. Since it will be impossible for me to time the top, I will be always ready to pull the trigger in batches when you see keep seeing prices hitting ATH again and again. You may like to sell your cryptos in batches of 50% or 33%. Some like to use the words "dumping" on the unsuspected, but I prefer to use terms like locking in profits. Either way, that is how the financial world works. You either buy or sell near the bottom and exit as prices hits ATH. I never like to buy at ATH even in a bear market, except when I see a clear upwards trend of upward breaking like when we saw that in the middle of October 2023. I remembered buying OP at an insane price of $1.67 and some folks might think I lost my balls after a massive run up. Today, it hit $4. OP is a no brainer as I have done my research. Quite a few of my well diversified altcoins have already 4-5x and we are just getting started. I have my share of losses too and bought too early. Some of my altcoins only started to break even after holding for nearly 2 years so my timing isn't too good after all. Lots to learn from folks over here at DeFi Education when it comes to timing.
Finally, please do not be offended; I am not a Bitcoin maximalists. I do not even think of selling my bitcoin stash until it reaches probably $1 or $2mil. I am a big believer in decentralization after discovering bitcoin in 2018. Since DeFi is already coming to the bitcoin ecosystem, it is a no brainer for me to buy and hold bitcoin as hedge against money printing world-wide. It is also the best defense we have against globalist who has been trying to corner bitcoin and control people. BTC = Freedom.
Thanks for listening and do have a wonderful week ahead!
Thanks for your thoughtful response, and please do keep sharing as we ride this wave together! Have a wonderful week as well.
Good post, I think it will.
Been there:
- didn't buy
- didn't buy enough
- sold too soon
- went through mental hell increasing position size
There will be other opportunities, can improve sticking to your initial plan.
Killer call. Paid for my lifetime defi ed subscription several times over :)
Would you expect the same sort of momentum from Robinhod? Down considerably since 2021 and feel like lines up well with crypto narrative plus “long degeneracy”
Cool nice work!
I looked at HOOD in December when it was priced around $10 with a similar thesis, but it's not the same business as Coinbase. I have a lot of size (for me) on COIN and its important to have conviction in your thesis. I wouldn't have anywhere near the same conviction on HOOD, and from what I can see the fundamentals aren't as strong as COIN. Honestly, I try to stick very close to what I know and not make large investments outside of that. If I do dabble in other things, it's certainly not my place to recommend to others.
DeFi Ed is mostly about giving a framework for people to get a foothold in research, networking, and then make their own investment decisions. We're careful about trade ideas we put out and they tend to be the highest quality ideas, only a couple of times a year.
Totally makes sense! And apologies for taking you down a “what about x coin…” - all totally makes sense. Really appreciate the high conviction plays you surface here and everything else you do for this group :)
Hey Guys do you feel $COIN has more upside than BITCOIN over the next 1 - 3 years?
Bitcoin, or BITCOIN (it's case sensitive now because of HarryPotterObamaSonicInu1000)?
lol
So assuming you meant Bitcoin, yes I think Coinbase stock does have more upside.
Mostly due to market cap ($1090 billion vs $40 billion) and tokenomics (Coinbase earns revenue, Bitcoin emits 330k BTC/year to pay miners ($16.5b, half Coinbase's market cap). Even "halvening" this, it's not good. Wouldn't go to zero exposure on BTC, but the play is ETH (we rotated nearly all BTC to ETH around 0.05)
when do you plan on exiting your ETH position?
When I think the bull market is finally over. Could take awhile. Maybe next year.
Stay toon'd - we'll post significant portfolio updates / changes to market outlook.