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Google Docs
Coinstack #18 - Portfolio Update (+488% YTD)
d CoinStack: Bitcoin, Ethereum, Polkadot, DeFi, Blockchain, NFTs, Web 3.0, & the future of money Published by Ryan Allis Wednesday, April 14, 2021 | Issue 18 | 1942 subscribers BTC: $62,916 ETH: $2288 Social Links: Twitter | BitClout | Telegram | OpenSea…
How's your crypto portfolio doing? What are your favorite investments so far?
This week's issue is now online. Please pass it along to friends... https://coinstack.substack.com/p/portfolio-update-up-488
In This Issue:
Portfolio Update: +488% YTD
Crypto Tools: How to Use Binance, Metamask, and Uniswap
Am I Starting a Crypto Fund?
Your Own Crypto Investing Experiment
Where To Get 20%+ Yield on Your Stablecoins
A DCF Valuation on Ethereum Predicts $17k ETH
Mrs. Bubble’s New NFTs
Who I’m Following on Twitter
A Long-Term Crypto Portfolio
How to Get Started in Crypto
In This Issue:
Portfolio Update: +488% YTD
Crypto Tools: How to Use Binance, Metamask, and Uniswap
Am I Starting a Crypto Fund?
Your Own Crypto Investing Experiment
Where To Get 20%+ Yield on Your Stablecoins
A DCF Valuation on Ethereum Predicts $17k ETH
Mrs. Bubble’s New NFTs
Who I’m Following on Twitter
A Long-Term Crypto Portfolio
How to Get Started in Crypto
Substack
Crypto Portfolio Update - Up 488% YTD 👀
My Unicorn Strategy, Tutorial for Binance, Metamask, and Uniswap, Getting 20%+ Yield on Stablecoins, Mrs. Bubble's NFT Art
On weeks like this when everything is up big, remember that volatility is common and that there will be many peaks and valleys on our way up to $150k BTC. We will likely go up to $70k then down to $58k then up to $80k and down to $68k. Just remember that so when we drop back down to $58k BTC some day soon we aren’t concerned. The key thing is to hold thru the minor ups and downs and to know when the major cycle shift is happening, which I am staying incredibly close to. I may not be able to time it perfectly, but I do know one thing, it’s not here yet and we are only about 50-60% through this current cycle. The last 10% of the cycle will likely feel like a “blow off top”, like 10% daily increases as media attention intensifies. It will come eventually, but not for a while. I will be posting the key on chain metrics weekly and interpreting them for us. And the good news is the general direction this decade is up toward a $500k+ eventual price per BTC and $50k+ eventual price per ETH. Likely in the next market cycle (2025) not this one.
Great to see ZenFuse convered today in CryptoSlate. ZEFU is one of my top picks.
Article: https://cryptoslate.com/yuriy-kovalev-ceo-of-zenfuse-talks-about-building-an-all-in-one-trading-platform/
Article: https://cryptoslate.com/yuriy-kovalev-ceo-of-zenfuse-talks-about-building-an-all-in-one-trading-platform/
CryptoSlate
Yuriy Kovalev, CEO of Zenfuse, talks about building an all-in-one trading platform
CryptoSlate recently had the opportunity to chat with Yuriy Kovalev, CEO of Zenfuse, a global cryptocurrency trading platform.
Portfolio update: Been stacking ETH this week. It is now my #1 investment (26.6% of portfolio). Why? Because EIP-1559 is coming in July with the London update and that will initiate the burning of transaction fees, which will begin to reduce supply. And once ETH 2.0 PoS goes live in Q1 2022, all mining fees will instead be going stakers (aka long term holders). Also, those annoying $30 gas fees per transaction are going away this summer with rollups of layer 2 scaling solutions like Optimism, ZK Rollups, and ImmutableX. We are about to see a major shift away from BTC and toward ETH between now and 2025 once people understand the implications of these three updates. Few understand this now. Stack that ETH friends. December 2021 price target: $5k-$7k.
ETH fact of the day... Ethereum revenue is up 1825% in the last year while the price is only up 1344%. This means that on a price-to-revenue basis, Ethereum is actually cheaper than 1 year ago.
I recommend following the 144 members of the "Ultra Sound Fam" on Twitter. See list here: https://twitter.com/i/lists/1376636817089396750
I recommend following the 144 members of the "Ultra Sound Fam" on Twitter. See list here: https://twitter.com/i/lists/1376636817089396750
CoinGecko-2021-Q1-Report.pdf
3.7 MB
Here is the Q1 2021 Digital Assets Report from Coin Gecko that came out today. Great data!
For anyone interested, this aligns with my expectation for what securities trading (aka stock trading) will look like in the future. Always open markets, ownership recorded on chain, with dividends issued on chain direct to wallets.
https://medium.com/inx-co/the-future-of-securities-trading-1c926c1750bc
https://medium.com/inx-co/the-future-of-securities-trading-1c926c1750bc
Medium
The Future of Securities Trading
As seen in securities.io here
For those interested in learning more about ThorChain (RUNE), the first cross-chain DEX, I highly recommend this fantastic article by Erik Vorhees.
https://link.medium.com/fBdQ5QcUtfb
https://link.medium.com/fBdQ5QcUtfb
Medium
An Introduction to THORChain for Bitcoiners
Erik Voorhees — April 2021
For those who have been waiting, right now is a very good moment to buy in.
A bunch of highly leveraged traders just got liquidated the last four hours by the drop, making almost everything 15-20% cheaper.
We are still only halfway through this bull cycle. Today is a great buying opportunity.
A bunch of highly leveraged traders just got liquidated the last four hours by the drop, making almost everything 15-20% cheaper.
We are still only halfway through this bull cycle. Today is a great buying opportunity.
For those wanting to learn more about ThorChain (RUNE), the cross chain DEX, I recommend listening to this Delphi podcast from this week.
https://podcasts.apple.com/us/podcast/the-delphi-podcast/id1438148082?i=1000517519640
https://podcasts.apple.com/us/podcast/the-delphi-podcast/id1438148082?i=1000517519640
Apple Podcasts
The Delphi Podcast: Thorchain Launch Party: The Magic Experience of Swapping Assets Cross Chain In A Few Clicks on Apple Podcasts
Show The Delphi Podcast, Ep Thorchain Launch Party: The Magic Experience of Swapping Assets Cross Chain In A Few Clicks - Apr 17, 2021
The bottom of each Bitcoin mini-correction higher than the one before it. Bullish. 15%-20% drops like today’s are normal and tend to happen about once per month. We have had 4 such corrections so far in 2021. It’s a normal part of the process and helps flush out over leverage to reset for further growth. Next milestone: $67k
Today I added to my RUNE position and bought some Polakdot DOT3L tokens (3x the upside and 3x the downside) on Binance.com
Learning crypto investing will create life changing wealth for tens of millions of people in 2021. Are you going to be one of them?
If you’re not investing at least 1 hour per day or more in your learning and upgrading your brain, you’re not doing it right yet.
If you’re not on Binance/FTX, Uniswap, and MetaMask, you’re not doing it right yet.
Invest in your knowledge. Invest in your future. This will be the biggest thematic opportunity of this decade. You are very, very early. Invest in education now.
Don’t outsource your knowledge to others. Download it direct into your brain 🧠.
💪💛 -Ryan
If you’re not investing at least 1 hour per day or more in your learning and upgrading your brain, you’re not doing it right yet.
If you’re not on Binance/FTX, Uniswap, and MetaMask, you’re not doing it right yet.
Invest in your knowledge. Invest in your future. This will be the biggest thematic opportunity of this decade. You are very, very early. Invest in education now.
Don’t outsource your knowledge to others. Download it direct into your brain 🧠.
💪💛 -Ryan
This is a very good podcast from today explaining what will happen to ETH supply once EIP-1559 goes live in July. Worth a listen 🎧
https://podcasts.apple.com/us/podcast/defi-times-bitcoin-defi-nft-news/id1541829695?i=1000517597709
https://podcasts.apple.com/us/podcast/defi-times-bitcoin-defi-nft-news/id1541829695?i=1000517597709
Apple Podcasts
DEFI TIMES - DeFi, NFT & Crypto News: EIP-1559: The Game Changer! - DEFI TIMES DAILY on Apple Podcasts
Show DEFI TIMES - DeFi, NFT & Crypto News, Ep EIP-1559: The Game Changer! - DEFI TIMES DAILY - Apr 18, 2021
For those of you wanting to go deeper in your understanding of how ETH is scaling from 30 TPS today to 100,000 TPS by the end of 2021, read this...
https://medium.com/matter-labs/zkporter-a-breakthrough-in-l2-scaling-ed5e48842fbf
Pretty much no one has factored this into their ETH price models yet 🙂
https://medium.com/matter-labs/zkporter-a-breakthrough-in-l2-scaling-ed5e48842fbf
Pretty much no one has factored this into their ETH price models yet 🙂
Medium
zkPorter: a breakthrough in L2 scaling
Ending the debate between ZK and optimistic rollups