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Happy Bitcoin All Time High!
As I’m writing this, Bitcoin has made a new record high at $72,286.
Bull markets often start with Bitcoin pumps, then Ethereum (Hello?!? Etheruem ETFs coming this year??), and then altcoins. This is how last cycle played out, and this one is looking the same so far.
What does that mean? It’s just the beginning for altcoins this cycle.
The key to any type of investing is finding asymmetric bets. This means that the potential for gain is much higher than the potential for loss
This type of opportunity is common in crypto, especially during the bull market. All it takes is the right research.
What? You’re not getting involved? You should be. Let me do the research for you.
Stories From The Bull Market
Each tale has either happened to me, or to someone that I know personally.
I will be using fake names to protect anonymity (except the for the last story… I’m not ashamed to admit that was me!)
Michael Scott bought and staked token called Juno - JUNO in 2021. He bought 2000 coins at around $2 per coin - and Juno proceeded to rocket up to $45 - giving Michael a gain of almost $90,000!
Additionally, a second coin called NETA was airdropped to Juno stakers. Michael got 11.2 Neta - valued at around $11,000 a day after the drop and $30,00 a few days later.
Michael’s initial $2,000 investment was now worth around $120,000! Michael however, being the dolt that he is, decided not to take any profits.
He ended up selling his NETA for around $1,000 total and his Juno for around $3,000.
Michael still finished up 100%, but wow! The man should have taken profits way earlier on.
Story #2 - Atlas
Atlas was a small project on the Fantom chain (or DAG, really), and fairlaunched on Spookyswap during the bull run of 2021.
The cool part about the launch was that nobody knew the exact time it would release - meaning that if you paid attention, you could snipe some cheap coins before anyone else.
Dwight Schrute was paying close attention, with his cousin Moze. Atlas launched, and Dwight and Moze aped right in. They each put in around $300, and just 10 minutes later, Dwight’s tokens were valued at $5,000 and Moze’s at $10,000.
They sold a few thousand dollars worth, and kept the rest, and eventually sold everything. Dwight made around $3,000 and Moze around $7,000. All they had to do was pay attention.
Story #3 - Vapor
Same story as above - except this time, the project was Vapor on the Avalanche blockchain.
Dwight did this one solo - and turned $100 into $10k in a matter of 5 minutes. It quickly crashed down to around $5k, and Dwight sold half his bags for a cool profit of $2500. The rest went to basically 0 - but still - $100 into $2500 is not a bad day at The Office.
Story #4 - Chihuahua Chain
A meme coin called HUAHUA launched on Cosmos last bull run - and airdropped $10k worth to stakers of certain coins. Jim Halpert was a staker and qualified for the airdrop - but realized something: the minimum stake to qualify for the drop was so small… all one needed to do was stake ~$250 worth of tokens to get $10k!
If he was smart and could have predicted this before the airdrop snapshot, he could have loaded up 10 wallets with these coins, for a cost of around $2,500, and made $100k! 20 wallets? 200k!
Imagine the smell… oh well! $10k for Jim was still enough for him to spoil his wife, Pam.
Story #5 - Peppa
Just the other day, Kevin Malone was trading meme coins on Solana. He saw a coin called Peppa - brand new, and calling itself Pepe’s wife.
You know Pepe, the green frog meme coin that is now worth $3 billion.
Peppa was at a $30k market cap, and Malone thought, hey, why not throw $200 bucks at it? Asymmetric bets, right? He made the purchase and jumped on a few phone calls.
While he was away, that $200 turned into $5,000. However, things move so fast that by the time he came back to his computer and was able to sell, it was only worth $1000!
The lesson here? If you’re trading meme coins, be prepared to blow off your sales calls to secure your profits.
Story #6 - Ballz
This story happened just this past weekend.
I was up late watching the UFC fights with my dad. Dustin Porier had just knocked out Benoit Saint Denis and Sean O’malley was walking into the ring to take on Marlon Vera.
The perfect time for a quick Twitter check, right?
Ballz
Ballz
BALLZ
Everywhere I looked!
Nope - not what you’re thinking… get your mind out of the gutter. A new meme coin called Ballz has launched on Solana.
Now, this looked like a coordinated pump and dump - as influencers were all posting similar tweets at the same time.
Here are a couple:
Notice how similar the posts are? Probably a pump and dump - but that isn’t for sure, why not join them and make some $$? It seemed early enough, and I had $1000 ready to go.
Anyways, the last fight was about to start, and my laptop was plugged into the TV, streaming the fight.
My dad was sitting on the couch next to me. We hadn’t watched the UFC in FOREVER.
I had a decision to make… do I:
Unplug my computer, buy some Ballz, and maybe miss the fight?
Enjoy the moment with my dad and understand that I may miss out on some profits.
I chose the latter. Family is important - and it turned out to be a GREAT fight.
Then next morning, I woke up to see Ballz +700% from where I could have bought.
The cost of not buying the night before? $7,000. But that 25 minutes of UFC with my dad? Priceless.
Your Takeaway
Its easy to make money in crypto - but it’s hard to keep it. Remember to take profits.
Crypto is important, but family is more important.
🚨 Action Items 🚨
Bitcoin is a hedge against government manipulation of currency.
I guarantee that many of you reading this have all of your assets in the current system. You need to get some money outside. Hedge your bets.
If you’re at all concerned about inflation and government control of currency, you need to:
Dont hesitate any longer. Money is changing… and you do not want to be late.
Reply to this email with a question about crypto! I read and answer every single message.
Thank you for reading Make Crypto Simple.
Sincerely,
Chris Schawel
The content provided in this newsletter is for entertainment purposes only and should not be construed as financial advice. All information, including but not limited to market analysis, price predictions, and investment strategies, is purely speculative in nature. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. We are not responsible for any losses incurred as a result of the information presented in this newsletter.