Three Rules

"Most opportunists enter crypto with schemes to get rich quick. While forgetting their investment could disappear...like a magic trick."

How do u spell relief rally? Ethereum. Yes, boys and girls the crypto pump is in full swing. If prices continue on their current trajectory Eth can hit 3K and Btc can clear 40K. If you're a fan of the Ichimoku cloud  I'm getting those estimations from the weekly charts. If Btc breaks through 40K the sentiment will be that the next bull run has begun. People will start throwing money into the market with reckless abandon, expecting things to rocket up to 100K. Not me. If I had never been through a bear market before, I would be partying too. It would be time to change the shower curtain into a Toga, put a lampshade on my head, turn on Nirvana, "Smells like teen spirit," and start doing the running man. Oh yeah, daddy would get freaky with it. That description of money induced dance fever will never come to pass. 

The reality is if Btc clears 40K i'm going to sell everything that's not staked so fast, my fingers will get friction burn from clicking the mouse button. The reason its called a relief rally is that it's a temporary pump before the price falls to a new low. In laymen terms I'm saying that breaching 40k is my signal to place short trades for the fall to 10K. (not financial advice) I'm definitely not saying the price will drop all the way to 10k. My trades will be based off price action from the past bear cycles. Remember, this is just my opinion. Do your own research. That's how u make money. 

This Eth merger from proof of work (pow) to proof of stake (pos) will be the equivalent of three Btc halvings rolled into one. Depending on when it actually happens, the outcome will change the landscape of the crypto space. It seems like big business is aware of the profit margins and wants the largest piece of the pie. The list of corporate entities now involved with crypto is too long to write in this post. The effects will be seen by the next halving in 2024. Add-on the resolution of the SEC case against Ripple Labs (XRP) which should be resolved sometime next year. That creates a recipe for a super cycle with potential gains that will make the last bull market seem like crumbs. The one consistent occurrence in crypto is that it always goes higher or lower than people expect. 

Now that almost all the crypto lending platforms have been liquidated, there's no one left to sell. Celsius filing for bankruptcy was a smart legal move. The question everyone is asking is what's next? Will we get all our money back? Will we get only a portion back? Will all the money go to the creditors and none to the retail investors? What's going to happen to the owner? Was there a crime committed? Will people go too jail? Here's what I can tell u. As of last week Celsius disbanded the ambassador program. We received the same information that was released to the public. If u want updates about the case...watch the news. I wrote the Celsius money off as a lesson learned. I have zero expectations that the funds will be returned. If they do get returned somewhere down the line that's a bonus. 

Always remember the three rules of investing. 1. Don't invest more than u can afford to lose. 2. Don't lose money. 3. Never forget the second rule. 

I wish u health, wealth and success,

Until Next We Speak, Be Well

Tha One an Only 

Cheap Investments

Ever since Facebook started selling stock everyone wants to become an investor. 

Investing money into any project can be a tricky affair. There's always a risk of the project going wrong or being a scam. There are resources available to help lessen the risk of lose, like research on the internet or newspapers but nothing is fool proof. If you're new to investing and want to start small Penny Stocks are a good option. The SEC (Security Exchange Commission) classify penny stocks as any stock under five dollars. 

There's a man named Timothy Sykes who claims to have made millions from penny stocks. It is possible and there are people searching for the next big start-up company like Walmart or Google to duplicate his success. What made Timothy Sykes so successful is he had the inside scoop on which are the "hottest penny stocks." He offers advice on his website along with tips and tricks to avoid for investors. 

Although penny stocks cost less in some ways they can be more costly than blue-chip stock. There are four major factors that increase the risk. There's a lack of information available to the public, no minimum standards, lack of history and liquidity. You can read more about the risk of penny stock on investopedia by clicking the link.