Good morning PU members, hope you're all good!
Hopefully, this latest instalment will answer a lot of questions we've been having, especially from those newer members. I'll touch on a method that allows you to gain exposure to all Crypto coins; we'll go into details about security & discuss two coins you need to hold throughout 2021, one which was released within the last 24 hours & another which IDO's on February 24th.
Market Dips
On Monday early hours, we had a bloody session within the Asian market; some coins dropped 10/20% with some smaller coins dropping 30%, the Discord starts to get tense with members asking if this what normal & what they should do. The emotions you're feeling are entirely normal, and you need to control them, you're making money in a market which increases 100/200% before correcting 20/30%, it's completely normal and happens frequently. The last two times, corrections have been bought up & traded back up within 24 hours, that signals we are in an extremely bullish bull-run right now. There will be times we drop 30%, consolidate for a week or two whilst all indicators & trading zones get built before continuing on the next leg another 100/200%. Please know this is entirely healthy & the reason why after a massive 100%+ movement, feel free to secure some profit. We will let you know our best when the end of the bull cycle is here to ensure we are out in time with huge profits & now certainly is not that time, no time soon. Later on today we have Dan coming in to let you guys know exactly how the cycle works with predictions on when it will end, he's traded the last two successfully so has a great understanding of where we currently are.
The best thing you can do is buy coins on the dip with new cash, or once you've experienced massive gain on your coins, take profit, sit on some FIAT ready to pounce when the next correction comes. The simplest method is to pick coins you think have a great use case & HODL until the end of the Bull Market whilst adding to your portfolio as & when you have new cash. The worst thing to do is panic selling when you think the correction is coming & buying back later on at a higher price. Do not try to outsmart the market by selling your coins to buy back in lower; you will fritter your profits away in no time. Do not think you need all your available balance invested 24/7; the most successful investors are always sitting on a 10-25% cash balance.
I am not sure how you deal with emotions, but please try not to type into the Discord as panic feeds panic and members with no experience may be giving inexperienced advice which may lead to members losing money. Just remember, 30/40% corrections are normal, frequent & healthy. A reset of overbought coins means we can leg up even higher, HODL & buy the dips. Usually, they're over as quick as they come. I am not sure if Monday was the correction or just a minor drop, the next couple of days will confirm but either way be mentally prepared for them & know after a few days everything will be pumping bigger, harder & faster than before.
Metamask
Metamask is an app we should all have; it's easy to use & lets you buy pretty much every single Crypto coin on the market. For example, if you would like to buy $REEF but only have a Kraken account, you're losing out on an excellent investment. Metamask is very easy to set up; it has a flawless user face along with adequate security. You would need to buy Ethereum on your platform & withdraw to your Metamask wallet. Always try $40/$50 small amounts to begin with to ensure you've got it correct before doing large quantities, it's still good practice.
Once you've got Ethereum in your Metamask wallet click browser > De-Fi Exchanges, link your wallet up to UNI & 1inch etc. then continue to buy the coins you wish to invest. Once complete, click Add Token on your home page & search for the coin you've just purchased. If your coin doesn't show up, head to etherscan.io & search for your crypto coin, copy & paste the contract ID before pasting it into the search bar, you'll then be able to add & see your coin balance.
Security
PLEASE make sure you've set your master key on Kraken (safari), have your Google 2FA turned on with your back up guys stored elsewhere so if you ever lose your phone, you don't lose all of your crypto. I really can't stress enough the importance of keeping these backups; you're playing with serious fire over the years if you have not backed up your security keys & have not got a secure Kraken master key. Once you set up a Metamask account you'll also be asked to note 16 random words down which you'll need if you ever lose access to your account, do not just screenshot that page & do nothing with it. I don't want a member to lose all access to their crypto, potentially lose thousands of pounds before PU members get smart about security, secure your holdings.
$POLK
So so excited about this! Head over to the pinned tweet of @Polkamarkets & see how to apply for their IDO which is happening on February 24th. Now you need to hold 3500 $POLS (Polkastarter) in your Metamask wallet to apply which at the current price is around $20,000. You then have to follow them on social media, tweet with their given hashtags, join their telegram & fill out the whitelist form. By doing so will then grant you a ticket within the whitelist lottery. You'll then be emailed if you've been successful & told how & when to buy your tokens. An initial digital offering is where a company fundraisers for the project and rewards those who move first. It's quite normal to buy a $0.26 coin which does an 8x to $2 the same day before being available to everybody else. Since this is all built on DE-FI, a minor downfall is that it's not exactly the fairest buying method, as soon as the token is released the price starts to move as investors begin to buy immediately. Meaning my price may be higher than say, for example, Josh, who bought 2 minutes earlier and paid $1 less. On the macro, it really will not matter as $POLK is what is seriously lacking in the market right now, the hype & community behind this token speaks volumes on how successful this will be. Good luck if you enter the IDO, reach out and let me know if you were successful or not!
DAOventures - $DVG
Another hot coin which will end in mass adoption is $DVG. Essentially they keep investing smart & easy. If you check daoventures.co, you're able to find a BETA version of the app, giving you a good understanding of what they do. You're able to search for any given coin & given an overview of exactly what you can do with it. It gives you the risk on the coin, the history associated with each coin, it also lets you know all the fielding & staking options whilst at the same time tracking your portfolio, telling you precisely what % gain you've made. $DVG is a cross-chain platform which Ethereum, Polkadot & others will power. DAOventures will also offer Yield Farming & Lending, which will be available on a mobile app. $DVG is now available to buy on Uniswap through Metamask if you're looking for a new coin to add to your wallet, I would be looking into this one. $DVG currently trades at $4.06 at the time of writing, please don't sleep on this one.
Enjoy the crazy, crazy markets & I will catch you tonight on our first every Crypto webinar with Dan, one not to be missed!!
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