MMO & 13 Lessons To The Class of 2021

  
0:00
-6:01

Good morning everyone.

First, quick Monday Market Overview. This week I would like to plug a great show I watch.

Bitcoin is holding despite equities looking like trash which is a good sign for now.

I am looking for SOL to outperform both BTC and ETH short term.

Trader Highlight


For those interested, I wrote the below article last week for the guys down at Green Candle Investments. Give them a follow!

Have a good week,

-Molesy


I have been on this wild bitcoin ride for 5 years now. As the Farmer’s Insurance quote goes - “We know a thing or two, because we've seen a thing or two."

That being said, I would like to give the class of 2021 13 lessons. This list is in no particular order. It is what I wish I could tell myself when I started the journey.

Dear Class of 2021,

  1. Learn to get punched in the face

    The journey is long. People will doubt bitcoin, they will question your investments thesis, there will be very negative news. You must smile throughout it all and keep yourself centered.

  2. Being born in a bear market is an advantage

    I was born in the bear market of 2018. The experience helped me develop conviction and patience. New investors entering the space today are used to bitcoin in ‘up only’ mode. That will not always be the case. Volatility is the price you pay to get a 200% CAGR and beat all assets.

  3. Learn to run a node and becoming self-sovereign

    I always knew what a node was and loved bitcoin. However, once you put together your own full node, you fall in love with bitcoin. It becomes this beautiful creature as you watch the blocks come in and sync with the other nodes. Running a node brings this whole puzzle together from store of value to medium of exchange to self-sovereignty (ie. controlling your data, controlling your life, controlling your energy.)

  4. Bitcoin’s definition should = a technology that brings the world together

    Bitcoin eliminates borders making you feel at one with the Earth. This brings a sense of connection to one another. This brings a desire to help and be selfless. Peter McCormack once ask a small group of us at a meet up “How are you helping bitcoin?” You must help bitcoin succeed, even in a small way. Donate to developers, run a node, write, make videos, build, code, attend events.

  5. Eliminate expenses and buy as much bitcoin as you can

    Make a google sheet (here I made one for you). Write down all your expenses and eliminate things you don’t need. Find ways to buy as much bitcoin every month. Stick to the plan.

  6. Don’t let bitcoin become your full identity

    Have a passion for it, but don’t let the price swings affect your mental health. Make sure you have passions and hobbies outside of crypto.

  7. Don’t use leverage

    I have used leverage before and made a lot of money and lost money. Stick to the spot markets. Crypto goes up enough.

  8. Ethereum isn’t a scam but it is not sound money

    Bitcoin has won the money layer. Everyone else is competing for space. Bitcoin is the base layer on which everything is built. Without bitcoin there is nothing. Without ETH there is bitcoin.

  9. Long-term bitcoin beats all assets (most altcoins trend to zero against BTC). That being said you can out-perform bitcoin in the short term. Make small bets but keep bitcoin as your main portfolio (85-95%).

  10. It is okay to take profit (sometimes the dollar has strength short-term)

    Life isn’t all about bitcoin and holding to your die. That being said, you better be willing to hold bitcoin for at least 5 years. Keep a % of your stack that will never sell no matter what.

  11. The interest isn’t worth the risk

    There will be centralized platforms out there offering interest on your bitcoin. Don’t use them and custody your bitcoin (learn multi-sig as fast as possible). Bitcoin goes up enough on a compounded annual basis. A 3% interest payment is not worth the risk to give up your private keys.

  12. You will be rewarded

    Bitcoin just makes sense as we become a multi-planetary species and create new knowledge/technology. Even you will underestimate what bitcoin will be worth in the future.

  13. Put all your eggs in one basket, and watch that basket

    Forget 401ks, stocks, bonds, gold. If you are young, go all in crypto.


As a reminder, this is not financial advice. Do your own research. 

Nothing in this newsletter constitutes investment, accounting, tax, or legal advice or is a recommendation that you purchase, sell or hold any security or other investment or that you pursue any investment style or strategy.