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🌓 7 trading strategies for the summer

... how to roll when it's warm

GM everyone. This is 2036, the crypto newsletter that pays you.

Here’s what we’re serving up today šŸ²: the first half of 2023 is almost over. If it didn’t go 100% as planned, here are some strategies to consider over the next few months…

Let’s dig in.

šŸ„” Today’s meat and potatoes

Get smarter on crypto in 2 minutes

Summer days are out. The sun is shining. You can smell if your colleagues forgot to wear deodorant.

It’s the best of times.

Financially, it’s been eventful. The US government is cracking down on crypto, and the FED has announced they might raise interest rates later this year.

So if you’re looking to step up your game in the second half of 2023, here are some strategies you could consider…

1/ Earn some yield on your ETH šŸ’§

If you own ETH, you can stake it on Lido for a 4.2% yield or on RocketPool for a nearly 7% annual yield.

This helps secure the Ethereum network - and your wallet too.

2/ Pick up a depressed NFT šŸ–¼ļø

Some of the most popular NFT projects have cratered 90%+. But many of them are here to stay. Now might be a good time to go shopping…

For an overview of good projects, check out Zencaps and NFT Evening.

You can even borrow against your NFT now with tools like NFTfi.

3/ Study the China narrative šŸ‡­šŸ‡°

On June 1st, Hong Kong legalized crypto trading.

But the Chinese market is vastly different from the Western one. They have their own culture, protocols, games, DeFI platforms, infrastructure, etc.

These could move independently of ā€œWesternā€ coins. Here’s a good list to research:

4/ Diversify your stablecoins šŸ¦

$UST - and its 20% annual yield on Anchor - was the darling multi-billion dollar stablecoin ecosystem of the crypto community last year. It went to zero in less than a week.

Consider diversifying your stablecoins into Tether (USDT), USDC, and DAI.

5/ Consider BTC and ETH šŸ‘‘

Bitcoin and ETH are the only two coins that seem uncompromised by the recent lawsuit of the SEC in the US. They’re the safest coins to own.

If you don’t own any yet, or if your portfolio is just shitcoins - down 50% in the last week - now might be a good time to reconsider getting some of the basics.

6/ Be early to BRC-20s 🟠

We’ve written about Ordinals and Bitcoin NFTs more times than we can count. But we’re still incredibly early to what could become an enormous industry.

Here’s a good list of accounts to follow to learn more about BRC-20s.

7/ Chill 🌓

Summer is the perfect time to get out and relax. Touch some grass, swim in the sea, disconnect from it all.

Looking at crypto prices every day isn’t going to make them go up faster.

80% of successful investing is psychology. So don’t let short-term movements derail you from long-term success.

We’ll explore some of these strategies and a lot of new ones in the next couple of months.

We’ve also introduced a new poll below where you can tell us what you want to see more of!

So stay warm and enjoy the start of the summerā˜€ļø

šŸØ Dessert

Stories to read if you have FOMO

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