📝 The (short) bull market 10X guide

GM everyone. This is 2036. We scroll for gems all day so you don’t have to.

Here’s what we’re serving up today 🍲: It’s here. I feel it in the air every day now. My old friend - that drives perfectly reasonable men and women to madness…

Let’s dig in.

FOMO.

That’s what it is. It’s the quintessential feeling of a good bull market. And yes - it will only get worse from here.

The bull market is officially in full swing.

We had to dig for opportunities in the first half of the year. Now, they’re everywhere.

NFTs are back. Crypto equities are soaring. Gaming tokens are on fire.

So, how do you navigate the maze and make money?

Here’s a quick gameplan:

1/ Choose your arena.

There are many ways and places to make money in crypto. But for ease’s sake, we’ll narrow it down to two: on-chain and off-chain.

On-chain is the true ethos of crypto. Your funds are bridging from blockchain to blockchain. You’re minting NFTs, storing on Metamask, using cold wallets, exchanging on Dexes - the whole shebang.

It’s where most beginners choose to play.

And it’s where enormous fortunes are made and lost.

Yes, some people will mint the next Cryptopunk for $10. Others will correctly pick the next 100X gaming coin.

But many more will lose their funds in phishing scams, faulty smart contracts, rug pulls, bridge malfunctions, fat finger f*ck-ups, shitty portfolio selection, etc.

That’s why others will choose to play off-chain.

Offchain is the regulated brokerage account that gives you access to crypto equities and options.

Sure - you won’t own actual crypto. And you’ll only trade during market hours.

But your funds are regulated and (somewhat) protected from many of the downsides of crypto.

Off-chain is more conservative. On-chain is true degen.

2/ Choose your level of risk.

In both the on-chain and off-chain world - you can take steps to increase your potential return and risk.

You can think of it like a risk curve that looks something like this:

On-chain: bitcoin → ETH → Solana → blue-chip NFTs → other Layer1s → >$1B market cap coins → all small cap coins & NFTs

Off-chain: bitcoin/Ether ETFs → $COIN → other crypto stocks (e.g. $GLXY, $GDLC, etc.) → bitcoin miners → options

[This is a rough outline. You may disagree. It’s not meant to be 100% accurate, but it gives you a framework for thinking about risk.]

The further out you move on the risk curve, the higher your risk - and the higher your potential return.

Great investing involves identifying opportunities that offer high returns for less risk than expected.

I talk about these all the time. For most of the year, $GBTC and $ETHE fit that bill.

Today, I believe some examples of these include:

• $COIN, $RIOT and $CLSK - undervalued off-chain equities

• Blue-chip NFTs on ETH (like Pudgy Penguins) and Solana (like MadLads), as well crypto gaming coins ($SHRAP, $ILV, etc.) for undervalued on-chain opportunities.

But that’s just my opinion.

I could be wrong and you’ve probably identified different opportunities I’m unaware of.

But your job isn’t to maximize returns alone - it’s to maximize returns relative to risk.

So ask yourself: would you rather have a 50% chance of making 10X inside your brokerage account or a 5% chance of making 100X on-chain?

3/ Take profits.

This is the most overlooked part of investing in crypto.

I’ve roundtripped A LOT of money myself, and I’ve seen too many people go from broke to rich to broke again - just because they didn’t take profits.

Remember, if you make life-changing gains, use them to change your life.

It’s easy to get married to your investments. To feel like they’ll go up forever.

But crypto moves in cycles; we’re not here to change that. We’re here to ride the wave and make some $$.

So I’ll be here to guide you the best I can.

But opportunities will now keep popping left and right. Our job will be only to swing the bat when it really makes sense.

P.S: the deadline to participate in the early-stage investment I talked about this week is today (it moved up one day because of strong demand).

The round closes today at 3 pm ET. If you’re interested, reply with “I’m interested” and I’ll send you the details.

1/ Illuvium is about to be tested by the big boys

2/ Elon Musk tells advertisers to go f*ck themselves