Exponential growth is here now. Want proof?
- Look at the performance of Crypto Currencies over the past seven days.
Sourced: https://www.coingecko.com/en
Decentralized Finance (DeFi) applications of Blockchain technology are racing forward: DeFi has grown exponentially in the past year from $6.8 billion to $80 billion, according to data from DeFi Pulse.
Almost all DeFi protocols are built on the Ethereum (ETH)* blockchain. We suggest Ethereum along with Bitcoin (BTC)* be core holdings in building a portfolio of Cryptocurrencies. 118 altcoin protocols can be seen at DeFi Pulse site. Of the 118 altcoin protocols listed all but four are built on Ethereum.
Here are the DeFi alt-coins included in the new Bloomberg’s Galaxy DeFi Index.
1. UNI Uniswap 40.0%
2. AAVE AAVE 18.0%
3. MKR Maker 12.7%
4. COMP Compound 10.0%
5. YFI Yearn.Finance 5.4%
6. SNX Synthetix 5.0%
7. SUSHI SushiSwap 4.3%
8. ZXR 0x 2.8%
9. UMA UMA 1.8%
If you buy the top 3 crypto’s, you own 70% of the DeFi index.
There is also an Equity Fund that can be bought, Bitwise 10 Crypto Fund (BITW) $48.50 than holds the ten largest market cap cryptocurrencies. This fund rebalances monthly to replace or add the movement into or out of.
The Bitwise Crypto fund meets all our intermediate-term technical signals for being in a rising chart pattern.
There are reasons to buy into direct ownership of Crypto coins.
- One is potential for higher return that comes with more volatility in owning individual names Vs buying a fund or and index.
- The second, interest is paid if you own an individual cryptocurrency and allow the lending of your cryptocurrency for use by others in the industry. This is not risk free and you should understand more but it is a rapidly growing practice in the crypto exchange universe. Interest rates at Voyager Digital range from 5% to 12% depending on the cryptocurrency you own. Celsius pays slightly higher on about 2/3 of the coins whereas as Voyager pays higher on about 1/3 of similar coins. Minor differences.
We encourage you to open a small crypto account to learn more about Crypto as fast as you can. We are not encouraging you to trade cryptocurrencies. We are of the opinion that buying small increments regularly (dollar-cost-averaging) and owning for three to five years will be a very profitable strategy. You can get appreciation (maybe) along with an interest rates. No bank will do this for you.
LOTM has opened crypto account at three exchanges Coinbase – Celsius and Voyager Digital. Celsius was complicated to set up and did not have the coin, I wanted to buy, which was a pretty common coin, Polkadot (DOT). Coinbase was fine but the commissions were high on the small amounts I was using. 3% to 4% per transaction. Voyager Digital easy to set up but it did take seven to ten days for them to approve me. They are the fastest growing digital exchange in the United States and pushed hard. Once I was approved for transferring funds and buying, I found their site far superior to Coinbase. I did not complete the opening to Celsius due to the complexity of doing what I wanted to accomplish.
- There are no commissions at Voyager. The industry will eventually join Voyager in this feature, but it was nice to see Voyager ahead of the industry.
- Lending for an interest rate is automatic but easy to opt out.
- The cash transfer time from personal bank to Voyager is lengthy but once your account is established, they allow you to purchase crypto as soon as a request for funds from your bank is entered, so there is no delay from the request for a transfer to placing a trade.
- What I really like at Voyager and use daily, is the aggregated news flow available. While there are repeating headlines that show up for all currencies, there is news specific to the individual cryptocurrencies. I found this a real time save in tracking what is happening to each specific crypto currency.
- There is a certain amount of “feeling the system out” but after that initial discovery period, I love their system.
- Voyager is in the process of merging with a stock, options and Futures firm. Once complete, they will be the model of what I believe the industry will eventually be – an exchange platform for trading crypto, stocks, futures, options, interest received on your Crypto, ability borrowing against your positions, a payment platform with a debit card for both US$ and crypto payment if you choose to do so.
Voyager currently has a refer a friend program in place until mid-September.
If you open an account in the period above, deposit and trade $100 , they will deposit $25 of bitcoin into your account and $25 of bitcoin to mine as referring friend. Voyager will ask you for my referral code. It is THO537C55
- We think is an excellent low risk intro to crypto trading if you are not already doing so.
- The aggregated news flow at voyager is an excellent way to get forward looking actionable ideas.
Since LOTM is a free newsletter, we appreciate the tip, should you chose to open an account at Voyager Digital. I can say categorically, I love the easy use of their app. Besides the account is up 73% in four weeks.
Since July 23 I have made six small, equal dollar deposits, building positions in four Cryptocurrencies.
- My mix is 31.5% ADA – 10.9% BTC – 9.4% ETH & 48% DOT
- I started with a position in DOT, moved to buying a second position in ADA and now I am working on building equal $’s into ETH and BTC as I put into the first two.
- The account is up 73% in four weeks. Looking at the list of Coins in the opening of this post, I don’t think it is my coin picking that is giving me 73% in four weeks. I think a new wave upwards in crypto coins has started. My intent is to continue accumulating over a three to four years period. I believe Blockchain technology is the new generation technology that has a couple of decades to run. I want a position in this game! I dollar-cost-average over time, because I intend to own long-term and I want to mitigate the risk of volatility by the dollar-cost-averaging risk management tactic.
Sign Up: Download Voyager Digital App and open an account
Share: Share this code THO537C55
EARN: Once you have opened a Voyager account and Trade $100, you and I both earn $25 of Bitcoin.
Accounts related to LOTM bought a position in Voyager Digital (VYGVF)* $14.14 stock following the trials at the three exchanges mentioned.
If this sounds like a sale pitch to buy Voyager Digital, it does reflect our excitement about Voyager, the company. We believe the stock has three to four times upside potential over three years. There is risk and volatility as in any rapidly expanding company, so be aware of this.
TipRanks review of analysts gives Voyager (VYGVF)* $14.10 high marks:
Three excellent sources of knowledge and news flow in crypto are:
- Raoul Pal: Home page Link
Raoul Pal’s Real Vision™ is where you can gain an understanding of the complex world of finance, business and the global economy with real in-depth analysis from real experts.
Excellent interview of Raoul is: How Bitcoin Is Eating The World & Why Ethereum Is The Biggest Gamechanger Of All 45 minutes
Raoul Pal’s Introduction to the Exponential Age 1:29
- Scott Melker: Home Page Link
The Wolf Of All Street Podcast. Scott Melker talks to your favorite characters from the world of Bitcoin, trading, finance, music, art, and anyone else with an interesting story to tell. Sit down, strap in, and get ready – we’re going deep.
Sample Video: $2.50! CARDANO HITS ALL TIME HIGH | 17 minutes every morning report
- Crypto Banter: Home Page Link
Crypto Banter is a Go-To live streaming, news, educational Bitcoin, Defi, NFT, Blockchain and Cryptocurrency channel. They interview the biggest industry guests, Billionaires, thought leaders and professional traders every single day, ensuring YOU have your finger on the pulse to learn, make the best trades or investment decisions to become part of this rapidly growing market, technology and COMMUNITY! (obviously their pitch)
Sample Video:
4 STRONGEST ALTCOIN BREAKOUTS TO FOLLOW THIS BITCOIN BOUNCE 40 minutes
In Summary:
In this post we have shared
- how explosive returns can be owning crypto,
- Interest rates you can earn from owning individual cryptocurrency.
- Commission free trading in crypto
- Source of headline news flow, aggregated on altcoins you might own at Voyager Digital.
- Two timely equity ideas related to Crypto, BITW and VYGVF
- Our recommendation and how to start owning crypto if you have not done so
- A $25 gift of Bitcoin for opening a $100 starter account.
- YouTube sources to check regularly – we suggest subscribing to these channels if even to see headlines.
Said another way, consider this a starter kit to owning individual crypto-coins, if you have not done so. If you have questions send me an email at Money@LivingOffTheMarket.com. I will do my best at helping but, I am a not give investment advice. On the other hand, this isn’t regulated by the SEC yet.
Available for Coaching, Training or Mentorships
Contact LOTM For One-on-One consultations.
Rates are $125 per hour / less for retainer
LOTM Research & Consulting Service
Where Value meets Buy Signals!
Feel free to forward or recommend to others.
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
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