👀 An important reminder

GM everyone. This is 2036.

I wasn’t going to write a newsletter today - but I’m breaking the rule for a quick public service announcement.

You see, altcoins are popping 📈

The biggest gainers are the sectors I covered last week:

• Layer 1s like SUI

• AI coins like TAO and

• Memecoins like POPCAT and WIF

Ok, but why is this important?

Because I’m seeing increasing talk of trying to catch ‘the next WIF/TAO/SUI/insert-popping-coin-here’.

And for 99% of people, that’s a huge mistake.

If the next stage of the bull market takes off now, the worst thing you can do is to sell winners because you don’t think they have enough upside.

WIF can only do 20X from here? Let me sell for XYZ wif-copycat that can do 200X.

I’ve addressed this before, but it bears repeating: it’s better to throw fuel on an existing fire than on a bunch of dry leaves, hoping they’ll one day catch on.

The market has already identified clear winners in each category: Layer 1s, memecoins, AI, DeFi, etc.

You’re likely much better off sticking to those than chasing the next hot thing.

(New category leaders will emerge once in a while. And it’ll be my job to inform you of those.)

Sure - if you spend 14 hours a day behind your laptop researching crypto, you might be able to spot a new category winner before everyone else.

But if not, you’re likely taking on too much risk.

POPCAT - which I started covering in May - is now one of the largest memecoins on Solana. Yet it is constantly stronger than many smaller coins that supposedly have ‘more upside.’

Smaller coins can sometimes offer more upside. Sometimes. The increased downside, however, is always guaranteed.

That’s why, for most people, it makes sense to just buy the category leaders.

Sure - this means some people will outperform you.

Someone will find the next 1,000X and make millions. It happens in every cycle.

But don’t let that drive you to YOLO your funds into smallcap sh*tters out of FOMO.

To win in this part of the bull market, you need to own a handful of high-conviction altcoins and let them ride for the duration of the cycle.

Don’t be a rotator.

Now— if it’s hard for you to sit and do nothing or you just want to have some fun, reserve a very small % of your portfolio for high-risk coins.

It’s better to meet our inherent gambling needs safely than with the entire portfolio.

But be prepared.

If the bull market takes off now, you’ll feel intense FOMO and greed.

The key is to avoid making too many big mistakes.

Sometimes, you’ll feel stupid. It will suck. It will hurt.

And at times, you’ll feel like a genius.

It’s all part of the cycle.

Markets have a way of shaking out even the toughest players.

Don’t let that be you.

• How and when should you take profits?

• What does an ideal crypto portfolio look like?

• What are the best tools and platforms to use?

• How do you manage your psychology along the way?

• What are the biggest mistakes everyone makes that you should avoid?

  • Get these answers (and many more) in Enter, Earn & Exit, my 2024 blueprint for investing in crypto. Get $100 off using code ‘2024’.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.