We've had a huge shift in the world of crypto. Whether or not you believe DeFi
is a bubble inside of a larger bubble swelling in crypto, the fact is, for right now, at
this moment, it's all that matters, and the opportunities are endless. After complaining
for two years about Bitcoin not going up, many altcoin investors are begging Bitcoin
to stand still. Stabilization of the crypto market has seen decentralized finance, oracles,
and yield farming tokens explode over the last few weeks. If you can't make money
in this market, then you are doing something drastically wrong. Find out how I'm
regularly making huge gains on a daily basis with my new crypto strategy.
You're going to want to listen to this. Let's get it.
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Alright, guys. Today, we are going to be discussing my new crypto investment strategy and taking
a look at the end of this video at MantraDAO. Many of you guys have asked me to cover it,
but first, we actually have some sad news to report as the HODL meme is officially dead in 2020.
If you're out there HODLing during this craziness in the markets,
then you are not utilizing the optimum strategies. Now, of course , if you don't like
being aggressive to make money and you're risk-averse, then it might be best for you not to attack the market,
but I'm feeling frisky. I've been absolutely crushing it for weeks now,
tweaking my strategy and I have it just right. Here's my three-pronged investment strategy
I'm using right now.
Number one: removing HODL from my vocabulary. Number two: taking profits early and often.
Number three: keeping my finger on the Uniswap trigger. So, let's break down how I'm using
this plan of attack. First, HODL is dead. No doubt about it.
The term HODL first entered the crypto ethos in December of 2013 as a typo of the word hold.
A guy basically said he was a bad trader on the Bitcoin talk forum and that he was better off just holding his
crypto, and he accidentally said HODL. And this became the rallying cry of crypto enthusiasts everywhere.
Never sell your Bitcoin! That's what they said.
But all those people who HODLed from 20k down to 3k in 2018 certainly wouldn't feel that way.
They're kicking themselves so hard, they got "kick me" tattooed on their backs
to save post-it notes, thereby saving the trees. Dang hippies.
Now, for years, people have discussed the merits of HODLing and whether it's an effective strategy.
I'm here to set the record straight on that. HODLing is not a good strategy.
In fact, it's downright terrible. What person would volunteer
to take a 80-90% loss after they made a bunch of money? Only HODLers, that's who.
The next bull run, as you can see right now by taking the temperature of the markets,
is going to be wild. And what's about to come is going to get even crazier. Now,
what drives that craze? Speculation. We've discussed before the tension between working products
and the promise of working products in crypto. Right now, working product does
not mean your project will pump, but a speculative product in use case that isn't yet completed
may actually be better off in this market climate. I've said this for years, you can't disappoint people
with a product if you just put off making it, kind of like the appeal of some
things being better left to the imagination, if you will.
Imagination.
If you don't take advantage though of the speculation that's going to occur over these next 12 months,
then you are not going to see your portfolio reach its maximum potential.
When you HODL, you're riding coins up and down like a camel walking over sand dunes with a limp.
All you got to do to take it to the next level is to take advantage of my second plan of attack,
which is to take profits early and often. Listen.
10X gains are great, but they just don't happen in short periods of time that often.
Unless you go to bed and wake up to a 10X gain, you really should never see one. Why?
Because if you're actively watching projects in your portfolio, you should take profits
way before anything 10Xs. Now, some may say, "BitBoy, I don't want to take profits
because, ultimately, I believe the top projects in my portfolio will move."
Okay, that's great. Let's say you hit 25Xs over the next year.
So you HODL for 365 days and hit 25X. That's cute.
I'm hitting 2Xs almost every night now. Sometimes, I'm catching 5Xs and
sometimes, I've caught even more, and you know what I'm doing? Taking the dang profits.
I don't care if the price is going to continue to go up eventually.
If I catch a 5X once per week and a few 2X coins per week, I'm going to have a much
larger portfolio than you will, with a lot more Xs.
While you're stuck waiting for the same coin to cycle through pumps and corrections,
I'm liquid, moving to the next coin I’m anticipating a pump from.
Why would you hold on for corrections? Take those profits and keep reinvesting those in coins
that have not had their pumps yet. Find good projects on dips in the red.
As long as you're not picking dead projects, you're almost guaranteed to catch big pumps with that strategy.
Buy in the red, not in the green.
The final part of my plan is to keep my finger on the Uniswap trigger.
I have ETH available at all times. When the latest and greatest new gems hit the floor,
you're going to need to have your process very smooth. I almost think, right now,
it's "buy first, ask questions later." That's my opinion.
We understand many of these gems are risky. Some may even be scams.
Well, some are. But as long as you don't do something boneheaded and put your whole portfolio
into one sketchy project that's an exit scam, then you're going to be able to make money
based solely on pumpamentals for even the scammy projects.
That's what people don't want to hear right now, but I'm here to bring you guys the truth.
You guys know that's the truth just as much as I do. And remember,
we are not looking to HODL right now. HODL is dead. So who cares if a project goes belly up
in a year and a half from now? I'm just going to treat that coin to a one-night stand
and as soon as she blows, I'm out the door. No regrets.
After the bull run is over late next year, I'm not holding anything. I may short Bitcoin on the
way down and I'll certainly look for re-entry points, but I ain't holding to zero a second time.
You can bet your bottom, Satoshi, on that.
I'm sorry to the true hardcore crypto enthusiasts out there, but until proven otherwise,
the Bitcoin market cycle trumps your enthusiasm and dedication to crypto, and I, for one, won't be left
holding the bag this time. But, once again, guys, I want to reiterate a couple of things.
First, I do believe in crypto for the long term obviously. That's why I do this.
But I'm not sure how many years it will be before mainstream adoption hits.
I think it's probably at least five and two market cycles. This the run to set up the rest of your life---
not shove crypto down all your friends' throats. They will adopt it naturally when it's time.
Secondly, the strategy I've given you today is working right now,
but, guys, this DeFi bubble is getting scary honestly, and, when that pops, is going to be ugly.
The only question is: will it pop according to its own schedule or will it pop with the rest of crypto and Bitcoin
at the end of this bull run, probably next year. Now, that remains to be seen.
I'm hoping the latter, but be careful out there because this making money hand over fist period
may be temporary. If Bitcoin, all of a sudden, starts shooting up to all-time highs,
that could put the kibosh on the whole DeFi party and would nullify my entire strategy,
but you have to be flexible in this space. So just make sure you are managing your portfolio in a way
where you won't be wrecked completely if a DeFi bubble pops, but just know that we are entering
into uncharted territory with DeFi, and it's exciting as crap but also a little foreboding.
So, a lot of you guys have asked me to talk about MantraDAO. It was all in the community,
so let's do that now. You may have heard this project from another big YouTuber who's extremely bullish on it.
Now, the price hasn't actually risen up tremendously. We're going to look at the charts here in a second,
but it could be a good opportunity. So, what is MantraDAO? Well, no surprise, it's a DeFi project,
and also, not surprising, a DAO is involved. I mean, guys, it's in the name.
A DAO is a decentralized autonomous organization. It means that all the features of this project
are automated and decentralized. This will allow MantraDAO to provide staking, lending,
and governance mechanics across multiple chains. The launch of this one went rather smoothly
without a ton of excitement on the charts. So let's look now. The token of this
project is the OM token and it's actually part of the Polkadot ecosystem, but there's liquidity
for it on Uniswap. And a quick look at the chart here shows the price is up about 2X since it debuted
not too long ago. So not too bad, but I'll tell you something.
I noticed this here right away. The coin is not really bumped yet. Just the strategy we were talking
about a few minutes ago. Remember? Stop smoking so much pot. You may be able to.
It's only up 24% over the last week when it had so much hype around it. Something doesn't line up.
In my opinion, this one is due for a big move to the upside in the next week.
Polkadot coins have been extremely hot and will most likely continue to be so.
Just last week, there was an article written by CryptoTicker stating that MantraDAO is the top project
on Polkadot. Pretty impressive. After the Yearn Finance craze dies down, look for MantraDAO
to start making its mark. This project has too many partners to fail, in my opinion.
There are some big names there. It's also already listed on 11 exchanges, both centralized and decentralized.
I also heard rumors of some even bigger exchange listings that while they haven't been confirmed yet
could be game changers if true. And thank you to MantraDAO for sponsoring today's show.
But now, it's your turn. Do you believe DeFi is a bubble? Or is this just the new way the business in the financial
world will be? What's your best strategy to get the biggest possible gains over this next bull run?
Let me know what you think in the comment section below. Don't forget to visit 1BTC.BitBoy.Live to enter
our full Bitcoin giveaway. It might just change your life. I hope you enjoyed this video. If you did,
please make sure to smash the Like button and hit Subscribe to become a member of the BitSquad.
Thank you so much for watching. Have a blessed day. BitBoy out.