My Guy Says Money Is Real Cheap Right Now Crossword
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Stuff.co.nz - Millennials, dig in. Your country needs you. New Zealand has a glut of avocados right now, so they are cheap. Cheaper than usual for this time of. I actually wrote a whole post about this here. Back to the problem. Option 1: Remove the bottom layer around the whole perimeter of the shower only and have it replaced. Problem: We’re still left with taking a gamble on the marble which has proven to not be the best material for a shower.

I will try and keep this as current as I possibly can over time.

As always, make sure you read the disclaimer, and understand this is not investment advice. Most of these coins and tokens were purchased at a cheaper price than where they are now, and I cannot officially say whether or not I would endorse any of them at their current prices.

This is my crypto portfolio as of December 3, 2020, and I do not plan on buying anything for another month or two. Any extra money I make this month, and likely next, is going into cash.

Criteria

I am only interested in large cap and mid cap coins. Crypto on its own is already a high variance, high volatility market. No need for me to sit here and try to shoot the moon. These are buy and holds.

It also has to be on one of the four exchanges I’m on, or included in my hot wallet. Four is way too much for me, honestly. I have mentioned before how I am a fan of diversifying your money and spreading it out, but even I have to admit this is getting silly.

I already have four crypto exchanges, a physical metals account, two FX accounts, one stock brokerage account, PayPal, Google AdSense, and four bank accounts. It has officially gotten ridiculous. I will be looking to consolidate some of these come 2021.

Edit 2/19/21 – I have deviated from this already. At the time, the best chance for real upside with the least chance of downside was on the large and mid-cap coins. Now I’m hunting for value, and this has shifted to the lower-cap coins IMO. To mitigate risk, I am taking crypto gains and rolling some of them over into a lower-cap gem or two, so it can be a “free play”. For the most part however, I am still tilted heavily towards the larger coins going forward. See my adds further down.

I am not a super crypto nerd, super crypto nerds might take issue with some of the things I say here, and I’m fine with that. No need to chime in, you just do you.

I am a finance guy however, and sleeping on what could very well be the future of finance, even if it’s for only a decade or so, is a huge mistake. All of you reading this should at least be staying up to date on this space. No excuses not to, even if you hate it.

You are officially finance people too now. We will always have a specialty of course. I’ll be an FX specialist for life. But it makes zero sense not to also be learned in the stock world, the commodities world, and now the crypto world as well. Zero sense.

The ability to be on top of what’s going on the in the world of money, while the rest of the planet looks around in confusion and scratches their butt cheeks is the one thing protecting us from a very uncertain future in the world of finance. Do not screw around here.

You aren’t required to participate, just have a plan ready, and be able to strike when it’s time, and before everyone else finally figures it out.

But bonus points for participating, for sure. Cryptocurrency could very well go down in a once-in-a-three-generations opportunity when it’s all said and done. And we had plenty of time to enter. At NNFX, we play it smart by using strict money management, and by putting the odds in our favor at every turn.

Even with high-variance markets and sectors, the odds can be disproportionately in our favor, and I believe it is here.

Below, I will list what cryptos I am holding, and why. You will also see updates in italics as I trim positions or get rid of one altogether.

Bitcoin

Already made an entire blog post about this one. The ecosystem this time around is entirely different than it was before. I’m happy with my choice here, without a doubt.

As far as adding on, I will not be adding on past $20,000 per BTC. I don’t have much of a solid reasoning for this, other than “Hey, you gotta stop somewhere, amirite?”

Money management-wise, it’s hard to replicate a lot of the structures we use on the channel, so your Buy and Hold playbook is important here.

Keep in mind however, if this really is the future of money, and once BTC runs out and becomes coveted, there really is no logical place to exit out completely. You just have to play it by ear, which totally sucks, but it won’t feel so bad if BTC runs to $500K or more like some are predicting. Luxury problem.

My Guy Says Money Is Real Cheap Right Now Crossword

1/4 of my position closed. Initial investment recouped. Free shares now.

Ethereum

This is the one I have been choosing to add on to when I get the opportunity. The future is crazy bright. It’s the one chain everyone else wants to build on. Buterin is a genius, the funding behind it is tremendous, and the sky really is the limit here.

Will it get replaced in the future? Certainly could, but if you had the chance to get into something like MySpace early on, you wouldn’t think twice about it. I see MySpace earliness with Facebook upside. Lots of institutional money agrees, and provides a nice cushion below.

XRP

UPDATE – As of December 28, 2020 I have traded in all of my XRP for more ETH. This is on the heels of the SEC investigation going on right now against Ripple Labs and its founders.

The SEC does not lose. What’s worse, is that US citizens can no longer purchase XRP on exchanges. Not sure if this will last, and XRP is “cheap” right now, but hear me out on this.

There is so much upside to larger cap coins like ETH, ADA, DOT, and LINK, that I feel very little desire to chase lower cap coins at this point, or projects like XRP which have hurdles and headwinds that these other projects do not.

Still rooting for you guys in XRP-land, I hope it does moon. The community deserves it IMO. But I will say, not being married to these projects does have its advantages.

Litecoin

You just can’t keep Litecoin down. I’m probably heavier into this one than I want to be, but with an ambitious founder, huge community, and as much as I make fun of things like Mimblewimble, you certainly want to be in projects who are constantly trying to bring new innovations to the forefront.

PayPal chose LTC as one of their available coins, which is huge, and if I look back on it, this has been the one non-stablecoin I have transacted with in the past, and it really is lightning fast and a simple process. As far as transactions go, nobody is going to want to transact with BTC or ETH, people would much rather hold those. If LTC can go down as the top transactional non-stablecoin, this is big.

Once people have gobbled up supply of BTC, what is next down the list in terms of scarcity? It’s Litecoin. There are only 84 million Litecoin in circulation. This means something. Lots of funds out there look specifically for scarcity. I want more Litecoin going forward. What’s next after Litecoin as far as scarcity goes? Believe it or not, Bitcoin Cash, who also only has 21 million in circulation, and at a much lower price. Just sayin.

1/4 of my position exited. Initial investment recouped. Free shares now.

My Guy Says Money Is Real Cheap Right Now

Chainlink

I traded in my Dash for Chainlink awhile back, and while I really like Dash, probably even now more than ever, I certainly don’t regret the decision. Huge gains.

To me this is like investing in Cisco early on. LINK is the best-of-breed in the oracle space, which people would be crazy not to be a part of. LINK has a huge lead on everyone else. There are some other intriguing plays in the space, but they have massive amounts of catching-up to to. Interested in adding more LINK down the road too.

Cardano

Boy do I love this one. So sexy. Another genius founder who really played the long game and took his time, and now it’s paying off big.

ADA has the real chance of becoming the blockchain of choice over time, but even if it doesn’t, the upside is still fantastic. It has the luxury of sitting back and watching what ETH does, then improving