Health, Wealth, and Happiness |
| |
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” - Warren Buffett |
|
In today's issue: Crypto investing is a rollercoaster.
At the beginning of the year, bitcoin was $17K. Today, it's $27K... A 58% increase.
For investors, this volatility is the real source of risk. It's not hackers or lost seed phrases; it's the whipsaw price swings.
This volatility can turn investors into overnight millionaires, only to take it away again by morning.
How do you manage this risk? The topic is rarely talked about in crypto circles, but to us, it's everything. It's this risk that keeps most normal investors away... and with good reason.
A few weeks ago, we published our Crypto Investing Principles in one simple, step-by-step guide. Today's video shows you how to manage risk when investing in crypto. Read on. |
|
| | Must Read Today's most important story for crypto investors. |
|
Layer-1 blockchain Solana, which has fallen on hard times, is among the first in the blockchain space to embrace AI in a bid to reverse its downtrend. Earlier this week, Solana unveiled its new ChatGPT plugin with functionality to purchase NFTs, transfer tokens, and analyze on-chain data. The plugin is available for download from Github. |
|
Anatoly Yakovenko, CEO of Solana Labs, said he expects future versions of the plugin will be able to write smart contracts and deploy them on-chain. “I think what would be cool is an AI plugin that you tell, ‘Hey, I want to do an NFT set with 10,000 images in this style with these traits’, and then stable diffusion generates the whole thing, mints them on-chain, sets up a Discord group, starts answering questions, and starts building out lore and stories. I think there's a lot of interesting, weird things that could happen.” -- Anatoly Yakovenko, CEO Solana Labs
Solana is also boosting its AI accelerator grants program to $10M on May 23, a tenfold increase from the prior grants program. It intends to foster the development of machine-learning models that interact in the Solana ecosystem. Grants are valued between $5,000 and $25,000. There are already several AI-focused Web3 projects that operate on the Solana protocol.
It remains to be seen whether AI, the buzzword of the moment, will help Solana climb back from the depths of its downtrend. While the blockchain's native SOL token is up 80% in 2023, it remains 92% below its 2021 highs.
Investor takeaway: So far, it doesn't look as if investors care much about this news, but if Solana can continue adding AI functionality, it could make the Layer-1 chain more attractive to developers and investors alike in the long-term. |
|
Premium Power-Ups Level up your crypto investing game. |
|
New NFT Investor Scorecard: Dreadfulz! |
|
Dreadfulz are the opposite of the pastel-colored, cutesy, warm animals of some other NFT projects. That's not the only difference, either.
Dreadfulz were created to make money for their holders from the outset, and with a unique stake/earn tokenomics system, holders can collect value simply by holding a Dreadfulz NFT.
Like many NFT projects, Dreadfulz had a strong start, but early investors might not be too pleased with the dreadful price action in the second half of 2022.
In our latest NFT Investor Scorecard, our analysts look at whether Dreadfulz are a great value now, or if the tongue-in-cheek take on villainy, greed, and evil is overdone.
Not yet a Premium member? Sign up now and access our complete library of NFT scorecards to help you separate the valuable from the dreadful. |
|
VIDEO: How to Manage Crypto Risk by John Hargrave |
|
| | ICYMI In Case You Missed It |
|
The best cards to spend (and earn) crypto on everyday purchases.
Why regulatory clarity will be good for investors. (Premium members)
How to put crypto into your retirement plan.
Four minutes that could make (or save) you millions.
+ Your top 10 weekly fundamentals. (Premium members) |
|
| | Share This Meme Copy, paste, and post |
|
Spread it out and lower the risk. |
|
Share the Love Help grow our crypto investing community. |
|
Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Nick Marinoff, Steve Walters, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
Both free and Premium subscribers get content to build them into better investors.
|
|
|
|
|
|
|
