HERE’S AN ASYMMETRIC BET
I’m trying out a new strategy to speculate on cryptos at the moment which preserves capital and allows you to make Degen crypto picks at the same time.
It goes like this:
Step 1:
Buy Solana on Coinbase! (I did, you can too using my affiliate link in which if you trade over $100 we both get free bitcoin. 👉 [https://bit.ly/4dyJXma])
Steps 2:
Transfer the Solana you just bought on Coinbase to the Phantom app.
Step 3:
Tap the Solana icon on the app and pick the staking feature and stake 93 to 95 percent of your Solana. I personally pick the native staking feature with Coinbase being the validator because if Blackrock picked them to custody their bitcoin for their IBIT ETF (the largest bitcoin ETF in the world by the largest asset manager in the world) I’m betting they are solid. As of the writing of this post they are paying 7% APY.
The key is to pick a percentage to allocate that is equal to or above the amount you need to get back to even in one year.
Doing so will get you back to the original number of Solana you staked in 1 year.
Step 4:
Go to ChatGPT and ask to pick an allocation with the remaining 5 to 7 percent of Solana you have towards your Degen picks which you’ll buy on Pump.Fun which you can access on the Phantom app and also connect your wallet to. An example of how it would suggest you allocate your remaining SOL is as follows assuming you have 1 whole Solana:
- .02 to .028 SOL to a Mid Cap meme coin ($500K to $1M market cap) that could potentially 10x to 20x. This is a lower risk play.
- .015 to .021 SOL to a Micro Cap meme coin (100K to 500K market cap) that could potentially 20x to 50x. This is a higher risk play.
- .01 to .014 SOL to a Ultra-Micro-Cap meme coin (10K to 100K market cap) that could potentially 50x to 100x. This is a very high risk play.
- .005 to .007 SOL to Nano Cap meme coin (1K to 10K market cap) that could potentially 100x to 1000x. This is a pure gamble.
Step 5:
Pick your meme coins. Ask ChatGPT for criteria for picking winners. Somethings it might suggest are to look for utility, trends, replies, etc.
Step 6:
Check on your Degen picks and take profits when possible.
Conclusion:
Investing involves risk of loss of funds, so don’t risk more than you are willing to lose. But if even an investment of 1 Solana with a moderate price prediction of $700 per SOL by 2045 at the compound rate of 7% holds you’ll end up with 3.87 SOL or around $2,709.00 even if all your Degen plays go to zero before you are able to cash out.
Not bad for a shower thought, eh?
*Please note there are affiliate links on this webpage which if you purchase something through them I might get a commission. Thank you for your patronage.
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