Letters From Jack: #1 Preparing for the Bull

This is so cool finally being able to publish my first newsletter. I have been anxiously awaiting this functionality for quite some time. Huge thanks to the Sigle team for consistently delivering! In addition to that, thank you so much for subscribing! I hope that this will be worth your time, so lets get to it!

As most of you should know I am bullish on Stacks, and a Bitcoiner. That said, I am not a maxi of any sort. The truth is that many existing crypto projects will be household names in the future. More importantly than that flipping good projects has always been a major part of my plan to accumulate more Bitcoin.

At this point I am supposed to say something along the lines of “this is not financial advice”, and that is correct. This is simply a glimpse into my strategy for the upcoming bull market. I am not endorsing any of these projects, and rest assured…none of my bags are big enough to dump on you lol.

Underlying Strategy

While I would be lying if I said I didn’t enjoy trading shitcoins, the fact is now is not the time for that. During this cycle I probably will indulge a bit, but it will be with a small part of my overall portfolio. For right now I am focusing in on some Coinbase listings that have been at or just above support.

Another part of my strategy is to start small. For me personally I find it much easier to manage a position when the amount of money I risk is relatively inconsequential. Learning this has been the result of trial and error, and this is what works best for me.

Managing overtrading is another concern of mine. Starting small helps this a bit, but I have to be vigilant and stick to my overall plan - which is to cash out of these coins at 5x or 10x in some cases.

I have my eye on several coins, but the ones I made my first buys in are as follows: Lido, Fetch, ai, and Polygon. While I am sure you are familiar with them, it doesn’t hurt to include a brief synopsis.

Lido:

Lido is an Ethereum-based decentralized finance (DeFi) protocol that allows users to earn interest on their crypto assets by providing liquidity to the platform's lending and borrowing pools. Lido uses a unique liquidity provision model that allows users to earn interest on their assets without having to lock them up in a smart contract, which makes it more accessible for casual users.

Fetch. ai

Fetch. ai is a blockchain-based project that aims to build a decentralized artificial intelligence (AI) platform to enable autonomous agents to perform tasks such as data exchange and contract execution. The platform utilizes a unique consensus mechanism called "Fetch. ai Controlled Artificial Intelligence" to ensure that the network's decision-making process is fair and efficient.

Polygon

Polygon is a layer-2 scaling solution for Ethereum that aims to enable faster and cheaper transactions on the Ethereum network. It is built on a network of sidechains called "Polygon Chains" that are secured by a network of validators. This allows for increased scalability, as transactions can be processed on the sidechains rather than the main Ethereum blockchain, reducing congestion on the main chain. Additionally, the polygon has own native token called MATIC.

Like I said, there are other coins that I will be buying into, and will be featuring in subsequent editions, but based on the charts these are the coins that looked ready to pop.

My first Lido buy was at $1.08, and this was my biggest buy. At the time of this writing it is currently trading at $1.87. My second buy was Fetch. ai, and I got in at $.13, at the time of this writing it is worth $.19. My third buy was MATIC at $.78 and at the time of this writing is valued at $.89

Gameplan

I am not anticipating an up only environment anytime soon, but instead I am hoping to able to DCA into these and other projects for at least another nine months or so. These are all spot buys, and I plan on holding them for six months to a year.

In addition to adding to these positions, I will be on the lookout for other Coinbase listings to DCA into as well. Some on my radar are: GRT, DOGE, ALGO, DOT, AVAX, and ZRX. I will be sharing my strategy with these as well in coming newsletters.

Closing thoughts

I am not 100% certain yet what the focus of the newsletter will be, but trading will definitely be a part of it. I like to write about the things that I enjoy, and if you enjoy reading them, let me know. Your feedback is always appreciated. Thank you so much for being the first subscribers to this newsletter, and for your continued support. Until next time, Jack.