1 BLOCKCHAIN MILLIONAIRE: MY TOP 3 TINY CRYPTOSBy Teeka you ever played slot machines in a casino? Or video poker on a cruise ship?They design these games so you ll win frequently. And you can get addicted to because at every opportunity, you have a good chance of win-ning. (Of course, you ll lose all of your money even-tually since these games are rigged against you.)This way of winning where you have more wins more frequently is compelling for the way our minds work. It holds our attention, which is exact-ly why casinos use the strategy in the first if you really want to get rich, you have to do the opposite. And that s what we call making an asymmetric betting is when you win infrequently. Most of the time, you lose a little bit of money or nothing happens at all. But occasionally, you score a massive, outsized gain. And all your losses are erased 100 times of the speculative ideas I put my own mon-ey into operate this way.
2 In the past, I ve per-sonally turned $591 into $13, and another $1,000 into $ s almost like finding , I love speculative plays. And you should, too at least for a small part of your portfolio. But you ve got to do it you make asymmetric bets, you only need to risk tiny grubstakes for the potential to make life-changing that s why crypto is so powerful. It s the only market I know of where you can risk as little as $100 and make tens of thousands of example, during the crypto frenzy of 2017, we saw tiny coins like these skyrocket: Binance Coin rose 8,022% in 2017 alone. That s enough to turn every $200 invested into over $16,000. Or how about EOS? It jumped 752% in just 180 days. And then there s ZCoin. Investors made 22,900% over 2017. And don t forget NEO. In less than a year, it rose more than 150,000%. That s enough to turn $1,000 into more than $ is just a small sample of dozens of tiny CRYPTOS that could ve paid you incredible , a lot of these gains were hit hard since the frenzy.
3 But you must understand: Crypto is a very volatile and cyclical market. It s why I m so adamant that you diversify and position-size rationally. This way, you won t get wiped out, since we won t be using stop losses. It ll allow you to stay in the game long enough to let the game come to you, as I always MILLIONAIREMY TOP 3 TINY CRYPTOSBy Teeka here s the re still in the early innings of this new and emerging market. And over the next year, I believe we ll see a surge in brand-new, massive demand for crypto assets. This demand will come from new crypto financial products created by Wall Street. They ll act as a gateway for investor money to enter crypto assets. It s the same way ex-change-traded funds (ETFs) acted as a gateway for investor money to enter stock indexes, pre-cious metals, and energy products. According to a Bank of America report released in December 2019, ETF assets will grow to an esti-mated $50 trillion over the next 10 years.
4 The total crypto market cap already exceeds $1 trillion. Only a fraction of Wall Street s 500 mil-lion stock investors are currently in this new asset class. Once more pile in, which is inevitable, the crypto market cap will soar , I believe we ve entered a new crypto bull cycle. And in this special report, I ve identified the best three speculative BLOCKCHAIN plays out there today. (Remember, BLOCKCHAIN is the under-lying technology behind CRYPTOS .)Now, they aren t quite as established as tokens like bitcoin and ether. But that s good news. It means you can get in early before they take off. So you can take a meaningful position for just a few hundred is key. Remember, what we want to do here is make asymmetric bets: small-stake, low-risk plays with huge potential payoffs. These are the types of bets that can make you a solid payday without risking your life this kind of early-stage investment, there s obviously a bit of risk.
5 So, start you re a smaller investor, we recommend no more than $200 400 per position. And for larger investors, no more than $500 1,000 per , during the next crypto bull market, I believe we can see even bigger gains than ever before. So you don t have to bet the farm to make life-changing time to get in is NOTE: Immediately after our buy recommendations, we often see an initial price spike. We understand this can be frustrating. But don t worry. This is par for the course in the cryptocurrency space. Most of the time, the recommendation falls back below our buy-up-to price. Use a limit order. Just be patient and let the price come to be sure to visit the Palm Beach Letter Crypto Course. If you have questions about anything crypto, chances are you ll find the answers Play No. 1: Compound (COMP)As you know, Coinbase, the largest crypto ex-change in the , went public recently.
6 It ended its first trading day with an $86 billion market cap. That makes Coinbase larger than many house-hold names in the financial services industry, including CME Group, Discovery Financial, and Intercontinental Exchange, the operator of the New York Stock Exchange. I believe we will look back at Coinbase going public as the moment that crypto broke into the mainstream and became a household term. But Coinbase is just the beginning. The best op-portunities this year are in a different corner of the crypto s called decentralized finance, or DeFi for short. You see, Coinbase is a centralized exchange. While it makes it easy to buy, sell, and store CRYPTOS , it has its pitfalls. The two largest are its high fees and the risk of letting Coinbase custody your s where DeFi comes in. Under DeFi, plat-forms like exchanges are decentralized. They allow users to trade CRYPTOS at a fraction of the and maintain control over their assets.
7 This new realm of finance serves its users better by removing the middleman from the equation. For example, when you purchase stocks from your broker, they earn a fee. But without having to go through a middleman like a broker, the seller keeps more profits for themselves, and the buyer gets a more favorable rate. And I believe 2021 is the year the DeFi trend goes mainstream. Over the past year, we ve seen hundreds of DeFi projects come to life that have built an entire eco-system of financial products. These new platforms are set to disrupt the fi-nancial industry we know today as they remove intermediaries and barriers to entry, which will also lower is set to improve areas like lending, borrow-ing, trading, insurance, asset management, and much as crypto adoption becomes more main-stream, so too will DeFi as everyday users realize the advantages it has over traditional finance.
8 I expect DeFi to evolve into a multi-trillion-dollar sector. Yet it s still flying under the radar of most investors. And Compound (COMP) can help us take ad-vantage of the DeFi trend. It s one of the largest decentralized lending pro-tocols in the world. In May, it reached an all-time high of nearly $12 billion in assets held on the platform. With the recent sell-off across the cryp-to space, that number is roughly $ billion at time of writing. Still, compared to crypto institutions like Coin-base and traditional financial firms, Compound is small enough to deliver incredible returns if the crypto market takes off allows users to borrow against their assets and/or lend them to earn income. The platform is completely permissionless, meaning anyone in the world regardless of their wealth or credit score can use it. Compound pools depositors assets together which borrowers can draw from.
9 This evenly distributes risk and rewards among depositors looking to earn interest on idle assets. An algorithm on Compound sets interest rates. And it automatically adjusts them to reflect market demand. For instance, when borrowing demand rises, rates increase to attract more lend-ers. And when borrowing demand drops, rates decrease to attract more centralized institutions, Compound uses smart contracts to ensure optimal security and allow users to retain control over their assets. (A smart contract is a self-executing contract with the terms of the agreement between parties di-rectly written into lines of code.) A depositor can withdraw their assets from the lending pool at any time of the day, 365 days a year. And since Compound runs on the Ethereum network, it doesn t need to hire thousands of em-ployees or rent expensive downtown office space. This allows it to operate at a fraction of the price, passing on more profits to depositors and more favorable rates to borrowers.
10 Compound will position us to ride the DeFi trend higher. And as more assets flood the DeFi space, COMP token holders stand to benefit from users looking to generate income or take out a loan with their assets. On the security front, Compound will pay as much as $150,000 to anyone who can discover a bug or vulnerability that would cause the loss of assets or other harm to users. That incentivizes so-called white hat hackers to do their best to find and identify potential problems before actual harm can be done to s also backed by some of the largest players in both the crypto and traditional finance worlds, including Andreessen Horowitz, Coinbase, and importantly, Compound is integrated with a handful of innovative applications and platforms. Some of these you might already know, like Bi-nance. Others you might example, Donut allows anyone to link their bank account and start earning interest as much as 4 10% through Compound in a matter of minutes.