Weekly Action Recap (Nov 17th)

Your action recap for the week of November 17th, 2019
Ryan Sean Adams Ryan Sean Adams Nov 22, 20192 min read

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Dear Crypto Natives,

We started the week with the successful launch of DAI version 2 and ended it with an 18% price drop on our crypto money bets. What gives?

It may not feel this way but the first was more important than the second. The oldest money project on Ethereum and the world’s first decentralized central bank protocol successfully upgrading to much cooler DAI? That’s a big deal—a improvement in long-term fundamentals. The weekly price chart? That’s just noise.

Oh and that feeling in your stomach that crypto is dead? Ask the veterans: it’s been dead many times before. The price may not reflect it yet, but the fundamentals keep improving.

If you strongly believe this crypto money thing is going to be a big deal but have no idea on the timing the logical thing to do is to buy and hold. It’s simple advice, but it’s good advice.

So be like the vets—use the dips to level up on your holding abilities.


P.S. I’ll be releasing a 🔥chat with Robert Leshner from Compound next week to full subscribers only—Robert doesn’t think ETH is money so we obviously spent a lot of time in our convo on that! 😲

Recap for the week of November 17th, 2019


Your suggestions on crypto cards:


  1. Execute any good market opportunities you saw in Market Monday
  2. Complete weekly assignment: Plan your Maker migration
  3. Consider a crypto Visa cardMCO Visa Card is a solid option
    (🎁$50 in MCO tokens w/ code “bankless”)
  4. Consider: is Ethereum a big game to capture more ETH?

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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