Turning $5K into $1M: The Journey So FarĀ š
As some of you know, I took on the challenge last yearāflip $5K into $1M. No VC backing, no insider plays. Just spotting narratives early, trusting the right communities, and playing the cycles.
Early Picks:
š¹Ā $WIFĀ ā Cashed out atĀ $22KĀ in summer.
š¹Ā $Coq InuĀ ā SecuredĀ $4.6KĀ exit.
š¹Ā $Benji & $BeniĀ ā The OG Base dog memecoins (still holding).
Why I Went All-In on Base Memes:
šĀ Solana FUD was growingĀ while Base was gaining traction.
š BaseĀ Memes werenāt just memesāthey were building realĀ apps, utilities, and onboarding users.
šĀ @coinbase, @jessepollak and @brianarmstrongĀ were backing the chain HARD.
The Coinbase Pets Meta Became ClearĀ šš±
So IĀ bought the dipsĀ and went all in on the Base Pets Trio!
š„Ā $TOSHIĀ ā The OG, was a steal at 50M MC.
š„Ā $MOCHIĀ ā Had a Bottomed out chart last month, perfect entry.
š„Ā $BENIĀ ā A sleeper with the right narrative.
šĀ Current Portfolio: $218,089.46
Still far from $1M, but the game is long, and the picks are strong.
š Whatās Next?
TheĀ Base Pets meta is here to stay, and the best Base memes with strong communities will continue winning.
FIND them. STICK with them. HODL.
You are gonna make it.
(Iāll be posting monthly updates about this portfolioāstay tuned and follow along š)
Stay Based
Bitcoin just kissing the 200 WMA.
Yesterday we hit $61,442.70, which actually pierced below the 200WMA by about 0.61%.
Bottom 9% of historical valuation, and historically this zone has produced median 12-month returns above 120% and median 24-month returns above 320%.
Buying more here.
Here is what this means for @fundstrat and $BMNR @BitMNR in simple words:
1. $BMNR sells shares for $100 a piece 3M shares (6X current market value) and raises $300M
2. @fundstrat promises to pay 9.5% dividend annually. So roughly $30M
3. Bitmineās annual staking rewards are roughly $300M.
Here is why itās really smart and different than $BTC $MSTR $STRC
We spend only 10% cash of the annual stacking reward to buy $300M worth of $ETH now probably closer to the lows.
We donāt need to sell $ETH to cover the dividend because staking covers it 10X, we could potentially raise $3B and be staking rewards neutral forever and never be in the pressure to sell $ETH like @saylor did recently with Bitcoin.
As @fundstrat always said: no debt.
I think of a dividend 10% of the profits paid to investors (same like a normal dividend stock) but instead of just paying that to investors you get 10X more back in cash one time to built your business.
Smart move. Well a few more thingsā¦
This all will trade under the ticker symbol $BMNP at $100 with a FIXED dividend of $9.50.
Now the $100 isnāt fixed so it can go lower, but letās say it drops to $50 ($BMNR no problem as they already collected the $300M) the buyer still gets an annual dividend of $9.50 on $50 which would be 19% dividend per year paid weekly to the investor. So the price will regulate itself.
This is a really smart way for $BMNR to raise more funds. I am curious if it will be fast sold out and we could raise even more money this way.
This all looks stupid now, I know, I was investing in $TSLA at $23 and it dropped to $11.
But this will look completely different when $ETH is back at $5,000 and then much higher.
I'll say what almost nobody in this space will say right now: I'm bullish. I literally don't care.
At the highest fear we've seen, with every chart looking absolutely horrendous, I'm bullish on crypto.
Oh well!
Call me the bad guy for it. I'm fine being that guy.
Almost no one is discussing these charts, and I will happily be the one to show them to you. Even if I'm wrong, I'm glad to be able to offer this data for consideration.
Start with copper/gold. Overlay it on PMI going back to 2012 and the correlation is almost uncomfortable.
Every PMI expansion, copper/gold turns up with it, and every one of those has lined up with a crypto bull market.
Right now copper/gold just reclaimed its 20-month moving average. It's turning on the macro.
Then the one that actually really matters. Take the altcoin market cap excluding the top 10. A small sliver of the entire market...
Lay it over PMI and it tracks cleanly, bear, bull, bear, bull.
PMI ticked up again two days ago, and that chart is expanding right now, in real time, in lockstep with it.
Altcoins are literally printing on the chart alongside PMI while everyone calls the space dead.
I'm not getting on the fear train while so many of these indicators are lining up the way they are.
I've built my businesses in this space. I'll ride it to zero if that's how it goes. I just don't think it goes that way.
Intro 00:00
Ethereum has been here 1:50
Cardano has been here 4:05
Copper / Gold 6:00
Watch this altcoin chart now 9:40
Liquidity rotation 12:20
You're About To Make The Worst Investment Decision Of Your Life
Being a crypto investor right now is painful.
While Bitcoin sits flat, gold is ripping, AI stocks are at ATHs, and every major index is flying.
Crypto is more out of favor than Iāve seen in 12 years in this market.
Everyone is rotating out of BTC into the āhotā AI trade. But that might be the exact mistake.
The AI trade is getting overheated. Capital is about to rotate from the crowded side back into the neglected one.
In this video I break down:
- Why AI concentration is dangerous right now
- The exact charts showing the rotation setup
- The Contrarian signal
- What Iām personally doing with my portfolio
If youāre tired of watching everything else rip while crypto dies⦠this oneās for you.
[link in comments]
For the 4th time in 4 years, $ETH has bounced off its 4-year trendline support, confirming this key level once again.
A strong hold here could flip the macro bearish outlook. So far, ETH/BTC and altcoin dominance are backing $ETHās momentum.
Once again
As someone who is on @base for a long time now and a witness of the $SKI pump from 600K to over 300M in such a short time as well as $TOSHI from 40M to 950M.
All I want to say is, when the time is right, memes on @base will pump the hardest.
The meme narrative is too strong.
Buy when interest is low.
Thats literally a money glitch.
Iām saying this because the day will come where those og memes will be a smart bid and most of them are heavily bottomed
just watch out this summer, there will be another meme rotation because Iāve seen it too often.
Not now, but very soon.
Just an early reminder
Bitcoin has everything it needs to move.
With a 100% track record, the business cycle being at 54.0, with equities making new highs and the Copper/Gold ratio pushing hard...
The environment that has created the strongest periods in bitcoins life is right where it needs to be...
But Bitcoin is not responding.
There have only been 2x 4 year cycles.
Whereas every single cycle, the main bullish phase has been marked by the conditions mentioned above.
Every single one.
And there is a very valid reason for that, which is why everything else is making new highs.
But Bitcoin seems dead in the water, for the first time ever within this macro backdrop.
Truly strange behaviour.
I am convinced it will play catch up, and hard...
But it is now difficult to pinpoint when.
The US manufacturing sector recovery is accelerating:
Chicagoās PMI Manufacturing Index jumped +13.5 points in May, to 62.7, the highest since March 2022.
This marks the largest monthly increase since the 2020 pandemic recovery and the 2nd-largest since this index's inception in February 1967.
This index has now been in expansion territory, above 50 points, in 4 out of the last 5 months.
New orders jumped to their highest level since January 2022, alongside a recovery in order backlogs and supplier deliveries.
Meanwhile, prices paid surged to their highest level since May 2022, led by rising oil prices and transport fuel surcharges.
US manufacturing activity is gaining momentum.
At the risk of sounding like a complete moron
The copper/gold ratio doesn't want to stop
Everything else is a fake out or noise
And things will find support and go up