My personal style for doubling my crypto wallet | by Chris Knight | Nov 2021

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Your wallet needs energy. You have to get rid of the hype. Is it time to AMP yourself? Source: Image created by yourself with Canva.

UTILITY, UTILITY, UTILITY!

The central argument of any good Altcoin is its utility. After all, there has to be some use for everything you watch. The inability for something to be used means that it is of no value.

At least that’s what they tell us.

To a large extent, I agree.

I read an interesting argument about physical gold. The article said that gold had no real use. I knew gold was useful. I never really thought about it. So what is gold really used for?

It turns out it’s used for quite a bit of jewelry, not just that.

Gold is used in electronics, computers, dentistry, aerospace, and glassware. USGS Mineral Commodities Summaries 2019 data still remains half of the reason gold was used was jewelry (literally 50%).

How ironic, the argument that gold was of no use was defeated by simply researching its commercial application with the USGS.

The lesson behind these four lines is simple.

We live in an age of disinformation.

Unfortunately, everyone is a Google scholar. The information people have is not always accurate. Even my average article needs to be cross-checked. The main reason I write about my personal experiences is that people read a real cause and effect.

There is no greater truth than that of observation.

This is how the scientific method works. You make observations to make hypotheses. Then you test your hypothesis to see the results. Based on the results of your experiment, you take notes. Then you retest to see if it’s fluke, inconsistent, or reliable.

MY PERSONAL STYLE

So far my personal crypto selection experiments have worked. I have always had the same results over the past 6 months. My method of choosing good cryptocurrencies is correct. I govern my selection process with six (6) key factors

1. REGULATION I cannot stress how important it is to do research to see how regulators act on these technologies. An improvised remark during an informal interview is not the basis for a decision. Regulators need to issue rules, official notes, or something positive. It must be a firm communication available on their website and not on USA Today.

2. LEGISLATION Seeing a government act by proposing bills, or laws, is huge. I didn’t take crypto seriously until I saw this.

3. INSTITUTIONAL PARTICIPATION I follow institutional activities closely. I am a Certified Financial Analyst (AFA); however, these people can hire 100 of me who can work in circles around me. Their activities help me understand if my hunches are correct.

4. MARKET CAPITALIZATION This is a huge indicator for me. If I want to see a double, I’m trying to see market caps over $ 1 billion but not over $ 10 billion. Anything over $ 10 billion is too much. Anything less than 1 billion is not proven to me. It’s not gospel, just my opinion. I think Bitcoin, Ethereum, Cardona, and Solana are going to gobble up a lot of market cap for a long time.

5. NEWS FLOW I read news religiously. Since there are no conventional items like balance sheet, cash flow or management to judge a crypto bynews is a major factor. The news starts close to retail sales and retail purchases.

6. NETWORK ACCESS This cannot be underestimated. The more people who are connected to a network and stake out a crypto, the more valuable it is. If no one is tied to a crypto, it’s worthless. Every room started out that way. I know that. A crypto without use is a startup. 90% of them fail. I’m a probability guy not a VC guy. I am not in startups.

IGNORE TECHNIQUES

You will notice in this list that I haven’t listed a single technical thing like Bollinger Bands, Resistance, Support, or MACD.

Do you know why?

Anything that oscillates at 300% in a month has no real average range. There is no point in paying attention to technique. Any good trader will tell you that you cannot place conventional trading metrics on this stuff until it normalizes.

You need basic indicators, general market behaviors, and probable events that correlate with normal human behavior.

In crypto, you basically have mass hysteria, coupled with some really smart institutions that can weather the storm by picking up coins and HOLDING.

Once the mass hysteria wears off, welcome things will level off. Once novices sell everything to institutions to grab them at a discount, I expect the market to adjust to technical indicators. Right now, I find it a waste of time to pay attention to technical indicators.

I’d rather pay attention to SEC rulings and the massive retention scheme of banks acquiring digital assets.

More importantly, I plan to pay attention to an expected 2022 memo from the Comptroller of the Currency (OCC). This note will offer advice on how banks can acquire digital assets. This current event will be huge. The latest news event set the precedent for what’s to come here.

MY RESULTS

I don’t have any of my original principals on display in the market. I only make personal profits worse.

I literally can’t lose any money at this point.

My total return is 152.49% for the year. Of course, all profit is in crypto (there won’t be a sale for me at this point too much uncertainty with taxes). Currently, GAAP rules do not require you to recognize crypto gains. More importantly, you can reserve them in your non-current assets as of the date of this writing. Under current GAAP rules, all crypto is an intangible asset. Intangibles aren’t taxed unless you sell them because their market is so dry.

I am aware that the market seems to be leading a lot of people to victory.

The difference between me and others was that I made sound decisions based on guiding principles, philosophy and verifiable information. I didn’t choose Meme stocks or ride a huge $ 0.0002 to $ 2.00 coin. This is called playing or winning the lotto. I don’t either.

A friend of mine did. He literally has a gain of 304.630%. It’s crazy. This is also why he will not invest in anything other than crypto.

Hard to believe in anything else after seeing this.

CLOSING REMARKS

I didn’t win the lottery with any of my picks. I methodically entered what I thought were dumped prices. I formed this opinion on the basis of market activities, technology integration and healthy use. I’ve seen people ignore passing a bill, passing state law in Wyoming and Miami creating their own play. I also paid attention to other key indicators.

I haven’t speculated what might become of anything. I picked things that have already turned into something and fell victim to massive sales from retail newbies. These are the same people who panic at the first sight of the volatility. They panic because they are betting with money they don’t have.

Here’s a lesson I hope you take to heart.

You can’t invest in speculation if you’re still trying to figure out how to pay the rent. You don’t have the strength to be patient and see the full profit cycle.

Stay in mutual funds and indices if you are that person. Nothing that I wrote is gospel. I’m sure everyone has something different. I’m just commenting on what I did based on what I thought was the right thing to do.

I only have 6 months to show it. I am still in my rookie year. I am hardly an expert in crypto.

What I am doing might not work in the future. What I did worked no later than last Sunday. Maybe I got it. Then again, maybe I just had a hot rookie year. I guess the only way to find out is to compare our results.

How have you been doing these last 6 months?

To your knowledge, success,

***

Not a form of investment advice. Please consult a registered professional for advice on your personal situation. This article is for educational and entertainment purposes only. Please do not send e-mails to the author regarding investment advice or investment strategies.

About Christopher: Christopher Knight Lopez is a Professional Hustler. Christopher has opened more than 7 businesses during his 15 year career. Christopher’s goal is to take advantage of various market-driven opportunities. Christopher is a Certified Master Project Manager (MPM) and Certified Financial Analyst (AFA). Christopher has already passed his Series 65 Securities Licensing Exam and was a Senior Financial Planner (MFP). Christopher also held his General Lines Life, Accident, Health & HMO license. Christopher has managed a total of USD 286 million in assets under management and reported assets under advice. Christopher has work experience in 33 countries, has raised over 50mm USD for various companies and generated over 13.0mm in profit in his personal career. Christopher has worked in the highly technical sectors of biotechnology, finance, securities, manufacturing, real estate and residential mortgages. Christopher is a United States Air Force veteran. Christopher has a passion for family, competitive sports, fishing, martial arts, and entrepreneurial advocacy. Christopher offers self-help courses for aspiring entrepreneurs. Christopher’s passion for mentoring comes from the belief that entrepreneurs need guidance. The world is full of conflicting information about the identity of the entrepreneur. See more at www.christopherklopez.com.

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