Portfolio is UP Again! Dollars quickly devaluating.
- Initial deposit: $1,000
- Total Net worth: $2,384 (+$211 up from yesterday)
- From Debank: $2,078 + $306 from dydx
What we do?
See profits growing. All assets are rising in price.
— Why?
well, it’s actually the price of national currencies collapsing.
- You can see Gold, Stock Market, Bitcoin, Ether… all rising against the dollar.
- During the lockdown each American received a $1200 stimulus check. Here’s the performance of that check in each asset:
Central Banks around the world are rapidly devaluating national currencies
This is in Europe, where the European Central Bank Balance sheet is skyrocketing vertically.
USA:
- After 2.75 Trillions printed in the Second Quarter alone…
- ~$1trillion is coming for Q3
- There will be more before Christmas
What’s the effect of such massive printing?
Things like this: The amount of US dollar paper notes you need for 1oz of gold in 2020 compared to 1oz of gold in 1933.
Note:picture was taken with Gold at $1,770. Now 300 more bucks should be added.
It’s not that gold is such a good investment. It’s just that national currencies are not good for storing savings. We work and that generates value. That value decays when stored in EUR,USD,CNY,GBP or JPY.
Prices in gold
- Take the biggest economy in the world (USA), wages when measured in gold are at the levels of 1980 decade.
What about US GDP? Same
- the US GDP in 2020 is at levels of 1990 decade when measured in gold
What’s going on with National Currencies?
- National currencies and swap lines are being used to inflate Financial Markets
- As a result, Stock Market gained $4 Trillions in 3 months
- US GDP shrank $2 Trillions in 3 months
- It’s a massive money transfer
Note: It’s a transfer of wealth. Wealth is being transferred from the average citizen to borrowers that bet at low cost in financial markets. Central Banks purchases inflate prices in Financial markets
Average Citizen Portfolio
- Our portfolio has more than doubled the initial money so far. (+130% in profits in 45 days). It’s not an investment. It’s not about trading either.
- It’s about escaping the Central Bank trap.
- Do little work.
With 3 operations in the ethereum open decentralized financial network we positioned the portfolio in Ether and Bitcoin. We might buy Gold tokenized in Ethereum, by Paxos, but there’s not much you can do with it.
We prefer Ether and Bitcoin
Gold is really good for storing value as we have seen over long periods of time. Fundamentals are key in the long term. You can’t dilute gold. National currencies only dilute and they are accelerating the process.
Gold has value because it has utility. Ether brings you much more action. We are not talking about price increase. We are talking about Ether, the commodity that moves markets nowadays.
Ethereum is seeing billions of US Dollars pouring in
$4.47 Bn is the amount locked in the ethereum markets.
In order to move, interact, transfer, withdraw, lend, borrow, etc Ether is used. Ether is more and more useful by the day because the Ethereum Network is growing exponentially in many directions.
Ethereum grew faster than other networks because it has a community of developers that quit their stable jobs to program open decentralized finance.
Decentralized Finance is the ability to be your own bank, issue your own credits and act as a broker among others. All these systems in traditional finance have barriers to exclude most of the population. We do the portfolio in Ethereum because of the set of tools available and because its access is open to everyone. Hurry up before machines take the world!
Decentralized Finance has lead to Yield Farming
Yield Farming is the ability to generate rewards from providing liquidity to capital markets in Ethereum.
- Curve finance has over $200 Mn in liquidity
Daily volume
Because Engines are moving and generating opportunities, Automatic Market Makers like Curve are Moving $30Mn daily on markets:
Generating $20k in Fees for Liquidity Providers
For any market like Curve, that means reward fees of $20,000 a day. That money adds pressure price for cryptocurrencies in Ethereum.
Yield farming is growing rapidly. Stay tuned and soon there will be easy applications for the average citizen. Yield farming also requires larger quantities of capital.
In the mean time, we’ll focus on:
- Printing Dollars from our Vaults of Ether and Bitcoin
2. Increasing our Position of Ether in Montecarlo Decentralized Exchange using Automatic Market Maker
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