Tuesday, May 17
Crypto Fast Food 🍟
$100 of Apple in 2002 & Standford Marshmallow Study
Video: What Happened to LUNA, ~5 min
😂 Twitter Memes of the Week
Est. read time: 3 min and 57 seconds
Crypto Fast Fo🍟d
SAM BANKMAN-FRIED SNAGS 7.6% STAKE IN ROBINHOOD. The Billionaire founder of FTX, is now one of the top shareholders in HOOD, with 56M shares @ ~648M 💸
ROBINHOOD PLANS TO LAUNCH ETHEREUM WALLET. Unlike Coinbase and Metamask, Robinhood’s crypto wallet will have No User Gas Fees, and allow for DeFi & NFTs. SBF was a solid addition to Hood 🎉
CATHIE WOOD OF ARC INVEST BAGS ~$30M OF COINBASE. The BTC/ETH Bull bought the dip after the crypto market puked last week 🤮
LUNA FOUNDATION SOLD 80,000 BITCOIN DURING UST’s FUKUSHIMA MELTDOWN. The organization behind the ill-conceived, algorithmic “Stablecoin” said they now have only 313 BTC left in their Reserves.
HODLers be like…😳
10M ACCOUNTS ON CASH APP HAVE NOW BOUGHT BITCOIN. According to the Q1 shareholder letter from Block, formerly Square, demand for Bitcoin is surging. Glassnode estimates the # of bitcoin users are at a ATH of just under one million active BTC addresses.
44 COUNTRIES ARE MEETING IN EL SALVADOR TODAY TO DISCUSS HOW BEST TO PISS OFF THE IMF. Our guess? Has something to do with BTC 🔥 🚀
NEW REPORT REVEALS CHINA IS REBOOTING THEIR BITCOIN MINERS NOW ACCOUNTING FOR 21% OF NETWORK HASHRATE. Despite Xi Jinping’s Bitcoin Mining Ban last year, the debasement of Chinese currency has pushed Chinese citizens to covertly reboot their mining operations. New data shows China is second in hashrate power, second only to the US at 38%.
Crypto Be like…
MADONNA TEAMS UP WITH NFT ARTIST BEEPLE TO CREATE NFT SERIES CALLED: Mother of Nature, Mother of Evolution, & Mother of Technology — frankly, the series should be titled: Mother of 🤮
$100 of Apple in 2002 & Standford’s Marshmallow Study 🧐
⏰ TIME FOR A SILVER LINING
Over the weekend, Raoul Pal of Real Vision, spoke with Bankless and gave some pretty bleak predictions. Expect things to get worse before they get better.
We are headed towards a David Goggin’s like beat down. 🤕 🥊
Here’s the good news!
a $100 in Apple in 2002 = 130x ROI
a Marshmallow today, gives you TWO tomorrow:
Standford Marshmallow Study 🛒
For those of you who were raised by wolves.. researchers in the 70s at Standford decided to study kids and delaying gratification.
They put a fluffy, irresistible marshmallow in front of 5 yr/olds and said “you can eat this now” or… “if you wait, we promise to give you two later!” And then left the room for a period of forever as if the kids were PoWs in a psychological waterboarding experiment, waiting to see if they would crack..
Yes, we know the study is now “controversial”, but the point we want to make is this…
Right now, we are in a massive bottoming of the market. You can either sell and eat your 1/2 marshmallow, or.. you can do what SBF and Cathie Wood are doing.
Buying the dip! 🛒
This is our Standford Marshmallow Moment. Time to delay gratification, and double our crypto marshmallows!
To better illustrate things, we looked into the Tech Crash of 2000-2002.
$100 of Apple in 2002 🍎
We wanted to find out…
» What would a small investment in 2002 look like today ?
Why? To illustrate what an investment in BTC/ETH might look like in the future.
🔮 Here’s what we found:
$100 of Apple 🍎 purchased in Jan 2002, would have grown 130x by Oct 2019.
Let’s say you bought at the beginning of the year, Jan 2, 2002. The first trading day of the year, Apple was $23.30. A $100 investment would have secured FOUR shares of Apple stock.
» By the end of the year, however, you would’ve lost nearly 50% of your original investment (a low of $14.33). Yikes.. not doing so hot 🤢
🔻 50% in 2002
» By the end of 2004, Apple’s stock price climbed to $64.40 per share, making an original four share investment worth $257.60
🚀 2.5x in 2004
» In Feb 2005, Apple initiated a two-for-one stock split. Like magic, four shares turned into eight.
💰 4 shares » 8 shares 💰💰
» By Dec 2005, Apple’s closing price was $71.89, giving those eight-shares a value of $575.12
🚀 5.7x in 2005
» By 2007, Apple’s closing price was $198.08, making the your initial investment worth $1,584.64.
🚀 ~16x in 2007
» Then in 2008, Apple’s stock puked 50% closing the year at $85.35 a share.
🤮 ~7x in 2008
» By 2010, Apple’s stock puked another 50% closing out at $46.08 a share. Your eight shares drop’d to a low of $368.64.
🤮 ~3.5x in 2010
» Then in June 2014, Apple did a seven-for-one stock split. This is like magic squared. Your eight shares then would’ve become 56, which sold for $93.70 per share immediately following the split. Making it worth $5,247.20.
💰 8 shares » 56 shares 💰💰
» By 2015, Apple’s had a high closing price of $133.00 a share. Turning your 56 shares into a small treasure of $7,448.
🚀 74x in 2015
» Finally.. by Oct. 16, 2019, Apple closed at $235.67. Multiplied by 56 shares, the total value would be worth $13,197.52. Seriously! Not a bad return on a $100 investment.
🔥 132x in 2019
The Point: People think it’s easy to have diamond hands. The reality is, its extremely difficult. But just as the volatility can make things feel pukie 🤮, it is also the same thing that allows for the outrageous returns that we all love in crypto 🤑
Buy only Blue Chips Stocks & Crypto (BTC & ETH)
Never invest more than what you can’t afford to walk away from 🚶🏻♂️
Diamond Hands 💎 🤲🏽
VIDEO OF THE WEEK: WHAT HAPPENED TO LUNA ? 🧐
THE VIEWS AND OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT, OR OTHER ADVICE. BLAH, BLAH, BLAH, BLAH…