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Weekly Action Recap

Your bankless action recap for fourth week of February 2021
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Feb 27, 2021 • 1 min read

Dear Bankless Nation,

Crypto corrections are normal. As David said early this year:

There are three things certain in life: death, taxes, and -40% drawdowns in crypto.

Drawdowns happened multiple times last market cycle. Here’s BTC in 2017:

Image

Pull backs are normal. It never goes straight up. Yes, we’re still in a bull run.

Zoom out and realize crypto is crushing it—here are the numbers:

  • BTC: +57% YTD
  • ETH: +98% YTD
  • DPI: +207%  YTD

Don’t panic. Don’t stress. This is par for the course.

Relax, enjoy the ride, and keep leveling up.

I mean guys…we had Mark CUBAN on the show this week (some killer clips here). And he’s teaching himself solidity. 🤯

We’ve come a long way.

Here’s what’s booked for next week:

  • Podcast with Mark Cuban dropping on Monday (subscribers have early access)
  • We’ll show you how to make bank trading the funding rate on perps
  • Lucas is going to run through the key metrics to value a token

Let’s get to the recap.

- RSA

Recap for the week of February 23rd, 2021

🎙️WEEKLY PODCAST EPISODE

Listen in Podcast App | iTunes | Spotify | YouTube | RSS Feed

SCHEDULE RECAP

  1. Execute any good market opportunities you saw in Market Monday
  2. Learn how to get exposure to NFTs 🔥
  3. Read how crypto is going to eat traditional art
  4. Understand why DeFi needs trust minimized money
  5. Tell us: Is Binance Chain DeFi?

Watch & Listen

  1. 🎙️ Listen Building DeFi on Layer 2 | Synthetix, Loopring, Immutable
  2. 📺 Watch Fireside Chat | Stani Kulechov, Fernando Martenelli, Dan Elitzer 🔥
  3. 📺 Watch State of the Nation #35: NFT MANIA | Nifty Gateway Founders
  4. 📺 Watch ROLLUP: Big Dip | NFT Culture | Coinbase IPO | Ethereum Jobs

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.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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