Since my first adventures into Bitcoin in 2016, I have managed to win a little, and lose a little. I’ve been overly cautious with the timing of my selling in a market that rewards diamond hands (so long as you happen to be holding the winner).
I recently decided to make a small bet, an asymmetric bet if you will. This is a principle seen in many places, such as the Dhando Investor (Mohnish Pabrai) “heads I gain a lot, tails I don’t lose much”. When successful, you simply need to make a certain number of bets where the cumulative upside vastly outweighs the risk you are paying for.
Without boring you with any more detail, you get the idea. Find an investment(s) that could moon. Make a series of bets on these, and sit and wait. Position size and weighting are the hardest parts of this, but once you get it down it feels good.
Over the past two years I’ve taken this approach to investing in most equities, my last big purchase was $coin (Coinbase) at $228 (and will buy more in this recent dip). I can go into the reasoning in the future, but this was so obviously undervalued at that price given the upside of the industry, the cash flow they were already generating, the future growth they should capture.
My latest bet has been on an extremely small crypto currency. Something that has always scared me, especially in a market that could be near its peak. However, if you invest in something before the hype and with strong fundamentals the upside can be huge.
$Grey Token will be a one stop for everything Extra Terrestrial. Imagine if you could store your UFO sightings, or audio on the blockchain. Forever. Nobody could censor you, and you could keep all your evidence in one place. Via NFTs, $KNDX will achieve this.
Now imagine you can also use these NFTs within a stand alone meta-verse game and a $sandbox game (plot next to Binance) at the same time and you can start to the upside potential of such a mission.
The team are accessible, run AMA’s and they starting to pick up on socials. They are not a bunch of first timers in their 20s (not that there is necessarily anything wrong with this). They are almost all parents, and in their 30s and 40s. They are a team who have long-term ambitions.
Financially, the team are well-positioned with a significant war-chest they are saving to deploy in the new year. Rather than jump onto a tiny exchange now, they are planning to wait until they are ready (and have a product to demo!) and “go big” (list on a large exchange). If you’ve ever been through one of these large listings, you will know that (when the right conditions are met) there can be a parabolic move to the upside.
There are quite a few catalysts for movement in the price news is due in Q1 on:
- Exchanges (likely CEX)
- NFT Marketplace (disclosure collection reveal)
- Increased Marketing spend (not sure on exact dates, will depend on first two)
- Stand alone Unity/Unreal P2E game
Oh, and they have deflationary tokenomics. I own around a billion tokens (god I love big numbers). And am targeting a 100x.
Follow along to see if I make it!
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