Long MATICUSD & BTCUSD

3 בדצמ׳ 2021

I am long MATIC in an interest bearing account yielding 10% APY plus 2% APY on Fixed term deposits. I have transferred the remaining BTC into a withdrawal account debiting 14% APY on loans with a 50% LTV ratio. I use BTC as my loan due to the nature of its market cap being the largest allowing for the lowest potential for volatility and I yield interest in MATIC since the APY is the highest and the potential upside gain is the highest as well.

7 בדצמ׳ 2021

הערה

I have paid back the BTC loan and I am looking to accumulate more MATIC under the $2.5 level. Aggressively looking to accumulate until the $10 level. This would be ~65B market cap.
Bullish news is sparking an increased demand as well as fundamental developments. The volatility in the cryptocurrency markets obviously show the desire for large players to cause liquidations and accumulate at lower price points. For this reason I stay away from ALL leverage trading and look to accumulate MATIC and other currencies through fixed and floating term deposits ranging from 1.49-12% APY.

As of 12/7/21
Currently MATIC Pure Market Cap = $15,887,027,447
Fully Diluted Market Cap = $22,625,668,989
24h Volume = $4,531,835,917
Volume % of Pure Market Cap = 28.52%
Volume % of Diluted Market Cap = 20%
TVL (Total Value Locked) = $8,368,519,799
Max & Total Supply: 10B
Circulating Supply: 7.02B

Market Price: $0.2937
24h Change: 14.89%

Reference:
Coinmarketcap

25 בדצמ׳ 2021

הערה

This is not investment advice and all investments come with risk with the potential of unlimited loss in options and loss of capital invested in equities. This is my analysis and is purely for information purposes only.

Sincerely,
Julian Murtagh-Lux

26 במאי 2022

הערה

I am still long MATIC, I have reduced my position percentage since I was honestly a bit overweight in my yield investing. We all must understand that investing is not only financial, but also emotional and spiritual. Polygon is a large project aiming at competing with big players like ETH and SOL, this is no easy feat, as a result, we will see a lot of artificial shorts similar to how JP Morgan has cornered the silver market for years, shorting the living daylights out of paper XAGUSD and stocking up physical silver in their New York, Hong Kong and London vaults.
I have exposed myself a bit to the leverage markets, since I was looking for profit, however with all honesty, it has not been incredibly successful. I must remind you all and myself that professional traders do not use more than 7x leverage, and honestly, I don't feel comfortable using more than 3x when the RSI is above 20 on the daily and 5x when the RSI is below 20 on the daily in the cryptocurrency markets. Currently I have been mostly trading CFD Forex since I see a lot of turmoil with the central banks.

Best and Stay Safe,

JML

Remember, risk management is the key to investing, not upside potential.