Up 70% in 32 days

Yesterday I gave you a heads up about the new crypto we’re adding to the Crypto With Kash portfolio (side note: one of our picks is up 70% in the last 32 days, turning every £1,000 invested into £1,700).

I’ve just sent out my full write up of this latest pick to members of the service, but I wanted to give you a quick breakdown of why I’m so keen on it here too, so you can decide if you’d like to get involved.

To show you the potential of this coin we first need to talk about a different crypto called UniSwap (to be clear, this is not the coin we’ve just added to the portfolio).

UniSwap entered the Decentralised Finance (DeFi) crypto scene back in September last year.

Like I talked about in yesterday’s email, it’s a Decentralised Exchange (DEX) crypto… you can think of it like a crypto version of Betfair, where people trade crypto with each other and, instead of a middleman, the technology itself takes care of everything.

This proved a huge hit with the crypto community…

And since September, UniSwap has gone from $2 to $29…

That’s the opportunity to turn every £100 invested into £1,450… and every £1,000 into £14,500.

Now, the coin I’ve just added to the Crypto With Kash portfolio is similar to UniSwap in two ways…

  1. It performs a similar function as a Decentralised Exchange (DEX)
  2. It’s sitting at a similar price to UniSwap before it took off

But, most importantly, it has a killer third angle that most people are overlooking, which I believe could potentially make it even more valuable than UniSwap…

You see, at face value the growth rate of UniSwap is much higher than this coin, but if you do a bit of digging (and I have) you’ll discover that my latest pick has an ace up its sleeve…

It’s running a “plug in” technology that allows trades and liquidity from other crypto platforms to flow through its exchange… inflows that aren’t taken into account in the usual measurements of volume and growth.

And when you take this “hidden” growth into account, my latest pick is growing at a rate that’s as much as 12X faster than UniSwap… and yet the price is still hovering in the low dollars.

I believe it’s only a matter of time before that changes.

When the mainstream catches wind of this, I wouldn’t be surprised to see this crypto take a similar trajectory to UniSwap in the coming weeks and months… and over the long term maybe even surpass it.

That’s why I’m recommending members of my service stock up on this crypto while it’s at what I believe is a bargain price.

If you’d like to know the name of this coin and read my full write up on it, you can join us on the inside of the Crypto With Kash service here.

You’ll receive my welcome email containing instructions on how to download the latest newsletter, plus write ups on the other coins in our portfolio, my two crypto guides, and also an invitation to join the private Telegram group.

See you on the inside!

“Betfair cryptos” are going nuts

When Betfair launched in 2000, some people thought it would be the end of conventional bookmakers.

While that hasn’t happened, with the largest volume of bets still taking place with traditional bookmakers, like Bet365, behind the scenes it’s had a huge impact…

As my colleague professional football bettor Adam Cheng says, “Betfair forces bookmakers to match its exchange prices, otherwise they’re open to arbitrage”.

So, in a way Betfair has won out against traditional bookies. And this is reflected in the price investors were willing to pay, valuing the company at $1.5 billion after its first 6 years.

Needless to say, the people with their fingers in this pie at the early stages made a killing!

And now the same thing is happening in the world of cryptocurrencies, where traditional exchanges are being challenged by a new crypto-specific breed of exchange…

Two types of crypto exchanges

There are two types of crypto exchanges…

1: Centralised Exchanges

The first are centralised exchanges like Coinbase, Binance, and Kraken.

These exchanges operate like the “traditional bookmakers” of the crypto world. And they’re not much different to stock and options trading exchanges like RobinHood, IG, and eToro.

This has many benefits and some serious downsides (which makes them ripe for innovation, and is why the second type of exchange is flourishing).

Here’s a breakdown of the pros and cons of centralised exchanges…

Pros:

✅ Easy to deposit traditional currencies and exchange for cryptos

✅ Customer support as with any other company (although Coinbase gets a lot complaints on this front)

✅ Curated list of cryptos, so there’s a decent “standard” to ones you can buy

Cons:

❌ You’re trusting a private company with your traditional currency and cryptos (and they don’t fall under the Financial Services Compensation Scheme (FSCS))

❌ Vulnerable to hacks (in 2014 centralised exchange Mt. Gox lost 850,000 of its customers’ Bitcoins)

❌ Potentially high fees, especially on some of the most popular centralised exchanges

❌ You have to sign up with photo ID (not a problem for some, but worth mentioning)

2: Decentralised Exchanges

The second type of cryptocurrency are decentralised exchanges, or DEX for short. Examples are UniSwap and Curve.

You can think of these like the Betfairs of the cryptocurrency space. Except they’re not just peer to peer markets, but completely decentralised in terms of ownership too, because they’re not owned and controlled by one entity.

So, instead of trusting a centralised private company to hold and exchange your cryptocurrencies, like with Coinbase, you’re instead relying on the cryptocurrency technology itself to secure these transactions without any human interference.

This might seem a bit scary at first, but it’s the whole point cryptocurrencies took off in the first place! The promise of cutting out the middleman and using cryptography to secure financial transactions instead.

And DEXs are now delivering on that promise for trading exchanges, coming at Coinbase and others like Uber went after the traditional taxi industry!

Here’s a breakdown of the pros and cons of decentralised exchanges (DEX)…

Pros:

✅ Not relying on a centralised point of failure, like with Coinbase, so (if you trust in the decentralised tech of crypto) your money held on exchange is potentially safer

✅ Uses cryptographic technology so less vulnerable to hacks (although they can still take place as this tech is still developing)

✅ Much wider array of cryptocurrencies available (and if you want big gains you’ll want to be able to invest in smaller, unheard of coins)

✅ Fees can be much lower because there’s no middleman taking a cut (although because of network utilisation this isn’t currently the case with Ethereum based DEXs)

Cons:

❌ More complicated than using a traditional centralised exchange (although the ease of use of DEXs has come a long way)

❌ No conventional customer support (although many have good online communities where you can ask questions)

❌ Current fees on Ethereum based DEXs are relatively high (though they should come down when Ethereum gets its pending upgrades)

Now, I’m not suggesting you need to leave Coinbase and start using DEXs to trade crypto (I use both centralised and decentralised exchanges depending on what I want to do).

What I am suggesting though is that you consider investing in some DEX related cryptocurrencies (many of which you can even buy on Coinbase!)…

DEX “Betfair cryptos” are going nuts

DEX cryptos are a subset of Decentralised Finance (DeFi) cryptos, which is what we’re building the Crypto With Kash portfolio on.

And DEX cryptos have been performing extremely well over the last year, for example…

UniSwap went from $2 to $29 dollars in less than a year, turning every £100 invested into £1,450.

It’s too late to capitalise on UniSwap, but I’m about to add an overlooked DEX to the Crypto With Kash portfolio this Friday (that’s tomorrow). One that could follow the same path as UniSwap… and maybe even top it in the future.

I’m just finishing my full write up on this crypto.

I’ll let you know when it’s ready tomorrow, and also share some more details about why this specific kind of DEX crypto is popping right now.

“WTF happened to Bitcoin last night”

Did you see the Bitcoin “flash crash” last week?

$300 billion ran out of the crypto in less than 24 hours, sending the price from about $62,000 down to $53,000.

A $9,000 haircut!

As we talked about in the Crypto With Kash Telegram group, there were two main reasons for the size of this drop.

As my member Marco K says, the first reason was a major power outage in China…

CoinTelegraph reported last year that more than 50% of Bitcoin mining takes place in China, which is why a power outage like this could have such a big (temporary) impact on the price.

The second reason the drop was so big is because of the amount of people holding large “leveraged” positions in Bitcoin…

Being leveraged basically means borrowing money from an exchange or broker to buy more of an asset.

The problem is when the value of that asset drops and you don’t have additional funds to add to your account to keep the exchange/broker happy… in that case your position is automatically “liquidated”, e.g. sold off.

As you can see from that screenshot, someone (or some group) out there was leveraged up to $68 million! And a total of $9.7 billion was liquidated in less than 24 hours.

This is why, for most people, I don’t recommend leveraging an already volatile asset like crypto. Because while you’re borrowing money to potentially make more money, your losses are leveraged too… meaning they can be huge!

So, lots of scary news… mining outages and leveraged to the gills losses…

But, as you can see from the first message above, my members weren’t phased by the crypto “flash crash”, and instead saw it as an opportunity to “go shopping” and stock up on our portfolio cryptos at slightly lower prices.

And they’ve got good reason to be confident, because even with the “flash crash” the Crypto With Kash portfolio is up more than 40% since its launch 3 weeks ago.

Better yet, despite all the negative crypto headlines in mainstream media over the last week, there’s some hugely bullish news on the horizon.

It can be summed up in one boring (but very important) sentence…

Inflation is coming

Inflation is when prices go up and the value of traditional money like the pound and dollar goes down.

I’ll be going more into this in a few weeks time, but for now let me show you a quick chart…

OK, that looks a bit complicated, but it’s saying two important things…

  1. Inflation is coming
  2. It’s going to spike above central banks’ 2% target

Now, this is pretty bad news if you’re holding all your money in traditional money like the pound or dollar… as, at least in the near future, you’ll be able to buy less for your money.

But, it’s very good for the crypto space because many cryptos are DEFLATIONARY… in other words, they grow more valuable over time because they have hard limits on their supply. For example, there will only ever be 21 million Bitcoin.

As I say, I just wanted to make you aware of this early because I think it could provoke a huge inflow of money into the crypto space in the coming months as people look for a way to protect their wealth from rising inflation.

But I’ll be breaking down the situation for you properly in a few weeks’ time.

Next week is all about my next crypto recommendation, which I’m VERY excited about.

While this is exclusive to Crypto With Kash members, I will be sharing some details with you in these free emails too.

So, keep your eyes out for that next week!

Thanks for taking the time to read this.

“Send help”

Reporting from Bet Chat HQ, north London…

I’m not going to lie, some of the mornings over the past week and a bit have been tough…

While beer gardens are undeniably lovely things, it turns out that hangovers from all day drinking have gotten worse rather than better over the last year or so. Somebody really should do something about that.

But still, with the weather this nice the pleasure outweighs the pain, and Bet Chat Bec and I will shortly be heading off to a charming little bar overlooking a London canal.

(Big up the Narrow Boat)

Before we depart, I just wanted to send you March’s Bet Chat Fantasy Football League winners which, at 20 days late, may well be setting a new record.

The lucky pair are…

Mark Szalma whose Tony Martian FC won the month and…

David Hughes whose Daves Cheap Shots finished second.

Congrats Mark and Dave! Send an email to clients@thebetchat.com to claim your prizes.

Anyhow, we best be getting on. Why not join us in spirit by lending a helping hand to your local? The hangover will be worth it, promise!

Your totally free Masters factfile

It’s a big old week for sport with Champions League quarter-finals midweek, the Grand National on Saturday and golf’s Masters on Thursday.

There will be more from me on the Grand National tomorrow, but today I want to focus on the Masters…

That’s because I have a totally free factfile to give away!

You can download it here.

This comprehensive 36 page guide should set you well on the way to landing a winner or two, especially with up to 11 places on offer with some bookies in the each-way market.

It’s been put together by the brains behind the Golf Insider service and, given that in the past 12 months he’s landed outright winners at odds up to 250/1, and hit the pay-out counter with each-way places as big as 500/1

He’s certainly somebody who’s advice you want to have on side.

It’s now less than two days before tee-off time, so don’t delay…

Download your free Masters factfile by clicking this link.

Who needs eggs? Free rugby bets for Easter…

Champions Cup rugby swings back into town, and this makes me extremely happy. After all, it hasn’t been a great time lately on the rugby front, what with being an Englishman who shares office space with a Welshman… and I had France in the Six Nations sweepstake. Talk about a kick in the nuts!

Gloucester vs. La Rochelle Friday 20:00 (BT Sport)

Gloucester come into this game knowing Champions Cup rugby will not be on the agenda next season, with poor league form being the reason for that.

Only four wins all season and a negative 70 points differential says it all, though one shining light for the cherry and whites has been Rees-Zammit. Whenever the ball goes in his direction danger for the opposition soon follows.

I do however fancy the savvy French side to combat that issue. La Rochelle boast the best Top14 defensive record, which is something to be very proud about given the superstar teams dotted around the French league.

La Rochelle have weapons in attack that will see a lot of ball and no doubt put dents in the Gloucester defense. Ihaia West and Dillyn Leyds are two names not many will be aware of but they sit just one peg below international level.

Tips:

La Rochelle -5 points handicap – 4/6 (1.67) with bet365

Over 46.5 points scored – 10/11 (1.91) with bet365

Bordeaux Begles vs. Bristol Bears Sunday 15:00 (BT Sport)

Bristol Bears have come a long way in a relatively short space of time, from running around the Memorial Ground in Division one to winning the Challenge Cup last season and now topping the Premiership.

Money has no doubt been a factor, but I believe the ethos installed by Pat Lam – Bristol Bears’ head coach – to be the dominant factor.

He has got the Bears playing attractive rugby with grit and substance to match and having Charles Piutau and Semi Radradra in the backline also helps keep opponents awake at night.

Begles also have some rock stars in their ranks – Matthieu Jalibert the first choice French 10 and Ben Lam the explosive Kiwi.

Tips:

Bristol Bears to win – 11/10 (2.1) with Paddy Power, Betfair Sportsbook

Bonus Tips:

Wasps vs. ASM Clermont Auvergne Saturday 15:00 (BT Sport)

Wasps +6.5 points handicap – 1/1 (2.0) with bet365

Racing Metro vs. Edinburgh Sunday 12:30 (BT Sport)

Racing Metro -14.5 points handicap – 10/11 (1.91) with 888Sport, Betfred

Weekend fourfold

La Rochelle, Toulouse, Exeter Chiefs and Racing Metro to win – 5/2 (3.5) Smarkets

Luke Towler