Can You Turn $10,000 Into $100,000 With This Crypto Project?
After getting repeatedly kicked in the nuts by DeFi gone wrong, I’m planting my flag on this project for the next bull run.
Three years ago, I was driving home from Las Vegas and played with the idea of investing $50,000 in Cardano. At the time, Cardano was trading for around $0.12-$0.13. I ended up deciding not to do it. Instead, I wrote my first social media post on Reddit about why I was investing in Cardano: https://www.reddit.com/r/cardano/comments/i0q8s3/why_im_investing_in_cardano/. Yes, I bought some ADA tokens, but nowhere near $50K worth.
Had I gone through with the purchase and managed to sell at the last cycle’s peak, my $50K would have been worth nearly $1.25 million. I wouldn’t have sold at the peak. I never do. But looking back, it’s incredible how had I pulled the trigger and timed an exit properly, I could have at least made a 10X on my money and have $500K.
I’m not going to make the same mistake again. The crypto landscape has changed a lot in three years. DeFi has gone from millions in total value locked to billions. Blackrock and other institutions are jumping into the space. The SEC embarrassingly lost to Ripple and Alex Mashinsky is finally getting charged for the crimes he flagrantly committed.
However, even with all these changes, I believe the upside in this next bull run will eclipse what we saw in the last one. And, while I have steadily been stacking Bitcoin, I want a high alpha play that can make me life-changing money. Unfortunately, I don’t have $50K to invest this time. But I do have $10K. And I’m planting my flag on Houdiniswap ($POOF), a project I discovered and wrote about in March, Why I’m Buying This $1 Crypto for $0.12.
I’m increasing my allocation in POOF, and, like my prescient Cardano post, I will share 10 reasons why I think it can outperform in the next couple of years and 10 concerns about the project. Behind BTC and ETH, this is my highest conviction play, and it may be something worth exploring for yourself.