ICYMI our "Skin in the Game" (SITG) series lets you peek behind the curtain as we put our money where our mouth is, making monthly investments into the crypto market. Here's a rundown of our investments to date:

• January 2023: $10,000
• February 2023: $25,000
• March 2023: $40,000
• April 2023: $10,000

For this month, we were itching to splash out $50,000, but the market’s not quite ripe yet 🤷🏼‍♂️

So, we're sticking to our $10,000 game plan in this turbulence.

Before we get started, let’s dive into some numbers you’re going to love 👀

Disclaimer: This is not financial or investment advice. Any capital-related decisions you make are your full responsibility and yours only. The information made available in this report is NOT for replication. The purpose is to share the thought process behind our decision-making for entertainment purposes only.

The numbers you haven’t seen before 💵

Imagine this - what if we put our investing on pause today and simply let things be for the next 5+ years? What's the potential payoff?

You might be tempted to throw out some wildly optimistic numbers, thinking it's a "sure thing". That could lead to unrealistic expectations, though. So instead, we use a method known as the "Expected Value". This calculates outcomes based on probability.

So, what are we looking at in terms of SITG's projected growth?

• Initial Investment: $85,000
• Expected Target: $1,403,379

Just for kicks, let's also consider the Best Case and Worst Case scenarios:

• Best Case (Maximum Growth): $2,517,647
• Worst Case (Maximum Loss): -$62,891

Lose $63,000 or make $1.4M?! Sign us up lol.

Mind you, these figures don't factor in our ongoing investments, our reinvestment of profits, and our ability of pulling out before a big loss. So, believe it or not, these projections are quite conservative.

By the way, if you're itching to crunch some numbers for your portfolio, check out this nifty tool we built right here. It's as easy as pie!

The SITG lesson 📖

So, here's the deal: we've invested $85,000 in the wild rollercoaster of volatile cryptos. Despite a -50% drop from their 2023 peak for many altcoins, we're still up. But we've got our eyes on a bigger prize: turning this into a multi-million dollar portfolio. How, you ask? Our magic recipe:

Conviction. Patience. Courage.

1. Conviction: Do your research, know your investment and weather storms. BUT don’t fear being wrong, you’re here to make money not to be “right”. See a change that invalidates your thesis? Dump.
2. Patience: Seeking thrills? Go to Vegas. Real investing is about playing the long game, it’s like watching paint dry or grass grow. We could go big with a $100,000 splash (which would make us money as Cryptonary due to hype), but we'd rather walk the talk and show you a genuine market approach over trying to “hype” you up.
3. Courage: This is where courage comes into play. Stand still and you'll lose. Spot a golden opportunity and hesitate? You'll miss out. Case in point - PENDLE. We bought, it soared, we sold for profit when we saw it turn bearish. Simple as that.

This strategy has helped us book a decent profit and limit our losses.

Now that we've looked back at our journey, let's move on to our market expectations for the near future.

Market expectations 📊

Use these times of market boredom to go outside, go for a swim (like Bobby Axelrod in the thumbnail) and re-assess your investments calmly.

To provide a clear view of where we currently stand, let's take a snapshot of our portfolio.

Portfolio snapshot 📒

• Market: +3.5%
• Cryptonary: +1.3%
• Altcoins: -0.14%

Even in a down market, our careful manoeuvres with a total investment of $85,000 have kept us in a solid position. We're primed to pounce as soon as the market ripens. Remember, slow and steady wins the race!

[caption id="attachment_273696" align="aligncenter" width="1800"] Pre-May investment[/caption]

This disciplined strategy brings us to our investment plans for May 2023.

May 2023 | Investments ($10,000)

In this market and with our expectations of more downside we do not want to invest in altcoins, given their potential for heavier losses than BTC & ETH. Our sole exception? ARB. As long as it's under $1.50, we're on board. It's too thrilling to miss out on the next SOL at such a steal!

We will not take too much of your time, we are reinvesting in the same proportions as we did last month. So if you want details beyond the split, read the previous version here.

1. BTC: $3,500
2. ETH: $3,500
3. ARB: $3,000

Golden opportunities 🥇

Farm your airdrops!

zkSync

This will be the long-term winner in the layer-2 race over the next decade.

For the first few years Arbitrum will win but it will be taken over by zkSync at some point. Don’t miss this opportunity, you have to try and farm this airdrop.

We’ve already covered the method here. The only difference is that this time, we will also trade on SyncSwap and OnChain Trade.

Here's a juicy tidbit: Using these protocols on zkSync gets you in on their individual airdrops! That's right - 4 airdrops in 1. Don't say we didn't tell you.

Ether.fi

This is more of an update as we already staked 3 ETH with Ether.fi to farm the airdrop.

Ether.Fi has honoured their promise with an Early Adopter Programme snapshot on April 30. They're incentivising early birds with extras like staking rewards.

Despite a post from the team hinting at no token plans, we're not buying it. We reckon this no-token stance is just legal hoopla to sidestep regulators. Given their documents, their hefty $35M+ VC funding, and how the crypto game usually plays, we're banking on a future token launch.

Anything we need to do? No, just keeping our ETH there for longer for more snapshots. Obviously don’t stake too much ETH, Ether.fi isn’t battle-tested yet.

Staking ETH

We've got over 13 ETH, but only 3 staked so far. We’re about to stake the rest.

Where?

1. Lido Finance: 3 ETH
2. Frax Finance: 3 ETH
3. Rocketpool: 3 ETH

Obviously LDO is part of our holdings but it does not make Frax’s FRX any less interesting - we launched a recent Alpha report about it, make sure to read it!

Estimating an average yield of 4.5% (current: 4.9%), our 12 ETH stake will grow into ~18 ETH in a decade. If we're modest and think of each ETH at $20,000 (way below our $115,000 target), that's an extra $120,000 in our pocket. Who wouldn't want that lol.

Portfolio allocation 📊

[caption id="attachment_273695" align="aligncenter" width="1800"] Post-May investment[/caption]

Investments summary 🗒️

• BTC: Invested $3,500 and awaiting our 2030+ target of $650,000.
  • Entry Price: $26,300
  • Size: 0.1321 BTC
• ETH: Invested $3,500 and awaiting our 2030+ target of $115,000.
  • Entry Price: $1,800
  • Size: 1.94 ETH
• ARB: Invested $3,000, selling 50% at $7.50 and the remainder at $30.
  • Entry Price: $1.11
  • Size: 2,707 ARB
• Staked 3 ETH on Lido, 3 ETH on Frax and 3 ETH on Rocketpool.
• Traded on zkSync.

SITG quiz 🧠

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Skin in the game addresses ⛓️

Bitcoin: bc1qzpppmek8wh2vqymq06petmfwmhjj9k8vdxl389

Ethereum: 0x8Be9987d18a10F770cADC94635CeDB2eF33B0f17

Thank you for reading! 🙏🏼