The speaker plans to reinvest profits from their successful investment in Adam into two other coins, Optimism and Matic. They will pull out $1000 from Adam and split the remaining $878 between the two new coins, investing $500 in each. The speaker has a preference for layer two coins.
Investment Strategy: Layer Twos
So here’s what we’re going to do this week, guys! Adam has been crushing it, as you can see – it’s up 26% since we bought it. We made a free 26%, let’s take that and put it into another coin.
Pulling Out and Splitting
We’re going to take Adam, pull a thousand out, and keep 878 in here. Then, we’re going to split that between Optimism and Matic – we’re going to put 500 each into those.
Why Layer Twos?
Now, you might be wondering why we’re partial to layer twos. These are essentially blockchain-based protocols that sit on top of existing blockchain platforms – like Ethereum – and offer increased scalability and speed.
Layer twos, such as Optimism and Matic, are gaining popularity because they offer solutions to the problems that plague some of the older blockchains. These solutions can include faster transaction speeds, reduced transaction fees, and improved network security.
The Long-Term View
Of course, investing in cryptocurrencies can be unpredictable – there’s always the risk of volatility and market fluctuations. But, if you’re a long-term investor, these risks are worth taking in order to reap potential long-term benefits.
In the case of layer twos, the potential benefits can be substantial, as the market demand for increased transaction speeds and decreased fees continues to grow.
So, if you’re looking to invest in cryptocurrencies, consider layer twos like Optimism and Matic – they could be a valuable addition to your portfolio.