Frequently Asked Questions

Q. What is your experts’ forecast for Bitcoin now?

A. They believe we are in a transition between a typical bullish phase when prices rise rapidly to a parabolic phase when prices have the potential to explode even more rapidly.

Q. What do your experts base your Bitcoin forecast on?

A. Five factors:

The first factor is the four-year Bitcoin cycle. It starts with a bearish year. Then it has a neutral or sideways year. Next, a bullish year. And then a parabolic year, when prices rise even faster. Right now, our crypto cycles analyst, Juan Villaverde, says we are the beginning of the parabolic year.

This was the pattern of previous cycles, such as the four-year cycle from 2014 to 2017.

You can see the 4-year cycle in the above chart, which uses compressed scales (log scales). 

And with the regular scales of the chart below, you can see how big the opportunity truly is.

The second factor is that cryptocurrencies now have many more practical uses than they used to, such as Decentralized Finance, where investors can get much better yields for their money than banks offer.

The third is money printing by the Fed, which is now many times larger than it was in 2017 Bitcoin rose from about $1,000 to almost $20,000.

The fourth is big demand for cryptocurrencies from large institutions, which were virtually absent from the market in prior years.

The fifth is the advent of crypto ETFs, which have already been launched in Canada and Europe and should soon be launched in the U.S.

Q: For my new account with a major crypto exchange account, I am looking at three possibilities: Coinbase, Kraken and Binance. Can you tell me something about each?

A. Much depends on where you live.

1. If you live in New York State or Washington State, Coinbase is the only one among the three that you can use.
2. If you live anywhere else in the U.S., Kraken is also available to you. It currently has a broader listing of cryptocurrencies and seems to provid better customer service.
3. If you live overseas, seriously consider Binance.com (not to be confused with Binance.us). Although currently off limits to U.S. residents, its long list of cryptocurrencies and wide range of services are available in most other countries.

Q. Does this service have a long-term and medium-term portfolio?

A. No. But there ARE two categories of investments we cover.

1. The primary category is profit opportunities, seeking to buy low and sell high, much like with traditional investments.

2. This is supplemented by yield opportunities, which are especially helpful during times when the market is temporarily quiet or even going down. In effect, we get paid to wait for the next big move.

Q. Crypto prices have suffered a correction recently? How does that fit in.

A: Sharp price corrections are perfectly normal and have happened several times before in the middle of a crypto bull market. For example, in March 2020, Bitcoin fell in half. But it soon recovered 10-fold, making the correction seem tiny by comparison.

The most recent correction in the market is approximately the same in magnitude. And, as illustrated the above charts, we believe it marks the transition from the “bullish phase” to the “parabolic phase” in the current four-year cycle.

Q. What should I do in a correction?

A. Needless to say, if you hold cryptos during a sharp correction, it can significantly reduce the value of your portfolio. We deploy three strategies:

First, we seek to take profits before the corrections.

Second, we use the lull in the market to pursue high-yield opportunities that are not affected by market declines.

And third, we take advantage of any lower prices to pick up new bargains, aiming for even greater total returns.

Q. Both inside and outside the crypto world, you’re famous as the first financial rating agency to introduce crypto ratings. But I don’t see your ratings for the undiscovered cryptos? Why not?

A. Two of the primary areas considered by the Weiss Crypto Ratings are

1. Technology, based on Dr. Bruce Ng’s in-depth analysis of each crypto’s potential to achieve a variety of goals, including transaction speeds, decentralization, energy efficiency, sophistication of monetary policy, governance capabilities, flexibility to upgrade, and others.

2. Adoption, driven by a wide range of metrics, including those that evaluate each crypto’s size, usage, and popularity.

However, by definition, undiscovered cryptos are unavailable or unknown to most investors. So, they’re not yet widely used and generally not ready to be measured in terms of adoption.

Result: Dr. Bruce and Marija Matic evaluate them primarily based on their technology. We feel that’s ideal for the goals of Undiscovered Cryptos. But to assign a full-blown Weiss Crypto Rating, we require the broader adoption that typically does not occur until after cryptos are listed on major exchanges and used by a broader community. Therefore, undiscovered cryptos do not yet have ratings.

Q: I’ve downloaded my MetaMask wallet. But now I can’t find it. Where did it go?

A. MetaMask is not a stand-alone app that you can find on your desktop; it’s browser extension. In other words, it’s attached to your Google Chrome, Firefox, or Edge. To use it …

• Open or go to your browser.
• Look for the very small fox icon, typically in the upper right corner of your screen.
  It should look like this →
• Click on the fox icon, and the MetaMask opening screen page should appear.

Q: Can I use my iPhone to buy these undiscovered cryptos? If so, can you give us some direction?

A. Sure. Here’s how …

Step 1. Open the MetaMask app on your iPhone and tap on the top right corner to scan a QR code.

Step 2. On the Uniswap desktop version, click on Connect Wallet on the top right.

Step 3. Then click on Wallet Connect and there will be a QR code to scan.

Step 4. Scan the QR code using your iPhone and you will then be connected to Uniswap with MetaMask on your iPhone.

Q: On page 6 of your Quick Start Guide, you show four choices for deposits, one of which is MVB bank. Kraken is giving me only two options: Signature Bank (wire) and Etana Custody. Where do I go from here to make a deposit?

A. Please use Signature bank (wire). It should be like a standard wire transfer.

Q. To help manage my 2-factor authentication, which mobile application is better to install — FreeOTP or Google Authenticator?

A. For 2-factor authentication, we recommend Google Authenticator.

Q: When will I get my next issue of Undiscovered Cryptos?

A. You will receive a new issue every Tuesday. However, you can and will receive new recommendations at any time.

Q: How much money should I invest in each recommendation?

A. As with any investment, there is risk involved and you should only invest what you can afford to lose.

Q. What are undiscovered cryptos?

A. Undiscovered cryptocurrencies are those that are not known or available to most investors. Typically, that’s true as long as they are not yet listed on a major exchange.

Q. What is decentralized finance?

A. Decentralized finance (DeFi) is the fastest-growing sector of the crypto world. Currently, it consists primarily of online platforms that allow users to borrow and lend money peer-to-peer without banks or other financial institutions. In the future, it could also become a fast-growing arena for trading stocks, bonds, commodities, fiat currencies and more.

Q: Does this service recommend strictly undiscovered cryptos?

A: No, it also recommends two other categories of cryptos:

1. Smaller, emerging cryptocurrencies which are already listed on major exchanges.

2. Major cryptocurrencies like Ethereum, which provides the backbone for decentralized finance.

We believe both also offer major profit opportunities.

Q. Does this service offer exclusively opportunities in the Decentralized Finance sector?

A. Yes, but we define Decentralized Finance (DeFi) broadly. For example, Ethereum and Ethereum competitors are not exclusively used for DeFi. However, we feel they provide the essential infrastructure for DeFi projects and are therefore good plays on the explosive growth in the sector.

Q. If the profit potential is so good with things like Bitcoin and Ethereum, why should I bother with the smaller, undiscovered cryptos?

A. We believe undiscovered cryptos are the only ones that could provide the same kind of profit opportunities that Bitcoin investors had years ago.

Q. You say undiscovered cryptos are harder to buy. If so, why bother?

A. For the same reason that investors buy shares via private placements or in start-ups before an IPO. Their goal is to pick them up at a fraction of the cost that investors would pay when the shares do go public and are listed on exchanges.

We believe buying undiscovered cryptos is easier than buying stocks before their IPO because they ARE listed on publicly available exchanges, called decentralized exchanges. But these decentralized exchanges are generally off the beaten path for most investors, even crypto investors.

Q. How quickly can I get started?

A. If you already have an account with a crypto exchange, you should be able to get started right away with the cryptos that are listed on the exchange you use. If you do not yet have an account, it’s not hard to set one up, and we guide you through that process in our first video session (1A or 1B).

For the undiscovered cryptos, we don’t recommend rushing. Take your time to go through each set-up step in our video tutorials. If it takes you a couple of weeks, that’s par for the course. If you can complete the process sooner, that’s even better.

Q. You mention “the next Bitcoins.” But how many Bitcoins does the world need? Isn’t one enough?

A. We don’t mean our favorite cryptos will replace Bitcoin. Their function is very different.

You see, Bitcoin has emerged as the world’s leading store of value and hedge against paper currencies. That’s why many people now call Bitcoin “digital gold,” and believe it will probably continue to dominate in that role.

Some of the undiscovered cryptos covered in this service are aiming to become something like banks, or more specifically, decentralized banks on the blockchain. Plus, others aim to become like decentralized stock exchanges.

Ultimately, we believe those financial functions could be even more important than a digital gold.

Q. I never use computers or iPads. I just call my broker, tell him what I want to do, and he takes care of the rest. Will it really be possible for me to use this service?

A. If you have someone you trust, maybe a family member, employee, or friend, who uses computers and can make the trades for you, yes. But if you must do it entirely on your own, and you don’t use a computer, tablet or smartphone, then perhaps this service is not for you.

Q. I heard a lot of people lost a lot of money when Bitcoin crashed in 2018. Could that happen again?

A. We believe it WILL happen again, possibly in 2023. But right now, we don’t see any signs of a major decline of that magnitude. Of course, we’re always on the lookout for sharp corrections, but for the next year or two, our forecast is that they could best be used as new buying opportunities.

Q. Dr. Weiss says we should not expect to make as much money as one of the big examples he cites, such as yearn.finance, which made investors more than 1,000 times their money. Why not?

A: Because those kinds of extreme gains are rare. We believe that a more realistic high-end goal would be gains of 50-fold to 100-fold. And you should also expect some laggards or even losers.

Q. How important is market timing in this service?

A. Market timing is important with all investments that follow a boom-and-bust cycle. Cryptocurrencies are certainly among them. This is why we have a crypto team which includes three crypto experts:

• Dr. Bruce Ng, who specializes in SELECTING profit-oriented investments  
• Marija Matic, who is currently focused on yield-oriented opportunities, and 
• Juan Villaverde, who has developed — and uses — a robust mathematical model to TIME the crypto market.

Q. I have an account on a major crypto exchange, but it does not have some of the items you’re referring to. What should I do?

A. We believe there’s also very good money to be made in the cryptos that ARE listed on the major exchanges. So, start there. Then, for the others, take your time to get set up. Doing so involves extra steps, but for the vast majority of those steps, you only need to complete them once.

And our research tells us it’s worth the effort. You can refer to our video tutorials. And if you still need help, be sure to contact us. Just bear in mind that, during periods of peak demand, we may not be able to get back to you immediately.

Q. What’s the difference between a centralized exchange and a decentralized exchange?

A. A centralized exchange (like Coinbase or Kraken) is owned and controlled by a company or organization. Much as with a broker or bank, if you fund an account with them, they retain custody of your assets.

In contrast, a decentralized exchange (like Uniswap) is an online platform which, in effect, belongs mainly to the community of users. You can use the platform to trade. But you can easily retain custody of all your assets.

Q. Should I use a centralized exchange or decentralized exchange?

A. Precisely how you trade and own cryptocurrencies is up to you. However, for this service, we recommend both:

• For cryptos listed on centralized exchanges like Coinbase or Kraken, it’s usually more convenient to buy them right there.
• For those that are not yet listed, buying them on a decentralized exchange like Uniswap may be the only way. Moreover, we believe that buying them before they’re listed on a major exchange can be a big factor to help multiply the profit opportunity.

Q. What is the risk of investing in undiscovered cryptos?

A. It’s similar in some ways to investing in start-ups. If you don’t know what you’re doing, you could wind up with a series of laggers or even losers. However, if you know what you’re doing, you still won’t get them all right. But we believe there’s an opportunity for 50-fold gains or more.

Q. Do you think undiscovered cryptos are appropriate for building my retirement fund or covering everyday expenses?

A. No. You could say that undiscovered cryptos are the rough equivalent of small-cap stocks, micro-cap stocks, or even start-ups. It’s OK to invest in amounts that you can afford to risk. But you should not count on them for retirement, necessities or emergencies. The reason we like them is that you don’t have to invest very much in each one for them to potentially make a significant difference.

Q. You say that you’re investing your personal money? Does this also involve managing my money?

A: Not at all. We are strictly publishers and Undiscovered Cryptos is strictly an informational publication.

Q. I am a Member of your Weiss Cryptocurrency Portfolio. What’s the difference with this new service?

A. Weiss Cryptocurrency Portfolio is a trading service, focusing on cryptos with large market caps. We use our Crypto Timing Model with the goal of outperforming a buy-and-hold strategy.

Undiscovered Cryptos is mostly (but not entirely) a small-cap crypto service, pursuing cryptos that we believe have 50-fold or even 100-fold profit potential without active trading.

In some cases, the same crypto, such as Ethereum, will be recommended in both services. But for the most part, the recommendations in the service will not overlap.

Q. You already recommended at least one undiscovered crypto in another crypto service that I get. I think it was THORChain (RUNE). So why can’t you continue doing so? Why do I have to buy another service to get that?

A. Our other crypto services are devoted almost entirely to larger cap cryptocurrencies. (RUNE was an exception, as a kind of free sample.)

Q. When can I get my free crypto?

A. If you have the appropriate address to receive it, we can send our No. 1 choice of undiscovered crypto to you within five business days at the latest, and possibly sooner.

If you do not have the appropriate address, please review our set-up instructions. You will need to follow those instructions not only to receive the free undiscovered crypto buy also to buy the undiscovered cryptos recommended in the service. So, there’s a double benefit for doing so.

Q. Your video tutorial Session No. 3 seems to be the longest. What are we trying to accomplish there?

A. The main goal is to send some Ethereum from your exchange account to your MetaMask wallet. If you’ve never done this before, some of it may seem foreign to you. But in essence, it’s the same idea as a bank wire transfer, but actually more convenient in some ways (once you get the hang of it.)

Instead of routing and account numbers, all you need is one single address, which you can copy and paste from one screen to another.

And always remember: Most of this process is to help you get SET UP. Then, once the set-up process is completed, there will be far fewer steps needed to execute specific trades.

Q. Why do I need both Uniswap and MetaMask? Why not just one of them?

A. Uniswap is where you swap one crypto, such as Ethereum (ETH), for another, such as THORChain (RUNE). MetaMask is your personal wallet where you hold your crypto. (Think of Uniswap like a swap shop where you trade one asset for another. Think of MetaMask as your personal wallet or purse where you hold your dollars or other currencies.) What we especially like about these two is that the MetaMask app interacts directly and seamlessly with Uniswap.

Q. I don’t have the time to set up a wallet and decentralized account right now. Can I still take good advantage of your service until I do?

A. Yes, as we said in answer to a similar question, there are two other categories of cryptocurrencies that we believe could make you a lot of money in the meantime, and we recommend both of them: The first is cryptos like Ethereum, which has a history of rising three times more than Bitcoin in rising markets. And the second are major opportunities with smaller coins that ARE already listed on major exchanges like Kraken or Binance. Still, we think you should set up your MetaMask wallet and Uniswap account when you get a chance.

Q. I’m not confident enough in my crypto and computer savvy for this type of thing. What should I do?

A. We have a team of specialists to help you with one-on-one sessions. Sometimes, due to peak demand, they may not be able to get back to you right away. But please be patient and take full advantage of the easier-to-buy cryptos for now.

Q. I live overseas. Should I also open an account with Kraken or Coinbase?

A. You could, but in your case, we would first consider Binance.com (not Binance.US), which offers a wider range of cryptos and resources.

Q. How often am I going to have to go through this process?

A. For all the set-up steps, just once. For sending Ethereum, only once in a while. We consider Ethereum the medium of exchange for this service. Although it’s a risk asset, we recommend using Ethereum instead of moving back and forth from crypto to cash. If you want to start, say, with $20,000 allocated to this service, you could use half of those funds to buy Ethereum to transfer to your MetaMask wallet.