This was an interesting chart. I was reading an article about Future's Contracts on BitCoin and the trends of different groups of investors and all kinds of other neat little statistics.
Will be interesting to see what happens with crypto prices through the end of the year..... I still have a little bit of skin in the game across a number of crypto asset programs and plan to add a little here and there. I really hate Coinbase though.
Ive seen my overall crypto holdings drop from about 620$ down to 490$. It could be a rough couple of months ahead. I am still long on crypto and will look to add to my positions when I am financially able to but I will be investing 90% into stocks/ETFS and only 10% or less into crypto assets.
Im not concerned about the overall health of the market and its ability to rebound, I am just glad that I sold off all my stocks a few days before things started sliding down and like I said, I think its going to provide some nice re-entry points. Great time to average down for people already in deep. Hopefully I start this job on Aug 1st as expected.
This initial short covering push is going to level off here. Now to see if retail buyers are ready to get the ball rolling again. Then there is all the Tether garbage to get through.
That was a big screw up by CNBC and other sources! This morning a news piece from GlobalNewswire comes out saying Walmart is accepting Litecoin. The official Litcoin twitter obviously tweets this out Turns out it was fake. But in that hour, CNBC and all the other outlets rebroadcast it.
https://marketrebellion.com/cathie-...confidence-in-ether-has-shot-up-dramatically/ Cathie Wood predicts bitcoin will surge to $500,000 in 5 years – and says Ark Invest’s confidence in ether has shot up dramatically
My top picks for the upcoming emerging markets - Saitama - about to be listed on KuCoin. Will appeal to the meme coin crowd and then surpass them once the real investors realize that the coin has tokenomics that are already working and long-term partnerships being built with places like UFC and more. The smartest thing these guys did was make people think they were a meme coin and then go full bore as a real ERC20 complete with reflections that are currently working in-wallet and a regular burn protocol. MANA | SAND | CUBE - I'm thinking that these three coins might be the backbone of the upcoming movement towards the Metaverse thing. I think 30 and 40 something are poised to make a lot of money investing in these coins that will have utility in virtual-social-networks and gaming-environments that we don't understand or embrace, but that every kid 23 years old and younger are going to grow up with as the norm. I've got half a mind to sell 40k of stocks and turn it into those three coins. Especially CUBE. My observations about CUBE go like this - about a year ago there was a grouping of coins that people were talking about - ALGO & CELO for example. The retail investors were pouring money into the likes of that and others, but when you looked at the price charts it became clear that the real money was VERY quietly pouring money into coins like MAKER. ALGO = two dollar coin. MAKER now equals $2816 coin. Both coins are great in their own right. That's what looks to be happening right now with MANA & SAND. And then you look at CUBE as compared to those other two. BTC - Bitcoin isn't going away. And at this point it's been absorbed by too many institutional buyers and in too much volume that it simply is a permanent asset class no matter what any of the holdouts at the bar say. Actually writing this now I feel like I've been so focused on studying the trends that I should just ignore the bull and bear markets and DCA into BTC nonstop. ETH is on fire too, but the gas fee thing is a TRUE problem at this point. LTC is better for actual transactions. But there you have it - Saitama I think is going to be huge. MANA, SAND & CUBE are probably going to be the backbone of the Metaverse thing that is going to be for a younger generation now what the internet was for my generation of young Gen x'ers. BTC aint going away and once there are routine funds for BTC investing, owning the actual coins & keys is going to be much harder as I see it.
If anybody was waiting for the bottom to fall out of this market, here it is! With LUNA and the stablecoin TERRAUSD losing its peg, billions being liquidated, this is the panic level hitting.
Bitcoin to $20000 I said awhile back this will never see $100K and in due time $0.00 the suits will say thanks for blockchain. I have shorted many of stocks correlated to coin and some have paid handsomely already. I pity those that are buying the dip and hope that they have seen the light.
