Yes, doubled my stack since last week! I've been sweeping rewards and compounding my position. I wish I had picked up more 2share before it 4x. Henry's medium article was an interesting pivot, no wonder the TVL is mooning. It seems like a new collaboration is in the works T/2/3, maybe I'll get a chance to participate in a genesis pool - super exciting!
Yeah, I missed BAYC. I remember looking at them when the floor was 1 ETH, same with WoW. I was distracted by Punks trading up through 20k. I didn't like the art and was mistaken about the value proposition. I'll probably pick one up too at some point but most likely trade into it from a newer project. Everyday brings a new opportunity to create more prosperity, I love these emerging markets!
Yes, yes!! Judging from the questions of the newcomers on Discord, a lot of new people are discovering defi I think this is going to be a great year for opportunities. I've already had a great start and hope you and the others in cryptos much success
** Post is for entertainment purposes only Just an update on this, btc is up nicely from the low 30k'sh level, but the bad news is that on-chain analytics no longer signaling a bullish situation Also, futures are causing a major factor in price moves Imho, long term buy & hodl is the best with no leverage is the best way to play bitcoin and keep stacking, nfa "market structure is changing" "The futures sell-down has not yet alleviated"
** Post is for entertainment purposes only Meh, got too overconfident with "house money" mentality, did not take additional profits when 2share started selling off hard and just compounded rewards Anyway, still have good returns overall and will start collecting yields instead of compounding into the yield farms
This is worrisome. In a video I watched it was stated that the supply at exchanges continues to be depleted, which should be bullish. Can you provide any more details with regards to specifically what the analytics suggested?
You are correct on the supply of spot btc's keep going down on the exchanges If you look at my post, I put 2 excerpts from W. Woo's email, which basically is my indirect way of saying that bitcoin futures have a much stronger effect on the price of btc in the short term and "invalidates" on-chain data in the short term In this particular case where "on-chain is no longer signalling bullish" it's specific to btc no longer in extreme oversold conditions while whales and retail are accumulating and supplies on exchanges are at historic lows Bitcoin being up 30% from the $32K price means the oversold condition is no longer in-effect and we're back to the same on-chain data we had prior. We do not have the tailwind from that, any longer So to circle back, bitcoin futures and bitcoin etf futures are dictating short term price moves. Institutions and hedge funds buy spot and short the bitcoin futures and bitcoin etf futures Which is why I mentioned that the easiest way to play bitcoin is long term hodl and accumulate on dips so not to be shaken out by this bitcoin futures and bitcoin etf futures volatility The answer to overcome the selling pressure from futures and futures-based bitcoin products is to have bitcoin spot etf or a major news like another nation-state adopting bitcoin
@deaddog Reminder: the money you deposited in the banks are not your money any longer. They belong to the banks and you hope they let you spend it, but be careful they can freeze your accounts if you make a wrong move or whatever https://www.the-sun.com/entertainme...lawsuit-wells-fargo-unfreeze-assets-dementia/
US currency is the property of the US government. You cannot actually own US money. That is one reason why you cannot destroy it by burning it or tearing it or otherwise mutilating it, legally. It is not your property. You posses the money only as a LOAN from the bank, to eventually pay them the debt you owe them by having it, because money=debt.
It's eye opening to read the ToS and realize that they (banks) do not have to redeem your deposit upon demand but upon their discretion.