Crypto is Easy: Insights for Profitable Investors
Crypto is Easy: Insights for Profitable Investors
Weekly Rundown - May 1, 2022

Weekly Rundown - May 1, 2022

Are we doing this or not?

Happy May and عيد مبارك to those who celebrate it. I’m feeling quite ill so I will keep this rundown short with a different format.

Did you catch my update from earlier this week? If not, please do. In the update, I talked about some recent changes in miner behaviors and some trends in stablecoins that you may want to see.

Catch the April 26, 2022 Update

In last week’s rundown, I asked which price will come first for bitcoin—$33,000 or $52,000?

58% of respondents said $33,000.

Granted, that was from only 182 votes, which is very low for my polls, so take that for what it’s worth. From the sentiment I’m getting from social media and the bitcoin fear/greed index, I would have expected more people to select $33,000. Seems like the overwhelming consensus says we are about to have a massive drop, presumably below $33,000.

Paid subscribers, I’ll have one or two updates this week. Everybody else—scroll down for some interesting stuff you may enjoy.

I don’t post much on YouTube, just occasional short videos that don’t fit very well in this newsletter. I posted three short QA videos just the other day, if you’re interested.

Coinbase Accused of Insider Trading; Is There a Base for the Allegations?

Rumors say Coinbase insiders bought a bunch of various altcoins shortly before Coinbase announced it may potentially list those tokens.

Dirty business, this.

More dirty than traditional finance? Debatable.

Unlike traditional finance, the transparency of the blockchain lets 7 billion detectives figure out what’s going on. Your regulators can only hope to have this much insight into whatever Wall Street’s doing.

Read the Article

State of the Market

About two and a half months ago, Kevin Zhou with Galois Capital published a Medium post that reflects on some key failings of the crypto space.

Not just the grift, as he calls it, but the way you perceive the cryptosphere when prices are up compared to when prices are down. Read it now.

Read the Post

In defense of farming

Blockworks highlighted the difference between Ponzi schemes and the use of staking as rewards, as well as the new incentives that come from staking.

Read the Article

Reminder: stake your altcoins when possible. It’s free crypto and the only way to fight the inflation that comes from token rewards.

Relax and enjoy the ride!

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Crypto is Easy: Insights for Profitable Investors
Crypto is Easy: Insights for Profitable Investors
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