First off, if you are not sure whether to laugh or cry today, check out this twitter threat on the first day of investigation in the bankruptcy proceeding of FTX and Alameda: https://twitter.com/jonwu_/status/1593262926705487872 The fall of FTX is not just the worst bankruptcy in the short history of crypto. It’s beginning to look like the worst financial debacle of… Read More »
“He who fights with monsters might take care lest he thereby becomes a monster. And when you gaze long into an abyss the abyss also gazes into you.” –from BEYOND GOOD & EVIL by Friedrich Nietzsche The life of a trader is very short. Very few make it past ten years. That’s the conclusion reached by Nassim Nicholas Taleb… Read More »
I sold one-third to one-half of my crypto stock-portfolio today (not my bitcoin and Ethereum): Three reasons why I sold: First reason: I made a killing over the last month on these stocks: Hut 8 Mining is up 103% since I bought it. Ether Capital is up 86%. Blockchain Intelligence Group is up 104%. QBTC is up 57%. Bitfarms… Read More »
First, let’s talk about bitcoin. It’s been a good year (bitcoin up 163% YTD) and November was a great month (up 38%). The fundamentals are sound. Institutional buyers are stepping in just as supply is drying up. Do I think bitcoin will reach $100K in 2021? Let me put this way: If it does, I will be writing… Read More »
This has been my favourite chart to check almost every day for the last few weeks: https://cryptofees.info/ The fees listed above are what users are paying for transactions and other services that are offered by the crypto-coins and the Defi contracts (mostly Uniswap and Sushiswap). Does it imply one protocol is “better” than the other? No. Does it… Read More »
Historically for crypto, September is by far the worst month of the year, as noted four weeks back: “A Good Argument to Sell, Then Buy Right Back.” Right on schedule, everything tanked: Bitcoin is flirting with $10k, after starting the month at $12,000. Ethereum has gone from a high of $470 down to low $300s. And finally, the folks… Read More »
