For the last two months, I have been obsessed with Ethereum trading pools on Uniswap Level 3. That’s where you provide liquidity to a trading pool that allows users to swap tokens. It’s a decentralized exchange. If the transaction volume is high enough, you can make anywhere from 0.5% to 2% a day of your initial investment. That’s an… Read More »
After the disaster of May and June, when the price of Bitcoin dropped 50% (and some altcoins dropped 80%), everybody breathed a sign of relief when we rallied in the summer. Bitcoin is only 13% off its all-time high. Ethereum is less than 5% off its ATH. Too bad September is historically the worst month of the… Read More »
In 2001 Apple stock price was 37 cents (adjusting for splits). Ten years later, it was $11.50, and today it’s about $145. Simple question: Why did it go up so much? There are many reasons why, but I will talk about two. If you read the news stories of the day, you would say it was because of… Read More »
People are still shorting bitcoin. Look at this table and then I will explain: This is a table of the funding rates for the Bitmex XBTUSD perpetual contract, the most liquid Bitcoin futures contract in the world. Volume in the last 24 hours? One point seven billion USD. I think it’s a pretty reliable indicator of sentiment about… Read More »
July SHOULD be a quiet month. August, not so much. By September it will get crazy again. I see Ethereum is bouncing around, hitting $2400 earlier this week, and now testing $2100. In the short-term nobody knows anything although lots of people pretend to. But in the first week of August, expect big news to be announced in… Read More »
Recently my wife and I drove to Osoyoos, the epicenter of Canada’s wine industry, for a few days of wine tastings. I should have stayed there. The emotional state of a long-term crypto-investor is brief periods of euphoria followed by moments of horror followed by long periods of gloom-and-doom. Here we go, again. At times like this, I… Read More »
