Market Update

Slow and boring drip down. This is torture to a lot of people. We are just crabbing along. It reminds me of what happened when we were trying to get through $10,000 back in the day. Many of you were not here during those days buy many of you who were active then can attest that we took many attempts to get through the $10K level. I for one am very relaxed here. The hype is dying down, even more people are calling for the low $20k’s and are getting louder by the day. I think the market will catch the bears off guard eventually. 

For me personally I don’t think we get to the low $20k’s. But one shouldn’t be surprised at all if we do because crypto can do anything. I think dollar cost averaging here is a good idea… Especially if I didn’t own a satisfying bag of Bitcoin or ETH here. The alts got pretty smashed as well. INJ is in the low $6 range which I personally think is a steal. We could head to 4-5 dollars and I would be a very happy camper. Also GMX is looking nice here as well.

In the meantime we have a lot of interesting developments going on with Binance. They are now leaving Canada due to Binance refusing to comply with such strict KYC on their stablecoin users. Thats a big step and I must give them credit for taking that stance. Lets now see how Binance handles the US and their lack of clarity on regulations. In the meantime learn how to use a DEX (Decentralized Exchange) like Uniswap especially if you are a US citizen. You just never know what that government will come up with next or which project will leave the US for good.  

If we get another swift dip(and I am awake and near my computer) I will purchase more INJ. I may pick up some SUI if it dips well under $1. My only concern with SUI is the emission rate. Its crazy high in the future. I just don’t like the amount of coins that will come onto the market in the future. Thats my only hesitancy on that coin. 

Chat soon