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What a day in the markets. Bitcoin lost its footing and now is back to the low $25K’s bringing most alts down with it. The difficulties for me in this market is to try and time the market in the short term and sharing what I do.
It’s dump time for the alts. FTX is dumping their (In order of supply held by FTX) SOL, FTT, BTC, ETH, APT, DOGE, MATIC, TON and XRP on September 13th and could take a month to execute in totality. Many algo’s are looking at this and dumping everything else. This is a great flush down.
Of course btc doesn’t always follow the rules, but these general price measurements are always good to keep in mind. In the meantime, these boring phases are great for DCAing and you’ll thank yourself later for preparing for the incoming bull! Investment Company Founder Reveals...
Hey everyone, so I am getting a lot more bullish on ETH (for the next bull market) as Valkyrie and Ark Invest are both applying for spot ETH ETF’s. Thats huge news which I think most people don’t understand the implications of this.
I just added to my ETH bag here at $1619. I used up 1 percent of my cash for this purchase on Uniswap and I used USDT to purchase this. Love these dips. Leveraged traders are getting absolutely destroyed as whales hunt them down. Toby
This should be the second thing you check for when considering which DEX or DeFi platform to use. For me personally I check for a recent audit, and if previous discrepancies have been fixed and in a timely manner. This indicates a reliable and capable dev team.
Hey everyone, I wanted to give you a heads up on ATOR. The EU has stated that privacy coins will be outlawed and delisted from all exchanges in Belgium. This may put a bit of downward pressure on ATOR since this is likely to spread to surrounding nations as well. Markets hate uncertainty.
Bitcoin is currently facing downward pressure, yet the market seems to overlook factors such as the early stage of the 4-year cycle, the halving narrative, a potentially more accommodating 2024 FED, and the possibility of an ETF approval.
Here is a new coin that I found. As you know I am a huge fan of Arbitrum and can see it helping Ethereum out when the next bull market happens and overcrowding of transactions start occurring on a weekly basis . I am not in the camp that it will take over Ethereum. That’s a whole other story.