Cryptocurrencies

The Sunday Crypto Recap – Down the Rabbit Hole 70

A wild week and no real reason to believe that markets are due to pick up anytime soon. Bitcoin has retraced somewhat sharply but not to the same extent as global equities. As a slew of negative economic indicators roll out in the coming months – a strong bearish tinge is likely to predominate. Zooming out – Bitcoin is designed with just such circumstances in mind. A more nuanced explanation of my thoughts on the current market turmoil and its consequences for BTC can be found here.


Picks of the Week

This tremendously in-depth reply to Ray Dalio’s position (or lack thereof) on Bitcoin. Also this assessment of current market turmoil and this discussion of BTC’s outlook in the current economic conditions.


Twitter

Sometimes you gotta laugh:
https://twitter.com/Dogetoshi/status/1232822071085936641

Bitcoin compares well to central bankers:
https://twitter.com/ChrisEspley1/status/1228312021738774528

Debunking ‘Satoshi’s Vision’:
https://twitter.com/danheld/status/1224725608942329862

Follow the blocks (highly recommended):
https://twitter.com/BitcoinConfirms

On stablecoins (recommended):
https://twitter.com/nic__carter/status/1231286192089550850

EOS just made some tangible progress (recommended):
https://twitter.com/ryaneos42/status/1232583276176371713

A saver be:
https://twitter.com/thecapital_io/status/1230750000730132482

Setting the scene for future crypto growth/adoption (highly recommended):
https://twitter.com/hansthered/status/1231268307614883840


Articles

An in-depth and thought-provoking open Letter to Ray Dalio re: Bitcoin (highly recommended):
https://medium.com/@breedlove22/an-open-letter-to-ray-dalio-re-bitcoin-4b07c52a1a98

Famous quotes on revolution that outline why Bitcoin will succeed:
https://medium.com/in-bitcoin-we-trust/6-famous-quotes-on-revolution-that-explain-why-bitcoin-will-succeed-in-its-mission-1ebd717ae7f1

Pricing Bitcoin (recommended):
https://medium.com/@armantheparman/how-bitcoin-is-priced-949ac77da0a9

A skeptics take on DeFi (recommended):
https://techcrunch.com/2020/02/18/defiance-billion-dollar-finance-million-dollar-hacks-and-very-little-value/

Discussing Microsoft’s decentralized identity initiative – ION:
https://bitcoinmagazine.com/articles/microsofts-ion-is-an-open-source-bet-on-bitcoin

Sectors leveraging DeFi in 2020:
https://cointelegraph.com/news/sectors-realizing-the-full-potential-of-defi-protocols-in-2020

ICON an update:
https://medium.com/helloiconworld/2020-roadmap-update-2e12f7bbdcc4

Gell-Mann Amnesia – an all too common occurrence (recommended):
https://www.epsilontheory.com/gell-mann-amnesia/


Podcasts

Digesting current global market turmoil and its likely ramifications for Bitcoin (highly recommended):

https://anchor.fm/the-two-minute-crypto-podcast/episodes/Two-Minute-Crypto—The-Sky-is-Falling-eb4j08/a-a1pvsb

The Lightning Network explained at length:

https://www.whatbitcoindid.com/podcast/the-beginners-guide-to-bitcoin-part-13-the-lightning-network-with-jack-mallers


YouTube

Careful what you wish for (highly recommended – recorded before current market decline):


Alessio Rastani’s take on the current market selloff (recommended):


An optimistic take on the outlook for Ethereum:


An excellent round-up of the scope and state of play of Ethereum 2.0 (highly recommended):


Bitcoin is a long-term short on the world economy (recommended):


Again recorded before the current market – why central banks can’t deflate the bubble they have created (recommended):


On the money – before markets caught up (highly recommended):


Infographics

Useful breakdown of the different ways a Bitcoin transaction might be categorized as ‘tainted’:

https://twitter.com/6102bitcoin/status/1230630247743225857/photo/1


You know this you too:

https://twitter.com/crypt0fungus/status/1230168812219240449

Website / Utility

An excellent way of visualizing returns and losses over time with BTC:

https://hodl.camp/


The sky isn’t falling but it’s worth being mentally prepared for a sharp and persistent correction in global markets over the coming quarters. Plenty of time to delve ever deeper into the crypto rabbit hole.


Note on Sources:

Twitter & Reddit (cryptos current meta-brains) / Medium / Trybe / Hackernoon / Whaleshares / TIMM and so on/ YouTube / various podcasts and whatever else I stumble upon. The aim is a useful weekly aggregator of ideas rather than news. Though I try to keep the sources current – I’ll reference these articles and podcasts etc. as I encounter them – they may have been published just a couple of days ago or in some cases quite a bit earlier.

About the author: cryptos-decrypted
Full-time cryptocurrency trader since mid-2017 and full-time day trader since 2016. Currently, hold a range of large cap cryptos and constantly updating my knowledge-base and crypto skill-set. Please note, that with crypto investments I principally focus on fundamentals and trade for long-term gains rather than daily position trading.

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