The Sunday Crypto Recap – Down the Rabbit Hole 92
So What’s it All For Anyway?
*The purpose of this recap is to pull back the curtain on narrative discussions and significant developments or trends throughout the cryptosphere. It also focuses on providing links to material that illuminate crypto-related topics or themes.
It is not a news platform and does not seek to steer you to the next, new shiny thing. It always has and likely always will predominantly focus on Bitcoin. Other cryptos are, of course, highlighted with more attention paid to higher-cap projects.
That there is bias in its construction should be obvious. Each week a veritable tsunami of material courses my path – with only a small fraction of it being included. Different formats are highlighted because each tackles crypto in its own unique way. *
Is that a bull I see? I believe it is. Bitcoin just posted its second-highest monthly close in its history. A two and a half year downtrend looks broken. Bullish fundamentals from hashrate to high profile endorsements abound. If nor now, then when? Ethereum has blown past previous resistance. General volume is up sharply. On and on, the bullish indicators go.
Could we see a sharp pullback, of course. Indeed, 40% retracements have been commonplace during past BTC bull runs. There is absolutely no reason to suspect this time will be different. Who knows, perhaps steeper declines await? Given its relatively puny market cap BTC remains open to price manipulation and moments of extreme volatility. Nonetheless, bullish indicators abound.
Picks of the Week
This gif says a lot. This thread on markets is great for beginners. If you only read one article – let it be this long format examination of money, slavery, and the path to freedom. Finally, there’s a whole lot to be bullish about in the here and now.
A simple gif on what Bitcoin is (recommended):
If bullish on gold – why not BTC? (recommended):
Bitcoin brings you back:
Why are gold and BTC rallying together? (recommended):
DEXs are surging in volume:
Volume matters ETH v EOS:
A Defi thread (highly recommended):
The dollar, debt, inflation, and why the Federal Reserve is stuck between a rock and a hard place (recommended):
COVID-19 has done more than interrupt our daily lives:
A thread on markets (highly recommended):
An expansive explanation of GPT-3 (non-crypto specific – for now…)
A succinct explanation of one investors decision to take the BTC dive (highly recommended);
On money, slavery and the way out (highly recommended);
Hashpower – a deep dive (recommended):
China’s Blockchain Service Network play:
Outlining America’s conflicted approach to crypto:
Crypto custody – a deep dive (recommended):
Beware crypto scams – there are many more on the way:
A call to fiscal responsibility (recommended):
There’s a lot to be bullish about – here and now (highly recommended):
Brain Armstrong – Coinbase, past, present, and future (recommended):
A discussion of pending central bank digital currencies (recommended):
Is it time to be bullish?:
Pomp on BTC and why it matters:
BTC bull runs explained:
Changes are afoot and Bitcoin is at the heart of it:
DeFi -time to drink the Kool-Aid? (recommended):
An overview of crypto lending platforms:
Gold and Bitcoin are diverging from the stock market:
Ethereum fees are clearly an issue:
The dollar seems to be paying a price for recent monetary expansion policies:
Website / Utility
If you are considering staking -this is a useful resource:
Epic week. The good news is that more such weeks are on the way. As always, looking forward to your comments and suggestions.
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.