That green candle – I bought BTC early in the week and rode it all the way up but I missed actually seeing it happen (glass half full)….ducked out on an errand came back to my office, opened the charts and saw a green candle running off the screen..zoomed out…nope still off the screen, zoomed out some more and finally found the top.
Far too early to tell if the bull is making a return. However, I feel fairly confident in stating that the bears are shaken -resistance broke, broke again and again…even on a steep retrace in the coming days and weeks, sentiment has shifted. It will be hard to overturn this newfound optimism in my opinion. Be careful out there, but better price valuations may well be on the horizon.
I’ve included a few non-crypto articles this week as its rarely a good idea to lose track of developments in other markets, areas of tech and general economic conditions, all of which exert influence on the cryptoverse.
Pick of the Week
Applying Fibonacci levels to the last few failed BTC rallies serve to put this one in context. If you are experiencing FOMO do yourself a favor and checkout this post by workin2005. I also highly recommend checking out this week’s podcast a thoroughly civilized discussion by two crypto enthusiasts both of whom differ on my many points but nonetheless attempt to find common ground.
Is BTC a conduit for energy efficiency?:https://twitter.com/intjr/status/1112243976180883456
Making the most of this next quarter:https://twitter.com/1MarkMoss/status/1112802277461540866
Man has a point:https://twitter.com/22loops/status/1112221818771988481
Is the Bitcoin community really toxic?:https://twitter.com/Ragnarly/status/1113937896044519425
Global money supply S&P 500 look mighty correlated:https://twitter.com/jpthor__/status/1112261927256776704
A Book in a tweet thread – The Bitcoin Standard:https://twitter.com/ydemombynes/status/985560599248756736
CryptoPilots has launched a competition to redesign their logo:https://trybe.one/cryptopilots-logo-challenge-win-10000-trybe-and-25-steem/
Part 2 of a series exploring the impact/significance/reframing of Bitcoin (highly recommended):https://medium.com/@dergigi/economic-teachings-of-bitcoin-b2cc4f2cfa96
Zoom out and how early and profound this crypto revolution really is comes into focus:https://medium.com/federman-capital/ignore-the-noise-the-blockchain-era-is-only-getting-started-952071680d51
Fake volumes- real core:https://www.coindesk.com/exchange-volumes-may-be-fake-but-bitcoins-value-is-real?hootPostID=3b46db139c0bbd3a21fdda3e9656f77d
Understanding your area or limit of competence (recommended):https://fs.blog/2013/12/mental-model-circle-of-competence/
Exploring drivers of economic instability:https://www.coinspeaker.com/6-reasons-another-economic-crisis/
Some people find a way -even if it lands them in jail (non-crypto):https://boingboing.net/2019/03/24/evaldas-rimasauskas.html
Mobility start-ups set to explode (general tech): https://medium.com/uvc-partners-news/the-european-mobility-startup-landscape-e4cc239fde99
An engaging and wide-ranging discussion of blockchain use cases beyond Bitcoin (skip to 4 min mark):
Workin2005 with a measured take on recent price action (highly recommended):
Alessio Rastani urges caution re recent BTC bull run (worth keeping in mind):
Guess who just got trendy?
Website / Utility
Lots of options here to rate cryptos by various metrics:
That’s it for another week. Hope there were a few items of interest. Until next time. 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.