the coming bear market (should there be one) will be an interesting one

https://www.ft.com/content/4f8044bf-8f0f-46b4-9fb7-6d0eba723017

I love this article (~15min read)

incredibly insightful

it is unlikely for eth to be both the best smart contract protocol and a monetary instrument

eth being deflationary is actually harmful in the long run with it's actual goal of being a decentralised computer in mind

inevitable that crypto with real world use cases will eventually be worth more than bitcoin if we are pursuing the currency adoption

"Bad money is spent, e.g. USD and other fiats; good money is hoarded, e.g. Bitcoin. This is Gresham’s law. However, while hoarding gold does not diminish its value, in extremis hoarding Bitcoin in the future without using it in any fashion will destroy the economics of the network which gives Bitcoin its value — because after block rewards end, miners will only be paid in transaction fees, and if there are no transactions, there are no fees, and no incentive for miners to maintain the network."
-> btc should be spent and not hoarded tightly

“When the music stops, in terms of liquidity, things will be complicated, but as long as the music is playing, you’ve got to get up and dance.” - Chuck Prince, former head of Citigroup

https://cryptohayes.medium.com/fear-is-the-mind-killer-f838d9a0d1c1

#reads #newbie

goodbye fiat

inflation @ 4-decade high

https://www.coindesk.com/markets/2021/12/10/us-inflation-rate-surges-to-68-in-november-a-4-decade-high-bitcoin-jumps/

also,

btc did a scam pump likely due to the inflation news

unsustainable

anything in between 54k and 44k is the chop zone so becareful out there

i'll be observing and waiting for my areas of interest @ 54k or 44k

not saying I entered crypto in 2013 or anything but damn the thumbnails really do annoy me

https://twitter.com/lowstrife/status/1469174973411508226?s=20

recently did some research on Aave

figured why not share it with you guys as well

might've missed out things here and there as well but I guess it'll be a nice intro to Aave

cheers!

FOMC meeting 14 dec - 15 dec

volatility will be wild

will be observing until the meeting to understand how the market is reacting to whatever that is gonna be mentioned

take care if you're trading!

https://www.federalreserve.gov/newsevents/calendar.htm

interesting

hoping for decoupling of crypto from equities but i wonder if it'll happen this cycle

i believe it's a question of when?

Binance SG pulling out of Singapore

take note of this

deadline: 13 Feb 2022

https://www.channelnewsasia.com/business/binance-sg-singapore-close-withdraw-mas-application-2375571

good thread for new traders

point 12* (v important)

also, health and mental state matters

remember to take time off trading and spend it outside the charts w your loved ones

https://twitter.com/CryptoShadowOff/status/1362004450773262346?s=20

pretty good coverage on hash rate and what it means

good to understand with hash rate hitting ath

https://www.sofi.com/learn/content/bitcoin-hash-rate/

chart:
https://www.blockchain.com/charts/hash-rate

#learn #reads #newbie

interesting

https://zycrypto.com/bitcoin-is-in-a-consolidating-bull-market-only-a-question-of-time-until-100k-bloomberg-intelligence/

market is slowly pricing in their expectations of the meeting

it's expected to be bearish given biden calling the peak of inflation along with accelerated tapering plans

let's see what we'll get !

rates unchanged -> not as bearish as expected, market bounced

pace of tapering doubles in effort to accelerate

3 possible i/r hikes next year in 2022

aye

https://coingape.com/terras-luna-hits-new-time-high-81-flips-binance-smart-chain-defi-tvl/

for the LUNAtics

some dip buys that helped me recover my port (in order of gains):

LUNA
AVAX
FTM
LINK
DOT

essentials:
BTC
ETH

month of december was pretty chill, not many trades taken but decent gains made

stuck to my high conviction coins and it reminded me of an important lesson (yes, I'm still learning and improving too)

trade quantity =/= trade quality

lesser trades =/= lesser profits

earning more while doing less = passive income ✅

cheers!

#tips #learn

remember to always have some liquidity on hand

dip -> buy -> recover -> trim to recover usdt -> dip -> buy -> cont.

tldr; buy low, sell high