"A16z, a VC company with investments in Protocol Labs, Polychain Capital and Opensea among others, is now planning to raise $4.5 billion for its latest fund which is focused solely on cryptocurrencies, according to a report by U.K newspaper Financial Times."

if you're in the space rn, I congratulate you because you're in before crypto hits the S curve

huge injections are coming into the space

if you're still browsing and looking from outside, do consider taking a step in to explore

see y'all at the top

#wagmi

https://cointelegraph.com/news/andreessen-horowitz-aims-to-raise-4-5-billion-to-invest-in-crypto-funds?utm_source=Telegram&utm_medium=social

CBDC debate

probs why the market tanked

https://www.reuters.com/business/fed-lays-out-risks-benefits-cbdc-paper-takes-no-policy-stance-2022-01-20/

I expect the whales to start buying here @ 38k from the last update ^

to be clear, the Fed is just accepting feedback until May 20th and currently has no stance

https://www.investing.com/news/cryptocurrency-news/fed-takes-key-step-in-deciding-on-us-digitalcoin-issuance-2744134#

just finished watching this interview and it gives clarity on the macro perspectives of things

i'd say p beginner friendly as well so worth a watch in your free time (~1 hour of downloading knowledge)

points covered:
bond markets
inflation
Fed's perspectives
signaling and forward guidance
how to manage your portfolio
future of crypto

https://youtu.be/xdnMBzMPmqw

enjoy!

scooped up some $DPX and $rDPX in the dip

doing single side staking here as well

DopEx is a decentralized options exchange

site: https://www.dopex.io/

this is a gigabrain project so you have to really read to understand the papers and mechanisms

i'd say i'm only 80% clear on this proj but definitely worth some exposure imo

some links on DopEx:
Dopexpedia
Dopex Academy

if you followed into RBN before the pump then you'll see some similarities with DPX as they are both derivative protocols

it's a growing space to look out for

I won't be buying dips and will just be holding what I currently have (long term bags please continue to dca)

will only be buying dips in DPX,rDPX, and METIS

consider staking some stables here for 100+% APR while it lasts

3b in a matter of few hours of launch

a vampire attack on veDAO that I shared before

https://www.oxdao.fi/

if you're greatly affected by this crash

let this be a learning lesson especially if you're new to crypto

mentioned many many times before that unrealised profits =/= profits

always remember to take some profits/initial capital out or trim simply because of the volatility in crypto (except long term bags of course)

some would liken btc to high beta tech stocks and alts to high beta btc which works too —> crypto moves fast

also, never invest money that you can't afford to lose (don't ape your bank)

whether it's a bear market from here on out or not, I'm sure you'll come back stronger (and more wealthy)
_____

keep the faith and dca on your high conviction bets in the bear market

crypto is definitely here to stay

"bull markets make people rich, bear markets make people wealthy"

hope you guys are well 🙂

I've also received some enquiries on joining trade pals this month

I took the bot down as I wasn't accepting new members for January, but I will open trade pals again coming Feb

some important updates to trade pals:
I'll still be trading on cex but probably not as often as I used to (old-timers would know) and it'll be swing trades not scalps

so if you want signals everyday and stuff then I'm sorry trade pals might not be the best place for you because it's just me sharing my trades and knowledge and NOT a signal group

I'll be venturing more into the DeFi space for several reasons:
1. bigger gains
2. more passive (i love it when my money works for me)
3. money to be made bull/bear
4. my work will be more focused on DeFi

I'll still gladly coach and advise on trading because that is one of the reasons I started trade pals so if you're keen on learning TA etc. then feel free to join

the members have learned quite a bit and some are improving well trading themselves now as well

and yes, on point 4 I'm now interning at delphidigital.io and super stoked to learn from the gigabrains and download alpha 🙏🏼

fees will be adjusted and will still be affordable as usual, but I've yet to fix a price so stay tuned for the update if you're keen

yes ser and now we just flipped AVAX and SOL TVL 😮‍💨

probably pushed by the tvl wars for the top 20 tvl snapshot as well

but hey, good stuff!

https://dailyhodl.com/2022/01/23/ethereum-rival-fantom-ftm-overtakes-solana-sol-and-avalanche-avax-to-become-fourth-largest-blockchain-by-total-value-locked/

the bot is back up!

please head over to @cmsub_bot to sign up if you're keen

just type in 'hi' to start up the bot 👋🏼

fees will be 22sgd/17usdt per month

opened a 3-month option as well for 60sgd/45usdt

see you inside!

reasons why I'm not buying dips:

it's easy to fall into the usual crypto "BTFD" or get pressured by CT or cryptoheads buying every dip

but unless you are gunning for the long run (10-20years) it doesn't make sense to buy every single dip esp when the dip dips further (iykyk)

macro wise it's honestly not looking v good wrt i/r hikes, paper on cbdc, russia's hands, etc.

many investors are going risk off because the moment crypto got institutionalised and adopted, it was added to the end of the spectrum as 'high beta tech stocks'

why opt for risky investments when i can get safer investments with decent returns too?

yes, I believe crypto will decouple from equities eventually but not in the near future imo so for now we'll just have to suck thumb when equity market takes a hit

i'd rather buy back in late upon confirmation and lose some potential % gains than buying every dip and suffering the consequences of blindly calling "BUY THE DIP" (im still dca-ing my long term bags these are good prices)

hence, I'm all hands for now

best to wait for the next fomc meeting on 25/1 before the next action

as mentioned I only bought dips in some specific projects as I want to build my exposure + I believe these projects will run in due time

tldr; don't blindly buy dips if you're not in it for the long run

p.s. watch the podcast to understand what issues the fed is facing to understand the macro economy

here: https://news.1rj.ru/str/cryptomumbles/2278

there is no bear market in crypto

you're probably just looking in the wrong place

https://twitter.com/tztokchad/status/1485415191944830981?s=20

if you really wish to make money in crypto

you need to educate yourself about the space and protocols etc.

if you're going to try follow influencers and chase meta after it's already running up (rule of thumb: if it's on tiktok then thats a top signal) then ngmi

educate yourself and make high conviction bets (while risk managing) and HODL until the thesis changes

it might take months or years to see fruition but that's where you accumulate when everyone else is like "oh bear market im out no money to be made anymore" (lazy mindset)

there are SO many possibilities to earn in crypto even in bear markets (more than equities) so it really depends on how much you want it

or you prefer letting your bank pay you 2% APYs (idek if they pay that high anymore) that's fine too (not referring to your 6-months liquidity)

just sick of people saying they want to make money in crypto but can't be bothered to educate themselves about the space

or if they expect to become a millionaire overnight by apeing their banks (tbh it's better if you go to a casino)

work hard! CM will be here sharing and growing w you too

and one day I'll see y'all at the top

#wagmi

(this isn't directed to anyone specifically, but if the shoe fits then-)

alright then-

source

CM's new discord!

why the new platform?
- sub-channels! (defi, nft, trading, etc.)
- neater compartmentalization (reads, news, updates, etc.)
- discussion chats on different topics
- assigning of roles

I'll be running both platforms so no worries as I know telegram is still the most convenient for updates

https://discord.gg/Zd7JftdDWD

see y'all there!