Bitcoin Weekly (5/2/2022) Welcome to another edition of Bitcoin Weekly, here we will get you up-to-date on everything Bitcoin (BTC). Last week the "king of crypto" was down again closing out a poor month of April. For the month, bitcoin was down 15.5% which set the tone for cryptocurrency in general which was down about 20% on average. US stocks all saw down months with the Dow down 4.9%, the S&P 500 down 8.8% and the NASDAQ down 13.3%, the largest drop for the tech heavy…
Fed announces largest interest rate hike in over two decades The Federal Reserve (Fed) raised interest rates by 0.50% today, the largest such increase since May 2000. The largest move in 22 years was made in an effort to dampen inflation that is running at a four-decade high that is hitting American's wallets hard and was approved unanimously by voting members. This is the most aggressive rate move by the Fed in over two decades as their hawkish stance meant a doubling of…
Correlation Sucks! US stocks dive and crypto dives right after them After the Federal Reserve's rate hike announcement yesterday stocks and crypto saw a brief relief rally despite the largest interest rate increase in more than two decades. Today, as the nation celebrates Cinco De Mayo, stocks tumbled with crypto following close being. Stocks fell sharply losing 5% of value early in trading today and crypto charts virtually mirrored those movements. The correlation is real!…
How much are you making per minute? I've have always been pretty narrow in my way of looking at money and income, associating both with time. Time, as they say, equals money. The two main drivers of my way of thinking involved income from time spent working and asset growth over time. Getting into crypto and DeFi has opened up a whole new way of looking at income, specifically passive income, and how it is measure in time. The biggest influence on how I look at money…
Bitcoin Weekly (5/9/2022) It is my fault - sorry... I started publishing the Bitcoin Weekly on April 4th and Bitcoin has been in the red ever since. Red candle after red candle with the only constant being my weekly article on Bitcoin. I'd say the correlation is pretty obvious and again I apologize. I typically write this article hours before publishing it and I had to go in and correct the weekly low time and time again. Welcome to another edition of Bitcoin Weekly, here we…
UST is T-E-R-R-A-ble The price of the algorithmic stablecoin UST has fallen dramatically below peg and looks like it may never recover or be able to recover in the future if it does indeed somehow reach the $1 mark this time. Stablecoins coming a little off of peg is nothing new. Recently we saw a drop down below $0.30 in UST which is very disconcerting and disheartening for those holding the coin or Luna which is is intertwined with. *Note: I actually started writing this…
Friday the 13th lucky after all - free Project Galaxy tokens appear in my wallet Happy Friday the 13th - it was a nice end to a tough week in crypto for me. It could have been much worse, I could have been a holder of UST or LUNA and really feel for those who had a large chunk of their portfolio anywhere on the Terra Network. I had some losses with my two major holdings in crypto being Bitcoin and Ethereum, but suspect I fared much better than most given all the carnage that…
Bitcoin Weekly (5/16/2022) Bitcoin was in the red for a record seventh-consecutive week since our last edition of Bitcoin weekly. Last week the "king of crypto" took a mighty fall on Monday and has struggled to stay above the $30K mark. It was a very tough week that started with the bloodbath in the Terra network around its native token LUNA which lost over 99% of its value and the stablecoin UST which lost its peg and plenty more falling to one-fifth of its value. The…
What this crypto crash has taught me I still consider myself new to this whole crypto thing. I'm a couple days away from hitting my six month anniversary in crypto which started by fruitless mining crypto on an old laptop and has taken me on a winding path I never envisioned. Think back six months, crypto was at its peak and everything was green candles shooting every skyward. And then I entered the market, perhaps it is all my fault after all and for that I am truly sorry.…
Crypto Journey - My Sixth Month Anniversary in Crypto Six months ago to the day, before I first fired up an old laptop and figured out how to start mining some Dogecoin, I knew nothing about crypto. I've learned quite a bit since November 20th, 2021 and a lot has changed since then. I checked the Bitcoin (BTC) price for the first time that day and it stood at $60,082. In the news that Friday they announced the first known COVID case came from a vendor at the Wuhan market.…
Easy SuperStep Airdrop - Free 1,000 tokens and a NFT One small step for man, one SuperStep for fitness! I'm haven't been that big into airdrops. The few that I have done have had a lot of steps and on many you are still just entered to win. You have to sign up on the airdrop page, follow the project on Twitter, Discord, Telegram, Facebook along with a host of other requirements. Honestly, they are just a pain. Today I found an airdrop that was actually very simple and just…
Bitcoin Weekly (5/23/2022) Bitcoin was in the red for a record eighth-consecutive last week. Last week the "king of crypto" clung close to the $30K level for much of the week never going to much below or too high deciding that level was just about right. When Bitcoin was hovering back over the $30K mark, analyst were calling it all sorts of things from a technical standpoint - relief rally, bear market retest, dead cat bounce, feel free to take you pick. The real question is…
Yield Farming Chapter One - What is Yield Farming? This is chapter one in a series of articles that will be released about yield farming. The purpose of this series is to introduce the concept of yield farming to those who are unfamiliar with it, then move into various yield farming strategies and finally step-by-step walkthrough of the process. I hope you enjoy the series and any feedback you have would be greatly appreciated. **Chapter One - What is Yield Farming?** *Yield…
Yield Farming Chapter Two - Decentralized Finance This is Chapter Two, focused on Decentralized Finance, in a series of articles that will be released about yield farming. The purpose of this series is to introduce the concept of yield farming to those who are unfamiliar with it, then move into various yield farming strategies and finally step-by-step walkthrough of the process. I hope you enjoy the series and any feedback you have would be greatly appreciated. **Chapter Two…
Yield Farming Chapter Three - Automated Market Maker This is Chapter Three, focused on Automated Market Maker, in a series of articles that will be released about yield farming. The purpose of this series is to introduce the concept of yield farming to those who are unfamiliar with it, then move into various yield farming strategies and finally step-by-step walkthrough of the process. I hope you enjoy the series and any feedback you have would be greatly appreciated.…
Yield Farming Chapter Four - Liquidity Pools This is Chapter Four, focused on Liquidity Pools, in a series of articles that will be released about yield farming. The purpose of this series is to introduce the concept of yield farming to those who are unfamiliar with it, then move into various yield farming strategies and finally step-by-step walkthrough of the process. I hope you enjoy the series and any feedback you have would be greatly appreciated. **Chapter Four -…
Bitcoin Weekly (5/30/2022) Hello $30K! Welcome back to Bitcoin Weekly as we close out a difficult May with some positive momentum. Last week the "king of crypto" finally topped $30K level at the time of this articles publication and was actually over $31K. Technically as measured on a weekly basis from a timing standpoint Bitcoin (BTC) fell for a record ninth consecutive week. While the bearish candle was red for the ninth week in a row, there are some mixed technical…
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