@R23
@R23
May Can't Be Worse Than April... Right? Image Source https://economictimes.indiatimes.com/markets/stocks/news/d-word-rears-head-as-coronavirus-hit-markets-brace-for-recession/articleshow/74668298.cms Well April did not treat the cryptocurrency world too well. At the bottom of this article is a chart that shows the trajectory of the global marketcap for cryptocurrency. The markets are showing that in US Dollar value, crypto lost almost half a trillion dollars of value over…
@R23
Cub and Polycub Are Down Bad... Opportunity Of A Lifetime? I can't say I'm overly happy about the USD value of CUB and Polycub as an investor being down around 60-70% on each token, but on the bright side there are some positives to this situation. The Positives Short-Term Price Offers Accumulation Opportunity: Well we often talk about how the dollar value of a cryptocurrency is relatively unimportant in the short term as we are investing for long term holds... It is true,…
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RUNE - A Resilient Token If I had to point to one cryptocurrency that has taken an absolute beating as of late, I would easily say that it was RUNE. In the last month, we've seen it shed approximately half of it's value in USD, going from roughly $12 to a little over $6 at this point. At a wider scale, Rune has experienced some crazy ups and downs throughout the last year as well. Not only did it go through the ups and downs of the market at large, but the protocol also…
@R23
Do Your Own Research... But How Much? Image Source https://thinkingispower.com/the-problem-with-doing-your-own-research/ Intro "Do your own research" This is something that we hear over and over again in financial articles, mainly within articles highlighting a specific investment in order to shield the author from blame if they are completely wrong. Well... How many of us do our own research to a degree that is actually impactful? If an "expert" in a field recommends doing…
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Ignore Short-Term Misfortune I have written about this in the past, but it continues to hold true, you literally cannot time the market. Every indicator, technical analysis, prediction, stock-to-flow chart, etc. will not help you determine what will actually happen in the market. I literally feel like every cryptocurrency meme that has ever been made because as soon as I purchase an asset it seems to crash 5-10% haha. Well though it sucks to see the USD value changing in the…
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Invest In Knowledge Image Source https://www.bigstockphoto.com/image-405017018/stock-photo-time-to-invest-in-knowledge-books-with-text-invest-in-knowledge-on-beautiful-white-background-ho A New Goal One thing that I have been really on myself recently about is taking the time to read more. I think that going to school for so many years really beat the life out of reading and acquiring knowledge. I went from someone who enjoyed learning about many different topics to someone…
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At Least We Can Laugh - Some Memes For Your Sunday Image Source https://knowyourmeme.com/photos/1781033-2020-stock-market-crash I can't say it was a great feeling to buy crypto on Thursday and then watch the markets immediately proceed to tumble 10-15%. At the same time, I am investing every other week at a specific time, so the price at that moment is beyond my control, I am simply sticking with the plan. I am trying my best to be the guy who says it is ok that the prices…
@R23
We're All Down Bad, It's Fine Monday morning is time to get back to work. #Bitcoin pic.twitter.com/JlufLXRT9W https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw https://t.co/JlufLXRT9W — Michael Saylor⚡️ (@saylor) May 9, 2022 https://leofinance.io/@saylor https://twitter.com/saylor/status/1523646766549434373?ref_src=twsrc%5Etfw I saw this tweet this morning and knew that I had to share it on here before the end of the day, it was too funny. The Wojak memes made…
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A Huge Bitcoin Hater Image Source https://www.google.com/url?sa=i&url=https%3A%2F%2Fmedium.com%2Fcoinscapture%2F7-most-popular-bitcoin-haters-385434424836&psig=AOvVaw3lBQC3jGAPQrfkLEgxY5rl&ust=1652287222058000&source=images&cd=vfe&ved=0CAwQjRxqFwoTCOjQ3s--1fcCFQAAAAAdAAAAABAD This Bloomberg Article might have been written by a top 5 Bitcoin hater of all time. https://www.bloomberg.com/opinion/articles/2022-05-10/bitcoin-price-what-the-crypto-crash-means-for-investors I…
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REKT Too Many Times Image Source https://www.investopedia.com/terms/l/liquidatingdividend.asp Well here we are everyone. We are getting absolutely destroyed in dollar value throughout the markets right now, and yet I was still feeling confident enough to take some risks. Here are the three posisitions that I had liquidated just in the last 24 hours: Went long on RUNE @ 5.65 10x Went long on LUNA at 29.45 10x Went long on RUNE @ 4.55 5x After getting REKT in the two 10x…
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Stack, Get Dumped On, Repeat I believe I have bought the dip 7 or 8 times in the last three days or so. I was liquidated on all my leverage plays and destroyed on all my spot plays (thus far). The good news... There's more dip to buy... The bad news... There will be another dip... I am trying to keep a positive mindset through it all, but it does start to wear on you when your $100 investment hits $50 just a few hours later. I have been buying more when it hits that low…
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How Are You Playing The Luna Bottom? Let me first start off by saying that I thought I was playing the bottom at least 5 times already and will probably be wrong in assuming we are near the bottom again now because I just can't seem to predict what is happening with this token. I called bottom at $0.47 I called bottom at $0.23 I called bottom at $0.10 I called bottom at $0.01 I called bottom at $0.001 I was wrong all of these times, so don't take my rantings as financial…
@R23
LUNA Shows Dangers Of Holding On Exchanges This Luna catastrophe has brought along with it quite a few valuable lessons for investors. Beyond the concept that investing all of your eggs in one basket being dangerous, we have seen a lot of centralized damage control playing out and trapping some users in the process. Binance We saw Binance delist LUNA from the perpetual exchange and also freeze up the purchase and sale of LUNA on the platform. With this, it also froze…
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Bitcoin - Stability In A Chaotic Market I saw a report just after the LUNA fiasco that the LFG had sold almost all of their BTC reserve (roughly 40,000 BTC) in order to continue to try to re-peg UST. That means that within just a few days, BTC withstood a huge percentage of it's supply being sold off without crashing completely into the ground. Sure we saw some 5-10% swings, but we didn't see it melt down and hurt millions of holders. This "stress-test" as it has been called…
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Splinterlands Is Looking Like A Good Investment SPS News Currently there is a ton of hype about the increase in the APR Splinterlands is delivering on staked SPS. It has almost doubled as they have started to include vouchers in the yield and as I have discussed in the past, there are many opportunities for those vouchers to be useful in the future. Additionally, they have just done a bunch of work on SPS validator nodes and there has been a few private sales of SPS tokens.…
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Anyone Investing In Tezos? I'm looking at opening a small position up in a token called Tezos. I have obviously been hearing about Tezos for a while as it has been a pretty big-sized altcoin for a while, but I have never really taken much of a deep look about what it does/seeks to accomplish in the future. What Is Tezos? Tezos is another web 3.0 blockchain that seeks to provide a space for the creation/implementation of smart contracts. It looks to be a really useful…
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Delete Your Portfolio Tracker Set It And Forget It I have been writing a bit about how looking at things heading towards the red can be a bittersweet process. On one hand you are getting another buying opportunity, but on the other hand, your investments are losing dollar value. One way that I have really cleaned up my morale about this continuing situation has been deleting my portfolio tracker from my phone. Whether you use Coinmarketcap, Coingecko or something else, a lot…
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Bitcoin Is Venice: A New BTC Classic A New Book I'm excited because I've just gotten into a new book that is becoming quite the page turner. "Bitcoin Is Venice" by Allen Farrington and Sacha Meyers seeks to draw parallels between the disruptive nature of the Venetian markets of pre-Renaissance Italy and Bitcoin of today's economy. A lot of the time when I read books that focus on history, notably political or economic history, they tend to be quite dry in my opinion. A lot…
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Markets Can Flip In An Instant Image Source https://www.stash.com/learn/volatility-market-unpredictable/ Inefficiencies The more time I spend reading about and participating in financial markets such as the stock or crypto market, it becomes more and more apparent just how sensitive the markets actually are. With just a word or a rumor here or there, a market can completely pivot the direction that it is moving in. That is the case it seems because of how inefficient they…
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Focusing On ONE Thing Backstory I have always found it wildly difficult to maintain focus on projects for more than a few days. With that being said, there are many things that I have been working on for a longer period of time (i.e. @dunksocial or my web 3.0 personal blogging), but most entrepreneurial ideas or new routines/habits I come up with fizzle out after a few weeks. https://leofinance.io/@dunksocial That doesn't mean that I don't accomplish things, but I have…
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If You Can't Build, Then Write Image Source https://www.inc.com/jessica-stillman/3-reasons-writing-is-great-for-your-mental-health.html The Meaning One thing that keeps coming up during this bear market is the concept that we need to keep building. Now I view that in two different lights. On one hand, building to me in the concept of continuing to work on a project/protocol/ecosystem during a time when the profits may not be rolling in. On the other hand, it can also refer…
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Difficult But Rewarding BTC Savings Experiment I was formulating ways to increase the amount of Bitcoin I was able to stack and came to a spending conclusion that could prove to be quite rewarding over a long stretch... Though difficult. The Idea Well basically, I was thinking that if I were able to have purchased Bitcoin with all the money that I spend on food, drinks and entertainment, I would be in a pretty good spot with stacking sats. That inspired me to come to the…
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A Long Weekend - Bitcoin Matching Paid Off Image Source https://holidayweekend.bandcamp.com/album/holiday-weekend I'm Broke Well I am officially broke... In US Dollars. I stuck with my original plan of attempting to match purchases I make on nightlife with purchases of Bitcoin. What I failed to realize is that there was a four night holiday weekend coming up that we would be spending in a beach town and absolutely destroying our bank accounts hitting the bars. The good news…