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@SapphireCrypto

@SapphireCrypto in September 2022

@SapphireCrypto

Bitcoin - In Desperate Need Of A Significant Decoupling **A Strange Asset** Bitcoin is a rather unique asset, being extremely volatile in the short term and yet displaying amazing returns over the longer term. Traditional investors are unable to accurately class and explain Bitcoin, which leaves the asset being classed along with risk-on assets. This is the obvious but yet not so obvious issue. Being a unique asset, it cannot truly be aligned with or classed alongside any…

@SapphireCrypto

Earning Multiple Streams Of Crypto Income Needs To Be A Passion! **Passion Fuels Creativity** When you consider an avid gardener, you will immediately think of someone who is always planning. In a similar way that a passionate gardener will begin imagining a “solution” for every barren piece of ground, a passionate investor seeks out “opportunity”. A passionate investor is always on the lookout for new and viable opportunities. Not only that, but a motivated investor will…

@SapphireCrypto

Human Incompetence - Blockchain's Biggest Selling Point **Constant Degradation** “Always look for the positive in every situation”, is a mindset that I have always held to. However, in modern society, it seems as if human effort, intelligence, and the application of “knowledge” are becoming more and more scarce. This is actually a lot more saddening than many may realize. Technology is booming and advancing at an alarming rate while human intelligence and intellect appear to…

@SapphireCrypto

Bull Market Strategy - Do You Have A Plan? **It’s Never Too Early** Planning your strategic approach to the next bull market is something that should begin now, while your emotions are safe. It’s actually the best time to begin considering how you are going to navigate your way through the next euphoric phase. It is extremely difficult to remain level-headed and objective when prices are skyrocketing. Unless you have a predefined plan, chances are you will not act. Yes, you…

@SapphireCrypto

Bitcoin Continues Down The Expected Path **No Surprises Here** Many are surprised to see BTC below $19K again and yet for some of us, this is exactly what we have been expecting. This is probably a good time to begin “analyzing” the voices you are paying attention to. Personally, I have taken mental note of many who have been consistently incorrect in terms of their predictions and outlooks throughout this bear market. Despite many having “good intentions”, it doesn’t really…

@SapphireCrypto

Retrospection **Looking Back** With all the negativity in the air regarding the macro environment, as well as a full-blown Crypto bear market, it’s good to think back on one’s own Crypto journey. I suppose for newcomers it can be a bit of a “sad story”. However, time spent in this market does tend to be rather rewarding over the long term. No matter how much money you throw at this market you can’t escape the dynamic of time. You can’t “buy your way” when it comes to time in…

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The Effects Of Crypto Regulation & Taxation **On/Off** The Crypto space has garnered a significant amount of attention over the past couple of years. As a result, we have seen laws and regulations being implemented across the globe. What has been even more disturbing is the inconsistency. Laws being passed and then abandoned, only to be replaced by new and ever-changing policies have left many feeling uncertain. When your entire income is reliant upon Crypto, it becomes a…

@SapphireCrypto

A Risk-Off Environment Only Tolerates Momentary Upside **Bitcoin Will Surge Again** Hopefully, people are now beginning to understand the current fragility of the Crypto market. This is not an isolated scenario, all markets are extremely fragile at the moment. It’s a risk-off environment, which means “Smart Money” is not looking to buy just yet. There may be a few nibbles but markets are not moved by nibbles. What we have seen and are likely to continue experiencing are…

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HBD - A High-Interest Savings Account You Actually Own **Savings Or Investment?** Savings accounts usually pay extremely low-interest rates. It is actually rather difficult to think of them as savings accounts, especially when you consider inflation. If inflation is actually eating away at your savings over time then you aren’t actually saving, are you? That’s where Hives HBD “stablecoin” offers quite an exciting solution for those who believe in the Hive ecosystem and…

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Shaking The Web 2 Mindset **Preconditioned** So, what really differentiates Web 3 from Web 2? Well, decentralization for one, and in terms of social media, censorship resistance. Everyone is an advocate of decentralization and Web 3. However, I find many still viewing Web 3 through the eyes of Web 2, which is actually counterintuitive. Embracing Web 3 will require a fresh perspective. Many are approaching a new “protocol” with an old perspective. This can be limiting in…

@SapphireCrypto

Time To Rethink Your Crypto Income Strategy? **The Birthplace Of Creativity** When markets move lower than expected, and for longer than expected, many find themselves in a challenging position. Simply buying Crypto assets as a speculator is not something that is going to be paying off anytime soon. Forget about 20% rallies, these moves are trades and not investment opportunities. I have **addressed this** a few times over the course of this bear market. If you are a skilled…

@SapphireCrypto

Bitcoin Is Waiting For A Very Specific Disaster **When Things Go Wrong** Looking back to March of 2020 reveals exactly how dangerous leverage can be. It also reveals that in the moment of disaster, Bitcoin and the broader Crypto market take the hardest blow. However, once a capitulation event has occurred, Crypto generally offers the best odds. Something that you have to be aware of is that many traditional investors are still simply “testing the waters” when it comes to…

@SapphireCrypto

I Will Eventually Flip Bullish On ETH... Just Not Yet! **It’s No Secret** My regular readers will know that I have not placed much hope in a Merge rally. I went short just below $2K during the recent pump. I have consistently opened new shorts at various levels since then. It’s not that I don’t see value or potential for ETH, but simply that I am honoring higher-level indicators. ETH has managed a fairly impressive run when you consider the environment. Had it not been for…

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Build When Nobody Cares **The Time Is Now** It’s difficult to imagine how things will look in the future. However, one thing is for sure, unless we build now, we will have nothing tomorrow. This very basic principle seems to elude many. Not only is this the best time to BUIDL, but it’s also the “cheapest”. Building in the Crypto space often requires the acquisition of digital assets. These assets are on sale and are likely to become even cheaper! It can be somewhat…

@SapphireCrypto

Ideas For The Next Cycle Top **Staying Ahead Of The Pack** If you wish to capitalize and take full advantage of the next cycle peak, then you have to begin formulating strategies now. Being ahead of the market will often appear as being “out of touch”. When I look at many of the comments during the time I chose to short ETH at approximately $2K, it is apparent that many thought that I did not understand what was playing out. In hindsight, it is clear that $2K was the top of…

@SapphireCrypto

Contrarian Or Realist? **Not Necessarily A Rule** It was not that long ago that market participants were extremely bullish regarding Bitcoin and the broader Crypto market. There were many calling for $30K and even $35K in the immediate short term. The general consensus was that Bitcoin would not revisit sub $20K again and that ultimately, we were heading higher. It’s easy now for everyone to acknowledge that this is not going to happen, especially after falling below $19K…

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ETH Just Made Me More Bullish On Certain Layer 1 Alternatives **A Done Deal** Well, the ETH Merge is now history and proved to be a bit of a non-event, in terms of price appreciation. With the price of ETH currently trading at the $1300 level, I am sure there are a few disappointed investors out there. ETH was at one point, my largest holding. I began moving out of ETH between $4200 and $3000 some time back. I still hold ETH, but not much. Initially, I had considered…

@SapphireCrypto

Bitcoin Dominance - It's Not Quite As It Seems **Generally A Good Indicator** Bitcoin dominance is often utilized, especially by traders looking to discern the next altcoin season or rally. It has been a fairly good indicator over the years and still holds incredible importance when it comes to navigating the altcoin market. If you are one of my more regular readers, you will be aware of my “rule” when it comes to indicators: Never use a single indicator in isolation. I am a…

@SapphireCrypto

Crypto - It's Time For The Speculators To Make Way For The Earners **No Stability To Be Found** Financial markets and economies are in a state of chaos, despite the reassurances being offered by certain politicians and the like. I understand that the primary objective is not to cause alarm and panic. However, how can citizens prepare themselves if they are led to believe that everything will simply be ironed out over time? Sometimes you need a bit of a shock, in order to…

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Regulation - Governments Accidently Initiate Population Restructuring **The Push Continues** There has been a lot of talk regarding the proposed banning of algo-based stablecoins in the US. This may come as a surprise to some, but for the majority of us, we have been expecting this, and more! This is the only path that governments are willing to walk with regulators. As mentioned in a **recent post**, overbearing **regulation** and taxation will inevitably have a significant…

@SapphireCrypto

Leofinance - A Point Of Reference **Crypto Twitter Is A Joke** Apart from a handful of accounts, CT is an absolute joke. I could never spend endless hours perusing the content that is consumed and published on CT. For the most part, it’s just a continuous flow of single isolated indicators suggesting that BTC is about to moon. When you consider how wealthy some of these guys are, you realize exactly how they make their money. It’s definitely not by being accurate. As I…

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Understanding The Relativity Dynamic That Dictates Price **Laws That Govern** All markets are binary in nature and operate on multiple levels of relativity. These are inherent laws, or dynamics if you will that govern and direct markets. Most are aware of the fundamental and most basic relativity ratio that decides price. The dynamic of BUY versus SELL. If the selling pressure surpasses the support created by buyers, the price will inevitably drop, and vice versa. Strong…

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Creating Wealth On The Blockchain **The “Value” Shift** I have seen @taskmaster4450 often refer to what is happening within the Crypto space as the age of abundance, or the economy of abundance. I have often referred to it as the “incentivized economy”. However you choose to view it, one thing is certain, this is where value and wealth are being created. For many years now, “data” has been seen as valuable, and desirable. The constant breakthroughs within the blockchain…

@SapphireCrypto

Bitcoin - Let's Get Back To The Charts **Time For An Update** I have not presented any **technical analysis** for a week or so, due to the fact that nothing had really changed. In many ways that is still the case. There are a number of traders out there who are becoming rather bullish with October only a few days away. October is statistically a bullish month, and with all the negativity of late, I believe many are expecting a bounce. I definitely would not rule that out,…

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The Dollar - Investors Vote With Their Wallets **DXY Continues To Surge** It has long been said that in times of trouble and uncertainty, investors move into gold, as a safe haven asset. This trend has been silently dying, in my opinion. The idea that gold is no longer a **store of value** is something that I have addressed at length in some of my earlier publications. For those who missed out, I would just like to reiterate that **gold has not appreciated in dollar terms…

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Crypto Is About To Enter A Sweet Spot **Incorrectly Interpreting Data** Leading up to the Merge, many were extremely bullish. **Ethereum had just hit $2K** and it had just been announced that BlackRock was about to enter the space in a very “real” way. Long-term, this is bullish. However, in the short term, it was a clear sell indicator. The majority of the market interpreted this incorrectly, and as a result, lost money. **Ethereum** is currently trading at $1274 at the…

@SapphireCrypto

Regulatory Uncertainty Enhances Market Weakness - An Easy Hand To Play **Driving Forces** Markets are directed by rather **simple dynamics**, which are in many ways aimed at influencing the emotions of market participants. If you want to see the price of tomatoes go through the roof, create a shortage. If you want to see the share price of a certain stock fall, simply restrict business operations in one way or another. This will ultimately produce weak results and earnings,…