The Merge is Here
Last update, we had just witnessed one aggressive liquidation cascade caused by the Terra/UST collapse, to soon be followed by a second, equally aggressive move lower as 3 Arrows Capital imploded as a secondary result. Now “The Merge is here” and I’m not sure the hype is unwarranted. At the root level, the change from Proof of Work (Pow) to Proof of Stake should make Ethereum simultaneously more secure AND more efficient. There has been hours of blogs written on the upcoming impacts so I won’...
The Merge is Here
Last update, we had just witnessed one aggressive liquidation cascade caused by the Terra/UST collapse, to soon be followed by a second, equally aggressive move lower as 3 Arrows Capital imploded as a secondary result. Now “The Merge is here” and I’m not sure the hype is unwarranted. At the root level, the change from Proof of Work (Pow) to Proof of Stake should make Ethereum simultaneously more secure AND more efficient. There has been hours of blogs written on the upcoming impacts so I won’...
It’s Almost June
Not that June means anything in itself, but it’s not May. Hopefully, June provides some time to digest recent events. I think it’s likely we see some more chop before resuming a trend in any direction, but in the meantime, BTC found a small bit of demand, catching a relief bounce of about 13% over that last few days.BTC, weeklyMeanwhile, the DXY is in it’s first drawback of any consequence since it dropped about 4% from March 31 through May 25 in 2021. In fact, the DXY has been in a range bet...
It’s Almost June
Not that June means anything in itself, but it’s not May. Hopefully, June provides some time to digest recent events. I think it’s likely we see some more chop before resuming a trend in any direction, but in the meantime, BTC found a small bit of demand, catching a relief bounce of about 13% over that last few days.BTC, weeklyMeanwhile, the DXY is in it’s first drawback of any consequence since it dropped about 4% from March 31 through May 25 in 2021. In fact, the DXY has been in a range bet...
Time to Buy?
It’s been 77 days since my last post and depending where you draw the line, ETH is either down 22% or 30% (ETH ended up 8% on March 8). Sounds bad and feels worse, especially after the news over the last few months like UST breaking it’s peg, Luna collapsing (but I repeat myself), and the relentless 47% drop in BTC from between March 28 and May 12. Indeed, it was on May 12 that BTC broke through the range low it has traded in since January 2021, missing my randomly timed green box by two week...
Time to Buy?
It’s been 77 days since my last post and depending where you draw the line, ETH is either down 22% or 30% (ETH ended up 8% on March 8). Sounds bad and feels worse, especially after the news over the last few months like UST breaking it’s peg, Luna collapsing (but I repeat myself), and the relentless 47% drop in BTC from between March 28 and May 12. Indeed, it was on May 12 that BTC broke through the range low it has traded in since January 2021, missing my randomly timed green box by two week...
Market Recap— Mar 8, 2022
Also: February Recap and Fantom Network Geopolitical headline have dominated the markets for the last few weeks as Russia invaded Ukraine and volatility across all asset classes to spike. Commodity markets are disconnecting in violent short covering rallies, the S&P 500 is off over 14%, and rate markets have already tightened financial conditions beyond anything the Fed could hope accomplish out of their March meeting. Zero Hedge is calling for all out disaster, which is nothing new, but it’s...
Market Recap— Mar 8, 2022
Also: February Recap and Fantom Network Geopolitical headline have dominated the markets for the last few weeks as Russia invaded Ukraine and volatility across all asset classes to spike. Commodity markets are disconnecting in violent short covering rallies, the S&P 500 is off over 14%, and rate markets have already tightened financial conditions beyond anything the Fed could hope accomplish out of their March meeting. Zero Hedge is calling for all out disaster, which is nothing new, but it’s...
How Do I Make Money in Crypto, Part 2
First of all, the title for this post is misleading. I actually only know about some of the tools you can use to make money. You can also use those same tools to lose money. Perhaps all of it. So think of this as a rhetorical exercise…if I had all the answers I would probably be on a beach somewhere. Back to the question above - A few weeks ago, I provided some examples of finding yield in crypto. Almost all of those ideas involved protocols built on Ethereum, which makes sense given the gene...
How Do I Make Money in Crypto, Part 2
First of all, the title for this post is misleading. I actually only know about some of the tools you can use to make money. You can also use those same tools to lose money. Perhaps all of it. So think of this as a rhetorical exercise…if I had all the answers I would probably be on a beach somewhere. Back to the question above - A few weeks ago, I provided some examples of finding yield in crypto. Almost all of those ideas involved protocols built on Ethereum, which makes sense given the gene...
