This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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So you've finally taken the leap into DeFi and you're excited to be making some profits with your investments. However, you've noticed your $1000 LP tokens is sinking in value. What gives? Here are 3 reasons why you might be losing value:
As users pull/add money into pools, you'll see either your LP token value drop or gain, respectively. This is a normal occurrence with all pools. Do your research on the best token pairs/triplets in pools to ensure its a sound, long-term investment.
Pools consist of at least two token pairs (ex. ETH - USDC) and deposits into the pool is what helps created a borrowing/lending market. However, if your token pair is, for example, ETH - Squid Game Token, then chances are your pool is going to pump and dump at some point. Avoid phony, unknown tokens within pairs. Again, do your research on which pools have the best pairs for investment longevity.
The most obvious of the three reasons, if the market is going down, chances are your token pairs are losing value and hence your LP token value will shrink. If you're a long-hauler in crypto, then more than likely you wont panic sell to get out of the position. However, make sure you are ready to see your value dip for an extended amount of time. If you can't afford it, you might need to pull your money out and leave the fight for another day.
In the end, DeFi has some amazing opportunities to let your idle tokens/coins to earn some money back by staking or investing into pools. However, make sure you know what you are investing into and if you want short-term or long-term exposure. This will help you back out of your position if crypto days go a bit gray. Happy Investing Everyone!
Written by: nikethereum.eth / Medium / Mirror
So you've finally taken the leap into DeFi and you're excited to be making some profits with your investments. However, you've noticed your $1000 LP tokens is sinking in value. What gives? Here are 3 reasons why you might be losing value:
As users pull/add money into pools, you'll see either your LP token value drop or gain, respectively. This is a normal occurrence with all pools. Do your research on the best token pairs/triplets in pools to ensure its a sound, long-term investment.
Pools consist of at least two token pairs (ex. ETH - USDC) and deposits into the pool is what helps created a borrowing/lending market. However, if your token pair is, for example, ETH - Squid Game Token, then chances are your pool is going to pump and dump at some point. Avoid phony, unknown tokens within pairs. Again, do your research on which pools have the best pairs for investment longevity.
The most obvious of the three reasons, if the market is going down, chances are your token pairs are losing value and hence your LP token value will shrink. If you're a long-hauler in crypto, then more than likely you wont panic sell to get out of the position. However, make sure you are ready to see your value dip for an extended amount of time. If you can't afford it, you might need to pull your money out and leave the fight for another day.
In the end, DeFi has some amazing opportunities to let your idle tokens/coins to earn some money back by staking or investing into pools. However, make sure you know what you are investing into and if you want short-term or long-term exposure. This will help you back out of your position if crypto days go a bit gray. Happy Investing Everyone!
Written by: nikethereum.eth / Medium / Mirror
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