xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11The only way
Technology isn't always directly translate to what we desire it to become. For example, we wish social media to become a place to keep in touch of others but it created another whole new level of distrust and misinformation that spread like a Pandemic. Be careful of your wishes! Like AI we think they can bring up a new level of the game in the creative industry and possibly to replace writers like you and me, but can they? It seems they are very powerful to execute what we want them to, ...
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If Bitcoin needs to work, it must maintain a negative dollar correlation. But it needs to perform the way it should be consistent.
ChatGPT gave a reason that:
Bitcoin and the US dollar do not have a fixed correlation and can move independently of each other. However, historically, the value of Bitcoin has been negatively correlated to the value of the US dollar. This means that when the value of the US dollar increases, the value of Bitcoin tends to decrease, and vice versa. But this is not always the case, as the crypto market is highly volatile and many factors can impact on the value of Bitcoin, such as regulations, adoption, and market sentiment.
If Bitcoin will survive in the long term, it has to perform a negative correlation with the dollar index.
The past bull market has shown that Bitcoin has tracked the stock market particularly tech stocks which makes Bitcoin unsustainable and grow too fast to exhaust its momentum.
As a result, it crashes faster than any tech stock.
Bitcoin needs to focus on its fundamentals to bring back the narrative, or it will loss in the long term.
Photo by Karine Avetisyan on Unsplash
If Bitcoin needs to work, it must maintain a negative dollar correlation. But it needs to perform the way it should be consistent.
ChatGPT gave a reason that:
Bitcoin and the US dollar do not have a fixed correlation and can move independently of each other. However, historically, the value of Bitcoin has been negatively correlated to the value of the US dollar. This means that when the value of the US dollar increases, the value of Bitcoin tends to decrease, and vice versa. But this is not always the case, as the crypto market is highly volatile and many factors can impact on the value of Bitcoin, such as regulations, adoption, and market sentiment.
If Bitcoin will survive in the long term, it has to perform a negative correlation with the dollar index.
The past bull market has shown that Bitcoin has tracked the stock market particularly tech stocks which makes Bitcoin unsustainable and grow too fast to exhaust its momentum.
As a result, it crashes faster than any tech stock.
Bitcoin needs to focus on its fundamentals to bring back the narrative, or it will loss in the long term.
Photo by Karine Avetisyan on Unsplash
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