🧘♂️Recap: Crypto Week of Mar. 22
Market Meditations | March 27, 2021
It’s not that you want to miss the latest crypto news and insights. These things happen.
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Is This The Top? This week has been ripe with panic given the recent dip in bitcoin. Times like this it’s pertinent to zoom out and look at the bigger picture. We provide TA and a deep insight into our mindset approach this coming week.
Optimism Delays Mainnet Launch. Ethereum Layer 2 scaling solution Optimism has postponed the public launch of its mainnet. We discuss what this means for $ETH.
Chainalysis Valued at More than $2 Billion. Blockchain analytics firm Chainalysis announced Friday that it secured $100 million in Series D funding, tipping the company’s valuation about $2 billion. We outline the project and what it signals about industry investors.
How to Avoid The Trap of Sunk Costs. The sunk cost fallacy is where we spend further resources – time, effort or money – to pursue a decision, purely based on the fact that we have already spent resources on this decision. We explain how you can use the sunk cost fallacy to avoid common mistakes.
The Bed of Procrustes. We summarise Nassim Taleb’s famous book and the idea that faced with the imperfection of the unknown and the unobserved, we humans tend to back-fit the world into reductive categories. We consider ideas for trading and investing.
$40 Million into Solana. OKEx and MCX have announced their decision to invest $40 million into a strategic investment fund to further catalyse growth for the Solana network. We discuss the focus of the deal and what it will mean for $SOL.
Biden and Crypto Regulation. A recent report from MarketWatch discusses the looming reality that is the regulation of cryptocurrencies as the industry continues to generate buzz. Here’s what we think the impact will be for crypto. It may surprise you.
Theta 101. This lesser known cryptocurrency stealthily climbed its way into the no. 9 spot of crypto by market cap. In this article, we review what the Theta project is, why the coin was rallying, and how traders can go about trading the token.
Revolutionising Ethereum and NFTs. StarkWare raises $75 million in Series B funding round led by Paradigm. We discuss the limitations of Ethereum and scaling solutions.
TIME Magazine Hiring Crypto CFO? TIME Magazine has tacked on a mere six words onto the end of their CFO job posting: “comfort with bitcoin and other cryptocurrency”. We explore the implications for the “fair value” of crypto assets.
Elevate Your Thoughts with Second Order Thinking. What is second order thinking and how can we use it to avoid “painfully bad decisions”.
Master Market Cycles. Understand how you can use market cycles to position yourself as a trader or investor. We cover: 1. Tendencies Over Certainties 2. The Nature of Cycles 3. Putting It All Together 4. Cycle Positioning.
Uniswap: 4000x More Capital Efficient. The third iteration of the market-leading decentralised exchange Uniswap is coming this spring. We explore the details and the UNI rally.
The “Thrill of Investing”. The U.K. FCA recently published research indicating that thrill and “status from a sense of ownership” is shifting today’s investing landscape, driving younger people towards “higher-risk” investments. We cover some of the main lessons from the research.
Coinbase Fined $6.5 Million. The CFTC, a U.S. government agency that regulates the derivatives market has fined Coinbase $6.5 million for allegedly submitting misleading reports about its trading volumes. If you want to learn more about wash trading and the way traders and investors can utilise volume profiles to improve their profitability, be sure to check out this article.
USDC Total Supply Has Surpassed $10 Billion. In recent news, USDC (a stablecoin pegged to the U.S. dollar) exceeded $10 billion in total supply for the first time making it the second largest stablecoin by supply. We explore opportunities in stablecoins.
Turkey: The Latest Crypto Bulls. Google searches for Bitcoin from Turkey spiked 566% following a 14% crash in the value of the lira. We discuss the implications for Bitcoin’s use cases.
Becoming a Successful Investor Using Inversion. Invert, always invert: turn a situation or problem upside down. Look at it backward. We flip our problem and ask, how do I become an unsuccessful investor? In doing so, this article considers actions that would lead to failure.
Monday: Ethereum Will EXPLODE On THIS Date (Urgent ETH Update)
Tuesday: Sell Your Altcoins Now? (Bitcoin & Altcoin Update)
Tuesday: Gaining 1 Million Followers with Maren Altman
@marenaltman is a financial astrologer who has gained over 1 million followers across TikTok, Twitter, Instagram and more.
Thursday: How to invest in NFTs with Andrew Steinwold
With the level of momentum NFTs have been picking up, we are absolutely delighted to share this podcast ?
Who better to talk us through this exciting market and how we can best position ourselves as traders and investors ?
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Disclaimer: The content in this newsletter is for informational purposes only. Nothing in this email is intended to serve as financial advice. We are not financial advisors. Every investment and trading move involves risk. Do your own research when making a decision.