January 31, 2022
IS THERE TROUBLE AFOOT IN THE CRYPTONIC GALAXY?
There’s no question after so much dazzle about the bull run for BitCoin and sister, Ethereum, that many Crypto investors cannot forget the excitement and the hope- were certainly not expecting all this strangeness. But, on the other hand, there are many veteran investors who look back and show the enormous volatility that BitCoin has expected in the past. And, yet, although at my last look, BTC was down along with Eth, they seemed to be coming up and many Altcoins are moving upwards as well, already in positive positions.
Remember Chris at MMCrypto. He ALWAYS finds something in his TA that is surprising, but this time maybe it is troubling- but not without hope (he generally gives us a chance at hope).
In this next video, Chris talks about an event only happening three time before- which is perhaps going to happen again. As of this video, BitCoin is an ascending triangle, but there has still been a lot of downsizing recently- so bullish possibility, but still bearish.
I have worked with Hasan for years and, among other things, he has vast experience in video production and editing.
The following video captures BitBoy in a much more somber mood. He is worried about some upcoming executive orders that could be happening rather soon from the Biden administration. There has been much talk about enforcing certain regulations about stable coins, the most controversial being Tether, which generally equates to the value of a dollar. Tether has reached out with updates but has not been audited, which will confirm whether or not they have true liquidity (can back up all their coins with resolution to cash). But this isn’t the main topic BitBoy is concerned about. It is regulation concerning wallets. Now, most exchanges that retail people from America use are exchanges like Coinbase and Binance. All those use Know Your Customer (KYC) and centralized under the aegis of a company. And so are many wallets- like Ledger, BreadBasket and Exodus. But these wallet companies, which do not use KYC, may be mandated to do so. Bit Boy explains the risks in the following video.
Yes, again, we are all George. Another video demonstrating the influence of factors affecting the stock market- and stock earning coming up soon like MicroStrategy and PayPal- will be affecting the Biden Administration warned about covid variants like Omicron affecting unemployment data coming by the end of next week. Earnings about stocks like Paypal and Microstrategy are coming out soon and these could affect price levels of Bitcoin. Meta appears to be going to Brazil, possibly to start their own exchange. George presents BoxMining analysis of BitCoin’s dump during the Chinese New Year which is shortly upon us. Of course, China has just banned cryptoand all crypto exchanges- so will this kind of affect the impact of Bit Coin.
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Okay, I admit it. The idea of Dogelon Mars fascinates me- and as soon as I saw it, I believed in its pumping up capacity. It is available on the KuCoin exhange and for a few moments here and, there, it spiked like crazy. Does it have a future? (Of course, being less of a financial advisor than anyone you ever met or heard of- the following is must my crazy opinion:) I think it is going to be an insane success because it is so damn mysterious. Who owns it? Why does it say on its website- that the owner is named Elon? And, despite this, there are those who disbelieve it and search for the real owner- and there are others who believe Elon Musk is behind it- directly or indirectly. Secondly, it purports to be funding Elon’s colony on Mars. Thirdly, it started it out with a short comic book, giving the meme story some flesh and blood (the doggy variety). Fourthly, it has a charity for Shiba Inus. Fifthly, it would be a tremendous success with NFTs and Video Games.
And, then, there are the many important things it could do for ease of purchases, creating its own blockchain, and using its large community like it does now- to lobby for participation in mainstream exchanges. So you are riding on a fantasy island trip with no apparent end. Let me think…. what ever should we call the movie?
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