In This Issue
I share my thoughts on the trend reversal, Bitfinex news, and Tesla.
Rekt Capital has the latest technical analysis for you on the market.
Rebecca has all of the latest news for you.
Jesse has a ton of hot new airdrops for you.
Hot new token sales.
Sam has a report for you on woman based NFT collections.
Defi Dad has a tutorial for you on an application called APWine.
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A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.Also, every issue will contain more information, tips, hints, and analysis than you can make use of. It is up to you to decide what information shared here has value to you or not.
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What’s On My Mind by Lark
Trend Reversal
Woohoo!!! The markets “seem” to be setting up for a major trend reversal with Bitcoin closing back above major resistance. Many altcoins are bouncing back from the dead. While we can never 100% predict what will happen in markets, at this time it does seem like the markets are preparing to move much higher. The last time for example that Bitcoin crossed over the 50 day simple moving average resulted in massive price rallies for the entire market.
BIG NEWS OUT OF RUSSIA!
It seems that the Russian government and the Bank of Russia have agreed to treat cryptocurrencies as currencies within the country. While we must wait for the exact wording in the final bill proposed to be released on the 18th, this could be incredibly big news! Remember Russians hold about 12% of all the world’s crypto while only being about 1.8% of the global population. It is also the 12th biggest economy in the world.
Tesla Proves The Thesis
It was revealed this week that Tesla is currently holding around 2 billion worth of Bitcoin. Up 33% from their initial purchase. PLUS they cashed over 100 million when BTC was pumping. Up until this point they are proving that Bitcoin can be and is a useful asset for corporations to hold. And while the dollar value of the Bitcoin has gone up a lot. Tesla has also avoided suffering the effects of inflation on the 1.5 billion which they used to buy the BTC. Only a matter of time before more big companies get on board the Bitcoin train!
Bitfinex Bitcoin News
In 2016 Bitfinex was the biggest Bitcoin exchange, and one day it was hacked for 120,000 BTC. Slowly but surely the hackers have been trying to liquidate their position via a series of fake accounts and laundering via monero. However it is not easy to sell off a few billion of Bitcoin and in the end they only sold around 24,000 of the BTC. The big news here is that these people just got caught with the US DOJ confiscating the remaining 96,000 BTC. The question now becomes what will happen with this Bitcoin. As Bitfinex stated they will work to get it returned. However it does not appear that it will be returning the BTC directly to those who were affected by the hack but…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
