In This Issue
- I share my thoughts on The state of the market, Crypto Bill in US Senate, crypto scams, Illuvium land sale, Bitcoin miners selling and a new NFT FAQ Report.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on bear market NFT outperformers.
- Defi Dad has a tutorial for you on how to farm with the OUSD Curve LP and earn an airdrop.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
For any crypto related questions please comment on the website.
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Buy, trade, and hold 600+ cryptocurrencies on Binance
What’s On My Mind by Lark
<h3 id="the-state-of-the-market“>The State of the Market
Weak, sad, beaten, bloodied, boring, painful, and other depressing adjectives.
Every mini rally is met with a sharp and brutal drop.
Altcoins just keep bleeding.
Bitcoin dominance keeps rising.
These times in the markets absolutely tear up traders.
This kind of directionless chop is tough to trade.
Investors find fewer opportunities too.
But there are still opportunities out there.
NFT collections are still making money on new mints, albeit fewer than before.
Token sales can still make money, although most have been delayed.
Buying long term positions, cost averaging in is still a thing for those who still have money.
BUT, for the most part this is one of those times in the markets when it is ok to not really be doing much.
You can just chill.
The money is still flowing into the market. Nearly a billion in funding by Binance, Solana, and others was announced this week.
Institutional inflows continue into Bitcoin. A16Z raised a few billion a few weeks ago.
Crypto isn’t going anywhere, and sentiment can reverse real fast. But until it does expect things to remain rather slow.
An investor’s biggest task right now is just to survive this bear market, and if you can find some opportunities along the way to make a few bucks then all the better.
<h3 id="crypto-bill-in-us-senate“>Crypto Bill In US Senate
A new huge piece of legislation has started making the rounds which is looking to regulate crypto in the USA.
This is the first draft. It may or may not pass. It may pass but not in its current form. Keep that in mind.
Here is the short and sticky of the bill’s key points.
- The CFTC will regulate many cryptos now, not the SEC. This is because many cryptos will be deemed as commodities.
- Transactions under $200 will be tax exempt opening the doors to retail adoption.
- Stablecoins will be regulated and must be 100% backed.
- Self custody wallets are protected.
- They don’t know what to do with defi and NFTs.
<h3 id="crypto-scams“>Crypto Scams
I saw this report that Australian crypto investors have already lost 80 million to crypto scams this year, and I thought it would be a good time to revisit some of the most common scams and how you can avoid them.
- Scammers prey on those with lesser technical knowledge than them. Crypto is complicated and often you will be approached by scammers who are “in the know” when it comes to mining, trading, claiming an airdrop, or fixing a transaction. These helpful guys only need your…
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.
