The FUD: Protect the Bull
Capitalism at it’s finest unfolding, Bitcoin playing a game.
Here it is, the 15th edition of The FUD, where I talk about the biggest FUD of the week. I help clarify events that crypto twitter decides to escalate. Leggo.
This week we had Ethereum beef, Cardano beef, twitter bans and most importantly, Zero Hedge is back.
Zero Hedge is out of Twitter Jail
After a long missed ban on Twitter for speaking up on the Corona Virus, Zero Hedge is back.
They missed a lot but they were quick to catch up.
Quickly the money printer go BRRR is translated to sophisticated reality, making you realize this is not a meme, this is a very serious problem. The article is quality and discusses the crises unfolding in front of us.
With the recent death of George Floyd by the police mishandling a human life, BLM movement is back and stronger than ever, but within the drama Zero Hedge always finds the juiciest of them all. It also happens to be the Juciest burger of them all.
Know the whole Story
It’s important to always know the whole story before jumping to conclusions.
Now look, I understand you go too far by calling George a hero, however what people need to understand is the systematic racism embedded into our corrupt system. The reality is even if he is guilty, the police. have a duty to detain him and take him to court to be tried fairly not to use violence and. enforce the law as they see fit. The problem here is a constant issue with violence against African Americans by the police. Focus. on the. issue not the noise around it. It is a much bigger problem than 1 man.
Bitcoin Stolen from Hardware Wallet
Same goes here, do not judge until you have all the facts. A video which has now been taken down emerged last week, as a guy lost 12 BTC that he had spent years accumulating, it was an emotional plea and quickly the community began donating Bitcoin to the guy.
Others were mean but valid, saying I got hacked is an easy way to get donations, shortly after the wallet had accumulated 1 Bitcoin and the account went private. Fishy, no?
Ethereum Beef
Vitalik post:
The “halvings cause BTC price rises” theory is unfalsifiable:
Was the peak before the halving? Then it “rose in anticipation of the halving”
During? “Because of the halving”
After? “Because of…”
The last $20k peak was near the halfway point between the 2016 and 2020 halvings.
Bitlord having none of that. Just put him in his place, nobody will stop the bull run.
Cardano done pumping, let's create drama.
Cardano has been on a roll lately with price mooning hard. I think it has taken a psychological toll on the founder Charles.
Yes, he is running around like he owns the game, how dare you not know who he is? how dare you treat his highness as a commoner?
Drop the attitude sir, I mean not going to lie, I would flex just like that, but it just seems too unprofessional.
Doge Is Still The King, followed by Troll
I said it before and I’ll say it again, without Doge we are doomed.
But a new coin has piqued my interest. $TROLL. I love decentralized projects, especially ones with an actual use case and a community and Troll comes second after Dogecoin in my book.
TrollCoin is a tipping coin that allows you to tip people on twitter for comments you consider Trolkl worthy, while you many think it’s stupid it’s a great way to encourage quality content through monetary rewards. The concept is superior and personally, a big fan, follow and tag me in a comment I’ll tip you some troll.
Bitcoin is Everywhere
I'm not sure why this isn't big news, I mean back in the day we used to froth over buying a coffee with Bitcoin.
I would assume Bitcoin being on 2,000 vending machines should qualify. as good news, let’s celebrate.
Too Soon Bitmex…
I do not even know how to commentate on this, so ill just leave it here for you to ponder…
The Trade
We are retesting the key level again and I’m personally short, to me, it looks like we go down to $8800 again before $10500. This week I want to share some of the most interesting Bitcoin charts on CT.
Mayne has an interesting outlook on this as usual and I tend to agree, if the moves lately have been scaring you chances are you are over-leveraged. Control your position sizing better and tweak down the leverage, you'll be fine.
We used to call it a fake-out but A Bitmex Maintenance Trap seems more appropriate, remember these jumps happen to get people out of positions before a big move, so we know a big move is coming, the question is what direction. If unsure it’s generally better to be flat and wait for confirmation.
The Batman may form and I honestly would not be surprised.
Finally the most honest chart I have ever seen.
Hope you all enjoyed the update, follow me @TheBitcoinaire and @MineDigital on twitter and medium to stay updated on The FUD and Whisky & Wicks. For the best rates in Australia guaranteed use. Mine Digital. Mine Digital also has insured custody so don’t worry about your funds.
Please note this is not intended as financial advice. Always do your own research. The writer holds (and is biased towards) Bitcoin. The writer’s thoughts are his own and do not reflect those of Mine Digital.
