17/x - However, if nobody steps in. We might see prices going below 10k. After all, we have had the perfect storm for a run up (QE etc) now we have the perfect storm for major deleveraging across all financial assets (rate hikes, QT, inflation)
16/x - Price wise, honestly i have no idea. We probably need the big casino owners to step in. After all if all your clients die, you'll need to wait for more clients to come in again for your business to work out.
19/x - Also - If you are wondering why BTC and ETH are the first to be sold off, its because in a crisis, you sell what you can. Not what you want. There is no liquidity for shitcoins/ "alts"/ dreams
Reminder that most Alts will drop 90-95% during a bear market. Most will never fully recover either. This is why the majority of my portfolio consists of #Bitcoin. Bitcoin is here to stay.
Most hacks have nothing to do with hot wallets. They're caused by victims signing malicious transactions.
NFT NYC's events are ripe for hackers to scam you into bad signatures. When using NFTs to sign up for events, take them out of the vault & be careful.
The next 6 or so months will be the most important time for people to dollar cost average. I don't think the bottom is in yet. Why? Because I've been though many bear markets and this does NOT feel like a bottom. Most bottoms occur close to or at the 200 WMA or just below.
Before you invest into a project, ask yourself, is it Living or Dying? Does it have elements of a Pyramid or a Ponzi scheme? Does it smell like a Tulip? This is a simply written yet insightful article in categorising crypto projects: https://t.co/z5yCWB1fRD
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Some interesting data on $UST and Terra's Anchor Protocol:
- There are 256K Anchor wallets
- The top 1000 Anchor wallets own 82% of all UST
- The poorest wallet in this top 1000 has 955K UST
This is great news for $UST / Anchor depositors.
Why? Let me explain..
1/
@magicross7 I need help to fix my metamask wallet balance funds. It's show zero now! But when I connect me Metamask wallet to https://t.co/cr8Ul1gk62(login), all my ETH and WETH are there!
Bro, Please help me. Thanks in advance
@blockchainchick We are definitely in the bear market. For how long? I see, as long as long as the US$ continue to strengthen, BTC$ will have a tough challenge. Let's hope it's will not be a Hard landing