The bStocks ecosystem keeps growing on BNB Chain
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I pay my bills with my @coinbase credit card.
The card pays me 4% back in $btc.
I convert the btc to ethereum:0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b.
I send it to a cold storage wallet.
I lock it on @ConvexFinance.
I delegate the voting power for rewards to @StakeDAOHQ.
Every Tuesday, I collect the rewards in crvUSD. The avg APR is 15-30%.
I convert the rewards to $ETH. I send them back to Coinbase.
Coinbase accepts crypto for credit card payments. No bank account is involved.
My credit card balance is now paid for free.
My $cvx position keeps growing and generating more rewards.
Thanks @brian_armstrong for the 4% cashback.
Thanks @CredibleCrypto for the defi lessons.
Why am I so convinced that $BTC and #crypto is bullish?
In Elliott-Wave-Theory, bullish patterns consist of five waves up followed by three down in the most ideal scenario.
Wave-3 internally consists of five waves again. And the first of that again consists of five waves.
So the possibility arises that we have multiple 1-2 setups which at some point will be resolved violently in a third wave.
#BTC already has printed three 1-2 setups. We are currently waiting for a third wave to start. Although there ist the possibility that we get yet another 1-2 setup.
What makes this so bullish is that the setups stack. The more 1-2 setups come after one another, the more violent the third wave will be if it finally comes.
In that case, the indicated target area is only the minimum one and will be overshot greatly.
What makes this special?
There are countless examples of assets that show this behavior on smaller timeframes, but there is no example of an asset that shows this on this high of a timeframe.
Nobody really can tell how explosive the third wave will be but I assume that it will exceed all expectations.
At that point, deep corrections will be a thing of the past as well, since they been 2nd wave corrections. After a 3rd is in, the bear markets will be 4th waves, which are not as deep.