It's really getting rough in crypto at the moment!
Yesterday we saw the worst crash since the Covid crash in March 2020.
$2.9 trillion was wiped out in 1 day!
If things are making you worried or uncertain, you are not alone and this is the post for you👇
Altcoins have been in freefall since late March 2024.
This hasn't been a dip, it has been a near collapse from altcoins...many down 60%-80%.
You've bought the dip. And the second dip, and the third!
But prices have continued to drop.
Then yesterday things got even worse.
If you are sitting there worried, stressed, sad, and angry then trust me, you are not alone.
Everyone feels like this right now.
Some have completely given up and sold. Some are standing strong but having doubts.
Even the most seasoned investors are being shaken by how ALTs have performed recently.
I know I have. It sucks guys! It really, really hurts.
I will always be honest. I never imagined that ALTs would dip this heavily in 2024.
I had to take a serious moment away after yesterdays collapse. I won't lie - the punch bag in the garage gym took a few rounds of anger!
I can feel the pain in The Oculus Group Telegram Channel - people are worried and don't know what to do!
Thankfully the Group is pulling together to talk, showing the power of a strong community.
What do I really think is going to happen?
Markets dumping in response to economic fear is a playbook we've seen before - only 4 years ago.
Yes, Covid was a different event... a Black Swan event and more aggressive in a short amount of time.
However, how Governments react to economic decline is textbook!
(1) Interest rate cuts + (2) Increased Government Spending + (3) Quantitative Easing!
Interest rates in the UK were cut this week. In the US, it is expected that interest rates will be cut in EVERY round in 2024.
Stage 1 is underway and will increase in September.
I expect we will see Stage 2 + 3 over the next 6 months in the US and in parts of Europe (certainly the UK).
Therefore, I still believe that Q4 2024 (Oct - Dec) will be the time when we see BTC and ALTs start pumping.
Historically this period is also when BTC produces the best average monthly returns. Followed by a strong Q1 for ALTs.
I remain positive and optimistic about crypto for the next 6 - 12 months.
That being said, all of that doesn't stop me feeling the same anger and pain as you are ALL feeling now!
I'm pissed off! I'm angry. I'm hurt!
My portfolio is being hammered and that is a horrible feeling.
But I remain confident that the pain won't last too much longer.
If you are struggling, please do reach out and please do join The Oculus Group Telegram Community - check out the details on the Linktree in my bio.
Oculus 🙏
Kamino Season 2 has concluded, and a total 350,000,000 KMNO will be distributed to Kamino users mid-August
This amounts to a ~$13.5M distribution, with a substantial benefit to users who staked KMNO throughout the season
Airdrop checker, S2 analysis, & S3 info below👇
🚀 Big News: Airdrop Share Increased to 43%! 🚀
Thanks to the incredible community support during the Catizen Vibe - Heal the World event, an additional 1% of the strategic allocation has been redirected to players. The airdrop share is now an impressive 43%! 🐱❤️
The real investors are the players, who have shown immense passion and dedication. Together, let's continue to heal the world and make a brighter future for our feline friends. ✨
Catizen's vibe: Play for the airdrop🪂, Heal the world! 🌍
#TON #Mantle #Catizen
Thanks @BinanceLabs ! We are thrilled to express our heartfelt gratitude to the strategic investment in @PlutoVisionLabs , the publisher behind Catizen! 🐱🔥
Catizen is honored to be the first project on @ton_blockchain to get investment from @BinanceLabs !🎉 We'll keep moving forward!
NEW PRODUCT RELEASE (INVITE-ONLY BETA)
Over the past few months, we’ve been making Grass operate better, faster, and cheaper.
Today, we're excited to introduce our Desktop Node, which uses less than 5% of the resources of a Chromium browser and handles 10x more bandwidth than the chrome extension.
The first wave of invites have been invited to a select group of users (👀 @GigaBuds_) to beta test the Desktop Node ahead of its full release.
By joining the network via the Desktop Node, your network score receives a multiplier of 2x. The multiplier is reflective of the fact that these nodes have better uptime, improved latency, and priority routing in the network.
With user privacy always being our top priority, we’ve gone through a 3 month audit process to ensure that the Grass Desktop Node is compliant with all major anti-virus providers.
Grass’s mission has always been user-first. For decades, middleware companies have been abusing their privileges by sneaking software into free applications and then selling your bandwidth to large corporations who need to scrape the web.
It’s time to take back control.
Trump is currently speaking at the #Bitcoin conference
$SOL is over $180
$ETH is over $3200
$BTC is over $68,000
It’s nice to be Web3.
What tickers did I miss that look like this?
👇
Trump is currently speaking at the #Bitcoin conference
$SOL is over $180
$ETH is over $3200
$BTC is over $68,000
It’s nice to be Web3.
What tickers did I miss that look like this?
👇