Bear Bull or Build Market. NDN Media Starts Minting Parcels in Shiba Metaverse & Russian-Ruble-Gold.
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Transcript
There is a time to be a bull. There is a time to be a bear. There’s also a time to build. Here’s why.
A few days ago Bitcoin fell by seventeen thousand dollars. So you have to ask what type of people bought this deep. Are they long term holders, traders, or the same people that caused this crash trying to rewind and do it all over again. Because remember in a bear market you always want to sell into strength at least if you are a trader and do it all over again. Repeat and Rewind.
Questions one should ask is how does this economy look? And the biggest representation of that is the United States. Because if the US sneezes, the whole world has a cold. Let us take a look at a couple headlines.
You have the volume of stable coins going up. And don’t be surprised USDC surpasses USDT either later this year or next year due to the whole fiscos and house of cards in this market.
You also have early bailouts of crypto currency companies. And I expect more to come. For example, just recently, FTX gave BlockFi a two hundred million dollar loan. And there might be talks of Celsius going through some serious reconstruction where just recently they paid ten million dollars worth of DAI back to the Compound network.
And just a day ago, I put out a poll on twitter. Most of you agreed that Celsius should be bailed out. But from a business perspective, I have to one hundred percent agree with you guys because that gives the potential party buying out Celcius, over one point seven million customers under their umbrella. So not bad if a bailout or buyout happens. But I do not think this will be the last of crypto companies heading to zero. More is likely to come.
Furthermore the list of bad news in the crypto space does not end because you also have large financial markets putting a strain on cryptos. Both the Dow and S&P are down. You also have people within the Biden administration team looking to force unemployment which is encouraging employers to fire people from their job. And yes, you can’t make this stuff up. I am absolutely serious. And that’s why I made this video of things you should consider doing right before everything falls apart and that also includes diversification.
The only thing not down by much is Gold and to most people’s surprise the Russian Ruble is backed by gold. And experts are saying that is why the Russian Ruble has done so well. And the Russians have backed five thousand Rubles to one gram of gold. Gold and silver are one of those things you never sell. One simply passes it over to future generations. But I am not offering financial advice here so make sure you speak to a financial advisor on everything I talk about.
With all this bad news in general there are still opportunities to build and pay attention to what people need and are looking for in the crypto space.
For example, NFTs is a new space and the good thing about entering into a recession is that we are going to see what NFT projects just like companies are fake which Patrick David mentioned from his recent podcast which I shared in one of my earlier videos. You also have investments still going into Web three and five, and Defi is still relatively new as well. Though liquidity has dried up in a lot of these alt-coins and it is going to, I think the next generation will be synthetic stocks being integrated into Defi simply for that liquidity. Just my opinion, but it's still early. So I do expect people to take advantage of these industries.
My investment into cryptos is basically at zero which is money I can throw away and afford to lose in Bitcoin, MillionToken and a few other tokens like Hex. But most of my other alts I sold off a long time ago when I told you guys to do the same by consolidating everything. So I am not massively DCAing into anything else at the moment until the Federal Reserve stops their tightening policies or else I see the crypto market depeg from the equity market. I think it's prudent to be patient and wait. Micro DCA here and there, but don’t put in aggressive amounts of capital as we go through these unkultra-conservativeI am not trying to time the market, just giving you guys an ultra conservative approach.
Other than that I do want to stay focused in the NFT space, but more into digital land acquisition because I think owning digital property is going to be the future in about five to ten years. You have blue chip ecosystems like Bloks, Decentraland, and Sandbox so you will see me doing a little bit of window shopping when the time is ready. For now their parcels are selling for eighty percent discount from their highs which is crazy, but that’s what I expected. However I think there is further room for them to go down just like everything right now. So if you are into building anything in this ecosystem, you will see plenty of opportunities to buy cheap NFT art, defi projects if you have deep pockets like Techlead, or you can even create your own crypto youtube channel because a lot of these hype crypto youtubers are going to go away as has happened in every bear market.
But even if you are not interested in building, keeping up with crypto news is a good thing and/or focusing on something else outside of cryptos like taking up a new job or going on vacation or coming back to the market later on is fine as well. You shouldn’t make these things your entire life if you are not interested in this space. And about digital land, NDN Media is currently in the process of adding one parcel from the Shiba ecosystem just to put some skin in the game.
More will be added as the price of Shiba tokens fall in value relative to the dollar, but we are just doing this simply to start somewhere. And that makes the collection of land for my future MillionToken ecosystem that we plan to release at four right now and that’s an average of one digital property per week which is well inside our budget. Again these things are cheaper right now to acquire, and I do believe they will get even cheaper to a point when these companies will be giving them out for free just to get people interested.
And that is all I have for the crypto minute. If you want to find technical and fundamental data on crypto projects, you can sign up to my Token Metrics Affiliate link and also check out their Youtube channel as they share my sentiment as well. And if you like technical analysis you can also visit Tim over on twitter. And as always, liking, subscribing, and sharing this content goes a long way. Have a great day.
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Disclaimer
The information on this blog is not financial advice. Before you invest in cryptocurrencies, please speak to a financial advisor.
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