Sunday, November 27, 2022
Friday, May 21, 2021
Wednesday, May 19, 2021
5 Reasons Why Bitcoin and Cryptocurrency Markets Have Been Crashing (May 19, 2021)
Today witnessed a third consecutive day of losses in the crypto markets.
Some reasons include:
Bitcoin is up 286% for the year, but has seen nothing but losses for the last month, but in recent days this has increased crescendoing with record losses today... but why?
Bitcoin doesn't operate in a vacuum. Placed upon the substructure of the wider stock market Bitcoin has not actually changed in its value or content, but rather suffered at the mercy of a wider market adjustment.
Sometimes crypto enthusiasts forget that this market is subject to various changes within both the industries, service, manufacture and fosile fuel industries. Therefore it isn't a place for tourists, but rather a hazardous endeavor as all investing can be.
To the point the first and biggest reason for the recent dip has been a perfect storm (of sorts) in the financial world consisting of state governments, decentralized communities, and regulations and even famous entrepreneurs which just can't seem to get their message across "clearly" and without abmiguity.
The SNP, Dow, and NASDAQ all lost this years gains in just a few days, due to various wider changes in the market.
This is out of the scope of this article, however merits further study and certainly affects the overall crypto market which is built upon the traditional markets.
The crypto markets were further impacted by other more blockchain focused yet still unrelated events such as:
- Elon Musk's bungled SNL appearance hugely impacted the market sending Bitcoin and Dogen into their first troubles.
- Then the US governments announcements of investigations into Binance and Binance related companies, followed China's announcements that it will also be investigating Binance, and introducing new rules to prevent certain types of trading such as banning the use of crypto for the use of payment. Turkey also followed suit sending Bitcoin down further.
- Followed by the constant rant of right wing, and online anti crypto 'gloom and doomers' who generally hate cryptocurrency, decentralized finance, and the communities that support them.
- That investors would flee to calmer waters is something that goes without saying, but the better question we should ask should be:
Are cryptocurrency markets still healthy and sound investments?
I believe that the answer is absolutely YES. While we may not know exactly where the bottom of this current dip will end, we do know that it won't last long, whether or not Bitcoin is accepted as payment by Elon Musk.
Wednesday, May 5, 2021
Thursday, April 29, 2021
Why a blog on CYPTO CURRENCY AND YIELD FARMING?
Simply put... why should we NOT write about this amazing technological achievement? Ask yourself this: can I really afford not to study the subject?
With the crypto age upon us, will you be one of the many who let it just pass them by? Or will you eventually come around, just a little too late to make much of a profit after the market has cooled off?
Anyone who knows anything at all about this subject will know exactly why blogs such as this one are needed and necessary as our global political and economic trading community begins to evolve out of the technology age, and into the crypto age the product of previous era.
What is the crypto age? Why the time in which, due to the development of protocols such as Bitcoin and Ethereum, we are able to begin the process of DECENTRALIZATION of our most precious financial assets: currency, money, credit, and any type of database information traditionally kept by centralized authorities such as: banks, insurance companies, state governments, educational institutions, voter data and much more. If it can be put into the form of computer bits, it is controlled by an authority without your best interest in mind.
Who can best trust to control and dictate your finances and information? Why you THE ACTUAL OWNER of that data.
This is the basic premise behind the system known as Bitcoin and its associated Block Chain protocol which in the early 2004 gave us for the first time, a coherent, simple and organized system by which this protocol could be developed.
Cryptocurrency is born.
Decentralize what exactly? Why every organization whether financial, political, health, or otherwise, which extends its control over the majority of state citizens and traditionally depriving people of various freedoms of use and control over OUR OWN PROPERTY, whether it be financial or otherwise.
Freedoms such as:
Controlling your personal information, who has it , who sees it, etc.
Controlling your finances, who receives them, and who knows about it
Controlling citizen data
Controlling where, when and with whom citizens spend their money
Controlling patents, intellectual materials, master copies, and other personal data now readily stored throughout the world in government and organization databases.
Then, finally continuing to control this information once the transaction is complete! Its seem less and quiet but its REAL.
These are but a few examples of how our traditional systems of centralization which grew out of necessity for security and consistency across, in particular, the global financial system, allowing select people to partake in it.
The key term there is SELECTED people. Traditional centralized systems generally exclude any persons they choose to, for whatever reasons they want... not very fair indeed.
The natural tendency of technology so far has been that states and central governments have gained more control over the populace.
This protocol reverses that trend, countering the balance toward the individual creating a system which exerts LESS CONTROL over the personal decisions, data and information relating to our transactions and banking.
Centralization, and its evil twins government OVERREGULATION and TAXATION begin a slow contraction as decentralized global cryptocurrencies and blockchain technologies proliferate.
This is only possible in an environment wherein each participant absolutely trusts the others, wherein confidence in the integrity of the entire transaction or state of trust is ALL BUT GUARANTEED.
Hence part of the premise of Bitcoin, and cryptocurrency industry which it has spawned.
A complex system of exchange wherein the a participants may ensure not only security of transactions, but also the data across an entire ecosystem.
That ecosystem in respect to Bitcoin is called the Bitcoin Network, but this is just one of many.
How is this possible? Creating alternate systems by which all people in all places can buy, sell and trade with a sense of security, confidentiality and freedom of choice.