Power Play In Crypto - What To Keep Your Eyes On and Do
There's a lot going on in crypto lately and it's honestly hard to keep up with.
My aim with this post is to keep the key topics of changes going on but also how I think you should plan for what I believe is a crypto future.
A lot of new people are buying into crypto every day on the back on influencer tweeting about it. I wont get into any of that here as I covered it plenty in my pervious posts. It's here and it's here to stay and plays a major part in the crypto world right now.
However this seems to be sparking a little worry in government and some how today they managed to set up delays and bring their systems down which do transactions between banks. These are the things that seriously make you wonder. A system that never has issues before in sending payments back and forth to banks some how all of a sudden had issues with all crypto transactions on sites like Gemini, Kraken and Coinbase.
A sign they are worried they are starting to lose control? I think yes.
Yes, same story from 2017 some how Nvidia is short on chips yet again. You know because crypto is booming and everyone wants to mine they some how all of a sudden can't produce more graphics cards even after announcing they were going to make a dedicated line of GPUs that are crypto only.
Another way for them to make serious profits and drive up card prices to fill their bottom line. Sure! They are selling the shovels for the gold rush and creating limit supplies and a scare of not enough chip sets well that's sure to drive up prices on graphics cards.
Corporations are buying into bitcoin like crazy still. Which does have an impact on price. However remember 62% of bitcoin is currently locked up in the top 16,000 bitcoin wallet addresses of which only a fraction of that is within Exchange wallets.
This means there are BIG whales still with mega amounts of bitcoin. Maybe those wallets are dead and lost forever or maybe they triggering big sales. These sales are making them billions in the process to spread out wealth to others. That's actually a mega issue with crypto. The first few get rich while everyone else struggles. It's currently what's wrong with the system we live in today. This makes me feel Bitcoin shouldn't be our focus. It's far to centralized.
All in all the little guys which honestly most of us are unless you're playing with millions right now to me your best course of action is to buy any mega dip and HODL. If you truly believe in crypto and that it will be higher 5 years down the road then BUY AND HODL as much as you possibly can.
A $100 buy today could be $1,000 in 5 years.
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https://twitter.com/bitcoinflood/status/1364808889275998209
Stack those sats!!! That's what I keep telling people. There's going to come a day in the not-too-distant future when you'll be very happy you did. Not even for the price gains necessarily, but for the options it gives you to possibly move or survive what the "global" leaders want to force on us.
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very true it's an asset it can't hurt to have some even if you only collect a few each day.
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Just got to keep collecting what we can and if the big guys want to dump on the market, you know there will be a lot of people looking to buy up those dips! There are more opportunities like with stablecoins and interest rates in lending platforms to look into as well. BTC gets the headlines but there's other great projects out there.
Of course, earning crypto like we do with our blogs is a great way to be exposed to crypto too
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Fully agree plenty of other BETTER projects and blockchains than bitcoin but it gets the headlines. Not sure if that will ever change but I hope so!
I think it won't change for a couple of years but it gives folks like us a chance to get in to projects before a lot of others if we play our cards right!