Hype Versus Reality
I will pop this here as a reminder that noise often does not indicate what is moving in markets. And so we are back to the issue of thinking.
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Ten Minutes With Tate Lets Talk Markets
Once again the world seems a slightly more chaotic place with the Middle East being the current flashpoint for stupidity. And once again markets do something interesting.
The People Who Lost Serious Cash on NFTs
If you had to pinpoint the moment the NFT bubble was at its most grotesquely swollen, then it’s surely when Paris Hilton went on The Tonight Show Starring Jimmy Fallon in Jan. 2022. It was a fever dream of an interview, in which Fallon and Hilton had a stilted and bewildering chat about their recent investment in Bored Ape Yacht Club NFT…
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Cryptocurrency Is a Giant Ponzi Scheme
Cryptocurrency is a scam. All of it, full stop — not just the latest pump-and-dump “shitcoin” schemes, in which fraudsters hype a little-known cryptocurrency before dumping it in unison, or “rug pulls,” in which a new cryptocurrency’s developers abandon the project and run off with investor funds. All cryptocurrency and the industry as a whole are built…
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Bitcoin Is Suddenly Interesting.
Will BTC change the world – probably not but it doesn’t mean that everyones favourite delusion cannot be profitable. At present BTC has done something interesting in breaking up on a weekly chart as shown below. What is also interesting is that on the daily chart, you have a compression box where prices are squeezing…
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More Than Half Of All Bitcoin Trades Are Fake
…One of the most common criticisms of bitcoin is pervasive wash trading (a form of fake volume) and poor surveillance across exchanges. The U.S. Commodity Futures Trading Commission defines wash trading as “entering into, or purporting to enter into, transactions to give the appearance that purchases and sales have been made, without incurring market risk or…
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Crypto Was Always Smoke and Mirrors
The world of cryptocurrency is rich with eccentric characters and anonymous Twitter personalities. So perhaps it shouldn’t be a surprise that one of the early figures who called attention to the problems with Sam Bankman-Fried’s cryptocurrency exchange, FTX, is a 30-year-old Michigan psychiatrist who investigates financial crimes as a hobby. James Block, who runs a crypto newsletter called Dirty…
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Bitcoin Next Stop 12k ?
The interesting feature of highly speculative issues such as BTC is that in a very short space of time you were able to observe a large range of maladaptive trader behaviours. I can guarantee that when I initially posted my original chart showing that BTC was in congestion but was also in a volatility squeeze…
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