GoldenWarrior
New member
- Joined
- Dec 13, 2024
- Messages
- 85
Hello Everyone , hope all is good.
Todays Finance session covers the following topics -
1)Crypto Markets ( October recap )
2)Market Trends
3)Future of Crypto [ conclusion ]
1) Crypto Markets (October recap )
Crypto Markets are like utility and Narrative based. I would personally say its more narrative based. Looking at the recent market crash , bcs of trump announcing extra tarrifs on china that day, Btc from an all time high of 125k fell around 108k , but bcs of Btc going down as well , alt coins , went down 60-70%.
Many people got full port liquidated , lost a lot of money , some people also lost their lives due to the past week crash. Billions of Dollars got liquidated in crypto. This shows that crypto isnt completely matured yet. Small dips in BTC result in large dips in Altcoins. Dips in Btc are influenced from Geopolitical actions in the economy.
Now before this particular crash , was a semi-bull run in crypto , i think if i remember right its 1st october , when Binance coin and Bitcoin as well reached their all time highs. The meme space of crypto had a tremendous shift in power. Binance Company started having a lot of meme coins on their block chain , with a lot of Asian traders in volume.
if you dont know , Solana used to be where 90% of the meme coins , were flowing and trading. This shifted like 80% to BNB for almost like a week , the solana chain was as good as dead.
The owner of the Company Binance , CZ often now pushes meme coins by his tweets , and hes basically doing all he can to promote his chain and the coins. So people have also made tons and tons of money in trading on the Binance chains both Alt coins and meme coins.
2) Market Trends
Well in terms of Market trends , if we see in the alt section , its obviously gonna be tech based on transactions more , why i say this is because , just recently walmart announced that it will now start accepting crypto payments , in btc , eth and XRP. Along with this new crypto debit cards are coming out as well. Phantoms supposedly is coming out with its own crypto debit card.
Since Walmart has announced this change in payment options as well , many other stores and companies all around the world will do so as well in the future. This only means that crypto is gonna grow, People will own their money in the wallets.
So keep an eye out for New tech based on transactions.
Crypto is starting to become like funding rounds for tech companies , its more on a smaller stage but its growing. So the over all cryptospace is highly highly bullish.
3) Future of Crypto
Over all the FUTURE is of Growth , your not too late to get into crypto. One can always get into the market , study it , analyze it and make money.
Do not panic in crashes in crypto , know that it always comes back up , as the market currently is healing yes. Unless trump , makes some move and the market reacts in a positive or a negative way.
So you will never know if the market will go up or down. But with analyzing every small aspect , you can always get conclusions.
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Ive been wondering if i should do daily Recaps of the Crypto markets every week ,and start a topic of Crypto Markets , as a separate entity with weekly recaps. And Have major topics under finance session every 15 days. Do let me know what you would wish me to add in the recaps as well.
Hope this helps you.
I wish you all the best.
-GoldenWarrior
Hail Zeus !!
Todays Finance session covers the following topics -
1)Crypto Markets ( October recap )
2)Market Trends
3)Future of Crypto [ conclusion ]
1) Crypto Markets (October recap )
Crypto Markets are like utility and Narrative based. I would personally say its more narrative based. Looking at the recent market crash , bcs of trump announcing extra tarrifs on china that day, Btc from an all time high of 125k fell around 108k , but bcs of Btc going down as well , alt coins , went down 60-70%.
Many people got full port liquidated , lost a lot of money , some people also lost their lives due to the past week crash. Billions of Dollars got liquidated in crypto. This shows that crypto isnt completely matured yet. Small dips in BTC result in large dips in Altcoins. Dips in Btc are influenced from Geopolitical actions in the economy.
Now before this particular crash , was a semi-bull run in crypto , i think if i remember right its 1st october , when Binance coin and Bitcoin as well reached their all time highs. The meme space of crypto had a tremendous shift in power. Binance Company started having a lot of meme coins on their block chain , with a lot of Asian traders in volume.
if you dont know , Solana used to be where 90% of the meme coins , were flowing and trading. This shifted like 80% to BNB for almost like a week , the solana chain was as good as dead.
The owner of the Company Binance , CZ often now pushes meme coins by his tweets , and hes basically doing all he can to promote his chain and the coins. So people have also made tons and tons of money in trading on the Binance chains both Alt coins and meme coins.
2) Market Trends
Well in terms of Market trends , if we see in the alt section , its obviously gonna be tech based on transactions more , why i say this is because , just recently walmart announced that it will now start accepting crypto payments , in btc , eth and XRP. Along with this new crypto debit cards are coming out as well. Phantoms supposedly is coming out with its own crypto debit card.
Since Walmart has announced this change in payment options as well , many other stores and companies all around the world will do so as well in the future. This only means that crypto is gonna grow, People will own their money in the wallets.
So keep an eye out for New tech based on transactions.
Crypto is starting to become like funding rounds for tech companies , its more on a smaller stage but its growing. So the over all cryptospace is highly highly bullish.
3) Future of Crypto
Over all the FUTURE is of Growth , your not too late to get into crypto. One can always get into the market , study it , analyze it and make money.
Do not panic in crashes in crypto , know that it always comes back up , as the market currently is healing yes. Unless trump , makes some move and the market reacts in a positive or a negative way.
So you will never know if the market will go up or down. But with analyzing every small aspect , you can always get conclusions.
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Ive been wondering if i should do daily Recaps of the Crypto markets every week ,and start a topic of Crypto Markets , as a separate entity with weekly recaps. And Have major topics under finance session every 15 days. Do let me know what you would wish me to add in the recaps as well.
Hope this helps you.
I wish you all the best.
-GoldenWarrior
Hail Zeus !!
