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Price analysis 8/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin price aims to break from its current range and flip $24,000 to support, while altcoins are following the upside move by attempting to confirm their bottoming patterns.
https://cointelegraph.com/news/price-analysis-8-8-btc-eth-bnb-xrp-ada-sol-doge-dot-matic-avax?utm_source=Telegram&utm_medium=social
Digital asset investment products saw inflows totalling US$3m last week marking the 6th consecutive week of inflows that total US$529m.
https://blog.coinshares.com/volume-92-digital-asset-fund-flows-weekly-report-d9364fd76367
hah! yeah my antennae went up when i saw that too!
JPMorgan says cryptocurrencies ‘have found a floor’
https://www.cnbc.com/2022/08/08/jpmorgan-says-cryptocurrencies-have-found-a-floor.html
this could've been said when BTC was at $17,800 but i'm sure JPM was busy soaking up supply!
BRN/AVAX chart:
BRN/USD price is here: https://www.dextools.io/app/avalanche/pair-explorer/0x2f2ac0b0de45af118e97f73b2ca9bd65b06e0894
Burnit on telegram: https://t.me/burnitproject
they launched their first batch of NFTs yesterday: https://burnitproject.com/mint/
it's FOOK denominated in AVAX!
for the FOOK USD chart, you can find that here: https://www.dextools.io/app/avalanche/pair-explorer/0x3433b681141b4506b71aead3120b264bd9c12863
currently $2.30
in the SD days we were buying on fegex, now you can buy FOOK directly from their website: https://www.fooktoken.com/fookswap
to get setup with AVAX you'll need to add the AVAX C-chain network to Metamask: https://chainlist.org/
here's where FOOK is on the new AVAX blockchain: https://snowtrace.io/token/0x95923f63da09b4f7520f7c65a31f318d8228b744#balances
coinmarketcap and coingecko listings are pending.
questions get answered fast in the telegram chat, where the project lead posts daily: https://t.me/FOOKTokenOfficial
right now the team is hard at work on 2 new tokens to complete the FOOK ecosystem plus an app for trading and tracking FOOK purchases.
I'm kinda confused by the price.
Is that an older version of FOOK?
FOOK key figures as of today :
Fook token holders : 182
Fook TG members : 537
Fook Twitter followers : 700
Total dividends distributed :
$94,967.46 USDC
Total volume : 400k just in the first 4 weeks
FOOK is running a contest week.
Community engagement is important, especially in crypto.
If you feel comfortable with your FOOK investment people need to know.
Quite hard to find a legit project who cares about the community and have a long term vision and business plan.
Bring awareness around.
OTC:KRTL heavy volume after name/symbol change. Took a starter. Market cap approximately $2 million.
https://www.globenewswire.com/news-release/2022/07/25/2485135/0/en/FINRA-Approves-Name-and-Ticker-Change-for-KRTL-Holding-Group-Inc-From-QUEENCH-Inc.html
My first sell order hit on REFLEX. Will reload if it drops by 50%
I agree on AVAX. Haven't looked at FOOK much yet. I've been nibbling at BTC and AVAX on dips. I still like FTM, VOLT, and REFLEX.
Bottom line: I'm still here - down in 2022 but not out. I'm fairly confident the crypto market will recover eventually.
Yeah eventually these have to come back. I am focusing on AVAX and FOOK right now.
I bought 25k of btc at 18000ish. Its a little over 1
share but gains are counted by % anyways. I also bought alot of cro at .08s, .09s and .10s . I think cro exchange should be okay and should survive the crypto winter. Jason Bourne said so
Question: with crypto exchanges and funds going bankrupt, what will happen to our coins if lets say cryoto.com or coinbase files for BK protection. I do not think there is a SIPC, FDIC or anything that covers that right?
With Terra, they just moved their important assets to another chain and start over.
What will happen with our coins? If we cant withdrawl? Thanks
Crypto ETFs: BITO, XBTF (Bitcoin), VERS (Metaverse). There are probably more, and likely even more coming in the near future. Nice that you can trade them just like stocks.
new FOOK update in AVAX tokens chat:
https://t.me/AvalancheTokens
Thanks. Maybe I can switch to the online version. I will contact intuit's support.
Enjoy the bounce. More pain is coming. Its probably not going to hit 10k but 15k or a tad lower is possible.
Btw, I am seriously looking into starting a new coin. I think I got a team that will work with me. I will let you guys know. My identity is all over the net from my other plays. So, not a big deal for me. Lol....go figure
I ran into a similar problem w/ TurboTax Premier.
They don't tell you there's two different versions of TurboTax Premier.
1) Downloaded to your computer version.
This version makes crypto difficult. Don't recommend using.
I've used this version for years until this year.
2) Online internet version (best for crypto)
Auto import transactions straight from exchanges.
The only negative to using this version is if you have previous years returns saved in the downloaded version 1.
The two versions don't communicate w/ each other, so you can't Auto import last year's return.
You'll have to plug in last year's numbers manually. Only takes 10 min too, so not a huge deal, just annoying.
Version 2 is incredibly easy w/ all the crypto transactions. Literally a few clicks of the mouse in my experience.
GL
GW
Tax question: I am struggling on how to file my U.S taxes with crypto sales. This is the first tax-year I sold any. I ended up filing for an extension for the 2021 tax year because of crypto. Turbox Tax premier SAYS it can handle crypto, but seems woefully inadequate and unfriendly. I did get CSV files of my transactions from my 2 crypto exchanges, but I have so many transactions (and some in different quantities) - it does not look easy to do manually. I've seen some good reviews of Koinly for handing the crypto portion of taxes. Any thoughts or ideas? TIA.
Smart people bought BTC and many other cryptos all the way down. Pay day is coming! The SD tokens are coming back. AVAX is hot. I don't buy BTC and ETH. No leverage. I am locked and loaded in around 55 cryptos. No different than buying OTC trips and double zeros. I will just wait and cash in. I loved the opportunity to buy the dips in coins like AVAX, SOL, DGB, REN, VET, ALGO and others. Some only know BTC. As I said, I don't trade BTC and ETH. No leverage in those two!
I still like trading crypto and the OTC. Money to be made in both. I hear people crowing about the OTC being back like early 2021 but it's not even close to that. Very far from it. I own a lot of OTC too but it is not a hot OTC market like 2021. Every one of the four more FED interest rate hikes this year will kill the stock market. Next one July 27th. What's funny is that all these trip and sub .002 plays have absolutely NOTHING to do with charts which are a waste in predicting the future.
Rock ‘n’ hold all night… Kiss frontman Gene Simmons may no longer have a diamond-studded costume, but he does indeed have diamond hands. Last week, the 72-year-old rocker took to Twitter to announce his confidence in crypto: “Re Crypto currencies: (Write it down.) I Am A HODLER. I have not sold a single position since the downturn. I believe in the future. The Near Future.”
At least I'm in good company, LoL !!
FOOK token has a major announcement today in their telegram re: relaunch:
https://t.me/FOOKToken
not sure BTC goes to $10K. i think it would take some unexpectedly bad bit of news, but maybe $15K? cash is definitely king in this environment.
Wow. You think btc will hit 10k? I am looking to buy some.
ProShares is apparently listing their Short Bitcoin ETF on Tues June 21!
ProShares is apparently listing their Short Bitcoin ETF on Tues June 21!$BITI | 0.95%
— ETF Hearsay by Henry Jim (@ETFhearsay) June 18, 2022
Direxion's short bitcoin ETF needed to be re-filed and now going effective on Jun 21, but no indication it's going to list that day.
AXS' is going effective Jun 24.https://t.co/dH4jpRtQrO https://t.co/tgYG3JPvBr pic.twitter.com/f2m17K0R3h
I also think FTM will make a comeback one of these days.
i'll be easy to find on telegram, for the time being:
https://t.me/AvalancheTokens
and will crank up the IHUB board for AVAX tokens (linked in my signature) when crypto is back in a bull market.
here's the plan, once BTC is really on the ropes:
Jerome Powell Says Central Digital Currency Being Examined
https://cbdcinsider.com/2022/06/17/jerome-powell-says-central-digital-currency-being-examined/
Any thoughts on how low BTC will go? Are we nearing the bottom?
speaking of robinhood! Elon Musk Sued For Billions Over Running Alleged Dogecoin Pyramid Scheme For 'Profit, Exposure and Amusement'
The Tesla and SpaceX CEO is being sued over claims of 'a crypto pyramid scheme.'
Madeline Garfinkle, Entrepreneur.com
June 16, 2022
https://www.chron.com/business/article/Elon-Musk-Sued-For-Billions-Over-Running-Alleged-17246912.php
The lawsuit claims that dogecoin "doesn't pay interest or dividend," and claims it has no unique utility "compared to other cryptocurrencies…It's not secured by a government or private entity." The complaint goes on to say that Musk used his power and recognition to "operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure and amusement."
Johnson is asking for $86 billion in damages plus $172 billion for losses incurred trading Dogecoin since 2019. Additionally, the lawsuit insists that Musk and his companies stop promoting the currency.
Musk, whose net worth is about $200 billion, according to Forbes, has yet to respond to the lawsuit. However, in the wake of dropping bitcoin value, Musk tweeted earlier this week "Cryptonight," as bitcoin fell to its lowest level since 2020.
Ugly report on Robinhood. Stock value worth less than its cash. Ouch.
https://www.bloomberg.com/news/articles/2022-06-15/robinhood-s-stock-is-now-worth-less-than-its-cash-on-hand
OTC:DRNG now Pink Current. C-AR (Crowdfunding Annual Report) filed yesterday. $2 million market cap.
https://www.otcmarkets.com/filing/html?id=15892261&guid=z8pwkWbMWD06Jth
Why Celsius and 3AC going under should cause you to worry
Why Celsius and 3AC going under should cause you to worry
— degentrading (@degentradingLSD) June 15, 2022
1/x
OTC:ARGQ Pink Limited to Current, after acquisition last month. Low float and market cap.
https://www.otcmarkets.com/stock/ARGQ/news/Argentum-47-Inc-Acquires-100-of-United-Kingdom-Based-The-Data-Source-UK-Limited?id=354957
QI is one of my fave AVAX-based tokens.
https://coinmarketcap.com/currencies/benqi/
buying these is easy. use https://chainlist.org/ to add the avalanche network to metamask. send some AVAX.
then go to trader joe or pangolin
https://traderjoexyz.com/trade#/
https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982
instead of paying $42 or $86 a trade like ETH, with AVAX it's about .12 per transaction. and much faster.
Barclays, Traders Set Sights on Fed Rate Hike of 75 Basis Points
https://finance.yahoo.com/news/traders-barclays-set-sights-three-152932895.html
when markets are crashing, that's when we should all be geting excited about which plays we're going to load for the next bull market.
could it take months or even years to get there? sure.
but any discount on value is more bullish than a market top.
leverage is on sale. figure out how you're going to tap it.
DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%
https://cointelegraph.com/news/defi-contagion-analysts-warn-of-staked-ether-de-pegging-from-ethereum-by-50
more detail here:
We saw LUNA implode after the $UST de-pegging disaster, something similar is brewing for $ETH & $stETH
— Neel (Crypto Jargon) (@Crypto_Jargon) June 11, 2022
A thread 🧵
same to you, creede!
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