Crypto Macro Trends for 2022

[Sprout]

Thanks!!

It has gone from ridiculous to ridiculously insane!!

Before the partnership with Tomb (Harry Yeh), it was already crazy with the thousands of percent APR's, now the APR's have come down but the price has mooned!! So the rewards are still 5 digits every day

Even though I think the price is going to continue going up, I started taking profits last night (trimming the position). Will do more today

2omb community always advises taking profits

• Take profits every day, even half or all or a portion of the rewards
• Sell on the green, buy on the red
• DBEL - don't be exit liquidity

They're doing testimonials from the community, the stories are a lot of feel-good stories, many are quitting their jobs because they earn multiple their incomes now in yields, some paid off very high student loans and some have become millionaires

Good stuff and I'm glad you were able to take participate(?)

Yes, doubled my stack since last week! I've been sweeping rewards and compounding my position. I wish I had picked up more 2share before it 4x. Henry's medium article was an interesting pivot, no wonder the TVL is mooning.

It seems like a new collaboration is in the works T/2/3, maybe I'll get a chance to participate in a genesis pool - super exciting!

 

[Sprout]

Thank you, Sprout

So far, in line of the thread Crypto macro, I think we can start to recognize Defi as a trend for this year, DAO and yields (not necessarily yield-farming, i.e. AAVE or GEIST)

I saw the news there's a DAO that may liquidate 85 BAYC, and that would be good, I want to get a Bored Ape but price floor keeps going up!! lol

On a related topic, saw in the news that IRS won't be taxing staked crypto assets, just saw the headlines

It's an interesting development

The crypto users will be able to fully utilize crypto's very important value proposition without having to worry about being unfairly taxed and the IRS will be able to get the information that they are having difficulties to access due to the decentralized nature of the platforms. It's a win-win. NFA, please, please, please everyone should consult with tax professionals

Yeah, I missed BAYC. I remember looking at them when the floor was 1 ETH, same with WoW. I was distracted by Punks trading up through 20k. I didn't like the art and was mistaken about the value proposition. I'll probably pick one up too at some point but most likely trade into it from a newer project.

Everyday brings a new opportunity to create more prosperity, I love these emerging markets!

 

[johnarb]

Everyday brings a new opportunity to create more prosperity, I love these emerging markets!

Yes, yes!!

Judging from the questions of the newcomers on Discord, a lot of new people are discovering defi

I think this is going to be a great year for opportunities. I've already had a great start and hope you and the others in cryptos much success

 

[johnarb]

** Post is for entertainment purposes only

re: BTC

"Price is now at extreme discounted levels compared to on-chain demand"

"...signs that institutional money is now re-entering the market"

** Post is for entertainment purposes only

Just an update on this, btc is up nicely from the low 30k'sh level, but the bad news is that on-chain analytics no longer signaling a bullish situation

Also, futures are causing a major factor in price moves

Imho, long term buy & hodl is the best with no leverage is the best way to play bitcoin and keep stacking, nfa

• "market structure is changing"
• "The futures sell-down has not yet alleviated"

 

[johnarb]

Even though I think the price is going to continue going up, I started taking profits last night (trimming the position). Will do more today

** Post is for entertainment purposes only

Meh, got too overconfident with "house money" mentality, did not take additional profits when 2share started selling off hard and just compounded rewards

Anyway, still have good returns overall and will start collecting yields instead of compounding into the yield farms

 

[NoahA]

on-chain analytics no longer signaling a bullish situation

This is worrisome. In a video I watched it was stated that the supply at exchanges continues to be depleted, which should be bullish. Can you provide any more details with regards to specifically what the analytics suggested?

 

[johnarb]

This is worrisome. In a video I watched it was stated that the supply at exchanges continues to be depleted, which should be bullish. Can you provide any more details with regards to specifically what the analytics suggested?

You are correct on the supply of spot btc's keep going down on the exchanges

If you look at my post, I put 2 excerpts from W. Woo's email, which basically is my indirect way of saying that bitcoin futures have a much stronger effect on the price of btc in the short term and "invalidates" on-chain data in the short term

In this particular case where "on-chain is no longer signalling bullish" it's specific to btc no longer in extreme oversold conditions while whales and retail are accumulating and supplies on exchanges are at historic lows

Bitcoin being up 30% from the $32K price means the oversold condition is no longer in-effect and we're back to the same on-chain data we had prior. We do not have the tailwind from that, any longer

So to circle back, bitcoin futures and bitcoin etf futures are dictating short term price moves. Institutions and hedge funds buy spot and short the bitcoin futures and bitcoin etf futures

Which is why I mentioned that the easiest way to play bitcoin is long term hodl and accumulate on dips so not to be shaken out by this bitcoin futures and bitcoin etf futures volatility

The answer to overcome the selling pressure from futures and futures-based bitcoin products is to have bitcoin spot etf or a major news like another nation-state adopting bitcoin

 

[johnarb]

Did you guys catch the update. The entire country is now under an emergency and your bank accounts can be frozen without consequence.

@deaddog

Reminder: the money you deposited in the banks are not your money any longer. They belong to the banks and you hope they let you spend it, but be careful they can freeze your accounts if you make a wrong move or whatever

https://www.the-sun.com/entertainme...lawsuit-wells-fargo-unfreeze-assets-dementia/

 

[Overnight]

@deaddog

Reminder: the money you deposited in the banks are not your money any longer...

US currency is the property of the US government. You cannot actually own US money. That is one reason why you cannot destroy it by burning it or tearing it or otherwise mutilating it, legally. It is not your property.

You posses the money only as a LOAN from the bank, to eventually pay them the debt you owe them by having it, because money=debt.

 

[Sprout]

@deaddog

Reminder: the money you deposited in the banks are not your money any longer. They belong to the banks and you hope they let you spend it, but be careful they can freeze your accounts if you make a wrong move or whatever

https://www.the-sun.com/entertainme...lawsuit-wells-fargo-unfreeze-assets-dementia/

It's eye opening to read the ToS and realize that they (banks) do not have to redeem your deposit upon demand but upon their discretion.