"At night I dream of a golden child with the same face as me. Separated by the vastness of space I miss my Monchichi. I take solace knowing we see the same stars twinkling high above. Without question, the most dangerous drug in the world...is love."
2023 Has been full of surprises. The relief rally finally showed up and BTC is pumping up like a new tire. If the momentum continues 30K is on the way. As I said in a previous blog, I don't think the bear market is completely over. If the weekly 50 ema moves back above the 100 ema I call that the silver cross (like the golden cross), then I'll become a believer that the next bull run has begun. In the mean time futures trading the swings has been a wild experience. Talking about riding turbulent waves.
The recent developments in the Celsius case have revealed enough information on insider corruption that it's hard to believe Alex Mashinsky won't go to jail. I never wish incarceration on anyone but some people really ask for it. I won't bore u with all the litigious details. The most criminal evidence presented during the court hearing was, that Celsius encouraged new members to deposit funds. Then, they would take those funds and use them to pay for other members withdrawals. Alex knew they didn't have the money and continued to take yours.
The situation is just as bad as it looks when reading it. What was just described is straight up theft! Even when u take in consideration FTX's role in the case, the operators of Celsius are still guilty. I don't rule out collusion between the two companies. There was a lot of backdoor dealings and greed that resulted in our funds being confiscated. The money is currently being gobbled up by lawyers while we creditors wait for the crumbs. The way things look there are two outcomes. The first, is that a big company buys Celsius and possibly repays creditors between thirty and fifty percent of their assets back. This is based on the value of the assets at the time of bankruptcy. The second, which is least appealing is that no suitable bid is presented and the case goes into Chapter 7 which is liquidation. In that case very similar to what is already occurring the lawyers get paid and the creditors receive nothing. Case over.
When comparing the two option neither is very appealing. Still. Getting something back is better than nothing. According to the hearing dates we will know the verdict sometime in the next six months. If Alex does go to jail he won't be alone. He can hangout with his old buddy SBF and trade investing tips. Not long after my last post SBF was arrested for his role in the downfall of FTX exchange. When the police showed up at his door I bet SBF was more nervous than a long tail cat in a room full of rocking chairs. You know he never expected to go to jail. Getting guys like them out of crypto is the right move for the industry. Now that so many big players are gone from the space a vacuum has been created. It will be interesting to see who steps in to fill it.
One of my favorite places to create is ending next month. Bored.ai the place where I discovered digital painting and learned to appreciate the craft. They're closing the discord server March 15th. After spending the last year evolving with the system upgrades and running a community club...its a sad feeling for the journey to end. The upper management stopped providing funds for the discord but let the NFT project continue. Since the announcement several community members have put in bids to buy the server. It's a nice ideal but I'm not getting my hopes up. Digital painting is a great way to expand your vocabulary while exercising the imagination at the same time. Since learning "prompt engineering" (which is using descriptive words to generate an image.) I've found there are a lot of new AI digital painting companies. Lucky for me a fellow club leader opened his own server call the the Alien Tech Club where I practice using many of them.
To be honest I haven't had a lot of time for painting, digitally or on canvas. Aside from doing some home renovations, and navigating difficult tax situations. I've been writing music and preparing for my show next month. I'm performing at the seventh edition of the RAHH (Raw Amsterdam Hip-Hop) event. It's the same crew, same place, dope beats and chill vibes. If you're in the area come through and party with us. 2023 has been keeping me busy and I'm enjoying the momentum. Hopefully things continue moving in a positive direction.
"A touch blue, a stroke of black, my hands caress the canvas like a lover. Words fail to conceptualize the exotic taste of colors."
I start this post with a heavy heart. My cousin Jacob died a few days ago. He was only thirty-two years old. It was one year ago that we buried his older brother Andrew. I had a super weird dream about his brother after he passed. As much as I love my cuzo... (rest in power) I do not want a repeat of that experience. This tragedy of youth is a microcosm of the craziness going on in the world. Its not all bad... but things definitely need to change.
Let's start with crypto. If u haven't been keeping track Gemini exchange may be the next crypto company to go insolvent. To date, there's Celsius, Voyager, 3AC (3 Arrows Capital), BlockFi, Alameda Research, FTX, and now Gemini which is owned by Genesis Global. These were all major players in crypto lending and trading. This cascading domino effect of falling kingdoms isn't only because of mismanagement of assets. There's strong evidence that many of the companies were sabotaged in a power grab to control the crypto industry. Back in May there were rumors that Celsius was the victim of a bank run targeted attack. As unbelievable as it may sound. It's the truth. Understand. I'm not disregarding the misappropriation of creditor assets, or the deceptive lies that were fed to us as the owners secretly withdrew there funds. What I am saying is the impetus of that debacle and the fall of several other companies listed above can be traced back to one specific competitor.
FTX exchange was owned by SBF (Sam Bankman-Fried). In the crypto space he is considered a very bad man. His attempt to destroy DeFi and enforce institutionalized control over the crypto industry with government support backfired. FTX exchange was a subsidiary of Alameda Research group. Through nefarious means those two companies are accused of industrial sabotage, fraud, theft and a list of other felonies that would get a commoner like myself thrown under a prison. How did they do it? According to information that's been made public by companies who have been a victim of FTX coming forward. FTX would require that new companies working with them had to provide the backend coding to their crypto coin. Then SBF used sophisticated programming to make clones of their coins. After, FTX would take massive high leverage short futures trades, then dump the synthetic coins on the market. This not only destroyed all their competitors, it also made SBF and his partners filthy rich.
If it wasn't for the fact that FTX burned half the crypto industry and stole money from so many people they might've gotten away with it. I wont get to deep into the story because BitBoy has been giving thorough coverage of the whole situation. In the latest development BitBoy traveled to the Bahamas (where SBF lives) and met with Bahamian politicians in attempt to get SBF arrested. Although he hasn't been arrested yet the DOJ (Department of Justice) has begun an investigation into FTX and Alameda. SBF and his family have serious connections in politics and media. The chances of them doing time is slim at best. In my opinion SBF will get off free and some low level minion is going to end up doing a few years in prison. Not to sound pessimistic, but the reality is for him to go to prison the DOJ would need incontrovertible proof that SBF is guilty. Even that may not be enough because money is power in politics. Meaning, if they can afford to pay the bill then there's no need for jail time.
Some people say this is a good thing for crypto. That all these platforms are getting destroyed like a wrecking ball through a building. They consider it weeding out the bad apples. Others feel like these falling kingdoms are fuel for the media to portray crypto negatively to the mainstream. Here's my opinion. Regardless of how bad the media talks about crypto. When the next halving comes in 2024 the narrative will switch. (facts) The crypto industry has died a thousand times in media. It has more lives than a cat. To be honest this prolonged bear market has shown more mainstream adoption than any previous market cycle. All the innovation happens during the bear market. That's how I know the gains in the next bull market are going to be bonkers!
Now that we're talking about the next bull market let me give u my two cents. The bottom is not in. Again this is just my opinion. The bottom for me will not be in until eth falls below one thousand. To be completely honest I believe it will fall below eight hundred. The eight hundred is speculative, but I'm certain of the one thousand. If I'm wrong and I miss the bottom. I'm okay with that. For me its always better to be a little late to the party than too early. (not investment advice) When the price was at 17k people were saying the bottom is in. You had big brains with charts, pointing fingers at lines, detailing why the bottom was in at 17k. I was constantly hearing social media figures saying dca (dollar cost average) now. The bottom is in. You don't want to miss it. Then btc dropped to 15k...oops. That wasn't supposed to happen. People lost money. Those same big brains got back on social media sounding like Urkel from Family Matters. "Did I do that?"
Once btc bounced off 15k the same narrative is being pushed with more enthusiasm. I have nothing against these people giving their analysis. When I look at the charts it also looks like the bottom could be in. It's the right time, the market has been in the red for a prolonged period. Plus a 15k btc when the top was at 69k is a steal. Hey, it all adds up. Except when u look at the macro economics, Tradfi (traditional finance), and geopolitical climate. It totally doesn't add up. I'm looking at how prolonged this bear market has been and how close we are to reaching that eighty-five percent drop. So far its been around seventy-five percent. It feels like there's going to be some fake out price pump short term relief rally coming. Then the real drop is going to happen. I'm waiting for that drop. That drop would give the charts symmetry. They say history doesn't repeat itself but it does rhyme. If that's the case eth will fall below a thousand one more time.
Speaking of rhymes. The Hip-Hop community has lost some gifted and revered artists this year. As a student of the culture watching the predatory practices happening to rappers is disturbing. I was a fan of all these brothas music and can say they will be truly missed. From the old school we lost DJ KaySlay and Coolio. I remember hearing my first KaySlay mixtape "The StreetSweeper vol 1. I knew then he was going to give DJ Clue and Tony Touch a run for their money. He brought that fearless attitude he used to put into graff art, to the turntables. He was a dope dj who helped launch a lot of artists music careers. Coolio was a west coast legend. He is one of the few rappers who crossed over to mainstream and was able to maintain his stardom for a lengthy career. He passed from natural causes due to a heart attack. From the new school PnB Rock and TakeOff from the group Migos. I liked both these guys tunes. It's a tragedy that they both were victims of gun violence. These are young men in the height of their careers. Like I said in the beginning of the blog. Things definitely need to change. May they all rest in power.
The world isn't all doom and gloom. Matter of fact...it could be a lot brighter real soon. Researchers at MIT have been experimenting on how to make bioluminescent plants since 2017. The first generation of plants used cells from creatures like the jellyfish and fireflies. Scientists would combine these bioluminescent cells with plants to make glow in the dark plants. The research was highly successful. Now they have a second generation. This new generation of bioluminescent plants utilizes specialized nanoparticles embedded into the plants leaves. These particles allow the plant to absorb light, store it, and slowly release it later. The new plants are charged by an led light for a few minutes. Then the length of glowing time and the amount of brightness generated is measured. The goal is to have a world with plant based lighting. The trees and bushes will use the sun for a charge. When the sunsets the plants will slowly release the charge and glow throughout the night. This will eliminate the need for street lights, reduce electrical costs and pollution. Of course using renewable energy from living plants is going to be met with radical opposition. But if enough traction gets behind this research it could bring society one step closer to running on green energy.
While people have been dying and world events playing out like a poorly scripted Monty Python film. I've been painting, writing and making music. Painting allows me to hyper-focus all my senses on what flavor can be created by blending colors. It's unbridled freedom of imagination...only restricted by the canvas borders. Music. You may find this strange but I believe music (rhythm, harmony, vibration) is the true language of the universe. When I make music it feels like my soul is resonating with an ancient vibration that's been going on for eons. For me, making music is therapeutic. I just posted a new song to my soundcloud. It's a ruffmix before It's sent for scratches and mastering. The song is called "Collection of Kingz." It's a tribute to all the people I've been building with over the years. You know who u are...salute! I'm back in the process of finishing the album. Life is what happens in between making plans. I've added some new songs and thrown some old ones out, due to changes in the legal climate. One must adjust with the cancel culture times. If the world doesn't fall into complete economic collapse in the foreseeable future the album will be out next year. If there is some global catastrophe...the release date won't matter because no one will be thinking about music. Just kidding. Check out the tune and if u like the music drop a comment.
What do I say to people who think I'm too old to be making music. Nothing. Let me let u in on a secret. The people u idolize and think have perfect lives. Their life is just as messed-up as u think yours is. The difference is... they learned how to hide it better. So, stop caring what other people think. Be yourself. And learn how to be proud of that. (Deep thoughts from a shallow mind)
"While traveling I've met some talented people, who can vanish in thin air. Its a terrifying ability because they can appear... from anywhere."
This post originally started about gaming. I planned on reviewing the Ratchet and Clank series. A few days ago I finished the version for the PS4 (PlayStation) console and felt like it's worth a review. The first time I played Ratchet and Clank was in 2002 on the PS2. It's a platform game mixed with third person shooter elements. There are also mini games inside the story which add another layer to the gaming experience. I have to talk about the details and nuances that allow Ratchet and Clank to be revamped for every PlayStation system another time.
The post got derailed when I saw an update about an inventor I wrote about in a past blog.Maxwell Chikumbutso, the self taught African inventor who created the first RF (Radio Frequency) television. What seemed like a million dollar invention that was going to benefit mankind, turned into a living nightmare. After media coverage of his invention Maxwell began receiving death threats. It wasn't to long after that he received financial threats. Finally he was poisoned. This is the third attempt on his life. He's currently in the hospital and his condition is quite serious. The RF television was just one of many green energy inventions Maxwell and his company Saith Technologies were developing. His inventions threaten to disrupt the strangle hold on power that the titans of industry have had for ages. These conglomerates control the gas, oil, electric and solar energy sectors that we rely on every day. The RF television would provide consumers independence from relying on fossil fuel energy. It changes the status quo. It is an understatement to say Maxwell made a lot of powerful enemies. Disruptive technologies that threaten the power balance have to be snuffed out before the public starts paying attention.
There's an unsavory pattern that's followed whenever someone presents inventions that could change the world.First, they try to buy it, confiscate it, or sabotage it. If that doesn't work, they begin attacking the invention itself. Usually to find some way of making it seem unsafe to society or functioning improperly. If that fails, they attack the inventors credibility and financial background. If the aforementioned methods aren't effective, the titans of industry utilize more diabolical measures. They assassinate the inventor. Then confiscate his research. That always solves the problem. If you're thinking this is a conspiracy theory or baseless conjecture with nothing to substantiate my words. You would be wrong. There are many examples of green energy inventors who have died under very questionable circumstances. There are even more green energy inventions that have disappeared. But I'll only talk about one. Similar to Maxwell Chikumbutsos' RF television this invention was so innovative, it could've truly changed the planet.
I'm sure you're thinking about Nicola Tesla. The genius who tried to provide the world free energy with his Wardeclyffe Tower. Although he is a good example...I'm not talking about him. Have u ever heard about the car that ran on water? Not many people have. The first time I heard about this missing technology was from the news in the 1990's. A garage inventor named Stanley Meyer created a "water fuel cell" that allowed the vehicle to operate on water. He successfully tested his invention many times and created videos with demonstrations. Before his untimely death in 1998 which everyone associated with the case said was due to poisoning (sound like a coincidence), Stanley was in talks with a major automotive company to produce a test model vehicle for manufacturing. The Pentagon and alphabet agencies like the CIA, FBI, and NSA, only show interest in inventions when the tech already works.
Just think about cars that ran on the most abundant resource on the globe. There's way more water than landmass. That invention would've ended fossil fuel dependency, reduced pollution and traffic, making the world a better place. It conjures images of a utopian society with cities powered by green energy. Where they focused on spiritual and technological advancements instead of warfare. Regardless of the disinformation published on Wikipedia about water fueled cars, they do not break the laws of thermodynamics. The person who wrote that should be banned for stupidity and rejected from editing any future wiki articles. The first water car was invented in 1935. Since then, the invention has been successfully recreated by numerous inventors only to end in ruination. To claim all these brilliant creators, inventors, engineers, and mechanics are frauds is preposterous. The question was never, could a water fueled car be made. The question has always been. Which company can successfully bring a production model of a water car to the consumer market?
Don't be one of the sheeple believing cars can't run on water. Wikipedia is written by the public so articles u read there aren't always fact. Do your own research. That's where the truth is hidden. The RF television, water fueled car, and Wardeclyffe Tower are just a few from thousands of missing technologies that could radically alter the planet. Maxwell Chikumbutso is another victim of an oppressive regime that keeps us dependent on energy sources that further pollute the earth. Rather than allow free energy and technological innovations be created that would improve everyone's life. To me this isn't about money its about control. My heart goes out to him and all the unknown backyard inventors whose creations have been stolen or lost to the sands of time. Hopefully Maxwell survives his ordeal and continues fighting to bring green energy technologies to the world.
If u think cars running on water sounds crazy. What about flying cars? Yes. You read that correctly..."flying cars." The flying car dream has been around for decades. The first time I saw it was in the cartoon The Jetson's. We've had the technology to create personal flying machines since the 1980's. There have been numerous inventors of flying cars over the years yet we're still driving on the pavement. Why? There are more UFO reports submitted every year. Plus with cell phone camera's people can show evidence of their experience. All these sightings happen while we're on the ground. If people were using skyways traveling through the air in high numbers. The amount of UFO sightings and video footage would increase exponentially. It becomes difficult for governments to say there's nothing unusual in the sky. When you're chasing it in a flying car while trying to get a picture for Instagram. Flying cars would make a UFO cover-up impossible. So no flying cars.
I'm not talking about wormhole technology, time machines, or some impossible science. We're talking about flying cars and cars that run on water. Difficult perhaps, but not impossible. Just so we're clear. In my opinion there is no impossible science. You only have to find the right mind (or group) and apply them to the problem to achieve a solution. This is missing technology that has already been invented but never implemented. By discussing the subject it spreads awareness about these inventions. Which will hopefully increase the survival rate of their inventors. And help these life improving creations finally be released to the public.
"In this world there are dark creatures, shadow dwellers, predators that hunt in the night. There's no protection from these nocturnal beasts...so always try to stay in the light."
Halloween is the theme. The time when nightmares consume dreams...and u get a whole lot of candy. With a pseudo holiday looming on the horizon the city is filling with travelers. There are already parties with people adorned in masks and furry costumes. During this period when days are shorter and the nights colder it's good to catch up on world news because things are getting interesting. Around the globe there is fear of economic collapse, devaluation of almost every currency against the dollar and many other fearful headlines. That's only half the news. The juicy stories about innovations in science, technology, and renewable energy get pushed to page two. Lets talk about those stories and the new developments with the Celsius case. Alex Mashinsky was serving nice guy Kool-Aid and we were all drinking it. Similar to cult leader Jim Jones of the Jonestown massacre, Celsius caused many people to commit suicide. We'll unpack that news later.
First, Sinogene Biotechnology, a company out of Beijing successfully cloned the first wild Artic wolf. The Artic wolf Maya, died sixteen years ago. The new Maya is a clone created by a process called ¨Somatic Cell Nuclear Transfer¨. A Beagle was used as the surrogate host that allowed Maya to be born. Beagles are genetic ancestors of the artic wolf. Maya is the first of her kind. But she's not the first clone created using this technology. The first successful clone was Dolly the sheep in 1996. Cloning technology in movies like Jurassic Park show how dinosaurs and other extinct animals could be revived by collecting enough of their DNA, then hybridizing it with a modern ancestor. Science is now at the threshold of being able to achieve that same goal. Imagine in ten years u could go to a zoo and see a miniature Stegosaurus right along side the lions, tigers, and bears.
In the field of astronomy and interstellar exploration, researchers have gained new data on 3 exoplanets in the Trappist 1 solar system that are in the habitable zone. The habitable zone is where a planet potentially fills the conditions to support life on earth. It has to be close enough to its sun to have land mass, oceans and oxygen. Yet far enough away that it doesn't cook us. Trappist 1 system is located in constellation Aquarius 40 light years away. This star system was first observed in 2017 by the Hubble, Kepler and other telescopes. There are a total of seven exoplanets in this red dwarf star system. Trappist 1e, 1f, and 1g are all in the habitable zone. It's 1e that has researchers excited. In 2022 the JWST (James Webb Space Telescope) observed Trappist 1e for several hours. Once all the data is deciphered astronomer's will know whether or not the exoplanet has an earth like environment. Since this is an older star system life forms there could be millions of year more advanced than earth. While we are looking at them through our big lens. They could have a bigger one looking back at us.
In the field of alternative energy a Dutch company named Flower Turbines has created a tulip shaped wind turbine. These turbines are on a vertical axis and designed to collect wind from any direction. When flower turbines are grouped together they drive wind into one another which results in a fifty percent increase in energy output. The turbines unique design helps them function at very low wind speeds, only generate sound from the wind, and makes them safe for birds. This technological advancement in renewable energy comes in a range of sizes and colors which makes them idea for a household or off the grid backpacker. The creators tried to combine beauty, art and functionality. Just one full sized turbine can reduce the energy costs of a household by one third. This could be helpful for people in low income environments with less access to electricity.
As the Celsius bankruptcy battle unravels in court the story has more twist and turns than a spy novel. There are many facts that were revealed by the courts that the owners lied about. One of the most shocking developments in the case was the doxing of all users of the Celsius platform. Doxing is the release of company information to the public. That means all the creditors who were part of Celsius when they went bankrupt had their account information released to the public. As surprising and damaging to privacy as that was, some aspects were not a bad thing. The reason why is, once the information was made public we (the creditors) found out that at least twenty percent of the people ranting about Celsius on social media don't have money on the app. Some don't even hold Cel token. There are people who just like drama and are involved to spread dissent in the community. I left five figures in the Celsius app and I invested another five figures through bnktothefuture buying equity in Celsius company. That means I have skin in the game and the right to speak on the situation. If u don't have crypto on the Cel app, or in Celsius custody, u are not part of the conversation. Therefore u need to sit down, watch the news, have an ice cream, and shut the f**k-up! Nobody is interested in your opinion.
Here are the facts that were released to the public. While Alex was telling everyone to trust Celsius things were going to be fine. Him and his top Celsius buddies removed their funds before withdrawals were halted. The company was insolvent long before withdrawals were halted due to over leveraged trading using creditor funds. In laymen terms Celsius was gambling with the creditors money while telling us the funds were in a savings account. The hole that Celsius created is in the billions. Now it makes sense that Alex would try to leave the country as the news reported. The Celsius community is strong and has almost a cult type following. No one (including me) wanted to believe all the negative rumors. Alex had the nice guy routine perfected and a lot of really smart people fell for it.
Now that Celsius is in Chapter 11 bankruptcy there is going to be a bidding process. Depending on how that process goes private companies could confiscate the assets and creditors get nothing. There is a group of individuals involved in the case trying to make sure that outcome doesn't happen. One of the people at the forefront of the fight is co-founder ofbnktothefuture, Simon Dixon. I've always had respect for Simon for what he's accomplished in the crypto space. That's one of the reasons I've been a member of bnktothefuture for so long and why I invested into Celsius through his platform. At first I was critical of Simons intentions because he was saying a lot of things that, at the time couldn't be corroborated. Also there were rumors that he was a vulture and wanted to buy the company assets for pennies on the dollar. No one knew what to believe. Fast forward three months and the truth is revealed. Everything Simon said would happen with the company did. He was right. Also, Simon is a creditor like the rest of us with funds trapped on the Celsius platform. He has compiled a seven part video series discussing his proposal for a Celsius recovery. His plan is gaining traction from the community but it will be some time before we find out if it can be implemented. Understand that I am in no way indorsing or opposing his plan. I'm only sharing public information that u may not be aware of. Check out the first part of his video series below.
Right now an examiner is investigating the Celsius case. It's possible that criminal charges will be brought against the Celsius board members, but that remains to be seen. There's a possibility that we will receive a portion of our funds returned in the future. It's also possible that Simon Dixons plan could be chosen by the examiners. All these events are possible, but there's only one thing that's a fact. No matter how much capital u lost on Celsius, it's not worth your life. People say Celsius caused more suicides than Jonestown and Terra Luna combined. Don't throw your life away because of money. You can earn money back...but u only get one life to live. Savor it. Also remember life can be like the bitcoin price. It will fall down on hard times but if u have perseverance and patience it always reaches new heights. (deep thoughts from a shallow mind)
May u be blessed with health, wealth, and prosperity.
"In life sometimes events seem to be moving on the right track. In reality it's two small steps forward...one large step back."
Amber and golden leaves fell on the damp ground as I inhaled the cool autumn breeze. Summer is over. Winter is coming. There's always a sense of meloncholy when summer ends. Summer is the time to be outside with lots of festivals and cultural events going on. The lose of warmth and sunlight is the same as a spring love that's gone cold. My apologies for rambling...I sometimes get distracted when writing.
We're living in strange times. The musical landscape has changed a lot since I released my first EP in 2002. Back then musicians could say some outlandish sh*t and it would be taken as art. We had freedom of expression and it's interpretation was never taken as literal. That is no longer the case. In fact over the last twenty years its become the complete opposite. It's like one of those B-rated sci-fi movies where the persons transported to a parallel world. A place where all the rules are reversed. In the age of "cancel culture," every spoken word, written thought, or musical composition can get u imprisoned. (Facts)
Now musicians are catching cases off songs. Art has become evidence used for persecution. This reminds me of the witch hunts in the 1800's. It's become such a serious matter that legislation has been drafted to stop the practice. The R.A.P. (Restoring Artistic Protection) act was introduced to the House of Representatives back in June 2021. The focus of the bill is to limit how an artists creative expression can be used against them in a criminal case. In a fair society legislation like this should never have to be written. Unlike other forms of music such as rock, country, or blues. The predominant type of artists catching cases off song lyrics are rappers.
To keep it one hundred. Its different if someone is stating all the facts to a crime with details and locations in a song. That's self incrimination and they deserve whatever punishment is appropriate for the crime. Using circumstantial evidence based off song lyrics is a fear tactic that stifles artistic freedom and creativity. Let me get off my soapbox. I just celebrated another year above ground and it has me contemplative. My love of making music hasn't changed, but my motivation to release it has been somewhat daunted. I despise drama. Recently, I had a situation where my words were used against me. That's a story for another day. Because of that situation I'm more cautious with everything I write.
To keep the stress compartmentalized I've been creating art. Although I've enjoyed developing my digital painting skills at Bored.ai, its not the same as canvas. The biggest difference is when I paint on canvas (or draw on paper) I can taste the colors. Even without having a preset ideal of what I want to create. Just by blending flavors together the painting goes its own direction and the image takes form. With digital painting u have to come up with the concept first then use descriptive words to generate the image. Both styles have pros and cons but my soul resonates with exploring new flavors. One of these days I'm going to take pictures of the two new pieces and post them in the gallery.
The Ethereum merger happened today. For all the anticipation in the crypto space, the outcome was quite anticlimactic. Most people were expecting the big pump up to 3k to begin. Instead the price dropped to 1450. Right now eth is struggling to get back up to 1500. There's a chance we could see the bottom this month. If that happens eth is falling below 1k. Some people are saying this is a great place to accumulate. (not investment advice)
Not me. September is such a volatile month I'm going to wait and see where the price is at the end. Its better to be a little late to the party then too early. I have a small dydx trade open with a liquidation point of 1340. If I lose that trade...I know were going down. Usually after we hit bottom the price goes sideways for awhile. That's the place I would accumulate. (not investment advice) I personally believe the price will rebound before the end of the year. We got a glimpse of the relief rally without any strong momentum. It's just my opinion but the charts are saying a pump is coming. So. I have my bags packed and I'm patiently waiting to board that ride to around 3K. You do what lets u sleep better at night. Regardless of the price action the eth merge was a success, which is a big win for crypto.
"Most opportunists enter crypto with schemes to get rich quick. While forgetting their investment could disappear...like a magic trick."
How do u spell relief rally? Ethereum. Yes, boys and girls the crypto pump is in full swing. If prices continue on their current trajectory Eth can hit 3K and Btc can clear 40K. If you're a fan of the Ichimoku cloud I'm getting those estimations from the weekly charts. If Btc breaks through 40K the sentiment will be that the next bull run has begun. People will start throwing money into the market with reckless abandon, expecting things to rocket up to 100K. Not me. If I had never been through a bear market before, I would be partying too. It would be time to change the shower curtain into a Toga, put a lampshade on my head, turn on Nirvana, "Smells like teen spirit," and start doing the running man. Oh yeah, daddy would get freaky with it. That description of money induced dance fever will never come to pass.
The reality is if Btc clears 40K i'm going to sell everything that's not staked so fast, my fingers will get friction burn from clicking the mouse button. The reason its called a relief rally is that it's a temporary pump before the price falls to a new low. In laymen terms I'm saying that breaching 40k is my signal to place short trades for the fall to 10K. (not financial advice) I'm definitely not saying the price will drop all the way to 10k. My trades will be based off price action from the past bear cycles. Remember, this is just my opinion. Do your own research. That's how u make money.
This Eth merger from proof of work (pow) to proof of stake (pos) will be the equivalent of three Btc halvings rolled into one. Depending on when it actually happens, the outcome will change the landscape of the crypto space. It seems like big business is aware of the profit margins and wants the largest piece of the pie. The list of corporate entities now involved with crypto is too long to write in this post. The effects will be seen by the next halving in 2024. Add-on the resolution of the SEC case against Ripple Labs (XRP) which should be resolved sometime next year. That creates a recipe for a super cycle with potential gains that will make the last bull market seem like crumbs. The one consistent occurrence in crypto is that it always goes higher or lower than people expect.
Now that almost all the crypto lending platforms have been liquidated, there's no one left to sell. Celsius filing for bankruptcy was a smart legal move. The question everyone is asking is what's next? Will we get all our money back? Will we get only a portion back? Will all the money go to the creditors and none to the retail investors? What's going to happen to the owner? Was there a crime committed? Will people go too jail? Here's what I can tell u. As of last week Celsius disbanded the ambassador program. We received the same information that was released to the public. If u want updates about the case...watch the news. I wrote the Celsius money off as a lesson learned. I have zero expectations that the funds will be returned. If they do get returned somewhere down the line that's a bonus.
Always remember the three rules of investing. 1. Don't invest more than u can afford to lose. 2. Don't lose money. 3. Never forget the second rule.
.jpg){kind=icon}
.jpg)
Posts
