Weekly - Crypto market down 10% looking for support, NFTs on fire!! (Get Smarter in 5 Min)
The market has another flash crash over worries around Evergrande, now holding at $2Tn. NFTs continue to be on fire, setting new records. All in a regular Crypto week!
💡What’s in it for Me: Get Smarter in 5 Minutes
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🧠Quote of the week
📚Here is what I liked reading
7 Rules to Live a Better Life - (MUST READ) - Making hard choices now makes life easier later. Making easy choices now makes life harder later.
To Remember The Moment, Try Taking Fewer Photos - Snapping too many pictures may harm your ability to retain memories. But selfie addicts, don't despair! There are techniques to make photography enhance memory
5 Qualities of Highly Desirable People - That everyone can learn to build meaningful relationships. Wise men speak because they have something to say; Fools because they have to say something.
Blockchain Can Disrupt Higher Education Today, Global Labor Market Tomorrow- Blockchain can play its part in the education sector — record-keeping in 2–3 years and then adoption by the labor market?
What's the Fuss about Blockchain? Simplified Series - Crypto & Blockchain is all the rage. Let's look at a few analogies to understand it better and really understand what makes it special.
🔥Crypto Market Update
The Crypto markets continued to gyrate trying to get its head around the impact of Evergrande and the contagion if any. The market cap is down another 10% from last week’s $2.2Tn to $2Tn. But during the week there was another flash crash of 22% rating many nerves. The market continues to make “lower highs” & “lower lows” showing we aren’t really out of the woods yet.
Volatility is part of being part of the Crypto journey. If you were invested and the drop made you feel uncomfortable, now would be a good time to assess your position size and see if you want to reduce the size of your crypto portfolio.
On the brighter side, NFTs continue to be in full swing with new projects being minted every day and existing projects setting all-time highs. Thats a reasonable return over the last few months going from $750 to $2.8M
📺 Connected Brains PodCast
🙋♂️Term of the Week - “BuyWall”
Buy walls are a relatively new phenomenon in public order book exchanges with the rise of cryptocurrency trading. Buy walls are always manipulative in nature, designed to scare traders and skew price perception by placing anomalously large buy order(s) at a single price point. This will be reflected in the order book as a seeming "wall".
🤣Just for Laughs
It’s all about perspective. I once donated 5 bitcoins to PirateBay… 🤣
That's all, folks. 👋
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🚨Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.