Home CryptoAlameda Crypto Market Outlook the Good the Bad and the Ugly

Let’s start with Crypto Market UGLY

Ethereum

Caroline and Sam the FTX lovebirds have been moving Ethereum around in some seriously big chunks, one would think it is all a game and eventually it is all coming to market.

Bitcoin

FTX and the Thermonuclear implosion has sent out a massive shockwave and it looks set to hit several firms, for Bitcoin this could get very ugly. The is growing speculation that Greyscale will collapse, Grayscale said it will not follow the trend and perform a proof of reserves because it would no be the safe, Grayscale assures that its cryptocurrencies are held by the custody service provided by Coinbase, the only regulated and publicly traded cryptocurrency exchange in the United States.

SO the question now is does Coinbase have them, or did they short them to Greyscale FTX style?

Gemini, Genesis and many more are now under pressure, a drop below $13000 is going to see Michael Saylor and his MicroStrategy come under margin pressure, if that happens we are going low, low, low, low.

The Bad – Alt Coins

Close your eyes, the contagion from the leading Crypto’s is going to hurt.

There will be people selling to cover BTC and ETH losses, idiots that think their Altcoin is in someway connected to the 2 big Crypto’s DEX prices of ETH tokens will take a beating.

The Good – It is all building a better industry

The removal of the bad actors will hurt but it is for the best, if you are invested and believe in your project HODL. If you holding are already underwater, HODL. You only lose if you sell.

Long term Crypto is taking over, the bumps in the road will not end here, but at the end of the road a pot of gold awaits.

Until then my fellow futurists, Praise the Lord and pass the ammunition!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.