The Sunday Recap - Down the Rabbit Hole 23

April 6, 2019

 

 

That green candle - I bought BTC early in the week and rode it all the way up but I missed actually seeing it happen (glass half full)....ducked out on an errand came back to my office, opened the charts and saw a green candle running off the screen..zoomed out...nope still off the screen, zoomed out some more and finally found the top.

 

Far too early to tell if the bull is making a return. However, I feel fairly confident in stating that the bears are shaken -resistance broke, broke again and again...even on a steep retrace in the coming days and weeks, sentiment has shifted. It will be hard to overturn this newfound optimism in my opinion.  Be careful out there, but better price valuations may well be on the horizon.

 

I've included a few non-crypto articles this week as its rarely a good idea to lose track of developments in other markets, areas of tech and general economic conditions, all of which exert influence on the cryptoverse.

 


 Pick of the Week

 

Applying Fibonacci levels to the last few failed BTC rallies serve to put this one in context. If you are experiencing FOMO do yourself a favor and checkout this post by workin2005. I also highly recommend checking out this week's podcast a thoroughly civilised discussion by two crypto enthusiasts both of whom differ on my many points but nonetheless attempt to find common ground.

 

Twitter

 

Is BTC a conduit for energy efficiency?:

https://twitter.com/intjr/status/1112243976180883456

 

Making the most of this next quarter:

https://twitter.com/1MarkMoss/status/1112802277461540866

 

Man has a point:

https://twitter.com/22loops/status/1112221818771988481

 

Is the Bitcoin community really toxic?:

https://twitter.com/Ragnarly/status/1113937896044519425

 

Global money supply S&P 500 look mighty correlated:

https://twitter.com/jpthor__/status/1112261927256776704

 

A Book in a tweet thread - The Bitcoin Standard:

https://twitter.com/ydemombynes/status/985560599248756736

 Articles

 

CryptoPilots has launched a competition to redesign their logo:

https://trybe.one/cryptopilots-logo-challenge-win-10000-trybe-and-25-steem/

 

Part 2 of a series exploring the impact/significance/reframing of Bitcoin (highly recommended):

https://medium.com/@dergigi/economic-teachings-of-bitcoin-b2cc4f2cfa96

 

Zoom out and how early and profound this crypto revolution really is comes into focus:

https://medium.com/federman-capital/ignore-the-noise-the-blockchain-era-is-only-getting-started-952071680d51

 

Fake volumes- real core:

https://www.coindesk.com/exchange-volumes-may-be-fake-but-bitcoins-value-is-real?hootPostID=3b46db139c0bbd3a21fdda3e9656f77d

 

Understanding your area or limit of competence (recommended):

https://fs.blog/2013/12/mental-model-circle-of-competence/

 

Exploring drivers of economic instability:

https://www.coinspeaker.com/6-reasons-another-economic-crisis/

 

Some people find a way -even if it lands them in jail (non-crypto):

https://boingboing.net/2019/03/24/evaldas-rimasauskas.html

 

Mobility start-ups set to explode (general tech): 

https://medium.com/uvc-partners-news/the-european-mobility-startup-landscape-e4cc239fde99

 Podcast

 

 

An engaging and wide-ranging discussion of blockchain use cases beyond Bitcoin (skip to 4 min mark):

 https://www.whatbitcoindid.com/podcast/chris-burniske-on-the-ethics-of-investing-in-tokens

 

 

 YouTube

 

Workin2005 with a measured take on recent price action (highly recommended):

https://trybe.one/bitcoin-technical-analysis-quick-update-6/

 

 

Alessio Rastani urges caution re recent BTC bull run (worth keeping in mind):

https://youtu.be/wDzLJrLR1AM

 

 

Adding sense to ridiculous BTC price predictions:

 https://youtu.be/jOUSDDEwMTU

 

 

 Infographic

 

Guess who just got trendy?

https://www.wix.com/dashboard/fcab5df7-1b1a-41fc-a81c-a8c2f099b73b/app/61f33d50-3002-4882-ae86-d319c1a249ab?referralInfo=sidebar

 

 

 Website / Utility

 

Lots of options here to rate cryptos by various metrics:

 https://weisscrypto.com/en/coins

 

That's it for another week. Hope there were a few items of interest. Until next time. As always, looking forward to your comments and suggestions.

 

 

Note on Sources:

 

Twitter & Reddit (cryptos current meta-brains) / Medium / Trybe / Hackernoon / Whaleshares / TIMM and so on/ YouTube / various podcasts and whatever else I stumble upon. The aim is a useful weekly aggregator of ideas rather than news. Though I try to keep the sources current – I’ll reference these articles and podcasts etc. as I encounter them – they may have been published just a couple of days ago or in some cases quite a bit earlier.

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