EddieJayonCrypto
17 Jul 22
There have been a lot of things going on in the past week that make me look toward the future. Here is what is on my mine today.1. Looking toward the future. Coinbase has given a lot of reasons to question their future viability. A couple of weeks ago I spoke about how they laid off a significant pe...
There have been a lot of things going on in the past week that make me look toward the future. Here is what is on my mine today.1. Looking toward the future. Coinbase has given a lot of reasons to question their future viability. A couple of weeks ago I spoke about how they laid off a significant percentage of employees. Enough to make me question their practices. Think about it. You put a bunch of people on the unemployment line, then you turn around and do a couple of really big deals. One of them being the purchase of $416M worth of staked ETH from Celsius. Then your CEO gets out there whining about how the company is strained due to growth. My response is it was the mismanagement of growth, but that's just me. Before you get mad at me, think about Binance and FTX. So, I pulled ALL of my digital assets from custodial wallets and I started with Coinbase. There seems to be a lot of noise starting to bubble up about Coinbase and even KuCoin. Mind you, KuCoin has been around for ages. 2. I have also been paying attention to the SEC case against Ripple. I am still having a hard time with it since the SEC attacked Ripple and not Ethereum. Still, there is a case that has led to the delisting of XRP from all US exchanges. To me that is a guilty until proven innocent. 3. Moves by Ethereum and Polygon tell me there's a lot of runway there. Remember what I told you about how a good public relations team works. They drop some news about what is coming, then how It is doing then about when it is here. Well, Ethereum and Polygon have those kind of press releases. So, there was a lot of thought given to my DCA strategy for both projects.