EddieJayonCrypto
9 May 22
• Let's discuss the ugly monster in the room: crypto sucks right now if you don't know what to look for• Cathie Wood thinks the bottom is coming and there will be a blockchain explosion soon• "El Salvador just bought the dip!"• Terra's LUNA is still crashing, and I can't see an end until they fix th...
• Let's discuss the ugly monster in the room: crypto sucks right now if you don't know what to look for• Cathie Wood thinks the bottom is coming and there will be a blockchain explosion soon• "El Salvador just bought the dip!"• Terra's LUNA is still crashing, and I can't see an end until they fix the peg• US DOJ charged Mining Capital Coin's Executive Officer, Luiz Capuci for a $62M fraud scheme• Near Foundation launches a blockchain hub in Kenya• ApeCoin is still tankingI get it. It is nuts out there, but there are a ton of things that say this is going to wind up being a blip in time. Here's what's on my mind today. 1. Let's discuss the ugly monster in the room. The crypto market has tanked and there are a lot of people crying about how the sky is falling instead of seeing the massive opportunity. Well, I cannot convince everyone, but my journey is telling me to DCA! 2. Cathie Wood has taken many chances. Some seem odd and some seem spot on from jump. She now thinks the crypto market is nearing a close to its bear market and predicts an explosion in blockchain technology. I am glad someone agrees with me! 3. A few weeks ago, I told you how El Salvador was getting into Bitcoin. Well, they are not sleeping on this buying opportunity and have purchased another 500 Bitcoin. El Salvador President Nayib Bukele announced the country's largest purchase saying, "El Salvador just bought the dip!" 4. Terra's LUNA is still crashing, and I can't see an end until they fix the peg. They were hit with the perfect storm and missed on the algorithmic peg and the market crashing at the same time. I think they have plans to correct, but it is going to take some time to nail the details. 5. I constantly tell people to do their own research. When I say that I also mean you have to be thorough. Know who is involved with the project. Understand what the project is all about. If the project If the project sounds too good to be true, recognize it! Here is an example of why. The US DOJ has charged Mining Capital Coin's Executive Officer, Luiz Capuci for a $62M fraud scheme. He sold mining packages over 65K investors starting in 2018. He promised DAILY 1% returns for up a year, says the SEC. 6. In a quick note, did you know Kenya ranked fifth in crypto adoption in 2021? I guess that's why Near Foundation has opened a blockchain hub there. I think that is a VERY smart move since it will be the emerging markets that will power the next crypto explosion in my humble opinion. 7. On a side note, if you are wondering about ApeCoin, it is at $8.49. Not a good place considering it is only a few days since hitting only $.40 below its All-time high (ATH).