EddieJayonCrypto
8 May 22
• Follow-on macro event drops cryptos and it will continue tomorrow• Bentley University to accept Bitcoin and Ethereum for tuition payments• Terra's LUNA dropped 10% because of a normal pegging misalignment for UST• A UK hacker faces extradition to the US over the Sim-Swap crypto fraud• The US put o...
• Follow-on macro event drops cryptos and it will continue tomorrow• Bentley University to accept Bitcoin and Ethereum for tuition payments• Terra's LUNA dropped 10% because of a normal pegging misalignment for UST• A UK hacker faces extradition to the US over the Sim-Swap crypto fraud• The US put out a $15M bounty on Russian hacking group Conti• Instagram is going to support NFTs; what does that even mean?!• You can purchase real estate in Portugal using cryptoWhat I would do with $1K to invest in crypto every week starts today!Happy Mother's Day! There is a lot going on even today, including a follow-on macro event that has dropped the market. I am also going to share what I would do with $1K over the next week. Here is what is on my mind today.1. Are you one of the many trying to understand why things are taking such a nosedive? Well, it is not because crypto technology isn't sound. I have mentioned there are 3 macro events that are crushing all markets: inflation, Russia's criminal acts in Ukraine and supply chain issues stemming from the over-exporting of manufacturing (causing the inevitable reliance on other countries for the control of your future). A follow-on macro even just hit over those past few days that will further extend the downturn and it is the push by the world to stop the import of Russian energy coupled with OPEC's decision to side with Russia by not increasing production. 2. Bentley University is now accepting digital assets for tuition. They are not the first and they definitely will not be the last. 3. Terra's LUNA dropped 10% because of a normal pegging misalignment for UST. I call that an overreaction and expect it to go back up. 4. A UK hacker faces extradition to the US over the Sim-Swap crypto fraud/hack. Hackers are being hunted. 5. The US has offered $15M in for information to catch the Russian hacking group Conti. The United States is sending clear messages to Russia and North Korea that steps are being taken to stop them in their tracks and even retaliate. 6. So, Instagram is going to support NFTs. What the heck does that even mean?! 7. You can now purchase real estate in Portugal using digital assets. That is yet another step by this very well-known crypto haven. You can practically live your whole life using crypto in Portugal. 8. My brother, Elliot, has asked that I share what my strategy would be with $1K every Sunday. With all of the information I have from the preceding week I have been thinking about this request. The other day I mentioned I would be rethinking my DCA strategy for each of the coins I am interested in. Well, with the markets plunging so quickly I am acutely focused on technologies and projects that have proven utility. Then I am narrowing my focus within those to perform a deeper level of research, including charting and latest news. My weighting is different when looking at percentage gains versus gains by multiples.