EddieJayonCrypto
4 Feb 22
Here is what has me thinking today:1. Coinbase's listing practice is under question, as per reporting from the Financial Times. This could have some serious implications. An example was given where Coinbase supposedly had interests in a particular coin previous to listing the coin. Then when the coi...
Here is what has me thinking today:1. Coinbase's listing practice is under question, as per reporting from the Financial Times. This could have some serious implications. An example was given where Coinbase supposedly had interests in a particular coin previous to listing the coin. Then when the coin was listed it shot up. That gave current holders of the coin a chance to dump. That dump caused the coin to lose over 65% of its all-time high. If this is true, the implications would be insane. I suspect this story will continue to grow as we move forward. 2. The jobs numbers are off the charts. My question is always "Why are there such drastic changes when they correct previous numbers?". That said, I think this is going to seal the fate of the Fed upping rates. I, for one am not mad about that since all it means is money isn't free. I am not going to guess at how many rate hikes we should expect over the coming year. I am going to keep focused on crypto itself. 3. It says a lot that tech stocks took a hit yesterday , but Bitcoin held it's ground. Again, I think crypto was oversold and there is going to be further decoupling of tech stocks from cryptocurrencies as more people get educated and the right investors get into the space. 4. Getting into the sports space, Tezos and Manchester United have agreed on a sponsorship deal worth about $27M. This is a further push into sports by cryptos. Keep watch on Super Bowl Sunday where we will be seeing a lot of crypto commercials. I am expecting to see some pops from that. 5. Crypto analytics firm Chainalysis has purchased Abaxx, a government consultancy. This will add to its offerings to the government agencies. I suspect they are going to see a boom in business around the globe. 6. Someone asked me how to get started with cryptocurrencies. I started by doing some research into fiat (search for it on Google; trust me you will learn better). Learn how fiat moves. Then I did some research on Forex or the foreign exchange game and how you can trade one fiat for another to make a profit. Then dive into the top 10 or so cryptos by market cap. This will get into how they move, what they do and why people are interested in them. Then I got myself a wallet on an exchange. I think it was GateHub. Then I moved on to Coinbase and really learned how to trade across exchanges. Then I started diving into mobile wallets, offline wallets, browser-based wallets, etc. Each wallet serves a purpose some are more secure than others and some are on exchanges or are not. For me, each wallet has a specific purpose. Not to mention that all exchanges or wallets serve all coins.🔥 Check out my new NFT: https://opensea.io/assets/matic/0x2953399124f0cbb46d2cbacd8a89cf0599974963/70107227251895808812277070274325079555192346213643448933819430980363338383361/🚨 Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Eddie Jay on Crypto. Eddie Jay on Crypto may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.