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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (177881)	9/7/2021 9:02:37 PM
From: ggersh	Read Replies (1) \| Respond to of 217592

When all else fails empires attack what's real the empire is in an ICU ward. -nfg-

To: maceng2 who wrote (177881)	9/7/2021 9:21:43 PM
From: TobagoJack	Read Replies (3) \| Respond to of 217592

Re <<All cryptos hit>> ... am agnostic, and deployed 3/4 of the cash in the crypto accounts on even spread bet amongst BTC ($46,760 avg price), ETH ($3,450 avg price), and CSPR ($0.1164 avg price). Suspect CSPR shall ramp highest, ETH shall ramp soonest, and BTC shall at least hold value. The net result eventually should be that I net more CSPR. Should hiccup continue, the remaining 1/4 left in cash gets deployed. So starts the race. Everything is a game, because the Fed made it so.

To: maceng2 who wrote (177881)

9/8/2021 4:03:03 AM

From: TobagoJack

Read Replies (1) | Respond to of 217592

Reading in to the details of SOL and I say, “so what?”, as if I know better than the market, but perhaps I am wrong …

bloomberg.com

Solana’s SOL Token Weathers the Crypto Tumble Sparked by Bitcoin

Joanna Ossinger8 September 2021, 12:44 GMT+8

The sudden plunge in Bitcoin dragged the cryptocurrency world into a sea of red, but there was a key holdout: Solana’s SOL token.

SOL averted a big drawdown over the past 24 hours, underlining investor interest in the argument that its linked blockchain Solana is a potential long-term rival for Ethereum, currently the most-used network for applications like decentralized finance and digital collectibles.

Proponents tout the claimed speed and lower cost of transactions on Solana as well as its potential to support high-frequency trading strategies. Decentralized-finance projects using Solana technology recently surpassed $3 billion, highlighting the network’s ability to compete with Ethereum, according to Steve Ehrlich, co-founder of crypto trading app Voyager Digital.

The drop in the broader crypto universecame amid El Salvador’s troubled rollout of Bitcoin as legal tender due to glitches in the nation’s official digital wallet, which appear to have been resolved.

The largest cryptocurrecncy is down some 10% in the past 24 hours, whereas SOL has slipped about 2%. The overall market value of digital coins fell about $300 billion over the period, according to tracker CoinGecko. SOL has more than quadrupled in the past 30 days.

Ethereum Rival Solana Climbs to Seventh in Crypto Top 10

Transcript: Solana and Pyth Aim to Take DeFi to the Next Level

Sent from my iPhone

To: maceng2 who wrote (177881)	9/8/2021 4:05:19 AM
From: TobagoJack	Respond to of 217592

Empire strikes back bloomberg.com El Salvador’s Big Bet on Bitcoin Is Backfiring in Its Bond Market Tracy Alloway8 September 2021, 11:23 GMT+8 Get Odd Lots in your InboxSign up for the weekly newsletter on what Joe and Tracy are talking about, from semiconductors to MMT and the repo market. Sign up to this newsletter On Tuesday, El Salvador became the first country to adopt Bitcoin as legal tender, earning widespread plaudits from cryptocurrency enthusiasts. But it turns out that emerging market bond investors don’t seem to have loved the idea quite as much, or perhaps they were put off by the fraught rollout of the government’s Chivo Wallet, or maybe the subsequent “buy the rumor, sell the fact” price action in Bitcoin itself. The so-called ‘ El Salvador Selloff’ saw the price of Bitcoin tank by as much as 16% to $43,050, before recovering to reach around $47,300 as of publication time. Or perhaps debt investors were reacting to a decision by one of El Savador’s top courts on Friday that a sitting president could run for a second term — a move that potentially paves the way for Nayib Bukele to seek reelection and which Human Rights Watch has criticized as the latest dismantling of the country’s democratic institutions. Either way, El Salvador’s entire yield curve has now inverted, meaning bonds with near-term maturities are yielding more than debt that’s due further out. That’s generally considered a bad sign as it means investors see shorter-term debt as riskier, and most yield curves will slope upwards given the inherent uncertainty of pricing things over the longer-term. The move towards inversion appears to have begun in June, when the law to adopt Bitcoin was passed. Photographer: Alloway, Tracy Bond investors have embraced grand experiments in monetary policy in recent years, but so far it seems like they’re less inclined to accept ones in actual money. “El Salvador slipped on the first day of its new Bitcoin law,” notes Ben Emons, a strategist over at Medley Global Advisors. The price action is “an unwelcome sign that the wide use of Bitcoin may have major implications” for the country, he said. Sent from my iPhone