Tag: crypto

Cat Links Canuck's Corner, Newsletters

NFTs- Pt. 1, Did the bull never stop?

Posted on CryptoCanuck

Bears! The bane of hikers, salmon and investors alike. NFT collectors have been loudly lamenting the current market conditions we find ourselves in and thinking back longingly to the “good ole days”. But, are we actually in a bear market? Twitter sentiment says we are, but what do the numbers say? What does history tell us?

What if I told you the bull actually never went away? Volumes never really changed. What if I told you, your worthless crap is just worthless crap? The market analytics may just surprise you.

Let us first explore history, then we will get back to our current market. Like any good mania, “investors”, “founders” and “artist” flocked to the NFT PFP space. Much has been made about how this resembles the Dutch Tulip Mania of the 17th century.

Numbers, charts and pretty flowers. What does it all mean? Why TF do I care Canuck? I know, I know, bear with me here (pun intended)…… … Continue readingNFTs- Pt. 1, Did the bull never stop?

Cat Links Canuck's Corner, Crier's Corner

Layer 1s

Posted on nrn

Decisions decisions decisions. Choosing a blockchain is kinda like choosing an outfit for a fancy occasion.Similar to a bad outfit, being on the wrong chain at the wrong time can leave you standing out in a crowd for all the wrong reasons.

So why is layer 1 important? Ethereum was the first smart contract layer 1. Many smart contract platforms have developed to try and compete with Ethereum. A few major players in this space are Avalanche, Solana, Binance chain, Algorand, Cosmos, Cardano, and Harmony. Each of these chains offers a currently improved transaction speed.

Can a project survive if it is not a layer 1?
Are subnets a viable solution?
What is our personal investment strategy? … Continue readingLayer 1s

Cat Links Canuck's Corner, Newsletters, Uncategorized

The Celsius death spiral

Posted on CryptoCanuck

Only up! Big returns! Set it and forget it! What could be better? Growing up in the 80s, for me it was late night infomercials. In the mid to late 90s it was tech stocks, YOU CAN’T LOSE. Mid 2000s it was real estate. I mean who doesn’t pay their mortgage? Housing only goes in one direction, right? The year 2020 kicked off a whole new bull market. Come one, come all, crypto is the future! Give us your funds, you’ll be rich!

On June 12th, 2022 in A memo to the Celsius Community, the company announced “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts.” DOH! History was once again repeating itself.

The more the company lost, the more the market dipped, the more desperate Celsius became. Their liquidity was required to make the weekly payouts to keep new marks investors, coming in. Investment firms like all good politicians are all about taking risks with other people’s money. Why risk your own money when someone else’s is so readily available? … Continue readingThe Celsius death spiral

Cat Links Canuck's Corner, Newsletters

Market Chaos

Posted on CryptoCanuck

How does someone suffering market PTSD act boldly to take advantage of the current market? Though it may have been good for purveyors of heart medication, whiskey and antacids, investor watched as billions of dollars in market cap vanished into thin air. The bear has emerged from hibernation and has been feasting on portfolios.

When the fear subsidies the volume will pick up. I get many of you either don’t believe me, or are asking BUT WEN? WEN VOLUME? WEN MOON? WEN CANUCK WEN?

Spoiler Alert- Nobody really knows. History however does leave some clues which we can examine.

… Continue readingMarket Chaos

Cat Links Canuck's Corner, Newsletters

My Journey- Real Estate to Crypto

Posted on CryptoCanuck

I was lucky. I got some great advice early in my career from a very successful businessman. He said to me “never invest your time or your money in something that doesn’t continually pay you every month for the effort or capital you have previously invested.” He had been in the franchise restaurant business starting in the early 80s. He was nearing the tail end of his career as I was just starting mine, but his words always stuck with me. From these wise words I adopted the idea that the three sweetest words in the English language are “passive residual income”. That is the dream, right? Sitting on a tropical beach somewhere sipping a mojito knowing that while you are living the life of leisure, you are still getting paid. The picture painted by about every get rich quick scheme known to man, but the dream lives on. … Continue readingMy Journey- Real Estate to Crypto