About Crypto 120201 |

hey welcome back everybody to altcoin daily 
bitcoin right now consolidating near its  

local lows making a series of lower highs and 
lower lows right now sitting around 46 800  

with the altcoin market dumping even harder are 
you bullish are you bearish smash the like button  

and let's talk about the current state of the 
market my thoughts for the short term my thoughts  

for the long term there's no getting around it 
bitcoin continues to sink lower although i think  

it's worth noting that what we saw back here is 
a slightly higher high than what we saw near the  

beginning of 2021 and where we are today is still 
a higher low than what we saw in july of 2021  

there's no getting around it taking a look at 
the shape of the price action very similar to  

what we saw here so this bear is saying if this 
repeats all alts will get absolutely decimated  

regardless of their utility just like before and 
many won't rebound have both bullish and bearish  

trading and investing plans ready listen 
nobody likes to talk about worst case scenarios  

but this is on the table here now i myself am 
preparing for a massive dump but also i don't  

think this bull market is over i'm preparing 
for a massive pump but before we get into that  

let me just talk about why it is possible we 
sink a little bit lower it is possible because  

of news like this exploits like this and the fact 
that this news is getting propagated hardcore  

with the nft fud just everybody is hating on nfts 
and cryptocurrency right now combined with stuff  

like this i mean some people do this to manipulate 
the price down lower to get in better buys  

or because they're leveraged trading and they need 
to manipulate the market the whales do to make  

sure they don't get liquidated well either way 
let's go over these two recent stories and then  

we'll talk about how i'm preparing for a major 
pump so i mean first of all sec further delays  

bitcoin spot etf decision the much desired bitcoin 
etf continues to elude u.s investors although they  

have a spot bitcoin etf in canada although this 
is no longer taboo the us is still dragging their  

feet now the key takeaways are this the sec has 
delayed its decision on two separates bitcoin  

spot etfs by 45 days the spot etf proposals came 
from very well respected bitwise and grayscale  

and were supposed to be decided upon by tomorrow 
and thursday respectively the move should not come  

as a surprise to those who have kept up with 
the sec's moves so why they continue to delay  

this is anybody's game whereas anybody's guess but 
this does not project confidence into the market  

stuff like this is very unfortunate it's a reality 
but this does not project confidence in the market  

grim finance hacked for 30 million in phantom 
tokens grim finance is the latest d5 protocol  

to be hit by an exploit senator elizabeth warren 
recently came out and you know just talking about  

how bad defy is this keeps the sentiment and 
price down even more so this is why it would not  

surprise me if we continue to stay down low and 
consolidate or even have an even greater shakeout  

yet i'm still extremely long-term 
bullish so i guess my question to you is  

besides price besides price going up because price 
just can't go up forever how do you measure the  

success of an altcoin project and there's a lot of 
good answers on this thread make sure you follow  

us on twitter i'll link it below partnerships 
development number of users use case on-ramping  

good tech good tokenomics popularity low fees 
something to offer nfts games staking permanence  

resilience adoption all of these are really 
good things and i would say that is how you  

determine the success of an old coin project it's 
not really based on price are they continuing to  

build are they continuing to implement and 
understand this there are plenty of quality  

projects now that are doing just that for instance 
you know about this parachains now live on polka  

dot yet the mainstream media is silent they'll 
talk about the fud but they won't talk about  

the real adoption the real building that we're 
seeing and before we get into some major news  

let me just say this i think anybody who has been 
in cryptocurrency for at least two years is still  

ultra long-term bullish i think it's impossible 
not to see the progress and the cultural shift  

that is happening that has happened well how about 
one year maybe but definitely two plus years in  

my opinion it's impossible not to see it so with 
that being said let's talk about the interesting  

projects that are building and implementing 
and upgrading uniswap v3 contracts deployment  

on polygon approved with 99.3 percent consensus 
so unit swap is on ethereum they are deploying to  

polygon based on the voting with their 
governance token unit swap community has approved  

the governance proposal that sought deployment 
of uniswap v3 contracts over the polygon proof  

of stake eth layer 2 chain the approval comes 
in the form of an on-chain vote that saw the  

participation of over 72.6 million users from the 
community now along with deploying v3 to polygon  

you know swap labs has announced they will support 
this transition with a 20 million dollar fund  

15 million for long-term liquidity mining campaign 
and 5 million for the overall adoption of uniswap  

on polygon matic so uniswap labs unit swap 
is just one of many of the very well-funded  

projects that have money to deploy and have money 
to keep going out with the old in with the new  

you either adapt or you get left behind now in 
our video from a few days ago we talked about  

how justin sun the ceo of tron was leaving tron 
and i gave that as an example about how just the  

cultural shift in crypto is changing justin's son 
the poster boy in 2017 and 2018 for over hyped  

altcoin projects and then in their video from the 
other day i gave the example of the graph which is  

actually just one of many which are actually doing 
real things in crypto so there's that cultural  

shift and then there's cultural shifts like this 
you either adapt or you get left behind yes radio  

shack has pivoted to defy you've got questions 
they've got defy the two men who bought radio  

shack in 2020 are turning it into a crypto play 
attention crypto holders attention crypto traders  

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let me know if you did and this isn't just window 
dressing i mean visit their site radioshack.com  

they're pretty serious about this visit their 
frequently asked questions they break it down  

why radioshack d5 i mean there seem to be fully 
into this now whether this is successful or not  

who knows but they're going full force with this 
and you know what if they didn't radio shack would  

get left behind when was the last time you went 
to radio shack to get a little rc car back in 2005  

now the first d5 that radio shack 
is going to do is basically going to  

be a decentralized exchange to buy sell uh 
provide liquidity earn a yield it's kind of like  

their own version of uniswap is going to be their 
first foray into d5 that's their first thing but  

they have a lot more plans they're doing this 
with usv atlas and actually tai lopez if you  

are familiar with him is one of the people who 
bought radio shack in 2020 and is doing this  

so take that for you know what it is i i'm curious 
to hear your thoughts on this now i'm not buying  

the radio shack token if there is a specific radio 
shack token at this point but this tells me that  

you know the legacy system is realizing that 
they have to adapt and the ones that do adapt  

will be rewarded adidas you know about this let's 
continue adidas first ethereum nft drop sold out  

in seconds and netted 23 million and shoots 
to the top of the charts and you gotta believe  

that different companies are seeing the success 
that adidas is having and plenty of the other  

mainstream companies nike and they want 
that same success i mean the fact is if  

you tweet about cryptocurrency you get more 
engagement than if you tweet about other things  

people people are highly incentivized to become 
nft and crypto native and just start talking  

about it and implementing it because radio shack 
wasn't getting any engagement when they were just  

radio shack now they are everybody i encourage 
you try tweeting about cryptocurrency and see  

how passionate the community is and maybe 
that's nfts for you maybe it's bitcoin ethereum  

d5 whatever it is guys yes it is possible that 
we go a little lower yes it is possible that  

we spend a long time consolidating near the lows 
for max payne yet despite all this i continue to  

be long-term bullish and i am excited about 2022. 

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