I am very informed on blockchain projects and digital assets. How do I keep up despite all the noise? A key reason is that I vet and follow people who demonstrably give useful insights and perspectives. I have a long list and I don't waste time with people who are selling something (themselves or an asset) or have a bad track record or focus on FUD -- these types will never yield good value for your attention.
For Bitcoin, one of the people I follow the most is /u/jeanduluoz. He provides economically rooted perspectives on Bitcoin trading and Bitcoin technological decisions. What do I mean by "follow"? I navigate to Reddit and read through his comments and sometimes further jump to threads he participated in for fuller context. Here's one such quality comment that is applicable to the entire digital asset space that I found particularly insightful from last week:
Things are looking very good here. Yeah, some people are freaking out, but RSIs are looking strong on all time frames (moving toward oversold), and price is still over $2k. Bounces and resistance at all the expected places... there's nothing here to catch a person by surprise. It's very reassuring:
I would reference late march for a similar situation.
Also, the "bubbles" will last longer and longer, until they are moving at a glacial pace. Liquidity is so much higher than it was in previous years. For the economists here, there's an clear and natural relationship between market cap, liquidity, volatility, alpha, and "business cycle" (bubble cycle) frequency. With the liquidity we see now, this bubble will play out for the next 6 months to 2 years. In 2013, the bubble lasted a full year with 2 major run ups.
Just chill for a year or two, things will be very bright. The world economy is increasingly looking toward bitcoin and crypto - as global monetary policy pushes capital into assets like crypto, it is our job to make sure that bitcoin is ready to meet the supply for this demand. So far, we haven't been able to do so, and much of the capital has gone into alts. Once we reach a scaling solution, which we absolutely will, bitcoin will take the F off. I really have nothing but optimistic things to say.
Another example more recent and brief -- but he stresses how volume & liquidity in digital asset markets matters and how the whole space (and Bitcoin) is coiled like a spring:
Liquidity is at least double the 2013 bubble, and that was a 2-stage,100x, 1 year bubble. We have a ways to go. At least as long as other cryptos aren't soaking up all the growth that uses to go toward btc
The internet is funny and I have no idea who he is or what he make look like but I am picture him as:
This post was made using ChainBB to test it out.
I have a better idea, let us follow you and you give la creme de la creme of your investigation and insight.
I'm not that visible and keep a low profile. I'm a counterpuncher.
Bitcoin is a great thing that happened to us after the internet. Glad that we are knowledgable about it and steem, we are in a winning place. Thanks for this good post, very well written. Upvoted and following you for more.
thanks for this post, very valuable information, will be following you and the friend you mentioned ...
Bitcoin will change the world in a good way. Even tho there are people saying that bitcoin will not survive, I believe in the technology and the force behind it. Loved to read your post. Thanks! Followed you.
The technology can change the world AND Bitcoin can fade into irrelevance. 1.0 version of technologies don't always last...never last?
Thanks i will follow him.
It's great to see genuine minds in crypto, some are hard to find and are often drowned out by the twitter crowd that acts like they win every time, but sometimes you come across that one person that really knows what they're talking about.
Another protip: ignore anyone on Twitter who talks about whales or whose avatar is an animal or a space suit.
This is great! Will check! Thanks @eeks!
Thanks for this. I always try to gain better insight into the market but there is just so much ico noise and money grabbing screams of late.
Money grabbing schemes too, not just screams.
I think it is hard not to sell oneself on Steemit. The whole concept works through recognition. Nevertheless I try to create quality content. If you are into memory techniques, check out my posts.
You are being followed by a coin puppet!
Please follow it back ;)
People are allowed to sell themselves; it's just incumbent on people who read their content to be critical and scrutinize that content knowing the creators' biases. Often it's just easier to ignore such people altogether.
nice post...
Appreciate the information you just provided.
I am following you.
pls follow me.
Following someone and then immediately asking that person to follow you is bad etiquette. Like link trading when you have a website. So now I am less likely to ever follow you.