Hey Frens,
Thanks for everyone who came out to my last workshop a few weeks ago. Some people commented saying they couldn't make that one, so here's a link to our next one for those who are interested. We'll be covering Ethereum, Bitcoin, Solana, and how to get started if you're a total beginner.
Hope to see some of you there!
https://www.meetup.com/crypto-and-nfts-for-beginners/events/283107674/
~BZ
So I think I am getting catfished by:
Tries to make stupid small talk on FB messenger. Has hints of bitcoin in her photos and likes. Is avoiding any sketchy crypto talks so far, just trying to be flirty. Seems like a scam and I am trying to figure out who is in these pics but its possible its AI produced. I was not able to get hits on tin eye or google images.
Her profile makes it sound like she spends time in Sydney and Los Angeles. Some of the pics have her with a microphone which looks like its some car racing event and says SxS on the microphone I think.
A lot of us (including myself) first invested in GameStop due to the craziness of the events in mid-late January 2021. I saw some weird shit on the bets sub, looked into it, saw that GME was at $30 up from like $8. I still didn’t bite. Eventually, I noticed even more commotion about the stock on Reddit, so I looked up the price. $80! It was at $30 like a couple days ago! That’s when I really looked into the thesis, and that same day I decided to invest.
I remember getting in at $90, then watching the price go into the hundreds…then just as swiftly falling back down to $80. That’s when I told my brother about it, and he threw some money at it. I also told my dad about it, but he said he didn’t need to add any more risk to his portfolio (he’s a 2017 Bitcoin guy). Of course once he saw the price hit $300, he just couldn’t help himself. He put in 300k lol. No bullshit.
Over the next few days we watched the price go up to 480…and then down again. He held all the way until around $60…and then he sold. Ouch. I guess that’s what happens when you invest purely on FOMO. Luckily, I doubled down right after I saw DFV do it. Not NEARLY as much as 300k, but still, it was a large amount for me…and the rest is history :)
I know a lot of us have somewhat similar stories, but I’m mostly interested in the apes who came in later. What made you decide to pull the trigger? Was it the OG GME sub? Was it SuperStonk? Or did someone convince you in person? I’d also love to hear from the January apes, too. I’m just curious as to how we all took different paths and ended up in the same boat.
In December, monthly inflation in the US was a bit higher than expected, reaching 0.5%, while the annual inflation increased to 7% and was the same as expected.
Economists expected that the consumer price index (CPI), a key measure of consumer prices released by the US Labor Department, will show that inflation jumped by 0.4% in December and 7% year-over-year – the highest increase in prices since 1982.
Bitcoin (BTC) moved up after the numbers were released, jumping from USD 43,400 to USD 43,900 in several minutes, and increasing its daily gains to around 5%. Ethereum (ETH) also moved up, surpassing USD 3,375 and increasing daily gains to 8%. While economists disagree on when inflation will peak, it’s well past the initial time frame the Federal Reserve (Fed) had expected to see.
“You’ve got the Fed in panic instead of patient mode, so the risk is overshooting... We’re now in a position of the Fed chasing instead of anticipating. It’s worrisome,” Diane Swonk, Chief Economist at Grant Thornton, told CNBC.
According to Marcus Sotiriou, an analyst at the UKUK-based based digital asset broker GlobalBlock, there may be a selloff in the crypto market if the inflation numbers are larger than expected. This, however, shouldn’t be a long event, “as I suspect the market has already priced in the worst-case scenario due to the persistent selling recently,” he wrote in an emailed note before the CPI numbers were released.
Sotiriou argued that the on-chain data is “generally bullish,” and that it suggests that these prices could be a buying opportunity, adding:
“Bitcoin has entered the buy zone for dormancy flow, which has only flashed 5 times in Bitcoin’s history, which all lead to incredible rallies. This indicator compares Bitcoin’s market cap to the annual value of destruction – in layman’s terms it compares price to spending behavior. As the percentage of people spending their bitcoin is so low. It shows the sentiment of investors, unwilling to sell their bitcoin at this price.”
As reported, yesterday, Federal Reserve Chairman Jerome Powell said during his confirmation hearing that ‘we probably remain in an era of very low interest rates.’
Should he be given another term, argues the founder and CEO of Quantum Economics Mati Greenspan, Powell “will retain his position as the key figure at the helm of the great money printer.” Rather than the statements, it is his “boring presence on the stage” and his “familiar monotonous message” of the economy being able to handle the COVID 19’s Omicron variant while gradually reducing quantitative easing and preparing to eventually raise interest rates – that helped alleviate investors’ concerns and put them at ease.
“It's also important to keep in mind that the markets have declined a lot lately, so they are more than due for an upside correction,” Greenspan wrote.
Meanwhile, in China, the inflation came in lower than expected. China's annual inflation rate fell to 1.5% in December 2021 from a 15-month high of 2.3% a month earlier. The latest reading was less than the market consensus of 1.8%, per Trading Economics data. Reuters noted that, in the case of this country, the “slower-than-expected December producer inflation made room for more monetary easing.”
Here’s a look at price increase in various sectors in last year :-
Price increases over last year (CPI report)... Gasoline: +49.6% Used Cars: +37.3% Gas Utilities: +24.1% Meats/Fish/Eggs: +12.5% New Cars: +11.8% Overall CPI: +7% Food at home: +6.5% Electricity: +6.3% Food away from home: +6.0% Apparel: +5.8% Transportation: +4.2% Shelter: +4.1%
Source:- CryptoNews
In December, monthly inflation in the US was a bit higher than expected, reaching 0.5%, while the annual inflation increased to 7% and was the same as expected.
Economists expected that the consumer price index (CPI), a key measure of consumer prices released by the US Labor Department, will show that inflation jumped by 0.4% in December and 7% year-over-year – the highest increase in prices since 1982.
Bitcoin (BTC) moved up after the numbers were released, jumping from USD 43,400 to USD 43,900 in several minutes, and increasing its daily gains to around 5%. Ethereum (ETH) also moved up, surpassing USD 3,375 and increasing daily gains to 8%.
While economists disagree on when inflation will peak, it’s well past the initial time frame the Federal Reserve (Fed) had expected to see.
“You’ve got the Fed in panic instead of patient mode, so the risk is overshooting... We’re now in a position of the Fed chasing instead of anticipating. It’s worrisome,” Diane Swonk, Chief Economist at Grant Thornton, told CNBC.
According to Marcus Sotiriou, an analyst at the UKUK-based based digital asset broker GlobalBlock, there may be a selloff in the crypto market if the inflation numbers are larger than expected. This, however, shouldn’t be a long event, “as I suspect the market has already priced in the worst-case scenario due to the persistent selling recently,” he wrote in an emailed note before the CPI numbers were released.
Sotiriou argued that the on-chain data is “generally bullish,” and that it suggests that these prices could be a buying opportunity, adding:
“Bitcoin has entered the buy zone for dormancy flow, which has only flashed 5 times in Bitcoin’s history, which all lead to incredible rallies. This indicator compares Bitcoin’s market cap to the annual value of destruction – in layman’s terms it compares price to spending behavior. As the percentage of people spending their bitcoin is so low. It shows the sentiment of investors, unwilling to sell their bitcoin at this price.”
As reported, yesterday, Federal Reserve Chairman Jerome Powell said during his confirmation hearing that ‘we probably remain in an era of very low interest rates.’
Should he be given another term, argues the founder and CEO of Quantum Economics Mati Greenspan, Powell “will retain his position as the key figure at the helm of the great money printer.” Rather than the statements, it is his “boring presence on the stage” and his “familiar monotonous message” of the economy being able to handle the COVID 19’s Omicron variant while gradually reducing quantitative easing and preparing to eventually raise interest rates – that helped alleviate investors’ concerns and put them at ease.
“It's also important to keep in mind that the markets have declined a lot lately, so they are more than due for an upside correction,” Greenspan wrote.
Meanwhile, in China, the inflation came in lower than expected. China's annual inflation rate fell to 1.5% in December 2021 from a 15-month high of 2.3% a month earlier. The latest reading was less than the market consensus of 1.8%, per Trading Economics data. Reuters noted that, in the case of this country, the “slower-than-expected December producer inflation made room for more monetary easing.”
Price increases over last year (CPI report)... Gasoline: +49.6% Used Cars: +37.3% Gas Utilities: +24.1% Meats/Fish/Eggs: +12.5% New Cars: +11.8% Overall CPI: +7% Food at home: +6.5% Electricity: +6.3% Food away from home: +6.0% Apparel: +5.8% Transportation: +4.2% Shelter: +4.1%
Source:- CryptoNews
The head of the U.S. central bank told the Senate Banking Committee the Fed would continue its tactics to combat rising inflation.
Bitcoin went up as high as $43,106 on Tuesday, leading a broad market recovery in crypto. The move came after the stock market in the U.S. halted its five-day rout ahead of the Consumer Price Index (CPI) data release on Wednesday.
At the time of publication, the most valued cryptocurrency was changing hands above $42,800, up over 2% in the past 24 hours, according to CoinDesk data.
Bloomberg reported the stock market climbed on Tuesday after Jerome Powell, the chair of the Federal Reserve, reassured investors the Fed will combat the current high inflation, signaling the central bank may reduce its balance sheet this year.
As CoinDesk reported, bitcoin and the broad crypto market have behaved strongly like a risk asset recently.
A key event to watch on Wednesday is the release of December’s U.S. consumer price index (CPI). Economists anticipate a 0.5% month-to-month increase in CPI to 7.1%.
In the past two months, bitcoin’s price experienced high volatility after the CPI data release. While some crypto traders and investors view bitcoin as a hedge against inflation, others consider it as a risk asset like stocks, which react to tightened monetary policy resulting from high inflation.
Most other major cryptocurrencies also rose on Tuesday. Ether, the second-biggest cryptocurrency by market capitalization, was up over 5% to above $3,200, at the time of publication. Layer 1 token NEAR remained the biggest winner. It is up nearly 13% over the past week despite the crypto sell-off.
Bitcoin (BTC) went trading above the $40,000 support level and was up about 3% over the past 24 hours from 9 p.m. UTC. Buyers are starting to return to the market, although the upside appeared to be limited to the $45,000 resistance level, which is also near the 200-day moving average.
On intraday charts, upside momentum is improving, which suggests buyers could remain active into the Asia trading day.
BTC is the most oversold since Dec. 10, according to the relative strength index (RSI) on the daily chart. Typically, oversold readings precede price recoveries, similar to what occurred in late September. This time, however, price reaction to the RSI and other indicators have been delayed.
Still, on the weekly chart, the RSI is not yet oversold, which decreases the chance of significant buying pressure.
There are a lot of ways to find jobs in industries related to crypto. Some of those are traditional and others are new trends cropping up where you can make an income. Read on for some pointers.
There’s a variety of DAOs that contributors can join – social DAOs, protocol DAOs, NFT gated DAOs/communities, investment DAOs, and more. A word to the DAOists, you probably won’t be able to effectively contribute in more than 2-3 DAOs (unless the DAOs are very small). Optimize for high quality contributions rather than low quantity contributions. DAOs want to work with people who stick around rather than those who jump to the hottest DAO.
Being an early adopter is easy in hindsight. However, in the moment it requires taking risks. Those risks include opportunity costs in time, capital, and attention. Early adopters often become the best people to hire early on as they become the most engaged members of a discord or community. Additionally, founders want to hire individuals who believe in their mission. Early adopters who are already contributing to projects in their free time are far better candidates than mercenary employees searching for the highest paycheck.
Nic Carter, Chris Burniske, Ryan Selkis, Derek Hsue, Phil Bonello, Ryan Watkins, and Kyle Samani all became names in crypto because they started writing blogs about blockchain topics, mostly related to investment or research. One of the highest skills you can leverage is your ability to write. It’s hard not only to write good content, but to have the guts to put your opinions out there. That being said, anyone can be a writer—never tell yourself otherwise.
Site like Publish0x pay you for writing for them.
Perhaps you’re not a wordsmith, but you excel at making videos, especially live content. Start your own Youtube channel or make some tutorial videos. YouTube is the second largest search engine – leverage it.
Podcasting is primed for crypto discussion. Jill Carlson and Meltem Demirors have a great podcast. Tony Sheng experimented with a fun podcast (still waiting for the next season). What Bitcoin Did by Peter McCormack.
If you’re in a locale teeming with blockchain activity, I recommend going to meetups or community events, most of which are free. Some common places to find events include Meetup and Eventbrite. For university students, check out your school’s blockchain club or start your own! I don’t recommend conferences if you’re looking for a job, as conference tickets don’t give a good ROI unless you’re incredible at networking (let’s face it you’d probably be employed if you were). Early NFT communities are starting to have meetups as are social DAOs like Bankless and Friends With Benefits.
By nature, we are all products of our environment. It’s no secret that if you want to be successful in tech, you should probably live where innovation is happening. I’m not saying you need to move to a major tech city like New York or San Francisco, but you should take advantage of it if you live there. Other up-and-coming tech cities in the U.S include Los Angeles, Denver, Austin, and Seattle. If you’re willing to venture abroad, you have even more options. Berlin, Shanghai, or Singapore are all great places to move to give yourself an edge.
Those with some working experience should utilize it. If you have any skills including:
Economics knowledge (crypto is underpinned by incentive mechanisms and game theory)
If you have any of these skills, then you possess an advantage over many others currently in crypto. For the students and youngsters out there, leverage your time to learn new skills or gain experience.
The crypto world is small compared to any other industry. You can reach out to people on Twitter and to a lesser extent email. Don’t reach out to the manager of a VC firm or CEO of your favorite crypto company. They likely won’t respond. Find someone newer to the firm as they likely have more time and will relate to you as a young professional. There are a bunch of articles about how to reach out to people.
Interning is the fastest way to find out if you like a field. If you’re a student at any level and have the chance to become an intern I highly recommend it. This is perhaps the best option for students looking to learn about cryptonetworks and get some experience. While doing my MBA, interning for a local cryptocurrency exchange in Hong Kong was a great initial experience to get my feet wet and become immersed in the crypto space.
You will feel like you are not qualified. Apply.
You will be afraid to tweet or post thoughts publicly. Do it anyway.
You will be wrong. That’s okay, your opinions are allowed to change.
Apply.
Source: https://messari.io/article/web3-jobs-how-to-get-a-job-in-crypto-updated-2022
