Friday, November 15, 2024

Trading Week Ahead - Week Starting November 18

Last week, inflation in the US increased at the forecasted rate but the bigger news was Fed Chair Jay Powell flagging a slower pace of rate cuts. Meanwhile, economic growth decelerated in the UK and Japan and US indices finished the week on the softer side as traders took profits from the ‘Trump rally’.

Inflation data for the UK and Japan will be in focus in the upcoming week, followed by PMI figures for major economies.

Visit Spreadex for more analysis and research.

Biggest Market Movers

  • Crude declined over 3% to around $67 due to oversupply concerns after OPEC countries reduced the demand growth forecast for the current and next years.
  • The Euro performed poorly against several currencies as investors expected the ECB to reduce interest rates further to mitigate the potential trade war with the US, falling to 1.05 against the dollar.
  • The dollar index spiked over 2% to a 13-month high after the Fed Chair stated there was no immediate need for interest rate cuts, with the USDJPY breaking through the 156 mark.
  • Bitcoin topped $90,000 on Wednesday but could not sustain those gains as dealers noted profit-taking in the latter half of the week.​

The Week in Review

US inflation accelerated as expected in October, with the headline rising to 2.6% while the core rate remained unchanged at 3.3%. However, the PPI figures the following day garnered market attention as prices rose at a faster rate than expected, undermining the disinflationary narrative.

Fed Chair Jerome Powell delivered a Thursday speech emphasising solid economic performance in the US and acknowledging that inflation would continue on a "bumpy path." He admitted that the inflation data released hours earlier was a "bigger bump" than expected and signalled a slower path to cutting rates.

The UK economy expanded at a slower pace than expected in Q3, with a preliminary reading of 0.1% compared to the expected 0.2%, hampered by unexpectedly sluggish exports. Employment figures also disappointed, with the unemployment rate unexpectedly rising to 4.3% from 4% previously. Monthly GDP for September turned negative at -0.1% instead of the expected +0.2% growth.

Chinese industrial production also disappointed, but retail sales outperformed; however, markets seemed focused on the continued decline in home prices as the central government continues to gradually introduce new China stimulus measures that have yet to match the initial market enthusiasm.

In geopolitical developments, Asian stocks underperformed as investors assessed the perceived hawkish initial appointments to the Trump cabinet, including Senator Marco Rubio as Secretary of State, the first occupant in that position actively under sanctions by China.

Israeli forces advanced further into Lebanon as press reports speculated that Prime Minister Benjamin Netanyahu was attempting to conclude the war before Trump took office. The Japanese Diet (parliament) called for special sessions later in the month to try to approve a budget as the political impasse continued after Shigeru Ishiba was confirmed as Prime Minister of a minority government.

Top Events in the Week Ahead

Over the next few trading sessions, the primary focus will be on inflation data.

Inflation, Inflation, Inflation

Canada will report its inflation figures first, expecting an increase to 1.9% from 1.6%, albeit within the Bank's target range. However, the core rate is projected to remain steady at 1.6%, likely maintaining BoC's easing bias. Trading at 2020 levels above 140, USDCAD could see further upside towards 1.4170, with support seen at 1.3865.

The UK will follow with its own CPI, with forecasts pointing to a return to the 2% target, while the core is expected to remain at 3.2%. Despite this, BOE Governor Bailey has cautioned about the need for reduced services inflation. Under the 200-week moving average of 1.2833, Cable could slide to 1.25 unless buyers reclaim the 1.29.

Finally, Japanese inflation figures are expected to stay above target. Market participants are almost equally divided on whether the BOJ will raise interest rates at its next meeting. USDJPY faces resistance at 157.50, whereas support below 153.95 sits at the 50-week moving average of 150.70.

Economic Weakness Led by Germany in Europe

Amid potential trade tariffs, attention has shifted to the subdued growth in the European economy. The release of flash PMI figures on Friday, especially for Germany, could garner heightened market interest as they are widely expected to remain firmly in contraction territory. Eurostat is expected to confirm that the inflation rate for October stood at the target of 2%, with the core rate at 2.7%. EURUSD falling below the 1.05 handle might open the door to the 1.0448 low formed in October 2023. Conversely, resistance above 1.0667 lies at 1.0705.

Other Events and Earnings

  • The week commences with the release of Japanese machinery orders on Monday.
  • On Tuesday, the RBA will publish the minutes from its most recent meeting.
  • Wednesday brings Japan's trade balance figures and German PPI data.
  • Thursday features the existing home sales report for the US and PMIs.
  • Friday concludes the week with the University of Michigan consumer sentiment index for the US.

The unofficial earnings season draws to a close throughout the week, with major corporations such as Walmart, Lowe's, Medtronic, Nvidia, Intuit, Deere, and The Buckle yet to report their financial results.

Source: Spreadex


Thursday, November 14, 2024

Friday, 15th November 2024: Technical Market Analysis and Trading Signals

Technical Analysis Table for Key Assets

Asset Direction Pivot 1st Support 1st Resistance Technical Indicators
DXY Bearish 107.21 106.48 107.89 RSI, MACD, Fib Levels
EUR/USD Bullish 1.0503 1.0462 1.0615 Moving Averages, RSI
EUR/JPY Bearish 164.92 163.31 165.96 MACD, Fib Retracements
EUR/GBP Neutral - 0.8269 0.8347 Bollinger Bands, RSI
GBP/USD Bearish 1.2719 1.2613 1.2817 Trendlines, MACD
GBP/JPY Bearish 199.58 196.73 202.51 Stochastics, RSI
USD/CHF Bearish 0.8919 0.8762 0.9039 MACD, Bollinger Bands
USD/JPY Bearish 157.71 154.66 161.84 RSI, Fib Levels
USD/CAD Bullish 1.4000 1.3959 1.4145 Trendlines, MACD

Investing Strategy 382173

Asset Direction Pivot 1st Support 1st Resistance Technical Indicators
AUD/USD Bearish 0.6488 0.6438 0.6542 RSI, MACD, Fib Levels
NZD/USD Bearish 0.5868 0.5780 0.5936 Moving Averages, RSI
US30 Bullish 43,331.19 42,747.66 43,879.76 MACD, Fib Retracements
DE40 Bearish 19,278.40 19,098.90 19,512.15 Bollinger Bands, RSI
US500 Bullish 5,871.63 5,802.90 5,963.30 Trendlines, MACD
BTC/USD Bullish 86,719.44 80,166.28 92,927.49 Stochastics, RSI
ETH/USD Bullish 3,065.22 2,853.86 3,316.04 MACD, Bollinger Bands
WTI/USD Bullish 67.66 66.02 70.39 RSI, Fib Levels
XAU/USD Bearish 2,588.80 2,529.88 2,649.48 Trendlines, MACD

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Sourcehttps://www.investing.com/studios/article-382173

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https://www.investing.com/studios/article-382173

DXY (US Dollar Index)

  • Potential Direction: Bearish
  • Pivot: 107.21
    • Supporting Reasons: The pivot serves as a swing-high resistance, indicating an area where selling pressure may intensify.
  • 1st Support: 106.48
    • Supporting Reasons: An overlap support aligning closely with the 23.6% Fibonacci retracement, marking a potential support area if the index declines.
  • 1st Resistance: 107.89
    • Supporting Reasons: Swing-high resistance, likely capping any immediate upside momentum.

Additional Technical Indicators:

  • RSI: The index's RSI is approaching overbought levels, suggesting a possible reversal.
  • MACD: Currently bearish, with momentum signaling a potential downward move.
  • Fibonacci Levels: Resistance aligns with critical retracement zones, reinforcing the bearish outlook.

Upcoming Economic Events Impact:

  • 15:30 USD Retail Sales (MoM) (Oct): A decline in retail sales could weaken the dollar, supporting the bearish outlook on the DXY.

https://preview.redd.it/4bpb6nbdg01e1.png?width=1459&format=png&auto=webp&s=e703b3e2af0c24d7ba7abe7c2f28af566788c3b1

EUR/USD

  • Potential Direction: Bullish
  • Pivot: 1.0503
    • Supporting Reasons: Swing-low support aligning with the 100% Fibonacci projection, indicating a zone for renewed buying interest.
  • 1st Support: 1.0462
    • Supporting Reasons: Multi-swing low support, potentially acting as a strong floor if prices dip.
  • 1st Resistance: 1.0615
    • Supporting Reasons: Pullback resistance aligned with the 23.6% Fibonacci retracement, likely to cap gains temporarily.

Additional Technical Indicators:

  • Moving Averages: 50-day MA crossing above the 200-day MA, signaling a potential reversal to the upside.
  • RSI: Rising towards bullish territory, suggesting strengthening momentum.
  • Bollinger Bands: Price is close to the lower band, indicating a potential reversal.

Upcoming Economic Events Impact:

  • 09:45 EUR Consumer Price Index (YoY) (Oct): A strong CPI could bolster the euro, aligning with the bullish EUR/USD outlook.

https://preview.redd.it/m3r2chfeg01e1.png?width=1459&format=png&auto=webp&s=5a01762282f259b53491bcd0380a442b8b8efeef

EUR/JPY

  • Potential Direction: Bearish
  • Pivot: 164.92
    • Supporting Reasons: Overlap resistance aligned with a 50% Fibonacci retracement, signaling potential selling pressure.
  • 1st Support: 163.31
    • Supporting Reasons: Overlap support near the 38.2% Fibonacci level, providing a solid floor if the price drops.
  • 1st Resistance: 165.96
    • Supporting Reasons: Pullback resistance close to the 78.6% Fibonacci retracement, likely capping any further upward movement.

Additional Technical Indicators:

  • MACD: Bearish crossover hints at further downside potential.
  • Fibonacci Retracement: Key retracement levels align with support and resistance.
  • Stochastic Oscillator: Indicates overbought territory, suggesting a bearish reversal.

Upcoming Economic Events Impact:

  • 10:00 EUR Wholesale Price Index (MoM): Weak wholesale price data could further pressure EUR/JPY, supporting the bearish outlook.

https://preview.redd.it/jgogmerog01e1.png?width=1462&format=png&auto=webp&s=192d5dd2f3afee0081137a7d8bfb87bf984e5228

GBP/USD

  • Potential Direction: Bearish
  • Pivot: 1.2719
    • Supporting Reasons: Overlap resistance close to the 23.6% Fibonacci retracement, suggesting a potential reversal.
  • 1st Support: 1.2613
    • Supporting Reasons: Swing-low support that could offer a foundation if the price falls.
  • 1st Resistance: 1.2817
    • Supporting Reasons: Overlap resistance near the 50% Fibonacci retracement, potentially capping further upward movement.

Additional Technical Indicators:

  • Trendlines: Major trendline resistance highlights downward pressure.
  • MACD: Bearish divergence signals a possible continuation of the downtrend.
  • RSI: Bearish territory, indicating limited upside.

Upcoming Economic Events Impact:

  • 26' GBP Gross Domestic Product (QoQ) (Q3): A weaker-than-expected GDP reading could put further pressure on GBP/USD, supporting the bearish outlook.

https://preview.redd.it/tpqgfqqqg01e1.png?width=1459&format=png&auto=webp&s=0a3f2d1177749571f4663171a1b68f14a93e43d5

USD/JPY

  • Potential Direction: Bearish
  • Pivot: 157.71
    • Supporting Reasons: Overlap resistance aligned with the 78.6% Fibonacci retracement, suggesting intensified selling pressure.
  • 1st Support: 154.66
    • Supporting Reasons: Overlap support providing a base for potential price stabilization.
  • 1st Resistance: 161.84
    • Supporting Reasons: Swing-high resistance likely to cap further gains.

Additional Technical Indicators:

  • RSI: Overbought levels suggest a possible reversal.
  • Fibonacci Levels: Align with both support and resistance, strengthening the analysis.
  • MACD: Negative divergence indicates further bearish momentum.

Upcoming Economic Events Impact:

  • 15:30 USD Retail Sales (MoM) (Oct): Weak sales figures could support a bearish outlook for USD/JPY.

https://preview.redd.it/ylic8e4tg01e1.png?width=1461&format=png&auto=webp&s=f7c00dd57f8485bc3d791b000c6763c19df9c860

USD/CAD

  • Potential Direction: Bullish
  • Pivot: 1.4000
    • Supporting Reasons: Pullback support near the 38.2% Fibonacci retracement, suggesting potential upward momentum.
  • 1st Support: 1.3959
    • Supporting Reasons: 50% Fibonacci retracement level, providing an additional layer of support.
  • 1st Resistance: 1.4145
    • Supporting Reasons: Resistance aligned with the 61.8% Fibonacci projection, potentially limiting gains.

Additional Technical Indicators:

  • MACD: Positive crossover indicates bullish momentum.
  • Moving Averages: 20-day MA above 50-day MA supports an upward trend.
  • RSI: Bullish zone, with levels around 60 signaling a continued uptrend.

Upcoming Economic Events Impact:

  • 15:30 CAD Wholesale Sales (MoM) (Sep): Positive results could support CAD, while weak sales figures may boost USD/CAD.

https://preview.redd.it/goys7n6ug01e1.png?width=1461&format=png&auto=webp&s=a4c29d0df6b4db57ca311ad800b364a326774b13

AUD/USD

  • Potential Direction: Bearish
  • Pivot: 0.6488
    • Supporting Reasons: This pivot serves as an overlap resistance, indicating potential selling pressure and a reversal opportunity.
  • 1st Support: 0.6438
    • Supporting Reasons: Identified as a swing-low support, potentially stabilizing the price if it falls.
  • 1st Resistance: 0.6542
    • Supporting Reasons: Pullback resistance that aligns with the 38.2% Fibonacci retracement, likely to halt further gains.

Additional Technical Indicators:

  • RSI: The RSI is nearing oversold levels, supporting a potential bearish reversal.
  • MACD: Currently bearish, indicating downward momentum.
  • Fibonacci Levels: Resistance levels are reinforced by key retracement points.

Upcoming Economic Events Impact:

  • 15:30 USD Retail Sales (MoM): Positive sales data may support USD, reinforcing a bearish view on AUD/USD.

https://preview.redd.it/isss6dhvg01e1.png?width=1463&format=png&auto=webp&s=78bc7a5920aef9de3c460f45b8270b78d97ec9a5

NZD/USD

  • Potential Direction: Bearish
  • Pivot: 0.5868
    • Supporting Reasons: Positioned as a pullback resistance, likely to invite selling pressure.
  • 1st Support: 0.5780
    • Supporting Reasons: Swing-low support provides a potential support area for price stabilization.
  • 1st Resistance: 0.5936
    • Supporting Reasons: Aligned with the 50% Fibonacci retracement, this level may limit any upward movement.

Additional Technical Indicators:

  • Moving Averages: A 50-day MA crossover below the 20-day MA indicates sustained bearish momentum.
  • RSI: Approaching oversold, suggesting limited upside potential.
  • MACD: Bearish crossover, signaling further downside.

Upcoming Economic Events Impact:

  • 15:30 USD Import Price Index (MoM): Higher import prices could favor the USD, supporting a bearish outlook for NZD/USD.

https://preview.redd.it/wpm0u9owg01e1.png?width=1467&format=png&auto=webp&s=f200dd1e3cf2aa2cd44a6721999365ec7b0eb0c0

US30 (DJIA)

  • Potential Direction: Bullish
  • Pivot: 43,331.19
    • Supporting Reasons: The pivot aligns closely with the 38.2% Fibonacci retracement, potentially attracting buyers.
  • 1st Support: 42,747.66
    • Supporting Reasons: Positioned at the 61.8% Fibonacci retracement, offering a strong floor for price support.
  • 1st Resistance: 43,879.76
    • Supporting Reasons: An overlap resistance that could cap gains temporarily.

Additional Technical Indicators:

  • MACD: Positive divergence suggests potential bullish momentum.
  • Fibonacci Levels: Multiple levels aligning with support and resistance.
  • RSI: Neutral zone, providing flexibility for price movement.

Upcoming Economic Events Impact:

  • Fed Speech: Any indication of economic support could bolster the outlook for the US30.

https://preview.redd.it/xh3ckyyxg01e1.png?width=1459&format=png&auto=webp&s=7de54d6df002c6672a88d79aba2ef94592c52282

DE40 (DAX)

  • Potential Direction: Bearish
  • Pivot: 19,278.40
    • Supporting Reasons: Resistance aligns with the 61.8% Fibonacci retracement, suggesting potential selling pressure.
  • 1st Support: 19,098.90
    • Supporting Reasons: Pullback support near the 38.2% Fibonacci retracement level, likely to act as a key support.
  • 1st Resistance: 19,512.15
    • Supporting Reasons: Multi-swing high resistance could limit further upward movement.

Additional Technical Indicators:

  • MACD: Bearish crossover indicates downside potential.
  • Bollinger Bands: Price near the upper band suggests a reversal.
  • Stochastic Oscillator: Overbought levels support a bearish outlook.

Upcoming Economic Events Impact:

  • 09:45 EUR Consumer Price Index (YoY): Lower-than-expected CPI data could weigh on the DAX, reinforcing a bearish outlook.

https://preview.redd.it/7vhi8d9zg01e1.png?width=1456&format=png&auto=webp&s=1f46e60340cf4d8084a018a2817f1f2af8c4aa7a

US500 (S&P 500)

  • Potential Direction: Bullish
  • Pivot: 5,871.63
    • Supporting Reasons: Pullback support near the 50% Fibonacci retracement, indicating a potential rebound area.
  • 1st Support: 5,802.90
    • Supporting Reasons: 61.8% Fibonacci retracement support, likely to provide stability.
  • 1st Resistance: 5,963.30
    • Supporting Reasons: Pullback resistance, possibly limiting further gains.

Additional Technical Indicators:

  • Trendlines: Upward trendline provides support for further gains.
  • MACD: Positive crossover favors bullish momentum.
  • Bollinger Bands: Price nearing lower band indicates potential for reversal.

Upcoming Economic Events Impact:

  • 15:30 USD Retail Sales (MoM): Positive retail data may support the US500 outlook.

https://preview.redd.it/7sb7e0b1h01e1.png?width=1466&format=png&auto=webp&s=a0356d94b819247bc8f99ba4472e6e5d57a2c7cf

BTC/USD (Bitcoin)

  • Potential Direction: Bullish
  • Pivot: 86,719.44
    • Supporting Reasons: Pullback support near the 23.6% Fibonacci retracement, indicating a favorable level for buyers.
  • 1st Support: 80,166.28
    • Supporting Reasons: Positioned around the 50% Fibonacci level, reinforcing support.
  • 1st Resistance: 92,927.49
    • Supporting Reasons: Swing-high resistance near the 161.8% Fibonacci extension, likely to cap gains.

Additional Technical Indicators:

  • MACD: Positive divergence supports a bullish outlook.
  • RSI: Bullish territory, strengthening the outlook.
  • Fibonacci Levels: Multiple retracement levels align with support and resistance zones.

Upcoming Economic Events Impact:

  • Fed Speech: Hawkish tones could impact BTC, making it a risk-sensitive asset.

https://preview.redd.it/tmq08ze2h01e1.png?width=1463&format=png&auto=webp&s=354b88f71fd639a8cc482a63f7ed11c87885aaee

ETH/USD (Ethereum)

  • Potential Direction: Bullish
  • Pivot: 3,065.22
    • Supporting Reasons: Overlap support near the 38.2% Fibonacci retracement, attracting buying interest.
  • 1st Support: 2,853.86
    • Supporting Reasons: Aligned with the 50% Fibonacci retracement, adding support.
  • 1st Resistance: 3,316.04
    • Supporting Reasons: 61.8% Fibonacci resistance, potentially limiting gains.

Additional Technical Indicators:

  • RSI: Rising towards bullish territory.
  • MACD: Positive crossover, supporting potential gains.
  • Bollinger Bands: Price close to the lower band indicates possible reversal.

Upcoming Economic Events Impact:

  • Fed Chair Speech: Any market sentiment shifts could impact Ethereum.

https://preview.redd.it/vdqexxi3h01e1.png?width=1465&format=png&auto=webp&s=b7363e6a5af6e28aed29b0d0c37a7cc77453be6e

WTI/USD (Oil)

  • Potential Direction: Bullish
  • Pivot: 67.66
    • Supporting Reasons: Multi-swing-low support, reinforcing potential for a rebound.
  • 1st Support: 66.02
    • Supporting Reasons: Swing-low support, providing a firm base for stabilization.
  • 1st Resistance: 70.39
    • Supporting Reasons: 50% Fibonacci resistance, likely capping further gains.

Additional Technical Indicators:

  • MACD: Bullish crossover indicates upward momentum.
  • RSI: Neutral zone, allowing flexibility for price action.
  • Bollinger Bands: Near the lower band, supporting reversal potential.

Upcoming Economic Events Impact:

  • EIA Oil Inventory Report: Increased inventory may dampen bullish outlook, while a draw could support it.

https://preview.redd.it/7ys59a15h01e1.png?width=1464&format=png&auto=webp&s=41d5d0c923fc49987d483670c271a4f3ebe41644

XAU/USD (Gold)

  • Potential Direction: Bearish
  • Pivot: 2,588.80
    • Supporting Reasons: Overlap resistance near the 23.6% Fibonacci level, suggesting selling pressure.
  • 1st Support: 2,529.88
    • Supporting Reasons: Pullback support near critical levels, providing a floor for the price.
  • 1st Resistance: 2,649.48
    • Supporting Reasons: Pullback resistance, likely to limit upward momentum.

Additional Technical Indicators:

  • MACD: Bearish crossover, reinforcing the bearish outlook.
  • RSI: Approaching overbought, suggesting potential downside.
  • Trendlines: Major trendline resistance aligns with the bearish forecast.

Upcoming Economic Events Impact:

  • 15:30 USD Retail Sales: Higher retail sales could support USD, adding to bearish pressure on gold.

https://preview.redd.it/hwlh5v96h01e1.png?width=1460&format=png&auto=webp&s=05e1627bf2a7db028cee29247cb18e8c06dbd05c

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https://www.investing.com/studios/article-382173

Sourcehttps://www.investing.com/studios/article-382173

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Elon Musk Hails Bonk Coin as the Next Big Thing in Cryptocurrency

In a surprising announcement that has sent waves throughout the cryptocurrency community, tech mogul Elon Musk has declared Bonk Coin as the next big cryptocurrency to watch. The statement, made during a recent Twitter Spaces event, has ignited excitement among investors and enthusiasts eager to capitalize on what Musk believes could be a revolutionary shift in the crypto landscape. Bonk Coin, which has gained traction for its playful branding and community-driven approach, has been on the rise, but Musk’s endorsement has provided a significant boost to its visibility and perceived legitimacy. Known for his influential role in the cryptocurrency market—having previously driven the prices of Bitcoin and Dogecoin with his tweets—Musk's support for Bonk Coin is expected to attract a wave of new investors looking to ride the latest crypto trend. “Bonk Coin represents more than just a digital currency; it embodies the spirit of community and innovation that defines the future of finance,” Musk stated. “I believe it has the potential to change the game for both investors and casual users.” The announcement has led to a spike in Bonk Coin's value, with trading volumes surging as followers of Musk flock to acquire the coin. Crypto analysts are now weighing in on the potential implications of Musk's endorsement. Some predict that Bonk Coin could rival more established cryptocurrencies, while others caution that the market's volatility remains a concern. In response to Musk's endorsement, the Bonk Coin development team expressed their gratitude and excitement, emphasizing their commitment to building a strong community and ensuring the coin's long-term viability. “We’re thrilled to have Elon’s support,” said a spokesperson for the team. “This is just the beginning; we’re focused on delivering real value and utility for our users.” As the cryptocurrency market continues to evolve, all eyes are now on Bonk Coin to see if it can live up to the hype generated by Musk's declaration. Investors are urged to exercise caution as they navigate this unpredictable landscape, but for now, the buzz around Bonk Coin is undeniable. With Musk's track record of influencing the market, only time will tell whether Bonk Coin truly becomes the next big player in the world of cryptocurrency.


Cryptocurrency Market is Challenging Economic Conditions

Geopolitics and global macro conditions have left economists at their wits’ end and obliterated most markets, while on the other, developments in the crypto and blockchain space continue at an unprecedented and truly unrelenting pace, according to Beinsure’s Crypto Market Review.

Up to November the cryptocurrency market downturn is influenced by several factors:

  • Political Uncertainty: The upcoming U.S. presidential election has introduced volatility into the crypto markets. Bitcoin’s recent decline is partly attributed to the diminishing re-election prospects of Donald Trump, who has been perceived as favorable to cryptocurrencies.
  • Regulatory Environment: The cryptocurrency industry faces ongoing regulatory scrutiny. Both U.S. presidential candidates are courting crypto-supportive voters, indicating that the regulatory landscape will continue to evolve, potentially affecting market stability.
  • Market Concentration Risks: The dominance of large technology stocks, often referred to as the ‘Magnificent 7,’ has led to concerns about market concentration. This focus on a few high-valuation sectors increases the risk for investors, as overvalued sectors may present challenges if market conditions shift.

Given these factors, investors are advised to exercise caution when considering investments in risk assets like cryptocurrencies. Diversification and a thorough assessment of individual risk tolerance are essential strategies to navigate the current market environment.

Economic conditions for crypto have worsened

https://preview.redd.it/blpgckzowx0e1.jpg?width=1300&format=pjpg&auto=webp&s=7bd427ddd8d7c3ad3a308b8aa9286c031e1528ae

According Binance Research Report, economic conditions have worsened since the start of the year. Issues such as persistent inflation, high commodity prices, and tightening monetary policies have contributed to a more challenging investing landscape. Crypto fundraising landscape is showing signs of recovery. In the last months, we’ve been in the same cycle in terms of sentiment.

Across sectors, only Energy stocks performed well during the period (up more than 30% for S&P 500 listed stocks) while Consumer Discretionary performed the worst, being down more than 30%.

Crypto was not spared from the market downturn that also plagued traditional asset classes such as stocks and bonds. Black swan events such as the suspension of fund withdrawals by several centralized lending platforms and the collapse of the algorithmic stablecoin TerraUSD (UST) in the first half of this year contributed to further negative sentiments and worries.

Nonetheless, price action alone is not representative of the health of the ecosystem, nor does it show the full picture of the underlying developments. As such, in this report, we aim to share a holistic review of the past half-year in crypto by analyzing the latest data, trends, and outlook across different areas of the crypto ecosystem. We remain optimistic about the long-term outlook for crypto since we continue to see further adoption and innovation in the space.

Crypto was not immune to the market downturn

Crypto was not immune to the market downturn that affected traditional asset classes like stocks and bonds. Unexpected events, such as the suspension of fund withdrawals by several centralized lending platforms and the collapse of the algorithmic stablecoin TerraUSD (UST) in the first half of this year, added to negative sentiment and concerns (see New Trends in the Use Crypto).

Nonetheless, price action alone is not representative of the health of the ecosystem, nor does it show the full picture of the underlying developments. As such, in this report, we aim to share a holistic review of the past half-year in crypto by analyzing the latest data, trends, and outlook across different areas of the crypto ecosystem. We remain optimistic about the long-term outlook for crypto since we continue to see further adoption and innovation in the space.

Cryptocurrency market is challenging economic conditions

The cryptocurrency market is currently facing challenging economic conditions, influenced by several key factors:

  • Regulatory Scrutiny
  • Political Uncertainty
  • Market Volatility
  • Institutional Challenges
  • Global Regulatory Developments

The U.S. Securities and Exchange Commission (SEC) has intensified its focus on the cryptocurrency sector, extending its oversight into 2025. This heightened scrutiny has led to enforcement actions against major crypto entities, contributing to market uncertainty.

Recent data shows significant fluctuations in cryptocurrency prices, with Bitcoin experiencing notable swings that reflect broader market instability. Major cryptocurrency firms are also facing operational difficulties; for instance, ConsenSys announced a 20% workforce reduction due to macroeconomic pressures and regulatory challenges (see FATF Updates Guidance on Virtual Crypto Assets – NFT, DeFi & Stablecoin’s Standards).

These factors collectively contribute to a challenging economic environment for cryptocurrencies, necessitating cautious consideration by investors and stakeholders.

L1 Development

Competing Layer 1 (“L1”) protocols have innovated with new consensus algorithms, blockchain architectures, and execution environments, but how did they perform this year?

2024 has been a turbulent year for crypto. Total Value Locked (“TVL”) of L1s declined throughout the year, and Ethereum has been losing market share to alternative L1s.

Throughout last year and this, L1s kept on fighting for market share, trying to scale, grow and win in the ongoing multichain battle. Each L1 has tried to gain market share by innovating and trying to solve the “trilemma” of decentralization, security, and scalability.

L1 TVL declining

Source: DefiLlama, Binance Research

Looking closer at the market share across L1s, the downfall of Terra is probably the most noteworthy event, with other chains like BNB Chain and Ethereum absorbing their TVL.

However, with the de-pegging of USDD on 13th June, TVL came down to around US$4B at the time of writing. Despite ongoing competition among L1s, we note that Ethereum is still the market leader by a significant margin.

TVL distribution amongst L1s

Source: DefiLlama, Binance Research

2024 was eventful, to say the least. Polkadot parachains have proven their limits with only limited slots, Polygon experienced congestion, Terra de-pegged and exacerbated the market turmoil, Ethereum announced its testnet merge, and so much more. The list can go on forever.

Perhaps the world may not be ready for full decentralization, but there have been stepping stones in getting there this year. Scaling is slowly happening, and different approaches will position the different L1s to each have their strengths and weaknesses. While Avalanche is bringing online new subnets, Ethereum is targeting rollups – in the end, it remains to be seen which approach works the best.

L2 Development

The challenge of scalability within L1 platforms has transitioned from a distant and theoretical limitation to one that desperately needs to be tackled in the current market climate.

This fundamental issue, perhaps most notably illustrated by the exorbitantly high fees in the Ethereum ecosystem, has given rise to what is maybe one of the key crypto narratives in 2022-2024: layer 2 (“L2”) scaling solutions. In this section, we discuss the increasingly visible integration of L2 solutions within dApps across the space, the leading L2 projects and their upcoming or rumored tokens, and the possible trajectory of the broader L2 network landscape.

L2 Fees and Increasing dApp Integration

To open our discussion, we can have a quick look at how transaction fees have continued to spike, even in a relatively quiet market, and thus have necessitated a move towards L2. Given that Ethereum’s ecosystem remains the largest by TVL and number of dApps, we can use it as a proxy for our general discussion.

Layer 2 Fees

L2 solutions process transactions off the main blockchain (Layer 1), alleviating congestion and lowering fees. For instance, Ethereum’s mainnet can handle approximately 15 transactions per second, leading to high fees during peak times.

L2 networks, such as rollups, batch multiple transactions off-chain and then submit them to the mainnet, significantly reducing costs. This approach not only decreases fees but also maintains the security and decentralization of the main blockchain.

Impact on dApp Integration

The reduced fees and enhanced scalability offered by L2 solutions have spurred increased dApp integration. Developers are leveraging L2 networks to provide users with faster and more cost-effective experiences.

Notably, Layer-2 solutions like Optimism and Arbitrum have seen significant growth in dApp integration, with increases of 590.91% and 160.87% respectively. This trend underscores the growing popularity of L2s among dApp developers and users, as they offer faster and more affordable solutions than Layer-1 blockchains.

With this in mind, and the trend we have seen so far, L2 deployment appears on track to become more and more ubiquitous as we enter the second half of the year and it would not be surprising to see most, if not all, of the top ranked dApps being deployed on some form of L2.

AUTHOR: Peter Sonner


Wednesday, November 13, 2024

How to Choose the Best IPTV Service for Your Needs

How to Choose the Best IPTV Service for Your Needs

Introduction

In the world of entertainment, traditional cable and satellite TV are being overtaken by the flexibility and variety that IPTV (Internet Protocol Television) offers. IPTV streams live television programs, video-on-demand (VOD), and premium content directly to your device via the internet. As people are increasingly shifting to streaming platforms for on-demand viewing, IPTV has emerged as an alternative to cable television with more control over the content you watch and how you watch it.

However, selecting the right IPTV provider for your needs in 2025 can be overwhelming. With so many providers available, offering a variety of content, features, and pricing plans, it’s important to know what to look for to ensure you get the best service for your preferences.

In this extensive guide, we’ll help you choose the best IPTV service by discussing top-rated providers, key factors to consider, how to evaluate their services, and more. Whether you’re a sports fan, movie buff, or general entertainment seeker, we’ve got you covered.

What is IPTV?

Before diving into the specifics of choosing the best IPTV service, it’s helpful to understand exactly what IPTV is and how it works.

IPTV is a system that delivers television programming via internet protocol (IP) networks rather than traditional satellite or cable signals. It uses broadband internet connections to stream TV content to devices like Smart TVs, tablets, smartphones, computers, and set-top boxes. This differs from traditional TV services, which rely on coaxial or satellite connections.

There are three main types of IPTV services:

  1. Live IPTV – Streaming of live television broadcasts, including news, sports, and events.
  2. VOD (Video on Demand) – Allows users to watch movies, TV series, and other content at their convenience.
  3. Time-Shifted TV – Allows users to pause, rewind, or forward live television broadcasts.

IPTV services provide several advantages, including a wide range of content, the ability to watch on multiple devices, and customization options, all without the need for a physical TV cable setup. However, choosing the best IPTV service depends on various factors that will be explored in this guide.

The Top IPTV Providers of 2025

To help you get started with your search for the best IPTV service, let’s take a closer look at the top-rated providers for 2025. These services are known for their high-quality streaming, vast content libraries, and competitive pricing.

The best IPTV providers:

https://smartiflix.com/

https://smartsgi.com/

https://tiviorbit.com/

http://tvworldwide.shop/

1. Smartiflix – Best for Comprehensive Channel Selection and Premium VOD Library

Overview:

Smartiflix has quickly become one of the most sought-after IPTV providers in 2025. With a vast array of over 20,000 live TV channels and a VOD library boasting more than 80,000 movies and TV series, it offers an all-encompassing entertainment package. Whether you're into mainstream television, niche international channels, or on-demand content, Smartiflix has it all.

What sets Smartiflix apart is its Anti-Buffer™ technology that ensures smooth, uninterrupted streaming, even in high-traffic times. The service is compatible with multiple devices, including Smart TVs, FireStick, Android, iOS, and IPTV boxes, making it highly accessible for users across various platforms.

Features:

  • Vast Content Library: Access 20,000+ live TV channels, 80,000+ movies, and 10,000+ TV series across various genres and languages.
  • Live Sports & PPV: Includes live coverage of major sports events, such as football, basketball, boxing, and other pay-per-view events.
  • Adult Content: Option to include 300+ adult channels (accessible during the package selection).
  • 4K Ultra HD Quality: Enjoy a cinematic experience with top-tier picture quality in 4K, Ultra HD, and Full HD.
  • Anti-Buffer™ Technology: Minimizes interruptions for a smooth viewing experience.
  • EPG: Comprehensive Electronic Program Guide for easy navigation and channel browsing.
  • Global Availability: Available in regions such as the USA, Canada, Europe, and India, making it accessible to a wide audience.
  • 24/7 Customer Support: Round-the-clock support via live chat and email.

Pros:

  • Extensive content selection across genres.
  • Superior streaming quality with 4K and HD options.
  • Multi-device compatibility, including FireStick and Smart TVs.
  • Reliable uptime and excellent streaming performance.
  • Detailed and easy-to-use EPG.

Cons:

  • Adult content may not be suitable for all viewers.
  • Large content library may be overwhelming for some users.

Pricing:

  • 1 Device:
    • Annual: $56/year
    • Six-Month: $38/6 months
    • Three-Month: $29/3 months
    • Monthly: $14/month
  • 2 Devices:
    • Annual: $99/year
    • Six-Month: $56/6 months
    • Three-Month: $38/3 months
    • Monthly: $26/month
  • 3 Devices:
    • Annual: $139/year
    • Six-Month: $72/6 months
    • Three-Month: $47/3 months
    • Monthly: $27/month

Free Trial:

  • 24-hour free trial for first-time users.

Payment Methods:

  • Credit/Debit Cards, PayPal, Cryptocurrency.

2. SMARTSGI – Best for Quality Programming at a Fair Price

Overview:

SMARTSGI is a solid choice for those looking for high-quality streaming at a reasonable price. With over 20,000 live TV channels and a VOD library containing more than 60,000 titles, this service offers a well-rounded entertainment package. It’s especially praised for its anti-freeze technology, which eliminates buffering, and 99.99% uptime, ensuring you get a smooth experience.

Features:

  • 20,000+ Live TV Channels: Covering a wide range of sports, movies, news, and international content.
  • Live Sports: Watch live broadcasts of major sports leagues, including soccer, NFL, and NBA.
  • Flexible Streaming: Supports HD, Full HD, and 4K resolutions, allowing users to stream content in vivid detail.
  • Advanced Anti-Freeze Technology: Ensures seamless streaming without interruptions, even on slower connections.
  • Parental Controls: Customize content access for younger viewers.
  • Multi-Device Support: Compatible with Amazon FireTV, Android TV, Roku, and more.
  • 24/7 Customer Support: A responsive and knowledgeable support team available at all times.

Pros:

  • Extensive library of live TV and VOD content.
  • Excellent streaming quality, with options for 4K.
  • Reliable service with minimal downtime.
  • Flexible pricing for short- and long-term users.
  • Strong customer support.

Cons:

  • High-speed internet (16 Mbps or more) is required for optimal performance.

Pricing:

  • 1 Month: $15
  • 3 Months: $27
  • 6 Months: $37
  • 1 Year: $59

Free Trial:

  • 7-day money-back guarantee.

Payment Methods:

  • Credit/Debit Cards, PayPal, Cryptocurrency.

3. Tiviorbit – Best for Sports Fans in USA, Europe, and Canada

Overview:

For sports enthusiasts, Tiviorbit is an excellent choice. Offering over 20,000 channels with a focus on live sports coverage, Tiviorbit ensures you never miss a game. Whether you're into NFL, MLB, NHL, or international soccer leagues, Tiviorbit delivers high-quality streams across multiple devices, making it a top choice for sports lovers.

Features:

  • Live Sports Coverage: Major sports leagues and events like the NFL, MLB, NBA, MMA, and international soccer.
  • High-Quality Streaming: Stream content in 4K, FHD, and HD for an immersive viewing experience.
  • Anti-Freeze Technology: Ensures smooth streaming even during peak traffic times.
  • Device Compatibility: Supports a range of devices, including Smart TVs, Android, iOS, FireStick, and MAG boxes.
  • EPG Support: Full Electronic Program Guide to help you find your favorite shows and live events.
  • Regular Content Updates: Weekly updates to channels and VOD offerings.
  • Global Coverage: Available in Europe, the USA, and Canada, with a focus on regions like the UK, France, Germany, and Spain.

Pros:

  • Excellent for live sports coverage.
  • High-quality streaming in 4K and HD.
  • Reliable service with anti-freezing technology and 99.9% uptime.
  • Multi-device support with the ability to stream on up to 5 devices simultaneously.

Cons:

  • Limited VOD content compared to other providers.

Pricing:

  • 1 Month: €8.99
  • 3 Months: €15.99
  • 6 Months: €29.99
  • 1 Year: €49.99

Free Trial:

  • 12-hour free trial.

Payment Methods:

  • Credit/Debit Cards, PayPal, Bitcoin.

4. TVWORLDWIDE – Best for Sports Fans in USA, Europe, and Canada

Overview:

TVWORLDWIDE is another strong contender for sports fans, offering a huge array of live TV channels and premium sports coverage. What makes TVWORLDWIDE stand out is its user-friendly interface and regularly updated VOD content, which ensures you always have access to fresh movies and shows.

Features:

  • HD and Full HD Streaming: Experience crisp and clear visuals with premium streaming quality.
  • Sports Packages: Includes a variety of sports content, including football, basketball, soccer, and more.
  • International Channels: Enjoy content from countries like the USA, Canada, Brazil, Germany, and India.
  • Multi-Device Support: Compatible with Android, Fire TV Stick, and more.
  • 24/7 Customer Support: Easy-to-access support via email, live chat, or phone.

Pros:

  • Offers high-quality streaming with HD and Full HD resolution.
  • Easy-to-use interface, ideal for IPTV beginners.
  • Regularly updated VOD content.

Cons:

  • Requires a stable internet connection with at least 16 Mbps speed.

Pricing:

  • 1 Month: $11.99
  • 3 Months: $29.99
  • 12 Months: $49.99

Free Trial:

  • 1-day free trial on 1 device.

Payment Methods:

  • PayPal.

Key Factors to Consider When Choosing an IPTV Service

Choosing the right IPTV provider involves much more than just comparing prices. Below are key factors that can help you decide the best IPTV service for your needs.

1. Content Selection

The content library is one of the most important factors when choosing an IPTV service. Different providers specialize in different types of content. For instance, Smartiflix and SMARTSGI provide extensive on-demand content, while Tiviorbit and TVWORLDWIDE excel in live sports streaming. Make sure the service you choose offers the channels and shows that you enjoy watching.

2. Streaming Quality

High-definition streaming is a must-have for an immersive viewing experience. Most top-tier IPTV services offer HD, Full HD, and 4K streaming, but be sure to check the service's specifications and device compatibility to ensure that it will work well with your TV or streaming device.

3. Device Compatibility

Ensure that your IPTV provider supports all the devices you want to use, including Smart TVs, Android, iOS, and set-top boxes like FireStick. Some services allow multiple device connections, so check if you can stream on multiple devices simultaneously.

4. Customer Support

A reliable customer support team is crucial when issues arise. Choose a service that offers 24/7 customer support via live chat, email, or phone. Many top IPTV providers offer 24/7 support, including Smartiflix and SMARTSGI.

5. Pricing Plans

Compare pricing plans to see what fits your budget. Some providers offer monthly subscriptions, while others offer discounts for longer-term plans. Check whether the service provides a free trial or money-back guarantee to test the service before committing.

Conclusion

Choosing the best IPTV service in 2025 comes down to personal preference. Whether you're looking for a comprehensive channel selection, a premium VOD library, or high-quality live sports coverage, there’s a service for every viewer. By evaluating your priorities in terms of content, quality, device compatibility, and customer support, you can find an IPTV service that perfectly fits your entertainment needs.

The top providers like Smartiflix, SMARTSGI, Tiviorbit, and TVWORLDWIDE all offer unique benefits that cater to different audiences, ensuring you’ll find the right match for your entertainment preferences.

Take advantage of free trials and money-back guarantees to test the service, and remember that your ideal IPTV provider will provide the perfect balance between content variety, quality, and affordability.


A message for those Shibes who've been around for while

Hey Dogefam, I hope you are all feeling pretty good about the our upcoming Moon Mission. I am...and I'm also sad about it. I debated writing this letter because I know what it sounds like, from your perspective I mean. However, I need to get this out there for me....because if I don't, it will eat me up inside. Here's my story, and right up front, thanks for all the love, support and even the negative comments over the years, I appreciate them all.

I am a former jet engine mechanic and Veteran who served onboard the USS Abraham Lincoln from 2000-2005. It was a crazy experience and I'll just leave it at that. After the Navy I moved to Hawaii and went to art school on my GI bill. I learned amazing things and met even more amazing people. One of my favorite things to do was to ride my moped around the island and modify it to go faster. I just loved zooming through the hills on my Honda S with a little iPod shuffle bumpin' MF DOOM, waaaay before anyone even knew who he was. After about two years I got plugged into the local arts scene and made friends within the HipHop community, who btw, are keeping the culture alive to this day. Shout out Big Mox and Woes1. Absolutely love those guys (and girls too).

Out of everyone I made friends with in collage, one guy sticks out in particular...in regards to this story. So it's around 2006ish that we became friends, he was majoring in international studies and had a keen eye on money. Myself, well, I never could keep it long enough to do anything with it. Money always seemed to be to much to learn about and in hindsight was a clear reflection of my ignorance, so I avoided the learning experience which was soon to come. Funny how life works that way.

Anywhos, fast forward a few years and I came into about 8k dollars from a relative. Around that same time I had been impacted greatly by the work of futurist Jaques Fresco and the viral documentary film Zeitgeist. (**side note: I highly recommend that documentary and "Future By Design" they're illuminating) It was the insight Jaques Fresco taught about future and the critical role that technology plays in the betterment of human life, which then led me to invest my newly acquired money into the electric moped business. I could see that at some point EV's were going to be everywhere and I wanted to be in on the action. So I bought 6 mopeds and secured a distribution license for them on the island of Oahu....and I Had Zero clue of what I was doing, lolz. One day, I was visiting a competitors Electric Moped sales floor, to see how they were operating, this guy pulled up in a Lotus...at least that's what I thought it was.

Turns out it was a Tesla, one of the first to ever come off the line and THE first to be on Oahu, 100%. The man who stepped out was Henk Rogers. I had no clue who he was but would soon find out that He was the guy who, when the collapse of the Soviet Union happened, hired some goons, flew to Russia, and ended up buying the rights to Tetris from their version of NASA, for pennies compared to what he made off of it.

This guy was like a Wolf. He had no time for anything I had to say, and in hindsight I was incredibly idealistic back then so I probably would've shut me down too : D . He did however, invite me to his party later that evening, and it was there that I realized an average guy could become a Billionaire. He had the entire Aloha Square rented out, He had Tetris games set up on 50' screens, beautiful people handing out drinks and everything else you could image a billionaire would have going on at his birthday bash. You see, it was up until that point that I had resigned myself to a blue collar, low income life. I had never considered that I could make money any other way than trading hours for dollars. My family never taught me about money and by the time I was 18 I was in the military and they sure as heck don't teach you about personal wealth growth there.

It was that particular moment that a light bulb went off in my head...It was then that my dormant creative mind started spinning and then that I decided I would pursue my dreams instead of a paycheck. I then sold my little fleet of mopeds, which were super nice Taiwanese step-through scooters btw.... however the price point was just too high to be competitive with the cheap Chinese crap. So there I was, free and clear of any debt, I made the leap to leave the island. All I had was a dream of making it big and no Idea how I would get there.

Fast forward a couple more years and I had become a mural artist, living out of my Astrovan and traveling around the country with a rack of spray paint just looking for walls and people who would pay me to paint them. It wasn't glamorous and I didn't make much money, But I was free. Free as a bird, something I learned being trapped in the military was more valuable than anything else.

One day, I was listening to Joe Rogan talk with a guest about bitcoin. This was in 2015 sometime. I forget his name atm, but he's known, lives in Puerto Rico I think...needless to say, but I was intrigued... however I was broke. The price of BTC at that time was around $1,000 if I remember correctly,... and while I thought it was definitely worth paying attention to, I was reluctant to waste my money on a "bubble" or "Ponzi scheme" something the fudsters had been saying frequently. SMH, boy if I could just go back!...but truthfully, I didn't have two pennies to rub together, let alone a couple hundo to gamble with. I had to feed myself and my dog, man I miss that dog. Sad....

I also had to put gas in tank, but this was a Happy Thing because I was going to the biggest Art networking event on the planet, Burning Man. I had scored a low income ticket and hadn't been since 2012. I was super pumped. When I got there I secured a great spot on the outer perimeter which was nice and quiet. When I opened my door in the morning, all I could see was endless desert lakebed and mountains. It was absolutely beautiful.

While there, I painted a mural at center camp which was my way of giving back, and took on a more documentarian role than I had previously done. I can clearly remember people all abuzz, talking about Ethereum and how it was going to be a game changer. This really peaked my interest because the playa has a special way of interacting with you, it's very dreamlike. Now, I'm a sober guy, I don't think down about people who imbibe, I've just learned through hard knocks that it doesn't work for me...so when I say it's dreamlike I'm referring to being on a bunch of drugs and hallucinating....What I'm talking about is the very real, very palpable serendipitous flow of who you meet, what they have to say, and how it impacts you later down the road.

After the burn I went up to Tahoe to chill out, I've got some great little spots hidden out in the hills up there that I park in and camp at, super remote. It's a vibe for sure. It's out in those very same woods where I learned what missing an opportunity really feels like. You all know what talking about. That first big bull market was something else. I watched it climb, Mahhn every daY I watched it climb. I clawed and scraped everything I could to try and get onboard the gravy train but it just wasn't enough money to capitalize on...at least at the time I thought so, so foolish was I.

One day, during its peak, I got word that my collage friend from Hawaii was being featured on a popular YouTube channel. Turns out he had spent part of his student loan money on Bitcoin back in 2012 and never said anything. He somehow had the insight or had been schooled on the future in a way where he could see its potential. When BTC was at its height, around 15-16k he was worth 3 Hundred Million :o . I couldn't believe it, This guy I hung out with, smoked weed with and rode mopeds around with was now talking about buying properties in Costa Rica and installing Bitcoin ATMs around the island. The feeling was Bananas. It was an incredible viewpoint for me to experience at the time. And Once again, I was reminded that it is possible to separate yourself from the financial burden of this world if you simply put your mind to it.

It was from then on that I made cryptocurrency something I would learn about, talk about, and stay on top of. I was determined to never miss out again. I bought and sold all through the bear market, got inspired and ultimately let down by YouTube crypto hype-beasts. I bought shitcoins and read white papers, always holding out hope that one day I would wake up in my van and my financial worry would be behind me...I know now that that's an illusion, however that lesson to learn was still far off for me.

Eventually my travels would bring me back to my folks property in western Maryland, it's up in the Appalachian wilderness and is incredibly beautiful. Shout out to my folks, you did it! They're awesome, they let me park out by the barn in between my journeys around the country. I have nothing but love for those people.

When I came back this time though, I had Crypto on the mind...I saw possibility in the blockchain and was going to be involved in the next bull market, make no mistake. I remember sitting them down and going through the ins and outs of how blockchain technology works, trying my best to inspire in them the very same thing had lit my soul on fire for crypto. In my mind at the time the key to success in crypto was solar and wind powered mining farms. I pitched them the idea that I just needed the investment capital to buy one mining computer and however many solar panels it would take to run the thing. From there, I could estimate with real word data, just how much it would cost to cover the 7 acres of hay field they had which didn't make anyone any money anyways. I told them that we could then use that data to find investors, starting with their friend group and working out to local business people. Their response was a resounding No. In fact, my mom yelled at me for getting involved in a get-rich-quick scheme, and piercingly stated that she "wouldn't be caught dead selling Tupperware to her friends, let alone mother fu(%ing BITCOIN!!"

Defeated and angry I packed up my stuff and got back to it, moving on to bounce from place to place, painting canvasses in my spare time and hunting for mural gigs. I occupied much of time during that 2017 time period trying to day trade on all the popular exchanges...one of which was Bittrex, which would in the future contribute to reason I decided to write this letter. I took day trading seriously, I would write down all my transactions in a banker's book and really made an attempt to make ends meet that way, however, it just never panned out. I would inevitably end up taking a bath, but I kept my spirits up, never letting go of my original dream of financial freedom, that thing that got me to the dance, my Art.

In the summer of 2018 I took a job as a Safety Kayker for a white water outfit. Ohh yeah I forgot to tell yins, I also picked up white water kayaking as a hobby and got pretty Sendy with it which then got me the job for Class V trips out of Idaho Springs, CO. I constantly talked about and defended crypto to all the other guides, who like many during that time, scoffed at the concept. I didn't care. I knew that they didn't have the experiences I had had, learned the things I had learned and seen what I had seen. I knew that what I was, was that guy, who on many occasions in my life, told me something important and who I dismissed out of my ignorance. Sooo, I was good with it. After guiding that season I headed out west and then BOOM, Covid Hit.

The world stopped and people all around the globe suffered. I chose to run to the hills, so to speak. I spent the initial 3-4 months up in the Sierra mountain range, wondering if the virus was going to wipe out half of the country but as information came out and clearer minds prevailed, I followed the wave from California to Austin, TX. I hung out with the comedians and even got up on stage a handful of times. It was fun and it was then that I made the most impactful financial decision I have ever made.

In Dec of 2019 I spent my monthly food and gas allotment on DOGECOIN. I think I bought something like 120k DOGE for 1000 dollars, give or take, the price was around .002. This was way before Elon got onboard, before all the hype and scams too. I clearly remember being at a laundromat in South Austin, sitting in the van, waiting for the minimum confirmations to go through and for Coinbase to register that the purchase was a success. it seemed to take forever that day. I remember I got a phone call from my mother while I was waiting and she asked how I was doing. I told her and I'll never forget it, I said, "I feel really good about this investment I've made today, its just a funny coin but it's different than all the rest"

....And Dogecoin truly is... although it was something different and magical back then... That's because back then it was just us Dreaming Dogs, telling each other 1 Doge = 1 Doge and other silly things. That's why I stuck around, why I made that sacrifice, and why my life would change drastically in about 6 months. It's this reddit sub right here that made me a believer. I just knew this was something special.

So then the day came. I woke up in April of the next year in a Denver parking lot, still a couple months before the whitewater season was about to begin. I remember it was snowing lightly and still grey from the night before, but that the sun was starting burn off the clouds. I got up, popped in the drivers seat and turned on the van. I put my phone in the holder, was going to play some music when I decided to check the my wallet balance on coinbase, something we all do without thinking. I had to wipe my eyes when I first saw it. I think it said something like 24 or 25 thousand dollars!!!!! the night before I had a hundred bucks, if that. The feeling that washed over me was euphoric. It made me feel happy but more than that, it made me feel smart, something I hadn't felt in quite sometime.

The truth is, as a nomadic artist living in a van, a former veteran and a recovering addict, I have to deal with a ton of mental baggage...and I do the work, don't get me wrong. I know I'm my own worst enemy, that the world don't owe me nuthin' and that most of the difficulties I suffer through are of my own making, I know that....but there's also the very real psychological grind that accompanies trying to make it on your own steam. I've been broke more times than I can count and I've spent a decade living below the poverty line. It's easy to get down on yourself under those conditions but what's hard is to forgive your shortcomings and adjust your perspective...and for a while my perspective was trash. I really beat myself up over all kinds of little things. It was like I had this jerk in my head constantly telling me how dumb I was, all the time.

...And all that went away in an instant when I saw that balance. It was like a giant weight had been lifted off of my shoulders. I knew Dogecoin was special, not because some YouTuber told me, but because I had been watching the crypto market and interacting with the community for long enough to see the trends. I saw how Memes were a powerful commodity and something that made DOGE unique from the rest. I knew the community was unlike any other crypto community because I was a part of it. Needless to say but That summer, That summer was amazing.

I had, at one point, 70k at my fingertips. I remember being in a Jaquzzi once, just refreshing my wallet as the snow was falling. It was incredible....until it wasn't.

As the price came down my insistence that we had only seen the beginning of the BIG ONE and that the market "would turn around any day now" kept me from selling. I also was and still am, a BIG believer in "Practice what you preach" and "Actions speak Louder than words", so when I posted on here that I had Diamond Hands, I meant it. I didn't even pay off my maxed out credit cards during that bull run. I was HODL for life! and felt like unless we hit a Dollar I was betraying the community by selling. So I held. I held for three and half long years.... until one Redditor commented on a post describing how you should always take profits and I broke.

Maybe it was the mental beatdown of 3 years at ~7 cents that did it to me, or the hype of the Halving, Idk, but whatever it was, when we hit .25 cents over the summer I sold. Not all, but most. I chose to invest in myself and signed a lease on a 2500 sqft' Art Studio in a sleepy Appalachia town. It's a place where I can park my van out back and nobody gives me the stink eye when they come into work in the morning and I'm pulling out of their parking lot. Which is a daily experience when you're living the Vanlife, working folks don't think it's cool, and I get that, it's no worries. I also paid off my credit cards, picked up a nice lil' daily driver and got to work building out my new creative space. While huge and perfect in location and atmosphere, the space is unfinished. It's stud bare and with the winter coming up, insulation is next major hurdle.

At the time of writing this I still have a small amount of DOGE left, probably enough to buy the insulation and some paint...but man, it's killing me inside. For YEARS I knew the time would come when the stars would align for Doge, but never in my wildest dreams would I think they'd literally be tossing around the idea of a Department Of Government Efficiency!!! To top it off, Elon now has everything in place to legitimately roll out DOGE on X and is free of all his legal troubles concerning crypto. For YEARS I told myself I just need to hang on and it'll all be worth it. The future couldn't be brighter for Doge and I just didn't hold on long enough. I was MONTHS away AAAAAAHHHHHHHHHH!!! The icing on the cake was discovering the buried Bittrex emails yesterday , going back through my records, determining I did have a nice little chunk of BTC on their exchange just to learn that I was literally days late to claim it.

Ahh well, Perhaps it is a sign that I should just stick to art or that the entire experience is a greater lesson for the future which I haven't figured out yet. Whatever this experience is, whatever it means, I know deep in my little Shiba heart that Doing Good Every Day got me this far and will continue to carry me through this life.

I'll link my instagram account in the comments, I'd love it if you came by and checked out my art. Thanks for being such a cool part of my journey. MOON SHIBES, MOON!


Bitcoin has doubled in a year and is approaching $100,000

With seven weeks to go, this year can’t go bad for Bitcoin (BTC). And it’s all thanks to a great start and now a great end to the year. The digital currency has doubled its value in just over 11 months, and the price chart seems to suggest that the stretch is not over yet. The magic $100,000 threshold is already within reach, and could be reached this year.

BTC price has already more than doubled this year

Many Bitcoiners already had a bottle of chilled champagne in the previous bull market in 2020 ready for when Bitcoin reached a price of $100,000. However, as we all know, Bitcoin did not go above $69,000 at that time, but now the bottle could finally be uncorked.

In fact, this morning the price of Bitcoin has reached a new record just of $93,000. That means that Bitcoin only needed a small push to reach the $100,000 mark at that time. Namely, just over 7%.

In terms of Bitcoin, that's just a small step. In fact, in the last week alone, the digital currency has seen an overall rise of more than 30%. With this, analysts are clapping their hands in claiming that the bull market that has been expected for years has finally begun.

And that was preceded by more than eight months of consolidation. But in the past, bitcoin also went through a long sideways period each time after its halving event before the explosive bull market took off.

In February and March of this year, the price of Bitcoin was also on the rise. In March, it even reached a new record price for the first time in history before reaching its halving point, at $73,800.

Currently priced at around $87,000, Bitcoin is up over 105% since January 1. In fact, the year started at a price just above $42,000. If you had invested $1,000 at the beginning of the year? Then that would have been worth $2,050 now.

Bitcoin to $100,000 this year?

The huge price explosion at the beginning of the year was entirely due to the launch of Bitcoin spot exchange-traded funds (ETFs). These entered the US stock markets in January and immediately shook Wall Street. Record after record was broken in the ETF market, and the price of Bitcoin rose by more than 80% in about six weeks.

Last week’s huge rally is largely due to Donald Trump. Last Wednesday, the Republican won the US presidential election, and given his progressive plans with the crypto industry, this has given prices a huge boost.

Bitcoin is largely following the same path in its current cycle as it has in the past. If this trend continues, we can cheer for a Bitcoin price of $100,000 before the year is out. But, as always, history guarantees nothing.

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