Categories
Nerd Talk

Ep 12: Square Buys $50 million in Bitcoin Under Pressure

Follow up: 

  • The Social Dilemma – Delete Facebook!
  • Bitmex follow up

Recommended: 

Topics: 

Categories
Nerd Talk

Ep.11: JP Morgan Breaking the Law vs. Bitmex Breaking the Law

Follow up

Recommended

Topics

Categories
Nerd Talk

Ep.10: Weekly Reminder to Delete Facebook. Kucoin Hacked, Not Your Keys, Not Your Coins

Follow up

Recommended

  • Sam Harris podcast #218 – Welcome to the Cult Factory with Tristan Harris

Topics

  •  $153 million of ETH and ERC-20 tokens.
  • 1,008 Bitcoin ($10.8 million).
  • 26,733 LTC (1.2 million).
  • 18,495,798 XRP ($4.5 million).
  • 14,713 BSV ($2.2 million).
  • 9,588,383 XLM ($705,522).
  • 228,952,838.064073 in TRX based tokens ($6.3 million).
  • $14 million worth of Tether (USDT) on the EOS and Omni blockchain.
Categories
Nerd Talk

Episode 9: Michael Saylor Buys up the Bitcoin

Follow up 

  • I’m an idiot. AMM is an acronym for automatic market maker. 

Recommended 

News 

Categories
Nerd Talk

Ep.8: It’s on a Hard Drive Somewhere

Pedro and Nick rant on DeFi projects, Pedro fails to keep his travel history off of Google’s hard drives, and we discuss Bitcoin correlation to gold. This is episode 8 of The Nerdy Info Podcast.

Follow up:

Recommended: 

News 

Categories
Nerd Talk

EP. 7: Delete Facebook

Nick deletes Facebook, we continue to talk DeFi, Bitcoin, and Crypto. Nick buys some vechain. This is the Nerdy Info Podcast.

Categories
Nerd Talk

Today’s Bitcoin Price Drop

Today saw a dive in the stock market, and with it a dive in Bitcoin’s price. BTC tumbled over 6% after spending a full month above $11k. The price drop comes at a time when many bitcoin holders are calling for another extreme bull run, like 2017.

Here is my take on this. Bitcoin to a large degree is still tied to large moves in the stock market because of whales. Players with big money play around in the stock market and in crypto, and so when they get skittish and start pulling out of positions, they do that across the board. Hard core “bitcoiners” don’t do that, they are committed to holding their bitcoin, in some cases until what they believe will be the end of fiat currencies, and in other cases they believe bitcoin will crack 6 figures next year and are looking to cash in then.

However, whales do not care one way or the other. They are looking to make money daily on trading, and they are good at that, that is why they are whales. Personally, I like when they move out and we get to buy bitcoin at a “discount” and that wealth gets re-distributed by non-whales “buying the dip.” I think that is good for bitcoin. You can see whales getting out of DeFi today also, with eth dropping over 8% and the amount of money in DeFi moving from $9.5 billion to $9.1 billion. Money is being pulled out of everything today.

In addition, it would seem that miners moved out of bitcoin today when they saw the price movement, probably just looking to lock in their money. This is usually a signal of more sell pressure, but I am optimistic that we are still in the middle of a coming bull run. Todays sell-off would have been much worse a year ago and would have dropped below $10k (in my opinion.)

The stock market is still in a bubble. Either that or these new stock prices are signaling severe inflation and I would hope that is not the case. So, I will stick with the idea that the stock market is in a bubble and we are due for a big correction. I think when that correction comes, we will see bitcoin decouple from the stock markets trend and continue its bull run into what should be a wild 2021. In the meantime, I am going to buy this dip.

Categories
Nerd Talk

Ep. 6: Dance Between the Dapps

Pedro keeps selling Nick on Podcast players, we go down the DeFi rabbit hole, and the fed is hell bent on tanking the Dollar. This is episode 6 of The Nerdy Info Podcast.

Categories
Nerd Talk

Ep. 5: Garbage on Legs

Explanation on DAOs, spaghetti money, fortnite battles Apple, don’t trust Facebook or 23 and me. This is Episode 5 of the Nerdy Info Podcast.

Links to show topics below:

Categories
Nerd Talk

Episode 4: Trucks to Mars

The Nerdy Info Podcast episode 4. Nick wants to drive a truck to mars. Pedro won’t mess with Defi. We talk more crypto and weird Google and Apple partnerships.

  • Recommended reading: Lyn Alden’s blog post The Big Tax Shift
  • Ethereum Classic 51% attack
  • Yam token disaster
  • Miscrostrategy’s purchase of over 21,000 Bitcoin
  • Apple and Google cancel fortnite