Bitcoin sentiment for the week is back to extreme fear, dipping from 25 points yesterday to 21 points today. The fear is real and it is important to be prepared for another dip. The price of Bitcoin is again laying below 20K at $19777 today as recorded on Coinmarketcap.com.
In the news we continue to see a big focus on regional and global regulatory changes. The Ethereum upgrade, a Fork oddly nicknamed The Merge in my opinion, is also a popular headline and payouts from MT Cox and Celsius is also a topic of interest this week. I am one of the folks who had a hit there and always catching up in hopes of a positive resolution which to me can only be resolved by getting my crypto BACK.
So that's why together with the news I will share with you one good tip that I learned very early in the game. Do not invest what you are not willing to lose. If you ask me if I ever lost money while investing in Cryptocurrencies my answer is YES in so many, almost countless ways. The only reason I am still in the game is because I knew the risks I was taking, read the fine prints, and was very conservative in every step of the way. So despite losses I am still here because I won more than I lost. Over time experience helps.
Regardless staying on top on the news is one of the ways that I can guide the investment decisions. And these are the ones I focused my attention into this week. Hope you enjoy my curated list of headlines and links.
Sunday August 28th, 2022: Inflation Hedge or Not, Bitcoin's True Value Is Separation of Money and State -
Monday August 29th, 2022: Five numbers to know going into Ethereum’s Merge -
https://www.theblock.co/post/166380/four-numbers-to-know-going-into-ethereums-merge
Tuesday August 30th, 2022: Iran Formally Approves The Use of Digital Assets for Imports
https://cryptopotato.com/iran-formally-approves-the-use-of-digital-assets-for-imports/
Wednesday August 31st 2022: California Assembly Passes Crypto Regulation Bill That Requires Bank-Issued Stablecoins -
https://www.coindesk.com/policy/2022/09/01/california-assembly-passes-bitlicense-bill/
Thursday September 1st 2022: Mt. Gox Repayment Coming in 'Due Course' as Bitcoin Dump Fears Spook Market -
https://decrypt.co/108765/mt-gox-repayment-bitcoin-dump-spooks-market
Friday September 2nd 2022: Brazilian SEC seeks to change its role in cryptocurrency regulation -
https://cointelegraph.com/news/brazilian-sec-seeks-to-change-its-role-in-cryptocurrency-regulation
Saturday September 3rd 2022: Enjoy your Saturday.
All my best
Michelle M
Social Media links: https://cointr.ee/mammycrypto
