September - A Month to Remember
Bitcoin gfx

September - A Month to Remember

By Thomas Wolf | Thomas Wolf's Den | 15 Sep 2020

Now that the FOMO behind DeFi destroying altcoins is more or less behind us, it leaves me questioning what comes next.

I am also evaluating how relevant current market activity will be to the outcomes I am looking for in future investment opportunities.

My conclusion is that we are at a "fight or flight" type of market-moment where the market is sitting somewhat idle like it was before the recent bull runs from Bitcoin (BTC) and Ethereum (ETH).

I am hoping for one of two things: Either a hard dip for a larger investment opportunity or a hard bull run I can spot before it takes off completely.  At the moment, it looks like another bull run.

I wouldn't mind a whale flop, to be honest.  It's been a while since I've seen the whales do anything substantial, and during this "10K" resilience phase, I am very curious to see how the big fish react.

I just hope I am home and available to watch the markets when it does happen; it's time to upgrade my android with my new Ledger Nano X so I can work the markets on the go - I get paid road-time in the passenger seat (two-person job), and no one cares if I watch the markets between stops.

Bitcoin was at a "relatively stable" place at $10,600 but is currently growing to $10,900 in a new little pump:

Tezos appears to STILL be in a prime buyers market, especially due to dips like this where you see repeated hard recovery:

The life of school/work/personal has led me to very little sleep and a nice reduction in my passive income.  However, my overall income is more considerable now, and the bills are paid while I hold 100% or above in all classes so far.  I'm figuring it out - the crypto life alongside a full life.  I was no fool to guess I'd be getting less sleep and wouldn't get to publish as often, but I am managing.  It helps that they are only second-year classes.

Basic Attention Token (BAT): My favorite token and my recent largest concern.  I was able to write about BAT & Brave in Art History in relation to how modern museums are publishing digital art/intellectual property, and the Ted Talk was in regard to how artwork has become monetized, mainly through the advertisement industry.  I still don't think BAT is going anywhere, but Ethereum is putting BAT in a bad place in the short-term.

However, this means BAT prices are back to around 0.25c USD, and that could make for an excellent long-term investment.  I'm counting on it:

I've been using Stellar Lumens (XLM) via ChangeNOW for all of my exchanges.  XLM is also at a very low price point for investment despite Bitcoin holding its recovery at under 0.08c USD.

You can't beat the low fees, speed, and environmentally friendly aspect of Stellar; unless Coinbase were to add Nano to their list of supported currencies finally.  Binance supports them, but I can't stand Binance's fees or user interface.

Either (and other more viable options) beat our current policy to let Ethereum rape us with outrageous gas fees.  I'm taking one for the team here, Publish!  I've kept my word and I haven't cashed out and will continue to do so until the gas fees are down.

For amusement's sake, here is a snap of what I had in the first week of not cashing out (Note that I barely published anything recently):
Week 1 No payout

Not much compared to other weeks.  The wait for cheap gas begins.

Ethereum:  Where the hell is 2.0 and why are the gas fees still so high?  I went from loving you to hating you really fast...

I suppose it's back to the stacking satoshi's, flipping and waiting for the next good opportunity routine.  While I have no loyalty to the coin, I have a feeling Tezos is going to do something dramatic in the coming weeks.  The war for yield-oriented coins and tokens, like DeFi, has yet to crown a king.

Who will be king for PoS?

I vote Tezos, with Compound for a runner-up.

Who should be king after Bitcoin for PoW?

I vote Nano, hands down.

Who is most likely to become king in DeFi?

I have yet to make a call on this one; there are too many pump and dumps going on that could potentially develop long-term.

Stay smart & Stay Safe, everyone.

Questions and comments are always welcome; feel free to let me know your thoughts on who may become the king of each: PoS, PoW, and DeFi.

-Thomas Wolf

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Thomas Wolf
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Technical Researcher, Writer & Editor. Cryptocurrency & Blockchain Technology Advocate, STEM Student, Self-Taught Techie, PC Gamer, Nature Enthusiast, DIY Specialist, and Market Trader.

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