Crypto Tanking | What You MUST Know.

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Why is crypto crashing. Why is ethereum $ETH and Bitcoin $BTC down. What happened with Solana. What's up up with Myanmar.

00:00 Intro
00:51 Support Lines for Crypto
03:30 Bitcoin $BTC Milestone & Binance Disaster.
06:15 How to Hedge with Crypto.
16:24 Bloomberg Price Prediction & Myanmar.
20:21 Solana (SOL)

Crypto
90% of BTC has been mined as of today!
Binance Asia Services LTD. (Singapore affiliate) has “withdrawn its application to run” an exchange in Singapore.
It’ll wind down and close operations feb 13
Was speculated to become the global headquarters for Binance
Binance says that because they have an 18% stake in the Hg exchange, which operates regionally, their application was “somewhat redundant.” And they ended the message with “onwards.” Which somewhat implies they still wanted that permit, but are accepting of not receiving it.
Reiterates regulatory difficulties.
Like what we heard in the congressional hearings: SRO vs multi regulator vs existing vs nothing. Nothing is the worst. Unknown hoops.
Summary:
Loss of Dollar Power DXY: Buy Crypto (Drunk Congress could do this).
Monetary Stimulus / GDP Decline: Buy real estate
War: Buy Crypto
Financial Conflict: Buy Crypto
Supply Chain Issues: Crypto too speculative / Venture-Capital Style to be a hedge
Stagnant Economy: Think of crypto like a startup. Startups don’t do well in bad economies.
Kevin: Highest inflation Friday - crypto falls on CPI days. Runs on government spending. That has slowed too.
Myanmar National Unity Government (NUG) & Tether
Formerly recognized by France as the official government of Myanmar - has officers in US, UK, France, Czech, Australia, and SK
Comes despite ban by crypto imposed by central bank of Myanmar in May 2020
Current regime took power via a coup d-etat in 2020 - now military junta controls.
Shadow governments wants to prevent seizure and increase privacy.
Common peg
Bloomberg 40k.
Solana
Solana winning in GitHub submissions
90 between Nov 12 and Dec 13
76 for Poladot
65 Cardano
But this comes after a DDoS attack on Thursday that slowed the network

In October you needed 18 entities on Solana to get to a 33% consensus. Compared to ETH where you have 7-8 or Polygon where the top 10 get you to 63% control.
19 to get to 33.4%
DDoS being blamed on one of two things:
Either not decentralized (Kevin)
Or (Cointelegraph) design flaws in Solana’s proof-of-history (incorporation of exact time in ordering).
Remember POH:
The POH system encodes timestamps into the transactions before it is set to the blockchain allowing the blockchain to calculate thousands at the same time without worrying about the order of tranactions
Sol is also a layer 1 solution - sometimes gives rise to stability concerns
Grayscale Investment report says:
“The Solana consensus mechanism uses a new blockchain technology that is not widely used, and may not function as intended. There may be flaws in the cryptography underlying the network, including flaws that affect the functionality of the Solana Network or make the network vulnerable to attack.”
September similar attack - 17 hour restart.
Broke support

Investing
Videos are not financial advice.

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I believe Cartin Token will go parabolic.

____Annu____

Ok here we go ....buy the dip....buy the dip

Lycan

I came here to watch a video, and left with a degree in economics and cryptocurrency.
Wow.. watch this and learn a lot!

Christopher-iqcs

Kevin...REALLY like the fact you're using a mindmap to help convey your thoughts!

DirkMast

Prices will literally be back up by Wednesday 3 PM central standard. mark this.

allthingsinteresting

Thank you for the constant updates, Kev

oscarml

you should be cheering for a tank, it’ll give all the people who didn’t get in last tank to get in once again. it does this all the time and then always comes back higher

nickdifranceisco