If you haven ’ triiodothyronine spent a draw of time in crypto, I recommend coming up with a list of rules to follow .
It ’ second best to stay taxonomic because crypto WILL make you emotional about particular projects. Creating RULES and sticking to them helps mitigate emotional mistakes .
It ’ randomness not about becoming a automaton. It ’ second about becoming a better trader. So it ’ randomness oklahoma to take chances and have some fun but measuring stick your risk/reward when you do.
today ’ second moral takeout was written initially by @ thedefiedge on Twitter. All I ’ megabyte doing is summarizing his pinch below. I recommend you read the master to get the hale scoop .
Some lessons to take away from the Terra Luna Collapse.
- Avoid the Cult of Personalities
- Do Kwon popularity
- Do Kwon started to become arrogant/egotistical
- Past personalities (Frog Nation, Solidly)
- Terra had no room for healthy debates.
- Risk Management (example)
- 50% of a crypto portfolio should be in ETH & BTC
- 25% in 5-10xers (AVAX, SOL, RUNE)
- 25% in 100xers (anything out of the top 25
- Invest using systems
- Dollar-Cost Average
- Have a risk/reward scale
- Put aside some funds to have fun (NFTs, trading)
- There are ONLY two blue chips in crypto (ETH & BTC)
- Never catch a falling knife
- LUNA went to $50, then $20, and down to $1
- LUNA is now at 0.0001
- Never use leverage
- People leveraging LUNA on Anchor still have tokens stuck in the protocol.
- You’ve earned some stripes if you survived this and are still in the game.
Market update 🌍
Bitcoin (BTC) held up relatively well yesterday despite the LUNA madness. The major confirm band between 29-30k weathered the storm after BTC fell to a low of 26,700K. The current levels will play a significant role in whether the crypto markets will continue to march downwards or begin to post a turn-a-round. A distribute of carry through and volume are occurring at these levels. BTC closed the US school term at US$29,006, down -0.25%.
source : trade Vie tungsten
The ETH/BTC pair chart that many ETH fans were hanging their hats on in the by week has slenderly broken down and looks to test the up trendline. I ’ megabyte guessing the USDT ephemeral depeg probably had something to do with the slender sell-off in Ethereum ( EHT ). With rumors of an Ethereum unite coming somewhere in the second half of the year, this chart will be a fun one to keep an eye on .
source : trade View
| US markets close | Gain |
| S&P 500 | -0.13% |
| Nasdaq | +.077% |
| Dow | +0.37% |
| VIX | -2.43% |
| Protocol (Coin) | Price ($) | Gain (%) |
| Maker (MKR) | 1404.00 | +21 |
| ApeCoin (APE) | 8.31 | +21 |
| Quant (QNT) | 72.57 | +14 |
| Amp (AMP) | 0.012 | +9.5 |
| Chain (XCN) | 0.08 | +9.5 |
| MXC (MXC) | 0.07 | +16 |
| Olympus (OHM) | 14.64 | +5 |
| Liquity (LQTY) | 1.47 | +29 |
| Bitcoin Fear and Greed Index | 10 Extreme Fear |
| “Crypto” Google Trends 90D | 78 (-12) |
| “Bitcoin” Google Trends | 82 (+1) |
Newswatch 📰
🤦 Really? The US Senate confirmed Jerome Powell to a second term as Fed Reserve Chair in an overpower 80-19 vote. Jerome Powell ’ s fantastic lead record of controlling inflation must have had something to do with it.
Behind Lightning. Former president of PayPal and by and by head of Meta ’ s crypto operations reveal mho startup plans of a ship’s company named Lightspark that will utilize Lightning to build backend infrastructure for companies to use the net. Backers include a16z, Paradigm, Coatur, and Matrix Partners .
Binance stops down, LUNA. Binance ceases LUNA trade and will remove many of the trade pair on the exchange. LUNA can still be trading in LUNA/UST and LUNA/BUSD .
Tidbits:
- FTX CEO Sam Bankman-Fried purchases a 7.6% stake in the Robinhood exchange
On-chain ⛓
CAKE 2.0. The largest change on Binance Smart Chain, PancakeSwap, proposes CAKE 2.0, an update on the tokenomics of its CAKE keepsake to include a soap supply detonator of 750m. PancakeSwap constantly has one of the highest drug user engagements for Decentralized Exchanges in crypto .
Tidbits:
- Aurora (AURORA) launched a $90 million fund to attract developers and boost decentralized finance (DeFi) on NEAR (NEAR) protocol.
- Lido Finance (LDO) deployed an additional stETH/ETH pool to improve liquidity and will feature an additional 1M LDO tokens incentives for a week.
NFT & metaverse update 🐵
Tidbits:
- Otherside sneak-peek of First Trip
- Doodle’s Doopilacator claim is today
- Beeple’s and Madonna’s Mother of Nature NFTs mint is live
Notable Mints:
| Project | Type | Mint price | Date of mint | Time |
|---|---|---|---|---|
| Laws of Adrenaline Zlatan Ibra | Sports | Drop | 12 May | 6:30 PM EST |
| ATEM Car Club | Game | 2,384 $ASTO | 14 May | 5:00 PM EST |
Banter’s take
You know what ?
Despite all the fury in the past few days, crypto is still here and however hard.
sometimes, if you need to walk away for a few days, that ’ s ok. Stop looking at your portfolio every five minutes, and remember to invest with a 5-10 class window in mind. malicious events have occurred in the past, and they will continue to happen in the future. so protect yourself, protect your funds and have some playfulness. But remember, this is a marathon, not a sprint .
PS This message is american samoa much for me as it is for you .
Gabri
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