The Bull Continues - Mine Digital
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The Bull Continues

August 6, 2020 • 
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Retail flood gates opening, Bitcoin, Link, Gold and Silver

Here it is, the 22nd edition of The FUD, where I talk about the biggest FUD of the week. I help clarify events that crypto twitter decides to escalate. Leggo.

This week has been incredible, the bull market is confirmed and in full effect, the king, Bitcoin, has held strong. Gold & Silver still on the rise. LINK and BAND at ATH. To be honest I think we are about to experience things wehad never seen before.

Silver and Gold run still going strong

Gold and silver started running last week, they have not stopped, i guess the love for real assets is finally. real as people understand the difference between real money and fiat.

In saying that i believe JP Morgan to be right, Gold is what the old investors buy, the younger generations are flocking to digital gold.

This could explain why Peter Schiff hates us soo much, we are stealing potential gold buyers and moving them to Bitcoin.

Ethereum 2.0 is here

The testnet is finally live, and the blocks are coming in. This has been the long-awaited promise, lets see how long it takes for mainnet.

I never doubted it would happen, but we were definitely forced. to wait too long for it, but hey, it’s here now, the sentiment is stranger than ever, while price did not pump much, it is coming, trust that it is, the recent run in ETH could have slightly price in the initial release.

Beyond Eth 2.0 a new firm has begun using Ethereum, Coca Cola.

Chainlink to new highs

Chainlink has been a beast, I think as DeFi grows we are understanding the value and importance of decentralized oracles. No surprise after all data is the most valuable asset.

Meanwhile Zeus Capital are rekt.

I mean as we said last week what people need to understand is this is a common tactic in crypto except really shot-callers are too smart to get caught. Think about it, why would someone pay to expose a fraud, well, because they have a massive short position open. It’s a high RR trade.

So-called “influencers” do this all the time, so people please don’t be sheep, there will be more of this in the coming year. Don’t be a pawn in their game.

In this instant, all I can say is the numbers don’t lie. The market is smarter, they see the fundamentals, they see the value and the sentiment is stronger than ever. LFG!!!

Bitcoin retail flood gates have opened

The most important news this week has to be Dave Portnoy getting into Bitcoin.

I still see morons saying Bitcoin does not need the retail pump. Well, they are. morons, when Dave Portnoy sells bitcoin to his crowd this will open us to millions of new users and believers who would have never touched Bitcoin.

Without the retail we have nothing, this could be the single most noteworthy news we have. The floodgates will open and we will go to new highs and have new users pouring in. Sure most are just trader but some will read more and fall in love and those new hodlers will fuel the next run.

The Trade

The trade, so everything has gone bullish, BAND went crazy over night. 

But I had a look at 3 charts a few. days ago, XLM, DOGE and BAT. All Bullish. 

Buy anything and don’t look back, that seems to be effective as a strategy. 

Hope you all enjoyed the update, follow me @TheBitcoinaire and @MineDigital on twitter and medium to stay updated on The FUD and Whisky & Wicks. For the best rates in Australia guaranteed use Mine Digital. Mine Digital also has insured custody so don’t worry about your funds.

Please note this is not intended as financial advice. Always do your own research. The writer holds (and is biased towards) Bitcoin. The writer’s thoughts are his own and do not reflect those of Mine Digital.

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