FUNDING:
INDUSTRY:
LEGISLATIVE ENGAGEMENT:
🔼 TOP GAINERS this week
🔽 TOP LOSERS this week
As of 11/6/2022 12:00 AM EST
It was an up week in crypto markets. But the same can unfortunately not be said of the largest equity indices (which ended the week down), bonds, or–for that matter–Bitcoin Miners, who have been under tremendous pressure. (TL;DR: With bitcoin hash rates at ATHs while energy costs soar; profit margins for miners are slim pickings). Indeed, some industry analysts warn the pain may not be over: This week one of the world’s largest bitcoin miners (Core Scientific) announced they were in trouble and looking at their options.
Yet, hodlers continue to demonstrate their willingness to serve as buyers of last resort. And as most of bitcoin’s ‘realized-losses’ on chain indicate fewer and fewer coins at a loss, as well as new daily bitcoin address numbers developing momentum, the only question is… Will they be there to buy the (whole) dip if there is a miner capitulation event?
Meanwhile on Twitter, in response to Sam Bankman-Fried’s thread/proposal on DeFi regulation (which has garnered a lot of attention–mostly negative–from the community), Vitalik has chimed in with some of his own ideas around industry self-regulation.
We hope you had a spooky Halloween! That day, the Bitcoin whitepaper turned 14. And moody teenager that they are, still shining through the curiosity and promise of a long and fruitful life. Here’s to 14 more years–nay, generations!--of sound, reliable, and incorruptible money.
- Yours in the #Hodl
Did you know you could set your Dollar Cost Averaging on Autopilot with the Ndax Recurring Purchase feature?
Dollar-cost averaging allows you to buy smaller amounts of an asset over a long period of time at different prices. As the cost of assets moves in a zigzag manner, investing at regular intervals allows you to buy an asset at an average price versus buying a huge chunk at one price point.
🕑 Invest consistently
Recurring purchases are an effective solution for traders looking to invest at an average price over a longer timeframe.
📈 Forget complex price movements
As more institutional and retail investors enter the crypto markets, prices of cryptocurrencies are gaining stability. However, you may still not want to take any significant risks with your money by trying to time the market.
💰 No need for a large sum of money
Investing a considerable amount at once is not possible for everyone. The dollar-cost average approach can be a good choice for investors looking to slowly enter the cryptocurrency market.
Upon login, Recurring Purchases are 6th from the top of the main left-hand menu/navigation bar.
Disclaimer: This article is not intended to provide investment, legal, accounting, tax or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.