Another interesting angle is that my job is sales for a company that sell a people analytics and workforce planning technology to companies, and my sector is financial services. I don’t know if it has hit any of your radars, but there is a trend at the moment titled The Great Resignation Wave.
Essentially, there is a Labour market shortage and resignations have gone up quite considerably as we emerge from the pandemic. I was speaking to a prospect who heads up the recruiting function for this company y’day who said Crypto exchanges and companies involved in the crypto space are a massive threat when it comes to attracting the type of talent they want and keeping them. He said it’s very disruptive because in the past they could plan based on competing for talent in the same space as them (competitors for example), but a lot of new companies with deep pockets in the crypto space have come along and made big moves, and they can.
For anyone still questioning the long term viability of this sector, you’ll be running out of straws to clutch at very soon
I wonder where it will end up come the end of the year?
Stock to flow predict over 6 figures.
Might see some significant resistance at 100k, but if it breaks that it will far exceed that.
Why do you say that out of interest, cos many will liquidate when it reaches 100k?
Psychological level. People will think “when bitcoin hits 100k I’ll sell, because I will have x dollars.” Usually happens with round numbers - last bull run it was 20k.
I noticed that I am now able to buy some cryptos through PayPal.... so... I bought £100 each of BTC and ETH just to dip my toe.
The fees were £2.30 for each £100 transaction. How does that compare with other methods?
I most recently spent $100 on BTC & ETH via Gemini and got $48.01 worth of each after paying $3.98 in fees. Open to hearing better ways to save on fees from others.
When you buy through Paypal do you have your own wallet or do Paypal hold it for you?
I noticed that I am now able to buy some cryptos through PayPal.... so... I bought £100 each of BTC and ETH just to dip my toe.
The fees were £2.30 for each £100 transaction. How does that compare with other methods?
I most recently spent $100 on BTC & ETH via Gemini and got $48.01 worth of each after paying $3.98 in fees. Open to hearing better ways to save on fees from others.
When you buy through Paypal do you have your own wallet or do Paypal hold it for you?
Not sure. When I log in to PayPal, I click a "cryptos" button and my assets are listed with "buy" and "sell" buttons available.
I guess this means PayPal hold it as there us no separate wallet?
Not that it matters much for me anymore, but if I were still holding Zil it’s never really looked close to going back to what I bought it at which was about $0.11
Not that it matters much for me anymore, but if I were still holding Zil it’s never really looked close to going back to what I bought it at which was about $0.11
It was there a couple of days ago.
I was reading yesterday that there's some evidence of the price being held back. Big sells on the hour every hour then slowly being purchased back.
The only time this wasn't happening this year was when it hit ATH in May.
Not that it matters much for me anymore, but if I were still holding Zil it’s never really looked close to going back to what I bought it at which was about $0.11
It was there a couple of days ago. I was reading yesterday that there's some evidence of the price being held back. Big sells on the hour every hour then slowly being purchased back.
The only time this wasn't happening this year was when it hit ATH in May.
Yup, looks like it’s in a range with it being in an accumulating stage. I think patience will be rewarded on this.
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Maybe will dabble in some proper alt coins in the future but happy sticking with BTC and ETH for now.
The joys of crypto.
Essentially, there is a Labour market shortage and resignations have gone up quite considerably as we emerge from the pandemic. I was speaking to a prospect who heads up the recruiting function for this company y’day who said Crypto exchanges and companies involved in the crypto space are a massive threat when it comes to attracting the type of talent they want and keeping them. He said it’s very disruptive because in the past they could plan based on competing for talent in the same space as them (competitors for example), but a lot of new companies with deep pockets in the crypto space have come along and made big moves, and they can.
For anyone still questioning the long term viability of this sector, you’ll be running out of straws to clutch at very soon
The fees were £2.30 for each £100 transaction. How does that compare with other methods?
When you buy through Paypal do you have your own wallet or do Paypal hold it for you?
I guess this means PayPal hold it as there us no separate wallet?
I was reading yesterday that there's some evidence of the price being held back. Big sells on the hour every hour then slowly being purchased back.
The only time this wasn't happening this year was when it hit ATH in May.