DDCT #141 - 6/24/2022 (Should You Buy the Crypto Dip While Bitcoin and Ethereum Prices Are Down? Here’s What Experts Say)
21m | Jun 24, 2022#Bitcoin #Cryptodip #Buythedip
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ARTICLES used in today's video:
https://ambcrypto.com/bitcoin-the-cost-for-maintaining-this-firms-hodl-strategy-3k-btcs/
Bitcoin: The cost of maintaining this firm’s HODL strategy? 3K BTCs…
Canadian cryptocurrency mining business Bitfarms has sold more than $62 million in Bitcoin in June, using the proceeds to settle its debt. About 3,000 Bitcoins, or roughly 47% of Bitfarms’ total holdings of about 6,349 BTC, have been sold in the preceding seven days, according to a statement released on Tuesday.
According to the company, it will “rebalance its liabilities by lowering its BTC-backed credit facility with Galaxy Digital,” with the $62 million from BTC sales. As of the time of writing, Bitfarms’ debt was $38 million after using the cryptocurrency it sold in June to reduce its credit facility from $100 million to $66 million.
https://bitcoinist.com/purpose-bitcoin-etf-suffers-massive-outflows/
Canadian Purpose Bitcoin ETF Suffers Massive Outflows, But Others Are Picking Up The Slack
With the decline in bitcoin prices have come various implications for different types of investors. Retail investors with direct exposure to the market have taken heavy losses, as have the institutional investors. The most prominent of these have been in the Canadian Bitcoin ETF, Purpose, which had recorded some of the largest losses in the space.
Your email is a major source of security risks and it's getting worse
Malware delivered to email accounts rose 196% in 2021 year on year, according to cybersecurity firm Trend Micro, which warns that email remains a major avenue for criminals looking to deliver malware and phish account credentials.
https://fortune.com/2022/06/23/vitalik-buterin-crypto-utopia-wealth-signaling-yacht-three-arrows/
Vitalik Buterin says he wants to turn the world into a utopia where ‘rich people’s desire for wealth signaling’ doesn’t go to ‘wasteful zero sum crap’ like a superyacht
The creator of Ethereum has a unique goal for society.
“I want to make our world more like the Yudkowskian dath ilan utopia,” Vitalik Buterin tweeted on Thursday, referring to a fictional, parallel Earth called dath ilan, created by artificial intelligence researcher, safety activist, and writer Eliezer Yudkowsky. In this “utopia,” he said, “instead of rich people’s desire for wealth signaling going into wasteful zero sum crap, it goes into supporting public goods.”
https://time.com/nextadvisor/investing/cryptocurrency/should-i-buy-crypto-dip/
Should You Buy the Crypto Dip While Bitcoin and Ethereum Prices Are Down? Here’s What Experts Say
In case you didn’t know, bitcoin is on discount right now.
That’s according to two experts and a major financial institution who say bitcoin is currently undervalued at $20,000. JPMorgan Chase recently valued the coin at $38,000 — roughly 90% more than its current price.
https://alternative.me/crypto/fear-and-greed-index/
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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
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