(THIS WILL GET YOU THROUGH THE BEAR MARKET!) BITCOIN COLLAPSE & CRYPTO BANKS

CRYPTO V

Yes welcome back everybody to altcoin daily my name's austin the cryptocurrency market is getting drained right now as we are literally watching a sea of red now in today's artecle  i want to talk about what thi means for you as a crypto holder and just to be clear we're not going to talk about in today's ARTECLE  why the cryptocurrency market is crashing we've done that weeks ago we've made ARTECLE  on.

that for the last few weeks as well as more recently in just the last few days so if you're wondering why the crash is happening seek those videos out i'll leave a few links down below but in today's ARTECLE  check the timestamps like always let's focus on what this means to the crypto investor as of this weekend the crypto market h just entered extreme fear for the first time in months now what does this mean and how can we.

use this as investors in the crypto market why measure fear and greed why measure sentiment in the market well the crypto market behavior is very emotional meaning that crypto investors often act very emotionally people often tend to get greedy when the market is rising which results in fomo fear of missing out also people often sell their coins in an irrational reaction of seeing red numbers.

with our fear and greed index we try and save you from your own emotional overreactions so do you get what they're saying here they're saying when the market is close to tops that's when people get greedy when really that' when you should be taking profits and when markets are closer to bottoms on the way down that's when people get scared and they start selling that's how you go broke.

in reality what smart investors do in fact this is what warren buffett says all the time be greedy when others are fearful be fearful when others are greedy meaning that's when you should buy when themarket's on the way down and that's when you should sell when everybody else is greedy as the markets are going up extreme fear like right now can be a sign that investors are too worried this.

could be a buying opportunity when investors are getting too greedy that means the market is due for a correction now give me your thoughts down below on how much credence you put into a metric like this and that's not to say that bitcoin tomorrow can't dump another significant percent i don't know what the bitcoi price will do tomorrow and neither do you nobody can see the future but metrics like this for me at least signal.

that we're much closer to finding a bottom than we are to a top and what about this next up let me throw a perspective like this at you this crypto market crash is probably the best opportunity that can happen in your lifetime if you're not a 70 plus year old boomer and i would even say that 70 plus year old is young if you have  young mindset but the point is this all these people that are depressed right now because the.

market is down i understand them but for me a crypto market crash is probably the best thing that can happen in my lifetime the bull market is what makes you money the bear market is what makes you generationally wealthy and by the way that's not to say that 90 of these altcoin projects won't fail i think most of the altcoin projects will but bitcoin ethereum these quality crypto projects that we're seeing the growth in or seeing the building and the users come in those are the opportunity.

only 3.9 of the world owns crypto right now imagine when we hit 50 and it's not going to be easy right if it were easy then there wouldn't be an opportunity and we are early if you'r willing to have longer time preferences and it's one thing to say it but here's a chart from analyst willy woo to prove  it i call this chart we are still early hodeling for four years bitcoin has always outperformed every other asset class always zooming out things become clear and here it is here is the price performance of.

bitcoin the rolling for your growth o bitcoin versus every other asset class and you can see that it's not even clos even though bitcoin has had diminishing returns it has outpaced every othe asset if you're willing to hold for at least four years so if you bought in 2020 or 2021 you still have three two to three more years to hold i'm sorry those are the rules and looking forward when the blue trace that's bitcoin' performance when the blue trace moves into the cluster of the other assets bitcoin will have matured so you can see right here that bitcoin is getting close this tells me because of diminishing.

returns we probably only have one to two more big bull cycles left before bitcoin truly reaches mass adoption and we reach peak maturity i don't know what do you think i truly would love to hear your take on all this one two more cycles left and are you willing to huddle through the down times you tell me now next up i want to share with you some of those crypto projects some ofthose altcoins that are implementing through the down times so like always check the timestamps down below but just.

real quick as a reminder you can get up to 100 in crypto with altcoin daily for free through our partnership with ftx ususe this qr code right here or use code altcoin daily when you sign up for the ftx app and follow the instructions to bet free crypto with altcoin daily link down below do not forget to take advantage and next piece of news involving tara luna and btc a continuation from our story yesterday the terra luna foundation guard loans 1.5 billion dollars in bitcoin to their stablecoin usd to protect the stablecoin.

so drastic times call for drastic measures the organization's council meaning theluna foundation guard their council  voted to lend out 750 million dollars in bitcoin from its reserves and another 750 million dollars in tara usd their stablecoin ust to keep the latter asset pegged to a dollar so as we shared with you yesterday ust lost its pegging to a dollar it's an algorithmic stablecoin and now the centralized company behind them the organization made a loan to an unnamed professional market maker to help keep.

the peg the loan has been made in light of ust briefly falling below its dollar peg amid extreme volatility in the crypto markets and by the way this does mean they will be selling some of their bitcoin reserves to help keep the peg to usd here is an exact tweet from dokwan first off the luna foundation guard is not trying to exit its bitcoin position the goal is to have this capital in the hands of a professional market maker such that they can buy more of their stablecoin us whoops they can buy more of their stablecoin if the price falls below the peg or they can sell their stablecoin and buy more.

btc if the price goes above the peg thus significantly strengthening the liquidity around the ust peg so they'll buy more bitcoin if it goes above they'll sell their bitcoin if it goes below all to strengthen the stablecoin just fyi this is what's happening in the market and by the way this was the exact reason that tara luna bought so much bitcoin in the first plac for things like this next up some adoption news for xrp in. bitcoin a major japanese ecommerce site adopts btc and xrp payments for used.

cars the development marks the first time xrp digital currency will be used on a cross-border japanese e-commerce site so here are the details sbi motor japan a subsidiary of sbiafrica company  has announced that its customers can no make payments for used cars using bitcoin and xrp so if you buy out a country they're saying these are th cryptos we will accept we'd love to have you pay through them according to the announcement by sbi o  monday as i said the development marks the first time xrp cryptocurrency will be deployed on a cross-border e-commerce  website in japan.

and the btc and xrp transactions will be settled on the sbi vc trade company  cryptocurrency exchange owned by the sbi group but what this means for you if you're a holder is just a little bit more use on each network sbi motor japan exports about 5 000 use cars annually mostly to africa and according to the announcement the move stems from the growing demand for cryptocurrencies in developing countries particularly in africa where people still lack access to basic financial services.

and all those people who now just have to have a cell phone can have access to bitcoin xrp and can start doing e-commerce if they're buying from japan and next piece of historic news for d5 altcoin compound compound's enterprise arm receives an s p credit rating in a d5 first so the iffy b minus grade applies to compounds treasury a platform promisin four percent yield for usdc denominated business accounts so the heavily respected s p and they are heavily respected in the traditional world gave.

compound a b minus and that's actually not that bad it's a pretty historic for them to validate compound like that s p global ratings the arbiter of credit worthiness slapped compound treasury a product of compound prime llc with a b minus grade meaning that the usdc-powered yield platform ranks as speculative but currently has the capacity to meet financial commitments the outlook is stable says the s p about compound prime so why is this historic despite the poor marks compound heralded.

the rating as a d5 first it appears to be the first time an institutional d phi product meaning compounds has been scored by one of the major credit ratings agencies in a direct quote from compound this signals tremendous progress in the crypto industry's maturity as traditional institutions begin to judge the risks of digital asset powered financial offerings what is really interesting and important about this is it really does show that defy can be measured weighed and incorporated into more traditional financial risk methodologies and.

additionally also understood by traditional finance so i think this is cool i do think this is a win for compound because it does show that traditional entities are giving some sort of validation to these d5 protocols that's bullish all right that is the ARTECLE  my name's austin like always see you tomorrow if i missed a piece of news please let me know down below i will be sure to cover tomorrow hopefully.