Coinstack
1.23K subscribers
412 photos
24 files
478 links
All things Ethereum, Bitcoin, DeFi, Blockchain, Crypto, and Web 3.0. With analysis of the macro trends and technological innovation as we build the future of money.
Download Telegram
Portfolio update: Been stacking ETH this week. It is now my #1 investment (26.6% of portfolio). Why? Because EIP-1559 is coming in July with the London update and that will initiate the burning of transaction fees, which will begin to reduce supply. And once ETH 2.0 PoS goes live in Q1 2022, all mining fees will instead be going stakers (aka long term holders). Also, those annoying $30 gas fees per transaction are going away this summer with rollups of layer 2 scaling solutions like Optimism, ZK Rollups, and ImmutableX. We are about to see a major shift away from BTC and toward ETH between now and 2025 once people understand the implications of these three updates. Few understand this now. Stack that ETH friends. December 2021 price target: $5k-$7k.
ETH fact of the day... Ethereum revenue is up 1825% in the last year while the price is only up 1344%. This means that on a price-to-revenue basis, Ethereum is actually cheaper than 1 year ago.

I recommend following the 144 members of the "Ultra Sound Fam" on Twitter. See list here: https://twitter.com/i/lists/1376636817089396750
A ten year advance heads up that ALL stocks will be trading on blockchains by the end of this decade.
CoinGecko-2021-Q1-Report.pdf
3.7 MB
Here is the Q1 2021 Digital Assets Report from Coin Gecko that came out today. Great data!
For anyone interested, this aligns with my expectation for what securities trading (aka stock trading) will look like in the future. Always open markets, ownership recorded on chain, with dividends issued on chain direct to wallets.

https://medium.com/inx-co/the-future-of-securities-trading-1c926c1750bc
For those interested in learning more about ThorChain (RUNE), the first cross-chain DEX, I highly recommend this fantastic article by Erik Vorhees.

https://link.medium.com/fBdQ5QcUtfb
For those who have been waiting, right now is a very good moment to buy in.

A bunch of highly leveraged traders just got liquidated the last four hours by the drop, making almost everything 15-20% cheaper.

We are still only halfway through this bull cycle. Today is a great buying opportunity.
The bottom of each Bitcoin mini-correction higher than the one before it. Bullish. 15%-20% drops like today’s are normal and tend to happen about once per month. We have had 4 such corrections so far in 2021. It’s a normal part of the process and helps flush out over leverage to reset for further growth. Next milestone: $67k
Today I added to my RUNE position and bought some Polakdot DOT3L tokens (3x the upside and 3x the downside) on Binance.com
The ratio of the value of Ethereum to Bitcoin is now 0.04, which means it takes 25 ETH to equal one BTC. This has increased substantially since May 2020 when it took 50 ETH to equal 1 BTC. The value of Ethereum has been growing at nearly 2x the pace of Bitcoin the last year.
Learning crypto investing will create life changing wealth for tens of millions of people in 2021. Are you going to be one of them?

If you’re not investing at least 1 hour per day or more in your learning and upgrading your brain, you’re not doing it right yet.

If you’re not on Binance/FTX, Uniswap, and MetaMask, you’re not doing it right yet.

Invest in your knowledge. Invest in your future. This will be the biggest thematic opportunity of this decade. You are very, very early. Invest in education now.

Don’t outsource your knowledge to others. Download it direct into your brain 🧠.

💪💛 -Ryan
For those of you wanting to go deeper in your understanding of how ETH is scaling from 30 TPS today to 100,000 TPS by the end of 2021, read this...
https://medium.com/matter-labs/zkporter-a-breakthrough-in-l2-scaling-ed5e48842fbf

Pretty much no one has factored this into their ETH price models yet 🙂
Does anyone know of a Decentralized Exchange (DEX) that enables trades in both Ethereum ERC-20 tokens and Binance BEP-20 tokens with low fees? Lmk in comments.
When you layer the chart for 2016-2017 Bitcoin cycle (in purple) on top of the 2020-2021 Bitcoin cycle (in orange), starting from the date the last halving on May 11, 2020, it implies we will reach a price point of $253,021 by October 6, 2021. And considering we’re currently ahead of cycle 2, some like Willy Woo are projecting a $300k top. However...
...Assuming cycle lengthening theory holds (in which each Bitcoin cycle from market halving until peak price lasts long than the one before it) and extrapolating the declining logarithmic growth of each cycle, I expect that Bitcoin will peak in this cycle somewhere around $108k around the end of 2021. Large institutional capital flows this cycle may make the actual peak higher than this forecast. My best guess is that we get to somewhere around $110k to $150k by the end of 2021 and then during 2022 drop from that level back about 50%-60% to around where we are now ($60k to $70k) before resuming an upward trend toward $500k in the 2024/2025 bull cycle. I expect the drawdown in 2022 will not be as severe as prior cycle 85% drawdowns due to the level of institutional capital coming into Bitcoin. You can view my original TradingView chart at https://www.tradingview.com/chart/BLX/ONvywhVn-Predicting-the-December-31-2021-Bitcoin-Price-108k/