Crypto Breakdown

Episode Summary:

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Support this podcast at — https://redcircle.com/crypto-daily/donations

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Episode Summary:

In this episode, I give an example of a beginner crypto portfolio for $1000.

I break up the $1000 into categories with percentages and give you a list of breakout coins for each percentage category.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Thursday. My name is Joe Dewitt, and this is the crypto breakdown. Today. I'm going to discuss where to invest a thousand dollars and how to diversify your portfolio. But first we have a question from a listener Ethan Case as he loves the podcast and wanted to see what I thought about ever-growing coin, ticker EGC.

So evergreen coin is a deflationary token, which really reminds me of safe moon. This has an 8% reward for every buy and sell transaction where safe. They have a 3% for every buy and sell transaction is sent back to the buy wallet, 2% transmit to the liquidity pool on pancake swap. The one thing I do is that the ever-growing system consists of NFTE lending and their marketplace and a content subscription platform, diversifies, a little bit of where the liquidity is coming from.

And the thing about evergreen is Ethan. K. If you got an early enough, then I think it could be a great investment. I wouldn't personally recommend this to people that I know just because I know how these. Deflationary tokens work. And with that 8% fee is really punishing when you want to come around to sell.

But if you were in early enough, I think you could definitely make some nice gains here. For the most part, I just like to play on the safe side. So I do like to stay away from tokens like these, but that doesn't mean that there's not money to be made. And now we're going to jump into where to invest a thousand dollars and how to diversify it.

 Keep in mind, guys, this is not financial advice. This is only my personal opinion, and this is essentially an introductory investment portfolio. So this is how I would diversify a beginner's portfolio or someone's starter portfolio. Now with. Absolutely 30% means to go to Bitcoin. Bitcoin is so important because it is essentially the gold standard for defy.

Everything is backed by Bitcoin. And if Bitcoin goes down, markets are going to follow. So having a good share of Bitcoin is definitely very important on a lot of people in the space. Think that it doesn't matter too much. Although as Bitcoin rallies come rolling around, it will definitely regret those.

So 30% in Bitcoin and 20% in Ethereum. So that is the first 50% gone. And two tokens. Now, if you know me, you know that I am an advocate for diversification. So you might be thinking, wait a second, 50% in two coins. That's not diversifying. This is Bitcoin and Ethereum and defy is built on these two Ethereum being the number one layer one, and the most popular blockchain for decentralized application.

These two projects aren't going anywhere and is going to be very important to hold these two in your portfolio. And it's nice to keep in mind. It's very good to have a larger portion into safer coins just to minimize the risk when trading. So now that first 50% is gone with Bitcoin and ether.

So for the next 20%, I would recommend investing in other layer, one tokens like Salana near AVX BNB. And if you wanted to use those examples for the 20%, you could just do 5% of. Now the reason I recommend doing this is to diversify into other layer ones that aren't Ethereum. So you can get a feeling of what's out there.

And as these other layer ones succeed you will have your foot in the door and have a little position that you can grow on. Now, 10% and two layer twos like polygon or Lupron layer, two projects are going to be crucial for the future of scaling blockchains on they help verify transactions and de clog the network layer.

Solution doesn't investments are going to be very lucrative. Now I had another 10% and two decentralized gaming. So something like manna for decentral land sand, which is the token for sandbox AXS for ACCE, infinity, or Pollis for star Atlas. Now, this is a good way to diversify into the defy gaming world.

There are so many plates earn games and blockchain games that are becoming popular and very lucrative. So to smart, to hop on board soon while they're still being developed and investing in these games while they're still very young is a great way to see what is out there and get every angle of defy rather than just investing.

And doze coin or Bitcoin alone. Now for the final 10%, I would recommend stable coins. Now, most people wouldn't say this, but I would absolutely recommend stable coins for last 10% of your portfolio sizable chunk. Just because it is very important to stay liquid. If you have 10% in USB-C or tether coin, Any stable coin like that.

What it allows you to do is when you find positions that you'd like or positions you were comfortable with, you are able to enter those positions. If I gave you a portfolio with all 100% of the thousand dollars in tokens, you wouldn't necessarily be able to invest in something new when you saw it, you'd have to upload some more money onto your exchange.

You'd have to start a new position this way. If you have stable coins, you can take out of the stable coin as you see fit, and you can put profits into it to keep it. So that being said a little quick recap, we got 30% in Bitcoin and 20% in Ethereum making the first 50% next 20% to layer ones like soul near Avox and BNB 10% towards layer twos like polygon and Lupron, 10% towards decentralized gaming manna, sand AXS Paulus and 10% and stable.

So this might not be the most explosive growth portfolio out there. No, not at all. What this is a very safe diversification into everything in defy that you would need. Now, a portfolio like this over time is not going to do bad. It is going to. Just purely based on the diversification. If you widen your range into different branches of defy, it most likely will work out for you.

And I just want to mention one more time that this is not financial advice. This is only my personal opinion on what I see fit on a beginner's portfolio. And that's all the time we have for today. Guys. I hope you found that insightful. You can follow and subscribe to our podcasts, which will all be going to.

Have a great Thursday

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Episode Summary:

In this episode, I explain what faucets are and list some of the top crypto faucets where you can accumulate free cryptocurrency.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Wednesday. My name is Joe Dewitt, and this is the crypto breakdown. Today. I'm going to talk a bit on how to earn some free cryptocurrency, otherwise known as faucets. And for those of you that are unaware of what a faucet actually is. Let me explain it a little bit for you. So a faucet is a site or an app that actually rewards you with crypto for completing simple tasks like watching videos.

Taking surveys or reading different articles. Sometimes referring friends also can get your rewards and every day the faucet will credit your Bitcoin wallet or whatever wallet you choose to use. And it'll actually send you the crypto most exchanges or platforms that actually do this. We'll have a.

Or some sort of restriction on when you can actually withdraw the funds. So they'll make you hold it for 20 days, 30 days, however long to make sure that people don't just bounce between different faucets and earn as much free cash as possible. So there is a little bit of a limitation there. If you're comfortable waiting a bit to withdrawal your funds, it could still be very beneficial.

So the reason that companies use these faucets is actually attracted visitors. So the amount of crypto that these companies give away as the marketing fee for bringing new people to their platform and usually doing this would involve making an account with the exchange or platform that you're trying to use.

Adding your crypto wallet. Following the guidelines to complete some of the tasks who aren't some free crypto. Now I will mention a few of the top crypto faucets out right now. The first one being Binance, which Binance is very popular crypto exchange where you can buy and sell most crypto's.

So Binance allows you to receive up to 50% discount on trading when you use their own tokens. So it's like getting paid for doing your regular trades, although with less risk and you can also receive free Bitcoin by inviting others to their platform. A second example would be Coinbase, which Coinbase is another very popular cryptocurrency.

 Exchange and wallet, which allows you to buy and sell cryptos and the faucets on Coinbase, they actually provide quite a bit. They have different videos, different articles that you can choose from different surveys that you can take, and they will reward you with quite a good amount of crypto that you can actually build up as crypto credit and then take out of.

There's also a bonus Bitcoin, which is one of the most popular faucets around because of their very generous referral program, where you get up to 40% of commission on their earnings. Another great option would be block fi, which offers a wide range of options. When thinking about Bitcoin faucets, the same thing we've been discussing, there's videos, they're serving.

Testing new apps. Some even like to play games and these rewards, you can get in as little as 30 minutes. So we're just watching a quick video. Their minimum withdrawal is $100. So you'd have to build up a little bit of a faucet that funds before you can withdrawal another great option. If you're looking for faucets would be cracking.com, which is another crypto exchange platform.

Which offers roughly the same features of the others. And just a few more in case you are curious and would like to go out and earn yourself some free Bitcoin there's coin, faucet, moon cash, Toro, Gemini, and Satoshi quiz, which all gave up. Rewarded cryptocurrency for completing some of the tasks on their website.

So if you are looking to build up a bit of crypto for free and you have a little bit of time on your hands, definitely check out some of these websites go over and see what they have to offer. There's nothing wrong with earning a little bit of free crypto. All right. And that's all the time we have for today, guys.

Thank you so much for tuning in. I hope you can get out there and earn some free cryptocurrency as easy as possible. If you want to fall and subscribe to the podcast, that'll all be in the description. Have a great Wednesday quickly. I just want to say that this is not financial advice. I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets.

Did you know nearly all stock price changes of 10% or more result from a single news headline? That's right. News headlines have a unique ability to drive stock prices up or down. These news catalysts create trading opportunities. Every. All you need is a little help to reach out and take them. And if you're looking to grow your portfolio, it doesn't matter if your investment budget is small or big, an easy to read stream of news headlines will increase your opportunities to profit from price changes in the stock market, consolidate a knowledge based investment strategy and grow your portfolio.

All you need is Benzinga pro and it's powerful news alerts, price tracking, and portfolio monitoring. To make a positive change in your trading performance. We've already helped thousands of retail traders across the world, and they could not be happier. Increase your market knowledge, boost your exposure to big movers and make informed trades before major price changes.

The opportunities are all around. You. Subscribe now and will skyrocket your portfolio today.

Support this podcast at — https://redcircle.com/crypto-daily/donations

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Episode Summary:

Today I talk about the top crypto scams and explain how they work. Some of these have personally happened to me or people I know.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Support this podcast at — https://redcircle.com/crypto-daily/donations

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Privacy & Opt-Out: https://redcircle.com/privacy

Episode Summary:

Today I talk about top coins to keep an eye out on this week and their technical analyses. BTC, ETH, NEAR, MANA, LEO

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Good morning, everybody happy Monday. I hope you all had a wonderful weekend. My name is Joe Dewitt, and this is the crypto breakdown. Today. I'm going to discuss the top five coins that you should be watching this week, starting off with Bitcoin, as it has been looking fabulous with this buying pressure that has been coming in.

So we established a floor here at about 35,700. And on the fourth, we got a little bit of buying pressure from the bulls, moving out towards that 42,000. Now, right now we're at some very strong resistance between the 50 day simple moving average and 44,000. Now that 42,000 or the 50 days is some very strong support that we've been using previous.

 This is a zone that we bounced between as we fell down to that 35. So as prices entered this $42,000 zone, it will be very crucial at a little bit more buying pressure here to get above that 44,000. Otherwise there may be a resound down towards that 35. Now a theory would be number two. Eve has been looking great.

Following in Bitcoin's footsteps with a bit of buying pressure here, he is up to a $3,090. Now what we're looking for on eat is to get above that 50 day SMA resistance, which is about 3,250. So what that would take would be a bit of buying pressure tomorrow and potentially throughout this week to push above that level.

If it is used as a resist. We could be falling back towards that 2,600. Otherwise I'm making a push towards that 3,400. Now it is important to consider the RSI, which is the relative strength index indicating if a stock or crypto is oversold or overbought. And we were sitting at roughly 60%, meaning that a theory is 60% over.

As that moves up to 75%. That'll look first.  Ideally that'll be around the 33,000 zone. If we push up to there, which would require a slight pullback. So definitely take a look at it, a theorem as it has been making good momentum over the last few days. Now the third token you should watch this week is near near protocol bounced off.

It's very large support of $10, which also cleared the 20 day. Exponential moving average at 1215. Now there was a slight pullback as bears tried to make some sell orders. But bowls held their ground and it held at that level, which was a very nice bullish sign there. So now I'm trying to push above that 50 day SMA at $14.

Now, if the bulls can manage to do that and it could climb over the 50% favor tracer, for those of you that are. Fibonacci ratios is just 23.6% 38.2%, 50% and 61.8% and then a hundred percent. So these ratios are used to calculate the trading support and resistance levels amongst runs on different stocks and cryptos.

So if bowls can push the near up to that 50% Fibonacci retracement, then that 61.8 retracement level it's $16 and 36 cents is going to be on the. Now on the other hand, if this level gets turned down, bears will attempt to have a slight pullback towards that 20 day EMA, which would put us back towards $10.

Now the fourth coin that you should take a look at this week would be decentral land ticker manna. Now manna broke the 20 day moving average at $2 and 70 cents, but it was also rejected from the 50 day at $2 and 90 cents on the 1st of February. So the bears tried to have a slight pullback there and they failed as price quickly.

 Was bought and brought right back up. So this indicates at that 20 day, moving average has flipped to support. Now, this push continued until the fifth and bowls are sustaining that price at that 50 day. Moving average. Now the Manor USD pair could rise to about $4. If they can continue to get that momentum coming in.

So definitely worth keeping an eye on that. Now the final token you should definitely keep an eye on this week would be Leo. Now Leo formed an ascending. Which broke and closed above $3 and 92 cents on the 1st of February, which bulls tried to pull down a bit on the second, but failed. So a ton of buying pressure came back in on the fourth and price soared to an all-time high of just shy of $6.

Now there was a very long wick on here, which indicates that people were taking some profits. So there will be a pullback on Leo, although it is nice to consider their momentum is very strong. Now in bulls are in control of their market. So if they can continue a rally up towards $6, would it be awesome?

If not, they could fall down to that 20 day, leaving him about $4 and six. Now the one thing I will say about Leo is definitely be cautious because it is very high on the RSI that relative strength index. So it should be coming down a bit into a consolidation probably towards that $4 and 80 cents. So definitely evaluate a risk to reward ratio before you think about buying Leo and that's all the time we have for today, guys.

Thank you so much for tuning in. You can follow, subscribe to the podcast, which will all be in the description. Have a great day

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Episode Summary:

In today's episode, I talk about some NFT launches that have the potential to be blue-chip.

I also explain how to determine which NFT to invest in.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Friday. My name is Joe Dewitt, and this is the crypto breakdown today. I'm going to discuss some upcoming NFT launches as well as break down a little bit. What gives NFTs value? So, first off for some upcoming launch, we have invisible friends, which is going to be minted on the Ethereum network.

It is a collection of 10,000 characters and. The project has been gaining some heavy traction over the previous months, they're up to over 100,000 Twitter followers and it is looking like this has the potential to be a blue-chip NFT. The mint price is sitting at 0.15 east. There are talks in the community that this project has the potential to reach a floor of over one Eve.

This is a very visually appealing project. I would definitely recommend giving it a look. Another upcoming mint would be crypto coins. Now, this is also on the Ethereum blockchain, and this is a collection of pixelated university themed NFTs. The ment will be 0.06 Eve. And this project also does incorporate aspects of, um, actual universities here in America, which is a super cool, another upcoming NFT launch would be gizmo rebels.

This is actually on the salon network. So for those looking not to pay high Ethereum gas fees, Solano as a great alternative to trade on FTS. Now, this is a pixelated robot collection where owners are actually given the ability to upgrade their cosmetics and change the look of their NFT avatars, the public mint hasn't been released, but it is to be, um, between February 4th, which is today and February 11th.

One more upcoming NFT mint that I would like to mention is my personal favorite. And this is the Takashi flowers collection of by Takashi Murakami. And for those of you that are unaware of Takashi Murakami, he is. And he's designer who illustrates and paints pictures. He's a very well-known artist in the community.

And he actually collaborated with RTF K T studios, which was later bought by Nike to make some traits for the clone X NFTs. The Clonex NFTs are sitting on a floor of roughly 14 east. So there's definitely some high value in that collection, but Takashi Murakami announced that he was going to drop his own exclusive Murakami flower collection, which.

Influenced off of his signature design of the mirror, Cami flowers. Now this is a pixelated collection of 10,000 NFTs on the Ethereum blockchain, the mint price, and the announced date have not yet been announced, but he has, um, it made an Instagram account for his NFTs and has announced that they will be sometime in February, but the date has not yet been revealed.

So I would highly recommend. Taking a look over at the mirror. Cami flowers as a release date is approaching any day. Now, now I'm going to go ahead and talk a little bit about what gives NFTs their value and are all NFTs valuable. The value of NFTs clearly are subjective as it really matters based on personal opinion.

So arts could easily be one value, but another value that is highly sought off or would be utility. So NFT that actually provide utility for its owners is huge. Although that being said. Just because an NFT has some sort of utility or its stakes for some sort of coin does not actually give it value now just because there's a mechanism to stake for a worthless coin, just because you gain 20 token a day, the token is sitting at 2 cents.

You're not. Benefiting that much from owning the NFT. It is important to consider the development team that made the NFT where the idea for the art came from and what the actual value of the utility is. If it seems like they're just staking it, you relevant token, maybe stay away from it. If they're trying to bring in some real world utility, or if they created a Dao, which is trying to provide liquidity for different owners and trying to build.

Treasury that is very different. Um, uh, Dow for those of you that don't know is a decentralized anonymous organization, which means essentially that is just an organization that is managed by all of its peers and they are all anonymous. Another thing I want to mention is that anyone can make an NFT. Um, if you have any sort of pixelated arts, you are able to find, um, A number of countless platforms where you can go on and mint your NFT onto a blockchain of your choosing.

So that being said, it is very easy for people to post or mint NFTs to the blockchain. So definitely worth considering when looking at a project, if this is something that someone just created and uploaded to the blockchain to make it. Gains or if this is actually a real project with real utility that will move on and continue to create liquidity.

That's all the time we have for today. Guys. Thank you so much for tuning in. 

Support this podcast at — https://redcircle.com/crypto-daily/donations

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Episode Summary:

Meta Plunges 20%; What does this mean for Metaverse?

Coachella and Super Bowl NFTs

Why you should have Layer 1 and Layer 2 Coins on your watchlist.

Top coins under $100 to keep on your watchlist with very bullish utilities.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Thursday. My name is Joe Dewitt, and this is the crypto breakdown. So first off Meta's stock plunges 20% following week earnings. Now this is an incredibly large drop for a publicly traded stock. Now, although that drop did scare, a lot of investors met as vision to pivot towards the metaverse is entirely new and completely scary for most.

  It is expected to be a little shaky in the start. The NFL also announced that they are going to be giving NFT. All Super bowl holders so they can have a life long memory of the Superbowl that they attended as well as Coachella announcing that they will release 10 NFTs, which the owners will be lifelong members of Coachella.

Now let's jump into the top coins that you need to add to your crypto watch list. First off are the given. I assume that everyone is taking a look at Bitcoin, Ethereum, maybe Salana maybe Binance, but taking a look at some smaller total. Eunice swap is a great token unit. Swab is a decentralized exchange on the Ethereum network token setting at about $10, which was a great price for unit swap.

Uniswab is a very established exchange and I don't see it going anywhere anytime soon. So definitely worth keeping an eye on The central land, ticker Manoj is also an amazing crypto end game currency for decentral land, which was used to buy NFTs and the metaverse decentral Anna sitting at $2 and 62 cents definitely worth taking a look at the central line that if you were interested in play it to earn games or metaverse products, Another great point to add to your watch list would be avalanche, ticker, apex avalanche prices sitting at $66.

Apex did see a large run up to about one 30 back in November and ever since then price has been consolidating a bit, making it a great entry point to get it. Atlanta's another layer, one blockchain, which allows decentralized applications to be built on the network. And I would definitely recommend taking a look over at avalanche.

Another coin I would recommend adding to your Watchers would be near, near protocol is absolutely amazing. It is another layer, one blockchain that has gained some heavy momentum over the following. Now generally rule of thumb, I do like to promote layer one blockchains, which layer ones just mean that they are the first layer of chain.

So other decentralized applications can be built upon them. These just allow for great opportunities and great diversification because although a theorem is a great layer one there are going to be other networks that people are going to develop upon and build on. The future. So trying to diversify and pick up those layer ones while they are not yet quite popular is a great strategy to have now for the final two tokens, I think you should add to your watch list.

The first one is going to be a chain link, ticker link. Now it chain link. If you've been around in the podcast for a while, you've heard me talk about it. Chain link provides Oracle feeds for blockchains, which means they provide data that actually gets put on the blockchain, which is called Oracle.

Blockchains essentially need link or some sort of Oracle feed to actually put data on the blockchain. So it is  very important. Blockchain cannot run without Oracles. And Shane link is the world's largest Oracle provider sitting at $15 and 66 cents making an absolutely great The future of chain link is going to be very bullish.

And the final token be an AXS, which is the governance token for the ACCE infinity ecosystem. Now AXS has a very unique sticking mechanism with 130% APR currently, which might be a little lower. By the time you were looking at this APR just means annual percent return. So the annual return you will be getting absolutely incredible APR on the ass.

And it also allows you to. To breed at your axes, which are in game characters for the game, allowing more opportunities to earn passive income. So if you're interested in earning passive income, I highly recommend taking a look over at ACCE infinity and favoring that AXS and adding it to your watch list.

That's all the time we have for today. Guys. Thank you so much for tuning in. You could follow and subscribe to the podcast, which will all be in the description. Have a great day quickly. I just want to say that this is not financial advice. I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets.

Did you know nearly all stock price changes of 10% or more result from a single news headline? That's right. News headlines have a unique ability to drive stock prices up or down. These news catalysts create trading opportunities. Every. All you need is a little help to reach out and take them. And if you're looking to grow your portfolio, it doesn't matter if your investment budget is small or big and easy to read stream of news headlines will increase your opportunities to profit from price changes in the stock market.

Consolidate a knowledge-based investment strategy. And grow your portfolio. All you need is Benzinga pro and it's powerful news alerts, price tracking, and portfolio monitoring. To make a positive change in your trading performance. We've already helped thousands of retail traders across the world, and they could not be happier.

Increase your market knowledge, boost your exposure to big. And make informed trades before major price changes, the opportunities are all around you. Subscribe now and will skyrocket your portfolio today.

Support this podcast at — https://redcircle.com/crypto-daily/donations

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Episode Summary:

On Tuesday U.S. SEC announced a delay on the decision on Bitwise spot bitcoin ETF listing. I explain what this means for Bitcoin and crypto trading and how the Biden administration's executive order on crypto regulation ties into it.

Tune In for Bitcoin Technical Analysis and whether its a Bear or Bull market right now.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Wednesday. My name is Joe Dewitt, and this is the crypto breakdown. And today we're going to be taking a look at Bitcoin. Bitcoin has not been doing too great over the last few months. As price has continuing to fall from 69,000, all the way down to about $38,000. Currently now at the end of January, Bitcoin did fall to about.

3000, which was below some crucial support. It had at 36,000. Now, since then, over the last week, Bitcoin has seen an increase in price as it has gone up about 3%, but this is a very pivotal point for the long-term price of Bitcoin. As most people do think we are entering a bear market. Now it may be too soon to tell.

Could be a massive fake out here, although it is looking like it is forming a massive head and shoulders, which would lead to a overall bear market. Now let's go over both the possibilities real quick. If this was a humongous fake-out it still is in the place because the previous low from back in July, which is 30,000 has not been, we've not got below that low.

So we are still accumulating higher lows here. And the macro sense of. So that is still good. I guess we could get back above that 44,000 and work our way up, back towards 50. And that would definitely be a great sign for Bitcoin, but on the alternative it could continue to play out on the structure and bounce down towards that 31,000.

Now, if it gets down to 31,000 and gets rejected, then that is no good. And we are going to be going down for quite a bit. Taking a look over at the RSI, which if you remember from previous episodes is the relative strength index determines if something is becoming overbought or oversold. Now it is quite low at about 30% meaning that Bitcoin has been oversold.

So there is a small bicycle here. Does not mean that price is going to regain back towards where it was, which is concerning me as price may continue to fall now on other news for Bitcoin that the U S secretaries and exchange commission said on Tuesday, that it had not decided on whether to allow the listing of a spot Bitcoin exchange traded fund by.

And they asked the public for comments on aspects of the funds application. Now, the sec has been denying many Bitcoin ETFs. Although in October, they did approve to Bitcoin future based funds, which were the ProShares Bitcoin strategy ETF and the Valkyrie Bitcoin strategy ETF. Which both made their wall street debuts.

Now the sec has been asking many parties about comments and to send in different comments on this ETF. And if it could become a predominant influence on prices for Bitcoin, I think honestly, what they're trying to do here is not overexpose people to Bitcoin, that they think that two ETFs. Enough for the time being.

So I think they're trying to form a strategy for the future of these ETFs. Also, I would not be surprised if they're trying to regulate them slightly further before I'm just approving a dozen Bitcoin ETFs. If they were to just keep approving these ETS, it'd be a lot easier for investors and institutional investors to invest into Bitcoin, which I think.

They might not want at the moment. Now, this also goes with the Biden administration that is preparing to release an executive order on some Bitcoin and cryptocurrency matters of national security. Now, this is really interesting as we might see a bit more regulation on trading cryptos, which would be very interesting, and that's all the time we have for today, guys.

Thank you so much for tuning in. You could follow, subscribe to our podcasts, which will all be inscription. Have a great day

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Episode Summary:

Today on the Crypto Breakdown I look at

Today I look at the top 5 mistakes to avoid when trading crypto.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Tuesday. My name is Joe Dewitt, and this is the crypto breakdown. Today. I'm going to discuss some top five mistakes when trading crypto now, number one would be not having a goal. Now it's super important when you're trading cryptocurrency to establish a goal at whether it be short-term or long-term.

And this really helps put into perspective what your returns are going to be. So, for example, if you were trading short term, you would have a different trading strategy than someone trading long-term. And this is really. Important to actually develop a plan and stick to it because it helps steer you in the right direction rather than, um, just trading off a FOMO, which is the fear of missing out, which is often a huge motive, um, for people to be trading crypto, as they think that they will grow exponentially.

So forming a plan and sticking to it is absolutely. Now the second mistake, I want to talk about goes a little bit off of that, not having a goal, and this would be thinking too short term. Now, a lot of people like to think about their immediate returns and what a project will be doing for them in the short term, but in crypto, considering that decentralized finance is so new and upcoming, and it's really important to look at the bigger picture and take a step back and say, More long-term than the relative short term.

Now this could be good or bad. Now, if you think of a token going exponential, if you take a step back and think, um, long-term, there may be a reason why it is going, uh, parabolic. It might be because it is in a short squeeze. It might be because of the FOMO and recent launch. There are many different factors.

On the other hand, you could have a token that is highly valued in. Um, an insane amount of utility and it is extremely undervalued or the price is going lower and lower. Now, if you take a step back, you would, you'd be able to understand that the project is very fundamentally strong. So, you know, the longterm, um, benefits are going to be better than the short term and see these.

A few examples, but I'm sure you can imagine all the other examples from thinking to short-term. So I recommend don't do that. Try your best and take a step back and look at the bigger picture. Number three would be directly jumping into trading without any sort of knowledge or any sort of experience and technical analysis.

Now, if you want to begin trading, there's a lot of websites that help break down some indicators and teach you a little bit about market structures. Trading view is an absolutely great resource. If you want to go on and learn some indicators, um, you can also use their charts and they provide free. And go on and look at different timeframes and look at different indicators.

Now, what I will recommend with charting is use different indicators to paint the bigger picture. You do not want to be looking always at an RSI and a 50 day moving average, because you will paint a biased picture. You always want to change your indicators to help you gain a better picture of where the price is going.

And as well as timeframes, don't be afraid to look into that 30 minute, that one hour, four hour, 12 hour, one day, one week. Taking a look at every sort of timeframe really helps get in perspective where price is going and will help make you a better trader. So number four would be trading on a platform that is not secure.

And all I will say about this one is, um, just do a bit of research when you're looking for an exchange. And if you are looking for a secure. I highly recommend Coinbase FTX exchange Binance. Those are some of the most used ones. You're looking for a decentralized exchange pancake swap Eunice swap curve.

There are a lot of exchanges that provide a secure platform for traders. And finally, number five, I would say, would be, do not overextend. This is probably the number one mistake that people make when trading crypto and trading other commodity. It would be to overextend their position. Now, even if you were very confident in a trade, it is very important to make sure you diversify your positions.

Now, what this does is actually help mitigate some of the risk when you're trading crypto. And, um, I guess one would say don't put your, all your eggs in one basket. That is a way you could. This, it is really important to try and diversify into many different projects as it will be a lot better. Long-term and this plays into the building a plan.

You will build a plan to diversify and structure your portfolio to accommodate a few different areas of crypto. So you could go into defy a little bit of utility tokens, maybe some store. Bitcoin, and this will help make sure that you get the entire value out of everything that you were looking for in crypto.

And this makes it a lot safer. Although these are some of the most volatile assets that can be traded, diversifying your assets and not putting all your eggs in one basket really helps mitigate that risk. And that's all the time we have for today. Guys. Thank you so much for tuning in. You could fall and subscribe to the podcast, which will all be the description.

Have a great Tuesday

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Episode Summary:

Today on the Crypto Breakdown I look at

Today I look at the top metaverse coins with the highest returns.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey, everybody hope you had a wonderful weekend. My name is Joe Dewitt, and this is the crypto breakdown. And today I'm going to talk about some top gainer metaverse tokens that you definitely need to know about. So the first token being the sandbox, ticker sand, which is the end game currency for the sandbox metaverse game.

Now this token linked with a blockchain based virtual. Gain 23% over the last seven days. And sand actually touched an all time high of $8 and 44 cents in November. Sandbox has been an increasingly popular metaverse game and is definitely worth keeping an eye on as they plan to expand their project.

The second token it, you should definitely know about would be a feta fuel ticker T fuel and T fuel. Serves as a utility token and gas token for the fate of blockchain now T fuel shot up 22.6% and touch all time highs of at 68 cents in June last year, T fuel also announced its T drop token, which will be launched in February.

Which rewards activity on the feta drop NFT marketplace. Another top earner coin would beat the central land ticker Manoj. Now this token is an end game currency for the decentral land ecosystem, which allows users to buy different NFTs and the decentralized metaverse. Now this token arose 21.7% over the last seven days and touch them all time.

5.9 in November. Decentral land has been very popular ecosystem and the metaverse realm on the also just had a project, fantastic land. A blockchain company said that they'd be hosting a carnival on decentral and for the upcoming lunar new year event, another top earner token would be. Ticker flow now flow actually focuses on the current generation of games and apps and their digital assets rose 28.1% over the last week and flow touch an all time high of 46 and April last year.

Now flow is a blockchain project that hopes to be the streaming of blockchain for the future of e-sports gaming and blockchain gaming, which is super, super cool project. Definitely recommend keeping your eye on. And that's all the time we have for today. Guys. Those were some looks at some top earning metaverse tokens.

I definitely recommend keeping your eye on them and doing some research in your own free time. When you have the time, if you want to go ahead and follow and subscribe to our podcast, you can do which will all be in the description below. Have a great day

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