
Crypto Breakdown
Business & Economics Podcasts
Crypto news, NFT review and coin updates. Tune in to learn about to latest developments in Crypto World before you start your trading day.
Location:
United States
Description:
Crypto news, NFT review and coin updates. Tune in to learn about to latest developments in Crypto World before you start your trading day.
Twitter:
@Benzinga
Language:
English
Contact:
877-440-9464
Email:
aslicoskun@gmail.com
Episodes
Talking DeFi with COO of FCF Pay Joe Parkin
5/25/2022
Episode Summary:
In this episode of the Crypto Breakdown, I talk to COO of FCF Pay Joe Parkin about:
Guest:
Joe Parkin
COO of FCF Pay
Telegram: @joeeoj
https://linktr.ee/fcf_bsc
Host:
Joe Dewitt Follow at: https://twitter.com/metabitz
Crypto Heat Map
Subscribe to our Benzinga Crypto Youtube Channel
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Hey there everybody happy Wednesday. And welcome back to another episode of the crypto breakdown. My name is Joe Dewitt, and today with me, I have a COO over at FCF pay, Joe Parkin, Joe, how are we doing to start things off? For some listeners out there who may not be familiar with the platform, if you want to just go ahead and talk about what FCF pay actually is.
So fcf pay is a crypto payment gateway. In the case of e-commerce we take the. We work in a similar kind of way to pay panel Stripe. However, we're slightly different in that we can be integrated with point of sale terminals in brick and mortar stores, or also, and do you do crypto payments and Fiat payments, or are you sticking with crypto payments at the moment?
Or how does that work? The core products CFP is crypto. However as FCFA is built with an API that can connect to anything We have a crypto on-ramp at the beginning and off-ramp at the other end. So although we are processing crypto, we do offer integrated systems for people to be able to use their credit cards, to buy crypto and send it directly to the merchant.
Okay, cool. And for the merchant to off-ramp directly to their. Bank account. We're currently doing this with . We have a partnership with them. They're one of the biggest players in the feared cryptocurrency space, working this with the larger exchanges. And I'm not too familiar with the FCF token. So how does that work?
Is there any like unique utility with it, or if you wanna talk about the dividends or how those come into play? So the unique thing about our token is that it's a revenue sharing. It's not a utility token as such, because it doesn't actually do anything within the system. Its sole function is to distribute dividends to its holders.
So we have 10% to economics on buys and sells. Half of that is distributed as BNB dividends amongst holders. And then also two thirds of every transaction fee through. MTFP also goes back to the community to hold it. FCF token in the form of one third, directly as evidence and one third as a, an automated buy back in burn.
Cool. Is it available on other trading platforms or is it strictly through MTFA? They're actually. It's on pancake swap so you can buy it by its own pancreas. Awesome. Exactly. But also on L bang can hot bits as well. We're our roadmap includes larger exchanges further down the line.
However, not very much further down the line. However, to be perfectly honest, the sensible thing to do is to hold a in, in a wallet, in a defy wallet, because that way you get your. Exactly. It would be a shame to probably on a, an exchange. Yeah, exactly. And then you're not receiving that that, that dividend payment.
Exactly. Moving down the road, does FCF have any sort of plans to pivot or move into a sort of an NFT project or any sort of NFT utility down the road? Are you just sticking with the way things are now? Or has that been in the talks a little bit? We actually don't really have.
Really? Yes. We have a project called French fellas. They are 2000 hand drawn French bulldogs and they. They actually have a utility, which is coming in into play within a few weeks at most, which is, which ties into another project that we have, which is FCF poker soon to become FCF casino.
So a full web three poker room, which is life. You...
Duration:00:35:16
Analysis of The Crypto Winter- What Is Happening?
5/12/2022
Episode Summary:
In this episode of the Crypto Breakdown, I explain what is happening with Luna and do a Technical Analysis of Bitcoin, Ethereum, and Dogecoin for possible price scenarios.
Hosts:
Joe Dewitt Follow at: https://twitter.com/metabitz
Crypto Heat Map
Subscribe to our Benzinga Crypto Youtube Channel
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Support this podcast at — https://redcircle.com/crypto-daily/donations
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Privacy & Opt-Out: https://redcircle.com/privacy
Duration:00:07:33
Coin Wars: Ethereum Vs Solana - Which is A Better Investment?
5/4/2022
Episode Summary:
In this episode of the Crypto Breakdown, I compare Solana to Ethereum, talk about their NFT projects as well as their future plans.
Hosts:
Joe Dewitt Follow at: https://twitter.com/metabitz
Crypto Heat Map
Subscribe to our Benzinga Crypto Youtube Channel
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Support this podcast at — https://redcircle.com/crypto-daily/donations
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Duration:00:07:54
NFT Projects of Q2 2022 Worth Keeping An Eye On - Crypto Breakdown April 27, 2022
4/27/2022
Episode Summary:
In this episode of the Crypto Breakdown, I talk about some NFT projects that have launched or will be launching in Q2 2022 that are worth keeping an eye on.
Hosts:
Joe Dewitt Follow at: https://twitter.com/metabitz
Crypto Heat Map
Subscribe to our Benzinga Crypto Youtube Channel
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Support this podcast at — https://redcircle.com/crypto-daily/donations
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Duration:00:09:06
Great Entry Points For Bitcoin and Ethereum
4/19/2022
Episode Summary:
In this episode of the Crypto Breakdown, I do a Technical Analysis of Bitcoin, Ethereum, and Dogecoin for possible price scenarios.
Hosts:
Joe Dewitt Follow at: https://twitter.com/metabitz
Crypto Heat Map
Subscribe to our Benzinga Crypto Youtube Channel
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Support this podcast at — https://redcircle.com/crypto-daily/donations
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Duration:00:09:22
How To Make Automated Trading Work For Your Crypto Investments With Oleg Giberstein From Coinrule - Crypto Breakdown April 13, 2022
4/13/2022
Episode Summary:
In this episode of the Crypto Breakdown, I talk with Co-founder and COO of Coinrule.
BZ: What is Coinrule?
O: Coinrule helps investors to build automated trading strategies for cryptocurrencies. So you use an if this then this logic o build strategies through CoinRule, which then run on your exchanges, like Coinbase, Binance and so on.
You can think of it as we give your crypto exchange account superpowers.
BZ: Are you able to actually make your own indicators or do you have a template of ones that you guys have made or a mix of both?
O:It's totally a mix of both. So there are a lot of pre-made templates, which you can use, but you can also add them or you can test them on the demo exchange, so you can just see how they perform. But then also you can use indicators that are already available on the platform. Like moving coverage is relative strength, index, and many others.
And also you can connect to trading view and then run any script on trading view and connected to coin grow, which then will execute your strategy.
BZ:For any listeners out there that may be unaware on like how automated trading may be able to help them with their daily trading experience what are some, benefits of actually trading bonds or any automated crypto trading?
Sure. Think about it this way. First of all, the market doesn't sleep, right? It's 24 7 open. There's no way for us in individual trade there to keep up with that automated trading strategy to protect you, but also catch market opportunities when you are sleeping. You have the other benefit is that even if you are sitting in front of your chart and trading, there's no chance that you'll be able to keep track of, five, six different trend indicators in the same time. Whereas coin rule can easily do that for you.
BZ: Moving over to some future plans does Coinrule plan to ICO or release any sort of utility token in the future?
O: So the short answer is no, because it just doesn't make sense for us. Like we don't want to just like launch in another, useless token for no good reason. What we are doing case we are experimenting with decentralized finance. So we have built a small proof of concept on Solana at the moment. So our users will be able, ready to start testing that.
BZ: Is there a release date for that?
O: it's invite only at the moment.
BZ: Do you guys have any plans moving into any sort of like automated NFT trading platforms where traders can buy and sell and NFTs ?
O: That's a really interesting question because we would, in theory, we would love to do that. It's just much more complex because the way, because of the way, how NFTs are traded on platforms like OpenSea. So at the moment, that's not really an option. But then already today, some NFTs are getting tokenized. So you get basically tradable tokens that represent in NFT. And if those are listed on an exchange, you can trade them through coinrule already.
BZ:Does Coinrule have any sort of a leveraged trading or any sort of strategies for people that want to do any sort of leverage?
Yeah, absolutely.You can already trade through Coinrule on Binance futures in BitMEX. So you can build automated trading strategies for leverage. In fact, one of our absolute top performing templates has been the Heikenashi indicator which is the leverage trading strategy that, that kind of looks at average candle bars.
And it's made over 70% return in the last month or so, which as the market being a bit sketchy, that's been a top performer.
BZ:I want to pick your brain on what you think just generally about decentralized finance.
O: I think in a way, maybe we're thinking about it wrong because the DEFI stuff out there today, the UNISWAPS,etc. Like they will never be used by like normal people. They like, that's just not going to happen. Yeah. Ideally will happen at some point is that, banks and other providers will use them in the backend.
And then, the normal people will have their extremely easy front-end...
Duration:00:15:42
How To Short Bitcoin? How Will ETH 2.0 Merge Affect ETH Price Prediction? - Crypto Breakdown April 6, 2022
4/6/2022
Episode Summary:
In this episode of the Crypto Breakdown, I do a Technical Analysis of Bitcoin, Ethereum, and Dogecoin for possible price scenarios.
ETH 2.0 Merge is just around the corner in Q2 2022. How will this affect ETH price?
According to Ethereum.org The Merge will:
Exchange-traded funds (ETFs) issuer ProShares has filed a registration statement with the United States Securities and Exchange Commission to list shares of a Short Bitcoin Strategy ETF.
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Support this podcast at — https://redcircle.com/crypto-daily/donations
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Duration:00:07:09
Dogecoin Chart Reawakens - Crypto Breakdown April 4, 2022
4/4/2022
Episode Summary:
In this episode of the Crypto Breakdown, I do a Technical Analysis of Bitcoin, Ethereum, and Dogecoin for possible price scenarios.
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Support this podcast at — https://redcircle.com/crypto-daily/donations
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Duration:00:08:55
Tips and Tricks To Buy and Sell NFTs Replay - Crypto Breakdown March 19, 2022
3/18/2022
This is a replay of the episode that aired on March 4, 2022. Normal programming will resume on Monday.
In this episode of the Crypto Breakdown, I talk about a few tips and tricks to help you buy and sell some NFTs for profit instead of selling them at a loss.
Tip 1: DYOR Do Your Own Research
Make sure to take a look at the development team, see if they've released any other projects that are similar in the past, or if this is their first time around with an NFT, and take a look at what their roadmap is.
A roadmap or a white paper is essentially a document that describes their short to mid to long-term goals.
Tip 2: Stay Away From Discord Links
If you were actively in discord, I would recommend staying away from any messages that you receive about any sort of other Discord communities or any NFT projects. There are a lot of discord bots and a lot of scammers out there trying to get access to your wallets and your funds.
Tip 3: Stay Away From Celebrity NFT Projects
Most NFT projects have the purpose of actually building something on the blockchain or creating a legitimate piece of art.
Absolutely stay away from projects that are created by famous celebrities as they're just really looking for a quick turnaround or a quick profit.
Tip 4: Avoid The Classic Overhold
A lot of people will overhold their position thinking that they can make more in the long-term when in reality they have dismissed the all-time high and they end up holding an NFT for way too long And the value just keeps depleting.
Tip 5: Wait For The Right Time
If you're buying an NFT on a secondary market as a public sale, definitely wait for the Ethereum fees to fall. Ethereum gas fees tend to rise and fall throughout the day.
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Unedited Transcript:
Hey everybody happy Friday. My name is Joe Dewitt, and this is the crypto breakdown. Today. I'm going to talk about a few tips and tricks to help you buy and sell some NFTs for profit instead of selling them at a loss. Now, the first thing I'm going to say, which is probably the most important thing in the entire space, no matter how much you hear it, it is really, really important to focus on the fact of doing your own research DYOR
It's probably the most said phrase in the space for reason, and doing your own research is so important because it really helps the investor get an understanding of what project they'll actually be investing in. Make sure to take a look at the development team, see if they've released any other projects that are similar in the past, or if this is their first time around with an NFT and take a look at what their roadmap is.
If you don't know what a roadmap is or a white paper, it is essentially a document that describes their short to mid to long-term goals. And that's really important to kind of get an understanding of where the. Wants to head thinking about this is not all roadmaps and white papers are necessarily legitimate because a lot of them are just used essentially as kind of a buzzword or just filler to kind of show people what they want to see.
But at the same time, it is a good base, um, to kind of give, uh, investors now following the roadmap and the development team. One thing I will say about that is absolutely stay away from projects that are created by famous slow. Um, most of the time, if a celebrity makes an NFT project is going to be a cash grab.
Now, the reason for this being is because most NFT projects...
Duration:00:09:04
What Do Crypto Experts Have In Their Portfolios? REPLAY - Crypto Breakdown
3/16/2022
This is a replay of the episode that aired on February 16, 2022
Episode Summary:
In this episode, I look at what the developers at Messari and talk about their portfolio breakdown as well as their Crypto Theses for 2022.
Questions? Ask at joedewitt@benzinga.com 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. We're going to be taking a look at the portfolios of some developers and analyst over add Massari is a crypto research and data company based out of New York, which recently released their 20, 22 crypto thesis along with some of their team's holdings.
And I think it would be really beneficial for us to look through and get some information on what the team's portfolios look like as well as their portfolios. We have. On general defy and the future of web three development, which will be very beneficial to see what these people are coming up with.
First off on the Massari team, we have Dustin who currently holds a theorem Salana Rory governance token, and a Rory. Now he talks about his interest in modular ecosystems, Ethereum scaling. And metaverse infrastructures like Ron, but mentions that there are not any viable ones currently out. It doesn't, it's also a fan of decentralized cloud computing, like AKT and other chains.
He's also a fan of on chain cashflows, like superfluid, which leads to under collateralized lending. So essentially what he's saying here is that he's a fan of yield farming, which would be the simple cash flows as well as his decentralized cloud computing. Now cloud services throughout the future of defy are going to be very important as well as these metaverse infrastructures.
Like Ron. Now another team member. His biggest winner is AXS, which was actually infinity shards with his return of 23,000. He holds AXS Bitcoin, Ethereum ruin Rory governance, token maker, any and MLN. Now Aiden claimed that he likes revenue generating protocols like defy 1.0 Renaissance. He's very bearish on monolithic smart contract platforms and takes Ron over SLP, which Ron.
The on chain token for the Ronan side chain and SLP is smooth love potion for the end game token of accede infinity. He claims that he had to bet against sky Mabus, which is the company that developed both of those tokens, as well as the game action infinity, because he had to see the SLP enduring it's run as adjusted because it was reaching an all time.
Now we have Jerry who holds Bitcoin, Ethereum Salono and cake. Now Jerry commons, that the re-emergence of Ethereum post-merger and shift back to the alternative , which means layer one's staking protocols and trade via integration with DFI will bring organic adoption back to the defy in 2022, as well as web three infrastructure gateway.
And metaphors infrastructure. So essentially he's looking for dominance to get back into a theorem and move away towards those alternative layer ones, as well as his staking protocols, which staking protocols have been immensely popular over the last few months due to the high yield percentage. And finally, we're taking a look at Wilson who is an analyst over at Massari, who holds hint of theorem, Adam dot ACA and Solano Luna, and apex.
He mentioned modular layer ones and enabling customer. Execution layers with salons being the most viable hedge, multi chain, infrastructure, and tooling, as well as the option to liquidity stake. And he also mentions a few interesting names like the...
Duration:00:08:52
This is How Much You Would Have If You Invested Your Stimulus Checks into Luna - Crypto Breakdown March 11, 2022
3/11/2022
Episode Summary:
In this episode of the Crypto Breakdown, I talk about how much money you would have now if you invested your pandemic stimulus checks into Bitcoin, Ethereum, Dogecoin, and Luna.
Stimulus Checks:
April of 2020 $1,200
March of 2021 $1,200
Bitcoin
On April 11th, Bitcoin was roughly at $6,800. Now, if you were to buy $1,200 of Bitcoin at the time being, you would have 0.17 Bitcoin equating to $1,664.
If you were to spend your second stimulus check on March 2nd, 2021 on Bitcoin as well, you would have a 0.02 Bitcoin, considering that Bitcoin climb to at $57,000, and that would be worth $5784. So together, if you invested both of your stimulus checks in 2020 and 2021 into Bitcoin, you would have $7,448.
Ethereum
If you were to buy $1,200 worth of Ethereum in April 2020, you would have 6.4 ETH equating to $16,968.
Now your second purchase on March 12th, 2021 would be much less considering that a theorem climb to $1,800.
So you would only have 0.66 ETH which would equate to $1,744. Considering that Ethereum is at $2,616 now, the total amount of Ethereum you would've made, if you invested both of your stimulus checks in Ethereum would be $18,712.
Dogecoin
Over to dogecoin, which was at $0 back in 2020 and a $1,200 check would get you a 600,000 dogecoin, which now prices at $0.11, so you would now have at $66,000 worth of dogecoin now.
Dogecoin more than doubled to $0.005 and at 2021, with $1200 you would have 240,000 dogecoin. Equating to $92,000 for investing in dogecoin in 2020 and 2021 with your stimulus checks.
Luna
Luna on April 11th, 2020 was $0.19 cents. So with $1200 you would get 6,465 Luna, which now with Luna sitting at roughly $95 equates to $613,000.
That is roughly a 50000% change.
On March 12th, 2021, if you invested $1,200 at $14 per Luna. You'd be able to obtain 98 coins leaving you with $9,800. So in total, Your Luna would equate to $622,000.
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Hey everybody happy Friday. My name is Joe Dewitt, and this is the crypto breakdown today. I'm going to discuss how much money you would have made if you would have invested your stimulus checks into Bitcoin, Ethereum, doge coin, or Luna. So Americans received a few different rounds of stimulus payments.
The first being back in April of 2020 was a $1,200 stimulus check and the most recent one being March of 2021, which was another 1200 payment. So we're going to take a look at both of them. Now on April 11th, Bitcoin was roughly at $6,800. Now, if you were to buy $1,200 of Bitcoin at the time being, you would have 0.17 Bitcoin equating to $1,664.
Now, if you were to spend your second stimulus check on March 2nd, 2021 on a Bitcoin as well, you would have a 0.02 Bitcoin, considering that Bitcoin climb to at $57,000, and that would be worth seven. $84. So together, if you invested both of your stimulus checks in 2020 and 2021 into Bitcoin, you would have $7,448.
Not too bad, very solid returns. Now we're taking a look at a theorem, which was at $185 in April, 2018. If you were to buy $1,200 worth of Ethereum, you would have at 6.4 eith equating to $16,968. Now your second purchase on March 12th, 2021 would be much less considering that a theorem climb to $1,800.
So you would only have 0.6, six Eve, which would equate to $1,744. Now, considering that Ethereum is at $2,616. So the total amount of Ethereum you would've made, if you. Both of your stimulus checks would be $18,712. Now we'll kick it...
Duration:00:08:03
Is it Over For Dogecoin? Crypto Breakdown March 10, 2022
3/10/2022
Episode Summary:
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Unedited Transcript:
Hey everybody happy Thursday. My name is Joe Dewitt, and this is the crypto breakdown today. We're going to do some technical analysis on Bitcoin, Ethereum and doge coin. Starting off as usual with Bitcoin prices down 7% today. And the charts are not looking great yesterday. We had a beautiful green candlestick that looks like we were getting some upwards momentum out of this little situation.
We're at here as prices sitting at 38,000 until today's candlestick opened and absolutely plummeted. All the way down to where the previous candlestick opened. Now, this is really shows how much hesitation is actually in the market and such huge selling pressure after a green day. That is definitely not a good sign though.
I am not too bullish on Bitcoin for the long-term with all this hesitation and the market and bears still, I'm making an effort to push down. This could be at the start of a bear market on the upside. We just need to hold this 35,000 zone, which we aren't too far away from sitting at 38 to 39,000. Now there's 35,000 zone is a crucial level of support we've battled before.
And if Bitcoin price falls below that, then I think it's definitely going to be revisiting 30 K down to 28. And that will not be the greatest sign for long-term trend. But for the short term, I would think that we're going to have a retest back down at 37. 37,000 is where we've had our most recent support level.
Now looking over at a theorem, Ethereum is down 5% today and the chart also does not look too great. We're forming a similar situation as with Bitcoin yesterday had a great green candle stick and today a huge red candle stick just about the same size, meaning that bears are still in control on. There's a lot of selling pressure coming in.
Not enough buying pressure volume is starting to fall out as we're getting a little bit less volume. It does seem like this could be the start of a reversal price is below the 25 day moving average. Now the good thing about Ethereum is that price is actually both. The candlesticks are actually touching that 25 day moving average, meaning that it is getting close to touching that resistance.
Although what I don't like is that price has currently fallen below this at 2,600 support. And that zone would put us at 2,600 to 1700. So ideally we want to get right back out of there and get a little bit of buying pressure from the bulls and hold this 2,600 support would be crucial for Ethereum.
If bowls can hold this 2,600 level of support, we will most likely consolidate for a few weeks and then we could get some momentum in the upwards direction. Otherwise if price continues to fall down towards the 1700, and as I mentioned with Bitcoin, this could be the start of a bear market. Price is struggling to continue to climb.
Does look like we reached our stalling point and that price is not necessarily going to get much higher unless we have some sort of drastic buying pressure. Now taking a look at dos coin, doge coin is four and a half percent down today. And out of the three charts doge coin, it definitely looks the worst.
Now it may be because it lacks one, a mental. And also just purely based on the chart, it is moving farther away from the 25 day moving average price is not close to any support levels. The most recent support here we have is it about 8 cents or eight, seven, if you want to be specific and prices...
Duration:00:09:00
Top NFT Scams You Should Know About REPLAY - Crypto Breakdown March 9, 2022
3/9/2022
This is a replay of the episode that aired on Feb 14, 2022. Our host Joe Dewitt has lost his voice due to intense partying last night and will be back with us to evaluate crypto news and headlines again tomorrow. Stay tuned!
Episode Summary:
I talk about the common NFT scams you should watch out for. I explain what malicious NFT drops are and what an NFT Rug pull means how you can avoid them. I describe what a fake NFT marketplace looks like and how to spot it.
Questions? Ask at joedewitt@benzinga.com 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 Monday. Hope you had a wonderful weekend. My name is Joe Dewitt and this is the crypto breakdown. So previously we took a look at some scams in crypto. And today we are going to take a look at some scams and NFTs. So the first one would be fake NFT stores. Now these are essentially stores with a very similar URL address with maybe one slight.
And it actually looks exactly like the marketplace or does a replica of a certain marketplace. And what they do is they actually try and connect to your wallet. And the second that you connect your wallet to that third party, your wallet is then compromised. This has been a very popular way to gain access to individuals, crypto wallets.
So it definitely be cautious when you're on a marketplace to make sure that it is actually the marketplace you intend to use another really popular NFT scam, um, would be counterfeit NFTs or artists, and personally. Now, ideally the great thing about NFTs is that this should be, um, verifiable. You should be able to go through and look at the blockchain and say, okay, this artist or this company, or this project, didn't actually make this NFT, but for a lot of people that are new in the space and new coming in 10 FTEs, it's really hard to make that distinguish.
So they end up getting left with counterfeit and FTS or NFTs, essentially with Nova. Because they were actually not done by any sort of well-known artists. So this goes without saying, but when you were looking at an NFT project or hoping to purchase an NFT, it is definitely important to look through each scan or soul scan or whatever, um, blockchain you were using.
Make sure to check the smart contract and make sure that you actually know what you were purchasing. This will really help you get an understanding of what you actually trying to purchase, and we'll help you stay away from counterfeits. Now, another very popular scam in the NFT community would be NFT airdrops.
And essentially what they do is airdrop you malicious NFTs, hoping that you will interact with these contracts. Maybe send them to a different wallet, try and sell them on the marketplace. And by interacting with these smart contracts, you essentially are compromising your. Now there are some very wholesome airdrops out there.
And, um, communities of NFTs that are just looking to, um, share NFTs and airdrop them to people to increase, demand and increase popularity. It is definitely important to consider the fact that there are malicious NFTs out there. That will be airdropped with the intent to hack your wall. Definitely. If you see an NFT in your wallet, that you have no clue how it got there best to not interact with it, or do some research before interacting with that smart contract.
Now for the most popular scam in the NFT community, which has known as the rug, you may have heard the rug previously, essentially. Pulling out the rug from underneath investors, which in...
Duration:00:08:20
What's In Biden's Cryptocurrency Executive Order - Crypto Breakdown March 8, 2022
3/8/2022
Episode Summary:
President Joe Biden is set to sign an executive order this week that will outline the U.S. government’s strategy for cryptocurrencies. In Today's episode, I go through what is in the executive order and how it will change things in the crypto world.
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Unedited Transcript:
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Duration:00:07:22
Is Dogecoin In Trouble? Crypto Breakdown March 7, 2022
3/7/2022
Episode Summary:
In this episode of the Crypto Breakdown, I do a technical analysis for Bitcoin, Ethereum and Dogecoin.
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Unedited Transcript:
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Duration:00:08:40
Tips and Tricks To Buy and Sell NFTs Crypto Breakdown March 4, 2022
3/4/2022
Episode Summary:
In this episode of the Crypto Breakdown, I talk about a few tips and tricks to help you buy and sell some NFTs for profit instead of selling them at a loss.
Tip 1: DYOR Do Your Own Research
Make sure to take a look at the development team, see if they've released any other projects that are similar in the past, or if this is their first time around with an NFT, and take a look at what their roadmap is.
A roadmap or a white paper is essentially a document that describes their short to mid to long-term goals.
Tip 2: Stay Away From Discord Links
If you were actively in discord, I would recommend staying away from any messages that you receive about any sort of other Discord communities or any NFT projects. There are a lot of discord bots and a lot of scammers out there trying to get access to your wallets and your funds.
Tip 3: Stay Away From Celebrity NFT Projects
Most NFT projects have the purpose of actually building something on the blockchain or creating a legitimate piece of art.
Absolutely stay away from projects that are created by famous celebrities as they're just really looking for a quick turnaround or a quick profit.
Tip 4: Avoid The Classic Overhold
A lot of people will overhold their position thinking that they can make more in the long-term when in reality they have dismissed the all-time high and they end up holding an NFT for way too long And the value just keeps depleting.
Tip 5: Wait For The Right Time
If you're buying an NFT on a secondary market as a public sale, definitely wait for the Ethereum fees to fall. Ethereum gas fees tend to rise and fall throughout the day.
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Unedited Transcript:
Hey everybody happy Friday. My name is Joe Dewitt, and this is the crypto breakdown. Today. I'm going to talk about a few tips and tricks to help you buy and sell some NFTs for profit instead of selling them at a loss. Now, the first thing I'm going to say, which is probably the most important thing in the entire space, no matter how much you hear it, it is really, really important to focus on the fact of doing your own research DYOR
It's probably the most said phrase in the space for reason, and doing your own research is so important because it really helps the investor get an understanding of what project they'll actually be investing in. Make sure to take a look at the development team, see if they've released any other projects that are similar in the past, or if this is their first time around with an NFT and take a look at what their roadmap is.
If you don't know what a roadmap is or a white paper, it is essentially a document that describes their short to mid to long-term goals. And that's really important to kind of get an understanding of where the. Wants to head thinking about this is not all roadmaps and white papers are necessarily legitimate because a lot of them are just used essentially as kind of a buzzword or just filler to kind of show people what they want to see.
But at the same time, it is a good base, um, to kind of give, uh, investors now following the roadmap and the development team. One thing I will say about that is absolutely stay away from projects that are created by famous slow. Um, most of the time, if a celebrity makes an NFT project is going to be a cash grab.
Now, the reason for this being is because most NFT projects have the purpose of actually building something on the blockchain or, uh,...
Duration:00:08:12
How Much Would You Have Now If You Invested $1000 In NFTs - Crypto Breakdown March 3, 2022
3/3/2022
Episode Summary:
In this episode of the Crypto Breakdown, I talk about some blue chip NFT projects and how much you would have made if you would have invested $1,000 near the mint.
Doodles
Released October 2021 and the mint price was 0.123 ETH ($500)
Current floor price 10.3 ETH ($30,000)
CLONE X - X TAKASHI MURAKAMI
Released November 2021 and the mint price was 0.05 ETH ($215)
Current floor price 12.5 ETH ($36,000)
Bored Ape Yacht Club
Released April 2021 and the mint price was 0.08 ETH ($192)
Current floor price 83 ETH ($242,000)
Mutant Ape Yacht Club
Released August 2020 and the mint price was free airdropped to owners of BAYC.
Current floor price 17 ETH ($49,000)
CryptoPunks
Released June 2017 and the mint price was free to claim with an ETH wallet.
Current floor price 68 ETH ($178,000)
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Unedited Transcript:
Hey everybody. Happy Thursday. My name is Joe Dewitt and this is the crypto breakdown. And today we're going to be talking about some blue chip NFT projects and how much you would have made if you would have invested $1,000 near the mint. Now, first off we have doodle. Which released and October of 2021 and the mint price was 0.1, two, three, Ethereum at the time equaling about 500 us dollars.
And now the floor price for the project is 10.3 Ethereum, which equates to a $30,000. So with that $500 mint price there is a solid at $29,500 profit, which is absolutely amazing. Now looking at the clone X collection with Takashi Murakami that launched in November of 2021 and the mint price for those were 0.05 Eth which was $215.
And now the floor price is 12.5. Curium equaling about $36,000, which is significantly more than the doodles about a good $6,000. Now, these are just absolutely ridiculous gains. And they're only going to get crazier now taking a look at one of the most popular, if not the most popular collection outright now bored APe yacht club.
Now they launched their collection in April of 2021 and the mint price was 0.08. At the time that was under $200, about $192. Now the current floor price for these board aids is 83, Ethereum equaling, just under $250,000, about $242,000. I can't even imagine that 200 to $300 turn to a quarter of a million.
That's absolutely ridiculous. And to make it even more ridiculous board API club holders were airdropped to the mutant apes in August of 2020. And so essentially those were pretty much free. And now the floor price is 17 Ethereum for $49,000. Now mute names did see now mute names did see a slow increase in price action.
So if you were to invest in one, I'm close to its initial airdrop and you would invest it a thousand dollars, you would still be profiting a $48,000, which is absolutely. And now we're going to take a look at the oldest NMT collection, which would be crypto punks, those launched way back in June of 2017.
And those were actually free to claim any person with Ethereum wallet was able to claim I'm a crypto punk for. And now the current floor is 68, Ethereum equaling $178,000. And that is not even the all time high. I know crypto punk saw high of close to $300,000, which is absolutely insane for something that was essentially given to users for free.
Now, these are just a few examples of how ridiculous some of the profits can be in the NFT space, but it's important to keep in mind that not all projects behave this way. There are so many projects out right now, and there's only more being...
Duration:00:05:40
Celsius and CelsiusX Twitter Space Replay Part 2
3/1/2022
Episode Summary:
Celsius and CelsiusX Twitter Space Replay Part 2
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.
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Duration:00:37:56
Celsius and CelsiusX Twitter Space Replay Part 1
3/1/2022
Episode Summary:
Celsius and CelsiusX Twitter Space Replay Part 1
Hosts:
Joe Dewitt Follow at: https://twitter.com/metabitz
Crypto Heat Map
Subscribe to our Benzinga Crypto Youtube Channel
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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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Support this podcast at — https://redcircle.com/crypto-daily/donations
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Duration:00:52:11
Why Dogecoin May Not Match Bitcoin And Ethereum's Surge - Crypto Breakdown March 1, 2022
3/1/2022
Episode Summary:
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.
Questions? Ask at joedewitt@benzinga.com and we will answer!
Unedited Transcript:
Support this podcast at — https://redcircle.com/crypto-daily/donations
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Privacy & Opt-Out: https://redcircle.com/privacy
Duration:00:08:38