Hi everyone, My good friend, Matty D (Only his real friends call him this) told me that fortune favors the brave. Now, Matty D would NEVER lie to me. He’s my most trusted ally. So, what did I do? I invested EVERYTHING into CRO. Why? Matty D, a man that has been to Mars, guaranteed…
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For the sake of clarity first. Both of my parents know that I invest in crypto and are both not big fans of it. My mom is a little more relaxed on the subject than my dad. I had to explain it to my parents because I am only 18 and wanted to start at…
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Mairead McGuinness said the U.S. and the EU were both moving forward on comprehensive frameworks for crypto, with President Joe Biden’s executive order and the MiCA proposal.
Transient is thrilled to present to users Splash, a decentralised hub for prediction pools covering all possible outcomes across a huge range of industries and opportunities—featuring in the first version: Crypto, Esports and Sports—all powered by Transient’s ecosystem of smart contracts. Splash comes to disrupt the prediction markets bringing the decentralisation and fun to the […]
Bitcoin is not topping the list of the favorite investments of some big names in the financial sector. One of those is billionaire Warren Buffett who has not been shy to voice his displeasure with the digital asset. This time around, Buffett has once again made known his hatred for the digital asset by saying that he would not buy all of the BTC in the world for $25. This has drawn the ire of investors in the space, one of which is Mexico’s third-richest man, Ricardo Salinas Pliego. Warren Buffett Disses Bitcoin Billionaire and legendary investor Warren Buffett recently made some remarks about bitcoin. The most popular of these have been the fact that he said that if he were offered all the bitcoins that exist for a measly $25, he still wouldn’t take the deal. The Berkshire Hathaway head said this at the annual shareholder meeting where he once more reiterated his disdain for cryptocurrencies. He explained that bitcoin had nothing to offer, making it an unproductive asset with no tangible production. Related Reading | Tether (USDT) Q1 Trading Volume Plunges To $5.3 Trillion In Quarterly Low He compared the digital asset to other stores of value which include land and apartments. Both of these, the billionaire admitted he would jump at a chance to put money into them. However, he wouldn’t do the same for bitcoin because it doesn’t produce anything and he would “have to sell it back to you one way or another.” Despite the popularity of the digital asset over the years, the billionaire is still not convinced of its valuability. He pointed to the fact that he can’t tell for sure where the asset will be in the next five or 10 years but remains completely sure of the fact it does not produce anything. “It’s got a magic to it and people have attached magics to lots of things,” Buffett noted. Salinas Fires Back Buffett’s comments about bitcoin have no doubt stirred up criticism from the bitcoin community. They came out en masse to support and fire back at Buffett after the video made the rounds on social media. Bitcoin supporter and Mexican billionaire Ricardo Salinas Pliego also took time out to rebuke Buffett’s comment. BTC holding the $36,000-$38,000 support level | Source: BTCUSD on TradingView.com Salinas noted that Buffett was old and immune to change. Also adding that he was obviously commenting that he has no understanding of whatsoever. It's sad to see him rambling on about a suubject he clearly does not understand. That's why the future ALLWAYS belong to the young and not the OLD. https://t.co/2L5Lc8zHjE — Ricardo Salinas Pliego (@RicardoBSalinas) May 1, 2022 Related Reading | Bitcoin Halving Model Suggests $24,000 Bottom Before Year’s End The billionaire has not been the only one to fire back. Others have pointed out that Buffett continues to have holdings in crypto-friendly bank Nubank, as well as SBI Holdings and Bank of America which own more than 10% of Ripple and a Ripple partner respectively. BTC continues to maintain a good position on the charts. It is currently trading at $38,690 at the time of this writing. Featured image from Bitcoin News, chart from TradingView.com
Jared Polites is a partner at Rarestone Capital, an active Web3 fund with a marketing arm (Rarestone Labs). Since 2020, Rarestone has been at the forefront of investing in and marketing DeFi protocols, NFT drops, and Web3 infrastructure plays. As the industry is ever-changing, we wanted to catch up with Jared to see what has changed since the last cycle and how projects can best position themselves for success when thinking about marketing. What are some tips you can offer to projects building out a marketing plan? Polites: Similar to traditional tech user acquisition, projects need to build an effective communications strategy that discusses what value they are providing and how it directly impacts their users and communities. First, the key is to be consistent. Going “stealth” is a wild card strategy that can be used early on to gain momentum, but should not be the focus as a roadmap progresses. Over-communicate vs. under-communicate is my advice. Especially since attention spans are decreasing and community members will take their interest elsewhere if they don’t know exactly what is happening and when. Second, make sure to have at least one marketer on your team. It sounds simple, but we find numerous dev-heavy teams that neglect marketing until the very last minute. In these situations, it is completely fine to outsource to agencies, but you need to have a point of contact internally to help coordinate and review each activity. Even someone junior is fine. A common misconception is that a good enough product will market itself, but the industry is becoming more crowded and moves at warp speed – you have to stand out from the crowd. What has changed since 2017 in how projects should market themselves? Polites: Communities, users, and even speculators are more sophisticated and to an extent, unforgiving. Short-term focused tactics that were often seen in the last cycle are now quickly exposed if detrimental to a project. For example, there is a recent trend that is questioning the long-term impact of staking. Often seen as a necessary early-stage strategy that helps reward engaged long-term users (and makes for a strong community announcement), industry players are now questioning the sustainability of staking. Is staking just a ploy to maintain a positive price trajectory and reduce sell pressure, or is it really about the community? These are the questions and dilemmas that projects need to question when building a well-rounded marketing strategy. What are some common pitfalls you see with how companies market themselves? Polites: Many are not long-term focused. Make sure your marketing strategy aligns with your long-term vision and roadmap. For example, I see founders get caught up with flashy marketing campaigns that are detrimental to a project’s long-term token health. With generous emissions, interest spikes early on and then wanes as community members move on to the next shiny object. During this process, you need to evaluate what risk a marketing campaign must hold and why. Without this knowledge, all it would take is one bad market downturn to eliminate all momentum and possibly create a situation that is impossible to recover from.
Charlie Munger, the Vice-Chair of Berkshire Hathaway and colloquially known as Warren Buffet's right hand man took on BTC during Berkshire Hathaways annual shareholder meeting There he called Bitcoin "stupid because it’s very likely to go to zero" and also praised Chinese leader Xi Jinping for banning BTC. He also claimed that Bitcoin is "evil".…
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Telegram users can now send and receive toncoin directly within the application’s chats, according to a tweet by The Open Network (TON) Foundation. In addition to the toncoin support, users can also purchase bitcoin via the software’s bot system. TON Foundation Reveals Telegram Toncoin Support, Users Can Purchase Bitcoin via Bot The ability to send […]
Nearly $170 million left Ethereum-based investment funds in 2022, signaling a drop in institutional demand.
And like every year, we have a new round of doom and gloom news. Last year it was Evergrande and Omicron which were supposedly gonna plunge us into 2008 2.0. This year it's Fed rate hikes and the war in Ukraine. Which do have legitimate concerns. Just like I explained in my past post on…
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