CryptoTwitter Newsletter #2 - December 9, 2017
Welcome back to the CryptoTwitter Newsletter! Before diving into the different crypto chatter today, I want to kick things off with a little humor. For those of you who think Wall Street is gonna get #rekt in the next couple of weeks, I think you’ll dig this tweet from earlier in the week:
Now, let's get into it!
Wall Street D*ckhead of the Day - Jamie Dimon
This guy is losing ground at an incredible speed. He calls Bitcoin a fraud on multiple occasions, then his company ignores him and is going to trade Bitcoin futures. Now, he comes out and says he's ok with cryptocurrency usage as long as it's regulated. It cracks me up that these guys can't just admit they're wrong and move on. Instead they keep working around their initial, rushed assumptions. Get with the program Jamie! Also - let it be noted that if you check CNBC's Twitter page, they can't get enough of Bitcoin.
Bloke of the Day - Bruce Fenton
Bruce just locked in his first Bloke of the Day award, congratulations my man! Needless to say, this tweet has to have the squad fully torqued - HODLers and crypto trading fanatics against the world, what a year! Should be interesting what transpires in the next couple weeks when some of the traditional big dick playas get in on the action.
Holy Santa Claus Sh*t Tweet of the Day - Michael Casey & CoinDesk
This tweet is something else. For years we've heard the narrative of "people will soon realize how scarce bitcoins are going to be", and that "governments are going to start loading up on it as a global reserve currency". This tweet shows these speculative statements in full motion. One thing that I have particularly noticed is that countries that have just enough decent infrastructure are really blasting into the digital age at a ferocious pace. A lot of thought leaders in the space think that the 3rd world countries are going to the lead the charge, but I'm betting on these dark horses like Bulgaria, or a Mexico to lead the charge. Guess we will find out at some point.
WTF Tweet of the Day - Constantinos?
I'm going to be honest, I have no clue what this guy is talking about. History has proven that investing in Bitcoin is substantially more profitable than investing in Bitcoin companies. Granted - Coinbase has actually performed pretty well in comparison to Bitcoin. Basically it begs the question - would you rather own stock in an internet company or own a piece of the internet at large? His logic is flawed (in my opinion) and deserves a fat WTF. No likes, and do not pass go. Don't collect your Bitcoin!
Money Tweets of the Day - Ran Neu Ner and Dennis
Well dudes, these guys are dropping some obvious, but valuable knowledge. Things get so crazy in this space sometimes that people forget to execute on the fundamentals to keeping your precious coins! If you fancy yourself a trader, or want to give it a go, his tweet is almost an unspoken certainty (at least up until he said it). If the market ceases to play out this way in the future, blame it on our South African broheem Ran. Now to Dennis' tweet - sh*t is about to get crazy in the next couple of weeks. With that said - this is the beginning of the construction of the rails that will turn Bitcoin, and possibly other cryptocurrencies, more than just a store of value or means of speculation, and into a means of exchange. We need these forms of market in order to get to a large enough liquidity base to use these coins as a means of exchange.
Other Tweets Worth Mentioning - Vinay Gupta, Josh Olszewicz, CryptoHustle, & Jameson Lopp
Vinay brings up a great point - the at large institutions that will soon come under threat from the self-sovereign, decentralized web will soon come knocking at our doors. My 2 cents are that you start becoming more conscious of your privacy in the coin game, because they'll start backtracking and coming after the rebels who are buying into this. Point is, stay woke!
Now Josh's tweet - Craig's List vendors accepting crypto? Sign me the f*ck up! Craig's List believe it or not is a great breeding ground for future trends, so I wouldn't be surprised if a ton of people start doing crypto exchanges for products via their site.
Cryptohustle's tweet is just something that deserves some thought. I personally haven't fully digested it yet, but my inclination is to agree with this. Actually who am I kidding, of course I agree, I originally bought into the crypto world because I didn't have access to any potentially homerun investments! Now we all have access to invest our money as we please, which I'm all about. I don't need a friggin baby sitter, but that's just me (I'm an animal, you get it).
Now good ole Jameson Lopp, a certified bloke in his own cypherpunk way. All he is getting at is what we all need to know - protect your private keys! Leaving them on your phone is inherently incredibly unsafe, so please don't. The way to go is to get a hardware wallet. The upfront cost of a couple hundred dollars (at most) can potentially save you from losing a disgusting amount of money. Once again, stay f*cking woke!
If there's anything missed in the first half of the day let me know, especially if you have any great people to follow on Twitter or on any other platform. Good day!
Jawdy
Twitter Handle: @Imacallyoujawdy