Trading Pub – 29 Aug 24

01:36: Patience in new technology adoption.
04:07: The value of a network of trusted people for guidance on new investment opportunities.
05:44: Upcoming CUDL on September 21st.
07:14: A member who lost $79,000 to scammers due to rushing and lack of attention to details.
11:20: The need to be cautious with crypto transactions, especially when under external pressures or distractions.
14:09: The importance of learning from past mistakes and not overconfidently disregarding established best practices.
20:00: How scammers can exploit wallet addresses and the importance of security measures.
26:20: The historical patterns of the VIX and a significant market event is unlikely to occur for at least a year.
31:01: An early warning indicator for a market reversal.
36:48: The importance of “smart hodling” and waiting for the market to go through the typical angular changes before making trading decisions.
38:13: The growth of Tether (USDT) and USDC, continued expansion of these stablecoins is a positive indicator for the crypto market.
40:27: Subnet owners are selling TAO to meet payroll and business obligations, leading to price suppression.
42:30: The high costs of setting up a subnet and the differences between “well-run” and “grifter” subnets.
49:16: Ideas on what kind of subnet to create, given the team’s capabilities.
53:54: Example of a successful subnet idea: an S&P 500 price prediction oracle.
58:42: How new capital inflows will push the TAO price above the $350 barrier and lead to a positive price flywheel.
01:00:15: Explanation of Bit Ads platform and how it works for business owners, including API integration and ad campaigns.
01:04:25: Other useful subnet ideas like weather prediction and CRM system integrating machine learning and automated agents.
01:09:42: Analysis of the current Kaspa price action, including a compression pattern and resistance levels.
01:15:46: A missed opportunity from an ETH trade due to being on holiday and not holding the position.
01:16:14: Lack of trust in the Rowan Energy company and concerns about the token economics and transparency.
01:19:49: Whether to reverse a trade in Kaspa and cash based on the changing cash ratio.
01:22:23: Updating the prices in the crypto portfolio, including Kaspa, Zapi, and Tao.
01:24:16: Possibility of a breakout in Kaspa in October, based on technical analysis.
01:25:40: Analysis of various altcoins, including Tron, Arbitrum, Link, Binance, Ripple, Matic, and Doge.
01:28:06: Getting a position in Tao or Zapi, and price predictions for Tao.
01:34:38: Calculation of Tao’s potential market cap and price based on different total market cap scenarios, emphasising the significant upside potential.
01:37:35: The potential for a Santa Rally in the cryptocurrency market, drawing on the Halloween Effect and other seasonal trends.
01:43:48: Unrealised tax gains will lead to more tax evasion and less transparency in crypto profits.
01:49:09: The size of the taxable pool and the need to cash in investments to pay the tax.