Market Update - October 11, 2023

Bleeding slows, hope for a shift, market still unclear

Author

Mark Helfman
October 11, 2023

What do I have to say about the Israel-Hamas war?

Same as I’d say for the wars in Myanmar, Ukraine, Yemen, Sudan, and other countries consumed by military conflicts.

It sucks. My heart goes out to everybody.

There’s an old saying, “plant seeds of peace, and you will harvest justice.” The world is full of injustice. We need more planters.

What does this have to do with cryptocurrency?

As of yet, it’s unclear.

I’ve heard some exchanges have frozen accounts of people affiliated with Hamas. One more reason to get your crypto off of exchanges! Use exchanges to buy, sell, and trade, not store your crypto. When you leave your crypto on an exchange, it’s no longer yours.

Today’s update covers these topics:

  • Video

  • Stablecoins bottoming out?

  • Signs of new interest? No, only consolations

  • Another 2016 Metric

  • Altcoin strategery: quadrant approach

  • Your altcoins vs. the altcoin market

I strongly advise you to read the summary below and watch the video update! You miss too much when you get only one of them!

To speed up the video (shorten the playing time), tap the circled gear button at the bottom-right corner of the video. A playback speed of 1.5 should do ok for most of you.

Big thanks to my trusted exchange partner, BYDFi.

The market’s quiet and prices are low. If you’re not following my plan, you need to dollar cost average into Bitcoin and get a good allocation to the altcoins I’ve recommended.

And, if you’re buying, it’s important to do so with a licensed and reputable exchange. That’s why I recommend using BYDFi.

In addition to the new super airdrop, when you complete KYC and deposit any amount using your credit card, you'll be airdropped $100 for trading on perpetual contracts.

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