In this episode, Josh and I talk about India banning crypto, Algorand’s token distribution flop, futures exchanges galore, and our key price levels for Bitcoin.
Welcome to Ledger Cast, hosted by me, Brian Krogsgard (@ledgerstatus on twitter), and Josh Olszewicz (@carpenoctom). Ledger Cast is a cryptocurrency trading and blockchain ecosystem podcast. Ledger Cast is brought to you in partnership with Brave New Coin.
The information in this podcast should not be construed as investment advice, it is purely educational material and you should always do your own research before buying.
In this episode, Josh and I talk about a bunch of news and our key price levels for Bitcoin.
We discuss nation states banning crypto — India being the biggest example in the news today. I go in depth on how Algorand completely screwed up what was supposed to be a “fair” distribution of their tokens, in effect helping their earliest investors dump on retail for huge multiples of profits, leaving exchange buyers totally holding the bag.
Algorand was surprised investors dumped above $2 when their allocation was for $0.05 — and the coin was immediately liquid with lots of retail buyers. Really? Where have they been.
And there was that LOL-worthy refund verbiage. Get outta here. https://t.co/ddKe4mhKvQ
— Colloquially, Ledger Status (@ledgerstatus) August 2, 2019
We spend time talking exchanges, exchange tokens, the rush to futures, and more. We discussed FTX.com and their products I find interesting, LedgerX’s CEO going ham on Twitter and their PR guy quitting, and more.
And of course we dig into pricing — with a focus on Bitcoin and a discussion about my Tezos position. Here are a couple charts related.
Here’s the episode:
- Algorand’s silly distribution thing.
Find Josh and Brian elsewhere
- Josh’s articles on Brave New Coin
- Josh’s YouTube channel
- Josh on Twitter @carpenoctom
- Brian on Twitter @ledgerstatus
- Ledger Status Learn course
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Music: “Oh, the chains” by Joel Madison Blount