Member Info for ragnarr

Duke - Good shout - is crypto winter coming to an end ?

So in the last month alone:
Revenues more than doubled (again)
Skin Trust Club wins Best New Disrupter Brand
Modern Water Q2 orders exceed GBP3m
GBP1 million in Skin Trust Club revenue
deal to supply 27 Microtox solutions ahead of FIFA World Cup,worth GBP1.4m

This time last year SP was 34p - today 12p - its been a long time since I went to school but when I did, 2 plus 2 plus equalled + 4 - but apparently in now equals -4. The markets current market really is madness, this should easily be back to 2021 prices on the news flow.

DOT up 10% this morning :-)

Top Crypto Analyst Forecasts Huge Bitcoin Rally, Details ‘Most Likely’ Scenario for BTC in Coming Months
https://dailyhodl.com/2022/07/18/top-crypto-analyst-predicts-huge-bitcoin-rally-unveils-most-likely-scenario-for-btc-in-coming-months/

Jazz - the best is yet to come - not sure how long but its inevitiable :-)

maybe the time is close
Major Bitcoin Relief Rally Imminent As Sellers Lose Confidence, Says Crypto Analyst Nicholas Merten
https://dailyhodl.com/2022/07/16/major-bitcoin-relief-rally-imminent-as-sellers-lose-confidence-says-crypto-analyst-nicholas-merten/

Blue - completely understand the current frustrations but I am not sure the Blue Star board have anything to actually announce via RNS. Firstly development form Pendulum so far is clearly documented in the Pendulum roadmap and whilst (for the likes of me) the whole journey is very exciting and progressing very nicely nothing to date could really be classed as a notable price sensitive event. As I have stated several times in my view this will take 12/18 months and the real beginning of monetry rewards will be after the Polkadot mainnet launch and the Amber forex AMM dApp. Its from there we will be able to start judging success.

For me this current so called crypto winter is probably presenting a second life changing opportunity. I missed the first crypto phase through ignorance and I dont intend to miss this one hence my relentless research. So I am/will be adding heavily here, various cryptos, and other related opportunities. All very easy for me to say I know, but only time will tell if I have called it correct.
Skol

just a little add to my previous post - 3-4 years ago Defi didn’t really exist - in that time it has grown to approx 77 billion USD market of locked in finance - it was a lot higher in 2021 but with the crypto winter upon us it has settled down . That figure makes it only the size of the 38th largest US bank - but given the unprecedented growth to 77billion in a few years there are commentators out there predicting it will be a several trillion pound industry in the next five years.

Tradeforce - The quick answer - its important to separate the token (DOT) from the blockchain (Polkadot)
Look at the token as the gas that powers the network. The price of DOT itself will be determined by the markets which currently is at all time lows and has fallen along with the rest of cryptos.

Polkadot network is very young and specifically designed to take on the 77 billion (currently) DeFI marketplace currently dominated by Ethereum. Polkadot is already the fastest growing DeFi platform and if pendulum is successful in bridging Fiat to polkadot as well as bridging to other defi platforms such as Solana and Ethereum it could become the go to protocol used in the 1000s of DeFi transactions.

And of course if Polkadot becomes a hugely successful DeFi blockchain logically the DOT token will increase exponentially. As will the PEN token if Pendulum is successful.
ETHER started under 1USD - today its just under 1200USD.

Blu - apologies for delay - gone down with covid at the moment and its knocked me for six.

I think we can expect Amplitude going live on Kasuma around Aug-Sept, Polkadot Auction around Oct/Nov and Pendulum parachain going live before end of year. I believe the plan is also for Amber forex AMM dAPP to also be up and running for the mainnet launch.

Wish I could be more specific but its just not possible - its all soooo complicated.

Another small move forward towards critical mass adoption
100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao's Stablecoin Vault
https://news.bitcoin.com/100-year-old-pennsylvania-based-bank-approved-to-leverage-makerdaos-stablecoin-vault/

Little Pendulum /Polkadot promo
https://www.youtube.com/watch?v=Q2jY5E0z0A8

A good roundup of the current market conditions
CRYPTOCURRENCY Will This be Year Crypto Gets Mention in Banks’ 10-Ks?
https://www.pymnts.com/cryptocurrency/2022/will-this-be-year-crypto-gets-mention-in-banks-10-ks/

COVID-19 restrictions could be reintroduced if rise in cases hits NHS backlog, minister warns
https://news.sky.com/story/covid-19-restrictions-could-be-reintroduced-if-rise-in-cases-hits-nhs-backlog-minister-warns-12650185

Article by ECB
Stablecoins’ role in crypto and beyond: functions, risks and policy
https://www.ecb.europa.eu/pub/financial-stability/macroprudential-bulletin/html/ecb.mpbu202207_2~836f682ed7.en.html

FSB Statement on International Regulation and Supervision of Crypto-asset Activities
https://www.fsb.org/wp-content/uploads/P110722.pdf

Bit of related reading.
https://cointelegraph.com/news/after-terra-s-fall-to-earth-get-ready-for-the-stablecoin-era

U.S. Federal Panel Claims Cryptocurrencies Can Boost The Economy, Will It Result In Bullish Trend
https://www.newsbtc.com/crypto/u-s-federal-panel-claims-cryptocurrencies-can-boost-the-economy-will-it-result-in-bullish-trend/

One assumes we ate somewhere between the ‘starts working’ and the ‘product market fit’ stage ;-)
https://nitter.net/pic/orig/media%2FFOVz2WcUYAQjzk_.jpg

In light of the Amber whitepaper (which is quite a complicated and challenging read for us mortals) this article might be of interest.

Decentralized Forex Trading: The Next Evolutionary Step
https://www.financemagnates.com/forex/decentralized-forex-trading-the-next-evolutionary-step/

Forex whitepaper out by Amber (being built on Pendulum)
https://twitter.com/0xamberHQ/status/1544261537543720960