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Posts & Investments - #edca

Sold Invesco S&P 500 Equal Weight Health Care ETFInvested for 121 days
Made1.64%
Healthcare sector is up on the day and overall; taking $2 in profits. #edca #buyredsellgreen
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Invested in Zcash
I had two ZEC positions - here and elsewhere. My concept was that if I was in a tough spot and needed to do something anonymously, ZEC would be viable. Yet as I dug down, there was nothing better than XMR as far as privacy. The accounts set up with privacy in mind had no way to trace them back to me, without extensive searching. What that also means is that they’re not easy to set up or maintain. Everything has to be anonymous, from the cash to buy the prepaid card, to the lack of KYC, to the lack of any traceability to my devices. The point is end to end security, in case I ever need to transact under the radar. But MOM - WHY would you ever need to be THAT private? Look, we talk about authoritarian governments and the like as though they are historical anomalies, but in actuality, they are the historical norm. We are in the anomaly, and much of history is still in front of us, not behind us yet. Get privacy where you can, because honestly you have much less than you think already. So with the logic above, I closed my non-public platform $ZEC position. Converted to $ALGO. #edca
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Invested in Litecoin
$LTC $BTC $RVN $XMR $HNT $ZEC and $ETH (pre-Merge) offer a problem in the current environment: they need to be mined. Any Proof of Work tokens are likely to suffer when oil prices are high. Their hashrate (the rate at which they can produce blocks of data) goes higher when the market is filled with more people mining. It drops when fewer people mine. As oil becomes more costly for the entire world, that means that electricity production will be more costly - and thus electricity PRICES will increase, eating into or potentially destroying entirely the profitability to mining operations. In addition to the security concerns surrounding 51% attacks, this could also mean a drop in hashrate. $XMR $LTC and $ZEC have all experienced declines in their hashrates, likely due to smaller miners stopping operations while electricity remains expensive. Provided that oil remains expensive, these will have a difficult time regaining territory. Oil is expensive in part thanks to the war that is going on, but also because Oil and Gas companies are in a standoff with the current government regarding who should foot the bill for increased infrastructure necessary to increase supply, especially in the face of an uncertain future in the energy sector. Actions I took: $BTC, $LTC positions put into cold storage. $HNT and $ZEC* were converted to $ALGO and sent to storage. $ETH position remains. $RVN was temporarily closed, as the $ETH Merge appears to be indefinitely post-dated. Converted to $ALGO, sent to storage. *There’s more to this story, but that’s for another time. #edca
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Invested in The Graph
“When old men plant trees in whose shade they will not rest, society flourishes.” I’ve been weatherproofing, in all areas of my life. We have put a misting and airflow system in the backyard, to drop the air temperature in the backyard. We have guarded against soil erosion and planted 16 fruit and nut trees. We have moved our cryptoassets off of CEXs and we have eliminated some positions in favor of positions likely to weather the storm. This weekend, I’ll go over what that looks like, which cryptoassets are good to hodl, and which should be given some extra consideration in light of the year we have had. #edca
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Invested in The Graph
Voyager has halted trading. KuCoin is distressed. We are in the crypto winter, and places that were once havens for humble yield farmers will now likely burn to the ground. The better the yield was, the more problematic the structure likely is. I would not remain on CEXs at this juncture. This is the one non-custodial service I use; Gemini, CDC, KuCoin, Coinbase, have all been sent to cold storage. Now is the time to do so. If the fees are high, I suggest converting to ALGO and then sending; fees tend to be lower that way. Get off your CEXs. #edca
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Invested in General Electric
$GE is a nuclear play. Their modular nuclear reactors are smaller, scalable, and decrease the downtime from 1-2 years every decade to 0 years, simply by servicing the modules on a rolling basis in a multi-module facility. 10/10 it is the path forward for residential production. #edca
Tipped
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Invested in Cameco
I am also adding to some long term investments in the nuclear sector. Radiophobia is still the biggest challenge to the industry, but it is the most viable way forward for residential power production, which is the biggest consumer in the Energy sector. #edca
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