Bankless

ROLLUP: 4th Week of January ($GME, Robinhood RANT, WHY WE DEFI)

Jan 29, 2021
Dive into the GameStop frenzy and explore its impact on retail trading culture. Discover Bitcoin's volatility and Ethereum's soaring highs in the DeFi landscape. The episode discusses centralized versus decentralized staking solutions and upcoming innovations on Ethereum's Layer 2. Get insights on the Coinbase IPO and the frustrations of its users. The conversation also critiques traditional trading practices while advocating for the transparent and equitable nature of decentralized finance.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Market Update

  • Bitcoin is consolidating around $30,000.
  • ETH hit new all-time highs three weeks in a row.
INSIGHT

DeFi vs. ETH

  • Track DeFi tokens against ETH, not just USD.
  • DPI/ETH breaking out could signal "DeFi season."
ADVICE

Corrections are Normal

  • Expect 20-40% corrections in crypto bull markets.
  • These are normal and have happened about once per quarter historically.
Get the Snipd Podcast app to discover more snips from this episode
Get the app