Howdy crypto-heads!
Trying out this substack newsletter thing that all the kids are raving about, let me know what you think…
Big week coming up with lots of things to cover for 5/17 - 5/23:
DCG Event 5/19
Mike Boehler’s NAMI walk 5/22
Elon mania
List of past events
1. Beginner’s Night event
This Wednesday, May 19th at 7pm Mountain the third and final installment of the DCG “Beginners Night” will happen. This is virtual and will cover how to set up an exchange account and transfer crypto from it to your Ledger Nano hardware wallet.
Make sure to bring your questions and I hope to see you there!
Livestream link - https://youtu.be/tmF1_ih7gDI
2. Mike Boehler NAMI walk
Depending on how long you've been part of the Denver Crypto Group you likely met my friend and DCG co-worker Mike Boehler. He passed in 2018 and his longtime partner Brenda is organizing a walk raising awareness for mental health in his honor.
This event is occurring through NAMI on Saturday, May 22 and I would love your support!
Mike’s “Bo” Run - https://www.namiwalks.org/index.cfm?fuseaction=donorDrive.team&teamID=41312
3. Elon Musk - naive crypto noob or diabolical market influencer?
Whether you love him or hate him it’s been pretty hard to ignore the Tesla and SpaceX founder’s comments about Bitcoin and cryptocurrency lately. Last week he was hyping DOGE on Saturday Night Live but more recently he dragged Bitcoin for it’s “insane” energy use.
Knocking Bitcoin had the obvious effect of bringing out the BTC Maximalists (people who believe that Bitcoin is the only relevant cryptocurrency and everything else is a shitcoin) and they proceeded to flame Elon via twitter. Adding fuel to the fire is that all of this is happening while BTC corrects from the upper $50k’s down to $43k.
Because I’ve been getting quite a few people asking me why Elon can single-handedly “make number go down” I’d like to share my opinion…
Elon was the catalyst for an overheated market that has seen tremendous appreciation over the last year. If it wasn’t Elon saying that Tesla won’t accept Bitcoin it would likely be some other piece of negative news causing the market to correct. The main point here is this behavior is normal for a growing market.
If it wasn’t Elon it’d be something else, when too many people are in profit they’re primed to sell at the slightest negative news. IMO all this negativity is a precursor for a nice rally, obviously time will tell but I am still very bullish on BTC and crypto for 2021.
4. Past events list
Over the course of 2020 and 2021 I’ve had the pleasure of participating in some great virtual events with many amazing people. Unfortunately these events are spread out over a few different media channels and organizations so I figured I’d consolidate them all here for easy access.
Open Economy Initiative youtube channel
The Untold Story of Puerto Rico’s Bitcoin community w/ Diego Alcala
How RSK, MoneyOnChain & Sovryn are Building the Internet of Value w/ Gabriel Kurman, Manuel Ferrari, and Yago Nahari
Regulatory Compliance for Privacy Coins w/ Justin Ehrenhofer
Locha Mesh: Chat & Transfer BTC and XMR without Internet w/ Randy Brito
Financial Advising for Crypto w/ Adam Blumberg
Denver Crypto Group youtube channel
Crypto Tax Planning w/ Drew Kernosky from Archer Tax Group
That’s it for this weeks update, I’ll be releasing details about upcoming in-person events soon! I’m looking to start them in June and will let everyone know right here via the Newsletter. Good luck out there and make sure you’re practicing proper cybersecurity!
~Matt