VAULT Crypto Investments Weekly Update #8 — The Week of FUD
If you look up the term FUD in the dictionary, you get several definitions. In terms of cryptocurrency it has been used since the beginning to describe negative news. The urban dictionary has the following definition:
FUD is an acronym for “Fear, Uncertainty, Doubt” and is commonly used in the cryptocurrency community as a short way to describe negative information about a blockchain based currency or asset.
FUD has been around since the beginning of Bitcoin. It was long thought that Bitcoin was a passing fad and would never have any real or sustained value.
On May 22, 2010, Laszlo Hanyecz though he was getting a great deal when he paid 10,000 BTC for two Papa John’s pizzas in Florida. Bitcoin was new and easy to mine for those smart enough to know how. Nobody knew much about it and few of the ones who did could ever imagine it would become what it has grown into. Most people at the time thought it was great that a digital currency mined on a computer could be converted into a real commodity like a pizza.
The prevailing thought from the FUD going around at the time was that Bitcoin was unlikely to have any real or long term value, so being able to use it for a pizza was a great value at the time. Years later, they would become the world’s most expensive pizza slices with a price of $380,000,000.00 at this moment. Interestingly enough, they were worth over $600 million when Bitcoin surpassed the $60k barrier on April 11.
If you like following the history of FUD and Bitcoin, the summer of 2011 was an exciting time. Over the course of a few days, BTC plummeted in value from a peak of $32 to just $0.01 on the MtGox exchange, a trading platform based in Tokyo, which was dominant at the time. Hackers were able to access administrative files and FUD was rampant that the blockchain was compromised.
Bitcoin dropped 56.3% in value between August 17–19th of 2012 over FUD created over the Ponzi scheme known as Bitcoin Savings and Trust that made off with almost 150,000 BTC.
The FUD around MtGox reached its peak on January 14, 2016, when Bitcoin’s price dropped 86.9% to $152 over news of the exchanges eventual bankruptcy.
It was the FUD around the $530 million hack of Japan’s largest OTC crypto exchange Coincheck that led to another 83.6% drop in Bitcoin value on December 15th, 2018.
On March 13th, 2020, Bitcoin plunged to $3,867. Coronavirus was ramping up, financial markets were crashing and FUD reached new levels as there was talk that people would be getting out of speculative assets as they lost their jobs and businesses. This FUD was responsible for a 60.8% drop in BTC value.
If you look at the current 54% drop in BTC price since April 14th, 2021, you would be inclined to think Bitcoin is in trouble. I hope this brief history lesson has shown you we have been there before and suffered much worse drops. FUD is a tool for some large investors to cause people to panic sell, so they can buy up more.
In a 1948 speech to the House of Commons, Winston Churchill paraphrased Santayana when he said “Those who fail to learn from history are condemned to repeat it. “ Don’t give in to the FUD! Don’t condemn yourself to losing your Bitcoin.
VAULT Crypto News this Week
If you sign into VAULT Platform https://my.vault.investments/dashboard/ many of you will notice that you have an AGE ice drop wallet with coins in it.
All VAULT accounts received AGE in ICE to start off their shares! Plus, ice wallets that reach at least 750 AGE by July 18th 2021 will get an additional 50 AGE bonus ice! These coins will remain frozen until you fill your ice wallet to 1,000 AGE (10% of a masternode) and then rewards can be earned as a 10% share!
Ice-dropped coins are bonus coins and if you want to keep them you need to have and/or buy enough coins to fill your ice wallet to 1,000 AGE by August 17th 2021.
Filled ice drop wallets: You keep the ice-dropped AGE coins plus all coins you deposit and all rewards they generate.
Unfilled ice drop wallets: You keep all coins you deposit, with only ice-dropped coins and all rewards they generate returned to Agenor.
https://my.vault.investments/coins/age/
https://my.vault.investments/coins/age/coin-packs/
On June 5th, VAULT coin will be 2 years old and Birthday celebrations have started early!
NEW: A Bitcoin pool that keeps paying!
Investors can activate Stronghold at https://stronghold.vault.investments/ and earn shares of all following activations until their maximum goal (currently 100 VAULT coins) is reached!
Stronghold investors can refer others to activate Stronghold and earn instant rewards!
Stronghold features a fair play bonus drop on the 1st day of each month to ensure that no one will wait for a long time to reach their goal!
Starting June 5th 2021, 5% of all Stronghold activation fees will be deposited in a publicly verifiable Bitcoin pool!
Every year, 50% of this pool will be shared with Stronghold accounts, according to the number of qualifying shares.
The other 50% will be used as the starting funds for the following year.
The Bitcoin pool year ends May 31st each year, with shares paid on June 5th (VAULT coin’s birthday).
1 share equals 1 qualifying month.
Each Stronghold investor’s first qualifying share will start from the beginning of the following month after their maximum goal (currently 100 VAULT coins) has been reached.
Example:
Goal reached by August 31st 2021
First share starts September 1st 2021
First start up funds
On June 4th 2021 we will count all Stronghold activations and add 100,000 sats for each!
Example: 20 activations would add 0.02 BTC to the starting pool funds.
Stronghold, the VAULTimate investment for a lifetime of passive income and additional benefits!
https://stronghold.vault.investments/
We are proud to announce that VAULT coin is listed on VaultWatch!
https://www.vaultwatch.eu/detail.php?coin=vault
VaultWatch is a new platform that will offer all information in one place.
- Masternode monitoring
- Staking calculator
- Staking information
- Masternode information
- Project links
- Addnodes
- Discord stats bot
- And much more…
One website for all your research!
VAULT Coin’s Market Performance This Week
There is no easy way to put it. This week was tough for BTC and VAULT. We saw the high at $9.10 occurring last Sunday. We had a low of $6.24 on Friday. We closed out the week at $6.80, down from $9.09 last week for a correction that correlates with that of BTC at -26.2% for the week.
We are down 43.6% over the past 2 weeks but still remain up 837.8% over the last year.
Volume fell off some with all the volatility we saw this week, so I’m glad VAULT coin has VAULTility.
https://vaultility.vault.investments/
We saw an average of $5,881.29 traded daily. This held above the $5,000 daily level and is below last week’s number of $7,077.39.
We saw 100% of the trading volume this week occurring on CREX24. The Minimum Guaranteed Price buy wall of 1,000 VAULT at 10,500 Satoshi continues to be well-protected by investor demand, with orders currently totaling 870.18 VAULT above the wall. Current price is 17,995 Satoshi (0.00017995 BTC), slightly below last week’s closing price of 18,419 (0.00018419BTC).
Now lets see how VAULT coin performed against Bitcoin this week.
We only saw a 2.3% drop in BTC value compared to the 30% drop on dollar value. Currently we are outperforming BTC year to date by an amazing 520%!
In addition to the platform, products, use and demand, VAULT continues to benefit greatly from being tied to Bitcoin. This week was a bit of a challenge as BTC had a down week, losing 24.5%.
Bitcoin (BTC) Update
I have dubbed this week the week of FUD. It was an unusual week in that there were multiple reports that all seemed to come together as small waves that became a FUD tsunami that hit Bitcoin hard.
Let’s examine three specific areas and see what happened.
1.Screw you Elon!
A lot of blame has been placed on Elon Musk and his recent tweets. Recently any Elon tweet has caused massive moves for BTC and DOGE. Nobody was complaining when they were good for BTC but his recent announcement that Tesla would no longer accept BTC due to environmental concerns seemed to start the whole FUD ball rolling.
2. CHINA, CHINA, CHINA
If you are looking for a source of BTC FUD you can always count on China. The environmental concerns that Elon raised mainly centered on BTC miners in China using coal based power plants to use more energy than the country of Sweden to power their BTC mining rigs.
China also made news this week when the People’s Bank of China announced that financial services companies and payment services were going to be banned from pricing or conducting business in virtual currencies. This news fueled Bitcoins drop to close to $30,000 on Wednesday.
Rumors are that China is developing its own digital Yuan. This would allow them to track and control how their people spend and invest their money. China has long expressed displeasure with the anonymity provided by Bitcoin and other crypto tokens, and warned earlier that financial institutions weren’t allowed to accept them for payment.
3. The US government is getting involved as well.
We got some FUD from the good old USA on Thursday when it was announced that the U.S. may require crypto transactions of $10,000 or more to be reported to tax authorities. Many government and bank officials in the United States have repeatedly used the FUD that Bitcoin is only used by criminals and drug dealers to launder their money. Bitcoin is a way for people to cheat on their taxes and hide their shady dealings and ill-gotten gains from the IRS.
Government regulation of Bitcoin is a fear that many have about its future. We have seen reports of India and China banning Bitcoin for several years now. If governments can’t or don’t regulate or control cryptocurrencies at the moment, it is thought that they will naturally move in that direction.
All this FUD creates volatility and massive price swings. Bitcoin dropping 50% of its value in 1 month scares the pants off new investors. If gold or the stock market dropped 50% there would be people jumping out of buildings.
Investors new to cryptocurrencies may have never seen the volatility they experience with Bitcoin and other coins. If we look at corrections of 20% or more since 2010 for all investments compared to Bitcoin we see that there is a massive difference. Bitcoin had 47 corrections of 20% or greater while the S&P 500 had 1 and gold had 0.
Remember what Warren Buffet said about investing, “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
FUD creates opportunity for seasoned investors. It produces clearance sales on their favorite cryptocurrencies. Use this to your advantage and do not fear it.
The Bitcoin stock to flow model is still on track even with the recent dip.
Cryptocurrency News This Week
“Shut the Hell up Elon”
Elon Musk Clarifies Tesla Hasn’t Sold Any Bitcoin: BTC Spikes $2500
$2.4 Billion Liquidated in a Day Following Elon Musk Bitcoin Debacle (Market Watch)
Amid the Bitcoin Fiasco: Elon Musk No Longer the World’s Second-Richest Person
Elon Musk Tweets About Starbase: Shortly After, Starbase Token (STAR) Soars 6000%
Days After Elon Musk’s Bitcoin Bash: BTC Price Back to Levels Before Tesla’s $1.5B Buy
Crypto Twitter Mocks Elon Musk After He Tried To Bully Michael Saylor
Elon Musk: I Support Crypto Over Fiat
Scammers Still Scamming
Crypto Investors Lost Over $80 Million to Scams in 6 Months, According to FTC Data
Pancake Bunny Exploit: $44 Million Stolen as BUNNY Token Crashed 99% in Seconds
Colonial Pipeline Hackers Received $90M Worth of BTC in Ransom Payments
Buy the Dip
Analysis Suggests Bitcoin Strong Hands Are Buying This Dip
Bought the Dip? MicroStrategy Purchased $10M in Bitcoin at $43.6K
Bought The Dip: Justin Sun Buys $150 Million Worth of Bitcoin
Governments Getting Involved
Indian Government Reportedly Considering Crypto Regulations Instead of a Ban
Chinese Industry Organizations Reiterate Old Restrictions on Cryptocurrencies
China Securities Journal Says Cryptocurrency Trading Is Risky and Calls for Strict Supervision
Same Old Song With China Regulatory Issues and Crypto Ban: Long History Of FUD
Iranian Spies to Hunt Down Illegal Bitcoin Miners
State Council of China Reiterates Ban on Bitcoin Mining and Trading: BTC Price Drops Below $37K
Governments Can’t Stop Cryptocurrencies, Said The Carlyle Group’s Chairman David Rubenstein
US Investors Will Have to Report Cryptocurrency Transactions Over $10K to the IRS
VAULT Crypto Portfolio Tracker
I wanted to give you a running tally of what you could potentially be earning with VAULT. The example I’m using is holding 1 CRYO VAULT masternode with 0.1 BTC invested in the BTC% program. I wanted to show you what kind of returns you could be earning weekly and cumulatively.
1 VAULT masternode of 1000 VAULT with current 28% ROI generated 5.38 VAULT this week for a total of 39.68 VAULT over the past 8 weeks. Total is now 1043.88 VAULT. The total dollar value earned was $298.38 at VAULT’s current price of $6.80. The total BTC value at VAULT’s current price (0.00017995 BTC) is 0.00789621.
Investing 0.1 BTC in the BTC% program earns you 11% APR, giving you a weekly return of 0.00021089 BTC. Over the last 8 weeks, this would be worth 0.00168712 BTC or $64.13.
The total value of your potential returns over the past 7 weeks would be $362.51 or 0.00958333 BTC.
We Are Here To Help You DYOR (Do Your Own Research)
I hope this weeks lesson in FUD history has given you some new knowledge. If you have any questions please feel free to contact me Bobtilladhun on Discord (rmcowherd@icloud.com) or any team member on the VAULT Discord server:
Ian|VAULT.Investments#4786
Jules|VAULT.Investments#7692
CM| VAULT.Investments#4777
Flowguy81#9906
cryptosmith#9920
Bobtilladhun#8522
fivedaywait#7565
Harris|BITBUZZ#0043
VAULT Global Ambassadors
kikiriki#9227 — Greece
CryptoEva[Own CS Team]#3733 — Bangladesh
bevan honas#7388 — South Africa
Farting Rocket#0302 — France
wltjnes1#1227 — Nigeria
Long Miguel#6762 — Vietnam
This is not financial advice. VAULT Investments provides a service to its clients and is not responsible for projects listed or featured in its platform or ecosystem. Users should always DYOR. Invest at your own risk!