Published in Coinmonks·2 days agoSVET Markets Weekly Update (Jan 30 — Feb 3, 2023)In the fourth week of 2023, NASDAQ increased by 4.3 percent. It opened at 11512 on Monday and closed at 12006 on Friday. The upward trading trend for the week was influenced by the FOMC’s decision to add 0.25 points to its bank’s rate, which was previously at 4.5. …Bitcoin7 min readBitcoin7 min read
Published in Coinmonks·Jan 30Decentralization or OblivionDecentralization and non-violence are two principles that are closely related and often intertwined. The concept of decentralization refers to the distribution of power and decision-making authority across a wide range of individuals or groups, rather than being concentrated in a single central authority. Non-violence, on the other hand, refers to…Bitcoin6 min readBitcoin6 min read
Published in Coinmonks·Jan 28SVET Markets Weekly Update (January 23–27, 2023)Markets zigzagged this week in anticipation of the FOMC’s rate announcement. Bulls were energized by hints of an improving macroeconomic environment while bears pointed out the persistently low unemployment and inflationary pricing in the service sector. As a result, BTC closed almost at January 23rd levels (Mon: 22,706, Fr: 23,108…Bitcoin5 min readBitcoin5 min read
Jan 27It’s Now or Never-MindCryptocurrency, at its core, is not simply a means of financial exchange, but rather a revolutionary technology that challenges traditional notions of governance and consensus. The current mechanisms employed by governments around the world are centralized, whether it be through the rule of one individual or through elected representatives. …Bitcoin5 min readBitcoin5 min read
Published in Coinmonks·Jan 22SVET Markets Weekly Update (January 17–20, 2023)This week was a rollercoaster ride for NASDAQ. On Tuesday, it opened at 11070, feeling a bit sluggish, as if it had just woken up from a weekend nap. As the week progressed, NASDAQ didn’t gain much momentum and by Friday, it closed at 11140, after experiencing a nose-dive on…Bictoin5 min readBictoin5 min read
Published in Coinmonks·Jan 14SVET Markets Weekly Update (January 9–13, 2023)The 2nd week of 2023 was dominated by bulls with NASDAQ closing it just above 11K, rising 4 percent, while BTC, boosted by improved sentiments (absence of negative news) and technical factors (oversold), gained more than 20 percent, rising from 17th to almost 21K. Week’s brief history: Yearly Inflation Rate…Bitcoin6 min readBitcoin6 min read
Published in Coinmonks·Jan 7SVET Markets Weekly Update (January 3–6, 2023)Week One started by market participants changing their traditional ‘positive-negative’ trading mode to the opposite — cheering prices up when leading macro-indicators are set in green. Are recessional sentiments taking over? We have to wait and see. This week’s brief history: ISM Manufacturing PMI (Dec): 48.4 percent (fact), 49 (prognosis); …Bitcoin4 min readBitcoin4 min read
Dec 31, 2022SVET Markets Weekly Update (December 26–30, 2022)The 52nd week formed the classical ‘dragonfly’ doji on the NASDAQ weekly graph — one of the oldest market reversal signals. Such candle-patterns are often misleading. Let’s hope that this one will be the exception :) Here are week’s day-by-day notes: Case-Shiller Home Price Index (Oct): -0.8 percent (fact), -1.2…Bitcoin6 min readBitcoin6 min read
Dec 28, 2022Evernomics For DummiesEvernomics is the study of eternal economic agents’ behavior in non-scarcity environments. Evernomics opposes to Economics, which is the social science that studies the production, distribution, and consumption of limited goods and services. Economics postulates resources scarcity and humans limitations. Evernomics allows humans to extend themselves beyond artificial limits. Economics…Bitcoin2 min readBitcoin2 min read
Published in Coinmonks·Dec 24, 2022SVET Markets Weekly Update (December 19–23, 2022)The 51st week of the year 2022 becomes the third red-candle week in a row. NASDAQ opened at 10707 and closed at 10497 sliding another 2 percent down to the South. …Bitcoin6 min readBitcoin6 min read
