HEX is the greatest CryptocurrencyHEX is an ERC20 token that was released December 2019 after over a year in development, with 2 Security Audits as well as 1 Economic Audit.
Since the 2019 release the smart contract has worked flawlessly with zero downtime or hacks. It’s immutable code that has no admin keys and multiple front ends built by the community to access its signature feature “Staking”. The major difference between HEX and Bitcoin or Ethereum is the fact the coin inflates at a maximum of 3.69% per year, but instead of paying miners to sell the coin to pay for electricity costs, HEX pays those who Stake their coins. Everything is done from your self custodial Ethereum wallet and you pick how long to stake, from 1day up to 5555days. The longer you stake the more yield you generate, just make sure you’re truthful to the smart contract because if you end your commitment before 50% of time served you will lose some of your principal as well as interest earned. All of those who honor their commitment and end their stake on time benefit from those who ended theirs early or late.
Most people have built what’s called a Staking Ladder staking different amount of HEX coins for various amounts of time (Like a traditional CD) so they always have a stake coming due. The yield isn’t paid in USD it’s paid in HEX so the price of the asset can go up substantially higher once your stake matures and then people just sell a portion of their yield and never kill their golden goose, restaking the rest!
Just in its first 2 years HEX did a 10,000x at its ATH in September 2021! If you stake longer then the average stake length (currently at 6.49yrs) you will be earning over 39%APY (in HEX). This is how so many people have created life changing wealth for themselves using the staking feature no matter what price they originally bought at!
Why would you buy and hodl a coin that doesn’t pay you to hold it? Why not just keep a small % liquid and stake the rest paying yourself every year for the next 15years? That way you’re earning high %APY on the longer stakes and your paying yourself yearly or whenever you want? If you keep some liquid you will always have the opportunity to capitalize on the volatile nature of cryptocurrency.
Moneyprinter
This is just the beginningCommodity prices are still going, several commodities have gone past all time highs, such as Palladium, Lumber, Steel...
And grains are also going up very strongly, Corn hit an 8 year high after 6 years of price stability, and they're all not far from ATH.
Corn imports have fallen as buyers are put off by the high prices (they are going against the trend, what if it never goes back down?).
Soybean demand should continue to increase, it is in high demand for the green transition (as a meat replacement, fuel additive or replacement, lubricant, etc).
And based on past years it seems farmers do not sell before summer (they plant in April-May).
This is now the 12th month in a row food prices have been going up.
History will show this was more than just some short term fluctuation or some economic recovery.
If we look at the past 10 years we might expect that soybean volatility is set to soar, every year as farmers plant their crops volatility increases by about 50%.
It fits with what you would expect after a range breakout, a trend that gets stronger and stronger ending parabolic (and bears screaming "this is ridiculous"), followed by a significant correction.
Corn has been the big runner and I think I will avoid it now, but wheat is interesting, after a long period of being choppy and lagging behind other grains, it has gone vertical finally!
If this keeps going I will look to go long wheat on a pullback.
Resistance (ATH) is far away:
The price stopped at the $15 psychological level, gathered reinforcements, and then continued up.
In many ways the situation is similar to 2007, but much crazier, with Rudolf Havenstein running the central bank.
We have seen this several times in the last year: After hesitating a bit around resistance, the price makes a new high giving confirmation to sidelines traders.
No reason to think this time is different, and as more people notice the trend it can be expected to get stronger.
We can look at previous vertical price rallies, and expect it to go at least to $18. It does not make sense to me that the rally would stop now.
It would be like a big truck running at full speed instantly stopping for no reason.
On the weekly chart clearly it does not have that much distance left to get to all time high, it's not far fetched at all, especially with all the other commodities that went well beyond ATH.
The trick is getting in on H4 to grab a fantastic risk to reward.
The main difficulty with these crazy vertical price moves is you can never enter and once you get in it reverse.
But with Soybeans... It is granting perfect pullbacks and breakouts, at least it has for the past 9 months.
And cherry on the cake, it could just fly past ATH, again. Who knows how far it can go? If this was the winter low volatility, what could the year peak volatility be? Up 25% in a week? Hey it's even possible it ends up in the news and retail goes insane and starts a bubble with dumb money arguments "new paradigm", "market of 7 billion eaters with the green transition", "we are very early" and so on.
The past centuries were full of all sorts of commodity bubbles, tulips that's the one everyone knows about, rabbits, silk, and others ones no one knows about but still have a few traces left in old books.
XAUUSD Big Picture - Keep your eyes on the ballNo, the money printer just needs more toner. They have not turned it off.
Standing at the current junction, from a monthly chart perspective all is well for continued consolidation around these levels until price is ready to take off.
On the daily price is still ranging forming the larger flag, albeit in notoriously choppy fashion. No reason at this point to say for certain that our low is in, but if bulls come in for heavy offense on the double bottom I would be interested in a turn at-bat.
These times are crazy times. Just a possibility. Could just be a big double bottom consolidation phase before boom boom diggity. We are going to have to buckle up and see what happens. Printing more USD will potentially add more fuel to the fire(Most likely they do a lot more printing). I am no financial pro/advisor just a dude who enjoys drawing lines on charts to see if maybe I can tell the future in my own eyes 😉 . Do your own diligence.😁
PCG thesisThis is not investment advice just the ramblings of an insane trader.
I call this a thesis because its been 3 years in the making.
Anyway, when it dipped below 4 the second time I became very interested because "utility monopoly", cant go tits up unless broken up by super gavin. So I bought in the red circle. Then sold in the green circle, the blue X is where I fucked up by not holding half my shares and playing with house money. But profit is profit and I'm happy until tomorrow. What happens tomorrow? Friday June 19th? Not only is it Juneteenth it is the day that PCG will likely finally emerge from a 3 year saga of almost bleeding to death in bankruptcy. Why is this important? Well there are a lot of factors at play here:
1. Victims of the fire that caused the bankruptcy:
This class is interesting not only did PCG trick them into partially taking stock as compensation for their damages/loved ones deaths the $13.5 billion fund plus stock only goes to victims who didn't already have an insurance claim that was fulfilled. The victims had a sub clause that in order for the stock to be a viable payout PCG had to plead guilty... I mean this is a total shit show.
2. Monopoly status of PCG:
PCG is a monopoly no way its not and california was not cool with that; Dear gavin was looking to break it up because of public outrage over what happened, then coronavirus happened and that poor man well he got to wipe the sweat off his brow and take a breather. Not only did he not have to care about PCG anymore he had a greater threat that would distract from the ineptitude present in their inability to do anything about PCGs size. Now this monopoly status and the combination of providing a service that literally everyone needs means that PCG rakes in tons of cash like fucking truck loads. Despite having some really bad quarters of the past 3 years because of wildfire payouts they still have managed to not only stay in business but hold onto a decent cash reserve that will allow them to coast out of bankruptcy with a smaller debt pile than expected.
3. Pensions:
California has great pension plans for state and county workers, one of the best features of those pension plans is having PCG stock in them both common stock and preferred stock none of which have been printing dividends for 3 years. This is where the sweat in Gavin's brow comes into play not only did he dodge the monopoly bullet he dodged the retirement float debt bullet. PCG will most likely reinstate their dividend on the preferred stock before the year is out and it will probably come back on the common stock soon there after in 2021. This means that the pensions will have better float than the past three years. And the pensions will likely be buying this stock in gurney to make sure they don't miss the boat on the increase and potential to leverage the positions.
4. Dividends:
PCG dividends were only cut because the bankruptcy judge wanted them to be used instead to payout victims, once they leave bankruptcy the wildfire account is established and populated with cash and stock handouts. They will be looking to reissue dividends to the public again to gain a more favorable valuation.
5. Employees:
In response to the bankruptcy/wildfire demands PCG had to ramp up hirings so they could go out and identify poles and equipment that was theirs and so they could trim trees across the state. That's right PCG didn't even know what poles and equipment they owned across the pacific northwest, its beyond irresponsible but who cares necessity monopoly. These employees will likely be removed from the on going operations of the company once they emerge from bankruptcy since they will no longer be held to excessively stringent standard practices. They are coming into a situation where utilities are being held to more safety guidelines but SCE was not being held to the same standard PCG was while in bankruptcy so expect them to get a little more lax and have some layoffs in the near future to increase profits a little bit.
Lastly not only does this create a favorable position and potential growth situation for the stock lets not forget that the fed is printing free money right now. Any debt that PCG takes on will have minimal impact on its operating business and Hedge funds and other institutional holders will be looking to capitalize on this forward looking idea. I personally feel like rockets will result from this but I cant be sure. Is this going to be shopify? Fuck no, but at 10.80 a share this shit is way way way under valued.
We are talking about a multi state power monopoly that issues an essential service to people and gets paid for that service regardless of whether or not the actual homeowner can afford it. The only real reason why the price is depressed is because of the potential and literal gavin threat of it being broken up into multiple pieces and sold off. But now that the bankruptcy is going to end the antitrust situation will be harder to pursue, and corona virus made people all but forget this whole situation.
That's my two cents take it or leave it.