Hi, this is Taylor. I'm the CEO of Hedgehog, your friendly neighborhood crypto robo-adviser and investment platform 😎 Because we've got one foot in the future in 2022. That's honestly how it feels seeing phantasmagoric AI art all over the internet. I'm not sure what kind of movie we will be living through in this future, but let’s hope we land on something more like Star Trek and less like Terminator 2.
Every week I give one lucky reader a Ledger Nano S Hardware wallet. To enter the giveaway, answer my question at the end of the newsletter.
Last week I wanted to know whether you'd rather raise a baby dragon or a pet hedgehog. Most of you opted for the hedgehog — not to flatter me, but reluctantly, out of consideration for safety. "A baby dragon sounds awesome but eventually, they grow up and eat you out of house and home (sometimes literally). I mean the animal shelters are full of dragons that someone loved as a hatchling until it ate Grandma." RIP Grammy.
Grab your coffee and a calculator, time to take stock. (The calculator is just if you want to check my math.)
Price of BTC: $18,975
Price of a gallon of gas: $3.76
Number of Average™ gallons of gas you can buy with one bitcoin: 5,046.5
The AAA Gas Prices website is pretty interesting. The average price of gas one year ago was $3.19. Today's average of $3.76 represents an 18% increase. My condolences to all the commuters out there.
Tldr: What can you do with this information? Nothing comes to mind. Maybe you should ditch bitcoin for ethereum and read about the other type of gas prices…
Meanwhile, the price of bitcoin one year ago was $45,965. Oof, 59% drop since then. "We are about to go below the 'Basically a Fire Sale' level on the Rainbow Price Chart," as detailed on Reddit.
Have you joined the #HodlGang? If so, welcome to the party pal, and if you’re wondering why you’ve suddenly joined a weird crypto gang what this HODL philosophy means, please, join me in revisiting the original iconic forum post titled "I AM HODLING," written by drunken forum user GameKyuubi:
I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. [redacted] BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. [...] I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU.
You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.
so i've had some whiskey
actually on the bottle it's spelled whisky
(but only if it's payable in BTC)
Pure poetry, if you ask me. Censored for the decency and deliverability rate of this newsletter.
For context, here's what was going on with the price that year, in 2013:
"HODLING" was invented in December, after BTC had soared from $150 to $1,150, then collapsed to $750 by the end of the year. It was bitcoin's first big bull run and hype cycle. The spike of excitement was followed by a couple years of slumping, stagnant price. BTC started climbing again in 2016.
Tldr: What can we learn from this? What goes down must come up? Nah, not necessarily — say it with me, past performance is no guarantee of future results! But crypto has taken a beating before and survived. This industry is one tough puppy. I mean, consider that these days it's a full-on industry and no one questions that. Progress, right?
"What is ENJIN? Explained — Learn more about a team determined to build the future of the Metaverse & NFTs."
Tldr: *riding a motorcycle full-speed into the computer screen*
"Creating a Decentralized Art Gallery"
Tldr: What if the art on the walls at a fancy-schmancy gallery was controlled by a DAO? A step beyond featuring printouts of NFTs.
Giveaway question of the week: What villain would be most terrifying to face in the technological future and how would you defeat them? For me, it would be:
- A swarm of militarized velociraptors, defeated by Chris Pratt clones
- An all-seeing Zuckerberg, defeated by Monero’s ring signature of power
- An unmanageable ETH 2.0 chain, defeated by GitHub
- Batman, defeated by…his parents (What a twist!)
The floor is yours! Who would you be afraid to face and what weapon would you wield against them?
Hoping you have an absolutely wonderful week and encounter none of these villains,