In this week’s newsletter: When I was sent DMs asking for advice about Tsuka, a new coin I was supposedly involved in, I could never have expected what happened next
On Monday morning I woke up to a pair of odd DMs on Twitter. “Sir, Greetings, Do you have any information about Dejitaru Tsuka token,” asked one “Dr. Joker”; another had a similar question: “Yo dude what do you know about Tsuka.”
I’d not heard about the cryptocurrency, and a quick scan suggested it wasn’t worth my time: it was a classic “shitcoin”, a newly created token with no reason for existence beyond buying low and selling high.
Gambling on shitcoins takes the subtext of much of the crypto space and turns it into the entire purpose. There is no pretence, here, of anyone banking on widespread use, or of the coins having a purpose. The game is to find one that will go up, buy it cheap, push it as hard as you can to others, and then cash out at the top. The community takes phrases usually associated with financial...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...