It's still high but gas has fallen by 10 cents a liter where I live where Oil is down below $100 USD for now. That's a break on the ol' wallet expenses but general Shop prices remain high and continue to climb despite what the Feds do to try and control it, groceries especially.
In general, the past few days starting August of 2022, has been slow moving in stock and crypto land.
It's kind of the norm for Bitcoin watchers to see it sell off some when it hasn't moved up in several days, or stalled. Not always, but a dip in price brings on 'Bottom Price" buyers and BTC has risen beyond it's past short term high.
The De-Fi sector of crypto ... I tested that when it first started but soon found out it wasn't for me for various reasons. On of the biggies was ... I'm gaining interest but if a token drops in price too much there is no gain, which of course happened big time this year. Fees to move or exchange coins also factored in to my dislike.
These days there is even more added risk as crooked hot shots that know programming and coding spend their days trying to break into these automated De-Fi or Exchanger/Wallet Provider scripts. People monitoring the scripts for errors probably see these hackers get quickly get in and out, while syphoning a few million or more out. What just happened? as they try and close the entry points the crooks use.
Like bank robbers planning and breaking into sophisticated vaults. Once in, the hard part is over and then have access to money, jewels, etc. Like crypto thieves, the clock is ticking to get out with the loot before they are stopped.
Courtesy of Cointelegraph
There is constant speculation from big firm money analyst's, fund/ETF managers, to DIY investors concerning the stock market. Is it getting better today, worse or is a recession coming? ... or is it already here? Online and on TV it's the constant debate that creates the greed and fear that moves the markets.
On my end, I just concentrate on dividends/cash distributions and prefer to buy the premier companies/banks that have a history of steady distributions plus the bonus of increases over time like the top ten in yield on the TSX and other decent stocks below that.
It's always ideal to buy at a lower price than I bought before but timing the market can't be done on a consistent basis although some say they can.
Overall, not the August breakout I would like to have seen so far. What will mid August bring? I'm also looking forward to the end of these high humidity heatwaves here on the east coast of Canada.
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