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HEALTH, WEALTH, AND HAPPINESS |
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Hey Everyone,
After more than a month away, it's great to be writing to you from my home office once again. Traveling is fun, but writing from a laptop cannot compare to using my quadruple monitor PC setup. It just feels more productive, and it's good to be home.
Of the many things I observed during my travels, one that stuck out was an incident at Target, just after dusk, when a large black man shattered a glass case, took some merchandise off the shelf and walked out of the store like he owned the place.
For my wife and I, this was quite scary, but the employees seemed suspiciously composed.
Now I understand why people in the U.S. are increasingly shopping online. |
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Nice fake
Wouldn't it be amazing if people shopping at say Target Corp. or Walmart Inc. were able to use cryptocurrency to check out?
Well, that didn't happen today, but I for one will be keeping a screenshot of this article that appeared on CNBC earlier. ... |
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It only took crypto twitter about an hour to confirm that this is fake news.
Originating with a rather convincing press release on GlobeNewswire (whose link doesn't work at this point) the bulletin was proliferated by CNBC, Reuters, StreetInsider, and many other news outlets, as well as twitter accounts that are usually credible, including the official Litecoin twitter account, which deleted the tweet after only a few minutes.
What a crazy day the person behind that social media account must be having.
For me, the red flags appeared when, despite reports from the mainstream media, there was no word from the official Walmart newsroom, nor their verified twitter account.
This is the sort of thing that you really want to hear directly from the horse's mouth, so to speak. |
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Is the internet broken?
That's the thing. These days, many people don't seem to understand how to verify the authenticity of a piece of information, or how to recognize a credible source compared to a non-credible one.
This is why people tend to believe the darndest things, despite the power of modern information technology.
Perhaps we all learned a valuable lesson today about how the media works, and how easy it is to manipulate public markets.
Litecoin surged more than 30% on Coinbase before crashing back to where it was before the news. Other digital assets weren't as lucky, and they ended up lower than where they started. Perhaps we can learn from the price action that there's no such thing as bad press.
Litecoin was all over the news in association with one of the largest retail brands in the world. That's the type of thing that tends to leave a brand mark on people's brains long after the context is forgotten. The price action, with litecoin outperforming today, would seem to confirm that this is the case.
Also, it seems quite fitting that the latest research report from analyst Maren Altman, released shortly before litecoin prices experienced their sharp rally, speaks specifically about communication issues and misunderstandings.
I highly recommend this groundbreaking research on astrology and the markets.
Have a wonderful afternoon, evening, or morning, wherever you are.
Happy thoughts, |
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Mati Greenspan Analysis, Advisory, Money Management |
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