LumberHawk's Podcast

Hey y’all! Welcome back! If you appreciate this content, please give it a LIKE and consider sharing it with someone else who might as well. It really helps! Thanks!Had a great chat with the founder and CEO of Sazmining, William Szamosszegi. Here is the raw audio version if that is your preference. The video version will be sent separately. He reached out to me as a Sazmining customer to get my feedback about the company and my experience to date. He was kind enough to allow me to record our conversation and put it out to all of you. If y’all remember, I had a really nice chat with Sazmining President and COO, Kent Halliburton (HERE) prior to becoming a Saz customer myself. This was a really great follow up for me after becoming more involved with the company, and having some more time to educate myself about Bitcoin Mining. We talked about so much in just the hour we had, like our orange pill stories, thoughts on emerging grid needs and energy in general, entrepreneurship, plus so much more. I hope y’all enjoy this as much as I did.Here is the link to the Start Engine page we spoke about. As mentioned, here are our respective Nostr pubs.Myself: npub1u6xq0vfk2d947mpm8na2t86ymus6prhemmgxyh3035yasmruugdqm4zuc8Saz: npub10vkwadgkfkg9vzpe04a6rhpzrd8rlw0r84qelag5hgtycrykgz3qvty3epIf you would like to learn more about purchasing green energy Asic miners with Sazmining…. Cheers!Thank you for reading LumberHawk’s Newsletter. This post is public and FREE so feel free to share it. It really helps!Disclaimer: I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic & a keyboard telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on Twitter If you’re viewing this in a podcast notes, the imbedded links may be unavailable. Please go directly to my Substack (lumberhawknews.substack.com) for full accessibility to all links and content. Cheers!Check out my Twitter here @LumberhawkInterested in mining BTC but don’t want to have loud, hot and expensive miners in your home? I personally use and recommend Sazmining. Click here to get on the wait list for their green energy powered hosted mining operations.Get your free Strategy Session here to develop your personal road map to success.Free Ebook! - 3 STEPS TO CREATE AN INVISIBLE INVESTOR STRATEGYListen to The Lumberhawk Podcast the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!!Thanks for reading LumberHawk’s Newsletter! Subscribe for free to receive new posts and support my work. Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Hey y’all! Welcome back!These are my thoughts as to how the current system promotes stagnation amongst those who live in poverty and struggle to get ahead, and why I think Bitcoin can change the world for these individuals more than anyone else. Bitcoin is a truly fair system for anyone that has an internet connection and having a system where everyone must play my the same rules will go a long way in allowing people to help themselves. Thank you for reading LumberHawk’s Newsletter. This post is public so feel free to share it. It really helps!Disclaimer: I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic & a keyboard telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on Twitter If you’re viewing this in a podcast notes, the imbedded links may be unavailable. Please go directly to my Substack (lumberhawknews.substack.com) for full accessibility to all links and content. Cheers!Check out my Twitter here @LumberhawkInterested in mining BTC but don’t want to have loud, hot and expensive miners in your home? I personally use and recommend Sazmining. Click here to get on the wait list for their green energy powered hosted mining operations.Come check us out over at Infinity Investing. We have free and paid workshops for everything from Option Trading, Wholesaling, to Short Term Rentals and everything in-between! Crypto content coming very soon!Get your free Strategy Session here to develop your personal road map to success.Free Ebook! - 3 STEPS TO CREATE AN INVISIBLE INVESTOR STRATEGYListen to The Lumberhawk Podcast the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!!Thanks for reading LumberHawk’s Newsletter! Subscribe for free to receive new posts and support my work. Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Hey y’all! Welcome back!I had the opportunity to speak with Kent Halliburton here about a variety of things to include his unique life adventures, Bitcoin and mining generally, Sazmining as a company and a sprinkle of broader life concepts. I really enjoyed this conversation with Kent and I look forward to future conversations with him.For full transparency, I am a Sazmining customer for remote hosted Bitcoin miners. I chose Sazmining for my personal BTC mining goals after doing my own due diligence and prior to speaking with Kent, or anyone else at Sazmining. I am excited about the opportunity to work with Sazmining in the future, but I always try have a fair and honest conversation. I do have an affiliate link if you are interested in becoming a Sazmining customer which I will be using going forward because of how optimistic I am about the company. Please hear the conversation and make your own judgements. As always, my experience going forward will be transparent to everyone as I continue to document my journey.On Twitter, Kent Halliburton and SazminingKent also writes a Substack called Kent’s Corner which I recommend checking out.Thank you for reading LumberHawk’s Newsletter. This post is public so feel free to share it. It really helps!Disclaimer: I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic & a keyboard telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on Twitter If you’re viewing this in a podcast notes, the imbedded links may be unavailable. Please go directly to my Substack (lumberhawknews.substack.com) for full accessibility to all links and content. Cheers!Check out my Twitter here @LumberhawkCome check us out over at Infinity Investing. We have free and paid workshops for everything from Option Trading, Wholesaling, to Short Term Rentals and everything in-between! Crypto content coming very soon!Get your free Strategy Session here to develop your personal road map to success.Free Ebook! - 3 STEPS TO CREATE AN INVISIBLE INVESTOR STRATEGYListen to The Lumberhawk Podcast the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!!Thanks for reading LumberHawk’s Newsletter! Subscribe for free to receive new posts and support my work. Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Hey y’all! Welcome back!How I feel about the immediate future on BTC mining and if it’s going to be profitable going forward. BTC mining is a balancing act between hash rate, energy cost and the spot price of BTC so you need to crunch your own numbers, but here are my thoughts on the subject.Thank you for reading LumberHawk’s Newsletter. This post is public so feel free to share it. It really helps!Disclaimer: I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic & a keyboard telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on Twitter If you’re viewing this in a podcast notes, the imbedded links may be unavailable. Please go directly to my Substack (lumberhawknews.substack.com) for full accessibility to all links and content. Cheers!Check out my Twitter here @LumberhawkInterested in mining BTC but don’t want to have loud, hot and expensive miners in your home? I personally use and recommend Sazmining. Click here to get on the wait list for their green energy powered hosted mining operations.Come check us out over at Infinity Investing. We have free and paid workshops for everything from Option Trading, Wholesaling, to Short Term Rentals and everything in-between! Crypto content coming very soon!Get your free Strategy Session here to develop your personal road map to success.Free Ebook! - 3 STEPS TO CREATE AN INVISIBLE INVESTOR STRATEGYListen to The Lumberhawk Podcast the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!!Thanks for reading LumberHawk’s Newsletter! Subscribe for free to receive new posts and support my work. Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Hey y’all! Welcome back!Someone asked me once for an uber simplified explanation about Bitcoin. If you don’t get why BTC is a better money, then this is for you. This is my one sentence explanation of bitcoin, along with some historical background. I hope for this to provide the base idea foundation for you to build on in your own bitcoin education. Bitcoin is a multifaceted technology that will impact many aspects of our life, but in order to get there we first need to understand money.Thank you for reading LumberHawk’s Newsletter. This post is public so feel free to share it. It really helps!Disclaimer: I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic & a keyboard telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on Twitter If you’re viewing this in a podcast notes, the imbedded links may be unavailable. Please go directly to my Substack (lumberhawknews.substack.com) for full accessibility to all links and content. Cheers!Check out my Twitter here @LumberhawkCome check us out over at Infinity Investing. We have free and paid workshops for everything from Option Trading, Wholesaling, to Short Term Rentals and everything in-between! Crypto content coming very soon!Get your free Strategy Session here to develop your personal road map to success.Free Ebook! - 3 STEPS TO CREATE AN INVISIBLE INVESTOR STRATEGYListen to The Lumberhawk Podcast the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!!Thanks for reading LumberHawk’s Newsletter! Subscribe for free to receive new posts and support my work. Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Hey y’all! Welcome back!This is my conversation with Grant Luna about all sorts of things to include Infinity Investing, Bitcoin culture, The Tornado Cash sanctions, the Real Estate market, Self Learning & Growth, etc. It was a great conversation and I look forward to having Grant on the podcast again in the future.I do have a video version of this which I intend to post once Substack video Beta opens up to me.(Update: the process with taking over the Infinity Investing crytpo room has been delayed. I will update y’all when that’s back to the front burner.)Thank you for reading LumberHawk’s Newsletter. This post is public so feel free to share it. It really helps!Disclaimer: I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic & a keyboard telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on Twitter If you’re viewing this in a podcast notes, the imbedded links may be unavailable. Please go directly to my Substack (lumberhawknews.substack.com) for full accessibility to all links and content. Cheers!Check out my Twitter here @LumberhawkCome check us out over at Infinity Investing. We have free and paid workshops for everything from Option Trading, Wholesaling, to Short Term Rentals and everything in-between! Crypto content coming very soon!Get your free Strategy Session here to develop your personal road map to success.Free Ebook! - 3 STEPS TO CREATE AN INVISIBLE INVESTOR STRATEGYListen to The Lumberhawk Podcast the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!!lnbc1p3vkh43pp5ezparjwze9ugtkr5z795nwhmrlmyvduajy8475rpegk8f9zdr8kqdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5jrphsms965lvlj49ceml4pvqa3g9wn8046gt9u7j2wjsy6njmzms9qyyssqcswxpeuxq6qf77ypgjtjfx4zfh2rgj500rl7sngn5ge6e0mp2afjfe96fteml0ght8uh0v3ct9wu7wqlv0zjr2gpyuc0as5524r7mmspw47w09Thanks for reading LumberHawk’s Newsletter! Subscribe for free to receive new posts and support my work. Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Hey y’all! Welcome back!Just my raw thoughts on the BlackRock partnership with Coinbase and what that may mean going forward. Thanks for tuning in!Thank you for reading LumberHawk’s Newsletter. This post is public so feel free to share it. It really helps!Disclaimer: I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic & a keyboard telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on Twitter If you’re viewing this in a podcast notes, the imbedded links may be unavailable. Please go directly to my Substack (lumberhawknews.substack.com) for full accessibility to all links and content. Cheers!Check out my Twitter here @LumberhawkCome check us out over at Infinity Investing. We have free and paid workshops for everything from Option Trading, Wholesaling, to Short Term Rentals and everything in-between! Crypto content coming very soon!Get your free Strategy Session here to develop your personal road map to success.Free Ebook! - 3 STEPS TO CREATE AN INVISIBLE INVESTOR STRATEGYListen to The Lumberhawk Podcast the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!!lnbc1p3vkh43pp5ezparjwze9ugtkr5z795nwhmrlmyvduajy8475rpegk8f9zdr8kqdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5jrphsms965lvlj49ceml4pvqa3g9wn8046gt9u7j2wjsy6njmzms9qyyssqcswxpeuxq6qf77ypgjtjfx4zfh2rgj500rl7sngn5ge6e0mp2afjfe96fteml0ght8uh0v3ct9wu7wqlv0zjr2gpyuc0as5524r7mmspw47w09Thanks for reading LumberHawk’s Newsletter! Subscribe for free to receive new posts and support my work. Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Hey y’all! Welcome back!Just a quick update about Voyager, their Chapter 11 bankruptcy situation, and their recent communications to asset holders about the plan to recovery.I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on twitter Check out my Twitter here @LumberhawkListen to this on the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!!lnbc1p3vkh43pp5ezparjwze9ugtkr5z795nwhmrlmyvduajy8475rpegk8f9zdr8kqdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5jrphsms965lvlj49ceml4pvqa3g9wn8046gt9u7j2wjsy6njmzms9qyyssqcswxpeuxq6qf77ypgjtjfx4zfh2rgj500rl7sngn5ge6e0mp2afjfe96fteml0ght8uh0v3ct9wu7wqlv0zjr2gpyuc0as5524r7mmspw47w09 Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Hey y’all! Welcome back!There seems to be a lot of optimism out there. Not to be a downer, but here are a few thoughts on why there might be some more pain to come first, and why I am still waiting a bit longer before I start to get aggressive in this market.I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on twitter Check out my Twitter here @LumberhawkListen to this on the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!!lnbc1p3vkh43pp5ezparjwze9ugtkr5z795nwhmrlmyvduajy8475rpegk8f9zdr8kqdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5jrphsms965lvlj49ceml4pvqa3g9wn8046gt9u7j2wjsy6njmzms9qyyssqcswxpeuxq6qf77ypgjtjfx4zfh2rgj500rl7sngn5ge6e0mp2afjfe96fteml0ght8uh0v3ct9wu7wqlv0zjr2gpyuc0as5524r7mmspw47w09 Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Hey y’all! Welcome back!NYC being the most expensive place to rent in the country. The rest of the list is compared to NYC as a percentage.I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on twitter Check out my Twitter here @LumberhawkListen to this on the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!!lnbc1p3vkh43pp5ezparjwze9ugtkr5z795nwhmrlmyvduajy8475rpegk8f9zdr8kqdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5jrphsms965lvlj49ceml4pvqa3g9wn8046gt9u7j2wjsy6njmzms9qyyssqcswxpeuxq6qf77ypgjtjfx4zfh2rgj500rl7sngn5ge6e0mp2afjfe96fteml0ght8uh0v3ct9wu7wqlv0zjr2gpyuc0as5524r7mmspw47w09 Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Hey y’all! Welcome back!Gold has been the free market form of money from the beginning of time until 1971. Why?Between 1911 and 1971, the world stopped using gold as money, and that decision has had significant consequence that we are living through right now.So what comes next? Let’s talk about it…I’m just a guy with thoughts on life around me, and I want to share that perspective with you. Some of this is meant to be educational, some of this is meant to be entertaining. This is not financial advice. I’m just a person with a mic telling you how I feel about whatever is on my mind. DYOR. Make your own decisions. If you have thoughts about the content, or you’d like to have a conversation with me about anything (we can do that as a podcast or not), then just hit me up here or on twitter Check out my Twitter here @LumberhawkListen to this on the Fountain app here to earn Sats while you listenhttps://fountain.fm/refer/LumberHawk-1eda3c9dacPlay Blink-O and earn Sats in your Roth IRA here that will never be taxed!https://use.choiceapp.io/u7r53rxAre you getting value from my content? Want to donate a few Sats? Here is my lightning address. Thanks!! Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

You’re going to have to listen to this one…Bitcoin is the greatest monetary asset ever invented, and you can still get it for free! Why aren’t you!?https://fountain.fm/refer/LumberHawk-1eda3c9dachttps://use.choiceapp.io/u7r53rxStack free Sats every day with the above 2 apps. Seriously, what are you waiting for? Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Let's get the boring parts out of the way first. Bitcoin is floating in the $30k range right now. For the last few days we've been bouncing between mid $28k’s and mid $30k’s. I don't see this changing anytime soon. Obviously it could break out at any time, in any direction, but every time we get below $28k it is met with a ton of volume which shows me that when the price gets to that point, the bulls come back in charge. Hopefully that trend will continue in the future.That being said every time the bitcoin price gets above that (like right now in the $30k’s) volume is relatively nonexistent, which doesn't give me a lot of optimism that we're going to break out north of $31k anytime soon.As far as all the on-chain metrics are concerned, for the most part nothing has changed. Almost all of the indicators are still pointing at Bitcoin being in a generational buying opportunity right now. The one thing I would like to make note of is the bitcoin balance on exchanges. During that last dump, last week we actually reversed our trend of Bitcoin leaving exchanges into a Bitcoin going on to exchanges situation. I think that was largely fueled by extreme fear in the markets as well as the Luna Guard Foundation having to liquidate a couple billion dollars worth of Bitcoin. Since then, that trend has reversed and the amount of Bitcoin on exchanges is going back down. I expect that trend to continue to pick back up kind of where it left off last week.The legacy markets looked a little bit better today. The S&P500 was up about 2% up to 4088. The Dow up about 1.34%. The Nasdaq up 2.76%. The Russell 2000 up 3.19%. Also worth noting the 10 year bond rate went up 3.16% to 2.968.With the state of our economy being the way it is and the dollar gaining strength over these last several days, it seems unlikely that this stock market rally will continue. I still believe that there is room for another 10% to 15% in the stock market to sell off before we hit a stock market bottom. Unfortunately, I don't think we're going to see a Bitcoin and a crypto market bottom really establish itself until the stock market bottom comes in. Most likely the crypto bottom will actually come in before the stock market bottom, but won't be able to have a lot of confidence that the crypto bottom is in until we see it in the stock market as well.The risk on asset prices going down goes hand in hand with the dollar strength going up as people are are trying to minimize their risk and move to the safe haven that they view the US dollar as. The global economic slowdown doesn't seem like it's going to end anytime soon. As we speak, China has 32 cities on Covid lockdown right now. There's no way that's not going to have an impact on the global economic situation. It also doesn't help that India just banned wheat exports. India isn't a huge wheat exporter like Ukraine or Russia, and I realized that they're concerned with their own population running out of food and wealthier countries buying wheat out from underneath their own population. But, with the global shortages already going on there's no way that this is going to help the wheat markets.Aside from the 32 cities on lockdown, the Yuan is really struggling. It's lost 7% of its value against the dollar in the last month. Some of that is because as a dollar has gained strength. But, also China has seen pretty significant outflows of Chinese bonds because people are afraid of keeping their money invested in China with the current situation. Some of that data that came out recently included:* Industrial production down 2.9% * Retail sales down 11% * Electricity consumption down 1% * Oil demand down to 6.7%* Unemployment rate increased to 6.7 (highest in the five years) * Automotive sales decreased by more than 30%With the 2nd largest economy looking like it's not out of the woods yet and it still has a way to go, it's not much of a stretch to connect that to the global economy struggling for a while.Back over here in the states the S&P500 has lost $7T for this downturn. The index is down 18% since the beginning of the year. The silver lining on that is that every time the market has had more than a 15% drop, it has been followed by a twelve month bull run. Now, that doesn't mean that the bull run is starting tomorrow. It's very likely not and I'll get more into that in a minute. But, whenever this cycle concludes, hopefully past performance will repeat itself again.A recent survey indicated that Americans are generally cutting back on spending. Of The survey responses: * 53% -Dining out less * 39% -Cut back on driving * 35% -Cancel monthly subscriptions * 32% -Buy generic brands over name brands * 29% -Cancel vacations or travel plans.All in all (as I've said before) I don't think that the markets will shift until the Fed starts to pivot its position, which I don't think is going to happen anytime in the very near future. I think it's likely that we'll see another 50 basis point hike in June and again in July. After that I think it's actually likely for the Fed to turn a little bit more dovish for a couple of reasons.* The velocity of money is slowing. People are cutting back and they're saving more.* The credit market is going to start to contract if it hasn't already, which it probably has.* Inflation is disproportionately hurting the masses. By that I mean middle income America and lower income America. Especially lower income America. Rich people generally own assets and asset prices go up during inflation. So, even if you're not keeping up with the devaluation of the dollar you're still doing okay. Generally middle class families try to save & try to have a nest egg. Their nest egg is being eaten away due to the debasement of the US dollar and the increase in costs of goods and services.However, those families in the lowest tax brackets are getting hurt the worst. These families are generally living paycheck to paycheck and they spend the vast majority of their income on consumable goods like food and shelter and electricity. Those expenses are what's going up the worst and those families have the least flexibility to do anything about it.Even though it sounds crazy at first thought, I've started coming around to the idea that as we enter an election cycle the Fed is going to get a lot of political pressure to pivot dovish. But, also if inflation doesn't turn around very quickly (which it doesn't look like it's going to) the administration is going to get pressure to hand out more stimulus checks. I'm not sure what their “monster in the closet” excuse for bringing stimulus checks back is going to be, and it might just be as simple as the fact that families are hurting. However, traditional spending bills are probably not getting through Congress. We saw what happened with the Build Back Better program (not to mention that these bills are very often filled with earmarks and pork belly crap). Potentially a direct payment stimulus program could bypass some of that if not all of that, and go directly to the people who need it. That money would also go directly into the economy. If this were to happen around the same time that the Fed pivots (sending a positive message to the markets), this could be a big cause for a market turnaround.Back to Bitcoin, I wouldn't be surprised if we continue to float in this $28k to $31k range up until then. We might not. I kind of hope that we do though. I don't think that there will be enough bull momentum to keep us above that range and unless we can break north of $32,500 and bounce back off of that with heavy resistance going south (and use that as a new line of support), I just don't think that the momentum is gonna stay bullish. Not in this market.When we look to the downside. We very possibly could break back down south of that $28,200 mark. That has been acting as a very strong line of support. So far we have broken through it a couple of times and then very quickly bounced back north of it. That does give me some optimism. However, every time we're north of $28k, volume is relatively minimal.If we were to break south of $28,200 then the next line of resistance to watch is $26,750. The one below that would be the $24,000 realized price number, and the one below that would be the $22,000 (it's a little bit north of $22,000) 200 week moving average. So those are the price levels that I'm keeping an eye on right now.In other news, the UK is set to legalize stablecoins. Now, if you haven't been living underneath a rock then you're probably saying “didn't UST just collapse?” Yes, it did. Actually so did a couple of other stablecoins. However, the UK is only legalizing “fully backed” stablecoins, so they don't have that same risk profile that an algorithmic stablecoin such as UST on the Luna Network hasAnother thing worth mentioning is that the president of El Salvador has said that 44 countries are coming to El Salvador on Monday (almost a week from today) to discuss Bitcoin and how El Salvador has integrated bitcoin into their economy. Of those 44 countries, 32 will be represented by their central banks and 12 will be represented by financial authorities. Nearly all of the countries that will be attending are what we would consider to be developing countries, but they include countries such as Kenya, Nigeria, Egypt, Pakistan, Madagascar, and a bunch others.It's unlikely that all 44 countries are going to go ahead and adopt a Bitcoin standard, but the mere fact that 44 countries are going to El Salvador (a place that nobody was going to a couple years ago) says a lot about what Bitcoin is doing for their economy. We currently only have 2 countries who officially adopted bitcoin as national legal tender. How many of these 44 countries have intentions of doing the same thing?The last bit of news I wanted to touch on quickly was with the Russia-Ukraine situation. If you remember (according to Russian propaganda), that war was only supposed to last a week. Maybe two weeks. Now it's looking like it's going to be our version of Iraq. The whole reason Russia invaded Ukraine was because Ukraine was getting too close to the west and they were flirting with the idea of joining NATO. Russia has made it clear that they will be intolerant of a country on their border being a NATO country. I realized that there are already NATO countries on the Russian border, but not any with significant economic or military might.But now there's yet, another reason why Russia might escalate this war. Finland and Sweden both announced bids to join NATO on Sunday. Although Sweden is not bordering Russia, Finland has a huge Russian border and those two countries dwarf Latvia and Estonia (in basically every metric).I do have another travel deal for you! I have a round trip, nonstop flight from New York city (JFK) to Panama City for $272. You can get a similar flight from Las Vegas (it's not nonstop) and from Denver from $276 or $282 respectively. That flight's usually between $650-$700. Those flights are between August and November of this year and January and March of next year. They fly on Delta and United. You can find those on Google flights; just type it in and they'll come up.That's it for today. Cheers y'all and as always have a great day. Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Welcome back to the Lumber Hawk Podcast y'all! It's been another crazy day. Markets are… bad. There's a lot going on out there and between the contraction of the credit markets, the Russian invasion of Ukraine and also China's export growth falling from 15.7% in March to only 3.7% in April, all of these things are contributing to what we're seeing in the markets recently. It's definitely not pretty. There's no getting around that, but as this plays out remember that wealth is not created in bull markets. It's created with buying opportunities in bear markets. Being positioned to capitalize on buying opportunities when we're in the gutter is what enables you to capitalize on the best of times later. All markets go through cycles. Try to remember that smart purchases held for the long term, either forever or at least well into the next bull cycle is where the real rewards come from. You hear about people Yolo-ing into bull markets all the time and then you get crushed on the downswing. Now I'm not saying to try to time the markets perfectly. It's nearly impossible to time the tops and the bottoms. Just have a plan and a dollar cost into the market at times like this or as the downswing continues and then have a plan to dollar cost out of the market when the market is frothy. As usual none of this is financial advice. I'm just a guy with a microphone telling you how I feel about what's going on out there. Do your own research. Make your own decisions. We have a lot to cover today. So I'm going to give you a brief overview so that way if you want to skip around; I'm going to try to cover these things basically in this order. First we're going to talk about Bitcoin and the S&P500. We're going to talk about CPI and some housing data coming out soon that we need to keep an eye on. We're going to talk about Terra Luna. We're going to talk about Microstrategy. We're going to talk about Argentina. We're gonna touch back on local real estate in Las Vegas, which is the area that I'm at and then lastly I have a travel deal. I'm gonna try to incorporate a travel deal into each one of these because it's one of my passions and I come across a lot of good stuff. So I'm going to try to get that out to you guys. Hopefully you like it. If you do, great! If not, let me know.So, let's start with bitcoin and the implied volatility chart. There is a one week and a six week week gauge. Just recently the one week volatility rose above the six week volatility gauge which is a sign of peak fear. As indicated the fear and greed index right now is currently at 11, which is in the extreme fear range.But this implied volatility chart is often used as an indication of option traders expectations for price turbulence coming for the next few weeks. Usually this crossing of the one week over the six week marks a temporary price bottom. That doesn't mean that the price is actually going to bottom here, it just means that's what the option traders are expecting to happen. As bitcoin and the S&P500 have both had major selloffs recently, if you check their RSI, Bitcoin just entered the oversold range. The S&P500 is right there on the border. S&P is sitting at three 3991.24. The Dow is at 32,245.7. The Nasdaq is at 11,623.25. Russell 2000 is at 1762.8. Bitcoin is clinging on to $30,000 currently at $30,467. The $30,000 support line for Bitcoin is a significant line of resistance as well as the 4000 point line of resistance for the S&P500. We're sitting on both of those right now. So, it's really important to watch to see if we bounce off of both of those, if we ride those, or if we break through them. I expect that we're going to see a local bottom form here for both of those markets. The S&P500 and Bitcoin which in turn kind of impact all of the rest of the markets out there besides real estate. I think it's likely that we end up with a bull trap. Maybe we'll see a little bit of a relief rally here. If we do I don't see us going north of $40,000 on bitcoin. I think $36,000 is more likely, but I'm not even sure if the relief rally is going to take place. And if it does, the down trend is likely going to continue after the rally. So, I won't be looking to make any big moves if we do get an upswing. I'm still going to just wait and see how the market plays out for a little bit longer. I don't think it's likely that if we do get a reversal here, it'll be a market cycle bottom. Like I said in last week's episode; the markets will probably not shift until the Fed's position shifts, and that's going to be based on CPI data and just the greater situation in the economy. I am going to get to CPI information in just a second but before that on Wednesday, the day after tomorrow, Wednesday morning at 4 am PST time 7 am EST we're gonna get some mortgage application data. That'll give us a better idea if the real estate market is continuing to cool off. I expect that it will indicate as such. I think that the local market peak probably came through and the and the recent interest rate raises are going to put some downwards selling pressure on the market, or at least discourage new buyers from entering the market. Now, I call that a local peak because I still believe that the housing shortage situation in this country is going to be a problem for a few years. We're still way undersupplied for starter homes. And by “starter homes” I mean… It's market specific, so every market's a little different, but if you just want a rough estimate I would say anything between $100,000 and maybe $450,000 is what I would consider a start at home or at least in my local economy. We're seeing the 2 largest generations in history both adjusting their situations into starter home markets. You have the Boomers who are retiring and basically downsizing and then you also have the Millennials and Gen Z who are entering their (anywhere from) early 20’s to late 30’s. Many of them waited a lot longer than past generations to get started with things like a family and a career path. So you have a lot of people now moving out of mom's basement and starting a family and looking to buy a house and they're competing with the Boomers who are downsizing. By the way these are the 2 largest generations in history. You combine that with the lack of building that we've had for the last five years and it's pretty easy to see that we're going to continue to have housing shortages probably for several years. As far as CPI data is concerned; the data is always released a month after it's relevant. So the March CPI data was released in April and it was 1.2% month over month. Which if you annualize that number that's 14.4% which is absolutely wild. That's why last month so many people were going crazy about inflation being a 40 year high and all this. But the year over year data was 8.5%. Core inflation was 6.5%. Core inflation if you don't already know is basically CPI minus food and energy costs. April CPI data comes out a couple of hours after the real estate data. It's expected for the core inflation number to come in about 6 and the (year over year) CPI to come in at 8.1%. The bright spot is that the month over month data is thought to come in somewhere between 0.2-0.4% thanks to a passing of peak food and energy costs, which means that you're not going to see a big change in the core CPI. But hopefully the low monthly headline CPI will indicate that there is a reversal in the inflation patterns. If you extrapolate that 0.2% out, then we're looking at 2.4% year over year, which is right in line with where the Fed wants us to be.Generally these expected numbers are already priced into the market well before they come out, so what we need to do is compare what actually comes out with those expectations, as the market will. And then the market will shift accordingly. So if those numbers come in low that would be a bullish indicator and if those numbers come in higher than expected, then you can expect bearish activity in the markets. So again, these numbers might cause a local bottom and a temporary relief rally, but as I've already said be cautious of a potential bull trap. As I said last week the FED would need to see inflation turn around in order to loosen up its policy and potentially implement rate cuts or further balance sheet expansion, but I don't think we're going to get that kind of response based on the data coming out the day after tomorrow. That's it for your general market update. The next thing I want to cover is UST. UST is the stablecoin based on the Terra Luna ecosystem. It's an algorithmic stablecoin that uses the Luna token basically to to balance UST and keep it pegged to the Us Dollar. It's somewhat unique in the stable token space in the fact that it is an algorithmic stablecoin rather than a purely asset backed stablecoin. So with these market conditions UST actually lost its peg to the US dollar starting last night and it went down to about $0.99/dollar for most of last night and then this morning it went down quite significantly further. It's currently sitting at ¢82 and on Trading View you can see that it wicked as low as $0.79. We're still pushing that boundary right now, so unsure how far this is going to go or if it's going to completely unravel. The cause of this event was a pretty massive withdrawal from the Anchor Protocol which is the high yield staking platform. It was $2B pulled out of that and there's a lot of people who believe that this is a coordinated attack on UST. For reasons I am unaware, but there was $285M dollars worth UST dumped on Curve and Binance by a single person, followed by a whole bunch of shorts applied to Luna. I have no way of knowing if this is someone maliciously trying to take down the UST-Luna network or if it's just someone being opportunistic. It kind of doesn't matter because in my opinion if your stablecoin is unable to weather these kinds of storms then it's a risk. So, maybe this person who is performing these actions is doing the rest of us all a favor. We will see if UST can handle it or if not, but basically it's been a digital bank run like we saw in the great depression except for much more localized of course. Now the Luna Foundation does have a significant amount of Bitcoin on their balance sheet as a partial reserve to the UST network. So if those reserves end up getting liquidated then UST and Luna are probably done. However, if they can weather the storm and reestablish their peg to the dollar, combined with bolstering into a larger bitcoin reserve supply (because they were in the middle of buying. They bought $1.5B in bitcoin a couple weeks back and I think they've been adding a little bit more the last few days with a goal of getting to $10B of bitcoin total) So, if they can get through this and establish that $10B Bitcoin reserve and the bottom of this market doesn't clear them out, then they might be in pretty good shape going forward. Personally, I'll be watching this very closely. If it looks like they're going to recover then I will be interested in looking at Luna for my own portfolio. I was invested in it in the past and then as this bull bear market started to show its teeth, I cleaned up some of my alt coin positions for this exact reason of what we're seeing now. Luna is down 60% over the last seven days. If it can make it through this then the upside on the other end of this might be significant. Definitely a risky play. We'll just have to wait and see.Another potential buying opportunity is Microstrategy (MSTR). I've talked about that a few times here on the channel and today if you were to buy 1 Bitcoin worth of Microstrategy as a proxy you could get that for $20,000 which is a 36% discount over the price of Bitcoin. The amount of Bitcoin that Microstrategy holds on its reserves is significantly more than the market cap of the company as far as it's being publicly traded right now. As long as they can weather this bear market storm, on the reverse side when we start to see bull market conditions again, that gap between the reserves that Microstrategy has and their share price should close. And if so anything you buy today should appreciate 36% more than what Bitcoin does over that same period of time. Along with Luna this is something I'll be watching pretty closely especially as market conditions start to change.Alright, next up, let's talk about Argentina. So recently Jack Mallers over at Strike rolled out his (Bitcoin lightning) platform for using Tether (USDT) in Argentina because their economy is a mess. Well about a week ago the largest private bank in Argentina (forgive me if I mispronounce this but) I believe it's Banko Galacia added the option to buy and sell cryptocurrencies on their platform. Within three days the IMF sent over a debt package to Argentina of $45B, which included a provision against the use of cryptocurrencies. So Argentina's central bank set out a ban for lenders from offering cryptocurrency services. Basically the way I see this is the IMF dangled a whole bunch of cash in front of Argentina (in the form of debt by the way) and told them that they could only have it if they banned cryptocurrencies in their country. Which is unfortunate to say the least. All right Let's touch on local real estate real quick. Las Vegas was the most popular moving destination in 2020 and the second most popular moving destination in 2021, only behind Houston Texas. It'll be interesting to see what 2022 numbers look like. Usually Vegas struggles in a bear market because we are in Entertainment Capital. Tourism is such a significant part of our economy here.And to end this all off on a slightly more fun note I have a cheap flight travel deal here. It is from Los Angeles to San Jose Costa Rica for $196. So, if you want to forget about all of the market turmoil, the political turmoil, maybe you're in-laws (lol) I don't know… Then this is a cheap way to go to a beautiful country. The airline is Delta and or Jet Blue and the dates are September through November of this year. I will have a link for this posted in the text part of this. I will have a link for this within the post. That's all I have for today. These are available on Substack, Apple and Spotify. Feel free to hit me up on Twitter at @Lumberhawk or leave me a comment here on Substack. Cheers y'all have a great day! Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Welcome back to the Lumber Hawk Podcast y'all!Happy Mother's Day to all the mothers out there. Especially my love, Ms. Nanner and my Mother. I love you both and I am grateful for you guys being in my life; past and present. For the rest of you out there listening, go be nice to the mothers in your lives. I'm sure they deserve it. On to the rest of the podcast. So, the markets are a bit of a mess. We had that brutal sell off in basically every market a couple days ago. If you feel a bit overwhelmed by all that, it's absolutely okay to go focus on something else in life. You can put your portfolio down and just ignore it. It's fine. But go find something that makes you happy. Spend some time with your family, go work on a hobby, read a book. It's okay, you don't have to watch the markets every day. But if that's what you're here for, (to hear about the markets) then let's get into it. As usual, this is not financial advice. Again, I’m just a guy with a microphone telling you how I feel about life. Do your own research. Make your own choices. Just going to go over some stuff pretty quickly. The jobs report came back. We added 428,000 jobs in April, so that's nice and the 10 year treasury yield just hit a high of 3.13%. The 10 year treasury impacts a lot of market activity as I'm sure you are aware so, it's just good to keep an eye on that number. If you haven't already heard, Fidelity has implemented a plan to allow investors to put bitcoin into their 401K. Fidelity is the largest 401K provider out there. It is expected that they are going to have a limit of not more than 20% of each customer's assets into Bitcoin. Also the program is optional, not only for the individual investors but also for each company being part of the program. Personally, I wouldn't want my employer to make that choice for me. So, if you have a Fidelity plan and you would like access to Bitcoin in your 401K then I would talk to your employer and make sure that they are not going to be opting out of that program on your behalf. In a somewhat related note BlackRock (which is the world's largest asset manager with $10T in assets) created a blockchain ETF comprised of 34 (I misspoke saying 43) products, referring to blockchain and crypto as a “Megatrend”. The head of BlackRock’s US I-Shares product, Rachel Aguirre, said:“The expansion of our megatrends line-up today reflects the power of the millennial and rise of the self-directed investor, whose buying habits have reshaped mainstream consumer behaviors, and in turn, the companies in which they invest”The 3 largest allocations of this fund are Coinbase, Marathon Digital and Riot Blockchain. Just to be clear, This ETF does not hold cryptocurrencies directly. It is an ETF of companies with cryptocurrency exposure, Coinbase being the prime example. Next up I just wanted to quickly touch on the trends between long-term and short-term holders in Bitcoin. Just to oversimplify on why it's important, generally during bear markets long-term holders are accumulating, whereas short-term holders are selling off.Short-term holders usually being newer investors (retail investors) who have a tendency to trade more emotionally. The long-term holders being the opposite. Whereas in a bull market you will see long-term holders selling off into short-term retail hands. As the price goes up, the short-term retail investor generally gets caught up in that FOMO cycle and the long-term investor is usually skimming profits as they are realizing significant gains.The current trend has short-term holders selling to long-term holders, which is another confirmation of being in a bear market. Long-term holders now account for 82.86% of Bitcoin's circulating supply. That is the highest that number has been in several years. You can see how that goes hand in hand with the amount of bitcoin supply on exchanges that I talk about all the time, so I won't get back into that. One of the things that this information tells me is that the illiquid supply crunch probably isn't going to change anytime soon. Generally these long-term bag holders are in it for the long run. You're not going to see these coins hit exchanges until we get significant price appreciation. I'm not saying that the market won't continue to go down (it might), but there's only so many coins out there left available to be sold. Nearly 83% of the coins are fairly well locked up and there's about two million coins left in circulating supply that's actually available to be purchased. Again, with the greater economy being the way it is, we absolutely could keep going down from here. There are plenty of people who think that we are going to retest $34,000 and maybe even $30,000. I don't really know if that's the case, but to be completely honest I didn't think we'd get as low as we are right now (yet, here we are). But I do know that the lower we go the more long-term holder purchasing is going to take place. The institutions and the whales and the individuals who believe in what Bitcoin can do for this world are consuming as much of this product as they can.There's only ever going to be 21 million coins and right now there's about 19 million coins and somewhere between 3 and 4 million coins are probably lost forever. There's about two million coins (maybe a little bit less than that) available on exchanges right now and that number is decreasing pretty rapidly. At some point we're just going to run out.So when is the market going to reverse? Well, when the amount of Bitcoin available becomes so scarce, then it will take a very small catalyst in order to get an upwards price trend. That being said I still think that the bitcoin and larger crypto market is tied to the larger stock market situation and I don't see the stock market pivoting until the Fed pivots. Just a few days ago, the Fed announced the 50 basis point hike. They further clarified that 50 basis points is on the table for the next couple of meetings. 75 basis points is not on the table. We did see a short term rally based on that information and then a day later was that pretty significant crash that we saw. I mean, I don't know if I even want to call it a crash. It was 5% in the stock markets and 10 to 15% in the crypto markets. It's a correction though, for sure. Anyways, the Fed doesn't really have any reason to pivot dovish until CPI data comes down. So, we [have] to keep an eye on those numbers. When the Fed sees a significant course adjustment in CPI data, they're probably going to have a lot of political pressure to stop raising interest rates. Maybe even cut rates. Maybe pause on tightening of their balance sheet. Especially considering that we are rolling into a midterm cycle, the political influences are not going to want to roll into an election cycle with recessionary conditions, increasing interest rates, high inflation, and no finish line in sight. So I would expect some time before then (even if it's just an empty demonstration) I wouldn't be surprised to see the Fed actually do a 25 basis point cut.Now, not in this next meeting. They might do another 50 basis points (increase) 1 or 2 times and then maybe come late fall/early winter I could see them doing a 25 basis point cut, just to say oh “We won” regardless if that's true or not. But it will send a message to the markets and to the voters that they have inflation under control, they have the economy under control. Now, I'm not saying that that's actually going to be the case (everything under control), but that's the message that they're going to try to deliver. And if they do and it's somewhat believable, you could see a market pivot at that point. As far as what happens after that, it's too far out to tell so I'm not even going to speculate. As far as when CPI data comes out * April data comes out on May 11th * May data comes out on June 10th* June data comes out on July 13th* July data comes out on August 10thSo those are dates to keep an eye on. We can use that information to try to guess what the Fed is going to do, just like the rest of the markets will. And you will see the markets respond accordingly. The last thing I wanted to cover really doesn't have anything to do with the markets directly but it could have secondary effects and I don't really see a lot of people talking about it. Beijing has ordered a test, they're calling it a “stress test” to study what would happen to their economy if their economy was placed under a similar situation as to what Russia is right now with all of the western sanctions. It appears that they underestimated the response that the West would apply to Russia based on the invasion. They want to see what would happen to themselves if a situation like that were applied to them. It's pretty easy to point to Taiwan for the reason of this. An invasion of Taiwan is probably the only reason that these kinds of sanctions would ever be brought down on China. The impact of these kinds of sanctions on China would have a more significant impact on the rest of the planet than what Russia does. The sanctions on Russia have obviously had an impact on the global economy. On the flip side of that coin, the sanctions applied to China would have a much more devastating impact to China than these sanctions have to Russia. Not to imply they're not having a significant impact in Russia, they absolutely are. But just the way China is designed as the world's largest exporter, the number of people they have, their inability to grow enough food for their own people... All of these things. All in all, I'm not too worried about it. I think that they're just doing the math on all potential situations. You know they've had their eyes on Taiwan for a very long time and I don't see that changing anytime soon, but I also don't see a military situation developing anytime soon with that. That's all I have for today. Thank you for your support. These podcasts are available on Substack, Apple podcasts and Spotify. Feel free to check them out! Like, subscribe, all that stuff. As always feel free to hit me up either here in the comments or on Twitter @LumberHawk.Cheers y'all. Have a great day! Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Evening everyone!I just wanted to give a quick market update because well, today was brutal. The legacy markets had an absolutely brutal day, especially the Nasdaq. Nasdaq down 5%, 647 pts. The Dow down 1000 pts today, 3.12%. S&P 500 down 3.5%. Russell 2000 down 4%. Bitcoin and the crypto markets took a serious hit too. They had a big ol’ rally yesterday and then today they fell off a cliff. Yesterday Bitcoin rallied from $37,500 ish, right up to $40,000 and then this morning it dropped from $39,500 or so to just over $36,000 and in the matter of a couple of hours. There was ah about $186,000,000 of liquidations in Bitcoin and $63,000,000 of Ethereum. That contributed pretty heavily to the massive downswing. And although today is just one of those red days that give you all those feelings, I want to remind you that some of the long-term metrics are still looking absolutely wonderful. Now are the legacy markets and the crypto market going to continue in a down trend for a while. Maybe. Probably; but in the medium to long-term, the cryptocurrency markets are really really poised to do very well. Just to quickly cover a couple of the metrics that I watch; the Pi cycle top indicator, which is what I use to let us know (as one of the indicators) when we're close to a market top, that trend is continuing to widen. Which means, the wider it is the further away we are from the top. It's been widening since the beginning of the year. The reserve risk indicator is nearly at an all time low, not quite but it is well in the oversold category. The coins on exchange position continues to trend downwards rapidly. As I mentioned in a recent article, that trend is accelerating downwards which means more and more coins are leaving exchanges faster as less and less coins are available on exchanges. Regardless of today's price action, there will be a liquidity crunch at some point. We’re just running out of bitcoin to be honest with you now. Now, it is worth noting that many institutions are buying their bitcoin OTC and not from these exchange wallets. But we also have metrics that show bitcoin miners are generally hoarding their bitcoin rather than constantly selling the way they were doing a couple of years ago, which indicates to me that miners are bullish. Institutions are bullish. And the reserves on exchanges are drying up. So, once retail has a reason to come back into the game (which has been surprisingly low for the last year or 2) then I don't see much choice (but) to see that create significant price action.So as far as what's coming, (my personal plan) I still continue to dollar cost average into bitcoin regularly. I'm not looking to add to my altcoin positions here. There's a lot of uncertainty in the market going forward the next couple of months. The legacy markets are connected to the cryptocurrency markets because of the institutional adoption that we've seen. I will be continuing to stack Sats and hopefully putting some dollars off to the side. So that way if we do have a continued down market then we'll be able to do some aggressive dip buying. Again, none of this is financial advice. This is just what I'm doing, what I'm thinking, what I'm seeing. I don't expect to see a significant string of days like today in either market, especially considering that the Fed said that 50 basis point hike was on the table for the next couple of meetings but they were not considering a 75 basis point hike. Now in reality the difference between 50 and 75 is relatively insignificant when it comes to the big picture, but that should help ease the anxiety of the markets that exists right now. One bright spot of news is apparently Joe Rogan said that Bitcoin is now a viable currency. Now, I don't take what Joe Rogan says to be any kind of economic expert by any means. However, he does have something like 11 Million subscribers on Spotify and a ton of YouTube followers. There's a bunch of data out there that indicates he has a larger following than any of the mainstream media platforms (you know, CNN, Fox News, MSNBC; all those). So, when he starts talking about something a lot of people hear it. Now I don't think that him mentioning it in this context is going to be enough to create that retail enthusiasm and that FOMO, especially after the brutal market conditions we've had over the last couple months; but every seed planted helps to grow the mainstream adoption and to get people involved and that's really what we need to ever see significant upward price action trends again. So yeah, that's it for today just a quick little message out there. If you're concerned about what's happening just Zoom out, look at the trends from 2, 3, 4, 5 years back. It'll help you feel better.And more importantly, try to get some research in to understand the fundamentals of what Bitcoin is, what Bitcoin does, why it's going to make a difference in the world in the long run. In the meantime, (if it fits your portfolio strategy) keep stacking. It's on sale right now. Okay, cheers y'all. Have a great day. Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe

Welcome to the LumberHawk Podcast!I just wanted to drop a brief introduction as I roll out this new mechanism. Just like my newsletter, I will be talking about Bitcoin, crypto, stocks, real estate, and likely a sprinkle of other investing topics. There is an overwhelming amount of noise out there, so I am trying to create content for you to get a more bite-sized, easily digestible serving of what's happening. Occasionally I may do some longer takes if there are larger things to cover that require more depth. That being said; none of this is or ever will be financial advice. I'm just a guy with a microphone telling you how I feel about life. I’m not your financial advisor. I'm not your life coach. Please do your own research and don't sue me. That being said; I do have a unique perspective on life that I want to share with you. I am here to try to optimistically educate people about bitcoin and cryptocurrencies mostly because I think that will provide people with the tools to do the most good for themselves in today's world. I hope to educate and entertain along the way. I would also like to begin interviewing impressive people and having some general Q&A sessions. I Have a few people in mind for this already and I'm really excited about it. It is a safe bet that the topics I cover will expand and encompass a more diverse range. You can expect a little bit of travel, food, poker, (the things I love) and just life in general. The direction. This podcast takes will be a melding of what I find interesting with what you like to consume.I am always eager to receive feedback and I encourage you to do so. Feel free to hit me up in the comments here or find me on Twitter at @LumberHawk. Let me know what you think.Cheers, and have a great day! Get full access to Lum₿erHawk’s Newsletter at lumberhawknews.substack.com/subscribe