Madbyte Update — February 1st, 2020
As Bitcoin continues to stay at near all-time-high levels, we are seeing signs of the alt-coin markets building up steam for numerous bull runs. Just a few days after releasing last week’s MadCapX Newsletter issue #14, we all watched as DOGE did a crazy pump (and subsequent dump which is still ongoing). This may have caught some newbies to the crypto space buying heavy DOGE bags that they now can’t sell without significant loss or waiting until the next surprise pump.
We have also watched as Internet communities have come together to troll the stock market in regard to GameStop and AMC. This disruption is causing major costly headaches for hedge funds but we can see how the system is geared toward helping out the big money institutions while your average joe trader plays by a different set of rules. Crypto markets are still mostly unregulated and some are decentralized, so while you can enjoy the wild west style freedom here, remember that the risks can be huge.
I know that in the last update we said we might have something to show you in terms of the MadXGames site but unfortunately we won’t be revealing anything yet. The small team we have working on things is still just in the starting phases and experimenting with ideas. So with that being said, we think it is best to not give timelines as there are too many unknowns at this time.
All the best,
Madbyte Team
