The "crypto" press is a mess of shilling puppets and inaccurate incompetents. Keep your checking tools and verifying muscles fit. As a warning, here's just a couple of examples I recently spotted.
Retail traders lose when OTC token deals win: Here’s why
Unlike traditional futures contracts, perps don’t expire. Traders holding them
must pay or receive a funding fee. When perp prices trade above spot price,
shorts pay longs to maintain their position. That cost can steadily chip away at
the discounted tokens’ profit margin.
It's the other way round, you moron. Futures price higher than spot means LONGS must pay for the privilege. And it's not automatic either. Temporary drifts up on down on futures premium (or funding fees) do happen.
The mixups between support/resistance, short/long liqs etc. are quite common in the "specialized" press. Copy editing seems to be a lost art in the age of web publishing. Be wary.
The worst type of article IMO are those articles with clickbait titles (mostly fake) that slip some shitcoin shillery between bits of bitcoin info that look interesting (and usually are not: just a rehash of old stuff).
Here's one.
Powell Hints That the Fed’s Rate Cut Will Trigger a Crypto Bull Run, SolMining Bets on XRP Cloud Mining
#xrp_mining
The first hint that this is bullshit is the XRP tag. XRP
mining , even. First off, it's a matter of personal taste, but IMO XRP is the absolute king of all shitcoins. Entire, undiluted, 100% premium banker's shit. But I digress. Secondly and perhaps more importantly,
XRP CAN'T BE MINED. It's all pre-minted.
They really want to force that kind of excrement down our throats, and journalism has nothing to do with what they're doing here. See what happens further down.
Cryptocurrency investors cheered after Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole on the 22nd, seizing the possibility of an interest rate cut as early as September.
--snip--
This signal cheered cryptocurrency investors. Expectations of rate cuts tend to weaken the US dollar and release more market liquidity, which typically flows into digital assets like Bitcoin and XRP, driving market rallies.
Second mention of XRP next to BTC, as if they were in any way similar. No other shitcoin mentioned. This one's shilling for the king of shit only!
SolMining, meanwhile, offers XRP holders a new way to profit—real-time daily returns through cloud mining contracts.
Aha! Here's the ad, just after the BTC+XRP reference. Not marked as such, though. The following headings are interspersed with references to Powell and the possible rate cut.
Solmining: Generate Daily Passive Income From Your Idle XRP
--snip some shit--
How To Start Mining With SolMining?
--snip some more shit--
We offer starter contracts blah blah
A Bull Market Combined with New Strategies
Powell’s dovish shift, combined with SolMining’s real-time yield model, is reshaping the crypto investment landscape.
Aha, so crypto is being reshaped by Powell AND this scamlike operation. Good to know.
Conclusion: The Best Time for XRP Investors
With the macro environment shifting in favor of digital assets and new platforms continuously expanding blah blah
For many investors, Powell’s hint of a rate cut is a green light. And with SolMining’s blah blah
So, if you're looking for the part where Powell hints that the Fed’s rate cut will trigger a crypto bull run, you're going to end up disappointed. Nowhere in this piece of crap article is any such part to be found. There's the justification that Powell never said that, of course, but the truth is often not such a big hindrance.
For fairness, I have to say that there is a small print disclaimer after the first title:
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. While it has undergone editorial review to ensure quality and relevance, it may not reflect the views of Cryptonews.com and is clearly distinguished from our independent editorial content. If you wish to advertise with Cryptonews, contact us.
So on Cryptonews. It's often utter marketing bullshit with no clear boundary between information and crap. Slightly lighter shilling is practiced by CryptoPotato. ZyCrypto is just clickbait titles gilding short, meaningless articles that state the obvious. Other sources might be well meaning but are often inaccurate or outright wrong (Cointelegraph).
TL;DR Careful with what you read. Keep your critical thinking subsystem always honed.
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