Trade trainingHello guys
This time we came with classic price action training.
As you can see, after a strong upward movement, the price entered suffering and made a ceiling and made a heavy fall, which caused the failure of the previous floor.
Now we can enter into a sell transaction with the first pullback, and our target will be the defined support range.
Now that the price has entered the channel after the spike, we can still enter into a sell transaction with any upward move until we see signs of trend reversal.
*Trade safely with us*
Btcusdanalysis
Why people losing there money even in the bull market?In a bull market, where prices are generally rising and optimism prevails, it’s easy to assume making money is straightforward. However, many people still lose money due to the following reasons:
1. Chasing Hype
FOMO (Fear of Missing Out): Investors buy at elevated prices because they don’t want to miss the rally, only to see prices correct.
Overconfidence in speculative assets: Buying trendy stocks or assets without proper research often leads to losses when the bubble bursts.
2. Lack of a Strategy
No exit plan: Many investors fail to take profits, thinking prices will keep going up indefinitely. When the market dips, they lose their gains.
Short-term mentality: Impulsive decisions without long-term goals can result in buying high and selling low.
3. Over-Leverage
Using borrowed money to invest amplifies losses if the market doesn’t perform as expected. When the market dips, leveraged investors are forced to sell to cover their debts.
4. Ignoring Fundamentals
Many buy overvalued stocks or assets without considering whether the price reflects the company's actual worth.
Following the crowd often leads to investing in overpriced or low-quality assets.
5. Emotional Trading
Fear and greed dominate decisions. For example, panic selling during minor corrections or buying excessively due to market euphoria.
6. Overtrading
Constantly trying to time the market or moving between assets leads to transaction fees and poor timing.
7. Falling for Scams
Bull markets often attract scams, like pump-and-dump schemes, fraudulent projects, or overly hyped Initial Public Offerings (IPOs).
8. Holding Through the Peak
Some investors fail to recognize when the bull market is near its end and hold onto assets through the subsequent downturn.
Even in a bull market, discipline, research, and a clear strategy are essential to avoid costly mistakes.
Best Regards 🎯
Retail Traders Are Waking Up | Here’s How to Spot the SignsWhy Are Our Parents Texting Us About Bitcoin? It’s Getting Weird
Thanks to crypto,now I know my entire extended family and even my ancestors!
Some of them hadn’t spoken to me in a thousand years, but now they’re calling me “Bruh”
(And no, I’m not a vampire, by the way!)
Here’s why I think a retail fueled wave might be about to hit the crypto market
1/ A spike in Google searches for "crypto"
2/ Coinbase App Store rankings
The Coinbase app just shot up from #155 to #18 in two days
3/ Dogecoin and Squirrel on the rise
Retail traders have a soft spot for Doge , Cardano and memecoins.
Guess which top 10 tokens surged the most in the last week? bunch of retail traders who’ve held CRYPTOCAP:DOGE and CRYPTOCAP:ADA since the last bull run are probably getting alerts that their investments are bouncing back.(That’s one way to grab their attention)
4/ Bitcoin featured on Bloomberg's front page
Mainstream news = mainstream visibility = more pump = more lambo!
5/ Texts from our parents ( Are you winning son? )
The unique skill of being both endearing and critical at once a true dad specialty
6/ Ronald McDonald has joined the chat…
McDonald's just teased a new collaboration with Doodles (yes, the NFT project). It kicked off last week…Now, any one of these signs might not mean much alone
But taken together, they start to tell a different story.
Falling air pressure, strengthening winds, darkening skies… it looks like a retail storm might be on the horizon..Brace yourselves! The good news? This time might not be different.
Earlier in the year, there was concern about a potential “left translated cycle.”
(Translation: crypto prices rising faster than expected).
At first, that sounds great! (Who wouldn’t want a quicker path to wealth?)
But the catch is, the shorter the window for prices to peak, the harder it is to time safely
(you’d have days instead of weeks or months to sell near the top)
When Bitcoin reached all time highs ahead of the halving in March (a first), many traders started feeling “left-translated” jitters. If we stay on this track and hit the same average returns as the past three halving years, we could be looking at a ~$ 126k Bitcoin by year’s end!
Here’s hoping this time really isn’t different! BTC just hit a new ATH again!! STOP
Has the Bitcoin Market Become More Manipulated After ETFs? The long-awaited approval of a Bitcoin exchange-traded fund (ETF) in late 2023 undoubtedly marked a turning point for the cryptocurrency. However, with this institutional influx, concerns regarding increased market manipulation have also surfaced. Let's delve into whether these concerns hold water and what the future might hold for Bitcoin's volatility.
Pre-ETF Era: A Wild West of Wash Trading
Market manipulation in Bitcoin wasn't exactly a new phenomenon before ETFs. Wash trading, a tactic where investors buy and sell the same asset repeatedly to inflate its trading volume, was a prevalent concern. This created an illusion of high demand, enticing others to invest and driving prices up artificially. Mark Cuban, a prominent crypto investor, even predicted wash trading as the "next possible implosion" for the industry in early 2023 .
The Double-Edged Sword of Institutional Investors
The arrival of big players with the ETF has undeniably brought more regulation and scrutiny to the market. This, in theory, should deter blatant manipulation tactics. However, the sheer volume these institutions trade with can also influence prices significantly. The question isn't whether they manipulate, but rather how their trading strategies might unintentionally impact market behavior.
A Glimpse into the Recent Controversy
A recent Wall Street Journal report alleging that Binance, a major cryptocurrency exchange, fired an investigator uncovering market manipulation by a VIP client reignited concerns . This incident highlights the potential conflicts that can arise when profit margins clash with regulatory compliance.
So, Has Manipulation Increased?
The answer is complex. While blatant wash trading might be less prevalent, the impact of institutional trading volume and potential conflicts within exchanges are new considerations. It's likely that the nature of manipulation has evolved, becoming more subtle and potentially harder to detect.
A Future of Stability or Stagnation?
The influx of institutional investors could indeed lead to a more stable Bitcoin market, mirroring traditional stock indices. This would be a far cry from the explosive, volatile growth Bitcoin has seen in the past. However, this stability might also come at the cost of reduced returns for investors hoping for another Bitcoin boom.
The Long Hodler's Perspective
As a large language model, I can't claim to be a "hodler" (long-term Bitcoin holder). However, historical data suggests that Bitcoin has weathered similar periods of regulation and scrutiny before. The key takeaway is that despite potential manipulation, Bitcoin's underlying technology and its core value proposition as a decentralized currency still hold significant appeal.
The Road Ahead
The future of Bitcoin manipulation hinges on two key factors:
1. Regulatory Strength: Stronger regulations with clear guidelines and robust enforcement mechanisms are crucial to deter future manipulation attempts.
2. Transparency on Exchanges: Exchanges need to be more transparent about their trading practices and address potential conflicts of interest.
Conclusion
Whether Bitcoin morphs into a stable, institutionalized asset or maintains its volatile character remains to be seen. However, the fight against manipulation, regardless of its form, will be critical in ensuring a fair and healthy Bitcoin market for all participants.
Bitcoin halving: Why it’s important for BTC scarcityGood day, traders
The Bitcoin Halving has happened again.
~1st Halving (Nov 2012): BTC price was $12.0. It reached its highest price ever at $1163.
~2nd Halving (July 2016): BTC price was $638.51. Then, it skyrocketed to a new all-time high of $19333.
~3rd Halving (May 2020): BTC price was $8475. It later surged to a new record of $68982.
~4th Halving (April 2024): BTC price is now $63839. What will the new all-time high be?
What's different this time around?
1. A Bitcoin Spot ETF is in play.
2. Big institutions and investors are jumping in.
3. More people are aware of cryptocurrencies.
4. Governments are making new rules for cryptocurrencies.
5. Cryptocurrencies like Bitcoin are being accepted globally.
Let's get to the topic
Bitcoin's halving is a critical event that helps establish Bitcoin's value as a digital asset. It reduces the rate at which new Bitcoins are created, enhancing its scarcity and potentially positioning it as a reliable store of value for the digital era, more fluid than real estate or gold.
In the most recent halving, which occurred at the 840,000th block, the reward for mining a new block dropped from 6.25 BTC to 3.125 BTC. This reduction in mining rewards means that fewer new Bitcoins are entering circulation, making existing Bitcoins more scarce.
Karim Chaib, CEO of crypto platform Dopamine App, explains why this matters:
"Scarcity is a basic economic concept that impacts asset value. By design, Bitcoin becomes scarcer over time due to the halving events, which decrease its supply at a predictable rate."
Bitcoin's halving is built into its code and occurs approximately every four years, or every 210,000 blocks. The first halving was in 2012, when the reward went from 50 BTC to 25 BTC per block. Since then, the reward has halved again in 2016 and 2020, and now stands at 3.125 BTC per block.
This predictable scarcity sets Bitcoin apart from assets like gold, which can become less scarce over time as technology improves mining efficiency. Bitcoin, with its fixed supply limit of 21 million coins, is designed to be immune to inflationary pressures.
In summary, Bitcoin's halving events ensure its scarcity over time, boosting its potential as a valuable digital asset compared to traditional stores of value like gold.
This is just for informational purposes.
Thank you for reading.
Google search trend for BTCWorldwide, 90days, search trend in Google for bitcoin (red arrows). Orange arrows represent " bitcoin use case ", ie the educated investor?
It shows you the mainstream peak euphoria, enthusiasm or fear , usually at market extremes?
Highest search volume coincides with trade volume.
Other indicator for "hype" would be bitcoin hashtag in twitter/X. According to theory - during enthusiasm people would ignore the bad news or events, and only see everything as positive.
This is a contrarian style, which is often the opposite of T.A., ie strong trend can be longterm bad.
Pessimistic or skeptical sentiment is usually good (opposite of mainstream view or mood), or usually it means more money is left at sidelines.
Mastering Fibonacci Retracement :Navigating Bitcoin's VolatilityMastering Fibonacci Retracement :Navigating Bitcoin's Volatility
Navigating the volatile landscape of Bitcoin trading can be a daunting task for both novice and experienced traders alike. However, equipped with the right tools, traders can identify potential support and resistance levels, make informed decisions, and capitalize on market movements. One such tool that has stood the test of time is the Fibonacci retracement tool, a staple in the arsenal of many traders due to its uncanny ability to forecast potential price reversals with remarkable accuracy.
Understanding Fibonacci Retracement
Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. The concept draws from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones (0, 1, 1, 2, 3, 5, 8, 13, 21, and so on). In trading, these numbers are translated into percentage levels that traders use to identify potential reversal points on price charts.
Key Levels to Watch
The most commonly used Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. These percentages represent potential support and resistance levels where the price of an asset like Bitcoin could experience a reversal or consolidation. The 61.8% level, often referred to as the "golden ratio," is particularly noteworthy for its reliability in predicting price movements.
Applying Fibonacci to Bitcoin Trading
When applying Fibonacci retracement levels to Bitcoin's price action, traders often look for significant highs and lows to place their retracement lines. From there, the tool provides a visual representation of potential areas where the price may stall or reverse. For instance, during a downtrend, a retracement to a higher Fibonacci level like 61.8% could indicate a potential area of resistance where traders might consider taking profits or entering short positions.
The Significance of the 78.6% Level
Recent discussions among traders have highlighted the 78.6% retracement level as a crucial point for Bitcoin, suggesting that reaching this level often precedes significant corrections. This phenomenon underscores the importance of Fibonacci levels in anticipating market movements, allowing traders to adjust their strategies accordingly.
Real-world Application
Consider Bitcoin's historic rally and subsequent corrections. Traders have observed that significant pullbacks often align with key Fibonacci levels. For example, during a bullish phase, if Bitcoin's price retraces to the 61.8% or 78.6% levels before bouncing back, this could be seen as a strong signal for trend continuation.
Conclusion
The Fibonacci retracement tool is more than just a mathematical curiosity; it's a reflection of human psychology and market sentiment. By identifying levels where price action may change direction, traders can make more informed decisions, manage risk more effectively, and potentially increase their chances of success in the market.
As with any trading tool, it's important to use Fibonacci retracements in conjunction with other indicators and analysis methods to validate potential trading signals. Remember, no tool can predict market movements with absolute certainty, but by understanding the tendencies and patterns, traders can navigate the Bitcoin market with greater confidence. BINANCE:BTCUSDT BITSTAMP:BTCUSD BINANCE:BTCUSDT.P
Don't forget to check our latest publications
Negative Correlations in Trading: FULL GUIDEEmbarking on a journey in the world of trading demands a profound understanding of market intricacies. One often-overlooked yet powerful aspect is the domain of negative correlations — the intricate dance where the movement of one asset influences another inversely. This guide aims to be your compass in navigating these complex waters, exploring real-world examples, and providing strategies to harness this knowledge for astute and strategic trading.
Section 1: Unraveling the DXY-BTC Dynamic: Understanding Dollar-Bitcoin Connections
1. The Dance of DXY and BTC:
Delve into the intricate relationship between the U.S. Dollar Index (DXY) and Bitcoin.
Grasp the nuances of how a strengthening DXY tends to exert a weakening influence on Bitcoin and vice versa.
2. Leveraging the DXY-BTC Correlation:
Explore scenarios where the correlations of DXY and Bitcoin align.
Discuss long-term trading strategies that arise from discerning the interconnectedness of these two prominent assets.
Section 2: Discorrelation RSI: Decoding Signals Amidst Market Chaos
1. Understanding Discorrelation RSI:
Introduce the concept of discorrelation RSI, where RSI signals diverge from price action.
Emphasize the significance of recognizing when RSI provides a more accurate reflection of market sentiment.
2. Trading Wisdom with RSI Signals:
Analyze real-world examples where RSI forms a higher low while the price chart indicates a lower low.
Illuminate actionable strategies for entering long positions based on RSI signals during instances of price divergence.
Section 3: Structural Manipulation: Navigating Opportunities Amidst Deceptive Markets
1. OP Case Study: Structural Manipulation vs. RSI Insights:
Explore the dynamics of the OP token, where structural lows are seemingly updated on the price chart.
Unveil instances where RSI provides a more accurate representation of market conditions, presenting buying opportunities during purported oversold conditions.
2. Seizing Opportunities in Manipulation:
Discuss the art of discerning manipulation from genuine market conditions.
Explore how negative correlations can guide traders to capitalize on opportunities created by market manipulation.
Section 4: Crafting Your Strategy: Navigating the Complexities of Negative Correlations
1. Building a Trading Plan:
Outline the essential components of a comprehensive trading plan that incorporates insights from negative correlations.
Emphasize the need for adaptability and ongoing analysis to refine trading strategies.
2. Risk Management in Negative Correlation Trading:
Discuss advanced risk management strategies tailored to the nuances of negative correlations.
Highlight the importance of position sizing and the judicious use of stop-loss orders.
Conclusion: Orchestrating Success in Market Dynamics
As you conclude this profound exploration of negative correlations in trading, envision the market as a symphony of interconnected instruments. The ability to recognize and leverage negative correlations adds a powerful melody to your trading strategy. Regularly revisit and refine your approach, staying attuned to evolving market conditions, and use negative correlations as a guiding force in your trading journey.
💡 Deciphering Negative Correlations | 🔄 DXY-BTC Symphony | 📊 RSI Discorrelation Strategies | 🎭 Unmasking Structural Manipulation
💬 Engage in the discourse: Share your experiences in trading based on negative correlations, pose thoughtful questions, and connect with a community dedicated to mastering the dynamic nuances of the market. 🌐✨
Bitcoin: The Future Of MoneyBitcoin, the world's first and most prominent cryptocurrency, has sparked a revolution in the financial landscape, challenging conventional notions of money and paving the way for a decentralized digital economy. Its potential to transform the future of money is undeniable, but its journey towards widespread adoption is still in its early stages.
Decentralized Digital Currency
Bitcoin's core innovation lies in its decentralized nature. Unlike traditional currencies controlled by central banks, Bitcoin operates on a distributed ledger technology called blockchain, where transactions are recorded across a vast network of computers. This eliminates the need for intermediaries like banks, empowering individuals to take control of their finances and fostering greater financial inclusion.
Key Features of Bitcoin
Several characteristics make Bitcoin a compelling alternative to traditional currencies:
Decentralization: Bitcoin is not controlled by any government or institution, reducing the risk of manipulation and promoting financial independence.
Transparency: All Bitcoin transactions are publicly visible on the blockchain, ensuring transparency and accountability.
Security: Bitcoin's cryptographic underpinnings make it highly secure, preventing counterfeiting and double-spending.
Scarcity: Bitcoin's supply is limited to 21 million coins, preventing inflation and maintaining its value over time.
Potential Impact on the Future of Money
Bitcoin's potential to transform the future of money is multifaceted:
Cross-border payments: Bitcoin can facilitate fast, low-cost international transactions, eliminating the barriers and costs associated with traditional remittance systems.
Financial inclusion: Bitcoin can provide financial access to the unbanked and underbanked populations, particularly in developing countries.
Innovation in financial services: Bitcoin can foster the development of new financial services and products, such as decentralized finance (DeFi) and micropayments.
Challenges and Uncertainties
Despite its potential, Bitcoin faces several challenges that could hinder its widespread adoption:
Volatility: Bitcoin's value has historically been highly volatile, making it a risky investment and deterring its use as a daily currency.
Regulation: Governments worldwide are still grappling with how to regulate cryptocurrencies, creating uncertainty for businesses and investors.
Scalability: Bitcoin's transaction processing speed is limited, which could pose a challenge as its usage increases.
Adoption by merchants: The acceptance of Bitcoin as a means of payment is still limited, hindering its practicality for everyday transactions.
Conclusion: A Promising Future
Bitcoin's potential to revolutionize the future of money is evident. Its decentralized nature, security, and transparency offer a compelling alternative to traditional currencies, particularly in areas like cross-border payments and financial inclusion. While challenges such as volatility and regulation remain, Bitcoin's underlying technology and its potential to disrupt the financial landscape make it a force to be reckoned with in the future of money.
Bitcoin's typical weekend activity and "howto" w/Voodoo LevelsVoodoo levels tip: When low volatility is expected (like over the weekend), price on an intraday basis will most likely range between DH1 and DL1 levels.
Exceptions can always happen. But expecting low volatility and mean reversion at the CME open on Sunday is something I continue to bet on.
Enjoy your weekend!
Safeguard Your Investments Against Impending CrisesI write to you with a sense of concern and urgency regarding the current state of global financial markets. As an astute investor, it is crucial to stay ahead of potential crises that could significantly impact your portfolio. In light of this, I would like to draw your attention to two potential scenarios that demand our immediate attention: hyperinflation and a financial crisis.
1. Long Gold for Hyperinflation
2. Long BTC for Financial Crisis
To aid you in making informed investment decisions, I encourage you to calculate the probability of which crisis will hit first. By assessing the likelihood of hyperinflation versus a financial crisis, you can better allocate your resources and tailor your investment strategy accordingly. Consider consulting with your financial advisor or utilizing online tools to analyze historical data, economic indicators, and global trends. This exercise will empower you to make more informed decisions and protect your investments against potential market downturns.
Remember, the key to successful investing lies in proactive decision-making and staying ahead of the curve. By taking action now and diversifying your portfolio with long gold and long BTC positions, you can position yourself to weather any storm that may lie ahead.
In conclusion, I urge you to carefully evaluate the potential risks posed by hyperinflation and a financial crisis. Do not let complacency hinder your ability to protect your investments and secure your financial future. Act now, calculate the probability of each crisis, and make the necessary adjustments to your portfolio.
If you require any further information or assistance in navigating these challenging times, please do not hesitate to comment away below. Together, we can navigate these uncertain waters and emerge stronger.
Wishing you continued success and financial well-being.
Bitcoin Day Trader's Money ZoneThis post contains a great tip for all bitcoin traders. I use it every day for my bitcoin trades.
On the chart you see two green vertical lines. These are drawn from 8:30 AM EST to 11:30 AM EST everyday New York Time.
I call the time between these lines Money Zone, which is where Whales/Institutions/MMs/Whatever set up their day trades.
The yellow Horizontal line is high/low made withing the zone and the yellow vertical line is the end of session.
The red vertical lines are for Saturday where this is not applicable, even Sunday is not applicable since these are weekends and big money don't trade on these days. But for a fair number of Sunday's, this idea holds true in my back testing.
What you should notice is, the high/low made during the money Zone is never breached till the end of the session marked by the yellow vertical line.
I have back tested and marked all the money zones for the past 2+ weeks, but you may not be able to see them all in the post, so I am sharing a live link of my chart below.
www.tradingview.com
What you must do is use your regular TA to determine levels of interest, create setups in advance and wait for the money zone.
Now by this time you should already have a bias to where the price is likely to go next and wait for a counter move/manipulation in the opposite direction and comfortably take the trade and relax for the rest of the day or at least till the end of the session.
This is applicable for other sessions like ASIA or London as well, but I have personally found this to be more accurate for the New York Session.
This is not Financial Advice.
Ninja Talks EP 21: Amiga CD32Yesterday I was playing with my niece in the garden and out pops my dad holding his phone.
"You know that Amiga that I've had for years?" , He said.
"Yeah?" , I replied
"It's going for £250!, How crazy's that?!" , he exclaimed.
I thought to myself (1) I don't care and (2) It's irrelevant information.
But that's the probs with traders too, they focus on nonsense - mindlessly scrolling the ether of the interwebs hoping to randomly crash into a pile of dough (money), but they just end up like Homer Simpson saying "Doh!" after messing up a trade for the umpteenth time.
Not that this conversation is relevant to you, or to me, but I had to turn this unproductive exchange of words into a piece of info that might help someone who's willing to listen.
Listening is just half the battle, the other half is intensive action taking - another foreign concept traders get wrong and why my simple supply and demand strategy works so well, not because it's anything special (Think "simple", it's in the name), but because it gives an actionable routine any tom, dick and harry can repeat week in and week out without compromising too many resources, time and energy while at the same time pulling money out of the market faster than usual.
I should probably call it the lazy way to financial freedom but doing biz with lazy people isn't what I'm after - I want action takers and rule breakers, that's my kind of trader and one I'd happily invest my time and resources into any day of the week.
Last but not least, after I'm done writing this - turning waste into wine - I'm going to be backtesting a variety of supply and demand zones in a king of the hill style match up to see which zones offer up the biggest kills with the biggest profits - I hope you're spending your time wisely too.
See you in the next ep!
Keep your blades sharp.
Nick
EMOTIONAL STATES OF A TRADERHello traders, today we will talk about EMOTIONAL STATES OF A TRADER
#1 Optimism – Everything starts with a positive outlook or a hunch that will lead traders into buying a stock.
#2 Excitement – Things start to move the way we want them to you feel giddy because of it. This is where we start hoping and anticipating that we are possibly making a success story in the stock trading world.
#3 Thrill – The market is continually going in the direction favorable to you. At this point, you are starting to feel that you are too smart. This is the stage where we are fully confident with the trading system that we have.
#4 Euphoria – This is the point where both the maximum financial risk and maximum financial gain are marked. As the investments you made start to turn to easy and quick profits, we simply ignore the risk’s basic concept. At this stage, we start trading at every opportunity we see with the aim of making bucks.
#5 Anxiety – The market starts to turn around. The market is starting to get back your hard-earned gains. However, this is new to us, we still believe with the trend we have seen before and still trade.
#6 Denial – We still think that the market simply does not turn as quickly as we hoped. There must be something wrong is what we keep on believing.
#7 Fear – Reality finally sets in and you now realize that you are not that smart after all. From being confident, you are now confused. We know that we should start getting out with a small profit but we just cannot bring ourselves to move on.
#8 Desperation – At this point, all of your gains are lost. Without knowing what to do, we attempt to do things that will leverage our position again.
#9 Panic – This is the most emotional stage as this is where we are hopeless and clueless. We feel like we lost control and now are left at the mercy of the market.
#10 Capitulation – This is where we reach our braking point and start selling our position for whatever price so as we can get out and lose no more.
#11 Despondency – After our exit, we now view the market as something not for us and we develop a phobia of buying stocks.
#12 Depression – We drink, pray or cry. We think we are so dumb and we start to analyzing where we went wrong. This is where true traders are born.
#13 Hope – We realize that the market has a cycle, which then renews our hope and we believe that we can still do it.
#14 Relief – The market turns positive once again. We are seeing the coming back of our prior investment and we now have our faith in it back.
The cycle will then start all over again and it is up to you how to play it this time.
This chart is just for information
Never stop learning
I would also love to know your charts and views in the comment section.
Thank you
The three most worthwhile potential coins to invest in in 2023Today, I will reveal what I think is the best cryptocurrency portfolio in 2023.I think this portfolio will be the best altcoin in 2023.
1.Arweave (AR)
Arweave is a Blockchain-based decentralized platform that provides a permanent and tamper-proof data storage solution.It was launched in 2017 by a group of developers led by Sam Williams.The platform aims to solve the problem of data persistence by providing a cost-effective permanent data storage solution that is accessible to everyone.
A key feature of Arweave is that it uses a new consensus mechanism called proof of access (PoA).This mechanism is designed to be more energy-efficient than traditional proof-of-work (PoW) or proof-of-stake (PoS) mechanisms, and also allows faster transaction times.The working principle of PoA is to require nodes to prove that they have stored a certain amount of data on the Arweave network in order to participate in the consensus process.
Arweave also has a unique economic model designed to motivate data storage on the network.The platform uses a local cryptocurrency called AR to pay for storage.AR is also used to reward nodes that participate in the consensus process, which helps ensure the security and reliability of the network.As of March 2023, AR has a market capitalization of more than 1.5 billion US dollars.
A significant use case of Arweave is the creation of a decentralized social media platform.Since the data stored on Arweave is permanent and immutable, it provides a feasible alternative to traditional centralized social media platforms that are vulnerable to censorship and data leakage.
In short, Arweave is a blockchain-based platform that provides a cost-effective permanent data storage solution.Its unique consensus mechanism and economic model have helped it gain attention in the blockchain community, and have the potential to revolutionize the way we store and access data in the future.
2.Chainlink (LINK)
Chainlink (LINK) is a decentralized oracle network designed to connect smart contracts to real-world data so that they can interact with the outside world in a safe and reliable way.Launched in 2017, Chainlink has quickly become one of the most popular blockchain projects, with a market capitalization of more than US10 billion as of March 2023.
The idea behind Chainlink is to solve the trust problem in smart contracts.A smart contract is a self-executing program that runs on the blockchain and is designed to be executed automatically when certain conditions are met.However, these conditions are usually based on data outside the blockchain, such as stock prices or weather data.In order to ensure the accuracy and immutability of this data, smart contracts need to rely on oracles.
The oracle is a third-party service that can provide the data required for the execution of smart contracts.However, these oracles can be centralized, which means they are vulnerable to manipulation or attack.Chainlink tries to solve this problem by creating a decentralized oracle network that can provide reliable and secure data for smart contracts.
Chainlink works by connecting smart contracts to multiple nodes in its network.These nodes are operated by independent operators, who are motivated to provide accurate data by earning LINK tokens (the native cryptocurrency of the Chainlink network).When a smart contract needs data, it sends requests to multiple nodes in the network.The node then provides its own data, which is aggregated and verified by the Chainlink protocol to ensure accuracy and consistency.
One of the key features of Chainlink is its ability to provide data from off-chain sources (such as APIs and Web services).This means that smart contracts can be connected to a wide range of data sources, including traditional financial markets, weather services, and social media platforms.
Chainlink is also very popular in the field of decentralized finance (DeFi), it is used to provide reliable and secure price information for various DeFi protocols.This price information is essential to determine the value of various assets and execute transactions in the DeFi ecosystem.
In addition to technical features, Chainlink also has a strong and active community of developers and supporters.The project is led by Sergey Nazarov and Steve Ellis, who have a long history in the field of blockchain and smart contracts.Chainlink has also established partnerships with many large companies, including Google, Oracle, and SWIFT, which has helped increase its visibility and adoption.
In general, Chainlink is a promising project that aims to solve an important problem in the blockchain field.Its decentralized oracle network has the potential to revolutionize the way smart contracts interact with the outside world, and its growing ecosystem of developers and supporters shows that it will continue to be a major player in the blockchain industry in the coming years.
3.Uniswap(UNI)
Uniswap is one of the most popular decentralized exchanges in the cryptocurrency market.Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain, allowing users to trade Ethereum-based tokens without the need for intermediaries or central institutions.It was created by Hayden Adams in November 2018 and has since become one of the most widely used DEX in the cryptocurrency space.
The core of Uniswap is the use of an automatic market maker (AMM) system, which means it relies on a set of algorithms to determine the price of a given asset.This is in stark contrast to traditional centralized exchanges, which usually use order books to match buyers and sellers and determine asset prices.
The Uniswap agreement has two main components: the liquidity pool and the Uniswap token (UNI).The liquidity pool is a place where users can deposit their tokens to provide liquidity to the exchange. In return, they can get a portion of the transaction fees generated by the platform.On the other hand, Uniswap tokens are used for governance and allow holders to vote on important decisions related to the agreement.
As of March 2023, Uniswap has been rated as one of the top decentralized exchanges, and the market capitalization of UNI tokens exceeds US 10 billion, making it one of the top 25 cryptocurrencies by market capitalization.
One of the main advantages of using Uniswap is its decentralized nature, which means that it will not be subject to the same risks as centralized exchanges, such as hacking or government intervention.In addition, since Uniswap is built on the Ethereum blockchain, it benefits from the security and reliability of the Ethereum network.
Having said that, there are also some risks in using Uniswap.For example, the value of tokens held in the liquidity pool may fluctuate significantly depending on market conditions, which may cause liquidity providers to suffer losses.In addition, since Uniswap is a decentralized platform, there is no central authority to supervise the platform, which means that users need to be careful to avoid fraud.
Overall, Uniswap is a powerful and popular decentralized exchange that provides a series of benefits for cryptocurrency traders and investors.However, as with any investment in the cryptocurrency space, it is important to conduct your own research and carefully consider the risks before investing.
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The characteristics and advantages and disadvantages of BitcoinCurrency Features:
Decentralization: Bitcoin is the first distributed virtual currency that is entirely user-driven, without the presence of any central bank. Decentralization ensures the security and freedom of Bitcoin.
Global circulation: Bitcoin can be managed on any computer connected to the Internet. Anyone, anywhere in the world, can mine, purchase, sell, or receive Bitcoin.
Exclusive ownership: Controlling Bitcoin requires a private key, which can be isolated and stored on any storage medium. No one can access it except the user.
Low transaction fees: Bitcoin can be sent out for free, but a transaction fee of about 1 bit cent will be charged for each transaction to ensure faster execution.
No hidden costs: As a means of payment from A to B, Bitcoin does not have complex limits and procedures. Payment can be made as long as the recipient's Bitcoin address is known.
Cross-platform mining: Users can explore the computing power of different hardware on various platforms.
Advantages:
1.Complete decentralization with no issuing agency, and therefore it is impossible to manipulate the issuance of Bitcoin. Its issuance and circulation are achieved through open-source P2P algorithms.
2.Anonymity, tax exemption, and unregulated.
3.Robustness. Bitcoin relies entirely on P2P networks with no issuing center, making it immune to external shutdown. Bitcoin prices may fluctuate and crash, and many governments may declare it illegal, but Bitcoin and its massive P2P network will not disappear.
4.Borderless and cross-border. In cross-border remittances, funds go through layers of foreign exchange control institutions, and transaction records are recorded by multiple parties. However, if Bitcoin is used for transactions, one can directly input the digital address, click the mouse, wait for the P2P network to confirm the transaction, and a large amount of funds will be transferred. There is no need to go through any control institution, nor will any cross-border transaction records be left behind.
5.Difficulty for copycats to survive. Since the Bitcoin algorithm is completely open-source, anyone can download the source code, modify some parameters, and recompile it to create a new P2P currency. However, these copycat currencies are fragile and susceptible to 51% attacks. Anyone who controls 51% of the computing power of a P2P currency network can manipulate transactions and currency values, dealing a devastating blow to the P2P currency. Many copycat currencies die in this stage. The Bitcoin network is robust enough, and the CPU/GPU required to control 51% of the computing power of the Bitcoin network will be astronomical.
Disadvantages of Bitcoin
1.Fragility of trading platforms. While the Bitcoin network is robust, Bitcoin trading platforms are fragile. These platforms are typically websites, which are susceptible to hacking attacks or closure by regulatory authorities.
2.Long transaction confirmation times. When installing a Bitcoin wallet for the first time, it can take a significant amount of time to download historical transaction data blocks. Additionally, when transacting with Bitcoin, some time is needed to confirm the accuracy of the data by interacting with the peer-to-peer network, and the transaction is only considered complete after being confirmed by the entire network.
3.Extreme price volatility. Due to the involvement of numerous speculators, the exchange rate between Bitcoin and fiat currencies is highly volatile, making Bitcoin more suitable for speculation than anonymous transactions.
4.Lack of understanding by the general public, and resistance from traditional finance professionals. While active internet users understand the principles of peer-to-peer networks and recognize that Bitcoin cannot be manipulated or controlled artificially, the general public does not understand it, and many people cannot even distinguish between Bitcoin and Q coins. While the absence of an issuing authority is a benefit of Bitcoin, traditional finance professionals see such a currency as worthless.
How to allocate your funds for profit?
There are no wasted paths in life. All your efforts now either earn experience, knowledge, or wealth. As the Chinese saying goes, "Don't put all your eggs in one basket." This is because if you accidentally drop the basket, all the eggs will break. This principle applies to investment markets as well. It is recommended to avoid concentrating all funds into one type of investment, as it could lead to uncontrollable risk.
So, how can we allocate our funds sensibly?
Here are three investment types to consider:
Cryptocurrencies
After the emergence of countless "get-rich-quick" stories in the cryptocurrency market, many people have flocked to invest. However, the reality is that the market is merciless and risky. Only those who are strategic and opportunistic can make a profit. It is recommended to invest 10% of your funds into the market for a coin with a lower price point, and hold it for the long-term. If the value increases, your assets will expand infinitely. If it fails, you won't lose everything.
Forex Market
To participate in the forex market, choose currency pairs with lower liquidity, such as EURUSD, USDJPY, and GBPUSD. When these products show good buying opportunities, it is recommended to invest 50% of your funds into the market. The fluctuation of currency pairs is relatively small, making it a stable option for long-term trading. However, it requires a certain amount of capital accumulation to see profits.
Futures Market
In this market, let's focus on XAUUSD. This product has storage value internationally, making it suitable for trading. However, due to its sensitivity to news and geopolitical events, it can experience severe fluctuations. It is recommended to invest 20% of your funds into the market for short-term operations. Trading once or twice a day to gain short-term profits is the suggested approach.
The remaining 20% of your funds can be used for your daily expenses. Trading is not gambling. It is important to learn how to plan within your capabilities, manage your finances wisely, and make trading easier.
I have extensive knowledge in cryptocurrencies, forex, stocks, gold, and crude oil futures products. I will continue to update my daily operation strategies. Thank you for your attention and likes. If you have any questions, please feel free to leave a message. I will provide the most reliable advice to help you.
BITCOIN EXCHANGE RESERVE 📉📉📉📉 WHY I AM BULLISH ON BITCOIN FROM A FUNDAMENTAL-MACRO PERSPECTIVE ?
✅ Exchange reserve is a collective measure of potential coins that are ready to be sold in the market.
Exchange Reserve is the accumulated result of Exchange In/Outflow & Netflow which naturally follows the indications that in/outflow has. Similar to Exchange NetFlow's interpretation, an increasing trend in netflow indicates the selling pressure and the decreasing trend indicates the buying pressure.
However, instead of Exchange In/Outflow & Netflow indicating the specific moment or period, Exchange Reserve is easy to track the result of the entire period's movements
✅ It indicates the degree of accumulated selling pressure in the exchange
High : High selling pressure
A large number of coins are staying in the exchange to be traded indicating high selling pressure
Low : Low selling pressure
A Small number of coins are staying in the exchange to be traded indicating low selling pressure
✅ It shows the changing status in scarcity
Increasing trend: Decreasing scarcity -Bearish
More coins are available in the exchange indicating decreasing scarcity of coins that are being traded which supports bearish movement
Decreasing trend: Increasing scarcity - Bullish
Fewer coins are available in the exchange indicating increasing scarcity of coins that are being traded which supports bullish movement
Bitcoin got rejection around .618 Fibonacci level BTCUSD
Got rejected around .618 Fibonacci level.Is this rejection will hold the bull market.Before that we can see
minor double top pattern. The fear and greed index for BTC is still below the 15 level.As Fibonacci principle
Our primary bullish target would be 42400.00 which is 1.272 level
BITCOIN Fibonacci So the impulse move acts as if it's taking a big breath in, and then the retracement is the breath out. This collection of impulses and retracements then leads to higher highs etc.. all being formed, creating our trend. In this case it is the retracements we are concerned with, and Fibonacci is a tool used to figure out areas in the market where price may stall or retrace to before continuing its course. It can be seen as a sort of support and resistance. It is based on 'the golden numbers' that are seen in all of the universe, not just in forex. These numbers are ranging from 0-1; 0, 0.236, 0.382, 0.5, 0.618, 0.786,1. So we are looking for a key level at which we think price will reach before continuing a new impulse.
Fib is a pretty simple tool to apply to your chart. Depending on what way the market is trending, will depend on where you drag your tool from. So If we are in an uptrend like above, are are going to drag our fib tool from one Low to the next High.
So when you drag the tool, the fib levels will appear. Now we don't know what level it will definitely bounce off of, but it gives us a clue as to the likely possibilities. Certain currency pairs will favour certain levels. You may find that the 61.8 and the 78.6 levels are good places to look, and currencies will favour these to rebound off more so than the other numbers. An institutional level is the 79.0 level and is not found on a normal default Fibonacci. You can edit the numbers in your fib by selecting settings and adding in the 79.0. This can give really accurate entries if used correctly along with other confirmations.
INSTITUTIONAL -
institutional is a style in which the banks and market makers trade.
I learn a lot from my mentor!
WHAT DID YOU LEARN FROM DOTCOM BUBBLE ? BTCINVESTMENT VERSUSES SPECULATION
What is an investor?
An investment operation is one which upon thorough analysis promises safety of principle and an adequate return. Operations not meeting these requirements are speculative.
The DOTCOM bubble started around 1997, peaked around 2000 and ultimately burst in 2002. The bubble revolved around speculative investment in internet companies. In that time investors were so excited about new tech that they invested in almost any tech company without even caring if that company is profitable or not. COMMONSENSE BEGAN RARITY. After the bubble burst only some companies survived example amazon.com.
THE CONCLUSION IS SIMPLE: THE DOTCOM BUBBLE IS A FACINATING HUMAN NATURE LESSON.
Every nonprofessional who buys a “hot” common stock issue, or make purchase in any way similar thereto, is either speculating or gambling. Speculation is always fascinating, and it can be a lot fun while you are ahead of game. If you want to try your luck at it, put aside a portion, the smaller the better.
So what I am trying to say is, if you understand bitcoin by core, you know how it works, how it’s made, what are it’s competitors, is the price too high for me to buy, why it has any value and why this value will keep growing then you are an investor, however if you are buying or selling it because others are doing then it’s pure gambling.
As Warren buffet Says: www.youtube.com
“Stay away from it”
From my point of view, I will not invest in bitcoin as I do not understand it and I do not want to be a speculator. I find MCD a better investment for long term than BTC.
References: An intelligent investor Benjamin graham www.booktopia.com.au