Deeper Network DPR Bearish NewsDeeper Network DPR Crypto has to much bearish news and distrust from the mining community for people to purchase DPR. First Bearish news Sept 6th invest payback then on Dec. 1st Genesis miners will start to unstake and move on from the project to look for the next new project to get into. I don't see the coin price starting to stabilize until at least June 2023 or longer.
Bearish News: AMA on Twitter 8/18/2022 it was announced that on Dec. 1, 2022 all the original 2000 Genesis Node Miners on Ter8 will go from mining 1,153 DPR per day (when the price was around $15cents) to mine 65 DPR per day with the price now .02cents. All current DPR staking will be given back over 3 months from Dec 2022 to March 2023. Deeper will now only accept USDC as staking now and as currently for all future aspects of the company moving forward. After this new broke the mining community was in an uproar. So they changed it tobe a halving first (Which means you will earn the lowest rewards percentage of all the mining, then they will kick everyone out and drop the staking amount by 80% less. This is to force every one to add more Nodes onto the system to try to get a similar return. But because the miners were lied to, it is not likely the existing miners will purchase more equipment from Deeper. But just to keep what they have. The miners will likely hold there DPR untill it at least gets to .05cents or higher. At the moment Deeper wants to Mine about 3,500,000 Deeper Chain DPR per day which would equal to about 43DPR per Node if it was maxed out with 80,000 nodes.
Bearish News: Aug. 5 & 6, 2022 Deeper Network has turned down an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors. The reason from Deeper Network "Cheryl, Russell and I ( Eric ) seriously considered attending the gathering but decided it was best to focus on exchange listings, research & development, and new product deadlines instead." This is the worst mistake they could of made during this bearish time period.
Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 8 months, investors getting Deeper Chain DPR returned to them who bought in at .006cents to .02cents. Deeper is only allowing 750,000 DPR total perday from the miners and the invests to go over the bridge from Deeper Chain to the other two chains to get to an exchange and to sell. Some of the people have set up computer programs to keep dumping coins over the bridge first so they do not get locked out when the daily total of 750,000 is hit. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time (estimated 40% returned), there is an estimated amount of 2 to 4 Million Deeper Chain DPR being released each day to their investors for the next 8 months starting in September 2022 thru May 2023. Will Deeper fully open the bridge or will they try to control their investors cash out for a second time, well see what happens…….. How will the miners plan for this apocalyptic scenario of no longer being able to move Deeper Chain DPR across the bridge to get it on an exchange to pay for their expenses? I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live.
-Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
- Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA) I don't foresee them giving the governance to the community within the next year or so because they like to be able to have fully control without have to wait for voting approvals, because the programing is far from being perfect..............
- 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
-Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period.
-Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet
- Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, 1% of Transactions going into the wallet are Burned, this is confirmed)
- Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support)
-10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors
-Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
- Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????, also would they not also be able to see your banking information then...), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds……
Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, the network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for organically. This has been confirmed.
-Company Info:
-Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction)
-Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything.
-Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara , California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Even from there past video of this office location you can tell it was just a temp location as if it was like one of those rent a cubical to work at temporary location.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand) (Working only part time now, another one of the upper ranks with one foot out the door, I believe the next person will be #3+ for this job title next)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
Mining
Fresnillo: Attention SeekerBulls and bears are currently both angling for Fresnillo’s attention. We still expect the bears to win, though. They should grab Fresnillo and take it below the support at GBP 456.60, pulling it into the turquoise zone between GBP 473.60 and GBP 250 to finish wave v in magenta as well as wave Z in turquoise and wave (2) in yellow. However, there is indeed a 32% chance that the bulls could be victorious instead and push Fresnillo above the resistance at GBP 997.60, thus eliciting further ascent above GBP 1379.
$ARBK Long + Bitcoin + PivotI have been bullish on Bitcoin for a long time and have posted a ton of charts on here regarding the bilateral trades with Bitcoin miners so this is part of that work.
$ARBK , $BTCM , $MARA are the main longs I am in and building positions right now.. the main reason is these mining companies are currently mining under $5,000 per Bitcoin so even if Bitcoin falls to $9800 which is likely in a capitulation dump (IF)
These 3 miners have strong balance sheets, low cost to capital, and are extremely under valued due to earnings and tradfi not understanding the trade. (exclusion there is Mara... they have not sold any Bitcoin so they have the biggest exposure to a dump)
This long is simple... I believe the fed will pivot before 3.0001% and any higher than that we will see a real crash which will never happen for midterms.
Under the long term moving averages and I am wrong on my timing.. and I will take the L then look for reentry
Agnico Eagle Mines: Keep Your Eyes on the Ball! 👀This is what we tell the bears currently busy with Agnico. Our furry friends shouldn’t let themselves get distracted by the little countermovement, but should rather continue to focus on our primary scenario – just as they have been doing so admirably lately. Thus, we expect the stock price to resume the descent and to fall below the next support at $31.03. However, there remains a 30% chance that Agnico could develop massive upwards momentum and rise above the resistance at $74.50. In that case, the stock price should gain even more drive and cross the next resistance at $89.16 as well.
$BTC Daily TF : 🔴 PLEASE READ THE CAPTION 🟢By examining the daily and weekly chart of Bitcoin (the weekly chart is mentioned to this chart) , we can see that the price reacted negatively after reaching the High of The Month (the highest price recorded in JULY ) and started to correct, currently the most important price resistance is the range of $24,300 to $24,650 is , so if the weekly and monthly price candle can close above this price, we can expect growth up to the target of $26,800! Currently, the price is trading in the range of $24,000! The next scenario, which I also expect, is correction to the range of $20,700 to $21,400. If we see a positive reaction, we can enter a long position in this range! The guys who are looking for sell positions can enter the trade with the target of $21,400 when they see the signal within the resistance range that I told them! So my main and primary scenario is the drop to the mentioned range!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.01.2022
⚠️(DYOR)
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The $BTC rally is gaining traction and hitting key levelsI am still bullish on Bitcoin very long term, but in the short run, things are slightly uncertain but starting to look rosier. The bulls seem to be taking control now with BTCUSD now making higher highs and higher lows. It appears that the momentum has switched to the upside as the 20-day moving average has crossed up through the 50-day moving average; indicating a potential change in trend. It has also just reached its .236 fib level at 24,261.96 and has been fighting it.
BTCUSD appears to now be at a decision point with 3 choices:
1) Hold & break .236 Fib level and truly establish an uptrend
2) Build a big base with a lot of accumulation at the .236 Fib level as bulls and bears duke it out (setting up for a very large directional move, direction unknown)
3) Lose hold of the .236 Fib level and head lower showing bears still have some control/fight left
The previous battleground was the .382 Fib level which is 29,625.82 on bitcoin. The new battleground/key level as previously stated is the .236 Fib level, 24,261.96.
Once bitcoin breaks through the .236 Fib level, I believe it will hit my shorter-term price target of 30k.
$MAYwatching for a push above the breakout line for entry signal,
Green box is the target if we get entry signal.
currently backtesting the low for that "daily range" that sent the market lower into the 1 month consolidation.
A push above the ema's and into 95-96 price range will be but signal.. lets see.
FYI a lot of news coming from the US this month so got to be cautious.
$BTCM great risk to reward ratio 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: My team took profit and ran away with a 34% gain from $BTCM just a few weeks ago. Price has dropped significantly since then and looks ready to pop.
My team entered Bitcoin Mining Company $BTCM today at $.67 cent per share. Our first take profit is $1. We also have a stop loss set at $.615.
This company is a standout from other Bitcoin mining companies. It doesn't exactly trade the same as the others due to China relations, but with investors now eyeing investments overseas this could become a goldmine soon.
OUR ENTRY: $.67
FIRST TAKE PROFIT: $1
STOP LOSS: $.615
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Pan American Silver: Exciting!The tension is building! Pan American Silver is getting closer to the middle of the blue zone between $21.88 and $13.94, where it should ideally complete wave (ii) in blue. As soon as this is done, Pan American Silver should turn around and move upwards, heading for the resistance at $40.11. A 38% chance remains, though, that the price could drop through the blue zone and below the support at $10.61, thus initiating further descent below the next support at $5.38.
Blockware Intelligence NewsletterBlockware Intelligence Newsletter Summary (for week 7/4 - 7/8):
The equity indexes have seen a strong bounce this week, much of which has stemmed from short-covering as we can see with QQQ’s Aggregate Short-Interest.
While it’s certainly possible that this is the market’s bottom, there are a few areas close overhead that could turn into resistance in the coming sessions.
Fixed-income securities began to sell off again this week and the 2/10Y yield spread flipped negative for the second time in 2022.
The Atlanta Fed has continued to lower their Q2 GDP estimate and it now sits at -1.9%. As discussed last week, unemployment data does not back the thesis that the US is currently in a recession.
Bitcoin is 31 days into a miner capitulation according to the hash ribbon metric. The end of a miner capitulation historically marks a bear market bottom.
Updated: Miner Network Breakeven Distribution Table and Chart
Mining difficulty is trending down, but not at the same pace as the China mining ban which was unprecedented.
GDXJ: Excellent!GDXJ is still acting squarely in accordance with our expectations and has advanced into the magenta zone between $37.26 and $24.77, where it should soon finish wave ii in magenta. Afterwards, GDXJ should turn upwards, crossing $36.58 and heading for the resistance at $51.92. There remains a 30% chance, though, that the ETF could fall through the magenta zone and below the support at $19.52, thus activating further descent.
ETH 30M : A trade Position is blinkingEth in 30M time frame has a perfect potential for both buy & sell positions ; Buy after the pullback if the bearish trendline is broken or sell after the pullback if the static support is broken. Let's see
What is your idea ?
share your idea , and if you have any questions feel free to ask me in comments .
thanks for following me
First Majestic: Should I Stay Or Should I Go?“Darling, you’ve got to let me know – should I stay or should I go?”
This song by The Clash seems to be sounding in the background while First Majestic is thinking. As it has already reached the ideal target point for wave 2 in turquoise, the share price could directly go upwards now, rising above the resistance at $19.41. Likewise, it could stay to finish wave 2 in turquoise a bit deeper in the turquoise zone between $12.36 and $6.89. However, there is also a 45% chance that First Majestic could drop below the support line at $5.30, thus activating further descent.
Ethereum we have been here beforeThis idea is based on a crypto winter of approximately 12-months. There are all kinds of real possibilities and many depend upon a 4-year in the works upgrade to remove mining and replace it with proof of stake. Many are still invested in this software project and have steady diamond hands at the moment.
Assuming the winter is only a few more months is short-sighted. The US financial markets are in a long-term downward trend and do not look to be recovering until 4th quarter or 1st/2nd of 2023.
The crypto markets have a long way to fall from here, I don't see Bitcoin suffering as much of a flush but it will all be down until the longterm trend is bucked.
FIRST MAJESTIC SILVER - PRESSURE BUILDINGThis is a weekly chart of AG, First Majestic Silver Corp. I like to call this pattern a giant compression wedge - it's just a simple descending triangle. But considering this is on the weekly timeframe, it's a mammoth-sized wedge. I like the pattern but I really like the company. I'll try to focus on the technical analysis, but First Majestic looks incredibly well positioned for what's unfolding in the metals market. They have their ducks in a row.
If you follow my ideas, then you'll know how I feel about precious metals. I believe we're facing a perfect storm that will propel precious metals & miners to incredible levels. The monetary circus, supply & demand, inflation, gold:silver ratio, and the commodity cycle are just a few of the ingredients in the recipe.
I'm torn about direction. Equities, the dollar, precious metals, and the miners are in a pivotal place. The dollar looks like it's trying to find a bottom. It's possible that the metals, miners, and equities get pushed down hard again.. potentially another crash. Having another crash in equities, metals, miners, etc.. would be my preferred path because I suspect that it wouldn't last long.. Inflation is coming but don't rule out another deflationary hiccup. I like to buy stuff cheap and so I'll be thrilled to have another discount. Watch the dollar. I think we're going to know soon.. and watch First Majestic. It would be incredible to have it tag (E) of this wedge. The measured move of this pattern is somewhere around 39-40 but a move from $4.00 to 40 is a 10x compared to the 2x it is from current prices.
$BTC/USD 1M (#Index) Ascending trendine on supportBitcoin is pulling back to 50MA (monthly) where a bounce would make sense like it happened in 2018 and 2015 as well!
RSI looks very bottomed (new ATL) and this seems enough to buy Low in order to sell High later this year, or at the beginning of the next one.
But first comes the boring part for 5-6 months of ranging and choppy moves, better be very patient..
Current Price= 22006.84
Buy Entry= 22000 - 18881
Take Profit= 52825
Expected Profit= +158%
Fib. Retracement= 0.786
Margin Leverage= 1x
Estimated Gain-time= 9 months
Tags: #BTC #BTCUSD #XBT #WBTC #BTCB #Blockchain #PoW #Mining #Satoshi
Website: bitcoin.org
Contracts:
#Mainnet
#ERC20 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
#BEP20 0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c
#BEP2 BTCB-1DE
Vox Royalty to test C$2.15 $VOX $VOXCFWhen the TSX asks you to explain why there was a pick up in volume after you hired a known "pump and dump" firm, you have to wonder how that is going to reflect on the company.
Different message boards are full of investors or potential investors posting articles and youtube clips which describe the nefarious goings-on of the National Inflation Association (NIA), who Vox has agreed to pay $100k for a year's worth of promotion.
One damning article explains who NIA are:
National Inflation Association runs a website called inflation.us. According to their website they claim they are an organization dedicated to preparing Americans for hyperinflation and helping Americans survive and prosper in the upcoming hyperinflationary crisis. They try to create the image of legitimacy and professionalism. However, the site is actually set up as a type pump and dump operation. National Inflation Association typically recommends microcap stocks that trade on the NASDAQ with a low float. They will typically own a large position in a stock they are recommending and send out thousands of emails to their subscribers urging them to buy the stock they are recommending.
The National Inflation Association gained a huge following through a variety of their YouTube videos. The National Inflation Association is run mainly by two stock promoters: Gerard Adams and Jonathan Lebed.
Both of these guys run other websites where they get compensated thousands of dollars for profiling small companies and sending emails to investors urging investors to buy shares in it.
Gerard Adams operates the website WallStreetGrand(dot)com, an investor relations/stock promotion website that sends out stock alerts on penny stocks. Jonathan Lebed also runs his own stock promotion site lebed(dot)biz. Lebed gained national attention back in 2001 when the SEC accused him of fraudulently manipulating stocks in a pump and dump scheme when he was in his teens.
Vox Royalty Corp. has been on a promotional tour, meeting and greeting anyone who attended one of the many mining and investing conferences. They have also been using promoters like Crux Investor, Rich TV, Liberty & Finance, Ellis Martin and Proactive Investor.
Every time the Vox Corp. media machine went to work, the share price would stumble and fall. With many private investors are frustrated at the lack of dividends or value left over for PIs. "The recent deal probably makes economic sense for Vox, especially with the price calculated for the Vox shares issued in the payment but not sure how the market will appreciate their revenue mix with a significant percentage of revenue coming from 2 iron ore projects. Like the company more than I did yesterday but will watch from the sidelines for now. A little taken back by the 20% option plan, RSU's and PSU's seems excessive to me. Most companies are run with a 10% option plan. This management team does not leave much for the shareholders."
Looking at the sentiment of the PI's this stock is on its way lower.
Technically, the close below 61.8% from the lows of C$2.15 to the most recent significant high, now looks more likely that momentum is going to also drag this share price lower. Possibly below the C$2.15 level.
As much as I was hoping to see this share price rising based on the royalties and acquisitions over the next year or so, I am not going to pretend that fundamentals are going to beat sentiment and momentum. May be there will be a place lower to buy where the risks are a lot lower.
Freeport McMoran Strong Future PositionFreeport-McMoRan's relatively strong position
significant producing assets in the U.S.
and Indonesia and expansion opportunities
puts it in a somewhat stronger position. In short,
the outlook for copper prices is good
They are forecasting steady annual sales growth.
2023 is expected to be an even stronger year than 2022, and
2024 is expected to be weaker but still stronger than 2021.
This provides a runway for significant sales improvement
for the company and continuous income for the company in the upcoming years
Agnico: On Track!Despite smaller counter movements, Agnico continues to follow our primary scenario. We expect it to fall below the support line at $45.42, which should confirm further descent below the next support at $31.03. However, there is a 32% chance that Agnico could chose the other direction and cross the resistance at $74.50, thus reinforcing upwards movement above the next resistance at $89.16.
An amazing story unfolding for ERGO as one of the best POW coinsIn comparing to BTC you can see that Ergo is holding it's ground far better at the moment.
No coin is without it's history, in the case of Ergo I believe there was a pre-mine but the coin has stood strong among POW coins and is currently one of the most profitable to mine.
If you have a rack of 3060ti's there is more money in pool mining ERG right now than mining ETH.
In addition ERG is less heat producing, is early in it's lifecycle and could be the next top Alt going into what will promise to be a bountiful Bull run in the next 18-24 months.
Overall I am neutral right now, the coin should hold steady just below $2 for some time and then enjoy a quite nice run as it becomes the next Ethereum.