Bitcoin Is Going To Zero
Many analysts have been arguing about the market movement and how Bitcoin is being projected to move up and hit $100k. Only few claims and most just agree. But little do they know that more of these analysts claim Bitcoin is going on a downward slide by 2022 and could practically pop like a bubble and go to zero.
The thing is, these analysts claim that there has been a bubble left unchecked for ~~months~~ years now and it keeps getting bigger, as more altcoin keeps surfacing Web3 blockchain.
As of the moment of writing, there are over 12,170 in existence. New tokens are popping up all the time—each with a different use case, backstory, devs. etc. And the SEC left 99% of these altcoins unregulated—still, they claim to protect the safety and investments of the American people. Which is kind of ironic that they let scam coins and rugpulls take the money of some, as long theirs are safe.
Now, how do we really know if there is an existing bubble? As a simple trader and investor, we can't. But if you'll look at the bigger picture and examine everything, you might just see what you're trying to look at.
Whether Bitcoin is going to zero or not, I believe that some claims of these analysts are not so impossible at all. We might want to dive unto things and read everything about the current market. Remember, only few survived the 2008 crash.
****The bubble exists, but it doesn't show itself to those who are blinded by the current racket in the cryptomarket.****
**Whatever you do, you are in charge of every investment that you take. Good luck, fellow trader.**
What I've been doing lately
I deleted most of my works in this account before I went to hiatus. Today, I am officially coming back, stronger and a better writer than I am months ago.
Writing has always been my only medium. Nobody really understands me when I talk. Even I cannot understand myself at times. Just imagine the struggle when I have to explain myself to people when I can't even understand myself.
I picked up some skills, interests, hobbies, and went back to some during my hiatus. I've learned lots of things I am eager to share with people who's reading my contents (though I have no readers at the moment haha).
There are two major interests/skills I've learned/picked so far. But these have more layers to it than common skills people learn, so I'm a bit of a 'person that wears many hats' now.
**COPYWRITING**
This one is like an onion. It has so many layers... and it made me cry. (mostly because it has too many things to learn and I want to know about all of them)
**UI/UX DESIGN**
This is one of the skills I've been trying to learn more about so far. The only thing that's stopping me is I get distracted easily that I tend to procrastinate learning the softwares I am using at the moment—Adobe XD & Figma.
***Copywriting*** is really exciting to learn about. Everything I've read and watched about is new to me. It made me feel a rush everytime I learn something different everyday.
It's great to know more about how writers are able to use words and make people buy things like the price is nothing. This may be a good thing to learn for people who wants to create or start a business in the future. Also, Copywriting is a skill that pays lots of money too (ain't that what most writers want? haha)
As I've said, Copywriting has many layers. You'd blow your mind when you learn that there are lots of kinds of copywriting that is existing in the market. Lots of them are probably used to persuade you to do something or ***buy*** something.
Types of Copywriting I've learned so far:
****Landing Page Copywriting****
Landing pages are commonly mistaken as same as the Homepage of a website. Landing pages though have a specific task and purpose but it depends on what type of website it is made for.
****Email Marketing Sequence for Abandoned Carts****
This email marketing sequence is best for e-commerce stores who has trouble converting their website visitors into paying customers and make them their repeating customers. Most business owners has no idea how much money they can make by sending people emails about their carts.
****Cold Email Outreach****
I know what you're thinking... "What's the difference between cold email outreach and email marketing? Isn't it a bit redundant?" I agree though, it is indeed redundant. But the goals of the two are bit different.
Email Marketing aims to connect with clients/prospects that are already aware of your service/business' existence while cold email is like introducing yourself to total strangers through email. Cold email outreach is one of the most underrated type of email for business owners but it converts really good and can up your sales into 50-80% more when done correctly.
****Facebook & Google Ad Copy****
Believe it or not, even ads has copywriting put into it. Because if they don't, people shouldn't be clicking ads that leads them to website landing pages.
****Webpage Copy****
Website copywriting is different than writing Landing Pages. Website copies are made/written to optimize its capacity and turn it into sub-pages of the Landing page. Its aim is to convert like the landing page but in a more subtle way.
I also happen to join a facebook group that helps people learn copywriting for free and help them get clients and close up to 5 digits deal in USD and earn up to 7 digits USD monthly.
However, my progress with UX Design is slow. So far, I've taken the first of seven courses that I've applied financial aid for. I will soon create projects and start designing.
Anyway, I am looking for people who would want to invest in a magazine website. I am launching a startup soon and I can multiply your investment money up to 5x and give you ownership up to 3% of shares. Hit me up if you're interested.
Nanyang Technological University Scholarships for International Students
Brief Intro
Singapore’s foreign education system brings students all around the world and facilities of research on innovation and students with academic excellence. International students experience excellent education, alongside the existing diverse community of students in Singapore. These students develop self-competence that assists them to be good professionals being in such an environment.
Nanyang Technological University ranks as overall first among the top young universities in the world. NTU Singapore ranked 11th in the world and claims the third spot in Asia in the recent QS World University Rankings of 2020. NTU Singapore (Nanyang Technological University) has 33,000 undergraduate and postgraduate students.
They award the Nanyang Scholarship in Singapore to highly skilled and excellent students who want to pursue their dream courses. They provide lots of scholarships open for all International students at the Nanyang Technological University.
Nanyang Undergraduate Scholarship
All Nanyang Undergraduate Scholarships in Singapore are fully funded, and international students are welcome to come and study to work on their innovative ideas
All International students will have the freedom to explore the rich culture of Singapore and Singaporeans, experience high-quality and excellent education systems in Singapore, and make friends around the world.
SCHOLARSHIPS OFFERED TO INTERNATIONAL GRADUATE STUDENTS:
***- NTU-University Scholars Programme (NTU-USP)***
***- Nanyang Scholarship (CN Yang Scholars Programme)***
What are the benefits of the NTU-University Scholars Programme?
Fully funded tuition fee (after Tuition Grant)
S$6,500 as a living allowance per academic year provided
S$2,000 as an accommodation allowance per academic year provided
Up to S$5,000 grant for travel allowance provided
What are the benefits of the Nanyang Scholarship CN Yang Scholars Programme?
Fully funded tuition fee (after Tuition Grant)
S$6,500 as a living allowance per academic year is provided
S$2,000 as an accommodation allowance per academic year is provided
Up to S$5,000 grant for travel allowance is provided
Up to $1,750 as a computer allowance is provided
NTU laid out the requisites or guidelines for international students who aspire to be part of their scholarship programs. Those who meet the requisites may submit their application.
ELIGIBILITY CRITERIA FOR NANYANG UNDERGRADUATE SCHOLARSHIP ARE:
Open to all international undergraduate students
Must take a full-time undergraduate program at the University
Required to take extra-curricular activities
Must have great potential for their leadership qualities and skills
Singapore-Cambridge GCE “A” Level, Diploma awarded by a polytechnic in Singapore, NUS High School Diploma, IB Diploma, or 12 years of equivalent education
English Language proficiency certificate (TOEFL, IELTS, ACT, PTE, SAT, GSAT, CSAT, AST, or CAE)
Minimum subject requirements (varies per degree)
Don’t have any other scholarships, university loans, fellowship, grants, or awards
NTU directs the applicants to apply for university admission before they apply for the scholarship. The application link for the scholarship where interested international student candidates can opt-in for the scholarship will be provided.
Nanyang Graduate Scholarships
Nanyang Technological University is offering different scholarships for master's and doctoral programs. These NTU scholarships are designed for outstanding and highly motivated students to be part of the leading center of research at Nanyang Technological University.
SCHOLARSHIPS OFFERED TO INTERNATIONAL GRADUATE STUDENTS:
- Nanyang President’s Graduate Scholarship (NPGS)
- NTU Research Scholarship
- Singapore International Graduate Award (SINGA)
NANYANG PRESIDENT’S GRADUATE SCHOLARSHIP
S$3,100 Monthly stipend
S$4,000 Conference allowance per financial year (From April of the previous year to March of the current year)
$1,500 as IT allowance (One-time)
$500 as journal subscription or book purchase (Annually)
$600 as Thesis allowance (One-time; They disburse this in the final year of renewal for scholarship)
International students must fulfill teaching/laboratory supervision duties.
ELIGIBILITY CRITERIA OF NANYANG PRESIDENT’S GRADUATE SCHOLARSHIP:
* Open to all international graduate students
* Must be a holder of Bachelor’s Degree or equivalent degree if applying for a master’s degree (leading to a Ph.D. program)
* Must be a holder of a Master’s degree if applying for a Ph.D. program
* Must be medically fit
There are documents required to be submitted by the applicants, such as
● One recently scanned photograph
● Scanned copy of their passport
● Scanned copy of their English Language Proficiency Certificate
● Research Proposal
● Resume
NTU RESEARCH SCHOLARSHIPS
International students can receive up to S$2,200 (for Ph.D. candidates) or S$1,900 (for Master’s candidates) along with the full tuition fee waiver included.
ELIGIBILITY CRITERIA OF NTU RESEARCH SCHOLARSHIP:
Open to all the international graduate students
The candidate must hold Bachelor’s degree or equivalent degree if applying for a Master’s degree
The candidate must hold a Master’s degree or equivalent degree if applying for a Ph.D. degree
The candidate must be medically fit
The candidate must be a full-time student
The candidate must not have any other award from another program, fellowship, allowance, or paid employment
International students must fulfill teaching/laboratory supervision duties. Scholars that passed the Qualification Exam may be eligible for an additional $500 monthly stipend, alongside the annual tuition fee that is already covered by NTU.
Nanyang Technological University encourages all candidates to apply online. The candidate may apply for the scholarship while applying for their university admission.
SINGAPORE INTERNATIONAL GRADUATE AWARD (SINGA)
Tuition fee waiver
S$2,000 monthly stipend (increase to S$2,500 if the candidate passes the Qualifying Examination)
Up to S$1,500 as Airfare grant (One-time)
S$1,000 as Settling-In allowance (One-Time)
ELIGIBILITY CRITERIA OF SINGA SCHOLARSHIP:
Open to all the international graduate students
You must hold a passion for research
You must have proficient writing skills and conversational fluency in the English Language
There is a list of documents to be submitted by the applicants, such as
Passport scanned copy
A passport-sized photo
Transcript records of their Bachelor’s Degree, Degree Certificate, or letter of certification
Transcript records of their Master’s Degree, Degree Certificate, or letter of certification
Two recommendation letters
All the interested International Undergraduate and Graduate students that passed all the requisites in their respective programs may directly apply to Nanyang Technological University's website. Ready all the documents prior to application.
***
This is an article I wrote as a writing task.
Cryptocurrency Trading For Beginners
While most started to become curious about investing and start trading cryptocurrency, the existing crypto exchanges nowadays aren't that friendly to beginners. Even though they try to give investment advice to new crypto traders, it is not enough for them to learn how to invest and trade properly.
Money is not something that grows out of the tree. Most people are informed about how stocks work. There are stock investors everywhere. But the idea of stocks and how to trade cryptocurrency is very different from one another.
Social media platforms usually display personalized ads from crypto trader influencers who aren't much of help too, because all they care about is create and sell their "trading experience" to these beginners. Some traders notice these basic ads of hype traders and try to call them out but people would only defend them which is pretty annoying to deal with.
Needless to say, the demand for pages and accounts focused on teaching beginners is growing. Which is the reason why I wrote this article. I want to create a page that will be focused on teaching new cryptocurrency traders to start investing and start trading cryptocurrency the right way.
First and foremost, I am not someone who would ask you to put money on my savings accounts or tell you to give me payment for this. This is written and shared for free. I aim to generate audience insights and know more about what they want to learn about investing and trading.
Before you come at me, all the information I put here is a product of research. I have no affiliations with the companies and crypto exchangers mentioned.
As most people do, new crypto traders are asking questions about how the security of data that they store on exchangers. I personally suggest not to worry if you have read the Terms and Conditions and Privacy Policy terms of the exchanger you'd put your personal data to. Access is given to most traders that have blockchain accounts.
As a crypto trader, you have to know that your account should only be accessible to you. Do not give access to other people if you don't want to lose your money.
Now, let me first introduce to you the idea of cryptocurrency.
What is a cryptocurrency?
***Cryptocurrency*** is a digital asset or digital currency. Though digital it has value per coin, the same as paper money, or "cash" as we call it.
Like cash, you can use crypto as a medium to trade with products and services globally which isn't limited to online sites. You can also use it to pay for your food at shops you go to, or people who drive your Uber.
Cryptocurrency, or Bitcoin the blockchain technology *pioneer*, was created, by ***Satoshi*** ***Nakamoto***, to introduce a new way financial payment system to our society. https://twitter.com/Ripple https://twitter.com/ahbritto https://twitter.com/JoelKatz
**Now, will that help you started in crypto trading?**
Well, nothing much, but at least now you have an idea what you'll put your money into.
Okay, before you start, you have to keep three things in your mind.
The Crypto market is ***volatile******. ALWAYS*** know that market trend is not the same as stocks market. https://twitter.com/CryptoWhale
***You,*** only you, should have access to your funds. Don't give people access to your money.
Don't listen to ***moon*** ***boys***. They're the worst financial advisor you'll listen to. Don't believe in speculations. https://twitter.com/michael_saylor https://twitter.com/APompliano
Since I have already established the important things you should ALWAYS remember, you can now start your journey.
**STEPS ON HOW TO START CRYPTO TRADING**
Step 1.) You have to choose a crypto exchanger or trading platform you want to use. I will list trading platforms below:
a. Binance https://accounts.binance.com/en/register?ref=FO19UROM
Binance is popular than most exchangers because it has an easier-to-understand interface than most. Just remember not to use Futures trading right away to avoid burning money.
b. Huobi
Huobi is the second leading trading platform that is quite popular for modern crypto traders.
c. Coins PRO
Coins PRO is an extension of a crypto wallet based in the Philippines. As of now, they have limited assets you can trade. It is ideal for someone who only knows how to buy and sell cryptos such as Bitcoin, XRP, Ethereum, and others.
c. ETORO
d. COINBASE
e. UPHOLD
Step 2.) Now that you have to set up your crypto trading account. You would have to ready your debit or credit cards. You can also link your saving accounts. This is needed to fund your crypto exchanger wallet/s.
Market research is needed to know which coins you are going to buy. Personally, I'd advise you to not buy securities, but who am I to say which coin you'll buy and not to buy. Am I right?
Step 3.) Buy your coin on the crypto exchanges you've chosen and start trading.
See? It's pretty easy to access and start investing in crypto.
Now, the important part comes in. You have to join the crypto communities on social media platforms. You can use Twitter, Facebook, Telegram, and Discord for this.
Keeping yourself updated on the latest crypto news and the market trend is very important. But, that's not the hardest part. It's understanding the ***slang*** of these traders.
This is why I listed down the common words you will soon hear and read from their posts and articles.
TRADING TERMS
****HO********LD**** https://read.cash/@NoobWriter/how-do-i-start-in-cryptotrading-06e060b3#hodl
This just means **Hold On for Dear Life** if you are new to trading you might have read this on many socmed sites before and thinking why they keep on misspelling the word "hold". In the world of trading, HODL means to hold on to a certain asset that you have in your portfolio. You might read tweets or posts that say, "Just *HODL your $XRP even if it crashes back to $0.44*."
**FUD** https://read.cash/@NoobWriter/how-do-i-start-in-cryptotrading-06e060b3#fud
**Fear, Uncertainty, and Doubt**
Usually, FUD is what they call when a certain article, news, or event is spreading fear, uncertainty, and doubt to traders "*hodling*" a certain coin.
One of the best examples is what crypto traders and ***hodlers*** have been facing lately: The SEC Lawsuit vs. Ripple Labs that is gravely affecting the $XRP price. https://www.livecoinwatch.com/price/XRP-XRP
****FOMO**** https://read.cash/@NoobWriter/how-do-i-start-in-cryptotrading-06e060b3#fomo
**Fear of Missing Out**
This usually happens when traders tend to run after a bull run in a certain coin. For example, Bitcoin price per coin surges by 150%
People with the feeling of FOMO will try to jump onto the train hoping that they will get profit and the price surge will continue, but since cryptocurrencies are volatile, a sudden sell-off (DUMP) was made that made them lose lots of money.
**PUMP/DUMP** https://read.cash/@NoobWriter/how-do-i-start-in-cryptotrading-06e060b3#pumpdump
Pump and Dump are what they call sudden price breakouts in the chart for a certain coin/token.
They call a sudden price surge or upwards price action in the chart a **Pump**, while on the contrary, sudden plummeting or downwards price action in the chart is called a **Dump**.
**WHALE** https://read.cash/@NoobWriter/how-do-i-start-in-cryptotrading-06e060b3#whale
**Whale(s)** is the term usually used to call investors or traders with a large bag of a certain coin. Usually, this is what they say when someone owns a large sum of the total circulating supply of a certain coin.
**ATH** https://read.cash/@NoobWriter/how-do-i-start-in-cryptotrading-06e060b3#ath
**All-Time High**
This is the price line where a certain coin hit the highest price it got through before it went down back to create another trend.
****BULLISH/BEARISH**** https://read.cash/@NoobWriter/how-do-i-start-in-cryptotrading-06e060b3#bullishbearish
If you're new to trading you might be asking what do these animals have to do with the chart analysis and the market. These two terms are usually used by chart analysts that do technical analysis of charts.
They say "I feel bullish" in a certain chart if they are expecting it to pump soon and says "This is bearish" when a chart is indicating that there's going to be a sell-off. In short, the bull market is where most coins take the price upwards and creates new ATH levels for different coins while the bear market does the opposite.
**FIAT** https://read.cash/@NoobWriter/how-do-i-start-in-cryptotrading-06e060b3#fiat
This is your local currency generated issued in your respective country/countries.
For example:
Philippines issues Philippine Peso
USA issues US Dollars
United Kingdom issues Euro
Japan issues Japanese Yen
...and so on.
**TF** https://read.cash/@NoobWriter/how-do-i-start-in-cryptotrading-06e060b3#tf
**Time Frame**
This is an indicator that shows the cycle in a certain period of time.
Ex: 15 minutes, 30 minutes, 1 hour, 4 hours, 1Day
There you go, you now know the basics of crypto trading! You can also now understand the traders when they're talking about something that you used to struggle to comprehend.
If you think this article was really helpful, don't hesitate to share it with your friends and family.
Now, if you think that there's something you want to learn about trading, feel free to suggest and ask a topic in the comments below. I would love to hear from you!
Let's connect!
Crypto in the Philippines
**Countless countries globally have been slowly adapting to the upcoming financial system standard. Companies, banks, and countries have transitioned from paper money to digital currencies or crypto. Personally speaking, we are just beginning to see the real potential of Financial Technology and its effect on the future.**
**In a world where people have been spreading knowledge about blockchain technology such as Bitcoin, XRP, Ethereum, Cardano, and many more. It's not out of the scope of the possibility that this could be the standard soon.**
**The traditional form of payment using paper money is getting expendable. Even businesses encourage people to go cashless with their on-site transactions. Also, in a world terrorized by a pandemic, the risk of close interaction with strangers is not a good idea. Thus, going cashless is the best.**
**Sadly, even with this progress, countries like the Philippines have been falling behind. and its government hasn't given signs of interest in adopting cryptocurrencies as a form of payment nationally.**
**Last month, a cryptocurrency called** ****Axie**** **caught the Filipinos' interest in crypto. Axie launched 3 years ago. Their play-to-earn feature that made their crypto famous amongst crypto enthusiasts. It may be promising for someone who has no knowledge of crypto before that, but to seasoned investors, this is just one of those crypto being launched and created every day.** https://axieinfinity.com/
**Even so, Filipinos suddenly took an interest in crypto and started asking questions. But in a fast-changing and volatile market of cryptocurrencies, 3 years are equal to "old news". In short, these Filipinos are years** ***late to the party*****. Literally.**
**That is just one proof that most Filipinos have no idea of what cryptocurrencies are. In my opinion, it is understandable that common citizens have less or no knowledge about it. Not all people have an interest in investments and trading, more so to poor and common Filipinos.**
**Not enough reason for the Philippine government to overlook this promising technology, though. This financial technology could even help lift the economy of the country. There are endless possibilities.**
**Banks in the Philippines charge insane amounts of fees. There are fees whenever you deposit, withdraw, or even just by checking your balance. With crypto assets that can be accessed online for FREE, nobody will have to pay absurd fees anymore. Deposits, withdrawals, and checking balances will have less to no fees, within seconds. You don't need to think of banking hours anymore!**
**Now with the recent news that China and Japan are adopting crypto, people have been wondering which countries will be next. So far, even though a fair amount of Filipinos have knowledge of crypto, it's still not enough.**
**With these facts laid out, maybe Filipinos need to urge their government to start taking an interest in things that matter.**
**I am not entirely satisfied with the locally based crypto exchanges here in the Philippines. These exchanges are profit-focused. More so, many Filipinos are listening to hype traders that have no knowledge about how the market really works aside from that there are good days (profit days) and bad days (lose days).**
**Unfortunately, there are these opportunity grabbers and up-to-no-good "hype" traders in the Filipino cryptomarket. Literally using poor Filipinos with no knowledge of cryptotrading to buy the coins they've bought beforehand. They'll shill and promote a coin they've bought at the bottom then dump it when it moons.**
**These types of traders don't teach people how to properly invest and trade crypto, they are just teaching them to be greedy and not to trust people and learn how to do it the right way. I am deeply saddened that every day, this is a situation for almost everyone who wants to start trading crypto.**
**Some of the popularly known culprits that I've been observing are Xian Gaza and Marvin Favis. No matter what their defense is, my mind would not change about how lousy and awful they are as human beings. They've tainted the decent Filipino traders that teach people how to trade and invest the right way. I also hate the fact that the people benefitting the most from their schemes are ready to take extra steps to shut those people who tried calling them out and their wrongdoings.**
**As someone with high morals, I will give you just one piece of advice you can follow. Never take financial advice from an "influencer" or self-proclaimed crypto "mentor". There is no such thing as that. But then again, you have all the freedom to choose if you want to follow my advice or not.**
**Trading and investing are not something to get mentored with. You can perfectly learn these skills by reading books and applying that theoretical knowledge by applying it on trading orders with careful and calculated risk.**
**You, yourself, are the best teacher you can have. There are also YouTube channels that share knowledge about trading and investing for free. Learning about crypto and how deep you'll know is just a matter of dedication to knowing things you have no idea before.**
**Hopefully, within this year or early 2022, more Filipinos will try to get in-depth knowledge on how FinTech progress like this will help the country. Also wishing that soon, the Philippines will be adopting this technology too. It sucks to be late for the party. Nobody wants to get left behind. Believe me, it's no fun being late for everything.**
**There should be more groups or dedicated organizations that'll teach Filipinos how to use their money right and teach them to aim for proper financial literacy and not just for the profits.**
**How about you? What do you think about this disappointing situation of the Filipinos when it comes to crypto? I would love to know your thoughts and opinions on this. Let's connect in the comments section.**
**___**
***Disclaimer: Everything I've written in this article is not a piece of financial advice. Taking action according to the content of what you read in my article is not a good idea and is a bad financial habit.***
Sponsors Block (?) https://read.cash/@Read.Cash/get-sponsors-a2b66c10
Secrets Of The Universe
Hello readers,
I am Kimmy, and I would like to welcome you from starting to read my Secrets of the Universe article series!
My aim is to share you stories and ideas that most intellectuals have shared over the centuries that have passed and basically not knowledge known to most. Everyone is free to share this with everyone they know, but I like it better if you read this and think about it before you share. Why? Because nothing beats a mind that thinks!
I must say that this article series is inspired by a writer whose articles I've been reading and studying too. I have made research and realizations of my own upon reading their content.
I would like to show the people how I see the world and the universe--or as the writer quoted in his articles--to *****see the forest***** and **not** just the tree.
I hope you all enjoy reading the things I will be posting in the future. Thank you!
**
Disclaimer
Copyright disclaimer under *Section 107* of the *Copyright Act 1976*, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.
I do not own the intellectual property rights to any content used from any movies or music analyzed on this website. Any information posted containing video, audio, or written transcript was posted for educational purposes with the intent of spreading awareness and generating public discourse.
Bitcoin Dominance: What Does It Do?
****DISCLAIMER****: I AM NOT A FINANCIAL ADVISOR. THIS IS **NOT A FINANCIAL ADVICE**.
As we all know, Bitcoin is what everyone calls the King Coin. Satoshi Nakamoto, who created the greatest revolutionary technology invention of the century---cryptocurrency; ignited more than that.
The introduction of Bitcoin to the business and financial world gave birth to the next generation coins or Altcoins (alternative coins).
But, what really is the connection of all of these facts about Bitcoin to the whole market? Let me explain.
**Bitcoin Dominance** is not just a percentage indicator you see on the crypto platforms you look into when you're looking for good coins to invest on. It is the index indicator on how dominant Bitcoin is over the whole Total Market Cap in general.
WHAT IS TOTAL MARKET CAPITALIZATION?
Total Market Capitalization is the overall value of all cryptocurrency and digital assets at any given time. This means that it is the value of every coin in the market such as BCH, BTC, ETH, XRP, and all other cryptocurrencies combined.
If you'd look back on the image above, it clearly gives the Total Market Cap of $1,579,552,497,089, with a Bitcoin Dominance of 45.1%
So what really is the correlation of BTC.D in the Total Market Cap? Simple, the Bitcoin Dominance shows that Bitcoin's **value takes up 45.1%** on the entire market.
This can be proven if you compute this using the calculation formula below.
Take this one solution for an example variable involved:
This is how you calculate the total market capitalization of Bitcoin in the market.
Now, we can calculate the Bitcoin Dominance after that solution above. Again, we will use hypothetical numbers, which will be shown under:
You may also hear people say, “*Bitcoin Dominance Index"*, which is just the same as what we calculated.
Now, how does all this affects the market? Well, the thing is, no one really knows where the market is going, but one could try to predict it, but below is a chart showing how Bitcoin Dominance is correlated to almost every coin in the market, depending on its movement.
If you can fully understand this, you can literally use this in positioning and predicting the market.
It is know that this is a recurring and repetitive trend in the Bitcoin market and all of the other altcoins that is coupled with it.
Although most people doesn't want to acknowledge this, the fact that Bitcoin can manipulate the market and its movement, you should be always careful where you put your money into. Use this knowledge and use this to your advantage. You can ride the fluctuations of the price may it be on uptrend, downtrend, or in sideways.
In conclusion, even though it's painful to admit, that the market could be manipulated. You need to know that timing the market will sometimes save you from losing money. Especially now that lots of external factors affects the Psychology of the (Bitcoin) Market.
And no, for the love of God, stop saying Elon Musk is manipulating the market. There's no way a single entity like him could do that, because if he can do it, then Bitcoin may not be as decentralized as what maximalists claim.
Is Bitcoin A Bubble?
Now, before you come at me and telling me that I might have lost my marbles, let me just clarify one thing. I am not anti-Bitcoin.
Bitcoin is, and always will be, the ***pioneer***. But as same as any other trend, the old one always tend to get outdated and gets left behind because of the tech. Even manual printing machines retired when the digital press happened.
If you are new to the crypto market, you may or may not know how Bitcoin shaped the blockchain technology as we know it today.
Bitcoin is created by (either an anonymous single entity or group) named **Satoshi Nakamoto****.** The creation of the Bitcoin and introduction of the blockchain technology started and ignited the now we call crypto innovation. Bitcoin was invented back in 2008, and wasn't used as a currency until 2009, and originally engineered in an open-source coin coded in C++ language. https://en.wikipedia.org/wiki/Satoshi_Nakamoto
Open-source means anybody can share their information and insights in developing a certain program or software. In this case, Bitcoin is one of the few cryptocurrencies that is open-source.
But as of today, the market looks awfully highly manipulated by unknow entities. If you are involved in the Twitter-verse of cryptotraders, Elon Musk recently announced that Tesla is cancelling the Bitcoin transactions for purchasing a Tesla car unit from them. You can see the tweet here and the replies from the community. https://twitter.com/elonmusk/status/1392602041025843203?s=20
If you were active then you'd know how fast the market crashed and Bitcoin dragged every coin in the market with it and put negatives on almost everyone's portfolio.
Up until now many financial conservatives are calling Bitcoin a bubble, but as days goes by, there are news everyday being broadcasted that we are nearer to the Great Reset than we know it.
Even the US government are ready to roll out their new financial system soon. We might about to see a new digitized way of transactions in the near future. Especially now that China has already been rolling out the digital wallet and $YUAN coin that they are going to use for national and local transactions within the country. We might see in the next couple of weeks the launching of the $DOLLAR coin. But this doesn't answer why people think Bitcoin is a bubble doesn't it?
The thing is, USD Tether or $USDT as we know it, recently just shared that the crypto itself is only backed by less than 3% in cash even though they clearly said that the ration of USDT to paper US dollar is 1:1. This is one of the indicators that Bitcoin, which is backed by the USDT, might really be a bubble, according to some experts.
If they are right, we will go through an extensive regulation on all crypto in the market, and Bitcoin might not be the store of value coin that we really know.
What are your thoughts about this?
10,000 Bitcoin Pizza Anniversary
Have you ever wondered when did people started using Bitcoin as a currency? Well, it started off as a currency back then being called by bankers and financial experts as a bubble. Bitcoin is the first of many cryptocurrency.
It was created back in 2008 and wasn't used as it is today until 2009. And if you are new to the cryptoverse, you might or might not have heard of the infamous story of boxes of pizza purchased using 10,000 Bitcoins. The guy behind that incredible story is Laszlo Hanyecz, and he by then, birthed the new era of Bitcoin being used as a currency.
Today, as we know it, marks the 11th anniversary of that Bitcoin Pizza story. Days ago, a well-known Bitcoin maximalist named Anthony Pompliano announced to fellow Bitcoin enthusiasts that he is launching a pizza chain that will be selling 10,000 pieces of pizza pie in the US to commemorate that biggest event that ever happened in the blockchain technology history.
This advertisement took attention from both maxi, anti, and crypto-agnostic groups of people in the Twitter scene of the cryptoverse.
Some thought that it is actually great and felt bullish about Bitcoin even if the market keeps on declining for the past few days starting last Wednesday, 19th of May 2021.
If you are also quite active in the Twitter scene people are enjoying the grand advertisement of the month for Bitcoin. Most of the maxis loved it, but there lots that made fun about how Bitcoin Pizza doesn't take Bitcoin as a payment for the transactions. Some even call it ironic and patronized it and called it "Fiat Pizza" instead.
[Fiat - Government issued money such as US dollars, Japanese Yen, Philippine Peso etc.]
I think the advertising was fine. What about you? Feel free to leave your comments!
How Do I Start My NFT Journey?
**Disclaimer: I am not a financial advisor.**
If you have no idea what NFT or Non-Fungible Tokens are, you can read the broad information about them in this article. The general idea about what makes an NFT is briefly discussed there under 500 seconds. But, if you have no time to read the article, I will still try to explain it here. https://read.cash/@NoobWriter/nft-in-under-500-seconds-ffcb3120
**NFTs** or **Non-Fungible Tokens** are digital assets of their physical counterparts. Either coded using ERC-721 or ERC-1155. If you have Ethereum, the official protocol of the tokens in your crypto wallet is created using ERC-20. Basically, it is a type of platform under the umbrella of the Ethereum blockchain.
HOW DO I START SELLING MY ARTWORKS AS AN NFT?
First, you must set up your crypto wallet. You can find crypto-wallets that have access to various coins. But I suggest you use decentralized wallets such as MetaMask and TrustWallet. https://metamask.io/
[Once you set up your wallets, don't forget to save the seed phrases so if ever you accidentally uninstall the app, you can still revive the crypto money you have deposited inside.]
Now that you have a wallet, open up your ETH wallet by clicking the "receive" button. An unhackable address will be generated that starts with “0x” and followed by random 40 characters. Copy your ETH address and save it into your locked notes.
Second, look for a decent website that offers public market for NTFs.
I listed some of them below:
Opensea https://opensea.io/
Rarible
Mintable https://mintable.app/
Ankr
TrustWallet
Refinable https://refinable.co/
Veve https://www.veve.me/
Nonfungible
And soon and that is about to launch is:
StudentCoin.app
Once you've chosen a platform where to create, sell, or buy your works, you can freely withdraw the Ethereum back to the crypto wallet of your choosing that you could, later on, get exchanged into fiat.
Good luck with your NFT journey!
Explained: NFT in under 500 seconds
**In this particular article, I will try to explain what NFTs are and make them more digestible and comprehensible in under 10 minutes.**
**If you are new to the crypto market you must have read a couple of posts and articles revolving around this specific topic. But what is NFT really and why are there people making millions of US dollars apiece from them?**
**What is NFT?**
**NFT or Non-Fungible Token is a unique unit of data in a blockchain used to represent a specific digital item/asset. NFTs can be any digital file that artists sell. It could range from any kind of digital art, music/audio, videos, online or video game rare items, digital professional player cards of basketball players, baseball players, football, etc. In short, they are the authentic digital copy of their physical asset counterparts. Some even are selling screenshots of epic tweets.**
**One of the best examples of NFT distributors is the SoRare platform. It offers various NFT cards of famous (active or not) football players in the world. You can get free NFT cards if you register here. Just follow the tasks appointed to you and you're good to go!**
**In theory, these NFT cards have the same value, or even more, as the football collectible cards in a physical form.**
**For Millenial and Gen Z people, it is like the digital form of acquiring Pokémon Trading cards. Remember buying and collecting these, especially the rare types?**
**What really puts up the value of these expensive NFTs? Why do they cost too much?**
**The answer is the Right of Possession and scarcity in the market.**
**For example, you, Mona Lisa, commissioned an artist named Leonardo Da Vinci to paint you a portrait. The portrait created will be yours only, depending on the artist. Anybody can take a picture or print it out on a sheet of paper and claim that they have a copy of the Mona Lisa but the ownership rights of the original and authentic painting is only for you.**
**As I've said, depending on the artist, and if they decided to create two of your portraits, then there will be two owners of them, if you ever let anybody else buy the other portrait, of course.**
**Now, how does that affect the insane amount of money that gives value to an NFT? It is because of the supply. There are two types of NFTs available in the market. NFTs were created using ERC-721 and ERC-1155.**
**What's the difference? Usually, the Ethereum in your crypto wallet is created using the ERC-2o code since it is the official protocol of the Ethereum blockchain. (Blockchain is a system of recorded information that completes the digital ledger of transactions that is spread across the entire network of the computer systems of a certain coin/token.)**
**To explain it furtherly, think of ERC-721 and ERC-1155 as two types of vending machines. ERC-721 has a finite item under an NFT coded item, whilst ERC-1155 lets you create infinite copies of a digitally coded item.**
**If you, an artist, created a digital art/audio/video with ERC-721, that specific artwork of yours is the only authentic copy of it, thus giving the bidder/buyer more bragging rights once they acquire it. Whilst ERC-1155 can make multiple copies of a specific art of yours and you can sell it to a specific individual or multiple persons.**
**In short, the lesser the supply of an item, the higher the value it holds. The scarcity is the main reason why most NFTs can be worth millions of dollars of cash.**
**It may sound insane for other people to think why a digitally coded art could amount to millions. One of the most expensive sold recently is this art which was sold for an insane amount of $69 million.**
**As of now, according to crypto analysts and enthusiasts, we are still in the early stages of NFT adaptation in the crypto world. Elon Musk even has taken interest in the world of NFT. Is this a signal to take interest in them too? What do you think about it? Let me know your thoughts on NFT in the crypto market.**
Do you guys any topic suggestion or request of an article you want to read about? I am open for them!
Regardless of the lawsuit, various anaylists have been calling out bullish on $XRP weeks from now. What do you guys think about that?
Chart Analysis: Candlesticks
****DISCLAIMER: I am not a financial advisor.****
This is going to be part one of the Chart Analysis. This will mainly contain everything about candlesticks. I also put external links for videos you can watch to fully understand the theory behind the Japanese Candlesticks in the chart.
CHART INDICATORS YOU NEED TO KNOW ABOUT:
CANDLESTICKS
Japanese Candlesticks is one of the basic indicators a newbie trader need to learn to be able to read a chart carefully. It is a concept developed by Munehisa Homma, a Japanese rice merchant, to determine how traders-buyers and sellers, affect the rice value on the market.
Candlestick(s) indicate what the cycle was in a certain period of time. It could be bullish or bearish, depending on the market's influence.
**PARTS OF A CANDLESTICK**
If you can see, in the picture above, there are two types of candlesticks. Now, I previously wrote about the bull/bear market. These candles indicate which of the two has more influence on the present price value of a certain coin.
**(Real) Body**
The green candle indicates a bullish market/price, whilst the red candle indicates the opposite. It also represents the opening and closing price on that specific timeframe. The longer the candle, be either green or red, the stronger the influence it has over the size of the price move. Likewise, the shorter the candle/body, the weaker the influence.
**Wick and Tail/Shadow**
The wick shows the highest price set of a candle in a certain timeframe, whilst the tail/shadow shows the lowest price set of a candle in a certain timeframe.
**Open/Close**
The Opening price is the first price traded during the formation of that candle no matter what the timeframe while the Closing price is the last price traded during the formation of that candle in a certain timeframe.
To further demonstrate the wick above is the highest price this bullish candle reached in this specific candle.
Here is a close up:
The high price is the top of the upper wick, and if there's no wick, then the closing price is the opening price of the next candle-it doesnt matter if it's either a bullish or bearish candle.
While the low price would be the opposite and is the bottom of the tail/shadow of a bearish candle. Again if there's no wick, the closing price is the opening price of the next candle-no matter whether it's bullish or bearish.
Here is a close-up:
Now that you know all of the basic pieces of information about a candlestick, we can now jump into different candlestick patterns. These patterns can be observed closely in a chart. You can always wait for a reconfirmation if a pattern is bullish or bearish.
**CANDLESTICK PATTERNS**
Below is the division between which patterns are bullish, bearish, reversal, or continuation.
To learn more about candlesticks, you can watch the tutorial here on how to read the candlesticks in the chart. You can also download the pdf version of this candlestick cheatsheet here. https://youtu.be/OGFxp3Pixg8 https://www.alphaexcapital.com/wp-content/uploads/2020/04/ALPHAEX-CAPITAL-CANDLESTICK-PATTERN-CHEAT-SHEET-INFOGRAPH.pdf
Next Lesson: ****Chart Positioning****
Hi! I am a newbie cryptotrader. Join me as I take the endeavor a better knowledge about the cryptotrading world.
@NoobWriter
