Most interesting events in crypto - july.2021 - part 1
hi guys!
I missed some days because I took a vacation and I enjoyed some fresh and clean air in the mountains, I slept a while and I must admit I could even sleep more if I was allowed.
But we are social beings, so, as a common sense, I woke up from my bed and exchange some words with my companions.
Nothing is better than a good trip in the mountains, where is no internet, so you can enjoy the nature and what is surrounding you, not the social media needs, when we became addicted to share our lives.
But hey, I am back, so I want to share with you some news, if Bitcoin is doing nice and this means: nothing. Just stay there!
What should I say more?
These are some major events (not all, of course, but some identified by CryptoDiffer team) that are happening in July. One more I can add: the mainnet of #MWAT - Restart Energy - and it should bring another 100% boost at least. This is one of the best performers since the beginning of the year, even if BTC is now at almost half of it's ATH. https://coinmarketcap.com/currencies/restart-energy-mwat/
But, that's enough. I talked about this project, I have a huge bag here, but this is my problem, not yours.
Let's go further, to have the projects named above in some words. This is the first part and in the next days I will continue with the rest:
***Crowny (CRWNY)*** - is listed on Ascendex (the former Bitmax) and is on a bearish period, decreasing from a 0.19 $ ATH to 0.01$, but this could be reversed if the App that will become available for Beta testing will deliver the expected results. https://coinmarketcap.com/currencies/crowny/
The MarketCAp now is near 2 million $, but only 225 mil tokens are released from a total of 900 millions. Attention - this number is not the Max supply. We need to do more research to find out all tokenomics mechanism.
According to CoinMarketCap:
"Crowny has created a new platform to help solve some of the current dilemmas within the world of advertising. Crowny is a platform that will allow brands to create effective campaigns and reach their target audiences with ease and simplicity. These users are enticed to listen to their message by being rewarded through the app. Users will be able to connect to their favourite brands through the Crowny Mobile App , without the risk of privacy breaches.
What Crowny offers:
A smartphone app which enables users to specify their areas of interest and allows them to follow their favourite brands. This gives them control over the type of content and deals they wish to see, and when they want to see it.
A secure and private experience via the anonymization of user data.
The possibility to reach out to consumers in several ways, including push notifications, geofencing and QR codes. The supplied content also includes interactions and gamification elements. Consumers will be more engaged than ever, which in turn will improve the consumer-brand relationship.
Users will always be rewarded. Not only through the offers they receive, but also for consuming content; paid with $CRWNY tokens and brand loyalty points The biggest challenges of the advertising world includes reduced exposure, increasing costs, and elusive audiences. They are solving these challenges with their platform.
Crowny also offers a free loyalty system to small business owners. The most interesting part of this loyalty system is the $CRWNY token. These rewards play a key role in the Crowny platform. Tokens can eventually be converted to (fiat) currencies, used to purchase products, or set aside as can be held in a wallet."
I don't want to speculate too much now because the project is an incipient phase, all I can say is that it needs big support to succeed, because is not the first project in this sector and some of them already died.
***Covalent (CQT)*** ***-*** is a fresh project, launched few weeks ago, with a Max supply of 1 billion and only 112 million in Circulation right now, so pay attention to tokenomics and the next phases of token releasing; it could drop more. https://coinmarketcap.com/currencies/covalent/
What is Covalent?
"It leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization.
Instead of painstakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end-users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.
Having achieved product-market fit, we are now planning to execute the next phase of Covalent, which is a progressive decentralization that will enable the Covalent Network to be owned and operated by its users. Of course, a critical piece to this is CQT.
CQT is the native token of the Covalent Network. It has three primary purposes:
CQT is a governance token, whereby token holders vote on proposals to change the system parameters.
CQT is a staking asset. Validators will earn fees for answering queries.
CQT is a network access token that fulfills data queries for users of the API."
What can I say more? The team looks good, the marketing, also, it is listed on several big exchanges, CEX'es and DEX'es, so, all they have to do is to deliver what they promised.
It seems Covalent has multiple use cases, from Taxes to De-fi, from NFT's to DAO's, so we should have a closer approach to this project and jump in if we catch the right moment.
That's all for now. Take a look at this two projects. In my opinion, we are still in discovery price and we should observe how much this could go down and how much the team could deliver to become sustainable projects.
Lead Photo by **Lachlan Ross** from **Pexels** https://www.pexels.com/@lachlan-ross?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/person-climbing-on-rocky-mountains-under-sunny-sky-with-clouds-7084331/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Do you make a wish to a falling star or you'd like to be one?
Maybe the title will make you unclear thoughts and you'll wonder what the heck is trying this guy to say. I know, this is not a simple and concise title, but one that, indeed, makes you think about something.
I am talking about the nature of the human beings related to the rest of the animals.
We are a social type and we like to be in groups, to communicate, to exchange ideas, to see and (mostly for some of us) **be seen.**
Photo by **Emilia Czarnota** from **Pexels** https://www.pexels.com/@emilia-czarnota-3807932?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/blue-green-and-white-peacock-5705713/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Yeah, we like to be like peacocks, the males. We love to show our clothes, cars or other assets, including other famous people or places.
Also, recently in our history, I mean, very recently, once we discovered the small photo cameras included in mobile phones combined with the inevitable appearance of social media apps, we like to share even what we eat or do, wherever, whenever.
Of course, we are not having all this kind of behavior, but we see what is to be seen and the absence of the ones that are not going to show off their lives is barely observed,
The question of these facts is resumed in a single line:
**does it worth it?**
This is the way you want to live your life?
Always living through other's appreciation, "for the public" ?
Maybe is nice, but, having some words and reading about other famous people, I can tell that no one is really enjoying a public life more than few months.
So, why are we aspiring for such a life if the ones that has it are trying to not having it?
**And what is the link with crypto?**
Well, we had the people who wants to be in the first row and the ones who don't.
And yes, one of the most important feature of Bitcoin is staying anonymous. So, one of the most famous persons in the world is still unknown to the media:
Satoshi Nakamoto.
According to many sources, he controls around 1 000 000 BTC. That means now more the 30 billions of US Dollars!
It is big? It is huge for any person on the Earth!
But, instead of the attention that media and not only will give it to him, he (or she, or they) wants to stay in shadow.
On the other side, we have very noisy people that wants to draw attention with any occasion.
Rising stars or maybe (already) falling ones, they all wants to be in the attention of the public. But sometimes the faith is not so generous and the higher they are in the attention of the public, the worst is the falling for them.
First, some new actors tries to have a pie from the media's attention:
https://bitcoinist.com/im-putting-my-billion-in-bitcoin-billionaire-ricardo-salinas/?utm_source=rss&utm_medium=rss&utm_campaign=im-putting-my-billion-in-bitcoin-billionaire-ricardo-salinas
Why don't you just buy and stay quiet?
Because they are looking for attention
Because they maybe already bought and would like to see their assets rising
Anyway, is not a way I'd like to follow. If somebody unpredictable happens and his wealth will fall, everybody will look at him as a public loser. Much worst than only losing his money, he will cut many of his possible chances to recover.
But this is not the bad situation now. We had some circus in the last years and (unfortunately for him) it comes to an end. I don't like it, but it seemed inevitable as we look at his actions and what he became for the crypto space and not only:
https://beincrypto.com/john-mcafee-found-dead-in-spanish-prison/
"McAfee was found dead just hours after the national court approved a request by the United States to extradite him on criminal tax evasion charges. According to ****El País****, he was found hanging in his cell and officials are treating the death as a suicide." https://elpais.com/economia/2021-06-23/el-fundador-del-antivirus-mcafee-john-mcafee-se-suicida-en-una-prision-de-barcelona.html?ssm=TW_CC
Well, this is sad. I will consider this for any people and it makes me think that maybe his life could be an example that what we shouldn't do anymore at a certain point in our lives.
He became rich, he became famous. Then, he wanted more attention. He became convicted. Why all of these?
**What should he wish now if he could start over again?**
What should we wish now after reading about this?
Think about it and evaluate your priorities, about how your life you want to be.
Think...
The Bitcoin Strikes Back!
We are in a good fundamental era for Bitcoin, even we thought this year will be an Ethereum light show.
It seems that Bitcoin has not only the light, but the Lightning! The very Lightning, enforced by the next to be launch upgrade - **Taproot**. https://read.cash/@VNFC/this-is-huge-for-btc-taproot-upgrade-approved-by-all-btc-miners-more-privacy-and-smart-contracts-71767e15
After my previous article regarding the long awaited and unexpected (for this year) upgrade event, I will tell you today what is already done on Bitcoin Protocol, how can you use it in micro payments and what could be the future of it regarding all that "shilling" and lobby and good news storm that came from big investors, media and influencers.
If you want to find more, you can start from the article with the link above.
The main subject here is how can Bitcoin become useful and viable for micro payments as we know that any transfer of Bitcoin funds between two addresses could mean at least 0,0005 BTC. That means around 20 $ today and could last more than 30 minutes until the final confirmation!
How can you pay with Bitcoin? How can you wait for a coffee to be paid if 30 minutes is enough for a drink to become trash?
All this issues can be avoided by using the Lightning Network, the Layer 2 of Bitcoin Protocol, a sort of Layer 2 for Ethereum (faster and cheaper transactions).
A relatively recent launched app - Strike, wants to solve the micro payments and speed issue for Bitcoin. Look what you can find on one of their Medium article: https://jimmymow.medium.com/announcing-strike-by-zap-4f578c7c8984
"we are announcing Strike, an application that allows you to make Lightning payments with your bank account or debit card. Using Strike requires the following: a debit card or bank account. That’s it; no wallet, no node, no channels, no swaps, no liquidity management, no anything. It’s an application, sitting on top of our infrastructure piece Olympus, designed to usher in an era of Bitcoin that we believe has the best shot of achieving our mainstream hopes and desires." https://strike.me/
Olympus was initially used as a fiat to crypto ramp, good for users to buy crypto - faster and cheaper by fees.
The reason of the Strike app is described here:
In these moments, for paying with Bitcoin (why would you - I'll explain later), you need to have a wallet, save the seeds, load it with BTC and pay where you have to. It's sort of a complex operation and time consumer for sure.
That's why Bitcoin needs something to work silently, rapidly and costlessly. This is the moment when Lightning Network and Strike App is coming on the scene.
There are some questions below that could be solved by using the solution above:
"What if my debit card could pay the Lightning invoice? What if by connecting my bank account, I can scan any Lightning invoice, hit pay, and it would work? No wallet, no backups, no channels, no capacity, no custody issues, no volatility, no taxes. What if instead of “spend and replace” it was “buy and spend in seconds without noticing”? What if the few pennies in USD from the above user *was* enough? What would that look like?"
It's unbelievable, but Strike wants to connect bank accounts with crypto by credit cards in order to make purchases with Bitcoin to avoid revealing your name or bank account to other parties.
This could be very useful when you don't wanna fill your card data to any online shop, especially when we find more and more often about data leaks about cards, email addresses, etc
**So, Strike promises to solve the speed, the friendliness of the process of payment and the high fees related to it.**
This message is nothing but a confirmation that Bitcoin could become a great payment tool through Ligtning Network and it could use it's awareness to take the crown in this sector. Is not easy, but it could recover more if this would be promoted by titans like Jack Dorsey of Twitter and / or Elon Musk and / or any other guy/ company with big importance in the financial world.
"It’s “only a matter of time” before Twitter integrates Bitcoin’s Lightning Network, Jack Dorsey has suggested. Posting on his popular social media website early Friday, Dorsey responded to a fan’s request to “build LN into BlueSky or Twitter please and thank you” (BlueSky is a project focused on decentralizing Twitter). https://twitter.com/jack/status/1403174877444587523?s=20
Dorsey had taken to Twitter to share a link to the wallet and encrypted messenger service Sphinx Chat, which runs on Lightning Network, which then prompted the fan to make the suggestion."
Photo by **Philippe Donn** from **Pexels** https://www.pexels.com/@philippedonn?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/photo-of-lightning-1114690/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
This is the reason that makes me believe that we will live historical times from now on, and maybe seeing BTC under 100 k will be a nice memory for nostalgic guys who wants to remember how it was if they were confident enough to buy 1 BTC when in was 10 k.
That's all for now. I don't wanna push you anymore, but just remember...
TL;DR - when Lightning Network will be adopted by some of the big players in the crypto or financial world, it will be the start of Bitcoin revolution in payments for the average Joe. And than will be the End of the Golden Times of accumulating BTC almost for free.
This is huge for BTC: Taproot upgrade approved by all BTC miners - more privacy and Smart Contracts!
Finally, this news is huge and could change completely my and your opinion about Bitcoin!
I could read in some online magazines (https://ambcrypto.com/bitcoin-taproot-upgrade-finally-achieves-activation-lock-in/) and even on CNBC website (https://www.cnbc.com/2021/06/12/bitcoin-taproot-upgrade-what-it-means.html) about this new era in Bitcoin history that should start in November this year, at the block 709632.
What means an upgrade to Bitcoin Protocol and why is this so important?
Well, there are four main things to put in light:
- an Upgrade needs the support of more than 50% from the total miners (of course, if somebody has a miner affiliated to some pool, like Antpool, Slush Pool, Poolin, etc - will be only a spectator, because the voting rights are used by the pool), so, if a big majority agrees with this, it means a huge support for this update
- is the first important upgrade since 2017, when the update was adopted after heavy fights, but now we have almost a total consensus
"Unlike bitcoin’s 2017 upgrade – referred to as the “last civil war” because of the contentious ideological divide separating adherents – Taproot has near universal support, in part because these changes are fairly incremental improvements to the code."
- we will have more privacy for transactions, but the most important thing: Smart Contracts reshaped!
"These souped-up signatures are also a game changer for smart contracts, which are self-executing agreements that live on the blockchain. Smart contracts can theoretically be used for practically any kind of transaction, from paying your rent each month, to registering your vehicle.
Taproot makes smart contracts cheaper and smaller, in terms of the space they take up on the blockchain. Killeen says that this enhanced functionality and efficiency presents “mind blowing potential.”
Currently, smart contracts can be created both on bitcoin’s core protocol layer and on the Lightning Network, a payments platform built on bitcoin, which enables instant transactions. Smart contracts executed on the Lightning Network typically lead to faster and less costly transactions.
“Lightning transactions can be fractions of a penny...while a bitcoin transaction at the core protocol layer can be much more expensive than that,” explained Killeen.
Developers have already begun to build on Lightning, in anticipation of the upgrade, which will allow for highly specific contracts.
- as a sort of result from the previous fact, the blocks will be more efficient, the data transaction size will decrease to lower the fees and increase the speed of execution
“The most important thing for Taproot is...smart contracts,” said Fred Thiel, CEO of cryptocurrency mining specialist Marathon Digital Holdings. “It’s already the primary driver of innovation on the ethereum network. Smart contracts essentially give you the opportunity to really build applications and businesses on the blockchain.”
So:
- more privacy
- faster and smaller data size packages
- cheaper
- upgraded smart contracts
We (almost) all know about Lightning Network and what it's main goal is:
Of course, the race for Smart Contract's slices has begun and more and more developers will try to poach as much as will can. I recently saw something about offline transactions, maybe something similar with Layer 2 or Plasma Network for Ethereum: Fast Kitten (https://www.usenix.org/system/files/sec19fall_das_prepub.pdf).
"FASTKITTEN leverages the power of trusted computing environments (TEEs), in which contracts are run off-chain
to enable efficient contract execution at low cost. We formally
prove that FASTKITTEN satisfies strong security properties
when all but one party are malicious. Finally, we report on
a prototype implementation which supports arbitrary contracts through a scripting engine, and evaluate performance
through benchmarking a provably fair online poker game. Our
implementation illustrates that FASTKITTEN is practical for
complex multi-round applications with a very small latency.
Combining these features, FASTKITTEN is the first truly practical framework for complex smart contract execution over
Bitcoin."
Complex Smart Contracts on Bitcoin! You need to remeber what it's important for BTC: it is moving and evolving!
I thought we will be trapped in the same model from now on until the last block before the last day before the final halving, but it seems I was wrong and I am very happy with this. In fact, wrong is a too tough word, I was misinformed about what BTC developers are preparing to.
All that bull market, Tesla in, Tesla out, more and more big players coming and speaking about crypto, made me and a big part of the public, especially the new ones, be distracted from the technical part and concentrated on the financial one, related to trading, pumping, investing and why not, farming. By the way, how are the meme coins doing and the most part of NFT's? It doesn't matter. I just told you few weeks ago.
So, it is no doubt we will have a long way to go now on Bitcoin's ladder to Mars (Moon is already passed for BTC) and I think we will go even further on a medium-long term.
As a (again) recently announced info: https://u.today/elon-musk-reveals-when-tesla-will-resume-allowing-bitcoin-payments
What should I say more? Tesla is a big player in crypto now, and until this market is not regulated, they can do whatever they like: feeding with FOMO, then FUD, then FOMO again and so on.
As a matter of fact, Bitcoin will remain the king for a quite period until maybe something really, really unprecedently revolutionary will come and take it's place.
Until then, keep at least 25% in BTC and a similar part in ETH.
Enjoy!
Shiller's List
Maybe many of you saw or heard about the movie named "Schindler's List". For those who didn't, https://www.imdb.com/title/tt0108052/
"***Schindler's List*** is a 1993 American epic historical drama film directed and produced by Steven Spielberg and written by Steven Zaillian. It is based on the 1982 historical fiction novel *Schindler's Ark* by Australian novelist Thomas Keneally. The film follows Oskar Schindler, a German industrialist who together with his wife Emilie Schindler saved more than a thousand mostly Polish-Jewish refugees from the Holocaust by employing them in his factories during World War II. It stars Liam Neeson as Schindler, Ralph Fiennes as SS officer Amon Göth and Ben Kingsley as Schindler's Jewish accountant Itzhak Stern. https://en.wikipedia.org/wiki/Epic_film https://en.wikipedia.org/wiki/Historical_drama https://en.wikipedia.org/wiki/Steven_Spielberg https://en.wikipedia.org/wiki/Steven_Zaillian https://en.wikipedia.org/wiki/Schindler%27s_Ark https://en.wikipedia.org/wiki/Thomas_Keneally https://en.wikipedia.org/wiki/Oskar_Schindler https://en.wikipedia.org/wiki/Emilie_Schindler https://en.wikipedia.org/wiki/History_of_the_Jews_in_Poland https://en.wikipedia.org/wiki/The_Holocaust https://en.wikipedia.org/wiki/World_War_II https://en.wikipedia.org/wiki/Liam_Neeson https://en.wikipedia.org/wiki/Ralph_Fiennes https://en.wikipedia.org/wiki/Schutzstaffel https://en.wikipedia.org/wiki/Amon_G%C3%B6th https://en.wikipedia.org/wiki/Ben_Kingsley https://en.wikipedia.org/wiki/Itzhak_Stern
Ideas for a film about the *Schindlerjuden* (Schindler Jews) were proposed as early as 1963. Poldek Pfefferberg, one of the *Schindlerjuden*, made it his life's mission to tell Schindler's story. " https://en.wikipedia.org/wiki/Schindlerjuden https://en.wikipedia.org/wiki/Poldek_Pfefferberg
The story is very emotional and you hardly could resist to live in the tension of the movie without being impressed.
My today's story is somehow an inverse list of Schindler - with the shillers we want to see out of this crypto world.
According to many definitions, a shiller is:
"**Shilling is defined as the act of using propaganda to promote something for a financial incentive.**
Shilling is a negative word often used when a person promotes something so they can earn money. But shilling can also be used when a person makes negative, sometimes false, accusations about something.
With cryptocurrencies, shillers tend to promote the crypto so that interest grows, people buy it, and the price increases.
Here are 3 potential reasons a person may shill a crypto:
A shiller may be an influencer and was paid to promote the crypto.
A shiller may be part of the team who helped to develop the crypto and wants to see it succeed.
A shiller may have bought some crypto and hopes to sell it at a profit. He tells many people how great it is so they buy it, which increases the demand, and then the value goes up.
A shiller may want a competing crypto to fail so his becomes more valuable. He tells many people how bad the competitor is which causes them to sell the competitor and buy his crypto."
I will not make a huge list of shillers (or scammers if you like), but I will recommend you to see more info regarding one or another crypto "influencer" before getting on his boat of words and recommendations.
I will just remind some og them, in a random order, because I don't want to upset them which one is more pathetic than the other.
**Ivan on Tech** https://twitter.com/IvanOnTech
We have the movie here and below you can see the Sparkster (SPRK) info. https://www.youtube.com/watch?v=pdLyQEgjCKM
https://coinmarketcap.com/currencies/sparkster/
I will let you discover more of Ivan's shillings to make your personal opinion about him.
**Ian Balina** https://twitter.com/Diaryofmademman
Another shiller with too many followers (but hey, the garden of God is so big that many people are getting in, but less brain).
There are many articles and post exposing Ian Balina's scams, so you have what to choose. https://bitcoinexchangeguide.com/chromaway-scandal-update-ian-balina-caught-godenzi-fired-and-cto-cashgrab/
**This person doesn't deserve to have the right to social media accounts, because is so toxic that even the green candle of a coin could turn in red in seconds near him.**
**Bitboy** https://twitter.com/Bitboy_Crypto
Another one! This is a cold blood professional shiller that brings this art of scamming to another level by mixing the truth in such way to make you believe all the misleading info by extrapolation.
But wait a minute! We have only guys here? How is that? They are such a soulless human beings? NO!
We have womens, too! Why shouldn't them do this?
Crypto Wendy https://twitter.com/CryptoWendyO
This sentimental manipulator, a "deep" connoisseur of crypto (until the next day) that makes me sick when I see her weeping and whining if somebody is accusing her of something.
"Shills the absolute garbage for 300 Bucks. Dumps constantly on her followers. Whenever exposed, Tries To play the Victim by Saying 'I am a mother, I am Woman' Congrats
@AlianXBT https://twitter.com/AlianXBT
on exposing her."
https://twitter.com/EmperorBTC/status/1403693064162398210?s=09
All that messages recorded here are making you wondering how could the people be so naive?
Well, there are many, many others ready to make you believe the next investment of you will moon if you are listening their advice.
So, my last final words, as a conclusion, BEFORE making an investment, BEFORE listening to someone, make a deep research and try to discover what happened with other previous predictions, not one, two, but at least 10, because nobody is perfect, nobody could see the future (as I know, until now), but according to analysis and researches, it could choose good projects. So, 7 of 10 is a good score.
Test it!
The most important rule in investments is to not lose your money. You can miss some profits, but don't lose all your money, because is so hard to make others. Occasions will come and go, so you'll catch the next one, but you need to have the money for investing.
Cheers!
The invention of lying or how could the World look if we would speak only the truth
we are facing day by day a Guerrilla informational war and we are exposed to many, many sources of news, from the classical TV and radio news programs to on-line stuff, and this is causing a rapid absorption of it. We receive news on facebook, twitter, whatsapp, reddit, websites, news aggregator apps, on line tv channels, etc https://www.merriam-webster.com/dictionary/guerrilla
The speed and the quantity of the news we are dealing with is provoking an intoxication for the most of us, and what is even worse, not all the info are true.
This is what fake news is. And also, we are facing manipulation for getting a certain reaction from us. In this way, some honest people could be harmed, some bad intentions people could take advantage of the situation and we, the public, are there to approve or disagree with a certain action. Why do they need us, because if the protests coming from us are going to become a big wave, nobody could resist it, even if your function is to be the President of the United States.
Photo by **Joshua Miranda** from **Pexels** https://www.pexels.com/@joshuamiranda?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/white-and-black-letter-blocks-3989901/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Some decades from now, a film tried to explain how could become a world without liars: "The invention of lying" is "A comedy set in a world where no one has ever lied, until a writer seizes the opportunity for personal gain." (according to imdb website description). https://www.imdb.com/title/tt1058017/
Screenshot from the movie. You have the Official Trailer here. https://www.youtube.com/watch?v=RhRnmyBjOLs
It is a real drama what Elon Musk and crypto world relationship is becoming. First, we had the declaration of love. For Doge. Second, BTC become the wife and after a short marriage, the divorce was declared. Why? There are many why:
why Elon became a fan of BTC? I am sure he knew all about it: what it means, how it's produces, who is doing it, etc
if Elon knew all of these, why the first declaration of engagement followed by marriage and a divorce, later?
if Elon didn't know about what he said he found out about how is BTC consuming energy (but this should be out of discussion, because Elon ain't stupid or misinformed) than he should be like a below average person who wants to be a (lousy) businessman
Recently, more posts wrote about the pressure of the Tesla's shareholders to Elon for dropping BTC from his hands.
https://www.cryptonatter.com/uncategorized/elon-musk-was-pressured-by-teslas-shareholders-to-drop-bitcoin-payments-says-kevin-oleary/
https://cryptopotato.com/elon-musk-was-pressured-by-teslas-shareholders-to-drop-bitcoin-payments-says-kevin-oleary/
Of course, this is also a speculation of Kevin O"Leary, a public figure in investor's world. So, what is the truth for us, the non important players in this world of big games?
If we could live in the "Invention of lying" movie universe, maybe Elon will play the main character role and start lying for a certain benefit or goal.
This is not the first case of reading something on the news and the real reason is absolutely different: "X decided to step out for personal reasons" could hide an agreement for a quiet resignation and an easy replacement instead of a big scandal that could affect the company and the persons involved.
I personally "helped" for a board member being debarked because he liked honey too much and did this with both hands for some years, but the reason revealed to the people for his living was "In search for new opportunities and personal projects".
So, try to read between the lines, judge if this person could be so stupid to take that decision and if not, be sure it is something else involved.
How to get an Airdrop as a ORAI holder - the most interesting oracle project
hi guys
In the last weeks, ORAI announced the preparations for their newest sub-project under the ORAI umbrella: aiRight, an Artificial Intelligence Apps Marketplace.
There are several things to know:
aiRight will have their own token: AIRI
any ORAI holder could claim these tokens under some conditions
for the same amount of ORAI, you could receive 8x more AIRI than other holder, if you are a Validator, or 4x if you are a Delegator or Liquidity Provider or 2x if you are staking or auto-compound ORAi on Ethereum. Regular holders (on wallets, not on Kucoin exchange) will receive the normal airdrop amount.
In the table below you'll see all the calculus regarding this airdrop. You should only know the maximum upper limit for a single airdrop is 200.000 AIRI.
The initial supply of AIRI token is 2 billion and the tokenomics was reviewed in the last days for a better ecosystem.
**What should mean entering in aiRight universe (or, multiverse, if it's crosschain) ?**
*"aiRight is the world’s first all-in-one NFT creation and copyright management platform.*
*Users can generate AI NFTs, protect origin with copyright issuance, trade and tokenize unique artworks, taking advantage of our complete royalty mechanism for contributors on-chain.*
*Oraichain is proud to be the ecosystem provider of aiRight: securing AI functionalities via AI Oracle, accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs."*
So, we have another NFT player, made on Cosmos SDK, but with AI improvements.
We will see what are the advantages of it in the next months.
AIRI will be used as a Governance, Farming and Utility token. https://blog.orai.io/airi-token-4cb47fe1f7a6
As a result of ecosystem development, AIRI will be in the center of these actions and the utility of it will increase.
ORAI's part is for securing the AI on-chain for various blockchains, so it needs to stay less involved in these subprojects.
**To know more about ORAIchain, you can read these:**
*"Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Oraichain data oracle platform aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications. Founded by Dr. Chung Dao, Oraichain’s mission is to be the portal between AI and blockchain technologies, serving as a foundational layer for the creation of a new generation of smart contracts and Dapps leveraging AI.*
*Unlike regular oracles using raw data, Oraichain’s AI oracle uniquely uses AI APIs to process and create data on-the-fly via virtual machines on smart contracts. Data quality, reliability and security are enhanced by using test cases, which help to avoid intermediaries, increase trust and open up unprecedented application functionalities.*
*Beyond data oracles, Oraichain interconnects Artificial Intelligence and Blockchain technologies. With AI as the cornerstone, the Oraichain ecosystem contains an AI marketplace, a Data & Request Hub, Publisher Service, Training Service, and Dapp Hosting.*
*Oraichain network provides the infrastructure and consensus mechanisms for Blockchain and AI training. These interconnected ecosystems accelerate the development of Web3, DeFi, enterprise and academia applications. yAI.finance is the first use case of Oraichain, a DeFi platform using unique AI-based features and strategies. aiRight brings AI NFT creation and copyright generation to blockchain. Oraichain AI Marketplace offers AI products and APIs with the goal of becoming the one-stop-shop for Artificial Intelligence services."*
How to get it?
There are several ways. The simplest one is by acquiring it directly from a DEX, like Uniswap, PancakeSwap or WaultSwap. You can just hold it and that's it! You will receive the airdrop.
If you bought ORAI from a CEX, like Kucoin or Gate.io, for example, you will need to transfer it on a personal wallet. Metamask, Coinbase Wallet or WalletConnect. I'll tell you why: it is necessary for the **4x airdrop**!
You have all the available markets here: https://www.coingecko.com/en/coins/oraichain-token#markets
Now, if we are going to make the 2x airdrop, you just need to become a staker of ORAI on Ethereum blockchain. It's not so complicated, so I will not enter in details here.
Some details about becoming a validator, staker and delegator are also HERE, and I will explain how to become a delegator, because is a relatively simple procedure and with high results for this airdrop. https://blog.orai.io/oraichain-mainnet-orai-native-tokens-staking-1d9c00268604
**The process of becoming a Mainnet delegator:**
Step one - having ORAI in one of the wallets: Metamask, Coinbase Wallet or WalletConnect (with also some ETH for transfer fees if you bought ORAI from KUcoin, for example, where is available only ERC20 blockchain for it, or BNB, if you have ORAI on PancakeSwap or other BSC platform)
Step two - open **bridge.orai.io** and connect the wallet where you have the ORAI http://bridge.orai.io/
Step three - open **https://scan.orai.io** and make an ORAi native wallet. You have all the details here https://youtu.be/QgxSHAekj9Q
Step four - after connecting the wallet, you need to choose one of the following. You will pick - ORAI ERC20 or ORAI BEP20 to ORAI NATIVE
Step five - fill the data from the next window with ORAI address from the Native Wallet and the amount you want to transfer
You can copy the address directly:
Step six - confirm the data you entered and the transfer fees on Metamask and wait for a couple of hours until the transfer is done (now it's made manually by the ORAI team)
Step seven - after you have the ORAI in the native wallet, you will connect it to the ORAIscan like in this video https://scan.orai.io/validators https://youtu.be/u8-fr-iixjM
Press on Validators and choose one or more from the right column and pick the amount you want to delegate.
That's it.
I hope you'll enjoy this!
Cheers!
The fight against Ransomware attackers is getting new sustainers. Directly from White House!
The hacking is not a new concept. From simple and innocent actions to more elaborated and a lot of money lost because of it, any of these actions are in the category of hacking.
Also this term has some sub categories, related to what are the perpetrators want.
You can read more here - https://www.jigsawacademy.com/blogs/cyber-security/different-types-of-hackers/
or here:
https://www.techfunnel.com/information-technology/different-types-of-hackers/
or you can search on the internet the types of hackers "living" around the globe and maybe you'll find something interesting about what nations have the most "talented" bad influenced beings.
There are many articles like this and you be enlightened if you are not familiar with what the hackers do and why.
The conclusion is: the hackers could be with good (to find sensitive points of the systems for repairing it) intentions or bad ones (when they are having criminal intentions - to steal data for getting profit, blocking systems for asking ransoms, etc)
So, this is the context.
We are living in an imperfect world, but this is also good, because without dangers, you cannot strive, we will become weak. So, let's continue!
The last issue happened in the US and Australia few weeks ago:
"*Brazilian meat supplier, JBS, was the victim of a ransomware attack that’s been affecting their systems for the past two days. Across its North American and Australian businesses, work has ground to a halt for* *thousands of employees**.* https://www.ft.com/content/00eca8fc-4278-4c98-ace3-5967fe3bbd11
*Due to the attack, 7,000 workers in Australian slaughterhouses and at least 3,000 workers across the U.S. and Canada have had working shifts canceled."*
This is hurting thousands of people, making losses of millions and is provoking big disturbance in the economy.
Because this is only the last major hacking crisis, the White House decided to get a Combat Plan for avoiding this kind of actions in the future. There are four major directions to follow:
*" 1. Distribution of ransomware infrastructure and actors working closely with the private sector.*
*Building an international coalition to hold countries who harbor ransom actors accountable.*
*Expanding cryptocurrency analysis to find and pursue criminal transactions.*
*Reviewing U.S. ransomware policies."*
How is this going to influence crypto markets, privacy, decentralization and censorship resistance of coins, we will find in the next months, but:
despite of SEC and US regulations, crypto will always exist - even if will be forbidden to be traded on centralized exchanges, Peer 2 Peer will always be a solution.
As we could see now, it's not necessary to use only privacy coins like Monero, Zcash or Beam for being untraceable. A lot oh hackers are asking ransoms in Bitcoin. This is because BTC is censorship resistant and you can have enough anonymity to leave without worries after receiving an amount in your wallet.
Only the foolish are caught.
So, even if SEC is having trials with Kraken, Ripple, LBRY, maybe soon with Binance and others, even if BTC or ETH would be traded on centralized exchanges only by users with KYC and the decentralized exchanges will be outlaws, even the market will suffer for a while and the bear market will spread the claws to the whole crypto space, there always be a place where criminals could act as they whish, so only the good guys will suffer.
This is my opinion regarding what is happening if new rules will appear for crypto space. I don't have a solution for stopping criminals. Maybe using private blockchains to block 51% attack. Maybe. I am not sure now, but it could be a solution.
What do you think?
Lead Photo by **Anete Lusina** from **Pexels** https://www.pexels.com/@anete-lusina?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/crop-hacker-silhouette-typing-on-computer-keyboard-while-hacking-system-5240547/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
This Tesla's competitor will launch an Electric Car That Mines Bitcoin and Dogecoin!
I didn't want to post something today, but this news made me change my mind and share it with you all those ideas that crossed my mind.
What a brilliant idea for adoption to make this come true: using any electric device as a node for mining or staking coins!
of, course, there is the issue of not having the nodes permanently on. Maybe it can be done for staking, because the energy consumption is significantly lower than mining.
https://u.today/tesla-competitor-to-launch-first-electric-car-that-mines-bitcoin-and-dogecoin
What a story!
I am very delighted!
I am just wondering how the loudness of the miner will be diminished, because we know that something more than 40 dB is annoying.
According to this article, the canadian electric car constructor will make this feature available for their cars. This is a clearly marketing hit for a big part of the population!
If they are showing how will fuel the car stations with green energy, the success is guaranteed, and maybe even the dark lord of crypto now, Elon, will reconsider his way of treating BTC.
And if we go further and we'll use any device connected to internet (not only computers) as a possible node, like other projects are trying to do, we will have a huge decentralized network.
In this direction, I've read about some attempts of Restart Energy team (MWAT) to make a node from every energy meter they install. I know they ar elooking for cheaper solutions, so their plan is still on development.
If any fridge, aircon, tv or radio could work as a node (with the help of fotovoltaic panels, I hope), than a new world of decentralization, validators and adoption will be in front of us.
I will not talk now about security, use cases or other things, but only about the idea of making the world of blockchain closer to us.
The adoption is not when any of use will have a wallet installed on the mobile phone, but when the network will be used without even knowing.
Why? Why is the blockchain important? Because when we have a lot of nodes without the danger of a 51% concentration, than the possibility of counterfeiting data is null. That means - no more backdated statements, no more covered mistakes, no more data overwritten or modified to look from another source.
What are your thoughts about it?
Photo by **RODNAE Productions** from **Pexels** https://www.pexels.com/@rodnae-prod?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/man-people-dark-top-7005622/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
If the energy consumption is solved, than, I think, this is the future of blockchain networking!
I believe that IoT (Internet of Things) projects will need to deliver faster and easier to the people to show their potential.There are some and I am looking forward to hear about it as fast as is possible.
Vechain, Iota, Helium, IOST or IOTX are some of the projects that tries to use the power of micro devices.
We will present them of Fast Forward to know the idea behind them.
Vechain - https://coinmarketcap.com/currencies/vechain/
VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.
The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
IOTA - https://coinmarketcap.com/currencies/iota/
IOTA is a distributed ledger with one big difference: it isn’t actually a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions. The foundation behind this platform says this offers far greater speeds than conventional blockchains — and an ideal footprint for the ever-expanding Internet of Things ecosystem.
Because there’s no blockchain, there are no miners, and because there are no miners, there are no fees. Many established networks see costs balloon when congestion intensifies, but IOTA aims to provide limitless throughput at minimal expense.
In time, IOTA’s goal is to become the de facto platform for executing transactions between IoT devices. Given how estimates suggest there could be 20.4 billion such devices out there by 2024, this could end up being big business.
The team behind IOTA believe that the potential use cases don’t end here. They believe their distributed ledger could deliver digital identities to all, result in car insurance policies that are based on actual usage, pave the way for cutting-edge smart cities, deliver seamless global trade and prove the authenticity of products.
Helium - https://coinmarketcap.com/currencies/helium/
Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.
Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
IOST - https://coinmarketcap.com/currencies/iostoken/
IOST describes itself as an “ultra-fast,” fully fledged and decentralized blockchain network and ecosystem with its own nodes, wallets and based on the “next-generation” consensus protocol dubbed “proof-of-believability.”
IOTX - https://coinmarketcap.com/currencies/iotex/
Starting as an open-source project in 2017, IoTeX has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.
With a global team of over 40 research scientists and engineers, IoTeX has built their EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus and launched in 2019 April, which has been running by 100+ delegates worldwide and has processed more than 10 million transactions already. On top of the IoTeX blockchain, the team has built the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains such as ioPay wallet (https://iopay-wallet.iotex.io/) and ioTube bridge (https://tube.iotex.io/), which serve ten thousands of users. IoTeX helps EVM-based DApps scale without concerning expensive gas fees.
MXC - https://coinmarketcap.com/currencies/mxc/
MXC (a closer competitor of Helium) - is building a global data network to allow wireless devices to connect and communicate more efficiently and over longer distances than currently used WiFi and Bluetooth methods. The MXProtocol and the interoperable Para-Chain network are designed to help cities, companies, and individuals profit/benefit from building an LPWAN network and using it to both transmit and manage data. Via MXC contour payments, MXC developers have devised an integrated IoT payment solution to allow automated machine to machine payments and IoT transactions to occur within a matter of seconds.
Have a look at this, add your knowledge and maybe you'll have a clearer image of what the future could transform the things for us, the internet of things.
For me, the future is great. Let's not blow it!
Lead Photo by **Mike** from **Pexels** https://www.pexels.com/@mikebirdy?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/white-and-orange-gasoline-nozzle-110844/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
PAID Network - newest Binance's favorite
How many DeFi projects got hacked in the last 2 years? Who could ever count them? And who cares? In the end, we will remember only the winners. Like in the songs and tales. And the losers will be forgotten.
All of these hacked projects will bite the dust of forgetfulness and new ones will try to take a slice of the DeFi cake.
However, from time to time, some of them are receiving an unexpected help and could continue their way to hope for success: Maker DAO (MKR) - from even Ethereum community (that's why ETC exists now, because the rest of the members who didn't agree with the decision of rolling back the ETH network decided to make a fork from it); Bancor (BNT) - more details here; Balancer (BAL) or bZx (BZRX) - at least three times! or Harvest Finance (FARM) - in October, 2020 https://twitter.com/Bancor/status/1016420621666963457?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1016499756158234624%7Ctwgr%5Eshare_3&ref_url=https%3A%2F%2Ftechcrunch.com%2F2018%2F07%2F10%2Fbancor-loses-23-5m%2F https://bzx.network/blog/incident https://cryptobriefing.com/hackers-drain-defi-protocol-harvest-finance-24-million/
We don't know what to say: why these got helped and others, not?
Could be the worth of the business?
Or the idea of the project?
Or the influence of the team to others?
Anyway, sure is that others, like YAM, died soon after their born, like a one day life of a certain fly. Read here about it:
"A community-led DeFi stablecoin YAM managed to attract hundreds of millions of dollars in a matter of hours after it launched on Aug. 11, only to die days later due to a critical rebase bug. https://cryptobriefing.com/no-audits-no-problem-defi-stablecoin-yam-attracts-over-100-million/
YAM is a modified clone of Ampleforth, a stablecoin with dynamic supply. Depending on the demand, YAM and Ampleforth can increase or decrease the total supply to maintain the $1 peg. Supply is changed by calling a dedicated “rebase” function. https://cryptobriefing.com/what-ampleforth-how-ampl-redefining-decentralized-money/
The team wanted to use YAM in the project’s governance, but the rebase function issued excess YAM tokens to the project’s treasury, which diluted YAM holders’ governance power.
Eventually, governance on YAM would be unusable.
The team tried to fix the bug by initiating a voting process to stop rebasing until the project’s governance contract is swapped. However, the initiative failed despite high voter turnout. https://cryptobriefing.com/yam-finance-defi-experiment-comes-to-a-grinding-halt/
YAM’s key difference from Ampleforth is that it automatically bought yCRV tokens whenever supply increased. By the time the team realized nothing could be done to save the project, $750,000 of yCRV were already locked in the treasury."
The project is not dead, but is far for having the shining of it's start:
Recently, EasyFi and Paid Network got hacked, you can see the details here:
https://ambcrypto.com/easyfi-a-layer-2-defi-lending-protocol-undergoes-a-hack/
and here:
https://beincrypto.com/paid-network-rewards-community-for-support-during-hack/
What should be done? Well, maybe one step is to learn from this and make better protocols. I am sure this will happen, but criminals should be creative, otherwise will dissapear, so new solutions will come to steal the money.
The insurance could be a solution for any DeFi project to cover the losses. In this way, we will be sure they will make everything they can to have the best possible anti -hack code.
**The future and the risk**
And we have the angel saviors, who came with money and know how + their market brand and try to resuscitate the business.
Both of the last DeFi reminded here, EasyFi and Paid Network are backed by Binance now.
We will talk a little about the last one.
https://cryptobriefing.com/binance-invests-100m-in-paid-network-weeks-hack/
Why should they do that? Don't think I am an opponent of this, but it's important for me why they chose this one and not others from the many of them?
Some vague clues came and said about Launchpad Platform - Ignition, where over 20 projects are prepared for launch, and the strong development on BSC, Binance's centralized blockchain clone of Ethereum.
Until this question is without answer for me, the fact is strong and will keep the PAID Network alive and with fuel for at least this year to prove they worth for Binance's time and money.
We will see in the next future what is happening. One thing is for sure: PAID will leave and, as long as we are not in the bear market, they will have the opportunity to show that Binance had right to invest in them.
Lead Photo by **Trần Long** from **Pexels** https://www.pexels.com/@tr-n-long-3093985?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/smiling-asian-traveler-with-dog-resting-on-urban-walkway-6213968/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Is Helium a really people's Network? Here is what endangers this desideratum.
The hype of this project had the climax in April of 2021, when 20$ barrier was exceeded and the investors and the miners also were the happiest in the world.
However, even now, the coin is still on top, with more than 15$ as a support price, so, this price and what are they preparing fundamentally, everything seems good.
At first, few words about Emrit. If you make an easy search on internet, maybe CoinMarketCap describes in good words what it is about:
*"What Is Helium (HNT)?*
*Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.*
*Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.*
*Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native* *cryptocurrency* *token, HNT.* https://coinmarketcap.com/alexandria/article/what-are-cryptocurrencies
*Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013."*
In several words: you buy a hotspot (node), put it in place and connect it to others like a Radio Network.
In this way, you will form a Blockchain based Long Range Radio Network used for different applications, like transmitting/receiving data from sensors well placed for controlling different devices from remote (like irrigation spreaders, controlling lightpoles, traffic lights, etc).
The owners of the nodes (miners) will receive Helium (HNT) tokens for different tasks:
covering a certain area (the most important reward in the first part)
sending and receiving signals from witnesses (also, important in the first part of extending de network)
fees for every usage of the network by his nodes (when sensors and other devices are sending data to the network)
At this moment, 44500 nodes are deployed and functional in the whole world. It's a 10 000 nodes/months. The expansion continues and should be noted there is a crisis of semiconductors and a lot of deliveries are delayed, so we should expect to see this number doubled by autumn.
Anyway, there is a budget allocated every month for rewarding those nodes. As long the sum is fixed, the only variable is the number of miners, so, if this number is growing, the rewards/miner are decreasing.
I just made a short explanation how the system works.
In the beginning, I mean, in the autumn of 2020, anybody could make his own hotspot. But, "thanks" to the people who wanted to cheat the system and declares a hotspot in a place that wasn't true, the Helium team decided to make the distribution of hotspots by approved distributors only, introducing an encryption chip.
So, Nebra, Bobcat and Rak were the first approved distributors, followed by Syncrobit and CalChip.
Good, as many distributors, more nodes to the people's network.
**But who might be the bad guy here?**
Well, among this vendors, there is another actor named Emrit who is not selling hotspots, but is somehow renting it. I mean, they deliver it to you by free, you place it and link it to a power and internet network and you will receive 20% of what that hotspot is mining. The rest of 80% is going to the owner, Emrit. https://emrit.io/
Where is the catch?
Of course, they own the device, they paid for it, it is right to receive the most part of the rewards. I don't wanna argue how much should deserve every part, but I want to mention other thing:
If you don't believe it, check their website:
https://emrit.io/
What I wanted to highlight is the number of active Emrit devices from the total number of hotspots: 27 ooo of 44500!
that's 60%.
How is a network where a single actor owns more than 50% of it?
I will let you think about it and what should be done by Helium team...
...and the statement on their website.
Please take note I like the project, I hope they will succeed, but I am just wondering if it's not a good step to take care of how many nodes should own a single company.
And this question is for any crypto project.
The Apple of my eye
what if...
indeed: what if a giant is overwhelmed by another one? If somebody with charisma, lot of money, awareness and influence is having his place on the stage - a lot of people will listen to him. And, for sure, some statements will influence the people's decision and the market, finally. So, if the stories are in the favor of the price increasing, the people will be happy and the market will prosper. But what if, suddenly, the same "prophet" will turn 180 degrees and will tell the opposite in just few months after the first position?
The whole thing will fall apart?
Any guess?
If nothing blinked in your mind, then Elon should remind you of something.
Photo by **Chad Russell** from **Pexels** https://www.pexels.com/@theidahoan?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/two-white-and-red-tesla-charging-station-2480315/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
**What if people will say: I'm not buying electric cars anymore. It consumes electric energy (like Bitcoin, for example), and even more - what are we doing with the car batteries after the functional period and how much pollution do we create by making it?**
That was just an intermezzo about how FUD could influence something that should be in the end of the line a good progress for our society.
**But who is the other actor? Or (I hope) the others?**
There are rumors about many of them preparing to embrace crypto, from Governements to Banks or other big corporations. We know something about Ukraine Government, some China with their CDBC or IBM, Microsoft, JP Morgan and others.
But we need an iconic brand to embrace this domain, to show it is more than an energy consumption sector and rather a good way to avoid counterfeiting or laziness of the people who work in administration. I will not debate here about use cases and advantages of using blockchain technology, I will stay focused on the bigger picture: **the adoption and the obstacles met**.
Of course not everything is nice in crypto, like in any other domain: bad people are trying to take profit from this new niche and will apply different strategies for this. This will keep the most of the people, companies or institutions far from it, until something or somebody big will come and make it an example from their act.
That's why I think when a triple AAA is coming deep in crypto, they will be followed by others with more enthusiasm.
This is what we need. News from
Apple
Amazon or
Alphabet
regarding their intentions and actions in crypto space. What could be more enforcing that seeing this giants united to bring crypto closer to us?
You have the whole article here:
https://zycrypto.com/trillion-dollar-tech-giant-apple-could-be-about-to-storm-the-crypto-space-in-grand-style/
Photo by **Alexandr Podvalny** from **Pexels** https://www.pexels.com/@freestockpro?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/woman-spreading-white-textile-341372/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
We will see more hope that this blamed crypto world could become as usual as driving a car.
That's why I think that a giant in mass media like Tesla's founder could be countered with other giants and, most of it, with other giant's actions.
So, let's keep our faith that sooner that we believe, we will see blockchain used more than we expect or imagine now.
Lead Photo by **Ike louie Natividad** from **Pexels** https://www.pexels.com/@iamikeee?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/photo-of-woman-near-apples-2696802/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Did you missed the last DIP? Here's why
Even when a bull trend is clear, some level retests are happening, so there are some periods when you can take the advantage of these pullbacks for making a big or a smaller profit.
It's not the case now, but everything is relative. If we are looking on a very long term, let's say, more than 10 years, than the trend of Bitcoin is to go up.
As you can see, even we have a drop on the last part of the chart, the direction is clear.
If we are looking on a smaller period, we can see a downtrend and sometimes with very big drops.
Look at this monthly chart of BTC vs USD:
So, everything is relative. For a day and medium term trader, could be moments of accumulating more coins.
There are some rules for many of them: anything you do, anything you trade, the final goal is to gather more Bitcoin. Why? Because, finally, this is the king of crypto and the queen of hopes lives inside it. If BTC dies, any crypto dies (at least at these moments and for the next 3 years). Bitcoin is the one who give the direction. Up or down. There are some explorations to brake this link, maybe Ethereum will be the first who will succeed, but it has to pass more time to see this.
Catching the DIP
So, how can we predict those moments when is the best to go in stable coins, wait for the big drop and buy more BTC or any other coin that could bring big gains?
The answer is as simple, as dissapointing:
**We can't.**
Why am I saying this when many people is publishing their predictions made few days ago?
Because you can give credit to someone only if is able to predict almost all the trend changes, not only one of five, for example.
So, if you see someone being happy for guessing this price drop, ask from him the last 10 big trend changes and maybe the last 100-1000 trades to see his average rating of successful trades.
Only that person could be a possible guru of price predictions, but even him could not be 100% accurate. Why? Because shit happens? For example, who the hack could guess that Elon Musk, after his BTC love affair started last year, will declares his reversal decision?
And please, don't come with weak arguments just for the sake of discussion
I followed some traders, not all, just some.
Well, now they are fighting: some of them couldn't predict the DIP and go shadowing, hiding from the public, some of them admits they were wrong and a small part is happy for guessing the correct trend.
Can you make a rating of how many were wrong and how many were right?
Can you make a rating of how many were right this time and also, guessed the right direction in the last 10 trend changes?
Almost always, you'll see three answers for the same question, resuming to:
If you succeed, just tell me who are the winners. I'd like to know them.
So, what could you do?
Look for traders that publish their score sheet of trades, to see his ratings.
After you identified a good one (or fewer - is better), listen what they are saying and see if you match with their way of action.
And the last thing, if you are happy with that traders, you could listen to them, but only with half of your money, because NOBODY is perfect!
So, meditate about these words and tell me what you think.
Lead Photo by **Budgeron Bach** from **Pexels** https://www.pexels.com/@budgeron-bach?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/ethnic-woman-getting-box-with-surprise-from-boyfriend-6532867/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Be a part of the ones who eliberates the BCH network!
yes, it could be done!
Bitcoin Cash is a faster and much cheaper blockchain network than Bitcoin, but it has it's limits also.
It seems a lot of micropayments is causing it delays and abnormal behavior, like a much bigger transaction fee from time to time.
@PVMihalache post on noise.cash reminded my of this problem, so I make a post here for the newcomers, to take care of this point. Thank you Paul!
That's why is important to take care of it and try (for us) to make some actions to protect us for this issues.
What could be simpler than reducing the amount of transactions we generate between two addresses?
So, instead of sending every part of a cent to our personal wallet, we could gather an amount, let's say - at least - 1 $, and only then to allow the noise.cash app to send it to our wallet.
Here is how could you do it:
go to your profile in the top right corner and choose **Wallet**
modify your minimum payout to whatever you like. I put for my wallet a 5 $ limit, but you can make it 1 $ or 10$ or even 100$, as you wish.
The most important thing is to make less payments than now. This could be our contribution to make this network run as good as is possible.
Anything has it's limits, and maybe BCH was trying to show more muscles than has, but now it's time to do only what it can do.
Of course, there could be a controversial discussion about what they said versus what they really could deliver. I know, but any network has it's flaws:
Bitcoin is much slower and expensive and, despite of the astonishing number of miners, the power of decision could be concentrated in the hand of a few, also - there were some situations when the network of the crypto king was stuck, as you can read below:
*"PSA: If you want to buy BCH with fiat, do not buy BTC and send it somewhere. Buy ETH and send that. The BTC network is jammed.*
*Just thought I'd put up a brief notice, I see people routine-buying BTC and transferring that to an exchange to trade. That's a huge mistake, because the BTC network is completely clogged. The transfer times are currently half a day or more.*
*As of this writing, 125000 unconfirmed transactions waiting.*
*https://blockchain.info/unconfirmed-transactions*
*If you can buy ETH with a credit card, do so, and then change the ETH to BCH at either Shapeshift.io or at the exchange of your choice.*
*Edit: Transaction count is now at over 150000, things are getting worse, not better.*
*Anyone who has BTC in transit might want to consider accelerating it (ie, bribing a miner to get it priority...) -* *https://pushtx.btc.com/#/* *perhaps. I hear they take BCH to accelerate BTC, even.*
*Edit 2: transaction is down to a "mere" 100000 or so 24 hours later, but only because the hash power is temporarily on BTC until BCH difficulty adjusts again after the upgrade at 7 CET. Still a really bad idea trying to move BTC, and if you're in a hurry, pay an accelerator site if you already started to."*
https://www.reddit.com/r/Bitcoincash/comments/7caqre/psa_if_you_want_to_buy_bch_with_fiat_do_not_buy/
Ethereum became even more expensive than Bitcoin, because of it's complicated Smart Contracts and the fees could be measured in hundreds of dollars and, for certain transactions, it doesn't even guarantees you will complete it. Look at DEX-es: you could try to buy or sell something, set the slippage at a reasonable percentage and authorize the transaction and you'll see after few hours that nothing happened but your fee money are gone.
So, try to use every network in it's own way and make your actions according to it.
Let's go shopping crypto - part 2
hi guys
this is the second part of my post, and I see there are still battles at the Bitcoin support, so, we are not sure of the trend is steady or it's going deeper.
We'll see only if BTC is below 30 k again.
But even if this is happening, you should know there is a future for BTC. Remember the price few months ago. We didn't pass above 10 k and now ... More than that, in march, last year, we've seen an 3650 $ limit, and even now we are almost 10x than that price.
Anyway, for an experimented trader, the money is made also on bear market, but for the rest of the people, the best option is keeping the portfolio (if the projects are good - I will still remind this with every occasion).
Photo by **Myicahel Tamburini** from **Pexels** https://www.pexels.com/@myca?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/man-standing-in-the-middle-of-road-1553783/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Let's continue with my picks for the next crypto bullish market.
This is a summary of what I will present today:
AutoFarm (AUTO)
Oraichain (ORAI)
Venus Protocol (XVS)
AIOZ Network (AIOZ)
Router Protocol (ROUTE)
AutoFarm (AUTO) is a competitor for Harvest Farming (FARM), AAVE, Compound or any other Yield Farming protocol. It is based on Binance Smart Chain, so the fees are very low and the attractiveness is related to it's **Market Cap vs Total Value Locked ratio = 0.018.**
I will look for this kind of Yield Farmers with a very low ratio vs TVL because it will bring me future rewards in a high manner.
More info here - https://coinmarketcap.com/currencies/auto/
With an actual Market Cap of 17 million, is a future gem for the next upper trend
Oraichain (ORAI) - the Oracle with Artificial Intelligence steroids! This project should be a star in the next future, because of it's goals that are starting to materialize: DeFi app, NFT side or AI Marketplace.
The Market Cap now is under 12 million, so we have a lot of space to go up when the moment will come.
More info on this link - https://coinmarketcap.com/currencies/oraichain-token/
Venus Protocol (XVS) -
is a Binance and Swipe backed DeFi protocol, with a spectacular growing from near 3$ until 160$ in the last days, but now it is under 30$, an incredible price two weeks ago.
The market cap is much higher than AUTO - 266 million, and the Market Cap vs Total Value Locked is 0.1275, but this could become also a good bet for the next market raise.
Start your research from here - https://coinmarketcap.com/currencies/venus/
AIOZ Network (AIOZ) - a new actor in decentralized media - with a (partial) competitor in Theta Project (THETA) or Odysee.com )LBRY).
The goals are to become a decentralized media content provider, such video streaming, live content, NFT, etc
The market cap is 19 million now, but you should be aware there is a Max supply of 1 billion tokens, more will appear as a reward for node keepers (just download the app from their website and start running it).
You can see more here - https://coinmarketcap.com/currencies/aioz-network/
Router Protocol (ROUTE) - the next gen DeFi on Ethereum! This is a Layer 2 protocol that will allow very low fees on Ethereum Blockchain. This will increase the DeFi transactions and will bring more value for this project.
The next big step should be in autumn, so we will wait and see what is happening. In the meantime, try to gather more. It's time for shopping.
The Market Cap is now almost 22 million, not any token is released yet, but if you do your research, you'll see the price is nice even if we calculate the Fully Diluted MarketCap (132 million).
More info here - https://coinmarketcap.com/currencies/router-protocol/
And that was the part 2 of this hidden gems. I presented you as a study material, maybe you'll choose something for your portfolio, but after a deeper research, of course.
Until the next meeting - cheers and learn! This is the best tool for being healthier in any ways of meaning.
Lead photo by pexels-karolina-grabowskakra
Let's go shopping crypto
Hello guys
I cannot say I am sad because the market is going down. I could's say I am happy, neither. But we need to deal with the things we are facing, so, let's see what can we do now:
as I stated in a previous post, if you are a big class crypto investor and (almost) all your holdings are (already) down, you have the 4 options:
sell and accept your loss, maybe reentering at a lower price if it's possible
HODL
buy more, for making a Dollar Cost Average with your portfolio
buy new good projects at a discounted price
**The key point is looking for solid projects, not some balloon type, with no sustainability, like Safemoon or stuff like that.**
Remember this before throwing your money in crypto and you will be safer when dark times are coming (and the BTC is still 2 times bigger than in January!)
Photo by **Karolina Grabowska** from **Pexels** https://www.pexels.com/@karolina-grabowska?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/roll-of-american-dollar-banknotes-tightened-with-band-4386476/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
**Averaging our entering price of investment**
Let's say we are having in our portfolio only good projects and we are trying to make a Dollar Cost Average. This will give us a better gain for the next up, so the next step is to easily monitor what is happening next: if the price is going up, we are in a good position. If we are still dropping, we can make another buy at 30% lower than the previous acquisition.
Photo by **Anna Nekrashevich** from **Pexels** https://www.pexels.com/@anna-nekrashevich?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/photo-of-person-holding-smartphone-6802042/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
**But what about new opportunities?**
Not everything is bad in a price dipping situation. We can catch something very promising for the long term. But where should we look now? This is an opportunity to fill our bags with something we missed at the right moment.
I will not make an impressive flow of words now, but I will start to mention some projects to take in consideration. The order is random, so, you'll make your prioritization as you consider:
ROOK (Keeper DAO) -
TL;DR (too long, didn't read) - Keeper DAO is "a decentralized organization that provides liquidity to markets of smart-contract-based solutions, by providing the underwriting of contracts. These underwriting contracts are created in order to give an incentive for participation in the KeeperDAO. https://coinmarketcap.com/alexandria/glossary/smart-contract
KeeperDAO will provide an on-chain liquidity mechanism using derivatives. Token holders will be able to collateralize their balances, from which they can either liquidate and regain access to their collateral or lock the collateral for a set period in order to draw earnings."
The price is going deep down and I will hope for new lows.
It could be a complicated mechanism, but in short - this project is an automatic investor. Take a look at it and we will talk later.
You can have a starter point for research here - https://coinmarketcap.com/currencies/keeperdao/
TRB (Tellor) -an Oracle like Chainlink, BAND Protocol or DIA, backed by Binance Labs and listed on their exchange, with a very small max supply
More resources here: https://coinmarketcap.com/currencies/tellor/
CAKE (PancakeSwap) - the Uniswap of Binance Smart Chain. I had a quite adventure with it, but my bet is on this platform. Buy some, stake it on their platform for a nice yield doubled (or tripled) by the price gain in the future
You can start reading from here - https://coinmarketcap.com/currencies/pancakeswap/
Harvest Farming (FARM) - another farming aggregator, with some quite history here - with two chains onboard: Ethereum and Binance Smart Chain.
Also, good for buy and staking in these moments.
Link with charts, documentation, etc - https://coinmarketcap.com/currencies/harvest-finance/
Syntropy (NOIA) - the web 3.0 on blockchain - a censorship resistant internet. What else could you desire more as a sustainer of independence and liberty? The price is trying to go to the level of february and yes, I'd like to see it even lower, because this is a solid project with nice returns in the near future
Almost all you need to know is here - https://coinmarketcap.com/currencies/syntropy/
That's all for now folks. You have some material for study. Take a look and give me your thoughts and maybe suggestions for other projects.
This is only the first part. I will have at least another 3 episodes with 5 projects to look at on each one, so, keep in touch!
Lead Photo by **Karolina Grabowska** from **Pexels** https://www.pexels.com/@karolina-grabowska?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/push-cart-and-a-white-paperbag-5632402/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
What to do when the market crash is happening - a HODLer guide
How are you guys? A little shaken?
Some of my friends started three days ago to exit in stable coins. Now they are happy. I know they could have right (and they did), but I'm a holder, so I am not sad if my portfolio is decreasing for the moment, but a little envious a didn't have the guts to sell (at least) a part of my portfolio to buy it back with more than 30% gain. But if I will have the opportunity again, I will still stay and make no move, because I had more than 5 situations like this when I sold and then I couldn't jump in the train again and I lost many, many X-s.
So, that's it!
We are here - staying. If you have strong hands (the opposite of weak hands) - you'll wait and wait, even the coins are going even deeper. All that matters is the fundamental of the project: if it's good, sooner or later, you have your money back and even more.
**What to do now?**
There are at least 3 big scenarios now for anyone of us:
**You sold early and now your ex-portfolio is less-valuable than the moment you sold**
If you are sure about your projects and they have strong fundamentals, you just need to buy it back with a nice discount. Good opportunity for increasing your bags. Simple as it is.
**You sold at the most least favorable moment - when the coins were in the deepest sh..t and now the price grew by 20-50%**
Now, your situation is the worst. But for the moment. We can have two situations for the next period:
**the market is recovering:**
now your are in a really unfavorable state: maybe you can enter in the same coins and accept the diminishing of your bag or you can jump in other coins hoping to recover your loss (attention - choose wisely, because the new coin could go down as well)
**the market is going even deeper** - then you will get into the situation no.1
**You are a holder**
that means you didn't sold. You are safe regarding your crypto bag, but uncomfortable because your portfolio value decreased - more or less.
In this case, if you can, I will choose to make a DCA (dollar cost averaging) and buy more coins from your choices and have in that way a smaller price/coin than the first moment when you bought it (if it was a bigger price than the actual). For example, I bought some ORAI (which I believe is a good project) at 30 $ (for long term, not for a short trade). I will buy the same quantity at 12 $ to decrease my average to 21$. A decent price, I could say.
What could you do if the market is going even deeper? Continue to buy at a smaller price or wait.
**Remember, if your project is good - the value will increase in time at a bigger size than before the crash.**
This is not a financial advice, anyone should decide for himself after a strong research.
Bitcoin Suite vs Ethereum Opera
We are in a long bull market and new highs are claimed by both, Bitcoin and Ethereum. They are almost anytime, the first ones who give the sound of the crypto melody, if we are going up or down. For a while, Bitcoin was a solo instrument concert, but it is not for a long time, so now we have a plenty of sounds now in this our dear crypto space.
Of course, we hear first the most profound tones, which are a Bitcoin String Bass and followed by Ethereum's Cello , but it seems we are facing with more and more players who are willing to remain and prove to be worthy.
Until this year, it seems Bitcoin is having the most important part to sing in this show, but, as the moment of Ethereum's 1559 event is coming, it seems we see some detachment between these two players and ETH is trying to find it's own independent way. https://coinmarketcap.com/headlines/news/EIP-1559-What-it-means-for-the-Ethereum-Blockchain/
Along with BTC and ETH, many instruments also were starting to play in this concert or some of them are trying to make their own show.
Look at Cardano, Polkadot, Solana, Cosmos, even Elrond or some other platforms.
On the other side, there are instruments that would try to be useful in as many type of concerts possible.
We are talking about cross chain projects, like pNetwork, Quant, Cosmos, Mantra DAO, Wanchain, etc. I'm not saying all these projects will have a future, but they are trying to assure it for them.
Also, there are more and more teams who tries to bring an upgrade on the actual state of the platform, to make it faster and cheaper, like Polygon (ex Matic), EasyFi (EZ), OMG Network (Ex OmiseGo - OMG), etc
Them the decentralized finance had a revolution last year because of the Uniswap concept and may other swaps appeared as soon as possible:
Sushiswap, Quickswap, Waultswap, etc
Everybody is trying to do something useful, for them, first, but also for crypto space.
Even Binance, who saw a good opportunity to address the market who doesn't care about centralization once they are getting into a Liquidity Pool, so they made Binance Smart Chain, which is a copycat of Ethereum blockchain, but centralized and faster and cheaper because of this. And look what monster are creating!
I want to mention only the kitchen related suite CAKE, BAKE, etc animals or any other thing you could think of it: BUNNY, AUTO, FARM, CREAM, etc
They are doing almost the same thing, but looking a little different:
All those are DeFi and crypto adoption instruments, but I'm not sure it doesn't have the effect of an energizer - strong at first, but not so good on long term, because many could become disappointed of the consequences.
And now, since few months, another type of instruments are trying to get a slice of the CAKE (no, i'm joking, not from the CAKE, but from the whole crypto): NFT's.
It seems everybody has something to make it unique and memorable and ready to sell.
When somebody quite influencing will state something bad about NFT, or show the majority of it are useless, the fever will pass and probably something different will show up to profit from this.
And, the most negative part in the crypto world today is the meme coins bubble. It was needed for a single Elon Musk declaration to make DOGE explode. And what is happening when something is doing well? Right, the imitators (funny, the imitators of an imitator) appears: SAFEMOON, SAFEMARS, SHIBA INU, AKITA INU - all with billions of billions of supply, made for getting your attention with their minuscule price.
That's it, We have a lesson to lear. Soon.
In the meantime, solid projects are trying to build and probably in the next few years will have the most important part to play in this music.
The question follows: who is the next Rockstar?
Photo by **Wendy Wei** from **Pexels** https://www.pexels.com/@wendywei?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/grayscale-photography-of-man-with-guitar-performing-on-stage-1918159/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
The pseudo fundamentals of Bitcoin, provoked by Tesla
We are living such a volatile market that could indicate we are still in a so early era for crypto market that we cannot be sure of the trend in this market. We are in a bull period and after few hours we could be in a bear market, just for a fact that one company (from thousands and millions others) could make an announcement and influences in this way the whole ecosystem.
It is fair?
It is normal?
In a mature market, from an actor of this dimension, no.
Photo by **Daniel Torobekov** from **Pexels** https://www.pexels.com/@alohaphotostudio?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/big-aquatic-turtle-swimming-in-blue-sea-5560909/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Like a turtle in the ocean. This should be the effect of a company's announcement who has less than 0.5% from the Bitcoin Market and less than 0.2% from the total crypto Market Cap.
But what is happening?
This single decision is stronlgy affecting the whole market.
And why? Because we are still weak here and any public person or big company could turn the market sentiment upside down. Tesla was one of the biggest and most well know companies who accepted a crypto currency as a payment and the hopes of getting new adopters were high.
But it seems something was turning bad for Elon and he needed to reconsider his decision. Maybe is based of his carbon credits that Tesla receives for it's electric cars.
Maybe is for recovering the PR score because many people is accusing them for stimulating global warming and energy waste caused by BTC mining. I don't know now, but what is sure is they made more bad then good for the crypto market in this moment. A person you didn't marry could have a second chance other time, but one you took it and after that you leave it, is in a worse position.
Look how a single company could affect the king of crypto world!
This shows how weak we are and how long is until we will grow enough to step forward despite this kind of announcements.
Crypto market is an enthusiast one, a modern Wild West where the most powerful is the most informed and the quickest in the market. Here, even small investors could become millionaires if they have the guts to buy something (even without solid fundamentals) and stay until the moon. Is not easy, you need to have strong hands and mind and remain on your proposed target.
Like somebody was posting on Twitter, there are 15 years old persons who invested in coins like Safemoon, Shiba or Akita and now they are richer than many of the rest. How is this possible?
Never mind!
It's happening in the real world also. It's true, not so often, but it's happening.
Keep continuing to stick to the plan, but adapt to the new times and allocate a small portion of your budget to this complete shitcoins.
We had bad luck this time. Too much knowledge made us be careful while others became millionaires. That's it. It could be a failure. And maybe it will, but until then, some of this no brain investors took advantage of it.
Let's concentrate on the market. Like I said, we are young. Still too young to compete with the real world, so we shouldn't be worried when we receive some uppercuts and we fall. We need to take a deep breath (or two) and get back again. We need to continue decentralization, transfer the most important operations to green "mining" (like Staking or using DAG technology - look what is happening with NANO after the Tesla announcement).
Photo by **Jill Burrow** from **Pexels** https://www.pexels.com/@jill-burrow?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/draped-fabric-on-bed-in-sunlight-6758069/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
The most interesting Saga at this moment in Crypto is endorsed by another project
What should I say when FOMO these days in crypto is for going up into MEME hype?
Coins like DOGE - 64 bn MarketCap, SafeMoon, Shiba Inu, Akita Inu ) with tons of billions of coins and huge MarketCap could have another (but older) competitor in this pumping zone of nothing coins: BANANO (BAN). This is (I think) the second meme coin after DOGE and it is a copycat of NANO (a DAG technology, with zero transfer fees and almost instant speed)
Guys, look at this:
How is this possible? A "nothing but meme" declared project is coming to make new "x"-es these days!
I'm looking at tokenomics, I understand a much, much limited supply than DOGE or SAFEMOON, but growing only for these reasons (and because they were recently burned some good amount of the unreleased coins - 1,7 bn left from 2,89 bn)...
Coingecko still shows the whole Max Supply, but it should be only by half now...
Where are the gods of rationality now? Why good projects are hardly trying to grow and these jokes are pumping (no offense, it's a joke, no?)?
I found these coins in my portfolio received from some airdrops - the made airdrops for NANO holders, for DOGE holders, for different events, Christmas, Easter, 4k members on Telegram, 5k members on Telegram, Discord, etc
So, my coins were happening to value more than 500 $. What did I say?
- not bad! It's time to make something useful with them. So, three days ago, I sold them on Mercatox. At 47 sats.
Do you know what is the price today? 81 sats. And yesterday was more than 90!
How the heck...In several days, another nothing project is going to strengthen the idea that nothing counts but the hype.
Today DOGE is dipping by 25%, but could be only a temporary shake off; everything is possible with such kind of coins (I couldn't say project, because it isn't). BANano went down only by 5%, so it's more stable than the king of jokes.
What should you do now? Tryin' to keep this BANANO train? I'm not sure. Could make a great move, but I wouldn't play with more than 2% of my portfolio.
Their community is quite stable, they will not leave the coin now, but I don't know what is happening further because the team will not have too many coins to give to the people. And then?
If they didn't find a use case, the coin will die slowly. Or faster. I think is depending on DOGE now.
I couldn't dare to make a TA on this daily chart for BANANO, but, hypothetically, if the support is not giving up at this level, the price could go further and we can enter in price discovery.
Don't be surprised if we'll see a 0,1$ level. Who knows?
Anyway, I wouldn't put my money on it. I'd prefer more hard work money, even it is slower. Better than unsafe. But what is safe in crypto?
Maybe only one thing: the information. As sooner you got it and accurate, you are safer.
So, the first thing to do here is to invest in you, to know how to read between lines, to find the best sources of documentation and find the people who knows what is happening into the project you are interested.
Cheers!
Lead Photo by **cottonbro** from **Pexels** https://www.pexels.com/@cottonbro?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/person-in-white-pants-and-white-socks-standing-beside-brown-cardboard-box-4569851/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
“Life is unfair but remember sometimes it is unfair in your favor.”
I found this quote I and think is the perfect speech for anybody is watching crypto market these days.
I stopped writing articles for weeks, because the show delivered in front of my eyes was astonishing, more than I thought it could happened in real life.
If somebody was trying to predict this to me, I would laugh at him very kind.
But what about now?
Well, like somebody was writing on a group: as a manager, after many hours of research, I chose some solid projects from crypto world and I waited to grow. In the meantime, my truck drivers were buying DOGE in January this year, a Meme coin with nothing behind it but jokes and no brain driving. And guess what: now, my drivers are leaving my trucks in the parking spot because they are filthy rich and I, with my well researched project, I'm still waiting to see my investments grow.
In this case, also...
**“Life is unfair but remember sometimes it is unfair in your favor.”**
***— Peter Ustinov***
Any truck driver could say the life is unfair: he is forced to take this driving job and going so many days out of home, sleeping in the car, eating what they could afford, talking with family on the phone, no nights with the kid being near him to make him asleep, but now, this time, the life is unfair, but in the favor of him. The others worked much to discover the next gem in investments and a simple guy, just bought a nonsense project and won the jackpot!
How can you digest this?
How could you imagine that a project with no sustainable base could become bigger than:
Canadian National Railways - 78 Bn https://companiesmarketcap.com/canadian-national-railway/marketcap/
Gazprom - one of the biggest Russian energy company - 77 Bn https://companiesmarketcap.com/gazprom/marketcap/
Deutsche Post - 76 Bn https://companiesmarketcap.com/deutsche-post/marketcap/
BASF - 76 Bn https://companiesmarketcap.com/basf/marketcap/
Dell - 76 Bn ? https://companiesmarketcap.com/dell/marketcap/
Look at this chart full of fundamental nonsense:
After a "normal" jump in value given by BTC raise, DOGE itself has going nuts not once, or twice, but several times in a row. And what reasonable person wouldn't sell at the first pump?
But no, it continued to grow after deep falls, again and again. Only people with nothing but faith could keep this coin without selling it and it makes me give them a thumb up in front of Ripple's army who were beaten by this democratic ignorance.
I cannot stop thinking of this:
What could you do?
Just shrug and go forward. If you want to be in the train of hazard, just take a 10% from your portfolio value and throw it on the window of randomness and hype.
One little advice - not all on a single horse. It could be the loser.
Well, I saw many nice projects in crypto, where years of work are starting to get a nice shape: Polkadot, Cardano, Chainlink, Tezos, etc and if some VIP is tweeting about some nothing coin, everything is forgotten and the nothing coin becomes almost the most important coin after the king and the queen. BTC and ETH.
What could I dream of?
The Real Satoshi coming up and saying he was mistaken and the real coin is DOGE?
Or Warren Buffet coming and saying that Banano coin is in fact the most important asset and he is buying a big bag from it?
I don't know what to say, but one thing is sure: many people saw DOGE ascending and their hopes are going to another nothing projects like SAFEMOON or SHIBA INU or AKITA. But their number is much, much bigger.
Guys, please stop! If you want to play, do it, but not with all your money!
Take care! These are sunny days, but at any flu of BTC, everything is gonna run down the hill!
Why Should You wisely Farm using Binance Smart Chain on Harvest Finance?
Guys!
Few days ago, Harvest.Finance (FARM) added this new feature to their platform:
**you can now farm using Binance Smart Chain!**
I will not want to make a long post about this subject. It is more important to understand it and get it in your way.
Before starting everything - you should be aware of these terms: APR and APY.
APR - Annual Percentage Revenue - is the honest and simple term of how much do you gain in one year from an investment. That's it!
APY - Annual Percentage Yield - is getting also the compounding - meaning you (probably) will reach that % in gaining if you reinvest the interest received, day by day or how often is allowed (much complicated)
You can learn more about this in this link. https://www.investopedia.com/personal-finance/apr-apy-bank-hopes-cant-tell-difference/
Also, please read here about what Liquidity Pool is, Automatic Market Makers and Impermanent Loss https://www.reddit.com/r/CryptoCurrency/comments/mjqkjs/defi_automated_market_makers_amms_liquidity_pools/
So, the first thing you should know: farming using Binance Smart Chain is live already and it's gaining traction!
why is that?
well, as like FARM team stated:
Transaction costs are lower which means more net profit for farmers
There is a constant influx of new farms with high yields
Farming on BSC has a reduced profit share fee from 30% to 8%
And this is what could make ETH and all DEX-es that are working on ETH lose "clients" in favor of the younger but pragmatic centralized copycat named Binance Smart Chain.
What is CZ thinking?
Let's see - a lot of people got crazy with these Bull Market and DeFi high yields farming.
Do they care about centralization as long their money is on a platform and not in their pockets?
No!
Then, why shouldn't I offer them the solution: the same working product, but cheaper in fees with the compromise of being centralized.
Would it work?
Until now - yes!!!
So, what smart farming platforms do? Adopt also BSC blockchain to keep their clients and even gather more.
Wise, isn't it?
If you cannot defeat somebody, make him your friend!
That's what Harvest Finance and I am sure others will do, soon! https://harvest.finance/
this is the main screen on the platform reminded above:
You see the new Binance Smart Chain tab. You click it and you'll see the strategies available now:
In the bottom of the page you will same the amount of gas fees saved on this BSC. Impressive, in such a short time (few days only), isn't it?
Be sure, the newest one are always more attractive, because they want to grab new people as soon as possible. So, follow them, jump into (with a basic analysis, at least) and then move on when you see the rewards are decreasing.
For this, you could follow their twitter account, too: https://twitter.com/harvest_finance. There are the news, don't miss them.
**The strategies...**
The theory in this case is simple. How do we apply it to be more efficient?
Should we jump into the biggest yields possible? Or search for some checked already pools where everything is fine and we could expect of what we see on reward chapter?
Let's look on the money flow on Harvest.finance:
As you see, you will have more money because Harvest.finance is also making all the work, by selling over time the rewards to make a compounded earning. Also, the FARM stakers will receive a share from the total revenues, so I will not be surprised if FARM si going to double it's Market Cap.
**But what about Binance Smart Chain strategies?**
**I wiil choose 3 types, regarding the risk: low, medium and high.**
**Low risk:**
what can be less risky than choosing something where stable coins are involved?
but if we don't have such a nice yield where I'm looking for, I will choose a constant pair of coins in their development: ETH and BNB. Both are great in their way - ETH is the most used blockchain now for dApps and this year would be a great turn for the project one Proof of Stake will be adopted, and BNB is quite innovative and quickly responsive to the market opportunities, will all that BSC and DEX-s created through them, etc
I took a pair from PancakeSwap platform to fulfill my needs.
So - this is my choice for the low risk investment - with the mention we calculate the value in crypto, not in FIAT, because hard times could come back and for a while, the value in USD could be lower than now.
**For the medium risk,**
I will choose an interesting pair - fVENUS with XVS, because this is a (still) low MarketCap project and we should benefit from the increase in value along with the interest we got from here.
**High risk:**
**Could be this the newest golden EGG of finance? Maybe, for the next few weeks - yes!**
With the fantastic ratio given now, with this Max supply below 2 million, Goose DeFi could be a good way for multuplying your investment in the next weeks.
So, choose one of these EGG pairs and you could make a great choice nowadays.
That's it: low fees, interesting pairs and yields, what could be more attractive now?
Let's roll!
Success!
Like pigeons between cars
We are in the year of 2021 B.C. and we are facing a long Bull Run, totally different from the one of 2018's. The run has started in December of 2020 and we are still unsure what is happening:it seems more and more big players are joining to the crypto market, so the premises are apparently bullish. After Tesla, PayPal, Twitter or Square have bought BTC and many others are coming to take a slice of the crypto pie.
Photo by **Crypto Crow** from **Pexels** https://www.pexels.com/@crypto-crow-643283?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/person-holding-silver-bitcoin-coin-1447418/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
What do we know until now?
The previous bull run was 3 years ago. Many has bought BTC with all their savings, some of them sold their houses for that, others, even worse: got some loans for this.
What was happening after few months? A long way until the dip of December;s 17 2018 - 3150$, after a flat 6k field for few weeks in the summer, when almost everybody thought it was the support and the raise is imminent.
What happened with those who sold the houses or got loans? I think almost the majority have sold all their BTC to cover the losses and got deeper in losses or paid a part of their debt. Very few remained still until these days.
SO, this should be a lesson to learn: history is having it's circle of actions, with lows and highs, but no matter what is happening, keep this in mind:
**Never invest more than you can afford to lose it (for a period, at least).**
It is important to be able to continue your life without that money. When the Bull market is coming again, you will have your money back.
**The next important thing is: analyse your investment and try to have a strong fundamental reason to put your money in a certain project.**
With these 2 principles in mind, you will be safer than investing in anything you hear or see.
Look at this chart provided by Coingecko. https://www.coingecko.com/en/coins/bitcoin/usd#panel
It is incredible run of BTC, and after some testing periods, Alts are following in the race of getting new highs.
In the meantime, CZ, the owner of Binance, figured new ways of making money: Binance Smart Chain with all that stuff: Pancakeswap as a response to Uniswap and all that farming and DeFi cohort: Venus, Swipe, Launchpad, etc
Now, BNB is ATH, having 600$ yesterday!
And in 2018, December - the price was near 5$. In march, last year - 10$!
Well done!
What can I say?
CZ and Justin Sun are two masters of marketing and transforming everything in money!
So, everybody is happy now. You buy some coins. You sell it after few days. You gain some. Your buyer is selling also after few days, he got some gains also...
But how long?
I was recently to near a convenience store to buy something and I saw some pigeons walking on the street. Very peaceful. They weren't bothered by humans, not even the cars that passed through.
In a moment, I saw one car getting ready to trample one of them because they didn't move from the road. In the last moment, the pigeon made few steps and the wheel passed only over one of it's wings, but after that it flown up to the third floor of the building, so I think it wasn't hurt too bad.
Photo by **Joshua Köller** from **Pexels** https://www.pexels.com/@joshuaklr?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/close-up-photography-of-pigeon-757182/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
The meaning is that we are now so used to win that the moment of dump will catch many of us in an unexpected state and the world would become upside down.
Than, all the profits will become losses, bigger that what we already gain and our condition will be confuse.
I saw many people these weeks joining in the fever of crypto win, FOMO is the actual state, suddenly interrupted by two episodes of FUD, when BTC made some corrections, from 51 k to 41 k and from 58k to 51k. Than almost everybody was prepared to jump from the train, but they forgot it quickly after few days, when the upward trend came back.
Guys, remember, in one days, this will be for real and we will begin to go down. You will hope this is temporary and the next day will be better. Oh, it wasn't today, but tomorrow will reclaim the lost price position. And it will not be happening.
In the end, many of us will be like a puppy trying to get in master's arms.
Lead Photo by **Hana Mara** from **Pexels** https://www.pexels.com/@hanamara?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/man-riding-a-scooter-3650984/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Then will be the hold-ing period, when, from "traders", we will become "long term investors" and we should wait until the prices will come back to better days.
Until then, beware, study and split your risk.
Cheers!
SafeMoon is really send you to the moon? Lambos are not flying.
A friend of mine was telling me about this new hype in Binance Smart Chain world: SafeMoon.
Indeed: SafeMoon! What could be more attractive than the certainty you will go to the moon in safe conditions?
But let's try to analyse the facts, not the words:
What we know about them?
First - we look at their website, team, tokenomics, whitepaper, activity, milestones accomplished, social media and exchanges where the token could be found.
**The website**
This is the website https://safemoon.net/
The official website. To be sure you are not entering in (no doubt about it) one of the many unofficial websites created by fans or scammers.
Also, be careful of the Telegram fake admins who try to scam users by offering tokens by half of the actual price.
Of course, I am just kidding, the project is not so developed and famous to be assaulted by too many scammers.
The construction is simple and has some links to relevant info like: the whitepaper, the team or how to buy the tokens.
It doesn't seem too sophisticated or detailed, but it could be enough for what the project is aiming. We will see later what is about.
**The team**
We are now going a little deep to see who is the team behind this project.
Well, it seems there is no need for a numerous team to create a project with a huge number of tokens .
The first member - Trevor - is the Community developer - I mean - the one who is telling you the truth and only the truth and you should believe it because is an official member of the SafeMoon Core Team. No Official Member of a crypto project would ever lie to you. Trust them! Of course, I am joking.
Let's say this is not a vital job, so, let's go further:
This is huge! 6 years as Analyst and after that he decided to fund his own company - TANO and now SafeMoon. It looks like a sort of a manager profile, but that's fine if you want to be a CEO. You don't need to know some programming skills, nor some software architecture or something similar.
Henry Wyatt is another CEO (but in Linkedin description appears as a Director of Software Development (doesn't matter - the important thing is to sound very formal). After a 4 month internship, he decided to make his own company and now is also some director in this impossible to miss project.
But I think the (only) guy who knows something about programming is this:
It looks like a real geek and has some solid background in programming and blockchain. Also, the third founder of TANO, so we have a mini TANO here, or maybe a TANO combined with other guys, even with somebody unknown until now (but they will have time to find it until the end of the year, when the main net is scheduled to take us to the moon).
**Anyway, now - the tokenomics** https://www.coingecko.com/en/coins/safemoon
It might be other projects, with this DEX stuff, when anybody could make his own disruptive DeFi project, but this is the one who holds the record regarding the number of tokens:
1 million of billion tokens!
not 1 billion, not 1 trillion, but 1 thousand trillion!!!!
It is impossible for me to realize the dimension of this supply, so I will leave it as it is. But, you know: why should you want to manage this kind of amount?
Of course, Coingecko or CoinMarketCap doesn't succeed to keep the rhythm with the quantity pushed into circulation, so the Market Cap is unknown now.
Looking at this numbers, TRX or XRP looks like amateurs, and even the huge 888 billion tokens of BTT is like David near this Goliath.
**But what about the whitepaper?**
Yes - that's what I found on the website. Why should you become bored reading unrealistic plans like almost any whitepaper reveals (anyway)? https://safemoon.net/whitepaper
In 2 minutes - you'll get to the point.
And big surprise from the team! They already burn 223 000 ... it is better to write 22% of the total number of tokens, so you have only ...the rest of (almost unlimited) it.
Don't worry, everything looks great. Just push the buy button.
**What about their activity?**
Well, the most important thing is being listed on some Binance Smart Chain DEX'es - like BakerySwap or PancakeSwap, but you can also buy it from Trust Wallet.
Very simple. The most important thing here is to have money.
Also, the media is full of articles about them and I think the most important guy here is not the CEO or CTO, but the first I presented here - Trevor and he is doing all the money!
This is their very complex Roadmap (spoiler - at the end of the year - we all we are going to the moon!)
I wanted to write more, but it looks like in the activity section I resumed also the social media, milestones accomplished and exchanges where we can find this hidden gem. (Hidden from the aliens from another galaxy, because even somebody from the other side of Milky Way could see this project because the number of the tokens).
**Conclusion:**
If you are not convinced by all the signs until now, I can only recommend you to buy! When you are ready to invest, prepare your credit card, withdraw the money from any ATM (it doesn't matter which one because of the purpose of what are you doing with the money) and throw all of it through the car's window.
It will be the same effect with making an investment in this project (maybe better, if some poor guy will find the money and buy something to eat).
Can I go sometimes All in?
There are some rules in investing. Of course, rules are made to be broken, but I am sure about their meaning and the whole purpose of it: to offer the best chances for not losing all your money!
I am (still) reading the book of Nassim Nicholas Taleb - The Black Swan, of course, nothing new, but probably he put things in an easy to digest form for every simple man. That's why I think his thoughts will be assimilated by more people, but in the same time I'm wondering if his opinion will not increase the appetite of risk for many of us who believe now in their capacity of anticipation and invincibility. https://en.wikipedia.org/wiki/The_Black_Swan:_The_Impact_of_the_Highly_Improbable
TL;DR: A Black Swan is an unexpected (for the affected actors) fact that could change dramatically a situation in a negative way. Why I stated the text with some mention between brackets - because what is negative for you, could be very positive for others: for example - the dump of BTC in March, 2020 was a very negative event for many of us, but for the people who already sold for a stable coin, it meant a doubling in BTC value.
Be careful, we are in a moment of a big reversal potential, and we could remain stuck in our investments on long term until the next climb of the investments value, especially in crypto.
Often, when somebody is telling you not to do something because several dangers are behind the scenes, you are more entrusted you analysed all the factors and you can go further.
We are confident, we are wise and well informed and the market sentiment is very positive! These are the factors that can blind us and we will see negative ones only when the Black Swan is happening. All the red flags are clear then, but is too late!
Anyway, of course, like Black Swan's author is explaining to us- even for an objective person, those red flags are not so well shaped. So, don't blame on your analysis capacity, but the intuition and the lack of listening "the big brothers" (risk management book writers) who told you to be careful.
So, the general rule is NOT invest ALL your money on one horse!
Excepting if we are talking about the money allocated for a certain category of investment (like crypto, stocks, FOREX, commodities, real estate, etc). That means you are not investing ALL your money in something, but all your crypto budget in one project, for example.
So, even you lose it all, you should have the rest of investments active: real estates or stocks, even bonds or bank deposits.
But, couldn't be possible to have a (small) Black Swan, just into our world - I mean - an unexpected, bad event that could turn us upside down? And could be this the decision itself to not invest in something we strongly believe?
In one of this moment I am now, when I am confident that one of my projects is going to make a big turn and change the status from incipient phase to a more mature one.
This should bring a huge jump in value and for a short time I will redirect almost all my crypto investments to this project. After the announcement, probably I will come back to my previous level of risk management portfolio split.
I did my choice (of course I am aware of risk) because I know the project in very deep details, I have contact with the team and verified if the info published are based on something solid.
I will not mention here the name of it, because I don't want to be considered a "shiller" and it is not important, by the way. Only the idea: never invest ALL IN in something excepting you are not ALL IN, but maybe just a category of your assets and you KNOW very well where you put your money. This means online presence is not enough to be close near your project, but personal meetings and self research at the project's place of development.
Even knowing all these details, I am aware something wrong could happen, but I am confident (and you should have also this opinion for the project you analyse) on the long term way of development for this project and my risk could be only on short term for not getting the big profit I expect now).
Also, ALL my investments were successful sooner or later, excepting one (I must admit sometimes I was out of them before taking the big profit, but that's life - we learn and go on).
This statistic should enforce my confidence I am choosing good, but anyway, be prepared for anything!
Cheers!
Lead Photo by **Dziana Hasanbekava** from **Pexels** https://www.pexels.com/@dziana-hasanbekava?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/thoughtful-man-writing-on-paper-at-table-7063745/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Going from a failed trade to hodling is a good strategy?
I was coming in crypto world in late of 2018 and my first steps were very shy, because I had to learn how to buy coins, how to make a crypto address (of course, my first one was for BTC) and how to transfer Bitcoin and other coins between addresses.
Signing up on different exchanges and stuff like this was not difficult, because is not so different like making an account any other else, but paying attention to seed phrases and secret keys is a fundamental difference vs other situations.
So, this is what is the most important here: **never lose or disclose your secret keys or seed!**
For this, is not enough to keep it safe from the ones around you, but mostly be careful to the eyes that looks over the internet. Try to avoid surfing on non secure websites or using apps with flaws (even ZOOM was in this category).
Enable your 2FA to be sure you had all you could do for protecting your accounts and note your passwords, secret keys, seeds - in at least 2 agendas, not email, not computer of phone!
Well, this is the most important thing.
Along with the second one: never lose your money!
How can this could happening: by 2 ways - being stolen or your portfolio decreasing in value.
The second option is maybe hard to avoid, and sometimes is happening to all of us. I am not an exception, so I was in the situation to take a decision - what to do: sell and lose 10%, 30% or 90% from the initial value in USD or wait?
In the middle of 2019 I bought some DENT, after a short research about what are they going to do in the next period of time. Of course, my mind was about 2-3 months.
My buying price was 22 sats and my first selling target, for 25% from my total bag - 29 sats. The next one - 32, 35 and 38.
My first target was achieved in less than 7 days, so everything should be according with the plan.
But in the next days, the price kept going down for a while, but not so bad like the market, so my price was still around 23 sats while the market went down with more than 30%.
I was happy and I thought what a solid investment I made. But after the market was stabilized, my dear DENT started to decrease. Week by week, I was looking at my price going to 18 sats, than 20, than 17, than 15 and I was stop looking at 3 sats.
Indeed, my solid investment, despite all the news and hype and tens of thousands of users, was sinking.
This is the trend I "caught" in the summer of 2019. A long winter of frozen investment, hoping at every step to regain the previous position. It wasn't happening, so I decided to keep that bag until something will change the status of 90% loss at that moment.
And I wait, and I wait and I almost forgot about them until last weeks, when, suddenly, the project gained some traction again and the price recovered very abrupt the losses from the last 2 years!
Of course, there is also one more thing you should consider: how are you measuring your portfolio? In US dollars? In bitcoin? Both? I know, everybody likes to see his portfolio growing also in BTC and in USD, but sometimes this is not happening simultaneously. And what do you choose then? The real world money valuation? The still incipient world of crypto?
If you paid attention to the risk management statements and not invested all your money and life in crypto, I'll suggest you to measure your portfolio in BTC. FIAT money are everywhere, but crypto, only here. So try to multiply your BTC value.
So, if I will measure my portfolio in USD, I recovered it quicker than the BTC valuation, because BTC raise more than 5 times since summer of 2019. But now I have also the same price in BTC now (around 20 sats), so I have in USD 5x now vs 2019!
What can I say? Should I sold it in 2019 and try to make another investments? I think a 5X in 2 years is a fine return.
I had the same situation with NPXS. A long time of flat low price and now...
It is amazing!
So, what can I say, I will rather prefer to see a coin dying than selling it at 90% loss.
But first, don't get into projects without some research, to be sure they could have something to say in crypto. If you do this, you have the chance to be a winner on a long term interval.
Cheers!
Life of PI! The international day
No, this is not about the movie, but what is this famous number and how it came into our lives.
I really liked the movie, not for the outstanding script, but for the special effects and the colors captured in it. Anyway, maybe the ambition of that child, also. If you have a kid, it's a nice movie to watch. If you want more, I can recommend.
But now, let's go to our celebrated number.
Pi - it's the correspondent for the greek simbol - π - and it represents the ratio between the circumference and diameter of a circle, like the Euclidean definition stated.
Funny (and also sad) thing is that many mathematics teachers doesn't now the history of Pi or what it represents.
Besides Geometry, Pi has many areas of appliances. Look what Wikipedia says: https://en.wikipedia.org/wiki/Mathematical_constant
"The constant *π* (pi) has a natural definition in Euclidean geometry (the ratio between the circumference and diameter of a circle), but may be found in many places in mathematics: for example, the Gaussian integral in complex analysis, the roots of unity in number theory, and Cauchy distributions in probability. However, its ubiquity is not limited to pure mathematics. It appears in many formulas in physics, and several physical constants are most naturally defined with *π* or its reciprocal factored out. However, it is debatable whether such appearances are fundamental in any sense. For example, the textbook nonrelativistic ground state wave function of the hydrogen atom is https://en.wikipedia.org/wiki/Pi https://en.wikipedia.org/wiki/Definition https://en.wikipedia.org/wiki/Euclidean_geometry https://en.wikipedia.org/wiki/Circumference https://en.wikipedia.org/wiki/Diameter https://en.wikipedia.org/wiki/Gaussian_integral https://en.wikipedia.org/wiki/Complex_analysis https://en.wikipedia.org/wiki/Roots_of_unity https://en.wikipedia.org/wiki/Number_theory https://en.wikipedia.org/wiki/Cauchy_distribution https://en.wikipedia.org/wiki/Probability https://en.wikipedia.org/wiki/Physical_constant
where a0 is the Bohr radius. This formula contains a *π*, but it is unclear if that is fundamental in a physical sense, or if it just reflects the *π* in the expression 4*π*r^2 (for the surface area of a sphere with radius r.
Furthermore, this formula gives only an approximate description of physical reality, as it omits spin, relativity, and the quantal nature of the electromagnetic field itself. Likewise, the appearance of *π* in the formula for Coulomb's law in SI units is dependent on that choice of units, and a historical accident having to do with how the so-called permittivity of free space was introduced into the practice of electromagnetism by Giovanni Giorgi in 1901. It is true that once various constants are chosen in one relation, the appearance of *π* in other relationships is unavoidable, but that appearance is always for a mathematical reason as in the example of the hydrogen atom wave function above, and not a physical one. https://en.wikipedia.org/wiki/Electromagnetic_field https://en.wikipedia.org/wiki/Coulomb%27s_law https://en.wikipedia.org/wiki/Permittivity_of_Free_Space https://en.wikipedia.org/wiki/Giovanni_Giorgi
The numeric value of *π* is approximately 3.1415926536 (sequence A000796 in the OEIS). Memorizing increasingly precise digits of *π* is a world record pursuit." https://oeis.org/A000796 https://en.wikipedia.org/wiki/On-Line_Encyclopedia_of_Integer_Sequences https://en.wikipedia.org/wiki/Piphilology
You could see many things about *π,* and memorizing as long digits you can is a challenge for many (not for me, I cannot see this but a way to demonstrate something to someone).
A slide show brief history of Pi is presented here:
https://www.slideshare.net/pimath/history-of-pi
We need to leave those geeks who tried to remember the most digits possible of this magic number and let's see **what is** ***π*** **good for***:*
Besides Geometry, where anything related to circles and not only are calculated using *π* , there are also other applications for real life, like how NASA is using it, from calculating a spacecraft trajectory to determining the diameter of a crater or operating robots.
"We use pi is used every single sol when operating Opportunity. Robots like radians, humans like degrees. Pi is our translator."
— Mike Seibert (@mikeseibert) March 14, 2014 https://twitter.com/mikeseibert/statuses/444471562750529538
https://www.universetoday.com/110331/happy-pi-day-5-ways-nasa-uses-pi/
Also, in fact, pi is needed for describing many things from the way light and sound waves ripple to the 'bendiness' of rivers, or calculating where circles are nowhere to be seen, such as Euler's Identity—a probability formula that has been described as the "most beautiful" in mathematics.
We have proverb in our country: " The wheel is spinning" - that means what now is up, could be sooner or later - down. And maybe if you can determine the size of the "wheel" in this case, you can calculate using *π* how long it could take until the fate is turning direction.
Of course, this is rather a philosophy, but it sounds nice.
Anyway, for any rational person of this world, this number should be celebrated because is no way of avoiding a meeting with it if you went to school. I first met it in the 6th grade. Long time ago, but I don't regret it. What are your memories from school about Geometry?
I'd like to hear about it. I can tell you I had only one teacher all the gymnasium period (this means 4 years - from 5th to 8th grade), but in high school I had 2. The first was severe, but fair and very good at teaching, the second was kind, but low at teaching.
Regarding this day, I will celebrate it by making a cookie with the symbol of *π* on it and I will eat it right away.
Cheers!
Or maybe, just for today - *πers!*
Transferring crypto with low fees. From FIAT to crypto and between exchanges.
This is my experience in avoiding high fees that occur when I'm trying to send some money up to 1000 $ from an exchange in other place where I need.
My strategiy: look first for the exchange fees - for example - this:
https://crypto.com/exchange/document/fees-limits
as you can see, there are some coins you can use with very low withdrawal fees.
The second step to make before taking action is to see the liquidity and the spread between offer and demand. It doesn't help if a coin is very low in transfer and withdraw fees, but the liquidity and/or the spread is not good.
take BANANO for example, a fork from NANO - with zero transfer fees, almost instant speed, but with low liquidity and big spread between ask and sell.
it's not the happiest example right now, but I am not so far from my point: the spread is, despite this huge grow in volumes now (usually they are below 10 k $/day), the spread is still quite big for what we need: more than 3% on the most liquid exchange and more than 27% on Txbit.
After you fond what is the best coin from where you want to withdraw your money, you need to assure it is in the portfolio of your destination.
Yes, you have to look in the both places, where do you want to send from and where do you want to receive, to spot the coin you want to use for transfer. I will tell you what I use:
**BUSD** (it is indicated to use a stable coin for not losing value in $, excepting when you are sure the market is going up) - the Binance's stable coin. Easy to transfer, but not so popular right now.
**USDT** - ****on TRC20 network**** - not any exchange has it! You could make a transfer in this way from Binance to Kucoin, for a working example, but you cannot use it from Coinbase or Crypto.com (they work only on ERC20 network (right now)- much expensive)
**Stellar (XLM)** - very popular on many exchanges. Careful on liquidity, could be places where Stellar is not so traded.
Here is the list where Stellar could be found:
https://www.coingecko.com/en/coins/stellar#markets
**NANO (NANO)** - increasing in popularity. Careful on liquidity, could be places where NANO is not so traded.
You can check where NANO is present here:
https://www.coingecko.com/en/coins/nano#markets
**Bitcoin Cash (BCH)** - the same with the previous two:
https://www.coingecko.com/en/coins/bitcoin-cash#markets
**Litecoin (LTC) -** probably the most know coin from the above, with still low fees comparing with others (0.001 LTC = 2 $).
The gate from FIAT to crypto
We want to jump into the Crypto World, but how is better?
Well - there is a quote, good also in Crypto:
When you want something to be done quick, cheap and qualitative, you should know that:
what is quick and cheap is not qualitative
what is quick and qualitative is not cheap
what is cheap and qualitative is not quick
Well, we can replace "qualitative" with fast and secure. But there is a solution, but we should add another criteria: the ***simplicity.***
And the quote should become:
***What is quick, cheap and qualitative is not so simple.***
But we can get used to it. Just follow my steps (there are mine, I cannot say are the best, but for my are easy and certainly cheap and quick enough).
Those are the steps in case you need to send your money to a secondary exchange, like Kucoin, Okex, HitBTC, Bitmax, whatever
You have the option (I hope still exists) on Binance to buy with the Debit Card - for around 2% fee.
For the rest, this is my method:
**Step 1 -** after you created a **Revolut** account - top it up with money from an ordinary Card in your domestic coin
**Step 2 -** create (if you don't have already) a **Crypto.com** account. This is not a referral post, but if you still don't have an account yet, you can make it from here https://crypto.com/app/92aeebz63u
**Step 3 -** exchange the money from Revolut to EUR or USD, depending where are you from and what **Crypto.com** allows you to have in their wallet. Try to avoid weekends, non working days or nights when the exchange rate is not so good like in a working day. https://crypto.com/app/92aeebz63u
**Step 4 -** send the money to **your** crypto.com account. Because both Revolut and Crypto.com are now in Lithuania, the transaction will be solved in minutes.
As you can see: **zero fees to bank transfer.**
**Step 5** - buy crypto for transferring to your desired exchange. Remember the first steps where you check what coin is available in your destination. I will choose now Stellar (XLM):
After pressing **"Fiat Wallet",** we will see the option to **"Buy Crypto":**
Well, you are a big guy now. When you want to transfer your XLM, be careful to the MEMO note as well with the adress. The simplest way is to scan the qr codes and check them to be sure.
That's all folks. I hope this article was useful, especially for the newest ones!
Cheers!
Dexter - a Tezos Decentralized Exchange is pulled out for a while. Why?
I decided that Tezos is one of the best potential rising coins, so I took a small bag of it. I am keeping this coins for a longer term, so I was looking for a way of getting some interest for it.
I looked in the crypto space and I found that you are rewarded for delegating your XTZ to someone who is a validator and is running a node or you can run your own node if you have enough coins.
Well, I chosen the less harder way, so I delegated my coins to a validator and for this I am receiving an 6% yearly interest, more or less.
Not bad for a good coin, but I searched more and I read about Liquidity Pools on Tezos, so I wanted to see what it is about?
It looks like the same process on Ethereum, so I decided to make this step (also keeping my rewards from Validator for the value kept in Tezos) and I made a pair with WXTZ - Wrapped Tezos - a token issued by Staker DAO for future usage, on Dexter Exchange - https://app.dexter.exchange/exchange/#XTZ_wXTZ
In this way, I hope I will get more Tezos at the end of the year without the risk of Impermanent Loss.
So, once a week, I check how my Liquidity Pool Pair is doing and I saw a movement between XTZ and WXTZ. So far, so good. Not too much gains until now. That's because is not so big interest on this pair until now (normally, by the way, until the WXTZ is starting to show it's utility).
But few days ago I see an error message on the DEX's site regarding some flaws in this pair caused by the new EDO upgrade of Tezos protocol and the tradings were suspended.
My first thought was: if Tezos is claiming being the best in security of the protocol, why is happening this?
Will I remain looking at the window while my pockets are empty?
But also I found the answer myself: because when something is changing, all the functional dApps on the protocol should be re-verified for what is could happening with all the changes brought.
And I'm glad this is happening so fast. So, all the coins are safe, the DEX is pulled out until the code is rewritten and when everything is fine, the process will be started again.
I will be happy if this will happen for all blockchains, not only on Tezos,but also I am happy with this state, because in this way people and companies especially would appreciate Tezos more.
Cheers!
What strategy should I choose on Harvest.Finance (FARM)
This is my article, one of the few awarded for explaining what strategies should you choose for a better farming with higher results on Harvest Finance.
I wanted to make it like a dialog to easier point the most important things about this platform:
**-Let's start with the beginning.**
At first, it was nothing but a big giant ball of solid rock. Then, suddenly, a big bag happened and it was spreading all around the cosmic space...
*- No, not so far.*
- But where should I start? There millions of years of evolution!
*- I'd like to hear only about the last year.*
- Ah, ok. Sorry. I was too excited. My first time when I'm discussing about it and I'm a little nervous.
*- Just take your time.*
- Ok then. I'm feeling like in a science fiction movie, well, at least for the first part: in the last year, the crypto space was invaded by the DeFi FOMO and everywhere you looked, some DeFi stuff was popping out from somewhere. It's like in fashion. Some buzz is created for a certain thing, everybody is trying to go in that direction. Anyway, the short story is: until last year in summer, only few projects were offering DeFi services, and even few of them were decentralized. But in that moment, something linked with Uniswap, Sushiswap and other "swap" exchanges determined another upgrade of Liquidity Pool mining/farming offered by those exchanges.
*- First thing: what is "farming" meaning?*
- TL;DR (too long;didn't read): you get rewards for offering your coins to the DEX pool for improving the liquidity of a certain traded pair. For example - you can offer ETH and the same value of USDC. In that moment, you will receive a part from the fees requested by DEX from traders for buying and selling. This is farming.
This is how a Liquidity Pool farming looks like on a DEX:
Photo by **Tom Fisk** from **Pexels** https://www.pexels.com/@tomfisk?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/top-view-of-green-field-1595104/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
Simple: you want to offer your tokens on Uniswap for Liquidity Pool, you will receive a part from the fees collected from traders who are dealing with that pair of tokens on Uniswap.
This is your result:
*- And, where is the problem?*
- Maybe you could become a little sad because, as long as you are keeping your pair of tokens on Uniswap and take, let's say, 12% APR, you could get 15% on Sushiwap for the same thing.
*- Then move to Sushiswap.*
- Easy to say, hard to do it when you have maybe only 2000 $ portfolio value and the fees for moving those tokens are more than 100 $ (that means 5%, almost 6 months of harvest).
*- And, there is a better solution?*
**- That's why** **Harvest Finance** **or other similar services are born!** https://harvest.finance/
*- How is that?*
- Well, instead of moving from a DEX to another and pay enormous fees for this that make your gains disappear, you could choose your pair for Liquidity Pool, take your tokens that are certifying this and load it to Harvest Finance platform (I must say it could look a little more refined). https://harvest.finance/
*- Why?*
- Because they gather in a single pool, all that tokens for a pair and make a single move of them from a DEX to other for getting the best reward, even for one day. Why? Because they can! What means 200$ fee for a 2 million Liquidity Pool?
*- 0,01 %*
- Exactly. It's nothing! So, if they have a good enough APR, they will move the portfolio where are better rewards.
Photo by **Laura James** from **Pexels** https://www.pexels.com/@laura-james?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels https://www.pexels.com/photo/bouquet-of-dry-wheat-in-container-on-street-6097840/?utm_content=attributionCopyText&utm_medium=referral&utm_source=pexels
*- So ingenious!*
***-*** **Not bad, at all! So, this is the role of** **Harvest Finance****! Unifying the small Liquidity Pool providers into a big basket for avoiding the fee issue.** https://harvest.finance/
**- What should we choose?**
**-** Well, yesterday I wanted to recommend you some stable coin pairs, like DAI:USDC, for example, or DAI:USDT, because I was believing a crypto correction should take place after this bull run of BTC and ETH. But that was before Tesla's announcement regarding it's involving in crypto space by acquiring BTC and allowing payment in BTC for Tesla cars. This created a new hype and you saw this on the news and in the market.
*- Where are we heading now?*
*-* If I'll know for sure, I will be the richest person in the world, but I'm not. So, I can only make you some recommendations:
1. make this only if you have more than 6.000 $
2. split your portfolio in 3
3. provide a stablecoin pair with ETH (ETH:DAI), an ETH:WBTC pair and a little more exotic pair, like SUSHI:ETH.
*- Why?*
- I'll explain on each pair chosen:
ETH:DAI - if ETH is growing, you will have your part of gain. If is decreasing, you will have your risk divided by half with a stable coin which could be used for buying more ETH in an eventual dump - **Recommended for the ones who wants a low risk investment, something between stable coins and one of the most wanted crypto coin**
ETH:WBTC - I think this is the real stabelcoin of crypto: on long term, both, ETH and BTC are the future of crypto world, so, you will be happy to have both of it and with a reward as a bonus - **Recommended for the ones who wants a nice long term increase of portfolio value**
SUSHI:ETH - both projects are good and Sushi is a revived Star, so both of them are a good long term investment - **Recommended for the ones who wants to invest DeFi sector with a medium risk**
*- I understand until now, but how can I do that?*
*- Well, at first, you need to have Chrome browser on your computer, than install a Metamask add-on, load it with ETH, SUSHi, WBTC, DAI, get your LP tokens from DEX and load it on Harvest Finance -* *you'll see the link below with detailed explanations* https://redmption.medium.com/yield-farming-for-beginners-getting-started-with-harvest-finance-aca3991fccc3
https://redmption.medium.com/yield-farming-for-beginners-getting-started-with-harvest-finance-aca3991fccc3
*- Thank you dude, I hope it's everything very clear and I will try to use it.*
@VNFC
