Amazon, New CEO and Drivers
Amazon has been exploring different avenues regarding putting Artificial Intelligence (AI) empowered camcorders within its conveyance vehicles to watch the drivers and furnish them with input on their driving. In satisfaction communities, representatives' exercises are firmly observed. They're just permitted a specific number of restroom breaks (so laborers now and then hotel to peeing into a jug). Further, Amazon has protected a wrist gadget to all the more intently screen satisfaction focus laborers, and the framework utilizes AI to furnish those specialists with accommodating haptic criticism — to make them more useful. This pattern is starting to stretch out to middle class occupations, where senior administration progressively screens utilization of representative PC frameworks (e.g., to confirm when they sign on, and what they do during the day).
Generally, senior leaders (especially, the C-set-up of CEO, CFO, and so on) are not checked along these lines. They normally get pay essentially dependent on the organization's exhibition (comparative with targets set by the organization's board), instead of on any noticed number of hours the senior chiefs worked.
Nonetheless, an interesting new exploration paper Uncovering the Hidden Effort Problem (by Professors Ben-Rephael, Carlin, Da, and Israelsen) recommends that the C-suite may profit with the very kind of observing that is applied to more junior staff. The creators got admittance to Bloomberg account use information for senior leaders (i.e., the C-suite) of traded on an open market firms. In exceptionally straightforward terms, the supposition fundamental their investigation is that leader use of Bloomberg accounts is corresponded with work. Less utilization infers less extreme work, more use suggests more extraordinary work. The creators then, at that point utilized SEC filings to collect a data set of senior chief pay and execution focuses for the organizations in their example. The creators utilized AI to dissect the senior leaders' Bloomberg account utilization information (in a real sense, on a moment by-minute premise) to concentrate how the work exertion, of top chiefs in open organizations, affected their organizations' worth.
The creators found that, when chiefs gave expanded consideration to their organizations and showed higher work power, it was related with positive profit shocks and unusual positive stock returns. They additionally found that when climate conditions made it alluring to take part in external exercises (e.g., golf, cruising, and so forth), CEO and CFO endeavors diminished (the scientists had the option to coordinate with area information with climate information). The creators note that: "For a CEO and CFO, a one-standard-deviation expansion in great climate is related with around 20 and 18 less hours in the workplace per quarter, individually." They likewise tracked down that senior chiefs' endeavors diminished when corporate results were possible past the senior leaders' control. For instance, if the organization had a grievous first half (to such an extent that regardless the CEO did, the organization was probably not going to arrive at its yearly focuses on), the CEO was probably going to diminish exertion in the subsequent half — all things considered, why try sincerely on the off chance that it will not affect remuneration.
Given what we think about human instinct, good judgment, and this new examination — all highlight a similar theory: Corporate productivity could be expanded by further developed checking of the senior leader group. Making the product stage and equipment to appropriately screen senior chiefs could be a phenomenal new business opportunity. It very well may be accomplished by observing leaders' interchanges and schedules, their area with GPS, just as sound and visual chronicle of their exercises, along with cutting edge AI to give input to them continuously.
Thus, envision on some radiant summer Friday, a CEO (subsequent to reminding every other person to buckle down), drops his evening gatherings and has his limo drive him to his number one fairway. The framework progressively could undoubtedly screen this, and an AI framework could send some supportive input to the CEO, for example, — "return to the workplace or you will be docked part of your compensation!" The framework could likewise be utilized to keep away from corporate humiliation. For instance, with this kind of checking, when the CEO asks out the 22 year old summer understudy for supper, it could message the CEO a token of the organization's arrangement on lewd behavior. Or then again similarly as critically, senior chiefs who realize they're being observed are less inclined to take part in unseemly conduct.
Time is cash all things considered, and hence, Amazon estimates satisfaction focus representatives' washroom breaks. Given that the C-suite's time is undeniably more significant, shouldn't their breaks additionally be checked? With the checking framework portrayed above, it would be simple for AI to give senior chiefs supportive criticism, for example, — "I notice you are going to the washroom a ton — possibly you have an issue we ought to examine?" If the C-suite objects to the bathroom time constraint, simply give them similar kind of plastic containers satisfaction focus laborers and conveyance drivers use.
This could be an incredible open door for a free tech business visionary to foster a product offering around AI observing of senior leaders, and market it to extremist financial backers. Or on the other hand, maybe Amazon's originator Jeff Bezos could have Amazon kick off this pattern by checking its senior group and new CEO Andy Jassy — in a way comparable to the manner in which Amazon screens its drivers and satisfaction focus laborers. Amazon values being information driven, and the accessible information proposes this methodology could further develop productivity — so why not check it out? All things considered, how should similar Amazon senior leaders who spearheaded AI observing of low compensation laborers object to comparable innovation being applied to themselves? After Amazon idealizes the product and innovation in their senior group, they could offer the framework to different organizations.
Obviously, a few CEOs may shrug off being exposed to what in particular's as of now being never really rest of us. Senior leaders with the most motivating force to protest — are the ones destined to have something to cover up. So perhaps it wouldn't be a misfortune in the event that they leave. What's more, in any case, since the normal CEO of a S&P 500 organization makes around $15.5 million/year — any individual who leaves can be supplanted — nobody is imperative. Then again, start the drive by observing all the senior group, aside from the CEO. A few CEOs could almost certainly be convinced that this would be a decent method to screen their own groups.
At long last, in case you're a CEO and think this is horrifying, the most ideal approach to secure yourself is by upholding for laws and arrangements that ensure your laborers' protection. Since (jokes to the side), whatever observing is applied to them can, and will, be concerned with you.
Let's explore it instead of being afraid of the dark
Life begins in front of a cave… When starting out, the child is immediately scared. The bear lives in the cave, the wolves live, that is, predators. So it is also dark. What if there are demons in it… Shapeshifting monsters. Assumptions are always built on fear. When the word unknowns, darkness comes to mind, insolvency… Since it is said that there is fear, one cannot enter the cave. Even if the secret is goodness, it is unthinkable to benefit from that kindness.
When a person wakes up, he enjoys seeing the sun. Light is cute to him. Everywhere is bright and there are no secrets. Nothing surprises him either. Because he sees every item and that gives him confidence. It is cute in contrast to light and dark. It is never associated with evil. We wonder about every item, discover every hardware, and use what is created, what is. You know, don't take a bomb in your hand, if you smoke a cigarette, you will die in the pats… You see, these assumptions are the tricks of enlightenment. If there is someone who does not like you, he can throw you off the cliff with your feet stepping while making you talk, especially looking at his face.
Brightness is never told bad stories are told. Gold, diamond shine, mirrors show you, choose every face and move on with confidence. Actually, you will be afraid of the dark. How will you know what's inside. However, while we sleep, we turn off the light and sleep safely in our bed. If we wake up from a dream, even if it's bad, even the light reflected from the window can be a nightmare to us. The mixing of dark and light bothers us.
Already in a job, whether it is a job, whether it is in the beginning… It should not interfere. It must have taste, must have an idea, must have temper, right? Teachings are always based on enlightenment and its model, goodness. Oh, do not get involved in evil, do not enter the dark cave, what if there are monsters… Of course, evil cannot be adopted, it always hurts and hurts… However, how do you know that there is evil in the cave. So they destroy your discovery direction at the very beginning of the training. In fact, it could be the beginning of a dark discovery. There may be many aspects that we make our lives easier with that discovery. Why are there few scientists in this world, I guess this is because it is the work of fear.
Those who oppose the radio, television, phone coming out of the darkness… They do not tell that it came out of the dark. But they also try to use it! There is a mine, there is oil in a dark cave… In the dark, instead of the moon, a car is discovered, a plane is found, and how quickly we arrive from one place to another. Even the voices and images that travel through the Internet and the cable easily make friends with the people of another country. There is no need for a passport on the internet. Borders and customs are almost destroyed.
I think it can be said to stop the child in front of a cave and go inside, don't be afraid. Even if it is dark, your eyes get used to it over time. Come in and tell me what you see, baby, you should say… The damage of darkness is not more than light… Just like it burns human skin in very cold weather. Maybe we can create a security circle in that cave. This makes him someone who loves exploration. Who knows, there may be awards inside, a toy, a chocolate… We have to see the happiness of the child when he comes out of the cave. He bought it with his own effort and eats it or chocolate.
Although eyes are selective in light, it is possible to look or not. It is also possible not to hear. Where can trust be found now? So what's a guarantee? Or what we can do one step ahead is unknown to anyone. Even if we fictionalize, is it really feasible, this is a closed question… People who love the sun should find a way to love the dark color and the night. This starts from childhood. When the child progresses with his / her own talent, he / she does not experience a phenomenon of trust. He knows that the next step is perhaps the last step. Even so, he must take that step. If he does not, he cannot both discover and that future may be by not taking this last step.
Best of all conquer your fear. Let there be no darkness, ghouls or monsters in that fear. As per the science of Allah, every toy was given to us free of charge for human survival. Let's know how to play with those toys at every age. Let our children learn too. Because, even while a person dies, he must overcome the fact that there is darkness in the grave he enters. What is in that darkness, every dying will see. So we will discover .
**As I was ending my article, the following lines came to my mind. I want to share these lines with you.**
I'm like a shadow ready to self-destruct,
No serial or registry records.
With grammar weft and coloring technique,
I compare half of his face to the moon.
You are sitting on a chair and your shy knees are equal.
I sew covers in my own way on my cowardly sides,
She is in white sweat as she goes through dreams.
I want a few subtle sentences from you,
Sometimes you gotta be a rose
Sometimes you have to be laughing.
As he said, one of the dervishes;
At the community assembly gate,
Write me zero on the left.
My Recommendations for Technical Analysis in Cryptocurrencies
It is not easy to predict how the prices will move in the crypto money market. The fact that the prices in the market are quite variable allows users to follow different strategies. Many users in the crypto money markets benefit from technical analysis in strategy determination. For this reason, we use some helpful methods while analyzing. Thus, I can predict the future price movements of a cryptocurrency. In this way, I can make predictions based on information about how the price movements will increase or not.
When they heard about the concept of technical analysis, there may have been those who were intimidated at first. In this article, I will focus on and explain in a simple way the technical analysis concepts on cryptocurrencies that seem confusing to those who do not know.
Technical Analysis Definition
Technical analysis is carried out using real market data of the coins in the crypto money market. Technical analysis is an analysis method that basically uses mathematics to predict future price movements in the light of past movements. There are multiple technical analysis methods available. In this article, I will talk about the most known technical analysis methods.
**Candlestick Charts**
It is one of the most used charts by investors who use technical analysis in the crypto money market. When we look at the history of candlestick charts, we see that it was developed by the Japanese in the 17th century by using it in the rice trade. Today, they are used to analyze the changes in prices. Of course, we need some data while doing this. To create a candlestick chart, I need the opening, high, low and closing levels that occur in the desired time frame.
Candles give detailed information about the market according to the desired time, this time can be daily, weekly, monthly or yearly. Often, a positive move is shown in green in the candle, while a negative move is shown in red. Candlestick charts show the size of price movements in different colors. While reviewing candlestick charts, the long green candles formed are indicative of an uptrend. This means that the time between the opening and closing of the market price is usually a rise and there are lots of cryptocurrency buying transactions. Long red candles show us a downward trend. What is meant to be explained here shows that the prices remain at a lower level at the closing compared to the opening. From this situation, we can understand that investors are selling their crypto assets. If we want to make a general sense, the long candles of the formed candles indicate that the price movements are aggressive, on the contrary, the short candle bodies show the slight price changes.
**Trend Lines**
One of the most important elements of technical analysis that cryptocurrency investors should know and learn is trend lines. The trend lines show the direction of movement of the cryptocurrency under study. Of course, some analysis is needed to do this. The high volatility makes the fluctuations in the trend line meaningful.
The upward or downward movement of the trend lines shows us the price increases or decreases. On the contrary, it shows us that the fluctuation in prices is at a lower level with the formation of horizontal lines.
The interpretation of trend lines is very important for those who have knowledge of technical analysis. By predicting the direction of the trend line, it can identify an up or down trend and direct its investments accordingly.
**Support and Resistance**
Another concept that investors who will make technical analysis should understand are support and resistance levels. With support and resistance, you can predict investor movements and determine the strategy you will create while making your investments. If you want to perform a "stop-limit" transaction while performing your trading transactions, it is a technical analysis method that you should learn.
The support level shows us the willingness of the people who will invest in crypto to buy at this point. In cases that occur at the support level, we can understand that the value of the crypto currency is low and the price will increase with purchases. We can say that the resistance level is the opposite of the support level. In this case, there is a high supply but low demand.
Investors at this point will feel that the cryptocurrency is over-priced. They anticipate a decrease from this point on. After the price of the cryptocurrency reaches this point, a decrease is expected and there is no demand for excessive supply increase. Therefore, prices start to fall. Sometimes there are breaks in support and resistance levels. If the level of resistance at the beginning of the analysis is in support of the chart, the trend will get stronger. Ultimately, technical analysis requires looking at multiple shapes to identify trends.
**Choosing Time Frames**
When dealing with technical analysis, you have the option to choose your own time zone. The choice you make should be in line with your commercial strategy. If you are a short term investor, you should choose a short time frame. This will allow you not to miss any opportunities that may arise. If you have a long-term investment strategy, you can determine a chart time over days, weeks or months. This will allow you to look at a larger time frame.
**Indicator**
We call technical analysis indicators as indicators. They are mathematical results that provide data about the direction of the price or the trend for technical analysis users. Indicators are technical analysis tools that guide investors about changes in the cryptocurrency market. To put it simply, it examines the old movements of prices and their current situation.
**Oscillators**
They are indicators that act within certain limits. It gives us over-selling and overbought levels. A cryptocurrency, which is in an upward trend, can give us the best sales area, as well as give us data in the opposite case. In some cases, it can give trend independent results. Often times, they may not be enough on their own.
**Moving Averages**
Moving averages are an important technical analysis element that investors use when managing their risk management. Moving averages, one of the first indicators that come to mind, are one of the biggest helpers for us when doing technical analysis.
When price movements are examined on the line chart, they appear as zigzags. Moving averages are "Lagging" indicators of lagging. Thanks to this delay, it will keep us away from potentially erroneous signals. It softens the appearance of sudden increases or decreases on the chart as it is averaged.
Moving averages, which provide analysis in every market condition, help us to determine our strategies. There are types suitable for use in an emerging market or horizontal market. The primary purpose of moving averages is to determine trends. While being above the moving average indicates a rising trend, when we are below, there is a decreasing trend.
**Bollinger Bands**
Bollinger bands are obtained by placing them above and below the moving averages. It is an analysis tool that is shaped according to the direction of the market. The Bollinger Band contracts and takes the appearance of a pipe when price movements are uncertain. If the market reveals its direction, the channel will expand and we can predict that the market is not indecisive. Thanks to the Bollinger bands, it shows us whether the prices are high or low.
**Relative Strength Index (RSI)**
In its simplest form, it gives us overbought or sell signals. It produces values between 0 and 100 for us. These values mean to buy when the RSI is below 30 and sell when it is above 70. It can be useful for us to determine whether there will be a withdrawal in the future.
**The Importance of Technical Analysis**
The technical analysis tools I mentioned here often get more meaningful and consistent results when used together. If you are investing and want these investments to make sense, you should learn technical analysis and put these learning into practice.
The concept of technical analysis works on the principle of "ceteris paribus" (when all variables are constant) in economics. It gives results independent of the effects of the statements and regulations on the crypto money market. For this reason, it is beneficial to make my investments by following the current news without ignoring this situation.
**As a result, as a result of my technical analysis, I get information about the movements of a cryptocurrency in its past and it becomes easier for me to predict the movements it can make in the future.**
**If you liked my article, do not forget to like and comment, I wish you all a lot of profits.**
My Thinking for Dogecoin: Either Exploding Or Crash
Dogecoin investors have pinned their hopes on Saturday night, May 8.
**Elon Musk**, who is said to be the CEO of Tesla, SpaceX and jokingly Dogecoin, is preparing to appear on NBC's comedy sketch show SNL (Saturday Night Live) this weekend. Cryptocurrency enthusiasts and speculators hold their breath for the episode to be broadcast. They expect the richest man in the world to mention Dogecoin on the stream, potentially causing its price to move. I think this could mean a lot of pain or joy for investors, depending on which side the direction of the Dogecoin price will be.
Dogecoin came out as a joke in 2013. Its developers had abandoned the project ever since. Until Elon Musk popularized Dogecoin again.
The price of the Shiba Inu-inspired Bitcoin copy of Dogecoin has risen 13,500% to about $ 0.60 since the beginning of the year. Doge has been attracted and encouraged by many celebrities in recent months, from Mavericks NBA team owner Mark Cuban to gourmet Guy Fieri and rapper Lil Yachty.
Musk is delighted to fuel the flames of this madness by posting humorous tweets about Dogecoin for months or even years. Elon Musk wrote in his tweet, which implies that he will feature Dogecoin in SNL, which will be released on May 8, last: "Dogefather SNL May 8".
Dogecoin and its investors benefit from a great wind. Day traders who grew up with the internet culture and trade with free incentive money, especially in countries like the USA, have flocked to Dogecoin in hopes of making easy and fast money. The boredom caused by the pandemic closure also seems to have poured gasoline into the fire.
There is no doubt that Musk's upcoming SNL sketch is fueling the Doge craze. Expectations for the evening of May 8 are quite high in forums on the Internet and social media platforms such as Twitter. Many people on Reddit, Twitter, and other platforms want other people to pull the price down to $ 1 and keep Doge at that level when it reaches this milestone.
**Doge may crash due to SNL**
Of course, not everyone is pumping up the hopes with the Doge. For example, a user on Reddit said, “I want to share a very real expectation of what will happen to all new Dogecoin investors this weekend; DOGE may sink due to SNL, ”he warned.
Warning “If this happens, don't panic like I did. Just HOLD it and believe it will rise again as it has been many times in the past ”.
Such calls for solidarity on the forums are full of stories of people who have already made money. A person claims to gain 30% quickly. Another person says he is planning to pay off his credit card debt. Someone else says he lost all his money. The other consoles by saying "let's stand strong" ..
One should not be fooled by this hype on internet forums. Experts warn investors against highly volatile assets such as Doge and Safemoon. It is possible to lose all savings overnight.
If enough people start selling their Doge, the price drops rapidly. However, the allure of getting rich-quick continues to attract latecomers to the party, no matter how risky.
The SNL broadcast will be a "moment of fate" for Dogecoin as opposed to the fake Doge Day scheduled for April 20 (and mostly a fiasco -20% drop).
The SNL, which will air on Saturday night, will pass in the form of laughter, laughter and entertainment for many people who are not crypto-related and regular viewers.
**We will wait and see the result together. I hope it will be a good investment for everyone. Lots of money for everyone.**
I advise you never trust your money
This is the most common mistake gamblers, investors make on a habitual basis. Never gamble with your rental money. Do not gamble with the money you need to buy food. The bills do not pay by themselves! This should be obvious for many reasons, but it is clearly easier to say in theory than what is achieved in practice.
Being financially overextended at the end of the day is an easy mistake to make. This is the standard in crypto. We see right and left projects deliver three-digit percentage gains, and we think like this: "Yes, but if I bet everything on it, I would earn even more!"
**Slippery slope, man!**
This is why DeFi farming actually has a good chance of acceleration. Every DeFi farm has a nice pair to a stable coin. This makes it a much safer gamble. Half of the total value will always be measured in fixed coins and we can convert this side to cash when we need it.
**Non-permanent loss is irrelevant**
Why is that? Because let's be honest: There was no way to keep 50% of your assets in fixed currencies from the very beginning. You entered like everyone else. This is the only reason you got into this mess in the first place. Remember?
With yield agriculture, we actually **MUST** keep 50% of our assets in something else. If we tend to over-expand financially, a stable coin is the best choice.
The worst part of financial overexpansion is that we cannot pay our bills when the fan hits, right?
**False!**
The worst part of overexpansion is an overly emotional attachment to money. We need that money for performance! **THIS SHOULD WORK!** This is the mentality of someone in a bending state, and bending will ruin you very quickly.
When you are inclined, you will constantly make stupid decisions. You see another token increase in price and you're trying to chase those gains, oops, that coin just lost your money. "The price will improve soon; it just should be!" As you think, you will refuse to take any harm. Not so: the price went down again, you lost money. As soon as you sell it, it looks like we have our number in the market and will go up one day later. Every time these things happen they will make us more emotional and more prone to making stupid mistakes.
**How can we fix this?**
1-We should always have a position in fixed money.
DeFi Farming makes it easy.
2-We should never gamble more than we are comfortable with.
Set the money on fire in your mind.
You do not care.
It's all a fun game: even if we lose.
3-Be careful about the slope of the winner.
Some people are more prone to stupid mistakes after winning. If you waste your winnings during a chance streak, you'll lose everything after your luck changes temporarily.
4-DCA DCA DCA
Always mean cost in dollars.
Stop making big decisions and then do everything.
There is no reason to take advantage of trading or increase the risk here.
These are currently the most volatile markets in the world.
A 5-10% movement in the stock market is huge.
A 30% move is standard (in both directions) in crypto.
Result
The emotional side of investing is a difficult nut to solve. It's easy to be trapped in a dark void of our own design. However, the market does not care about our emotions. It's a wild, untamed beast and we can fall on the journey All we can do is pack ourselves and try again. Maybe next time we play safer. Or maybe we're not learning anything and we're trying to get those losses back. Who knows?
Statistics and probabilities are not affected by past events. If you lose 5 times in a row, there is no better chance of suddenly winning on the 6th try. Every gambling is a completely independent event, and if you try to convince yourself that you are playing a bad game when you are really unlucky, the next time you come across this decision, you will probably make the other bad move instead of playing. correctly.
When it comes down to it really, we don't need to bet on crypto on the farm. This is technology of abundance: The only difference is, this time around technology, the money itself. There will be money everywhere.
No matter how much collateral we put into the system to get started, it's only a matter of time before we get a good chunk of it for ourselves. It is better to play it safe then I apologize in crypto.
**If you found the article useful, do not forget to like and comment.**
I Think The Madness Is Continuing
**This joke will not get old.**
It has been a really good few days for the crypto market, where ETH and BNB have done great things and brought some of the best projects out there to the top. Gems like RUNE and LINK have been among the top winners of the last two days, but there are more. I'm sure you have noticed, DOGE is currently the best player on the market.
No hate, I'm sure there are many ecstatic crypto investors who are making crazy profits as we speak, and I'm happy for them. But to be honest, the DOGE thing is out of control and says a lot about the current state of the crypto market: it's crazy. The field is clearly still in its infancy and hype development to leave behind is all the proof you need.
DOGE has a huge community and many years of business, and it is a big issue that it is still "alive". The coin, which started as a joke, is currently the top four cryptocurrencies by market cap, reaching insane trading volumes every day and is mentioned by some of the largest crypto-focused news platforms in the field. Hell, even CZ seems to believe that DOGE deserves to be mentioned in the same tweet as giants like BTC, ETH, and BNB.
**Or maybe not.**
Actually not. The man runs a business and knows he has a lot to gain from the DOGE talk. Like it or not, DOGE has become a super popular cryptocurrency, and this basically means there is a lot of money to be made, as a growing number of new crypto users want to seize some Dogecoins. Of course, I don't have all the data, but I refuse to believe that experienced cryptocurrencies will even care about DOGE in 2021.
Whether it's real-life use cases or blockchain supremacy or whatever, it's all about value for me. No sane person would think that DOGE is inferior at this point. It has already burst. It is unreasonably expensive; There is absolutely nothing to justify a market capitalization of $ 70 billion in a cryptocurrency industry worth about $ 2.2 trillion. DOGE needs to do 14 times to surpass BTC and become the largest crypto in terms of market capitalization.
To be honest, I burst out laughing at myself after writing the previous line. How did we get here?
**What is the problem with crypto?**
My personal opinion is that there is absolutely nothing wrong with the field. It just needs time to grow and mature. We have a long way to go before we can talk about mass adoption, and the recent DOGE pumping frenzy serves as proof that the masses are not yet ready for the crypto revolution. In my humble opinion we are just entering the adopters stage and guess what, this is good news.
This basically means we still have plenty of time to fill our bags at a discount and prepare for the upcoming big runs that will take things to the next level. If the hype generated by a few bull tweets shared by influencers is enough to take DOGE into the top four, my guess is that the crypto game is still too complex for the average Joe. I bet the vast majority of new DOGE investors are buying it because they see it tumbling in the same league as the animals while it is worth less than a dollar per token, considering it to be a bargain or something.
**Whatever the weather**
But who am I to judge? I was wrong about DOGE in the past and more seems to come. Do I think this is a valuable asset? Never. Will I buy DOGE? Never. But I can't promise you won't continue. Another factor contributing to its momentum is the fact that there are millions of forgotten DOGEs permanently lost in discarded hard drives and old laptops. Things like this happen in crypto, especially when a token is deemed completely worthless for years and years until one day it does 200x and stuns the world.
As a result, the game has a longer way to go, and that means me and you are actually early adopters. This is our chance to generate and accumulate wealth, so let's make sure we take advantage of it. **Don't be angry at DOGE, be happy to be here in 2021. Come read this post again in 2025 and let's talk then.**
**That's all for now. Thank you for taking the time to read these lines. This is by no means financial advice. I share my personal views and experiences. Please do not take my word for your investment preferences and always do your own research.**
How to Start a Cryptocurrency Trading
How to get it, how to do it, how to start and how much can I use to get started is the main question I get from people I invite or introduce to Cryptocurrency trading. How many people face difficulties and problems. This prompted me to write about the above topic i.e. How to Start Cryptocurrency Trading.
After telling about Cryptocurrency trading today and how I started trading and how much I earned during a bit of a shock, I made it clear that Cryptocurrency trading is not gender dependent. some may believe it.
Before I move on to how to get started with cryptocurrency trading, I would like to briefly explain what Trading and Cryptocurrency are all about.
Trade is the act or activity of buying and selling goods and services.
Crypto currency
A friend once asked me if I wanted to buy Cryptocurrency, which made me laugh because I have some understanding of the trade even though I understand what it is trying to convey.
Cryptocurrency is a type of digital currency that usually exists only electronically. There are no physical money or bills for a physical coin unless you use a service that allows you to receive cash in cryptocurrency. A cryptocurrency (or "crypto") is a digital currency that can be used to purchase goods and services, but uses an online ledger with strong cryptography to secure online transactions.
Cryptocurrency trading is the act of buying and selling basic coins through an exchange.
One of the main advantages of the crypto market is that you don't need a lot of startup capital to get started. A beginner trader will only need a thousand dollars to buy some digital currency, transfer it to the stock market and start speculating using the chosen strategy. Create a cryptocurrency brokerage account. If you don't already have cryptocurrency, you will need to create an account with a crypto brokerage.
Fund your account, this can be done first by creating a wallet you can guild online or by meeting people who are already trading.
Choose a crypto to invest in, it has to do with studying the market, finding the tradable coin and buying it while its price is still low.
Choose a strategy that includes a range of models for trading
Store your cryptocurrency It is important to consider the coin and know its growth rate, and you should consider keeping the purchase money for some time to grow.
Coins recommended for purchase from now on
After checking the market, there are some coins I can recommend to beginners to start trading;
**Dogecoin (Doge)**
Dogecoin is a cryptocurrency that started as a joke in 2013. A satirical homage to Bitcoin, designed to serve no real purpose other than to create a few laughter. It got its name from an internet meme centered around the image of a Shiba Inu dog with bad spelling habits - so "doge" instead of "dog".
**Ethereum (ETH)**
Ethereum is an open source, blockchain-based, decentralized software platform used for its own cryptocurrency, ether. It enables SmartContracts and Distributed Applications (IApps) to be created and run without any interruption, fraud, control or intervention from a third party.
**Bitcoin Cash (BCH)**
Bitcoin Cash is a cryptocurrency created in 2017 by splitting off the Bitcoin blockchain and is denoted by BCH. It is among the most traded crypto money values.
Restricting the transactions that can record blocks in the Bitcoin system to a certain limit causes the transactions to be slowed down. With Bitcoin Cash, this problem has been prevented and it is aimed to overcome the difficulties in sending and receiving money.
Although the problems experienced in the Bitcoin system have come to the fore many times, the lack of a center made such an innovation impossible. This system, which was initially established to prevent abuse, started to become a problem with the increasing popularity of Bitcoin and the increase in the number of users.
Litecoin (LTC)
Litecoin (LTC) is an alternative cryptocurrency created by Charles "Charlie" Lee in October 2011. Litecoin is a fork of Bitcoin (BTC). Like Bitcoin, Litecoin is based on an open source global payment network that is not controlled by any central authority.
**Tron (TRX)**
Tron Card. The Tron card is a secure digital wallet hosted on the Tron network. It can store several cryptocurrencies and tokens that are not specific to Tron. It is also a payment processor directly connected to the Tron Blockchain.
It is highly recommended because it is still low priced and has the potential to grow over time.
**If you found my article useful, I am waiting for your likes and comments.**
My Thoughts on Crypto Portfolio Growth
Many people new to cryptocurrency markets may feel they are too late and it will be impossible for them to accumulate a substantial portfolio. We were all in this position. The truth is we all felt too late when we entered the markets. People who entered the market in 2017 envied people who could only buy bitcoin for a few hundred dollars a long time ago. And now people entering the market are jealous of people who were able to buy Bitcoin for less than $ 10,000 last year. As the price continues to rise, each price point will be lovingly reassessed and we all wish we could buy more.
The point is that many people who feel they are entering the market "late" are trying to find alternative ways to grow their portfolios or catch up with their peers. I will confess that I have been a victim of this in the past. And if you make this mistake, it can prevent you from making any substantial money in the cryptocurrency market or investing in general. This error was buying too many coins; spreading my portfolio very thin.
I was a huge fan of intense research projects that I thought had great potential and would see a price increase soon. Most of the time I was actually right and the price would go up. However, my portfolio did not grow as fast as I wanted. At one point I had more than 20 coins. I thought having such a "diversified" portfolio would reduce the risk for me and also increase my chances of finding hidden gems. I found some of these coveted hidden gems, but I also had money going nowhere.
When the coin price rises; I realized that I don't have enough coins for the increase to have any effect on my portfolio value. But this was not the biggest problem.
The biggest problem was that it was difficult to save a significant amount of money since I had a lot of coins. I would buy some bitcoin for a week. Then I would buy some ethereum, some chains, a few hidden gems and you can start to understand what I mean. If you are a low budget person, trying to buy everything is not the best idea. It is better to focus on only one or two coins; if you have a tight budget.
I looked at my portfolio long and carefully and came to the conclusion that I was not satisfied with the amount of bitcoin I had. I knew the price potential that Bitcoin has, and I also knew that I didn't have much time for the price to rise significantly. At that moment I decided to focus solely on buying bitcoin, and it was the best decision I have ever made. Because I just focused on this entity and saved up almost to the point of addiction. I was able to turn my portfolio into something I am completely proud of.
When I reached a personal target level with Bitcoin, then I started focusing heavily on ethereum. Taking the same approach has significantly increased how much ETH I can acquire. And when that goal was achieved, I switched to Polkadot.
Personally, I just prefer to save money I really believe in, I'm a fan of what he's doing and I think he'll be here in the long run. I call these crypto blue chips. While it's true that I missed some profits by not going after deFi or altcoin ores, I think I will be fine in the long run. Cryptocurrency is already risky enough and I'm working hard to get my money to go after something more risky.
The most important thing you should do is understand what your own cryptocurrency saving plan is. What is your ultimate goal? If buying as many bitcoins as possible. I recommend that you focus on this. If you want as much ETH as possible, go after this. If you look at the richest investors in the world. Often times, they don't have an extremely thinly spread portfolio. They have extremely high beliefs about what they're investing in and they hit a home run with it. The goal is to earn as much money as possible, but to get as many different coins as possible.
Even to date, I mostly focus on BTC; as it is my favorite and at the same time what I believe. But I'm also heavily buying Ethereum, a bit mixed with Polkadot. For me, having a more concentrated portfolio has worked much better and also allows me to focus more on the coins I am more passionate about. For most people on a budget, I think using a more intense strategy would be the best option. Of course you can ignore this idea for people with big budgets.
My Prediction about Hive & Hive Dollar
The beginning of May went pretty smoothly for the prices of both currencies (Hive & HBD), the prices of the two currencies had a pretty good position defense, there was even a slight upward move there, very good charts for now. Gradually these two currencies became quite expensive, the price of the Hive was almost equal to $ 1, and the price of HBD was still between $ 1 - $ 2.
Sand in the coin market at the moment is also very busy, the volume of Hive and HBD is huge, which means traders are still very interested in our idol currency.
The Hive price is still below $ 1 USD and an increase is likely at a later date. This is because the defenses of the chart lines are doing pretty well in their respective positions and only drop slightly at any given moment.
The price between Hive and Hbd and the chart have one thing in common, here the Hive chart is $ 0.634 and the HBD chart is 0.00003223 Btc ($ 1.84). This figure is at a safe point this week, but if you pay attention to the charts of these two currencies, the price is falling.
Sometimes there is also a slight upward movement at a given time, which is a concern of traders keeping a certain price to trade. The charts for these two currencies are not that different, as the Hive and Hbd users themselves have the same amount.
Hive
The hive price currently stands at $ 0.634, which means today's price is worse than yesterday's price. Maybe the program to improve the Hive is not 100% implemented, that doesn't mean the Hive will drop to a low point, the Hive is still stable this week.
It is possible that the price is below $ 1 and the Hive is above $ 1.
Hive Dollar (HBD)
Other crypto prices are currently experiencing a tremendous increase, but the HBD price is still hovering around $ 1 - 2 USD. The price of HBD equals almost $ 1, which is probably good for the ongoing program.
The price of HBD is starting to stabilize at US $ 2 or below US $ 1.84, or the equivalent, we hope this will go smoothly. The goal of becoming a currency in every purchase is almost achieved. In fact, the price of HBD has exceeded $ 2 for a moment in recent weeks.
Market Hive Wallet
You can see it in the Hive wallet market, there is a place to swap between Hive and Hive Dollars (HBD). The price comparison for these two currencies is 1: 0.351, so 1 Hive equals 0.351 HBD. This is very different from yesterday's prices, hbd and steem have charts showing a huge increase, so conversions between these two currencies are very high.
**Buy Hive**
If you buy a Hive using HBD at this point, this is highly recommended, as it is possible to keep the HBD price equal to $ 1 as well as raise the Hive price further. Moreover, the current HBD price is still too high, it will be far from this target.
**Sell Hive**
Maybe most of us don't want to make this change because the HBD price is higher than the Hive price. If you do, you'll likely need lots of Hives to get HBD.
**I hope you understand my explanation above and I hope what we want is quickly achieved, Hive is part of our hope.**
When My Own Mindset Is Working Against Others
Yesterday I came across this tweet that caught my eye. An estimate based on the technical analysis of Michaël van de Poppe, a full-time trader, technical analyst and coach from the Amsterdam Stock Exchange.
Considering that BTC is $ 57,900, ETH is $ 2,900, DOT is $ 38, ChainLink is $ 39 and so on, these numbers look great if your bags are full. He says 2022 and 2023 are on top, but even so, it will be great compared to what we are now.
So according to his estimation, we still have a good year or two to get there, or when we approach this level, obviously nobody knows what the future will bring.
Crypto
Those who have been in crypto for a while know how this world works. Bitcoin has been around for a decade and we've seen ups and downs, and this is basically true of every possible coin, except those that only have dips or no movement at all.
Some are traders, some are hodlers, some are not in crypto at all, so we have a different mindset. Some are getting into crypto money early, and many are now very rich. This proves that you can get rich if you do it right. Bitcoin and others are being accepted by big players and will soon take over crypto fiat.
Mentality
It's interesting to see how people see things and how some think about the situation.
Some people think you missed the train if you don't have cryptocurrencies, especially Bitcoin. If you didn't buy BTC when it was under $ 1K or $ 2K, they say it's not worth it as it's too expensive now.
I see this mentality also in Hive. If you're not an early adopter, you're a loser. If you didn't buy this token at $ 0.05, you missed the train.
The funny thing is that you see them send the coin to the moon in hopes of reaching $ 10 or better on each platform. The other funny thing is we want mass adoption, mass acclimation.
The truth is, crypto is jumping funny. This is the BTC chart just to give an example. There are ups and downs, there is always a retreat, there are higher highs, lower lows, and that's how it works.
The Bitcoin Cash (BCH) map isn't much better either, it looks like a roller coaster ride and we know why.
That's exactly why crypto is good. Buy the red, sell the green, remember? This is an opportunity to buy cheap and sell later or invest in any way you can. Volatility is good if you know how to use it to your advantage.
I wish this mindset will change over time. If we want to change the world and involve everyone, we have to admit that those who join later cannot buy cheaply or as cheaply as early adopters. We must understand that not everyone is rich in order to be able to invest in every possible coin when it launches.
Also, crypto means much more than buying early and waiting. In a few years, you will see big changes as institutions join. It's time to study crypto, and the sooner the better.
Crypto could mean your financial future, but it's not for closed minded people who think it's a single opportunity and if you miss out, you're out. Someone has to buy what you sell to make a profit.
This is a process and I think it takes time to change people's minds. Fortunately these people are not the majority, otherwise there would be no market. It's time to wake up and see everything as it is. The old financial system is outdated, it's time for a new financial system.
**I am waiting for your comments and likes about my writing and views.**
Rediscovering Money = Crypto Money
Crypto Money is the new reality of payment systems that have been on the market since 2009, but have attracted even more attention from heads of state to giant investment companies for the last 5 years. The crypto money system, which has reached a wide audience even in the technology community, is still a great mystery for end users. In this article, I wanted to introduce more closely the cryptocurrencies that have not yet clearly penetrated into our lives for many of us, but I foresee that there will be much more in the near future.
In order to understand the concept of crypto money, it is first necessary to know what "crypto / cryptology" is. Cryptology is the science of encryption in its simplest terms; In other words, it can be expressed as all of the techniques used to transform a readable information into an unreadable form by unwanted parties.
Say hello to the cryptocurrency
The term "Cryptocurrency", created by combining the words "crypto" and "currency", means crypto, "cryptocurrency". Crypto money refers to the virtual currency that is used via the internet and is not connected to any central authority or intermediary institution. Cryptocurrencies take this name because they can only be used from virtual wallets where they are placed using certain passwords.
With cryptocurrencies, individuals or institutions can spend or receive money just as they do with real money. In fact, we have been familiar with this system for years because we use this system for our bank cards, virtual cards or every transaction we make in a virtual environment. For example, when we spend with our virtual card, we spend money virtually without physically leaving the cash of the bank.
Unlike real money, cryptocurrency is not a value carried in a leather wallet. No state or private organization has a say in the production of these coins, which have been developed with a decentralized system, and they are not affected by the economic situation of any country. To put it briefly, crypto coins are organic structures and they obtain a certain value by being produced by individual users without any government support or central authority. This ensures that the currency is referred to as more secure.
From Lydians to Cryptocurrency
Although there are many types of crypto currencies today, Bitcoin is the first to emerge and still the most common. So by whom and how did Bitcoin come about? As the founder of Bitcoin, all sources point to the name "Satoshi Nakamoto", but the interesting thing is that it is not known who or what this name represents.
Bitcoin is an open source software developed by Sahoshi Nakamoto alias. Although Bitcoin is the ancestor of crypto currencies, there are many types of cryptocurrencies that have a place in the crypto money markets and are adopted by users: Ethereum, Ripple, Tether, Litecoin, BitcoinCash, etc. some of these.
How Is Bitcoin Made?
As I mentioned earlier, Bitcoin is not a paper money minted in the mint. For the Bitcoin production phase, the term "mining" that works with the "proof of work" algorithm is used. In other words, just as digging is done to find gold, math problems are tried to be solved by software to find crypto money. Bitcoin mining "BTC Mining" operates with a structure and Blockchain technology that provides financial transfers, approves financial transactions and enables the production of new Bitcoins.
Bitcoin miners are called "miners". In Bitcoin (BTC) mining, miners use special software to solve math problems. The mining procedure, which ensures both the security, continuity and operation of the network, is the most important part of the Bitcoin network.
While a miner completes the transfer transactions he wants to take place, other miners confirm this transaction. In this way, the security of the transactions on the network is ensured and this transaction is added to the "blockchain data ledger" network as a new link.
Is it safe for the user?
In the use of crypto money, transactions that can be seen in all systems that have access to the network are more open, visible and transparent than all known and used systems.
Crypto money is a safe currency due to its organic structure and not being managed by any central authority, but this structure does not make cryptocurrencies completely safe.
The biggest risk of cryptocurrencies for users is that if the money on physical computers is not transferred to the virtual wallet, it can be lost if the computer crashes.
Another threat is that with a transaction volume exceeding billions of dollars, the risk of "hacking", ie cyber attack, is present, albeit low. The costs for "hackers" seem to be quite high even for organizing such an attack.
Is it risky for the state?
The events in Russia and Korea show that some organizations and individuals using cryptocurrency have developed their own fraud model. Crypto money is perceived as a threat by states because it can be used easily for illegal activities such as money laundering and tax evasion.
Since these coins are kept in virtual notebooks and these books are located on the computers of millions of users in a way, it poses a serious risk that they cannot be followed by a central authority, while banks and non-governmental organizations increase the pressure on the relevant states.
Goodbye to paper money, hello to digital payment systems
Today, when the world economic order is reshaped with the shocking effect of the pandemic, the structure of crypto money that is not affected by politics, the block chain that cannot be tracked and its rapidly profitable shares have become the favorite of the world countries.
While states want to control the money, which is a symbol of sovereignty, even digitally, through central banks, many states are taking action to issue their own cryptocurrencies; Dubai (Emcash), Japan (J-Coin), Venezuela (Petro), Estonia (Estcoin), Sweden (E-Krona), Russia (Crypytoruble) are performing their first cryptocurrency trials.
The People's Bank of China (PBoC), China's central bank, officially confirmed the news that the country's official digital currency will be tested, and stated that the tests will soon begin in the country's capital, Beijing.
Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University, suggests that digital currencies may explode market size over the next five years. Rogoff claims that the volume of the markets will climb to $ 5-10 trillion in five years.
In the report of Oxford University examining the transaction volume in the crypto market; With the spread of Covid-19 cases around the world, it is seen that the volume of crypto money increased between January 1, 2020 and March 30, 2021. The researchers explain this by the decentralized nature of crypto transactions and the fact that investors turn to crypto to secure their money when they lose trust in government and banks.
**In the coming months, we will see whether the rising trend of crypto money will continue.**
My Recommendations for Those Who Want to Invest
Sometimes we didn't have money, we want to do something with it without the great devaluation consumed it, most of the time we prefer to buy a material commodity because of our ignorance in investments. But most of us wonder if we want to deposit our money, but don't make these big mistakes before you do.
You don't save enough
One of the biggest reasons we invest in a business or stock market due to lack of money is that most of our money goes to all expenses without leaving a small percentage for savings.
**One of the solutions to this big problem:**
Pay yourself at least 10% of your income first, if you can increase this amount faster you will have good money to invest.
Keep track of your spending budget exactly.
Eliminate unnecessary expenditures that we think are small, but they will grow after a while.
Not knowing the investor's profile
This is the information we need to know, this data guides the investor to decide where the risk level is. With this in mind, this information may enter the unknown and you may be losing your savings or even a loan you have requested.
Not having an investment plan
Before investing, you should have a plan that always tells us the steps we will take without having to reevaluate or make a decision every time, we can't just invest the money and see what will happen, for example we have a plan at Cubdefi when to harvest our SPC or Den or a The way to choose to invest in a farm with the highest profit but a lot of risk or money loss.
**Solution:**
What are the Goals: This is very essential because it will tell you exactly what you want to achieve with the money you invested.
The Risks It May Have: You should always consider what risks your money can have, what the limit it can withstand losing.
Strategies: This will always assist you in what decisions to make, not that you will go first.
Find out which is the best investment
Not only should you be guiding yourself where to put your money, you shouldn't just let yourself get carried away by what you say. You have to educate yourself financially, what kind of investment you need to invest in real estate or cryptocurrencies, it will depend on which option you decide, which one you feel safe.
While investing many people want to see their earnings quickly, sometimes what they do when they don't have money for the expected period is to withdraw their investments even at the best time when a currency or real estate is at its best. . That's why you should be patient and cautious when investing, choose whether your investments are short or long-term, if you know they are long-term, you will buy them in order to realize your investments at a certain time. fruits are a little late but better rewards.
You left too early
There are many people who are caught up in their emotions, withdrawing their money earlier than expected, when you see an investment drop and withdraw it, you cannot stop being caught up in your emotions, you have to follow a plan for what will happen. your strategy when a security falls or rises and stick to it. In the minds of passers-by, they need to buy fast because it rises, and Po falls because it sells fast, leading them to buy high and sell low.
**I hope it has been a useful article for those who will invest. I am waiting for your likes and comments.**
I Started Searching For New Findings About Crypto
Everyone likes to buy something to no avail, and the airdrop definitely fits the bill, but if my Bittrex holding value is something to pass, I'm sure XYM's XEM airdrop should get the cake as the best ever.
I'm now worth $ 156 million !!!
Well, this is just a technical glitch and it will be fixed before the market opens and I will sell and become one of the richest in the country. It's a shame since my sense of authority as 0.1 percent has already begun to relax in my newly purchased personality.
I don't even know what to do with $ 150 million - sure, I can do whatever I want, but I don't even know where to start with that kind of money.
Today we were talking about new cars with a friend because a coupe colleague recently bought theirs. I am not in the market and neither does "car fever", but although he drives very little cars, he has been thinking about it for a while. However, what I mean is that I don't want a new car for me if it won't bring some kind of value for which my own car is not advertised because I don't care much about cars, the value should be more than the feeling of driving a new car. that means it has to change my experience in some other way.
When it comes to a car for me, it's going to be all-electric, because firstly, it changes my driving style and forces me to think about other things like the way I use electricity. This will likely affect other aspects of my life, for example what kind of solar energy I will add when we eventually need to remake the roof.
But there is more to it than that, as EVs have gone a long way in the evolution when it comes to battery technology and other aspects that make them more practical and sustainable. A normal internal combustion engine will always be exactly that, like a battery, the source of electricity that charges it, can be replaced in the future.
Demand is necessary before there is enough mass for many innovators to enter an industry, but this is a catch-up situation, because without innovation, demand remains low. Many people wait until a "working version" is available for their needs, but the time it takes to get that version depends on people purchasing less than the ideal version. And because it is less than ideal, it is often ridiculed by buyers for their decision to support such a poor quality product or concept.
Because he's "in", I likened it to the adoption of cryptocurrency in the early days, with no use of Bitcoin, and even now it's still heavily criticized for not solving the problems it has set to solve if a decade or so is enough to build a global economy from scratch. Electric vehicles have not yet addressed the air pollution, but one thing is for sure, driving increasingly combustion engines like we do will not help with the problems either.
The thing is, it is silly to think that people will magically change their habits even if it harms themselves or the environment (which is effectively harmful to themselves and all of us), so alternative solutions have to be found. However, for these solutions to be adopted, they must be practical and easy enough to ensure that the use barriers are low enough for the average "bad habit" to be willingly involved. For something like electric cars, the range and charging times and of course the price should go down. But prices are dropping drastically, and the range and charging times and improvement in electricity generation are technical issues.
There are a lot of the same problems for crypto where practicality is hampered by a lack of innovation and wasted energy, but it is necessary to encourage doing so to involve the right people to solve these problems. Now that we are starting to see some of the bigger players in the crypto scene, and once they do, it will attract more demand. People know ridiculously priced NFTs are ridiculous, people know Elon Musk is pumping Doge for giggles, but the attention it brings brings demand to the industry, and it's attractive for developers of all kinds to get involved.
Since crypto and blockchain technology can be integrated as part of an economy or to support an economy, this means that businesses of all types can somehow benefit from using it if there is sufficient demand. Again, catch-22 comes into play here, but as more businesses add use cases and start generating economic value on blockchains, more who will come to draw attention, and that means industry innovation. Due to a wide range of applications to various types of businesses (especially for supply chain management and value transfer), as well as all kinds of gaming and social interaction capability, where trillions of dollars are traded each year, there are many areas where the business world can compete, not just to compete.
Much of this will replace existing processes, such as replacing an EV with a combustion car, but in the process of building the replacement there will also be further developments in alternative areas such as solar panels and energy storage. When it comes to crypto, many people look in the "currency" aspect and say it doesn't work because not every one is widely accepted regardless of other aspects like DeFi, it's a highly innovative economic tool. and atomic swaps mean that it doesn't matter if one coin is not accepted, it is easy and cheap to switch to another.
Not only that, payment cards like my Wirex that can hold a number of tokens and instantly choose which one to use at the point of sale (POS), it doesn't matter whether the store they're using is buying crypto or not, because it's converted to local currency. If this local currency is another crypto, no harm, no foul there either.
Bitcoin doesn't have to be a global currency because crypto is already becoming a whole, where value can be generated or created in a wide variety of ways, such as blogging or gaming, and through various interoperability gateways across chains, value is fast, cheap, secure, and precise. can be transferred in some way and can never be stopped at the border.
Just like EVs, there is a long way to go in development, but similarly, this development is happening and interestingly feeding each other. Just imagine that while people complain about how much energy Bitcoin consumes for mining, more than 40% of it comes from renewable sources, and mining continues to thrive, putting demand for cheaper energy sources for lower bitcoin "production". costs. None of the factories around the world are close to green, and at some point they will use learning from blockchain economies to develop their own businesses in many ways as well.
Crypto is a growing economy, and as the demand increases, so does the urge to innovate and compete, and as this happens, there are more reasons for more businesses to take part, increasing the overall economic mass held and generated on blockchains, to be transferred. It is tracked by blockchains and ultimately by blockchains. This will mean that as well as increasing the pace and breadth of innovation, the understanding of the public will also increase and there will be more demand for the application of capabilities to other industries such as banking and government, where people will benefit from some more accountability and transparency.
At some point, all of the things we are talking about today will be replaced by outdated and imaginative systems, technology, and the variety of uses. People will interact seamlessly with blockchains, earn crypto no matter what happens, live their lives in a way they look back and ask - "Why did it take so long to change our ways?"
**If I really had $ 156 million, I don't know what I would buy with it, but I know which way I'm looking. Nothing is free, something always comes first.**
BTC looks like it's going higher
On Monday, the Bitcoin (BTC) price rose from $ 47,000 to over $ 53,000, while shorts worth roughly $ 150 million were liquidated within a few hours.
Ethereum (ETH), Binance Coin (BNB) and other major cryptocurrencies also rose about 15% over the same period, while the cryptocurrency market as a whole saw strong short pressure.
After Bitcoin's 12% recovery in a single day, the futures market has been completely zeroed and funding rates remain neutral.
Why does today's Bitcoin short edition look like bullish?
Short-term tightness in trade means that short sell orders in the futures market are liquidated in a short time.
When the shorts are purged, short sellers are forced to reclaim their positions, ironically leading to increased buyer demand in the market.
Thus, the number of shorts decreases rapidly and long contracts or purchase orders begin to dominate the market.
When the number of Longs increases significantly, Bitcoin's funding rate rises. This is because the funding rate increases when there are longer orders in the market.
If the financing rate is above 0%, buyers have to pay short sellers part of their positions to sellers every eight hours and vice versa.
In the case of Bitcoin over the past 24 hours, the funding rate remained relatively low, despite BTC's strong rally.
In fact, according to Bybt.com, the funding rate for Bitcoin on major exchanges is below 0.01%, which is below the neutral rate.
This means that there are still more shorts than longs in the Bitcoin futures market, which could catalyze more of the upside.
This trend is bullish for Bitcoin because it comes after the mass liquidation of short contracts. Lex Moskovski, chief investment officer of Moskovski Capital, said:
“~ $ 150 million #Bitcoin shorts were purged in this short move. Nothing smells better than roasted bears in the morning. "
Traders believe Bitcoin can target higher in the short term
In the near term, traders say the $ 55,500 price level is a key level that must be recovered for a chance at all-time highs.
Johnny, a cryptocurrency derivatives trader, said:
"Swept the lows and now we're having a very strong jump. We haven't gotten out of the forest yet. We can get back $ 55,500 and then we can talk about the new ATH. For now, play level by level. Strong reaction so far."
Adnan Van Dal, a former institutional trader, emphasized that if Bitcoin does not drop until the US market opens, the likelihood of a larger rally increases. Dal wrote:
"If $ BTC can open to the US (EUR am), imagine the cud will be fine for a while. Open durable goods orders, real data is good, SPX near ATH, started taking profit Friday and the firm started. Think helpful - this year SPX / The $ BTC weakness is one thing. According to the TSLA wildcard character. "
**As long as Bitcoin remains open to the US market above $ 51,000 and aims for a recovery above $ 55,000, the all-time high chances for the foreseeable future will remain strong.**
Cryptocurrency is still in its early stages but I see it getting serious
Despite the improvement in bitcoin and crypto prices over the past two weeks, I think we're only halfway through this bull market cycle. This is a feeling shared by other more qualified professionals in the industry and is based on the history of previous cycles in 2013 and 2017. So this correction - even if it's a 40% drop - is normal and has been in the past. The next leg is still about to come.
At this point in the journey, crypto is really becoming more and more common day by day. Bitcoin has its own ETF since February, and this month Ethereum received three ETFs in Canada. This is great news as it shows how happy mainstream institutional investors from the old fiat markets are to adopt cryptocurrency as part of their portfolio. Anyone who does not yet have a cryptocurrency in their portfolio seems to be lagging behind.
These ETFs, or exchange traded funds, are the tool that large investors who use brokers to buy for themselves tend to enter the market. It is an indirect approach for those who prefer to trust a broker and is not welcomed by crypto enthusiasts who have their own independent bankers and brokers. But the average person with more money than financial knowledge might want someone else to tell them what to do or manage their money for them.
Since Ethereum is currently part of the main investment environment in Canada, it will push the US to catch up and leave behind. China is far ahead in the game of crypto and CBDC, so they will likely take over the world financial market and soon remove the dollar from its base as a global reserve currency. The dollar has already declined to only about 55% of the global reserve currency, or use in international trade. When the dollar drops below 50% of all currency bought and sold internationally for goods and services, it can no longer be called the world reserve currency, so the time is approaching day by day.
Now with Ethereum becoming such a hot commodity in Canada's mainstream financial markets, it seems like some people would rather invest in Ether than invest in Bitcoin. And this makes sense as they are two different products or assets. Bitcoin has become the equivalent of digital gold. While it is seen more as a store of value, Ether has more use cases as a platform for smart contracts and Dapps and a large number of altcoins.
So their benefits are quite different. In fact, it helps traders when bitcoin is slow in its tps (transactions per second) and also has a stable and never changing code. Ethereum, on the other hand, needs to be fast and scalable and allow for continuous improvement in the code to make it easy to use among developers and investors. We definitely need to solve the problem of gas charges, where miners kidnap users and ransom with extortioner gas fees for each transaction. I personally refuse to trade or use Ethereum until this gas fee becomes negligible once again.
So, the overall market correction is normal now, and while it jolts weak hands or new retail investors selling under these conditions, long-term "hodlers" prefer to buy these particular drops. With ETFs emerging and China's bullish again in Bitcoin, the long-term trajectory still looks positive and healthy. The cryptocurrency is here to stay, and it could be the dividing line that determines which nations will rise and fall in the coming years.
Those who adopt bitcoin and cryptocurrency more easily will prosper and thrive as countries that ban it or avoid it financially step aside. As the new store of gold and value, Bitcoin is inevitable. It is actually less than gold. This digital gold is the money of the people. Fiat is state money even in the form of CBDCs. As central banks such as China and others begin to use digital currencies as a popular tool to exchange paper money, the cryptocurrency will become mainstream and physical cash will fall into the annals of history.
Since Gary Gensler recently became head of the SEC (Securities and Exchanges Commission) in the US, we have someone more familiar with cryptocurrency, so in my opinion, the much-appreciated crypto ETF in America is one of its investors financial market as a tool. Canada beat them, so they need to improve their game in order to remain competitive. Like the difference between bitcoin and ethereum, it is surprising that very few people really know the details about the cryptocurrency and so the mainstream needs these ETFs to feel safe when entering the crypto market through a broker or investment manager.
We are still in the early days of cryptocurrency history, and as this bull market continues all year, the long-term trajectory of cryptocurrencies will continue for decades. It all depends on your point of view.
**We crypto enthusiasts are still well ahead of the curve, and the majority of the world's population still wants to get started, so consider yourself early adopter and ahead of the pack with a huge first mover advantage.**
I Think, 2029 Will Be The Last Bitcoin Mega Bubble
Bitcoin had Mega-Bubbles in 2013 and 2017
At this time of the year, BTC increased x10-x20 for less than 12 months, followed by a brutal year-round bear market. We are currently assuming that this will happen again in 2021.
The obvious logic for these mega bubbles is clear: it happens because Bitcoin halves the block reward every 4 years (210,000 blocks), effectively halving total inflation, thus causing a supply shock in the markets for 12-18 months. Then.
In 2012, the block reward was reduced by half from 50 BTC to 25. We've seen Bitcoin's price jump from $ 100 to over $ 1000 in 2013. In 2016, the block reward was reduced by half from 25 to 12.5. We have seen the bitcoin price rise from $ 1000 to $ 20000. In 2020, the block reward has been halved to 6.25 BTC. So far we've seen the price drop from $ 20,000 to $ 60,000 and the market is still tremendously bullish. We haven't seen where to peak this time, but logic says we'll graze at least $ 200k and, based on those models, we'll probably go up to $ 400k.
Stability is better than mega bubbles
Of course, mega-bubbles are a swing-trader's best friend. We have the opportunity to sell at the top and even shorten the market as it goes down to make enormous profits before buying again. However, this is a zero-sum game tactic and an awakening for every very rich person is left behind where dozens of novices are ruined. This is bad for holding and bad for Bitcoin's reputation in general. It would be much better if Bitcoin could make consistent gains every year without too much risk. This automatically puts mainstream adoption in order and turns off dissent very quickly.
Is it possible?
I think it's not only possible, it's guaranteed to happen in as little as eight or nine years. I started noticing this the other day while randomly reviewing a Bitcoin block explorer.
What i noticed
One thing I didn't consider before: it won't be long before mining fees exceed the block reward. Recently, while browsing a few blocks, I saw something that shocked me:
Mind-blowing
Bitcoin miners only exceed a full Bitcoin for transaction fees on some of the newer blocks. This is legendary. Let's compare this with other blocks.
Even in February we see the fees to be equally high, but in September Bitcoin was still doubling, while it was about 6 times lower in BTC (not USD) terms. Bear market wages in 2018 and 2019 were very cheap and even 5 times lower than in September.
However, the most interesting block block height is 500,000. This was in the middle of the last mega-bubble on December 18, 2017. The BTC.com mining pool received a massive 3.4 BTC from fees alone: this is madness.
Corporate adoption
Institutions are going into Bitcoin, and it's safe to assume they don't care much about fees. They use Coinbase to buy BTC, so they don't even have to pay on-chain fees, and when they pay on-chain fees, they transfer so much BTC at a time that the fee is completely pointless.
Due to all these variables, it is quite clear that miner wage rewards will increase more than in 2017. I predict that some blocks will only go up to 5-10 BTC from transaction fees. This is ALREADY higher than the current block reward, which is 6.25.
So what will happen in 2024?
Block reward will be reduced to 3.125. Later, in 2028, the block reward will be reduced to 1.5625. Later, in 2032, the block reward will be reduced to 0.78125.
Looking at these timelines, it becomes quite clear that cutting the block reward will not make some difference in as little as 8 years. Who cares that the block reward is 1.5625 when the fees increase by 5 BTC + per block? At some point in the relatively "near" future, the halving event will not matter at all.
And I think it's a wonderful and amazing thing. Bitcoin inflation will effectively be close to zero in less than a decade. Everyone talks about how low inflation will be in 50 years, but we certainly don't have to wait that long.
All of these work perfectly as intended. The network is vulnerable when young and should greatly promote security. As the network ages, it can defend itself and pay miners only transaction fees. It's a really cool system. Although BTC will pay miners close to zero inflation, it will remain the highest safety net in the world.
Welcome stability
I believe this dynamic will greatly increase stability and eliminate those pesky mega bubbles altogether. Instead of bitcoin raising x10-x15 above the curve, the biggest bubbles we should get are around x3-x4, just like normal. This will make it much easier to predict the markets and know when to support the network as the market is overheating, and when it will support the network, and to predict in trades. Buy low sell high. Secure the network and get paid at the same time.
This will be a very valuable event because then we will stop having bear markets throughout the year: Bitcoin will be in a continuous bull market.
Once Bitcoin stabilizes, this stability will flow to all other projects. Crypto is a strip deck. Any advantage that Bitcoin gains seeps into the entire cryptocurrency. Bitcoin is strong.
Result
In less than a decade, for all intents and purposes, Bitcoin will have zero inflation but still be the safest network on the planet. The fees will be huge, but Bitcoin was not designed for high speed: it was designed to create wealth. All we have to do is HODL.
Oddly enough, inflation is a killer dapp and most people just don't get it yet. Bitcoin will not forever be the # 1 coin by market cap, in fact I guess ETH could reverse it at the end of the year for a brief moment. Get ready for the maximalists to cry sweet tears when it happens.
Again, while inflation is actually a gamble (a good gamble), everyone thinks inflation is the devil. Bitcoin eliminates this risk by eliminating inflation, but this opens the door for other networks to exploit inflation in a superior way. We are already seeing how crazy things about yield farming can get these tokens even with absurd inflation (and indeed due to inflation).
Bitcoin will not always be the best cryptocurrency by market cap, but it will be the most secure and stable currency for decades. This is its niche, and there is no competition on this front. Looking at the numbers, I think we can get there in as little as 8 years (maximum 12). I imagine it will be the world reserve currency by then, but somehow it won't even be the highest value project. Crazy thinking. We are entering the Age of Abundance and we are standing on the ground floor.
**I advise everyone to take their own guards. It is imperative to take risks to win. If you want to make money, you will take risks.**
Watching the Cryptocurrency Grow Fast
I want to start my article with a question like this.
How many people are actually involved in the cryptocurrency?
It is difficult to answer this question. Reports at the beginning of the year, the figure is about 100 million people globally. On a planet with a population of more than 7.5 billion, this is insignificant.
The number is estimated to have increased somewhat in the last 4 months. What is the growth rate? This is anyone's guess. However, we know that the business is expanding substantially.
Interest in cryptocurrency in the United States is beginning to reach a significant part of the country. Included in cryptocurrency are always high.
A survey was conducted by the Winklevoss Twins Gemini group. This was done to try to understand what was going on.
The results found that roughly 14% of people own cryptocurrencies. With an estimated adult population of around 260 million, this is more than 36 million people who own this cryptocurrency.
This will lead us to believe that the number of crypto users is much higher than the 100 million estimated at the beginning of the year.
Another point revealed by the survey is that we see that men outpaced women at a rate of% in this regard. The distribution is 74% to 26%. In addition, we see that this is a very popular area.
These numbers are far from mass adoption. They show how a big plus. However, it is clear that there is strong interest in future projects.
It is possible for this number to reach a total of 50 million people, approaching 20% at the end of the year.
**Bitcoin Wallets**
Many think the best way to look at Crypto adoption rate is to focus on wallets. Fortunately, we can reveal what the two main currencies look like with a growth area.
The number of Bitcoin wallets has increased significantly, according to Statista. Considering all the attention the leading cryptocurrency receives from institutions, this is no big surprise. This also brought along a number of wealthy individuals.
The chart is a bit misleading as the timeline for the last 3 iterations is much shorter than before. It increased from each quarter to 4 days.
However, it writes that in January there were 66 million Bitcoin wallets and currently over 71 million.
**Ethereum Wallets**
The second leading cryptocurrency has always attracted a lot of attention due to the number of wallets. This has long been considered a barometer of what has happened since the practices in Ethereum outnumbered elsewhere in the industry.
Recent increases in the cost of transactions may be changing this view. However, this is still a crucial chain for the ongoing expansion of the industry. More in the next section.
While the growth in Bitcoin wallets is impressive, Ethereum's growth is even greater. The network is adding more wallets more quickly. There are also twice the number of wallets compared to Bitcoin.
Using Etherscan's figures, we see that Ethereum wallets are approaching 150 million. That's over 130 million to start the year. About 18 million wallets were added in about 4 months.
**Binance Smart Chain Wallets**
Due to the cost of transactions on Ethereum, newcomers are gaining a lot of momentum.
BSC really started gaining interest in February for DeFi applications. Crop farming craze has been brought to this chain, which is absolutely booming. This caused a massive influx of money into the chain, driving TVL to over $ 30 billion.
It seems that this has spread across an incredible number of wallets. We see that he started to approach Bitcoin with this metric in a short time.
BSCSCAN brings this total to 67 million.
**NFT Market Booming**
In the first half of the year, the NFT market exploded. This is no surprise to those in the cryptocurrency industry, either. Currently anger and statistics support this.
We see that the value of the NFT market is rising rapidly. This is a move that has started bringing in celebrities as well as longtime crypto billionaires like Mark Cuban.
According to Bitdealer, the market value for NFT projects increased by 1,785%. Probably continues to rise throughout the month of April.
It is difficult to control the exact number of users. Since things are spread over a number of chains and there is some degree of anonymity in all of this, we are not sure how many people these wallets are converted to. We know that people have more than one wallet in many chains. So everything that is finalized is really an estimate.
Still, the trend is clear. While we can't get the exact figures, it's pretty clear that there are more people dealing with cryptocurrency and digital assets than at the beginning of the year.
Is this a result of the bull market? Maybe. Rapidly rising prices tend to attract many new people.
However, it is important to note that permanent changes occur. For example, DeFi is starting to offer some legal financial services. This will only expand as more development and innovation takes place.
At the same time, the world of NFTs is just beginning to open up. This will lead to a huge experiment, and some of these will have a lasting effect.
The bottom line that looks like all this is that cryptocurrency adoption is on the rise at a rapid rate. The numbers will probably be much bigger in the next few years. It will not be surprising if we see the total number of wallets pushing the 1 billion mark for these three chains alone.
**I hope it has been a useful article for you. I am waiting for your likes and comments.**
I Set Top Ten Rules for Crypto
It's three times longer than you would like, and there is some content out there about CUB and unsuitable stuff. He also asks me to talk about some things about taxes, and I'm thinking of adding privacy-related stuff.
This post is basically a remake of this post ... hopefully good enough for what it's looking for. I need to simplify my old post and make it delicious for beginners and a wider general audience.
The cryptocurrency world is an incredibly complex, potentially frustrating and frustrating place. When should we buy it? When should we sell? What are the best projects to invest in? How do we protect our assets from theft? Who do we trust to give us advice and help us build a stable foundation?
Crypto is a raw and emerging asset class with exponential potential that requires great guidance for those who have no idea what they are doing. That's why I have compiled a top ten list of these mandatory instructions for new users entering the field, or anyone who feels lost and has many questions.
**Rule 1: It is a Bitcoin Gateway**
The first mistake many new users make is to ignore Bitcoin. That's exactly what I did three years ago. Everyone wants to be rich as soon as possible. Everyone is looking for "Next Bitcoin". I am here to say that "The Next Bitcoin" is Bitcoin itself. These networks are alive and are expanding at an exponential rate. Bitcoin is at the top of its class.
If you are wondering which crypto to put your money in: the answer is automatically Bitcoin. Once you have some experience with the big dog, you are free to slowly dive into more complex webs. At the end of the day, Bitcoin is extremely volatile and risky compared to the old asset classes, but compared to other cryptocurrencies, Bitcoin is the safest and most secure piece of property you can hope to own. This is a great starting point for anyone and the mainstay for this entire developing universe.
**Rule 2: Ignore Unit Bias**
Our brain likes it when we complete a task and gives us a reward for doing it in the form of a dopamine hit. The human brain is a fascinating tool that can get us into a lot of trouble in certain contexts. For example: how many times have you had a very large meal just because you wanted to complete it? This is the most common form of unit bias studied by scientists.
In the context of crypto and especially Bitcoin, unit bias tricks our brains into thinking we should have an entire coin. Now that a single Bitcoin can handle over $ 50,000, this falsely leads the vast majority of people to believe that Bitcoin is "too expensive."
Of course this is totally absurd. Bitcoin units are completely arbitrary. If we all collectively decided that 0.001 Bitcoin is actually 1 Bitcoin, then that would be the new reality and we would change the metering system to x1000 accordingly.
A very easy way to escape the negative effects of unit bias is to stop measuring Bitcoin in Bitcoin and instead start calculating that wealth using the smallest possible measure: 1 Satoshi. A single Bitcoin consists of 100,000,000 Satoshi (often referred to as "sell"). So instead of feeling dull after spending $ 500 for just 0.01 BTC, we have to tell ourselves instead that we bought a million sats for $ 500. This helps the brain deal with the loss of misperceived unit bias.
**Rule 3: Stop trying to time the market**
It's not about timing the market, it's about time in the market. While the forecast is legally blind, the market backward view is always 20/20. Nobody can predict the future. Stop worrying about when you will enter the market and be ready to be off the market for a long time.
**Rule 4: HODL**
Don't panic when the market crashes. The market is collapsing all the time. Most investors seem to have a goldfish memory. They complain of taking a 30% loss immediately after gaining 200%. This is not the stock market. A 30% retracement is standard, even in the strongest bull markets.
**Rule 5: Average Cost of Dollars**
DCA is an excellent tactic that surprisingly requires an enormous amount of self-discipline. When the decision to buy or sell is made, we need to enter / exit the market slowly over time with stable hands. This reduces volatility and reduces our exposure to these highly volatile markets.
It seems like we always have our number one in the crypto markets. It will rise somehow every time we buy and every time we sell and fall. It is much better to spread these orders over weeks or even months than to make hasty decisions at once. Stop gambling in the market by moving all-in and all-out on the seat of your pants. DCA instead, you'll be glad you did! The slow and calm wins the race.
**Rule 6: Decentralize your assets**
Coinbase, Binance, Bittrex, Huobi, Kraken etc. Anyone who hides all their money on a single exchange wants trouble. Centralized exchanges create honeypots and make great targets for hackers and other thieves. By storing our cryptocurrency in multiple locations, we can greatly reduce the risk of destructive loss.
Many will tell you to never keep money on an exchange and only use hardware wallets such as Trezor and Legder. This could also be a mistake. If all of our value is parked in one place, that makes it much easier to get lost or stolen. Depending on how much money is at risk, it's smart to access multiple exchanges, multiple hot wallets (smartphone apps), at least one hardware wallet, and maybe even cold storage.
More casual users who only risk a few thousand dollars or less can easily get away with just using centralized exchanges and / or apps on their phones. However, crypto has a way to generate exponential gains. You can find it in 5 years on the road where your few thousand dollars turn into several hundred thousand and you will definitely need to increase safety along the way.
**Rule 7: Community is key**
Cryptocurrency is all about building communities, building innovative governance structures, and participating in this massive emerging experiment. It's often a good idea to support communities you want to succeed, such as investing in a company or even donating to charities. Personally, I only invest in networks that I actively use and participate in. Playing the game of speculation about what might happen is a slippery slope while being active in these various communities and putting your money where your time comes becomes a much more satisfying bet. .
**Rule 8: Don't trust anyone.**
The whole purpose of cryptocurrency is to build unauthorized and insecure systems that do not require us to attach our faith to a central authority. Cryptography acts as an intermediary. Algorithms and smart contracts give us the tools to convey value to others and receive payments for ourselves, without having to rely on the other party to remain dignified.
If someone asks you for your private keys: they are a scammer. If anyone suggests investing in a new project, be very careful to risk your hard-earned assets for new experimental products. Many new development teams give themselves full control and can steal anyone's money at any time. This is often referred to as an 'exit scam' or 'mop'. Be very careful: If it sounds too good to be true, it probably is.
**Rule 9: No silver bullet**
Rooting for a particular cryptocurrency can be like rooting for a sports team. Everyone wants their team to "win". There are many mispercepted rivalries in space. Remember: The term "Ethereum Killer" is a completely wrong name. Few of these networks actually compete with each other. Open source code does not compete with open source code.
This is a cooperative economy where everyone helps substantially all. When a project produces an extremely valuable piece of code, that code is distributed and reallocated to all other projects that find that code valuable. Interoperability across networks and collaboration between developers is imperative.
Blockchain technology is an extremely inefficient database that stores hundreds, if not thousands, of the same information on the same number of servers. In general, the more inefficient and expensive to use a network, the more secure, robust, and decentralized the network becomes. Security, trust, and decentralization come at a high price.
There are many tradeoffs to consider when building a new network. Any platform that claims to be fast, decentralized, secure, and scalable at the same time is selling you a lie. No one cryptocurrency can do it all, and most of them have their own niches and divisions to play in this living ecosystem as they work together to achieve a common goal: freedom and trust among large communities.
**Rule 10: A journey, not a destination.**
Cryptoverse is a living and breathing entity that is constantly evolving and improving itself. It moves with the fists and adapts to the constantly changing environment. Like life itself: there is no end to the journey. An individual may die, but the story goes on forever. An individual may be vulnerable, but the whole is much greater than the sum of its parts. Crypto is alive and will defend itself accordingly.
**Result**
I hope these guides help new users as they try to navigate this complex and confusing space. When in doubt: choose Bitcoin. Do not keep all your eggs in one basket. Stop gambling and start investing. We are all in this together.
I Think Bitcoin's Dominance Is Decreasing
The cryptocurrency industry is at a major crossroads.
Bitcoin has been around for a long time and that was it. This is what the whole world has been discussing when it comes to cryptocurrency. It either led to or was ruled by the maximalists who believed it was Bitcoin and believed there was little.
Of course, not everyone falls into this category. Now we see that some things have changed.
Many felt that the future of blockchain and cryptocurrency was far beyond a single asset class. This meant that over time we would see great innovations that will catch the attention of others. This will eventually lead to increases in token prices and further reduce Bitcoin's dominance.
This is something that becomes clear.
According to Coingecko, the latest market cap dominance puts Bitcoin below the 50% barrier.
We also see that the total Bitcoin and Ethereum make up 62% of the total.
These are still big numbers. However, it is important to note that we are seeing a big change. Not so long ago, these two tokens accounted for 70% of the total. Another fact is that Bitcoin was close to 70% last year.
Naturally, the markets are going down. This could be an uninterrupted trend or reverse course for a while. Either way, the general direction of the industry is clear.
Sites like Coingecko do their best to watch what is happening. Still, there are many things that fall outside of their total. While most of these will not immediately affect events, their peak over time can make a big difference. When considering projects like Leofinance and Cubfinance, that only adds a few million to the total. However, projects like this can be 10x or 20x over time.
This is important because there are hundreds, if not thousands, of projects out there.
Of course, we basically ignore the whole NFT market. We've seen some really mind-blowing numbers assigned to some recent sales. It looks like the whole industry is in a frenzy mode.
Again, we can question whether this will continue or not. Perhaps it won't happen and a more segregated process will take place. However, we cannot dispute the potential that comes from this innovation. Digital ownership does not disappear. In fact, it will only grow as you progress. A more digitalized world means that property representation is paramount. NFTs provide this.
DeFi has definitely captured the imagination of the crypto industry. It also collects a lot of money.
Here we see that this discussion is very important.
Most are familiar with DeFi activity taking place on Ethereum. It has grown significantly in the last 16 months and continues to grow.
Here is the current TVL according to Defipulse:
Now we're looking at over $ 60 billion. However, this is not the only game in town.
When we look at the numbers on Defistation, we see that large sums of money are locked in.
We're approaching locked-in at $ 95 billion between the two.
Of course, it shows the amount of DeFi coin then locked into the BSC. This is a new area for the crypto community. In addition, the BNB token has raised rapidly this year, providing a market cap of $ 87 billion.
I predicted that towards the beginning of the year, the DeFi market (TVL) would grow from just over $ 15 billion to $ 300 billion. This was a 20x estimate.
If this is true, at what speed are we moving, what will be the value of BNB, ETH and everything else in this industry?
All of this is important in terms of decentralization.
This is an issue that has been discussed frequently. It is sometimes difficult to see how this happens when we focus on several chains or token distributions in a particular project.
However, when we consider the sector as a whole, we immediately see how this happens.
Decentralization is important because it provides flexibility. When something is centralized there are points of failure. This is no surprise to most people in the crypto world. However, as we start the decentralization process, attack vectors are beginning to spread. It is no longer possible to lift the entire apparatus in a single movement.
Bitcoin survived many attacks. It was the primary goal of a FUD campaign that lasted nearly ten years. This was he who provided protection for others. As few paid attention to what was happening elsewhere, progress could have taken place without too much interruption.
Fast forward a few years and we see how well the shadow provided by Bitcoin is being used. There are a lot of things that are starting to take shape and that will make it difficult to remove it to a great extent. With the increase in overall market value, the money needed is only growing.
At the same time, the number of nodes operating in different chains is mind numbing. Who knows how many there are in total. The number of miners in Bitcoin has increased in the last few years. This does not include those in BCH, LTC, and other Bitcoin forks.
We have PoS systems that continue to expand later. They have more parent nodes along with block validators. Their total continues to grow over time.
Finally, we see the number of whales getting bigger. At one point, there were really only Bitcoin whales. This handful was the financial elite of the crypto world. This is no longer the case.
We see projects (blockchains) becoming extremely valuable. Therefore, its large owners are now saving a significant amount of money. Many are now combining this with DeFi, further increasing their position.
All this means that the industry is spreading in all directions, which is a good thing.
Bitcoin's eroding dominance shows how the cryptocurrency has grown and matured. This is an important step. I estimate that the ultimate dominance falls to the 10% range.
Given the fact that Bitcoin's price is likely to be higher in the future and therefore a larger market cap, it shows how much we can expect the value of the entire crypto industry to increase.
**If you found this article informative, please give a vote.**
Half of Young British Investors Trade Cryptocurrencies
According to a survey conducted in the UK, half of young British investors trade cryptocurrencies and 70% consider digital assets a good investment.
The survey concludes that with the huge increase in popularity of cryptocurrencies such as Bitcoin and Ether, UK citizens aged 18 to 37 are far more likely to buy and sell these assets than to buy or sell stocks.
Only 25% of UK citizens said they own at least one stock. In addition, investments such as cryptocurrencies and difference contracts have become more popular. In the data obtained from the survey, the amount of investments of the investors was not detailed.
**Young Investors Are Not Afraid to Take High Risk**
The online survey, in which 1,000 participants voted, also revealed the amount of risk that young investors did not see any problems in taking. Richard Flynn, managing director of Charles Schwab UK, who conducted the survey, explained this situation as follows: “Cryptocurrencies seem to be a popular fad at the moment. However, the point that should not be forgotten is that such assets are speculative and do not comply with traditional risk management models. While the potential returns are attractive, investors should be aware that such assets are very sensitive to the balance of supply and demand and that there is no real value behind some cryptocurrencies. "
With the explosion in crypto currencies, many well-known investors stepped into this area, but the reason for the increase in prices was the interest of individual investors in cryptocurrencies in the coronavirus pandemic.
**Pandemic Era Made Crypto Money Popular**
Bitcoin has gained 670% in value over the past year to $ 55,400, and young investors who have more time and more money to spend during the quarantine period have also been drawn to the cryptocurrency world.
According to the data in Charles Schwab's survey, 44% of young people and generation Z investors were trading with cryptocurrencies in May 2020, while this rate increased to 51%. Only 8% of investors over the age of 55 invest in crypto money.
In addition, investment methods such as difference contracts and 'spread betting' have also gained popularity among UK citizens. 29% of young people use such investment tools.
Thanks to the difference contracts and practices such as "spread betting", which are not allowed in the USA due to their high risks, investors can trade with a financial asset without actually owning that asset. Large economic losses are experienced in these areas as high levels of leverage are used.
Watching Dogecoin's Impressive Rise Ending
Bitcoin is also pulling back, but Bitcoin Cash and Vechain continue to rise sharply.
After an impressive seven-day rally in which the Dogecoin price rose by 362%, the coin began to retreat today.
Doge has a reputation for being the most volatile cryptocurrency. Tesla CEO Elon Musk's tweets increased the price of DOGE by 40% within an hour earlier this year. Some analysts have described this as the "Elon Musk Effect."
Dogecoin's latest bull run started on April 9, when the price was around $ 0.06. Over the next eight days, DOGE increased more than six-fold. However, as of today, the upward rally has ended and DOGE fell to $ 0.27.
**DOGE was Made for Joke**
In 2013, software programmers Jackson Palmer and Billy Markus got involved in the altcoin printing craze and produced Dogecoin. However, back then, DOGE entered the cryptocurrency market as a comic product.
Dogecoin has increased its price significantly in recent months, along with statements from celebrities such as rapper Snoop Dogg, rocker Gene Simmons, and multi-billionaire Elon Musk, making it the fifth largest cryptocurrency.
This rally was great for Dogecoin. The market value of DOGE, whose market value was 17 billion dollars in February, reached 50 billion dollars. The total value of the crypto money market is around $ 2 trillion.
**What Is The Situation In The Crypto Market?**
The rest of the crypto market appears to be in a healthy position. Bitcoin reached its all-time high of $ 64,863 on Wednesday, April 14. The leading coin has since declined to $ 53.329.
Among the top 20 cryptocurrencies by market cap, Bitcoin Cash and Vechain grew significantly last night. Bitcoin Cash, a fork of BTC, rose 25% overnight to a high of $ 1,111.
Vechain experienced similar growth. Currently traded at a price of $ 0.24, the token has risen 33% since last night and 69% since last weekend.
**What awaits the crypto money market later in the weekend, we will wait and see together.**
In My Thinking Reasons Why Bitcoin Dropped Below $ 51,000 The Night Before
I saw that people who made an unverified tweet caused panic. Sudden sales came as a result of this panic. For this reason, it initiated gradual liquidations in the crypto derivatives market, coupled with a drastic drop in Bitcoin's total mining hashrate.
Bitcoin fell below $ 51,000 late Saturday due to the forced liquidation of long orders.
A number of bad news triggered sales, but only one of them was verifiably correct.
Volatility may continue this week as many indicators point to the "buy bottom" movement.
Bitcoin and the wider cryptocurrency market have seen one of the most terrible crashes, leading to $ 9 billion in liquidation. There were three main sources of negative catalysts.
**Money Laundering News**
While Bitcoin's price dropped to $ 50,900 on Binance.
A decrease of 12.3% occurred from 23:15 within 20 minutes. The decline apparently was triggered by a tweet posted about an hour ago claiming that the US Treasury is investigating financial institutions for illegal crypto use.
While the unconfirmed source was the last bearish point, downward pressure was increasing in the market throughout the day.
The Bitcoin mining hash rate dropped 40% per week after an accident in the Chinese coal mine stopped operations in the entire Xinjiang region. The big change raised concerns about China's dominance over the market, and one region affected almost half of the total hashrate.
Finally, yesterday's rumors of Coinbase executives' sale of COIN stocks also ironically weakened the morale of the rising market last week for the same reason.
The fake Twitter account **Crypto Randy** reported yesterday that the chief product officer and financial officer on the exchange sold almost all of his shares at its Wednesday launch.
The COIN fell from its $ 430 high to $ 309 the day after its debut.
However, financial experts disputed these claims and speculated that some sort of confusion and the inability to distinguish between real stocks and options contracts led to misunderstanding. Eric Yakes of the CFA, who brought the issue to the agenda on Twitter, deleted the tweet. He noted that Coinbase executives only hedge their assets, and that figure is still likely over 90%.
**Sales Arrived**
The liquidation price of extremely leveraged long-focused Bitcoin and altcoin orders, especially Binance, has been completely deleted. As traders were forced to sell at these prices, it increased sales, creating a domino effect on the price.
Over $ 9 billion was liquidated, mostly on long orders, and Binance users accounted for about 50% of the total amount. Huobi, ByBt, and Okex each recorded over $ 1 billion in liquidations.
The financing rate for permanent contracts dropped to levels not seen since the March 2020 crash. The biggest purge since the collapse shows that the worst is left behind.
The Coinbase Premium indicator also saw a "buy at bottom" action, where the larger difference between spot prices in Coinbase Pro and the derivatives market indicates strong buying action by institutions.
However, the confirmation of local lows guarantees consolidation above today's lows in the coming days.
**I think that such corrections will occasionally occur as a result. I think that it is necessary to be patient and reach the result with the right decisions without haste and panic. Profits to all of you.**
If I Courage I Will Buy It
I felt like you did not understand much of my title or that you could not perceive what I meant. If I mean a little bit more, who actually bought crypto from the discounts the market has recently offered us? I would say not too much, although there are quite a few who like to buy LTC under $ 300 or BTC under $ 55,000 or HIVE below $ 0.5, for example. The truth is that most crypto participants are not good investors at all.
I received a phone call from a friend who took advantage of trades on Binance to tell me how he got a rect… again. He's shortening uptrend trends and longs for mass enthusiasm and optimism. Good luck with this one, though I'll stick to my plan. I have some timeframes and some price targets for starting my DCA and I will stick to that.
I don't care what tomorrow or tomorrow will happen in crypto, and I honestly don't think anyone knows. The rumors are that this dump is due to some FED and crypto money laundering rumors, and I do not see it valid because I think the FED will not make future plans in the discussion groups. If something serious happened, CNN and CNBC would know this before crypto twitter.
The other narrative is that there was an outage in the Chinese city of Xianjing that caused a 40% hash rate to drop ... Many reasons may have triggered the garbage, but one thing is certain, the long $ 10 billion liquidation in just a few hours is too much.
The bull market is not over yet, I'm 100% because I can't imagine a bull run with cryptos like Litecoin, for example, it hasn't even reached its previous ATH and the only alternative chart that paints the bull market euphoria phase is in the form of DOGE. The bull market will start again. If I'm wrong and this is our long-awaited bull market, my place doesn't belong here anymore.
This makes no sense, and this would actually be a failed bull market. I doubt this is the case. I believe we still have a few months, I can say for a rise in prices up to half a year, and by the end of the year we will witness parabolic rallies across the board, not just in the case of DOGE.
Nothing against DOGE, it has proven to have such a strong community, and most of the investors who put their money where their mouths with this meme money made good profits. If I held my 250,000 decks in the bear market, I might have been one of them, but it's too late to regret ...
Do not regret that there is no sell stop limit in this dump, because the market will soon go north once again, but if you regretted not buying alts a few weeks ago, here is your chance and you should take advantage of these discounts. I have no cash left to invest, but I am not selling it ...
**I hope you are having a great day despite the dump and see you next time.**
**Thank you for your interest,**
My Thinking is Biden's Fearful Dream DCEP
Joe Biden, the new president of the USA, has been having a nightmare lately. No, in a nightmare, former President Trump does not come back after proving that the election was cheated. Or Biden's deputy, Kamala Harris, does not try to throw poison into his cola and kill himself and become president in his place.
Biden dreamed that the Chinese digital currency DCEP replaced the US dollar and became the world's reserve currency. The Fresh President was waking up in cold sweat.
Aside from the joke, Bloomberg said in a report that he based his name on sources that he did not reveal, that the Biden administration is worried that the dollar will lose its position as the world's reserve currency against the Chinese Yuan in the long run. According to the news; Various government agencies, such as the US Treasury Department, the Pentagon, and the National Security Council, are further working on Chinese electronic money.
According to the report, American officials are not concerned about the reserve status of the dollar in the short term. But fears are growing for the long run. Relevant departments collect information on whether the digital Yuan is operating in an environment that specifically imposes a trade ban, embargo or sanction.
I personally guarantee the American officials that it works. China and its allies are most faced with these sanctions barriers on the dollar.
If China is making a digital currency, of course, it will ensure that it works against sanctions just like Bitcoin. In this case, the power of the economic sanctions to be imposed by the USA on any country will of course decrease. In fact, as America's economic sanctions of a country can be overcome more easily through digital money, it will also push the target country towards China.
According to the Global Findex Database report 2017 data published by the World Bank, 1.7 billion people without bank accounts live in the world. According to another study called Tactical Reach Index published by Mastercard in 2019, approximately 1 billion people, 60% of whom do not have a bank account, reside in 15 countries and 607 million of them own a mobile phone. If we assume that this rate is valid all over the world, there are approximately 1 billion people who do not have a bank account but have a mobile phone. Most of these people live either geographically close to China such as Vietnam, Indonesia, Myanmar, etc., or live in countries such as Brazil, Mexico or African countries that China can easily influence economically.
Here, the first customer base to be targeted by the Chinese digital currency DCEP will be this large population segment, which mostly uses cheap Chinese mobile phones but does not have a bank account and therefore has not been integrated into the Dollar system. Of course, it is not a pleasant situation for the USA, which has been used to keeping the poorer countries under control with its popular culture, technology and most importantly, money. In this case, it is quite natural for Biden to fear DCEP.
However, can we think that the Chinese currency Yuan or DCEP will become the dominant reserve currency in the world instead of the dollar in the medium and long term?
In order for DCEP to become reserve money, it first needs a very deep borrowing, namely bond-bond market like America. Although difficult, China can establish such a market.
DCEP also has an important advantage in its love. Since the beginning of 2018, if China makes its oil payments in Yuan, it also guarantees to pay the Yuan owners in gold for these money, if they wish. In other words, the Yuan and DCEP, which is issued based on it, have a limited gold-backed currency feature, albeit vaguely. If China wishes, it can make DCEP constantly gaining value and gain an advantage over the unlimited and constantly losing structure of the dollar.
However, the most important obstacle for China will be political and cultural, not economic. No matter how much we criticize, America is still the main advocate of values such as democracy and human rights in the world. On the other hand, China is already displaying an ultra totalitarian management approach with applications such as 24-hour surveillance of citizens with smart cameras and computers or filing citizens with social credit scores. You see, a businessman who does not like the administration is jailed on fabricated charges and sometimes even disappears.
China is willing to take this totalitarian understanding further with a centralized blockchain technology, in contrast to Bitcoin's decentralized blockchain. With digital, cryptocurrency DCEP, it intends to fully supervise all financial transactions of citizens. Although the Beijing administration claims that DCEP will be semi-anonymous, who can trust this type of regime with an obvious past on these issues?
The spread of the Chinese money will mean the spread of this totalitarian understanding. Of course, people would rather live under democracy than living in a digital concentration camp, with many aspects to criticize. America's greatest advantage in this struggle may be to protect and develop democratic values.
**So what should the Biden administration do to avoid fearful dreams?**
1- Avoid practices that will make the dollar even stronger by excessive spending and printing more money to close them.
2-It is not possible for America to struggle with China in the field of material production. It should give importance to political and cultural superiority such as democracy and human rights.
3-Washington should not block independent cryptocurrencies, especially Bitcoin, within the framework of democracy and human rights. Because although China makes DCEP slightly limited, it cannot allow the Yuan to be highly valued. Such a policy will make China's export difficult. When it has debts exceeding the size of the USA, it can neither tolerate an increase in interest rates nor an overvaluation of the dollar. However, although Bitcoin has great ups and downs, it will continue to gain value rapidly in the medium and long term. Both Americans and the world can ignore the economic advantages of DCEP only if they have access to all reserve assets such as Bitcoin, gold, silver, dollars and so on. America's and its allies' banning Bitcoin will actually push the whole world into DCEP's lap.
In fact, putting together the advantages and disadvantages for both sides, the result is that the dollar will gradually give up the world reserve currency throne. However, this position will not be filled by any other currency. Probably the world will have a multipolar and balanced reserve monetary system for at least a significant period of time.
**Here, in addition to both paper and digital versions of national currencies such as Dollar, Euro, Yuan, etc., limited currencies such as Gold, Silver and Bitcoin will also have a very important place.**
I Think Young Dollar Maximalists Are Uncomfortable
In the cryptocurrency world, there are maximalists of many assets, especially Bitcoin. For these maximalists, only their own currencies are valuable, others are waste, and eventually the world will completely switch to its own currencies.
As I have written and explained many times before, I do not agree with this view. I believe that there should and will be a wide variety in the future, both in the cryptocurrency space and within the framework of other monetary assets.
The interesting thing is that there are maximalists against cryptocurrencies as well, for currencies that are based on will and have no borders. Of course, the most powerful of these currencies is the American Dollar ($).
A few days ago, a great news came from the world electronic payment and credit card giant Visa. Visa, which has previously announced that it will carry out important activities in the field of cryptocurrencies, announced that it can allow transactions with USDC, one of the largest stable cryptocurrencies tied to $ in payments. The company announced that it has begun testing USDC transactions on the Ethereum network.
The news was welcomed in the cryptocurrency community, as it is thought to further increase the adoption of these assets. Prices started to increase in stock exchanges. Of course, the other party is very angry with the situation. Young dollar maximalists are sorely uncomfortable, especially in the US.
They say: “This is just a trial run. Previously by other companies
a lot of such attempts have been made. All of them were inconclusive. Why should it be successful now? " Also, "The Ethereum network is very slow and very expensive, it is not possible for Visa to make large amounts of USDC Transactions here. What will Visa gain from this in the real world? "
The same $ maximalists have said for years that Bitcoin "It's just an experiment, it's too slow and expensive, you can't even shop in real life, using it, will be banned soon, trial version, etc." They say. What happened? The world's largest companies, the most famous investors, the wealthiest businessmen have entered the race to add Bitcoin to their balance sheets as a reserve asset. I also appreciated how your proposal looked exactly like this combination of extreme conspiracy theorists, with this $ maximalist blustery rhetoric on TV in Europe for years.
Now, $ maximalists are scrambling over this new news. While they are struggling, Visa states that it is carrying out these transactions with high demand from customers. While world giants such as PayPal and Visa are so active, other rival companies or even other companies in other sectors cannot stand still.
What will happen is this: Just as Tesla started or will start accepting Bitcoin and Visa USDC for payments, many other companies will take this path. Over time, they will start to experiment and use faster and cheaper blockchains. Or they will start using more centralized but fast and cheap parallel networks called L2, which are prepared for large crypto assets such as Bitcoin and Ethereum. Let Madame Lagarde and his local and foreign supporters clap as much as they want, someday the central banks will also receive assets such as Bitcoin.
As Bitcoin is in its rising season today, we see these movements happening much faster. After a while, Bitcoin will enter its fall season, and these $ maximalists and conspirators will shamelessly say (as they did in the past), "Bitcoin is dead, we said, what happened, all trials came out."
Of course, when the rising season starts again, both Bitcoin and other cryptocurrencies and especially new blockchain projects that are faster and cheaper will continue to spread tremendously, this time faster than before.
**So $ maximalists and conspirators would expect a lot. If you want, get on the table and top it! Cryptocurrencies are here, they will not disappear and they will develop rapidly. We will wait and see this together.**
Another ATH For Bitcoin! Let’s check the activity on the blockchain?
Bitcoin hit 64k right now of composing this, April 14, 2021, setting another ATH. Bitcoin was going sideway in the 50k to 60k territory for the entirety of March, and a piece of February.
How about we investigate how is this affecting the organization. Is there expansion in the quantities of exchanges, new wallets, and the general action.
**We will be looking at:**
Total number of wallets
Active wallets
Hash rate
Number of transactions
Fees
The data presented here is mostly gathered from the blockchains charts.
**Number of Wallets**
Here is the chart for the total number of Bitcoin wallets created.
Bitcoin has around **71M** wallets now. It just crossed the 70M mark adding almost 8M wallets in the first three months of 2021.
Here is the table for the numbers of new wallets created per year in the last five years.
YearNew Wallets20165,347,934201710,814,559201810,399,937201912,605,257202018,931,959
From 12M in 2019 to almost 19M in 2020, or a 58% increase.
In the first months in 2021 we have 8M new wallets. Will be interesting to see how 2021 ends in terms of wallets, but most likely will be more than **30M** new wallets in the year.
Here is the chart for the more **recent data on new Bitcoin wallets created per day.**
This one is a bit interesting. Up until November the numbers of wallets created per day was in the range of 20k to 40k. In November 2020 these numbers increased significantly reaching more than 200k wallets created per day on a few occasions. After this there is a drop in the daily wallets created and the number are around 80k per day. Still more than the 20k to 40k from before.
The price goes up, but the numbers of new wallets is not up a lot. This is now the case for the last six months. Is it just the institutions buying? Is retail still on the sidelines, or people just use custodian wallets? Cant really tell, but the number of new BTC wallets is not following the price action for now.
Active wallets
Obviously, a lot of wallets are created. But how many of the are being used?
Here is the chart.
The record high numbers for active Bitcoin wallets per day was reached in December 2017 with almost 1M active Bitcoin wallets. A sharp drop in 2018 to the 400k daily active wallets, and a steady growth since then.
In the last period the number of active Bitcoin wallets has reached almost 900k per day. Getting close to 1M but still not an ATH in active wallets.
ATH in price, but not ATH in number of active wallets is another indicator that the price is driven by large accounts.
Hash Rate
The ultimate Bitcoin value is the network stability and security. The network security in a proof of work chains is measured in hash rate, or how difficult is to mine. The bigger the completion, the higher the hash rate.
We can notice that the hash rate has started to grow more significantly in 2017 and its has been going up ever since with some small bumps on the road.
Unlike the price chart, the hash rate chart has been going up and up, reaching new records every year. This shows that no matter the price miners are confident in the long-term outcome for Bitcoin and have been mined and scaling there operations even trough the bear market.
The ATH in hash rate was reached on April 6th, with 180M TH/s.
Transactions
The activity on the network is mostly represented by the number of daily transactions.
The numbers of transactions per day in the last months on average is just above 300k. Here as well we can see no significant increase in the numbers of transactions in the last period. They have been steady just above 300k. The ATH for the number of daily transactions is more than 400k and it has not been broken yet.
Fees
A bit unpopular topic the fees.
Fees are rising (in $) and this last period is in the range of $ 15 to $ 25 per transaction. It's still cheaper compared to ETH 😊. For most of 2020, fees were in the range of a few dollars.
Overall, a moderate increase in the number of new wallets and active wallets. The number of active wallets still exceeds 2017 ATH and the same goes for transactions. Hash rate is always increasing and has hit new ATH in recent days. Fees are also rising.
**It's interesting to watch this data for Bitcoin. Since the start of the bull run, the only time we've seen a significant increase in activity in terms of new wallets and transactions is back in November 2020. Since then, the numbers have been stable.**
**Let's see what a path it will follow in the future. Together we will wait and see.**
Mina pre-sale on Coinlist
Today I will participate in ten more sales of a coin. These ten sales will take place on the Coinlist exchange. Coinlist crowdsales is starting to gain momentum again. We were lucky to have a handful in the best market all year round. Still, I have to say that there are some pretty high quality jewelery in these rare offers! A small reward for those who got over it!
Now, in about two months, we've already started the third sale. This time we are in a serious bull market and everyone is now a crypto expert and a master trader.
Previous Casper and Rally mass sales (and discount sales) were a better experience than oblivion. Horrible hours for Europe and a bona fide queue system that rewards gamers. Not sour grapes, I managed to get into both events.
This time, we have a mandatory entry queue system that we hope will reduce the number of people who come to the game with multiple browsers.
Mina is the project that received the support of the crowd this Tuesday. It's been an interesting project I've been following for quite some time, using Zk-snarks to download the entire blockchain to a single hash. After all, this is much more useful than requiring a complete instance to offer block validation of the entire chain! Without this verification, you should not trust that it is an unbroken and intact chain throughout.
Minds multiplies this verification to the current state with a zero information period. Therefore, each user only needs to have a copy of the current block for full validation. Of course, most people will not only use full nodes for Bitcoin or other blockchains, but if enough people don't use a full node, the decentralized advantage of blockchains will be nullified. Mina allows all users to use the full node that is at the kilobyte level!
This also opens dapps to perform simple, lightweight and custom verification of previous user signatures. This will be very useful for identity management, single sign-on and credit / asset verification.
An absolutely interesting project that could improve the backend of many existing real world systems. Most importantly, it allows verification without compromising the privacy of the organization requesting verification.
The MINA team learned from the recent crowd sales and worked with CoinList to better protect their queuing systems against people playing the system. I have no doubt that there will be people who still try the queuing system and play games, but at least they are actively trying to get around it. Also, with a nod to the demand of the community (or the plunderer ...), the upper limit is significantly lowered.
As always, these sales have KYC and restricted places. Unlike other sales, there is no lock for 6-12 months. I wonder if this is a good idea. Long-term lockdowns from other crowd sales limited the amount of instant dumping for those who were not followers of the project but were more interested in achieving a rapid return on investment. I still think these tokens really need to be time-bound, like investor sales and developer pots.
Fortunately, there is a better recommended queuing system and the sale is in the middle of the European afternoon! I thought this (hopefully) would be a much more enjoyable experience than the last two, but it didn't come that afternoon. Because the site was too crowded and the time it gave me was around 229.000. I have been on the site all the time since the morning and he gave me this order. After the sale started, the sale ended within three hours. Therefore, I could not get it. **Clower coin will be sold on April 20, 2021. I recorded it. Let's see how my luck will be with him.**
**I am waiting for you all profits, likes and comments.**
I'm not in a hurry for these two coins
Of course, we all want our coins to be filled as soon as possible and our bags to swell, but when it comes to the "altcoin" I invested in, I have different expectations from each of them. There are coins that I explicitly enter for temporary monetary gain potential.
One of them is Chiliz ($ CHZ). I don't think people realize how much this coin will explode when the time comes. Then, I guess this is when the summer sports season really kicks off. There's already been a mini boom, but that's nothing compared to what happens when European football clubs begin to actively promote it to their fan base. I saw this potential and bought it entirely for the money. I'm not a big sports fan either, so it's all about the earnings :)
There are tokens that almost everyone is interested in; Bitcoin, Ether and others like Chainlink and Cardano for obvious reasons.
And then there are these two that I am not in a hurry. I'm holding them and I'm here for the long run - no matter what. These areI think most people reading this already know what the Hive is and why it will become one of the world's most important markers when the time comes..
I think most people reading this already know what the Hive is and why it will become one of the world's most important markers when the time comes.
I've seen Twitter's Jack Dorsey basically talking about Hive while thinking about a paradigm shift in social media. I wish these two knew what they were looking for already exists on the Hive.
As for the Nimiq, it will be on everyone's smartphone when the time comes. The technology will likely be integrated into real smartphone operating systems. I wouldn't be surprised if one day Apple decides to license the technology or buy it directly and integrate it with iOS. Blockchain technology is currently the only technology that is fully tuned in the browser that effectively turns every smartphone, tablet or computer into a node. Imagine this. When I read the whitepaper that I was sold and immediately invested in $ NIM, the token associated with the Nimiq blockchain.
If you ask me, I don't think these two tokens will reach their potential this sub season. I think both are at the beginning of what they can really do. Yes, the Hive has already significantly outpaced some on many levels. Hive Engine, fast and free transactions, world leading daps etc. It is among the areas where blockchain shines over others. Likewise, with Nimiq, you have OASIS atomic swap technology in your browser that allows you to switch from fiat to $ NIM in minutes.
Another similarity with these two is that they both have some of the most passionate communities in all of crypto. As shown during the hostile takeover of the previous blockchain, community is everything.
So, yes, we will see some good gains in $ Hive and $ NIM this sub season. In fact, we've already seen most of this gain as both have surged to their all-time highs recently. But when the time comes, these two icons will melt the faces and I am patient enough to wait for such a time.
**As always, none of this is financial advice. I could be 100% wrong :)**
My Thinking is Blockchain is Safe
As I mentioned in the title, the blockchain is secure. I will try to explain the reasons for this with small and explanatory examples as far as I can in my article. I will use a little bit of accounting language.
**Traditional accounting method**
Keeping an account is something everyone is familiar with. Especially now, you don't need to bring cash when going out. How much money you have is equal to the balance of various income and expense calculations in your bank account, Alipay or WeChat wallet.
*So what is accounting? For example:*
Mike's monthly salary is 10,000 yuan. In the salary payment process, the bank will record: 10,000 yuan for the corporate account and 10,000 yuan for the Mike account. After the salary was paid, Mike took advantage of the WeChat payment to buy a piece of clothing that cost 500 yuan on the Double 11. Currently, WeChat was recording: Mike's account was reduced by 500 yuan and the trader's account was increased by 500 yuan.
We accept this method of bookkeeping based on trust to accountants (banks, WeChat Pay and other third party entities). However, these are centralized accounting systems and it is difficult to avoid accounting errors and corruption caused by system breakdowns, company bankruptcies or other reasons.
You can have only one ledger, if everyone is involved in bookkeeping and the ledger is synchronized in real time, the ledger will become more open, transparent and more reliable. This way, any problems on either side will not affect the secure functioning of accounting. Obviously this is a better method of accounting than accounting by individual institutions, which is essentially a method of bookkeeping on the blockchain.
**Blockchain accounting method**
In the blockchain system, the accountant is selected according to a set of competition rules, and those who participate in the competition have a chance to win and become accountants. We assume that this rule is a Rubik's Cube competition. The first person to finish the Rubik's Cube gets the right to bookkeeping. This reflects one feature of blockchain accounting: decentralized accounting. The accountant is randomly generated by playing the Rubik's Cube game to make sure the accountant is no longer a centralized organization.
In each Rubik's Cube competition, there is only one winner who is responsible for accounting, and the accounting information is packaged (that is, a new block is mined) to create a data packet called a block. Once other players have verified that they are correct, copy (download and sync) this new block to the blockchain they are protecting; Although this is distributed ledger to all players, it ensures that everyone's ledger data is consistent (blockchain information above, same). This reflects the second important feature of blockchain accounting. All nodes (players participating in the game) keep the same ledger, which is very convenient for reconciliation.
*So how can I make sure the accountant doesn't cheat and keep fake accounts?*
This is achieved through validation and reward mechanisms. All players will verify the authenticity of the winning player's account. If the account is incorrect, other players will not confirm the account and the winning player will waste the opportunity to account. What's more, it means a generous reward each time you get the bookkeeping right, and a fake bookkeeping is equivalent to automatically giving up rewards.
*Therefore, the winning player will not keep fake accounts for the sake of their benefit.*
Even if there is a saboteur deliberately causing trouble, it will eventually fail other players' verification because only the correct calculation will be recognized by all players. This ensures the accuracy of the accounting data.
When the accounting is complete, a new block is issued. Block information has been corrected. It has its own unique data fingerprint (ie hash value. By hashing the block, the block's information is generated) Hash value, any change in the block will cause a big change in the hash value of the block).
In the next round of the game, the new winning player registers a new invoice page (mining in a new block) and the head of the new invoice (block header) has to save the data fingerprint of the previous invoice page (the hash value of the previous block), the previous invoice and the current invoice have a net which in turn is closely related.
If the invoice data on the previous page is changed, the data fingerprint (hash value) will be changed and will not correspond to the hash value saved on the invoice on the next page. All players can understand that this is an invalid chain that has been tampered with and can throw it away.
The header of the previous block also records the hash value of the previous block so the entire blockchain is interlocked and has a strict sequence, and as long as the data of a particular block is falsified, all subsequent blocks will change the proportion of the block, whose Compute data can be described as "a move that affects the whole body." This is the third main feature of blockchain accounting: all blocks in the chain are interconnected and algorithms are used to ensure that the entire information chain is not tampered with.
**Summary**
The blockchain generates bookkeeping rights through a competition mechanism to ensure the decentralization of bookkeeping nodes and the consistency of book data of all bookkeeping nodes. The new block references the hash value of the previous block to make sure all chain data is in a strict order and cannot be changed. ***With the above methods, the transaction information on the blockchain is ensured to be reliable, so blockchain is a machine that creates trust.***
**I am waiting for your likes and comments.**
I recommend HIVE owners on exchanges
Recently I thought of how we can motivate more HIVE holders to keep their tokens on exchanges and move those funds into their Hive accounts and leverage them.
In that sense, I thought it would make sense to brainstorm as a community, I suggest such people why they should do that.
Recently, about 42% of the current HIVE supply (excluding DHF) is held on exchanges, while the same number is only 13% for Bitcoin. While HIVE is probably the best in comparison to other sub-coins, it doesn't change the fact that this is a decent KPI for maintenance and improvement.
**Motivation**
Lowering this percentage number will be beneficial for the Hive for a number of reasons:
Less selling pressure
Greater governance participation, decentralization and security.
More on-chain engagement and activities, support and direction feedback for dApps
And I think throwing Hive and Hive Power this way makes even more sense when it is likely that there will be thousands of new HIVE holders thanks to new pumps that don't know much about the token they are now guessing.
**Effect on price**
The first is probably the most obvious. With less HIVE in stock exchanges, it is less sensitive to selling pressure. Instead, in the long run, more people investing will directly benefit the token's value. So to convince more HIVE holders who keep their tokens on an exchange, who have no idea what they can do with these tokens as Hive Power in the chain. my information).
**Governance and impact on security**
Second, we have recently heard the frustration of a few accounts having too much influence on governance and especially on DHF. Additionally, the upcoming fork is imposing a management vote lag as it gets stronger as a mechanism to defend the chain against the sudden power-up by stock market accounts as in Steem.
Moving and powering more HIVE from exchanges to wallets will help both ways. And a much more efficient and result-oriented strategy.
Improved ecosystem efficiency and contributions
Third, the more token holders on the chain, the more life will be given to the ecosystem. This can happen by having more users directly using the sites and dApps, but also getting more user / investor feedback and having more potential dApps and / or Clan investors beyond potential Hive Power delegations.
All of this can make it more attractive to launch communities and dApps in our ecosystem, creating a positive cycle by making it more attractive to share and participate in tokens.
Is this the perfect community goal?
I think this can be an excellent "community goal" to collectively target and track our progress. To start, let's say the percentage of tokens held in exchanges is 30% within a year.
No one better than those who decided to have HIVE as Hive Power could not make this sales pitch. After all, we made this decision ourselves, and we continue to make it every day while maintaining the strength of our strength.
So let's do this!
**Is there a place for a community competition?**
We can imagine Huobi emailing this to users who have HIVE in their wallets on their exchange (when we were first listed they asked if we wanted to do it back, but the aphaik never had the time or capacity to do so).
What would you write on one page to encourage or persuade them to move and power their tokens to a Hive wallet?
Be informative but also concise and efficient.
List what you see as the benefits of having Hive Power. In a short sentence or two to explain this.
Include both the potential for a positive ROI and the excitement of being part of building and growing something with great potential.
Personally, I would love to read them and compile the best chapters I have found into an example of "best practice" that I will use myself as a resource for an effective and efficient One-page sales pitch.
**My own suggestions for content**
Regardless of whether this is a community challenge or not, I'll follow my self-proposed sales letter. I think using it as an existing resource for hive promoters, dApps, or new users to get excited can still be of great value.
**So what should I focus on?**
Ability to earn some staking rewards compared to keeping liquid on an exchange.
Ability to delegate projects that can generate additional returns and contribute to a growing ecosystem of practice and community.
It helps shape the development and direction of Web 3.0.
But first of all, I want to get the feedback and opinions of others. I think the only advice I will insist is not to put too much weight on perceived "ROI" from inflation-derived awards such as curatorial awards (not return on investment). Returns beyond inflation alone are actually a ROI (like buying additional tokens from a community or dApp with good potential) can help raise the price of HIVE higher than it is today, thereby benefiting from one's investment. You cannot do this alone in a trade!
**I am waiting for your likes and comments...**
@chrishoffman
