Tectum is the Juggernaut of Blockchains & Monetary Systems
There is always stiff competition in the Business World, and the best will forever take the lead. If it were in the Jungles, we would say you "*Prey on the predators and eliminate competition*", but in the Crypto and Finance business, it's all about analyzing the top competitor's business model and perfecting your craft and outshining them. Let us take a deep dive and see the History of Tectum and what distinguishes it from its competitors.
**Overview**
Crispmind LTd is a cybersecurity company behind the Tectum Blockchain and some intellectual property in distributed ledger protocol, online messaging, etc. In 2015 They created systems for Banks and they also created cryptocurrencies for government and it's going to be used in Smart Cities. They created a high-security messaging application, which can be used as a payment app and translations. They also created blockchains for the governments.
**Tectum History**
Back in the 1980s one of the Tectum Core developers team worked with submarine software. Since the Computer infrastructure in the submarines is supposed to be always functional, it had to be sufficiently redundant, and this had some elements of the distributed ledger. In 2009 Blockchains came into existence and the Co-founder of CrispMind Alex Guseff with the help of Dimity Stakheev created Tectum, they used the Delhi language for coding.
**The Reign of Crispmind**
Tectum is owned by Crispmind a cyber-security company and we can safely say that Tectum has come to take its rightful position and lead as the best alternative fasted blockchain and payment system because it is well-structured and equipped. We cannot just claim that Tectum is the giant without showing facts. We have to unveil and see what makes it so unique from other Blockchains and other monetary systems. It can also be used when recording the Geo Position of drones and vehicle system status each second. So let us take a look at some projects they did and see what makes them so unique from other Blockchains.
**Tectum XFA -** This is a 3 Factor Authentication also known as the Quantum-Proof Authentication which is best when it comes to security and cannot be compromised. We were all used to 2FA authentication, but these were vulnerable because despite using the old 2FA, sim cards were duplicated accounts were hacked and funds were stolen. So eradicating all these problems, they gave birth to a 3FA which is scalable and secure.
**SquareShare -** They developed the SquareShare Cryptocurrency which is supposed to be used in the upcoming SmartCity Kobuleti Tech-Park for the Georgian government in the Russian Federation.
**Grig Messenger-** This is a payment application that has high security messaging and it was developed using the APSaaS platform model.
**PalmChain -** They developed a Trading Platform for the government of Dubai called PalmChain and it is a Sharia-compliant blockchain.
**X-Factor Authentication -** In 2015 they developed XFA for the Regional Bank in RF and they used Dual-tone Dial Authentication which it's now a quantum-proof protocol
**Patents -** they hold over 50 patents and some intellectual property for emerging technologies which are mainly focused on distributed ledger protocol, online messaging cryptocurrencies, and information security.
**Tectum Ecosystem**
Tectum has so many projects under its armpit and they are still going strong. The picture below shows how the Tectum Blockchain is structured, e.g. on top we have Tectum Wallet and Tectum Token in light blue, then below we have Softnote and Tectum Coin. So We are going to take a look at the following:
**Tectum Blockchain**
**Tectum Token and Tectum Coin**
**SoftNote**
**Tectum Blockchain -** It is a hybrid layer 1 Tectum blockchain, and it is the only one that uses Proof-of-Utility (PoU), it has a Superfast network Protocol than any other blockchain and can handle more than 1.38 million transactions per second. It is a fourth-generation blockchain with amazing speed. Since it uses the Proof of Utility algorithm, therefore, it does not require expensive and heavy machines to operate.
Solana was currently the best which processed transactions at the rate of 29,000 TPS, and there are other blockchains such as Fantom which has 300k TPS, and Cardano which has a processing rate of 1066 TPS. Then there is Ethereum which has 25 Transaction Per Second lastly Bitcoin has a slow TPS of 7. So considering the data we have on other Blockchain there is no doubt that Tectum Blockchain is by far the best.
The Tectum Blockchain is made up of 3 tiers and they all perform different tasks. The **top Tier** receives transactions from the Pool of Master Nodes forms a stack of transactions then does end-numbering sequencing of the hashes. Then the **second Tier** distributes stacks of transactions throughout the network, forming blocks. Lastly, the **lower Tier** is responsible for storing volumes of data such as public files, files related to intellectual property, client files, and system files.
**TEC Token and TET Token**
**TEC Token -** It is the Native Token of the Tectum Blockchain and it is minted when Tectum nodes perform a Bitcoin transaction on the Tectum Blockchain. When BTC is transferred into the treasury wallet TEC is then minted and acts as a store of value and you can redeem it and get real BTC from the treasury wallet and is also used to reward node operators. Tectum charges only 20% of the on-chain fee to perform the minting process and TEC will start to be used for paying gas fees when it transitions to full mode.
**TET Token -** Tectum Emission Token is a T12 protocol token and is used when minting new SoftNotes on the Tectum Blockchain and it can also be migrated to ERC20 etc. TET is feeless when it is used to transfer value between Tectum Wallets. TET will be used in the staking model after it transitions from private to public mode.
It is designed to perpetually circulate and when it is migrated to another protocol, the supply will remain the same. When a customer purchases TET tokens and mints SoftNote bills, the TET is returned to the minting and the bounty account in proportion 90/10 and the Tectum team will use the bounty account for marketing and development of the Blockchain protocols-related expenses.
**Utility of TET Token**
Minting SoftNotes
Paying Merchant Fees
Paying Layer 1 Gas Fees
Paying T12 Token Fees
Access to Incubated Projects
Accessing Tectum Project by Holding TET
**SoftNote -** It is part of Tectum’s service and it is the first transaction-less payment system with zero fees for end users. With SoftNote You can enjoy, instant transactions when you Send Bitcoin and Other currencies. SoftNote can make Bitcoin a scalable global cash system by reducing transfer fees to zero and fast transaction times. Fast and anonymous transactions are enabled by being replaced with handovers. Emitted SofteNote bills can be purchased via the Tectum web wallet and mobile application.
*SoftNote uses 3 Chain of Block namely:*
**Genesis chain** - which is large and slow
**Payment Chain** which is Light and Fast
**Dynamic Chain** - which is for Clusters
**Advantages of SoftNote:**
Anonymity - SoftNote is more anonymous than Bitcoin wallet.
Excellent Security - Softnote Pin-Codes cryptographically secure your Softnote ownership.
Zero-Commission Payments - Retailers pay the commission if they receive soft notes in point of point of sale.
Instant Payment Processing - Transactions are handled and processed at lightning speed.
Internet Independence - The paying party can use physical format, paper printed SoftNote bill, and conduct payment without using an electronic device or the internet.
Handover instead of Transfer - The handover process is not visible on the chain
Reverses the Transaction Fee Paradigm - Senders are not charged fees and retailers are charged less than 1% of all incoming transactions.
Network Independence and Isolation - Payment Handover allows full protection of participants from native networks’ performance issues, where payments can be handed over personally in device-to-device mode or sent through any network capable of transferring picture format files.
Cash Money Property - SoftNote can be handed over in a paper form and received by another party as long as they are connected to the internet
Robust and Maturity Technical Framework - Built on our proprietary and copyrighted intellectual property.
Dominated Bills - SoftNote bills are denominated according to globally accepted standards: $1, $5, $10, and $20.
Micro Transaction Friendly - micro-transactions are possible because of finality and zero fee policy.
**SoftNote Revenue Streams:** Revenue is generated from the Minting of SoftNotes, Terminal Merchant fees, SoftNote marketplace, Advertisements, Tectum Products, NFT marketplace, Ecosystem Fees, T12-20 Token Standard and IA module fees
*Let us take a look at the process of minting SoftNote bills:*
**1. Crypto Wallet Creation -** The first preparation for Softnote minting and filing, is creating an empty Crypto Wallet using Tectum BTC
**2. Minting SoftNote -** TET is spent by the minter to mint a SoftNote pack of 100 bills. Each bill is assigned a different serial number and the BTC amount is sent to the dedicated address and then the SoftNote minting licenses are applied to the Minter’s account.
**3. Liquidity Provision -** The liquidity provider transfers BTC to the SoftNote crypto wallets of the bills they want to fill. Then Liquidity Provider licenses of these SoftNotes are assigned to the Tectum account.
**4. Releasing For Circulation -** These SoftNotes are distributed by the Minter and these can be distributed in different ways. This can be done through Sales, Exchanges, direct transactions, or a network of agents or distributors.
**5. Revenue Generation -** The retailer is charged a capped fee of 1% if the SoftNote is spent for retail purposes and the LP license and the Mt are paid 20% each.
**Advantages of Tectum Wallet:**
Minimum Fees - You are charged less than 2% off on chain blockchain fees and Bitcoin which you move from your Tectum Wallet to SoftNote is transferred for free.
Bitcoin Mempool - Tectum's Bitcoin node interacts with the Bitcoin standard Mempool.
Optimised for Efficiency - Tectum’s Overlay Network functionality and built in nodes for other blockchains such as Bitcoin and Tron mean that transfers of these assets from within the Tectum wallet are optimised for efficiency and low fees.
Gateway to the SoftNote Ecosystem - Your Tectum Wallet is the gateway to the SoftNote platform.
**Tokenomics**
A maximum of only 10,000,000 Tokens were created, and they did their initial Coin Offering from 1 February and 30 June 1 TET was being sold at $3 but currently 1 TET is being sold at $11 per coin. Their target was to offer 6,500,000 and 1,000,000 Tokens for Marketing and another 1,000,000 for development expenses on the Tectum Project.
Then 500,000 is for the advisors and the other 1,000,000 is for the team. 2,500,000 for Private and public sales are vested for 10 months. After the ICO was closed on 30 June, they managed to raise $4,200,000. Currently, 4,981,934 TETs are circulating in the market with a market Capitalization of $57,200,000.
**Competitors of Tectum**
The market is already dominated by other giants and Tectum is coming as the underdog but intending to conquer the current crypto and monetary system. Of course, it's going to take a long time for Tectum to be fully recognized because the current systems are fully recognized and used by the whole world. *Which Systems are these?*
SWIFT
Ripple
The Lightning Network
**SWIFT** - The Society for Worldwide Interbank Financial Telecommunications is a messaging network that was developed in the 1970s. It connects banking and securities organizations in more than 200 countries. Its headquarters are located in Belgium and central banks from the G10 countries are the ones in control. With the SWIFT system cross-border money transfers are possible and people can now send money anywhere. The only problem with SWIFT is it's so slow and it is expensive to use. Since it's centralized and controlled there is a monopoly at play and this is a loophole if we are to consider Tectum.
**Ripple** - Ripple Labs is another centralized organization that came in as a competitor to SWIFT using cryptocurrencies and it was the best option considering that SWIFT is so expensive and slow to transact with. It has products such as its native Token called XRP and they have xRapid which settles cross-border transactions faster than the SWIFT system. Then they also have xCurrent which speeds up fiat swaps when used in isolation from xRapid. The main problem with XRP is it has little use case and the Ripple labs have control of the XRP ledger.
**The Lightning Network** - The cost of transacting in Bitcoin, slow speeds, and scalability led to the creation of the Layer 2 Lightning Network on top of Bitcoin. It sets up a payment channel between two parties and puts the first and last transactions on the Bitcoin blockchain and the rest of the transactions are handled off the chain. After a payment channel is initiated, both parties commit an amount of Bitcoin, and that Bitcoin is held as long as the payment channel is opened. This Lightning network is vulnerable to cyber attacks which include: Griefing attacks, Flood, loot, and Time-dilation pinning attacks.
**Drawbacks Faced by Current Monetary Systems**
As we know in Business, you have to find the problem being faced in the market and then bring a solution to the table. Other monetary Systems are already doing well in the industry, but obviously, they have some drawbacks that Tectum has to improve. So for us to get a better understanding of Tectum I decided to take a look at challenges being faced by existing money systems then we see what makes Tectum Unique.
**Fiat Systems**
Also known as Bills of Exchange, these started dominating in the 20th Century after they replaced physical commodities such as Gold, Silver, etc. These Fiat bills are legal and are recommended by the government and the majority trust them but they have disadvantages. Since they are legal, the government can print more bills and this will lead to hyperinflation. There is easy manipulation since the government determines the monetary policies and there is too much debt in these.
**Cryptocurrency-Bitcoin**
Bitcoin came as a game changer in 2009 and people were hesitant to embrace the change, but for those who were brave enough to embrace change. The advantages of Bitcoin were, decentralization, fast, and it had limited supply which meant inflation was going to be tamed here. With time people started embracing Bitcoin and this was putting the blockchain to the test. The blockchain was now experiencing overload as transactions were increasing it became slower and the fees went up and it was now expensive just like the current Fiat systems.
**Alternative Solutions to Fiat and Bitcoin**
In 2012 Ripple Labs came into play and they created Ripple also known as XRP and this came as a bridge to other cryptocurrencies. Ripple was the real deal because it was cheap and fast and more than 100 banks use XRP.
Then late in 2015 came Ethereum, and it was now an alternative to Bitcoin and its ecosystem grew as businesses started building their systems on the Ethereum Blockchain. As the masses embraced the blockchain, it also became slow and very expensive. At one point the fees went to more than $100 when transacting with Ethereum.
**What Makes SoftNotes Unique?**
SoftNotes does not have the issues of Payment channels if we are to compare it with Lightning Network and its BTC Commitment requirements. Lightning Network is vulnerable to attacks which makes it less secure. SoftNote has Off-chain channel transactions that are not written to the BTC blockchain. Tectum is unique and far too much ahead because it is decentralized and unlike Ripple and the TET has a better use case as compared to the XRP. The Tectum network is ahead of the current SWIFT system and can perform cross-border transactions much faster.
*SoftNote is unique because:*
**SWIFT** has a limited TPS of 29000 and it is not compatible with other systems international transactions become so expensive and slow which makes SoftNote a winner here.
**Ripple** Micro-payments are incompatible with this monetary system because its TPS is limited to 1500. Unlike SWIFT, through the IOU's ripple is compatible with other systems but it is reliant on B2B trust.
**Lightning Network's** Lack of scalability led to its failure in El Salvador and its extra 3 layers make it less trustworthy. It limited the speed and throughput of Lightning since it moves Bitcoin through the BTC Blockchain. It is still reliant and owned watchtower systems and channels and this gives The Tectum and SoftNote an edge.
**SoftNote Ordinals and How They Will Improve Traditional Ordinals.**
This feature is still a work in progress but when launched it will allow you to mesmerize images, inscribe data, and give unique identifiers by using 1 Satoshi. SoftNote will deal with traditional ordinals-related issues like re-inscribing, file size limited by BTC fees and block size, and immutability. Unlike traditional ordinals which clog the BTC mem pool, SoftNote uses the Tectum blockchain. SoftNote ordinals use a passcode and serial numbers to transact and they can be sent over WhatsApp, email, and any other platforms, whereas Traditional ordinals will need a Bitcoin wallet to be stored and sent. If you hold 200TET and above, you will be eligible for the first-ever SoftNote ordinal mints.
Move your current ordinals to SoftNote ordinals to make them immutable, low-fee, and wallet-less.
**SoftNote Accomplishments and Plans**
The Blockchain Testnet has been completed and the Blockchain Mainnet is up and running. The Tectum web wallet is completed and is fully running and SoftNote minting has begun. It's now listed on DEXs and CEXs and they have strategic partnerships. They are looking forward to having NFT Marketplace, Cross-chain integration, Solana SoftNotes, Dogecoin SoftNotes, XRP SoftNotes, etc.
**Summary**
CrispMind Technologies is a game changer and they are a threat to the current blockchains which are slow and very expensive when transacting. They created the Tectum blockchain which has a TPS of 1.38 million and it is anonymous and has zero fees. SoftNote Ordinals will sort the current problems being faced by Traditional Ordinals and there are higher chances that Tectum will be on top of the game and will reign.
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Resources
https://tectum.gitbook.io/tectum-blockchain-and-softnote-whitepaper/
https://docs.google.com/spreadsheets/d/18Fk3EBkhPgWM1hpMxHiEi7ekIBjkjwOLJDQwTcvKnPA/edit
https://wallet.softnote.com/wallet
https://www.facebook.com/Tectum.io/
https://twitter.com/tectumsocial
https://www.tectum.io/
https://www.instagram.com/tectum_softnote/
https://tectum.io/roadmap-2/
https://www.youtube.com/@Tectum_the_fastest_blockchain/videos
Don’t be lonely in a world full of people.
Its hard to find genuine people these days ,we are surrounded by people but we are lonely.This is because everyone is busy living a lie, how can you expect people to help you when your are pretending as if everything is ?.How do you expect to find a decent relationship when you are carrying yourself as a slay queen?
Identity is one thing that we are not confident about these days.We don’t want people to know where we came from because we are afraid of rejection .Everyone wants to be modern , everyone wants to be popular and rich so that people will like them.If you pretend to be rich you will meet genuinely rich people and you will make your life a living hell trying to reach their standards .You will never feel comfortable with them because you are poor and you never experienced what they did.
Save yourself all the drama and be real with yourself ,hang out with people who understand your problems because they are in the same world with you.
DONT BE LONELY IN A WORLD FULL OF CARING PEOPLE
Crypto Adoption and Market Corrections
Crypto Market is like a Zion train that never stops but goes round to make sure it gets everyone onboard. When Bitcoin was first introduced in 2008
Not everyone understood what it was, some thought it was just a scam. As time went on some people understood what it was and they liked the concept of sending it across the border in seconds without 3rd parties involved. So some started abusing it by scamming people in Ponzi schemes using Bitcoin. Up to now some people even think that Bitcoin is an investment scheme, but well it's just an asset that represents money used in making payments.
Today we have about 4% of the total population who are using cryptocurrency. So we can see that people are adopting Crypto Bit by bit and soon we will have more than 50%. Many big players in the Cryptoverse play a big role in letting people know about Crypto. Crypto.com is doing a great job, it got into a deal with Staples center and renamed it to Crypto.com, its sponsoring Formula1, it sponsors UFC, it had the chance to showcase at the Superbowl, and now its sponsors FIFA World Cup, etc. So with this so much work happening there is no doubt that by 2030 we will have 50% in Crypto.
**Market Corrections**
Crypto markets always go up and down because that's their nature. When we are on a bullish streak everyone will be thrilled and they think that the
Markets are forever going up. When we get into a bearish streak they start frowning and saying "*the market is crashing, I don't think it will rise again*". When markets go down a lot would be happening behind the scene, remember Cryptocurrencies are like shares or any other digital asset on the Market. People will buy low with the intention of selling high so that they make some profit, so when you see that just know that people are taking profits and stop asking questions like why is the price going down.
In all Financial Markets, there is correction, if the price goes up it creates Higher Highs, Higher Lows, Lower Highs, and Lower Lows or it can create a void and later correct it. So when you see a sharp increase in the price without any retracement, you should know that a correction is imminent. So such things happen in Crypto and you should not worry when you see those. That is why it is always advised to use money which you dowanna use in a short space of time.
I mentioned that the Crypto market is like a Zion train which makes sure that everyone is on board. People are adopting but they are not dumb to the
extent of buying When prices are at the very top. Newbies who lack Economics basics or financial literacy make that mistake but some are clever enough to wait for the price to go down and embark when it's down. That is why there is an accumulation phase in the markets, investors will be opening positions creating demand, and boom the price shoots up. There is a saying which says, **"Do not try to catch a knife when it's still falling because you might get hurt, but wait for it to hit the ground then pick it up"**. You do not want to buy when everyone is selling, wait for sellers to shake off then buy.
**Conclusion**
Corrections are necessary because they let new players into the market and therefore the number of adopters will keep on rising. Always know when to buy and make sure to invest spare money so that you don't always keep your eyes on the daily market moves. Always make sure that mistakes happen because we are humans but do not let your emotions determine your next move. The market preys on the impatient, the emotional, and the weak.
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Where Money goes, Money will always Follow
**"You need money to make money"**, A lot of people fail to understand that money will always follow where money has gone and they fail to understand the simple principles of Investing and Trading. There is a saying which always kept me strong and confident when it comes to investing, **"You might lose $1 million because you wanted to save $100"**. The sense there is, today you might find a low market cap token with so much potential and you hesitate to invest $100 because you are scared of losing your $100. Let's say you managed to safe-keep your $100 and in about 2 years the token you were hesitant to invest in skyrockets and you realized that maybe if you had invested that $100 it could have been $1 million.
It's necessary to take well-calculated risks after you have done a lot of research. In every business as long you invest, it's a risk and the chances are 50/50 so just risk what you are comfortable losing. Let's say you are scared to invest in Crypto and digital assets and you chose to invest in supplying fruits and veggies, remember these are perishables and if they perish you lose money. So in every business, there is a risk of losing money but if we are scared of risks we will never be the millionaires that we wanna be. If you see millionaires who are investing in Crypto and tech shares, they focus on growing their portfolios by maybe 25% per annum. Let's say they invested $10 billion in the Market and if the Market moves 15% in their favor that will be $1.5 Billion and they are out, but as for you if you invest $100 you will be forced to wait for the market to give you a 100% return and mostly in the process you get hurt.
**Account Leveraging**
Leveraging can be helpful to traders with small capital as it let you hold large trading positions with little deposit and higher leverage. So just a small movement will make you a fortune if you trade with higher leverage and in a small matter of time, you will be making money. One thing you should remember about leverage is **it's a double-edged sword,** you can also lose a lot in a short space of time, so approach the markets with caution. Just like alcohol it's not bad but how you drink and what you do when you are drunk matters most, so the leverage it's not bad but if you over leverage you will face the consequences.
The other thing to take note of when taking risks in investing is just to make sure you understand well how the market operates. If you are a Crypto trader know how Crypto moves and operates and if you are a CFD trader make sure you understand how it moves and the risks involved. Most traders lose money because they do not want to specialize, they just trade whatever they see on the market. Ofcourse the concept is similar but the approach is totally different. let's say you are a Crypto investor and you focus mainly on buying and holding for the long term it's a risk-taking signal from someone who day trades Crypto because he is just in for hours and you are in for months or years.
Last but not least, the market is here to stay so do not chase trades. Take baby steps and know all the basics you should know and focus on organic growth. If you try to double your account in hours per day you might lose it. Always make a plan and trade that plan without compromising.
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Can Cryptocurrencies be heavily affected by Economical Matters?
Generally, people from well-developed countries with well-functional economies have a tendency of keeping their life savings in the banks and then some take those savings and invest them in shares like APPL, MSFT, FB, etc, or trade CFDs. Most of them will invest in technological shares because they know that most of the time they are bullish due to technological advancements that happen regularly. Then when they reach the retirement age they will know that they have a starting point in life. In 2003 another trading and investment opportunity came to life, **"Cryptocurrencies"**.
**The Birth of Cryptocurrencies**
Bitcoin was created in 2008 by Satoshi Nakamoto and it is the GodFather of Cryptocurrencies even up today the market tends to follow the Bitcoin Pattern. Some might say that Bitcoin does not influence the flow of the Global Crypto Market Cap, but I am sure we all see that if BTC moves it shakes the Markets. Today if you are to mention the word cryptocurrency to someone new, they will ask you if you mean Bitcoin. Even I used to think that Bitcoin is a cryptocurrency but I later realized that Bitcoin is a digital asset classified under cryptocurrencies and it just holds the main headline in the crypto-verse.
**Cryptocurrency Adoption**
The above picture shows the history of total global cryptocurrency market capitalization and this symbolizes the rate of adoption. In January 2014 the Global Market Cap was just $10 Billion and in 2021 the Global Market Cap clocked $3 Trillion imagine how it just grew in just 7 years and just ask yourself where it's going to be in 2030. People are now adopting Cryptocurrency as a Digital Asset, mode of payment, smart contracts, and a lot which has now forced Financial Institutions that previously banned crypto but now calling for crypto to be regulated. By doing this they are now admitting that cryptocurrencies are here to stay and those who had doubts are now seeing a green light and it's getting adopted.
**Effect of Economical Matters in relation to Cryptocurrencies**
As we know the World Leaders tried hard to fight Cryptocurrencies and most of the time whenever they did so we would see a retract in the market and we would believe they control it in such a way. Actually, no matter how hard they tried they can never shut it down because it is decentralized and that is why they fight it. Now that they are forcing Centralized exchanges to be regulated they know somehow have an impact on the crypto markets movements. Now you will find that when the Federal Reserve System (FED) is releasing the Interest Rate decisions (IRD) data it also affects the Crypto Markets. To prove this, when IRD is being released the S&P500, US30 and US100 will respond and today if you are to check the Charts on these they will be moving in correspondence to crypto markets.
The above chart shows the performance of the S&P500 and it looks like it's now rebounding. In November 2021 the S&P500 started falling and it just hit the ground running on 24 June 2022 it just closed its week with a bullish candle. The fall in S&P500 I guess was in response to the Ukraine and Russia war. in February when Russia fully invaded Ukraine we saw that the market continued to fall. Below I will let you see the performance of Bitcoin in that same period.
In November 2021 Bitcoin started falling and it's now sitting at the 200 simple moving average just like S&P500 it looks like it's also rebounding. Just by looking at the H4 and D1, I can project that the price is likely to retrace to $25000. So as the Crypto Market is growing and it is now among the most liquid assets in the Financial Markets, it is now part and parcel of whatever happens in the financial circles because it's always growing big and being adopted by many. Not everyone can open a bank account and enjoy the services freely but in Crypto markets, everyone can own a crypto wallet and crypto-assets. Things like Interest Rates Decision and Inflation now plays a major role.
Some might not understand how inflation plays a role in Cryptocurrency operations, remember on Crypto it's always advised to use money that you do not want to use like tomorrow because its a risk investing. So people have to use spare money, but if we look at the current economy we can see that most people are working just to pay bills and put food on the table and have no money to spare or save. That will obviously slow down the crypto adoption, people want the idea but I guess they do not have enough to sacrifice due to economic problems beyond their control.
If we look at the tech stocks we will see that they are also affected but the economic operations. If today there is a new iPhone being released you will only use the spare money to go and buy, no normal person will use his rental money to buy luxurious goods. If you see the tech stocks go up then it's a sign that the economy is now performing better and that also means people have some money to put in the Cryptocurrency investments, so the Economical policies will forever impact the cryptocurrencies.
**Earning Residual Income**
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Trade every day 24/7 even Saturday & Sunday, So make a smart move and **register now** for Demo or real whichever works for you https://track.deriv.com/_L3Ub6MxyGr0ad7NeR55Oi2Nd7ZgqdRLk/1/
My favorite is V75 and Step Index it has the same volatility as Gold and NASDAQ
External Integrations are now live on HiFi Gaming Society and Gamers can now P2E on Steam and PSN
Most play 2 earn platforms are just focused on creating a game and have players play, compete and earn. Not everyone plays that game because they love it but they just doing it for money. So it's like you are working to get paid. As for **HiFi Gaming Society** I would say it's in 2, *it serves those who want to play and earn a living and it also serves those who enjoy playing games and they get a bonus for doing what they love*. They have a variety of about 50 games in their library to make sure there is every game type for everyone. If you think they are done then you have to keep watch, their aim is not to have a few mini-games for players. They want to make sure they got all gamers from all gaming networks in one place and to make that happen, they opened up 3rd part integrations and now gamers can just sync their gaming accounts on **HiFi Gaming Society** and continue playing on their game platform. https://beta.hifigamingsociety.org/
**3rd Party Integrations**
This is a huge milestone and the **HiFi Gaming Society** seems to be eyeing to be the best gaming platform in the crypto-verse. On 06-05-22 they shared part of their newly updated roadmap. https://beta.hifigamingsociety.org/
As we can see it's said that in Q2 2022 they will open up Guilds and Scholar System, External Integrations Integrations, Mission pack sales, and Automated competitions. Guilds went live and On 20 June they announced that their 3rd party integrations are **live** on their platform and players are now playing Steam games like *CS.GO, Arcade Pinball, Dota 2, PUBG, Team Fortress 2*, *Fall Out 4,* etc, and getting paid in HiFi. Each day a gamer will have 5 different missions to complete and earns 1 merit whenever he finishes a mission. A total of 5 merits can be earned each day so you just chose the missions you want to complete from any game of your choice. https://beta.hifigamingsociety.org/
Currently, the Mission Packs are free and every gamer can freely enjoy those after the integrations are perfect that is when they will start selling mission packs and each pack will have different missions and rewards. Things are just getting started and in Q3 2022, it will be another groundbreaking with 3D party game developer, and with no doubt, this will be the greatest gaming hub ever.
**Gamers** - There are more than 30 million gamers on steam and Playstation networks, so HiFi is targeting millions of gamers and if you look closely you can see the potential it has. We have a lot of gamers who spent most of their time playing and competing online, so imagine doing what you always do daily and you get something for that. it's gonna be the best platform for them because they are gonna be paid for what they enjoy doing.
**Investors** - This is gonna be the most lucrative investment they will ever find. You can imagine the number of cooperations they are gonna have and the number of gamers they are attracting is huge. Also considering that this is a low market cap, the amount of work they are putting in to make this the Home of Gaming is extraordinary and this Gaming Platform is going to be mind-blowing.
**The Future of HiFi**
If you are a gamer or an investor on the HiFi platform then you are on the right path because they are focus oriented. Other platforms only care about creating something with an intention of pumping it to cash out very fast and dump the project but HiFi is well focused on organic growth and working according to plan. Whilst others are worried about the current bearish Market, the HiFi is busy building and sooner or later they are going to emerge stronger and squash the competition.
**HiFi Sustainability**
A lot might wonder if HiFi will sustain long enough in the market if a lot of gamers come onboard. They have a lot to offer to make sure they last longer than we expect e.g out of 300 000 000 HiFi to be mined only 81 million have been mined. On their list of revenue streams, They are going to have a lot of HiFi spending opportunities to reward gamers and sustain the project such as revenue from external streams, buybacks, mission pack sales, gaming data, etc. Check out more info in their **Telegram Group** and **Medium article**. https://t.me/HiFiGamingSocietyPlatform https://hifigamingsociety.medium.com/earn-hifi-with-3rd-party-games-f0734dd39d1e
**Conclusion**
Successful investors take their time in doing detailed research so that when they invest, they will know what they are getting into. Remember investing is not a sprint race, but a marathon. You can not invest in a project today and expect it to go 1000x in a few days because *real projects are built upon* **product development, organic growth, and sustainability**. Imagine asking Usain Bolt to run and win a marathon race, surely he will fail. Instead of focusing on current market conditions to determine the survival of the project, better put your focus on product development because that's the only key to survival and that is what HiFi is doing.
**Earning Residual Income**
Earn **AMPL & Statera** on **Publish0x** for reading and writing articles, and also earn **Bitcoin Cash** for writing articles on **read.cash** https://www.publish0x.com/?a=BDbD9wAKdl https://read.cash/r/drmudpro
If you are a Trader interested in trading Currencies, Gold, Nasdaq, Volatility Indices and Crypto Currencies with small margins Create **Deriv** account today, deposit, and withdraw even without full account verification. https://track.deriv.com/_L3Ub6MxyGr0ad7NeR55Oi2Nd7ZgqdRLk/1/
**📉Volatility 75**
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**📉 Cryptocurrency,** you can **register here****.** https://track.deriv.com/_L3Ub6MxyGr0ad7NeR55Oi2Nd7ZgqdRLk/1/
1-easy deposits /withdrawal Minimum amount of $10
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Trade every day 24/7 even Saturday & Sunday, So make a smart move and **register now** for Demo or real whichever works for you https://track.deriv.com/_L3Ub6MxyGr0ad7NeR55Oi2Nd7ZgqdRLk/1/
My favorite is V75 and Step Index it has the same volatility as Gold and NASDAQ
A Successful Trader's Journey - Chapter 1
A lot of brokers suggest that their clients start trading with a minimum capital of $100 or $250. However, there are some other brokers which have a minimum deposit of $10 which means with $10 you can start your journey right. One thing we should know is, that having money in your trading account doesn't make you a trader. So even if you have $1000 you can blow it up and you will be surprised to see someone with a $20 account making a living out of that. Remember a baby does not start by walking, so for you to be a successful trader you have to take baby steps.
Knowledge
Finding Yourself
Start Small
**Acquiring Knowledge**
These days if you go and play videos on youtube, you will see some popups about trading Cryptocurrencies, Forex or Binary and when they do so they only tell you what you need to know. They will tell you things like, you can make $100 a day by trading and you will think that it is very simple. As you jump in and make your deposit and start trading, you will make some errors and you end up trading with emotions because you did not take some time to know what it trading? what is a pip? and things like support and resistance or supply and demand. Instead of acquiring knowledge, you make the mistake of trading without adequate knowledge. First, invest in learning and know what every trader has to know so that when you get into the markets you will know how to handle each and every situation professionally.
**Finding Yourself**
Finding yourself when it comes to trading is really important. You might know how but in Trading there are swing traders, Day traders, scalpers, etc. So you have to find yourself by discovering in which category you fit. Normally this is determined by how you trade, e.g if you are not a full-time trader doing another job you might choose to be a swing trader. If you are always available when markets are open you might be a day trader or if you like riding all the waves you might be a scalper. Emotions will also determine where you should be, and you will discover them during the learning and practice process.
**Start Small**
I always like starting small but with a bigger picture. There is no holy grail in Trading and a big trading deposit doesn't mean you will make it. The first thing is to start small and work on consistency. When you get used to winning then you shift your daily targets a bit and follow your daily trading plan with a bigger picture in mind. A small trading account if managed well will be surprised to see it being a 4-figure account in 4 to 5 months.
**Conclusion**
In my next article, I will talk more about how you can start with a small amount like $20 until your trading account is big enough to handle large positions. You will never learn all in a few days, but just make sure you make each and every day a learning day until your bank account speaks for you.
**Earning Residual Income**
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If you are a Trader interested in trading Currencies, Gold, Nasdaq, and Crypto Currencies with small margins on **Exness** register **here****.** https://one.exnesslink.com/a/thp6hhp6
Create **Deriv** account today, deposit, and withdraw even without full account verification. https://track.deriv.com/_L3Ub6MxyGr0ad7NeR55Oi2Nd7ZgqdRLk/1/
**📉Volatility 75**
**📈Boom and crash**
**📉 Cryptocurrency,** you can **register here****.** https://track.deriv.com/_L3Ub6MxyGr0ad7NeR55Oi2Nd7ZgqdRLk/1/
1-easy deposits /withdrawal Minimum amount of $10
2-it offers Dp2p meaning you can transfer between two accounts
3-Allows you to have two accounts for CDF and Volatility Indices and the list is endless.
Trade every day 24/7 even Saturday & Sunday, So make a smart move and **register now** for Demo or real whichever works for you https://track.deriv.com/_L3Ub6MxyGr0ad7NeR55Oi2Nd7ZgqdRLk/1/
My favorite is V75 and Step Index it has the same volatility as Gold and NASDAQ
Losing your hard-earned money by Trading Noise
About 90% of traders who trade Cryptocurrencies, Forex, Indices, Stocks, etc, do not make it to the finish line as they all lose their hard-earned money and only 10% enjoy the profits. I know this might sound like a myth, but if you care to check the day to day trading cycle of traders you will be surprised to see that a trader can make a deposit today and make some profits for about 3 to 5 days and on the 6th boom its ll gone. Some will be brave enough to maintain their trading account for as long as 3 months, but just a simple mistake will wipe it all.
**Trading Volatility**
Volatility is what we all crave in the market because that is where all the money lies. Volatility is the fuel in the Markets and
If there is no volatility then there is nothing to trade because the Market will forever range or move in a zig-zag. So we can say that it is a tool for making milking the markets but however, it is a tool that can also be used against us by the Large Institutions through extended spikes and whiplashes. So to be a good trader just find lucrative zones where volatility is likely to emanate from and make sure it won't go against you.
**Trading News**
Hahaha, this is the worst nightmare for most traders and it can make you poorer in just a short time or rich if you are fortunate enough. I used to think that there is a quick buck in trading news until I realized that I always blew what I build in days with just 1 or 2 spikes. Then I shifted my focus and focused on cryptocurrencies and I was investing provided that there is positive news or just hype, but I came to realize that I was just jumping on the same bandwagon as I lost a lot.
As a trader you should know that news is just a summary of what has happened in a certain period, so the release of data causes uncertainty in the market in the market. Mostly during that uncertainty period that is when most traders lose money because their emotions will toy. Then there is some news data that is not stale data, but it will be current and has an impact e.g data related to pandemics or any data related to natural disasters. Uncontaminated data is just a pure catalyst and can be relied upon to some extent, then there is data related to politics, that can not be really relied upon because there might be foul play or inside info at play.
In Cryptocurrencies, you might be prey if you listen to all the news here. Remember if you are selling you should be convincing enough and that is when news and promises come into play. The problem you won't be able to tell which news is appropriate so that's why it's always advised to Do Proper Research before you believe and act on whatever you hear or see.
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If you are a Trader interested in trading Currencies, Metals, Indices, and Crypto Currencies with small margins on **Exness** register **here****.** You can also trade cryptocurrencies 24/7 and the most liquid assets **"volatility indices"** with low spreads on **Deriv,** you can **register here****.** https://one.exnesslink.com/a/thp6hhp6 https://track.deriv.me/_L3Ub6MxyGr0mQ4C5rg-KqWNd7ZgqdRLk/1/
Terra Luna will not rise from the dead like Lazarus did
Terra Luna had found itself a nice sweet spot among some prominent blockchains before but now it has drowned in the red sea and it's likely it will not come back from this. Most major Cryptocurrencies departed from the all-time highs 6 months ago but just a month ago Terra set its all-time high of $119 and this proves that it was getting stronger each and every day. Of course, what goes up must come down but what happened to Terra shoe that there was too much violence and it was severely brutalized and just some minutes ago it fell and has set an all-time low of $0.00003644.
When investors are taking off their profits from the table they sell their volatile coins and buy stable coins since they are stable in value and pegged at $1. Terra had its own stable coin called TerraUSD (UST) and it's so sad it was involved in this horrific turmoil.
**Possible Reasons for Luna Crash**
On 9 May t was reported that Luna had emptied their BTC reserve wallet and at the moment the TerraUST was trading at 0.95 and Luna was now 32% down. This move triggered the emotions of traders and investors all of a sudden the TerraUST fell hard and was now trading at around $0.5. When the market is bearish investors find refuge in Stable coins, but imagine you are in a crisis and you are expecting someone to save you and you see that person struggling with his own troubles obvious you will be hopeless. This is exactly what happened w TerraUST, investors were supposed to find refuge there but it was crushing and it left them with no option except to sell Luna. From there it stopped raining and it was now pouring into the Luna Ecosystem and Luna fell like dominoes to its current all-time low.
**Indefinite Luna Supply**
When things get out of hand we expect it to be improved with time but on LUNA it's getting worse each and every day and that is why I doubt it will ever recover from this blow. We know that too much supply will result in low demand and a drastic fall in the price. If you check **terrasco** you will see that the LUNA supply is always increasing and it's now sitting at 6,907,376,873,996, more like a meme token, and tomorrow we will have a new big figure. https://terrasco.pe/mainnet/luna/supply
It's now an inflationary token and in about 3 days it increased from 728 million to 6.9 trillion, everyone is just selling what they have and I think everyone who is holding LUNA saw his/her portfolio going to dust, and it's now just a worthless pennies in their wallets. The LUNA developers shut down their blockchain after validators agreed on that decision. Then Crypto.com suspended the trading of LUNA and any tokens operation in the LUNA ecosystem. Even if it happens that it's back online, they will lose a lot of investors because now people have lost faith in it because so much happened in a short space of time.
**Earning Residual Income**
**Earn AMPL & Statera on** **Publish0x** **for reading and writing articles, and also earn Bitcoin Cash for writing articles on** **read.cash** https://www.publish0x.com/?a=BDbD9wAKdl https://read.cash/r/drmudpro
If you are a Trader interested in trading Currencies, Metals, Indices, and Crypto Currencies with small margins on **Exness** register **here****.** https://one.exnesslink.com/a/thp6hhp6
Will Crypto Portfolios survive this Winter or they are going to Dust?
When I invested in my Crypto assets last year in August I told myself that I will not sell any of my assets before 5 or 10 years lapse because I knew there was going to be a Crypto winter soon. What I wasn't sure about is when it would come that's why I made a 5-year investment but was surprised when I saw my portfolio bleeding. It came faster than I anticipated but it will come to pass and I just have to hold tight and let the market do its work.
Since I am a part-time Forex trader today I just thought of checking how other currencies were performing the US Dollar was super bullish and other currencies were heading to the west. Then decided to check how APPL, Netflix and Tesla, and other Tech Indices like US30 and US100 were performing and it was just a bloodbath.
See how Bitcoin is performing, it's falling like dominos, and it's still going down. It has reached the first support level and I am expecting it to continue to fall until it finds support on the trendline and support at $24000 then we see how it performs from there. I am expecting it to bounce back to that level but no one knows how the market is gonna make its next move. We just expect the worst but we are just praying for the best so let's keep our fingers crossed.
From what I am seeing I think the whole Crypto Market is gonna keep on falling till the 2022 lapse and maybe we will just see some ups and downs. Then the next year 2023 I guess it's gonna be an accumulation year and crypto projects will be building up and developing their projects preparing for the next bull run. I do not know exactly when it will come but I just told myself I will not check my portfolio until 2024, but who knows a miracle might happen and the tables will turn in our favor.
I know a lot of investors are pissed especially newbies because they were caught off-guard. Whilst others are taking this opportunity to liquidate their positions for me I just put on my working gear and began to work. Unlike others, I did not liquidate any of my assets and I don't plan to do so, I just watch them bleed and use them to accumulate more through staking and playing games whilst waiting for the next bull run. My biggest stash is on Cronos and HiFi Gaming Society, I have to accumulate more of these before the next bull run because they are both promising juicy returns.
As long you keep on holding to your positions your losses will be temporary and you will always recover your portfolio value in the long run. If you decide to liquidate it will then go to ashes because I am sure a lot of investors are holding losses now or they are still in a small profit. So just control your emotions and accumulate more
**Earning Residual Income**
**Earn AMPL & Statera on** **Publish0x** **for reading and writing articles, and also earn Bitcoin Cash for writing articles on** **read.cash** https://www.publish0x.com/?a=BDbD9wAKdl https://read.cash/r/drmudpro
If you are a Trader interested in trading Currencies, Metals, Indices, and Crypto Currencies with small margins on **Exness** register **here****.** https://one.exnesslink.com/a/thp6hhp6
Factors that play a significant role in Cryptocurrency Investing
The Crypto Market is growing big and we are having new investors join the train each and every day. Have you ever wondered what the Crypto Market will be like in 10 - 20 years to come? Who knows maybe it will be 10 times big as it is now, so there is still time to analyze the market and see which tokens have a great future and invest if you are certain about it.
I have been in the telegram groups of investors and I have discovered that almost 90% of investors care more about price skyrocketing. They give a blind eye to product development and they always ask questions like, **when is Centralized Exchange listing? When is Marketing? Why is the price not Pumping? Why is Price dumping? When are you burning Tokens?** They ask a lot so today I decided to answer some of their questions and I hope they will learn a few things.
**When is Centralized Exchange Listing?**
This is the most question asked by investors and no matter how hard you are working on the product to make it the best among other they will always ask this question. Being listed on Big Centralized Exchange like Binance, Coinbase or Crypto.com is great but if the project has no tangible product and use-case that token will just be pumped, dumped, and buried 6 feet under. Focus on Product development because that is the key to the success of that token. I have an example of **HiFi Gaming Society** updated Roadmap, check it out: https://hifigamingsociety.com/
If you look closely you will see that this roadmap is lit and is a promising firework. They have been delivering and walking the talk considering that they are just 11 months old and they have covered so much groundwork. This token is listed on Decentralized exchanges only and not on Centralized Exchanges and they have always remained focused on creating the best gaming platform ever. Some gaming platforms are just selling ideas only and some 1 game only but this has so many games and they are not yet done building. On their roadmap, you will see that the Q2 and Q3 are going to be mind-blowing and will bring in the definition of HiFi. I invested so much in HiFi and I do not care about the Centralized Exchange Listing yet but their effort and progress are being made on creating a solid product that will sell like hotcakes.
**When is Marketing?**
If you start marketing an idea there are chances that the idea might be pumped and dumped if the product is just sound and not solid. Ofcourse, marketing is essential but do not forget that if the timing is poor then a lot of resources will be wasted in trying to market an idea only. So before marketing starts, a product should be in the making, and when it's already started or almost done then marketing starts so that the momentum will hold. Investors will always have faith in something that they see is already in development and no matter how long it delays they will always have faith and be willing to wait until marketing kicks off.
**Why the Price is Pumping or Dumping?**
Hahaha, this is the funniest question I always come across and you just wonder what is it with these people. People get excited when they see the price going up and when they see the price going down they will panic and ask *"Why is the price dumping SIR".* Well if the price is pumping it simply means people are buying and there is demand so the price will go up and when you see it sell then you should know that people are selling and taking their profits off the table. There are some cases where you will see the price falling and it might be because the roadmap is poor and no progress is being made and investors decide to dump the project.
**When are you burning Tokens?**
Yeah, I don't deny the fact that token burning matters most in the cryptocurrency investment decision. Too much supply will limit the price skyrocketing of a token because there is too much supply which means the demand will be low and the price will fall. So token burning will do magic in reducing the supply, but if the product is just sound then the burning will not do much. There are a lot of cryptocurrencies that have a supply of less than 1000 but you might see them falling like crazy because the use-case of that token will be close to nothing or zero.
**Conclusion**
After all the analysis I have come to realize that the product/use-case is the key and this will determine the future of cryptocurrency. I have some tokens that I invested in because they have a supply of 500 000 and now that investment is less than $1, I have lost so much money in those and I learned the hard way, now I focus on the solid project or sound project.
**Follow my Links for more of these articles and earn AMPL & Statera on** **Publish0x** **for reading and writing articles, also earn Bitcoin Cash for writing articles on** **read.cash**
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The Scope of Investing in Crypto Yield Farming
I always say that it's all about timing in crypto trading and investing. As the whole world is embracing cryptocurrencies and some countries are even regulating the crypto exchanges so there are higher chances of crypto booming. So it's wise to step in before it's too late because Cryptocurrencies are considered to be the best as compared to Fiat due to Freedom which is not found in the central banks.
**Are Yield Farms really necessary?**
The number of Decentralized Finance Yield Farming platforms is increasing each and every day, some are Ethereum Based and some are Binance based and a lot more chains are getting involved. Some investors might not see the importance of Yield Farming in Crypto but I believe it is essential, especially at this moment when Markets are Bearish. Investors have different perspectives and they react differently in times of Market bleeding, some will sell off their Crypto assets for Stable coins or use the money for something else but some see this as an opportunity to invest in Crypto Yield Farms and earn more.
Mostly when the Market is bleeding Yield Farms offers juicy APR rates to make sure they lure a lot of investors. I do not know about others but in my own opinion, I think it wise to Farm more so that when the price goes up you will enjoy the Bullrun with something extra earned. Some projects prefer to build a lot during these moments so as to gather a lot of momentum, so instead of hiding from the bears better do research on good projects and invest and lock your accounts letting your money work for you.
Since the market is still bearish it is wise to accumulate as many tokens as possible through yield farming. You can spend a few dollars and buy some tokens then deposit them in the liquidity pools. Right now not everyone is into Crypto but sooner or later the number will increase and I would say the Crypto train is going back to get some of our new friends to crypto. I think until 2022 ends there will be more Bullrun it will be time to work on schooling new investors, building projects, and marketing to attract new investors. I look forward to Farm a token that will just blow up like Axie did and I will be good to go. So instead of being stressed by this bear market, it is wise to Farm more tokens and wait for the market to do its duty.
**Conclusion**
Though there are high risks involved with investing so you should be careful and take your time and dig deep to find info relating to the company you are investing with so that you will not lose your money.
Making Money as a Guild and also Playing 2 Earn as a Scholar
Are you a full-time gamer or are you just a part-time gamer who enjoys playing games on your mobile phone or PC when you don't have anything to do? About 75% of people play games here and there on their mobile phones, it's rare to see someone without a single game on their phones e.g Candy Crash. If you did not know you can make money playing games on your mobile phone as a Scholar or you can manage Scholars and earn as a Guild. For the benefit of our friends who are new to Crypto or Blockchain games, I will just give a brief explanation on Guilds and Scholars.
**What is a Gaming Guild?**
It is like an Employer who employs gamers and pays them for playing games. So for the whole triangle to be complete, there should be a gaming platform, a guild, and scholars. A gaming platform will provide games where gamers will play and host competitions, then the Guild will have its scholars play games on its behalf and they split profits e.g 60:40. The Guild will be responsible for managing its Scholars and earning a portion of the money earned from playing games by its Scholars.
**What is a Scholar?**
These are the employees who get paid for playing games and participating in competitions on behalf of a certain Guild. Let's say a gamer is paid $10 for playing games for a certain period of time and if you are a scholar you will enter into an agreement with your guild and split profits e.g the guild takes 40% and the scholar gets 60%.
**What is a Gaming Platform?**
This is more like a gaming workstation or a playfield where gamers spend most of their time working. I think Philipines has most Game Scholars but the gospel is being spread around and we are expecting a lot of scholars from all over the globe in a few years Blockchain Games will be huge. Recently I have been spending more than 15 hours playing games on **HiFi Gaming Society.** I am going to use this gaming platform for my examples since I am more used to it and I understand it a bit so it will be easy to explain. https://hifigamingsociety.org/browse-games
On this platform, if you log in using your Metamask or Trust wallet you will be welcomed by the above tab and from there you will choose where you want to go. If you are a full-time earner who staked his HiFi tokens or your NFT you will just have to play 5 games for 10 minutes and you will earn daily merits. If you want to be a scholar you will have to go to the Guild section and select the Guild you want to play for so there will be a list of Guilds there you will choose from.
Unlike other Gaming platforms which have only 1 game, this Gaming Platform is a 1 size fits all which has more than 50 games to accommodate each and every gamer. It's more like a 1 stop game shop where you find all the games you need, from Retro Games, Board Games, and a lot of mind-blowing games. Its Guild functionality is going live anytime soon and I foresee a lot of Scholars flocking in to join guilds of their choice.
**How to really make money as a Scholar**
A lot of scholars are earning through playing games at Sandbox, Axie, and Splinterlands and sooner or later HiFi Gaming Society will be the next big earning platform. I do not want to sound as if I am shilling so I am going to let facts and the math do the talking here. Currently, this is what a gamer with a minimum stake is earning and currently, it's not much considering the price but do not forget we are doing this for the future, and let's get into further detail.
If you are a scholar and let's say you are sharing profits 50:50 with your Guild this means you will get your 514 HIFI and your Guild will get its 514 HIFI. Let's say the price of each HIFI is $0.05 and your share will be worth $25.7 and just imagine doing this for 30 days you will earn $771 for just playing games. No full-time job pays like this and it's nothing considering their future plans and provided that the price skyrockets. If you play and earn earning this amount for 6 months and if the price of 1 HIFI hits $0.75 your 6-month share will be worth $69 390. Whilst the price is down, those who are not visionaries will say it's not worth it, but trust me this is the right time to play hard and accumulate more so that when the price skyrockets you will be smiling.
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Crypto & Forex Investments Chronicles - Always Lose small and Win big
I always say in your Investment endeavors **"You might Lose the Fight but make sure you Win the War"** so in Crypto and Forex Trading your losses have to be smaller than your gains. Let's say you have $1000 in your trading account and you start trading and you are making losses of $100 on each day, so if it happens that you have a consecutive losing streak it means that it will take you 10 days to blow that account. Let's say you are making profits of $50 and losing $100 eventually that account will blow because your gains are way much lower than your losses.
Maybe I would say account blowing might be inevitable but at least as a good trader, you can narrow the chances of blowing the account. You have to make it impossible to blow the account by doing a few things.
Trading Your Plan
Not Losing more than you are making
**Trading Your Plan**
Um, pretty sure about 90% of Traders know that failing to plan is planning to fail, *"just to be short and precise failing to plan is the recipe for disaster"*. So for one to be a good trader you should make sure that you have a well-structured trading plan which will guide you in your daily trading routine. After a trading plan is in place the next thing will be to **"Trade your plan".** Some might not understand when I say to trade your plan but well it's simple. Let's say in your plan you are planning to enter a trader after certain conditions are met, the lot **size** you are going to use, your **take profit** and **stop loss**, and lastly **when to stop**.
****Lot Size******.** When it's Forex Trading there are Lot sizes, in Binary Options there is a stake and in Crypto, it's just an investment amount, so let's say you are planning to trade or buy a certain Crypto asset and on your trading plan you had planned to take the risk using a certain amount. Then it happens that the asset looks to be lucrative and you are being tempted to increase your investment amount, then it's a sign that you are going off the root.
****Take Profit******.** You executed your trade and you are floating in profit and obviously happy but remember don't get too excited and forget about making a profit. If your take profit is 100 pips when you reach that target just take what the markets gave you off the table and call it a day. Do not ever get tempted to keep on holding to get extra pips as long it's against what you planned to stop. I used to trade without a plan and I remember the other day I opened a position and it went to $200 profit and I closed, but instead of calling it a day I opened another trade and lost $20. Then I got frustrated and tried to recover that lost $20 and boom I lost another $60. So I learned the hard way and from there um trading my plan.
****Stop loss******.** Stoploss is tricky because there are stop hunts and whiplashes so it must be handled with care because emotions are triggered to shake off the weak traders. Before you open a trade the first thing you should know is how much you are risking then stick to that. You can either set your stop loss and let your trade run or wither you can mark your zones and close your losses manually depending on what type of trade you are.
****When to stop****. A lot of traders know when to enter but 90% do not know when to get out or close their positions. If you open a position and your target was 100 pips and when you reach that amount stop and when your loss is limited to 30 pips when you hit that amount just call it a day.
**Not Losing more than you are making**
When you are trading you just have to make sure that there is growth in your trading account by winning big and losing small. Just make sure Your profits are always greater than your losses and your cash outflows (withdrawals) are always bigger than your cash inflows (deposits). The ratio is the most important thing when trading or investing e.g if you use a ratio of 1:3 this will mean for every $1 that you are risking you are expecting a return of $3. You might lose $100 now and if you happen to win on your next trade and you win $300 it means you will cover the previous loss of -$100 and you will be left with a $200 profit.
Mistakes happen but just don't make it a habit by repeating the same error over and over because it will consume you. Always learn from your mistakes and losses and find out how they happened and take necessary measures. It's always said that about 90% of traders do not make money in Forex and Crypto trading so just make sure that odds are in your favor.
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Symbiosis - The Juggernaut of Decentralized Finance
In life do not aim to be just good but aim to be the greatest, always do what is extraordinary. If you keep it that way you will forever stay ahead of the competition and become the Greatest Of All Time. So if I was to be asked to define what is Symbiosis Finance, without wasting much time I will simply say; **Symbiosis Finance** **is the Juggernaut of Decentralized Finance**. Let us dive into more details and see why it deserves to be called the Juggernaut. https://symbiosis.finance/
**Symbiosis Finance Overview**
Symbiosis Finance is a decentralized multi-chain liquidity protocol that enables users to perform any crypto token swaps on any Ethereum Virtual Machines or Non-Ethereum Virtual Machines network with a single click whilst users remain the owners of their tokens.
Imagine before the internet was popular, people would walk into different stores to buy different things. Let us say you had to buy some plumbing equipment to fix your toilet and you also want to buy some appliances and groceries and that means you had to walk into different stores to buy those things. Later on, Amazon came in as the Juggernaut of online stores and broke that barrier and it was a one-stop-shop where customers just do their shopping online in their comfort of home. Imagine how much time is now being saved by these customers.
Now there are so many chains and networks on which tokens are built and currently, Simbiosis supports 4 networks namely BNB Chain (formerly BSC), Ethereum, Polygon, and Avalanche. Already on the testnet, they have Huobi Eco Chain (Testnet) and OEC, formerly known as OKExChain and in the near future, will support more networks like Solana and it will be a 1 size fits all.
Unlike other Decentralized Exchanges, Symbiosis Finance can swap any token from any chain to another chain. All along I have been wondering how I am going to buy some Cronos on the Crypto.org chain but could not find the solution. Decentralized Exchanges were only giving me an option to buy Cronos on ERC-20 and as for the Crypto.org chain I couldn't unless I buy on their Centralized Exchange which I can't due to restrictions in my country. With their DeFi wallet, I can only swap tokens on the same chain and no interchains but now Symbiosis simplified things. Now I can just swap a different token on another chain to another different token on a different chain. For instance, I can swap AMPL on the Ethereum chain to wrapped Cronos (wCRO) on the Polygon chain which also has low fees without hustles then I can unwrap it anytime I want.
On other Decentralized Exchanges, you can not inter-swap tokens from different chains you first have to change them to Crypto coins like ETH, BTC or BNB then swap them to your desired token. Also, note that on Symbiosis Finance the minimum you can swap on tokens is $50 but I hope in the near future they will lower it to maybe $20 or $30 just to make sure they accommodate everyone.
**This Makes Symbiosis**
**Simple, Uniswap like user experience** No additional wallets, long waiting time, or extra steps to proceed with a swap.
**Fully decentralized** No central party can stop the Symbiosis protocol or censor users from accessing it.
**Non-Custodial** No one (including the Symbiosis team) has access to users' funds.
**Limitless cross-chain liquidity** It targets as many token pairs as possible across all blockchains while providing the best prices for swaps between any arbitrary token pair.
**Interoperable** It connects every blockchain that gets enough market attention. Our ultimate goal is to bridge.
**Symbiosis Finance Token (SIS)**
They developed their own protocol token called the SIS which was built on the Ethereum network and is now also found on Arbitrum. It has a maximum supply of 100,000,000 SIS and only 9,715,000.00 SIS are in circulation currently there are 2,301 holders of SIS tokens. The lists below show the tokenomics in full detail.
The SIS token is used for 2 uses which are:
Staking to run a node in the relayers' network.
Governing the Symbiosis DAO and DAO Treasure.
**Where can I Store my SIS tokens?**
SIS can be stored in so many web wallets which include Metamask, XDEFI, and Wallet Connect amongst others, and all you have to do is install the wallet plugin and create your account. Also, take note they support 2 sets of blockchains for Mainnet and Testnet, and for testnet make sure to add Rinkeby Test Network as a network to the wallet.
**Providing Liquidity on Liquidity on Symbiosis Finance**
Symbiosis Finance is one of the best if not the leading liquidity providers which offers Juicy APR on stable coins. as compared to other liquidity providers which offer less than 10% on stable coins but on Symbiosis the lowest you can find is 74.39% and you can also find some APR as high as 202%, what else would you want. This is an opportunity you should not miss because they still have a low Total Locked volume of $3,859,940 and as TVL increases the APR rates will be reduced.
**Privacy Policies**
Symbiosis respects the privacy policies of its users therefore by collecting a few relevant data such as emails, your name, IP dress, public Blockchain address, and mac address for communication purposes to monitor interface behavior and also to improve performance on the interface. They do not collect data from people under the age of 18 so if you suspect your child provided his/her data on Symbiosis they urge you to contact them and they will delete the data from their interface. They will never ask you for your private keys and seed phrase no matter the circumstances
**Symbiosis Careers**
Currently, they are recruiting and there are 4 open positions you can apply for; **Solidity Senior Engineer, SMM Manager, Frontend Developer,** and lastly **Senior Golang Engineer**, if you have the required qualifications and are interested in the job you can drop your Curriculum Viate's on this mail address *careers@symbiosis.finance*.
Follow Symbiosis on their social media platforms so that you learn more in detail and never miss any of their updates.
**Twitter:** **https://twitter.com/symbiosis_fi**
**Telegram:** **https://t.me/symbiosis_finance**
**GitHub:** **https://github.com/symbiosis-finance**
**Discord:** **https://discord.com/invite/symbiosis**
**Blog:** **https://blog.symbiosis.finance/**
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What Impact do Crypto Gaming Guilds bring to the Gaming Tokens, Metaverse and NFTs
If you have been in the Cryptoverse for some years now I am sure you have seen that each and every category has its own time to shine. Native tokens had their time to shine and some are still then it came time for memes and it passed now its time for Metaverse, Non-Fungible Tokens, and Blockchain Gaming-based tokens. A lot of investors are now investing in NFTs because it is the future, if you had seen what happened with the ApeCoin team they just airdropped Apecoins to everyone who was holding their NFTs and people got rich because the price of Apecoin reached an all-time high of $39.40 that day and an all-time low of $1. So we can see this whole move happening in 1 day, there are no doubt investors cashed out big.
**How are Demand for Metaverse and Gaming-based tokens Created?**
Every investor cares much about How the project is going to attract new investors invest in the project and the reason they do so is that they know that with new investors, demand is created and if demand is created this will lead to an increase in price and the holders will benefit. This will leave us with another question? How is demand created? The answer is by onboarding Gaming Guilds to the Gaming platform.
**What are Gaming Guilds?**
Imagine a company that specializes in earning money by playing games. By investing in certain games, they enable hundreds or even thousands of players (scholars) to play and make money from these gaming assets. Gamers (scholars), managers and the guild treasury share the profits, allowing them to invest more and expanding their potential and the potential of the games they play.
So if Guilds are onboarded they should buy their NFTs and level them by staking tokens against their NFTs. A Guild with NFTs of higher Tier and depending on how they level their NFTs will determine the numbers of scholars they can fit onto their slots. The process of leveling up NFTs requires tokens to be staked meaning there will be a huge demand for tokens and the price will skyrocket.
**What other benefits do Guilds bring?**
Those who have some extra funds to invest in NFTs and tokens can participate as Guilds and earn. They can level up their NFTs and Lend them out, Sell to other gamers or they can give scholars play for them. If you can not afford to be a Guild do not worry you can apply and become a scholar then Free Play and Earn. You can just earn games for playing for free and get paid by your Guild according to the percentages you agreed on.
**How to access Gaming platforms and Guilds?**
You might not know where to start when looking for guilds and gaming platforms, but well it has been made simple. There is a website called **League of Guilds** and on this, you will see a list of Guilds you can join ranked by Market Capitalization and also a list of gaming platforms you can choose. They are a Guild Alliance and they have information about games, guilds, and others to share with users and still upgrading. https://log.games/#/
Currently, on this website, they have 79 Guilds listed and 1021 Games listed and it's still growing by adding new guilds and games so that a gamer will have a variety to choose from. So if you are a Guild looking for scholars then this is where you should get listed and if you are a scholar then this website is yours.
These days people are earning a living through playing games on **Axie Infinity****,** **Sandbox****,** and **Decentraland**, and now the tokens for these games are expensive. You can also check out **HiFi Gaming Society** it's a low market Cap gaming platform with so much potential. They are upgrading and are going to onboard Guilds in the coming weeks and I guess it's an opportunity every gamer should not miss since their tokens are still low. https://axieinfinity.com/ https://www.sandbox.game/en/ https://decentraland.org/ https://hifigamingsociety.org/stake-rewards
**Follow my Links for more of these articles and earn AMPL & Statera on** **Publish0x** **for reading and writing articles, also earn Bitcoin Cash for writing articles on** **Read.cash** https://www.publish0x.com/?a=BDbD9wAKdl https://read.cash/r/drmudpro
My Crypto Earnings for March
I enjoy blogging but it happens to be time-consuming, especially this month I was busy and I could not manage to write a lot like I used to do. So my Crypto earning report is going to be just short and precise.
****Publish0x****
This month's publish has low earnings and I managed to get **$6.93** only for the whole month since I did not write more articles. I have 17709 views and I am happy that my subscribers increased by 63 it's a great achievement. This coming month I am expecting an increase in my subscribers and in an increase in the number of articles posted.
****Read Cash****
I enjoy how I get rewarded on read cash because they use a random rewarder and you will find out that an article that you previously posted on publish0x and got $0.3 cents you can repost it on read cash and get a fair amount. This March I did not manage to write a lot because I was occupied with something so I managed to write only 10 articles and I got$**13.47** in the Month of March. The above screenshot is from 1 of my best-performing articles which got more tips in just a day.
**Total Blogging = $20.4**
**Metaverse and Gaming**
I have to admit, I love playing games because most of the time I am glued to my screen so gaming is all that I do. The good part is I am now getting paid to play games. I staked my HiFi tokens on **HiFi Gaming Society** and I just get paid for playing for 50 min. This month was a good month, it was a busy month I was occupied by something else but I managed to play my games daily. On average I was earning 1528 HiFi per day which is around $2.40 per day and overall for the month of March, I got 45 86 HiFi. In these coming weeks, they are going to open NFT utility and earnings based on NFTs so I hope I am going to get my NFT and maximize my gaming earnings. https://hifigamingsociety.org/browse-games
**Total Gaming Rewards = 45 868.513 HiFi equivalent to $73.**
****Cronos Staking****
On Cronos, I have 1005CRO in staking with **Community-Driven** being the Validator on **Crypto.com DeFi Wallet** and I am earning 12.10% per annum. Per day I earn around 0.335 CRO and in 30 days I earn 10CRO which is a good yield. Now it may seem like it's too little but remember we are investing for the future so someday that 10 CRO Per month will be worth a fortune. I hope to increase my stake in Cronos so that I accumulate more before the price gets to the top of the Market. https://crypto.org/explorer/validator/crocncl1n898aw37m862gkrtpvmf7lfzzvjuc7fn57vmu9
**Total Staking = 10.104 Cronos = $4.85**
**Total earnings for March amounted to $98.25**
**Also, Follow my Links for more of these articles and earn Bitcoin Cash for writing articles on** **Read.cash** https://read.cash/r/drmudpro
**You can also earn some Jump Tokens for sharing your Internet connections using** **Honey Gain****.** https://r.honeygain.me/DEFIA1EA2D
Crypto.com has been announced as the Sponsor of the FIFA World Cup in Qatar 2022
It has been 7 years now since I started knowing and investing in Cryptocurrencies and I have seen a lot of altcoins come and go. I remember when I first heard about the Binance BNB coin from a friend whilst it was still going for a few cents, I never thought that it will be this big. Later on, I was surprised when it got itself a position in the top 5 and now it is amongst the most used chain networks. Then I got to know about Crypto.com now Cronos through Publish0x and seeing its potential I just jumped in and bought 1005 tokens and I staked them.
The reason I invested in Cronos is I saw a huge potential in it and wherever I go I would see their adverts and I told myself that I should not miss this opportunity as I did with Binance BNB. Considering how they do their Marketing I believe Cronos has taken Cryptocurrency adoption to another level. You find them everywhere now they seem to have a stronghold in the sports field. They are now into football teams, Formula1 car racing, MMAFighting and they signed the naming rights deal with Staples recently they become a sponsor of the FIFA World Cup Qatar 2022.
It seems like they always get their selves in big events because we all know that everyone loves soccer and this will bring a big impact to the Cronos token. It's proving to be more than just a cryptocurrency and by end of this year, I hope to see it much closer to the top 10 rankings. People would start to wonder what Cronos is and their client base will expand and they will definitely fulfill their target of hitting 100 million users.
**How will this affect the Cronos chart?**
If the userbase for Cronos expands and is heavily adopted it means that there will be higher demand and the price will be super bullish. Cronos has an all-time high market capitalization of $22.75 Billion and currently is sitting at $12 Billion. If it happens that during the Worldcup their userbase doubles or increase by 50% and this will fast track their Cronos burning and will insanely drive the Market Capitalization to above $30 Billion and I am sure by then it will be ranked number amongst the top 13 and once it gets there it will again draw the attention of other investors. I think the reason Binance is not listing Cronos on their Exchange its because Cronos has more capabilities and it's a huge threat to BNB and is afraid of stiff competition surely 1 day Cronos will be in the top 3
The Cronos daily chart above looks healthy and it's like it's about to ride on top of the bulls again. The price of Cronos has been trading above the green lower trendline and has just broken out of the black trendline and it has been stopped at $0.5 where there is a resistance. If it breaks out of this trendline we will be hoping to see it take a little rest at $0.7 and gather some strength there to break out.
I am sure by the time of the world cup the price will be trading around $0.8 - $0.9 and if it is well adapted and the userbase increase then we expect it to hit another new all-time high trading may be between $1 - $1.15. So considering all their efforts in marketing their brand I can see they are doing this with a bigger picture in mind and I am just going to keep on adding some Cronos to my Bag.
**Follow my Links for more of these articles and earn AMPL & Statera on** **Publish0x** **for reading and writing articles, also earn Bitcoin Cash for writing articles on** **Read.cash** https://www.publish0x.com/?a=BDbD9wAKdl https://read.cash/r/drmudpro
Portfolio Diversification - Investing and Spreading the Risk in case of Disaster
As an investor, "**the pain of losing part of your investment is inevitable but suffering is optional"**. Mostly when a financial disaster hits you it does not give you a hint it just strikes you, if you are lucky you might foresee the events and take heed. A lot of investors take huge blows and suffer the aftermath and they will start regretting some of the things they were reluctant to do. So as an investor, you have to be vigilant and take all the necessary steps to protect your portfolio. So you can't run away from losing when you are an investor but at least try and cut small that loss or walk away with small profits.
**Forex and Crypto losing Losing Strategies for Retail Traders.**
In gambling they always say "the house always wins", they know very well that no matter how hard you play they will always win. You might win today but tomorrow you will lose more than you won the previous day. In the Forex and Stock Market when Investment Banks see that the market is about to crush they make sure that they create Indices and rate them e.g AAA, AAB ABB and these will be priced differently and the investors will invest their money and when the Crisis hits the banks will be safe and the investors will suffer.
Then in the Forex Market, they always make sure the odds are in their favor, you might win the fight but they will always win the war. They are equipped with Trailing Stop Losses and Stops losses to make sure they rip something from you before they go their true direction. Let's say the Market is supposed to buy today, they might go down for 40 pips then retrace and maybe go 20 pips above the opening price and they are done for that day. They first hit the stop losses in the 40pip range and go up a bit so they will always have a winning edge.
In Crypto Trading they make use of Hyping and made you think that the project is going 1000x and they walk away with the money. In Crypto, not everything that glitters is Gold, as for me if I see a crypto asset being hyped too much I always stay away and that is the reason I didn't buy Shiba Inu because there was too much Hype. If you are that investor who is driven by too much Hype be careful, you might let go of your BNB, ETH, or another other precious crypto asset and buy a useless token expecting to be rich.
**Taking Advantage of Safe Havens**
In Cryptocurrency and Forex trading there is always a shield we can use to safeguard in times of crisis. We can use these to safeguard our portfolio balances so that we do not bleed when the markets are crushing.
**Gold**
In the Forex, and Stock Market metals are mostly used as safe Havens, especially Gold. This has been used for so many years and the investors have much faith in it especially when the Economy is bleeding. Imagine there is a war and you invested in the stock market, there is no doubt that you will suffer a loss when the market crash due to war.
Let's say you had money in your bank account and war is on fire and you just take your bank cards with you so that you will be able to make some withdrawals. There are higher chances that you might not be able to make those transactions. Remember there is a war and banks will be closed and your transactions are likely to fail if things get worse. If you had bought some gold you might just go with it and you can liquidate anytime you want. Gold will be favorable in times of crisis that is why when companies are closing and stocks and Forex pairs fall only gold and other metals will be bullish.
**Stable Coins**
The name says it all, Stable meaning its value is always stable and does not fluctuate. They are pegged and $1 and these are most favorable during taking profit times and when markets are bearish. There are a lot of them e.g TerraUSD, USDC, Tether, DAI, and a lot of them. According to a market capitalization of stable coins, the market size is $188,819,866,197 meaning to say investors are making use of these.
**Diversifying Portfolio**
As an investor do not put all your eggs in 1 basket but make sure you spread it and invest in different financial instruments e.g Stocks, Metals, and CryptoCurrencies. If the Economy is performing bad investors will not have money to invest in Cryptocurrencies and Stocks because they will be struggling to make ends meet so if you use your last penny to buy these 2 there are chances that you will be at a loss for a long time unless the market is about to rebound. You wouldn't know when it will rebound so it will be wise to have a portion of these 2 just to be safe then put another on Metals so that whatever happens your portfolio will always be safe.
**Follow my Links for more of these articles and earn AMPL & Statera on** **Publish0x** **for reading and writing articles, also earn Bitcoin Cash for writing articles on** **Read.cash** https://www.publish0x.com/?a=BDbD9wAKdl https://read.cash/r/drmudpro
HiFi Gaming Society has become 1 of the Best Paying Gaming Platform
Just like "an Archer who needs a bow and his arrow", so is every gamer who needs the **HiFi Gaming Society** to be a complete earning gamer. If you are a full-time gamer and a crypto investor and you are not into Metaverse and Gaming tokens, then you are missing a lot. Metaverse and Gaming tokens are now the future of Cryptoverse and it's high time to grab yours. We have tokens like Axie, Sandbox, Decentraland where gamers are earning a living from playing games online. **HiFi Gaming Society** has proved to be the Most paying gaming platform where gamers earn a lot by just playing for 50min yet other gaming platforms pay the same amount after playing for hours to a day. Other gaming platforms have just a single game or nothing yet but HiFi Gaming Society has more than 50 games in their library and you can select the ones you love from their library and earn for playing those. https://hifigamingsociety.org/browse-games
On 3/10/2022 **HiFi Gaming Society** introduced a new reward system for gamers and it's amazing. Now gamers have to create a profile where they can track the progress of their daily earnings, Game statistics, and see the missions they have to complete daily for them to earns. There are 3 missions, the 1st mission is being a HiFiver through staking 75 000 HiFi tokens and you will earn the 51% APR for that. There are the daily plays where a gamer has to play 5 games and each game has to last 10 minutes so all in all you play 50 minutes. Lastly, you have to own an NFT but currently, it does not matter much we are still waiting for the next update which will touch the NFT utility and gamers will earn more again from the NFTs. https://hifigamingsociety.org/browse-games
Every day there will be a pool of HiFi tokens to be shared amongst gamers and for a gamer to get a share of the reward pot, he should earn daily merits and he will be eligible for daily earnings. So 5 plays will get you 5 merits and not forgetting other gamers who have not staked anything, they can also play for free on the platform and they will get raffle tickets and those tickets will give them an opportunity to get a share of the HiFi pot. So HiFi gaming rewards are open for every gamer, whether you staked tokens or you own an Into The HiFiverse NFTs or you do not own anything you have a chance to earn from the HiFi Gaming Rewards.
Before the update HiFivers who staked a few tokens used to earn around 158 HiFi which is equivalent to $0.3 and this was so little for a gamer and you could not pay bills from that. After the update, the earnings went up and now you can pay bills. Just a normal gamer who staked HiFi tokens can now earn between 3500 - 4500 HiFi tokens which are $7.4 on average and in 30 days it's $222 with the current HiFi price of $0.00185
Since the new earning system was introduced in 4 days only I earned 12,804 HiFi of which before the upgrade I used to earn the same figure in 3 months. So in 4 days, I earned HiFi equivalent to $24 in total which is huge and in 30days I would have 96 030 in my pocket. In a few days, there is gonna be an update on Guilds and Scholars, so I am hoping to get scholars to play games and I will earn extra HiFi. Check out their updated **Road map** and **Medium article** and see the full details on how you can earn from this new system. Also do not forget they are running competitions and there are going to be 25 winners in the current competition. Check out their **Twitter Page** and **Telegram group** for more updates. https://hifigamingsociety.com/#roadmap https://hifigamingsociety.medium.com/hifi-play-and-earn-w-nfts-2b76ed432067 https://twitter.com/HiFiDeFi https://t.me/HiFiGamingSocietyPlatform
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Crypto Investment Chronicles - The Rich will be Richer and the Poor will be Poorer
This might sound weird but the truth is **"It takes money to make money"**. It's easier for someone who already has money to spin it and make a lot more money because there are a lot of opportunities that you can jump on if you have money. If you are poor you might find some opportunities but the lack of funds will always limit your adventures. Let's say the world is hit by a pandemic the average income earners will be looking to buy foodstuffs to survive but those who are rich will be looking for opportunities to buy bulk foodstuffs at a discount so that they resale to these low income and average earners.
**How does the Poor become Poorer in Crypto Trading and Investing**
Most of the time average and low-income earners will be always looking at making a 1000% profit in a short space of time. By doing so they end up exposing their capital to the vultures and risking what they can not afford to lose. They tend to invest all in one project and when that project fails they will be left with huge losses written all over their faces. I remember when I first got into Crypto investment I went out to the back and took a loan and invested in a scam project and it took me 6 months to repay the loan I took with some interest. So imagine 1 fatal error that I made haunted me for 6 months and I thought I learned a lesson that day. In 2020 I made a similar mistake but this time it was not a loan, it was my savings that I put to stake and was rug pulled, and that I hen I realized that my train is moving but in the reverse mode. I was losing more than I thought was gonna make and slowly my I was getting poorer lucky enough I realized it earlier and I changed my investment strategy.
A lot of investors will be looking for altcoins and tokens that have a lot of zeros after the comma e.g *0.000000003* and their hope will be to see that token dropping 2 to 3 zeros. Usually, that happens once in a blue moon if you pick the wrong altcoins, If you pick tokens that do not have utility and a solid whitepaper then the flame of that token will be just like a fire flame made from papers that don't last long. You will just have hopes of making a fortune but in the long run, you will lose a lot of money.
**How does the Rich get Richer with Crypto Trading and investing**
Since Cryptocurrency trading started we have seen those who were early investors making a lot through arbitrage trading and trading the volatility waves. Successful Traders mostly focus on successful altcoins and they ride the volatility waves. Let's say you have 1 Bitcoin and 1 BTC currently costs $40,000 and mostly BTC in a day it can make a move worth $1000 - $4000. So let's say you are an early investor on BTC and you own 2BTC, this means for every move that is worth $1000 you have an opportunity to walk away with $2000 profit. Lets us look on to another altcoin that is still cheap and has nice volatility;
Let's say you have $10,000 and you purchase 8547 MIR for $1.17 per coin, then the price hits a high of $2. Then you sell your MIR for $2 and your money will be $17,094 and that's $7094 profit in one day. Then the following day you buy 5291 MIR for $10,000 and you sell them at $2.41 per coin and get $12,751, that's $2,751 profit in one day and you keep on repeating the same process over and over making thousands every day from just buying and selling.
The trick is in pushing volumes, let's say you managed to buy 1000 BNB long back at $0.2 and if 1 BNB moves from $375 to $380 in one day that means you will be getting $5 for each BNB. So multiply that by 1000 and that's $5000 profit for that move only, but for someone who just has 1 BNB he will just get $5 profit and that's all. So an early investor has an advantage here or maybe if you are someone rich then you can just jump in and make money from those moves. I think it will be wise to stop chasing newly listed sh*tcoins expecting to make millions overnight. It takes money and time to make a lot of money in the Crypto Markets.
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Should I Buy Gaming Cards and Non-Fungible Token's [NFTs]
In my Crypto Journey, I have seen a lot of tokens from different categories coming and going, it's like it was a stillbirth. They just come and make a lot of noise and then just vanish from the map and only then you will realize that **"not everything that glitters is Gold"** and because of that, I decided to stay away from tokens that I hyped too much.
When they vanish from the global crypto market map, the team behind the project will delete all their social account and you will be left with 3 things only; **Transaction history from your wallet, Worthless Tokens & Emotional stress, and pain.** It will take some time for you to heal from that pain so before you jump on to the crypto investment train make sure you manage your risk and do proper research.
**How do we end up in the Dilemma?**
Most newbies go on social platforms like Twitter or YouTube and follow Crypto influencers who shill potential tokens and they get investment advice from them and invest in the noise being made by them. Those guys mostly talk about tokens that have the potential of going 100 to 1000%, also price analysis, but one thing you should know, some things are too good to be true. You should know that some will be advertising their referral link and some of them will be paid to make those videos, so if an influencer says but you do not just buy for the sake of buying.
**What Other useless token types do we have?**
I know a lot of people do not agree with me on this one but the honest truth is those tokens are just created and they lack utility. If you check the history of Doge you will see that it was created out of fun, then Shiba Inu was created but it had nothing to offer except too much hype from Elon and its strong community which always dreams that it will reach $1 someday. The truth is Shiba will never reach that price unless they do serious burning. Recently it got involved in the Metaverse and I am sure they discovered that the MeMe category was slowly withering and dying. We have a lot e.g Floki, Kishu, and a lot of them. I am not saying they are bad tokens, but it's just that they lack that vibe and I don't spend much money on them.
**NFTs, Gaming Cards, and Metaverse**
Every investor is now jumping into the NFTs, Metaverse, and Gaming Tokens because it's a new kid on the block and there are higher chances that this will be a success. If we are to do a survey to see how many people play games we will see that more than 60% play games on their PC or phones just to kill time. We also have serious gamers who invest more in their gaming equipment and they just play for fun. Things are changing now because now those gamers are now getting paid to play games. If we had no gamers maybe we would have said the Metaverse and Gaming Tokens will fail but it's different from other altcoins.
The above image shows the NFTs of Pyroworld which is a launchpad platform and they are also a Play 2 Earn. Their NFTs are going to be the characters to be used in their play to earn games. https://www.pyroworld.org/
So The Gaming NFTs has got utility and these can be used in the metaverse, it might be a character you will be used in playing the game, or you might use it for guilds purposes, staking it and earning rewards. It's like you are playing **Street Fighter 2** and you have an NFT of Major Bison, which means you will be able to use that NFT on your character.
Then we also have some useless NFTs being created by everyone and most of them do not have utility. It's like someone just gets a JPEG and creates an NFT out of it and sells it. Just because NFTs are on-demand doesn't mean you should buy any. Scammers are also on alert and this is their time when they make money maximizing this opportunity. Also, take note, there are so many token creators claiming they are into metaverse and they have a nice website, nice graphics, and NFTs but in the end, they just sell those NFTs but will never deliver the game.
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Cryptocurrency Investments -What Goes up Must come Down
**Why is this Crypto Token dumping? Why has the price dropped like this? Why is the price pumping?** If you are in Cryptocurrency investment groups I am sure you have seen these types of questions being asked by the investors. At times you would not tell if someone does not understand how the Markets move or Maybe he is just trying to FUD and cause panic amongst investors.
**Let's assume they don't understand how markets operate**
They might be asking honest questions so we have to tolerate them and help them understand the process. Some just got into the cryptocurrency after they heard that you can make millions with cryptocurrencies and they invested. So when they buy a certain token they will be enjoying the ride expecting it to get to the moon, but when the market gets exhausted you will then that seeing questions like those. *I will try my best to do some explanations for the benefit of those new friends of ours.*
In cryptocurrencies there is pumping and dumping, so you might get into the market and buy your token when it's in the pumping process. When the price reaches a previous bearish **order block** or the last price zone when it sold massively the price will again fall. So those who were holding will take their profits on those levels and the price will drop. That is when you will be wondering why the price is dropping. Not every investor is a long-term investor, some are just day traders so if you are a long-term investor you should not pay much attention to the price movements.
There is also another alternative provided you know the order block zones, lets's say the price reached the bearish order block you can also take your profit and buy stable coins like Tether USDT or BUSD so that you maintain the balance of your portfolio. When the price is done with the bears and ready to go up again you then re-enter and buy. I think when you do this you should not liquidate your whole portfolio, maybe 50% or 75% will do just in case the price keeps ongoing.
If you are a long-term investor taking profit might be a bit tricky because you can not tell if the market is just retracing a little bit or it's a reversal. See the above image of Axie Infinity, it has an all-time low of $0.1234 then after a year on the exact same date it had an all-time high of $165. Let's say maybe you took your profits when Axie was at $7, how do you feel seeing it hit that all-time high. So sometimes you would not know for how long it will pump but I think it's wise to focus on the bigger picture and when taking profit do it on certain levels to give room if there is any possibility of continuity on the bull run. Avoid being amongst the panic sellers because fortune favors the brave and those who are patient enough to hold on to their tokens will rip and enjoy the fruits of being patient.
Another thing that might help you decide where the future of that token is headed is looking at their Whitepaper. If you see that they still have a lot to take care of I think it's not wise to take profits early because you might not know when it will skyrocket. If you look at Cronos, their 20 year deal with Staple center can simply tell you that a lot will happen in terms of developments and price movements. I am sure by then maybe it will be the biggest centralized crypto exchange platform in the world and their token might be worth 100's of dollars.
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Cryptocurrency Investors - Separating Short-Term from Long-Term Investors
Cryptocurrency investing takes a lot of Passion, Courage, and Determination and these 3 will determine if your crypto career is going to be a success. Cryptocurrency seems to be an easy and a take-money home business, but it's not that simple if you lack the skill. Of course, it's all about buying and selling cryptocurrencies but certain things determine where you will be in the next few years. There are 3 things involved, either you will be a millionaire or you will be poor, or maybe just an average investor.
**Portfolio Diversification**
The first thing every investor should do is to diversify his/her portfolio. Remember when we invest we do not know for certain if the investment will bear some fruits, it's all about hopes and faith. There is an African proverb that says **"Only the soil knows that the baby mice is sick"**, so in the Crypto investments, only the developers can tell if it's going to be a success. So we will be just investing in someone's dreams and believing what they promise to do and no investor can tell the outcome, it's all assumptions.
So for that reason, it is wise not to put all your eggs in one basket by diversifying your portfolio so that you spread your risk. This will help if the investment does not come out as planned, you will not lose all but only a portion of your investment. Imagine investing all your money on a single asset and if that asset crumbles then all your dreams are shattered.
**Start Small with a Bigger Picture**
Always invest money that you do not want to use urgently because if you invest every penny that you have, a minor retracement will emotionally affect you so much because that's all you have. So invest extra money and let the market do what it does and you just take a chill pill. It took Bitcoin 13 years to get where it is today so patience is the key. Those who sold Bitcoin at $300 to $500 are now regretting but for those who kept on holding, they are enjoying the ride. A market has its ups and downs and that should not get you to worry at all, how you react to the bearish markets will determine if you are gonna survive on the roller coaster. Your **Patience** and **Emotions** will be a test so you should prove to be brave and not deterred by the ups and downs of the Crypto Market.
I realized that the fast moves in the Crypto Market about 70% of them are fake and might ruin your investment career. You might be a retail crypto trader maybe trading making small profits with consistency then all of a sudden you see another crypto asset skyrocketing and you quickly jump in and put your money at stake and then it falls and starts trading below your trading entry. In the market always know that demand is created and soon after supply will follow. So if you make the mistake of just jumping in with poor timing, the whales will offload their positions on inexperienced traders. As for me, I prefer steady moving assets which does not promise 1000X gains overnight because you might make money but you can also lose big if the tables are turned on you.
The Markets Feasts on the Inexperienced, the Impatient, the Weak and the Greedy.
**Does Centralized Exchange Listing determine the Future of a Crypto Asset?**
I am in many groups of Crypto investors and I sometimes just laugh at the questions being asked in the groups. The most common question is **"When is the centralized exchange listing?"**. I have seen that some investors believe that a crypto project will be successful if it's listed on a Centralized Exchange. What they don't know is, Centralized Exchange is just a market place and you can not go on the market and start selling an idea of a project that is not yet complete, instead build first when the project is ready then you present it on the market.
Some investors are tired of just buying sound ideas which have nothing to offer, so you should offer something tangible and I believe a good project will sell on its own without much advertising. I think I have never seen a commercial advert for Lamborghini or Bugatti Veyron but those supercars cost a lot and they just market themselves without much effort. That is how a crypto project should be, So as investors Instead of focusing on short-term goals like Centralized Exchange listing focus more on the long-term project goals and their roadmap and see where the project is likely to be in 5 to 10 years going forward.
Long-term goals will always bring good yields and returns. The most important thing it will bring peace of mind, so just make sure you risk extra savings and also compound your profits with intentions of yielding more in the long run. Also never invest in something that you do not know because it will bring a lot of confusion and do not panic sell in times of market crisis because those are just temporary moves. Last but not least, diversify your investment of different Market sectors such as Smart contracts, exchange-based tokens, Metaverse and Gaming, etc,
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Getting to know Liquidity on Decentralized Exchange and Yield Farming?
In the Cryptoverse Liquidity is the key to the survival and success of an altcoin, without it, no one will invest in that cryptocurrency. When it comes to Monetary Policies and Acts In the Financial sector, the amount of fiat money in circulation should have a backing in reserve with the same value to maintain the inflation levels. In the crypto-verse, if we look at Stable Coins, it is claimed that they are backed with Fiat money and assets to maintain their stability.
I think the above image makes it easy to understand how liquidity works on centralized and decentralized exchanges. Mostly you might see some crazy gains on tokens if you check the coin market cap. Let's say the token was valued at $0.02 and maybe that token is listed on a Decentralized Exchange with a Liquidity of $10 000 provided and all of a sudden the token goes up to $5. You might be shocked, if you go and try to sell 10 000 tokens on that DEX your transaction will not go through due to low liquidity, or maybe they will offer you a lower price like $0.02. There are several cases where investors complain that they are failing to liquidate their tokens on DEX, e.g Squid-game hit a higher price of $2,861.80 but no one cashed out their monies.
When I first started investing in cryptocurrencies back in 2016, I would make sure that before I look into anything else, I would check the 24 Hour Trading volumes on the Coin market cap and this would give me a signal if the coin was Liquid or not. You might find a token with a higher price on the coin market cap e.g $5 and if you check on the market tabs you might see stars** there showing that the volumes might be below and can not be traded.
In the token above we can see that I circled some areas in red and they are areas of concern. Volume on 24H is not available and on the market, tab volume has got stars and liquidity is not updated and there is no investor confidence. So if you happen to buy this token you might succeed but when it comes to selling it you might face challenges.
**How does Liquidity Play a Role in Yield Farming and Defi?**
These there are Yield Farming and Decentralized Exchanges, on these you will see a menu like that on the screenshot below. Investors will do what is called Yield Farming and provide Liquidity pools through depositing 2 different assets e.g you deposit Binance USD (BUSD) worth $100 and then you deposit another volatile token like Ethereum worth $100 and they are locked and the liquidity providers will earn from the fees charged on transacting. The reason they do so is to provide liquidity whenever a transaction is about to be conducted.
There are also other cases, for example, you want to swap from Matic to Aave and maybe you will see that your transaction is being transacted through a different route e.g your Matic will be converted to Ethereum, and then from Ethereum to Aave. The reason for that is, the Matic/Aave pair might not be there and maybe there is **MATIC/ETH** then **ETH/AAVE** pair so your Matic will be traded on the **MATIC/ETH** and the ETH received from that trade will be used to buy your Aave and the trade is completed.
The image above shows the process of trading WMATIC to AVVE and the trade is taking the Ethereum route to prove what I just explained. Then earlier I talked about Liquidity providers being paid from the fees generated from the transactions depending on the amount of liquid they provided.
So an investor can choose to stake his/her cryptocurrency as a single pair e.g you just stake your Bitcoin or either you chose to join the liquidity pools like Harvest Finance and you deposit 2 pairs with the same value and when you jump into that you have to know that there are Liquid risks involved such as Impermanent losses. So do some research before you get in so that you will know what you are getting yourself into and avoid unnecessary surprises.
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Crypto.com (Cronos) - Is the Marketing efforts really Paying Off?
Since i started investing in Crypto Currencies in 2016 i have heard of Crypto.com now Cronos and i only got to knew about it late last year around August. I got to knew about it when i first Started blogging with Publish0x, i saw their widget on the Publish0x platform and the coin was is on the forefront. So i just got curious and i started looking into it then i saw it was a promising token which might get close to Binance Smartchain in the near future and that moment it was ranked number 42.
Honestly i had no intentions to invest in it because i hated ERC-20 tokens because of the higher transaction fees involved so i tried to give it a blind eye. The more i tried, the more i saw their adverts everywhere then i decided to jump into it. I remember telling myself that even though i hate ERC-20 tokens but i am going to invest in this one and that time it was trading at $0.18 per coin. So i bought it on Kucoin and i was charged 150CRO as transaction fees and it was worth it because i knew it will pay of someday.
The launch of the Crypto.org chain made me believe more in the Cronos token because i was now seeing the bigger picture and they were taking the same footsteps that Binance took. One thing that's i liked most is the low transaction fees which are close to $0, its different from transaction fees on other chains and the transaction speed is super-fast. So far they have 14 million transactions and 100 active validators, we can see the Crypto.org chain is a success.
Crypto.com signed the naming rights of the Staples center and the deal is going to last 20 years, from that only its clear that CRO is destined for greatness and they are doing well. They also bought 2 exchanges at the end of the year and its becoming popular day by day.
Early this year Crypto.com partnered with Lebron James which brought some value to the Crypto.com family. Its about 3-4 weeks now since the Crypto Superbowl started and we are seeing a lot of progress from the Superbowl and the rest of the Marketing efforts. The number of Cronos Holders is increasing by almost 500 holders everyday showing that a lot of people are adopting Cronos and in 5years time i am sure it will be big.
On 2 December the number of holders was 156,870 and after 2 months the number of holders skyrocketed to 221,903 and Cronos has now found place in the top 20. There is no doubt that the Marketing is really paying off, the price might not be where we are expecting it to be now but rest assured that soon it will be amongst the top 5 biggest Crypto currencies by Market capitalization.
**Token Burning**
When you go in groups where they discuss about Cronos reaching $100 per coin, you will see that a lot will be saying it will not because of too much supply unless they do some burning of their supply. As i was checking some info on Cronos to see where its future is heading i decided to check the amount that was burned and i was surprised to see this:
They are burning some Cronos daily and currently they burned 76.3Billion tokens which means they have a circulation supply of 23 Billion not that 25 Billion being shown on coin market cap. The last time i checked was 27-03-22 at 21.00 and now its 27-04-22 12.30pm and they have already burned 615 313 Cronos tokens. So if the number of holders keep on increasing with this rate or more there are chances that they will burn 1 million and above. If that happens i am sure in 10 years to come CRO will be worth 100's of dollars. As for me i bought 1005 and staked all of it and i am not going to sell until the price reach my target or until when Cronos is left with only 1 Billion tokens in Circulation. Currently they have a plan to burn 10Billion Cronos and the supply is going to be left at 20 Billion then we see the next burn phase.
If we are to compare Cronos and BNB in terms of their all time high Market Capitalization and adjusting the Cronos supply to 20 Billion, we will see Cronos reaching of $5.77 provided that it reach the BNB all time high Capitalization. So from this data its promising to be a good token.
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Crypto Investments - Too Much Everything might Lead to Too much Nothing
Some might not understand what i mean by saying *"Too much everything might lead to too much nothing"* but i am sure by the end of of this article you will understand what i mean and why i said so. Being a Crypto investor, injecting a lot of hard earned money into Crypto Currencies does not guarantee you good yields in return, its the hard and naked truth.
Imagine you go on the Crypto Market and check the list of all crypto assets you can invest on and you select the ones you want to invest in. After investing you then realize that you left out some other promising Crypto that you could have benefited from but due to lack of funds you missed the opportunity. When you see those Crypto assets you did not invest on sky rocketing to maybe 300x and the ones you invested on ranging. The pain of seeing that will haunt you forever and the only thing you can think of is getting some money even borrowing so that you have enough to use on your investments.
**Crypto Gambling Investment**
After you suffer the pain of missing out good investment opportunities, you then get some money and this time you do not want to miss the opportunity of making some money. Now you will get caught up in the web of *Crypto Gambling* and this is a deadliest investment move ever. In the Cryptoverse you can not tell which Crypto is going to explode or which Crypto is a scam, so because of that you try to spread you risk to other projects so that when the markets are moving you are guaranteed that some of you assets will move and even when some are rug pulled you will be left with something in your portfolio.
Risk spreading is the best thing to do when investing, provided that you do enough research and scrap off all unnecessary assets from your portfolio. You will see someone investing in maybe 50 newly listed crypto currencies with Low market cap and that person in his mind he will be thinking that i am going to be rich because i invested in low market cap assets. Crypto with low market cap has an advantage when they sky rocket you will be rich but there are also higher chances of crush because if 5 whales decide to dump the prices will fall hard and result in heavy losses, that's the disadvantage. I remember watching The Man Who Built America, JP Morgan Jr wanted to start his company from scratch because he had seen a lot of businessman like Rockefeller, Vanderbilt starting their companies from scratch and being successful and he did want something similar, but his father told him that "you should invest in something that has proven to work because you might lose it". So the same applies in Crypto, if you are lucky and invest in a newly listed Crypto asset there are chances of being rich or being broke so the chances are 50/50 and i would call that **Crypto Gambling Investment**.
Do not gamble all your money on all newly different crypto assets because some of them fail to kick start. I would suggest to mix your portfolio with some other successfully launched and running assets so that you minimize the risk of losing all. Lets say out of 10 maybe you include 4 crypto assets that are already performing well so that you are guaranteed to some extent.
On my case i invested in 14 different Crypto assets and the majority were newly listed, so i invested heavily on 1 that was already performing and had been on the markets for years and then heavily invested 1 low market cap and the rest i invested a few dollars. I gambled a few dollars on 12 different newly listed and 2 of them rug pulled already and now um left with 12. Luckily the one which had some years on the market is holding strong and its the 1 that is only in profit the rest its red sea. So imagine if i had all my money on newly listed low market cap assets, i would have been in deep loss now.
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My Crypto Earnings for February
There is no doubt that the Cryptoverse is invading the Financial World and soon it will be adopted by more than 75% of the people on the planet. I have been in the Crypto investing for some years now but i used to take small breaks here and there but now um here full-time. All along i used to Invest, blog and stake but i never tracked my Crypto earnings but recently i created my portfolio on Coin Market Cap and i am tracking all my crypto investments and adding some that i earn. This month i decided to take a further step and put it down so that i can track in detail were i am making most and less so that i know how to improve. So i am going to divide it into 3 different segments namely Blogging, Staking and Gaming respectively.
I started blogging with Publish0x in April 2021 and in about 10 months i was consistent for about 8 months and in that period i managed to get 1025 Followers which was a great achievement considering where i came from. There was a time when i used to write 2 articles per day but these days i mostly write about 7 to 8 articles per week. Ofcouse for you to get more followers you need to write daily but i came to realize that its not about writing only but you have to deliver when you write and quality material is non negotiable. This February i did not write much, but luck i enough i wont Ethereum worth $20 then some FARM, Statera and AMPL worth $9. This month i had 23,806 views and a total of 545 likes then 15 dislikes which is about 2.6% and its not that bad as compared to 97.3% like rate. So all in all i got **$29.57** from blogging on publish0x and i would say it was a good moth and looking forward to higher goals next month.
****Read.Cash****
On read.cash i have a very few subscribers only 22 and the main difference with publish0x is, there is a random rewarded and also there are sponsors. There is no tipping option instead you just get rewarded randomly. The most thing i like about read cash, you can post an article on publish0x and get maybe $0.5 but if you post that same article on read cash you might get $2-5 even more.
This week i posted 2 articles and both of them got me $3.04 and $9.28 respectively which was a great achievement and i guess i will keep on getting better until i am getting more than $20 per article. Mostly on read.cash i post 5 articles per week due to my working schedule and i am looking forward to write more so that i do not starve my followers. So on read.cash i got a total of **$27.59** and it was a good start considering that i was not that consistent on read.cash. The most thing which excite me on read.cash its withdrawal method is instant and you can use whichever crypto you like when withdrawing.
**Total Blogging = $57.59**
****Metaverse and Gaming****
I have always loved playing games since childhood and those days it was **Pay to Play** but these days things has changed its now **Play to Earn** and HiFi Gaming Society is the one which caught my attention and i invested in the HiFiverse. I staked 97259 and i am earning 135.897 for staking and i am earning 423 HiFi for playing games so in total this month i got 12 552.93 HiFi.
**Total Gaming Rewards = 12 552 equivalent to $17.56**
****Cronos Staking****
I have been a fan of Cronos for sometime now and all along i was just keeping my Cronos then about 7days ago i migrated them from ERC-20 to Crypto.org Chain and i started staking. So far i earned 2.3 Cronos and its still low since i have started less than a week ago and i expect to see how the next month ends.
**Total Staking = 2.3 Cronos = $1**
****Contest Giveaway Earnings****
I participated on the HiFi and LuxFi contest and i wont the LuxApe NFT and its gorgeous and i also participated on the Lovelace and LuxFi contest and i won 70LACE which is worth $6.3
**Total Giveaway Earnings = $6.3 plus NFT**
**Total earnings for February amounted to $81.86 plus LuxApe NFT**
**Also Follow my Links for more of these article and earn Bitcoin Cash for writing articles on** **Read.cash** https://read.cash/r/drmudpro
**You can also earn some Jump Tokens for sharing your Internet connections using** **Honey Gain****.** https://r.honeygain.me/DEFIA1EA2D
Crypto and Forex Trading - Winners Need Discipline first before they seek Motivation
In real life your shouldn't under estimate your capabilities. We all have that sleeping lion inside us and we just don't know that yet until its time to unleash it. Have you ever seen how cats react when you try to attack them and they are cornered?, you will give them no choice but to fight back. The same concept applies to Forex and Crypto traders but its just that in the Market we do it cautiously. In Casinos they say **"The house Always Wins"** because they know that when a gambler fails to control his mindset and emotions he will make the worst decisions ever.
The Market Makers and large Financial institutions have enough funds to toy with our emotions. They might open a buy and a sell at the same time and when the price falls and reach their Take Profit they close the sell and hold the buy until it reaches its opening entry and close it at break even or maybe with 10pips profit. When this happens the retail traders will be holding tight to their long positions that's if they were not stopped by the stop losses and they expect to close at 150 pips profit and mostly a few traders survive that move because their emotions will be in-charge now and their decision making will be delusional.
The traders lose due to several reasons which include *lack of patience which will lead to poor entries, greedy which will fool them to use higher lot sizes and risk more than they should and get stopped out in the process and also letting their emotions dictate how they should handle their trades*. What i learnt is no strategy is 100% perfect and you will always make loss and the best thing you can do is minimize them. In the event of a series of loses and due to some reasons i stated above, should you go and seek motivation? No and here is Why you don't have to seek motivation:
**Discipline is the Bridge Between your Goals and your Accomplishments not Motivation**
Discipline is the key to success and without it you are guaranteed to fail. No matter how much motivation you get from motivational speakers or family and friends, as long you lack discipline its a waste of time. If its Forex or Crypto trading, make it a habit to always revise your closed trades and see why you did what you did. See the errors you made and correct them, if you had good entries always look and see how u spotted them so that after so many years you will be experienced on your craft and you will know how you should trade.
Blowing an account does not need motivation, it needs finding the reason which caused that and work on it to avoid the same mistake over and over again. Always stick to your trading plan and focus on your strength, if you are not good with volatile markets then stay away from them and avoid losses. Forex trading and crypto trading has the same concept but they are different assets and they move differently so know where your money is. Do not just trade for the sake of trading but be a disciplined trader who follows his plan.
Self motivation is the remedy, if they can do it you can also do it, learn from them to become what you aspire to be. Refuse to give up, know your weakness and work on it and counter attack on your strength. The market does not run away it will always be there so do not chase trades, The Crypto market is gonna explode and make us rich but the question is, are you disciplined enough to hold on to your invested altcoins till the whole world has adopted crypto?
**Also Follow my Links for more of these article and earn Bitcoin Cash for writing articles on** **Read.cash** https://read.cash/r/drmudpro
**You can also earn some Jump Tokens for sharing your Internet connections using** **Honey Gain****.** https://r.honeygain.me/DEFIA1EA2D
Quality over Quantity in Crypto Investment
The Millionaire's and Billionaire's we see in this World they did not just work up being rich. It took a lot of hard work, focus, faith, action and a proper analysis. They do have financial advisors who help them in choosing wisely so that they invest in invest in Yummy investment assets. The same concept somehow apply in the crypto currency investment because money is involved here.
In the Cryptoverse i guess we have approximately 90% investors who make the mistake of investing in quantity instead of Quality crypto tokens with real use. If you ask investors randomly why they bought certain types of crypto asset you will hear different reasons like:
**Its trending** - Mostly investors would go on the trending list and see which tokens are trending and they invest in those. I once did the same thing, i even have some useless tokens that i am still holding that i can not sell because they dropped drastically in value.
**I bought billions and waiting for it to hit $1** - Someone will look at Bitcoin and just imagine if he had 10 BTC, then he keeps on dreaming and think of buying a different token maybe costing $0.000000000xx and get Billions of tokens. That moment he will be hallucinating seeing that coins reaching $1 and he becomes a billionaire.
**Its gonna be the next Bitcoin** - I am sure we once all came across some people saying if you missed Bitcoin this is your chance of getting in and poor investors will be lured.
**Its gonna be used as a legal tender** - Most new crypto will come and claim that their token will be used as a payment method and you can purchase in stores and online shops like Amazon, eBay and the likes.
At first i saw this act of investing in Quantity in the MeMe Tokens as investors were just jumping in a number of different MeMe tokens. If you check on the MeMe tokens list on coin market cap you will see that we now have a lot of **---Inu and --doge** tokens and most of them when being advertised it will be said, this is the son of *********, this was inspired by ********* and a lot of sugar coated stuff and for that reason a lot of investors jump in. Of all the Meme's i checked i have discovered that their total token supply ranges between Trillions and Quadrillions.
The Era of Meme tokens seem to be declining and now the Metaverse is getting everyone's attention and now its the house hold name. Now in the Metaverse and Gaming Tokens we see that there are some with supply ranging from Billions and Trillions and you wonder why all this supply.
Just from the basics of economics, we know that too much supply will result in less demand and lower prices. So the same basics apply in crypto currencies, if you invest in a token that has crazy supply, you might end up investing in quantity with lower chances of Quality. Bitcoin is of high quality that is why its value is always levitating and its supply is limited which is its strength. So when investing i think its wise to invest in tokens with low supply or tokens which has a deflationary supply, so that with time the supply will be less and the value will be high.
Mostly these tokens with higher supply they sometimes skyrocket and then fall because most of them have no real use in the cryptoverse and they have nothing tangible to offer on their white paper. The best they do is to get listed on more different centralized exchange but that does not mean that the price will stabilize. Its like the devs list the token on more exchanges so that they can sell more and the trading volumes wont do much to the price movements.
**Also Follow my Links for more of these article and earn Bitcoin Cash for writing articles on** **Read.cash** https://read.cash/r/drmudpro
**You can also earn some Jump Tokens for sharing your Internet connections using** **Honey Gain****.** https://r.honeygain.me/DEFIA1EA2D
@drmudpro
