Author: dfmines

This is probably going to get downvoted but I want to make a plea of sanity to some of the people on this sub. I see lots of comments/posts about people who exclusively invest all savings into crypto due to crazy return potential. I just saw a comment by a guy who said he was…
Read more

so I decided to make a blockchain that implements smart contracts as a final year project, and so far I am understanding everything fine, the only thing I can't wrap my head around is where are smart running? I always see people say they run on the blockchain but how can a blockchain actively run…
Read more

How do gas fees work exactly? I understand that you have to pay a fee to write a transaction to the blockchain from one wallet to another, but who sets them? Is it an algorithm or the miner? Also do gas fees go to the miner or are the burnt? This means any Ethereum I…
Read more

The BTC mining industry is getting a makeover as miners shift their focus to ESG, or environmental, social and governance, initiatives.

submitted by /u/robis87 [link] [comments]

Part of what is so special about Bitcoin is the fact that is it inclusive to all, and never in the past required the participation of “smart money” and institutional traders. But to become a multi-trillion dollar asset as it is destined to, bigger players had to get involved to take things to the next level. That next level is now here, and retail investors and traders are in the same market along with whales, corporations, and other high wealth individuals. These elite play in their own ball field, complete with their own set of rules and conditions. Some conditions can be so unique, that it can even help these traders avoid muddied signals coming from retail trading platforms. Here is how that all works. The Great El Salvador Bitcoin Bull Trap Bitcoin has been trading actively for more than a decade, and the network itself active for slightly longer. When it first released, it had no value at all. Today, it trades for $46,000 per coin, which has the cryptocurrency’s total market cap hovering just under one trillion dollars. Growing from nothing to pennies, to a trillion dollars in value, is nothing short of amazing. Even greater of a milestone yet, was what happened yesterday when Bitcoin became legal tender in the Latin American country of El Salvador. Related Reading | How Bitcoin Bulls Can Make September A Month To Remember Rather than soaring sky high as the retail crowd would expect, whales bought the rumor, but sold the news and took out stop losses of overzealous retail traders in the process. How was it that retail was so easily duped, but institutional futures traders were not? It could come down to the unique technical at the Chicago Mercantile Exchange, better known as CME Group.   Retail traders on Coinbase were bull trapped | Source: BTCUSD on TradingView.com How CME BTC Futures Tipped Off Institutional Traders When BTC Futures made their debut on CME in 2017, it was the end of the previous Bitcoin bull run. Institutions made it clear then that cryptocurrencies weren’t yet ready, and shorted the coin to the ground. And it was the first time outside of unregulated derivatives markets that institutional traders could do so. It caused a bear market as a result. Since then, the power of the CME platform has controlled much of crypto price action. So-called breakaway gaps left on CME charts are often filled later in the week. These gaps are left behind, because the Monday through Friday trading desk actually closes down for weekends and holidays – in contrast to the always on markets of Coinbase or Binance. Related Reading | New To Bitcoin? Learn To Trade With The NewsBTC Trading Course! In the comparison between the two charts above, even technical indicators on the CME Futures chart on the left doesn’t exhibit the same bull trap situation. On the evening that Bitcoin was due to become legal tender, the LMACD indicator crossed bullish on the Coinbase chart (pictured on the right), suggesting that a bigger move up was essentially confirmed. But on the CME chart, no such crossover occurred, which was telling of whales’ next moves. The momentum had long crossed bearish, but was waiting for price to react. React it did, and Bitcoin price flash crashed by $10,000 and nearly 20% due to the severe liquidations seen across the crypto space. CME traders could have easily seen this coming, given the fact their chart never had a bullish signal to trap retail traders. Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

This distribution of Moons has been finalized, and Moons are being delivered to users with a registered Vault. Users who do not have a Vault yet will get their Moons when they create one through the Reddit app. This distribution is based on karma earned from 2021-08-04 to 2021-08-31. Here is the finalized list, with…
Read more

Hello, I'm a digital artist wanting to sell my art on the blockchain. I'm trying Opensea and, of course, I'm stuck with the current high gwei which is levelling up the entry point cost (you need two high gas transactions to register on Opensea). Even after this setup, the buyers will have to pay TX…
Read more

submitted by /u/Lilxtboomie [link] [comments]