Author: dfmines

The stars are older than all of us, and older than history itself. Yet bring up astrology with the Bitcoin crowd, and for the most part the response is skepticism or even mockery. Both the study and the cryptocurrency itself share several similarities, such as a mathematical foundation, cyclical behaviors, and unusual financial applications. If you are the type to believe, or are just curious, a notable full moon is passing, leading into the autumnal equinox tomorrow. How might this seasonal shift impact the cryptocurrency market trend, and how does math apply to what many believe to be pure myth? September Harvest Moon Could Bring Bounty For Hard Summer Work Planets all revolve around the sun. Their position at the time each person is born and there forth is believed to instill certain influences at distinct moments. Depending on the rotation and layout of the planets, it can have all kinds of seasonal impacts. The Farmer’s Almanac uses such cycles to predict how much snow each winter holds, for example. Certain conjunctions are said to bring about famine, drought, or worse. For example, historians believe that a a triple conjunction of Saturn, Jupiter and Mars caused the Black Death plague. Related Reading | Interview: Crypto Damus On Successfully Combining Bitcoin TA With Financial Astrology The late WD Gann used planetary influences along with math to predict tops and bottoms with “legendary” precision. He taught no one his tricks, but left all kinds of bizarre mathematical tools behind that few know how to take advantage of. So how does this all impact Bitcoin? The Harvest full moon hasn’t appeared on the chart yet its so fresh | Source: BTCUSD on TradingView.com The new moon and full moon chart alone shows significant correlation with Bitcoin price action. Just last night as BTC plunged near $40,000, the full Harvest moon and last full moon of the summer was passing. The moon was named for the fact that farmers used the moon’s light to work late into the night on annual harvests ahead of colder months. It has been a long, arduous summer for crypto holders, but this moon could be a sign that its time to reap the fruit of one’s labors as the autumn equinox hits. Could The Fall And Golden Ratio Be The Key To The Next Bitcoin Peak? The equinox signals change is coming. Change in the season; change in the way humans behave based on those seasons. Seasonality in finance is real, hence the phrase “sell in May, and go away.” The opposite idea is called the Halloween Effect, where investors buy up assets big time to sell around the holidays when enthusiasm is highest. Seasonality and equinoxes don’t always work with the first ever cryptocurrency, but when combined with the power of the Harvest full moon and other favorable mathematical positioning, there is a recipe for something special. After holding above the golden ratio, the final leg up comes in the autumn | Source: BTCUSD on TradingView.com Each final leg up in each Bitcoin bull run has begun at the autumnal equinox, driving to new all-time highs until the winter equinox arrives. Since fall arrives each year, but the same effect doesn’t occur, the necessary ingredient for liftoff is a pullback to the golden ratio. Related Reading | Mercury in Retrograde: Why Bitcoin Traders Fear The Astrological Event Bitcoin price has always retraced back to the golden ratio, before blasting off to the end of the cycle. Below it has never been filled no matter the cycle. If the same scenario plays out, anyone that has survived the summer’s bearish heat, will have a very happy holiday season. To be fully clear, everything written here is pure conjecture based on correlation and past cycles and performance. These aren’t a guarantee of future results. But when the math adds up and Fibonacci is everywhere in nature, why wouldn’t the sum of the full moon, autumnal equinox, and Bitcoin be something very interesting. In closing, we’ll leave you with the JP Morgan quote: Millionaires don’t use Astrology, billionaires do. 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

High-profile NFT sales have dominated the headlines, but the deeper analysis shows that most NFTs are worthless and that the market is highly illiquid.

For those of you who're worried about your investment, or maybe you're thinking on buying more, or you bought at a certain price point, and you're not having the profits that Bitboy was promising, you might be interested on looking at some of this information. First, let's take a look at this graphic on the…
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submitted by /u/Brettaken [link] [comments]

I’m looking for hodling my eth which is currently on an exchange with no interest. Lending platforms? Protocols? Looking for rates above 4% and interest paid in eth. Thanks in advance submitted by /u/nnnyms [link] [comments]

I bought some ETH a few months ago and not sure if I want to risk losing anything View Poll submitted by /u/sara_best [link] [comments]

On September 21, the non-fungible token (NFT) fantasy football platform Sorare announced the company raised $680 million in a Series B funding round led by Softbank. The capital raise gives Sorare a new valuation of around $4.3 billion and the company plans to open a U.S.-based office. Sorare Reveals $680M Capital Raise Non-fungible token (NFT) […]

https://reddit.com/link/psplng/video/e51hcbcumwo71/player You can get the Frame Chrome extension here: https://chrome.google.com/webstore/detail/frame/ldcoohedfbjoobcadoglnnmmfbdlmmhf Announcement: https://twitter.com/0xFrame/status/1439931585873186821 submitted by /u/auglayer [link] [comments]

"Invest only what you can afford to lose" , "Invest the amount of money you can stomach seeing 80% down" — that's what you've been repeatedly told. But you know better than to listen to strangers on the internet, right? So, a million dollar question is — are you overinvested? There is a simple test…
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On-chain data shows Bitcoin exchange reserves continue to decline despite the recent dips, as values reach lowest since 2018. Bitcoin Exchange Reserves Continue To Go Down As pointed out by a CryptoQuant post, the BTC all exchanges reserve is moving down despite the recent downtrend in the price of the cryptocurrency. The Bitcoin all exchanges reserve is an indicator that shows the total amount of coins held on all centralized exchange wallets. A dip in the value of the metric suggests investors are transferring their BTC to personal wallets, either for holding or for selling through OTC deals. On the contrary, an increase in the indicator implies investors are sending their coins to exchanges for withdrawing to fiat and stablecoins, or for purchasing altcoins. Here is a chart showing how the Bitcoin exchange reserve has changed over the years: The exchange reserve continues to decline As you can see from the above graph, the BTC all exchanges reserve has hit lows not seen since 2018. Usually, during periods of big price swings, the indicator’s value shows a spike as investors look to shift their positions in the market. Related Reading | Bitcoin Holders Take Profits As Price Falls, Indicators Remain Bullish?  However, despite the recent dips, the metric has only been trending downward. What’s the reason behind this? Well, one possible scenario could be that there are now more long-term holders in the market that are waiting for the price to appreciate further before they make any moves. A downtrend in the exchange reserve is often a bullish indicator as it shows buyers are accumulating Bitcoin, while an uptrend could lead to crashes in the crypto. Below is another chart that shows the BTC netflow indicator over the last couple of days. Looks like the Bitcoin netflow showed a huge negative spike yesterday The netflow indicator measures the net number of coins exiting or entering exchanges. As is apparent from the above graph, the metric had a big negative spike yesterday, which implies a large amount of BTC was pulled off exchanges. Related Reading | Did Turkey’s President Say “We Are In A War Against Bitcoin”? An Investigation BTC Price Yesterday, Bitcoin’s price crashed down to $40k after peaking just below $49k a few days back. But the price has since jumped back a bit as it floats around $43k at the time of writing. The crypto is down 7% in the last 7 days, while over the past 30 days, the value is 11% less. Here is a chart showing the trend in the price of the coin over the last five days: BTC’s price crashes down to $40k, but quickly recovers back up a little | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant