Holding your coin has proven to be the most lucrative technique over the years There are success cases on trading, but they're a minority, most people lose their money, specially on leverage trading Take yesterday, for example: the amount of liquidations was close to 700m$, more than 90% were longs No one can predict the…
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OKEx and Bybit starting with fiat onramp/offramp. Chainlink starting with price feeds. https://medium.com/matter-labs/okex-648efdb4753 https://medium.com/matter-labs/bybit-f2b0fb15a931 https://medium.com/matter-labs/chainlink-d12355ce0ce8 submitted by /u/astarinmymind [link] [comments]
Q3 was a volatile period for digital assets as Bitcoin wicked below $30,000 and the total crypto market capitalization shed half its value.
Looking to learn solidity relatively quickly. Any courses, videos, projects, etc anyone can recommend? I find I learn best by doing projects alongside a learning resource. Looking specifically to launch an NFT project and learn more about creating new tokens and distributing them. Thanks in advance! submitted by /u/brombergmedia [link] [comments]
Will Ethereum 2.0 still be the same coin as Ethereum? Is it just an update to Ethereum itself? I have a lot hold holdings in Ethereum and I’m wondering if I will have to transfer it all the Ethereum 2? I’m so confused some please help LOL….. it’s not a new coin correct, it’s just…
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Subsocial Network, an open platform designed to support the creation of decentralized social networks and marketplaces, announced on November 11th that it will be participating in the upcoming Kusama parachain slot auction. As per the announcement, Subsocial will bid for one of the competitive Kusama parachain slots to scale its ecosystem within the Dot and Kusama community. The project has since invited Kusama (KSM) token holders to participate in its crowdloan, where a total of 16.5 million (16.5% of the total supply) SUB tokens will be allocated as rewards. Launched in June 2021, the Kusama parachain slot auction has been an enormous success, with Karura (a Polkadot-based DEX) winning the first auction. A total of eleven projects have since been awarded parachain slots through this initiative. Subsocial is looking to join this growing list, setting itself apart as the primary social network-building platform on Polkadot and Kusama. At the core, Subsocial leverages Web 3.0 to introduce a decentralized social media and NFT marketplace. The platform’s infrastructure is built on Polkadot’s substrate blockchain framework and IPFS tech stacks to support decentralized file storage. As such, users can create decentralized and censorship-resistant social media platforms. Following the parachain slot bid, Subsocial’s native token SUB stands to gain significantly if the project wins a slot. For starters, it is likely to be listed on popular DEXes within the Polkadot ecosystem, including Karura. Additionally, crowdloan participants who receive SUB tokens can start using them to monetize Subsocial’s ecosystem opportunities. This native token allows Subsocial users to deploy their own censor-ship resistant chains and tip their favourite content creators, alongside supporting other in-built monetization options. Subsocial’s Crowdloan Campaign As mentioned, Subsocial has set aside 16.5 million SUB tokens to reward KSM token holders that will dedicate their tokens towards the crowdloan campaign. Out of these, 15 million SUB tokens will be allocated as participation rewards, while the remaining 1.5 million tokens will be allocated to a referral program and distributed as per the stipulated terms. The crowdloan has a cap of 100,000 KSM which means that participants will get 150 SUB tokens per KSM if the cap is achieved. However, should Subsocial win the parachain slot with a lesser bid, the contributors will receive more than 150 SUB tokens per KSM. Assuming Subsocial wins with a 50,000 KSM bid, contributors will receive 300 SUB tokens per KSM. Besides the SUB token rewards, contributors to this crowdloan can also earn referral bonuses. The contributors will be allocated unique referral codes, enabling them to generate 15 SUB for each KSM token contributed by their referrals; these rewards will be split on a 50/50 basis between the referrer and the referee. Notably, 80% of SUB token rewards will be subjected to a vesting period of over 48 weeks as per the parachain slot lease. Meanwhile, the remaining 20% can be claimed upon receipt. The initial unlock of 20% of the SUB rewards is expected to go a long way in stimulating the use of Subsocial’s network and its capabilities. While the parachain slot auction bid is a significant milestone, Subsocial has already distributed over 750,000 SUB tokens through the Dotsama token claim initiative. The project is set to hold the fourth Dotsama token claim round to hit the 1 million distribution target.
A good portion of the bitcoin supply has been lost due to holders dying or forgetting their private keys. These coins will never be recovered and are regarded as lost bitcoins. They play into the scarcity factor that drives the value of bitcoin up. It is estimated that 20% of the digital asset has been lost. These could technically still be recovered but it is unlikely since losing a private key means losing the coins held in the wallet. Since so much of the asset is lost, the rest remaining in circulation are more valuable than ever, especially given the limited supply of bitcoin. Sometimes, though, some of these wallets with BTC which have been regarded as a lost cause can be reactivated again. It could be the holder finally managed to find their lost private keys or they had simply been holding for that long. Related Reading | Institutional Bitcoin Open Interest Plummets, But Why? One of these wallets, dormant for eight years with millions in BTC, has just been reactivated and coins have moved out for the first time in a long time. Whale Wallet Activates A whale wallet holding 2,207 BTC has now been activated after spending 8.1 years in dormancy. Whale Alert reported the activation after the wallet began moving BTC out. 💤💤💤💤💤💤💤💤💤💤 A dormant address containing 2,207 #BTC (150,512,129 USD) has just been activated after 8.1 years (worth 294,287 USD in 2013)!https://t.co/a6EPxBbXd5 — Whale Alert (@whale_alert) November 10, 2021 The amount contained in the wallet was only worth $294K when the last transaction occurred on the account. Now, 8 years later, the value of the coins held in the wallet has grown so much that it is now worth over $150 million in 2021. One could speculate as to why the wallet has only begun to transact now but there could be a number of factors at play that could lead to such a long dormancy period. BTC falls to $65K | Source: BTCUSD on TradingView.com It could be that the owner of the wallet forgot that they had this wallet. It might sound impossible but could very well be the case. A more likely scenario would be that the wallet owner forgot their private key and could not find it for a long time. Maybe they were finally able to access the wallet in 2021. Another scenario could be that this is a case of diamond hands. There are holders who have held through thick and thin in the bitcoin market over the years and have refused to sell. This holder could be one of them. Whatever the situation, the reality remains that this is now a very rich holder and they may begin to take profits over the next couple of days. Inflation Announcement Sends Bitcoin Soaring Inflation figures for the U.S. were recently announced and the figures came out higher than previous figures. Inflation rates for the country currently sit at 6.2%, higher than anticipated. The growing inflation rates have been a concern for investors in the market. Sending them running to cryptocurrencies, which have proven to be an effective inflation hedge. Related Reading | Bitcoin Payments Card Are Coming To Asia Pacific, Courtesy Of Mastercard The recent announcement though spelled good news for the market. After inflation figures came in, bitcoin had rallied towards a new all-time high. This is indicative of investors putting their money into the digital asset to keep it from being affected by inflation. BREAKING: Inflation came in at 6.2% and bitcoin immediately ripped to an all-time high. The market is speaking. — Pomp 🌪 (@APompliano) November 10, 2021 Bitcoin had rallied above $69K for the first time on Wednesday, setting a new record before the close of the trading day. Featured image from Bitcoin News, chart from TradingView.com
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I see a lot of posts and analyses trying to predict when the peak will happen, and I understand it. Selling near the top and then ~ 1 or 2 years later buying near the bottom of the bear market looks like a common sense strategy but unfortunately it won't work for the majority of…
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Bitcoin has chosen violence with a sudden move to the downside resulting in a 5% loss in the daily chart. As of press time, the first crypto by market cap seems to be recovering as it moves back to the mid-zone of its current levels. Related Reading | Bitcoin Maximalism – Crypto Survivors and OG’s Could Make a Case to Differ Bitcoin trades at $65,442 still with a 3.6% profit in the daily chart. In the short term, BTC’s price has found support at these levels, but could see further downside if it dropps below $63,000. To the upside, much of the resistance has disappeared and BTC seems poised to, at least, attempt to take the high area near its next all-time high, $70,000. Above those levels, data from Material Indicators still records $62 million in potential ask orders around those levels. In the derivatives sector, Bitcoin’s flash crash resulted in some leverage positions being wipe-out. As seen below, the leverage ratio across exchanges took a dive after seeing an explosion in mid-October. These levels are still much higher than it May, 2021, when Bitcoin saw one of its most severe corrections crashing from its previous all-time high to the yearly open, near $29,000. Thus, as more traders turn bullish on BTC’s price recording more gains, the leverage ratio could increase. This leaves the market open for sudden moves as liquidation cascades forces the price to trend to the levels where most operators would sell, willingly or not, their positions. Related Reading | Bitcoin Extends Correction, Why The Bulls Might Take Back Step Analyst David Puell explored Bitcoin’s crash and recorded an increase in Open Interest with positive premiums on exchange platform Binance, one of the largest in the world. Puell Said: OI acts as fuel to to the fire to the above as predictor of a liquidation event. Liquidity can be grabbed on the downside by smarter players. Binance holding the OI makes the bearish signal more reliable. Liquidation event is likelier given that CME (Chicago Mercantile Exchange) can only go 2x. Why $100K Per Bitcoin Could See Some Obstacles However, as the event unfolded Puell recorded a shift in the premium for derivatives to a discount. This has made the analyst flipped for a completely bearish bias to believe the moved to the downside could have been healthy for Bitcoin. Still, the price of BTC must remain consistent as it seems to enter another consolidation phase. There are other factors that could bring volatility into the market, such as the activation of Taproot, Bitcoin’s upgrade, which should be activated during the week or at some point next week. Related Reading | Bitcoin Supply Looks Illiquid As Long-Term Holders Keep From Selling As this data shows, the path towards more gains in Q4, 2021, could prove difficult. In addition, the macro-outlook turns complexes. Yesterday, Bitcoin appeared to have reacted to a potential default from the Chinese real state company Evergrande. While it looks like #Evergrande didn't default as initially reported, these rumours have been affecting financial markets (S&P 500 shown here) and #Bitcoin negatively. Bitcoin's price is now down by roughly 4% to around $64.5k pic.twitter.com/NEIK9QP1wB — Jan Wuestenfeld (@JanWues) November 10, 2021
