I see it more like a falling wedge here with resistance being tested 8 times (one fail breakout). Which used to be a bullish pattern. And here we are with resistance being tested 8 times and support being tested at least 5 times. On 5m candles we can see how frustrating this moment is with price being smashed down just to be pumped back up, to give up and fall back down etc. With stoch RSI being at ATL (on weekly candles) ... never held that long that low ... maybe once?. With fear/greed index locked at extreme fear for 3 months. i feal like breaking support will not trigger much more sell-off. Investors are already scared. From 30k down to 27k maybe. Thats -10%. On the other hand. Breaking resistance will push us at least to 42k (+30%). Looks like bulls have much more to earn than bears, resistance was tested more times than support which makes me more bullish than bearish but its like 60:40.
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XRP/BTC (which implies that the price of the XRP somehow rely on the price of bitcoin)
They are economically conected due to triangular arbitrage trading: https://bitcointalk.org/index.php?topic=4444348.msg39704417#msg39704417But this connection is not as strong as it was few years ago when 90% of ALTs volume was paired with BTC. Today its not. All major altcoins are paired with USDT and USDT trading pair has always 3-10 times bigger volume than BTC/ALTcoin. This connection will be weaker and weaker in contrast to habits of people that are more and more convinced that alts fallow BTC. Are like BTC on small leverage without liquidation price. BTC price dump is not only thing resposible for alt crash. Its also BTC volatility during dump (-32% daily amplitude 19.05.2021). Low volatility on BTC makes daytraders trade altcoins.
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This is shocking to me to find only El Salvador on that list, thought we had more than this when we had some countries recognize crypto to be legal tender a couple of years back. Today you telling the world only has one to be legal...Afaik Countries such has Venezuela , singapore, Japan are/should be on that list if not then they are next in line.
There is a difference to be legal to trade, legal to obtain (most of coutries) vs being legal tender (El salvador only). Being Legal Tender means that every person that accept payments (every single merchant, hairdresser, restaurant ... everything) have to have BTC wallet and accept BTC no matter if he likes it or not because... Its a legal tender. If he does not accept BTC - he is breaking the law. "the act of tendering the payment in legal tender discharges the debt." https://en.wikipedia.org/wiki/Legal_tenderLegal tenders in El Salvador - USD and BTC https://en.wikipedia.org/wiki/El_Salvador
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Re: TLM Coin Pumping. Why?
TLM is pumping?? TLM is highly manipulated token (f.e. binance listing dump) with only 9% of supply in circulation with Fully Diluted Market Cap equal 2B$ - top 30 CMC - very high for no name shitcoin that no one is using... Its definitely not a good investment. If it grows now ... its because of pump and dump shame. Is tlm coin is good coin or not? Whole Cryptomarket is dumping. Bitcoin market is at 32000$ but TLM coin is still pumping what reason behind this Tlm is good coin or Dot coin or Neo coin which coin is best for long term investment atleast for 1 year?
NEO is dead. Smart contract platform that slept over all defi hype. There is no decent volume swap there. No one is using NEO now. DOT- overhyped coin that is priced way to high compared to what it has now to offer.
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"Lose your savings account password? Your fault." - whose else? you did not protect it well enought! "Fall victim to a scam? Your fault." - whose else? You send money to guy who claimed to send back twice as much! "Billionaires manipulating markets? They’re geniuses." - Manipulating market is harder than trading with small wallet. Manipulating centralized shitcoins with 90% of supply in hands of 1 whale is easy but investing/trading them is rather p.2 "Fall victim to a scam" because of lack of research
"Cryptocurrency is like taking the worst parts of today's capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions (eg. audits, regulation, taxation) which serve as protections or safety nets for the average person."
We see the worst part of today's "capitalist" system outside of crypto. Not inside. Full of corruption, fraud. Current monetary system is the biggest scam in human history.
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list named "Predict next country/region" where coinmarketcap community tries to guess the next country
Each user(*) has "up to" 3 votes. It's not CMC trying to guess, it's more like a guessing game. And that (*) was because most probably there are ways to cheat the game and get more votes if you "want to prove" anything. All in all, it has no value. I don't think that manipulating this ranking has any value for anyone. Its just fun game for users. I didn't said that CMC is trying to guess. I said that CMC community tries to guess. So far top1 (Paraguay) seems to be the most likely scenario. Get people vote them, if you think it makes any sense to spend time with that. As I said, manipulating this ranking has no value for anyone. I just think (my personal guess) that Nigeria, Philippines and maybe Cayman Islands are more likely than USA or India.
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Coinmarketcap has released a list of countries with crypto as a Legal Tender (only El Salvador at this moment) and list named "Predict next country/region" where coinmarketcap community tries to guess the next country. So far Paraguay is top 1 with 73k votes. Next Venezuela (53k), Anguilla (31k), Panama (15k). https://coinmarketcap.com/legal-tender-countries/I think that Nigeria should be higher than top 13 since its country with the biggest crypto adoption in Africa. Dunno what their government says about crypto. Same with Philippines (top32)
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I have significant doubts that people will pick up and leave their native blockchain to have it ran on bitcoin's.
I don't find it very likely this would happen. To be clear, I am not saying it couldn't. I just find it highly unlikely.
Projects are constantly changing native blockchains to open its own blockchain to wrap back to old blockchain to wrap on other chains. Like VET. Started as ETH token, than launched mainnet, then wrapped back to ETH when uniswap started to be popular, then wrapped on BSC when uniswap was to expensive to trade and people started to use pancake swap. Projects fallow hype train to stay on the water. Projects that dont fallow hype - sink.
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We are getting closer and closer to 16th token burn. Last time we've burned 1 milion coins worth close to 600 mln $. What your bet regarding this burn? I'm not super excited about this one. My bet is around 400 mln $ since volumes during this quarter were much weaker despite the 10-20.05 massive dump from 60k to 30k. Rest of they quarter was just 30-40k consolidation and whole market was going sideways with decreasing volume.
Taking that into consideration I assume that this burn will have little to 0 impact on price. We may pump few % few days before and dump few % few days after. Much bigger impact on bnb price will have BTC breakout (down to 25k or up to 45k)
Speaking of BNB ... as this is topic that is made to talk about it fundamentals... I must admit that BNB is not as good investment as it was before. We haven't see decent lauchpad/ lauchpool. APY from this activities changed from 100% to 2%. The only place where it is worth holding BNB is staking with 10-30% APY.
I'm sure that P/E ratio is still decent but impossible to calculate because of "accelerated burn" that was introduced during 14th burn.
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I'd have to question the data that's backing this up before actually commenting on it. For example, what exchanges are included, is the new decline an indication or either new exchanges taking some of the volume or are more people looking to use peer to peer exchanges, which probably aren't going to be included in a metric like this?
There's too many factors to consider, to be able to accurately determine what direction the price will go.
It is also worth to add that now futures volume is dozen times bigger than spot exchange volume. It was not like that before 2018. Its like 10x bigger volume. So i dont believe in "miners are not selling" or "1k+ BTC whales are not selling" only because they are not moving coins. It is possible that big farms already hedged whole 2021-2022 supply that they plan to mine in this year's with big short position at 60k. We don't know that. Same with whales. With 10 times bigger volume on futures and 1-10k BTC to dump i would rather open big short position using futures without moving price and than move my coins and close hedge.
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Sold it already. For 10,000 KCS you hold, you are estimated getting 3.83 KCS for each day. Not a bad offer, isn't it?
3.83 KCS for holding 10 000 KCS is exactly 15% APY if you auto compound every day. That's fair deal as long as reward comes from project profit not from newly minted coins. How is it with KCS? To compare this you can have 10-30% staking BNB on binance chain. Your profit comes from fees only since BNB is deflationary coin. Back to KCS. I bough a little after Kucoin hack when I saw how amazing they were fighting with hacker. It was 500 mln $ hack. Most of exchanges would go down. Kucoin cooperate with most of projects, blocked majority of founds and cover the rest from insurance. Its a decent exchange. But now... at 13$ ... I think its good time to take profit.
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Looks like in the end of the day bitcoin will be the only thing we need and all altcoins (ETH included) are only test fields to test various scenarios and use cases. This is 3 month old article. Wonder why it was so quiet about that. We were in bull run that day breaking 60k.
I also wonder why no one talks about taproot implementation that will be activated mid-November 2021. Everyone is so excited about finex whale, Elon Musk, Michael sailor, "Wyckoff patterns" that people forget what its all about ignoring fundamental improvements of bitcoin.
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In fact, at the present time uniswap v3 has no rivals as defi / exchange on the eth blockchain the only two that could possibly stand up to it are aggregators that are zapper and 1inch it became like PancakeSwap for bsc, congratulations to the developers
Zapper? No one is using it .... 1inch? Its not swap ... its aggregator of swaps. In fact, at the present time uniswap v3 has no rivals as defi / exchange on the eth blockchain the only two that could possibly stand up to it are aggregators that are zapper and 1inch it became like PancakeSwap for bsc, congratulations to the developers
Uniswap was the biggest dex even before v3 being launched. And is now that big compared to other dexes (out of ETH - like pancake on BSC) anly because market crashed, volumes crashed and ETH gas fees went down from 500 to 24. As soon as we will see more trading volume, gas fees will go back to 500 and people will continue to migrate to bsc and other less decentralized, faster, cheaper solutions.
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https://biswap.org/poolslaunchpoole na samym początku jak są otwierane to dają bardzo wysokie apy tereaz jest na poziomie 2000 % wchodzą mocno w BSC i token stosunkowo tani więc ryzyko do zwrotu bardzo korzystne edit - te 2000 % apy jest takie dlatego że kalkulowany jest compounded interest bo nawet w świecie crypto 2000% apy brzmi zbyt pięknie by było prawdziwe ( prżeżuciłem z poola bsw do autocompound bsw ) Odradzam i przestrzegam. Token nie jest tani, bo nie znany jest circulating supply a max supply to 700 mln tokenów, co umieszcza token nikomu nieznanego swapa, który nie jest listowany na CMC ani coingecko (listowany jest tylko token a nie swap) w top 100 CMC. To drogo. Żeby te lauchpady dawały takie zwroty, to ktoś musi chcieć je odkupować od tych co farmią,a coś mi się nie wydaje, by wiele inwestorów śledziło obecnie shitcoiny na taką skalę i kupowali lauchpady na nikomu nie znanych swapach. Skończy się rug pullem albo "ups mieliśmy szhakowany smart kontrakt", "ups, flash loan". Równie dobrze można zagrać w crasha na jakimś krypto kasynie. Też będzie rosło aż w pewnym momencie pęknie i będzie 0. Taki przykład na przykład: https://coinmarketcap.com/headlines/news/autoshark-finance-is-the-latest-victim-to-the-third-flash-loan-attack-on-binance-smart-chain-in-a-week/Cena spadła w ciągu 1 chwili z 2$ na 0.05$ (-97,5%) według artykułu, według dex.guru z 1.2$ do 0.006$ (-99.5%)
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@amishmanishi I pretty much agree with you post except this: There is soooo much vaporware that if a project shows even a little bit of progress in terms of launching a website, managing a community and having an active TG/ Discord, that is generally enough to increase the price in the bull-market.
Here you state that even a shitcoin can pump if it take care about community and pretends to be doing something, while here: Then start following a few projects that are sincere about the "financial innovation" aspect. Being part of the community in actual projects gradually opens up other opportunities.
You suggest to fallow few project that pretends to be doing something and become part of community Even shitcoins can do it right? I don't fallow pump and dumps, i don't follow shillers "AKA crypto youtubers", I don't try to find "new ETH, new BTC", I call all altcoins "shitcoins" except maybe 5 coins that were good investment before this massive alt season. Now everything is way overpriced.
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They don't really. They are just affected by what bitcoin is doing. If bitcoin price is changing they always get dumped. And whenever it is stuck in a fixed price like these days the shitcoins start pumping simply because there is no profit to be made day trading bitcoin at a fixed price like 34k but a lot of profit to be made in shitcoin pumping and as soon as bitcoin starting moving they dump those shitcoins and come back to bitcoin; which is why altcoin always dump when bitcoin moves.
When BTC goes up Alts on the BTC/ALTcoin chart dump but On ALTcoin/USD they go up ... just not as fast as BTC do. Depends on market condition. My post was not wrong either. When I expect high volatility on BTC very soon (like the day when I wrote my post) I call TA on altcoins useless. As we see today, BTC broke support and everything is -10%. If something did not drop means it is not actively traded. If BTC would pump 10% alts would pump at least 5%.
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Musk does not engage in direct advertising and does not call for buying coins.
YET McAfee was not shilling to buy coins at the beginning too. When you compare both of them ... question is ... is it better when someone use his power to earn on pumps (MCAfee) or you do it just to laugh from people that are not smart enough to avoid FOMO into projects like cumrocket. And how would you call tweeting about DOGE all the time. Promising to "take doge to the moon", Lying that he is talking with DOGE devs about improvements (DEVS denied)
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