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Hi, fellow Bitcoiners and Traders!
Hope you guys are doing great and having fun with your crypto trading journey, I was thinking after my last post this section lacks some fun, so there are no Fact nuggets haha we can discuss that somewhere else.
✔️ Post your latest market thoughts with memes. ✔️ Make some of your own comments too. ✔️ Keep this Thread on trending.
Note: I will wait for the community reaction on that Please follow the trend as must post some memes and within the same post, you can give suggestions or your point of view on topic. If this thread keeps trending on 1st page for a week and there's no spam with good posts & memes I will change a few things here.
I will create a community reward pool for small appreciation to good posters, and from my side, there will be the first small contribution fo X amount for the rest and upcoming weeks If the community supports we will keep having fun, discussing, and reward distribution by joining hands. I will update the thread in proper format if we get some good pieces of reaction and posts.
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I do believe that we are somewhere at the end of our first phase rally and I want to ask what you guys think about the market from the current level, as far I speculate in my view we are now in a trap zone and the market is for sure gonna be in critical zone after 21 to 25 days. In more description, according to my analysis, we are gonna stick to a zone of 87.5k to 108.5k for a long time if the market doesn't hit a new peak in the next almost 20 days.
With the end of January if bitcoin doesn't hit a new All-Time-High any cross-testing form these levels will get rejected. Obviously we are hopeful for the next wave but I'm kind of curious how do you guys thnk about the market in which direction we are heading (Consolidation over 4 to 6 months, New All-Time-High or a Dump to shake emotions below 85k).
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Resistance In Crypto Market & Its Types - (Newbie Guide Series) Hope all are doing well, I know everyone is enjoying the current market rally but the market price is not breaking through a significant range so I will try to explain why to the new ones in a very simple concept. Hope so you'll find it informative. OverviewSo as we all know the market is on the $30K and it's testing this range for a certain period. The reason why the market is not making the breakthrough through a point is the resistance in this range. So what is resistance in the crypto market? The resistance Level / Resistance range in the market is a particular price range that the market finds difficult to surpass you can say in simple words that it is the barrier in the market price flow. So this is the basic ideology of the resistance in the crypto market. There are a few types of resistance in the market Generally there are only two types but the subcategories are also included in the topic so let's understand them one by one. Psychological ResistanceThis is the type of resistance haha, this is not my style --sorry--. So in simple words, the concept is whenever the market faces a repeated rejection from a particular level that resistance is considered as Psychological Resistance with time. To make it more simple for you, it can be considered as let's suppose the market made ATH a price X and then started falling after a particular point back and came to the same level now as investors know this was the time high and a maximum of the investors made their investment in the market to make a profit at least close to ATH and the market is already now on ATH this point is the point of exit for those traders and investor investors because their phycology that market will drop again from that point or some of them might think why to take more risk I am already in profit so lets book. This type of investor attitude and market traders' sentiments creates psychology and psychology becomes the resistance and now you all know what is Psychological Resistance. Technical Market Analytic ResistanceHmm, this is what every trader knows because, in the market analysis, the first thing a trader analyzes is the market trend and its support and resistance levels. Technical market analytic resistance is basically the resistance that we analyze on the basis of markets' previous trends and behaviors. i.e.: As the market is $30k now we will create a trend line and we will try to figure out how many times from this range the market got rejection while making a breakthrough if we found the relevant market behavior we consider it as the resistance level in our technical analysis. The strength of any resistance range depends on the historical similarities if there are few similar trends in market behavior than the resistance level is weak and vice versa. So this is the whole story in short with the technical analytic resistance there are a few sub-types of the resistance level depending on the type of analysis and indicator we are using so I will not boor you with the theory stuff the names are given below for better understanding I am going to add the Charts from where you can better understand their concepts and working. ⚫ Trendline resistance
⚫ MA resistance ⚫ Market Cyclic Behaviour resistance. Note: So this was a basic overview of the resistance in the crypto market, the images taken from internet sources are given and the data explanation is on the basis of my knowledge base and experience, the wording is my own. You can visit my previous topics on the newbie guide for more interesting topics related information.
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Tips for Descriptive and Sentimental Analysis (V4) Hi, dear Community so here in this part I will cover the things related to trading analysis with some recommendations that new ones should consider in their analysis and my tips as well regarding the Descriptive analysis and Sentimental analysis. Next part Links 1. New to Trading - Tips and Suggestions (V1) Getting Started Full Guide 2. CEXs vs DEXs & Spot vs Future - Tips and Suggestions (V2) 3. Analysis & its Types - Importance of Analysis in Trading (V3) 4. Tips for Descriptive and Sentimental Analysis (V4)
Table of Content ► Descriptive Analysis ► Sentimental Analysis
Descriptive Analysis A small overview of the Descriptive analysis has been already covered in my last topic you can check it out there. I would like to explain here how you are going to do a descriptive analysis for your investment and how you are going to check out the market sentiments this topic is going to be posted on the basis of my personal experience and learning. So let's start with descriptive analysis. The first tip is to check out the tokenomics of the asset in which you want to invest. Tokenomics: In tokenomics you need to check out the current supply and circulation supply of that asset then compare it with the maximum supply and total supply of it. Then check out how many shares of the total supply the team and venture capitalists are holding after getting an overview of it you will come to know how much value your investment can be for the project and how much is the potential of the token. Market Value in Specific Timeline: After analyzing the tokenomics you need to check out the performance of the asset in history here I will recommend checking the All time high and All time low first then analyze the last historical movement in any specific timeframe this will help you to create and average buying price and checking about the potential of the profits you can make. Recent & Upcoming Events: Here to check out the recent and upcoming events you can read their roadmap or white paper. In the recent and upcoming events you need to know if is there any asset supply unlock or collaboration ongoing in a project which will directly impact the market value of the asset in the current time and future. Market Capital and Future Possibilities: Market capital is the total amount of money invested in the asset and this will greatly help you to determine the reliability of the asset. Project ecosystem future plans and upcoming developments on the project greatly determine the future of the asset you should need to educate yourself before investing in the ecosystem of the project and its upcoming plans. That is all the basics you need to know with descriptive analysis, descriptive analysis is the most important analysis before the investment even more important than the technical analysis. With a good descriptive analysis you can achieve around 65% efficient investment in the crypto market in a large time frame on the same time with technical analysis you can take short-time trades easily even without descriptive analysis. I would recommend my new fellows focus on complete descriptive analysis for the Hold/long-term trading. There are various platforms where you can get basic information on any asset as CMC, and Coingecko both leading asset-tracking platforms.
Sentimental Analysis I have already covered the sentimental analysis basic overview in the last and sentimental analysis is all about fear and greed in basic terms I have covered everything about fear and greed in my local post so I am quoting that one here I think all the necessary information and tips are covered in that post. Fear & Greed Index Bull & Bear Market IntroThe fear & Greed index, this index is the collection of social, psychological, and macroeconomic sentiments which show the market ratings according to recent all these sentiments. This value can help new users to make their entry and exit points analysis very easy. If anyone who is new to crypto and wants to invest in can use this technique and it can be considered the most efficient way to invest and make a good profit. The fear & Greed index particularly has 3 main regions Green, Orange & Red according to the colors Greed areas show the market is greedy and orange area shows the market is neutral, and the Red one shows that the market is suffering or in fear. For Example, check these images below...Greedy Neutral Panic How to decide the entry and exit points in the Fear and Greed IndexActually, If the market is in the red region it is clear the market is panicking and you can take entry into the market for long-term investment plans I would recommend starting investing from 25 to a downward rating as much as it goes down the more valuable entry you can have. Distribute your portfolio never go all in and make split positions. Go with DCA in the Fear market. On the Rating of above 70+, you should start booking your profit as it's the best way to make good profits because in crypto you never know ATH and ATL. so never book 100% of your profit there too go with split profit booking. Today's Market Sentiments
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Importance of Analysis & its Types - Tips and Suggestions (V3) Hi, dear Community so here in this part I will cover the things related to trading such as trading analysis and types. Based on my experience I will try to cover it as easily as possible. The importance of analysis can be considered after going through the details given below. I Next part Links 1. New to Trading - Tips and Suggestions (V1) Getting Started Full Guide 2. CEXs vs DEXs & Spot vs Future - Tips and Suggestions (V2) 3. Analysis & its Types - Importance of Analysis in Trading (V3) 4. Tips for Descriptive and Sentimental Analysis (V4)
Table of Content ► What is Analysis & Analysis in Trading Market ► Why Analysis is Important? ► Types of Analysis Explained ► Tools Which can Help in Analysis What is Analysis & Analysis in Trading MarketAnalysis, the term defines a person who is an analyst who is trying to figure out some sort of solution and valuable information from a large set of data to create a useful decision and then deploy that solution for different purposes. ►So coming up next to analysis in any type of trading market analysis helps to understand how to proceed in the market. Taking a simple example for explaining how analysis works consider I am new to bitcointlak and I don't know anything I will o through different sections but I can't understand what going on then I will calm down my mind up then I will try to find the basic information required as How to Use Forum? What is this Forum and its Working? and What type of service it provides? and what are the Rules here? After all this I will know what to do and how to do it. If I don't analyze the forum and randomly post in any section it could result in a violation of rules damaging my reputation and loss of value (Reptation, Trust Bad Impression). Similar to this Analysis in any type of market helps to understand the foundation of the market, Market behavior, market basics,s and How to proceed.►In any type of trading market or any field of life, the analysis should be our first priority before performing some action it will increase the efficiency of the results. Why Analysis is Important?Generally, I have explained the analysis importance above but that is a bit off-topic and just explains the term analysis and its basic importance now here I will just explain its importance in the trading market and its benefits. Trading market Analysis Helps you to understand the market strategies, and market behavior and provide you with a mindset to make decisions. A risk trading market such as crypto requires good analysis to be successful, During analysis In the crypto market you understand the behavior of the particular asset and you evaluate some figures, and then review the history of the asset. After doing an analysis it helps you create your own strategy that you should invest, trade, and make good profits. The analysis is extremely important to trade because if you don't consider the analysis of any particular asset before investment it can cause severe losses as a person new to trading in the crypto market and jump into the market and invest in an asset that is not in demand and poor fundamentals and Reputation because he didn't consider the analysis he didn't know these things before and now he is going to bear the loss. ► Analysis increases your understanding of the market and assets ► It helps in Decision making ► Analysis Improves the efficient of the Results ► Analysis helps to control emotions while trading or investing Types of Analysis ExplainedThere are different types of analysis on the basis of data and your working model such as Descriptive, Prescriptive, Predictive, and Diagnostics with their value. But as we are here just Discussing the Trading market and specially Crypto Trading Market so in the crypto trading market, there are 3 common types of Analysis; ► Descriptive Analysis ► Technical Analysis ► Sentimental Analysis Descriptive Analysis is the type of analysis in the crypto market in the analyst or trader uses to go through the basic information of the assets such tokenomic of asset, Demand & Supply, Historical data such as ATH (All Time High) and ATL (All Time Low) and value of the asset in the particular timeframe or current market value. We can keep on adding things here but our priority is to understand the topic so in Descriptive analysis we go through all the descriptions related to assets. Technical Analysis is the type of analysis that plays an important role in trading in the crypto market in any timeframe. Technical analysis includes analyzing the assets on the basis of their historical patterns and behaviors of the assets. Analyzing Onchain available data and predicting the future market value. In technical analysis, we actually try to predict the future market value of the assets by using different approaches. The market behaves similarly in Similar conditions and rebates its patterns. Technical analysis involves analyzing the Relative Strength Index RSI and Moving Average Convergence Divergence MACD etc. Sentimental Analysis involves analyzing the investor's sentiments in the market and then predicting the future behavior of the investors. Sentimental analysis is based on the market trend, News, and Recent Developments. In this type of analysis, User Simple analyzes the behavior of the other and then responds in the market according to the analysis done on others' strategies. Tools Which can Help in Analysis I have already provided some useful tools in my first topic you can visit for the links to the tools. Market Tracker: Helps the user in tracking current market value and provides easy access to descriptive analyses such as CMC and Coingecko. Fear and Greed Index: It helps in sentimental analysis by providing the score on the basis of market updates, investor behaviors, and market trends. The score is dived into 3 zones Red = Market in Pressure (BEar Trend). Yellow = Market in recovery mode or naturally moving (Neutral) and Green = Greed (Market is at its peak and highly Bullish). Tradingview: Helps in Technical analysis and provides indicators, and tools to easily analyze the market. A lot of tools and Applications can be recommended according to the user's need and the most commonly used are given in my first topic you can visit.
This topic is based on personal experience and information I can be wrong but the information provided here is to guide and provide a general overview to the new ones and recommend them with some tips. Put your valuable feedback below. Upcoming Topic: Tips for Descriptive and Sentimental Analysis (V4)
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Centralized vs Decentralized trading platform & Spot vs Future Hi, dear Community so here in this part I will cover the things related to trading such as trading platforms and types. Based on my experience I will try to cover it as easily as possible. Next part Links 1. New to Trading - Tips and Suggestions (V1) Getting Started Full Guide 2. CEXs vs DEXs & Spot vs Future - Tips and Suggestions (V2) 3. Analysis & its Types - Importance of Analysis in Trading (V3) 4. Tips for Descriptive and Sentimental Analysis (V4)
Table of Content ► Introduction of Trading Platforms Centralized & Decentralized ► Which is preferred for New ones and Why? ► Introduction of Spot Trading & Future Trading ► Which is preferred for Newones Introduction of Trading Platforms Centralized & Decentralized Centralized Trading platforms are the type of trading platform which are controlled by a particular organization and the user's funds are in the custody of the organization. Centralized platforms provide a vast range of features. The centralized trading platforms provide the marketplace, security, and registered assets for trading. In centralized trading platforms, the central authority of the platform had control over the Order book, Users' assets, Users' private information, and complete trade execution. Binance is the top crypto market leading centralized trading platform, which allows its users to trade securely between the registered assets and provides the best environment and several other features. Binance allows both Spot and Future trading. Binance provides the nonself custodial hot wallet to its users where they can store their funds. Decentralized Trading platforms are the digital marketplace where no central authority is in control and the trading is executed between the person to person, This type of trading is based on the open source automated blockchain smart contracts where AMMs, DAO, and liquidity providers create an environment for easy, secure and decentralized trading. Decentralized trading platforms have many upper hands on the centralized trading platforms major one is funds as self-custody. Uniswap, Panckeswap, and 1inchswap are some leading decentralized trading platforms that are open-source automated blockchain-based smart contracts. These decentralized trading platforms provide all the similar features to the centralized trading platforms even some better DeFi services such as lending borrowing, yield farming, and high APY Staking. Decentralized platforms cost a little higher in trading fees and funds are in your custody. Which is preferred for New ones and Why?I would recommend using a centralized trading platform there are a few reasons behind preferring the centralized platform for trading peruse. Centralized trading platforms provide high security to the funds and if the user manages well on his end the security is enough to block serious hacker attacks. On the decentralized end, you are responsible for the security of your funds and I think as we are to trading and crypto we are currently not able to secure our funds. Centralized trading platforms provide verified assets to trade but on the decentralized end, anyone can add trading pairs which are not good for new users as they can get spammed by the spam pair and fake tokens which will be worth nothing. Centralized trading platforms cost low trading fees even sometimes negligible but on the decentralized, as you are directly interacting with the blockchain it will cost accordingly to the traffic on the blockchain and it will be always much higher than centralized trading. So as I am preffring a centralized trading platform for the new users the only reason is security and trading fees, our capital on initial time is small so will try our best to reduce the costs. Decentralized Finance and Trading platforms have much much to offer to the community but we can do it after getting some experience. Introduction of Spot Trading & Future TradingSpot Trading is the type of trading in which the user buy and sell his assets at the market price on any trading platform. In this type of being and selling the buyer or seller sell the assets on the market value and in order book simentneiously trade is executed. In the spot, there is a real-time exchange of assets. Spot trading is available on both Centralized and Decentralized trading platforms. Only 1-way trading is possible on the market value. Future Trading is the type of trading in which the user can go with the Long and Short trading call where the user goes with a trade on the future contract price. In future trade in the crypto market user can take leverage on the funds and trade with high risk on future contracts. In this type of trading the trade is executed on the future time of some asset and predetermined price. In this type of trading, you can go with 2-way trading. Major Differences are as follow;► Time in spot trading trade is executed in real-time and in the future as per name the trade is executed in future time. ► Value, In-spot trade is executed on the current market value, and in the Future the trade is executed on the predetermined future value of the asset ► Spot trading involves low risk as trade is executed with the own assets and current market value it involves low risk of loss because there is no liquidation of the funds but on another hand when you trade on leveraged funds and the futures contract there is a high chance of trade liquation of funds if it goes wrong, also future market value prediction in crypto is not efficient at all. Which is preferred for NewonesI will prefer Spot trading for the newcomers as they don't know much about technical analysis and they have minor experience with trading in the crypto market also they are short In funds so we can't risk the funds. In spots as we trade on the market value and there is no liquidation on the assets. I know in future trades you can make fast money and easy money but it's highly risky and we can't afford the major losses at the start of the journey. In some spots we can go with any type of trade with our small funds and in the future is not possible we can't hold our trade in the volatile market for a long time due to the liquidation price. Also, there is the concept of the Halal and Haram involved in the future trade so I will prefer my Muslim friends to research it as there is interest involved in long-time-frame future trade. Our first step is earning good and risk management and currently, both are not possible with the future trade on the being level. Upcoming Topic: Analysis & its Types - Tips and Suggestions (V3)
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New to Trading - Tips and Suggestions (V1) Getting Started Hi, dear community, I am going to start a small series of posts around 3 or 4 posts where I will guide newbies on how to trade what are my suggestions and types of trading etc. This topic is gonna cover the following things; Table of Content ► Types of Trading ► Nebiew to trading which trading should be chosen? ► Recommended Apps & Tools ► My Recommended Trading Plan For You Next part Links 1. New to Trading - Tips and Suggestions (V1) Getting Started Full Guide 2. CEXs vs DEXs & Spot vs Future - Tips and Suggestions (V2) 3. Analysis & its Types - Importance of Analysis in Trading (V3) 4. Tips for Descriptive and Sentimental Analysis (V4)
Types of TradingTrading type can be divided on the basis of the time frame and on the basis of the trading approach or you can say that trading nature. Trading by nature/approach: In this type of trading we decide our approach that how we want to trade using our own funds which is called spot trading. Trading using future contracts and taking leverage on our funds is called future trading. These two are basic approaches we use in crypto trading and I think the basic overview is enough. There are different types of markets (Crypto, forex, stocks, etc)where we can trades but the basics are the same in every type of trading market such as patterns, and time frames, the approach of analysis. Trading by Time frame: On a time frame basis we can basically divide the market into 4 major categories and each category holds a completely different trading strategy and requirement to start so let's start the types are Day trading, Scalping, Swing and Position Holding. ▸Day Trading: Day trading is the most common time frame for trading in the crypto market, I will recommend this type of trading to intermediate-experienced traders, In day trading with spot market trading you can start with even 100$ and it's not a big amount in my view for getting started will a side business. ▸Scalping: Scalping is a type of trading on the basis of the time frame in which multiple trades are done in a short period of time this type of trading is approached by big investors and experts, I will not recommend this type of trading to the newbies. Also, the requirements are high as I mentioned that it is targeted by the big investors so if you really want to join you need big capital and good analysis and experience. ▸Position Holding: This type of trading is based on a long time span such as holding the trade from weeks to months this type of trading is also known as Investment holding. This is the most preferred type of trading for the newbie who is completely newborn and doesn't have much time for analysis and learning the technical stuff. They can simply do a quick overview of the market and then create their own strategy for trading such as DCA and in-type. You can start it with most minimum capital required even by 1$ per day to maximize whatever you have. ▸Swing Swing trading is based on the time frame from holding a posting from a day to a week. I will recommend this type of trading to newcomers as they can gain experience in this type of trading with lower risks and lower initial capital even with 20$ to 30$. You can learn all the technical analysis and how to use tools using this type of trade its slow but non-risky. Ending words You are a newbie and you have small initial capital you have no experience my first recommendation to you is to go with the swing trading time frame which can be a good option for you in spot and demo for gaining experience after that you can directly jump into any type of trading except Scalping, I will not recommend scalping to you as it's for the most experienced and High capital holders so we can go into it after 2 to 3 years experience qualifications. Nebiew to trading which trading category should be chosen?Here from the trading category my concern is related to platform and investment approaches such as centralized or decentralized, spot or future for the frequently asked question such as why should we choose CEXs or DEXs? and Why should we prefer spot trading? what are the risks? all these questions I will cover in the next part of the series as mentioned at the end and I will add a link to the topic at the end once I created it. So moving onto the main concern I think we are doing it all for the newbies so I will refer you to work with a Centralized trading platform and go for the spot trading. Why and How all such type of explanation I will give in the next part? So our primary concern is we will use a centralized trading platform and Spot trading to gain experience after that we can switch freely. Recommended Apps & ToolsTo trade efficiently we need some tools and applications which will help us trade so I will recommend some applications and tools that will help newcomers in trading. We need quick updates and News, we need to track market values of assets from time to time we need tools to analyze assets' potential we need a platform to trade. Here I will directly recommend links and APP names with a small description ►Trading Platform: I will recommend Binance for getting started with trading as Binance is the leading crypto trading platform with a variety of features. as I have already mentioned it's another topic that you should not use centralized platforms I will explain it next topic. ►Economic Calander: This is very important to get updated with the upcoming events so we can design our strategy for trading in the coming days I will recommend CoinMarketCal and CryptoSlate. ►Market Tracker: Market tracker is very important we can use Binance also for tracking volume and prices but a dedicated tracker is important it comes with a lot of additional features and I will recommend Coingecko and CMC both are good but I will prefer coingecko. In the tracker you can directly manage your total portfolio you can track PNL and loss in each and every single transaction you have updated. ►News Source: This is very important as news and updates put a major impact in a small time frame market and you can use individual social media for every asset. I will recommend following Twitter crypto influencers also Crypto Panic. other sites and tools direct links► https://www.coinglass.com/► https://messari.io/► https://glassnode.com► https://cryptopanic.com/ My Recomended Trading Plan For YouSo diversification of the funds is very important in trading I will try to help you by providing an overview of the fund's management which can help you in trading. For that let's consider you have 100$ and you want to start trading you are going with scalping and Day trading, I will recommend you diversify your 100$ and use 40% of the funds and take 4 trades a day or week for the trades and 25% for each trade form the 40% funds, Hold 30% in stablecoins for the emergency such as sudden dump in market. use the remaining 30% of the total fund to recover losses in the trading funds. Keep it simple never go all in starting time book a small profit to gain experience and after that, your journey will boom InshaAllah. Rest of the things I will cover in the coming posts and in the series. The analysis is very important for trading and in 3rd or 4th part I will try to cover up the Analysis and its types in detail. It might take time but I will try my best to post one daily 1 part to end it in the current week. ► Upcoming Topic (New to Trading - Tips and Suggestions (V1) CEXs vs DEXs & Spot vs Future)
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Last week I faced a very weird problem with my hot wallet and the problem was my own created anyway in this topic I will explain the problem which I faced and then I will suggest some solution which is possible in similar cases that might help the newbies. For my problem understanding you can visit my topic Need Help & My advice after this incident! Metamask extension. So while searching for the solution I learned many new things which might help you to recover your key or seed, YYoursituation might be different so I will explain different situations and solutions Actually what happened was quite weird, So My browser got auto-updated and my all data was lost including my Metamask Extension. After that, I realized that I haven't backed up my key. So First I tried to find the restore session of the browser profile but unfortunately, after finding it I realized that it didn't work. I will explain solutions and cases. case 1: You have your Extension but You Forgot the extension password. So, in this case, you lost your password and you have no backup to recover your wallet, in this problem you can recover your seed there is still a possibility to recover your seed and key. Note: This won't work on android. Solution: In this situation, if you have any hind about your password you can use tool this might work for you to unlock your vault. Case 2: You don't Have extension Data and Didnt back Up your keyThe Situation is agitated there is 50 50 of recovering your wallet if you want to recover an account added below another account such as You can recover your account at least there is hope. But it must satisfy these conditions. - Account Should not be imported
- It should be created under Main account Seed
- You Must have the Main account seed
If Luck is with you then dear with the seed of the Main account you can recover your wallet as it's created under the same seed. If you don't have a main account seed too then bro nobody can help you in this case. Case 3: Your Window Crashed and You Have a backup of your browser extension data In this particular case the condition which should satisfy is - You Must be using Chrome Browser
You can recover your wallet exactly by replacing the new browser profile for that you need to follow Support Turtorial in this method we will use Vault extraction and decryption instructions from the support. You can follow some Youtube videos for manual extraction if you are facing any issues.
I know Mistakes happen sometimes but remember you really can't recover your wallet in any other way there are just a few things you can do if you are lucky enough then you can get back your Wallet. Back-Up your wallet always because things never go in your favor always, if your case is different you can ask the support team of the wallet you are using but the chances are low in other cases. I will recommend to if you cannot recover your wallet then be calm and take it as a lesson for the future it can be your motivation to rise again. In my situation, by luck case 2 worked and after that, I immediately backed up my all wallets and rechecked again if any were left. If you know any other methods then please share as this thread is particularly created for helping the victims.
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Fall of the Banking system is actually the Rise of Bitcoin The traditional banking system is about to end and there is no doubt about it. One after the other the banks are daying on their own doing. The failure of the banking system can arise a new Chaios in the financial market and it's happening from the start of 2023. The recent incidents attracted many analysts to propose a new solution to the financial crisis and their ending solution for each problem is Bitcoin I think this can help us in many ways. Finally, with Bitcoin the worst-interest banking system will come to end, USD was considered the universal currency which is the root of all the problems currently we are facing. Let's learn first the basic point of how BTC is the best solution. How Bitcoin is the Best solution- First, the replacement of the USD when any country will propose its own currency can start a big conflict between major nations and the consequences of that battle are not going to be good. Bitcoin is a totally decentralized asset under nobody's control so it can prevent the above crisis.
- We have already seen how USD destroyed the Small nation's economies as their first mistake was using the USD as their reserves now US government recently announced printing $2T again and for a long time US government is printing money for no reason blindly and they are ignoring the future consequences for the solution of current problems. Bitcoin BTC has a fixed and limited supply so it can prevent the devaluation of the assets.
Considering just these two basic points we can say that it's the golden time for the Bticin to shine in this Bull run and become a true store of value and global currency. Bitcoin can rise upto the $1M valuation in 3 Months this is the theory presented by the BalaJii and I think it's not that easy but still it's possible till the end of this Bull Run with huge developments at least BTC can set it as a base goal for next Halving. But HowBalaJii .. this guy has explained many points but in my view, for the coming days, Bull run his theory somehow justifies some base points. such as; - Bitcoin market was under pressure for a long time due to CPI and Intrest reports even the whole stock market was under pressure due to the last few moth economic developments. But now if the US government stops increasing interest rates in the next months the risk investment markets especially Bitcoin will attract investors for future opportunities.
- As US government decided to print $2T and also update it on the Balance sheet which is indicating Quantitative easing in the coming month where a major part of this easing will be going to be part of the Crypto market and China has already announced Hong Kong official Trading Hub for the crypto market from the month of June
- banks Actually lost the confidence of the customers/users as after a few months back developments I am not sure that my saving is safe in banks and even its continuously devaluating so I will definitely prefer the alternatives and Crypto is the best option is not just a thing to say in reality now people are clear where they need to store their assets
Concluding the reports, analysis, and current economic situation I think now Bitcoin value dream of a trader to $1M has became a living reality its not far from us but still, there is time, but I am not sure how much. Balaji Thread is good but his timestamp seems weird as I don't think in just 90 days these developments are possible. Note: This topic idea is after reading the twitter Thread and all the points discussed are based on my personal views so i might be wrong.
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Hi dear Community, Hope so you all are doing great, so first of all let me explain my current problem I am using the Firefox browser on Windows 10 and unknowingly it happened to me. I was using the meta mask extension for the regular transactions in my wallet but that meta mask account was created under an already created account and unfortunately I didn't back up my meta mask added account key. Today my Firefox browser updated and when I logged in again to my firefox there was no extension previously I was using. I was directly accessing my wallet from the browser with a password in the extension. I have a backup of my previous Firefox default profile but I don't have the key to log into meta mask again. This is my biggest mistake I didn't back up my private key as I wasn't expecting this type of mistake from myself but you know luck was not by my side. Well, I tried to recover the data of the previous profile on Mozilla but it didn't work Metamask asked me again to import the account with seed and as I don't have both of these things I can try to find out Seed as it was just a raw wallet I didn't focus much to protect it but I remember when the first time I installed in browser a few months ago I backed-up my key. Now is there any solution to get back extension data and log in to meta mask without a key or seed all I had currently is the Browser backup profile with some bookmarks and extension files data.
Well, I know the fault but I was not expecting a loss of extensions data after the update, so as a result now I will put double attention to the newly added account to export their keys. I am not 100% hopeless as still have previous session data and maybe I can find somehow the primary account seed if there is any possibility then please guide me. Tip of the Day- back up twice your Added account private key.
- Don't trust the durability of the Extension data.
- Never Leave for the Next day.
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Role of Bitcoin as Monetary Policy But things are changing now. Bitcoin, we all know still a small introduction: Bitcoin is the decentralized public ledger-based P2P digital payment system created by Stoshi Nakamoto back in 2009. Monetary PolicySo before discussing the role of bitcoin as the monetary policy let's take out a quick and easy overview of the monetary policy. So monetary policy is the actions or policies taken by the central authority, central authority can be the government or the Central Bank / State Bank. In monetary policy, the central authority controls the growth of the economy using different tools. In the financial market, the central authority imposes monetary policy to control the Supply of Money and Interest rates. All of this is done to stabilize the financial market and the growth of the economy. Central authority is responsible for the unstable financial market, inflation, and any type of crisis related to the economy. The crisis may be less borrowing and spending due to the wrong monetary policy of the central authority by imposing high interests and monetary policy directly affect the economic growth within the country or organization. Role of Bitcoin as a Monetary PolicyBitcoin is a decentralized asset and we all know that it is a potential medium of exchange. We also know that Bitcoin is the Future Store of Value. Let's see how. The Bitcoins Monetary policy allows bitcoin to be the most potential Future digital store of value can be known as the (Digital Gold). Not only Digital gold more than anything we need to be financially free. - Fixed Supply
Bitcoin has a fixed supply which ensures that Bitcoins monetary policy is perfect and secured in the long run from the point of view of the store of value. Time to Time inflation due to excessive supply is perfectly managed in the Bitcoins monetary policy.
- Controlled Circulation Supply
Control of supply for the stable growth of capital is a very important tool of the monetary policy and we all better know that the Bitcoins supply control model is well established by the algorithmic event called BTC Halving where the block reward on mining is settled by ½ on every Halving. - Deflationary Model
We always heard about Bitcoin as a hedge against inflation and the bitcoin model is deflationary in nature let's figure out how it actually works. The Deflationary model of bitcoin is its strength, Bitcoin is all about the control of supply by the proper implementation of the Demand and Supply. The circulation supply of bitcoin is controlled by the Halving event which occurs approximately every 4 years. The first halving was in 2012 when the Block reward was reduced from 50 BTC to 25 and then in 2016 25 to 12.5 and after 2020 it was reduced to 12.5 to 6.25. Currently, the Block reward is 6.25 this way the bitcoin supply is controlled by the growth of bitcoin. This model provides Bitcoin the potential to serve as a hedge against inflation. These are the few points of the Bitcoin monetary policy and actually, there are bases of Bitcoins strength maximum of the Us actually looks into these points and feels safe while investing in Bitcoin. This allows Bitcoin to be the future Store of value and the perfect medium of exchange and we all agree on it. The community is supporting this particular narrative until now.
Things are changing now This above is a small part of the bitcoin's First view now things are changing considering the store of value and all this we know about the potential future of bitcoin. But Now things are changing the Bitcoin network is expanding its limits in things are changing now particularly I am going to discuss the Taproot. Taproot UpgradeTaproot is a proposed upgrade on the bitcoin network to enhance the scalability and efficiency of the chain with some additional components including a new scripting language, particularly you can say that it was Tapscript. In this upgrade, there were many new features and components including multi-signature transactions and many other things. My point of discussion is the adoption of Taproot and the features imposed on the bitcoin network after the Taproot upgrade in November 2021. There were many features in the Taproot upgrade but now let's discuss the taproot adoption and its impact on the bitcoin network activity. Taproot Adoption As of now on Bitcoin, we can create NTfs and more complex smart contracts so now on the Bitcoin network due to these features the on-chain activity is increasing which is a good sign, and taproot adoption in the last few months increased by 9.4% as per glass node report. And its utilization has also increased by 4.2%. Now, this is another approach of the Bitcoin network rather than the monetary role in the crypto market. Now Bitcoins network is approaching it sideways to increase the activity and attract a new audience. I am in favor of this but what others think I am not sure. The Taproots this upgrade is now impacting the Bitcoin on-chain stats like Increase in the Block size Normally before the taproot upgrade the average size of the Block was between 1.5 Mb to 2 MB MB but now the size has increased to twice of the previous numbers which are due to the Tapscrip. When we create the more complex smart contract or NFTs it automatically increases the size of the block and with the increase in the Block size, the demand for blocks in a specific time is also increasing. The sum of all story is now Block demand is increasing which is indicating an increase in activity and in the future my observation is the Transaction fees is going to be high due to higher demand and activity. Impact of Side growth of Network.We know that images have both brighter and Darker parts. As with the increase in the Taproot, the adoption Bitcoin network is growing with a new type of community which is the NFTs market and other protocols which is increasing activity and this new community is the reason for the future market capital increase and dominance of Bitcoin. Before that, there was a community supporting Bitcoin due to its monetary policy and now there is another community supporting and also going to support Bitcoin due to its new Utilization features. How are you Watching it?In my view, this is a positive approach as the total number of non-zero wallets is increasing which means the community is growing and as much its community grows, the bitcoin market value grows. But on the hand, the transaction fees may increase more in the future as now the average of transactions in the pending pool is increasing. It might lead bitcoin to the same issue as EARTH was facing before. If it happens then what is Bitcoin is going to find out a new trend of L2 projects on Bitcoin or shifting the POW to the POS as in my view if it happens it will greatly damage the bitcoin reputation. Most of the community supports bitcoin due to its decentralization but if Bitcoin changes its Network from the POW to POS then centralization is going to be a big challenge for the community. Note: All the information written and compiled by myself is my own observation based on current circumstances, I would like to know my fellow Bitcoiners opinion on this. I am not perfect please mention if I am lacking somewhere. Source: Data Glassnode
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Background: In my analysis, China was the first major country to impact the bitcoin journey as in back 2011 first Chinese centralized exchange was working for the local community and in 2013 cryptocurrency especially BTC was recognized as the payment system in China. As China boosted BTC in the early times but in the second part of the story China betrayed the Bitcoin community many times. 2013 Bitcoin Transections Ban In 2013 China recognized bitcoin as the payment system but on the day of 5th December 2013. On the notification of PBoC and the Ministry of Finance, China prohibited all transactions related to Bitcoin and cryptocurrency. This was the First Ban in the Bitcoin history of China and from there a journey of continuous manipulation by China started. The internal ministry showed up this notification on the basis of the risk of scams and Money laundering. Note: When China accepted BTC as a payment system in 2013 Q1 Bitcoin was bullish and remained Bullish for the whole year but from December 5, 2013, to Q4 of 2014 a whole year bitcoin suffered the pressure and Bear zone. 2017 ICO Ban by ChinaChian always used the allegation of Illegal outflow of money to Ban Bitcoin and cryptocurrency exchanges and projects. The year 2017 was a good year for the Bitcoin market but at that time in Shitcoins or Altcoin a new investment strategy ICOs Initial Coin offerings were introduced and this was an unsuccessful strategy as many projects scammed to users and China noticed this incident and reported that an ileal outflow of money from china to the crypto market. On 4th September 2017 China Baned Local Exchanges and ICOs. Note: Bitcoin Hit ATH at the end of 2017 ignoring the China ICO ban and exchanges shutdown but fell down from the Q1 of 2018 and suffered a bear zone for a whole year. 2019 Bitcoin Mining BanBan of Payment system then Ban on ICOs after all that China targeted the base of Bitcoin network. NDRC raised an issue in the Parlimanry Sector to impose a ban on bitcoin mining with a shity reason of Unwanted Industry. On the name of Polluting industry. NDRC pressured the Chinese Local governments to Ban bitcoin mining. Note: 2018 was a bear timeline but after the NDRC mining ban development Bitcoin faced more pressure from the Q1 of 2019 to the Q3 of 2019 after that bitcoin pulled up to $10k at the end of 2019. 2020-2021 China Bitcoin Mining & Trading BanChina took money Lundring seriously and made strict policies for exchanges and investigated all the fund's activities on exchanges. All over the local crypto community, China exerted huge pressure and many people shifted their funds to Decentralized wallets and completely avoided the centralized services. 2020 was a bad year for the centralized Chinese exchanges and the community almost shifted to the Defi but after a short period of time in 2021. In May 2021 there was a new start of crackdown policy in china this time china doubled the pressure and banned both Bitcoin Mining and trading . As China is the Hub of Bitcoin mining the state council of china directly targeted the most power-generating provinces for Bitcoin and imposed some rough policies to eliminate the bitcoin miners. This was a great fud for the Chinese Bitcoin community, this was the first bitcoin massive dump where the $30K market value difference was taken into note. Bitcoin targeted in 2021 affected many local businesses in the crypto community in China. As always NDRC and PBoC played a major role in the whole crisis of 2020 to 2021 of bitcoin. NDRC this time permanently imposed some policies including the high-cost electricity in Bitcoin mining areas, strict policies for new crypto businesses, and tight grip and inquiry on the existing ones. ConclusionOn the government level some policies were needed by China to stop money laundering I do agree with those but the high cost of electricity for the miners and discouraging new firms in this field are unsatisfying. China always manipulates and triggers some policies on Bitcoin during the time Bull run. China was 50%+ Mining Hub of the Bitcoin network but due to time-to-time, changes in policies currently china is contributing 22% to the Bitcoin network. China had both good and worse bitcoin developments in the 2011 to 2022 timeline, I am still not sure how China sees bitcoin in the future. The community is still hopeful. My personal perspective as China is one most powerful countries with almost 43% market hold. So in any way, China is going to impact bitcoin directly. I think the Bitcoin community needs to hold their breath as we are still at the start of the journey to financial freedom and almost on every milestone global economic powers are going to manipulate Community emotions.Source: Coindesk, Investopedia, CMC.
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Role of Cryptography in Bitcoin network Bitcoin, we all know the digital asset or you can say the future store of value. The king of the crypto world a P2P payment system based on the blockchain technology but wait do you know Bitcoin on a blockchain depends on the four major pillars Software, Cryptography, Hardware and last but not least Mining. I know most of us are familiar with Software, Hardware and Mining too let's see what Cryptography is? which is one of the basic elements of the bitcoin blockchain. So basically Cryptography is the technique used for the encryption of data, using the hash functions and digital signature. I simple mathematical techniques called hash functions are used to encrypt the data to ensure privacy and security on the bitcoin network. What are the Hash Functions?The math and computer science term hash function is basically a technique used in the data science. A Hash Function basically converts the erratic or random size of data into a particular fixed-size data set or table or any desired data structure. Hash Function is responsible for the security and non-alterable nature of the bitcoin network. You can say that it is the hash function that protects and manage data in blocks on the bitcoin network. What are digital signatures?Digital signatures are the mathematical techniques or schemes which are used to verify the authenticity of the digital message. The data in the message might be off any type. In the whole process, the Hash functions are used to convert plain data into encrypted one and then digital signatures are used to check the authenticity of data as per the user has access to it or not. In the Bitcoin network the digital signatures provide the public keys or addresses to the users for their utilities. RoleSo this is what cryptography is and this is how the whole process works on the bitcoin network now the point is how cryptography is the basic pillar of the bitcoin network . The answer is quite simple bitcoin network is recognized as one of the most secure and trusted P2P payment system and a future store of value in sort of digital gold. As we are moving from the age of traditional finance to the digital era now according to the concerns of users and future need the community do care about their privacy and the security of their assets too this is possible with the encryption of data done by cryptography. Bitcoin introduced many things to the financial sector, including self-custody users' control of the market, decentralization, the deflationary model, and the most secure way to communicate in every mode. All this came true with the Basic elements of Bitcoin network and cryptography is one of them and responsible for security, nom-alterability and all the privacy-related concerns.
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Top 5 BTC Major Dumps Ever in All time History 1st This was the biggest dump of bitcoin history as in BTC early era on June 2011.. This dump happened when BTC value jumped to the maximum of 32$ from 2$ then suddenly a major dump caused the BTC value to be below 1 cent. Reason: The reason for this dump is quite interesting as according to data BTC gained value from 2$ to 32$. During the same time, the largest BTC exchange on that time MT Gox was hacked or you can a planned hacking caused hundreds of accounts to lose funds worth millions of dollars. Total Loss: 99% You can say that after this dump BTC was dead but at the same time you can say that it was the Rebirth of the global asset. 2nd According to the timeline, this was not the 2nd biggest dump but according to total value/ loss, you can obviously say that it was again the rebirth of the BTC for the coming era. As the year 2017 who can forget the golden year of Bitcoin's history according to the official data BTC pulled its ATH to around 20k and for some unofficial trading data it was around 21k. After the ATH BTC starts dumping within the year 2017 its dumped to 12K than in 2018 to the 6K and then goes on till 2019. Reason: Primary reason was the profit booking and with that BTC cycle entered to the bear zone where heavy capitulation caused regular dumping and sideways market movement. With all this panic some hacks in Japan and Korea played important role in this Dumping era this was one of the largest Bear zones. Total Loss: 84% In this whole cycle. This was a total panic timeline where BTC was used to call by the name of a Ponzi scheme. Rest is History we know what BTC was and what is BTC. 3rd As by the total value dump the 3rd dump was in the early timeline of the BTC after the recovery from the 1 cent crisis in 2011, this was in 2013 and BTC was in its prime time as it was reborn and now investors were more hopeful and that was the reason it leads BTC to the major dump. The dump was from 260$ to 50$. There also Mt Gox played an important role in dumping. Reason: The reason was the success of the BTC as after the 99% survival BTC was moving toward the most trusted digital asset network was growing and then boom. The MT GOX trading exchange on that time you can the say the power of MT GOX on that time was about equal to top 10 exchanges of these days, and it failed to survive in massive trading volume and the system collapsed this was a venerable time and hackers attacked and the market crashed. Total Loss: 83% was the total loss in bitcoins value and this was a total panic time as MT GOX failed again and it leads maximum investors to move again from the decentralized asset to the centralization. 4th The fourth dump according to the total value was the era between the 2011 and 2013 dump do remember this era was total panic and that was the only reason BTC faced continuous 3 years sideways movement from 2013 to the 2017 Q3. There as BTC recently faced a major dump of 99% of investors looking for another opportunity as an alternative of BTC. Reason: The reason is quite interesting as it was a Ponzi scheme that offered the investors 7% weekly returns on their assets investors jumped into it and this was the destruction point and the market crashed due to this Ponzi scheme scam. Total Loss: 56% total dump in this major crisis time a total scam of 700K BTC. 5th The most recent dump was of May 2021 as BTC was I hype of the cycle in full Bullish market BTC hit the 64K ATH. Then our dear Ellon the shit poster not on that time but obviously he is a shit poster on the current timeline backed off from the BTC payments for Tesla products. Reason: As I have mentioned Tesla created a fud environment for the BTC investors by backing the decision of BTC payments. Total Loss: 53% total loss was faced by the market. The interesting fact was within a week $1T of total crypto market capital was wiped from the market and you can say that this was the real bloodbath after the 2011 incident. Current situationAs for now, our Ath is 69K and we are in the sideways market same as in the 2014 to the 2017 Q3 the total loss is around 70% from the ATH. we are stuck in the resistance of 22k and support of 19k and its moving in these ranges a total capital we have lost until now is around $1T+ but who know what is going to happen in the coming week so be a ready to bear is about to end these pumps and dumps are temporary so focus the future and book the ticket to the train. Many Lunas are going to fail many shitposters are going to trap you to buy in cheap. Small holders get tired and bored soon which causes capitulation and Whales win always grab the maximum in cheap. Source: https://finance.yahoo.com/news/7-biggest-bitcoin-crashes-history-180038282.htmlSource: https://www.coingecko.com/en/coins/bitcoinPoint to Note Source:Unkown image source Always remember many Dumps and Pumps are gone and many are on the one thing that can’t be denied the power of BTC and its potential as a store of value. Many Shit-posters many MT GOX and many profit bookers played their roles but they were just the milestones not the destination. No matter how it is going to be done but point BTC is freedom and this is going to be the world’s first and only digital store of value. There are questions in the panic situation that is BTC is a scam. Is it Ponzi our mindset is still not changed but in the future BTC is going to prove all these statements wrong again. Just imagine how many times repeated questions can stop the BTC from reaching the destination believe in the potential and try to get out of the mindset, it is not an investment Ponzi scheme it’s the future that you are going to build for the next generation and they will thank you for the financial freedom. Remember Weak hands always lose money no doubt that you need to face a hard time but the point is what are you getting right now, you cant regain it after few years so as many of us crying now they missed the train point is after few years many of us again are going to repeat their train so think now.
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Understanding Nature of BTC and Inflation & Can BTC be a Solution? Hi, dear fellows from last week I’m observing some posts here in the Bitcoin discussion about BTC and Inflation and Questions on the BTC model as an Inflation Hedge I have already replied to some of them but still there is a need for complete analysis as what is inflation then causes of inflation then the comparison of BTC to these problems and then a conclusion so in this topic, I will try cover most of that part but still there as my analysis is much strong starting a topic might help to understand all the stuff in a better way. What is Inflation?First of all basic definition of inflation is the “increase in the price of goods and services in a certain time is called inflation”. If the price of a particular good or service increases that can’t be considered inflation as an overall increase in prices of goods and services is called inflation especially the day-to-day usage of goods and services. Now let’s understand this concept in easy views inflation is the devaluation of money for example back in 1970 my grandfather told me He bought a Buffalo for 110 RS let’s see what I can buy with 110 RS in 2022 2 packet of Lays and if I want to buy a Buffalo now I twill cost around 150k RS. That is called inflation. SourceTypes of inflation are divided into terms but basically, there are 3 types of inflation as I can’t explain it here topic will be very lengthy (You can do a google search on this topic individually) so in short, these 3 types are also 3 major causes of inflation so these are • Demand-Pull Inflation • Cost-Push inflation • Built-in Inflation So these types are also the causes of inflation. As inflation is a worldwide problem but inflation in a particular region or country is caused by the Monetary Policy and Fiscal Policy of the country. BTC can be the solution to Inflation for that is how to let's understand. As BTC features resolve the Flaws in these policies for Civilians. Monetary Policy:So, first of all, let’s understand what monetary Policy is Monetary Policy is a term used in the economy of any country where they control the supply of money and how they can control the supply of money in the market and the printing of new currency. In simple short, this policy decides the total supply of currency. How Monetary / Fiscal Policy is a major cause of the Inflation?In most of the country, the root of Inflation is the Monetary Policy as the Government prints the excess amount of money to fulfill their local deeds as to pay salaries to start new Development projects and etc. etc.. Understand this point government prints money supply is increasing and the government has no assets to back of that supply. Now Excess amount of money in the market causes an increase in prices of the goods and services. Similar to the Monetary Policy the Fiscal policy impact the value of the local currency as considering the example of Sri Lanka and Pakistan the Leadership of these countries made wrong fiscal policies for debit and international trades which caused inflation on a major scale. Let’s understand how BTC is anti-Monetary Policy:BTC is anti-monetary as in monetary policy excess supply causes inflation. If we accept BTC as a legal tender or medium of exchange then as BTC has a fixed supply of 21M the supply is controlled and automated not by the government so that will be the solution. Also, lead to financial freedom. Limited Supply will automatically control the prices of the services and goods as the supply is now constant for obvious reasons the major cause of inflation can be avoided. This is a solution for you try to understand who is having problems with inflation you and me as we are saving money so I’m proposing this solution to your savings how BTC can help you to avoid inflation that is not financial advice. It means that we can’t eliminate inflation but we can avoid it through our investments can BTC be a worldwide inflation solution? I don’t know. Import Export Inflation:Import and export can be also a major reason for inflation as every country need to trade with other countries for different types of good and services as countries import Fuel, Crops, and different raw material and also products which can cause inflation to let me explain this point how to consider that in international market fuel prices increases as increased after the COVID all the fuel products + Services showed a boom in price as Fuel plays important role in resources of any country impact of that fluctuation will lead to the inflation. As for trade we use the currency for now USD is the most powerful and sustainable currency (That’s not the fact that’s just considered) so maximum countries use USD for international trade. The value of the Local currency is decided on the basis of the exchange rate for different countries as I have already explained that USD is considered as the most powerful currency so in terms of USD Local currency value is decided. Now let’s discuss a simple Point what if the price of USD increases in the local market due to demand that will automatically put pressure on supply and USD price will increase that means local currency value will fall and that is going to cause a massive impact on the international trades and other currency exchanges which means a straight slope of inflation due to uncontrolled price of USD. Example: Pakistan Sri Lanka. The heavy inflation increase in these two countries is just because of the unstable price of USD and also the Fuel prices fluctuations many other reasons as wrong Policies. Is there any Solution for that?Yes, that’s possible to minimize or eliminate that type of fluctuations as USD is not a transparent and sustainable currency there is no control over the value and supply of the USD. The US government can print more money and they are printing more and more which is causing a global economic crisis that shows the USD is an inflationary currency as now there is a need of Power Assets that can be used for international trade nonmanipulative more sustainable and transparent. Bitcoin can be solution lets understand how. SourceHow Bitcoin is a Solution?Bitcoin is a solution for most of the problems, as its anti-monetary which means that the supply for the currency is already fixed and can’t be changed which can’t lead the Supply pressure inflation or devaluation of the currency. The demand and Supply to the market is also set by a model of Block Mining reward which restricts the excess supply of the currency in the market. BTC is devisable as 1 BTC = 100M Satoshi which means we can implement BTC on Local level freedom of Finance as well where BTC for the reserves can be stored and can also be devisable for the Services exchange. The market Follows the P2P system where capital behind the currency decides its market value. For international trades, the PNL / Realized price can be used as a bottom line which will control the fluctuation as well as the inflation problems as well while international trades. BTC as the Universal Asset / Currency?I’m not saying that eliminating all the local currencies and considering BTC only can also cause some problems but point is to recognize BTC as an asset as a medium of exchange for cross-country trades that can be beneficial for both trading countries. In simple words, BTC should be used as a reserve currency that can fix a lot of economic problems which will be more reliable. If BTC is recognized as a Global asset then the fluctuations can be controlled as prices can be more sustainable. The local currency can grow independently without the influence of the USD. Following things may get easy. • Currency Exchange Problem • International Trades • Sustainable reserveIs now BTC Stand on as Hedge against the inflation:Hope so Before the start of 2022 things were different market was at its peak and that was really an impressive feat many analysts proposed BTC as the best Hedge against inflation that true and false. • BTC is anti-inflationary in a specific period of time as long term for example Halving to Halving or ATH to ATH this specific Area strongly proves that BTC is anti-inflationary as BTC shows a consistent upward move on every ATH its means BTC has a secure cycle of the Value. Example: 2011: iPhone 4s Price: 165 BTC 2012: iPhone 5 Price: 52 BTC 2013: iPhone 5s Price: 5 BTC 2014: iPhone 6 Price: 1.6 BTC 2015: iPhone 6s Price: 2.7 BTC 2016: iPhone 7 Price: 1 BTC 2017: iPhone 8 Price: 0.19 BTC 2017: iPhone X Price: 0.13 BTC 2018: iPhone XR Price: 0.15 BTC 2019: iPhone 11 Price: 0.06 BTC 2020: iPhone 12 Price: 0.05 BTC 2021: iPhone 13 Price: 0.01 BTC 2022: iPhone 14 Price: 0.04 BTC
• Where if we consider BTC as the Short term Solution then Short Term inflation can’t be controlled using BTC as in Bear Phase or in the current situation BTC is melted down below 20 which is below the Realized price and can’t be considered as the anti-inflationary solution. Drawbacks That’s True BTC is too good and can be a solution for inflation if we consider our problem in a long phase but that’s true as well there are so many problems in the way of BTC to be a Global asset. The biggest issues are as follows. Centralized Finance / Banks:The overall finance in the world is manipulated by the banks on the national and international level which is a major reason for inflation as the distribution of money is manipulated. Let me consider that Everyone wants to accept the BTC as a Legal tender but do you really thinks Banks who are in power let us do that? Centralized Finance Institutes is going to be a major resistance against BTC. People prefer Centralization:Most of underdeveloped countries and their civilians prefer centralization where they use 3rd party to act as a trusted body for their investment. People of these countries always go with centralization where they feel secure under an organization that should be responsible for the security of their investment. That’s the fact of Under Developing Countries. So there People are not going to support the Decentralization of assets they are going to resist it. BTC Bear Phase a question on being a Solution:Every Image has two sides a bright one and a dark one that’s a fact similarly the Bear phase is also a major problem when it comes to proving BTC as a Strong Hedge against inflation. In the bear phase, the maximum time the market crashes below its PNL / Realized price which put me silently to say that BTC is anti-inflationary at least for a period of time. Conclusion:No doubt that BTC can be a better alternative but the implementation of this model is currently impossible as the features of the BTC are dominated by the Resistance against the BTC. Our Backward countries are not ready to accept this technology. BTC is a good solution but in the future where we can discover a better implementation of it. For now, we have to struggle with Inflation but we can use BTC as our primary preference to Savings which is going to be a global asset. Note: That’s all for now I don’t know what important points I have missed and what were non needed but that all I think about the BTC model for now. All this information is collected from Blogs, Videos, and Interviews and this Post is the Summary of my analysis. The purpose of this post is to educate about inflation and BTC and to start a discussion to learn more about it from the experienced members of the forum and what they think about BTC as an alternative or a solution to inflation problems.
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SourceIn this Post you will find about BTC accumulation and tips to keep in mind before shopping Bitcoin. Many of you have known BTC’s history if not then pay a visit here. What is BTC Accumulation?We all know the meaning of accumulation but in terms of market cycles, it’s a phase. This phase starts when market comes to its worse stage or bottom line at this point, Public and Private Corporations starts to buy huge amount of BTC for long term. There are three more phases other than accumulation phase but i will share their articles later. How much BTC has been accumulated by Corporations? In 2021, According to NASDAQ, total accumulation of BTC was the 8% of the total BTC supply which is equal 1,660,473 BTC. But in 2022, According to Coindesk, total accumulation of BTC is 60% of the total BTC supply which is equal to 12.92 million bitcoin. When we should accumulate Bitcoin?The price of BTC is $21,647 while writing this article and we all aware of the ATH (All the High). Many of us are fully sure that BTC will cross its ATH and there is no doubt in it, that’s what BTC was doing from the start. We should started to accumulate BTC when BTC is in bear market after touching the ATH. Now is the Bear market and according to the amount of accumulation wrote above, Corporations had already filled their bags when BTC goes below $18,000. We should use tools like Glass node to keep track of demand and supply, because when seller pressure increases, the bear market comes with great buying opportunities. SourceTips to keep in mind before accumulation:1: Use Dollar Cost Averaging (DCA) Technique:In this technique, we do not accumulate BTC in one trade. We divide the trades in to many parts. For example, if you are buying 10 BTC, Then divide them in 10 transaction. Like set buy order for 1 BTC at required price and place another buy order of 1 BTC at lower price than required price for better profit. Because we don’t know the nature of market. Sometimes market goes in unexpected ways. So from preventing huge losses, we should work smart. 2: Use indicator to analyze market to take better entry:The most famous and common tools to take entry is RSI (Relative Strength Index) which has two main components: Overbought: When the indicator line moves above the channel then it is considered as overbought which means the asset has been overvalued and there is more chances of its price to decrease. Oversold: When the opposite happens of above action than the assets is considered as oversold which means there are more chances of asset’s price to increase. There is no doubt that indicator’s result will help you in making great entries either. But it increases the chances only instead of taking entry blindly. You can use a RSI tools for BTC only which will send notification on your twitter handle. Get this Tool from here. 3: Do not freak out: One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out). 4: Prevent from News Cycle:As mentioned before, we don’t have to observe market again and again to book profits here. Because we are playing the long term game here like for 3 to 6 years some people holds more than that. The news platforms will try to share every crypto related news which will make you sick. No doubt that, short term investors are greatly affected by news cycles and get into FOMO and lost their money. But here you know the big picture of BTC potential as how it touches around $68,789.63. Tools for analysis when Whales enters market:Whales are the market manipulator who trades more than 10 BTC at a time and these are the 1000 people who have the 40% of the total market. We will shed light on some tools to keep track of Whales activity to prevent from losses and to take profits. 1: Whales AlertWhales Alert is a tool which collects data from all of the blockchains and provides alert notification on Whales transactions. It’s a free tool but with limited features you can buy it to get benefit from all of its features. Pros:• It covers dozen of blockchains and provide free data. • We can watch historical data in the forms of graphs. • Provides live data Cons:• To get notification we have to purchase their monthly or yearly package. • They are not suitable for beginner as they have expensive packages. 2: ClankApp:ClankApp is a tool which provides notification services on Whales transactions. It provides Telegram and Twitter notification feature too. Pros:• It collects data from 24 blockchain • We can get benefit from all of the features with free of cost, even can get notifications. • We can get notification via Telegram, Twitter and Email. • Provides live data Cons: • The free of cost notification features comes with the drawback of no graph for historic data analysis. 3: WhaleMap:WhaleMap is a tool in which we can also get whales trades and notification services Pros:• We can get information and free course and tutorial to understand how to analyze Whales trades and how to react with them. • It provide 16 useful charts which will help us to understand the market more easily. • Provides live data. Cons:• Unlike Whales Alert and ClankApp, we have to sign up before analyzing the Whales trade. • Before using its charts, we have to go through from their tutorial for better understanding which would cost time but it worth. 4: Whale Watchers:Whale Watcher is a tool to analyze Whales trades not only of crypto token but also of NFT trades. NFT interested can get more benefit from it. Pros:• Its focus is not only on crypto assets but also on NFTs. • It provides free of cost services too but with limitations. • But if you buy their packages we can talk in their communities with other member in real-time. Cons:• Users of this platform are only around 3000. • No graph data is available. 5: WhaleBot Alerts:WhaleBot Alerts are only for telegram push notification to alert you of any Whale trade. Many of us still using it. Pros:• Used for quick notification of Whale trade on your smartphone. Cons;• It’s only for telegram so no graph and history data could be seen. • It shows only real-time transactions. Which wallet is best to accumulate Bitcoin?I had discussed some of the wallets types before, you can go for hardware base crypto wallets for better security, and I only mentioned 3 hardware wallets there and some other hot wallets. But in here, you will find the best options to store your BTC for long term using hot wallets. 1: Exodus:Exodus is best for beginner as they have 24 hour lives support and you can use it on phone and pc. Pros:• You can add Exodus with Trezor hardware wallet. • Combining with hardware wallet increases security. • It supports 240+ assets. • You can use its web 3, desktop and mobile version as per requirement. • Built in exchange. Cons: • It is not an open source wallet To see the difference between open source and close source wallet. Pay visit here. 2: Electrum:Electrum is a free cold wallet which provide next level security with its unique features. It’s in the market since 2011. Pros: • We can use it on all the operating system, such as Android, Window, MacOS, Linux and Python. • We can use their Cold Storage option to keep seed phrase to perform actions, and hot storage can be used to watch the balance. • It supports hardware wallets like Trezor, Ledger and Keepkey. Cons:• Only useable for storing Bitcoin. • 24 hours support is not available here. 3: MyceliumMycelium is a phone base wallet and we cannot use it on any other device than smartphones. Pros:• Built-in exchange, study material. • It supports hardware wallets, like Trezor, Ledger and KeepKey. • App is reproducible, Cons:• If you lost your phone than you lost your money. As it is reproducible. • Works only on smartphones. Precautions to take before withdrawing huge amount of BTC:There are numerous precautions, a holder could take, but depends upon from which danger. Danger of losing BTC, danger of getting taxed by IRS, danger of too much exposure and publicity that you do not want. I will try to cover two of the above danger to avoid. 1: Danger of Losing BTC:Talking about withdrawing BTC, to do that first we have to transfer it to an exchange, if your BTC is already in a wallet which comes with built-in exchanges than its more secure. Because in first scenario, you have to transfer from hot wallet to exchange wallet. Which will expose you twice. While sending BTC from one wallet to exchange wallet, double check the address and do not send all the BTC in one go. If you are using hot wallets on smartphone or pc, try to strictly avoid from download any third party and unverified app or unlocked APK MOD, because these APKs contains malicious viruses which could get all the info of your wallets. 2: Danger of getting heavily taxed by IRS:In my country there is no huge taxes on withdrawing money, I prefer try to withdraw money in parts not in one go because in Pakistan there are many limitation of withdrawing money and in many other developing countries too. But this danger is for the people of developed countries. Like USA, China, Japan, Russia etc. maybe I left some countries but let’s move on. I am not a tax expert so I will just share some useful article’s and thread’s links to avoid heavy taxation. Cryptocurrency taxes: A guide to tax rules for Bitcoin, Ethereum and more3 Mistakes to Avoid When Making a Large Portfolio WithdrawalCRYPTO-ASSETS: ANTI-MONEY LAUNDERING GUIDANCE FOR ACCOUNTANTSConclusion:
I hope this thread will help you, just to clarify, I collected data from many blogs and BTT threads. I also provided the sources and tried my best to come up with every possible helping material. If you guys find that something needs correction please let me know and do share your love. Regards Hamza.Eidt= Images links are updated on 17th September 2023
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Crypto Wallets & Their Types All you Need to know. History:The Concept of the EFTS was a next step to evolution of money and trade system and it was introduced in 1978 and a first ever web based ETF was introduced in 2004. In 2009 a unique concept by the Satoshi Nakamoto of World wide currency fully decentralized and fixed supply changed the concept of the Money and its flow in 2022. Digital wallets are the software programs or electronic devices used to store the electronic funds and access online services & transactions. Digital wallets were develop to explore the new era of trading and transparency. Digital Money & Wallets made the access of world wide IOT services accessible easily. E-commerce is the majour application of digital wallets. Crypto changed the whole concept of money application of digital money and storage. Crypto Wallets: Crypto wallets are the more advanced form of digital wallets where a device or protocol is used to store public and private keys for storing different types of cryptocurrencies. Crypto wallets are more functionally enhanced as you can access encryption and signing capabilities. Simply a crypto wallet address/ public key is combination of alphanumeric characters from 27 to 37 ranges. Terms used in Crypto Wallets Encryption:
Private Key, Public key both of these terms are used on the crypto network to perform transaction a public key allow the user to receive funds and private key allows to access the encrypted funds on the public key. Types of Crypto Wallets: Basically there two type of crypto wallets on the basis of their utility as Cold Storage Wallets and Hot Storage Wallets. Cold Storage Wallets:These are the highly secure personalized wallets used to store the crypto currencies preferred by the users as for storing the long term crypto investments. All hardware wallets are cold wallets as these wallets are offline wallets due to this feature these wallets are considered as most secure type of wallets. Hardware Wallets are example of Cold storageFeature: Used to Store Large amount of investments & High Security Examples / RecommendationsLedger Nano X Price: 149$

Source: Kryptodots Trezor Model T Price: 189€ Source:Finder ELLIPAL Titan Bundle Price: 159$ Source: Amazon Pros and Cons of Cold Wallets: Cold Wallets provides the maximum possible security to the funds as user require. These wallets allow full efficient environments to make all possible secure investments. These Wallets are expensive maximum users who own a little funds cant afford them. As these are used as primarily for storage you cant trade with them. Hot Storage Wallets: Hot Wallets are used by the traders for making quick and time to time transactions with the market. These wallets allow the users to access different types of services on the block chain rather than assets transfers as decentralized finance & tools. NFTs, MetaVerse & Staking etc. All type of these hot wallets are same in some properties but the major difference between them is the control on the assets in Self-Custody users manipulates its funds accordingly but on the exchanges offered wallets funds are managed and controlled by the Exchanges ( Not recommended for stroing crypto) . Common point is used for trading and accessing crypto related services using instant crypto. Mobile, Desktop & Web Wallets are types of the Hot walletsThe List of Hot wallets according their type and accessibility and support. Metamask: Decentralized Self Custody Wallet. Used for Altcoins. Trust Wallet: Decentralized Self Custody Wallet. Supports many Blockchain Networks.Electrum: Decentralized Self Custody Wallet. Only Bitcoin.Electrum can also be used as the Cold Storage. Pros and Cons of Hot Storage wallets:These wallets are cheap even free to use, user can access trading as its primary feature. Users can explore the the crypto services and access decentralized finance and other technologies as the meta verse and NFts These wallets cant be used to store large amount of funds as there are so many security issues with them. For safe investments these wallets are non recommended. Note: This information related to the products has been taken from different blogs the graphics i have used all have the refer link or source mentioned. This post is for the information superpose to guide the new users to choose the best and avoid scams. There is no plagiarism as after my own experience and analysis i made this list.
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WEB 3.0 Let’s start from the start, So in the start of internet the purpose was targeted Communication. From there a journey to remove distances explore the digital world started. Internets First form was Web 1.0 then 2.0 came later and until now we are using it. Now after 2020 we discovered an evolving technology called web 3.0. Web 3.0 is all what we need in current era. Web 1.0 VS Web 2.0:Web 1.0 Introduction: In introduction Web 1.0 allows the Read Only feature. We can directly say that printed News Paper is a good example of Web 1.0 where user can read the information but they can’t interact with that information and they can’t put their Feedback. WEB 1.0 was a huge Success in digital world where Information sharing became easy. Features of WEB 1.0: • Reading: Yes • Pictures: Yes • Videos: No • Content Power: NoYahoo Search and WWW are examples of the WEB 1.0. Web 2.0 Introduction: I would like to say that Web 2.0 was a true implementation of the digital world. Web 2.0 gave us the Read & Write power. A massive number of applications there was founded. Point is Web 2.0 gave the content writing power to users. YouTube, Blogs, Facebook and true implementation of the Social connections is massive success of the Web 2.0. Features of WEB 2.0: • Reading: Yes • Writing: Yes • Videos: Yes • Streaming: Yes • Gaming: Yes • Content creation: YesGoogle is Good example of Web 2.o applications.Major Flaws in Web 2.0:Privacy:Privacy is a major issue with the Web 2.0. No doubt Web 2.0 converted the era into digital era and made the World to be accessible so easy but in WEB 2.0 Users became Customers for the Major Franchises. Data Manipulation started and Users activity on the Platform regularly tracked and then All the related data is used to sell products to the user. In other words you can say that WEB 2.0 risked the users Data & Personal choice where user’s brain always manipulated for a particular product using his History. User has no control on his / her Privacy & Data. Using AIs and Machine Language users profile always Targeted by different platform (Social Media). Dependency:Web 2.0 was a revolution in the Content world but it was too limited for the creators, Web 2.0 gave the freedom to the users to be the source of information but under limitations as if a user want to Create a Video he need a particular platform to publish his/her content and here comes manipulation. For example Google the only Web 2.0 Application Holding 84% of all the Content created by me and you. So point is there are a few option for the users to create and publish content we are dependent on the Google or any other platform. These Platforms allow us to publish our content and charge almost 40%+ commission on our earnings. It means the Middle man Platforms are reason for less rewarding content. Freedom of Speech:Social media is called by the name of Freedom to Speak but do you really think its freedom. Platforms like Facebook, Twitter, Instagram allow the user to speak anything but not really. Using Manipulation these Platforms can delete your account / Post by no reason and you don't own a right to ask about it in most cases so that not the freedom of speech its freedom under control and this is done by Government Institutes. SEO:Search Engine Optimization is another issue with the web 2.0 products as the content creators and product owners need to reach their audience they pay millions of dollar for SEOs to reach Audience as Google manipulate all the searches around the internet, authors pay google to reach audience, due Central Body google Business owners and authors need to pay a huge amount of money to use the keywords to attract audience. This creates a biased situation for the creators the as if creator pays more on SEO he can reach a wider audience but natural flow of information got disturbed Web 3.0 Future of InternetWeb 3.0 is a proper implementation of digital era. Web 3.0 is what users need a proper solution to the problems of the Web 2.0. Web 3.0 is a next generation of internet where privacy and Decentralization is main target to be achieved. Web 3.0 is the implementation of user’s privacy and Data security using the Blockchain technology. Web 3.0 provides all the control in the user’s hand. User can access any information using 1 profile where users don’t need to sign up every time for specific information through a source. Freedom of speech & expression, zero manipulation with your data. User's based and customized interface where user can select the categories to watch list according to taste. How we can make money with Web 3.0 Web 3.0 is not properly developed yet as we are exploring the web 2.0 yet but now the Web 2.0 is going to end there is going to be a new start the majority of companies successful in Web 2.0 are due to their early adoption of new tech. Web 3.0 is on its early stages we can directly use Web 3.0 to create our own future projects. NFTs and Metaverse are early applications of the Web 3.0. NFTs: Users on Web 3.0 can directly target their audience using NFTs as if a user is a single, artist or any talent he own he can create the NFTs of that talent which he can directly sale to the users using Marketplaces no Middle man more rewarding. There is profit for both parties Users & Artists as Artist can sale his talent directly and Users can enjoy the ownership by holding those NFTs on the end both parties can earn regular commissions on the success of the Unique Art. Metaverse: Metaverse is a virtual World where user jumps into the Universe of the dreams where they are in charge they can do anything they want by no effort. Virtual reality is the future and Web 3.0 is only way implement the virtual reality where many major companies already working on the development of these projects as Facebook. Point is how user can make money using all this for in in this world we own a property and as it develops user make money of it. In Metaverse similar to that users can own their Properties as Clubs / Hotels / Societies / Commercial Markets as Meta in developing phase Investors can enjoy a huge profit using cheap property developments in future. On the Business side the Traders can convert their Business into Metaverse free marketing and easy access can help to boost their Business Features of Web 3.0: • Web 3.0 is completely decentralized as there is no platform required to publish the content or to reach the audience. • DAOs are going to be Future YouTube / Facebook as in DAOs the smart contracts connect the users with author that will remove the manipulation with the content and increase the rewards for the authors. DAOs can help the content creators to Connect with audience on Major scale. Where users can enjoy their privacy and Creator can enjoy the ownership. There will be no owner of Internet as Google these days its going to be the value of your content. • Web 3.0 is far more secure as compared to the 2.0 as 3.0 is using Blockchain technology which is considered as the most secure data technology ever Created. • Privacy in your hands users can customize their categories according to taste and no cookie's and AI inspection by platforms as there is not platform just automated bots / Smart Contracts. User can access any information anonymously and no sign ups required the 1 key profile will allow user to access anything through it. • Decentralized: Yes • Read: Yes • Write: Yes • Content Power: Yes • DAOs: Yes • Privacy: Yes • Ownership: YesStrategies to Earn with Web 3.0Early adoption of Technology always rewards huge example BTC. For now Web 3.0.is not implemented there a few applications of the Web 3.0 the most potential and hyped are as follow; • NFTs • MetaverseBoth so these categories are the future of the digital world and Earl Adopters can earn massive by investing the Potential Web 3.0 Meta / NFTs projects especially in the Gaming Projects. There is huge risk in the success of these projects but Risk Rewards Higher then expectations. Please do your own research its not a Financial advice. Get ready for a new world with Web 3.0 Note: That's all for now hoped you got much information about Web 3.0 many topics to discuss more but for size of post that’s all for now. The content is created by me and source of information is YouTube / News & Many Blog Reviews. Urdu Translated VersionThis Topic is Already Translated in Urdu due to some reasons i was unable to post this here in Alt coin. Author: Hamza2424 Translator: UdtaParinda1
This Topic is a basic overview of the Web 3.0 its features and Source of earnings. Its a summary based post so please don't find it in technical terms. No Financial Advice.
Note: Asslam o Alikum, This Article has been composed by me after a proper research from YouTube and other sources so No plagiarism can be claimed. One important point is i use wrote this article in English and i translated by AQIB786 (Telegram) UdtaParinda1. I paid him for translation and He Satisfied me that he didn't translated using Tools. If you find errors do let me know errors optimization possible.
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Hi Dear Community,
I need a Translator who can translate a particular post for me as its required to post in the local section. For now i want to Translate a Single Post but I'm already working on many other posts as well. Translation Details and Topic theme will be provided on the Telegram. PM me if anyone interested.
Note: Using Translation Tools is not allowed as its against Forum Rules.
Mode of Translation: English to Urdu
Payment: Payment will be made in BTC / USDT according to the number of Words translated and Quality of Translation.
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Dear Speculations Community,
Day to Day analysis and news play important role in the trading especial case for the Alts developments done within the ecosystem of the alts decide their value i.e if ETH merge happens that will directly makes impact on the ETH current Value in the market so, News and Developments play important role.
I'm Trying to start a Regular Thread for my dear fellows to share up the Daily Analysis, made on the Alts by different sources and my own analysis as well + regular news as well that can put a small part of efficiency in making the mind setup for the coming positions. As not everyone is familiar of ever news source i will try to share as much Updates as possible.
⚠️Caption : News makes their impact sometimes but Analysis reports never claim the 100% legit Results so Personal Analysis is also Important for the investment make sure to Check out the possible profit / loss outcome as well.
I'm directly not the author of the all analysis shared Below in the thread ( Future).
Self Moderated: To make the thread clean and easy to approach
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