Thursday, November 11, 2021

🍑Asscoin🍑 new web asscoin . finance the bitcoin parody 📈 1st goal:cg and cmc list 📢 how?events with price pools,tiktok,shilling,and more 🤝 145 holders with supporting community👂 we take ideas of community serious

After a tumultuous summer with extreme fear, Bitcoin is going steady again. What does this mean? Well, according to history, alt coins and meme coins will be knocking on the door again, trying to get out and go big!

So, you want to be on the right track, right? No one wants to miss those sweat gains. Well don't look any further because we present you ➡ ASSCOIN🍑 - the ultimate Bitcoin parody ⬅

Contract: 0xdfb637b35e1ea86fcf2880f1859b2bbaa821e5a8

1️⃣ WHAT IS ASSCOIN❓ - Asscoin is the meme to Bitcoin as Shiba is the meme to Doge. - A wild idea of the dev, fair launched 2 weeks ago, that grew way harder than envisaged. And this is just the beginning. - A memecoin with a healthy looking chart with All Time Highs, pullbacks, consolidations and All Time Highs again. Rinse and repeat! - Dedicated and hard working dev, with engaged moderators and community members.

2️⃣ WHY BUY ASSCOIN❓ - We don't throw empty promises around like 'you will go x100'. We will reach that goal by dedication and hard work! Only then we will say: here you go, enjoy the big gains. - We are honest about the fact that Asscoin is a memecoin. However, that doesn't stop us from going big! - Be part of a fun and supporting community. All ideas, opinions and contributions are welcome in our group. Asscoin is not a weird sect where you will get banned for criticism. 💬 ✔ - We don't lock ourselves with a generic roadmap that every memecoin is using nowadays. We have specific goals, but improvise on the go too. Improvise, adapt and overcome. 💪

- First goal: CoinGecko and CoinMarketCap listing. Imagine Asscoin's logo on those listing sites. 🥳

3️⃣ WHEN MARKETING❓ - Marketing is an ongoing process. We continuously search and engage in the most efficient promotion for Asscoin. - Past marketing: multiple Reddit posts on CryptoMoonShots and other Subreddits, stickers, community gifs and TikTok shorts, tweets via Twitter influencers and more. - Coming marketing (under review): shout-outs by TikTok influencers, reviews by YouTubers, viral events with price pools, shilling contests and many more. - Dev pays for marketing from his own pockets. Talk about dedication!

4️⃣ TOKENOMICS❓ - Liquidity is locked on DeepLocker for 10 years. - Max supply of 1000T tokens.

Max sell/buy/transfer of 5T per transaction to prevent sharp pumps and dumps.
990T circulating supply
10T burned
Each sell/buy/transfer is taxed with 5% tax (4% liquidity pool and 1% rewards for Asscoin holders).

Still have some questions about Asscoin? Check our links below. Excited? Then join us, share ideas and lets go to URANUS 🌕 together!

5️⃣ LINKS❓

🌐 NEW WEBSITE https://asscoin.finance 📝 Contract address 0xdfb637b35e1ea86fcf2880f1859b2bbaa821e5a8 🔒 Locked liquidity for 10 years https://deeplock.io/lock/0x1FEC2317d5d6606Df8e9C438E1500D6A51c28205 💬 Telegram group https://t.me/asscoinbsc 🐦 Twitter https://twitter.com/ASSCOINBSC

Hong Kong company to offer insurance for Asian cryptocurrency holdings

Insurance and risk management for digital assets will boost investor confidence, according to OneDegree.

A major Asian insurer has ventured into the world of Bitcoin ( BTC ), in an attempt to provide a model for other companies in the sector.

Multi- line insurance company OneDegree announced Thursday that it is partnering with the Hong Kong Bitcoin Exchange (HKbitEX) to offer protection to the latter's custody platform ON1ON. OneDegree Claims to be Asia-based First Digital Asset Insurance Provider; secured $ 100 million in digital assets in the custody of HKbitEX.

The demand for insurance for digital assets is growing and insurance and risk management for digital assets will boost investor confidence and help market development , according to OneDegree.

Third-party insurance covers physical damage to wallets caused by natural events, cybersecurity risks, such as external hacking or malware attacks, and intentional or fraudulent acts by employees.

Following the announcement, HKbitEX co-founder Ken Lo stated that he wants there to be more institutional cryptocurrency investments . Continuous:

"With more than 1,800 licensed asset managers, Hong Kong is home to more than $ 3 trillion in assets under management. We want to help asset managers enter this market in a way that also enables them to meet their fiduciary obligations to their end investors."

The company said it is creating more technology solutions to help cryptocurrency development market participants avoid risk. In addition to its internal cybersecurity platform Cymetrics, the tools will help clients assess and manage their cyber risk , according to the company.

As reported, the Hong Kong Securities and Futures Commission is currently reviewing the rules covering virtual currency transactions , including the ability for individuals to invest in crypto-related exchange-traded funds.

Hong Kong is one of the most important and prominent financial centers in the world. It has had a significant impact on development of cryptocurrency innovation. For example, the city-state has spawned some of the best-known and most successful cryptocurrency companies to date, such as cryptocurrency derivatives exchange FTX and digital asset platform Crypto.com.

Hong Kong company to offer insurance for Asian cryptocurrency holdings

Insurance and risk management for digital assets will boost investor confidence, according to OneDegree.

A major Asian insurer has ventured into the world of Bitcoin ( BTC ), in an attempt to provide a model for other companies in the sector.

The demand for insurance for digital assets is growing and insurance and risk management for digital assets will boost investor confidence and help market development , according to OneDegree.

Third-party insurance covers physical damage to wallets caused by natural events, cybersecurity risks, such as external hacking or malware attacks, and intentional or fraudulent acts by employees.

Following the announcement, HKbitEX co-founder Ken Lo stated that he wants there to be more institutional cryptocurrency investments . Continuous:

Hong Kong company to offer insurance for Asian cryptocurrency holdings

Insurance and risk management for digital assets will boost investor confidence, according to OneDegree.

A major Asian insurer has ventured into the world of Bitcoin ( BTC ), in an attempt to provide a model for other companies in the sector.

The demand for insurance for digital assets is growing and insurance and risk management for digital assets will boost investor confidence and help market development , according to OneDegree.

Third-party insurance covers physical damage to wallets caused by natural events, cybersecurity risks, such as external hacking or malware attacks, and intentional or fraudulent acts by employees.

Following the announcement, HKbitEX co-founder Ken Lo stated that he wants there to be more institutional cryptocurrency investments . Continuous:

All About the NFT Backlash

Brian, you put out a call for someone to explain the NFT backlash that Discord experienced the other day, and given that I happen to be part of a specific intersection of communities that all have different sides and takes on this, I'm going to try and explain this whole thing from beginning to end. Forewarning, a lot of this is based on first-hand experience, and I'm sure that it is not reflective of all who have taken part in these events, however, I do my best to try and stay informed about these topics. Apologies if there are any oddly placed sentences, I didn't really proofread this thing before posting.

tl; dr: The early NFT craze completely soured crypto permanently in the eyes of creators, as well as in the Ethereum communities.

The Bad Beginning

Before we even get to Discord, NFT self-promotion became a big issue in communities like /r/Ethereum wherein many expressed disdain for the amount of self-promotive posts that were nothing but a low-quality animation that someone was claiming to sell as an NFT. It became such an issue that after community outcry (and remember, this is within the Ethereum community itself), the mods eventually made a post announcing that they would curb the amount of NFT spam by removing these kinds of posts. In the months that have followed. Even after all of this, the Wallstreet Bets crowd and the bitcoin maximalist crowd have basically taken over the subreddit, to the point where hardly any meaningful discussion over development of the Ethereum protocol even takes place. What's more, the amount of work required to produce a single NFT on the mainnet is so high that gas fees have been ridiculous since the craze began. These events would ultimately lead to many of the technologically capable recusing themselves from crypto after the events that transpire in the next section.

The Immoral Introduction

Beeple selling his artwork on Nifty created a figurative gold-rush in what many now refer to as the NFT Community, and at that point, something that was overlooked by so much of tech journalism while they were looking at the high prices these tokens were fetching, was the amount of harm that was being done to small creators. On twitter, for example, a bot was created that made it easy to mint any small artist's post that got sufficient traction into an NFT. This was not being done to the benefit of the creators, but rather, anonymous accounts that were trying to pass the artwork off as their own in order to make a quick buck. For may, this was the first personal experience they had with the idea of an NFT as well as crypto more broadly. At least within the circle of artists I follow, many were devastated to see their art taken like that and being bought and sold for thousands of dollars while they saw none of it, especially when those buyers never cared about their work before. To make matters worse, many who were bullish on NFT art would drop into replies critical of this practice with "Um, actually..." comments, often factually wrong or else just very poorly reading the room, that quickly got them labeled as "Crypto Bros". On top of this, the generative nature of crypto art created skepticism within the artist communities that NFTs were anything more than a tax-avoidance scheme (as ugly-in-appearance high-end art is often considered by the general public), especially when arguments about "true proof of ownership" fell flat among artists who have been exercising use of copyright (especially among communities like furries who have been creating original art of personal characters for decades) from before blockchains even existed, and for whom proof of ownership has almost never been an issue. You can look into the "Canine Cartel" debacle if you want to see more about furries and their high involvement/distain of NFT art, and how impactful that all is (something something, furries make the internet work). Alongside these issues, many began passing around infographics showing the amount of power that is required to mint an NFT. Even if many of these these platforms use sidechains now with substantially lower energy requirements, the damage is done and many of these progressive and environmentally conscious artists want nothing to do with cryptocurrency ever again (some going so far as to outright ban anyone who had ever even talked about it before on twitter, something which did happen to me personally since I occasionally talk about tech topics).

The Ubisoft Unraveling

At the start of the month, Ubisoft announced that is has plans to introduce NFT-related content into its' games, making promises about unique ownership of in-game items which is already something that can be achieved by games without blockchains: see CS:GO, TF2, Rocket League, etc., and which (for a massive AAA game studio) just feels greedy when companies like them and Activision already make money hand-over-fist from their massively popular titles, while many independent game developers barely get by. Speaking of independent game developers, those who like the idea of NFT games have garnered such a reputation for themselves creating simple asset-flips with game concepts that sound closer to a pyramid scheme than actual gameplay that Steam has outright banned NFT-related games from their platform, much to the relief of every gamer that I know of. As for independent game developers who don't partake in NFT-related activities, remember that developers generally need to hire artists to develop concept art, texture, characters, models, music, etc., and artists tend to talk to each other a lot. Furthermore, independent games rely on streamers and other creators to spread the word about their games if they want to be able to pay the bills, and so once again, word spread further and NFTs became more hated within these communities.

The Discordant Development

Finally, that brings us to the events that happened recently regarding potential crypto-integration into Discord. While it is true that a lot of crypto talk goes on in discord, these groups are often looked at as unfavorably as people like Bezos and Elon are when discord is free and thus attracts a large general population of all kinds of different communities, many of whom skew young and have student debts, maybe a mortgage, or just general financial troubles, and all of whom despise the rich. There's a reason "seize the means of production" memes track so well among younger people these days when many of them have to worry about paying next months rent while others are spending money burning energy to produce a url that points to a randomly generated JPEG. Additionally, crypto scams are common on Discord, many of which are done in DMs, but due to the small-community nature of discord, people will warn others of these scams in record time, so they have developed a "reputation" among Discord users. Also important to these communities are the creators who formed many of them. Basically every big streamer, artist, and game developer will have one or more discord communities centered around their content, with creators on Patreon often having exclusive Discord communities for those who help support them. So now with all of these storms brewing, with how important Discord is to small creators, and with how many of those creators loathe NFTs and the crowd that is favorable to them, the revolt was inevitable. Now that the CEO has rolled back the claims, all of the communities that I know of are celebrating, but also preparing for another fight in the event that this is attempted again. Never underestimate the power of small communities.

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11.11 Crypto Market Update and Trader Digest by Trader Gabi

TL;DR ICOs, trade ideas, news, profit oppurtunites

Disclaimer: I am not a financial advisor. Anything said in this report is strictly opinion and should not be used as advice. All actions are at your own risk.

Crypto Market Update and Trading Digest 11.11

By Trader Gabi

Insight

The market had a strong pull-back yesterday from false news of a Evergrande default. The Evergrande situation has been made to feel like a ticking timebomb. BTC fell from 65k to 62.5k in a matter of hours. News of a completed payment was later released from reliable sources and many in the market saw the opportunity to enter positions at substantially lower prices. The market is confidently climbing back up today.

This goes to show how quickly markets can become fearful. At the end, fear and greed are the true market drivers. It’s hard to separate oneself from the emotion of the moment and to stick to a plan, but it is vital for success. In the moment, it’s best to see these events as small opportunities. The lucrative ones will come during the large bear markets which occur in crypto.

Events like these emphasize that buying and holding long term continues to be one of the most effective strategies. Every retail trader should have a large portion of their portfolio allocated towards that purpose. Taking chances into small altcoins can be very profitable but comes at the risk of losing all your investment. There really isn’t any reason to ape all your funds into risky, small cap altcoins when some of the best protocols can still give you 2x to10x returns.

Market Update

· Crypto market rebounds after false reports of Evergrande defaulting

· Bitcoin successfully tests 63.5K support level

· Total 3 is up 3.27% and bitcoin dominance is down 1.53% signaling large amounts of money flow are going back into the altcoins.

· Render Network (RNDR) a distributed GPU rendering service in up 58% today and up 224% for the week. Entries have been hard into Render but large pull backs can open up opportunities in the future. Render will largely benefit from market moves into gaming and metaverses. They recently signed a deal with Apple and it will come standard on Apple laptops. RNDR is available on Kucoin exchange.

· Dencentraland (MANA) could be breaking out of its pennant. Look for more volume and a stronger candle on the 1-day chart for confirmation. I did a trade set-up on MANA 2 days ago. Here’s a link to that. 🔗

Bitcoin Fear and Greed Index 77 Extreme Greed

Bitcoin Google Trends 39

Major Crypto News

· Bitcoin loses 6K due to conflicting reports about Evergrande defaulting. A few news outlets began prematurely reporting that Evergrande had defaulted on their payments causing crypto markets to flash crash. Bitcoin dipped as low as 62.8k in a matter of hours. The reports turned out to false.

· US congress is holding a much needed ‘demystifying crypto’ committee hearing on Nov 17. There will be a panel of industry experts speaking at the hearing.

· Proshares Bitcoin ETF is in the 2% percentage of volume for ETFs. BITO traded $400M yesterday. This is further proving that institutions want more exposure to bitcoin and crypto in general.

· Miami to start giving MaimiCityCoin holders Bitcoin dividends. This could become an innovative way to help fund cities and projects in the future. NYCityCoin was released today. What does it have in store with a crypto-friendly mayor at the helm?

Notable Events

· Parachain Auctions/Crowdloans are officially live on Polkadot (DOT). These are some of the best investments in crypto.

· Lighthouse begins registration for the IDO of Moonscape (MSCP) P2E game. These IDOs can be lucrative as prices usually surge right after launch. 🔗

· Coin Bureau does a deep dive into Decentraland (MANA), one of the top Metaverse projects in crypto. Coin Bureau is one of the most respected crypto content providers on Youtube. His reviews often hold a lot of weight. 🔗

· Codi Finance is currently having an IDO for its native token CODI. Codi finance is a decentralized lending and borrowing protocol on Solana. You can currently get 5000 CODI for one Solana. 🔗

NOOB Lesson of the day

What is a decentralized stablecoin?

Yesterday I gave some basics about stablecoins 🔗 . A decentralized stablecoin works much the same, but there is no third-party control when it comes to decentralized coins. They utilize algorithms, smart contracts and supply/demand structures to keep their peg. Decentralized stablecoins are fully transparent on a publicly verified blockchain. UST and DAI are some of the more common decentralized stablecoins.

Why is the market slowly transitioning to decentralized stablecoin?

Centralized stablecoins are backed by collateral that is controlled by an institution. Tether, the makers of USDT, back their USDT coin with variety of methods to include fiat, bonds, corporate debt and even some crypto. Coin Bureau did an excellent video on the topic🔗 in July. The centralization of these assets turn these institutions basically into large unregulated banks. The risk here could be tremendous.

The issues with centralized stablecoins has caught the eye of US regulators. Some talks are going as far as to track all transactions. The President’s administration has even claimed they will enact measures if nothing is done. Many predict that along with tracking will come taxing and loss of privacy.

Decentralized stablecoins are trustless in nature and often there is no central entity to regulate. If regulators start enacting strong restrictions and tracking on centralized versions, you can expect the market to start swaying towards decentralization. This is a trend that has already begun.

If you read yesterday’s report, there are ways to profit off the trend into decentralized stablecoins under the LUNA section. 🔗

Thank you all for the continued support. I am always open to suggestions. My goal here is to open your mind to crypto, keep you up to date and to help you be aware of the many opportunities out there. If you ever have questions about the content or feel confused, feel free to message me on twitter @ TraderGabi or text if you have my number. Thanks for the continued support.

Gabi

P.S. Tomorrow I’ll give a basic run-down on Polkadot Crowdloans and why they’re one of the best long term investment opportunities in crypto. I’ll also tell you which ones I’m personally investing into.

Leverage Wipeout? Why Bitcoin Dropped 5% And Could Re-Test Low Levels

Bitcoin has chosen violence with a sudden move to the downside resulting in a 5% loss in the daily chart. As of press time, the first crypto by market cap seems to be recovering as it moves back to the mid-zone of its current levels. Related Reading | Bitcoin Maximalism – Crypto Survivors and OG’s Could Make a Case to Differ Bitcoin trades at $65,442 still with a 3.6% profit in the daily chart. In the short term, BTC’s price has found support at these levels, but could see further downside if it dropps below $63,000. To the upside, much of the resistance has disappeared and BTC seems poised to, at least, attempt to take the high area near its next all-time high, $70,000. Above those levels, data from Material Indicators still records $62 million in potential ask orders around those levels. In the derivatives sector, Bitcoin’s flash crash resulted in some leverage positions being wipe-out. As seen below, the leverage ratio across exchanges took a dive after seeing an explosion in mid-October. These levels are still much higher than it May, 2021, when Bitcoin saw one of its most severe corrections crashing from its previous all-time high to the yearly open, near $29,000. Thus, as more traders turn bullish on BTC’s price recording more gains, the leverage ratio could increase. This leaves the market open for sudden moves as liquidation cascades forces the price to trend to the levels where most operators would sell, willingly or not, their positions. Related Reading | Bitcoin Extends Correction, Why The Bulls Might Take Back Step Analyst David Puell explored Bitcoin’s crash and recorded an increase in Open Interest with positive premiums on exchange platform Binance, one of the largest in the world. Puell Said: OI acts as fuel to to the fire to the above as predictor of a liquidation event. Liquidity can be grabbed on the downside by smarter players. Binance holding the OI makes the bearish signal more reliable. Liquidation event is likelier given that CME (Chicago Mercantile Exchange) can only go 2x. Why $100K Per Bitcoin Could See Some Obstacles However, as the event unfolded Puell recorded a shift in the premium for derivatives to a discount. This has made the analyst flipped for a completely bearish bias to believe the moved to the downside could have been healthy for Bitcoin. Still, the price of BTC must remain consistent as it seems to enter another consolidation phase. There are other factors that could bring volatility into the market, such as the activation of Taproot, Bitcoin’s upgrade, which should be activated during the week or at some point next week. Related Reading | Bitcoin Supply Looks Illiquid As Long-Term Holders Keep From Selling As this data shows, the path towards more gains in Q4, 2021, could prove difficult. In addition, the macro-outlook turns complexes. Yesterday, Bitcoin appeared to have reacted to a potential default from the Chinese real state company Evergrande. While it looks like #Evergrande didn't default as initially reported, these rumours have been affecting financial markets (S&P 500 shown here) and #Bitcoin negatively. Bitcoin's price is now down by roughly 4% to around $64.5k pic.twitter.com/NEIK9QP1wB — Jan Wuestenfeld (@JanWues) November 10, 2021

https://www.newsbtc.com/news/bitcoin/leverage-wipeout-why-bitcoin-dropped-5-and-could-re-test-low-levels/

Bitcoin

An asset as volatile as Bitcoin isn't a good hedge against anything, but it's a good narrative

I see often the idea that crypto is a good hedge against inflation - any asset that can lose over 50% of its value a matter of weeks is not a good hedge against anything. While Bitcoin has a clear upward trend that is likely to continue as it usurps physical commodities like gold and silver, and is less volatile over time, it can still lose a massive amount of value against the dollar in a short amount of time. The value dropped 55% from its high in April to its low in June, and that wasn't even from a blow-off top event like the bull cycle will likely end in. The previous bull cycle blow-off top resulted in a 70% reduction in price in two months.

The idea that Bitcoin, or anything that can predictably lose over two-thirds of its value in a matter of months, is a good hedge against inflation reads like hopium masquerading as a simple responsible financial decision. However, when the bottom falls out at the end of the bull cycle, there will be a lot of people who lose far more money to bad crypto trading than to price increases on goods. While they could hold until the next bull cycle and still come out ahead, you're looking at several years.

People should take anything that makes an asset as volatile as bitcoin sound responsible extremely critically. Even on a long timescale, the idea that bitcoin is a "hedge against inflation" is only reasonable under assumptions that don't fit many people, like stable employment, having money to set aside, and otherwise healthy financials. It also assumes crypto regulations, which I think will come in heavy after this bull cycle completes and people become upset, won't have an effect on the trends of the last several years. It is possible people convinced of the narrative as the bull cycle continues will lose 50% of an investment they made out of fear of their dollars being worth 2-5% less a year.

It is, however, a spicy narrative when inflation fears are running rampant.

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Nexo sign-up bonus $25 in bitcoin plus up to $25 from me

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Use my referral link to make account
Complete advance KYC
Leave 100 USD worth of cryptoo
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Please leave a comment below if you used my link and completed the steps

If i win the referral contest I will be giving bonuses in USDT to those who used my link

1-10 place : 25$ USDT

11-20 place :20$ USDT

21-30 place: 15 USDT

31-40 place: 10 USDT

41-50 place: 5 USDT

disclamiar: Event ends 12/31 and if I don't win I will not be messaging each user

Nexo sign-up bonus $25 in bitcoin plus up to $25 from me

All you have to do

Use my referral link to make account
Complete advance KYC
Leave 100 USD worth of cryptoo
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Please leave a comment below if you used my link and completed the steps

If i win the referral contest I will be giving bonuses in USDT to those who used my link

1-10 place : 25$ USDT

11-20 place :20$ USDT

21-30 place: 15 USDT

31-40 place: 10 USDT

41-50 place: 5 USDT

disclamiar: Event ends 12/31 and if I don't win I will not be messaging each user

Nexo sign-up bonus $25 in bitcoin plus up to $25 from me All you have to do

All you have to do

Use my referral link to make account
Complete advance KYC
Leave 100 USD worth of cryptoo
After 1 month you get 25$ in bitcoin + w/e you make staking your crypto in the process

Easy 25%+ return

https://nexo.io/ref/yfdo4ae4pw?src=web-link

Please leave a comment below if you used my link and completed the steps

If i win the referral contest I will be giving bonuses in USDT to those who used my link

1-10 place : 25$ USDT

11-20 place :20$ USDT

21-30 place: 15 USDT

31-40 place: 10 USDT

41-50 place: 5 USDT

disclamiar: Event ends 12/31 and if I don't win I will not be messaging each user

Nexo sign-up bonus $25 in bitcoin plus up to $25 from me All you have to do

All you have to do

Use my referral link to make account
Complete advance KYC
Leave 100 USD worth of cryptoo
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Please leave a comment below if you used my link and completed the steps

If i win the referral contest I will be giving bonuses in USDT to those who used my link

1-10 place : 25$ USDT

11-20 place :20$ USDT

21-30 place: 15 USDT

31-40 place: 10 USDT

41-50 place: 5 USDT

disclamiar: Event ends 12/31 and if I don't win I will not be messaging each user