Wednesday, September 21, 2022

3 weeks ago, I swapped my ETH back to BTC because of the BTC dominance. This is what I'm going to do next to grow my BTC amount.

I shared a post mentioning that I'm DCA my ETH back to BTC because BTC dominance has hit an all-time low in the past 1666 days. And there's no other upcoming big news and narratives after the merge, so I assumed that BTC dominance would bounce back up in the following months.

ETH/BTC price and BTC.D ratio

I still believe BTC dominance will gradually recover until the next bull market. Ideally, I should swap everything back to BTC and waiting for the BTC dominance to form a local top, then buy back the alts that I'm willing to hold. But if I do that depends on my gut reaction; it'll quickly fall into a "Buy high sell low" play.

Strategy to grow my Bitcoin in the following 2 years

Instead of timing the top or bottom, I prefer DCA to whatever my strategy is. Not just simply DCA my dollars to BTC.

If you guys followed my previous post, I shared my Bitcoin strategy, which aims to increase my BTC amount. ➡ You asked for it, and here it is! My Bitcoin strategy after DCA with my paycheck)

It's the strategy that profits from the correlated pattern between BTC and ETH.

correlation between BTC and ETH

In simple words, hold BTC at ①; sell BTC to ETH at ②, and buy back BTC with ETH at ③. You can read my previous post if you're interested in more details.

Don't time the entry, DCA Bitcoin into the strategy

So I have done a quick backtest. What if I DCA my Bitcoin into the strategy, let's say 1 BTC per month? Here are the results:

A. DCA into the strategy with 1 BTC every month for the last 24 months.
B. DCA into the strategy with 1 BTC every month for the last 6 months.

	total investment	final value	ROI (in BTC)
A (long term)	24 BTC	30.73 BTC	28.04%
B (short term)	6 BTC	7.5 BTC	25%

Although the past results do not mean it'll be the same in the future, I still feel like this strategy is worth running, so I'm going to record and share my whole journey with you all.

Getting started

Just a quick note and a brief summary of what I'm going to do now

Goal: Earn more Bitcoin.
Strategy: Profit from the highly correlated pattern between BTC and ETH.
Tool: Grid trading bot.
Investing method: DCA Bitcoin into the strategy to spread my entire investment. OR Add more Bitcoin when there's a black swan event.
Invest period: Around 2 years.

Cause the ETH/BTC price dropped from 0.085 to 0.07 after the merge, it's a good time to start the strategy for me.

Date	Investment	BTC Price	ROI
9/21/2022	0.75 BTC	$18,826	-

I'm running this strategy on Pionex; here's the step-by-step guide cause some of you asked me for that in the last post.

Step-by-step guidance: https://www.pionex.us/blog/how-to-start-pionex-long-term-bitcoin-earning-strategy/

Here's the proof that I just started the strategy today 👇

https://preview.redd.it/2r16vpen4cp91.png?width=1170&format=png&auto=webp&s=2d75218f4df0a36eef86287d46f2f5354e3def79

I'll add some more funds and share the latest performance every month, wish me luck!

Update

The United States Federal Reserve has raised the interest rate in the United States to a level that everyone was expecting. While it is good that that it wasn’t any higher, it was still historically high.

So there is a bit of temporary relief on the market since things went according to plan. But don’t be fooled. This event has caused it’s damage already and has the potential for more downside. It has already turned Bitcoin’s levels of support around $19k into resistance which could lead to a further breakdown if this resistance isn’t broken.

Thank you to all who held their ground. Thank you to all who asked questions. Thank you to all who remained positive. We are building something very special. Medium article coming soon as well as an AMA announcement. ❤️ #InuCrew

Cardano Rumor Rundown September 21, 2022

Hey Everyone!

Let’s go….

Newly Covered Today:

Colorado decided to let people pay their taxes in crypto via Paypal. Wyoming points out that it’s way more crypto to not even have state personal or business income tax. https://twitter.com/CaitlinLong_/status/1572237017169403904
Virtua’s land plot mint will go live today (Sep 21) for 12 hours at 4pm UTC. https://twitter.com/VirtuaMetaverse/status/1572260495377170435
Researchers including Dionysis Zindros propose a superlight client operating on proofs of proof-of-stake that will work in Cardano, Algorand, or Ethereum. https://arxiv.org/pdf/2209.08673.pdf https://twitter.com/dionyziz/status/1572068211465519108
Notable Cardano technical commentators have a discussion about the maximum number of outputs that are possible in a single Cardano transaction and the numbers are very impressive indeed. https://twitter.com/eternlwallet/status/1572234973012271105
Tim Harrison says we are now at 73% exchange readiness by liquidity for Vasil. https://twitter.com/timbharrison/status/1572286867143524353

Previously covered, but still interesting:

Here’s some very interesting discussion on Hydra vs. ZK-Rollups in Cardano. https://twitter.com/_KtorZ_/status/1560008315597365252
Lots of talk about the potential censorship problems in the ETH All Core Devs call today. Just a reminder that Cardano currently doesn’t have these problems since different architecture (e.g. No Flashbots-esque MEV-centric middleware). https://youtu.be/jJaCaS0WbIw
LiqwidDAO wants to form a Nonprofit Association in Switzerland to be situated in a jurisdiction with some regulatory clarity. https://discord.com/channels/759807412688388136/981259898551664650
Virtua has released some images of the condo towers. https://twitter.com/VirtuaMetaverse/status/1560353042997940225
C’mon Canada! Selective caps on crypto transactions now?!? https://twitter.com/mochains/status/1559971309597122560
Cornucopias Custom Dome information is here along with game play footage. https://drive.google.com/file/d/1S3m_04-6hGmBPmeP74sZzbIFJIIPeoTC/preview https://twitter.com/RobGreig3/status/1560984962995818499
Charles addressed the dialogue around 1.35.3 on Friday (8.19) and it looks like everything has been resolved by August 20.The path for all SPOs to upgrade to 1.35.3 looks clear. https://twitter.com/IOHK_Charles/status/1560666160861184001 https://www.youtube.com/watch?v=K85M3c4VfBQ https://twitter.com/IOHK_Charles/status/1561077286807318529
Apparently, MuesliLending will be a thing. https://twitter.com/MuesliSwapTeam/status/1560672945210503169
Coinbase has done a great job of summing up the regulatory progress in crypto in a single chart. https://twitter.com/brian_armstrong/status/1561455357448183808
Ready Player Me who Cardano knows as the avatar provider to metaverse projects like Reach and Pavia just got a $56 million Series B from a16z. https://twitter.com/readyplayerme/status/1562032070251032576
Nick Szabo made a very important prediction about Ethereum half a decade ago that seems to be coming true (in a bad way). Luckily, Cardano is not suffering the same fate. https://twitter.com/phyrooo/status/1562118994353700864
Virtua gave us a little peek at what looks like the actual location of the towers on Cardano Island. https://twitter.com/VirtuaMetaverse/status/1562145145901891588
Cornucopias has dropped their custom dome video. https://www.youtube.com/watch?v=aL_4dTFKyJk
The 1.35.3 adoption continues to climb today (Aug.24). https://pooltool.io/networkhealth
Vasil Progress today is showing 40% of blocks in Epoch 359 and 54% of Nodes reporting version 1.35.3. https://pooltool.io/networkhealth
Apparently Tether want’s the world to know they haven’t frozen any TornadoCash related addresses. But, they’ll be happy to comply as soon as they are told to do it. https://tether.to/en/tether-holds-firm-on-decision-not-to-freeze-tornado-cash-addresses-awaits-law-enforcement-instruction/ https://twitter.com/Tether_to/status/1562468486886346753
It looks like MuesliSwap is now in Private Beta Mainnet for its Hybrid Dex. Vasil era dApps are starting to feel very close. https://twitter.com/MuesliSwapTeam/status/1562425751005442051
Coinbase is now getting in on the staking derivatives party. I wonder how much of the total delegation of ETH will end up centralized in this way. https://twitter.com/CoinbaseAssets/status/1562476695357358080
Congressman Emmer is formally asking Janet Yellen how OFAC can sanction something that’s not a person or an entity but just code. https://twitter.com/RepTomEmmer/status/1562084891247902721
It looks like you can now add data to your ADA Handle. https://twitter.com/adahandle/status/1562832083289968640
IOG has released a really nice video on the Mongolia trip. https://www.youtube.com/watch?v=-FmWy1MjuN4
IOG has released a Vasil rollout status thread. https://twitter.com/InputOutputHK/status/1562865831708528645
Carda Station will be releasing a bunch of new features on August 30th including ReadyPlayerMe indoor avatars. https://twitter.com/InputOutputHK/status/1562865831708528645
Cardano is the top ranking cryptocurrency ecosystem in terms of “brand intimacy”…whatever that is. https://mblm.com/lab/brandintimacy-study/industries/crypto/
It looks like the Tornado Cash developer arrested by Dutch authorities used to work for a firm that supported the FSB. https://fortune.com/2022/08/25/tornado-cash-developer-russian-fsb-linked-compan
Hi! Welcome to JP’s house of S&M. My name is Jerome Powell and I’m going to cause you “some pain.” https://www.youtube.com/watch?v=zJ3sEeArWlw https://www.cnbc.com/2022/08/26/powell-warns-of-some-pain-ahead-as-fed-fights-to-lower-inflation.html
It looks like we made it to 79% of SPOs upgraded to 1.35.3 today (Aug 28). https://pooltool.io/networkhealth
Cardano is among the cryptocurrencies that will be serviced by the new venture between Mastercard and Binance. https://twitter.com/cz_binance/status/1563713718902558720
Cointelegraph published an article on crypto as an inflation hedge by Maladex founder Jarek Hirniak. https://twitter.com/CardanoMaladex/status/1563970082362892288
There are disturbing allegations around a law firm & a certain Cardano competitor chain. https://twitter.com/cz_binance/status/1563993112451682307
IOG will be launching a free self-paced Haskell Bootcamp course in September. https://twitter.com/InputOutputHK/status/1563239111120781315
Here is a detailed rundown of the Vasil upgrade status of stakepools, exchanges, dApps, and downstream components. https://iohk.zendesk.com/hc/en-us/articles/7981157534105-Third-party-readiness-for-Vasil-upgrade
Apparently, even ZK-Rollups on Ethereum are more expensive than Cardano’s base layer. https://l2fees.info/blog/rollup-calldata-compression https://twitter.com/dmihal/status/1564261243329937413
Check out this map showing World Mobile airnodes in Zanzibar. https://wmtscan.com/
IOG has donated $4.5 million for a new Blockchain Research Hub at Stanford University. https://www.coindesk.com/business/2022/08/29/cardano-builder-iog-funds-45m-blockchain-research-hub-at-stanford-university/
IOG has open sourced Mithril. https://twitter.com/InputOutputHK/status/1564278732050817029 https://github.com/input-output-hk/mithril
There is a lot of metaverse attention these days. Blackpink won a “Best Metaverse Performance” award at the VMAs while Eminem and Snoop actually performed as PFPs in a metaverse-like setting. https://twitter.com/MTVNEWS/status/1564031771821457409 https://twitter.com/MTVNEWS/status/1564078580602208256
It looks like Charles has invested in Pezesha, a Kenyan lending platform. https://twitter.com/hildamoraa/status/1564564886331559936
Tell me that Ethereum already knows it’s staking system is terrible without telling me it already knows. https://twitter.com/StakeWithPride/status/1564583964429279233
A Solana DeFi platform accidentally “closed” its application and now “it’s not recoverable”. https://twitter.com/OptifiLabs/status/1564367455220219904
ADA Realm is showing us more of their avatars. https://twitter.com/AdaRealm/status/1564676410945552392
Even the FBI is talking about the Robbery Forest now. https://twitter.com/FBI/status/1564337233217273857
Future Fest has fleshed out some more of its ideas around human gig work in the metaverse. https://twitter.com/futurefestxr/status/1564702490964025345
Daily volume on OpenSea has dropped 99% in 90 days! https://cointelegraph.com/news/looks-bare-opensea-turns-into-nft-ghost-town-after-volume-plunges-99-in-90-days
Here’s the latest Vasil upgrade status report from IOG. https://twitter.com/InputOutputHK/status/1565028360136400896
ReadyPlayerMe indoor avatars along with multi-player racing are now live in Carda Station. https://twitter.com/Carda_station/status/1564815029052100608AADA is apparently launching its borrowing and lending platform on September 13. https://twitter.com/AadaFinance/status/1564877533199351811 https://twitter.com/mandriuska/status/1564890212148420608
Sorry crypto! It turns out code is not law. https://www.theverge.com/2022/8/31/23330458/crypto-dot-com-typo-mistake-refund-audit https://twitter.com/Andrea_Tosato/status/1564782498093080576
Cardano is now on Robinhood! https://twitter.com/RobinhoodApp/status/1565323169409351681
We are in the very first phases of people understanding the immense power of machines. https://twitter.com/GenelJumalon/status/1564651635602853889 https://twitter.com/N8iveToEarth/status/1565412568411553792
Test versions of Daedalus upgraded for Vasil are now out. https://twitter.com/InputOutputHK/status/1565376258841759746
IOG released a whole article on zero knowledge proofs. https://iohk.io/en/blog/posts/2022/09/01/zk-snarks-updatable-setups-on-the-blockchain/
If you want to pick up some really interesting ADA Handles that might have great sub-handle potential, please consider buying one from Kyrylo. There is an important back story here (as related on Kyrylo’s website): He is a Cardano community member from Ukraine (now a refugee with his family and 3 year old daughter). He is selling his ADA Handles to help pay for treatment of his father’s aggressive lung cancer. https://twitter.com/kirill4mula/status/1564207490283208704 https://kir.life/adahandle.html#why
Coinbase is finally “in progress” on their Vasil upgrade! https://twitter.com/timbharrison/status/1565734958706065409 https://iohk.zendesk.com/hc/en-us/articles/7981157534105-Ecosystem-readiness-for-Vasil-upgrade
Vasil is coming September 22nd. https://twitter.com/IOHK_Charles/status/1565742403931508738
Twitter finally gave Tim Harrison a blue check mark. https://twitter.com/timbharrison/status/1566314586311213056
ADA Handles has released a video on sub handles. https://twitter.com/adahandle/status/1566801869225148417
It’s not just projects who become victims of the Robbery Forest. https://twitter.com/ThaMacroMan/status/1566793334303121409
If you want a solid rundown of metrics on other L1s for comparison to Cardano, check out “Just the Metrics” by Sooraj & Laura. https://just-the-metrics-newsletter.beehiiv.com/ https://twitter.com/Soorajksaju2/status/1566768702909022208
Alessandro of SpaceBudz has unveiled some details on Lucid, his easy to use Javascript library for building dApps on Cardano. https://twitter.com/berry_ales/status/1566870570024706057
It looks like Reach Metaverse is going to be live on September 30th? https://finance.yahoo.com/news/reach-announces-largest-live-cardano-224600908.html
Pavia dropped a video showing portals and is talking about token gated portals. https://twitter.com/Pavia_io/status/1567146448403193857
Joshua Miller is transitioning from IOG to become the VP of Partnerships at CWorld which is a joint venture between IOG and Wave Financial that will focus on Cardano Web3. https://twitter.com/CWorld_Josh/status/1566896063750889472
The reductions in transaction fees and transaction size under Vasil appear to be huge! https://twitter.com/IOHK_Charles/status/1567192925871939584
Binance is apparently forcing “auto-conversion” of some user stablecoins to their own stablecoin? https://www.binance.com/en/support/announcement/e62f703604a94538a1f1bc803b2d579f?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial https://gizmodo.com/binance-stablecoin-usdc-crypto-1849499652 https://twitter.com/PaxosGlobal/status/1567196183084531712
You can now short Cardano NFTs! https://www.guchi.io/ https://twitter.com/guchi_io/status/1567251808430555136
Virtua just dropped their first Dev update. Jawad gave a nice rundown of what’s happening with Cardano Island. It sounds like there will be a few weeks of testing and then the land claim will go down. https://youtu.be/6ztvEmv9AoQ
Indigo says it has completed Vasil integration. https://twitter.com/Indigo_protocol/status/1567498585775738882
Pavia is hinting a leak. From the hashtags it possibly involves lore related to Pavs. https://twitter.com/Pavia_io/status/1567550847701090305
There is now a Cardano wallet-to-wallet chat system called Mercury Chat. https://twitter.com/TheAvatarNick/status/1567234721016414215 https://twitter.com/MercuryChatio
Voteaire is now available for projects to accomplish governance. https://medium.com/@voteaire/voteaire-is-here-79adf0d514f7
Army of Spies has been included in the ten SPO finalists for the MuesliSwap governance vote starting today (Sept. 9). https://twitter.com/MuesliSwapTeam/status/1567929613036277765
Virtua is having a Kevin Hart metaverse event tomorrow. https://twitter.com/virtua_official/status/1567944755065098240
Charles has released a video on the energy and climate implications of crypto in the U.S. https://youtu.be/TEpC2PN2IGY
Reach is currently making the transition from Reach Metaverse 1.0 to Reach Explorer 2.0. https://twitter.com/ReachMetaverse/status/1568019464238628866
ADA Whale makes a very good point regarding VC money in Cardano. https://twitter.com/cardano_whale/status/1567872786504511488
The Carda Station Community Hub is now open. https://twitter.com/Carda_station/status/1567596291324010497
Reach metaverse has a new website. https://app.reachcloud.org/
There is a Cardano based social media platform launching. https://twitter.com/chain_lobby/status/1563599278874185734
Sooraj makes an interesting point about the number of delegators in Cardano compared to some competitors. https://twitter.com/Soorajksaju2/status/1568686884905447424
ADA Handle has released a thread about subHandles. https://twitter.com/adahandle/status/1568683214541299712
Joseph Delong has an interesting take on what 80% of crypto twitter is actually doing. https://twitter.com/josephdelong/status/1568626489066668042
Liquid has begun its audit of the Agora Governance contracts with Vacuum Labs. https://twitter.com/liqwidfinance/status/1569340260659625987
Reach has released info on the distribution of plots (eg. grass, beach, snow, etc.) in their metaverse. https://discord.com/channels/809466032237969460/926198215114625024
Virtua released Dev Update #2 which gave us a nice behind-the-scenes look at production in their studio. https://www.youtube.com/watch?v=awRbJKuOkJc
A lot of new Vasil upgrade readiness shown here. https://iohk.zendesk.com/hc/en-us/articles/7981157534105-Ecosystem-readiness-for-Vasil-upgrade
Cardano is still crushing the competition in terms of active developers. https://medium.com/contora/new-leader-top-crypto-projects-by-technology-development-ccdc65c29ac9 https://twitter.com/Contora_/status/1569415298155008002
Here’s an interesting revelation about how Solana stores the block history (hint: google). https://twitter.com/MicheleHarmonic/status/1569368081507532802
Check out this demo of “Edendale” from Reach Metaverse. https://www.youtube.com/watch?v=vx8nhChvrIE
NMKR is introducing NFT licenses to delineate what you can and cannot do with NFTs. https://twitter.com/nmkr_io/status/1569566543763361793
P2P lending and borrowing is now live on AADA. https://twitter.com/AadaFinance/status/1569674268723630080
There’s a new video about the IOG Stanford Blockchain Research Hub. https://www.youtube.com/watch?v=Fi__9JDTPzY
The US August CPI inflation report (8.3%) was not loved by the markets. https://www.ft.com/content/96bb6e37-9116-47d9-98f3-5cee3e9c7c09 https://www.bls.gov/news.release/pdf/cpi.pdf
If you are going to Rare Bloom and haven’t booked your room yet, remember the hotel discount ends on September 24th. https://twitter.com/bigpeyYT/status/1569430504054603777
Only 8 days until Vasil!!!!
The U.S. national average on 30 year mortgages is now over 6%. You know what rising mortgage rates do to the demand side of that market? If you were an adult in 2007, you already know the effects the housing market can have on other markets. https://www.bankrate.com/mortgages/30-year-mortgage-rates/
The US Treasury is now saying it’s okay to publish the Tornado Cash code. https://home.treasury.gov/policy-issues/financial-sanctions/faqs/1076
There is an arrest warrant out for Terra Luna founder, Do Kwon. https://www.cnbc.com/2022/09/14/south-korea-court-issues-arrest-warrant-for-terraform-founder-do-kwon.html
Apparently Atala Prism is a part of some kind of “future digital infrastructure development” in Japan. Check out Project #8. https://twitter.com/sakepool_ada/status/1569969212617281536
There’s a free NMKR airdrop afoot. https://twitter.com/Padierfind/status/1570134774454554624
Cardano has struck a partnership with the Georgian National Wine Agency to provide a traceability solution for the nation’s wine production! https://twitter.com/CardanoStiftung/status/1570489271710289921 https://cardanofoundation.org/en/news/cardano-foundation-partners-with-georgian-national-wine-agency/
ADA Realm says it is going to launch its own marketplace in Q4. https://twitter.com/AdaRealm/status/1570480257454714880
Less than a day after the Merge, Ethereum users are starting to realize just how centralized ETH POS really is (whether you count Flashbots–who hard coded in the OFAC list–or not). https://twitter.com/santimentfeed/status/1570339602346684416
There’s a new Cardano Island AMA with some new details. https://blog.virtua.com/virtua-news/cardano-island-update-september-13-2022/
There’s an Eternl update coming out today (Sep 15) and it has a fiat onramp for ADA. https://twitter.com/eternlwallet/status/1570340765179715586
Senator Pat Toomey says that Gary Gensler owes the American people an explanation of how and why he intends to apply SEC regs to crypto. https://twitter.com/SenToomey/status/1570412249365319686
Maladex hints at something coming on the 28th of September. https://twitter.com/CardanoMaladex/status/1571469106569965569
Fidelity now has both a “Crypto ETF” and a “Metaverse ETF”. Neither one really seems to match the definition I would attach to that label. https://www.fidelity.com/etfs/different-types-of-etfs
The Vasil update proposal has been submitted to the chain! https://twitter.com/InputOutputHK/status/157155844597049753
Just the Metrics lays out a nice comparison between the proof-of-stake systems of Cardano & Ethereum. https://just-the-metrics-newsletter.beehiiv.com/p/special-issue-ethereum-pos-vs-cardano-staking-decentralization-compared
3D Kiwi now has regression based heatmaps to help estimate values. https://pavia.3dkiwi.io/heatmap_pred/pavia
EdnStuff posts a few interesting pie charts on holder concentration in Bitcoin, Cardano, Algorand, and Ethereum. https://twitter.com/EdnStuff/status/1570997096496627716
Do you want to see what a slap to the face of the SEC looks like? Here’s CFTC Commissioner Caroline D. Pham touring Ripple labs. https://twitter.com/CarolineDPham/status/1571911498619813890
Maladex says the surprise coming on the 28th is not the platform launch but something big. https://twitter.com/CardanoMaladex/status/1572002320808030211
Carda Station will be conducting a mint of three different types of vehicles that will be usable in their metaverse on Sep 25th. They have also unveiled their new website. https://discord.com/channels/908827661504237599/909005782790586379 https://www.cardastation.com/
Apparently there’s a thing called NMKR Games and they’re making a Web 3 MMORPG called Rogue Galaxies. https://www.nmkr.io/blog/rogue-galaxies

~Army of Spies

A week after the "Merger". First results and forecasts for Ethereum.

Experts assessed the dynamics of the leading altcoin after switching to a new algorithm and assessed its future prospects.

On the eve of the update, the rate of the second largest cryptocurrency by capitalization has grown by more than 20% in two weeks - from levels of about $1.4 thousand to $1.7. But while the Merger was a success, Ethereum’s price dropped 15% in the week since, according to CoinGecko. In general, the transition of Ethereum to staking clearly did not live up to expectations: it was predicted that this event could lead to a strong increase in the value of the coin, but the reality turned out to be different, over the past week the rate has noticeably decreased, although the same trends are true for bitcoin and other cryptocurrencies .

According to our experts, the overall economic and financial environment outweighs all positives. Fundamentally, all markets, including cryptocurrency, are now under pressure from the prospect of the global crisis, the rapid growth of inflation in developed countries, as well as the increase in rates by the central banks of the world and, first of all, the Fed, analysts explain. Although, from a technical point of view, there were no noticeable deteriorations or improvements. Only the news background has changed. In the current context, the good news is that the project has become more environmentally friendly after moving away from mining. The negative aspects include the questions that have arisen regarding the greater centralization of validators than previously with mining and full nodes (a separate network node located on the same computer), pressure from financial regulators on coins with the PoS algorithm (attempts to recognize them as securities) and, of course, , departure of miners.

“As long as everything goes according to the original plan, it’s impossible to talk about failure, although it’s too early to consider the transition a victory,” says Konstantinas Sizovas, CFO of the ASTL investment project, “the fall in the price of Ethereum is due to the fact that it has long been reflected in the renewal of the network and the asset was fairly overbought. With the event itself, the hype subsided and demand was obviously lowered, which accelerated the fall."

Since already tonight we, in all likelihood, will learn about a new increase in the rate of the American Central Bank (+0.75-1 p.p. is predicted immediately), this will definitely lead to another decrease in cryptocurrencies. ETH can lose at least 5-7% of its value per day. Konstantinas Sizovas expresses confidence that the recovery of not only Ethereum, but the entire market is possible with a decrease in key rates and the growth of the global economy. And this will obviously not happen soon.

If the asset cannot stay above the price of $1.43 thousand, the rate will move to the level of $1.11 thousand and then to $1.02 thousand. If at least some of the risks are removed (for example, a coin is not recognized as a security), then $1.93 thousand will act as a support level. Long-term expectations are, in principle, positive, which is explained by the fact that the new consensus model will create an artificial shortage of tokens circulating on the market, which will lead to a natural price increase. Expectations from the next stages of the big ETH 2.0 update may also have a positive effect. Konstantinas Sizovas explained that the transition to PoS was only one of the stages, albeit the most noticeable for the media.

But Ethereum still expects sharding in the future, which will increase network bandwidth by several orders of magnitude, our financial analyst said. He explained that sharding is a method of partitioning and storing a single logical set of data as multiple databases. Using Ethereum as an example, it will be divided into 64 separate blockchains that will be able to exchange data with each other, but at the same time process transactions independently of each other.

In such conditions of increasing "raids" from government regulators, high market volatility and "tremor" of cryptocurrency rates, ever higher Fed and ECB interest rates, ever-increasing inflation and even higher inflation expectations - the most reliable and stable way not only to store own funds in cryptocurrency, but also receive a stable passive income - investing your cryptocurrency or fiat assets in the ASTL project (https://astl.io) with stable ROI payments up to 18% per annum on initial investments that do not depend on crypto market fluctuations, and in stable cryptocurrency - USDT.

Metaverse Technology

Metaverse technology refers to virtual world in which people can interact with each other for hold meeting, gaming, buying property, business opportunities. Nowadays, with the increasing use of computers and technology, the value of metaverse technology is increasing with time. By metaverse technology, a digital, virtual, and 3D universe formed by merging virtual spaces and physical world. People and users can enter this digital universe and interact within metaverse.

Advantages:

• It helps to connect the world.

• Upgrade social interactions online.

https://preview.redd.it/zk81tqa208p91.jpg?width=1080&format=pjpg&auto=webp&s=9431800fd0bb6e2ab6ca1a24263c4a514eb66536

• Improve social media.

• New business opportunities.

• Enhancement to online learning and education.

• Positive effect on cryptocurrencies and NFTs.

• Improvements to gaming.

• New opportunities for financial profit.

• Advancement to the work environment.

• Immersive experience.

There are some elements of a metaverse:

• Digital currency

• Gaming

• Digital assets

• Infrastructure

• No fungible tokens (NFTs)

• Workplace

• Digital humans

• Online shopping

• Device independence

• Marketplace/digital commerce

• Natural language processing

• Concerts, social and entertainment events

There are seven layers of the metaverse technology:

• Experience –Games, social, esports, theatre, shopping.

• Discovery—Ad networks, social, curation, ratings, stores, agents.

• Creator economy—Design tools, asset markets, workflow; commerce.

• Spatial computing—3D engines, VR/AR/XR, Multitasking UI.

• Decentralization—Edge computing, AI agents, micro services, blockchain.

• Human interface—Mobile, smart glasses, wearables, voice, gestures, neural.

• Infrastructure—5G, Wi-Fi 6, 6G, Cloud, MEMS, GPUs, materials.

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A list of the best crypto research tools to help during this bear market

I've been involved in crypto for over 5 years now and I've seen a lot of wasted potential, scams, easily avoided mistakes, and negligence. However, I do also understand that in the grand scheme of things, cryptocurrency is still fairly new.

We recently had the Ethereum Merge which was met with a lot of differing opinions; some good, some bad. The reason I believe I've done so well in Crypto is that I've done my research, and I'd like to help you guys do the same.

This is a list of tools that I've been using on a daily basis and come to love, some are new, and some are already well known.

Glassnode

I use glassnode for gauging the current crypto sentiment

If you love raw data, glassnode offers that. Not only is it incredibly clean to read, but it also offers a huge range of data points that any fan of numbers will appreciate. The metrics dashboard is perfect for most traders but they do offer a paid version if you're looking for a further extensive breakdown of the markets.

If this seems daunting, don't worry, they also have a free academy which is essentially a tutorial on how to read charts and investigate on-chain data in depth.

alphaday

A great dashboard tool, I have this set to my \"home\" URL in my browser

Alphaday is a fairly new tool that allows you to keep track of crypto-related news and information all from one hub.

The dashboard itself is customizable and allows you to drag and drop different elements into view as well as connect multiple wallets so you can monitor your tokens and how well your portfolio is doing without any excess steps. I'm personally a huge fan of the Events calendar which breaks down huge cryptocurrency events.

And best of all? It's free.

MarketCapOf

Easy to obsess over but great for planning/dreaming

MarketCapOf is a staple within most Cryptocurrency communities, it allows us to see how our altcoins will perform if they had a market cap of another token. For example, in the picture above you can see if Doge had a market cap of BTC it would be worth $2.78.

It's easy to get overly excited about the numbers this tool provides, but fundamentally it's great for helping you understand the market as a whole and has helped me with comparing my altcoins.

Altcoin Season Index

A fantastic speculation tool for deciding when to flip between Altcoins and Bitcoin

On the topic of Altcoins, Altcoin Season Index is another tool that allows you to work from concept data. In short, when bitcoin pumps, altcoins drop and vice versa. When an altcoin season is typically seen as ending or in a downwards trend many traders will move their funds to Bitcoin in hopes that it will pump with the swing up to "Bitcoin Season" or just keep their funds safe during a bear market.

Take this information with a pinch of salt, as obviously markets can change. But it's a good way of seeing the current market conditions in an easier to understand format.

Crypto Fear & Greed Index

Another speculative tool for estimating market sentiment

The Crypto Fear & Greed Index is another speculative tool that pulls in data from varying sources and uses its own algorithm to determine market sentiment. This can be a great way to know when to buy in and sell, especially if you're a day trader or do swing trading.

The data sources work on a variety of metrics which are as follows: Volatility (25 %), Market Momentum/Volume (25%), Social Media (15%), Dominance (10%), Trends (10%), ~~Surveys (15%)~~ currently paused

Koinly.io - Crypto Tax Software

This tool has saved me a lot of hassle

Koinly is an easy-to-use Crypto Tax software that allows you to hook in varying exchanges and wallets through the use of their API, it's been incredibly useful for both myself and my accountants and has helped save me plenty when using LIFO, HIFO & FIFO methods of declaring my taxes.

You may still need to manually tweak some inputs but for individuals who only use major exchanges this is a game changer and is well worth using for the free version and additionally upgrading should you need it.

Conclusion

Thanks for coming to my /r/CryptoCurrency talk, this is something I've been planning on writing for a while so if you have any suggestions or alternatives please do chuck them in the comments!

Some honorable mentions:

freqtrade - A FREE self-hosted and fully open-source trading bot written in Python. It does require a little bit of knowledge but once setup is fantastic. It can be controlled via a Web interface or Telegram and is better than most exchanges trading bots.
3Commas - This tool much like freqtrade allows you to set up trading bots, but isn't 100% free. The upside is that they have other tools like portfolio rebalancing which is really good if you're looking to diversify your profits.
Cryptoresearch.report - A personal favorite news blog of mine, nothing more nothing less.
ccmoons.com - Because who doesn't like earning crypto whilst posting on reddit? ;)

A Complete Guide to the Best Olybet Poker Clubs this 2022

In Estonia, Olybet Poker is the go-to spot for online gambling and sports betting. Olybet is a publicly traded company on the Nasdaq Tallin that operates casinos on the ground in Estonia, Latvia, Lithuania, Slovakia, Italy, and Malta under the umbrella of Olympic Entertainment Group. Olybet currently offers its services to people in Estonia, Finland, Latvia, and Lithuania. On April 30th, 2020, the poker site Olybet, formerly associated with the Microgaming network, will make the switch to the Olybet Network.

https://preview.redd.it/5g964r92q7p91.jpg?width=900&format=pjpg&auto=webp&s=da62677a5cc90c49ca5453d0c2cef4864f9793d4

By becoming affiliated with the Olybet Network, Olybet has gained access to one of the world's largest concentrations of poker players.

Welcome Gifts for New Sign-ups!

There is a 100% first deposit bonus up to $2,000 for all new players.

You will receive $5 for every $25 you rake in, and this applies to your initial deposit. You can check the status of your poker welcome bonus by going to "My Promo" and then "Welcome Bonus" in the poker client.

As soon as the bonus is activated, you can begin participating in cash games or major events.

Insight into the Popularity of Olybet

Participate in a lucrative rewards program and receive a substantial sign-up bonus along with other discounts.

Massive tournaments that happen regularly
Lots of cool new features and tweaks to the gameplay.
Constant opportunities to gamble with actual currency
Many Asians are represented among the players.
All-in, Quick, and Cash are all examples of fast-paced cash games.

The Amounts Paid In and Paid Out

At Olybet, customers can make deposits and withdrawals using a variety of methods. Withdrawals and deposits are processed quickly. Remember that increasing your daily deposit limit necessitates verifying your account status. Then, write to help@Olybet.com and ask for increased deposit limits. The most frequently used deposit and withdrawal methods at Olybet are:

Neteller
cryptocurrency payments like Bitcoin
MuchBetter
ecoPayz
Visa
Skrill
Mastercard

Pros and Cons of Olybet Poker

Pros	Cons
Totally insane campaigns, like the +$500,000 Leaderboards.	Can't use a tracker
Prize pools for weekly tournaments consistently exceed $5 million.	You won't find any Holdem HU tables here.
There will be nonstop action.	There is still no PLO5 available.
Perfect for first-timers.	The entry of talented athletes may be restricted if there are too many.

How to Join in Olybet?

Please get in touch with us so that we can reserve your spot and ensure that you do not miss out on the latest trend in poker. In each of our available modes of communication, we are here for you around the clock:

Telegram – u/FullHouseAgent

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Email—info@FullHouseClubs.com

Chill! Crypto Will Recover Pretty Soon, JP Morgan Exec Predicts | TheSpuzz

The crypto industry as a whole is experiencing a severe downturn right now. Bitcoin’s price has dropped by 15% from its weekly high. Since the Merge, Ethereum’s price has fallen by 23 percent from its seven-day moving average.

As the cryptocurrency market tends to mirror the wider financial world, panic in one area can easily spread to another. In contrast, JP Morgan’s global head predicts that the cryptocurrency industry will rise sooner rather than later.

Marko Kolanevic, head of JP Morgan’s global operations, expressed his optimism on the cryptocurrency sector.

JPMorgan Global Chief Upbeat About Crypto’s Recovery

He emphasizes the greater overall financial sector performance and says the financial markets have hit bottom and are poised for a rapid recovery.

Kolanovic expects that the Fed will begin lowering interest rates at the beginning of 2023, bolstering the share market. After that, he reveals, a major rally might be anticipated for risk assets such as crypto.

However, even if true, this assertion may be hard to believe for the ordinary investor. Recent sell-offs in stocks and, most significantly, the cryptocurrency market were sparked by the latest inflation report.

In the event of a prolonged market decline, the FOMC meeting on September 21 may prove decisive. The interest rate hike expected on that date is only 75 basis points, according to the reports.

Also Read : White hat finds huge vulnerability in ETH to Arbitrum bridge: Wen max bounty?

According to an earlier report, the market has already priced in the 75 basis point interest rate increase. Kolanevic also suggests that a potential 100 bps rate increase should not be discounted.

Image: InsideBitcoins

How does this affect the cryptocurrency market? Well, if the analysis proves accurate, the market will eventually return to a net positive position. If the assertion is untrue, the crypto winter will persist.

The second decision may have a substantial impact on the cryptocurrency market. As the crypto market closely follows the broader financial market, a continuation of the stock market’s downward trend will likewise drive cryptocurrencies down.

Kolanevic’s concept of a soft landing for the economy could become a reality if quantitative tightening continues. This early recovery could be feasible if “long-term inflation expectations are well-anchored.”

… But Not Everyone Shares His Optimism

However, Bridgewater Associates founder Ray Dalio is not as optimistic as Kolanevic.

In the next years, he anticipates a rise in bond yields to between 4% and 6%. If this occurs, the increase is due to a considerable reduction in private credit.

This decrease in private credit translates to a decline in private sector credit, which weighs down the overall U.S. economy.

As the markets struggle with dropping prices and pessimistic investor mood, it is only a matter of time before JP Morgan’s speculation proves accurate.

As anxiety pervades in the financial markets, cryptocurrency must face the burden of the current market downturn.