Friday, December 16, 2022

Buckle into your seat belts for the opportunity of a lifetime

We are entering the final phase of the bear market. Those that can flip the switch emotionally will look at this opportunity and load the boat.

I’m sure many have seen the cycles chart but those who survive and wait out the next 12-18 months deserve the glory of the bull market. In this chart we are past the panic stage and now heading into anger. Good news is now is the opportunity of a lifetime to plan positions and scale in the next year.

For those who missed 2014, 2018 and the black swan event of 2020 March - don’t make an excuse this time, the train is coming back to the station. I was around in 2014 when the sentiment was 10x worse - if bitcoin can survive that it will succeed.

2023 will go down as one of the best years to historically buy crypto and assets. We went from an extreme case of Quantitative Easing (money printer going brrrr) to Quantitative tightening. These affects usually take 12-24 months to filter through the system.

Unfortunately the economy isn’t doing well and likely to continue into 2023. We’re not heading for a soft landing - neither is inflation going to the target 2%. The fed is determined to get there - however the many signs point to peak inflation being 9.1% in June 2022 and likely by June 2024 we will be at 3-4% inflation

There are three stages of the fed pivot that we are seeing signs of entering :

Stage 1 - Slow down of the interest rate hike

Stage 2 - Pausing if the interest hikes

Stage 3 - Reversal of interest rates

Historically unemployment in QT and recessions have hit 5.5-7% and we are currently at 3.7% - we have a long way to go. We started seeing mass layoffs in tech and that will happen for the wider economy. Businesses and consumers are tightening their wallets and this will continue to have an impact

The market tends to bottom before the reversal of interest rates - which will likely come after the second half of 2023 at this pace

Crypto truly is following its past cycles like a book. This cycle corresponds damn almost perfect to the 2024 halving.

The worst thing you can do is leave the bear market and not build positions, you owe it to yourself to stay disciplined and at the very least do nothing. No one can time the bottom however these prices will be deemed “lucky” by those who join in 2025+


Got bored and made a GTA VI predictions bingo card for myself.

https://i.redd.it/yu7tzje0wc6a1.png

The Bitget Review of Cryptos, Trading Fees, & Cryptocurrencies (2022)

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Bitget Review 2022

Bitget is the newest addition to the growing number of crypto exchanges. So let's take a closer look at the exchange, what it offers, and whether it's worth your time.

What is Bitget?

The Bitget exchange for crypto was launched in Singapore in 2018. With more than 2 million users, it offers a variety of trading strategies. Bitget is also licensed and has a daily trading volume of $365.

Bitget traders benefit from industry-leading security and extremely competitive trading charges. Additionally, it supports over 250 crypto assets. The list includes all the major tokens, such as Bitcoin and Ethereum.

Bitget Exchange review | Key Features

Let's take a closer take look at the most important aspects of the Bitget exchange.

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  • Spot Trading

    Bitget offers 100x leverage on more than 200 trading pairs. Spot pairs do not offer margin trading options. Traders of cryptocurrencies can take advantage of Bitget's lightning-fast execution and TradingView charts.

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  • Futures Trading

    Leverage up to 100x is available for cross and isolated positions. Bitget also offers limit, market, trigger, and trailing stop orders.

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  • Launchpad for Bitget

    With Launchpad, even the common user can participate in promising blockchain projects.

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  • Copy trading

    Users can boost their chances of winning by copying trading strategies and strategies from experienced traders using the exchange's copy trading feature.

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  • Quanto swap contracts

    To trade crypto on margin, you can use other crypto assets as collateral. As a result, you can increase the value of high-value crypto assets and reduce the cost of converting them.

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  • Bitget earn

    With BitGet Earn, traders can profit passively from their digital assets. Currently, BitGet Earn only accepts BGB, the native currency, and offers only two products.

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  • Bitget Savings

    With this feature, traders can deposit coins and earn daily earnings in a flexible manner. BTC offers an APY of 1% while DOT offers a rate of 5.6 percent. Five assets are supported.

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  • Bitget GroupCoin

    Traders can purchase featured cryptocurrencies at discounted prices using this feature. The more participants, the more lucrative it is.

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  • Bitget Strategic Trading

    This is an automated grid trading platform that allows crypto traders to execute trade strategies on a grid that is not actively managed.

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Bitget Trading

Bitget Token (BGB)

The currency used by this exchange's native ERC20 is represented with the token BGB. It is used for the following purposes:

  • 15% - 20% trading fee reduction
  • Can be staked at APR of 6%.
  • Compatible with the Earn program.
  • It is useful for contract margins in the context of contract trading
  • 15% discount on BGB Marginated Futures Trades
  • To find potential partners and launchpad events.

Bitget Exchange Review

With several licenses around the world, Bitget is a safe and regulated platform. We will discuss some of the security options available here in this article,

  • Cold storage on cold servers offline
  • Qingsong Cloud Security, Armors, and HEAP are backed by Suntwin Technology
  • 2FA is required to modify your account withdrawals, logins, and logging in.
  • Whitelisting withdrawal addresses
  • SSL Labs awarded 12 A+ ratings

Bitget Exchange review |Fees

For deposits in Bitget, there are no fees, but for crypto transactions, there are 2-8% fees. Makers and takers of spot trades are also charged 0.1 percent fees. Maker transactions are taxed at 0.2 percent, taker transactions are taxed at 0.065 percent, and futures trades are taxed at 0.2%. Withdrawals are also competitive depending on the asset. Withdrawals of BTC from Bitget are subject to a withdrawal fee. It is 0.0006 BTC.

KYC and Account Verification

Bitget does not require KYC to open an account. Unlike many other exchanges, this exchange offers KYC-free accounts. Those without KYC can trade, deposit, buy, and withdraw up to 20 BTC per hour. KYC verification is required if you wish to do more than that.

Bitget Exchange review | Mobile App

Bitget mobile is a mobile application that provides the same functionality as Bitget's web-based platform. It also has an easy-to-use UI/UX. Android and Apple app stores both offer the app, which has an average rating of 4.8.

Bitget Exchange review

By joining the affiliate program, users can earn 10 USDT or 10 BGB. Their referral link must be used after they sign up and make a trade. You can also earn up to $500 for each referral you make with this rewards program.

Platform Design and Usability

Both the mobile and web platforms have been designed with the user in mind. Their interface is simple and easy to use. In addition, features such as TradingView's charting enhance the platform's functionality and quality.

Bitget Exchange Review

Due to the lack of fiat offramps, only crypto deposits and withdrawals are possible. However, you can convert cryptos into over 40 fiat currencies without paying any conversion fees. Apple Pay, Google Pay, and TransferWise are all options for buyers.

Bitget Exchange review | Customer Support

You will receive solid assistance in multilingual languages 24 hours a day by email or chat. There is also a great self-help section as well as educational content to learn the basics of.

Conclusion

Bitget is a cryptocurrency exchange that provides users with a variety of profitable trading options. Furthermore, it is robust, simple to use, offers excellent customer support, and has a wide range of features.

Investors can still benefit from its unique capabilities even though it isn't the most profitable cryptocurrency exchange. Make sure you do your homework before deciding whether Bitget is right for you.

FAQs

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  • Is Bitget secure?

    It has multiple licenses worldwide and is a secure and regulated exchange. SSL Labs has rated it 12 A+ and it offers cold storage offline.

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  • Is Bitget beginner friendly?

    Although Bitget offers a user-friendly interface it offers more complex trading options. OKX is the better option for novice traders.

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  • Can I trade on Bitget without KYC?

    You can make deposits, buy and sell, and even withdraw as much as 20 BTC per day with no KYC. KYC verification is required if you want to withdraw more than 20BTC.

Bitget Copy Trade


Thursday, December 15, 2022

Friday, 16th December 2022

The Daily Spin. (Wonder) Fruit Friday Edition. Its been a big week in crypto, and an even bigger year. We’re now officially 400 days into the bear market, and for the first time in history - the price of Bitcoin is lower than it was exactly 5 years ago. And by the time we reach Xmas it will confirm the longest crypto bear market on record. There’s so much that has happened in our industry in those 5 years, and that says volumes about the intrinsic value reflected in the prices today. It’s no wonder (fruit) what direction we are headed in.

Bitcoin and most alts took a dip as the FED announced its policy and the EU followed suit. Even so, Bitcoin has already outperformed many L1s in December including SOL, ETH, DOT, BNB, and ATOM. Interestingly enough, the number of Ethereum addresses has hit a new ATH. Tether adds over 1k new gambling-associated accounts, likely in tandem with the conclusion of a fantastic World Cup. Swissborg also saw a spike in new user accounts, to the tune of 3,800 in 24hrs. AVAX launches its core wallet on mobile. SEC vs Ripple case nears settlement, ending a four year litigation on its status as a security. And lots of good deep dives for your self-learning over this weekend…here is our round-up of curated news opinions (surely biased) from the world of Blockchain, keeping you informed of the most trending, in-the-know, and controversial topics. In the name of transparent, information dissemination to keep you curious, inspired, and clinically sane…

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Ongoings at Coinweb

“Coinweb’s Cross-chain Routing System and Eliminating Platform Risk” a Thread by Anton on Twitter
https://twitter.com/coinwebofficial/status/1602615630879985664?s=46&t=yj1lrGctwO-5NBlfjKPvUg

Toby Interviewed at the Benzinga Future of Crypto Conference, Dec 7 (New York)
https://www.benzinga.com/markets/cryptocurrency/22/12/30022360/coinweb-is-making-a-splash-as-a-leading-layer-two-platform

World Blockchain Summit, Dec 8-9 (Bangkok)
https://coinweb.io/events/its-a-wrap-for-2022-world-blockchain-summit/

Latest Video Release: How Elon Musk Can Save Twitter with Crypto (4mins)
https://www.youtube.com/watch?v=p55fd1PdrqA

It’s OK to Meetup Bangkok 2022, Nov 27 (Bangkok)
https://www.linkedin.com/posts/rukawin_thailand-blockchain-genesis-activity-7002871111134707712-YiCT?utm_source=share&utm_medium=member_desktop

Crypto AM Summit and Awards, Nov 23-24 (London)
https://twitter.com/tobycoinweb/status/1595909263263662081?s=46&t=V-EQfqnAOG7fXAWZ3sMk1Q

“Understanding the Great Crypto Tradeoff” by Toby Gilbert
https://dailyhodl.com/2022/11/16/understanding-the-great-crypto-tradeoff/

“The Time is Now for Blockchain” article on Times of Malta
https://timesofmalta.com/articles/view/time-now-blockchain-a2.994854

Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c

Digital Assets Week, Nov 15-16
Toby joins “Tech for Institutional Grade Digital Assets” Panel with R3 and State Street
https://coinweb.io/events/london-invasion-part-2-digital-assets-week/

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On the Radar

November CPI Inflation Data 7.1%, Dec 13
FOMC Interest Rate Decision 50 bps, Dec 14
US Retail Sales and Jobless Claims Data, Dec 15
US Services and Manufacturing PMI, Dec 16

PlayToEarn Blockchain Game Awards 2022 (Public Voting Dec 1-29)
https://cryptoslate.com/press-releases/playtoearn-blockchain-game-awards-2022-announced-with-10k-in-prizes/

Gam3 Awards, Dec 15 (Virtual)
https://cryptoslate.com/videos/gam3-awards-2022-official-livestream/

World Crypto Conference, Jan 13-15 (Zurich)
https://worldcryptoconference.org/

European Blockchain Convention, Feb 15-17 (Barcelona)
Interop Summit, Feb 20-22 (Miami)

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On the Block(chain)

Active ETH addresses reach all-time high of 1.4M
https://cryptoslate.com/active-eth-addresses-reach-all-time-high-of-1-4m/

Bitcoin sinks 3.2% as Fed raises interest rates by 50 basis points
https://cryptoslate.com/bitcoin-sinks-3-2-as-fed-raises-interest-rates-by-50-basis-points/

Research: On-chain Bitcoin metrics show the bottom may not be in
https://cryptoslate.com/on-chain-bitcoin-metrics-show-the-bottom-may-not-be-in/

Pro-XRP Lawyer Forecasts End of Ripple Lawsuit As Rumors of Settlement Swirl
https://dailyhodl.com/2022/12/14/pro-xrp-lawyer-forecasts-end-of-ripple-lawsuit-as-rumors-of-settlement-swirl/

SBF claims law firm Sullivan & Cromwell pressured him into bankruptcy filing for legal, consultancy fees
https://cryptoslate.com/sbf-claims-law-firm-sullivan-cromwell-pressured-him-into-bankruptcy-filing-for-legal-consultancy-fees/

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Competitive Landscape

Gambling-related USDT funds grow as 1k new online gambling websites use Tether
https://cryptoslate.com/gambling-related-usdt-funds-grow-as-1k-new-online-gambling-websites-use-tether/

Avalanche’s Core Wallet Goes Mobile With Android Launch
https://decrypt.co/117114/avalanches-core-wallet-goes-mobile-android-launch

Bitcoin outperforms Layer 1s SOL, ETH, DOT, BNB, ATOM in December
https://cryptoslate.com/bitcoin-outperforms-layer-1s-sol-eth-dot-bnb-atom-in-december/

SushiSwap Head Chef discloses $5.2M budget for DAO operation in 2023
https://cryptoslate.com/sushiswap-head-chef-discloses-5-2m-budget-for-dao-operation-in-2023/

Kevin O’Leary says Binance put FTX out of business
https://cryptoslate.com/kevin-oleary-says-binance-put-ftx-out-of-business/

Binance Proof of Reserves fall by $3.5B in 24 hours
https://cryptoslate.com/binance-proof-of-reserves-fall-by-3-5b-in-24-hours/

CZ discusses FUD, rumors, and more in latest Twitter Space
https://cryptoslate.com/cz-discusses-fud-rumors-and-more-in-latest-twitter-space/

SwissBorg collects over 3,800 investors in 24 hours
https://cryptoslate.com/swissborg-collects-over-3800-investors-in-24-hours/

DeFi, dApp developer Core Business Holdings goes public in US through ARAX acquisition
https://cryptoslate.com/defi-dapp-developer-core-business-holdings-goes-public-through-arax-acquisition/

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World

Congressman Tom Emmer alleges SEC Chairman Gensler was aware of FTX fraud
https://cryptoslate.com/congressman-tom-emmer-alleges-sec-chairman-gensler-was-aware-of-ftx-fraud/

CFTC considers Bitcoin, Ethereum, Tether to be commodities
https://cryptoslate.com/cftc-considers-bitcoin-ethereum-tether-to-be-commodities/

SEC charges eight in $100M social media securities fraud
https://cryptoslate.com/sec-charges-eight-in-100m-social-media-securities-fraud/

Elizabeth Warren working on bipartisan bill to tackle crypto money laundering
https://cryptoslate.com/elizabeth-warren-working-on-bipartisan-bill-to-tackle-crypto-money-laundering/

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Thought Leadership

A Deep Dive Into Zero-Knowledge Proofs and the Future of the Internet
https://www.notboring.co/p/aleo-can-you-keep-a-secret?utm_source=substack&utm_medium=email

The case for institutional-grade tools for DeFi
https://cryptoslate.com/the-case-for-institutional-grade-tools-for-defi/

Let's do some napkin math on withdrawals and EIP 4844
https://twitter.com/protolambda/status/1598308866915270660?utm_source=substack&utm_medium=email

Japan’s New Semiconductor Foundry Rapidus Taps IBM For 2nm Process
https://www.forbes.com/sites/tiriasresearch/2022/12/12/japans-new-semiconductor-foundry-rapidus-taps-ibm-for-2nm-process/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2537296&sh=b207d86b9e80

Umami v2 GLP Vaults — Initial Backtesting Results and Analysis
https://umamifinance.medium.com/umami-v2-glp-vaults-initial-backtesting-results-and-analysis-7bd2bf3838bc

What the nuclear fusion breakthrough means for our future
https://sea.mashable.com/life/22040/what-the-nuclear-fusion-breakthrough-means-for-our-future

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https://preview.redd.it/fdnmk0sy376a1.png?width=828&format=png&auto=webp&s=8804ea73c91e46dc0c0f8e6acc94c91cb0332e20


LEND is able to accommodate the monetary requirements of individuals in addition to those of businesses and other organizations

LEND is able to accommodate the monetary requirements of individuals in addition to those of businesses and other organizations. The expansion of the TEN Finance Ecosystem has been proceeding in an extremely steady manner. Using a public protocol in one's own work without first obtaining permission from the protocol's developer does not constitute one the protocol's owner. Upon the introduction of the first BNB Chain, Ethereum, and Polygon-based lending platform, token holders will be entitled for a part of the network's revenues and fees. These profits and fees will be distributed proportionally. The Polygon BNB Chain is the engine that makes this platform go, so to speak. The interest rate pools on this website are computed with the use of an algorithm that takes into account the supply and demand for assets. Customers that are willing to put up market interest as collateral are able to borrow a wider variety of the things that are supported. LEND is a marketplace that allows users to lend and borrow bitcoin without having to negotiate specifics such as interest rates, loan terms, or collateral. Bitcoin can be used in the event that you need to borrow money. Because of this modification, cryptocurrencies such as Bitcoin and Ethereum can now be used to secure financial obligations such as loans.

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#RealYield #ICO #CRYPTO #BITCOIN


SpiderWeb ($ARAC) - Quick Fundamentals - Security Features

Hey Spider-Mites,

Today, we will start off with a Quick Fundamental guide on the Security Features of SpiderWeb ($ARAC)! This will be a quick guide to highlight the key points and features within our security features for you to better understand just "How" we intend to protect the information, and "Why" it will be far more secure than the traditional methods used today!
This project was built with the aim to reduce both cost of traditional web hosting and traffic while maximizing focus on providing security as it has become a rampant issue amongst users, both business and personal alike!

Let's Begin!

Spiderweb ($ARAC), is/will be composed of self-built private nodes and public nodes of P2P resources, in essentially 3 tiers, to form a web of decentralized IDC infrastructure:

Tier Structure

For heightened security, Spiderweb ($ARAC) has a built in proactive/passive AI which monitors all traffic and also uses the same SHA256 encryption method as Bitcoin nodes, SO incase of failure or intrusion/hacking events, it will automatically relay and/or retrieve information between other nodes, so that data security is guaranteed! (see photos below!)

Your personal nodes (SDN - See White Paper for more details) will hold about 49% of you data, while the other 51% is fragmented on all other nodes within the network, and the process to rebuild ANY loss data from any POSSIBLE failure events will be easy as well so that users can operate without worry!

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After SHA256 encryption fragments your data into 100 pieces, it will store it across 100 initial nodes across the network so, with these exciting and amazing features, you can be sure that you can go about your business with a peace of mind!

(SpiderWeb ($ARAC) will also incorporate an eco-friendly and energy-efficient consensus mechanism called "Proof of Use" (PoU), which will be used as a means of reward verification as well!)

(**See the NFT Collection Launch post for more details!**)

Thanks everyone for taking the time to understand our Security features! Once again, for a more detailed explanations of this, please visit our #WhitePaper here: https://discord.gg/TmhneY5SEu !
Hope everyone has a great day and let's weave a brighter future together!


Random whiskey thoughts from a BTC degen...

(My price points are referenced in CAD).

People always refer to ATH's, and the couple of crazy bullruns we had in the end of 2017, and once covid hit.

I don't think those bull runs are indicative of the real price of bitcoin. They are sexy sure, and everyone loves high flying numbers... But if you look at all time charts and cut out the mountain peaks, you see a real steady growth.

From prices before the bull run in 2020, bitcoin has doubled.

I don't know how to articulate it very well, but covid saw interest rates basically cut to 0%, and governments doing everything they could to keep the ball moving forward while facing a once in a hundred year crisis. If you expect trading scenarios like this to happen every couple of years you might be disappointed. (Is the price spike from the "halvening" or from the unprecedented fiscal management globally during a once in a century pandemic?)

I think the people that expect bitcoin to hit 100k-200k+ in the next bull run, are not factoring in extreme anomalies in market conditions.

Bitcoin was 5k before the 2017/18 bull run, and bitcoin was 10-15k in 2020 before the covid bull run, and now it's holding it's own in the 22-26k price range despite INCREDIBLY bearish events that sparked panic in the bitcoin / crypto world. I think this is really promising.

Sure, maybe bitcoin could go parabolic when aliens invade or some other unforeseen event happens, but... I think the:

  • 5k to 15k in 2 years and, 15k to 25k in 2 years

Is the most realistic value trajectory, which still makes it one of the most incredible stores of value and appreciating assets in our current times. Somewhere in the range of 80-150% growth every 2-3 years is fucking insane.

Anyways... I just wanted to give a realistic not "WHEN MY LAMBO!?!?!" take on the longterm gains on bitcoin.

if in 2024 it is 50k, and 2026 it is 100k, and 2028 200k, and 2030 400k, I am going to be one happy camper.