Saturday, December 17, 2022

SCARRED 8PES POST 1

The Investment Jungle

The investment world, whether in the stock market or crypto market has always been the playground of the Institutions and Whales: MARKET MANIPULATORS. They abound whenever there is money to be made from the hands of the individual investor.

In this game of big fish eating the small, the small fries are almost always swallowed whole by the big fishes, and the bigger ones by the WHALES, and they in turn by the huge Institutions and Establishments that have power even over governments.

Has been so, and always will be. Or maybe not? And it shouldn’t be.

The market calls the individual investor and trader dumb investors, or dumb money because we love to FOMO, we buy high and sell low, and we listen to news and advice prepared by the very people who want to relieve us of our hard-earned money.

So while we have been at the mercy of the Institutions & the Whales, they have been in turn labelled as smart money because, ultimately, they win, and apes lose.

But why wouldn’t they win, when they have all the resources and huge capital, with the power to influence even governments and the wherewithal to move markets?

The apes aren’t dumb either, just that we lack the same resources and ‘the evil’ in us to do the same as these market manipulators. And the hurt is real. The saddest of this all is that we all have been scarred in one way or another by these monsters. Many of us have been scammed, and others have been hit with losing our hard-earned savings and money needed to build our lives and families.

The worse of us have been rekt!

Market Manipulators and Institutions are powerful because they have the resources, they have the infrastructure, the network and they have all the means under their control to make things go their way.

Even when Bitcoin hit its ATH of $69k, they have the power and patience to depress it down to $17k, just to make more money as the price slides down, and even more as they re-invest at the bottom in the next wave to the moon. That’s where the small fries like us get sucked into their whirlpool, and each individual ape gets decimated.

These manipulators play many roles within the System, in the media, at the policy-making levels in corrupt governments, in mainstream market exchanges, etc. They are endemic and lurk everywhere. They operate 24 hours a day, seven days a week because there is so much easy money to fleece from the individual ape.

But together we are strong!

https://preview.redd.it/vcqqy31xzg6a1.png?width=1349&format=png&auto=webp&s=23b679c90d93a4e45583eca8cb221ad6a2c81292

So, what can we do to overcome these forces of evil?

I say we come together, we band together as ONE, and be the COUNTERACTIVE SYSTEM to deal with the evil around us. By getting together, we create a powerful body that brings together all our expertise, our experiences and uniqueness as individuals, so that we may form a benevolent counter-force against the evils of the Establishment, and break the power of these Market Manipulators.

We have seen, through the recent successes against the hedge funds in AMC, and GME against the hedge funds when apes launched a coordinated attack to squeeze the shorts.

This was not a lucky one-time event. They have proven to us all that together, we truly can become powerful, and that the apes will no longer be held subjugated by the will of the Institutions, but by the free world of market trading and investment that we dream would be a fairer society for all.

The SCARRED 8PES CLUB was formed to formally welcome all investor apes to the community. You may have been scarred as an investor, or even rekt, but within our family, we will protect one another and develop a family where we can take care of each other.

This will be a social experiment: to demonstrate that the SCARRED 8PES family will be able to develop its uniqueness as a community, without leaders (in order words, without the Institutions and central powers that control the masses).

And why is this a social experiment? Because the challenge is to determine whether the community will be able to chart its course and development by working together, gaining group consensus to build a virtual world by which we can thrive together.

At our cost, we will create the 8PES taken that will completely be owned by no one, just as Shiba Inu had done, by providing liquidity to the token and by cutting off half its supply by depositing them in a dead address.

Will the 8PES token multiply its value as Shiba Inu had done? We will follow as much as possible the exact steps the Shiba Inu token had taken, and perhaps our own 8PES community will create the next meme coin success as what the Shiba Inu community had done for itself.

We will also create the initial communication platforms starting with Reddit, the SCARRED 8PES CLUB website, and Twitter, also at our cost.

Eventually, the community-appointed leaders/reps will take charge of how the CLUB will evolve, and the product offerings it decides on.

In our next post, we will explain how the 8PES token will be incorporated (Uniswap?) and all the relevant addresses of the token, and will seek our CLUB MEMBERS on how they would like to see the future evolve for the community and token.

Signing off,

Bad 8PE

Twitter: twitter.com/bad8pe


Real talk... How does Bitcoin 'fail' from here?

I'm a staunch advocate and believer, I'm extremely highly confident in Bitcoin and I'm sure it'll be a bulwark as we enter a new era of enlightenment for humanity. I've been involved for over a decade and don't need all of the lectures on how and why that's going to happen. There are a hundred threads every day where everyone discusses this, and that's great and we should continue to do that. But can we consider some scenarios where it might not play out how we expect? Maybe we can think about these scenarios, assess their plausibility, increase our understanding, and make plans as a community to deal with them.

I'll start with a fairly obvious one. As much as we don't like it some recent events that shall not be named have evidently tarnished the reputation of Bitcoin with the masses in the short term and people have backed out as a consequence. If hashing power dips to a point where a state actor could feasibly make a 51% attack on the network we're probably done. I don't believe we'd be able to recover from it, and I don't believe we'd be able to co-ordinate an effort to continue a successor chain, or even a new protocol, and pick up where we left off.

I don't think this will happen, but we should acknowledge these possibilities and think about how we're not going to let it get to that.


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)

​

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.

​

  • 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.

​

  • Futures Trading

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

​

  • Launchpad for Bitget

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

​

  • 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.

​

  • 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.

​

  • 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.

​

  • 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.

​

  • Bitget GroupCoin

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

​

  • 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.

​

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

​

  • 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.

​

  • 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.

​

  • 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…

​

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/

​

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)

​

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/

​

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/

​

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/

​

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

​

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.

​

#RealYield #ICO #CRYPTO #BITCOIN