Thanks a lot for giving us this great opportunity ❤️ We all are so much excited about this great event 💥
@xircusNFT #xircusNFT #nft #NFTmarketplace #BSC #BinanceSmartChain #Binance #PancakeSwap #DeFi #YieldFarming #Bitcoin #cryptocurrency #blockchain
When It comes to trading, one of the most important things is not having a bias.
Humans are subject to several bias mechanisms that we've develop through our journey to becoming our own species and differentiating ourselves from other primates.
We have confirmation bias, optimism bias, The Dunning-Kruger Effect, etc. These are just a few of our congenital biases.
All market moves, including crypto are product of human psychology. But some very big players like whales, constitutions and hedge funds have found ways to capitalize on these natural biases. Leading you to losing your money in risky trades all because you had tunnel vision.
There are a few ways to overcome these biases and let you look at the markets in a clearer way.
1- Consider the macros.
All markets are inevitably connected to each other, its important to look at other markets before investing in crypto, if S&P is not having a good day, it's unlikely crypto will. (Note that I said unlikely.)
2- Major world events can affect markets.
Take a look at Corona numbers and other world events. You shouldn't forget 2010 Flash Crash or the Corona Drop. Greece's situation played a vital role in the crash, it's important to take a look at these things if you're planning a long-term setup. For example, the current delta variant scares me into not making big, long term trades.
3- Watch Bitcoin.
No matter the timeframe, if I've got a good setup but the BTC looks like it might drop, I refrain myself from going into that setup.
4- Invert your graphs.
If you're convinced that you have a good setup to go long or short, you might want to invert your graph just to check if there are aspects you are missing. Inverting the graph gives a whole different look into the markets, devoid of any biases.
I hope that I could be of help in making you have better trades, take care everybody!
If you’re a talented developer who’s passionate about sharing your Chainlink expertise, apply to become a Chainlink Developer Expert, where you’ll organize events and create technical content to help others across the blockchain engineering community.
Watch @Mashinsky & @SergeyNazarov’s fireside chat from SmartCon, which explores the importance of decentralized price data for CeFi institutions & how @CelsiusNetwork will leverage CCIP to interact with DeFi protocols across multiple blockchains.
At SmartCon, Chainlink Labs Chief Scientist @AriJuels covered Chainlink Fair Sequencing Services (FSS), a decentralized transaction-ordering solution that mitigates detrimental forms of Miner-Extractable Value, a term coined by his group at @cornell_tech.
We're excited to award a grant to @ethersproject, the popular JavaScript library for interacting with Ethereum, enabling the expansion of Ethers to include support for additional EVM-based blockchains & improving the Web 3.0 dApp development experience.
We’re hiring for open roles in engineering, operations, marketing, and more. If you want to work alongside industry-leading researchers, developers, & professionals at the forefront of DeFi, the NFT space, & the greater blockchain industry, apply today
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Through a grant awarded to @block42 from the Chainlink Community Grant Program, Chainlink Price Feeds are now live on @FantomFDN mainnet as the go-to oracle solution, enabling the development of scalable DeFi apps using tamper-proof financial market data
Chainlink Price Feeds are now live on @harmonyprotocol testnet as the go-to oracle solution, giving its smart contract ecosystem native access to high-quality, tamper-proof price data with low latency updates to power low-cost, high-throughput DeFi apps.
DeFi asset management platform @cook_finance has integrated Chainlink Price Feeds on Ethereum to access a secure source of price data during the issuance of its index tokens, ensuring that underlying asset prices reflect fair, market-wide price discovery
AI-powered NFT marketplace @smaugsnft has integrated Chainlink Price Feeds on @BinanceChain. Chainlink’s decentralized infrastructure ensures NFTs launched on their platform are priced using volume-weighted average prices with wide market coverage.
@luxfiofficial has launched its own official Chainlink node to provide luxury goods data on-chain, enabling smart contracts to obtain fundamental data and secondary market prices on various luxury collectibles such as handbags, watches, and sneakers.
@fraxfinance upgrades its oracle mechanism to Chainlink to secure the minting & redeeming functions of its fractional-algorithmic stablecoin protocol. Chainlink’s high-quality, tamper-proof price data ensures FRAX consistently maintains its USD peg.
@unizen_io has integrated the Chainlink ETH/USD Price Feed to ensure users always receive accurate, up-to-date exchange rates within their CeDeFi trading platform, including during times of extreme market volatility & centralized infrastructure outages.
@AdamantVault has integrated Chainlink Price Feeds on @0xPolygon to secure their DeFi vaults using accurate, tamper-proof price data that is highly resistant to flash loan attacks and proven to perform during network congestion and market volatility.
@MochiDeFi integrates Chainlink Price Feeds across multiple blockchains to secure its collateralized stablecoin loans, helping Mochi maintain the peg of its stablecoin by accurately pricing assets when CDPs are issued & verified for collateralization.
NFT-based blockchain game @MyDeFiPet is using Chainlink VRF to access verifiably tamper-proof randomness, ensuring that all breeding and distributions of NFT pets are truly random and cannot be manipulated by any entity, including the game's developers.
@DeRaceNFT is integrating Chainlink VRF to bring provably fair randomness to their blockchain-based racehorse platform. Using secure & verifiable off-chain computation, Chainlink VRF will enable unbiased race outcomes & fair breeding of NFT racehorses.
@TreasureKeyBet is using Chainlink VRF on @BinanceChain and @0xPolygon to enable provably fair blockchain gaming. The on-chain auditability of Chainlink VRF allows any user to independently verify that gaming experiences are unbiased and tamper-proof.
@Enter_Realm, a platform for creating a personal metaverse, is integrating Chainlink VRF for provably fair randomness, supporting digital art innovation like living NFTs, hidden in-game treasure, rare NFT minting, & unpredictable adventures for players.
@liquidifty is using Chainlink VRF on @BinanceChain to fairly distribute NFT packs of varying rarities. Through secure and verifiable off-chain computation, Chainlink VRF ensures that all users have an equal chance of receiving the most desirable NFTs.
@the_vogu has integrated Chainlink VRF on Ethereum mainnet to support the launch of its first randomized NFT art collection, consisting of 7,777 unique robot avatars that are assigned different rarities based on secure and provably fair random numbers.
@StarterXyz is integrating Chainlink Price Feeds & VRF within its DEX & launchpad. Chainlink Price Feeds will ensure accurate pricing of assets in its liquidity pools while VRF will provide verifiable randomness for fair distributions of rewards programs.
Decentralized data streaming network @ceramicnetwork recommends Chainlink VRF to its ecosystem projects building dynamic NFTs, providing them with randomness to support provably fair drops, tamper-proof rarity odds, and transparent distribution models.
Arcade-themed GameFi protocol @Catbreadbsc is integrating Chainlink VRF on @BinanceChain to randomly distribute arcade prizes & NFTs to winners in a secure and provably unbiased manner, enabling a more transparent & fair blockchain gaming experience.
@uptickproject is integrating Chainlink VRF on @BinanceChain to access a verifiably tamper-proof source of on-chain randomness within their Uptick app, empowering provably fair NFT gamification such as randomized giveaways and prize pool games.
@bprotocoleth is using Chainlink Keepers live on Ethereum to make their liquidation mechanism more resilient during extreme market volatility, ensuring platforms relying on the protocol maintain solvency & a strong correlation with global market prices.
@SteadyStateDeFi is integrating Chainlink Keepers to enable an automated & decentralized insurance claims process. Keepers use off-chain computation to monitor insurance smart contracts & automatically trigger payouts when a claim condition is detected.
NFT network @zUzProtocol is using Chainlink Keepers to trigger on-chain calculations around the ETH price of their NFTs, which are then referenced against the Chainlink ETH/USD Price Feed to estimate monthly USD staking rewards for users.
@cache_gold is using Chainlink Keepers to ensure its tokenized gold product is synced with off-chain reserves. Chainlink Keepers monitor an API reporting current physical reserves and relay updates on-chain when changes exceed a predefined threshold.
Chainlink provides developers with secure access to reliable, high-quality market data for building more advanced dApps around a wide range of assets. Integrate the RUNE/USD Chainlink Price Feed today on @xdaichain, already sponsored by @perpprotocol.
Chainlink VRF provides smart contract developers a verifiable source of randomness for building unique gaming dApps & truly dynamic NFTs. Explore our Intro to VRF docs to learn how to leverage a provably secure source of randomness in your dApp.
Other SmartCon #1 talks now posted include:
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Chainlink’s Community Grant Program empowers our ecosystem to create valuable resources that help accelerate the adoption of Chainlink-powered smart contracts. Apply for a grant today.
Are there other community content and celebrations that we missed? Post them in the comments below! ⤵️
I know this has been brought up in various discussions, but I couldn't find any threads dedicated to a discussion of this. Right now, there are only a few major coins (Bitcoin and Ethereum being the largest) that have far greater total value than most, other coins combined.
I don't know the answer to this, but even though in theory, one of the great things about cryptocurrencies is that if you can find a way to take an aspect and do it better, you can create your own coin and it will be adopted by people who value that, in practice that doesn't seem to be happening as much anymore. New coins have to constantly struggle against the established titans, and even though there are events that push people to smaller coins (ETH's gas price spike for example), for the most part, most of the money seems to stay with the major coins. Sorry if this is not well phrased, but it's just something that's been bouncing around in my head for a bit.
Hey Everyone!
Let's go...
Newly covered today:
Previously Covered but still interesting:
~Army of Spies
If you lurk on Cryptocurrency subreddits, you will have no doubt seen alot of scams lately. Crypto is a magnet for scammers but in the past year the so called "rug pull" type scams have increased by an order of magnitude. Of course alot of hacks recently as well which somewhat fit in the same pool as rug pull type scams for the purpose of this discussion.
Post a scam/hack event and you lose money. Are you more likely to put your future investments in only bitcoin/ethereum OR are you more likely to leave the crypto space altogether?.
Of course if anyone have been the victim of a hack or rug pull and would like to share the post behaviour and reasoning for it would be interesting also.
Reason for this poll - towards the end of 2017/Jan 18 crypto scams were also on the rise, most famous of which is of course bitconnect.
Similarity extends to the fact most people got in to those scams were due to influence from social media influencers just like today.
Sharing what I'm seeing. Welcoming others insight so we all have a clearer picture.
Past couple days ADA reached a new ATH achieving never before seen funding rates of >0.333.... for context if price doesnt move and you short this - you get as much interest in a day here as you would in a year in a bank. Obviously this didn't last long.
ADA with no smart contract and no working product having market cap of almost 80 billion is prob what moved the market up. All in speculation of its future smart contract launch.
SOL number 10 market cap also achieved another ath yesterday.
Despite most altcoins pumping more than BTC, ETH actually pumped less than BTC. Could be "fans of smart contracts" are redistributing to ADA / SOL.
BTC reached a new local high, while ethereum did not. I do like this as it shows people are taking profit at this region.
Overall Price holding this region is not horrible for bears. Most of the crypto price action is built on momentum, the longer price stays at this level the less likely it will pump.
I keep saying it looks like 5/5/18 on the chart right now. Zooming out to the daily. The exponential rise in April on BTC and May on ETH resembles the exponential rise for BTC and ETH in 2017/18. The current rise in price from late July to now resembles a logarithmic growth - i.e its losing momentom and flattening, This does resemble the run up to 5/5/18 as opposed to an exponential growth typically seen prior to an ATH.
Ethereum London Hard fork 2 weeks post event
Saw another user posted average daily ETH produced now (including the burn) is 15,214 vs before was 16,741 .
So around 9% reduction in daily production.
At the current price (in theory) 54 MILLION (16,741x3225) is needed to be feed in to Ethereum EVERY day to keep the price stable before eip 1559. With eip 1559 49 MILLION is still needed EVERY FUCKING day to be put into ethereum to keep the price at 3225.
And dont forget the amount of money that needs to go in to bitcoin daily to keep its price at 49000 ..... 900x49000... another 44.1 million DAILY.
And dont forget every other scammer is producing another coin that also needs to be feed.... you get the idea.
Seems the general community agrees the vast vast majority of people that invests in crypto are dumb money and have no idea what they are doing. What baffles me is most of them accept bitcoin's price is artificially pumped by tether. If you are talking about anything other than crypto... if you have an unregulated entity that just prints 1 billion every other week to pump the price, you'll be an idiot not to sell/short the asset.
Saying the entire crypto market is a bubble is an understatement.
Currently Shorting ETH - > Target = Sub 2k.
