Bitcoin pulse, guides and news

Monday, November 15, 2021

Crypto Market Update and Investing Report 11.15 (DOT Crowdloan guide, Maiar Exchange, STX, NOOBIE Lesson and much more)

Completed at 1100 HST

Market Update

· Taproot is LIVE! The first major update for Bitcoin in 4 years will optimize scalability, privacy and smart contract functionality. This will open the door for complex operations on Bitcoin such as Defi.

· Stacks (STX) and Portal Defi are two protocols to put on your radar because of the taproot upgrade. Both are going to offer smart contract capabilities and Defi on Bitcoin. You can enter the whitelist for Portal Defi on their website.

· Bitcoin is down 2.50% today, the bears are taking back the ground BTC made up on Sunday.

· The TOTAL (Total crypto Market cap) is down 1.7% to 2.78T.

· Many of the major layer-1 protocols are quiet and holding steady around their support lines. (ADA, SOL, AVAX, FTM, ETH)

· Benqi (QI) a DEX in Avalanche, was listed on Binance over the weekend. This marks the first major listing of an Avalanche protocol on a large exchange. I predict more listings will be on the way. Major AVAX protocols to watch are JOE, CQT, XAVA, and PNG. JOE is particularly interesting with a TVL (total valued locked) of 2.0B and a MC of 339M. JOE is the most utilized DEX on the AVAX ecosystem and has a lot of attention surrounding it. It’s a good time to stay ahead of the crowd and look for entries here.

Bitcoin Free and Greed Index 72 Extreme Greed

Bitcoin Google Trends 42

Notable Events

· Vechain will have its PoA2.0 Mainnet Upgrade tomorrow.

· Elrond (EGLD) is launching Maiar DEX tomorrow. This is a very important event for Elrond, a major smart-contract platform. Maiar is a cell and web app which supports seamlessly onboarding fiat users, social payments, multiple coins and features such as staking. If are interested in buying EGLD, Maiar has a promotion for $10 of free EGLD with a purchase of 200 USD’s worth on their site.

· Stacks (STX) is launching Stackswap mainnet tomorrow. It will be the first completed DEX on the Bitcoin Network.

Major Market News

· With taproot now integrated, Jack Dorsey, the CEO of Twitter and Square and a known Bitcoin Maximalist, announced that Square will launch a decentralized finance business using Bitcoin.

· Coinbase is looking to support third-party Defi apps on their platform. Haas, the company’s CFO, states that Coinbase wants to become “a bridge to Defi.” Continue to monitor this situation. The defi protocols that first become available on Coinbase will be exposed to 56 million Coinbase users.

Polkadot Crowdloans

One of the best investment opportunities in crypto

Crowdloans and Parachain auctions are a complicated subject, but the process of participation is quick and straight-forward. Today I will explain Parachain Auctions/Crowdloans and add links to help you further understand. Tomorrow I will lay out the process.

Polkadot

To understand Crowdloans we will quickly talk about Polkadot first. Polkadot is a multi-chain protocol that enables blockchains to integrate into its network. These chains can then interoperate on the Polkadot network. Interoperability is a major hurdle in crypto with all the various blockchains in operation which weren’t initially built to inter-mingle. Creative solutions have been built, but a majority such as bridges, can be somewhat complex to operate and require many extra steps. Polkadot was built from the ground up with interoperability in mind and is the next generation of blockchain technology. Polkadot has a market cap of 47B and is the eighth largest cryptocurrency on the market. Here is link if you would like more information on Polkadot.

Parachain Auctions and Crowdloans

Parachain Auctions is the process Polkadot has chosen to onboard different blockchains. Each Parachain, is auctioned for a week and the project with the most DOT allocation is the declared the winner. Anyone who owns DOT can participate. This participation is called the Crowdloan. If a participant allots DOT to a project and wins the auction, they receive an allotted number of tokens for that project. The new tokens and the DOT, are then locked for 96 weeks. At the end of the 96-week period, the DOT and new tokens are released to the Crowdloan participant. Here is a link to the status of current Parachain auctions. Acala and Moonbeam are neck and neck for winning the first auction. This process begun on November 11th and the first auction ends November 18. Here is a video that further breaks down Parachain auctions.

Figure 1 Current Parachain Auctions

Why should I participate in these auctions?

The number one reason to participate in auctions is for access to the first and likely most influential Parachains which will connect to Polkadot. The participant will get these tokens at entry level price.
Throughout the process the participant keeps ownership of their DOT.
The participant has no choice but to keep DOT for a minimum of 96 weeks. One of the hardest aspects of being invested in crypto, especially for beginners, is not touching long term holds. This market is very volatile and has large swings. But keep in mind, crypto has been the best investment opportunity in the past 10 years.
It’s a set it and forget it process. In 96 weeks the participant could be sitting on a very nice nest-egg. They can then cash-out or stake the new tokens for a nice APY%. DOT can currently be staked for 10-15% APY.

What are the risks?

We could enter a bear market and participants would have to watch DOT substantially fluctuate in price.
A total regulatory attack on crypto, or Polkadot completely fails as a network. I give either one of these a 1% chance of occurring.

On a sidenote, Kusama, the canary network for Polkadot, has been Auctioning Parachains for a few months. Moonriver has been the most lucrative to investors, where each KSM (currently at $427) would have received $5k of Moonriver (MOVR) tokens. Moonriver is the sister network of Moonbeam, which is currently in auction on Polkadot.

Figure 2 Kusama Crowdloan ratings

The hard stuff is out of the way. Tomorrow I will provide everything needed to participate in these auctions. Stay tuned because Wednesday is the end of the first auction. I wouldn’t want you to miss out on Acala or Moonbeam.

NOOBIE Lesson of the Day

Investment Tools

Every trader or investor should have a bag of tools to use for making decisions and gathering data. Below I will introduce you to two of my favorite and most useful websites.

CoinGecko and CoinMarketCap are excellent for tracking prices and looking up crypto coins. They provide information in a simple, easy to use layout. When you first enter these pages, you will see a layout of cryptocurrency prices listed by Market cap. Here is a list of some of things you can do on either of these sites.

Get information such as Market cap, trading volume, circulating supply of tokens, total supply, max supply
See a basic price chart
See what exchanges or DEXs (decentralized exchanges) offer the crypto
Find the coin’s websites
Social media links
Whitepaper links
Create a watchlist
Create a portfolio
See trending coins

10.Track prices by different ecosystems

There are many more things you can do on these two websites and I recommend everyone explore and interact with them to get a better feel. For example, Try making a list of cryptos that are mentioned on an awesome newsletter or look up the whitepaper for the cryptocurrency you currently own. Below is a small contest to test yourself.

TOMORROW

· Trade set up on Stacks (STX)

· Crowdloans participation

· More Investment tools

PM me if you would like to receive the full FREE report to your email.

Have a great day/night!

- Gabi

INVERSE-yield farming: Decentralized time deposit with governance and oracles

**What is the purpose of Mac&Cheese and how did it come about?**The main goal of Mac&Cheese(XVMC) was to create something that would appreciate in value. The price of any asset is determined solely by it's buyers and sellers. The protocol is designed to create scarcity - remove potential sellers from the market and attract new buyers. In addition, XVMC also possesses all the qualities that make cryptocurrencies so valuable and sought-after: it's decentralized, works as a currency and time deposit(CD), it's made to create scarcity, has it's own governance and it offers yield/passive income to stakers. This is exactly what decentralized finance is supposed to look like. As the value of the protocol grows, it is made to evolve and provide additional services as a protocol.

Cryptocurrencies are already the highest appreciating assets in the history and biggest transformation of wealth
The main reason why cryptocurrencies were invented to begin with - is to eliminate the need for a trusted third party
XVMC protocol is operated as a series of smart contracts on Polygon network, made to be fully decentralized - without any one party having control
The price of any asset is solely determined by it's buyers and sellers. XVMC offers staking rewards to those who lock-up their tokens
As users lock-up their tokens, they are removing supply from the market, collectively creating a scarce asset
A similar concept is already being used by banks worldwide, it's called a certificate of deposit or time deposit. It is the biggest money-market in the entire world, worth more than store of value(gold, bitcoin) and all payment methods combined. Banks pay you higher interests if you commit your loan for a longer period.
Scarce assets tend to appreciate in value. New participants are attracted through periods of boosted rewards
Users act as oracles regulating the system(inflation, fees, rewards, bonuses, events,...)
Locked up stakers create the consensus mechanism - a way to upgrade and re-fine the protocol in a decentralized manner
A passive approach - users can stake and forget, while the protocol works in their favor and guarantees honesty amongst other participants
It is exactly what most people are looking for in a cryptocurrency: a hands-off approach with potential to appreciate in value, as well as an opportunity to earn yield/passive income
People like meme tokens, so all participants get DOGE420 and DOGE69 for free. it is a hedge against stupidity and they provide you with exposure to meme tokens
The protocol can hold NFTs - it could make XVMC more attractive as it would provide bigger managers an exposure to NFTs and MEME tokens, without having to speculate on any one given asset
XVMC is designed to increase it's value. It is fundamentally the most important project and it also includes all the neccesary psychological aspects to succeed. However, please keep in mind there are no guarantees of future value or success. While we believe the potential is enormous and the opportunity could be similar to getting in early on Ethereum at 0.3$... It should be considered as highly risky, is likely to be highly volatile, and could go to 0.
https://macncheese.finance/

INVERSE-yield farming: Decentralized time deposit with governance and oracles

Cryptocurrencies are already the highest appreciating assets in the history and biggest transformation of wealth
The main reason why cryptocurrencies were invented to begin with - is to eliminate the need for a trusted third party
XVMC protocol is operated as a series of smart contracts on Polygon network, made to be fully decentralized - without any one party having control
The price of any asset is solely determined by it's buyers and sellers. XVMC offers staking rewards to those who lock-up their tokens
As users lock-up their tokens, they are removing supply from the market, collectively creating a scarce asset
A similar concept is already being used by banks worldwide, it's called a certificate of deposit or time deposit. It is the biggest money-market in the entire world, worth more than store of value(gold, bitcoin) and all payment methods combined. Banks pay you higher interests if you commit your loan for a longer period.
Scarce assets tend to appreciate in value. New participants are attracted through periods of boosted rewards
Users act as oracles regulating the system(inflation, fees, rewards, bonuses, events,...)
Locked up stakers create the consensus mechanism - a way to upgrade and re-fine the protocol in a decentralized manner
A passive approach - users can stake and forget, while the protocol works in their favor and guarantees honesty amongst other participants
It is exactly what most people are looking for in a cryptocurrency: a hands-off approach with potential to appreciate in value, as well as an opportunity to earn yield/passive income
People like meme tokens, so all participants get DOGE420 and DOGE69 for free. it is a hedge against stupidity and they provide you with exposure to meme tokens
The protocol can hold NFTs - it could make XVMC more attractive as it would provide bigger managers an exposure to NFTs and MEME tokens, without having to speculate on any one given asset
XVMC is designed to increase it's value. It is fundamentally the most important project and it also includes all the neccesary psychological aspects to succeed. However, please keep in mind there are no guarantees of future value or success. While we believe the potential is enormous and the opportunity could be similar to getting in early on Ethereum at 0.3$... It should be considered as highly risky, is likely to be highly volatile, and could go to 0.
https://macncheese.finance/

The Gemini Listing Effect - Shiba Exchange Volume is Top 7..6...5...

The first day of Gemini enabling Shiba to be traded has been quite a success as Shiba is straight in at number 7! Doge languishes at number 15 to give a comparison.

Shiba is number 7 in first day of trading with Gemini.

This is just the beginning of Shiba becoming a serious investment proposal. The power of the Shiba army in the social media space is truly the best in the world right now. It sets its self above the rest as remember we do not have a marketing cost or tax when we buy or sell our coin unlike other cryptos that have just started to launch.

So Shiba in the first day did (is doing) $4.1m. This is impressive since Bitcoin is at $73.5m and ETH is at $66.9m, that's 17.9 and 16.3 times greater respectively. Bitcoin market cap is $1.2T and ETH is at $541B, whilst Shiba is at $29.5m. Let's do some quick maths to see what Shiba market cap could be based on this simple one day trading on Gemini:

$1.2T divided by 17.9 = $67.0B

$541B divided by 16.3 = $33.1B

That's rather interesting as it would put the market cap of Shiba Inu between $33.1B to $67.0B.

Let's have a look at Binance and see where we are on the number 1 exchange for Shiba.

Binance Top 4 Traded Cryptos.

Isn't this just amazing, we are number 4 for the SHIB/USD currency pair, we also have other currency pairs on there such as SHIB/BUSD ($176m).

So we are number 4 on Binance, lets check out where we are with Coinbase who are the 2nd largest Shiba exchange according to CoinMarketCap (all figures are from coinmarketcap in this post).

Wow Shiba is number 4 again at Coinbase!

Isn't this just amazing, in terms of trading we are number 4 at Coinbase as well. These are the top 2 crypto exchanges for Shiba and in both of them we are trading at number 4.

Surely we can't be at number 4 on crypto.com exchange where I first bought Shiba? If we are at number 4 then this will be something that will surprise me.

Wow 4th again at crypto.com

As you are reading this I am quite surprised right now at the consistency of Shiba Inu. When I first started this today I was not expecting to see Shiba being ranked 4th especially after the plateau that we have experienced over the past week or so. This undoubtedly must prove that Shiba is consistently great performer for these exchanges.

So as it is the first day of trading at Gemini, lets look at the figures again and see where Shiba would fit at number 4. I'm reposting the 1st image again to save me and you scrolling up and down.

Reposted Gemini Image

Gemini seems to be heavily in favour of the two heavyweight cryptos - BTC & ETH. If Shiba were to rise to number 4 it would be trading between $4.75m and $6.21m. This doesn't seem much, but if you think Gemini may also benefit from other trading Shiba attracts to its platform. Let me focus on something for a second, Decentraland is peaking due to recent events such as Meta/Facebook announcement and the NFT/Sotheby's virtual auction - this will remove Decentraland from Top 4 position within the next few days.

I am going to state that Shiba will be number 4 on here soon too maybe within a week we will be number 3, it just has to because the other exchanges are also a cross section of the crypto investment world so looking at it from this view we will soon be there, here is the link do check up on it:

https://coinmarketcap.com/exchanges/gemini/

Oh wow, this is quite uncanny. Here is the latest update of Gemini as I have been making this post.

Already bumped up to 5th place.

I haven't even finished making this post and we are already at 5th position.

Now why am I reviewing the 17th largest exchange for Shiba and dedicating a post to it?

The pure simple reason is the Winklevoss twins who own Gemini (clever idea to name the company that)! These are the two guys who sued Mark Zuckerberg, I won't go into details but they have a very high profile in the crypto world and well regarded by investors as they correctly predicted the popularity of Bitcoin and the subsequent involvement of cryptos by investment firms. This will begin to attract the eye of the investment world.

Shiba is a Top tier crypto, don't let anyone tell you otherwise, the proof is within these screenshots and can be found by anyone reviewing CoinMarketCap. We have no choice at this rate but to become a Top 5 crypto... I placed a bet with my brother that Shiba could enter the Top 5 by my birthday in March (minus the stablecoins).

Wow breaking news as I am writing this post:

from Twitter just now

I think I will end the post there as we are going to see a price rise now, this is exactly what I have been discussing here on these posts. Shiba Inu is transitioning into a currency from an investment and the mass adoption will mean substantial price increases... remember Amazon started with books. Shiba may start with a cinema ticket...

Thank you for reading my posts, I really do enjoy writing them and truly appreciate all the positive feedback.

Mac&Cheese [XVMC] + DOGE420 + DOGE69 - ALL IN ONE

Get XVMC + DOGE420 + DOGE69 : https://macncheese.finance

Cryptocurrencies are already the highest appreciating assets in the history and biggest transformation of wealth
The main reason why cryptocurrencies were invented to begin with - is to eliminate the need for a trusted third party
XVMC protocol is operated as a series of smart contracts on Polygon network, made to be fully decentralized - without any one party having control
The price of any asset is solely determined by it's buyers and sellers. XVMC offers staking rewards to those who lock-up their tokens
As users lock-up their tokens, they are removing supply from the market, collectively creating a scarce asset
A similar concept is already being used by banks worldwide, it's called a certificate of deposit or time deposit. It is the biggest money-market in the entire world, worth more than store of value(gold, bitcoin) and all payment methods combined. Banks pay you higher interests if you commit your loan for a longer period.
Scarce assets tend to appreciate in value. New participants are attracted through periods of boosted rewards
Users act as oracles regulating the system(inflation, fees, rewards, bonuses, events,...)
Locked up stakers create the consensus mechanism - a way to upgrade and re-fine the protocol in a decentralized manner
A passive approach - users can stake and forget, while the protocol works in their favor and guarantees honesty amongst other participants
It is exactly what most people are looking for in a cryptocurrency: a hands-off approach with potential to appreciate in value, as well as an opportunity to earn yield/passive income
People like meme tokens, so all participants get DOGE420 and DOGE69 for free. it is a hedge against stupidity and they provide you with exposure to meme tokens
The protocol can hold NFTs - it could make XVMC more attractive as it would provide bigger managers an exposure to NFTs and MEME tokens, without having to speculate on any one given asset
XVMC is designed to increase it's value. It is fundamentally the most important project and it also includes all the neccesary psychological aspects to succeed. However, please keep in mind there are no guarantees of future value or success. While we believe the potential is enormous and the opportunity could be similar to getting in early on Ethereum at 0.3$... It should be considered as highly risky, is likely to be highly volatile, and could go to 0.
https://macncheese.finance/

How does a CON work ?

Recently in one of the posts someone had asked how do butters get stuck in a cult ? how does it all work? Well I was just looking at how a con works and put this together:-

Putting the mark up

Person must have money to part with, not too much as to involve professionals into the mix and just smart enough to understand the deal. Should not be too familiar of the working of the financial world. Then the con artist finds a weakness in the person, generally along the lines of greed, revenge, etc.

In case of the usual BUTTER, it is

· Mistrust in govt

· Fear of Financial

· Greed (Get rich quick)

· Desperation (You had losses elsewhere and want to recover from it)

Approach

Thanks to the internet and great marketing and social platforms this has become easy. Just post as much as possible and spam it everywhere.

Showcase the immense wealth these schemes have generated for you by posing in front of Lambos.

· Pay influencers to market it (Safemoon & Shiba Inu are good examples)

· Put Ads on all social media

· Buy billboards (Doge)

Sad thing is there are huge agencies and websites where people can flock to find the latest of scams themselves. What is better than just allowing people to come to you rather than you needing to find them. Think of Coinmarketcap, social groups on Telegram and Reddit, YouTube channels, endless.

Build-UP

The victim is given an opportunity to profit from participating in a scheme. The victim's greed is encouraged, such that their rational judgment of the situation might be impaired.

https://www.olympusdao.finance/ - shows 8088% APY return for instance.

The sheer value of the return triggers the greed.

As the person would not just be convinced initially, the next step is crucial.

Pay-off or Convincer

The victim receives a small payout as a demonstration of the scheme's purported effectiveness. This may be a real amount of money or faked in some way (including physically or electronically). In a gambling con, the victim is allowed to win several small bets. In a stock market con, the victim is given fake dividends.

In crypto, anyone who is not a moron tries to put a small amount in to test the waters, which is rewarded by the Crypto Team in the way of worthless tokens or real returns.

· Most of the time these, days staking is the way to go where your money is locked in for future rewards, which you may or may not see again, depending on the size of the CON.

· Squid Game tokens are a good example of a super short CON.

The "hurrah"

A sudden manufactured crisis or change of events forces the victim to act or decide immediately. This is the point at which the con succeeds or fails.

With a financial scam, the con artist may tell the victim that the "window of opportunity" to make a large investment in the scheme is about to suddenly close forever.

In crypto this is manufactured as

· Financial system about to collapse!

· Your money is devaluing day by day – Hyperinflation

· Limited Coins available (if you own xBTC now you are in the top 1% as there are only X amount)

· The burning of coins is happening (FOMO of gains)

The in-and-in

A conspirator (in on the con but assumes the role of an interested bystander) puts an amount of money into the same scheme as the victim, to add an appearance of legitimacy. This can reassure the victim and give the con man greater control when the deal has been completed.

Not necessary with crypto but works in many various ways:

· Michael Slayor, Elon Musk, they put a fraction of their money in and convince others but when will they get out, no one will know

· Youtubers, playing the Pump and Dump.

· The original creators of the crypto project

If all you consume in the way of knowledge is through social platforms, it is quite easy to fall for this, all it requires these days is a quick search to “what is Bitcoin” and YouTube will bombard you with videos around it with most views(sadly). Which means you will always be recommended what the market is like, if it is a bull market all you will likely see is people celebrating their gains.

The worst part of it all is, any crypto works more like an MLM when it picks off.

· Every butter out there is trying to sell it to others through social media, as it costs them nothing except time.

· Every participant is trying to convince others to just buy and never sell as the price would appreciate if HoDl’d. These participants are being engrained that selling is bad, not only for the group but themselves as well as eventually they will lose out on the gains. Once things go south, the person that holds the longest will be the biggest loser.

· Memes and Scams are considered just part of the offer.

Lastly, due to the liberal wave of politics, no one wants to try and regulate this market in fears of accusations of being Neo Nazi.

TLDR: Social media makes it very easy to find & convince people of the con but the inherent setup of crypto makes sure you stay in rather than out. The liberal wave does not allow for regulation.

INVERSE-yield farming: Decentralized time deposit with governance and oracles

Cryptocurrencies are already the highest appreciating assets in the history and biggest transformation of wealth
The main reason why cryptocurrencies were invented to begin with - is to eliminate the need for a trusted third party
XVMC protocol is operated as a series of smart contracts on Polygon network, made to be fully decentralized - without any one party having control
The price of any asset is solely determined by it's buyers and sellers. XVMC offers staking rewards to those who lock-up their tokens
As users lock-up their tokens, they are removing supply from the market, collectively creating a scarce asset
A similar concept is already being used by banks worldwide, it's called a certificate of deposit or time deposit. It is the biggest money-market in the entire world, worth more than store of value(gold, bitcoin) and all payment methods combined. Banks pay you higher interests if you commit your loan for a longer period.
Scarce assets tend to appreciate in value. New participants are attracted through periods of boosted rewards
Users act as oracles regulating the system(inflation, fees, rewards, bonuses, events,...)
Locked up stakers create the consensus mechanism - a way to upgrade and re-fine the protocol in a decentralized manner
A passive approach - users can stake and forget, while the protocol works in their favor and guarantees honesty amongst other participants
It is exactly what most people are looking for in a cryptocurrency: a hands-off approach with potential to appreciate in value, as well as an opportunity to earn yield/passive income
People like meme tokens, so all participants get DOGE420 and DOGE69 for free. it is a hedge against stupidity and they provide you with exposure to meme tokens
The protocol can hold NFTs - it could make XVMC more attractive as it would provide bigger managers an exposure to NFTs and MEME tokens, without having to speculate on any one given asset
XVMC is designed to increase it's value. It is fundamentally the most important project and it also includes all the neccesary psychological aspects to succeed. However, please keep in mind there are no guarantees of future value or success. While we believe the potential is enormous and the opportunity could be similar to getting in early on Ethereum at 0.3$... It should be considered as highly risky, is likely to be highly volatile, and could go to 0.
https://macncheese.finance/