Welcome to my blog fam, where I talk about everything web3, be it crypto, degen, defi and NFTs. Keep in mind that I am also a comic relief artist and a memer.
#TrendingTopic #$Subsocial $DOT One big selling point of web3 is self data ownership.
In the web2 world, companies sell your data to advertisers and feed you with ads everywhere you go on their platform.
This is something that web3 has come to correct especially in the use of social media.
Twitter takes in millions in ads revenue monthly, but what do you get in return for the audience you provided them. Well I will tell you......huge loads of ads if you are not a blue tick user, you can not monetize your contents.
Facebook and TikTok are no exception of these dogma.
But with the application of blockchain, there have been several attempts to steal the market from these web2 platforms that have proven futile.
But let me present to you subsocial, an economy built for creators like you and I to interact and make something meaningful from our contents.
Subsocial currently has a socialfi that is heating up like fire and it is polkaverse. Over 3000 creators are there already and guess what the registration fee is....?
It is free to register, but in other to combat spam on the platform, you have to stake 2000sub tokens which is only $20. These stake tokens also accrue with an APR of 1.35%.
And with that, once you start making meaningful contents and engaging on other's post, you also earn. Yes, you earn from the posts you make, comments you make, post you share, and other liking your posts isn't that fun.
Guess what's more funny, someone has made over $70 last week just sharing technical analysis of Bitcoin in a few lines daily.
Another person has made $50 from posting memes. These are things you do every on twitter without getting rewarded. And now subsocial is giving you an opportunity to earn from them. Be there anon.
Did I forget to mention that there are a never ending pool of contest in the platform, I am currently participating in one now and you can help me win by just liking this post.
$160 million worth of #Bitcoin shorts liquidated in the past 24 hours.
The crypto prices today registered a positive shift as Bitcoin neared $56,000, Ethereum surged past $3,200 while other altcoins gained, PEPE Rallies 52%
Project Updates
Suspicious stuff going on on @bitforexcom, alerted by @zachxbt
AleoHq users private KYC info leaked
ParclLimited announces $PRCL token airdrop🔥
Circle partnering with OVERDARE to integrate USDC payouts and wallets
FjordFoundry teases $FJO token🔥
Fraxfinance mulls reward mechanisms for token stakers
#Write2Earn #WLD #Pixels/USDT History is useful to evaluate things from a wider perspective but needs to be contextualized.
The best approach is always to work step by step and adapt to bullish/bearish circumstances.
In previous market, Bitcoin pumps and after a while liquidity starts flowing to lower caps (mostly refered to as altcoins) and we crypto natives call this the altcoins season.
It is the season when Bitcoin dumps and altcoins pumps, but this season has dared to be different.
History is taking a different route this time, Bitcoin is holding it present highs firmly and we can see Ethereum and other altcoins performing well too.
So what is actually going, will Bitcoin still dump pre-halving, what about altcoins season ?
Well, first of all, you have to realize that the BTC ETF brought a new set of traders into the crypto world. And these traders are all about securing little profits, they will rarely move their money and dump on altcoins.
Bitcoin dominance is now a fuel for altcoins too, so if you are holding a bag, be ready to take profits anytime, because tables have turned this time.
Don't wait for the alts season, it is already upon us like a thief in the night.
If you were prepared you should be in profits by now, if you were not, you will be our exist liquidity. Anyways, moon or dust as usual, see you at the top, stay SAFU.
I recently found a project that is tipping the social-fi to another direction and no, it is not farcaster. It is subsocial. Subsocial is a project built under the polkadot ecosystem.
It is a playground for developers to build their social Dapp and customize to look like other existing web2 social apps.
The goal is to utilize Blockchain technology to remove intermediation and give you sole ownership of your data.
Two of the most exciting project I tried out in subsocial are polkaverse and grillchat.
Polkaverse is building a system where creators are rewarded and the followers as well are rewarded equally for their time.
How is this possible.....well with content staking on the polkaverse Dapp. All you have to do is create your sub id, join polkaverse and stake 2000subto become a create. While your stake tokens generate more tokens for you through staking, your content also generates tokens for you.
You also burn some tokens to generate energy to carry out transactions. When I say transactions I mean stuffs like posting, retweeting, commenting, liking posts, following people...they all cost a small 0.03sub.
One sub is currently traded for 0.0099usd,so you can see that I nearly nothing.
For my experience, I joined polkaverse 3 days ago, and all I spent while joining was 2000sub for staking (which I can withdraw anytime) and 5 sub burnt to create energy for transacting.
As at 8 hours ago I have already made 1153sub from content staking alone, that is 57% of what I invested.
So while many people were out there degening and trading futures, I was just chilling in polkaverse and making money. That is the future of social-fi.
So mentioned grill.chat early, yes.
While polkaverse is for interacting and posting stuffs, grill.chat is more for community building and close chatting.
Grill UI is very similar to that of telegram and they are said to be working on the monetization for chat feature.
This is alpha, do what you please with it, I have taken my position.
#Write2Earn $BTC The bullrun which everyone has been waiting for to help them retire has come ........no sorry I mean we are just starting to notice it more evidently.
The bullrun started when Bitcoin was around 15k. What many don't understand that profitability in the bull market is more about taking profits from your positions.
You don't learn how to fight when you are already in a battle, most of the people who are going to hit it big from the bull market are people who held positions early.
The biggest task in being profitable is staying positioned, buying those bags early, Bitcoin has done over 2X from $15k, when it was at $15k there where people who were expecting it to fall back to $12k.
You emotions do not control the market and they should not control you either in the market.
Bitcoin is now at $50k and someone somewhere is still expecting $35k.
Not that it won't happen but there are two things, one is called possibility and the other is called probability.
Is it possible for Bitcoin to go to $35k, yes.
How probable is it for that to happen, highly unlikely in the near time.
If you are still expecting it, it means you fully don't understand the impact of the Bitcoin ETF and pre-halving.
Invest in crypto with a long term goal in mind, those (Nigerians) who bought 1 Bitcoin at $15k in 2022 bought it for N745 X 15,000 = N11,175,000
You would have made a profit of N60,000,000 for holding till now.
This is as a result of the naira depreciation against dollar, this also highlights the stronghold of Bitcoin as a store of value immune to other economic factors.
#Write2Earn #SafetyTips #SAFUcrypto This is the season farmers will reap the fruit of their labour, but a lot of people will give their money to hackers because of some silly mistakes I am going to mention in this thread.
Let me start by making this clear, the concept of total security when you are only is an illusion
You are only as strong as your weakest link, and with powerful softwares now available to us, the weakest link in our security is us the human, we the users of these technologies.
An antivirus software can only warn you of a virus, but if you with your greed decide to forge ahead, it can't stop you.
Same thing applies to malicious links, your browser can only warn you, but if decide to go ahead.
One of the most recent wallet hacks people have been experiencing recently is what I call wallet address correction, You paste your wallet address for a transaction or to claim something and immediately you will see the address you pasted just changed to another address, how?
This is mostly common for android and desktop users who download apps from uncertified stores.
Yes, that modded app you downloaded has been watching your keystrokes, they now have most of the passwords you used to log into apps and Dapps, these hackers full time job is to monitor your wallet once anything enters,you like free things right ?
If that app or software is not on the official play store or app store let it slide for the sake of your security.
But we as hunters sometimes we have to alpha and beta apps before release.
And yes, these apps in beta test stages are not put on official play store so what do we do.
Let me introduce you to something called burner We often use the term "what you can afford to loose" alot in crypto.
You should have a burner phone for such tasks.
And again, we often always way to be the first in whatever we do, but for the sake of your security, you should wait for others to click that link, to connect to that Dapp, to swap that token.
We learn from mistakes, but you don't have to make yourself the scapegoat.
#Write2Earn One of the best qualities you can have in this space is staying level-headed.
Why? Your competition doesn't.
It might seem funny today but the majority in 2017 were calling for another 100x on XRP at 100 billion market cap.
You know what their reasoning was?
The banks will make you f*cking rich!
It wasn't just 1,2 or 3 persons either.
80-90% of the space back then was calling for it!
You disagreed? You looked like the insane one.
"You fool" "You must not like money" "Have fun staying poor" "You'll see in the end" "You are probably paid to fud* "You'll buy x50 from here" "You ..."
For a level headed person however?
Hmm, why would the banks spend billions of even trillions to make the common folk rich and transfer their wealth?
Buying a publically traded coin on the market that has been available for years in the hands of most crypto users?
Why not pay a few 1000$ to a developer and create their own?
Digital dollar or digital euro or something else?
Today? Talks of CBDC's everywhere.
But level-headed or not:
"You just don't understand"
This post wasn't just about XRP. It's just one of the most well known examples from back then.
Every cycle there's plenty of other examples like that where you will look like the insane one.
But you have to remember that's a good thing.
If the majority when peak retails comes in agrees?
You ARE the majority.
And the majority can't all win. That's the basic principle of the markets.
It's tough to sound sane and have conviction when everyone tells you differently.
But staying level-headed through it all and looking past the hype?
That's probably the single best quality and asset you have.
As this is pretty much a common trait among anyone that ever made millions in crypto.
It's also probably the holy grail of crypto.
And it's also what you are going to need. Take my word for it.
Conclusion:
Stay level-headed fam. It's more important than you think.
You'll need it. Hope you learnt something today, I am ticktalker and I always post crypto/educative content #xrp #JUP $XRP
#Write2Earn The next is duel, duel is gamefi built on AI, it offers benefits to both gamers and creators now imagine you are a streamer, just imagine but dont use imagination wound yourself. Duel (gamegpt) is designed to offers tools and experiences to both AI and game enthusiasts.
Imagine soccer in gamefi, no not you holding fan tokens I mean real soccer, that is what MBS (UNKJD) is doing. You can play soccer games on their website. And no, not your regular footballers play the ball, we are talking about apes balling 😎😎 That is is for gamefi narrative let's move to AI.
AI is a very hot narrative and while most of the AI tokens are built on chatgpt engine, some others have dedicated to make life easy in cryptocurrency using a host of AI tools, examples are; Sleepless AI, is a big name, I could have added it to the gamefi narrative but I somehow feel it is more appropriate to be in the AI section, sleepless AI is not offering to give you sleepless nights but rather they are building a companionship game called him and her. Yea matchmaking in web3 😉
GTAI, is another AI token with a lot of hopium, launched few days ago, it hopes to make life easier with it's advanced web3 AI execution technology.
Cryptogpt (Gpt) is another AI token launched last year. A zk layer 2 solution that merges Blockchain and AI.
All these tokens I listed above are criminally undervalued at this point so you can do yourself a great deal to scoop some into your bag and wait for the hype to meet them #Gamegptofficial
#Write2Earn #GameTokenX Crypto narratives are a way of grouping a coin into a particular category of problems it was made to address.
There are lots of crypto narratives out there and I know you may be wondering, why is the most scalable blockchain not just used for everything, well the answer is quite technical.
The essence of all these narratives is because one Blockchain can not solve everything, so these smaller narratives tend to build an ecosystem for their tokens under them.
One common thing in crypto is that once one token in a narrative start trending, all the other coins in that narrative will pick momentum and any project building under that particular narrative will receive huge hopium (hype and anticipation) so everyone will want to cash out of that narratives, and look for airdrops and tokens that are yet to launch in it.
In Q4 2023, social was one of the most trending narrative and lot of people farmed it, you must have heard of tipcoin and ratio, even starsarena last year.
That was their glory days, now it is time for gamefi to shine, a lot of projects have been building under gamefi and many of them are launching in the first quarter of this year (Q1)
Farcana has already launched and it did very well in holding it's price despite a huge selling pressure from people that received their airdrops.
There are other narratives that will still do very well in this year, and as you know, the best way to make profits in this space is to be early.
Early doing what you may ask, well early holding this tokens before they become copium.
Before I begin listing these tokens, I want to clarify that this is not a financial advice and you should do your proper due diligence before you ape into anything.
So my first pick it the $far @farcana this token has huge potential as the native token for the farcana ecosystem but not that, this game is a big thing in web3 as one of the third person shooter game which is a big thing in web2.
In simple terms, this game is like the codm in web3. this article is continued in the next post
The market slowly starts moving again towards $50k but both sides don't trust it yet.
They call it a "scam pump" or fake-out before the real further down move to low 30s to buy back in. Sector 3 effect ✅
4️⃣ The real bull market begins.
Bitcoin is back at $50k again but it doesn't dump?
The market is moving back up and traders are in disbelief.
They buy back in when the market is close to making new highs.
The cycle repeats itself. While some may say "it's easy to speak in hindsight and tell us what happened in sector 1 and 2 now that it has already happened"
While I don't have a crystal ball and every thesis is a little bit of speculation I did previously express my thoughts on a post I made before the approval and it came out as expected.
There are certain patterns in the market that keep repeating itself to a certain extent.
No prediction is perfect but some things do often rhyme. You just have to understand that this is a game between you and the market makers and to win, you have to think like one of them.
Especially when it comes to trapping traders. What was the ideal approach?
You just had to wait.
It's no secret that the market favour's investors vs traders.
Most of us have been waiting for years (bear market) so a few more weeks or months was easy.
But traders? Those are the ones the market tries to flush out. And it almost succeeds every time.
Bob thinks he's a pro trader but Bob gets rekt every time.
Don't get rekt like Bob because neither him nor you can time the markets.
Don't get flushed out. Just HODL. Remember FOMO is a sin #TrendingTopic $BTC #BTC
One week has passed since the Bitcoin spot ETF was approved.
But most did not expect today's market reaction.
What if I told you everything is all happening according to plan?
Here's what will happen 👇 Most crypto traders have been divided in 2 groups on what the spot ETF would do to the market.
1️⃣ Up only traders
2️⃣ Sell the news traders
I believe the post ETF effect is divided in 4 sectors to make up a circle, and after those four sectors are complete it is a rinse and repeat to trap most traders.
And we are currently in sector 2
1️⃣ Small market pump
The first reaction we saw from the market after the approval was a small market pump.
The first sector to trap the "sell the news" traders.
Pump the market so these traders think they are wrong and ape back in. Pump the market but only a small pump so the "up-only" people think they are right but not enough yet so they can benefit from it (profit taking).
Just only to convince them to hold and not sell high.
They'll be trapped in the next sector.
Sector 1 effect as intended ✅
2️⃣ Market dump
The second reaction we saw from the market after the initial pump was a dump.
Sell the news traders that bought back in and the up only traders think they are right.
But now the market is dumping after all? The up only traders think it was a sell the news after all and start selling once bitcoin moves towards $40k to buy back lower at $30k.
The sell the news traders think the same.
They sell lower than their purchase to recoup the loss by buying at $30k again. Sector 2 effect ✅
3️⃣ Market pumps sooner than expected.
The final flush out.
Both sides of traders are out and patiently anticipating to fully benefit and recoup all losses by buying back at $30k to ride or all up again.
Only however bitcoin doesn't dump to $BTC 30k at all. The market dumps but only slightly to convince them enough so they can be trapped again.
Bitcoin moves sideways but never sees low 30s.
It stays trading around $40k with only the slight chance to see the upper regions of 30 (38-40k). TBC
$$BTC #shiba "Rich Dad Poor Dad" Author has advocated for allocating investment in #Bitcoin alongside other assets to shield from financial meltdown
Peter Schiff warns of risks as Bitcoin ETFs trigger a market downturn, with Bitcoin value plummeting post-launch.
Miller Value Partners' CFA, Bill Miller IV, stated that investing in MicroStrategy stock could provide better exposure to Bitcoin than ETFs.
Shiba Inu gained significant traction across the global market as the token recorded a roughly 6000% upswing in its burn rate.
#ShibaInuBurnMechanism Price Prediction As Whales Accumulate in Correction Phase; Is $0.000015 Within Reach?
The SHIB price nearing a decisive breakout to resume its prior recovery trend.
Crypto Price Prediction: The crypto market witnessed sudden selling pressure as Bitcoin failed to show new heights with the recent launch of Spot Bitcoin ETFs
Analysts view Bitcoin's price dip as a chance to buy, foreseeing a $200K surge amid short-term challenges and ETF-related fluctuations.
Ethereum faces a potential price dip as a whale moves 15K ETH to Coinbase, triggering market concerns and analysis of key indicators.
Binance, a prominent crypto exchange, recorded a downfall in Indian traders following FIU's recent ban. Locally registered exchanges propel.
Cathie Wood's Ark Invest sells millions of Coinbase and Robinhood Shares amid spot Bitcoin ETF launch to buys Elon Musk's Tesla shares.
#etf #BTC There's a big lesson with the recent dump. We saw mass media loudly promoting the ETF.
Major news accounts talking about an imminent takeoff.
We often make the mistake that we can outsmart the market makers by been early in a game they want to play.
Before the real ETF approval came up, many people believed institutions will pump my bags, I'm earlier than them, but just today it was announced that BlackRock now owns 11,439 BTC, when and how did they purchased these that it didn't greatly influence price.
More people have understood price action and it is now more of a player verse player game, everyone wants to dump the market on who comes it last and that is why the bull run we are expecting will not coming like a thief in the night but more like a steady slow progression.
It's always the same trick disguised with another narrative.
Is it a coincidence that Bitcoin has been strongly rejected by the 0.618 at 48K, a key HTF level?
Well, we are still hoping for mild rejection owing to the way the whole ETF issue played out, we can say the players have been played, liquidity has been wiped.
Still early to decree if this has been the local top (HTF closures will provide further clarification) but the lesson is clear:
Every time we approach an important HTF level, news intensifies, and it's hard for people to protect the capital/watch the market from the trench.
This applies to the upside but also to the downside.