I'm 35 years old and 16 years of banging my head on the charts ....with experience I have understood many things....when you are in your early years of trading your mind, it wants everything and now! thinking to trade huge positions to get rich overnight! you are simply a mental degenerate who thinks he is going to conquer the world! well it's not like that! you can have the stroke of luck and feel unbeatable, but here comes the blowback making you go back to the starting point! I did it too ,over and over again! until I realized the key to being successful ;and that is simply discipline ! when you find that ,then you will be a good trader! until then you will be a baby still sucking milk from mommy's tit!
Always content yourself,value your money and profits!!!!build in small steps what you want to be! $BTC $ETH $BNB
Big news for $FUD, the meme coin of the $SUI Network!
They’re launching a SocialFi Platform that rewards users for sharing content about @fudthepug on X. Here’s how it works:
-Download the Sui Wallet and create your account. -Connect your Sui Wallet and link your X account. -Tag @fudthepug in your original content. -Wait for @fudthepug to... -Start sharing and earning with $FUD today! 🚀🐶 #SocialFi #Crypto #FUD #SuiNetwork
🔓💥Lost Password Unlocks $3M in 2013 #Bitcoin Wallet - Two researchers helped him recover it. - The wallet contained 43.6 BTC. - The BTC was worth about $2.96M #crypto #cryptonews #BitcoinETFs
🔗 An onchain mechanism to track user transactions, calculate rewards per user, and let users mint $SPAM in proportion to the number of txs they sent.
🌐 A web miner for users to easily send lots of transactions automatically, as well as mint and claim $SPAM coins.
Let's dig in at different levels of analysis:
👶 ELI5 👶
- One billion $SPAM coins are minted every day. - Users earn $SPAM by sending $SUI transactions. - The more txs you send, the more $SPAM you receive. - There is no proof of work, only proof of spam.
🕹️ MECHANISM 🕹️
A Sui "epoch" is roughly equivalent to 1 day.
Users send txs to increase their tx counters during epoch N, register their tx counters during epoch N+1, and mint $SPAM anytime from epoch N+2 based on the spamming they did in epoch N:
- Epoch 0: user spams UserCounter.0 (UC.0) - Epoch 1: user spams UC.1, registers UC.0 - Epoch 2: user spams UC.2, registers UC.1, claims UC.0 - Epoch 3: user spams UC.3, registers UC.2, claims UC.1 - And so on
🛠️ IMPLEMENTATION 🛠️
- Single-writer `UserCounter` objects are used to track the number of txs sent by each user within one epoch.
- When that epoch ends, the user registers their `UserCounter` in a shared object, so that the total number of txs in the previous epoch can be calculated.
- After that next epoch (registration period) ends, users can mint $SPAM coins in proportion to the number of txs they sent.
Here are few points from this partnership: - Sui partnered with Google Cloud to address challenges in Web3 including security, scalability, developer tools and user experiences. - Google Cloud integrated Sui blockchain data into BigQuery public datasets. - Google Cloud’s Vertex AI platform was used to train Sui on the Move programming language. - Sui’s zkLogin technology allows users to connect traditional Web2 applications to decentralized Web3 applications. - Google Cloud’s infrastructure is used to power the security and high transaction throughput of Sui’s network. - Google Cloud’s Web3 Startup Program offers resources to Sui developers.
♦️ If you have been following me for more than a month, you already know that I strongly advise against using high leverage against manipulative tokens like #TRB. ♦️Yesterday, the price of $TRB pumped from $200 to $280 (+𝟒𝟎% move), then crashed to $230 (- 𝟏𝟖% move), pumped again to $600 ( +𝟏𝟓𝟎% move) and then finally crashed to $160 ( -𝟖𝟎% move).
♦️ During this time, over $𝟔𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 worth of future positions got liquidated, which was even more than that of Bitcoin.
𝐖𝐡𝐲 𝐃𝐢𝐝 𝐈𝐭 𝐏𝐮𝐦𝐩 𝐒𝐨 𝐌𝐮𝐜𝐡?
♦️Retail always loves to retire from crypto in 1 day by taking 100x leverage so that they can make 7-figures in 1 trade 😢
♦️ Little did they know that when a token's majority supply is concentrated in the hands of a few, it's very easy to pump them fast and big.
𝐖𝐡𝐲 𝐃𝐢𝐝 𝐈𝐭 𝐂𝐫𝐚𝐬𝐡? 😱
♦️ Whales are here to make money, and retail is their exit liquidity.
♦️ They will always pump tokens to such an extent that you will start believing that they will not come down.
♦️The same happened with TRB, as people were shorting it all the way from $100 to $550, and then they thought that it was not going to come down.
♦️Then they opened a long position, and we all know what happened next.
📌 Keep 1 thing in mind that this is just a start, and the real bull market has not even arrived yet.
📌 So, don't leverage play if you don't know about the coin; invest in utility tokens and take profits when it pumps hard.
Also, #HappyNewYear to all of you again 🎊
Enjoy your day and spend time with your friends and family ♥️🫶