The BTC Dominance Index is an indicator that shows bitcoin’s share in the total capitalization of cryptocurrencies. The higher dominance is, the more considerable influence of BTC on marketAccording to the analytical website Coinmarketcap, the total value of all cryptocurrencies in the world is $985 billion, of which $380 billion, that is 39.5%, accounts for bitcoin. This index is called the “dominance of BTC”. The TradingView service began calculating the index in March 2014, and during the fir
1.Disbelief. After a bearish trend, many novice traders hesitate to jump back into trading. They often choose caution, re-entering the market only once a clear upward trend starts forming. During this phase, seasoned traders usually seize the opportunity to buy assets. As a result, beginners frequently miss optimal entry points, later ruing their caution.2. Hope. This stage can be likened to overconfidence. During brief periods when the asset's price climbs, novices might lower their defenses,
Wall Street Cheat Sheet: Trading Psychology Every newcomer on the trading floor grapples with a rollercoaster of emotions that seem to shift chaotically. However, seasoned market players recognize that these emotions don't change at random; they follow a particular sequence. Understanding this sequence is crucial to ensure that emotions don't undermine sound decision-making. Psychologists studying the challenges faced by traders have identified a tight-knit relationship between the changing market cycles and traders' moods. They argue that these two factors are intertwined, emphasizing that the market isn't just a theoretical concept; it is deeply rooted in the behavioral tendencies of its participants. In other words, there's a clear correlation between price fluctuations and the psychological dispositions of traders. Seasoned Wall Street traders have crafted a cheat sheet for newcomers. It displays a chart that juxtaposes the progression of a representative asset with the evolving emotions of a trader during price fluctuations. To prevent financial missteps in the market, it's essential to grasp these emotions and not allow them to dominate decision-making processes.
#MyFirstFeedPost Hello, Binance Square! 📊 Total transactions: 10M+ Wallet addresses: 2.5M+ Total blocks: 130K+ Wondering what are these metrics and what's behind them? Meet the HAQQ Explorer! First up, what's a blockchain explorer? It's like a search engine for public blockchains. Explorers allow you to check every transaction posted on the blockchain from wallet addresses in real-time. Think of it as Google but for blockchains. In our case, we have the HAQQ Explorer. With HAQQ Explorer, you can: View transactions as they happen Check the balance of any address Verify the details of smart contracts All transparently and in real-time! Ever made a transaction and wanted to check its status, whether confirmed or rejected? With the HAQQ Explorer, you can track it in real time, ensuring peace. Why is this important? Transparency. With the HAQQ Explorer, you can verify transactions, check balances, and cross-check the integrity of any contract on the network. Remember the popular blockchain maxis: Don’t trust, but verify? For an EVM equivalent chain like HAQQ, community members interact with dApps running as smart contracts. It is important that anyone can easily paste a contract address on the HAQQ Explorer to see activities going on in the smart contracts. How many tokens it has minted, when it was deployed, and other vital info that may be required to make a decision when interacting with such contracts. HAQQ recently recently surpassed 2.5 million wallet addresses. A phenomenal milestone for us! That's comprising ISLM holders, community members, HAQQ builders, and HAQQ Wallet users. Each wallet represents a personal account on our network. 130K+ blocks? Each block is a set of transactions bundled together. It's like a page in the grand ledger of our blockchain. And new blocks are added to the network roughly every 5.7 seconds.