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Twitter đ© : @rich_Pathfinderđ„|| Crypto Trader đ°|| Blockchain Educator đ || Lifelong learner đ§
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The seven (7) psychology keys of winning traders.
The secret to successful trading does NOT lie in an amazing theory or
indicator. The secret lies in the tradersâ MIND. The seven (7) psychology keys of winning traders are:
1. Discipline
âąTrade according to your trading entry/exit rules. Never on rumours, opinions and
emotions
âąHave the discipline to stick to your strategy through the wins and losses
âą Avoid listening to the opinions of âexpertsâ who can âpredictâ the market based on
insight or news
2. Think Statistically
âąA winning strategy will have wins as well as losses
âą The losses can come in a row (5-10 losses together)
âą Do not be greedy when you win or fearful when you lose
âą Every trade outcome is statistically insignificant
âą A good trade can end up as a âlossâ. Focus on following the rules and not on the
outcome of each trade.
âą As long as you have an edge (> 50% win) and average win is more than your
average loss, you will be profitable over many trades
3. Patience
âą Only trade when there is a high probability opportunity
âą When the rules tell you it is not the time to enter, do NOTHING
âą Knowing what NOT to do is as important as knowing what to do
4. Focus on âWhatâ is happening and not âWhyâ it is happening
âąIt is a waste of time trying to figure out why the market is moving a certain way
âąPrice movements are not caused by public news (e.g. Dow Jones increased because of the debt ceiling resolution)
âą Avoid associating market trends with news events
âą âWhat has happened in the market to cause this move?â is irrelevant to trading success.
5. Do Not Predict the Future
âąIt is impossible to predict the future-> driven by crowd psychology
âąAvoid listening to experts who give predictions of the future or to predict yourself
âąTrade based on the current trend or reversal in trend
âąPredicting the future clouds our judgement and makes us less willing to take losses (ego).
6. Risk Management
âąThere is no trade that is guaranteed a win. Always risk a small percentage of
your capital (e.g. 1-3%) and enter high probability trades where your profit
target and stop loss is pre-set.
7. High Level of Confidence
âą Confidence to follow your trading strategy through the wins and losses
âą Confidence does not come from the outcome of any particular trade
âą Confidence comes from knowing that your trading plan/strategy has a positive
expectancy (edge).
In conclusion,
Putting these seven (7) psychology keys to practise will help us to stay profitable in the long-term. Kindly like, comment and follow me for more useful contents on trading.
#CPI_BTC_Watch #TON #DOGSONBINANCE $BTC $WIF $FET
indicator. The secret lies in the tradersâ MIND. The seven (7) psychology keys of winning traders are:
1. Discipline
âąTrade according to your trading entry/exit rules. Never on rumours, opinions and
emotions
âąHave the discipline to stick to your strategy through the wins and losses
âą Avoid listening to the opinions of âexpertsâ who can âpredictâ the market based on
insight or news
2. Think Statistically
âąA winning strategy will have wins as well as losses
âą The losses can come in a row (5-10 losses together)
âą Do not be greedy when you win or fearful when you lose
âą Every trade outcome is statistically insignificant
âą A good trade can end up as a âlossâ. Focus on following the rules and not on the
outcome of each trade.
âą As long as you have an edge (> 50% win) and average win is more than your
average loss, you will be profitable over many trades
3. Patience
âą Only trade when there is a high probability opportunity
âą When the rules tell you it is not the time to enter, do NOTHING
âą Knowing what NOT to do is as important as knowing what to do
4. Focus on âWhatâ is happening and not âWhyâ it is happening
âąIt is a waste of time trying to figure out why the market is moving a certain way
âąPrice movements are not caused by public news (e.g. Dow Jones increased because of the debt ceiling resolution)
âą Avoid associating market trends with news events
âą âWhat has happened in the market to cause this move?â is irrelevant to trading success.
5. Do Not Predict the Future
âąIt is impossible to predict the future-> driven by crowd psychology
âąAvoid listening to experts who give predictions of the future or to predict yourself
âąTrade based on the current trend or reversal in trend
âąPredicting the future clouds our judgement and makes us less willing to take losses (ego).
6. Risk Management
âąThere is no trade that is guaranteed a win. Always risk a small percentage of
your capital (e.g. 1-3%) and enter high probability trades where your profit
target and stop loss is pre-set.
7. High Level of Confidence
âą Confidence to follow your trading strategy through the wins and losses
âą Confidence does not come from the outcome of any particular trade
âą Confidence comes from knowing that your trading plan/strategy has a positive
expectancy (edge).
In conclusion,
Putting these seven (7) psychology keys to practise will help us to stay profitable in the long-term. Kindly like, comment and follow me for more useful contents on trading.
#CPI_BTC_Watch #TON #DOGSONBINANCE $BTC $WIF $FET
Three (3) effective ways to manage your emotions as Traderđ°đ€
When trading, you will be facing a whole host of emotions that is tied to money at stake in your account- greed, fear, doubt, hope, excitement etc.
Here are three (3) ways to manage your emotions:
âą Be objective and acknowledge your emotions. You identify your emotional patterns when take time to write down how you feel at the beginning, during and at the end of each trade. Be true to yourself because a problem identified is half solved and whatever you can't identify, you can't conquer.
âąTo be a winning trader, learn to think and act contrary to our natural instincts. Many of our emotional patterns make us lose money. When we are conscious of these patterns, we can overcome them. Trading is for strong MINDS.
âą It is advisable to trade at a level of capital & risk where a few losing trades does not âhurtâ you emotionally. This level depends on your individual âpain thresholdâ.
In conclusion, Trading is a psychological business and the strong minds take the money of weak minds.
Kindly like, comment and follow me for more useful content on trading. Thank youđ€
#dappOSTheFutureofIntents #DOGSONBINANCE #CPI_BTC_Watch $BTC $WIF $FET
When trading, you will be facing a whole host of emotions that is tied to money at stake in your account- greed, fear, doubt, hope, excitement etc.
Here are three (3) ways to manage your emotions:
âą Be objective and acknowledge your emotions. You identify your emotional patterns when take time to write down how you feel at the beginning, during and at the end of each trade. Be true to yourself because a problem identified is half solved and whatever you can't identify, you can't conquer.
âąTo be a winning trader, learn to think and act contrary to our natural instincts. Many of our emotional patterns make us lose money. When we are conscious of these patterns, we can overcome them. Trading is for strong MINDS.
âą It is advisable to trade at a level of capital & risk where a few losing trades does not âhurtâ you emotionally. This level depends on your individual âpain thresholdâ.
In conclusion, Trading is a psychological business and the strong minds take the money of weak minds.
Kindly like, comment and follow me for more useful content on trading. Thank youđ€
#dappOSTheFutureofIntents #DOGSONBINANCE #CPI_BTC_Watch $BTC $WIF $FET
3 things you can do in the market dailyđ
As a trader, you're the CEO of your trading business and responsible for decisions such as;
1. Going long ( buy) : You buy low with the expectation to sell high.
2. Going Short (Sell) : You buy high and sell low
3. Doing nothing: In trading, doing nothing is doing something. So don't always think everyday you have to trade. If the market has a clear direction trade it (either long/short) but if you're not sure of the clear direction of the market, don't trade. Stay out of the water.
On a choppy day where there's no clear direction of the market, do nothing ( don't trade ).
In conclusion,
Wait for a clear direction before you jump into the market to look for quality trades.
Successful traders only trade when the odds are in their favour. Kindly like, comment and follow me for more useful contents on trading.
#CPI_BTC_Watch #CryptoMarketMoves $BTC $WIF
As a trader, you're the CEO of your trading business and responsible for decisions such as;
1. Going long ( buy) : You buy low with the expectation to sell high.
2. Going Short (Sell) : You buy high and sell low
3. Doing nothing: In trading, doing nothing is doing something. So don't always think everyday you have to trade. If the market has a clear direction trade it (either long/short) but if you're not sure of the clear direction of the market, don't trade. Stay out of the water.
On a choppy day where there's no clear direction of the market, do nothing ( don't trade ).
In conclusion,
Wait for a clear direction before you jump into the market to look for quality trades.
Successful traders only trade when the odds are in their favour. Kindly like, comment and follow me for more useful contents on trading.
#CPI_BTC_Watch #CryptoMarketMoves $BTC $WIF
Two (2) quick ways to differentiate between a GOOD trade and a BAD trade.đ€·
1. A good trade follows the rules of your pre-defined trading strategy but with a bad trade is a trade, you âbreakâ your own rules.
2. A good trade can be a wining trade or a losing trade.
Executing good trades assures long term success and repeatable long term profitability.
However, a bad trade can turn out to be a winning trade. While it may âfeel goodâ in the short term, it reinforces bad trading habits in the long term and may lead to poor performance
in the long term.
#CPI_BTC_Watch $BTC $WIF
1. A good trade follows the rules of your pre-defined trading strategy but with a bad trade is a trade, you âbreakâ your own rules.
2. A good trade can be a wining trade or a losing trade.
Executing good trades assures long term success and repeatable long term profitability.
However, a bad trade can turn out to be a winning trade. While it may âfeel goodâ in the short term, it reinforces bad trading habits in the long term and may lead to poor performance
in the long term.
#CPI_BTC_Watch $BTC $WIF
$BTC Price update
It appears the bears are driving price in full force to test $49k - $51k keys levels.
#USNonFarmPayrollReport
It appears the bears are driving price in full force to test $49k - $51k keys levels.
#USNonFarmPayrollReport
đ„Meet Jesse Livermore: Who made the equivalent of more than $3 billion one day.
Jesse Livermore was the greatest stock market trader of his day. Born in 1877, he became a professional trader before most people know you could do such a thing. By age 30 he was worth the inflation-adjusted equivalent of $100million.
By 1929 Jesse Livermore was already one of the most well-known investors in the world. The stock market crashed that year that ushered in the Great depression but it was during this difficult times that he cemented his legacy in history.
More than a third of the stock marketâs value was wiped out in October 1929 similar how altcoins have lost an average of 60% of its value and many recorded liquidations. Jesse Livermore had been short the market, betting that stocks would decline in value. In one day, Jesse Livermore made the equivalent of more than $3 billion. During the worst month in the history of the stock market he became one of the richest men in the world.
However, four (4) later, something tragic happened. After his 1929 massive success, Jesse Livermore became very complacent, overflowing with confidence, made larger and larger bets and eventually lost everything. Broke and ashamed, he disappeared for two days in 1933 and took his own life.
Lessons:
He was good with getting wealthy but very bad at staying wealthy.
Getting money is one thing and keeping money is another thing.
Getting money and keeping money are two different skills.
Youâre not invincible: there will always be winning days and losing days.
Donât underestimate the power of risk management.
#USDataImpact #NFPWatch #TON #BNBChainMemecoins $BTC $WIF
Jesse Livermore was the greatest stock market trader of his day. Born in 1877, he became a professional trader before most people know you could do such a thing. By age 30 he was worth the inflation-adjusted equivalent of $100million.
By 1929 Jesse Livermore was already one of the most well-known investors in the world. The stock market crashed that year that ushered in the Great depression but it was during this difficult times that he cemented his legacy in history.
More than a third of the stock marketâs value was wiped out in October 1929 similar how altcoins have lost an average of 60% of its value and many recorded liquidations. Jesse Livermore had been short the market, betting that stocks would decline in value. In one day, Jesse Livermore made the equivalent of more than $3 billion. During the worst month in the history of the stock market he became one of the richest men in the world.
However, four (4) later, something tragic happened. After his 1929 massive success, Jesse Livermore became very complacent, overflowing with confidence, made larger and larger bets and eventually lost everything. Broke and ashamed, he disappeared for two days in 1933 and took his own life.
Lessons:
He was good with getting wealthy but very bad at staying wealthy.
Getting money is one thing and keeping money is another thing.
Getting money and keeping money are two different skills.
Youâre not invincible: there will always be winning days and losing days.
Donât underestimate the power of risk management.
#USDataImpact #NFPWatch #TON #BNBChainMemecoins $BTC $WIF
đšMassive inflows into Crypto Stablecoinsđš
The total capitalization of stablecoins has surpassed $170 billion, approaching the all-time high set in 2022.
This indicates that new money is entering the crypto market with well-known stablecoins like $USDT and $USDC leading the pack.
Although it isn't happening as quickly or massively as we might prefer, it is occurring steadily.
As stablecoins gain more capitalization, competition among blockchains intensifies.
Each project aims to have its blockchain widely used, boosting its popularity and value.
Stablecoins offer diverse use cases, such as remittances, savings, loans, and cross-border payments, positioning stablecoins as real-world asset for mass adoption.
Finally, the subtle idea that everyone loves to own a digital dollar will serve as a catalyst for new money to flow into the market. This is great for crypto particularly this cycle.
#USDataImpact #NFPWatch #CryptoMarketMoves $BTC
The total capitalization of stablecoins has surpassed $170 billion, approaching the all-time high set in 2022.
This indicates that new money is entering the crypto market with well-known stablecoins like $USDT and $USDC leading the pack.
Although it isn't happening as quickly or massively as we might prefer, it is occurring steadily.
As stablecoins gain more capitalization, competition among blockchains intensifies.
Each project aims to have its blockchain widely used, boosting its popularity and value.
Stablecoins offer diverse use cases, such as remittances, savings, loans, and cross-border payments, positioning stablecoins as real-world asset for mass adoption.
Finally, the subtle idea that everyone loves to own a digital dollar will serve as a catalyst for new money to flow into the market. This is great for crypto particularly this cycle.
#USDataImpact #NFPWatch #CryptoMarketMoves $BTC
$WIF Chart Analysis
The $1.40 -$1.48 seems to be a strong support zone for $WIF on the 1wk, 1D, 1H, 15min and 5min charts as at the time of this post. The 1wk and 1D chart also shows a fallen wedge with the Williams%R indicator clearly indicating oversold conditions.
Scenario 1: If the $1.40 -$1.48 support zone holds, there could be a nice breakout in the coming days.
Scenario 2: If the $1.4 support zone is broken, price could drop to $1.3 levels before either a sideways move or recovery.
Note: This is not financial advice. #Dyor2024
#BNBChainMemecoins #DOGSONBINANCE #TelegramCEO #CryptoMarketMoves
The $1.40 -$1.48 seems to be a strong support zone for $WIF on the 1wk, 1D, 1H, 15min and 5min charts as at the time of this post. The 1wk and 1D chart also shows a fallen wedge with the Williams%R indicator clearly indicating oversold conditions.
Scenario 1: If the $1.40 -$1.48 support zone holds, there could be a nice breakout in the coming days.
Scenario 2: If the $1.4 support zone is broken, price could drop to $1.3 levels before either a sideways move or recovery.
Note: This is not financial advice. #Dyor2024
#BNBChainMemecoins #DOGSONBINANCE #TelegramCEO #CryptoMarketMoves
Gratitude is one of the hallmarks of successful traders.
@CRYPTO MECHANIC
Reward voucher received with a grateful heart.
Thank you for honouring your word. đ
$BTC #CryptoMarketMoves
@CRYPTO MECHANIC
Reward voucher received with a grateful heart.
Thank you for honouring your word. đ
$BTC #CryptoMarketMoves
LIVE
CRYPTO MECHANIC
--
Here are the winners
@Blacklight06
@Orange White
@Sabahat
@LsNouman
@The_Pathfinder
@Sitoshi
@ZMKhan
@Square-Creator-d62525406
@Web3 Giant
You will receive your rewards soon. :)
@Blacklight06
@Orange White
@Sabahat
@LsNouman
@The_Pathfinder
@Sitoshi
@ZMKhan
@Square-Creator-d62525406
@Web3 Giant
You will receive your rewards soon. :)
Four (4) proven trading systems to consider when trading the market.đ°
Although research data shows that the month of September is mostly a bearish month for crypto trading. However, here are four (4) trading systems that can help you adjust and optimize your trading results.
1. Position Trading: This trading system is suitable for traders who have a long-term perspective for their trades. With position trading system, traders can buy and hold trades for several months to years before executing their exit strategy. Â For example: if you buy $BTC at $57,000 with the intention to hold it for the period of 10months â 24months and sell at $100,000. In this trading system, traders use the information on the weekly and monthly charts to make their trading decisions.
2.Swing Trading: This is one of the most profitable ways of trading with consistent results. With this system, traders buy and hold trades for few days â weeks period before executing their exit strategy. For example: if you buy $FET at $1.12 with the intention to hold it up to the end of Q4 of 2024 and sell it at $5. In this trading system, traders mostly use the information on the daily and weekly charts to make their trading decisions.
3. Day Trading: This is the most popular trading system out there. With this system, traders buy and sell assets within 24hrs. This system has a lot promise of gains but also subject traders to the emotional roller coaster of short-term market volatility. For example: You buy $WIF at $1.41 with the intention not to hold the trade beyond 24hrs. In this trading system, traders mostly use the information on 5min â 1hr charts to make their trading decisions.
4. Scalping: This trading system is suitable for traders who trade on very short time frames like the 1min â 3min charts. This system is very convenient for trading bots.
In this trading system, traders mostly use the information on the 1min â 3min charts to make their trading decisions.
Which of these four (4) trading systems is your favorite?
NB: This is not financial advice.
Although research data shows that the month of September is mostly a bearish month for crypto trading. However, here are four (4) trading systems that can help you adjust and optimize your trading results.
1. Position Trading: This trading system is suitable for traders who have a long-term perspective for their trades. With position trading system, traders can buy and hold trades for several months to years before executing their exit strategy. Â For example: if you buy $BTC at $57,000 with the intention to hold it for the period of 10months â 24months and sell at $100,000. In this trading system, traders use the information on the weekly and monthly charts to make their trading decisions.
2.Swing Trading: This is one of the most profitable ways of trading with consistent results. With this system, traders buy and hold trades for few days â weeks period before executing their exit strategy. For example: if you buy $FET at $1.12 with the intention to hold it up to the end of Q4 of 2024 and sell it at $5. In this trading system, traders mostly use the information on the daily and weekly charts to make their trading decisions.
3. Day Trading: This is the most popular trading system out there. With this system, traders buy and sell assets within 24hrs. This system has a lot promise of gains but also subject traders to the emotional roller coaster of short-term market volatility. For example: You buy $WIF at $1.41 with the intention not to hold the trade beyond 24hrs. In this trading system, traders mostly use the information on 5min â 1hr charts to make their trading decisions.
4. Scalping: This trading system is suitable for traders who trade on very short time frames like the 1min â 3min charts. This system is very convenient for trading bots.
In this trading system, traders mostly use the information on the 1min â 3min charts to make their trading decisions.
Which of these four (4) trading systems is your favorite?
NB: This is not financial advice.
đšđšđš Token Unlocks đšđšđš
Three (3) Upcoming token unlocks in the next 7days
$DYDX : On 3rd September 2024, DYDX will release 1.55million Dydx tokens worth $ 1.38million as part of it cliff unlocks.
$FET : Fetch AI will unlock 109.81k of FET tokens worth $127.38k daily on 5th September 2024 as part of it linear unlocks
$IMX : Immutable will unlock 15.91million imx token worth $20.53m for its ecosystem developments and 16.56million imx token worth $21.36m for its project developments on 6th September, 2024 at 12:00AM UTC.
#TON #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves
Three (3) Upcoming token unlocks in the next 7days
$DYDX : On 3rd September 2024, DYDX will release 1.55million Dydx tokens worth $ 1.38million as part of it cliff unlocks.
$FET : Fetch AI will unlock 109.81k of FET tokens worth $127.38k daily on 5th September 2024 as part of it linear unlocks
$IMX : Immutable will unlock 15.91million imx token worth $20.53m for its ecosystem developments and 16.56million imx token worth $21.36m for its project developments on 6th September, 2024 at 12:00AM UTC.
#TON #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves
What if the altseason doesn't arrive until 2025?đ€
Seriously, only $BTC and memecoins have demonstrated significant strength in this current market. Most altcoins remain far from their all-time highs. Each market drop pushes altcoins further down.
At present, it seems likely that big players are not interested in altcoins. The growth observed from November to March may have been a bull trap to siphon off liquidity.
It's wise to prepare for this scenario.
Perhaps we anticipated the bull cycle too early....
Market sentiment is extremely negative, yet many view the current altcoin decline as an opportunity.
Most are interpreting various signals as indications that we are nearing the altseason.
However, with each week of stagnation in altcoin prices, it increasingly appears that the altseason may not arrive until 2025.
Let's brace ourselves up and stay strong đȘ
#TON #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves $DOGS $WIF
Seriously, only $BTC and memecoins have demonstrated significant strength in this current market. Most altcoins remain far from their all-time highs. Each market drop pushes altcoins further down.
At present, it seems likely that big players are not interested in altcoins. The growth observed from November to March may have been a bull trap to siphon off liquidity.
It's wise to prepare for this scenario.
Perhaps we anticipated the bull cycle too early....
Market sentiment is extremely negative, yet many view the current altcoin decline as an opportunity.
Most are interpreting various signals as indications that we are nearing the altseason.
However, with each week of stagnation in altcoin prices, it increasingly appears that the altseason may not arrive until 2025.
Let's brace ourselves up and stay strong đȘ
#TON #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves $DOGS $WIF
The perfect Timeframe for Trading.đ€
Most traders drain themselves believing there's a perfect timeframe for trading.
Some even think there is a "right" or "wrong" timeframe to trade.
The truth is, that all timeframes are fractal and present unique information.
Each timeframe tells a similar story, just with a different level of detail.
For example
The same market structure you see on a Higher timeframe (HTF) is also visible on a lower timeframe (LTF) and there is no way to tell them apart.
But you can also use this information in your favor and improve your trading outcomes. Traders come into the market with different preference styles to trading. Some get results when the focus their trading decisions on the HTF which gives a very broad picture of what is happening in the market. Others also prefer to trades using LTF.
In conclusion,
Irrespective of how you approach the market, an approach of top to bottom analysis from the HTF to LTF can level up your trading gains.
#TON #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves $BTC $DOGS $TON
Most traders drain themselves believing there's a perfect timeframe for trading.
Some even think there is a "right" or "wrong" timeframe to trade.
The truth is, that all timeframes are fractal and present unique information.
Each timeframe tells a similar story, just with a different level of detail.
For example
The same market structure you see on a Higher timeframe (HTF) is also visible on a lower timeframe (LTF) and there is no way to tell them apart.
But you can also use this information in your favor and improve your trading outcomes. Traders come into the market with different preference styles to trading. Some get results when the focus their trading decisions on the HTF which gives a very broad picture of what is happening in the market. Others also prefer to trades using LTF.
In conclusion,
Irrespective of how you approach the market, an approach of top to bottom analysis from the HTF to LTF can level up your trading gains.
#TON #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves $BTC $DOGS $TON
đ„Execution is King in Trading.đ„đȘ
You can learn all the fancy market strategies and technical analysis but without a proper execution model, you can't get the needed results.
Most Traders are too focused on their execution levels but don't study previous price action.
Understanding how the price of an asset got to a particular level is very important for accurate execution.
For example:
If you wanted to short this support using a momentum strategy
But failed to see that the price was within a range,
Your momentum trade would have hit a stop loss.
#TON #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves $BTC $DOGS $WIF
You can learn all the fancy market strategies and technical analysis but without a proper execution model, you can't get the needed results.
Most Traders are too focused on their execution levels but don't study previous price action.
Understanding how the price of an asset got to a particular level is very important for accurate execution.
For example:
If you wanted to short this support using a momentum strategy
But failed to see that the price was within a range,
Your momentum trade would have hit a stop loss.
#TON #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves $BTC $DOGS $WIF
Is Crypto Crash on the horizon đ€???
Economic crashes similar to the likes of "the internet bubble" of 1990s, 2008 recession or future recessions can stop the advancement of Blockchain technology and crypto because of its resilience. Several governments have tried out many draconian tactics to stop crypto but all ended in futility. Blockchain as a technology has come to stay because of its potential to revolutionize various industries, including finance, supply chain management, healthcare, and more. Its ability to provide secure, transparent, and efficient transactions makes it a powerful tool for driving innovation and transforming traditional business models.
In order to predict the future, we need to appreciate the progress made so far in this space. The first pre-blockchain technology that provides a slight hint remotely similar to what we know today as blockchain is the Merkle tree. Ralph Merkle described this approach to digital signatures and public key distribution in a thesis in 1979. This is one of several independently developed technological concepts that provide a glimpse into what could be.Â
Other notable examples include:
David Chaum and his digital cash system,
Stuart Haberâs block-based timestamping technology,
Cynthia Dwork and Moni Naorâs Proof of Work concept and
Stefan Konstâs concept of cryptographically secured chains, which is the basis of blockchain models today.
Currently, the creativity and innovation of Satoshi Nakamoto (the pseudonym for an unknown individual or group of individuals) to published Bitcoinâs white paper in 2008 explaining the concept of a secure infrastructure that could support P2P financial transactions between individuals without the need for any third party has birth Ethereum and other great projects which have here for almost two decades.
If you're reading this article, I want to specially congratulate you because you're still part of the early retail adopters of this technology and crypto. The future of blockchain is already on the horizon as usher ourselves into massive institutional adoption from BlackRock, Fidelity, VanEck and the likes through the catalyst of Bitcoin and Ethereum ETFs . There is now major shift in traditional finance industry with key players like JPMorgan Chase's successful implementation of a high-speed quantum-secured crypto-agile network (Q-CAN), that connects two data centers over deployed fibers. This shows the huge potential that lies ahead of us.
In conclusion, if thereâs anything we can learn from blockchainâs past and present, one thing is sure that itâll have far-reaching impacts across various industries in the future. As blockchain technology continues to grow, investing in blockchain knowledge and learning key concepts like tokenomics, asset tokenization and supply allocation will be a valuable investment in the future. The more you learn and apply, the more you increase your earning potential in this space.
#TON #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves $BTC $ETH $DOGS
In order to predict the future, we need to appreciate the progress made so far in this space. The first pre-blockchain technology that provides a slight hint remotely similar to what we know today as blockchain is the Merkle tree. Ralph Merkle described this approach to digital signatures and public key distribution in a thesis in 1979. This is one of several independently developed technological concepts that provide a glimpse into what could be.Â
Other notable examples include:
David Chaum and his digital cash system,
Stuart Haberâs block-based timestamping technology,
Cynthia Dwork and Moni Naorâs Proof of Work concept and
Stefan Konstâs concept of cryptographically secured chains, which is the basis of blockchain models today.
Currently, the creativity and innovation of Satoshi Nakamoto (the pseudonym for an unknown individual or group of individuals) to published Bitcoinâs white paper in 2008 explaining the concept of a secure infrastructure that could support P2P financial transactions between individuals without the need for any third party has birth Ethereum and other great projects which have here for almost two decades.
If you're reading this article, I want to specially congratulate you because you're still part of the early retail adopters of this technology and crypto. The future of blockchain is already on the horizon as usher ourselves into massive institutional adoption from BlackRock, Fidelity, VanEck and the likes through the catalyst of Bitcoin and Ethereum ETFs . There is now major shift in traditional finance industry with key players like JPMorgan Chase's successful implementation of a high-speed quantum-secured crypto-agile network (Q-CAN), that connects two data centers over deployed fibers. This shows the huge potential that lies ahead of us.
In conclusion, if thereâs anything we can learn from blockchainâs past and present, one thing is sure that itâll have far-reaching impacts across various industries in the future. As blockchain technology continues to grow, investing in blockchain knowledge and learning key concepts like tokenomics, asset tokenization and supply allocation will be a valuable investment in the future. The more you learn and apply, the more you increase your earning potential in this space.
#TON #DOGSONBINANCE #BNBChainMemecoins #CryptoMarketMoves $BTC $ETH $DOGS
How micro-analysis can be a gain changer in Trading?
Many traders enter a trade on a higher timeframe then try to micro-manage it on a lower timeframe. This leads to psychological errors and eventually losses.
To become profitable, you need a balance of analysis and execution.
For example:
If I have an altcoin investment horizon of 10+ months, I don't worry about what happens on the daily timeframe. The same applies to smaller timeframes in trading.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO $FIL $BTC $DOGS
Many traders enter a trade on a higher timeframe then try to micro-manage it on a lower timeframe. This leads to psychological errors and eventually losses.
To become profitable, you need a balance of analysis and execution.
For example:
If I have an altcoin investment horizon of 10+ months, I don't worry about what happens on the daily timeframe. The same applies to smaller timeframes in trading.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO $FIL $BTC $DOGS
The aspect of Blockchain nobody talks about.
If your goal in crypto is only to make money and don't really care to have a fundamental working knowledge of the technology that backs your crypto projects. Then sorry to say, your approach is shallow and will not be to sustain you in this space for long. Blockchain technology plays a pivotal role in the success of crypto projects. It serves as the backbone, providing a secure and reliable infrastructure for digital transactions. Blockchain technology supports crypto projects in several ways:
Immutability:Â Once a transaction is recorded on the blockchain, it becomes a permanent part of the ledger. This immutability ensures that transactions cannot be tampered with, providing a reliable and transparent record of all activities within the crypto project.
Security:Â Obviously, blockchainâs cryptographic techniques and decentralized nature provide robust security measures, protecting against fraud and hacking. The use of cryptographic algorithms ensures that each transaction is encrypted and can only be accessed by authorized parties. Additionally, the decentralized nature of blockchain makes it highly resistant to attacks, as there is no single point of failure.
Transparency:Â The transparent nature of blockchain enables anyone to view and verify transactions, promoting trust and accountability. Each transaction is recorded on a public ledger, accessible to all participants in the network. This transparency eliminates the need for trust in intermediaries and allows users to independently verify the authenticity of transactions.
Efficiency:Â Of course, blockchain eliminates intermediaries and reduces reliance on traditional processes, enabling faster and cost-effective transactions. By removing the need for intermediaries, blockchain technology streamlines the transaction process, reducing the time and cost associated with traditional financial systems. This increased efficiency opens up new possibilities for cross-border transactions, micropayments, and financial inclusion.
In conclusion, by leveraging blockchain, crypto projects can overcome the limitations of traditional financial systems and create a more inclusive and accessible economy.
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #CryptoMarketMoves #BinanceBlockchainWeek $BTC $ETH $BNB
Immutability:Â Once a transaction is recorded on the blockchain, it becomes a permanent part of the ledger. This immutability ensures that transactions cannot be tampered with, providing a reliable and transparent record of all activities within the crypto project.
Security:Â Obviously, blockchainâs cryptographic techniques and decentralized nature provide robust security measures, protecting against fraud and hacking. The use of cryptographic algorithms ensures that each transaction is encrypted and can only be accessed by authorized parties. Additionally, the decentralized nature of blockchain makes it highly resistant to attacks, as there is no single point of failure.
Transparency:Â The transparent nature of blockchain enables anyone to view and verify transactions, promoting trust and accountability. Each transaction is recorded on a public ledger, accessible to all participants in the network. This transparency eliminates the need for trust in intermediaries and allows users to independently verify the authenticity of transactions.
Efficiency:Â Of course, blockchain eliminates intermediaries and reduces reliance on traditional processes, enabling faster and cost-effective transactions. By removing the need for intermediaries, blockchain technology streamlines the transaction process, reducing the time and cost associated with traditional financial systems. This increased efficiency opens up new possibilities for cross-border transactions, micropayments, and financial inclusion.
In conclusion, by leveraging blockchain, crypto projects can overcome the limitations of traditional financial systems and create a more inclusive and accessible economy.
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #CryptoMarketMoves #BinanceBlockchainWeek $BTC $ETH $BNB
$BTC chart analysis for the week.
After an impressive price breakout, bitcoin is hanging mid-range in it attempt to reclaim the $70k - $72 key zones.
Scenario 1: Price could retrace to $61k test the strength of the uptrend either on the 20 or 40 EMA before a price continuation upwards to $66k - $68k.
Scenario 2: Price could move sideways within the $62k - $63k range before a continuation upwards.
NB: This is not financial advice. #Dyor2024
#MtGoxRepayments #BinanceLaunchpoolDOGS
After an impressive price breakout, bitcoin is hanging mid-range in it attempt to reclaim the $70k - $72 key zones.
Scenario 1: Price could retrace to $61k test the strength of the uptrend either on the 20 or 40 EMA before a price continuation upwards to $66k - $68k.
Scenario 2: Price could move sideways within the $62k - $63k range before a continuation upwards.
NB: This is not financial advice. #Dyor2024
#MtGoxRepayments #BinanceLaunchpoolDOGS
The Core Components of a Crypto Projects with 10x - 50x potential.
As we warm up for this bull cycle, it is crucial to ensure that the coins you have in your portfolio tick all the boxes of the five (5) vital components viable crypto projects possess. A successful crypto project typically consists of the following core components:
1. Technology
The underlying technology, such as blockchain, enables the functionality and security of the crypto project.
The technology aspect of a crypto project is crucial as it determines the projectâs capabilities and potential. Blockchain technology, for example, provides a decentralized and transparent system that ensures the integrity of transactions. It allows for secure peer-to-peer transactions without the need for intermediaries, making it an ideal foundation for cryptocurrencies and DApps.
2. Team
The team behind a crypto project plays a vital role in its development and success. This includes developers, marketers, advisors, and legal professionals.
The team behind a crypto project is responsible for bringing the vision to life. Developers are instrumental in coding and building the necessary infrastructure, while marketers help create awareness and drive adoption. Advisors provide valuable guidance and expertise, ensuring the project aligns with industry best practices. Legal professionals navigate the complex regulatory landscape, ensuring compliance and mitigating risks.
Â
3. Community
A strong and engaged community fosters support, adoption, and growth for a crypto project.
The community surrounding a crypto project is a crucial factor in its success. A passionate and engaged community can help drive adoption, provide feedback for improvements, and even contribute to the projectâs development. Community members can also act as advocates, spreading awareness and attracting new users.
Â
4. Token Economics
The economic model and tokenomics outline how the cryptocurrency functions within the project ecosystem.
The token economics of a crypto project define the role and utility of its native cryptocurrency. It includes factors such as token distribution, supply, and demand dynamics. Tokenomics aims to create a sustainable and balanced ecosystem where the cryptocurrency has value and serves a purpose within the projectâs network.
Â
5. Roadmap
A roadmap provides a strategic plan for the development and implementation of a crypto project, outlining milestones and objectives.
A roadmap is a crucial tool for guiding the development and progress of a crypto project. It outlines the projectâs goals, milestones, and timelines, providing a clear direction for the team and stakeholders. A well-defined roadmap helps build trust and confidence among investors and community members, showcasing the projectâs commitment to delivering on its promises.
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves $BTC $MANTA $FET
1. Technology
The underlying technology, such as blockchain, enables the functionality and security of the crypto project.
The technology aspect of a crypto project is crucial as it determines the projectâs capabilities and potential. Blockchain technology, for example, provides a decentralized and transparent system that ensures the integrity of transactions. It allows for secure peer-to-peer transactions without the need for intermediaries, making it an ideal foundation for cryptocurrencies and DApps.
2. Team
The team behind a crypto project plays a vital role in its development and success. This includes developers, marketers, advisors, and legal professionals.
The team behind a crypto project is responsible for bringing the vision to life. Developers are instrumental in coding and building the necessary infrastructure, while marketers help create awareness and drive adoption. Advisors provide valuable guidance and expertise, ensuring the project aligns with industry best practices. Legal professionals navigate the complex regulatory landscape, ensuring compliance and mitigating risks.
Â
3. Community
A strong and engaged community fosters support, adoption, and growth for a crypto project.
The community surrounding a crypto project is a crucial factor in its success. A passionate and engaged community can help drive adoption, provide feedback for improvements, and even contribute to the projectâs development. Community members can also act as advocates, spreading awareness and attracting new users.
Â
4. Token Economics
The economic model and tokenomics outline how the cryptocurrency functions within the project ecosystem.
The token economics of a crypto project define the role and utility of its native cryptocurrency. It includes factors such as token distribution, supply, and demand dynamics. Tokenomics aims to create a sustainable and balanced ecosystem where the cryptocurrency has value and serves a purpose within the projectâs network.
Â
5. Roadmap
A roadmap provides a strategic plan for the development and implementation of a crypto project, outlining milestones and objectives.
A roadmap is a crucial tool for guiding the development and progress of a crypto project. It outlines the projectâs goals, milestones, and timelines, providing a clear direction for the team and stakeholders. A well-defined roadmap helps build trust and confidence among investors and community members, showcasing the projectâs commitment to delivering on its promises.
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves $BTC $MANTA $FET
đ„The rise and fall of Rajat Guptađ„
He was born in Kolkata and orphaned as a teenager. From the slums of Kolkata, Gupta became one of the most successful businessmen in his lifetime. By his mid 40s Gupta was CEO of McKinsey, the worlds most prestigious consulting firm. He retired in 2007 to take on roles with the United Nations and world Economic Forum.
With his success came enormous wealth. By 2008, he was reportedly worth $100million. Its an unfathomable sum of money to most people. A 5% annual return on that much money generates almost $600 an hour, 24 hours a day. He could have done anything he wanted in life. And what he wanted by all accounts was not to be a mere centa-millionaire. Rajat Gupta wanted to be a BILLIONAIRE and wanted it badly.
Gupta sat on the board of directors of Goldman Sachs, which surrounded him with some of the wealthiest investors in the world. In 2008, as Goldman Sachs stared at the wrath of the financial crisis, Warren Buffet planned to invest $5 billion into the bank to help it survive. As a Goldman Sachs board member, Gupta learned about this transaction before the public. It was a valuable information. Goldmanâs survival was in doubt and Buffettâs backing would surely send its stock price soaring.
16 seconds after learning of the pending deal Gupta, who was dialed  into the board meeting, hung up the phone and called a hedge fund manager named Raj Rajaratnam. The call wasnât recorded but Rajaratnam immediately bought 175000 shares of Goldman Sachs, so you can guess what was discussed. The Buffett-Goldman deal was announced to the public hours later. Goldman stock surged. Rajaratnam made a quick $1 million.
This alleged trend raised suspension. The SEC claims Guptaâs insider tips lead to $17 million in profits. It was easy money and for prosecutors, it was even an easier case. Both Gupta and Rajaratnam went to prison for insider trading, their careers and reputations were irrevocably ruined.
 Lesson: Beware of Greed!
 #MtGoxRepayments #PowellAtJacksonHole $BTC $BNB
He was born in Kolkata and orphaned as a teenager. From the slums of Kolkata, Gupta became one of the most successful businessmen in his lifetime. By his mid 40s Gupta was CEO of McKinsey, the worlds most prestigious consulting firm. He retired in 2007 to take on roles with the United Nations and world Economic Forum.
With his success came enormous wealth. By 2008, he was reportedly worth $100million. Its an unfathomable sum of money to most people. A 5% annual return on that much money generates almost $600 an hour, 24 hours a day. He could have done anything he wanted in life. And what he wanted by all accounts was not to be a mere centa-millionaire. Rajat Gupta wanted to be a BILLIONAIRE and wanted it badly.
Gupta sat on the board of directors of Goldman Sachs, which surrounded him with some of the wealthiest investors in the world. In 2008, as Goldman Sachs stared at the wrath of the financial crisis, Warren Buffet planned to invest $5 billion into the bank to help it survive. As a Goldman Sachs board member, Gupta learned about this transaction before the public. It was a valuable information. Goldmanâs survival was in doubt and Buffettâs backing would surely send its stock price soaring.
16 seconds after learning of the pending deal Gupta, who was dialed  into the board meeting, hung up the phone and called a hedge fund manager named Raj Rajaratnam. The call wasnât recorded but Rajaratnam immediately bought 175000 shares of Goldman Sachs, so you can guess what was discussed. The Buffett-Goldman deal was announced to the public hours later. Goldman stock surged. Rajaratnam made a quick $1 million.
This alleged trend raised suspension. The SEC claims Guptaâs insider tips lead to $17 million in profits. It was easy money and for prosecutors, it was even an easier case. Both Gupta and Rajaratnam went to prison for insider trading, their careers and reputations were irrevocably ruined.
 Lesson: Beware of Greed!
 #MtGoxRepayments #PowellAtJacksonHole $BTC $BNB
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