How does bitcoin work?
The idea behind BTC
Each BTC transaction in the main network passes through 7 stages:
Knowing the algorithm gives the understanding that:
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Mostly, investors lose in the crypto market because of poor analysis. People are afraid to make decisions to buy/sell assets, so they try to shift the responsibility to a channel, Influencer or Musk.
Today I will show you the basic rules for your own analysis of any unfamiliar token you are advised to buy
Situation:
You see that Binance is launching a HOOK token on the lunchpad. Suddenly, someone offers you in a PM to buy it on PancakeSwap cheaper and before listing. Very much want to buy, but how not to get on scam?
The first thing to do is to go to CMC (CoinMarketCap) and check this token there. If there is no trading there yet and it says ICO, the token is not traded anywhere yet, and you are being offered a SCAM!
The HOOK token page on CMC has a section with the project's twitter/discord. Go to Twitter and look at the announcements from the last week or two. If there is no information there about trading the token on Pancake or other airdrops - you are being offered a scam.
Also you can go to the site (you can find it on CMC as well) and read about the project, what problem it solves, what team and investors it has...
Let's say the channel offers to buy HOOK token before listing on Binance. In order for you to buy the token, the scammer will post the scam token contract under the guise of a real token and will spell out instructions on how to buy it on Pancake.
NEVER COPY TOKEN CONTRACTS FROM TG CHANNELS.
All official contracts are on CMC, Coingecko, DropsTab, Cryptorank + in whitepaper of each project.
The whitepaper is not as scary as everyone tells us. There are a lot of interesting things there. CMC has a link to each project's whitepaper. It's a good idea, a basic flip through the documents, at least to look at the tokenomics of the project (what the token is for, its functions) and what the project does.
The most common question in chat is "where can I buy X token?" To answer this question, just go to CMC - type in the token you are interested in - go to "Markets" section. There will be a list of all exchanges (CEX and DEX), where the token is traded.
Always ask yourself: do I want to earn now or not to lose? If you want to make money, act gradually and don't buy shitcoins with all your money!
I hope this information helps you save money, save the information or pass it on to a newbie friend
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When the market goes up or down a lot, greed and fear of missing out on profits overtakes us. But only the numbers will show a sobering picture. These 4 tools will tell you where to buy and where to sell
It's helpful to compare the ratio of short to long positions. Usually, if there is a strong bias in one direction, such as 20/80, the market will liquidate those that are outnumbered.
The most transparent data on the proportion of shorts and longs on the GMX exchange. These are the actual open positions. Right now the short/long ratio = 11/89. We can expect a temporary downward squeeze.
The market is several vessels that pour liquidity (money) between them. Conventionally, 3 types: stabelcoins, BTC and altcoins.
When the whole market is rising you can monitor the price and for fear of selling earlier than you planned. Or buy more expensive without waiting for a correction.
Download the CoinMarketCap app on your phone and create an account. Put notifications on key assets in your portfolio or shortlist. I set notifications for price changes of +/- 20% per day and for key levels to buy or sell.
Until the notification goes off don't open the chart. Price doesn't go up/drop from being looked at.
Some shitcoins don't have a chart and that's the problem. Where was the high? Was the price at the highs or at the bottom? Several sites that show charts for everything:
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HODL or Speculation? π€
Today let's break down 2 opposing strategies for profiting from the market.
π’ HODL
You choose an asset, such as ETH, and start buying regularly once a month/week/day. You don't pay attention to the price, the main thing is to buy regularly and for the same amount.
π Pros:
Analysts at JPMorgan calculated that over the past 20 years, the average investor's return has been 2.9% and has only outpaced inflation. While the SP500 was growing at 7.9% a year. Much more profitable to buy and forget.
π Cons:
- Discipline (forgot to buy)
- Emotions (scared to buy when things go down)
- Fear of news (Bitcoin scams, Ethereum gets regulated...)
This is why not everyone can stick with a DCA or HODL strategy.
π’ Speculation
Trying to buy cheaper and sell higher, hunting for the best entry and exit points.
Speculators use many strategies to measure the degree of mood in the market:
- Fear index/crowd mood: buy when it's bleeding, sell on euphoria.
- Technical analysis: buy under a 200-day MA.
- On-chain metrics.
- And even lunar phases ;)
π Pros:
You can preserve capital during market declines and outperform the market during gains.
π Cons:
The market is often prone to giving false signals, fakes, manipulation, etc. Emotions can trick you into selling during a depressed market. And this is the best entry point.
β
Truth in the middle
Instead of trying to only HODL or only speculate, create 2 portfolios:
1. Long term for 5-10 years with fundamental projects. For now it's BTC and ETH. Invest regularly, small amounts on a buy&forget basis. Sid-phrase just do not forget.
2. Portfolio for speculation on trends, altcoins and any ideas.
π There is no perfect strategy. Discipline, experience, persistence and luck is the Grail.
β¨ main :- @ALLGATHERING
Today let's break down 2 opposing strategies for profiting from the market.
You choose an asset, such as ETH, and start buying regularly once a month/week/day. You don't pay attention to the price, the main thing is to buy regularly and for the same amount.
Analysts at JPMorgan calculated that over the past 20 years, the average investor's return has been 2.9% and has only outpaced inflation. While the SP500 was growing at 7.9% a year. Much more profitable to buy and forget.
- Discipline (forgot to buy)
- Emotions (scared to buy when things go down)
- Fear of news (Bitcoin scams, Ethereum gets regulated...)
This is why not everyone can stick with a DCA or HODL strategy.
Trying to buy cheaper and sell higher, hunting for the best entry and exit points.
Speculators use many strategies to measure the degree of mood in the market:
- Fear index/crowd mood: buy when it's bleeding, sell on euphoria.
- Technical analysis: buy under a 200-day MA.
- On-chain metrics.
- And even lunar phases ;)
You can preserve capital during market declines and outperform the market during gains.
The market is often prone to giving false signals, fakes, manipulation, etc. Emotions can trick you into selling during a depressed market. And this is the best entry point.
Instead of trying to only HODL or only speculate, create 2 portfolios:
1. Long term for 5-10 years with fundamental projects. For now it's BTC and ETH. Invest regularly, small amounts on a buy&forget basis. Sid-phrase just do not forget.
2. Portfolio for speculation on trends, altcoins and any ideas.
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Tokenomics is the economics of tokens and their application in a project. By understanding tokenomics you can predict where the best entry and exit point will be.
There are 2 types of tokenomics: inflationary and deflationary:
Example: BNB is a deflationary token with limited supply. A total of 200 million BNBs are issued. Once a quarter, a portion of the tokens are burned. This decreases the BNB issue and the value of one coin becomes higher.
+ Increase in token value. If demand goes up and supply goes down, the price goes up.
+ Motivation to hold the token. Decreasing supply encourages holders to keep holding the token because the price will rise in the long run.
+ Stable economy. No one will print an infinite number of tokens by depreciating them.
- Reduced turnover. The higher the deflation - the more people tend to accumulate rather than spend. This hurts the economy of the project.
- There is no incentive to develop. Destroyed tokens could be distributed among the most active part of the community and stimulate various activities in the project.
Example: Dogecoin has an inflationary model. New coins are infinitely printed.
+ Incentives for project activity. For example, you can earn OP tokens for project activity on Optimism.
+ Rewards for early users.
+ Liquidity poaching. Projects can offer high % on staking through rewards in their tokens.
- Willingness to sell the token. High inflation can cause the token to be sold all the time.
- Impairment of the asset. Increased supply leads to a decrease in the value of a single coin.
As you can see both models have their advantages and disadvantages. In the long run, deflationary tokens will have more value. In the short term, during a project's HYIP, inflationary tokens will have more value.
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Today let's break down an interesting metric that often heralds the pumping of an ecosystem or individual token. This is Stablecoins Inflows.
The USD Inflows metric shows how many stabelcoins are transferred to a particular blockchain per day. Usually, stabelcoins are deposited to buy coins before growth
Example: In the first picture, we see that on January 8, a relatively large volume of stakes were added to the Canto blockchain. After that, the CANTO token began to grow. A similar situation happened with Arbitrum and Optimism.
Go to the website and see which blockchain has high growth of stables in the last week. We click on the blockchain and analyze whether they've been pumping in stabelcoins for a long time, or just started. We are interested in fresh liquidity.
This metric is not the secret grail. But it will help us better understand which blockchain has growth potential right now, and where liquidity is being withdrawn
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The U.S. SEC wants to ban staking. Let's refresh our knowledge of this process and think about what the regulator can and cannot ban
In POS cryptocurrencies, validators are responsible for verifying transactions and creating new blocks in the blockchain by placing their coins on the stack. These can be either the validator's own coins or funds received from other users.
For example, to create an Ethereum stack, a minimum of 32 ETH must be blocked. This amount may be too high or the user doesn't want to set up a node and check transactions, i.e. be a full-fledged validator. In that case, you can transfer your ETH to another validator, who will split the reward with you. And the transfer process itself can take place through an intermediary, such as a cryptocurrency exchange or DeFi service.
In this case, staking actually turns into a form of passive income, where you transfer cryptocurrency to a third party and get a percentage for it. It works just like a deposit in a bank
Based on this logic, the regulator could require all centralized crypto exchanges to stop providing staking services until such activities are legally regulated.
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The SEC essentially destroyed BUSD
Which stabelcoins are safe to keep money in?
Transparency: Secured by cash and short-term bonds (82%), secured loans (8%) and corporate bonds (5%).
Risks: Audited by companies NOT in the Big Four.
Transparency: Secured by U.S. short-term securities and cachet.
Risks: Under U.S. jurisdiction. Could repeat the fate of BUSD.
Transparency: You can print 100 DAI against a pledge of $150 in ETH. If the value of ETH falls below $100, the pledge is liquidated. In this way, a bind is maintained.
Risks: DAIs are basically backed by USDC. If something happens to USDC, it will affect DAI.
Transparency: The FRAX is collateralized by the USDC and the collateral ratio depends on the market price of the FRAX. If FRAX trades above the $1 peg, the protocol reduces the FRAX monetary collateralization ratio for USDC. If FRAX trades below $1, the protocol will increase the collateral ratio to prevent a Terra UST "death spiral" scenario.
Risks: It is unclear how Stablecoin will behave when scaled up.
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One of the indicators to determine the strength of the market is the reaction of tokens to the news. The weaker the reaction to the news, the weaker the market. And vice versa
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It is no secret that it is thanks to games that a large number of people come to the world of cryptocurrencies. Through quests, trading or other mechanisms, GameFi allows players to earn digital assets for their efforts in the game
Do you guys think P2E games will be able to replace existing web2 games, like CS:GO and Dota?
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If you're often looking for the cheapest way to withdraw crypto from an exchange - use Coinmarketfees
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Experience shows that scammers evolve along with the market. Newcomers continue to fall into the traps of scammers. And I don't stop telling you how to avoid being scammed in the crypto market, particularly in telegram.
Types of scams via telegram and social networks
A scammer buys a news/analytics channel with normal content. Then buys ads in the top channels and under the fresh audience publishes signals urging to buy token X before listing on the main exchanges.
Initially, the token is fake. The contract spells out a feature that prohibits selling the token. That's why the price goes up forever, the scammer gets richer, and the hamsters get poorer.
Telegram Ads are ads that pop up at the bottom of the channel. Only Telegram is responsible for these ads. Channel admins have no influence on the quality of these ads and get nothing out of it.
Sometimes scammers advertise their channels through Telegram Ads, showing their successful signals. And after a while, they skam subscribers through trust management (TMA) or skam tokens.
There have been many cases where discord or twitter of big projects have been hacked and posted phishing links to airdrop or mint NFT. Or scammers have created similar social networks and offered to get free tokens/NFT on the site right now.
After connecting to the site and signing the transaction, the scammer would gain access to your wallet. These are far from isolated cases.
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Many people know about nodes as they use them in various blockchains to earn rewards, but not everyone understands exactly how this kitchen works from the inside. Let's understand
A node's job is to monitor the validity of the information in the blockchain. To do this, they check transactions and blocks of data, and validate them. This helps secure the cryptocurrency network and prevent fraud
Nodes check the information in the blockchain against other network nodes to make sure that it is correct and integral. Each block in the blockchain contains information about all previous blocks. If one block is changed, it will cause a loss of consistency (consensus) in the blockchain.
Some projects reward those who put up nodes. Look for projects like this here. For example, Aptos gave away 300 APT ($3-$4k) each for filling out a form and installing a node. To run a node, you usually need to rent a server for $10-$200, depending on requirements.
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No -
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A selection of Ai services to help crypto guys
π€ Stable Diffusion: AI picture generator. You can set different number of parameters, choose number of images (up to 12 variations). A great thing about this service is that when you run out of free credits you just register a new account for a temporary email.
π€ Summarize.tech: a great service that will make you a summary of a Youtube video. You just paste in a link and you'll know what's being talked about in seconds
π€ Perplexity AI: a search engine that combines AI and Google. Great for searching and processing information.
π€ MidJourney: the AI image generator everyone knows about, better in quality than Stable Diffusion above but with a worse interface because it is a discord and also after the free credits you have to buy or create a new ds account.
π€ Synthesia: text to video generator. You give him the text (which again can be generated) and quite real AI character will read it out. A powerful thing, which will soon replace a lot of your work.
π€ ChatGPT: an obvious, yet very useful tool that allows you to write and translate articles on any subject. Many people know about it, but this list couldn't be complete without it.
π€ Slidesai: a service for creating presentations. Just give it the text that ChatGPT generated and it will give you a finished presentation. On the free plan, you can make 3 presentations a month. If you need more, just make a new account.
β
Let's supplement, especially for you, this list with some huge collections of Ai for almost any purpose:
π’ 600 Neuronics: can be a wand at work/study, just pick the industry we want.
π’ 750 neurons: good for content makers.
π Save and share this information with your friends
β¨ main :- @ALLGATHERING
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β
Catch information that will help you distinguish worthwhile projects from those on which you are 100% likely to lose money
Yes, it was interesting - π
No, I knew everything - π
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We prepared a list with different sites for real crypto! We tried to make this list as diverse as possible, so absolutely everyone will find something useful here, so feel free to share it with your friends!
(Be sure to keep it in your notes)
Here are services every self-respecting cryptan should have in his arsenal
The site provides information about all tokens, gives smart contract numbers, brief information about projects and a general summary of the capitalization of the whole market.
A mega-cool service that provides information on investments, funding, founders and CEOs, mergers and acquisitions, news and industry trends. A tip: find a fund we are interested in, look at its recent investments and based on them select projects for early activity.
A calendar of current crypto events. Users and can vote for the validity of the information, and officials confirm / deny it.
These aggregators will help in bep20 and erc20 networks to search and trade tokens which are not traded on exchanges. Extremely useful if you're trading shieldcoins that just came out.
Considering that many exchanges can block access to them, thanks to tradingview you can follow the rate of absolutely any coin, and look at the history of token since the start of listing on any of the exchanges. Also, it is a very handy service if you are a novice trader/investor.
Decentralized aggregator with general information about TVL in different networks and general information about projects providing farming/stacking opportunities. You can choose projects which already have a lot of liquidity + passed the audits. What will increase the safety of your funds.
Write
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γ €
Many of my subscribers are still "new to cryptocurrencies". And especially for you I prepared a post with basic rules of handling and storing your crypto.
We all know that when we create a wallet, we get a Seed-phrase that gives us access to the wallet on any device. But are we handling it correctly?
We can assume that most of you have the seed-phrase stored in your notes on your phone or computer. You should not do so, because your phones can also be attacked. And we're not just talking about hacking.
Your phone or laptop can be stolen, and if there is information about your crypto-purse inside, the loss can greatly exceed the value of the device itself.
In our opinion, the most correct way to keep a seed-phrase, even in spite of the digital age, is a piece of paper, which you leave in a safe or other secluded place. You can learn it, of course, but we wouldn't recommend being so sure of your memory.
An additional safeguard against hacking and stealing funds from your wallet can be the use of so-called "cold" wallets, which are not online and are offline until you need them. They are ideal for storing your tokens. You can always plug in the wallet and make the transactions you need, and the rest of the time your tokens will be safe.
I would recommend choosing between Ledger and Trezor.
Buy cold wallets only from official manufacturer sites. Marketplaces, online stores (even large ones), classifieds sites, and even more so used devices can pose a risk to your funds.
Let us mention that you should not keep large amounts of their funds in the centralized exchanges. At any time the exchange can be subject to hacking, or any failure, or the exchange can impose restrictions on your account, thereby blocking your funds.
Keep on exchanges only necessary minimum for trade/exchange, and use only trustworthy and large exchanges.
The major exchanges are Binance, Huobi, ByBit, Gate.
We all use stabelcoins until we decide to invest somewhere else. Our main advice is don't keep all your money in one type of stabelcoin.
Split the amount among several stabbles, thus diversifying the risks (even though the risks are minimal, but we all remember the UST case.).
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β
On the first part of the safety guide you put a lot of reactions. I heard you and prepared the second part.
When you fill out forms to get into Whitelist, or even just following the project, you join official Telegram and Discord groups (other social networks are also possible) and then suddenly you get a personal message that "you won" or "you were selected" or shortly before the token is put on the market, you may receive a message with a token contract.
100% it will be scammers. They monitor users who joined groups and start sending personal messages.
βIn Telegram, we recommend banning them from adding you to groups.
βDiscord has a feature to prohibit private messages.
Don't be afraid to close and delete private messages from unknown contacts, because administrators of the projects you follow will never write to you first.
Sometimes you may get a message about a prize or some other information from the project to your email.
The first thing you should do is to check the sender of the message. In 99% of cases they will say through their official media that they send out a mail to the users and they will say which e-mail it should come from.
Also we want to warn you against downloading any files from e-mails of unknown senders, even text ones, as it can cause installation of malware.
Phishing sites are quite common.
These are copies of project sites, games or entire exchanges, by connecting to them or by signing a contract you can lose your funds. Don't be a "fish".
When you got in the whitelist of any project (or not), you may want to sell your purse or buy another one. To do this, we all use a kind of "markets" - OTC. But, as in any market, here too we will be expected by amateurs of profit. Guarantor can be in collusion with the seller, or the seller can write off your money from the purse purchased. There are many other situations that can arise and bring you a loss. I recommend using only verified OTC and always refer to guarantors and check if the guarantor mentioned in OTC matches with the person you are dealing with.
If you try to combine all of the above in one sentence in this section - check the sources of information very carefully. This will help you save your money.
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No -
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