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Correlation: XNO price vs. Bitcoin fees; What's next for nano?I don't believe in charting to predict the future. Charts are about understanding past events - telling us a nice (hi)story through plotted data. According to this chart, the speculative demand for nano is correlated with bitcoin fees. Suggesting users migrate to XNO 's efficiency under high-fee environments. Will that continue to happen in the future? Nobody knows. Can other factors have influenced this observed correlation? Probably, yes. But people who want to use peer-to-peer decentralized money will probably look for competitive alternatives if they can't use BTC in its current (or future) state. Nano, and a few other competitors will always be there for these people. I personally know many who are already doing this. I did it myself a few years ago, and I have no regrets, despite the price action. I'm a user first, and I use cryptocurrencies daily - but I see no point in using Bitcoin because it doesn't meet my current demand for P2P self-sovereign currencies. It is as simple as that. Source: XNOUSD vs. BTC_FEEUSD * Nano is an open-source protocol, with its development led by a full-volunteering team, and run by a decentralized network. Nano is also a cryptocurrency with absolute zero fees and instant settlement (achieving finality in ~500ms). The cryptocurrency XNO also has no inflation, as all units were already fully distributed for free between 2015-2017 for anyone with access to a simple computer + internet.
CRYPTO:XNONUSDLong
by vinibarbosa
2
HOW TO GET FREE BONUSES FROM EXCHANGESHello everyone. Today we’re gonna tell you a little bit about free bonuses exchanges are offering for their users. We know that with the increased competition for users, exchanges are trying to attract users in various ways, including bonus programs. For new traders, these bonuses can be a great way to get started with trading without risking their own funds, save money on trading fees, and even earn rewards for referring friends to the platform. Let’s take a look at the most popular types of bonuses: Free cryptocurrency: Some exchanges may offer a small amount of cryptocurrency to new users upon registration or first deposit Reduced fees: Other exchanges can offer reduced trading fees for new users for a limited time. This can be a good way to save money on trading fees and to get familiar with the platform Referral bonuses: One more type of bonuses is referral bonuses to users who refer new customers to the platform. The new user may also receive a bonus for signing up through the referral link Other incentives: Of course there are other types of incentives, such as access to exclusive features, priority customer support, or other benefits There are many rewards programs for various types of actions. For example you’ll get tokens or vouchers for taking some kind of survey, for following exchange’s twitter, discord and so on. Also we have to mention bug bounty programs - finding bugs on a website or terminal or on other exchange’s resources BUT… What are the disadvantages of receiving free bonuses? In some cases, the conditions for receiving, using and withdrawing the bonuses are too complicated and not worth the effort. Sometimes we get a bonus that we can spend only on a certain token, not to divide it into several coins. And last is that occasionally to get some bonuses it’s necessary to trade a certain volume These disadvantages might scare off some newbies but nowadays many exchanges make the user’s way of receiving bonuses more like a game to involve the user in the process and not to scare him off. There are different platforms which give users the opportunity to receive bonuses in game form. (e.g. Crew3) On these platforms there are various market players: exchanges, crypto-projects, nft-projects, which offer users to complete various tasks for a reward. How is it better than our usual ways of getting bonuses? Because on such platforms we pass different levels, get special statuses, earn experience, and see our progress. Just like in p2e-format projects. In conclusion, the market has many different options for obtaining bonuses from simple to complex, from the typical to the unusual in its mechanics. In the current period players on the market are trying to think up more interesting methods of bonus obtaining, they try to offer bonuses which will be relevant for users, not the ones for which you won't press a button and this competition leads us to the improvement of interaction between the product and the user. Thanks for reading! Share with us your opinion about bonuses in the comments below.
CRYPTOCAP:BTC
by Samura0x
5
Ordinals on Bitcoin - A Cybersecurity Necessity or Just Hype?With the Launch of NFTs on the Bitcoin chain by Ordinals last month, the community is divided on what this means for Bitcoin as a chain and its future. NFT's have been a mainstay on several blockchains for years now, but until now their prevalence on the Bitcoin chain was understated. With the launch of the project Ordinal Protocol, that's changing. What is Ordinal Protocol Ordinal Protocol, created by Bitcoin Core contributor Casey Rodarmor, enables users to explore, transfer, and receive individual satoshis (1 millionth of a BTC), which can include unique inscribed data such as videos and images. Inscriptions make it possible to put content in a Bitcoin transaction and assign it to a satoshi. Once mined, the inscription is made on the first satoshi of the first output of the transactions, marking that satoshi permanently with the inscribed data. This process stays entirely on the main Bitcoin blockchain and does not require a sidechain or additional tokens. The protocol is enabled by Taproot - a BTC soft-fork upgrade that was activated in 2021 and brought enhanced security and smart contracts to the network. In addition to inscribing data into a single satoshi transaction, Ordinal also allows people to assign a unique serial number to each satoshi. This means that the first satoshi's in the output of notable transactions can have value for collectors even without an inscription within them. For instance, the first satoshi of the genesis block, or the first satoshi after each halving could become collectible due to their historical significance. In a way, this compromises the fungibility of Bitcoin but in reality a parallel could be drawn between these non-fungible Bitcoin's and bank notes or coins that people collect. They do not affect the fungibility of all Bitcoin, and regular users can continue to use them normally as well. Ordinal Inscriptions are, in many ways, superior to the NFTs that most people are familiar with. Ordinals are digital artifacts which means they are decentralized, on-chain, immutable, and unrestricted. Many popular NFT projects don't actually meet these requirements as they are often stored off-chain, controlled by centralized minters, and often on very centralized blockchains. Even with its novel and Bitcoin native approach, the project remains controversial among the community. Detractors Many prominent Bitcoin developers, including Adam Back, were quite opposed to the idea of Ordinals on Bitcoin, claiming that it was a waste of block space. This also led to a discussion over whether miners should censor these resource intensive and "useless" transactions. NFTs take up valuable block space on the network that will raise the cost per transaction for all users. Full nodes need to download the inscribed data when they receive confirmed blocks. With JPEGs and Videos, these blocks can be far larger than conventional transaction blocks requiring node operators to dedicate more resources. Proponents Blockspace in Bitcoin is assigned using a free-market auction. This allows Bitcoin to be fair, open, and accessible to everyone. As such, the free-market should be left to dictate how blockspace is assigned instead of a perceived "utility". With Bitcoin's tokenomics, most miner revenue currently comes from block rewards instead of fees. Although this is not currently a concern, as the block reward continues to become smaller, the security model of Bitcoin comes under threat. A Bitcoin native application like Ordinal provides an additional use-case for Bitcoin, which is mainly used as a transaction protocol for exchanging value right now. By filling up unused block space, Ordinal transactions incentivize users to pay higher-than-minimum fees to make sure their transaction is included faster which will drive organic revenue towards miners. Although, Ordinal protocol transactions provide a potential path to addressing a long-term security concern for the Bitcoin network, it also disincentives normal users of the network in the short-term. Overall, Ordinal transactions have led to a spike in BTC network activity as well as fees. Still, as with most NFT projects, there is a high chance that the hype surrounding the project ends up fading away and Ordinal related transactions drop off again. However, the project has prompted an interesting discussion about the long term security and utility of the Bitcoin Blockchain. Regardless of whether Ordinals end up being a fad or a mainstay on the network, they've illustrated that blockspace and fees will be dictated by the free-market. We could soon see more similar projects now that Taproot allows smart contracts to be executed on Bitcoin. What are your opinions on Ordinals, NFT's, and the long term security model of Bitcoin?
Editors' picks
B
by mintdotfinance
5
Beating the rake - Know your trading feesLet’s talk about trading fees. This is an area that most people who trade don’t put enough thought into, but it can make a huge difference to your bottom line. This is especially the case when dealing with percentage based commissions in combination with leverage. Many people, especially those who mainly trade crypto, will be using services that charge percentage based commissions, with fees that can be as high as 0.5% ! But even if you’re trading at one of the more trader-friendly exchanges you’re likely to be paying in the region of 0.1% taker fees for spot trading and 0.04 - 0.06 % taker fees on futures. That sounds pretty cheap, right? 0.06% fee on a trade sounds almost negligible, which is why most casual traders don’t pay too much attention to it. Firstly though, you need to remember that this is the fee for both buying and selling, so for a round trip (buy and sell, assuming taker fee of 0.06% for each) you’re paying 0.12% Suddenly that starts to look a bit more significant, especially for short term intraday traders and scalpers. Let’s take a quick example. Let’s say you’re an intraday trader paying 0.06% taker fees on futures, and your typical Risk/Reward is aiming for a 1% gain and a 0.5% loss for an R of 2. The breakeven rate with an R of 2 is a 33.33% win rate, which is why many traders aim to trade this way. If they can achieve a win rate in the region of 50% they can be highly successful. But then we take your trading fees into account. That 1% average win becomes 0.88 % after your 0.12% round trip of taker fees. And your 0.5% average loss becomes 0.62 % after your round trip to fee-town. So now with an average win of 0.88% and average loss of 0.62% your R is down to 1.42! That means your breakeven win rate has changed from 33.33% to 41.33%! What if you’re aiming to catch even smaller percentage moves? If you were aiming for 0.5% average wins and 0.25% average losses for Risk/Reward of 2, but without considering fees, you might be in for a nasty surprise. Your average win would now be 0.38% and your average loss would be 0.37% after accounting for 0.12% round trip fees on all trades. The 2 R you were aiming for to require a 33.33% win rate actually becomes 1.02 R, requiring a 49.33% win rate to break even! And as a last example, let’s say you take a different approach. Perhaps you’re the type of trader aiming to take equal sized wins and losses but aiming for a 60 - 70% win rate to make your money. At 1% average win and loss (1 R), your wins become 0.88% and your losses become 1.12% after fees. Instead of a 50% break even rate you now require a 56% win rate just to break even! And if you aim for 0.5% average win and loss (1 R) your average wins become 0.38% and your losses become 0.62% after fees, requiring a 62% win rate to break even! Can you overcome those odds? The key takeaway here is that factoring trading fees into your trading plan is absolutely vital to understanding your risk/reward. The smaller the trading fees are as a percentage of your average trade, the less impactful the fees will be on your bottom line. To keep your trading fees small as a percentage of your average wins and losses, the simplest way is obviously to trade for larger average wins and losses, taking a swing trading approach with smaller position sizing. Alternatively, most exchanges/brokers will offer cheaper trading fees for “makers” using limit orders, as opposed to “takers” using market prices. This discount for maker fees will usually slash your fees by 50% - 80%. Many will also offer additional discounts for using a specific token for paying fees (e.g. BNB or KCS) or various discounts for VIP levels/tiers. Do not underestimate the value of these discounts, they can have a very substantial impact on your bottom line, especially if you are a short term intraday trader or scalper. Just a 50% saving on fees could be enough to turn a short term trader from a breakeven trader to a winning one.
BINANCE:BTCUSD.PEducation
by HayeTrading
1
xDai STAKE - Brighter Days Ahead ? xDai STAKE releasing omni could be a catalyst as more pairings are added, in which more on and off ramps are available to the xDai ecosystem. Moreover, as ETH congestion and high gas fees remain within ETH ecosystem, projects like xDai STAKE become more relevant as scalable solutions. Therefore, xDai STAKE does warrants some bullishness sentiment, and I can see a potential long-term setup in play, as xDai STAKE continues to accomplish the promises on their roadmap.
SLong
by AB_Trading-Intelligence
Big Gap Fill, Anything under $2, Bullish, > $2.85 TargetRight now MVIS is one of those dips that still got me excited. News is going on that they may be possibly acquired for a value much larger than their current marketcap, and regardless the technology is pretty solid. I think the resistance shows it has been oversold, and right now the borrowing fees are astronomical. All this leads me to believe that this should spike soon, and that people who are bearish or selling at this point are likely making a decision that I don't see the data supporting. That being said, please proceed with caution. Everything I say is on an opinion based basis. Do your own due diligence.
NASDAQ:MVISLong
by gamer456148
3
why 11400 is a tough ResistanceNote I have not professional trader, do your OWN research ! key points - 11400 multi year resistance - BTC is printing "knife" drop one after the other, confirming temporarily rejection to move higher - SPX struggle at resistance - BTC correction not complete, see related idea - The previous run from 9000 to 11000 generated too much FOMO, remember to 1 rule "buy low sell high" and vice-versa - Most people are in profit, distribution, correction and accumulation necessary - The next dip may trigger a bigger bull run since people will take the opportunity. - BTC.D still high, there is probably still room for ALTS - Personally I think some major cap alts are more mature than on 2018 if this bitcoin halving fails they take bitcoin's dominance - Note that on small time frames 10800 has been holding as support Send me private message for more trading tips, saving on fees or setting up scripts on exchanges The exchanges have very different conditions, your trades may work well on one but not on another and best exchanges give much more flexibility and control.
COINBASE:BTCUSDShort
by muxie
2
playing Eliot Wave correction and possible 10800-11200 S/R That sound like a corrective Eliot Eave to me, that sounds bulish, please correct me if I am wrong Comments and links WELCOME 11200 have been tough resistence to break but btc still printing higher lows, lets see if 10800 holds Anyways the post halving season is now open since 10500 was broken so simply buy the dips --- by the way fell free to send me private message for hints on how to trade futures and save on fees and staking
FTX:BTCUSDLong
by muxie
Bot to do all the btc trades - 2x Pf. it's chart hereThis is chart for my strategy, it works well when there is movement but not went going in tight range, however has close stop loss and stays invested so then as bitcoin moves it usually gets profits. I wanted to find a strategy that I can keep running and don't loose money and doing a lot of trades, so I optimised it for 1 minute, It is for generating profit to my friend that collect a share of the fees, surely it is better than GPU mining ! I noted it works also very well on 1D time frame. Have done similar code for quantum zone ftx. Note the stops are in dollars of btc price, so this makes sense for bitcoin only. For source and parameter optimisation send me a private message.
FTX:BTCUSD
by muxie
Binance made all listing fees transparent!According to today’s blog post on official Binace page (medium.com), it was stated that as of today, Binance fees are made completely transparent and 100% of them will go to charity. So how this could affect the price of the Binance coin in the future? Well, transparency is something that gives confidence to the users, thus increasing Binance reputation. In august, Binance CEO Changpeng Zhao said: "Question is not 'how much does Binance charge to list?' but 'is my coin good enough?'" Let’s get back to the price action after the Binance official statement about the fees. Not much action in BTB/BTC price today as coin traded around btc 0.0016 under the low volume. In fact, since 14th of August, Binance coin has been ranging between btc 0.0015 support and 0.00170 resistance. But, what is interesting is that on the 2nd of October price broke above the 50 and 200 Moving Average simultaneously. This might indicate that further upside growth is to come shortly, and whether the btc 0.0017 resistance will be broken or not is yet to be seen. The RSI oscillator broke above the downtrend trendline and the upper trendline of the ascending channel, which also implies BNB/BTC bullish intentions. But on the downside, BNB is forming a Head and Shoulders pattern, although the neckline (btc 0.0015) is still holding. In order for the trend to turn bearish, daily break and close below the neckline is required. Therefore as the price remains above this support, uptrend continuation seems to be more probable. Support: 1. 0.00150 2. 0.00110 3. 0.00090 Resistance: 1. 0.00168 2. 0.00212 3. 0.00265
by CryptalDash
5
What are the forces that drive down the price of Bitcoin?Bitcoin lost ground and falls and falls… Here is a list of the reasons for the current pressure on the price of Bitcoin: • Plans of South Korea about banning cryptocurrencies in the future. • China ordered the exit of cryptocurrency mining and transaction verifying. This is due to heavy power consumption. • Currently, China hosts 80% of the computer capacity of the Bitcoin blockchain. Can this huge computer power be replaced fast enough? Or will Bitcoin come to temporarily halt? • Because of the newly implemented high transaction fees, will Bitcoin -2.87% -8.57% survive as a payment coin? • Currently, Bitcoin payment transactions are very slow and are no more applicable on checkouts of big retail stores. • Bitcoin can no more be used for micro-donations and micro-payments because of the high transaction fees. • Will a coin that can no more keep its promises remain the number one coin in the world? • Sheikh Shawki Allam, the Grand Mufti of Egypt, issued a formal fatwa on Monday January 8, 2018, stating that trading in the digital currency is “forbidden in Sharia”. • Since Bitcoin futures exist, there is more pressure on the price of the Bitcoin. • USA and Bulgaria are selling seized Bitcoins worth 3.5 billion USD. The pressure on the price of Bitcoin in combination with a shrinking community are causing the current problems of Bitcoin. It is uncertain if Bitcoin will ever recover from the actual massacre of its price. This crisis is because of the discovered fundamental weaknesses of Bitcoin. Unlike earlier price drops, this time it is not just a normal correction. Users are leaving Bitcoin. They prefer new, more efficient high performance coins. Technical analysis. The bearish scenario develops exactly in the way I have described it in previous ideas. As long as the price of Bitcoin remains below the level of 12230, the bearish scenario remains intact. Right now, the price of the Bitcoin is approaching the 9005 level of the low from December 17, 2017. On the chart, it is moving down inside the yellow channel. At the 9005 level, there will another showdown between Bulls and Bears happen. Who will win? The price of the Bitcoin, will it drop to 5568? Will the ongoing sell-off continue?
COINBASE:BTCUSDShort
by luckyhelper
8
Key reasons for another drop in the price of the Bitcoin.No transaction fees, enabling micro-payments and micro-donations is what made Bitcoin so popular. Bitcoin is an electronic crypto-currency not tied to any financial institution, which enables you to make international transactions outside of the banking system. Some big chain of stores are thinking about accepting Bitcoins on the checkout. These are the main reasons, why the price of the Bitcoin skyrocket. As the maximum number of coins is specified, the price of the Bitcoin has to rise the more people make use of it. However, during the last months, Bitcoin transactions became very slow and all of a sudden, high transaction fees have to be paid. It is obvious that the Bitcoin network cannot handle anymore the high workload. It is even questionable whether Bitcoin can hold as the number one coin if it fails just in these important characteristics. Additionally, 78% of the computer power of the Bitcoin network is located in China. China wants to ban Bitcoin mining and verifying because of the high consumption of electric energy. Depending on the speed of realizing that plan of banning mining, this can temporarily lead to an additional bottleneck in the Bitcoin network. It is foreseeable that more and more people will elude Bitcoin and turn towards other coins. Once the number of people using Bitcoin will erode, the price of the Bitcoin will collapse. There are enough alternative coins available with transaction speed increasing the more people make use of them. Just to name such coins Ripple, Dash, Tech coin (coming soon) and Futurocoin (coming soon). Cryptocurrencies have a bright future. However, it is very unclear if Bitcoin is one of them. There are enough key reasons for another drop in the price of the Bitcoin. Up or down? The decision will be made in these days. Technical analysis. The big picture are two triangles. The major, dark triangle lets us expect an outbreak to the upside at point 5. However, there is also a minor, light-grey triangle and the price of the Bitcoin did just outbreak on its downside at point v. It will test the downside of the major triangle again. Any price below the red line at 12787 will turn the overall scenario into bearish. Should the bearish scenario be confirmed, the price might drop as far as 5568.
COINBASE:BTCUSD
by luckyhelper