Crypto Currencies Start Learning

[Floridian]

8 hours ago, NEPatriotsFan1 said:

The biggest issue with RTGS I see from a preliminary investigation is it is NOT Blockchain... IE it’s not Decentralized. It is just a faster version of Fiat.... so it doesn’t solve all the problems our financial world is having.
 

It is just lipstick on an old pig.
Eventually China, Iran, Russia etc aren’t going to play Swift’s game and so a faster version of swift is irrelevant for global cross border remittances and a decentralized asset would be necessary similar to a gold standard  

 

WOW!  I can't thank you enough, PatsFan, for all your research.  I was so upset, I couldn't even sleep last night.  I feel 1,000% better after reading what you wrote.

 

Thank you again.  

 

[NEPatriotsFan1]

20 minutes ago, Floridian said:

 

WOW!  I can't thank you enough, PatsFan, for all your research.  I was so upset, I couldn't even sleep last night.  I feel 1,000% better after reading what you wrote.

 

Thank you again.  

 

Hahaha me too! I didn’t sleep much (your fault) but I could probably use less beauty sleep.... it levels the playing field (see what I did there? 😉) 

 

Anyway this video made me laugh towards the end with the French guy Phillipe..... I love Crypto Eri. So classy and level headed... this vid will make you feel even better... you weren’t the only one in the xrp community that was rattled by that head line  

 

 

 

[Floridian]

29 minutes ago, NEPatriotsFan1 said:

Hahaha me too! I didn’t sleep much (your fault) but I could probably use less beauty sleep.... it levels the playing field (see what I did there? 😉) 

 

Anyway this video made me laugh towards the end with the French guy Phillipe..... I love Crypto Eri. So classy and level headed... this vid will make you feel even better... you weren’t the only one in the xrp community that was rattled by that head line  

 

 

 

 

 

Sorry I kept you up all night    😂  I was up too.  😂

But seriously, I can't thank you enough for all the research you've done in such a short time.

Thank you for Crypto Eri's video also.

I thought all was lost and you made me see it isn't that way at all.

I really can't thank you enough, PatsFan.  

 

 

[Pitcher]

Best Harware Wallets

 

https://m.youtube.com/watch?v=kK3tkCF1aTw

[Pitcher]

https://m.youtube.com/watch?v=YlvoJwRcKO4&t=113s

[Pitcher]

 

 

[coorslite21]

https://cointelegraph.com/news/price-analysis-9-4-btc-eth-xrp-link-bch-dot-ltc-cro-bnb-bsv

[Pitcher]

Thanks CL.

 

“ Bears are in control”.  

“If the XRP/USD pair turns down from this level and breaks below $0.235688, a deeper correction to $0.19 is possible”.

 

From a pure TA viewpoint that statement is spot on imo.   Not worried, I’m ready to add some more. 

[NEPatriotsFan1]

11 hours ago, Pitcher said:

Thanks CL.

 

“ Bears are in control”.  

“If the XRP/USD pair turns down from this level and breaks below $0.235688, a deeper correction to $0.19 is possible”.

 

From a pure TA viewpoint that statement is spot on imo.   Not worried, I’m ready to add some more. 

Not worried either, long term hold... you have to know what you hold. a piece of the Internet of Value

[JGN]

Thank you CL, NEP and Pitcher for the the great insight and work you provide. It greatly helps people like me who have the interest but lack time to fully digest the this digital monetary transformation the we are entering. I believe XRP go paribolic once regulations and utility are implemented. Until then, we accumulate. Thanks again for entry points

[umbertino]

 

 

You're ALL fantastic researchers.... I had no doubts...

 

Bravi ( plural of bravo, which is singular) !!!

 

Thank you

[Pitcher]

General info which might be useful to a person getting started.

 

 

[Pitcher]

FOMO, FUD, HODL, What do these terms and more mean.  The Crypto World has its own language and words.  Below is an article to help you understand what they mean. 
 

https://irishtechnews.ie/cryptocurrency-slang-what-does-hodl-fomo-btfd-or-fud-mean/

[umbertino]

 

 

Thanks Pitcher.....Great research work as usual

[Pitcher]

No problem Umbertino.  I didn’t know what a lot of the terms I was hearing meant but I do now, especially, BTFD.  

[boosterbglee]

I got this......FOMO - 4 more years!🇺🇸😂

[Pitcher]

 

 

 

The Chart above is a Daily of XRP.  As you can see we hit the green line (100 Simple Moving Average) and bounced nicely to a little over .24.  This now makes .2296 our support line and our hopefully the BOTTOM.  I DID NOY BUY YET BUT IF YOU ARE AGGRESSIVE BE MY GUEST!!!  Trying to pick a bottom is fools play.  I never need to be the first one in.  Yes I may miss some gain if the price continues rising but I just want to be right.  The indicators below are not buy signals yet from my years of trading. We are definitely bumping on the bottom but we could get a head fake and come back down lower than the current bottom.  I am going to be watching 2 things, BTC, and the NASDAQ/S&P.  If either of these 2 take another dump tomorrow (Tues) I suspect XRP will follow.  I’m thinking we get a little relief rally to the 20 SMA and then a retrace to our current support. If we bounce off it again ( a double bottom) I’ll probably buy some.  If we blow by that .2296 low then I’m looking for .15-.19  it may never happen but you have to be aware that we could drop more.  If we continue going up I’ll buy the 20 MA around .27. Good luck to all.  

 

One last thing, the RSI which is above the chart is at 37.  I usually look to buy when it over 45-50 and going up.

[Pitcher]

I got this......FOMO - 4 more years!🇺🇸😂   

 

Thats Funny, but I don’t think it will take that long.  Now is the time to decide if you will hold when it hits .55, 1.05, 2.05, 3.80, or hold until it hits 10k.  

 

All I can say is have a plan because it will happen very fast once we start going up.  I have planned buys up to a buck and after that I have planned sales all the way to over 5k.  If we never hit 5k then so be it.  I just don’t want to be another Greg. 😝 😆 

 

I’m

[Pitcher]

Crypto Volatility Is Misunderstood

In a week in which we are yet again reminded how sharply sentiment can shift in crypto asset markets, it seems appropriate to look at the role volatility plays in our narratives, our portfolios and our psyches. 

I also want to examine what volatility is not, as its specter takes on a disproportionate influence in times of turmoil.

This confusion is not unique to crypto markets – volatility is misunderstood across all asset groups. As with virtually all market metrics, however, it has particular nuances when applied to our industry. 

Setting the table

First, let’s review what we mean by volatility. Technically, it is the degree to which an asset price can swing in either direction. Generally, by “volatility” we mean realized volatility, which is derived from historical prices. This can be measured in several ways – at CoinDesk we take the annualized rolling 30-day standard deviation of daily natural log returns. 

Implied volatility represents market expectations of future volatility, as inferred from options prices. More on this later.

The volatility of an asset is an important part of its narrative, especially in crypto markets, which are associated with volatility in the minds of many investors. A survey of institutional investors, carried out earlier this year by Fidelity Digital Assets, singled out volatility as one of the main barriers to investment.

This is because many investors conflate volatility with risk. This is a fundamental investment error that says more about our psychological makeup than it does about our portfolio management insight. 

Look inward

We are, as a species, risk-averse, and have needed to be for survival. This extends to our vocabulary – higher risk also means the possibility of higher rewards, but you don’t hear anyone claim to be reward-averse. “Risk” will forever be associated with something bad, especially when it comes to investments. Investment advisors don’t warn about “upside risk.” 

Our aversion to risk when it comes to finance is understandable. Risk implies irredeemable loss, which can mean total ruin for some. Yet the degree of our aversion is generally not compensated by the actual possible loss, especially in mature markets where downside can be managed. In other words, our fear of risk may be prudent but it is usually not rational.

Conflating volatility with risk makes the former also something to be avoided, in the minds of most investors. Yet volatility is not the same as risk. Volatility is a metric, a number, a measurement. Risk is an ambiguous concept.

A high volatility implies that the price can experience a handsome rise. It also means that it can come down sharply, and that possibility of doing us harm is what leads us to conflate it with risk and instinctively avoid it.  

The fact that the CBOE Volatility Index (VIX), which measures the S&P 500 implied volatility, is also known as the “Fear Index” gives an idea of what a bad rap volatility has. 

Conflating the two concepts leads us to another potentially dangerous disconnect: If we equate volatility with risk, then we are implying that we can measure risk. We can’t. Risk is based on the unknown. Bad things can happen from any direction, at any time, at any speed, in an infinite array of forms and configurations. 

Volatility, on the other hand, is knowable. Implying that risk is knowable could lead us to underappreciate the potential damage.

Telling a story

Not only is volatility knowable; it can also tell us much about any given asset. 
Generally, the higher the volatility, the higher the return – but not always. When constructing a portfolio, the relative volatilities should be compared to the relative historical returns to evaluate whether the additional “risk” is worth it.



For instance, the 30-day volatilities of ether (ETH) and Litecoin (LTC) have been similar, while the returns over the same period have been notably different. (Note that historical performance does not guarantee future performance, and none of this is investment advice.)

Not only can we glean stories from recent (“realized”) volatility, we can also calculate investors’ expectations of volatility looking forward, through options prices. If this “implied” volatility is higher than realized volatility, that tells us that investors expect volatility to increase. The implied-realized differential has been positive in the past, but earlier this week it reached its widest point in over a year. That’s the market saying “buckle up.”

Source: skew.com

Crypto is different

Bitcoin (BTC) is the benchmark crypto asset, the oldest and the most liquid, and easily the one with the most developed derivatives market. Traditionally, the introduction of derivatives mitigates an asset’s volatility, as it adds liquidity and hedging opportunities. Not surprisingly, for this reason bitcoin’s volatility is among the lowest of the crypto assets.



What is surprising is that bitcoin’s volatility often moves in the same direction as the price. That is, when the price comes down, so usually does the volatility. 



The VIX, on the other hand, tends to move inversely to the S&P 500. The average 60-day correlation between the two for the month of August was -0.84, an almost perfect negative association. Using bitcoin’s 30-day realized volatility as a proxy for a bitcoin VIX, we get an average 60-day correlation for August of 0.45. A very different scenario.



Another peculiarity of crypto volatility is that crypto markets trade 24/7. Traditional markets don’t. So, measures of traditional asset volatilities are working off fewer data points than crypto assets. Theoretically, were stocks to trade on Saturdays and Sundays, we could have a wild swing up on one day followed by a wild swing down on the other, with the Friday-Monday measurement showing no volatility at all. These movements are captured in crypto asset volatility calculations.

In reality, this doesn’t seem to matter too much for the bitcoin narrative – the 30-day average volatility for BTC when you take weekend trading out of the equation is not that different from the full data set result. For August, for instance, the monthly average using daily standard deviations was 51.2%, while the monthly average using only S&P 500 trading days was 51.6%. 

So, volatility is higher in the crypto asset markets. It is also more measurable, in that there are a greater number of data points from which to glean information.

Bring it

And finally, the relatively high volatility of crypto markets is a barrier for some but a magnet for others. Many professional traders have entered the crypto market because of the volatility. They bring with them liquidity which reduces spreads and further pushes market maturation forward. And as one asset’s volatility starts to settle down, another younger, more restive asset is but a couple of clicks away. 

[Pitcher]

https://eng.ambcrypto.com/altseason-or-not-ethereum-chainlink-polkadot-may-be-here-to-stay/
 

Altseason or not, Ethereum, Chainlink & Polkadot are here to stay

By

 Jibin Mathew George 

September 6, 2020

Over the past few weeks, the hype around a supposed altseason seems to have died down. I mean, sure, DeFiis still what one would characterize a “booming space.” But, many of the market’s altcoins have fallen on the charts lately, especially since Bitcoin dipped under $11,000 a few days ago. Thus, the question arises – Is it too soon to say that the altseason has come to a grinding halt?

Of course, it is. After all, it is just a pullback and it’s not like the market’s alts have crashed and burned on the charts. Why then are people quick to suggest that an altseason is at its end? Well, it’s because, in the eyes of the many, the cryptocurrency market is Bitcoin’s market and vice-versa.

Think about it – Whenever Bitcoin falls on the charts and registers a pullback of its own (As was the case recently), do you see many claiming that Bitcoin is done for? No. Instead, what you see is people going on about “healthy” corrections and all. Language such as this just feeds into the notion that Bitcoin is supreme and altcoins can be put on the shelf and out of sight.

Not quite dominant anymore?

However, that might be a notion that’s getting harder and harder to support. In fact, notwithstanding the recent market bloodbath, it would seem that the market’s altcoins have steadily chipped away at the world’s largest cryptocurrency’s dominance and position in the crypto-market. The same was highlighted by two reports recently released by the likes of CoinGecko and Binance.

Look no further than how Bitcoin’s market dominance has fallen on the charts over the past few months. Back in July, the figure was as high as 66%. By the end of August, however, this was down to 61%, with the same dipping to just over 58%, at the time of writing. For an industry with a cumulative market cap of over $315 billion, that is a very sharp fall.

However, what’s more interesting is the fact that the resultant void left by Bitcoin has been rushed into and filled in by some of the crypto-market’s top altcoins – Ethereum, Chainlink, and Polkadot. Ethereum, for instance, was the biggest gainer over the time period highlighted above, with its market dominance climbing to almost 14%. Such a development has been contrary to previous instances where the vacant market share has been filled by a more distributed list of altcoins.

2020 – The year of the Disruptors?

And, it’s not just Ethereum. Cryptos like Chainlink, Polkadot, and Crypto.com Coin have acted as 2020’s disruptors, with their emergence reshuffling the traditional cryptocurrency ladder as we know it. LINK, DOT, and CRO aren’t the first alts to surge incredibly to great fanfare and value, and they won’t be the last either.

However, what these cryptos have done is sustain a position in the top-10, much to the chagrin of established cryptos like BNB, TRX, ADA, and EOS. And that’s not all since like Ethereum, they’ve also bitten into the market share Bitcoin traditionally held.

The same can be deduced from Binance’s August Trading report which found that not only did BinanceFutures rise by 79% month-on-month to $195 billion, its highest monthly volume since inception, but the same was driven by the popularity of its Altcoin Futures offerings.

Source: Binance

In fact, as the exchange found, while Bitcoin’s market volume dominance fell, the same for altcoins rose from an astonishing 38% to 68% in August alone. What does this imply? Well, it suggests that altcoins continue to be very popular and that users are embracing “Binance’s expanding product range of Futures contracts that provide enhanced diversification and better hedging options.”

Source: Binance

Not quite 2017

Speaking of dominance, a cursory glance at Bitcoin’s price charts would reveal that the world’s largest cryptocurrency’s market dominance ranged between 35% and 50% during the height of the bull-run between December 2017 and January 2018. A year before that, BTC’s dominance was as high as 95%. Ergo, it can be concluded that the market’s last and only bull run was preceded by the world’s largest cryptocurrency’s market dominance falling sharply.

As has been established, so is the case at the time of writing. This is the reason why many have come to believe that the present market is mirroring 2017’s bull run. However, such an assumption discounts the fact that this isn’t the same market anymore. The crypto-market has evolved over the past few years and it has matured, an observation best backed by the fact that “Do Your Own Research” isn’t just a maxim anymore, it’s a real thing.

Finally, contrary to the case back in 2017, as Arca’s Jeff Dornan wrote in his recent newsletter, more and more tokens with real economic value are coming to the fore now, and these emerging altcoins, these “disruptors,” are simply a few of them.

This, and the fact that the industry is full of third-party research firms like Messari that fuel a system of checks and balances only highlights the differences between September 2020 and December 2017’s market. By extension, this also means that the larger market’s altcoins are here to stay.

[Pitcher]

https://eng.ambcrypto.com/is-chainlink-dealing-with-market-pressure-better-than-bitcoin/
 

Is Chainlink dealing with market pressure better than Bitcoin?

By

 Biraajmaan Tamuly 

September 7, 2020

 

Source: Pixabay

As is often the case in the digital asset market, an altcoin may perform extremely well over the course of a bull rally. In fact, it may even outperform Bitcoin, which is why in the eyes of many, such tokens might even look like the real thing. However, many of these would soon crumble under pressure whenever the market’s bears got a grip on the market.

Chainlink has been looking to change that narrative with its present-day price performance. Chainlinkdemonstrated its strength during its recent bullish rally. Now, against all odds, the crypto-asset seemed to be showing resilience amidst a bearish storm.

After the bloodbath between 2-3 September, most of the market’s cryptos hit a local bottom. While Bitcoin went briefly under $10,000, LINK dropped down to $9.22 as well. However, over the past couple of days, LINK has been exhibited an admirable intent to recover on the charts.

Source: Trading View

When comparing the price performances of Bitcoin and Chainlink, it can be identified that Bitcoin has been struggling to breach its 50-Moving Average to reduce the apparent selling pressure. In comparison, LINK has held a position above the 50-MA for the past 24-hours. Out of all the top altcoins, LINK is the only one above its 50-MA right now, with the crypto leading the charge to break the bearish deadlock on the market.

One of the major reasons for its reduced dependency on Bitcoin has been its minimal correlation. During the bull rally, many speculators suggested that the correlation would rise during a period of correction. However, LINKis presently defying the odds, using that same metric as an advantage to rally back on the charts.

In fact, Santiment’s latest analysis highlighted a similar sentiment as well. The analytics platform tweeted,

On-chain activity supports LINK’s incline 

Moving the spotlight away from the price, another important sign of the strength in LINK’s rally is its on-chain data.

Intotheblock’s data revealed that without noting a negative impact from the price drop, active addresses in LINK’s ecosystem registered an incline over the past week, a finding that points to the presence of credible trading volume.

Source: Intotheblock

New addresses haven’t seen much of a change, but the increase in active addresses is a real positive. Bear in mind, however, that it is still not as high as it was during LINK’s peak, but in the current bearish market, it is doing fairly well.

There is no doubt such metrics will further improve LINK’s credibility in the market. LINK may undergo further corrections as well, especially in light of the fact that this was the token’s first collapse since March 2020. Alas, from the way of things, it seems like it will not crumble like previous altcoin projects.

Did you like the article? 

Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

[Pitcher]

 

[Pitcher]

[NEPatriotsFan1]

4 minutes ago, Pitcher said:

I don’t believe you 😂🤣

[NEPatriotsFan1]

6 minutes ago, Pitcher said:

 

I watched this earlier today... it was a good one