ArgentinaTrading_
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you have to take the liquidity from all those lows
šš PEPE COIN PRIMED FOR A MASSIVE BREAKOUT! šš
Please like and follow to support my blog.
PEPE has just printed a textbook triple bottom at key support, signaling the end of the downtrend and the start of something HUGE! šš„
š¹ Big accumulation at the bottomāwhales are loading up!
š¹ RSI screaming oversoldāperfect conditions for an explosive reversal!
š¹ Liquidity building upābreakout momentum is brewing!
The chart is setting up for a monster moveāthis could be the launchpad for the next leg up! Don't fade PEPE at these levels! ššø
Your thoughts?
#PEPE $PEPE
Please like and follow to support my blog.
PEPE has just printed a textbook triple bottom at key support, signaling the end of the downtrend and the start of something HUGE! šš„
š¹ Big accumulation at the bottomāwhales are loading up!
š¹ RSI screaming oversoldāperfect conditions for an explosive reversal!
š¹ Liquidity building upābreakout momentum is brewing!
The chart is setting up for a monster moveāthis could be the launchpad for the next leg up! Don't fade PEPE at these levels! ššø
Your thoughts?
#PEPE $PEPE
See original
time to put the house in rune š¤š¤
$RUNE is crashing. What is the consequence for Defi?š„š„
$RUNE
This idea focuses more on DeFi and Web3 as a whole rather than the specific case of RUNE.
What is happening to RUNE can happen to any other DeFi protocol, so itās crucial to analyze how these protocols work, identify the risks, and explore how to mitigate them.
### How DeFi Protocols Work
RUNE, like many other protocols, is powered by smart contracts. These are small programs that execute tasks like lending, swapping, and other DeFi functions automatically and without human intervention. Investors love these protocols for their decentralized nature and trustless execution, enabled by blockchain technology.
RUNE gained popularity because its decentralized protocol allowed its price to be tied to factors like its total value locked (TVL) and fee earnings. The more people staked, provided liquidity, or used its lending services, the more RUNEās price increased. For instance, we saw RUNE rise from $3 to $12 last year as people used the protocol to loan BTC and ETH during their price surges.
### The Mechanism Behind RUNE
DeFi protocols like RUNE rely on the token itself as collateral. For example:
- When users send BTC or ETH to the protocol, it automatically buys and sells RUNE, which drives its price up.
- Conversely, when users withdraw BTC or ETH, the protocol sells RUNE to repay those users, which puts downward pressure on its price.
This mechanism can create vulnerabilities, as weāve seen with RUNE.
### What Went Wrong?
While all altcoins were losing value, BTC outperformed to the point where the total value of BTC being staked and loaned on the protocol exceeded the total value of RUNE. In simple terms, if everyone requested their BTC and ETH back, the protocol would not have enough RUNE to sell and repay them. This is known as insolvency.
Last year, when authorities paused Rune Swap for a week to investigate criminal activity, RUNEās price plummeted from $2.2 to $1.3 as smart contracts automatically compensated for reduced earnings and people redeemed their staked assets, forcing the protocol to sell RUNE.
### The Catastrophic Validator Decision
This month, with the price of BTC surging, some inverstors decided to cash out from RUNE and that is when they realized that the price of RUNE was so underperforming BTC that the protocol might be insolvent. They createed a "bank run" and an avalanche of investors lost their trust and asked their coins back.
To prevent a complete collapse, validatorsāwho are essential for running the blockchaināused a private key to manually stop the protocol. This halted the smart contracts from continuing to sell RUNE. However, this move backfired.
Observers saw the protocol being manually interfered with, highlighting its insolvency and raising serious concerns. This decision led to even more fear, uncertainty, and doubt (FUD). It became clear that DeFiās lack of flexibility and inability to adapt to emergencies can create destructive outcomes.
### Broader Implications for DeFi Protocols
This exposes a significant vulnerability in all DeFi protocols. Many rely on their own coin as collateral, but if BTC continues to rise in value and users decide to withdraw their BTC, the protocols could face the same insolvency issue. In some cases, the amount required to repay users may exceed the protocolās total collateralāor even the market cap of the altcoin itself.
### The Potential Domino Effect
If platforms like Uniswap, PancakeSwap, Hyperliquid, and others fail to address this issue, we could see a domino effect:
- Investors may withdraw their funds from DeFi protocols, leading to a collapse of the entire DeFi ecosystem.
- Such an event would have dire consequences for the broader altcoin market.
### The Solution
If BTC continues its bull run alone, DeFi platforms may need to reconsider their reliance on BTC and stop lending/staking and swapping to BTC. Failure to adapt could render many protocols insolvent, triggering unprecedented FUD and potentially causing the crypto market to crash.
### Conclusion
The current situation with RUNE is a cautionary tale for the entire DeFi industry. Without proactive measures, the very mechanisms that make DeFi appealingādecentralization and automationācould become its greatest weaknesses.
This idea focuses more on DeFi and Web3 as a whole rather than the specific case of RUNE.
What is happening to RUNE can happen to any other DeFi protocol, so itās crucial to analyze how these protocols work, identify the risks, and explore how to mitigate them.
### How DeFi Protocols Work
RUNE, like many other protocols, is powered by smart contracts. These are small programs that execute tasks like lending, swapping, and other DeFi functions automatically and without human intervention. Investors love these protocols for their decentralized nature and trustless execution, enabled by blockchain technology.
RUNE gained popularity because its decentralized protocol allowed its price to be tied to factors like its total value locked (TVL) and fee earnings. The more people staked, provided liquidity, or used its lending services, the more RUNEās price increased. For instance, we saw RUNE rise from $3 to $12 last year as people used the protocol to loan BTC and ETH during their price surges.
### The Mechanism Behind RUNE
DeFi protocols like RUNE rely on the token itself as collateral. For example:
- When users send BTC or ETH to the protocol, it automatically buys and sells RUNE, which drives its price up.
- Conversely, when users withdraw BTC or ETH, the protocol sells RUNE to repay those users, which puts downward pressure on its price.
This mechanism can create vulnerabilities, as weāve seen with RUNE.
### What Went Wrong?
While all altcoins were losing value, BTC outperformed to the point where the total value of BTC being staked and loaned on the protocol exceeded the total value of RUNE. In simple terms, if everyone requested their BTC and ETH back, the protocol would not have enough RUNE to sell and repay them. This is known as insolvency.
Last year, when authorities paused Rune Swap for a week to investigate criminal activity, RUNEās price plummeted from $2.2 to $1.3 as smart contracts automatically compensated for reduced earnings and people redeemed their staked assets, forcing the protocol to sell RUNE.
### The Catastrophic Validator Decision
This month, with the price of BTC surging, some inverstors decided to cash out from RUNE and that is when they realized that the price of RUNE was so underperforming BTC that the protocol might be insolvent. They createed a "bank run" and an avalanche of investors lost their trust and asked their coins back.
To prevent a complete collapse, validatorsāwho are essential for running the blockchaināused a private key to manually stop the protocol. This halted the smart contracts from continuing to sell RUNE. However, this move backfired.
Observers saw the protocol being manually interfered with, highlighting its insolvency and raising serious concerns. This decision led to even more fear, uncertainty, and doubt (FUD). It became clear that DeFiās lack of flexibility and inability to adapt to emergencies can create destructive outcomes.
### Broader Implications for DeFi Protocols
This exposes a significant vulnerability in all DeFi protocols. Many rely on their own coin as collateral, but if BTC continues to rise in value and users decide to withdraw their BTC, the protocols could face the same insolvency issue. In some cases, the amount required to repay users may exceed the protocolās total collateralāor even the market cap of the altcoin itself.
### The Potential Domino Effect
If platforms like Uniswap, PancakeSwap, Hyperliquid, and others fail to address this issue, we could see a domino effect:
- Investors may withdraw their funds from DeFi protocols, leading to a collapse of the entire DeFi ecosystem.
- Such an event would have dire consequences for the broader altcoin market.
### The Solution
If BTC continues its bull run alone, DeFi platforms may need to reconsider their reliance on BTC and stop lending/staking and swapping to BTC. Failure to adapt could render many protocols insolvent, triggering unprecedented FUD and potentially causing the crypto market to crash.
### Conclusion
The current situation with RUNE is a cautionary tale for the entire DeFi industry. Without proactive measures, the very mechanisms that make DeFi appealingādecentralization and automationācould become its greatest weaknesses.
See original
two years? or three months ago š
who wouldn't want to go back to these prices from 2 years ago
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Bitcoin Daily Analysis: Late October Outlook
$BTC
In my technical analysis of Bitcoin, I see a bullish trend for the end of October. Currently, I see two key zones that could act as important supports: the $60,000 and $57,000 levels. From these zones, I expect a rally that will push the price upwards in the coming weeks.
It is crucial to keep a close eye on these levels as they could offer interesting opportunities for traders looking for bullish moves.
I will be updating this analysis as price developments develop.
In my technical analysis of Bitcoin, I see a bullish trend for the end of October. Currently, I see two key zones that could act as important supports: the $60,000 and $57,000 levels. From these zones, I expect a rally that will push the price upwards in the coming weeks.
It is crucial to keep a close eye on these levels as they could offer interesting opportunities for traders looking for bullish moves.
I will be updating this analysis as price developments develop.
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If the price of bitcoin fails to hold in this area, we could head to the 61,000 zone in the next few hours, sweeping away all previous liquidity. Will it be #toothemoon o to make a change in trend in 4 hours and go back to visit the 50,000 zone?
#BTCā #Bitcoināļø #Blockchain.
#BTCā #Bitcoināļø #Blockchain.
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NEO: The Blockchain Platform for the Smart Economy
<t-44/>#Neo is an open-source blockchain platform founded in 2014 that aims to create a smart economy by digitizing assets, digital identity, and smart contracts. Known for its focus on interoperability and regulatory compliance, NEO seeks to facilitate the tokenization of physical assets and the automation of processes through smart contracts.
Main Features
1. Digitization of Assets: NEO allows physical assets, such as properties and shares, to be tokenized and managed on its blockchain.
Main Features
1. Digitization of Assets: NEO allows physical assets, such as properties and shares, to be tokenized and managed on its blockchain.
See original
If the price of bitcoin fails to hold in this area, we could head to the 61,000 zone in the next few hours, sweeping away all previous liquidity. Will it be #toothemoon o to make a change in trend in 4 hours and go back to visit the 50,000 zone?
#BTCā #Bitcoināļø #Blockchain.
#BTCā #Bitcoināļø #Blockchain.
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š” **Fun fact about the crypto world: 20% of existing Bitcoin are lost forever!** š§
Can you imagine losing access to millions of dollars? Well, this is a reality for many Bitcoin users. It is estimated that **around 3.7 million BTC** (approximately 20% of the total supply) are permanently lost. š± The reason? Mainly, the forgetting of **private keys** and the loss or damage of devices where they were stored. This equates to more than **100 billion dollars** in BTC that can never circulate again! š®
This fact reminds us how crucial **security is in the crypto world**. Here there are no banks or institutions that can recover your money if you lose access. **The private key is the only thing that connects you to your funds**, and if you lose it, it's like throwing your fortune into a bottomless pit! š
A famous example is the case of a man in the UK who has been searching for his hard drive in a landfill since 2013 because it contained **7,500 BTC**. Today, that would be more than **200 million dollars**. šµ Imagine losing that amount just by not having a good backup system!
š¢ **Now it's your turn!** How do you protect your cryptocurrencies? Do you have a good security or backup strategy? š¬ **Comment below**, and share your experience! šš
And if you have questions about how to improve the security of your crypto assets, don't hesitate to ask! š¤
#Bitcoin#Blockchain#Cryptocurrencies#CryptoSecurity#FunFact#HODL #BewareOfYourKeys
Can you imagine losing access to millions of dollars? Well, this is a reality for many Bitcoin users. It is estimated that **around 3.7 million BTC** (approximately 20% of the total supply) are permanently lost. š± The reason? Mainly, the forgetting of **private keys** and the loss or damage of devices where they were stored. This equates to more than **100 billion dollars** in BTC that can never circulate again! š®
This fact reminds us how crucial **security is in the crypto world**. Here there are no banks or institutions that can recover your money if you lose access. **The private key is the only thing that connects you to your funds**, and if you lose it, it's like throwing your fortune into a bottomless pit! š
A famous example is the case of a man in the UK who has been searching for his hard drive in a landfill since 2013 because it contained **7,500 BTC**. Today, that would be more than **200 million dollars**. šµ Imagine losing that amount just by not having a good backup system!
š¢ **Now it's your turn!** How do you protect your cryptocurrencies? Do you have a good security or backup strategy? š¬ **Comment below**, and share your experience! šš
And if you have questions about how to improve the security of your crypto assets, don't hesitate to ask! š¤
#Bitcoin#Blockchain#Cryptocurrencies#CryptoSecurity#FunFact#HODL #BewareOfYourKeys
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