Spot has recently been seeing bigger returns than leverage on Binance. People are afraid to long a clear bottom with 10x leverage but are not afraid to long their ego with 100x leverage.
I am happy to have quit most of the copytrading portfolios over the past week. The absolute most of them are now bankrupt. I was asking myself what would happen to people who don't use a stoploss on the turn of tides. This is what happened. They are gone.
Due to the rising volatility and a recent liquidation of two of the copytraded portfolios, I have moved majority of my funds to spot. BTC top has been broken through and I do not expect any major retracement on medium to long term. Short term retracement is well possible. I am down 30% back to my initial investment in USD and 55% down from the top since I started copytrading.
I have a theory that the crypto game has evolved into pure VC and any other type of chains or projects will slowly fade into oblivion as more people focus where the profits are being laundered. That's the latest form of crypto for now.
Never trade against the trend. If you want , you can set low orders to catch extreme dips. But don't market buy against the trend ever. You will lose money.
People start accepting that we're not in a bull market anymore. Volume will start drying out within the coming months. However , we have not seen much halving action yet.
$XRP correction expected after a rapid upturn. The market making bot of Ripple has been pushing the price up in order to dump on customers at the highest possible price .
$ETH mining ended 2 years ago. It took 720 days to reflect in price. The larger the market, the more rigid it becomes. The same goes for $BTC after having.
part 5: Each account keeper accepts the highest bids (among those who actually broadcasted solutions) in terms of nominal cost per unit of b-money created and credits the bidders' accounts accordingly.
part 4: The protocol proposed in this article allows untraceable pseudonymous entities to cooperate with each other more efficiently, by providing them with a medium of exchange and a method of enforcing contracts. The protocol can probably be made more efficient and secure, but I hope this is a step toward making crypto-anarchy a practical as well as theoretical possibility. ------- Appendix A: alternative b-money creation One of the more problematic parts in the b-money protocol is money creation. This part of the protocol requires that all of the account keepers decide and agree on the cost of particular computations. Unfortunately because computing technology tends to advance rapidly and not always publicly, this information may be unavailable, inaccurate, or outdated, all of which would cause serious problems for the protocol. So I propose an alternative money creation subprotocol, in which account keepers (everyone in the first protocol, or the servers in the second protocol) instead decide and agree on the amount of b-money to be created each period, with the cost of creating that money determined by an auction. Each money creation period is divided up into four phases, as follows: 1. Planning. The account keepers compute and negotiate with each other to determine an optimal increase in the money supply for the next period. Whether or not the account keepers can reach a consensus, they each broadcast their money creation quota and any macroeconomic calculations done to support the figures. 2. Bidding. Anyone who wants to create b-money broadcasts a bid in the form of <x, y> where x is the amount of b-money he wants to create, and y is an unsolved problem from a predetermined problem class. Each problem in this class should have a nominal cost (in MIPS-years say) which is publicly agreed on. 3. Computation. After seeing the bids, the ones who placed bids in the bidding phase may now solve the problems in their bids and broadcast the solutions. 4. Money creation.