How much money does an average person need to save to achieve financial freedom? Is it feasible to just lie low and live on bank interest?
Many people hope to save a certain amount of principal and then use the money to make money in a safe and reliable way, thereby achieving financial freedom and living a comfortable life of early retirement.
However, the vast majority of people do not know how much money they need to save to achieve financial freedom, nor do they know how to manage their funds.
Next, I will tell you how to calculate your own financial freedom threshold, and how to manage your finances more safely and reliably and obtain better returns.
The so-called threshold of wealth freedom is the minimum deposit amount you must have, calculated based on your actual assets and consumption.
In the cryptocurrency market, “pin” is a common term that refers to the phenomenon where the price of a cryptocurrency rises or falls rapidly for a short period of time, and then quickly returns to normal levels. This article will take you to understand the causes of pins, their impact on the market, etc.
Cause of pin generation
There are many reasons for the "pin insertion" phenomenon, one of which is insufficient transaction depth, which may lead to the occurrence of pin insertion. In addition, the exchange mechanism may not be sound enough, which may also be the culprit of the pin insertion. Even sometimes, artificial price manipulation may lead to the occurrence of pin insertion.
In the crypto asset market, the stablecoin USDT issued by Tether plays an important role. It provides investors with a channel for funds to enter and exit the crypto market. Investors' attention and interest in the crypto market can often be reflected in changes in USDT demand. However, in the process of analyzing the changes in USDT demand, an important indicator stands out, and that is the "USDT OTC premium." So what is USDT OTC premium and what impact does it have on the market?
USDT OTC Premium Definition
In theory, the price of USDT should be equal to the price of the US dollar. But in reality, the price of USDT will always be higher or lower than the price of USD. This is the so-called premium.
Eight classic trading systems in the cryptocurrency world
Eight classic trading systems
1. Turtle Trading System
Core trading ideas:
Enter when the price breaks through the highest point of the 20 trading periods.
Exit when the price falls below the lowest point of 10 trading periods.
System one:
Entry: Short-term system based on 20-day breakthrough (price exceeds the highest or lowest price of the previous 20 days)
Exit: The 10-day lowest price for long positions and the 10-day highest price for short positions. If the price movement deviates from the position to a breakout on the 10th, all units in the position will be exited.
System 2:
Entry: A simpler long-term system based on a 50-day breakout (price exceeds the highest or lowest price of the previous 50 days)
Light assets, low cost, few personnel and many customers are the best business models
2. There are only these five sources of money
plunder, exchange, exploitation, monopoly, gift
3. Making money is anti-human. Making money means constantly disgusting yourself.
Control your attention, control your emotions, and don’t let anyone or anything interfere with your goals.
4. To make money, you must break the rules
Break the rules without breaking them to get results faster
5. Make good connections with people
The important thing is not to have a good relationship with the little people, but to have a good relationship with the big people who are helpful to you.
That is your relationship with anyone, depends on your strength and how much chips you have.
I used to worry about why my friends wouldn’t come to me if I didn’t take the initiative to look for them. After I looked for her a few times, I gradually understood that the bustling world is all about profit, and the bustling world is about profit. Benefit. If you have no value to others, why should others look for you?
After thinking about it, I no longer waste time and energy on maintaining so-called interpersonal relationships. Instead, focus on improving yourself:
1. Give up trying to please others
The quality of your relationship with others does not actually depend on how good you are to them, but on your strength and the chips in your hand. People are generally more tolerant of the strong, and even if the weak have done nothing wrong, You will also be treated harshly, and even if you just swallow your anger, you will often be seen as a cheap flattery.
The real reason why you are poor in the cryptocurrency world
The real reason why you are poor in the currency circle does not lie in the rise and fall of crypto prices, but in your class status.
If you have the ability to join the "ruling class" that accounts for 20%, no matter how the price fluctuates, it will be difficult to shake your decision. Even, after reaching a certain level of strength, you can even control the rise and fall of prices by "controlling the situation."
However, ordinary people who do not have sufficient abilities are often trapped in the 80% "ruled class". While they are being controlled or deceived, they are unwilling to do so. This is the result of reality! Remember, the "ruled class" is like livestock raised by the rulers, and is the only and most important source of blood pursued by greedy rentier groups.
On July 27, according to the terms of service document officially released by the NFT trading market ZORA, the reward plan in Article 5.6 is: Zora has the right to decide at its own discretion whether to provide certain incentives and rewards for users to use its services, which may include but is not limited to Conduct airdrops of crypto assets to the wallets used by users on the service.
In addition, the conditions for obtaining such rewards will be determined by Zora in its sole discretion. When participating in any reward program, users may be required to use an eligible wallet during the relevant reward distribution period to claim rewards. Zora reserves the right to change, modify, terminate or cancel any rewards program at any time at its sole discretion without prior notice to the User and without any liability.
As previously reported, Zora announced in May 2022 that it had completed US$50 million in financing at a valuation of US$600 million, with Haun Ventures leading the investment and Coinbase Ventures and others participating.
Airdrop usually refers to obtaining airdrop rewards from the project party or token issuer by participating in the project's community activities, completing tasks, or holding specific tokens. This involves some underlying logic. The following is the underlying logic of general airdrops:
1. Token distribution: The project party or token issuer distributes a certain number of tokens to qualified participants at a specific block height or time point.
2. Participation conditions: The conditions for participation in airdrops are usually holding specific tokens or being active in the project community and completing some tasks, such as sharing project content, promoting activities, etc.
Common indicators and analysis in the cryptocurrency world
In the currency circle, investors often use various technical indicators to analyze the price movements and market trends of digital currencies. The following are some commonly used indicators and their analysis:
1. Moving Averages (MA): By calculating the average price over a period of time and smoothing the price curve, it helps determine the direction of the trend and support/resistance levels.
2. Relative Strength Index (RSI): Used to measure market overbought and oversold conditions, usually in the range of 0-100. An RSI value above 70 may indicate overbought, and an RSI value below 30 may indicate oversold.
Common K-line patterns and analysis in the cryptocurrency world
In the currency circle, K-line is a chart used to display price trends, which contains four price points within a certain period: opening price (Open), highest price (High), lowest price (Low) and closing price (Close). . Different K-line patterns can provide some analysis clues to market trends. The following are some common K-line forms and their analysis:
1. Bullish Marubozu: The K-line entity is long, has no upper and lower shadow lines, and the closing price is higher than the opening price. This could mean strong buying in the market and rising bullish sentiment.
2. Bearish Marubozu: The K-line entity is long, has no upper and lower shadow lines, and the closing price is lower than the opening price. This could mean strong selling and rising bearish sentiment in the market.
Introduction and analysis of commonly used indicators in the cryptocurrency circle (Part 3)
1. MACD Exponential Smoothed Moving Average Convergence and Divergence
MACD (Moving Average Convergence and Divergence) is a general trend indicator. It consists of five parts: long-term moving average DEA, short-term DIF, red energy column (long), green energy column (short), and 0 axis (long-short dividing line). It can eliminate the frequent false signal defects of the moving average and ensure the maximum results of the moving average.
Application rules: 1. MACD is a long market when it is above the 0 limit, and vice versa is a short market.
2. DIF and DEA are both positive, and DIF breaks through DEA upward, which is a buy signal.
3. DIF and DEA are both negative, and DIF falls below DEA, which is a sell signal.
Introduction and analysis of commonly used indicators in the cryptocurrency circle (Part 2)
1. BBI Long and Short Index
BBI (Bull and Bear index) is a comprehensive indicator that is a weighted average of moving averages of different periods. It is a moving average indicator and generally uses 4 parameters such as 3, 6, 12, and 24. It is an improvement on the ordinary moving average MA indicator. It has the sensitivity of short-term moving averages and obvious mid-term trend characteristics.
Application rules: 1. If the price is above the BBI curve, it is considered a long market.
2. When the price is below the BBI curve, it is considered a short market.
3. When the closing price in the high price zone falls below the BBI curve, it is a sell signal.
Introduction and analysis of commonly used indicators in the cryptocurrency circle (Part 1)
1. MA moving average
MA (Moving Average) is an important reference indicator for measuring the main cost. It is used to observe price change trends and play a role in testing pressure and support. When used as a trend judgment, the longer the period, the more effective it is. On the other hand, it should be noted that when the moving average forms a long arrangement, the short-term moving average is used as the basis for holding positions.
Application Rules: Gurdjieff’s Eight Rules:
1. The average line gradually flattens from falling. When the price breaks through the average line from below, it is a buying signal.
2. The price continuously rises away from the average line, and the price suddenly drops, but does not fall below the rising average line. When the price rises again, you can add more buying.
The KDJ indicator is also called the stochastic indicator. Compared with other technical indicators, the KDJ stochastic indicator responds more sensitively and quickly, so it can identify short-term trends more promptly. It is a better technical indicator for analyzing and judging short- and medium-term trend bands.
Calculation method: Based on statistical principles, through the highest price, lowest price and closing price of the last calculation period that occurred in a specific period (usually 9 days, 9 weeks, etc.) and the proportional relationship between the three, To calculate the immature random value RSV of the last calculation period, and then calculate the K value, D value and J value according to the smooth moving average method, and draw a curve chart to judge the price trend.
RSI indicator, the relative strength index, uses the sum of rising prices and the sum of falling prices within a certain period (n days) as the calculation object, and is a technical curve produced based on the calculation results.
Generally speaking, the shorter the period of RSI, the higher the sensitivity; the longer the period, the more stable the trend, but the sensitivity is relatively reduced.
Classic usage of RSI
1. Overbought and oversold trading method
Oversold: A range below 20, suitable for buying
Overbought: A range above 80, suitable for selling
1. Bollinger Bands indicator, also known as BOLL indicator, is one of the most popular technical analysis tools in today's trading field.
2. Bollinger Bands consists of three lines, namely: upper track line, middle track line and lower track line.
The middle track is the 20-period simple moving average (MA20). The upper and lower bands are drawn on either side of the SMA line, with the distance between them determined by the standard deviation.
3. The upper and lower rails represent standard deviations, which means they reflect price fluctuations. When the trajectories contract and are close together, it signals a downturn in the market. Conversely, when the distance between bands widens, market volatility intensifies and price action increases.
As a trend indicator, MACD can determine the mid-term trend.
Basic usage
①Divergence method (most commonly used):
Tip: When the K-line trend is higher than the previous peak, but the MACD trend is lower than the previous peak, it is a top divergence; when the K-line trend is lower than the previous peak, but the MACD trend is higher than the previous peak, it is a bottom divergence.
Conclusion: Bottom divergence is bullish; top divergence is bearish.
②Golden Cross and Dead Cross method (trend method):
MACD Golden Cross: Bullish; MACD Dead Cross: Bearish
Note: MACD's golden cross and dead cross tend to look at a larger cycle, 4 hours is the best, daily line or 30 minutes are also acceptable.
StarkNet is an open Layer 2 solution developed by StarkWare Industries. It aims to provide an efficient, secure and scalable smart contract platform built on the Ethereum blockchain.
The main goal of StarkNet is to solve the scalability and performance challenges of Ethereum smart contracts. It utilizes zero-knowledge proof technology and state channels to achieve highly compressed transaction data and perform calculations off-chain, thereby reducing mainnet load. This enables StarkNet to handle complex smart contracts at scale without sacrificing decentralization and security.