1/9 In 2019 I checked out Craig Wrights claim that in 2008 he had installed a fibre link between his rural property (ranch) in Bagnoo/Byabarra to the local exchange.

This claim was proven false
A few days ago I revisited this claim and dug much deeper - the story is still false

1/

So what actually moves the prices of cryptocurrencies? We spent over a month parsing through data to answer that question for you 👀👀

Special thanks to @eToroUS for partnering with us on this research

A thread:

2/

Leveraging The TIE’s Crypto SigDev™ feed we set out to identify whether news moved the crypto market and what, if any, impact sentiment had following key announcements.

SigDevs are news on token updates or major events (like M&A and Listings).

3/

Looking at ​maximum price increases within 24 hours after different SigDev announcements, we see that certain announcements tend to procure more responses than others. These are ordered from left to right in order of increasing average positive effect on price.

4/

These initial results are intuitive: one would expect 51% attacks — a negative assault on a blockchain — to not typically have a positive effect on price, while getting listed on a new exchange (“L​isting​”) increases demand for a cryptocurrency and thus should increase value

5/

Although Listings and Partnerships have an immediate large influence on price, it does not mean the increase is sustained.

We looked at how sustainable each SigDev was. Specifically, the max price 24 hours after each SigDev compared to the following week's average price

1) #Bitcoin $ETH #Defi THE ART OF Contrary Thinking by
HUMPHREY B. NEILL

It Pays To Be Contrary

"What is the Theory of Contrary opinion?"

Primarily, it is a method of ruminating over a broad range of public questions; political, economic, and social.

2) In sum, the purpose is to contest the popular view, because popular opinions are so frequently found to be untimely, misled (by propaganda), or plainly wrong.

3) When everyone thinks alike, "everyone" is likely to be
wrong When writers write alike, readers are prone to
think alike Too many predictions spoil the forecasts;
or, to put it another way, the weight of predictions causes
their own downfall.

4) Caution: The contrary theory is a way of thinking, but
let's not overweigh it. It is more of an antidote to general
forecasting than a system or forecasting.

5) Human traits that make the theory of contrary opinion
workable, include:
Habit
Emotion
Irritability
Custom
Greed
Pride-of-Opinion
Imitation
Hope
Wishful Thinking
Contagion
Impulsiveness
Fear

1/22 Why XRP will beat Bitcoin.

(Video version @ https://t.co/VIHEoHLYpN)

A thread. 👇

2/22 Despite last night's major Bitcoin correction, it still sits at $33k, well above the last bull run's all time high. With XRP currently at $0.28, it may seem rather ridiculous to think XRP will ever become #1.

3/22 However, it's important to compare Bitcoin and XRP not in terms of price, but market cap. That's because there are 100 billion XRP (and will never be more) and 19 million circulating Bitcoin (21 million max). So comparing the price of individual tokens doesn't work.

4/22 XRP's market cap is $12.6 billion. Bitcoin's is $623 (roughly 50x more, 55x if you factor in the 2 million Bitcoin not yet mined). That's a huge lead, but not as big as the 119,000x lead if you compare token price!

5/22 Bitcoin's primary advantage is its early adoption. It caught on earlier and became the front runner of crypto. Don't underestimate the power of being first. It gives a massive advantage. But it doesn't GUARANTEE being the winner long-term.

TRIANGLE MASTERCLASS - a thread.

what's the simplest, most effective method of trading a market that trends as hard as cryptocurrencies?

trendlines.

one trendline on its own is strong, but when you put two together you quickly realize just how powerful this simple tool can be.

i've been using triangles for as long as i can remember.

it seems dumb, and almost counter-intuitive to approach such a complex game like trading with such a simple approach like shapes...but maybe when markets start acting stupid its okay to dumb down our approach.

look, not all triangles are the same.

anybody can draw some lines on a chart any way they'd like. sometimes, we let our bias affect our charts rather than the other way around.

i personally have done this more times than i can count.

you see...triangles (and analysis as a whole) is not necessarily intended to make trading easier as much as it is to make trading simple.

you want a fluid bias that can change easily, rather than one relying on 10 steps of conflicting confirmation before entering a new trade

trendlines enable us to maintain a fluid bias.

i mean, how much simpler can it be than "above this line bullish, below this line bearish" ? 😂

one trendline on its own can be enough to make a good trade, but when you put two together it can turn a good trade into a great one.