BC CRYPTO
Saved by @CodyyyGardner

1/ [December Bitcoin yield update]

Over the last year and a half, I’ve earned ~1.2BTC with various yield generating services to earn an average of 5% on 30 BTC.

Here’s my journey and how to guide👇

 2/ Here are the ways you can earn yield:

Lending (Easiest/most popular)
Yield: 3-6%
- Ledn: https://t.co/4x0YATuQ0v
- BlockFi: https://t.co/90Xtg2cNka

Covered calls (Harder)
Yield: 1-80%
- Deribit: https://t.co/2iQVkXlylP
- LedgerX: https://t.co/hZ2pgMHYD1
3/ Earning a yield enables you to stack more sats (what I’m doing), or reduce the temptation to sell your coin through earning an income.

The yield you earn comes with RISK!

Below is my current allocation for Dec (will update MoM)

(yellow = changes)

https://t.co/PZwVYs8lFT
4a/ [Nov > Dec Changelog]

- Covered calls: approx. 4 BTC was in $40k 12/28/20 contracts. Those closed without them being exercised (a good outcome for me). However, I was nervous about my January 1/28 $50k contract so I decided to close out my position at a small loss.
4b/ [Nov > Dec Changelog]

- In process of reallocating the 5 BTC (probably will be a lending platform).
- I incorrectly had my Ledn rate at 6.5%, it's 6.25%
5/ When I first started, I had 10 BTC in BlockFi.

BlockFi is a lending/borrowing platform where you can lend your Bitcoin out for ~6% interest. Much of this borrow is going to the GBTC arb trade, shorting, or the futures “cash and carry trade.” (for all lending platforms)
6/ Risk assessment: When you lend your coins to Ledn, BlockFi, etc. you have to trust that they’ve evaluated counter party risk properly, which includes:

- Financials of borrower
- Collateral requirements (typically 30-110%)
- Trading strategy
7/ As everyone knows, March and December were insanely volatile months. Here’s how they operated through the volatility:

- Deposits and withdrawals all processed normally (1-2 business days)
- “zero losses in the lending book”
- All of the products had near 100% uptime
8/ Note: there may be no benefits to diversification as you do not know the counterparty overlap between lenders (ex: BlockFi and Genesis).
9/ Note: I am not a fan of lending/borrowing services that have a token. There is no reason why you need a token as it introduces regulatory and structural risk.

Case in point: Cred blew up earlier this year.

https://t.co/dBijOhgwIM
10/ There are other ways to earn interest through lending, which include lending coins to exchange margin pools:

- Bitfinex: https://t.co/ydrPHVQEr6

What is beneficial about this method is you understand your counterparty risk.
11/ Lending is by far the easiest way for a regular trader to earn yield and at size if you’ve got more coin (ex: call strategies suffer from poor liquidity).

Next I’ll dig into covered calls👇
12/ What are “covered calls?”

It’s an option trade which has the owner of the underlying asset (“covered”) sell their upside above a certain price (“strike”) in exchange for a payment (“premium”)

The more likely that event occurring, the higher the premium (very simplified)
13/ So how does that look with some real numbers? (Pulled 1/5 split spread)

2/26 $50k strike = $1,822 premium (68% annualized)
2/26 $100k strike = $223 premium (8.3% annualized)

Annualized is a bit of misnomer -you don’t know what the yield will be the next time you sell calls
14/ Historically I’ve been selling $40k/$50k strikes 2-3 months out an earning an average of 4-6%

Because of how intense Bitcoin's bull run has been, I'm not selling any new calls for the time being.
15/ With covered calls you only have exchange custody risk, which is some of the lowest risk you can have.

One advantage of covered calls is that if you sell a 1yr+ duration call AND it gets assigned (price > strike) then your premium is taxed as long term cap gains (in the US)
16/ You can also earn a yield through trust minimized services like CoinJoins and providing lightning channel liquidity.

CoinJoins:
Yield: ~0.5%

Get started: https://t.co/TQs5OvvB5s

Lightning Pool
Yield: TBD

Get started:
17/ Coinjoins allow for Bitcoiners to obfuscate their coin holdings through mixing them with other Bitcoiners. In order to create a market of individuals willing to mix, there are makers and takers. Makers post availability to mix, takers pay the makers for that convenience.
18/ Lightning Pool

Most simplistically, it is an order book for lightning liquidity (or a channel marketplace) done in a non-custodial manner (note: there is a coordinating server).
18/ Hope you enjoyed this thread! I fell down the yield rabbit hole and haven’t looked back :)

If you haven’t already, check out my Google sheet where I’ve got all of this information available to you to play around with.

https://t.co/PZwVYs8lFT

More from Dan Held

Dan Held
Dan Held
@danheld
1/ Bitcoin: a bold new world.

Satoshi published the white paper on 10/31/2008. Right at the moment of peak despair during the 2008 financial crisis. Trust had been lost in a world that ran on trust.

2/ But why October 31st? It certainly wasn’t because Satoshi was a fan of halloween, it must have had a deeper meaning. With all of his actions, he demonstrated a careful precision.

He had been working on Bitcoin for at least a year and a half before publishing the white paper.

3/ “I believe I've worked through all those little details over the last year and a half while coding it, and there were a lot of them. The functional details are not covered in the paper, but the sourcecode is coming soon” - Satoshi Nakamoto

4/ On August 18, 2008 Satoshi registers registers https://t.co/rMWwiEwtxT through https://t.co/Uj8lMr10kB.

Satoshi was ready and waiting to hit the send button throughout 2008. What was so special about October 31st?

5/ I believe that Satoshi published the Bitcoin white paper on 10/31 as a hat tip to the ancient Gaelic festival of “Samhain” which was also the date in which Martin Luther nailed his 95 Theses to a church door. Both represent an end of the old and the beginning of the new.
CRYPTO
Dan Held
Dan Held
@danheld
1/ The Price of Bitcoin

- Why price is entirely what matters
- How the price helps build Bitcoin

A thread👇

2/ Marketing viral loop

“A viral loop is a mechanism that drives continuous referrals for continuous growth.

It’s how you drive your existing customers to refer others to your brand, and in turn, get those new customers to tell even more people about you." - @ReferralRock

3/ Most of us heard about Bitcoin in 2013, 2017, when friends and family were talking about the rapid price increase. It’s through this viral loop that Bitcoin grows in adoption.

4/ The price is that signal to folks that Bitcoin is interesting, solves a problem, and that others are recognizing it as a new money. If Bitcoin’s price had stayed at $100 none of us would be here. While there is volatility, we keep seeing higher lows = long term trend upwards.

5/ Satoshi built a viral loop into Bitcoin.

“As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value.” - Satoshi
BITCOIN
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Dan Held
Dan Held
@danheld
1/ Why Silicon Valley Doesn't Get Bitcoin

Over the last 12 years of it’s existence, Bitcoin has been misunderstood by Silicon Valley which has led to many cringe worthy moments as they’ve endorsed silly ideas and even worse, scams.
BITCOIN
Dan Held
Dan Held
@danheld
1/ Satoshi’s Vision™ is a silly endeavor, as it doesn’t matter what it was, we are where we are now. However, those pushing the “Bitcoin was first made for payments” narrative insist on cherry-picking sentences from the white paper and forum posts to champion their perspective.

2/ The following tweetstorm is a categorical repudiation of this tired narrative. Bitcoin was purpose-built to first be a Store of Value (SoV), a thread:

3/ How do we determine Satoshi’s intention? We need to look at his ideology, description of functionality/architecture, timing, and audience. Let's start with how Satoshi describes the problem Bitcoin solves. In his first public comms after the whitepaper, in the first paragraph:

4/ “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi

5/ He later expands on that Libertarian thought in his other writings:

“[with Bitcoin] we can win a major battle in the arms race and gain a new territory of freedom for several years.” — Satoshi Nakamoto
BITCOIN
Dan Held
Dan Held
@danheld
1/ Fear and Bitcoin.

Whenever Bitcoin has a bull run, naysayers try to cope with missing the boat by rationalizing why it will fail through “Fear, Uncertainty, and Doubt” or what we Bitcoiners have nicknamed “FUD.”
CRYPTO , FUD

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Daniëlle Stotijn
@DDay35962863
NESARA / GESARA explained for all who are not aware.

"The End of Poverty, The End of Debt, The Beginning of a New Golden Age!"

No Poverty, No Hunger, No Debt, Only Global Prosperity and Peace for ALL

NESARA will merge with GESARA

N = National (US)
G = Global
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Simon DeDeo
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@SimonDeDeo
Someone tosses a coin ten times; it comes up heads every time. What's the probability it comes up heads on the next toss? (Pretty darn high—part of @nntaleb's work is unprogramming you from your high-school rules of thumb.) Now consider the (related) Gambler's fallacy...

In this case, it's a theory about compensation: the worse one's luck is, the more likely it is to see a reversal. On the surface, it's irrational. The more bad luck you have, the more you accumulate evidence that the system is rigged.

But there's also an anthropic component. If the luck is bad enough, it starts to become inconsistent with your survival. You've accumulated evidence for correlations in the environment, but these correlations (may be) inconsistent with (people like you) being in this environment.

An example. You're in a city where everyone takes public transport. You encounter a string of bad delays. It's reasonable to conclude they'll end—otherwise people wouldn't take public transport. It's unlikely that you happened to show up right when the network collapses.

Of course, that's a bad heuristic in a casino, which relies on a constant influx of losers. But in other environments, particularly with persistent populations and no evidence for sudden changes in the underlying laws, it makes sense.
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Emperor👑
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🚨Altcoin Trading Indicator🚨

How to use it. A THREAD.

Please Share.

To use it to buy Altcoins and make a high probability entry, the following conditions needs to be fulfilled.

For a long.
1. A green candle Closes above the cross.
2. Heikin Ashi candle turns green.
3. Price should be above 0.236 Fib from the swing high.


How to add the Indicator.

1. Click on the link and Add it to favorites and apply.
https://t.co/Kn90qgDjMi

2. Or Search it in the tab and then apply it.


The indicator itself the most comprehensive Moving Average Indicator which provides 9 MAs and 13 Different times of MAs.

The base of the indicator was by @insiliconot.

To further enhance it, I have added a cross indicator on the cross which works the best historically on Alts.


Condition 1- The cross.

Entry is made when a Cross occurs on the EMA 13/21.
The indicator automatically indicators the Cross with P for a positive cross or N for a negative cross.

This is the first condition for an Entry.
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Altcoin Sherpa
Altcoin Sherpa
@AltcoinSherpa
Quick Thread on #Altcoins/ #Altseason

Step 1: $BTC has a huge correction. Every range starts with either a pump (or dump) and then follows with a dump (or pump). In this case, #Bitcoin pumped and is now pulling back. This is


Step 2: $BTC ranges big once it finds a bottom. This will allow it to reaccumulate for a big summer run in 2021. This is HEALTHY IMO.


Step 3: Once $BTC finds a bottom and starts to grind up again, I expect $ALTS to do very very well in both alt/usd and alt/btc pairs. ALTSZN is almost always characterized by strong alt/btc pairs moving- I've already accumulated most and have done my final buying today and more.

$BTC.D typically has a very nice time during this time of the year. I was off on December prediction bc I thought $BTC was going to pull back by then but oh well! #Altcoins will start their pumping time VERY soon now.


More information on what #Altseason is and $ALTS market
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Thetamind
Thetamind
@thetamind37
The new age of privacy, and the crypto ecosystem that will enable it.

A Thread.
$XHV $SCRT $RUNE
1/

Throughout my research, @HavenXHV The Haven protocol renewed my faith, that privacy wasn't just a temporary trend, but something with actual, sustainability. The creation of a private bank, exchange, and access to real world assets in completely privacy of my own vault. $XHV
2/

Haven's offering to the world, with it's private assets $xUSD $xEUR $xGOLD and xSilver, made me research what else can be done privately, now that I have private stable coin options. My first question was, if I wanted to sell my private assets, how would I do it? $XHV
3/

It didn't take me long before I discovered $RUNE and @thorchain_org and their cross chain liquidity pools and decentralized exchange capabilities. How anyone can offer liquidity and earn rewards and trading fees for doing so. But also,how all trading pairs,are interchangable.
4/

This made me realize that as Thorchain grows in popularity,they will provide the ability for everyone, across the cryptosphere,to trade any coin for any coin. Kind of like uniswap, but cross chain,and outside, yet including, the erc-20 ecosystem. It's uniswap on steroids. $XHV
5/
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On the day of Amavasya, devotees get the darshan of Shyam Baba in Shyam varan (black color). In ordinary days, the form of Baba is saffron. The reason for this is a custom. The real head of Shyam Baba which had appeared from Shyam Kund is of Shyam varan.


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कुंडली में 12 भाव होते हैं। कैसे ज्योतिष द्वारा रोग के आंकलन करते समय कुंडली के विभिन्न भावों से गणना करते हैं आज इस पर चर्चा करेंगे।
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प्रथम भाव -
इस भाव से हम व्यक्ति की रोगप्रतिरोधक क्षमता, सिर, मष्तिस्क का विचार करते हैं।


द्वितीय भाव-
दाहिना नेत्र, मुख, वाणी, नाक, गर्दन व गले के ऊपरी भाग का विचार होता है।
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रोग भाव कहा जाता है। कुंडली मे इसके तत्कालिक भाव स्वामी, कालपुरुष कुंडली के स्वामी, दृष्टि संबंध, रोगेश की स्थिति, रोगेश के नक्षत्र औऱ रोगेश व भाव की डिग्री इत्यादि।
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Jaya_Upadhyaya
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BANASHANKARI AMMA, NEAR BADAMI (KAR)
#bharatmandir #navratri2021

Originally built by Chalukyas in 7th century. Devi Banashankari was their family deity. This image of Banashankari Amma was installed by Jagadekamalla I in 630 AD.

Later renovations were done by Marathas.


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This area has rich forests of coconut, betel nut and other trees.
@GunduHuDuGa


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Benefits of writing SRI RAMA Jayam!!!

Writing Sri Rama Jayam is known as Likitha Japam- Writing Meditation. This gives one a complete sense of surrender to an inner conscience and peace while writing or chanting the mantras.

#Sri_Rama_Jayam #RamaNavami

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You can write this in any language of your choice. It is the connecting chords with the divine and your inner self.

Below are some points that we came across on the benefits :

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1. Vedas tell that as the sun dispels the darkness, the chanting of Rama Nama dispels all evil and obstacles of life. It is a way of liberation and salvation of human suffering.

2. When you think, that all roads are blocked to walk away from day to day problems..

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writing ‘Sri Ram Ram Ram’ gives you the most needed clarity of thoughts to find away out of odd situations.

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