BC CRYPTO
Saved by @Mollyycolllinss

1/21 The pros and cons of cryptocurrencies with an immutable, decentralized, public blockchain, why banks aren't going away, and what that means for XRP.

A thread. 👇

 2/21 When I got into crypto, one of the first things I learned was that the blockchain is immutable. Once something is stored on it, it can't be changed. Once you decide to make a transaction, nobody can reverse your decision, not even the State. This gives you real power.
3/21 The blockchain is also public. Anyone with the right software can view every transaction on it. This keeps people honest and builds trust b/c everyone knows everyone else can audit the blockchain and ensure everything is on the up-and-up.
4/21 A good blockchain is also decentralized. No individual, company or State can exert control over it independently. Without consensus, things cant't change, and that kind of monetary stability is exactly what we need to stop the current brrrrr of inflationary money printing.
5/21 Crypto also offers you the ability to "be your own bank". You don't have to pay high fees or keep your money in inflationary fiat that's losing value every year. Want to send money to another country? Open an app and make it happen. Fast, cheap, no bank required.
6/21 Want to leave an oppressive State or just move to one more favorable to your circumstances? Just take your seed words, hop in a plane/boat/car, cross the border and your entire wealth comes with you. No permission or $ conversion needed. Decentralized money is global money.
7/21 Yes, an immutable, decentralized, public blockchain is revolutionary and incredibly beneficial. But it also has drawbacks that I don't see a lot of people talking or thinking about. Let's discuss them now.
8/21 Imagine you buy a widget from an overseas seller using crypto. What happens if the seller turns out to be a fraud and doesn't send you the widget? You can't call your bank to reverse the transaction: the ledger is immutable. No such thing as a chargeback in crypto.
9/21 You could call the authorities in that country, but you'd have to speak the language and they would have to care about your little purchase (they wouldn't). Even if the fraudster is eventually caught, odds are you aren't getting your $ back. You're SOL.
10/21 Now let's imagine another scenario. Remember, the blockchain and all its transactions are public. Let's say that somehow your public wallet address becomes known. Anyone can scan the blockchain and figure out where you're spending your money.
11/21 Ask yourself: would you want somebody to scan your online bank accounts and see where all of your money is going? Even if there's nothing nefarious about your spending habits, you're entitled to your privacy. If that gets compromised it can potentially cause real damage.
12/21 There's also drawbacks to being your own bank. There's a reason you don't keep stacks of cash in your house. Somebody can break in and steal it. Of course hardware wallets have protections, but you/your family can be threatened unless you transfer it away--immutably.
13/21 So while crypto/blockchain technology offer incredible power/benefits to holders, there are real risks. While we hard-core HODLers are probably okay with that, the average person won't be. For crypto to get the widespread adoption we all want, you need...banks.
14/21 In addition to offering interest on your crypto, banks can offer insurance against fraud. There would be a fee of course, but you wouldn't be out of luck if you got ripped off. Banks also use machine learning algorithms to prevent fraud and protect consumers.
15/21 While prominent headlines show nobody's immune to hacks, banks have security teams that understand the risks and how to protect your crypto against them. They can store crypto in vaults, and wallet addresses can point only to the bank, not to you, ensuring privacy.
16/21 Then there's the simple reality that not everybody is tech savvy. They'll be afraid to do the wrong thing, press the wrong button, enter the wrong address and potentially lose everything they have. Having a 3rd party custodian like a bank w/a friendly app really helps.
17/21 And don't underestimate people's need for a feeling of security. They want somebody to call for support and to ask questions. Somebody with authority that they trust. You can argue if banks *should* be trusted, but the reality is ppl do trust them even if they shouldn't.
18/21 These realities demonstrate that, as many problems as fiat money and modern banking have caused, banks aren't going away. Crypto will force these institutions to adapt and improve, and that's great for everybody, but if you're an anti-bank maxi, don't hold your breath.
19/21 What does this mean for XRP? Well, XRP/XRPL are designed to bridge currencies quickly and cheaply. States aren't going to want the counterparty risk of relying on another nation's currency. They've learned what happens when the entire world is at the mercy of the USD.
20/21 States will create their own digital currencies to bring the many benefits of crypto under their control, and will need to swap those currencies with other nations when trading. A neutral bridge currency like XRP is the perfect solution for this trustless global trade.
21/21 SUMMARY: The world economy is changing, bringing real benefits to avg citizens. States won't give up currency control, and ppl still demand protections/support that large institutions like banks provide. XRP makes all this happen with easy interoperability and liquidity.
More plain-language explainer threads about crypto and XRP. https://t.co/4DikZmD84I
👀☝️🙏@xrp_mami @RuleXRP @MackAttackXRP @CryptoBull2020 @Kevin_Cage_ @XRP_OWL_ @XRPNews_ @2020Xrp @RoseXRP @CredibleCrypto @XRPcryptowolf @BankXRP @XRPNurse @DualityXrp @MoonLamboio @WorkingMoneyCH @BakkupBradley @sentosumosaba

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Jos\xe9 Maria Macedo
José Maria Macedo
@ZeMariaMacedo
While my time investing in crypto and previously playing poker has gotten me used to experiencing large daily personal net worth volatility, it's never a pleasant experience

Short thread (by my standards...) with some ramblings that help me get through it 👇

1/10 Imo, some DeFi projects represent 10-1000x upside opportunities

Obviously, like all of crypto, it is extremely risky and can go to 0. That said, given the magnitude of potential outcomes, it just doesn't have to succeed that often to make it a massively +EV bet

2/10 As with all early stage tech, realising these outcomes will require 4-8 year holds

Unlike early stage tech, crypto investors will have liquidity, i.e. the possibility, and thus the temptation, to sell

This is both a blessing and a curse

3/10 A look at any of the best performing public stocks will show you that you cannot have 10-1000x upside potential without volatiliy and occasional large drawdowns

Crypto, as early stage tech, is much riskier than established public companies and thus even higher vol too

4/10 Obviously, one should take advantage of this liquidity as it allows for rebalancing. Most importantly, it also makes outcomes less binary and thus less volatile than traditional VC

However, one should not let the liquidity take advantage of us
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1/20 Bitcoin is too slow and expensive for payments. We all know this. To solve this problem, the Lightning network is being built on top of Bitcoin's blockchain. Will it be the end of XRP?

(Video version @ https://t.co/7zJCuKrpqx)

A thread. 👇


2/20 On a normal day outside a bull run, Bitcoin takes ~10 mins to transfer, at a cost of about $0.50. Any time network activity ramps up, those times and fees multiply. Bitcoin's Proof of Work system is painfully slow and can only handle 7 transactions per second.


3/20 To attempt to solve this problem, the Lightning Network is being developed. It's a 2nd layer network that sits on top of Bitcoin's blockchain. It's been in the works since 2015. Yes, 6 years. Do you know anybody who uses it? Me, either, but I'll get to that.


4/20 Lightning works by opening "channels" between parties. Those parties can perform as many Bitcoin transactions as needed and then close the channel. Because the transactions aren't written to the Bitcoin blockchain until the channel is closed, it's much faster.


5/20 Individual payment channels between various parties combine to form a network of lightning nodes that can route transactions among themselves. The resulting interconnections between various payment channels is the Lightning Network.
CRYPTO
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David Schwartz
David Schwartz
@JoelKatz
@VentureCoinist @HypeBillion @MycolePawket If the whole world settled on one stablecoin, I'd agree with you. But stablecoins are always going to be tied to jurisdictions and counter-parties too. So it is unlikely one winner will emerge.

@HypeBillion @MycolePawket Today, one of the roles of the dollar is acting as an intermediary or bridge between currencies. For that role, its tie to the US jurisdiction is both an advantage and a disadvantage. Better US than a worse jurisdiction, but a pure digital asset is better still.

@HypeBillion @MycolePawket Imagine a future (maybe not so far off) where everything is tokenized and you can have your salary agreed in dollars but gold gets delivered to your wallet and you can buy groceries by selling tokenized shares of a REIT.

@HypeBillion @MycolePawket In that world, there will need to be concentrations of liquidity. You can't go from gold to shares of an obscure REIT by finding people who want to go those same shares to gold. The liquidity-concentrating asset likely can't be one country's currency. How could that be universal?

@HypeBillion @MycolePawket So, sure, if you get paid in dollars and pay your bills in dollars, it may make sense for you to use a dollar-denominated stablecoin for short-term holdings and payments. Absolutely.
CRYPTO
Vagobond
Vagobond
@vagobond
This might take a few tweets to get out.
1/ The ICO boom in 2017 and the altszn in early 2018 were unique in that crypto was a largely unregulated space where countless fools were getting lucky on the bad luck of greater fools. This was largely fueled by Ethereum and the ability

2/ to create tokens and contracts from thin air but it got thrust from the post halving BTC bull market and the unique phenomenon of 'crypto kitties' which were both like booster rockets and drew huge media attention to the entire crypto space

3/ Crypto wasn't new in 2017-18 but it was new to most of the people who were seeing it on the evening news, CNBC, etc. Seeing construction workers buying new trucks with crypto riches and idiotic crypto-rich in lambos and moving to Puerto Rico -

4/ - these images captivated lots of people and inspired the idea of 'I missed out before, I don't want to miss out this time' in relation to stocks, internet, tech, real estate, and more. The important ingredient was 'If those people can do it, I can do it'

5/ The inclusion of a character like John McAfee and the entire ICO industry created a greedy free for all where for every good project there were fifty worthless ones - but sometimes, a diamond emerged from the shit
CRYPTO
Lee | The Winter Ouroboros
Lee | The Winter Ourob...
@WinterOuroboros
You are running out of time to get ahead in cryptocurrency.

You know what's coming:

🔺️ Regulation
🔺️ More shutdowns
🔺️ Banks deciding who gets to do business

It's time you got your own crypto wallet.

Don't know how? I'll show you.

/////THREAD\\\\\

METAMASK

What's metamask? It's a wallet. That you -- I mean YOU -- own.

You see, when you buy crypto through an exchange like CoinBase, you own it but only kind of.

If they get

🔺 Hacked
🔺 Shutdown
🔺 Servers crash

-- your money is STUCK.

We are gonna avoid that 👇


First thing,

Go to

https://t.co/JXAp9o5RzJ

You can download it on your computer. It's a browser extension.

Alternatively, go to the app store on your Android or iPhone. It's there too.

As part of the setup process, you will choose a password.

More importantly though...

SEED PHRASE

As you follow the setup process, you will be given a 12-word seed phrase.

WRITE. THIS. DOWN.

Take it down and guard it like the map to Davey Jones' Locker.

THESE ARE THE ONLY WAY TO RECOVER YOUR ACCOUNT.

DO NOT LOSE.

We good? Great.

Let's continue.


Once you're all setup, your MetaMask wallet is going to look something like the picture below.

See where it says Crypto Address? That's where your actual address will be.

It'll be a random arrangement of letters, numbers, etc.

Click on it to copy to your clipboard

NEXT STEP
CRYPTO

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According to him,
whenever the market is bearish,
it won’t be able to cross 60,
and whenever in a bullish trend,
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Like & Retweet for Maximum Reach.

So, instead of the 70-30 Relative Strength Index,
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When the
Monthly and Weekly RSI>60,
& when the RSI takes support at 40 in the daily chart,
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When the
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the prices may bounce back from there, & 1 can enter the stock 4 shorting

The stoploss can be placed at the high of that bearish candlestick, and the target can be the 40 RSI levels.

#banknifty

This range shift concept can be applied in any timeframe,
whether intraday, daily,weekly, etc.
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A Thread on the Boss himself @Mitesh_Engr

Mitesh Sir's Positional Option Selling 101:

• How to find direction
• Which options to sell
• How to deploy capital
• Exit criteria
• What ROI he targets weekly
• What % risk he takes

Done with the help of @niki_poojary


How @Mitesh_Engr Sir finds the direction?

• Daily charts S/R
• 75 min charts S/R
• Intraday trend
• Always play directional
• Never trades in strategies


Which options to sell in weekly expiry according to @Mitesh_Engr?

• Weekly candle High/Low
• Sell 1% away options from those
• Exit when levels breached


Position Sizing by @Mitesh_Engr Sir.

How to deploy your capital?

• First sell 20%
• Pyramid the next day
• When to exit
• What to do when view goes wrong
• What to do with idle capital


Some important tweets of @Mitesh_Engr Sir

• What Data to look at
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