BC TRADING
Saved by @jacobhtml

1/ It's time to have a conversation about #Dogecoin.

If you're invested in $DOGE after @elonmusk's much endorsement (such wow), there are a couple of things that you should probably know👇

 2/ First, let's talk about network security (I'll try to keep it simple).

Unlike BTC, ETH, or really any other major network, Dogecoin does not have its own miners -- it currently relies on another network, Litecoin, to survive.

So how did this happen and what does it mean?
3/ Back in 2014, Dogecoin was at a tough spot. There weren't enough miners working on $DOGE and there was a real risk that its network would be attacked.

A network attack (like a "51% attack") would likely destroy Dogecoin, so its developers had to do something...
4/ Their solution was to adopt something called Auxiliary Proof of Work (AuxPoW); a way to merge Dogecoin mining with other similar networks.

Put simply, AuxPoW enables miners to work on multiple coins at the same time and reuse the same work.
5/ Back then, it was somewhat of a controversial solution. Some users were concerned that AuxPoW would put the future of $DOGE at the mercy of bigger miners.

While the change likely saved Dogecoin, the concern was valid: ~95% of Dogecoin mining today is done by Litecoin miners.
6/ This dependance carries some nasty security implications when DOGE has a market cap of nearly 10B USD.

When AuxPoW was adopted, not a lot of value was being settled on Dogecoin...

But in the month of January alone, Dogecoin settled the equivalent of over 8 billion USD 👀
7/ You see, the thing about AuxPoW is that it's a double edged sword...

While it protects both LTC and DOGE with the same work, it also makes it easier (and considerably cheaper) for an attacker to simultaneously take over both networks.
8/ Consider that the price of $DOGE is up 1200% YTD, while hashrate (a proxy for network security) grew a meek 15% YTD.

This ratio, coupled with the existence of AuxPoW, makes a 51% attack on LTC (and by extension DOGE) incredibly attractive since it would carry a high ROI.
9/ So how could this go down?

Here's a hypothetical attack:

1) Buy large quantities of DOGE+LTC

2) Deposit all of it in a major exchange

3) Trade DOGE+LTC for BTC

4) Withdraw BTC

5) Issue 51% attack on LTC that makes it so that deposit (2) never happened in either chain
10/ It's unfortunate, but DOGE and LTC will have to endure a dangerous period until more miners join in and make this attack harder to pull off

Although it's now 136% more profitable to merge mine LTC+DOGE, it'll take time for more miners to setup farms and bootstrap operations
11/ So what can be done?

The best thing to do is to increase transaction confirmations when receiving LTC or DOGE.

👉The 20 confs exchanges and users are currently relying on is not enough👈

A full day is what I'd personally require. That puts a ~2M USD cost floor on attacks.
12/ Does this only affect crypto exchanges?

No. Exchanges are primary targets, but if you've received a LTC/DOGE withdraw transaction from an exchange who is subsequently targeted, your withdraw might disappear after the attack takes place.
13/ Now let's talk a bit about maturity.

Is this the only problem affecting Dogecoin?

Such no... much no...

Dogecoin is a fork of Litecoin who hasn't seen much development in the past 4 years.

Networks like Bitcoin evolved and matured, while Dogecoin remained stagnant.
14/ We run 3 dogecoin nodes at @coinmetrics and we can see they're struggling to support all of this activity.

As of now, they're all on different heights and taking time to catch up to the tip of the chain.
15/ This lack of maturity and seriousness is fun, it's part of the meme..

But if a ten-billion-dollar-marketcap Dogecoin is your stepping stone into crypto, you have to be careful. Don't put your life savings in a meme.

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Casinos make consistent profits day after day and year after year, doing something random

At the same time, most traders believe that the outcome of the market's behavior is not random,yet can't produce consistent profits

Thread 🧵


What casino owners ,professional traders know is that probable outcomes can also produce consistent results if you " Have an edge" and trade on a large enough sample size.

The best traders treat trading like a numbers game.

1. To illustrate, let's look at the game of blackjack-


In blackjack, the casinos have approximately a 4.5-percent edge over the player.

This means that casinos will make profit over a large enough sample size, even after several winning streaks and big profits of many players.

At the end of the day, week, month, or year, the casino always ends up with approximately 4.5 percent of the total amount wagered.

That 4.5 percent might not sound like a lot, but let's put it in perspective.

Suppose a total of $100 million dollars is wagered collectively at all of a casino's blackjack tables over the course of a year. The casino will net $4.5 million.

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Thread: Parabolic SAR Indicator

Parabolic SAR (PSAR) indicator was developed by J. Welles Wilder.

#PSAR #Indicators #Definedge


The calculation of this indicator is a bit complex, but the concept is extremely useful. I will try to simplify it and explain the logic. I will briefly explain the concept, calculation and reading.

Let us think about creating an indicator that shows the trend.

Using the indicator, we can identify & ride the trend using the trailing stop-loss method.

For trailing the stop in uptrend, indicator needs to be placed below the candle. Similarly, it should be placed above the candle for trailing in a downtrend. We will plot it using ‘dots’.


So, the indicator & stop-loss will be rising in uptrend & falling in downtrend.

Let us define the trend as:

If Low of the candle > Stop-loss level in bull market = Trend remains bullish.

If High of the candle < Stop-loss level in bear market = Trend is bearish

Imagine you are driving a car on highway; you would like to accelerate if the road is clear. You will slow down if the road is bumpy.
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Aditya Todmal
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@AdityaTodmal
TradingView isn't just charts

It's much more powerful than you think

9 things TradingView can do, you'll wish you knew yesterday: 🧵

Collaborated with @niki_poojary

1/ Free Multi Timeframe Analysis

Step 1. Download Vivaldi Browser

Step 2. Login to trading view

Step 3. Open bank nifty chart in 4 separate windows

Step 4. Click on the first tab and shift + click by mouse on the last tab.

Step 5. Select "Tile all 4 tabs"


What happens is you get 4 charts joint on one screen.

Refer to the attached picture.

The best part about this is this is absolutely free to do.

Also, do note:

I do not have the paid version of trading view.


2/ Free Multiple Watchlists

Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free


3/ Free Segregation into different headers/sectors

You can create multiple sections sector-wise for free.

1. Long tap on any index/stock and click on "Add section above."
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Kinda like how I did in the picture below.
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Trader knight
Trader knight
@Traderknight007
Life is a continuous journey of going through peaks and troughs of Happiness and struggle.

We can only see the Happy part of other lives, but ignore what they might have gone through to achieve that.


But let me tell you, even if someone is at ease right now, doesn't mean that he will continue to be at ease for their whole life.

The struggle will come again and we will have to go through it ,whatever we do, whoever we are , we have to cross that river of pain.

Even,In trading there are times when nothing works out, you go through long time and money draw-downs.

Even if you think you are a master, you have to go through it.

If you are struggling right now, don't lose hope as the tables will turn.

But remember to work as hard as you can and do as much good work as you can in your ease or Joyful time of life, because the tables will turn again.

Thank you for reading.

Trader knight.
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Technical Analysis and 3 Strategies to deploy for Aggressive, Moderate, and Conservative Traders.

🧵 Weekly Bank Nifty Analysis for 8th December Expiry:


To form a view, let's have a look at:

1. Multi-timeframe Technical Analysis
2. Option Chain Data

Also, 3 strategies to deploy for:

1. Aggressive Traders (2.6%)
2. Moderate Risk Traders (1.3%)
3. Low-Risk Traders (0.8%)


1. Technicals

Let's start by doing some basic technical analysis.

We'll look at:

• Weekly charts.
• Daily charts.
• Hourly / 60 min charts.
• 15 min charts.

1. Weekly-

• The market has given 4 continuous green closes, so not expecting a big momentum on upside.

• This week my view is that it can take a pause.

• Longer term trend is super bullish.

• Any dip will towards 41800 will be a retest, and should be used to go long.


2. Daily:

• Candlestick pattern—Hanging Man

• Chart Pattern—Breakout Failure

• A pin bar candle is very powerful but only after a downmove.

• Here it forms near the top of upmove.

• Means some sellers are present. Below 43000 can sell calls above 43600 for the week.
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Anu Satheesh 🇮🇳...
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Thuravoor Narasimha Swamy Temple
Alappuzha, Kerala
#KeralaTemples 🚩

Thuravoor Narasimha Swamy or Thuravoor Mahakshetram is situated in Alappuzha with Narasimha Swamy and Sudharshana Moorthy as main Prathishta.
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Tekkanappan ( Sudarshana).

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A Namboodiri, on his way to Kashi saw a powerful light which disappeared here 👇


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Om Narasimha Swamine Namah
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So, on the subject of bonkers hyperbolic pretzeling over the Bell judgement, Grace 'destroy books I don't like & make inappropriate jokes about sterilising teenage girls' Lavery has some thoughts.

Tell me why my feminism is wrong Grace.

Oh

Well, if anyone thought the Bell judgment was going to make TRAs reconsider making massively overblown claims with no evidence backed up with nothing but a thick wadge of emotional blackmail.... HAHAHA, no one thought that.


A high court in the UK made a delimited judgment about teenager's ability to consent to puberty blockers. This puts all trans people everywhere in the world at risk.

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Let's be honest Grace. It doesn't put trans people at risk. It puts trans ideology at risk. Because trans ideology depends on the idea of innate gender identity, and the trans child is the

necessary material evidence of the ontology of gender identity.

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Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho


There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.


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