This man changed the game:
Dr. Peter Attia.
He dedicated his life to figuring out how humans can increase their lifespan & live to 100+.
Here are 5 game-changing habits he discovered (that you can start right now):
If you're not invested in this narrative, you risk being left behind.
โฝ๏ธ Decentralized GPUs.
#AI is set to be the biggest industry of the next decade, but it can't thrive without GPUs.
Here are my top picks:
$NMT
$DNX
$OPSEC
$HASHAI
$INFRA
What's your favorite GPU pick ?
The EU's recently selected it's 2nd cohort to participate in the European Blockchain Sandbox.
As MiCA comes closer into effect, the EU accelerates their trials of commercial DLT.
$CHEQ & $IOTA have both been selected with the future of identity within the EU.
These two have both shown close ties to the EU dating back to the early MiCA days.
With Cheqd we've seen the history behind both Fraser & Ankur having worked in Digital ID & FinTech at Accenture prior to founding Cheqd.
Additionally we've also seen Cheqd's commitment to comply with EU data & ID regulations.
IOTA's been the only public DLT to have made it to the EBSI's EU Pre Commercial DLT trials Phase 2B.
Needless to say, both have proven their legitimacy to the EU.
Out of the 20 total projects selected only four come from the public DLT space, and both IOTA and Cheqd are focused on identity solutions.
Quite interesting to see that these two have been entrusted by the EU to develop the identity aspects of this sandbox.
This is a major development for both these companies and for the direction of the EU's blockchain strategy.
A core tenet of these solutions is empowering users with control over their data.
By storing credentials in secure wallets and enabling selective disclosure, they prioritize user privacy.
Here's a breakdown of what each brings to the table:
IOTA
IOTA is entering the sandbox with a consortium including IDnow, walt-ID, Bloom Labs, and Spyce5.
Together they've developed a Digital ID solution and wallet that encompasses:
โข Decentralized user authentication system
โข KYC/AML regulations for DeFi and Web3
โข Uses IOTA's feeless Tangle for ID verification
โข Securely stores user credentials in wallet
โข Enables access to dApps based on credentials
It's everything you want in a traditional Web3 wallet paired with public service access.
Best of all? Everything's feeless within IOTA's tangle.
This work with IOTA & their consortium further underpins the EU's trust in IOTA's use of Digital IDs after they had advanced to the final stage of the EU PCP.
CHEQD
Much like IOTA, Cheqd is also joining the sandbox with a few other members.
These names include Netis, Danube Tech, and Soverio.
Though they're not building a Digital ID platform as IOTA & their team have that solved.
Rather they're building a ledger agnostic trust registry for verifiable credentials.
The focus will be on compliance and interoperability with other trust and ID registries by complying to standards like W3C Digital ID.
Additionally it'll be a given that this registry complies with EU data laws such as eIDAS & EUDI.
This registry has a lot of potential to have cross synergy with the Digital ID ecosystem IOTA & their team are building for the EU.
Cheqd's approach tackles a critical but often overlooked aspect of digital IDs: ensuring trust and compatibility across different systems.
As a Digital ID paired with a trust registry certainly would create for further trusted use in identities and credentials.
Cheqd has worked to comply with various industry standards from Day 1 ranging from W3C, ISO, etc.
This enables an industry compatibility of their solutions and it's one thing the EU has highlighted.
Their focus on industry standards and EU regulations positions them well for wider adoption.
MiCA regulations come into effect later this year,
These projects could play a significant role in shaping the future of European identity management.
The future of Cheqd & IOTA are looking bright in the EU!
๐จDeutsche Telekom joins $XDC as a Masternode!
The telecomm giant has been running various nodes on DLTs such as:
โข $HBAR
โข $AZERO
โข $EWT
โขย $FET
โข $EGLD
โข $MATIC
โข $DOT
Great to see XDC also join this list of DLTs providing real world utility backed by the $130 Bil tech giant.
Specifically Deutsche Telekom will be running a standby Masternode on XDC Network.
These nodes don't validate by default, but rather step in when Masternodes drop below the threshold of 108.
Each of the DLT projects that Deutsche Telekom has supported all share 1 common similarity...
They're ALL bringing actual real world use cases.
Nothing needs to be said about what Hedera's doing.
Aleph Zero is one of the most forward with MiCA compliant applications on their network.
Energy Web has multiple initiatives that have been either funded or backed by the EU.
Fetch AI is working with the likes of Bosch to enable autonomous AI agents.
MultiversX has received backing from Tencent & also hosts a MiCA regulated platform.
Polygon has seen great use in retail crypto, but also attracted likes of Bank of Italy, SK Telecom & Google.
And now... theres' XDC Network.
The leader in truly tokenizing and digitalizing trade finance on-chain.
This is crazy.
Japanese people never get sick & live to 100+ while:
โข Barely exercising
โข Drinking & smoking
โข Eating tons of carbs
But when Americans do it? They get obese & burn out.
I had to find out the truth... ๐งต
Thanks for reading! If you enjoyed this:
1. Follow me @nealtaparia to learn how to be a work-less, do-more entrepreneur
2. Repost this thread if you found it helpful
๐จBITCOIN PRICE REPORT
NINE DATA SETS YOU MUST KNOW.
We are at a sad phase in the cycle where people are debating if crypto gains will ever come back.
If 10x returns will ever be possible.
What does the data say when bias is removed.
Some Facts.
โข Online Searches for Bitcoin and Crypto is at all time low.
โข Lowest volume in crypto ever seen along with lowest volatility.
โข Most VCs are at intense losses and are now coping by shilling garbage meme coins.
โข Making money in crypto right now has become a game of, "WHO CAN DUMP FASTER" with the meme coins (Unless you are a good BTC ETH trader)
Some more points to consider.
1. Digital asset investment vehicles had an outflow of US$168 million in the second last week of August, the largest since March 2023. After Grayscale news, outflows stopped for Bitcoin and inflows started. Altcoins continued to see outflows after it became clear that it'll take more time before ETFs are approved even after Grayscale win. Outflow shows taking off crypto from exchange and putting it in private wallets.(Pic below)
2. CryptoQuant have also reported that we just saw the highest Bitcoin fund daily volume since the beginning of the year on August 30th.
3. This is important! Bitcoin outflows consistently surpassed inflows by an 80% margin year-over-year. This is Bullish as larger players continue to move BTC to cold storage, these don't care about 10-15% fluctuations, this shows confidence in BTC. HODL Waves data shows significant percentage of Bitcoin's total supply is held in cold storage by long-term holders. ( See Pic Below)
A little biased conclusion from Points 1-3
Some players, are taking coins off exchange and storing it offline.
Market Bottom Analysis:
4. Spent Output Profit Ratio (SOPR) suggests Bitcoin might be near its market bottom, with values around 0.96 indicating investors selling at a loss.
(Pic Below)
5. The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) shows short-term holders are trading at a loss, a signal of market fear and potential market bottoms.
Volume & Liquidity Analysis:
6. Centralized crypto exchanges recorded their lowest monthly trading volume since October 2020, at less than $423 billion. Altcoin spot volumes decreased as attention shifted towards a potential Bitcoin ETF.
Volatility
7. Move up since Grayscale news was news driven and on derivatives. No major action on spot right now. The derivatives market volume was 20 times the spot volume across major exchanges. This could also mean volatility will increase soon, but not immediately. More the derivatives market participation in comparison to spot -> More chances of volatility.
8. DVOL (Bitcoin historical volatility) is range-bound between 30-50. Demand for long-dated calls in options market has increased a lot. Currently the implied volatility is lower than historical volatility. Meaning options traders still expect lower volatility for longer. We don't have a catalyst for now. IV (Implied Volatility) level continues to decline while last week 143k ETH options expired at put call ratio of 0.85 and max pain price of $1700. This is a good example of time capitulation in play right now.
9. BTC velocity continues to decrease, now sitting at 23, close to last huge low at 19.8. This shows how well Bitcoin is changing hands in the market. BTC forms a bottom when this metric bottoms and then increases with increase in volatility. (Pic Below)
In conclusion, the market is in a winter where the old guards withdraw their tokens and rest, the opportunists freeze and leave, the experienced will accumulate.
Whales are unbothered, having seen multiple cycles, the know we might even dump to 18K, but 70K is guaranteed in 2-3 years, and then, it won't matter if you bought at 25K or 18K.
Survive for the winter is short, rejoice for the spring will be blasting off, slowly but for sure.
The Profit and Loss (PnL) concept is essential to grasp. Discover the basics and the methods to calculate it in the crypto world. https://t.co/RW6peZKHP9
What is Up with Bitcoin?
Let's go Data Diving into Bitcoin.
The market has been a mixture of a graveyard, fear and lack of liquidity. Some are calling for 10K, some are calling for 70.
Hope seems to be short lived, so let's find out with data, where exactly is Bitcoin at?
Exchange NetFlow and spot selling data shown above, shows that currently, investors are not even close to the panic levels of past instances of more than 10% intra-day drops.
Most outflows (Withdrawal from exchange) were after the drop on August 17th. That means spot demand at $24k and above is strong and some traders are moving BTC off exchanges into cold storage.
Note- People move coins off exchange when they intend to hodl and not sell.
Estimated leverage ratio above is a forecaster of volatility, which remains low after the dump in price to $25k.
Short-term holder supply has also decreased which means that there is not much basis for volatile moves, neither is there a downside catalyst.
Although Nvidia brought in hope for the market, the Jackson Hole was a bearish catalyst for US stock market. Expectations for more rate hikes this year increased more than 20% since Jackson hole, but Bitcoin remained stable.
In fact, OI increase and volatility increase during macro events has reduced now, this is also seen through historical volatility and estimated leverage ratio.
Ethereum OI on Binance reached a two year low, illustrating the lack of leverage and hence, volatility prospects
12.8% of the supply went into an unrealised loss after the dump. Still most long-term supply remains inactive. This is bullish, in fact, the top heaviness has been reduced. Market is considered to be near a short term top when too much of onchain supply is in profit.
Thatโs been cleared as 12.8% supply went underwater in 2 hours with this move.
Stablecoin supply of USDT shown above, increase of USDT usually foreshadows bull trends.
Supply on exchanges increased slightly but that could have just been traders exiting positions and hence moving back to stable coins. Mean transaction volume has reached a one-month low now.
There is no USDT in transit or moving to exchanges that's of any reporting value.
USDT issuance has not taken place since June. This means recovery from this will take time and we can slow bleed with low volatility.
TL;DR - Bitcoin stays as strong an asset as ever on the long term.
If you want to not lose hair, buy BTC and walk away for 2-3 years.
Volatility is not going to be consistently high any time soon.
If we recover from here, itโll take some time and strong bullish catalysts for a pump towards 35K.
Likely scenario currently is slow bleed slightly lower but no instant dumps for now.
Bull case is that Short term holders have sold and Long terms holders refuse to sell spot for now.
I thank everyone who read this mess till the end which is like 2 people of the total population.
The right time to buy #Altcoins might be now, or isn't it?
If you think about the previous cycle, you've seen altcoins running to a 10x, 100x, 200x or even more.
Most of them have been losing 90-99% of the valuation. Does that market come back or is it over? ๐
In determination of the altcoin markets and when to buy or sell, a few important ingredients should be identified.
These are:
- Sentiment.
- Price levels.
- Fundamentals.
In terms of the first one, a few important indicators are leading for a sentiment based approach. The first one is easily tracked through social media.
On social media, you'll see that views on YouTube are down 80-90%, Google searches are severely less and the overall engagement on X have dropped to bear market low levels.
The only people on here are the ones that are still a survivor of the entire bear market, while most are down a lot on their bags.
That tells a lot, as those people have experienced a two-year down only market and are stuck in that mindset. Most often happens in these cycles.
Fundamentals are the second category. Are projects still developing and did something change on that perspective? Well.
The good part is that many fraudulent projects are washed out of the markets, while the good ones are constantly building further. Ethereum has swapped towards PoS and is getting Ethereum ETF's based on futures in maximum a month.
Chainlink has developed CCIP and I'm not even mentioning all the other progress in DeFi, NFT's and more.
The only difference: Price isn't following the narrative. Why is that? Well, combine these two topics and you get your answer. Every rally is getting sold into, as people want to get out of the markets and tend to disbelief the markets have already started in a new bull cycle.
Until the real move happens and people don't get a chance to get in their positions. That's why positioning is super important to do that in an early stage, which is when you start to take a look at price levels.
We're 10 months prior to the Bitcoin halving. The period where sentiment is the lowest and altcoins are usually swimming around their cycle lows. Bitcoin dominance is peaking, and will not peak to that level any more in this cycle.
It happened in 2015, ten months prior to the halving.
It happened in 2019, ten months prior to the halving.
It happens in 2023, ten months prior to the halving.
A clear rejection at the 200-Week MA and EMA and looking to continue the fall, while altcoins are slowly picking up in their BTC pairs as a new cycle starts.
While nobody expects it.
The Market Cap Others Dominance shows a clear bullish divergence and bottom at the same moment. A weekly bullish divergence shows here, one of the strongest indicators in the markets.
It's uptrending since, and it won't be stopping.
Ethereum against Bitcoin is an interesting one. In previous cycles, we've had a bottom 252 days before the Bitcoin halving, and we started to consolidate/run up since.
However, in previous cycles a massive correction took place since the high. In the current cycle, the correction is only 20-30%.
What's the difference? Very easy to tell. It's the swap from PoW to PoS, through which a deflationary system was induced, which is, from an investment perspective, a better approach than 4-5% inflation on a yearly basis (where did we hear this earlier? Oh yes, the Dollar!).
Conclusion: Accumulate your positions. Simply DCA this period. Hold for 2 years and you'll be done.
Good luck & hit like if you enjoyed this post.
๐'๐ซ๐ ๐ข๐๐ฉ ๐ฅ๐๐ค๐ฅ๐ก๐ ๐ข๐๐ ๐๐ฃ๐ ๐น๐ถ๐ณ๐ฒ-๐ฐ๐ต๐ฎ๐ป๐ด๐ถ๐ป๐ด ๐ข๐ค๐ฃ๐๐ฎ ๐ค๐ฃ๐ก๐ฎ ๐ฉ๐ค ๐จ๐๐ ๐ฉ๐๐๐ข ๐ก๐ค๐จ๐ ๐๐ฉ ๐๐๐ฉ๐๐ง.
๐๐๐ง๐'๐จ ๐ฉ๐๐ ๐๐น๐๐ถ๐บ๐ฎ๐๐ฒ ๐๐ช๐๐๐ ๐ฉ๐ค ๐ฉ๐๐ ๐๐ฃ๐ ๐ฅ๐ง๐ค๐๐๐ฉ๐จ ๐
* ๐๐ฐ๐ฐ๐ฌ๐ฎ๐ข๐ณ๐ฌ ๐ต๐ฉ๐ช๐ด ๐ฑ๐ฐ๐ด๐ต ๐ง๐ฐ๐ณ ๐ง๐ถ๐ต๐ถ๐ณ๐ฆ ๐ณ๐ฆ๐ง๐ฆ๐ณ๐ฆ๐ฏ๐ค๐ฆ.
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One of the most common phrases you will hear in crypto is:
"๐๐๐๐ง๐ฃ ๐ฉ๐ค ๐ฉ๐๐ ๐ ๐ฝ๐ฟ๐ผ๐ณ๐ถ๐๐!"
Yet none of them really shows you how.
I'll show you 3 proven profit taking strategies that work for ๐ฒ๐๐ฒ๐ฟ๐ individual regardless of experience.
I'll show you in detail a:
- Beginner friendly strategy.
This one is best for people with no experience.
- Intermediate strategy.
This one is best for people with a good amount of experience.
- Advanced strategy.
This one is best for people with years of experience.
1๏ธโฃ ๐ฅ๐ฒ๐๐ฒ๐ฟ๐๐ฒ dollar-cost average.
We all know about the famous "dollar-cost average strategy".
Buy a certain amount of an asset over a certain duration of time to have the perfect average.
Did you consider the opposite also to be true and highly effective?
Consider selling 5% of your portfolio ๐ฒ๐๐ฒ๐ฟ๐ single month in a true bullish market.
Sounds simple, sounds effective and yet almost ๐ป๐ผ ๐ผ๐ป๐ฒ does it.
Make small purchases every month in a bearish market and small sells in bullish market.
It works like magic.
2๏ธโฃ Fundamental triggers
If there's anything that can accurately time the market it's this strategy.
Price ๐ต๐ฒ๐ฎ๐๐ถ๐น๐ reacts to fundamental updates.
When rumours starts of an upcoming project update or release you can be sure price will react in a very positive way.
The opposite is also true.
Price almost always drops after the actual date of the event.
It's because the hype and engagement of the anticipation is over.
For this exact reason you want to take profits of the table ๐ฏ๐ฒ๐ณ๐ผ๐ฟ๐ฒ the release.
3๏ธโฃ Technical triggers
It's well known price responds to previous large sell or buy activity at certain price levels.
Some people use this as the only signal to time profits or purchases in the market or some people use this as added confluence next to their other strategies.
I prefer the latter since a chart is not perfect either.
If you can combine historical price data to take profits with other indicators in the markets you'll have a huge edge in the markets.
Reading charts does require a bit of experience in the markets though.
That's it โ
These are probably the ๐ผ๐ป๐น๐ reliable indicators in the market to take profits accurately.
Although all of them work, not all of them will be what you need.
Method 1๏ธโฃ is one of my favorites and most used ones.
Whether you are experienced or not, method 1๏ธโฃ works wonders without tracking down or timing everything.
The others add that little bit of extra if you really have the time for it.
Make sure you become a master at taking profits.
Nova out โค๏ธ
-------------------------------
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I write guides to make you a better trader including 24/7 live updates on the market.
Like/Retweeting this below would mean a lot to me ๐
In this THREAD I will explain:
1. Why #Bitcoin dumped from 31,500$?
2. Which support should hold $BTC from here?
3. Which price will I start accumulating #Bitcoin and altcoins?
4. #Bitcoin Halving on 2024