The Bitcoin whitepaper is the cornerstone of crypto, it was written by Satoshi Nakamoto, the unknow inventor wrote the whitepaper after he coded the first version of bitcoin. The exact date and time of the first release of the whitepaper was Friday, Oct 31, 2008, at 14:10:00 EDT. The paper can be split into four main categories:
Abstract – An overview of entire paper
Introduction – Explains problems with digital transactions and introduces the Bitcoin solution
How the Bitcoin System works – A detailed information about the Bitcoin system
Conclusion – Summary of key features
The whole whitepaper is only 9 pages long and never mention crypto terms like blockchain, cryptocurrency and wallet or 21 million. The technical manifesto was released under an MIT public license for all to learn from, share an enjoy. After its release it was studied by members of the Cypherpunk movement and they found it extremely promising. In January 2009 the first transaction took place. For a complete timeline of Bitcoin from 2007 onwards, visit http://historyofbitcoin.org/.
If you already into crypto or want a buy an extravagant gift for a bitcoiner or crypto enthusiast, take a look at our handmade bitcoin whitepaper book. The book (A4) is handcrafted in Germany and has black book leather cover. The title is stamped in gold. It is printed on 90 gsm white premium paper (FSC certified) and features the whole Bitcoin whitepaper (9 pages).
If you´re into margin-trading, i have a nice little tool for you. It´s called aggr.trade and guess what, it aggregates margin trades of different exchanges. I like it, because its highly configurable. Just head to https://aggr.trade/ and give it a try.
The mainwindow is your prefered chart, in this case I have opend the bitcoin-chart and on the right side you see recent margin trades. It gives you a brief overview about the current market sentiment. Like I mentioned earlier it is highly configurable. If you click the gear icon on the upper right side, you can choose which exchanges you want to see and set the limit of shown trades.
You can even customize the chart itself, you head to the upper left corner and you can switch on/off different indicators, like volume etc.
Another nice feature is the url: you can directly choose your trading pair by heading to the corresponded url. For instance, if you want to see the Etherem/USD pair go to https://ethusd.aggr.trade/
Aggr.trade is made by Kevin Rostagni and you can find his Github page here.
This is an excerpt form the Book “How to not get REKT trading Crypto” which you can purchase here and on Amazon and other stores.
If you want to succeed in crypto currency trading, the first step is to take a good long look in the mirror.
Some of the most common influences affecting the success or failure of traders are psychological. Trading psychology is a way to describe the emotional component of your decision to invest. Realizing that success may take more personal effort than simply researching the currency before you invest, may make the prospect seem a little daunting. But there is a way to wield the psychology in your favor and knowing just how impactful your emotions can be is the first step.
The psychology of trading in practice.
Now that you know, you can use psychology to have a positive impact on your trading choices in practice. Which unhelpful emotions are you likely to experience whilst investing? Fear is probably the most common. Fear can prevent us from taking risks, move us to sell too early or convince us we will fail in the first place. Seeing your investments appear to lose money will not be easy, it could cloud your judgment and make you doubt your overall strategy. Conversely the excitement and joy of a successful currency investment might make you reckless. It could fill you with a false sense of confidence that will lead to impulsive trading. There will always be good times and bad times, you should be prepared to quit when your ahead. Another potentially dangerous emotion is greed. You may think that greed is a necessity for any trader, with glamorous Hollywood movies about greedy market traders informing our collective consciousness. Try to exchange greed for focus, there is no doubt that money is a massive motivation, but an unchecked appetite may lead to a lack of discipline. Focus on the big picture and use money as a motivation as you implement your strategy. Here’s three simple points to remember:
Now we have seen a few negative examples of how emotions can affect trading, what are the positives? If you want to succeed at anything you need to have belief. Believe in yourself and your abilities. This may seem cliché or simple but if applied wholeheartedly it will have a powerful effect. Build a passion for what you do and inject it into each day. Organize yourself with an effectively researched and comprehensive game plan and commit to it fully. Having identified a few dangerous emotions, the next step is to get control of your thinking process. This takes positive action and energy. Positive self-talk is key, for starters tell yourself that you can master the psychology of currency trading. Build on your own personal values and integrity, commit to these as your foundation, a springboard to launch you forward every day. Take breaks and lead a healthy life, feed your brain with healthy food and inspirational material. Strengthen your body with exercise and spend time with your family and friends. It is often underestimated how essential these basic practices are, they will keep your mind agile and focused. Here’s four simple points to remember:
• Do wholeheartedly believe in yourself
• Do positively organize your thinking process
• Do keep a healthy lifestyle routine
• Do commit fully with personal integrity
Finally, be prepared for losses, inevitably not all investments will pan out for the best and this may be especially true for crypto currency investment. When that happens you may feel overwhelmed, but if you have put into practice these tips you will be able to ride that disappointment out with ease. Every failure is an opportunity to learn and exercise our mind, to strengthen it and continue towards success. Trading psychology is incredibly relevant to reaching that success.
“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.”
This is an excerpt form the Book “How to not get REKT trading Crypto” which you can purchase here and on Amazon and other stores.
I´ve stumbled across a nice little tool, which can scan your ethereum and bsc addresses for unclaimed airdrops. As you may know, some cryptocurrencies drop coins to already existing addresses. For instance the $UNI Airdrop was quite huge and the $FORTH Airdrop, too.
So if you in the cryptospace for a while, you surly have a bunch of ethereum addresses, to check the eligibility, just head to earni.fi and paste the address. Earni.fi will scan it for airdrops, NFTs and POAPS. Binance-smart-chain airdrops are included as well. But there is no free lunch 🙂 Earni.fi has a pricing model. Only “basic” airdrops are shown, basic airdrops are $UNI, $1INCH, $TORN, $COMBO, $CRV.
If you are eligible for a not-basic airdrop, earni.fi only tell you that your are eligble and not what kind of airdrop. So you have two options: Subscribe or find the unclaimed airdrop by yourself.
If you subscribe, you can claim your airdrop directly from earni.fi homepage (via metamask). I am a little bit paranoid and claimed my airdrop on its official claim page. As a subscriber you can monitor up ten addresses and will get notified, if new airdrops are in the database. Right now, it has about 98 airdrops in the database. And the monthly fee is $19.
If you want to save money and don´t want subscribe, search for the airdrop via google or take a look at this etherscan page. My personal experience was like this: I found this tool via twitter, searched my computer for any ethereum addresses and tried each one. Luckily I had one hit, earni.fi told me, that I am eligible for an airdrop. Unfortunately it was not a basic airdrop, so it only told me that airdrop was worth $1400, so I tried to google it cause I did not want to subscribe. I have to admit, that it is quite hard to find the airdrop after I few attempts, I grabbed my calculator and came to the magnificent conclusion, that its worth to subscribe for 1 month ($1400 – $19 = $1381 profit). So I checked the homepage and the author, because I don´t want to sink my money into something scammy. The tool is made by DeFi Dawson (on twitter @DawsonBotsford) and I subscribed via CC and erni.fi immediately told me, that it was the $FORTH airdrop. So head over to the $ampleforth claimpage and claimed it. After that I canceled my subscription because 19$ a month is a little but too much for this kind of service. So check your addresses, maybe you have some luck and get an airdrop.
As I wrote in this article, the bitcoin dominance is at a three-year low. This could (!) be sign of a beginning bear market and the market looks very red right now. I want to share some trading strategies for the bear market. These strategies have to fit to your personal risk awareness and long-term strategy.
If you just stood on the sideline of the cryptomarkets, maybe this could be a good starting point to acquire your first bitcoin. Nobody has a crystal ball and the markets could continue to fall. So,I highly suggest to use the DCA strategy to invest, which means you split your invest. If you want to invest 1000$, split it to ten invests of 100$ each over a period of 10 weeks. For a beginner relai.ch is good service for buying bitcoin, it has higher fees but you don’t need to a full KYC, it´s very easy to use. Unfortunately, it is only available in Europe.
I know some people would kill me for the following statement but I am not a big fan of holding coins to death. I don’t talk about bitcoin, I dare to touch my btc stack but I would sell all of my other coins. Nobody lost money from taking profit. I came into the crypto 2017 and I kept all of my positions during the bear market and it is not fun. A lot of coins are still >90% down. So, don’t be afraid to sell your coins. You can use the DCA strategy for selling as well, especially if you´re not sure what to do. For instance, if you’re 200$ up and do not know what to do, just sell coins for 100$. It does not hurt. But like I mentioned earlier, it all depends on your long-term strategy, I know some people who don’t care about fiat gains, they only care about to have more satoshis. I don’t want to spread fud but this could only be the beginning of a bear market. When you sitting on a huge altcoin bag, it´s not the best decision to hold because you’re 20% down. In a real bearmarket your bags will be down up to 90%.
Another suitable but highly risky strategy is to short the markets. I use binance future perpetuals, binance has the biggest liquidity and, that’s important, offers you the ability to test your shorting strategy with a test account. I used the last months to get familiar with the interface and to get a feeling of entry points and stop losses. I personally use a leverage up to 15% and very tight SL. But to be clear, this is a high risk strategy you have to have some experience with trading. You can find various in depth tutorials on youtube.
If you totally convinced in bitcoin and crypto, you can also get a job. What I mean by that? Well, acquire fiat and invest it. Sell some stuff on ebay or craiglist and put that money into crypto. The winners of the next bullrun are made in the previous bear market. Like stated above, I came in 2017 and invested every month, it´s not easy to put money into an asset which is constantly going down and a lot of my friends thought I am crazy but at the end I had a very low btc acquisition price. But take your time, you don’t have to be fast. Acquire money and wait till the markets go sideways and then invest.
“Bull markets are fun and ecstatic. However, they last for a short time and they do not really teach you anything as a trader. Bullish trading environments give you a false sense of skillfulness that only long-term traders have. Nothing really beats a bear market. They give you more time to learn and have a more realistic price movement. Bulls often trade on speculative value alone. However, bear markets tend to be all about fundamental value and what a project really offers. On that account, the next time you become sad that bitcoin entered a bear market, do not be! You have just received even more time to become a true professional and accumulate some satoshis.”
A brief introduction into cryptocurrency trading (eBook)
Crypto trading is a brave new frontier that is rapidly gaining momentum. Already thousands across the globe are making major money from this lucrative sector. The problem is it can be quite hard to get started. There’re many things in play when it comes to crypto. If you’re not properly set up for success, then you are putting yourself at a huge risk of losing money. This is why this guide was created. To guide you towards the best way of trading cryptocurrency without putting your finances at risk.
The book covers the following topics:
Crypto OpSec – A brief overview about security
Coin Altcoin Token – Explains the difference between a coin, token and altcoin
Fundamental Analysis – An introduction of fundamental asset analysis
Technical Analysis – An introduction of technical analysis
Exchanges – Covers the different styles of exchanges like DEX, CEX and broker
Kraken, UniSwap – some words about Kraken and other exchanges
Type of orders – An overview about the different type of orders, for example limit vs. market order
Reading Orderbook – What is an order-book and how do you read it
Leveragetrading – Introduction to leverage-trading
Moneymanagement – A guide about money-management
Different styles of trading – explains short-term vs. long-term strategies
Trading in a bearmarket – Chapter about shorting in a bearmarket
Trading Psychology – Most underrated topic in trading, the psych, this chapter features how to gain the right mindset
Resources and tools
Because crypto is the next big thing in wealth growth. If you don’t jump on board now you may miss this opportunity forever. Now is a better time than ever to start investing. If you’re looking to get a leg up on your wealth growth then this is the book for you. You will finish this guide with a new found grasp on the subject of crypto trading and most importantly the skills you need to grow your wealth through trading. You will learn the best way to profit from these assets and how to develop the skills you need to become the next big trader.
Crypto trading is the future. Don’t get left behind. Join the movement today and find out why countless wealthy individuals use this skill to grow their wealth to soaring new heights!
If you want to buy and sell bitcoin you often have to do a KYC process to identify yourself. Relai.ch offers a very nice service to buy bitcoin without providing any personal data. It offers an app for Android and iOS, simply install it, create a wallet and send money to it from your bank account, the only sensitive data you give away is your bankaccount (IBAN/Name) but you can even avoid this by sending from a different bank account. Maybe you can ask your employer to send a part of a salary to relais service, which sends you instantly btc in your wallet. I tried it yesterday and it works flawless. This service is perfect for dollar cost averaging, just choose the amount and timeframe and setup a standing order in your bankaccount. It took my only about 5 minutes.
Relai is based in switzerland and started its service in July 2020, it offers its service to all European countries, excluding: Belarus, Bosnia and Herzegovina, Faroe Islands, Ireland, Kosovo, Malta, Monaco, Republic of Cyprus, Russia and Ukraine.
But what happen if you lose your phone? You can backup your wallet (seed) or send your received btc directly to another wallet. Like mentioned earlier, I tried it and the settlement duration was under 24h and I could instantly send my bitcoin to my hardware wallet.
Fee wise relai.ch is quite high, it takes 3% of each transaction, but if you use my referral code REL1201 you only pay 2,5% in fees.
Regarding the exchange rate, you have to have in mind, that the exchange rate will be taken when your payment reaches relais broker (bity), this is could be an issue if the price falls/rises during transaction time from your bank to relai. You can find a pretty good FAQ at https://relai.ch/faq/
You don’t need an account, no KYC
You buy Bitcoin directly from your bank account, no deposit
It’s a non-costudial wallet – your keys, your coins
Relai has an all-inclusive fee of 3%, no hidden fees
Dextools is a new tradingtool for IDEX and UniSwap. It was founded by Javier Palomino and Frederic Fernández.
Hence it runs in your browser, its fully responsive and has a very smooth UI. It gives you some unique tools to optimize your trading strategy. Dextools will help you to identify bots and can chase specifc wallets (kind of Whalewatching). So Dextools put you in a better trading position overall. Dextools supports IDEX and UniSwap. The functionality for UniSwap is quite basic, right now they offer a pool explorer and a pair explorer.
For IDEX they offer the ability to watch and follow wallets and to view the deposits and withdraws of the whole exchange. With the IDEX Spread Hunter you can looking for big spread tokens. Filter by volume, try to buy cheap and sell high with a bigger percentage of profits. With the IDEX orderbook search you can search the orderbooks in realtime and easily identify washtrading.
Dextools is still in beta and you can give it a try, just head over to dextools.io
When it finally launches you will have three plans to use dextools.io. A free basic plan which only supports the UniSwap pair- and poolexplorer but booth are delayed. A basic plan which gives you the UniSwap features in realtime and the IDEX features as well. And a third premium tier for upcoming features like tradingsbots and airdrops form sponsors and a private DEXT trading group. In a recent blog post they introduced a new mid tier plan:“TIER 2.5- Basic Version: Any user with at least 20k DEXT tokens will have free access for life to the Basic TIER while holding those Tokens, with all the features that correspond to that TIER.”
The most interesting point in this project is the tokenomics. DEXT is a utility token: 1. All fees are paid in DEX 2. You get a 50% on fees, when you hold 5000 DEX token and third: To get the premium tier you need to hold 100000 Dex token.
The project itself is targeting power traders imho. But the tokeneco is attractive for an holder. So this project aims for booth audiences.
I´ve been now about three years in the cryptospace, like a lot of guys and gals I came in late 2017 and learned a lot of about trading and altcoins and so on. Of course, I bought some $ETN at the all time high and that’s why I followed this project till today. I have to say they developed a pretty huge ecosystem and it doesn’t stop (it rhymes!). Many other altcoins had serious funding issues and died but Electroneum keep track and continue to evolve.
So what is Electroneum?
Electroneum started out in Q3 2017 with an ICO. The price was 1 ETN = 0,01 $, now its 1 ETN = 0,005$. Here is the whitepaper. So you can apply the undercover trading strategy: buy high, sell low. But seriously all participants at the ICO are still in the red figures. The ICO still hold the record as the number one ICO in terms of number of participants: 115k. It was founded by Richard Ells and raised about 40 Million dollar. Electroneum is a dedicated blockchain, forked and modified from Bytecoin Monero. Electroneum is the first cryptocurrency that is designed around mobile ubiquity. To put it another way, it is designed for the estimated 2 billion smart phone users around the world. From my experience its super easy for non-coiners to enter the Electroneum universe, just download the app, do the KYC and you are good to go.
Surely, I want to shill Electroneum to you guys but I would like to quote Scott Stornetta, who is “the founding father of blockchain” (and mentioned in Satoshis Whitepaper). Hey stated:
“Electroneum is creating a lot of value for the end user. So, to me, the fact that you have users that can in a very near term see the ability to realise some value makes your project stand out from the rest. Moreover, the fact that your system foundationally is sustainable for the long term also means your project is setting itself apart from so many others”
And he is absolutely right, today you can use Electroneum to pay instantly at local shops or spend it for online services as well as to top-up your mobile. Take a brief look at the ETN Everywhere site:
In Africa (Gambia, Mali, Nigeria, Senegal) Electroneum also offers a electricity top-up feature. So Electroneum is working on the ground level to bring wider adoption and bank the unbanked. It partnered up with several NGOs to archive this goal. In doing so, ETN selected a number of Non-Governmental Organisations to be validators, who use the ETN block rewards to enhance their existing charitable initiatives. Regarding NGOs please also took a look at ETNDonate, its way to donate your ETN to NGOs. Right now, 181478.52 ETN were donated, which equals $945,51. This number is quite low, so if you own some ETN donate it! This system has to be used, I also donated a small amount to UBUNTU Pathways and have to say the whole payment system works like charm, supersmooth UI, QR scanning and so on.
Till march 2020 you could “mine” some Electroneum on your mobile and earn so a small amount of money every month (it was about 3$ per month) but they changed it and introduced a platform called AnyTask. It a “Fair freelance platform” where you can offer service and get payed in ETN, much like fiverr.com. And here again, the platform is fully developed and has pretty nice UI, everything is pretty solid.
Other cryptos do an announcement of an announcement and at the end the delivery an unusable clumsy product. Regarding announcement: Electroneum recently announced a new side-project called “TaskSchool”, it’s a free online educational resource to enable people to learn a range of basic digital skills that have commercial value. So that will be the completion to the bank the unbanked motto, Electroneum want to give the people economic freedom. For instance you can integrate etn supereasy in your already existing online shop, it offers modules for all common systems like wordpress, magento, woocommerce and so on. If you want to take look just head to your favorite exchange (etn has just applied to binance) and buy some etn, I am very optimistic about the future and hope Electroneum will expand. (and mad gainz of course😊)
First of all I don’t want to shittalk bitcoin or any other cryptocurrency. Since 2015 I had Bitcoin on my radar and bought my first Bitcoin in november 2017. A lot of the following stuff was already written elsewhere but I want to share my thoughts of the last two years.
A store of value.
Bitcoin was invented as P2P cash system by Craig Wright (nah, just kidding). The whitepaper clearly stated it and never mentioned it as a store of value. So what we need for a cash system? Scalability, and here is one problem of Bitcoin. It doesn´t scale. With 7 transactions per second you cannot build a cashsystem, it is that simple. But the lightning network!! Right now there is only 6 million $ in the LN (capacity) and even that number is shrinking. Besides this low adoption in the LN you have a third counterparty to deal with and it has some technical flaws, recently one guy lost 4 btc due a technical bug. Hence you need a lightning wallet it’s not so easy to onboard nocoiners, most people didn’t grasp a normal btc wallet. So we can say that the lightning network is a technical playground for nerds but the majority of people in crypto never touched it. But back to the store of value argument, it came up as the mempools were full and the transaction fees sky rocked. Instead of saying “We have a serious problem in our system” people came up with the store of value argument and people started writing books about it and put lipstick on the pig with a lot of money theory (Bitcoin standard). But if you just look at the volatility you´ll see that this couldn’t be a store of value. I hate to admit it but even Tether is a better store of value than bitcoin. Only Bitcoins deflationary architecture is an argument for the store of value theory, but the numbers indicate, that people don’t use btc as a store of value or a payment system. They simply don’t use it. There is no adoption and for this reason steam removed btc as a payment option. I see it in my own behavior, why should I spend my btc when the value increases in the future. I don’t want to be the next bitcoin pizza buyer.
Doing the same mistakes twice.
I came into crypto because of the traditional banking and money system. I hate these greedy banksters and margintraders who almost crashed the economy in 2008. And what do we do in crypto? Instead of avoid such mechanisms we copy them. Yay, I can short bitcoin with a 100 leverage on bitmex or lending my coins to an exchange for x amount. The bitmex volume is ridiculously high, it is not directly tied to the bitcoin price but has a huge influence. I don’t want to mention all these scammy icos, ah I mean the new term ieos. And because we have no retail in it, we have no adoption. There are some companies like bitpay who started with a good intent but bottom line is, we have a middleman (again) and fees (besides the transaction fees).
I think most arguments regarding die proof of work mechanism are not true. But one thing shouldn’t be dropped: the electric scrap. I recently came across some pictures of an abandoned mining farm in china, and they were so awful. The world is facing a climate crisis and we just create more and more scrap for mining our bitcoin. That is not a good thing in bitcoin.
So what is the solution?
Maybe there is none. People will not starting to pay their daily goods with bitcoin (because of the deflation). Most people don´t care about the technology there just in for mad gains. And even if there in for the technology, what happened in the last years? The only thing in my mind is SegWit (slow clap) but the hashwar in that that time was so annoying.
Maybe the cryptocommunity itself is the best thing bitcoin has done. There are so many smart people outside who are now connected and doing great stuff. Perhaps we should go further and leave bitcoin behind.