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    Crypto Currency Markets Don’t sneeze, bitcoin

    June 21, 2021

    Crypto Currency Markets Don’t sneeze, bitcoin

    Don’t sneeze, bitcoin

    Posted: 21 Jun 2021 08:20 AM PDT

    More Than Two Dozen Crypto ATMs to Be Installed in Texas-Based H-E-B Grocery Stores

    Posted: 21 Jun 2021 03:55 AM PDT

    Russian Billionaire Slams Central Bank's Crypto Policy, Says Even El Salvador Realizes the Need for Bitcoin

    Posted: 21 Jun 2021 03:50 AM PDT

    China wipes out 90% of bitcoin mining activities as hashrate is down to an 8-month low

    Posted: 21 Jun 2021 06:43 AM PDT

    Tether - Playing Out the Worst Case Scenario

    Posted: 21 Jun 2021 09:05 PM PDT

    The anxiety over Tether seems to be growing in the past 10 days or so, and there are multiple threads discussing what would actually happen if Tether loses its $1.00 +/- $0.001 peg. I tried to play it out, but I encourage people to pick this apart or offer alternatives.

    1. In a given day in the last month, $100B USDT changes hands (out of $60B in existence, so the average USDT changes hands 1.67 times a day). $61B is the lowest day I found, and $212B the highest.

    2a) If it loses its peg (probably anything below $0.98), very few people would buy it directly. Maybe it goes back to $1.00 and you make 2.0X%, but if it crashes you stand to lose everything. That's high-risk, low-reward. You won't be able to convert it to cash.

    2b) If it loses its peg and you're holding it, your best bet will be to immediately use a USDT/CRYPTO pair to off-load it before it drops further. Anyone who left orders on the books will be stuck holding the diminished USDT. Maybe it goes back to $1.00 and no harm done. Maybe it keeps dropping...

    3) Everyone plays pass the bag until the last USDT trading pairs are either halted by exchanges or people scramble to a workstation and cancel all their open orders.

    4) Every $0.10 in USDT drop is $6B wiped off the books. If it goes to $0, that's $60B wiped off the books. That, in and of itself, is a Friday afternoon in crypto world. No big deal.

    5) This is the unpredictable part: I think there would be a run on exchanges. If all the exchanges are on the up-and-up and they're only matching makers and takers, that shouldn't be a problem. The order books will dry up until the panic subsides, the prices might look wonky due to lack of volume, and there might be cross-exchange arbitrage opportunities (i.e., today DOT was $16.50 most everywhere except Coinbase Pro, where it was $18.50 - in part I think this is because DOT was only recently listed on Coinbase Pro and people were unwilling to sell what they just bought into a falling market). BUT, as long as there really are 100,000,000 ADA to cover the 100,000,000 ADA people have in exchange accounts, there is no problem.

    6) IF, however, some exchanges are trying to double-deal with users' holdings, they'll collapse in the event of a bank run. For example, let's say Kraken assumes that the worst case scenario is that 50% of all ADA is pulled off the exchange in a given day. So it uses 50% of the ADA it is holding in users' accounts as collateral in some exotic lending arrangements. One day people try to pull 60% of their ADA off the exchange at the same time. The exchange can't meet the redemption and it falls apart. There are probably other leverage scenarios I don't fully understand where a bank run causes more people to want to pull their crypto than the exchange has liquid to give.

    7) If one or more exchanges collapse in this way, we get massive panic and outflows. Sellers outnumber willing buyers by a multiple, and the prices appear to collapse as the sellers take whatever they can get.

    8) Crypto winter until people start feeling like they can safely re-enter the water. How long does that take? Do we get back to $1.5T market cap? $2.5T? $5.0T? Or do the institutional players and crypto newcomers have too much scar tissue and trauma to ever return.

    Please pick this apart.

    submitted by /u/jreddish
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    Crypto Content 101: How to Become a Crypto Content Writer

    Posted: 21 Jun 2021 06:51 PM PDT

    Crypto Content 101: How to Become a Crypto Content Writer

    If you have a knack for writing, and you're interested in cryptocurrency, becoming a crypto content writer won't be much of a hurdle for you.

    You've got to know the art of persuasive writing, always be on the lookout for anything new in the crypto world, and also learn to deal with your future clients.

    But before delving into writing content for cryptocurrency, here are some of the basic concepts you need to know.

    ​

    https://preview.redd.it/kfp5tmva3q671.jpg?width=296&format=pjpg&auto=webp&s=d8cb60c6b6a82b6c810f6d60e78f7280c15a3e26

    What is crypto content writing?

    The default definition of crypto content writing is persuasive and informative writing that gives insightful information on cryptocurrency to an audience.

    The main purpose of crypto content writing is simply to educate people more about the crypto world.

    What do you need to start crypto content writing? First, you need to have the basics of content writing, then know the FIVE skills needed to be a crypto content writer. (We'll look at these in a moment).

    So without wasting more time let's jump into the following:

    Content writer basics

    The following is a list of the content writing basics you should know:

    • Know how to write persuasively: you must be able to write in a way that will influence your readers.
    • Specialize in your chosen niche: you should be great at what you are writing about. This indicates credibility. Whether it is cryptocurrency, fitness, or fashion, having a special niche will add value to your product.
    • Master different writing styles: blog posts, emails, ads, case studies, social media posts, white papers, and SEO. (You don't have to learn all of them. Master three and you'll be good).
    • Don't use a lot of jargon: Write in the simplest way your audience can understand.
    • Be passionate about what you are writing: don't pick something that always bores you to talk about. That said, there are less glamorous crypto articles that may bore you with beginner information You already know. It's part of the job, but as you evolve as a writer you'll have more choice over what you write about.
    • Practice and consistency make perfect: Always ensure to learn and practice more on content writing. "Practice makes permanent."
    • Learn to write attention-grabbing headlines: headlines could matter more than the article itself. People tend to read more headlines than they do actual articles.
    • Avoid causing a cognitive block to your readers: Be clear and concise, and always make the use of white spaces to help with this.

    Phew! Now that that's done let's dive into the FIVE skills needed to be a crypto content writer.

    Quality Content Bounty Program

    ​

    https://preview.redd.it/4fox9ckh3q671.jpg?width=680&format=pjpg&auto=webp&s=eed27b54bbe1c9e3e63a8973cfc49c450feccc26

    Quality Content Bounty Program is a part of the BSC Army Marketing Program. 90% of the BSC Army Marketing Program (equivalent to 0.9% of all transaction tax) goes to participants of the Quality Content Bounty Program.

    To qualify for the Quality Content Bounty Program, one must:

    • Be a member of the BARMY 10M HODLERS group.
    • Register for the Quality Content Bounty Program via the BSC Army bot. Only accounts whitelisted by the BSC Army bot can participate in the Quality Content Bounty Program. (Detailed instructions will be provided later.)

    After being whitelisted for the program, you can submit your articles/videos/artworks to BSC Army. Detailed instructions on the submission process can be found here.

    Each submission will be manually reviewed by the BSC Army team. If the submission meets the standards and requirements of BSC Army, it will be posted to the corresponding platform. The creators are given credits and payment accordingly.

    Read more:

    https://docs.bsc.army/

    BArmy Community:

    https://www.reddit.com/r/BSCARMY/

    submitted by /u/dandev947366
    [link] [comments]

    Why Crypto Market Lost $120B In A Day And $270 Billion In 1 Week

    Posted: 21 Jun 2021 02:54 AM PDT

    Proof of Market Manipulation

    Posted: 21 Jun 2021 05:16 AM PDT

    Sure ya did

    Posted: 21 Jun 2021 07:27 PM PDT

    Telos’ Ethereum virtual machine set for launch. Ordinary users with Google accounts can log in to the Telos ecosystem to seamlessly build or interact with any of the over 100 dApps building on the platform

    Posted: 21 Jun 2021 12:51 AM PDT

    When you wake up and all crypto is 80% off..

    Posted: 21 Jun 2021 02:50 PM PDT

    Tip: sometimes you can guess in which direction is the crypto market going by looking at Polymarket prediction markets' odds

    Posted: 21 Jun 2021 10:47 AM PDT

    Winter is coming

    Posted: 21 Jun 2021 09:08 AM PDT

    We are heading to levels reflected in that glitch from not too long ago …

    Posted: 21 Jun 2021 04:07 PM PDT

    Leverages

    Posted: 21 Jun 2021 09:27 AM PDT

    Me who bought the "dip" in class

    Posted: 21 Jun 2021 11:07 AM PDT

    According to attorney, SEC will sue Tether and Binance Coin

    Posted: 21 Jun 2021 02:50 PM PDT

    DeFi Will Be The Catalyst For Fully Digital Banking And Trade Finance

    Posted: 21 Jun 2021 02:05 PM PDT

    McCourt Invested $100M To Support Decentralized Social Media Project

    Posted: 21 Jun 2021 02:54 PM PDT

    Today will define what type of Investor you really are.

    Posted: 21 Jun 2021 04:22 PM PDT

    Today is exactly how some people get rich, and most people stay poor. For the rich, smart, savvy investors see this day as an opportunity, and the poor average retail investors see this day as a loss. The smart traders, the 10%, are buying. The poor man is scared and selling. The market is not made for everyone. But within the Market there are moments that define each man clearly, this is one of those moments.

    submitted by /u/JoeBaileyLive
    [link] [comments]

    Chainlink 2.0 Will Boost the Crypto To New Heights

    Posted: 21 Jun 2021 09:51 PM PDT

    Bitcoin Mining Machines are moving out of China after the recent crackdown. Bit Mining Limited(BTC.COM) Delivers 320 Mining Machines to Kazakhstan, 2,600 mining machines will be shipped in the next few days.

    Posted: 21 Jun 2021 09:45 PM PDT

    This

    Posted: 21 Jun 2021 05:21 PM PDT

    The 3 Cryptos You Should Definitely Be Buying on Today's Dip

    Posted: 21 Jun 2021 08:53 PM PDT

    Cryptos crash as China steps up crackdown on bitcoin mining industry

    Posted: 21 Jun 2021 04:56 PM PDT
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