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    Home Unlabelled Crypto Currency Markets Weekly Discussion Megathread - October 3, 2021 (GMT+0)

    Crypto Currency Markets Weekly Discussion Megathread - October 3, 2021 (GMT+0)

    October 03, 2021

    Crypto Currency Markets Weekly Discussion Megathread - October 3, 2021 (GMT+0)

    Weekly Discussion Megathread - October 3, 2021 (GMT+0)

    Posted: 03 Oct 2021 06:00 AM PDT

    Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows:

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    lol

    Posted: 03 Oct 2021 01:08 PM PDT

    The Wolf Of Altstreet

    Posted: 03 Oct 2021 04:43 PM PDT

    Do What I Say, Not What I Do — The Fed at the Heart of an Insider Trading Scandal. This is why we need Bitcoin.

    Posted: 03 Oct 2021 08:25 AM PDT

    Hashbon To Launch Rocket To DeFi: First-Ever Cross-Chain CDEX Connecting Ethereum and Binance Smart Chain, which enable to exchange BEP-20 tokens to ERC-20 ones and vice-versa

    Posted: 03 Oct 2021 09:54 AM PDT

    Something tells me these politicians and billionaires secretly all hold Monero

    Posted: 03 Oct 2021 02:28 PM PDT

    How Bitcoin Is the Answer to US Economic Sanctions for Nations. More and more countries will seize this unique opportunity.

    Posted: 03 Oct 2021 10:08 AM PDT

    Shark Tank Veteran Kevin O’Leary Says His Crypto Exposure Is Now Larger Than Gold – Here’s Why - The Daily Hodl

    Posted: 03 Oct 2021 11:19 AM PDT

    Jim Cramer begs viewers to sell Crypto before Tether causes the entire Cryptocurrency market 2 crash

    Posted: 03 Oct 2021 04:24 PM PDT

    The great 2021 bull run

    Posted: 03 Oct 2021 12:26 AM PDT

    LAUNCHING OCT 5TH!.....BRIDGING BSC + ETH + POLYGON!

    Posted: 03 Oct 2021 08:07 PM PDT

    Is anyone else alarmed by the new crypto regulations they tried to sneak into the infrastructure bill?

    Posted: 03 Oct 2021 01:51 AM PDT

    Best Cryptocurrencies to buy and hold in October 2021

    Posted: 03 Oct 2021 10:35 PM PDT

    5 IMPORTANT CRYPTO BULL RUN TIPS! (CASHING OUT BITCOIN & ALTCOINS PROFIT)

    Posted: 03 Oct 2021 07:32 PM PDT

    Basic concept I wish I could show more traders

    Posted: 03 Oct 2021 08:41 AM PDT

    This only applies to people that attempt to actively trade the market. A HODL'ers strategy is very different and this is not directly applicable to them.

    I see a lot of people take crazy losses in crypto (I really only care about my friends, whom I originally got into the crypto). And these people are often so surprised by massive pullbacks and taken off guard by it. They panic sell and never know when to buy in again. They do it too late, then boom another pullback. I can't babysit all of my friends trades enough to keep them positive and making smart moves.

    Which leads me to believing more people need to understand the money-flow charts more than any actual analysis of altcoins or bitcoin individually. I use these charts almost exclusively to give myself an idea when to buy in and to start taking profits. On tradingview, I use a combination of TOTAL, TOTAL2, TOTAL3, ALTPERP, TOTALDEFI, BTC.D, and BTC to find confluence for buy-in and take-profits.

    An opposite example is how many of my friends were shocked by the massive Bitcoin move the other day. They were amazed to see bitcoin just pump like crazy, and I will certainly say that I didnt expect the almost 10% that it moved, but here are 2 simple plots that give me the idea that a move was coming.

    Total Market Cap

    Bitcoin Dominance

    Both of these plots show long continued trends, and bitcoin dominance was coming to an apex. Again, I did not know the direction of the move. As a matter of fact, I was completely in USDT because in the event things went south, they would have gone VERY south. So I played it safe and am waiting for new market structure to form.

    But by just using those plots I was able to at least expect something to happen. It seems so many people are flying blind. And this really only bothers me for my friends that attempt to trade for themselves.

    I've ben contemplating finding a way to make these charts public and actually keep people updated on them. I don't see many people using these charts, all I see on twitter and youtube are shilling of micro caps and the obligatory Bitcoin going to $69,000,000 predictions. But Im really unsure if people would use them or how to even begin with getting that account going (social platforms have never been my forte)

    submitted by /u/Winter-Divide-8049
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    Concerned about recent ALGO events

    Posted: 03 Oct 2021 05:55 AM PDT

    So after the recent binance's scam-behavior with users trying to withdraw ALGO, and already having heard of accounts getting locked etc, i'm very concerned about it. In my country there are some national crypto exchanges not known in the rest of the world. Had already tried some of them, but most are annoying, have just a few coins listed, and worst of all: very high trading fees AND withdraws, ranging from 1%~2%

    So when i discovered binance was very attractive because its easy, there's a lot of options, stacking, the highest volume and very low fees - which i like most, because i trade very very low $ volume. But after these events etc of course i don't want to lose my money like everyone else, and i'm not intended to keeps withdrawing to wallet everytime cause as i said, i trade low money and the fees ouuuch

    Which exchanges are you guys using?

    I have heard of coinbase, kucoin, coinex, OKEX, kraken and many others

    but i have no idea which one i choose, some research still lets me in doubt because, even liking comparison, i think these comparison websites can be manipulative.

    I am most interested tho in Kucoin because its token is growing fast, does it worth?

    Which are the most trustful exchanges out there?

    submitted by /u/Tzalcoatl
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    Bitcoin could become legal tender in Tonga under plan by MP and barrister Lord Fusitu’a

    Posted: 03 Oct 2021 10:35 PM PDT

    Japan records $6 million in underreported crypto taxes amid Cardano price rally

    Posted: 03 Oct 2021 10:29 PM PDT

    KuCoin will ban all Chinese users | Bitcoin News 03/10/21

    Posted: 03 Oct 2021 07:58 AM PDT

    true that!

    Posted: 03 Oct 2021 02:32 PM PDT

    Ah yes the media

    Posted: 03 Oct 2021 08:11 PM PDT

    KuCoin will ban all Chinese users | Bitcoin News 03/10/21

    Posted: 03 Oct 2021 08:17 AM PDT

    Crypto101: What is volatility and how it affects crypto? :O

    Posted: 03 Oct 2021 06:39 PM PDT

    We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile)

    TLDR:

    Option contracts are a way to hedge against volatility (price movement) in the market. Other ways include futures contract and swapping.

    In general, higher volatility means higher risk because prices move more. That affects people's demand for option prices. Form options contracts, we can also tell how bullish or bearish the market is.

    Get smart: Options are a tool that can be used to hedge against risks or to bet in the market. Difficult tool, but powerful when used right.

    Get smarter: CeFi options for crypto exists. And DeFi options protocols are coming right up.

    General Conclusion

    2 types of volatility — external volatility (aka market) and implied volatility (aka internal). They are useful factors when understanding your assets.

    FactorsBeyond Volatility

    Volatility is not the only thing you should care about when looking at your (crypto) assets. Also note the other data and factors.

    • Micro Economy: Inflation of assets
    • Macro Ecosystem: Market Conditions. Market could change and that affects the assets.
    • Past Data: Beyond micro and macro markets it's also good to look at historical data to look at past data to get some reference and understanding. Note: Past data does not define future performance

    Historical Volatility vs Implied Volatility

    There are two types of volatility. One is the market volatility and the other is implied volatility. In a very simple way it's basically historical volatility and future volatility.

    Historical volatility: It is based on past data and on all the information that is already given.

    Future volatility: It is based on people's expectations of the assets and here you calculate based on how people pay for the expected assets.

    Higher Volatility = Higher Risk

    The general notion about volatility is that higher volatility = high risk.

    Sometimes it is called educated gambling or educated speculation but it's not always true. The general notion of higher volatility means that the price will move more and when the prices move more, higher risk will be experienced. But it really depends on the trading strategy because that will help to mitigate different risks as when you have something with high volatility you can do something else to try and offset the risk or try to reduce that risk.

    What is Market Volatility?

    It's a statistical measure of how "spread" is the value from the middle average. More spread (like a pancake) means higher volatility. Less spread (like a mountain) means lower volatilty.

    1. Uses Past Data: It's historical volatility or using past data to get some understanding of where the asset is right now.
    2. Fluctuation of Returns: It is the fluctuation (movement) of the returns of the prices of the assets. It is measured by measuring the spread of the returns so you can think of it as two bell curves. One bell curve is flat so almost like a very low middle line and it spreads out very widely like a pancake. You have another bell curve like the Mount Everest so it has a very high peak and everything is very narrow towards the peak.

    Higher Volatility: Volatility is the spread of the value of the assets so when it's more pancake shape (i.e. when the sides are more spread out into different directions) that's where it's more volatile. Because there are more ways the spread could go.
    Whereas if it's higher like a mountain (i.e. when it's very narrow towards the center ), then there is low volatility because the prices won't change so much and it's all within a very constrained range.

    Why do we care?

    These values give us two main information:

    1. Market sentiment: It is something like the better volatility where we try to figure out what the market is thinking about and how it compares to other assets
    2. Historical spot price: It is how the asset itself is doing

    We use the information to make bets with it or to hedge against the future

    submitted by /u/economicsdesign
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    KuCoin will ban all Chinese users | Bitcoin News 03/10/21

    Posted: 03 Oct 2021 08:36 AM PDT

    Binance Coin (BNB) Rises to $438

    Posted: 03 Oct 2021 07:08 AM PDT

    Is Bitcoin Up a reliable way to trade crypto?

    Posted: 03 Oct 2021 05:38 PM PDT

    Looking into further investment in Bitcoin/other crypto currency. Wondering what other people's experience has been with Bitcoin Up: https://bitcoin-up.io/about-us/. Is it safe and relatively effective? Any other comments would be helpful.

    submitted by /u/b3perz
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