Emerald Crypto | March 21, 2021
Fear of Missing Out, often shorted by the acronym FOMO, is the the feeling or perception that others are having more fun, living better lives, or experiencing better things than oneself. This anxiety can stem from coveting material things like a house or a car, craving the status that comes along with earning a degree or job title, or from the social capital to be gained by attending a trendy party or event.
This psychological phenomenon stems from, at least in part, a principle researchers call loss aversion. Loss aversion is the idea that people are more impacted by the possibility of missing out on something than they are by the possibility of gaining it. In other words folks are more anxious about not having a nice house than they are fulfilled by actually having one. (What if somebody's house is nicer??!)
Investment FOMO is no different. Fear of Missing Out kicks in especially when the market is doing very well and others - even the unwashed dabblers - are making money hand over fist. More experienced investors see what is going on around them and are tempted react in an emotional and undisciplined way, especially as the market itself behaves irrationally.
Charts and indicators go out the window as one chases prices up. Managing risk becomes secondary as another sharp rally comes along. Traders give in to greed and seek to do that which is impossible - to capitalize on every opportunity that comes along.
This is all magnified by social media. People compare their 'regular' lives to the highlight reel of others' lives. Investors may brag about their successes publicly, but they are less likely to reveal past blunders and losses.
Plus hindsight is always 20/20. It's easy to second-guess oneself after the fact when all of the information is available. The market is unpredictable and it's simply not possible to win with maximum efficiency every time.
Don't Give In to FOMO
At some point the temptation to succumb to FOMO will come along. One of the best ways to avoid giving in is to have a plan in place before it does. Have tangible goals and develop a concrete strategies to get there. Be specific - include allocation data and have a timeline.
Remember, this is a marathon not a sprint. Have a long-term focus and perspective and be patient. Warren Buffet was on to something when he said that the market is a mechanism for transferring wealth from the impatient to the patient.
When FOMO creeps in take as much emotion out of the equation as possible by reverting back to your goals and strategy. Look at your charts and indicators more, not less. Warrior Trading suggests verbalizing your reasoning for a potential trade or purchase out loud. The idea is that by saying it out loud it will become more clear if the decision is based on solid evidence or if the 'reasoning' is an impulsive rationalization.
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The list of coins I either own or have owned in the last 60 days is getting ridiculous:
ADA, AXU, BAT, BNB, BTC, CAKE, CELO, COMP, DASH, DGB, DOGE, ETH, GRT, GUSD, LINK, LTC, NEO, NMR, NU, PRE, QCP, TRX, USDT, XLM, XTM, ZEC
Meitu has bought 15,000 units of ETH and 379 units of BTC, which were valued at around $22.1 million and $17.9 million respectively at the time of purchase.
Emerald Crypto | March 3, 2021
BAT, short for Basic Access Token, is up over 71 percent in the past few days. The price has risen from a tick under $0.47 per share Sunday to over $0.80 at the time of this writing. This cryptocurrency currently occupies over one billion dollars in market capitalization and has a very concrete and tangible application in the real world, making it one of the more popular cryptos among traders and investors.
BAT is an open source blockchain based on Ethereum. In a nutshell BAT is integrated into the Brave browser and was created to solve inherent inefficiencies and privacy violations nagging the digital advertising industry. BAT is the world's first private global ad platform and is unique because it allows users who opt in earn tokens for attention paid to ads that populate. In other words users get BAT for viewing ads, which of course turns everything on its head.
Additionally, verified content creators and publishers earn BAT by allowing Brave to serve ads on their platform. (Currently that platform can be a website, YouTube, Twitter, Reddit, Vimeo, Twitch and/or GitHub.) Creators can also earn through tips contributed by readers, followers and subscribers.
Verified creators can choose to get paid in BAT, Bitcoin, Ethereum or U.S. Dollars and earnings can be spent on gift cards or used to support other content creators. In the future users will also be able to apply earnings toward premium content subscriptions.
The Brave browser itself is faster and more private. It utilized shields which blocks ads, gets rid of unneeded cookies and makes the browser harder to recognize. It also uses secure connections when possible to block malware.
Brave maintains support for chrome extensions too.
The browser also features the option to open pages in Tor. Tor is free and open source software that enables very private internet usage by hiding the user's history and masking their location. It obscures the user's location by routing them through several encrypted servers before they land at the destination page.
Brave with BAT integration has launched current or past successful ad campaigns with Nexo, eToro, Verizon, Crytpo, BlockFi and many other leading brands. They have also established a solid presence in the blockchain gaming community.
Overall the Brave community currently boasts over 25 million active monthly users, 7.4 million active daily users, and over 1 million verified creators accepting BAT (this author is one of them).
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Doge still going strong
Soon we will be able to get new graphic cards only for mining.
Huge amount of dollars has been invested in Bitcoin by the Twitter owner.
Emerald Crypto | Feb 20
Bitcoin is the world’s leading cryptocurrency, Ethereum is the most widely used blockchain technology, and Binance is the world’s largest crypto exchange. An exchange is a market that allows users to trade cryptocurrencies or to buy and sell digital assets with traditional fiat currencies.
Binance Coin (BNB), the house coin of the Binance platform (like Ether is to Ethereum), has made a huge splash this week by surpassing Tether as the world’s third largest cryptocurrerncy by market capitalization. As of this writing BNB has a market cap of over $43.7B.
The price of Binance Coin was $37.98 on January 1st and according to Coinbase the current price is $281.39 – a 640.89% increase for those keeping score at home.
Binance used the Ethereum blockchain until 2019 when it switched to its own technology called the Binance Smart Chain. According to Ivan on Tech,
“Binance Smart Chain is a blockchain built with the flexibility for smart contracts, decentralized applications, and cryptocurrencies.”
The technology makes it “super easy for developers to move their projects onto the blockchain.”
Binance is known for its large centralized exchange but the venture has more to offer than a blockchain, a coin and a marketplace. They also have a funding scheme, an Academy, a Trust Wallet, a charity and a decentralized exchange.
Which leads to what very well may be the cause of Binance Coin’s current surge.
The DeFi movement in a nutshell is a move towards decentralization. When something is centralized there is an entity and usually a person who can be identified as in charge or running things. 99Bitcoins summarizes the goal of decentralization nicely: to replace centralized financial services with autonomous organizations that allow everyone to participate.
This means the decentralization of everything – currency, financial services, infrastructure, and exchanges.
Uniswap (UNI) has been the leading decentralized exchange on the market for some time now. The protocol runs on Ethereum but recently has had trouble catering to increased demand caused by the DeFi fad. According to Bhushan Akolkar of CoinGape, the result of this rising demand has been an increasing transaction fee (gas fee), which has shot to over $20 per transaction on average.
On Thursday Binance’s decentralized exchange PancakeSwap (CAKE) overtook Uniswap in terms of daily trading volume. CAKE runs on the Binance Smart Chain.
This news is likely at least one of the causes of Binance Coin’s sharpt increase this week. Additonally, Binance has a buy back program where they buy up BNB every quarter and then 'burn it'. Thus the coin is essentially deflationary which bodes well for the future value of the asset.
Is Binance the new Ethereum? That’s probably a little premature but this is definitely a trend to keep one’s eye on.
This is how adoption looks like. Everyone is getting involved.
It's still not too late to buy, Bitcoin is early stage still.
"...with $5B more in one month!
This fantastic milestone is another confirmation for Tether maintaining its number one spot as the most liquid, stable and trusted stablecoin!"
- Great news or a sign to be cautious about inflation
tartup Fuzamei (China) launches a blockchain platform called "33 Charity" to help track charitable activities effectively.
Representative Fuzamei said the platform helps increase the transparency and efficiency of internal processes of businesses and charities. Units can register, store and manage information of each individual. With this platform, sponsors and recipients can make requests under their own names. Medical organizations apply for certification of authority through an identity verifier to obtain a CA digital signature that contains information including the name, contact details and expiration date of the certificate, which helps verify identity. calculation of each person. This certificate also associates cryptographic key pairs with the digital certificate.
The Fuzamei company deploys a blockchain-based platform focused on philanthropy to monitor and manage data. Photo: Cointelegraph.
Blockchain is a potential technology platform in ensuring more equitable aid and distribution, recognized by the United Nations, the Red Cross (ICRC) and the World Wildlife Fund (WWF). The effectiveness of blockchain in helping to raise funds for charity and support against corona virus is a typical example.
Along with the launch of the platform, Fuzamei also announced a contribution of 100,000 yuan ($ 14,280) to China to fight the outbreak of the epidemic, of which 60,000 yuan was invested in the private health.
In addition to Fuzamei, the crypto and blockchain business community in China also has support to help people fight back the epidemic of acute nCoV pneumonia soon. Specifically, crypto exchange Binance pledged to donate 10 million yuan ($ 1.44 million). Blockchain marketing service firm Krypital also donates to buy medical supplies for infected victims in Wuhan. Krypital claims to create a blockchain-based donation system that allows for all operations to be more transparent and efficient. Digital asset management firm Hyperchain also revealed the launch of a blockchain-based platform as a medical donation portal aimed at supporting hospitals in central China.
Which one is your favorite?