https://cryptoxicate.xyz/wp-content/uploads/2020/11/BItcoin_LIQUIDITY_DOWN_SMALL_Banner_Cryptoxicate_com.png

**Always take in consideration non of this information is financial advice or official announcement from any specific project, I’m no expert and this is just my personal opinion on certain project mention on this article, cryptocurrencies are extreme high risk assets and you must do you own research**

Bitcoin Liquidity Continues To Go Down – Price Sky Rocket

After this halving the market has probably been impact more than ever before, during previous halving and bull markets in crypto the price has been driven by crypto enthusiast and retail buyers meaning companies were not interested and for many years said many things about Bitcoin, most of them bad things like its scam or too risky. This bull market is very different than before.

“Markets can stay irrational more than you can stay solvent” , now that so many companies and institutions are on the Bitcoin Hype Train the supply of Bitcoin is not enough, the amount of Bitcoin that can be mine on a daily bases is starting to be short based on the demand, this is my second bull market and usually the paradigm is that market cycles extend with time meaning bear and bull markets become longer, the average time frame is every 4 years there is a bull market and this matches the halving of Bitcoin but since this is the first time ever that the supply is just not enough we might see Bitcoin and the rest of the market to prices we have never dream and a very extended bull market but it will depend if demand continues, we know institutions hold for ever right? j/k

Here the Bitcoin Balance on Exchanges Chart by Glassnode
https://pbs.twimg.com/media/EnSDcm9XMAgbAU5?format=jpg&name=4096x4096

Compare to other precious metals where you can actually put more hardware into it and increase the amount of metal let say gold, silver, copper you can actually produce more, you have to hire more people, buy hardware, machinery, etc, but with crypto is not the same since most blockchains that can be mine has a fix block time frame, blocks per day and amount of reward per block, Bitcoin is one of them. On average there are 143 blocks mine per day with a reward of 6 Bitcoin per block meaning about 858 Bitcoins are mine per day (probably not exact to every satoshi) you can add more hardware, more people, more infrastructure and the amount of Bitcoin per block will never change different than mining precious metals, taking in consideration the amount of Bitcoin that has been locked down because people lost their password, send to wrong address or just forgot about it.

Different than altcoins with Bitcoin you don’t look at all time highs in order to measure how far it will go in the next bull market, you basically look at its previous all time low, here a comparison until 2018.
https://steemitimages.com/p/C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iQNTSGz4Gg2BjKxq6Eiq1t1fwnxaLcmwgcmR4No1NCB6vMz4NH3ykNAB4LGDW5sRT2xqSV1sDmp?format=match&mode=fit&width=640

Altcoins are a complete different game but they to tend to recover with time, may take longer but all it takes are flagship altcoins like Ethereum, Litecoin and Dogecoin, you may say Dogecoin sux but if you have been on this market long enough you know that when any of this three coins start moving its because something is happening in the altcoin market, usually its Ethereum always moving first and then comes Litecoin and Dogecoin, this usually happens when whales get tired of Bitcoin, there is probably a liquidity cap from investors or Bitcoin and whales start putting some of those gains into altcoins, when this happens Bitcoin price drop enough not to create panic from 5% to 10% and we just had that drop two days ago, this match the violent price move of Ethereum, Litecoin and XRP.

XRP Savage 200% in 5 days
https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Bicoin-Liquidity-Continues-To-Go-Down-Price-Sky-Rocket.png

ETHEREUM brakes $600 in 5 days
https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Bicoin-Liquidity-Continues-To-Go-Down-Price-Sky-Rocket-1.png

This moves started around that 10% drop on Bitcoin

Many investors in this market will make tons of money just by buying crypto, it doesn’t matter what they buy as long as its a legit project, there is a point on altcoin season during bull markets that ALL ALTCOINS PUMP, in this case probably not all will go back to all time highs but its an euphoria that traders just look for cheap projects to buy because they think it has more probabilities to go up, mane investors also will loose part of their gains or all because they are expecting a dump in price but it may never happen during the time expected, either you go short and get burn or you just keep waiting to buy back or more and price never comes to your buy point and then end up buying less and higher.

If you are into crypto for the long run just keep holding, if you are trading don’t over trade and avoid going short, if you are not into crypto and want a piece of the pie buy but expect price correction. This bull market is not over and at this pace we could easily see Bitcoin over $30k next year.

I even turn on an old mining rig I have left from 2017 when I had a small gpu mining farm, 80 x Nvidia GTX 1070 at peak producing about $6k a month and this rig is 8 x Nvidia GTX1070, thats a 4 year old video card making about $1.37 a per card a day, entire rig making about $11 a month
https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Bitcoin-Liquidity-Continues-To-Go-Down-Price-Sky-Rocket.png

From the days you could make $3 A DAY with a GTX 1060, a $250 dollar video card, thought similar times would never come back and here we are

If you like the content please share and subscribe on any of the social networks below or use any of my referral links from down below.

Good Luck, Thanks

https://cryptoxicate.xyz/wp-content/uploads/2020/11/WHYIDONTDEFI_SMALL_Banner_Cryptoxicate_com.png

**Always take in consideration non of this information is financial advice or official announcement from any specific project, I’m no expert and this is just my personal opinion on certain project mention on this article, cryptocurrencies are extreme high risk assets and you must do you own research**

Why I don’t DeFi – Protocol Pickle exploit for $20 Million

Google: Defi Protocol Hack
– Akropolis $2 Million DAI
– Havest Finance $24 Million
– Value $6 Million
– Pickle $20 Million

@orbxball on twitter has a good thread about Pickle exploit

I might get some heat because of this post but this are indicators for anyone new to the space to avoid when going into a DeFi project.

I have been involve in a very small amount of DeFi protocols but most CeFi at the moment with Celsius Network and the main reason for this is because of all the hacks I have seen every single month of 2020 there is a hack or exploit and the end is money stolen either by developers or attackers.

The Decentralize Finance concept is very innovative, manage properly results are very promising but at this point to be honest I don’t blame developers or attackers, its the lack of responsibility of users who deposit their funds on projects that have the following characteristics:

– Anonymous Team: Its fine to control your privacy and I know the main reasons for this is to “avoid” social engineering or attacks but the same could happen to many other real companies, they stay public when it comes to their staff so grow up and take responsibility that’s not an excuse, you are receiving others people hard earn money to make more out of it on the long run.

– Financial Experiment: Whenever I see this is the FIRST RED FLAG no matter what I just close the page and move on, if you deposit funds into a site that calls them self an experiment its your fault if its gets hack or exploit

– Food, Animals Names or Meme: if what they trying to do is create some sort of Decentralize Financial Institution and they are using this type of marketing strategy like THIS IS A MEME DONT BUY IT, just stay away

– Childish Website: a website is a very important part of a project, its the public face on the internet, design, colors, logo, and you invest on a “”Financial Project”” where the logo is a Pickle?

– Extreme High Yields: making a passive income is great, that has been my main strategy since 2017, first I started with staking, masternodes and most recently with crypto social media platforms like Hive, 3Speak, Odessy but the return on this projects if you make good content is about 4% to 7% a month but you have to work hard and that’s already more than you will get from any bank, anything above 10% even on crypto is already more than ok, when you see project promoting this hundreds of percent right out of the gait for me that’s a red flag, there is no need for this, Celsius Network highest interest if Im not mistaken is about 13% on stable coins.

This are basically the main reasons I have stay away from DeFi projects and my most successful trades have been SHORTING this coins, SUSHI, CRV, FLM, BAND, SOL and most DeFi projects listed on Binance Futures, the amount of hype behind DeFi this year was insane, whales or anyone who got in first with the multiple hundreds of percentage as yield make thousands of tokens so once listed on futures markets they get murder by traders wile whales dump their tokens bears jump in and they drop for days

CRV Daily Chart
https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Why-I-dont-DeFi-Protocol-Pickle-exploit-for-20-Million.png

Sushi Daily Chart
https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Why-I-dont-DeFi-Protocol-Pickle-exploit-for-20-Million-1.png

FLM Daily Chart
https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Why-I-dont-DeFi-Protocol-Pickle-exploit-for-20-Million-2.png

Band Daily Chart
https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Why-I-dont-DeFi-Protocol-Pickle-exploit-for-20-Million-3.png

This are just examples and almost all this projects have been involve in some sort of drama, some of this tokens have recover recently with the current bull rally but are you buying into a project to see it tank and wait weeks or months for it to recover or would you prefer a much more some what stable project in regards of price, adoption and most important security?

Even after all this reasons and events I still believe DeFi is a great concept that can be accomplish but all us as customer, clients, investors must take responsibility and put funds on projects that are taking things as a serious matter as a true financial institution in this case decentralize, there are other good DeFi projects that don’t offer crazy amount of interest but so far with very little incidents.

– Compound
– Aave
– Thorchain
– Kava

Just to mention a few and even other projects who suffer a similar incident and have manage to survive and keep moving forward, this are the projects I would look for, this really gets to a point where its annoying seen people complaining about loosing their money on DeFi projects but at the same time annoying seen how not fair is this for those who believe in the project, that’s not the purpose of crypto and this kind of incidents is why I never recommend anyone I know to buy anything else than Bitcoin and not because I’m a BTC MAXI, its because crypto is still the wild wild west and that wont change in probably the next five years, Im not asking for regulations but one of the following will happen first:

1- Extreme Crypto Regulation by countries
2- Developers take responsibility
3- Users learn not to trust shady projects

To be honest I think the one with the most chances to happen first in the next five years is number one and I feel many of us in the space don’t want this to happen because crypto was suppose to be in control of the users and no middle man.

This is a little bit different from what I usually publish but with the amount of new users crypto is going to get next year with current bull market I feel I needed an article for when people ask me in a few months “What do you think about this DeFi project?”


If you like the content please share and subscribe on any of the social networks below or use any of my referral links from down below.

Good Luck, Thanks

Website: https://cryptoxicate.com

https://cryptoxicate.xyz/wp-content/uploads/2020/11/Altcoins-will-reach-all-time-high-on-2021_SMALL_Banner_Cryptoxicate_com.png

**Always take in consideration non of this information is financial advice, I’m no expert and this is just my personal opinion on certain project mention on this article, cryptocurrencies are extreme high risk assets and you must do you own research**

This bull market feels different than the one on 2017 or may be its because I was not into crypto on 2016 and this is just the start of the bull market, sometimes I think its the case the main reason is because Bitcoin and the rest of the market has not even got to all time highs and a question that always come up is "Will Altcoins reach all time highs?".

Different from 2017 there were not that many altcoins and its my impression from the market that some of the OG altcoins that have been dropping since then are not really performing and part of the crypto enthusiast see them as they wont reach all time highs, IN MY OPINION not all altcoins will reach all time highs but some of them will, in crypto its hard to tell what coins will go to new all time highs because different from other markets its purely based on the tech and not on profits generated from the "token" but that's starting to change with DeFi because now those platforms can be evaluated based on the amount of assets they hold, other types of tokens or coins are still hard to evaluate.

What I look into a coin?
- Working Product, not just promises
- Large community
- Development
- Public face
- Tokenomics

Ethereum Chart, needs to do about 178% to brake all time highs.

https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Altcoins-will-reach-all-time-high-on-2021.png

**I do not hold all the tokens I'm going to list**

Here a list of coins that I'm invested back from 2017, not that I'm holding since then but are from those times, this coins may go up to new all time highs.

- Ethereum
- Binance Coin
- OMG
- DigiByte
- Horizen
- Waves
- Cardano

Q: Why is this list so short?

A: Most coins would have to do over 10x in a single year and it will depend on how much NEW MONEY will enter the market because then it runs out, the amount of money in the market or participants will be too thin.

I came up with this short list from going through nomics.com top 250 coins, most of the coins from 2017 probably have to do over 15x to get to all time high levels, not that its impossible after all the amount of volatility seen on the crypto market has no comparison so we never know how high a coin can go but the reason why I'm writing about this is mainly because I know there are some people out in the market holding since 2017 some coins that may actually not make it to all time highs and a golden rule of investing or trading is cut your looses quick. Some aspects of crypto that I think are weak or dead are staking coins and masternode coins, this are sections of crypto that has become very weak overall and have be surpass by others like DeFi.

What I have been doing lately is focus on new coins, when I say new coins I'm not talking about obscure tokens or pre sales, I'm talking about coins from the last two years that have potential and better if they already have a working product, I may take a risk here and there but my strategy is different that what I did on 2017 main reason is because now I know how risky is to invest on pre sales or coins nobody knows, yes you will find that GEM that you get in first and make a ton of money IF everything goes well so I'm trying to take away or reduce the "IF" and going with projects that have been innovating since 2017 but also keep performing in price and this is hard because even the small list of coins I post above most of them went down over 80% since the previous bull market but they are not too far from that all time high target and don't have to do above 10x to get there, I still believe there is still plenty of time for this projects to get there.

What new coins I'm looking at, that will definitely go way high at bull market peak

- Uniswap
- Celsius Network
- Chainlink
- Aave
- Sushi
- Kyber Network
- Polkadot
- Tezos
- Vechain
- FTX
- 0x

Vechain USD Chart, needs to do about 139% to break all time highs

https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Altcoins-will-reach-all-time-high-on-2021-1.png

This list is way larger and its not all, there are many new projects that are very exiting and will keep thriving, same as the bull market is just starting I believe the DeFi season we had a few months ago is just the start, different than the ICO area DeFi has products as I mention before something that financial entities can now will be able to evaluate same as traditional companies get evaluations, DeFi is an experiment that is just starting and a new wave of this projects will come up.

Keep in mind that this is just my opinion and I could be totally wrong about some of this coins, after all there are thousands of coins out there that will pump like crazy on next altcoin season and this is just my perception of the market based on news and price actions of some of this coins. I know the expectations of most people is that altcoins will do all time highs same as Bitcoin will but first the market need new blood new participants then more money can flow into altcoins once Bitcoin takes a break and the rest of the market start to move as fast or even faster than Bitcoin just be very selective in the projects you put your money in.

I hope this articles provides you a guide of the aspects I look for before buying a coin for the long term.

Thanks

Website: https://cryptoxicate.com

https://cryptoxicate.xyz/wp-content/uploads/2020/11/CELSIUS_NETWORK_RECAP1_SMALL_Banner_Cryptoxicate_com.png

Celsius Network Crypto Loans on 2020

Always take in consideration non of this information is financial advice, I’m no expert and this is just my personal opinion on certain project mention on this article, cryptocurrencies are extreme high risk assets and you must do you own research

Celsius Network has been growing a lot, their business model is not complicated as they basically are a bank in a sense that they hold certain amount of assets, pay interest to the holders of their utility token $CEL and give out loans against collateral, this is the meat of the business there are more details into it but if I have to describe what Celsius Network does its basically this.

I made tutorials on how to buy CELSIUS NETWORK on UNISWAP and how to use their platform:

How to buy CELSIUS NETWORK on UNISWAP:
https://www.youtube.com/watch?v=D07Xm34FZC8

How to use the CELSIUS NETWORK Mobile Wallet:
https://www.youtube.com/watch?v=Y5jyoG2HWGA

They have been adding more and more crypto currency to their platform, meaning that now you can earn by holding different crypto currencies on their platform and you are not limited to stable coins, Bitcoin and Ethereum, when it comes to holding crytocurrency on their platform for a long term my choice is $CEL Celsius Network Token, the reason for this:

– I pays high interest depending on the tier you are in (Bronze, Silver, Gold)
– At $2 I still think its cheap, at peak bull market I think this can still do another 5x meaning $10
– I see more potential to make higher gains on $CEL than most other mayor cryptocurrencies due to its low value
– I still value more Bitcoin and Ethereum than other cryptocurrencies so don’t want to risk those

I have bought already three times $CEL token and trade it back to back, made nice gains each time but stop using Ethereum when fees were crazy high so I got a bit away from the project, I have been waiting for a pullback for the prize of $CEL but it has not happen yet, eventually when Bitcoin takes a breath and decides to correct before or after braking all time highs its possible that the value of $CEL might dip in USDT value although if Bitcoin goes crazy high then it just wont go below $2 this is why I have decided to start buying again my initial bag of 1083 $CEL tokens, it might take me sometime and I’m not really doing it for the interest I might make from holding the token just because its not my thing, although if you have a good sum of collateral just sitting around and want to earn some good yearly interest basically by just holding $CEL then that’s a good deal besides the appreciation of the asset.

Ten Dollars ($10.00) is my target with the bag I’m slowly creating back again, I’m just a regular guy who tries to make some money online with crypto, I trade crypto on spot and futures, also hold crypto for the long term although my only two long term holdings are Bitcoin and Ethereum, might start adding some others now that there are more fields in the space like Chainlink and would consider Celsius Network depending on price appreciation, but yes I’m essentially buying because at $10.00 it would be nice, lest say average it cost me $2.5k to buy my bag again, at $10 that’s a 4x gains not bad and this target I plan it to be achieve probably next year 2021, in the meantime I will still hold it on their wallet to get some interest since this is paid every single Monday.

There are many reason why the price of CEL has gone up so much, one of them is that Celsius Network buys their own token from the markets, there is no over the counter, they buy tokens to pay holders interest, here some metrics from their last weekly report.

-Weekly $CEL Tokens Purchased: 435,192
-Weekly USD Value of $CEL Purchased: $828,776.61
-Total $CEL Tokens Purchased: 43,457,095
-Total USD Value of $CEL Purchased: $82,568,480.50
(Based on the real-time value of $CEL)

https://miro.medium.com/max/584/1*9yyotSabxZ9BK400Qwje4w.png

They can achieve this based on multiple factors, for once their balance sheet currently report $680 million that’s excluding they asset they have come up to manage in the back, Celsius Network is not about cryptocurrency they also hold other type of assets that sum up over $2.2 billion, depending if its cash, stocks or cryptocurrencies this provides them enough power to keep generating money every month and take in consideration that they don’t provide loans without collateral so they are really not going into any type of credit dept, this is the perfect circle of generating a passive income. Nothing can go up for ever, eventually either the price of Bitcoin will force CEL token to dip in USDT price or any other factor in the cryptocurrency space but I’m starting to consider CEL as a third or forth option for my long term hold bag and if I do this probably would hold 25% on their wallet and the rest on an Ethereum wallet.

I hope this article gives you a recap of what has happen since the last time I talk about it

Thanks

Website: https://cryptoxicate.com

https://cryptoxicate.xyz/wp-content/uploads/2020/11/UNISWAP_FARMING_ENDS_SMALL_Banner_Cryptoxicate_com.png

Uniswap UNI Token farming ended


Always take in consideration non of this information is financial advice, I'm no expert and this is just my personal opinion on certain project mention on this article, cryptocurrencies are extreme high risk assets and you must do you own research

After the biggest airdrop probably in the history of crypto, I’m not sure about that, the first purposes of the $UNI token was yield farming and also be use as the governance token for the platform, Uniswap offer a 60 days of yield farming through four liquidity pools, at the moment of this post holding over $1 Billion USD on ETHEREUM, based on current ETHEREUM price.

I first got into Uniswap because of Celsius Network, I was at first really attracted to the option to hold crypto and be able to make a loan based on the asset until I understood the risk, although Celsius Network was an awesome investment for me and I have been buying again.

After buying CEL at $0.35 cents to then sell at $0.75 I totally got out of it but in the processes I remember using up to three wallets and with that came the biggest airdrop I have ever get TOTALLY FREE, $3,348 USD in UNI tokens at a value of $2.79 per token, I woke up check twitter and got a bunch of tweets about a UNI airdrop, sold my first 400 and then find out that I had two more wallets, the same happen to a lot of people, I knew there was going to be some hype around it but didn’t want to risk it on FREE MONEY!!! It was already 100% profit so then the price went up until Binance listed on their futures platform, after that a roller coaster started, at first I didn’t long it but when Bears turn up the heat and dump all that UNI from $8 started to short it. Recently the price reach drop to $1.82 and it has been recovering to $3.82, that’s a nice recovery although the future of the token price is not so bright in the short term.

https://cryptoxicate.xyz/wp-content/uploads/2020/11/4Cryptoxicate_com.png

Going back to the liquidity pools, besides all the free UNI tokens going around the market this pools were generating 583,333 UNI tokens, per pool, peer week being paid to all the participants, IN MY HONEST PROBABLY WRONG OPINION that’s a lot of selling pressure coming their way, yes a lot of people probably panic and usually investors who cant sit on their hands meaning they need that money, that includes me btw; sell the tokens but those who believe in the project and can wait just let them panic and buy back, such action creates a pump like the one we saw few days ago, regarding the price it seems a bit over extended after the recent pump and the use of the token now that this pools are going to shut down is basically have a saying in the DEX direction but you need to hold a lot of UNI for that.

Here their most current Uniswap Liquidity Incentive Plan

https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Uniswap-UNI-Token-Farming-Ended-November-17.png

https://gov.uniswap.org/t/discussion-uniswap-liquidity-incentive-plan/8590

I share the opinion that the UNI token was just a reaction to the vampire attack from Sushiswap in the short term, now they have a token that I really don’t know if it has a value, I don’t hold any UNI at the moment but I’m tempted to buy some since they may have something cooking backstage, I had the idea UNI could be a second BNB probably reaching same price targets of $50 since its basically the exchange with the most volume PERIOD, but with pools shutting down and besides governance I hope when UNISWAP v3 comes out there is something interesting or at least the UNI token provide some yield or some other use case within the platform, right now buying UNI is not within my plans because I don’t have the necessary liquidity since I’m just holding my long term BTC and ETH besides a couple of tokens I use on a daily basis for other platforms that currently pays me some sort of dividend.

I like sharing my opinion, never a fanboy of any project, and always been as impartial as possible, hope this helps you to understand my concern about the project and price of the token.

Thanks for your time and for reading my article.

If you like the content please share and subscribe on any of the social networks below or use any of my referral links from down below.

Good Luck, Thanks

Website: https://cryptoxicate.com

https://cryptoxicate.xyz/wp-content/uploads/2020/11/BinanceProjectCanal_SMALL_Banner_Cryptoxicate_com.png

Binance DeFi Ecosystem expands with Project Canal and Btokens

I have always had this love and hate towards Binance, first when Binance Card to Panama?? , but really every year Binance impress me more and not necessary because of the power that they have over the space but how they adapt to competitors and come up with new products when on 2017 everyone saw exchanges just as a platform to buy and sell then came Bitmex with futures contracts and after that Binance start expanding with more and more products, some of them I agree with but some others definitely look like they trying to create a monopoly but keep in mind that if you are in a market but your competitors cant keep you with production and innovation its not your fault you turn to be on every corner competing in every aspect of the market.

If you are not new to crypto or DeFi you know the story between Uniswap and Sushiswap, well Uniswap came up with a great idea it has been working as design but then came Sushiswap with way more Hype based on the returns it was genearting until the greedy developer decided to send it all to hell to then backoff and hand the keys of the project, well I think Binance was very smart during this time, listing DeFi tokens on their futures platform left and right based on the narrative that if they don’t do it someone else will, this are the type of things I don’t like about Binance sometimes they are so strict with their listings and some others they are not because its on their own benefit.

https://public.bnbstatic.com/20201030/2aa439e4-20d6-40ed-999a-c84cbaa9ad41.png

Token Canal Upgrade: Binance Wrapped BTokens on Ethereum, Panama Turns into Bridge | Binance Blog

Binances for a long time had in mind releasing a platform where users could build dapps, DeFi dapps is the sensation right now so they have been pushing on this direction, latter on very similar to Uniswap pools and wrap tokens as on Ethereum Binance came up with their own version and they call it B Tokens with the backup of Binance.com with their immense liquidity this is not the peoples project like Uniswap is, here born Binance version of Uniswap and their own wrap tokens. Tokens that were first launch BTC, DOT, FIL and WRX with more on the way as they probably build up more liquidity pools, the concept of wrap tokens is great when it comes to use your tokens from one chain into another with a 1:1 peg asset, IMO what makes it more attractive is that all this tokens are also covered by the SAFU Fund, if you are not aware Binance has a fund since they were hacked, they call it the SAFU fund based on a typo CZ did on a tweet and this is great because if for some reason they get hacked your funds are “”SAFU”” it still crypto so no 100% guarantees but at least it gives me the hope I wont loose my crypto if using any of this B Tokens.

There are already projects using this B Tokens as part of their platform for example ForTube, a DeFi lending platform, with all the incentive of Binance behind this entire ecosystem I cant imagine the liquidity provided right from the start, on one their post they claim to already have a total of $350 million worth of BTokens on the Binance Smart Chain, that’s a lot of crypto, its true that there is probably 20 times more on Ethereum DeFi ecosystem but keep in mind how many times we see this other platforms getting hacked over and over and over, rug pulls ppl already lost the count, I think its in Binance best interest that this platforms using their Binance Smart Chain and B Tokens have some similar security in place although they clearly mention some of the risks for getting involve on projects because at the end of the day its software and on a decentralize platform anything can happen, this in regards to developers who would like to join the BSC.

https://cryptoxicate.xyz/wp-content/uploads/2020/11/Pasted-into-Binance-DeFi-Ecosystem-expands-with-Toke-Canal-and-Btokens.png

Binance Chain B Token Wrap into Binance Smart Chain

I’m definitely leaving a lot of details about Binance Smart Chain but this is just my opinion in regards of Project Canal, although what you can be sure about is that in the short term at some point Binance Coin will go up in price rapidly again and more users of the exchange will try to hold it because they are going to get benefits from validators, I really sounds similar to what Ethereum ecosystem is and in my book its ok, there are some things you don’t have to re invent you just need to improve and expand, Ethereum has done a great job as the biggest smart contracts platform and has been evolving but if BSC continues this path I’m not saying it will replace ETH but can probably have a chance to give a run for money, its all about adoption sometimes the tech is not that good but their is a big community behind, in the case of Binance that could probably not be the case because they have the liquidity, tech and certainly Binance community is big.

Hope this article helps you to have an idea of what Project Canal is on BSC.

Here official links for this project.
– https://www.binance.org/en
– https://www.binance.org/en/smartChain
-https://www.binance.com/en/blog/421499824684901212/Explore-the-DeFi-Ecosystem-with-BTokens-Introducing-Wrapped-Tokens-on-Ethereum-

Website: https://cryptoxicate.com

The purpose of this article/video is to show you that a trading bot can also make you loose money IF you are not diligent and monitor what its doing, trading bot are tools not auto money printing machines.

For some reason when you mention a trading bot to people they usually relate to two things, a robot and easy trading, after three years almost four now of being in crypto I have learn that trading even when its under an automatic process like a trading bot is not easy at all, I have use so far 5 trading bots and so far none is a setup and forget, all of them need to be monitor and adapt to market conditions, Lickhunter is not the exception.

Lets think of what Lickhunter does, it basically counter trade the trend of the coin based on vwap indicator, if we think about it would this really work doing it manually, most likely not since you would have to do the math automatically of how many times you are going to dollar cost average based on your wallet size and this is the part that the bot does great, counter trading is not so smart since as the old saying says "The Trend is your friend until is not" this means go with the trend, if the trend is up then go LONG if the trend is down then go SHORT and to identify this trends there is study and analysis that needs to be done before jumping into a trade so basically what the bot does about counter trading is not ideal but its possible, although at the same time that's why sometimes you will have to encounter situations like the one I describe on my video. (https://youtu.be/qn0J-UkzzvI)

In crypto you essentially learn the most with expirience, 2020 has been a year full of experiences for me, I was there buying and holding crypto on 2017 but was not actually trading as much as I do today so this is the first bull run where I have a more clear idea of whats going on, why and where are we potentially going, its no different with the Lickhunter bot I already have more than two months running this both and have gone through the September correction and the must recent pump that started in October, I have seen prices go down more than 25% in a day and go up 50% in a day for reputable coins and crappy coins, for this I have put rules in place that aloud me to in a sense counter trade the outcome of the bot.

Rules:

    Never go lower than 3.2 vwap and only go up if volatility increase
    Never aloud more than 10% Max Pos (Now Change to 5%)
    Recently setup stop loss at 12%
    Stop the bot after a loss
    Depending on the market bot doesn't need to trade every day
    Counter trade the bot if volatility is high, example if the bot is long on coins because the market is dropping then look for a coin that you can short as a hedge.
    Daily review the bot trades, what coins are trading the most, why they trading the most and what coins are not

Here the AAVE chart and the monstrous candles of last week:
https://images.hive.blog/p/4HFqJv9qRjVeVYqpndHvh98acNg9iCcuQ1eFhGqrYyE8ahWG4nT3Nx1Ex5ikBeQnjPiGoosgJdLqHhB6M7P7ibgKR2CxkD1QfEurDavRDve4nCtF2tGQqGZgYfvHsdgWYFZ9Ds7wwMaQnM7ceQfdS3Qf2vQWx92AB2E?format=match&mode=fit

This are some of the rules that I have been implementing with time, at first this was totally different, I was not using stop loss, max position 100%, vwap 2.5 and forget about daily reviewing the trades, as long as the bot was making money on automatic I was cool with it, it work for sometime until it start loosing considerable amounts compare to what it generated on daily bases, that's the reason I start running multiple bots and a second account like a "savings account" with very safe settings.

The lower the vwap and higher percent balance the more money you will make until the market turns around and is not in your favor anymore, that's inevitable and take in consideration that if you trade many coins the risk increase.

Before the US elections I took the decision to keep the bot at vwap 3.5 because I was anticipating high volatility and more on the short side but the market did the opposite and even at 3.5 vwap as you will see on the video AAVE went up 48% in a matter of days and it was just two candles that did the damage, as a result I lost a good portion of the bot income although what saves me in that case was the "counter trade" I had open, I don't trade ETHEREUM with the bot because I consider is highly volatility when it goes up although I was able to identify its trend and open a long position and I was able to refund what I lost with the bot, its not ideal because you want the bot to make money basically on automatic but you should consider a bot as a TOOL and not as your employee or slave.

So at the end of this story, yes things can go south its not all pink and you can loose money if you are not diligent and monitor what the bot is doing, if that's the case that you cant constantly monitor the bot then when you are not online you can use higher vwap with lower percent balance or just shut it down and start the bot once you are able to monitor what it is doing.

I hope you find this article useful and helps you as this basic rules have help me.

Dont forget to like, subscribe, share, follow and all those social media things that can help me spread my content
Thanks

Website:https://cryptoxicate.com

Hi guys, Im doing a GeekCash Giveaway!!!

Today I’ll be doing BASIC benchmark with different cards for one hour each:
1-EVGA GeForce GTX 1080 FTW HYBRID 8GB
2-MSI GamingX GeForce GTX 1070 8GB
3-MSI Gaming GeForce GTX 1070 8GB
4-MSI GamingX GeForce GTX 1060 6GB
5-Gigabyte Geforce GTX 1060 G1 Gaming
6-MSI Gaming GeForce GTX 1060 3GB
7-MSI GeForce GTX 1060 3GB OC

I have created a wallet for each card, cards will be mining on my pool http://Geek.Cryptoxicate.com

This bechmark results will be useful  for new users who want to start mining GeekCash to have an idea of how many coins they can get with their GPU, what I say here is not law, sometimes you get that Little GPU that could!!

There will be seven winners, this giveaway is not fancy or complicated, each one will get what the card was able to mine times 30x, so if the card was capable to mine 1,000 coins you are getting 30,000 coins, tomorrow I’ll post the results of the benchmarks and winners, how to get in?

You need to comment on this article your discord username (Example: @Rom#3224) and a GeekCash Wallet Address, the wallet address must have a balance, coins will be send to the address you post.

Here the link to Subscribe: https://cryptoxicate.com/geek-cash-giveaway/

Start mining GeekCash at geek.cryptoxicate.com

Pool http://geek.cryptoxicate.com

GPU Config:
geekminer.exe -a geek -o stratum+tcp://geek.cryptoxicate.com:3333 -u WALLET_ADDRESS

CPU Config:
cpuminer.exe -a geek -o stratum+tcp://geek.cryptoxicate.com:3333 -u WALLET_ADDRESS

Here some tutorials on how to start mining GeekCash

CPU Mining: https://cryptoxicate.com/geekcash-cpu-mining-tutorial/
GPU Mining: https://cryptoxicate.com/geekcash-gpu-mining-tutorial/

Links to download miners
CPU Miner: https://cryptoxicate.com/cpuminer.zip
GPU Miner Nvidia Windows: https://cryptoxicate.com/geekminer.zip
GPU Miner Nvidia Linux: https://cryptoxicate.com/geekminer_linux.zip

GeekCash Discord: https://discord.gg/

Any questions msg me at discord @ROM#3234 or email rom@cryptoxicate.com
Have Fun

Recently I have done some post regarding Folm Coin

https://cryptoxicate.com/folm-coin-updates-breaking-news/
https://cryptoxicate.com/folm-coin-how-to-run-masternode-on-windows/
https://cryptoxicate.com/folm-coin-folm-universe/

I hope this helps