Bitcoin Bravado

2021-01-15 00:04:43 www.trystacked.com Open / Comment

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2020-12-01 06:16:48 Www.TryStacked.com Open / Comment

2020-11-20 14:51:39 Automate Your Trading Experience for FREE with Stacked

Stacked makes trading and investing EASY. Gone are the days of having to monitor charts, or read someone's advice, because Stacked provides automated trading and investing solutions.

Not sure how to structure your crypto portfolio?

Instantly allocate any percentage of your portfolio to pre-built portfolios, or indices, with just a few clicks, for FREE.

To try for yourself, click here! This feature is always entirely FREE to the user!!

Are you interested in robust trading solutions, too?

If you answered YES, go to the Stacked Bot Marketplace by clicking here

The bots range in price, from $30 dollars to $400, which may leave some of you disinterested, which is why we are offering FREE TRIALS to Samurai Scalp and Bedrock Trend Bot

To get the FREE TRIAL to Samurai, make sure to sign up for Samurai Scalp and choose the monthly pricing option on this page and use promo code: samurai30

To get the FREE TRIAL to Bedrock Trend Bot, make sure to sign up for Bedrock and choose the monthly pricing option on this page and use promo code: trendbot30 Open / Comment

2020-08-19 20:40:55 DeFi Frenzy Overtakes Crypto Market

Positive price pressure on Bitcoin, and the crypto market as a whole, had been building for months since the COVID crash in March 2020.

All that was missing from kicking things over into an actual bull market was a narrative...

Well, it looks like crypto has found one at long last.

Decentralized finance

If you're new to the crypto space, then decentralized finance might feel exotic, strange, even futuristic. As anyone who has been around here long enough can tell you, decentralized finance has always been blockchain's core use case.

Need proof? For starters, Bitcoin is a decentralized financial system revolving around BTC, a peer-to-peer digital currency.

As you scroll down the list at CoinMarketCap or *CoinGecko* (if you're waist-deep in Uniswap tokens), almost anything you see can roughly be considered DeFi.

Cardano, Litecoin, Cosmos, Tezos, Chainlink, Ontology, Synthetix Network, Band, Solana, Matic, Harmony — the list goes on — and there is surely no need to mention Ethereum.

So, while the decentralized finance tag may not point to something new about crypto, it's created an umbrella that groups this whole crazy-digital-coins-thing into a very coherent narrative.

In markets, narratives are just as crucial as technicals. The two find deep correlation in positive and negative market cycles, with strong narratives always overlapping bull markets.

Previously, ICOs were responsible for an exuberant 2016-2017 bull market, and today, it's all about DeFi.

Beyond the hype

Unlike the ICO craze, DeFi is quite grounded in comparison. Many of these projects, like Compound, Maker, and Balancer, are rooted in genuine economics at work, presenting new and exciting ways to organize finances.

When, if ever, have you heard of instant, undercollateralized loans with no credit checks, as you can find on Akropolis? How about floating, high yields across crypto asset deposits, and totally new income streams via something called *yield farming*?

In 2008, Satoshi unleashed the BTC whitepaper in response to the bailout of banks, rather than people, at the start of the Great Recession. Here in 2020, we're on the brink of another global downturn, and people are, again, not being bailed out.

When DeFi protocols like Yam distribute governance tokens with no premine, founder, or VC shares, giving everyone equal access to a community-allocated treasury, you start to feel that crypto is *really* on to something this time around.

Projects to watch

DeFi projects are flying onto Uniswap faster than is possible to keep up with. Far from being another *shitcoin roulette*, many Uniswap prospects have flown straight to the top with listings on Binance, Huobi, and Coinbase.

As with anything in the crypto market, do your own research before swapping precious BTC or ETH. But, there's *gold in them there hills*.

Keep an eye on macro DeFi platforms like Ethereum, Cardano, Tezos, Cosmos, Elrond, Harmony, and Polkadot.

DeFi platforms lean heavily on oracles to bring off-chain assets into the picture for collateral. Watch Chainlink, Band Protocol, Nest Protocol, Dia, and Tellor.

Scaling these applications for the most amount of people? Celer and Matic have you covered.

Finally, what about strict DeFi applications themselves? Compound, Balancer, Maker, Akropolis, Kava, Yearn, and even tiny upstart Yam are worth your time.

There are many more out there, but half the fun is discovering them on your own. Set some time aside and make sure you've got that CoinGecko app locked and loaded.

To gain access to Stacked's Free DeFi Index, click here Open / Comment

2020-07-30 22:49:55 Market Flips Bullish — Ready for the Next Move?

The DeFi narrative has finally pushed beyond the cadre of small to mid-cap lending platform tokens like LEND, COMP, and CEL.

As the realization crystallizes that Ethereum contains DeFi value dominance, ETH begins to see action along with several other majors.

Let's take a look at a few storylines in play for the upcoming week.
Is $ETH undervalued? The market seems to think so

Is $ETH undervalued? The market seems to think so

With 4 million ETH ($1.2B) locked into DeFi smart contracts, traders have finally agreed that ETH is an undervalued asset.

Adding to the bullish propulsion firing the engines right now is the 2.5 year downward cycle ETH appears to be escaping from + the upcoming ETH 2.0 testnet (August 4th).

Bulls are salivating at the magical $360 target, a major point of resistance wherein an epic battle is sure to form. Should ETH reach and surpass $360, bulls will be well and fully in control of painting the digital asset's mid-term destiny.

BTC correlation with legacy markets might be subsiding

For weeks, a major consideration for BTC traders has been the asset's strong correlation with the S&P 500.

However, with the S&P 500, Dow Jones, and Nasdaq all flipping red before the weekend, Bitcoin has decidedly turned up with several majors in tow.

The decoupled price action is also taking place over the weekend, adding intrigue to what will happen when markets get back online Monday.

Bitcoin's divergence from legacy market performance bodes well for cryptocurrency traders, but a strong *downward* move in traditional assets will likely throw cold water on the red hot crypto market.

Which tokens are making the next move?

DeFi tokens went, Ethereum is going, Bitcoin is rising, and both Cardano & Litecoin have broken out.

So, who's joining the party next?

Other majors have been relatively silent thus far, namely XRP, XTZ, TRX — three projects with staunch investor bases and much to gain from a bull market.

Additionally, with small to mid-cap altcoins having provided face-melting gains over the past few weeks, the theory goes that profits flow back into larger caps before launching BTC into space.

While some tokens, such as ADA, have already posted massive rallies, others have seen gains in the 15-20% range, which, for crypto, doesn't constitute a *real* move yet.

Watch for moves coming from the top-20 marketcap tokens if this market rally is truly a sustainable one. Open / Comment

2020-07-27 23:18:09 Automate Your Trading Experience for FREE with Stacked

Stacked makes trading and investing EASY. Gone are the days of having to monitor charts, or read someone's advice, because Stacked provides automated trading and investing solutions.

Not sure how to structure your crypto portfolio?

Instantly allocate any percentage of your portfolio to pre-built portfolios, or indices, with just a few clicks, for FREE.

To try for yourself, click here! This feature is always entirely FREE to the user!!

Are you interested in robust trading solutions, too?

If you answered YES, go to the Stacked Bot Marketplace by clicking here

The bots range in price, from $30 dollars to $400, which may leave some of you disinterested, which is why we are offering FREE TRIALS to Samurai Scalp and Bedrock Trend Bot

To get the FREE TRIAL to Samurai, make sure to sign up for Samurai Scalp and choose the monthly pricing option on this page and use promo code: samurai30

To get the FREE TRIAL to Bedrock Trend Bot, make sure to sign up for Bedrock and choose the monthly pricing option on this page and use promo code: trendbot30 Open / Comment

2020-07-27 23:17:27 Automate Your Investing and Trading Experience Open / Comment

2020-07-20 16:23:48 Is Bitcoin Priming Its Thrusters?

Volatility usually has a negative association for Bitcoin investors.

Why?

Because when Bitcoin is volatile, it means prices can go up — or down, and people fear down more than they believe in up.

However, to make money, you need some Bitcoin volatility. Otherwise, BTC is just like any other stablecoin hovering around a pegged value.

These days, volatility has all but disappeared from Bitcoin markets while altcoins take off day after day.
Watching LINK take out the $8 mark really drives home the point that Bitcoin is currently about as exciting as watching an ice cube melt.
However, there are numerous signs and indicators that Bitcoin is coiling up for a decisive move.

The Experts Agree...

John Bollinger, Peter Brandt, and Skew's indicators are all signaling for incoming BTC upside. If you've been on Twitter lately, then you'll notice that the Crypto Twitter consensus is also bullish.

However, knowing Bitcoin's tendency to do what is least expected means you should keep your gloves up and not get too comfortable.

Currently, open interest (amount of money sitting in Bitcoin derivatives) is at a record high across cryptocurrency exchanges. The inflow of positions being made indicates that regardless of direction, traders are betting on a move — and soon.

The holding pattern in BTC price is likely owing to the digital asset's strong correlation with the S&P 500. Both have moved in lockstep after the pandemic-induced crash back in March. With expectations that the overzealous S&P 500 is due for a reckoning, its correlation with BTC doesn't bode well for the latter.

The holding pattern in BTC price is likely owing to the digital asset's strong correlation with the S&P 500. Both have moved in lockstep after the pandemic-induced crash back in March. With expectations that the overzealous S&P 500 is due for a reckoning, its correlation with BTC doesn't bode well for the latter.

Spurring the positive scenario onward are increasingly strong fundamentals such as record-high hash rates, on-exchange BTC wallet balance depletion (indicating hodling), and a burgeoning decentralized finance industry of which BTC is a key component. Open / Comment

2020-06-30 01:16:45 Bitcoin Looking for a Big Move

It's difficult to believe we're on the cusp of July when it seems like only yesterday we were clinking glasses toward the new year.

Time flies when you're...dealing with a global pandemic.

In that time, Bitcoin has held surprisingly steady. Anyone who knows Bitcoin well would probably tell you the same.

Here, in these most volatile of days, our money, this decentralized network between us, hasn't let us down, even if it hasn't landed on the moon.

In a way, this is the moon.

Before, a bit of FUD from little-known South Korean regulators was enough to tank Bitcoin prices. And yet now, here we are, months deep into the most epic event in several generations and the only true global catastrophe probably ever, and BTC is holding the line.

Damn, that makes us proud.

BTC is range-bound, but for how much longer?

We're going to state the obvious here — Bitcoin, along with the rest of the crypto market, is strongly correlated with traditional assets markets, most notably the Dow Jones, S&P 500, and Nasdaq.

Why? Who knows, but it also does not matter. Comparing macro charts of the Dow and Bitcoin throughout the pandemic presents a mirror image.

The Bitcoin decoupling we were becoming accustomed to throughout 2019 is certainly gone for the moment. So, there is every reason to keep one eye on traditional markets and the other on cryptocurrency markets for a holistic view.

Today, Bitcoin is inching toward the $9,200 mark as it adds value that disappeared during a slow leak in the second half of June.

There are encouraging signs for BTC, such as the amount of Bitcoin standing stock-still in wallets.

Unlike at any other time since mid-2017, investors are leaving Bitcoin in wallets in record amounts — all without touching it or sending large sums to exchanges.

This suggests investor confidence toward BTC value as a HODL mentality gains significant ground.

BTC volatility at historic lows

However, any time Bitcoin volatility gets this low, it usually means something huge is on the way.

BTC volatility is currently at historic lows as traders wait for a sign regarding where the next move is heading.

If Bitcoin and the S&P 500 stay closely correlated, and the S&P 500 continues reacting to COVID-19 data and increasingly dire global economic news from organizations like the IMF, then we may be looking at a downward trajectory.

During the past 10 days, several dips below the $9K mark have been bought with what started as ferocity and has ended, as recently as this weekend, as a low volume sputter.

Suffice to say, the window for placing your bets is quickly narrowing. Open / Comment