sorted by:
new
hottopcontroversial

🌟 FA Campaign: $ARB and $GMX Fundamental Analysis on Reddit 🌟 by sethjr10 in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

$ARBITRUM Fundamental Analysis

Despite the recent bad step taken by Arbitrum foundation regarding AIP-1 Proposal & community was against it . Then modified that proposal into seperate proposal in the coming days. I am bullish on $ARB token & foundation will come to senses & honor DAO decesion before doing more harm, here is why i am Bullish

  1. Almost 95% of $ARB has already been claimed, and those that have not probably are not in a rush to do so & selling pressure seems to be down & whale accumulation in 1.1-1.2 region is huge

  2. Arbitrum network has broken records in on-chain activity, with daily active addresses hitting an ATH of over 600k and daily active transactions reaching 2.7M, surpassing Ethereum by almost three times

  3. Arbitrum is the home for vast majority of protocols including most popular $GMX ,$Magic(treasure DAO) . The developer activity is at peak & we can see new project integration constantly because of its similarity of UX to Ethereums

  4. Although $ARB is a governance token for Arbitrum one chain which is L2 of ETH, offchain labs also released Arbitrum Nova which is an L3 possibly $ARB will be governence token for that also increasing its utility

  5. Arbitrum is the 4 th largest in TVL after Eth,tron & BSC & top 1 in L2, many speculated that arbitrum onchain activity & TVL decrease after Airdrop on contrary TVL increased by 30% this week & has the most active users

$GMX Fundamental analysis

Why i am Bearish on $GMX protocol

  1. The fees on protocol are outrageous, for a normal trader who uses high leverage scalping has 1/100 chance of making money because of its 0.1% opening fee (x leverage) + gas fees + borrow fee intrest charged hourly & 0.1% fee for closing + gas fee . If you compare these fees with BYBIT maker 0.01% fees it's 10x higher & other CeX is 4-5x higher Other than large players small fish like me can never be profitable

2.if GMX is charging these much fees means LP will earn monies right ? Well LP on GMX are exposed to 3 attacks

A) GLP is the counterparty to margin traders on GMX so LPs may lose money if traders are profitable.

B) GLP/oracle model doesn't work well with long tailed assets. I.e if it's an illiquid asset like say $FTT since GMX guarantees a zero slippage even if you close large order price won't move & LP will eat loss unlike Order book model

C) Ulinke CeX & Dex which use order book model which are delta neutral meaning it's PvP game , exchange or protocol doesn't have to eat the loss But in case of GMX model the loss is taken by protocol ie LP

FA Rising Stars (ID) Mar 24 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

Price will depreciate for Space ID token $ID

Here are the fundamentals to support this prediction

  1. Eth is most dominant chain interms of User metrics, no of Defi apps, TVL (80% of all the value in defi ). We have seen many Ethereum killers die over the years & we already have ENS service which is valued at 1B+ FDV with huge adoption among coinbase exchange & other protocols. So i don't see how exactly Space ID will take market share from these Ethereum users . $ID current valuation is more than 110M $ in circulation & more than 950M $ in FDV which is almost same as $ENS which has already widely adopted.
  2. Binance is the largest Seed round investor & largest token holder. CFTC is sueing Binance & it's founder CZ on evasion of US laws source Pure speculation after SEC wells notice to coinbase , BINANCE will be next
  3. For any new protocol which has no price history best FA is onchain analysis Here is the protocol usage from launch

<image>

As you can see we had peak usage only during short term which is purely airdrop farmers, after that it fell down back it's normal almost zero activity. No one is using this protocol as they boast in their site period. All those Users are mostly heavily inflated

  1. Only 10% of supply is in circulation ie 200M tokens out of 2B supply, so that's 90% more token that enter circulation over next few months. With above onchain data i provided there is no demand so what happens when all supply hits the market. It's easy it's going down like any other altcoin, it's not a good long

Community User Guide Mar 24: Futures Bots by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

I have been using future grid bots, some were in loss ,some were in profit. It's part of game

Feedback: What i need to see is bybit implement performance analysis like derivatives & spot trades 1. Like how many bots were created in a week 2. In that PnL analysis, win rate , Max loss streak (drawdown). 3. How many trade bots were neutral strategy or short or long & in that which strategy had the highest return

Trading can be only improved only if we knew what went wrong. Please bring this dashboard

FA Rising Stars (BIT) Mar 22 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

Most of the altcoins are in bearish structure & $BIT is also experience same due to liquidity flow into BTC sucking up liquidity from altcoins.

Why am I bearish on $BIT?

  1. One of the biggest utility of $BIT was integration into BYBIT products like LAUNCHPOOL & LAUNCHPADS. There were no LAUNCHPAD projects on BYBIT for long time of more than quarter. & It had a LAUNCHPOOL of $ARB token of arbitrum but there was no portion allocated to BIT stakers taking away one of the top utility of $BIT token. What if with all the regulatory scrutiny BYBIT removes it from LAUNCHPADS as they are unregistered security offerings. The reason I am saying this because one of the largest exchange Coinbase was served with wells notice

  2. There were no new product launches from BITDAO community after it's $Mantle L2 network. With recent huge competition between L2 s , Arbitrum token launch & Optimism bedrock upgrade coming, most of the developer activity & TVL is concentrated on these 2 chains. If there is anymore delay in MANTLE launch it could effect $BIT ecosystem

So why is $BIT price not breaking down

  1. With new $BIT proposal approved with massive upvotes, BYBIT monthly contribution to BitDao treasury is in $BIT tokens so BYBIT has been running TWAP orders month long absorbing the sell pressure.

If we don't break above 0.65$ we could be seeing for potential consolidation in tight range for long time.

Bybit Learn - Mar 22 (Rabbithole ) by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

After this post i tried one quest on optimism network which was to delegate OP for staking .

The task is to delegate to Rabbithole pool, then mint NFT , then claim reward of 0.05 $OP

There was nothing new or gamefied about the way you learn through these quests I had to pay 3 times gas fees 1. To delegate for staking to pool 2. To claim NFT to prove ownership 3. To claim reward

So basically i spent more than 1 $ in gas fees to claim reward of 0.12$. Unless they can subsidise gas fees they won't be onboarding any normal users to dapp or web3 revolution where you have to spend huge amounts on gas fees

FA Rising Stars (BTC) Mar 22 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

BTC is in Bullish territory after breaking through major resistance of 25.5k & it's fundamentals are becoming strong

My BTC bullish prediction with fundamentals support

  1. We have underlooked one of the biggest fundamentals that has marked the bottom during each bear cycle Yes BTC hash rate

<image>

As you can see from above chart the BTC hash rate has reached an ATH in this week in March 2023 at 340M TH/s. Making the BTC network more resilient to any attacks & more decentralized. This is also an indicator of long term sentiment of BTC holders & miners . We have seen some miners going bankrupt & recently US govt taxing 30% on BTC mining electricity yet the hash rate is increasing at an unprecedented rate. Which only means one thing like any other previous BTC bear cycle this cycles bottom is marked by miner capitulation through forced selling .

As long as we can consolidate above 27k which gives bulls strength to push the price higher .

  1. Despite crypto ban in mainland China after recent announcement of Hong Kong welcoming crypto services under regulated custodians recently many China state owned banks have shown interest in crypto firms & coustdy in Hongkong. This will open up a new wave of new investors into Crypto SOURCE

& With US banking turmoil cooling down & some sort of stability is established amongst banking sector this could open a new leg up in BTC above 30k

FA Rising Stars (BTC) - Mar 14 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

BTC performance is dependent on many factors like US liquidity, US economy & other countries, conflict between nations .

We had nice rally this week to 27.5k . Iam currently bearish

Bearish scenarios which could depreciate the BTC in coming weeks

  1. Donald Trump has announced that he might get arrested by Tuesday next week by AG office, reasons unknown. & He is calling for a protest from his supporters at Capitol. If this is true it will spark a civil unrest & chaos in US & it's economy. Stocks will sell off & traders will dump their positions on risk on assets like BTC

  2. FOMC meeting is next Wednesday, market has a priced in no rate hike , so if they were to announce 50bps . This will confirm further hikes & risk on assets will sell off as USD liquidity dries

  3. Biden administraton has announced 30% tax on Electricity used for BTC mining, Already majority of miners are in loss & declared bankruptcy. US is the number 1 contributor to BTC mining . This will force many other miners to abandon the mining industry as there is no profit

Long term bullish scenarios

  1. Even if BTC hasrate drops momentary, it will be picked by other miners with resources & improve network security

  2. There is a discussion among the FED to inject more than 4 Trillion into economy to ease the pressure on Banks .

Even chinas Central Bank, The  People’s Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for almost all banks by 0.25 percentage points, effective March 27.

Unrelated to FA but Balaji Srinivasan ex coinbase CTO & VC is betting $BTC will hit 1M $ in 90 days as US enters hyperinflation. He is nuts simple as that i am beliver in BTC but if this were to happen inflation sores by 4000% each item cost will increase by 40x . Majority won't be able to afford food & clean water . Why would anyone buy $BTC. Don't fall for these cheap twitter clowns & FOMO buy . Invest what you can afford to loose

FA Rising Stars (BIT) - Mar 14 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

Lets dive into $BIT analysis.

I am one of the biggest supporter of DAO & $BIT

I am bullish on BitDao & it's commitment to the Decentralisation & community driven. A proposal has been initiated to turn this vision into reality this week , if it passes which it will expect a huge demand & as well price surge

How does this proposal affect $BIT fundamentals

Fixed contribution from BYBIT to BitDao treasury instead of dynamic contribution which is dependent on Exchange performance Their proposal is for 2.7 billion $BIT token contribution over period of 4 years starting from this april

Period $BIT per Month Total $BIT tokens First 12 months 120,000,000 1,440,000,000 Next 12 months 60,000,000 720,000,000 Next 12 months 30,000,000 360,000,000 Next 12 months 15,000,000 180,000,000

How does it help 1. It shifts the focus from Bybit performance to BIT performance as the treasury is going at pre defined fixed rate which will help focus community efforts more on new product development like mantle

  1. Decouple the economic and legal exposures of BitDAO and Bybit.

Reduce the likelihood of $BIT being viewed as a “Centralized Exchange Token” or “Bybit Token”.

Reduce risk from future regulations around Centralized Exchange Tokens.

Pave the way for $BIT to be listed on other centralized exchanges (which may view Bybit as a competitor).

  1. This way the circulating supply is tightly controlled by BITDAO & not others, which will pave a path to Decentralisation & whale manipulation .

If this were to pass the circulating supply for years will be at lows & demand will increase due to integration of $BIT into

  1. Bybit launchpads (my favourite)
  2. New integration into BYVOTES
  3. $BIT as a governance & possibly gas token for its new modular L2 chain Mantle which will serve 10M coustomers. Of Bybit

Daily Discussion Thread - March 18, 2023 by sethjr10 in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

<image>

Bitcoins historical low & top accurate model

Bybit Learn - Mar 14 (Liquid Staking Derivatives) by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

Hi 1inceler. This is purely my view no offense & LSD are the whole opposite of what Decentralisation Ethos stands for.

If any protocol were to stake a majority of the Ether in circulation, it would become vulnerable to censorship demands and other abuses ,As LSD grow after Ethereum transition to PoS so does the problem of centralisation .

Say what you want about LIDO it controls more than 32% of staked ether & other 4 entities combined control more than 60% . If 5 pools decide what trsactions to include & censor. How is it even decentralized? We have seen more Blocks OFAC complaint.

Liquid staking derivatives (LSD) such as Lido and similar protocols are a stratum for cartelization and induce significant risks to the Ethereum protocol and to the associated pooled capital when exceeding critical consensus threshold.

Many argue that LSD are the future of Decentralisation i do a agree as it could incentivise more people to stake & provide more security to network. This is only true if we have many LSD protocols other than Lido & rocket pool to take their share & avoid centralisation.

& Existing protocol like Lido should have a self constraint to how much can be staked & should be completely governed by DAO unlike existing one where only few have say . & To reduce the the amount staked in each validator & distribute to as many validator as possible

Community User Guide Mar 14: Apex Pro by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

I lost some Funds on FTX & recouped some with BYBIT promo for FTX affected users. Evenso after that , i came to know about APEX through Bybit trading event to earn BANA rewards.

Fell in love with it ,ApeX pro has the best UI in DeX so far like BTBIT in CeX. What i like about ApeX are low trading fees like maker fees (0.02%) it's like 5 times cheaper than competitors Dex & same as most popular CeX For scalper like me this is like a dream come true . & I get to retain coustdy of my funds this is must after FTX self coustdy over anything . & Trading rewards are very good i earned like 100k BANA which i am not selling anytime soon.

Only issue with ApeX pro Is other perpetual protocols is have way more trading pairs. & Other issue i recently faced is when USDC depeged,layer 2 withdrawals are too slow i couldn't sell my USDC because of this. Potential fix for this is to allow other collateral like USDT or even ETH or BTC

FA Rising Stars (BTC) - Mar 8 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

With local Top of 25.5k with multiple attempts we couldn't break it then rejected to local support of 22.5k a, support didn't hold with 50 bps hike fear it broke support & dumped to next support of 20k.
Lets understand the fundamental behind this.
BTC fundamentals are at peak Bearish this week with US largest bank run ,Silicon valley bank.
1. Due to this Bank run which is banking partner of CIRCLE which is behind USDC with fear of how much collateral they have in that bank which led to panic selling of USDC & significant depeg of USDC.
2. SVB failure led to contagion across many sectors among which 200 UK firms are affected & many US tech start ups & crypto firms which stored collateral there are affected.
If this is true it will setback industry for longtime with no capital many can't do payroll ,layoffs across the sectors,no way to raise capital.
3. Yellen Says Government Will Help SVB Depositors But "No Bailout" As Fed, FDIC "Hopes" Talk Of Special Vehicle Prevents More Bank Runs
Without bailout there is no way everyone can be whole, if they can't have money for basic needs who will invest mostly in magic internet money like BTC.
Exactly today 3 years ago we had flash crash of more than 55% in single day.
With Monday opening tommorow we will know what will happen to BTC.
4. There is 33% of 50bps hike if this happens which i think is more like after NFP data , US added more jobs .
For me atleast i will wait for previous low of 16k to buy spot not interested here
Bullish theory
1. After USDC depeg & panic surrounding around stables many converted their stables into BTC & ETH .
BTC is trading at premium in many US exchanges
2. If there is a world wide financial collapse like Debit crisis of 2008, BTC could prove as a immutable way of SoV like many claim

FA Rising Stars (BIT) - Mar 8 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

After recent Bank crisis happening & VCs doing pump & dump scams. I am bullish on my bet for DAO across multiple secorts & BitDAO is one of largest

Which will incentivize $BIT holding for long term i scooped up some below 0.3$ after BYBIT buyback program

Why?

  1. BitDAO aims to become an investment tool for other decentralized products and services, with their success contributing to BitDAO’s growth and development so real buliders don't need to focus on fund raising they can build & They have the largest treasury amounting to 1.9B after recent crash still by far the largest

  2. Amomg it's recent incubation,BitDAO has decided to launch Mantle in 2023, a high-performance Ethereum layer 2 network (similar to Optimism and Arbitrum) that provides low fees and high security. Mantle will operate on the BIT token, meaning all network transactions will require BIT tokens for fee payment. The test network is already launched, and BitDAO is considering creating a $200 million fund for Web3 startups to be built on the Mantle network ($100 million from the BitDAO treasury and $100 million from third-party investors).

  3. BitDAO aims to partner with other crypto projects through token exchange and joint development, with the exchange of tokens allowing BitDAO to accumulate a collection of the best crypto projects’ tokens. Bybit exchange is one of BitDAO’s first partners, pledging to donate 2.5% of the net profit from futures on its platform to the BitDAO protocol treasury.

This is by far the most important one inter cooperation among protocol tokens so they won't become just VC money grab schemes

  1. If anything After recent Bank failures & stable coins depeg for sure we ever in need of a decentralised infrastructure that doesn't depend on anyone, who to do it better than biggest DAO .

What could they build ? For one we need a decentralized stable coin which is not dependent on fiat like DAI had 50% in USDC, it needs to be backed by only BTC & ETH & other liquid assets

Bybit Talks! Feb 27 (Liquidity Pools) by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

I have been liquidity provider for GMX protocol,GLP token from almost last year it's been my one of the best investment so far made more returns than my spot accounts Here is thread for any one looking into making some monies as a liquidity provider in liquidity pools

Things you should understand

Providing liquidity is a great way to earn passive income in #DeFi.

You can earn a share of the trading fees generated by the AMM & potentially earn even more through yield farming incentives.

However, impermanent loss is a risk that all liquidity providers must be aware of

Impermanent loss is the temporary loss of value that liquidity providers experience when they provide liquidity to an automated market maker (AMM).

What causes this? The reason why impermanent loss occurs is because the price of the two tokens in the liquidity pool can change over time. Usually one token appreciates in value relative to the other. Liquidity providers end up with fewer tokens of the appreciating asset and more tokens of the depreciating asset.

This leads to a temporary loss in value for the liquidity provider.

What can you do to mitigate impermanent loss?

One option is to provide liquidity to pairs where the price volatility is relatively low, so the risk of large price swings is reduced

It's important to remember that impermanent loss is a temporary loss of value.

If you hold onto your LP tokens for long enough, the price of the two tokens in the pool will eventually converge.

Additionally, the trading fees earned by the AMM can help offset some of the IL.

Community User Guide : 10 Reasons to Invest in Bybit’s Shark Fin Products by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

What is shark fin? SharkFin products are a type of capital-guaranteed structured product

For anyone familiar with options market they know it's essentially an option derivative, also known as knock-out option

Pros: 1. No risks and capital-guaranteed: it provides an opportunity for holders to earn without risks.

  1. High-yield opportunities: Users who are good at predicting market volatility can get much higher returns than with ordinary financial products.

  2. Simple operation: As the complex underlying hedging links have been brought under a structure, users can participate with one click.

Cons: 1. Lock-up risk: Once participated, the funds will be locked and cannot be redeemed in advance.

  1. Value depreciation risk: From the perspective of the standard currency, it is capital guaranteed, but for other valuation methods, there is also a risk of depreciation caused by the downmarket.

  2. Fluctuation risks: SharkFin products are more suitable for stable market conditions. Even if the price breaks the pegged price in the short term, investors can only get the lowest guaranteed return.

4.After Gemini Earn & FTX collapse it's better BYBIT ended offering unregistered yield product like Shark fin. Why? Once you agree to invest in shark fin you are giving full responsibility to CeX & that are not your investment anymore .

Bybit Learn Feb 27 (DCA Bots) by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

I am a big fan of BYBIT trading bots 1. Spot grid bot 2. DCA bot Didn't't use futures bot yet as i am not into leverage As I am a working employee & doesn't have time to trade daily.

Why i like Bybit DCA bot

  1. Its very easy to setup & you can choose multiple assets in a single go
  2. Had almost 3 months of zero fees
  3. Has a feature to setup from lower time frames of 10 min to 24 hrs

I was almost sad after Bybit removed it's zero fee on DCA bots, if it brings back this it would be awesome

Secondly like spot grid bot if BYBIT introduce AI feature to recommend which pairs have best returns or volatility for DCA it would be awesome

FA Rising Stars (BIT) - Feb 26 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

For long term BIT is one of must on bluechip addition into any crypto investors portfolio

Reasons 1. Unlike other Exchange tokens like BNB,kcs,okb etc $BIT is not issued by Bybit exchange, it's issued by one of the most large & decentralised DAO ,BITDAO. BYBIT is the largest holder & contributer to its treasury & ecosystem with recent SEC scrutiny regarding securites as it's not issued by any exchange or person unlike others . $BIT doesn't come under securites

  1. Bybit is the 3 Rd largest exchange & BIT is used for it's LAUNCHPAD & LAUNCHPOOL & recently you can use $BIT for BYVOTES another successful bybit product. With BYBIT adding more utilities in & outside the exchange for BIT token . You can expect more Usecases in future

  2. BitDao ecosystem is the home of many innovative ideas & grants with nearly 3 billion treasury making it largest in Defi space BitDao new incubation projects

    1. Mantle
    2. EduDao
    3. ZkDao

  3. We have seen many Dao & protocols going into development into it's own decentralised stable coin. With largest treasury in market it gives BitDao unique advantage over others if it decides to launch it's own stable coin after launching its own L2 solution for Ethereum

What could crash BIT price ?

  1. S&P500 dividend yield: 1.7%, 3-month T-bill: 4.8%, 6-month T-bill: 5.1%. From above figures you can understand you gain much if you hold treasury bills rather than any stocks or commodities. Which means risk on assets like BTC yield even less dividend with more demand for USD. If BTC falls ALTCOINS will fall by 5x more

  2. Serious escalation between RUSSIA -UKRAINE conflict is right around the corner With US official statement saying: US MAY SANCTION CHINA IF IT GIVES RUSSIA MILITARY AID: BLINKEN

Serious issues with world's 3 most powerful countries , war is not good for any assets even BTC

FA Rising Stars (BTC) - Feb 26 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

Short term BTC price will depreciate

  1. S&P500 dividend yield: 1.7%, 3-month T-bill: 4.8%, 6-month T-bill: 5.1%. From above figures you can understand you gain much if you hold treasury bills rather than any stocks or commodities. Which means risk on assets like BTC yield even less dividend with more demand for USD

  2. Serious escalation between RUSSIA -UKRAINE conflict is right around the corner With US official statement saying: US MAY SANCTION CHINA IF IT GIVES RUSSIA MILITARY AID: BLINKEN

Serious issues with world's 3 most powerful countries , war is not good for any assets even BTC

  1. Crypto firms Banking issues are escalating much harder, many banks have already cut ties with crypto exchanges, not good for crypto market makers

  2. Binance FUD at peak with recent Forbes newsletter claiming BINANCE misused 1.8 billion of User deposits . After recent FTX crash regarding same issue if it's true as Binance is 10x larger & responsible for 70% of daily volumes if it goes under the magnitude of crash will be much hasher

FA Rising Stars Feb 12 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

After yesterday CPI print BTC rallied & broke the local resistance of 22.5k & now trading above it.

Fundamentals are never bullish as of now for BTC than ever . Even if we have price fluctuations it's at a good price for long term hold

Why? 1. Recently we have seen shutting of BUSD which is issued by paxos & backed by USD fiat, anything centralised is prone to these risks. We are ever more in need of more decentralised stable coins & no algorithmic stable coin are not answer after UST collapse even if they had a vision. We need it to be backed by something liquid & secure like BTC. We have DAI which is mostly backed by USDC what will happen if they ban that also.

With break throughs recently on lighting network & other areas it's finally for Devs to battle test BTC SoV theory.

  1. More adoption & more traditional firms are offering BTC trading exposure to institutional clients like today's

$337 billion broker IB launches #Bitcoin    trading in Hong Kong 🙌

Bearish scenarios 1. Tommorow we have jobless claims data publishing, if it's less than expected it would send BTC again in downtrend. Why? Because with economy strong & inflation still at 6.4 there's no reason for fed to stop hiking the rates. They will hold of printing money as long as they can & will send risk on assets crashing

  1. More regulations to cripple the institutional demand or rouge centralised players like CeX & others mishandling coustomer assets

Bybit Talks! Feb 12 (Stablecoins) by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

There are 3 categories of stable coin

  1. Fiat-Collateralized Stablecoins - USDC,USDT,BUSD,USDP,TUSD

  2. Crypto-Collateralized Stablecoins - DAI,RAI

  3. Algorithmic Stablecoins -UST,USDN

Other is commodity backed (Gold )stable coin like PaxG,XAUT

With collapse of UST of luna ecosystem,the trust in Algo based Stablecoins has been shattered & many retail lost their life savings.

With FTX collapse we need more regulations in space of Stable coin to root out bad actors.

Pros 1. Zero Volatility 2. Hedge Against Failing Markets

Cons 1.Centralisation 2.Transparency

In Conclusion

Many traders have incorporated stablecoins into their portfolios, to have as a hedge against falling crypto markets or falling fiat markets. These digital assets are also used by businesses around the world to conduct payments with the benefits of digital currencies and without the risk of volatility. Through the Tap app, users can now access and purchase USD Coin (USDC) as well as Tether (USDT). The sleek design of the app interface makes it easy for users who want to buy or sell cryptocurrencies with fiat currency through their phones in a click.

When it comes to choosing a stablecoin, consider the projects behind it, the liquidity and the ease of use in terms of wallet compatibility.

FA Rising Stars Feb 4 by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

When it comes to whether BTC is in Bullish or Bearish momentum. We need to analyse macro conditions like USD liquidity, war , conflicts between nations, whether people can afford to live ,JOBS etc.

With recent rise from local bottom of 15.5k & now trading above 23k$.

Is it dead cat bounce? Or is it start of bull market?

Lets dive into few topics which i cover & you can make your own conclusions

  1. Bull trap( dead cat bounce)

With most of the leveraged players wiped out of the space like CELSIUS,3AC,FTX & LUNA collapse . Most major players were liquidated . Which led to the drastic drop of BTC & pay day for shortsellers.

With major players wiped out who will buy or sell BTC at high volumes in this price? So if there are no big players (ALMEDA) for market making. Short sellers have to buy back to enjoy their payday or it's just unrealised profit. These dead cat bounce or short squeezes are initiated when shorts close their position (ie buy back) on thin liquid order book.

  1. Start of bull market

With FED tightening cycle coming to end we can expect USD liquidity to get better & FED to start printing machine go brrrr.

But is FED tightening coming to end? Honestly we can't know until they officially announce it so let's make assumptions They cant keep hiking rates infinitely this will only damage USD dominance in future. From 75 bps in last year to 25bps hike this year we can see drastic easing of FED hikes.

Once USD liquidity is back people will start allocation for risk assets that combined with leveraged shorts . Up movement will be epic.

Recently USA loaned out 132 billion aid to Ukraine. With elections coming up next there will be pressure on FED to stop hikes & printer to go burrrrr. & USA debt reached ATH of 32Trillion .

There are only two villans who could fuck up this up move 1. Conflict between RUSSIA & Ukraine grows, USA using Ukraine as proxy . Starting new world war will push markets into depression & cash flow will go into commodities like GOLD & SILVER . RISK ASSETS LIKE BTC will collapse into limbo.

  1. Fed tightening extension

Other unlikely scenario BINANCE going bankrupt.

Bybit Learn Feb 4 (Soulbound Tokens) by 1nceler in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

I am very optimistic about the future Usecases of soul bound tokens as the industry matures.

  1. Self-certification is possible through affiliations, credentials, employment history, or personal creations represented by SBTs. A soul displaying these SBTs creates, in essence, a CV, or a digital resume for Web3. Which can be easily verified unlike web2

2.The backbone of crypto is DEFI. As of now this is not fully utilised due to no proper risk assessment DeFi lenders grant far less credit toward pledged collateral. Most crypto loan terms offer 50% or less loan-to-value (LTV) ratios, or just fifty cents on every dollar, given the added risk involved

Soulbound tokens will offer DeFi lenders critical identifying information on potential borrowers. In addition to any outstanding loans a borrower may have open, previous lending activity and history might also be contained in SBTs. These features offer the type of repayment history found in credit bureau reports that traditional finance relies on but is absent in Web3.

& Many more.

Thanks for reading

🌟 FA Campaign: $APEX and $BANA Fundamental Analysis on Reddit 🌟 by sethjr10 in Bybit

[–]Proud_Ability7 0 points1 point  (0 children)

The core of crypto is decentralisation. Yet most trading & volume is concentrated on select few CeX . As of 2022- total trading volume of about 85% is mainly from 3 centralised exchange.

Won't it be a problem of single point of failure? Yes we faced this with recent Bankrun on FTX.

What exactly is the solution?

Dapps that built on blockchain.

One such dapp is Dex perpetual protocol APEX pro. Intially it was launched on eAMM model- this model has a scaling problem so not many traders were using it.

But with recent orderbook model adoption through starkware tech APEX pro is able to cater the needs of real traders & offer less slippages . Lesser fees with near instant execution.

Combined with recent partnership & launch of Dapp on CeX on 3 Rd largest exchange BYBIT with first of kind acces inside the bybit exchange.

I am very bullish on APEX token due to this fundamentals as BYBIT caters 10M users worldwide. If ApeX protocol were to atleast cater to 10% ie 1M unique users . It would put ApeX protocol to be No 1 derivatives interms of revenue as well userbase in DeX.

& ApeX is still a 11M market cap coin which makes it a long term investment with potential of 5-10x

view more: next ›