Connect with us

Blockchain

How to Become a Cryptocurrency Thought Leader on Twitter

Thought leading is a complicated profession. Thanks to the emergence of cryptocurrency, it has also been one of the fastest growing fields…

Republished by Plato

Published

on

Bernhard Mueller

Thought leading is a complicated profession. Thanks to the emergence of cryptocurrency, it has also been one of the fastest growing fields of the past decade. This article outlines simple rules to get you started on this rewarding career path. It doesn’t reflect the opinion of my employer.

Thought leaders exhibit extraordinary abilities, such as levitating objects, tricking minds, and seeing things before they happen.

The most beautiful thing about the Internet is that it gives equal opportunity to all: Even a stable boy from a remote planet can wield the power of thought leading as long as there’s WiFi. On the other hand, shaping cryptocurrency narratives in the minds of millions of people is not something one achieves without proper training. It’s an exasperating journey. You’ll find yourself fighting many a battle along the way — both against enemy thought leaders and your own internal demons. Here are some basic pointers to get you started.

Leverage your personal blend of expertise. You excel as a Monopoly player? Then you are qualified to speak on the complex, dynamic global interplay of monetary economics, world politics and financial markets. Think out of the box and don’t be afraid to explore new territories.

Twitter thought leaders have a knack for exploring new territories. Mainstream “experts” can go f*** themselves.
Exploit the inverse relationship between number of likes and complexity of the information conveyed.

The “keep-it-simple” rule also applies to humorous tweets. Avoid multi-layered approaches which will only confuse 99% of your audience. For instance, people sometimes say things in an overtly exaggerated ways but don’t actually mean it — this is called sarcasm. This doesn’t work in an environment where absurd claims are the norm. Avoid sarcasm on Crypto Twitter because there’s absolutely no way to tell if you’re being sarcastic or not.

It’s impossible to tell if you’re being serious on Crypto Twitter.

To reach the epitome of thought leadership consider crafting a tweetstorm and pinning it to your profile. A tweetstrom consists of you responding to yourself over and over again with cherrypicked numbers, charts, statistics, quotes and references that support your prefabricated opinion. Expect some trolling in the responses. Remember that only a select few possess the exceptional IQ and relentless objectivity you were gifted with at birth.

Nugget of wisdom 27d/66
  • Chart patterns. For example, when the price successfully tests the Fibonacci support line, the 5-day EMA breaks through the 90-day EMA and the RSI screams “oversold” then there’s a 50% probability that it will go even higher in some arbitrary timeframe. Besides the hard science there is also a psychological aspect: If enough traders expect a dinosaur to form on the candlestick chart it becomes a self-fulfilling prophecy.
By using patterns such as head-an-shoulders, Bart Simpson and a dinosaur you’ll be able to predict price movements with up to 50% accuracy.
  • External events. Take Chinese New Year for example: Literally billions of Chinese suddenly need cash for presents and booze. Where does all cash come from? That’s right, selling crypto. Conversely, when Wall Street bonuses are paid out, what will the bankers do? Buy tons of cocaine. And how does one pay for cocaine anonymously? That’s right, Monero.
  • Whether you like or dislike the coin. Price increases in coins you dislike are the result of manipulation by whales and stupidity of market participants and will only be sustained in the short term. Eventually the markets will realize their mistake and price in actual fundamentals. At that point, a special moon citadel for the super-rich will be built and guess who’ll be on the first space rocket.

Advise people to invest in your coin of choice but also mention that it’s not investment advice.

Not investment advice

Basic trolling is easy: Become a cryprocurrency maximalist of coin A, then do the exact opposite with respect to coin B (cryptocurrency negativist). The premise is as follows:

In comparison to A, which is a revolutionary gift to mankind, B is utterly irrelevant — a sad little flame, barely kept glimmering by paid shills and unsuspecting simpletons. Even though it’s hardly worth your time, you have taken up the arduous task of constantly tweeting about B. Your mission is to inform the unsuspecting public and perhaps save a misguided soul or two (those who don’t believe you will learn their lesson soon enough).

Adversarial thinking

It is difficult to point to concrete factors that separate the universally beloved adversarial thinker from an unpleasant jerk. Adding a sprinkle of irony and self-deprecation and dropping subtle hints at a good heart behind the scary surface will increase your chances of becoming a well-renowned adversarial thinker.

Trolling is a subtle art: The specimen shown on the left is universally beloved while the specimen on the right is universally disliked.
Bro, do you even lead thought? (credit: Haon)

TL;DR

Get Best Software Deals Directly In Your Inbox

Source: https://medium.com/coinmonks/how-to-become-a-cryptocurrency-thought-leader-on-twitter-f10ac1c26488?source=rss——-8—————–cryptocurrency

Blockchain

Bybit to Cease Services for UK Citizens Following the FCA Ban on Crypto Derivatives Trading

Republished by Plato

Published

on

The first consequences from the FCA ban on crypto derivatives trading in the UK are evident for the popular digital asset exchange Bybit. The company announced earlier that it will suspend its services to all customers based in the United Kingdom. 

  • Established in 2018, Bybit is a cryptocurrency exchange headquartered in Singapore with a reported user base of over one million registered clients. However, the firm will seize offering its services to UK-based customers, according to a recent press release
  • The statement informed that all UK users have to close all of their opened positions and withdraw all account balances by 8 AM UTC, March 31st, 2021. Following that date, UK citizens will be “restricted from accessing or performing any trading activities on Bybit.” 
  • Furthermore, the exchange will immediately restrict all new registrations using UK mobile numbers and/or IP addresses. 
  • Bybit’s decision is a direct consequence of a ban on crypto derivatives trading in the UK instituted by the country’s regulator – the Financial Conduct Authority (FCA). 
  • CryptoPotato reported last year that the watchdog planned to prohibit the sale, marketing, and distribution to all retail customers of crypto derivatives and exchange-traded notes (ETNs).  
  • At the time, the FCA described such products as “ill-suited for retail customers due to the harm they pose.” It also outlined that traders are unable to determine a reliable value because of the extreme volatility in the market and inadequate understanding. 
  • Interestingly, though, even the UK population couldn’t stop the FCA from implementing the ban as a survey compiled by the watchdog suggested that over 97% disagreed with the decision. 
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://cryptopotato.com/bybit-to-cease-services-for-uk-citizens-following-the-fca-ban-on-crypto-derivatives-trading/

Continue Reading

Blockchain

PAID Crashes 70% In Minutes as Network Purportedly Exploited

Republished by Plato

Published

on

PAID Network, one of the most popular Initial DEX Offerings (IDOs) that took place on Polkastarter’s platform a while ago and brought tremendous returns to private sale investors, is going through what seems as a massive attack.

  • PAID Network, one of the most popular and heavily promoted IDOs that brought massive returns to private sale investors, seems to have been exploited.
  • Multiple reports on social media point towards the exploit.
  • It appears that over 59 million PAID tokens were minted and sold through Uniswap.
  • This resulted in the price of the token taking a nosedive and decreasing by more than 80% in minutes.
paidchart
PAID/USD. Source: Dextools
  • At the time of this writing, the team hasn’t come up with an official statement.
  • Many in the cryptocurrency community speculate that this is a rug pull as the owner of the contract had the capability to mint new tokens.
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://cryptopotato.com/paid-crashes-70-in-minutes-as-network-purportedly-exploited/

Continue Reading

Blockchain

Bitcoin Losing the $50K Mark, Entering Bearish March: The Weekly Crypto Recap

Republished by Plato

Published

on

This week was tough across the board, not just in the cryptocurrency market. It was marked by a serious correlation between Bitcoin and the S&P 500, as well as the entire legacy market, in general.

As CryptoPotato reported, the abovementioned correlation reached a 5-month high. While this seems to be bearish in the short term, given that the stock market slumped following government bond yield that gave the market a jolt, there’s also a bullish argument to be made.

Last weekend, the US House of Representatives passed President Biden’s $1.9 trillion COVID-19 Relief Package, which also got a 51-50 approval vote in the senate. Should the legislation become effective, it could be the case that markets will recover. Given the high correlation, this might also play out positively for Bitcoin and the cryptocurrency market as well.

Nevertheless, the week wasn’t favorable for the market as the primary cryptocurrency, as well as the majority of large-cap altcoins, remained indecisive and failed to regain the momentum they previously had. Presently, Bitcoin is trading at around $49,000. Historically, March has been one of the two most bearish months for Bitcoin, on par only with September. After all, we did see Bitcoin drop by 50% in 2 days last March upon the announcement of the coronavirus pandemic.

Elsewhere, major news took place all over. Binance Smart Chain saw its first major rug pull as Meerkat Finance saw its protocol drained of over $30 million in both Binance Coin and BUSD.

We saw developments in regard to the BitMEX – CFTC fiasco. In a recent filing, it was revealed that the former CEO of the derivatives exchange, Arthur Hayes, could surrender to US authorities in Hawaii this April.

On the more positive and funny side, Mark Cuban’s Dallas Mavericks announced that they would start accepting Dogecoin as a means of payment for tickets and merchandise. The billionaire celebrity gave the most earth-shattering explanation for the move, saying they did it “because we can.”

It’s certainly interesting to see how the global macroeconomic outlook will pan out in the coming days. Will the markets start to recover, or is there more pain ahead? Only time will tell.

Market Data

Market Cap: $1,444B | 24H Vol: 130B | BTC Dominance: 60.7%

BTC: $48,959 (+2.94%) | ETH: $1,531 (+0.38%) | XRP: $0.462 (+3.89%)

Bitcoin Correlation With S&P 500 at 5-Month High: Is This Bearish for BTC? Data reveals that the correlation between the S&P 500 and Bitcoin’s price has hit a 5-month high. This was clearly confirmed over the past week as the cryptocurrency is following the traditional stock market very closely.

US House Passes $1.9 Trillion COVID-19 Relief Package, $1,400 Direct Check Provisions Included. The US House of Representatives has passed President Biden’s $1.9 trillion stimulus bill the past weekend. The Senate also voted 51-50 to proceed with the regulation. If successful, this will see another financial injection into the US economy.

First Major Rug Pull on Binance Smart Chain? Over $30 Million Drained. Meerkat Finance might have been the very first major rug pull on the novel Binance Smart Chain. The protocol saw over $30 million drained from it in what appears to be a rug pull. The community was taken ablaze as many people lost a lot of money.

Former BitMEX CEO Arthur Hayes Could Surrender in Hawaii in April. The former CEO of BitMEX and one of the most influential figures in the cryptocurrency industry, Arthur Hayes, could surrender to US authorities in April in Hawai. This became clear after new court documents were filed.

Mark Cuban’s Dallas Mavericks to Accept Dogecoin Payments. The Dallas Mavericks – an NBA team owned by famous billionaire and Shark Tank star Mark Cuban, will be accepting Dogecoin payments for tickets and merchandise. This became clear after a recent announcement where Cuban gave an astonishing reason for the move – “Because we can!.”

Tim Draper Handpicks Netflix as the Next Company to Purchase Bitcoin. According to one of the most popular venture capitalists in the cryptocurrency field, Tim Draper, the next major company to buy Bitcoin might be the streaming giant Netflix. He believes that the company’s co-CEO is the guy in control, and he thinks he’s an “innovative guy.”

Charts

This week we have a chart analysis of Bitcoin, Ethereum, Ripple, Polkadot, and Cardano – click here for the full price analysis.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://cryptopotato.com/107410-2/

Continue Reading
Blockchain4 days ago

Why Mark Cuban is looking forward to Ethereum’s use cases

Blockchain3 days ago

Amplifying Her Voice

Blockchain3 days ago

Libra Coin – A New Digital Currency Developed by FACEBOOK

Blockchain4 days ago

The Sony PlayStation 5 Game Console Mining Ethereum with almost 100 MH/s is Not True!

Blockchain3 days ago

Blockchain in Sports Betting

Blockchain3 days ago

Bitcoin Halving: Definitive Guide (In Just 5 Minutes)

Blockchain3 days ago

DeFi token CRV spikes after reports PayPal acquired unrelated custody firm Curv

Blockchain2 days ago

Will Netflix soon buy bitcoin?

Blockchain3 days ago

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

Blockchain2 days ago

3 key Ethereum price metrics show pro traders are aiming for $2K ETH

Blockchain1 day ago

Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

Blockchain1 day ago

XRP Price Analysis: 04 March

Blockchain3 days ago

The Hard Sell

Blockchain2 days ago

Bitcoin HODL Waves Suggest Bull Run Has Barely Started

Blockchain20 hours ago

How to Protect Yourself from the Cryptojacking Threat

Blockchain3 days ago

Da Vinci Capital Reportedly Requests $100 Million from Telegram for TON’s Failure

Blockchain2 days ago

Ethereum’s price prospects: What you need to know

Blockchain2 days ago

Ripple is committed to San Francisco, says co-founder Chris Larsen

Blockchain1 day ago

BitGo To Introduce Crypto Custodial Services To New York Clients

Blockchain3 days ago

Mainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time high

Trending