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1

Trading / BTC Hovering around $11,000, Watch this video for lower risks!

« on: September 19, 2020, 09:23:22 AM »

The rebound is on! 
#BTC Hovering around $11,000, 
Watch this video for lower risks!

2

Crypto Discussion / Stealing Bitcoin's limelight? New DeFi Trends to Watch Out

« on: September 17, 2020, 11:02:54 AM »

BitOffer Institute

While this year marks a crucial time for bitcoin as it is the third time of the Bitcoin halving, also an important year for the launch of Ethereum 2.0. However, the hottest topic at present is DeFi. So far, DeFi's lockup volume has exceeded $8.5 billion, with a total value of over $350 billion, is a very small percentage in the crypto market, which is only a quarter of bitcoin's total market value, so there's a lot of space for DeFi to grow in the future.


Compared with CeFi, DeFi's current size is negligible, considering that traditional derivatives have a market of billions and the total digital currency is only 1% of it. If we move the entire CeFi financial application to DeFi, we believe that DeFi must be the next trillion market for cryptocurrencies.


In the enlightenment in the last round of encryption DeFi fame will leave the two factors, one is the value of the currency, found that the currency market capitalization trillion-dollar, was building consensus in the financial market, make people recognize the value of it, became a store of value and value flow of assets, has become the first important underlying assets of the digital age, become the digital gold.


In the last round of the Encryption Enlightenment, DeFi's popularity stemmed from two factors:


The first is that the value of Bitcoin is beginning to become widely known. The total market value of Bitcoin has exceeded one trillion, establishing a consensus in the entire financial market and making people recognize its value. It has officially become an asset of value storage and value flow, and the first important primary asset in the digital era, becoming digital gold.



The second is that Ethereum brings digital currency into the 2.0 era, namely the rise of the smart contract. The smart contract platform based on ETH can construct various complex logic financial products, which is suitable for the development of open finance with various ways of playing. In addition to CeFi's complex process, low efficiency, and high barriers to participation, DeFi quickly gained popularity due to its decentralized, efficient, fast, easy to operate, and anonymous features.


DeFi currently has around 400,000 users, representing 1% of the total number of users in the encryption space. Specifically, in the DeFi project, Uniswap currently has about 280,000 users. There are over 50,000 users at Compound, close to 20,000 at Maker, and less than 10,000 at Synthetix.


In terms of user size, DeFi as a whole is still in a very niche stage, although it seems to be booming recently in terms of liquidity mining, online exchanges, futures, options, and so on. And although the participation threshold of DeFi is very low, use the threshold is very high, for most users, however, compare with the registered steps, the key management, wallet interactions with the agreement, which also involves borrowing, trade, mining, synthetic property all sorts of more complex interactions, such as various arbitrage strategy, mining strategy... that's too difficult for ordinary users.


Especially for new investors, just to register the wallet and manage the secret key, recharge mortgage has been very complex already, and then to understand the trading logic, liquidity mining, and assets... This strategy may not seem like a big deal to the core investors, but it is a huge headache to most ordinary individual investors.


In addition to the high barriers, DeFi also has a large interest rate fluctuation, which makes it difficult for users to choose which platform to use to provide liquidity. This lays the foundation for the emergence of aggregators and is expected to be the next trend for DeFi. It gives users direction and makes it easier for them to participate in DeFi without worrying about complex operations, high costs, selection, security, etc. It only needs one click and all the work is left to the bottom layer of the aggregator, making mobility easier.

The presence of the aggregator helps drive the development of DeFi, and the popularity of DeFi will drive the price of ETH to go up, most likely to a new high in the short term, so now is the perfect time to buy ETH. However, buying BitOffer's Ethereum ETF Ethereum is better than buying a future, in which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times. If Ethereum manages to outperform Bitcoin by 50 times, the Ethereum ETF could rise by as much as 850 times. At that point, you will have truly achieved financial freedom and reached the top of your life.

3

Crypto Discussion / BTC Rebound!!!!! $11,000 resistance was heavy!

« on: September 17, 2020, 04:15:50 AM »

Bitcoin rebound again,
MA60 Still the Crucial Level
Could BTC stand firm above $11,000?
Watch this video for more clues!


---


My video about Hedging:
https://youtu.be/eZxEln4H0Ic
My video compares September with March:
https://youtu.be/dyZuUEOEiug


Social Media for more info:
Twitter: https://twitter.com/CiciinCrypto
Uptrend: https://www.uptrennd.com/user/MTI1ODk2


Hedging on BitOffer
My referral ID: 007RTX
BitOffer official website: https://www.bitoffer.com

4

Crypto Discussion / Re: Will ETH prices rise when its network usage at a historical high？

« on: September 15, 2020, 04:02:21 AM »

The price of ETH will increase, as will the price of gas. This is the ultimate reality. But if everything goes to the gas price, then those who will do the transaction, what will they have. But I think its plan will change for the better. So I think there should be good thinking about gas price.
But I'm still not sure how eth 2.0 will work. So I'm optimistic that something good will happen.

5

Crypto Discussion / Bitcoin Average -7% Return, Dual-Currency the only profitable product this Month

« on: September 10, 2020, 02:47:58 PM »

BitOffer Institute

Recently, market released a cryptocurrency volatility report, which pointed out that September was basically Bitcoin's worst month in history, that leading a negative return for investors. Historically, September was indeed the worst month for the Bitcoin market, with an average return around -7%. At this situation, only the Dual-Currency remain a satisfying perform.

Although the market report remains bearish on Bitcoin in the short term, the report also gives investors lit some glimmers of hope. From the point of data analysis, in the past twelve months of currency supply share not happen too big change, and according to the market analysis of first two halving from the historical data, this trend heralds a new bull market is coming.

Judging by past data, the cryptographic market is likely to face heavy volatility in the coming months, which will be generating huge gains for investors. However, September was the lowest month in history for equalization volatility, which means Bitcoin won't see significant volatility until at least the fourth quarter of 2020.

However, the analysis is not an accurate predictor of the future, and it has had its moments of misprediction. The market report had predicted a 50%-200% rebound in Bitcoin prices on August 10, with the price trading between $11,500 and $12,000, but it plunged to the $11,000 range that day, with a drop of nearly 20%.

The correlation between Bitcoin and Gold hit a record high of 0.97 in August, but then sharply fallen to 0.25. According to the news of Bloomberg on September 9, the correlation between Bitcoin and Gold reached 0.8 at the highest level since 2010. If gold stays above $1,900, and Bitcoin is expected to stay above $10,000, then the investors can predict the price of Bitcoin based on the price of Gold.

The settlement comparison between the Gold(over-the-counter market) and Bitcoin proves that people have begun to regard Bitcoin as a store of value. Firstly, Bitcoin is a digital product with the highest return on investment in the past 10 years. Secondly, it has significant advantages over Gold, such as substitutability, liquidity, anonymity, non-tampering and more convenient to trade.

Throughout the first week of September, the Bitcoin had lower returns than other months, with investors generally earning negative returns in both futures and options. However, data from BitOffer Exchange showed that in September, the trading volume of Bitcoin's derivative Dual-Currency got surged, and the quota linked to different prices every day was snapped up and sold out. It became the most popular Bitcoin product among investors and the only one among the Bitcoin products that brought positive income to users.

Lucian, the chief analyst at BitOffer, believes the reason that Dual-Currency stood out from the broader market in September is related to the way it is settled. It uses USDT and BTC's dual-currency settlement method. Purchase today then the expiration follows on tomorrow, users can get about 1% of the income whether the Bitcoin goes up or down. When the Bitcoin goes up the investor will get USDT for return, when the Bitcoin goes down then the investor will get BTC for return. Especially in the sideways, there is a very low-profit rate at futures and contracts, the Dual-Currency shows its advantage. After all, 1% a day is so tempting to many investors, however, its daily quota is limited which need to snap it up.

6

Crypto Discussion / WARNING! BTC Repeats the movement in March! Another Corona Decline?

« on: September 09, 2020, 03:07:33 PM »

We all know the story of Bitcoin back in March...
What about the new story in September?
A repeat of March forthcoming???
Watch this video to save your money!

7

Crypto Discussion / BitOffer Institute: YFI, expected to surpass Bitcoin and first go to $100,000

« on: September 03, 2020, 03:14:17 PM »

Recently, after the launch, YFI attracted a lot of attention from investors. In a very short time, its price surpassed Bitcoin, reaching a peak of $44,000, more than double the price of Bitcoin at its peak. This is the first time bitcoin has been surpassed by other tokens since the blockchain was created in 2009. What's the reason behind YFI's price surge? Which token will break $100,000 first, YFI or Bitcoin?

YFI is the token of Yearn, as a reward to the people who use the agreement, yearn added the liquidity mining function into it. The original price of YFI is 0, and the community will decide the subsequent price of the token. Yearn belongs to the DeFi project, it can be seen as a built on the Ethereum smart banking. As the interest rates of different pools in the DeFi Liquidity Mine project are so volatile, and the manual selection of a higher annualized pool is complicated, so Yearn simplifies the process. By interacting with smart contracts, we can look at the annualized returns of different lending platforms and then automatically allocate funds to match users to the pool with the highest returns through Yearn.

Currently, there are many mobile mining platforms, such as Aave, dYdX, Compound, Nuo, Fulcrum, and so on. However, each platform has standardized interest rates, different quote mechanisms on the chain, different annualized returns, and as providers of liquid funds, they certainly want to put their money where the interest rates are highest. And Yearn­ is acting as a leading aggregator, interacting with smart contracts to see the annualized returns of different lending platforms, and then redirecting users' money to the platforms with the highest annualized returns. The process could also lower gas charges so that no trace could ever return, rather than having 200 users pay once for every liquidity provided.

Since Yearn has been able to generate higher returns for users who supply mobile mining, its YFI was immediately snapped up by the communities. YFI issued only 30,000 copies, a very limited number, and all of them were snapped up when it was launched on July 26.

After YFI was issued, to ensure that liquidity would not be withdrawn on a large scale, some community members put forward a proposal to increase the weekly issuance volume of each mining pool, but it was not approved due to insufficient participants. So, a hard fork was initiated by the community members in favor of the proposal, and a new project, YFII, was created with essentially a similar name as YFI. After the launch of YFII, driven by the YFI price, it soared as high as $9,489, nearly becoming the second token that to surpass the price of Bitcoin.

After understanding the value of YFI and the current price, many people believe that YFI will be the first to break through $100,000 before Bitcoin. Firstly, DeFi attracting a lot of institutions and individual investors to jump in the pool. Secondly, the total circulation of YFI is only 30,000, which is one of the 70 percent of the total circulation of Bitcoin, making it easier to change the market direction. However, investors who have experienced several super bull markets are preferred Bitcoin. In the past 10 years, BTC is the best investment products, in total, the price increased by more than 600,000 times, and this year is the third time that BTC halved in half, according to the market analysis of the first two halvings, BTC will be in a surge in the next few months.

Bitcoin halved for the first time, doubling its price 100-fold. The second time after it has halved, the price increased 30-fold. At that rate, this time, bitcoin's halving is expected to rise tenfold, or more than $100,000, so now is the perfect time to buy bitcoin.


However, buying Bitcoin ETF (BTC3X) is better than buying BitOffer Bitcoin futures. It adds 3 times of leverage based on futures, and also adds intelligent dynamic mechanism and fund compound interest calculation. The yield starts from 3 times the lowest and can reach up to 17 times the highest. This means, when the Bitcoin gets surge ten times, a Bitcoin ETF (BTC3X) could rise as much as 170 times over the next few months, making it a much cheaper bet than buying cash.

8

Trading / BTC hovering above $11,000 and ETH on the way to $500, how you hedging?

« on: September 03, 2020, 11:29:21 AM »

 - Cici's safest trading strategy with hedging

Trading bitcoin futures can be profitable all the time. Don’t miss the strategy I am going to share.
Video Link: https://youtu.be/eZxEln4H0Ic


Bitcoin Options is a prediction of the movement of Bitcoins in the future. Essentially, it operates like the spot trading, but it allows the investors to buy a call or put: Call when the investors expect the market to be bullish, Put when the investors expect the market to be bearish. Its profit formula is the same as that of the spot trading: Within the Options contract period, the investors would earn the price spread if the investors choose the correct direction.


In short, BitOffer Bitcoin Options allows the investors to use a small budget to bet the change of the Bitcoins in the future and earn a considerable profit. The new register can get a 50 USDT bonus to test before the investment.

9

Crypto Discussion / BTC EXPLODES SOON? If a breakout at $11,600 happens - (Cici's Weekly Analysis)

« on: August 28, 2020, 02:24:08 PM »

BTC EXPLODES SOON?
What's the relationship between gold and Bitcoin?
What's the Play-it-save strategy?

Cici's Weekly Analysis really helps!
Video share❤

https://youtu.be/MmIUXRubRys

10

Crypto Discussion / BitOffer Institute: ETH 2.0 and Super Bull Market are Approaching

« on: August 28, 2020, 03:39:47 AM »

Source From BitOffer

On August 4, Medalla, the final version of the Ethereum 2.0 phase 0 Beacon Chain test went live. With multiple clients running tests simultaneously, with at least 16,384 verifier participants. During the test, although the nodes of Nimbus and Lodestar could not handle the load of the test network and got stuck, which leading Medalla could not settle the block within half an hour after going online, however, with the efforts of the whole team, this problem was finally solved and the test was completed.



As of today, the Medalla has been running successfully for more than 20 days at testing the network, all the client-side are running normally. Recently, the Ethereum team announced that the Ethereum 2.0 Beacon Chain will be launched. As with Medalla, users will only need to pledge 32 Ethereum to be verifiers. This pledge mode is the beginning of an unprecedented super bull market.


The Ethereum 2.0 phase 0 Beacon Chain is the foundation of Ethereum 2.0, managing the reconciliation of verifiers and shards. Users participating in the pledge can get mining income from it, and the mining income depends on the number of users participating in the pledge of the Beacon Chain. The total amount of mining income is fixed, and if there are fewer people involved, everyone will get a higher mining income. The more people involved, the less profit each person gets from mining.


However, the pledge process is single-way, that is, if a user who participates in the pledge ends the pledge and redeem the ETH, the 32 ETH will remain in the Beacon Chain and cannot be transferred back to the current Ethereum (i.e. Ethereum 1.0), nor can he transfer or trade within the Beacon Chain. Only by the time Ethereum 2.0, phase 2 or so, the Beacon Chain had capable of transaction and transfer, then this 32 ETH could be transferred. At the current development schedule for Ethereum 2.0, this process may take two to three years or more.


However, from Medalla's testing, we could see, once the launch date of the Beacon Chain's main network is confirmed, there will be in a massive number of users participating in it. As many communities are quite enthusiastic about Ethereum 2.0, it will encourage many users to buy Ethereum, and a large number of buyers will accelerate the supply of Ethereum, which driving up the price of the currency. And as the Beacon Chain's launch date approaches, this positive news will also fuel a surge in Ethereum prices.


There are 16,384 users participate in the Medalla test network alone. Based on the current price of Ethereum, one ETH is about $386, and 32 Ethereum would be $12,352, with the total value of the pledge exceeding 200 million dollars. It is believed that more users will be involved when the 2.0 Beacon Chain is officially launched, which is expected to boost Ethereum tenfold. Now Ethereum is in a correction and at a pretty reasonable price lower, which is a good time to buy it.


However, buying BitOffer's Ethereum ETF Ethereum is better than buying a future, in which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times. If Ethereum succeeds in a 10-fold rise, the Ethereum ETF would be up to 170 times. Therefore, if you invest $10,000 now and Ethereum grows tenfold in the future, your ETF assets will become $1.7 million. At that point, you will have truly achieved financial freedom and reached the top of your life.

11

Crypto Discussion / Fixed Monthly Return on BitOffer Dual-Currency! Way more Better than BTC Futures

« on: August 27, 2020, 08:21:33 AM »

https://youtu.be/MS2IDryPO30

12

Crypto Discussion / BitOffer Institute: All in? - the Grayscale Buying Momentum

« on: August 26, 2020, 08:33:42 AM »

Source From BitOffer

Last week, Grayscale began a nationwide campaign to get more people to focus on investing in digital currencies like Bitcoin and Ethereum. In a 30-second AD on CNBC, MSNBC, FOX, and others, Grayscale's video shows how currencies have evolved over thousands of years, from shells and metals to legal tender, and tells viewers that this is the age of digital currency.

There have been many blockchain technology relatively ads, but most of then didn't directly target to Bitcoin. According to official figures, Grayscale raised a record of over $200 million in the first week of advertising.

As one of the world's leading digital currency asset managers, Grayscale manages the money of both individual and institutional investors that participate through off-market funding. Grayscale assets under management totaled $5.9 billion as of Aug. 14, according to data released by the media. Three days later, on August 17th, that figure had risen to $6.1 billion.

The Grayscale buying momentum can be seen more clearly from the following picture:


The bulk of the buying began around march of today. We can see that Grayscale continues to buy as bitcoin continues to rise over the last month.

The change is more clearly documented in filings by Grayscale with the U.S. Securities and Exchange Commission. In the second quarter of 2020, Grayscale issued more than 87 million shares, up from 133 million for the full year. The number of shares issued by the trust increased by almost 90 percent in the second quarter of 2020 compared with the first quarter. That's a more than sixfold increase from just 23 million shares issued in the first half of 2019. In the second quarter of 2020, Grayscale increased its net worth by $1.6 billion to a total of $3.5 billion. About half of that growth came from the appreciation of bitcoins held by trust companies.

"It's not Grayscale. It's the individuals and institutions that trust the company to invest in cryptocurrencies through his trust products. Grayscale is the one that has the most incentive to promote cryptocurrencies. If it was just the demand for arbitrage, the position of Grayscale Bitcoin Cash Trust would not increase so fast." says one of the cryptocurrency investors from the community.

Meanwhile, the trend continues for other currencies.

On August 17, Grayscale announced that its Bitcoin Cash Trust and Litecoin Trust had obtained DTC (Direct To Consumer) status and would be able to sell directly to consumers. Similar to GBTC, the Grayscale Bitcoin Cash Trust fund will be traded in the OTC market with the code BCHG, and the grayscale Litecoin Trust Fund will be traded in the OTC market with the token LTCN.

At the same time, more institutions dedicated to bitcoin funds have seen the opportunity at this newspaper advertisement in August:



The AD came from the Galaxy Bitcoin Funds, which is a microcosm of many other institutions. Such " Little Grayscales" are providing institutional investors with compliant and relatively secure channels to buy digital currencies, bringing more money into bitcoin and other digital currencies.

Affected by COVID19, most people tend to reduce financial risk. Financial market a substantial increase in revenue which appeals to people. Recently, under the smaller undulation of Bitcoin’s price, people turn to find other possibilities in the financing market. Now especially in the sideways trend, BitOffer Dual-Currency became the first choice from individual investors.

The characteristics of Dual Currency:
1. the annualized return rate can be up to 1,000%
2. earn profits regardless of the price goes to rise or fall
3. different time periods available for choose
4. earn Bitcoins while BTC dumps, earn USDT while BTC pumps
5. automatically earning passive income

Therefore, Lucian, the chief analyst of BitOffer pointed out, because of the unique reverse option mechanism of dual-currency, even in the bitcoin plunge, you can still achieve a high annualized return. Compared with traditional finance, which the highest annualized return is only 5%, while the one-week return of dual-currency easily beats it. And in the BTC sideways shock period can still achieve a stable 1 point of income, very suitable for individual investors. There is no need to judge the rise and fall of the currency price, earn BTC while the price goes down, earn USDT while the price goes up, which is very suitable to replace spot products.

13

Crypto Discussion / BitOffer Institute: Decentralized Options - the Next DeFi Hotspot and Lifesaver

« on: August 21, 2020, 08:41:53 AM »

Source From BitOffer

DeFi has a total market cap of $13.022 billion, according to Glassnode, it covers a wide range of sectors including currencies, loans, synthetic assets, instrument architecture (such as forex), exchanges, etc. However, there is a large gap in the derivatives area, such as options. Thus, Institutions such as FinNexus and Chainlink predict that decentralized options will be the next DeFi hotspot, which could be the lifesaver of the Bitcoin contract.

DeFi decentralized options address the crucial points of current decentralized options and the points about investor participation in traditional finance.

1. In essence, an option is a kind of contract that gives the option holder the right to buy or sell an asset at a fixed price on a specific period. The buyer of the option has only rights but no obligations, and the seller of the option has only obligations but no rights. The risk of the buyer is the loss of capital to gain the unlimited potential of profit. The risk of the seller is to earn the option premium under the unlimited potential of loss. The imbalance of such rights and obligations leads to the difference between the risk attributes of the buyer and the seller.

2. Even if there are professional institutional participants, as sellers, in order to control their own risks, they still need to rely on abundant risk hedging tools to hedge their potential risks. At the moment in the DeFi market, it is clear that the selection of these hedging instruments is very scarce.

3. Traditional options are matched by order books and need to rely on professional market makers, which, if carried out in the chain, will cause problems of low efficiency and high cost. Recently, the GAS fee on Ethereum has reached 300Gwei, and the high cost will greatly reduce the enthusiasm of users to participate.

4. Due to the liquidity, for the buyer, the option buyer cannot choose the option products as they expect, such as different underlying assets, different strike prices, or products with an expiration date.

In view of these problems, the decentralized liquidity options of DeFi arising subsequently. By establishing the liquidity option deposit pool as the counterparty of all users who purchase options. The premium and other agreements rewards are brought into the pool and share by the joining users, all the returns and risk of investment options will also be borne by the entire pool of users.

The potential of decentralized option flow pools is that it can freely create options with the underlying asset, which not only the digital currencies such as BTC but also the traditional financial assets. Compared with the centralized options, it eliminates the middleman and counterparty, has unlimited liquidity, and the ability to pledge mines.

With the popularity of DeFi decentralized options, the trading strategy of hedging with options and contracts will be used by more people to reduce the risk of being liquidation. After the option hedging, even if the contract is under liquidation, the profit is still far greater than the contract principal, thus, the profit can be maintained eventually.

Here is a detailed description of the hedging strategy of making money under contract liquidation.
For example, now the Bitcoin price is $10,000:

• Open long 20X Bitcoin at $800
• Meanwhile, buy 2 put options contracts on BitOffer (the total budget is $60).

✅ The first situation: When the Bitcoin price increases by $200 (+2%):

• Open long 20X Bitcoin: Earning 40% in profits, $320.
• Lose the premium that you use to buy put options contract: -$60.
• The net profit will be $320-$60= $260.

✅The second situation: When the Bitcoin price decreases by $200 (-2%):

• Open long 20X Bitcoin: Losing 40%, $320.
• The Put Options contracts You buy earn $400.
• The net profit will be $400-$320–$60=$20.

This is only one of the strategies of the contract, there are many other strategies that I won't show you here. To sum up, the hedging strategy could help us profitable no matter it’s ups or downs, even when the contract hit the liquidation.

However, it should be noted that the options that we’ve mentioned in this article specifically refer to the BTC options (American version) without margin, commission fee, and liquidation mechanism, which are issued globally by BitOffer Exchange . If you choose traditional European options such as from OKEX and JEX, you cannot carry out such contract hedging, and there is a liquidity risk as well. 

14

Trading / BitOffer Institute: 7X Increasing Volume on Uniswap, ETH Targeting at $1,000

« on: August 14, 2020, 01:27:19 PM »

Source from BitOffer Institude

Uniswap added 57,976 new users in July, which goes up about 132% month-on-month, according to The Block Research. Meanwhile, Uniswap's liquidity volume hit a new high, with UniswapV1 and V2's total liquidity reaching more than $2 billion as of August 11, accounting for half of DEX's total liquidity. In the past month, Uniswap has seen a 15-fold increase in page views and a seven-fold increase in transactions. At this rate, Uniswap will soon have over $10 billion in transactions, which could push Ethereum to $1,000.

Uniswap is a decentralized trading protocol which developing based on Ethereum. It replaces manual quotations with an established algorithm, which not only eliminates centralized matchmaking and clearing but also eliminates the market makers in transactions. The most important feature is that users can exchange tokens directly in the exchange pool, and the revenue depends on the amount of money entering the exchange pool.

In 2017, Vitalik Buterin, the founder of Ethereum, published a post "Let's Run on-chain Decentralized Exchanges the Way We Run Prediction Markets" on Reddit, in which he suggested a new DEX mechanism. After reading the post, Unemployed Hayden Adams decided to follow this line of thought on the advice of his friends and create an Automated Market Maker. By the end of 2017, the initial proof-of-concept, intelligent contract code, and website design were completed, and this was the birth of Uniswap.

Between its launch in 2018 and 2019, Hayden Adams distributed all the fees for Uniswap transactions to users, such a move increased user stickiness but limited Uniswap's development. Eventually, Uniswap V1 was launched in early 2019 and won a prize from the ETH Foundation. In April, when DEX hit the market, Uniswap began to get a lot of attention from investors, combined with the breaking news of Uniswapv2's launch, Uniswapv2's trading volume briefly topped $100 million, making it the DEX leader.

DEX's total trading volume topped $1 billion for the first time in June and hit $4.5 billion in July, while Uniswap's trading volume on Aug. 11th was $250 million, which is two-thirds of Coinbase's trading volume and more than Gemini and Polo's combined.

According to The Block Research, on August 11th, the total transaction fees on Uniswap exceeded Bitcoin's miners' total, and in July Ethereum miners earned $143.8 million, the highest in 23 months. In which transaction fees accounted for 23% of Ethereum miners' earnings at that month, this shows that Uniswap accounted for a significant portion of Ethereum’s earnings.

From BitOffer exchange chief analysis Lucian’s point of view, according to the development of Uniswap’s development speed, the volume will break through $10 billion in a short time. This will both increase the income of the ETH miners and attract more investment institutions and individual investors, which will push the Ethereum rise to $1000. Thus, now is the best time to invest in the ETH.

However, Lucian argues that it is better to invest BitOffer's ETH3X ETF rather than Ethereum spot trading. As the ETF starts at a minimum of three times of profits, with the smart dynamic positioning and fund compounding, can yield up to 17 times. Since the July 19th rally, the Ethereum ETF (ETH3X) has risen from $6 to $28, which goes up nearly 500%. With DEX, DeFi, and the launch of ETH 2.0, if Ethereum rises to $1,000 over the next few months, which will be a more than two-and-a-half-fold increase, the ETH3X ETF would gain as much as 42-fold.

So if you buy Ethereum for $10,000, and Ethereum goes up 2.5 times, you can make at most 2.5 times profits, and $10,000 becomes $25,000. Furthermore, invest in Ethereum ETF (ETF3X) is a different story. If Ethereum really does go up by 2.5 times, you can earn up to 42 times, which means with the cost of $10,000, you will get $420,000 profit in an instant. The Ethereum ETF (ETH3X) is clearly a better investment.

15

Crypto Discussion / BitOffer: Chinese PBOC token on the way, which would boost Bitcoin tenfold

« on: August 06, 2020, 12:43:33 PM »

Source from BitOffer Institute

The Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC) and Construction Bank of China (CCB) have participated in the internal testing of a digital currency APP which released by People's Bank of China (PBOC). At present, some internal employees of these Banks have started to use APPS for transfer and payment, etc.

To register the App, users need to open a digital wallet at one of the four Banks. The digital wallet is attached to each bank's account, and users can recharge their funds into the wallet, which can be either online banking or card binding. This "digital currency" can realize recharge, withdrawal, transfer, scan code consumption and other functions. The transfer can be carried out by the other party's mobile phone number, and the transfer function is being tested without network. The payment logic is similar to third-party payment such as WeChat and Alipay, where users can scan QR code to pay each other.

The digital currency DCEP of the PBOC has been developed since 2014, and its main purpose is to replace M0 and the function of cash. It borrows from the UTXO model of Bitcoin, and adopts the dual offline technology in payment. In other words, both parties can complete the transfer and payment through touch or scan even without the network.

China's Top four Banks testing PBOC digital currency APP reflects China's expectation of encryption's value.

Lucian, the chief analyst at BitOffer exchange thought, the action that top four banks of China testing the PBOC digital currency could drive the BTC prices go rising. As this year is the third time of BTC halving, the Bitcoin block rewards have been cut from 12.5 to 6.25 BTC, which will accelerate the scarcity of BTC. As mining becomes more difficult and demand for Bitcoins outstrips supply, the value of bitcoins rises.

As the top four banks led by testing the PBOC token, people's perception of encryption currencies will continue to improve, and Bitcoin as the top cryptocurrency, will naturally get more attention. The increased consensus will fuel a surge in the price of bitcoin, the Bitcoin bull market could drive the price of bitcoin up tenfold, at current bitcoin prices, that would be more than $100,000. So now is the perfect time to buy bitcoin.

However, buying BitOffer's Bitcoin ETF is better than buying a future, in which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times.

If you buy BTC for $10,000, and ETH goes up tenfold, you can maximum make a fivefold profit, Which from $10,000 to $100,000. But buying BTC3X is a different story. Once BTC increases tenfold, you can make up to 170 times, which would be from $10,000 to $1,700,000. Buying the Bitcoin ETF would be a better deal.