If you are following our most recent post, then you will know that we have dove into the Zed Run eco-system. If you are unfamiliar with the platform then click here for the basic overview!

For the cliff notes, Zed Run is a virtual horse racing and breeding platform that works on top of the Matic Polygon network in conjunction with the Ethereum blockchain. Behind the scenes they utilize many parts of the crypto ecosystem like Opensea, The Graph, and MetaMask to make the platform function seamlessly.

Now that you know what we are discussing, lets get into the newest update to the platform – more daily free races.

Nothing should be considered investment or financial advice. Enjoy the Ride.

Zed Run Free Races

To understand why free races are so important, we need to discuss what a free race does for a horse. For example, what is the point of a free race other than to give money to the lucky winner? Glad you asked. Here is a list of things that free races do for the community:

  1. Free races allow owners to test the strengths of their horse without costing them money to do so like in paid races. This allows them to gather intel on their horse’s base speed, flame, and in prior cases the odds of winning
  2. New players will also not always be comfortable risking money early on. Therefore, having free races open to all and available will entice them to get comfortable with racing in general
  3. Out of money for your paid races? Do some free races and recoup some Eth to be able to race in the paid ones again!
  4. While Zed Run is undoubtedly making money off racing, breeding and selling, having a healthy level of funds re-entering the eco-system is always good for sustainable growth

These are some of the reasons WHY having free races in the eco-system are important. Now, lets look at some of the prior issues Zed was having with their free race system.

Issues With Free Races

There were many issues with the prior free race system. Zed needed to fix this since there was a decent uproar in the community about it. Here are the top issues the platform was having:

  1. Free races were too few and practically impossible to get into
  2. The rewards for free races were around $2-$3 which is not enough to re-enter the paid race scene with
  3. There were only class 1 free races which allowed a wide variety of horses to enter. This could greatly skew the curve in the favor of any strong class 1 horse entering

Changes to Free Races

Here is how Zed fixed the issues above:

  1. Zed increased the rewards on free races per class. Rewards now for winning a free race can exceed $50 per race
  2. They divided up free races by class which makes them more appropriate for each group of horses racing
  3. The frequency of free races was increased dramatically
  4. They posted about the changes and made it clear so everyone could participate and be aware!

The changes from one system to another is practically night and day. There is a strong assumption that due to the recent overall success of the platform and funding of 20M into the company behind it, that the team is now much more comfortable giving back to the community. Granted there is still much more to do on the platform, this is a great start to enticing new horse owners into the community.

Zed Community

The Zed team clearly listened to what their community had to say.

Not only did they make a few changes to benefit the eco-system, but they also made it clear that the intention of the $20,000 total prize pool per day was to give back! With this amount of funds re-entering the community per day, there should start to be explosive growth of new comers looking to pick some of this up.

Realistically, a new stable owner could purchase a couple horses for around $100-$200 each, enter free races daily, and hopefully start to bring in some passive income. Now, this is not the actual idea of the platform and long-term vision, but giving the “little guys” something to eat is extremely important for the long-term success of the platform.

Overall, the team increased free racing payouts by over 700% per day. This is spread out across all classes, and can be as much or more than $20,000 per day. While there might be a lot of strong projects out there in the crypto space, this definitely puts Zed Run on the map to be one of the most watched and anticipated as we move into Q4 of this year!

Free Racing News

Thanks for reading our post on the Zed Run free races. If you are interested in getting started, then head over to this article to learn more about the basics of Zed. If you are already a member of the community, then go get to racing and get some of that free money laying around the track!

Cheers

Right now the market is at all time highs with constant pressure to go up and down in large ranges. While most people expect a “super cycle” or a “different outlook” than the past cycles, history has a way of repeating itself.

What that means is, the market will ultimately move in a direction rather sharply within the next year. More than likely, that direction will be back down around a trillion dollar marketcap, but it could always be shot the other direction by unforeseen events.

If that happens, one thing is for sure – the market will be in trouble. Not just the normal trouble of exchanges going down for a bit, eth gas prices shooting up, and the occasional hack. I am talking about the kind of trouble that brings a shortage of assets available on exchanges.

Shortage Of Bitcoin

While we’ve never directly experienced this, it is highly possible to happen.

As Bitcoin continues to gain reputation as a global standard, governments and companies alike will start to take it more seriously as a reserve fund. Tesla has already put their foot in the door, but realistically it won’t be long before it becomes normal practice. This will inevitably lead to a massive surge in demand which supply will not be able to keep up with.

In addition, there are millions of Bitcoins lost from people misplacing hardware wallets and losing them. This is including Satoshi’s wallets that are yet to show any activity. Obviously, there is also a decreasing number or Bitcoins being mined daily with the halving already around the corner again.

With all of that in mind, you might want to start practicing other ways of getting your monthly Bitcoin purchases in. This is where Bitcoin ATMs come in!

Bitcoin ATM Near Me

It might seem silly, but there are probably not many OG Bitcoiners or crypto advocates that have ever purchased Bitcoin from a local ATM. Most probably wouldn’t know where to find one.

Luckily, There are a group of gas stations in most cities that have decided to offer crypto services. For instance, Circle K and Texaco have started to offer Bitcoin ATMs in most of their locations.

It is easier than you might think to find one though. There are sites that offer a service for you to find the closest Bitcoin ATM near you. The most popular is called Coin ATM Radar! Simply click on the link, enter in your city or zip code, and you can see all of the closest ATMs near you! This really is rather genius, but you can even use normal GPS on your phones to find them.

Even the IPhone maps app can be used to find one nearest you by typing in “Bitcoin ATM”. Here is a list of some of the top Bitcoin ATM companies with their location counts at the time of September 2021:

How To Use A Bitcoin ATM

They look like ATMs, except they’re not. These new kiosks will allow you to buy bitcoin and some will even offer other cryptocurrencies!

Now when you find the ATM nearest you, there are a few steps that you will need to be aware of. First, you will need to have a digital wallet on your phone that you can scan in order to purchase or sell your Bitcoin. This is standard for most ATMs, so you will need to make sure you have one before going to the ATM. I do want to mention that some ATMs will accept paper wallets, but I highly recommend against this since taking your paper wallet anywhere is very risky.

Once you have your digital wallet, you can scan the QR code native to it once requested from the ATM. Please note that this is the same process for all offered cryptocurrencies on the machine. For instance, if you are purchasing Ethereum from the Kiosk then you will need an Ethereum digital wallet.

Before you scan anything though, the machine should display some options for you.

Some of the options offered are typically:

  • Buy Bitcoin or the selected coin (with different ranges offered. The ranges usually look something like 0-$500, $500-$1000, or $1000+)
  • Sell Bitcoin or the selected coin
  • Redeem Voucher

Once you select your option, then scan your wallet!

Afterward, you will be requested to insert cash if you are purchasing, give cash if you are selling, or be deposited crypto if you are redeeming a voucher. It is that simple.

Warnings

While this might seem easy and amazing, there are are few other things you need to know.

  • ATM purchases and transactions are final. This is standard as well across the industry, so please make sure you double check your selected options before accepting anything on the machine!
  • Kiosk transactions are instant. While the transactions are also final, they are instantly pushed to the blockchain regardless of confirmations. This means that there really is no going back once you place your order.
  • There are Scams out there to try and get your crypto. The most common scam involving Bitcoin ATMs is the paying bills or services with an ATM. It is very important to remember that you CANNOT pay for any services or bills over an ATM. If anyone askes you to do so, you are being scammed. In addition, taking your paper wallet is a common way for people to get scammed as well. As mentioned earlier, it is a very bad idea to bring a paper wallet because people can steal it or scan it, or simply take a recording of it.

Regardless, please do not get scammed and always protect your assets!

Bitcoin ATM Machine Near Me

The best tips to remember from this article are as follows:

  • Use Coin ATM Radar to find ATMs near you
  • Get or bring a digital wallet for your transactions for security
  • ATM transactions are final
  • Bitcoin shortages will probably become a thing in the near future, so find the ATM nearest you today

Thanks for reading our post on finding a bitcoin atm near me!

Cheers

 

The market has been swinging wildly since 2020, but what’s the next big coin to watch? Most of the top assets are too inflated to invest in right now, so what is still afforable?

As the market continues to surge, new coins continue to pump to the top to show their face and give opportunity for massive gains. Most recently, a coin did just that and is making waves around the pond. This coin we are mentioning is none other than The Graph.

Therefore, we are going to dive into the project and see what all the hype is about.

*Full disclaimer – I do not own The Graph (GRT) nor are we sponsored. This post is purely educational.

Nothing should be considered investment or financial advice. Enjoy the ride.

What Is The Graph Crypto

The Graph is an indexing protocol that is built on top of the Ethereum blockchain. It has a native token called GRT that is currently ranked pretty well on Coinmarketcap!

The project was started in late 2017 by 3 engineers that were frustrated with lack of tooling from the Ethereum eco-system. After over 3 hard years of work, The Graph went live on December 2020.

Right out of the gate the GRT token was listed on some of the top exchanges in the industry including Coinbase and Binance showing huge promise for the future of the project.

Why Is The Graph called the Google of Blockchains?

The Graph has been referred to as the “Google of blockchains” because of its indexing feature protocol.

This is similar to how Google indexes websites and allows us to easily access to them through a search engine. The Graph does just this with the data that is stored and hosted on the blockchain.

Providing clean, easily accessible data is extremely important for the future of the decentralized industry. Developers will need this feature to build fully decentralized apps that do not depend on third party providers, or from centralized data bases.

Specifically, the protocol mainly focuses on decentralizing the query part and API generation layer of the decentralized network. This allows for querying different networks such as Ethereum, 0r IPFS by using a native query language on the network called GraphQL.

What is GraphQL

GraphQL is a native query language on The Graph crypto that allows users to specify what fields they are interested in and what search criteria they would like to apply to their query. The data that is being queried is then organized into subgraphs based on the set criteria.

A single d-app can make use of one or multiple sub graphs. Furthermore, one sub graph can also consist of other sub graphs similar to Set theory.

The Graph then provides an explorer which makes it easy to locate and use sub graphs for some of the most popular protocols like:

What Is An Indexing Protocol Really For?

An Indexing Protocol allows you to find a particular piece of information similar to using the index in a book to find a specific chapter or page with information on it. In a similar fashion, computer data bases can use the protocol to cut the search time for data and respond quicker to queries enabling stronger real world use-cases.

Indexing protocols make querying blockchain data simple and efficient. They are considered infrastructure protocols because their utility will help build out applications and allow them to easily access data.

What Problem Does The Graph Solve For Blockchain?

Developers are currently having to choose between building slow decentralized applications, or fast ones that depend on a centralized entity to index the data. This makes apps and web services useable at scale but not truly decentralized.

The only other option is to build an indexing or sorting system that can be accessed like a protocol which can take up to a year and is duplicate work across the industry wasting valuable time that could be used for further development.

This is why a decentralized query protocol for blockchains is a necessary solution. Over time, GRT will become one of the main necessary infrastructure protocols for building fully decentralized applications at scale.

Are There Other Indexing Protocols?

There are a few similar indexing protocols currently on the market, but The Graph is the clear leader for the industry. Here is a list of the other top similar protocols that you can research to compare to GRT:

Now, lets dive into the actual architecture of the network!

Protocol Architecture

lets break the architecture of the protocol network down into several parts starting with the indexers.

Who are the Indexers?

They are the Node operators of The Graph network. They join the network by staking the GRT token and running a Graph node. Their main function is to index relevant sub graphs.

The indexers earn rewards by indexing sub graphs and are paid fees for serving queries of sub graphs. Unlike most blockchains, these indexers can also set prices for their services, but prices are kept low through competition with other indexers or aka by the native marketplace on the network.

Who Uses The Indexes?

The people who use the indexes are called consumers!

The consumers query indexers and pay them for providing the service of good quality data from different sub graphs. The consumers can either be end users, web services, or applications.

Who Manages The Indexers?

Curators are the “managers of indexers” if you will.

Curators use their GRT tokens to signal what subgraphs are worth indexing. They are typically developers that want to make sure their sub graph is indexed by indexers, or end users that find particular sub graphs valuable.

In addition, these curators are incentivized through rewards for how popular their sub graphs become.

Are There Other Participants On The Network?

Yes, there are delegators and fishermen as well on The Graph network.

  • Delegators stake their GRT on behalf of indexers in order to earn a portion of indexers rewards and fees. These guys don’t have to run a Graph node.
  • Fishermen are useful incase of a dispute on the network. Think of them like the hall cops. For example, if an indexer provides incorrect data to a consumer, the Fishermen will intervene and correct the mistake.
Where Can You Buy GRT

If this project interests you, then here is a list of exchanges you can find it on to purchase. As always, please do your own research after this post to make sure this project aligns with your standards!

In addition, many more exchanges are starting to offer GRT. In fact, you can earn $50 of free GRT now by going to coinbase earn and simply learning a few more things about the project.

The Graph Crypto Review

Thanks for reading this post on what is The Graph crypto! This project has huge potential, so definitely be on the look out for it soon. Although, before investing please remember to do your own research!

Cheers

These days why bother investing? You would probably make more money scamming new crypto investors on telegram or simply posing as Charles Hoskinson DMing people on Twitter.

The sad thing is that is actually happening. Lately, scams have been on the rise and there are a few reasons for this. In this post we are going to discuss why scams seem to be magically popping up out of no where, and what you can do to prevent them!

Why Are Scams Everywhere Right Now?

It seems like every other post mentions scammers or how to protect your funds these days! Lets go over why this topic is so hot lately.

New Investors

When the market booms and the bulls take over, there is always a massive influx of investors. Although not just any investors, specifically new investors. These encompass young 18 year olds looking to throw their money at the hypest project they just learned about, and even 60 year old CEOs with millions following the advice of their nerdy friends telling them just to invest.

The problem is the crypto market is difficult to understand. Not just the market, but the technology as well. On top of all of that, there are people constantly trying to take advantage of that lack of knowledge to scam people out of their money. Out of the millions of people entering crypto, there are bound be a few huge scams that become talk of the town.

Upgrades To Projects

Charles Hoskinson recently posted a youtube video about this. I will link it here for those interested. In short, when projects go through major updates that require hard forks, or even soft forks at times, scammers have a huge opportunity to profit.

Many investors in this space are not technically inclined and struggle to understand the necessary steps to navigate these events. That leads to people easily taking advantage of them and instructing them how to “update their wallets” by sending their funds straight to them or revealing their private keys to help with the process.

New Projects

Just like new investors, new projects always spike up during a bull market.

Why? Obviously because the influx of capital in the market makes leading ICOs or Token Sales that much easier. Investors are more willing to contribute to projects when they have the additional capital.

With new projects comes errors in the code base that can lead to hacks, mistakes in moving funds to new wallet tickers, and the occasional scam site they appear to allow you to invest in these new projects only to take your funds and run.

I remember an ICO in 2016 I was involved in that had thousands of people in one telegram room waiting for the chance to invest at 8:00 AM eastern.  Instantly, once the team announced you could invest and posted the link, 10-20 scammers posted similar scammer links in the telegram chat that stole millions in Ethereum.

The investors sitting in the chat waiting wanted to invest so bad, they clicked the first link they saw in the chat and sent their Ethereum hoping to secure a spot in the ICO. Unfortunately, they soon found out their money was long gone.

Scam Projects

The last common way people get scammed is from the infamous lending platforms.

There are always several platforms that claim to be legit lending platforms where you can be rewarded by simply leaving your native assets on the platform. These come and go but the idea remains the same.

Almost every time the owners of the platforms miscalculate funds and promise more in return then they can actually lend leading to devastating devaluation of the native currency and loss of funds. Sometimes everyone loses their funds never to be recovered. These are not to be confused with interest accounts though.

Ways To Protect Your Crypto

That is enough of the reasons why scams are so popular. Lets now dive into the top ways to protect your funds.

To give you some back ground, I have been involved in the space since 2014 and have a decently good track record of protecting my funds. Aka – I have never been hacked. Here are my top steps to keeping my assets safe!

Check Your Wallets Regularly

If you plan on keeping your assets on an exchange or in a native wallet of any kind, make sure to check them regularly.

This does not have to be a thing you do daily, but 2 to 3 times a week should suffice.

Make Sure Your Accounts Have a Withdraw Delay

This is extremely important. Every place that I have stored my crypto, I make sure has a delay before you can withdraw them.

Most exchanges or wallets will have a whitelisting feature, but the real important part is the delay to be whitelisted or withdraw your assets regardless. Now, you might be thinking, “Why would I want to want a day or two to withdraw my assets?”

Well to answer it plainly, if you have to wait a day or two to withdraw your assets – so does someone who hacks into your account. This gives you the most time to respond and prevent loss.

Constantly Check Your Email For Suspicious Activity

Most people do not realize this, but today almost 90% of hacks are from people logging into your account with your actual password and email. Not fighting a firewall on the exchange and backdooring their system to exploit the code to allow them entry. Why would anyone go through all that trouble when they could just log in?

Protecting your email will decrease your chance of being hacked by almost 90%. Why is your email so important?

Well, your email is typically what exchanges and some native wallets use to communicate you with. They send you password resets through it, information on your statements, and occasionally let you know, “Hey thanks for using us for storing all of your wealth on our platform!”

Which is great information for a hacker to know.

A good way to tell if your email has been hacked is to check your deleted box constantly. Hackers will typically try to reset your passwords once they find your accounts and then delete the emails so that you are unware of their activity. Obviously you can also update your email password every few months if you want to be extra careful.

Never Share Your Private Keys

This is probably the thing most people hear, but what does this mean?

When you create an online wallet, or purchase a cold storage device like a Trezor or a Nano, the wallet will come with a “private key”.

This is basically what your wallet uses to access your funds and lets the blockchain know that it’s ok for you to move them. If anyone else ever gets access to it, then they can tell the blockchain that it is ok if THEY move your funds. In short, this is a common no no.

Use An Account With Insurance

If all else fails and your account is hacked from behind the scenes, you better make sure the platform you had your assets on has assurances.

Historically, Coinbase has been the worst when it comes to this. There has been a number of people getting hacked through the Coinbase platform just to never have their coins returned. Just a warning, but it has happened before.

Platforms like Blockfi offer asset protection through their custodial partner Gemini who is insured by AON. This means that if the platform gets hacked and your funds are lost, you would be compensated in that case.

Stay Ahead Of The Game

My last piece of advice is to always stay ahead of the game.

Continue to research preventative ways, constantly monitor your assets, and never stop learning about the market and tech behind it. If you are educated, chances are you will be just fine.

 

Cheers,

Usually we like to post about news, education, or even the occasional shill piece now and then to keep the fun of the crypto spirit in our posts. Although, today we want to shift slightly to something that really does not get enough attention. It is a dark side of crypto that people want to dismiss and ignore.

That dark side is the rise in crypto addictions that are not getting better anytime soon.

Why Is Crypto Addictive?

Crypto addition is the point where investing is no longer a choice, but a need.

This is usually coupled with constantly researching new coins out of fear of missing out on the next big thing. Most addicts even start to develop extreme points of views involving methodology or strategy becoming almost territorial of their investments. Of course no addiction is complete without constantly checking your account balance and your wallets 25 to even 100 times per day.

This is what some people end up experiencing and it gets worse over time. Like all things in life, too much of any one thing can be very bad for you, so you need to be aware of some of the signs indicating addiction.

Signs of Crypto Addiction

Here are some signs that you might be addicted to crypto:

  1. You start to take increasingly riskier decisions then you typically would
  2. You contemplate spending above your means for investments with no regard to the outcome
  3. You make compulsive trades and decisions about your portfolio
  4. You might take a loan or sell things just to continue to invest
  5. You might even be hiding or lying about some of the investing
  6. You no longer enjoy your usual activities before crypto

All of these things can be clear signs that you are addicted to crypto and need to start toning it back a bit. While there are people that have scored it big in this space, it is not worth your mental health and your potential future.

Sometimes understandings why your addicted to something can help yourself reason through the struggle. Therefore, lets look at some of the reasons why crypto is addictive.

Reasons Why Crypto Is Addictive

Here are a few reasons why crypto is addictive to so many people:

  1. Crypto hosts some of the highest swings of any market leading to huge gains and losses
  2. The constant generation of thousands of projects and tokens make investors feel the need to explore and research all of them
  3. The crypto community is very diverse which can provide a safe space for creative thinking. The sky is the limit at times
  4. The crypto community is also very engaging and confrontational which can be appealing at times
  5. Crypto is constantly moving and changing as a 24/7 living ecosystem that always has something catching investor attention
  6. There are feelings of freedom and uniqueness to owning or investing in crypto that is unlike any other asset class
  7. Fear of losing your assets or missing out on the next big investment (FOMO) leads to constant stress and anxiety
  8. Most people that invest feel innovative or revolutionary in a way leading to an urge to do more or invest more
  9. Hodling is an expectation which leads to people struggling with selling assets even in bull markets
  10. People become very emotional about projects and lose sight of the practicality of it all

As we can clearly see, there are plenty of reasons why crypto is so addictive. It is a thrill, a rush, something new that does not fully have answers yet and can offer people an entirely new lifestyle! Although, it can just as easily do the opposite. The allure of crypto can become a cave with no way out for some people.

Steps To Ease Addiction

It is not always easy to step away from something that has become ingrained into your core.

For some people, it might take weeks or even months to fully step out of crypto addiction. For most people though, it might be easier than you think. Here are a few ways you can help curve your addiction:

  1. Find an alternative asset class to study or focus on other financial opportunities
  2. Try to step away from your common place of study or investing to a new location to practice new habits
  3. Create a time limit or period for investing and studying, and afterward try not to interact with it
  4. Set limits to investing per month with a budget and stick to it
  5. Set limits to trading per day or per week that you will allow yourself to make
  6. Start creating more long-term goals and focus less on short-term goals
  7. Seek professional help from a trained therapist
  8. Attend a local addiction group where you can discuss the issue at hand and learn more ways to be preventative

The best advice I can give anyone currently struggling with crypto addiction is to get on a good sleeping schedule, become more active like working out or going for a daily walk, and focus on your mental health. This might be by listening to podcasts, reading a book, attending a religious gathering, or whatever works for you.

Small steps towards a more healthy mentality is great advice for everyone at any point in life. At the end of the day just remember, crypto is only a digital asset that represents money and ownership. It can’t make you happy, and it is not worth your well being.

Cheers

Since around 2017, crypto and Bitcoin have become  common household words. Thrown around as investing jokes your uncle made or more commonly as a criminal reference on TV shows like the Blacklist, they no longer need an introduction.

These days in 2021, it seems almost silly to have not bought crypto three years ago or even before that. The jokes now go like, “Go back in time and tell yourself to purchase Bitcoin in 2009. You’ll thank me later!”

If that is so, then why are we not receiving paychecks in Bitcoin yet? Why are we not able to buy a steak dinner at a normal restaurant by using our Coinbase app? Well, that might be just around the corner with VISA.

Using Crypto Daily

If you do not know, VISA has been heavily investing in not only researching crypto but in gearing up to use it. Since December 2020, VISA partnered with none other than USDC, a stable coin on the Ethereum blockchain.

What is a stablecoin?

Well, it is a virtual currency that is pegged to something. Typically, it is pegged to the dollar to retain a consistent value. We won’t worry about HOW that is possible in this post, but we should be able to accept that 1 stable coin is usually worth 1 dollar.

Why is that important for VISA?

VISA needs to partner with a stable coin in order to feasibly provide payments with crypto. If VISA accepts Bitcoin for lots and lots of transactions, it needs a way to convert and store that value without losing any of it in the daily price swings.

It can do so by trading and holding USDC with smart contracts. If you do not know, it is much easier to convert a crypto to another crypto then into a fiat based currency or even credit of any kind.

Crypto lives and breathes on the blockchain, and can easily be converted, exchanged or traded for other coins through plenty of ways. Almost all of these ways are cheaper going crypto to crypto versus crypto to fiat. Once you start converting from crypto to fiat, you can encounter a slew of regulatory and physical limitations.

Therefore, VISA will need to be very familiar and comfortable with USDC. But, they need more than just that. They need the data of all USDC transactions to be able to fully map out the blockchain underneath it and track all of the transactions. That is where The Graph or GRT comes in.

VISA And The Graph

Now, I am not going to begin to act like I fully understand The Graph and its purpose for USDC. What I do know is that the project received an enormous amount of hype leading towards its launch.

This includes being listed on both Binance AND Coinbase in addition to Coinbase earn. From my 30 minutes of research (obviously an expert by now duh) The Graph is basically an indexing protocol.

What this means is that The Graph goes through and not only indexes all of the available data for a blockchain like USDC, but also categorizes it and makes it easily accessible for developers and smart contracts. Here is a fun reddit post if you want to learn more.

How is this different from an oracle you might ask? That was my first thought at least.

To my understanding, an oracle is a protocol used to authenticate data loaded onto the blockchain that can be used in smart contracts. Take for example the winner of last nights horse race. An oracle would be able to provide the winner with a very high degree of certainty. (like 99.99999%)

The Graph on the other hand, takes the already existing data, or uploaded data, and indexes and categorizes it for it to be used on a larger scale. This is extremely important for a payment processing company like VISA that needs access to all of the data in a reasonable fashion. 

Other Crypto Payment Options

We are not fully sure when VISA will start to adopt crypto into their mainstream payments, but there is set to be a large announcement related to The Graph and VISA at an event in New York near the end of September. 

If you can’t wait for VISA to create a solution for your daily crypto payment needs, then there are other options.

Coinbase has rolled out their crypto debit card that can be used practically anywhere a normal VISA card can be used. It even has cash back rewards that can be paid out in BTC, ETH, and a few other options including GRT!

Other crypto vaults or interest accounts like BlockFi will also be rolling out their own cards for daily payments in the near future. This card will also offer some cash back rewards for you to earn!

What about paychecks though? Well, some companies are actually looking into this and starting to offer this too as an option. While it might not be considered “common” yet, my hunch is that in 2022, this will start to become more of a reality to save on ACH transactions at scale for some of those big companies looking to pay thousands and thousands of employees while also paying for services.

Using Crypto

Thanks for reading our post on using crypto and how the mass market may soon come face to face with it! If you enjoyed this post, please share or subscribe to help support The Tribe! 

Cheers

Wow, what an exciting couple of weeks we have had in crypto. Clearly 2020 is out of the window and 2021 is in the drivers seat with gains and market shifts that are happening daily.

To back track a little bit, I started mapping out Bitcoin’s developments back in 2016. I mean really mapping them. With the data I applied multiple distributions to the developments, reviewed historical movements compared to comparable assets, and ended up building out an entire model trying to predict the next price that Bitcoin could surge to. While we all thought it would happen in 2020, 2021 is not far off. I want to go over what that model ended up telling me below.

Although before we dive into what that model said, and the price I expected BTC to grow to, please remember to invest responsibly. Right now is considered extreme FOMO. Remember, there will eventually be a retracement and more time to invest into crypto at reasonable levels. Don’t empty your saving, take a second mortgage, get a loan from the bank, or steal money just to invest in crypto at the moment. In other words, be smart. Be patient.

Nothing should be considered investment or financial advice. Enjoy the ride.

With that out of the way, Here’s what this post will be discussing:

  1. Bitcoin expectations? What did my model say
  2. Why now? Why crypto
  3. What do the billionaires know
  4. Market expectations per certain assets

Bitcoin Model Expectations – To the Model

Guys, to say my model was pretty close would be an exaggeration. My model put Bitcoin right around $42,000 during the next bullrun. My range of significance was between $35k – $55k, but you get the picture. Now, from a mathematical approach it was not that hard to predict. Once an assist attempts to scratch 1 trillion in market cap, there will be some resistance. Bitcoin is not far from doing this now.

Although what my model could not predict is the outcome of Bitcoin breaking $40,000.

Crypto Market Pressure

What I mean to say is, I could not predict Tesla and Elon musk of all people investing into crypto PUBLICLY. Now, we know without a doubt that most, if not all, of the largest hands around the world own some crypto. Regardless of what the say, they DO. Trust me, THEY DO. Do you know why?

Why do the rich invest in Bitcoin?

They invest into Bitcoin for diversity. Diversity in their assets does one thing – it protects their wealth.

People with more money then they know what to do with want one thing. To protect their wealth.

Think about it with me. The market is insanely high right now. I mean the traditional market. Houses are selling in days, stocks are out of this world, we have huge monopolies, and companies with values in the trillions. The world, in a financial sense, is on fire right now.

Great right? No.

That just means at some point, it will crash. We are in a massive, undeniable bubble. People are making 2x and 3x over night on traditional stocks. Not just some people, but thousands of people. Whenever there are that many “winners” there are bound to be that many “losers” later on.

What Do the Billionaires Know About Crypto

The billionaires, the hedge funds, and the governments have known. All three of those entities are already, and have been for years investing in Bitcoin. South Korea, Japan, Russia, China, and yes parts of the US are already holding Bitcoin in reserves. They know the power of diversity. Now today, the largest companies in the world are joining the trend publicly.

You see, when the lights turn off on this movie we’ve been living and the tide turns, commodities and crypto will be the strongest assets to hold on the market.

Anyways, that is my rant on what’s to come for the global economy. That is why crypto is important. Moving forward, lets discuss my expectations for some of the other top assets in the market. Namely:

Crypto Market Expectations

I am going to just dive in and hit each topic directly. Remember, these are just my personal perspectives on the crypto market and each project. Do your own research, develop your own opinions, and feel free to comment/make fun of my comments on Twitter.

*Note after writing. I realized That there is another group of assets to comment on – These are the generation three projects like EOS, TRON, Vechain, IOTA. These projects all are a toss up. There is no clear indication of how these projects will fair, but being this is their first or second bull market. It will either make or break them. Anyways – continue on please :).

Ethereum Bullmarket Expectations

Ethereum is clearly the second largest crypto for a reason, and there is no arguing it’s place in this market. The giant has proved itself since 2014 and continues to do so now. For Ethereum’s expectation, I mainly looked at the last bull run and compared it to where Bitcoin sat. For reference, Bitcoin scratched a $300 billion market cap last bull run.

Given the additional exposures the market is accruing currently and the further developments on Ethereum, this is not out of the realm of expectations. I would say, if Ethereum crosses $300 billion in market cap then it would be a strong sell signal. The only thing that could derail this would be huge investor influx similar to what Elon just did for Bitcoin. Given that does not happen and due to the continued lack of understanding from the traditional market, then Ethereum will probably scratch $2,600 at some time this bullrun.

Cardano Bullmarket Expectations

While Cardano might be new to some of the eyes and minds of the crypto elite, it is not new to me. I have been following this project extensively since Charles’ whiteboard video several years ago.

This project bridges to be the financial arm of smart contracts that are verifiable through function based coding languages. Now there is much more to the project, but it has clearly showed huge promise, great community strength, and resilience.

Predicating a level for this asset is truly difficult due to several factors. This asset has pushed out staking in the previous year which drastically can manipulate the circulating supply and it is still fairly new to the market. For this projects expectations, we can look to the other top assets last bull run and measure the changes using Bitcoin’s and Ethereum’s new range as a ratio.

I am pushing this asset to break $50 billion in market cap this bull run, but will probably shy away from going over $75 billion for some time. Anything of $75 billion is an incredibly strong sell signal. Plus, the company is not quite there yet to be valued at such a level. I have faith that it will one day though.

Binance Coin Bullmarket Expectations

If you do not use Binance, then I am not sure if you are even in crypto. Binance, the largest exchange on the market, is clearly going to hold an asset that is in similar regards. Binance Coin has been one of the riskiest and most profitable holds in my book for many people.

I personally stayed away from this asset due to its direct ties to an exchange, but that is also it’s strength. You see, it automatically has utility and purpose.

Now, what do I expect from it this bull run?

Well, to be honest it has already exceeded expectations. Scratching $20 billion market cap is huge for this project. I could easily see this project shooting for $30 – $50 billion, but I would not see it as a huge hodl for any company or government ever. Still, it should remain a top 10 project given its reputation and utility and maintain that spot moving forward.

Ripple Bullmarket Expectations

Whew here is a hard asset to discuss.

Full disclosure, I predicted Ripple to be one of the most profitable holds the last bull run in 2017. I personally got in at $0.10 and followed up to $2.00. I had full faith in the project back then and knew it would be huge.

Although, that perspective has changed drastically over the past few years. So much so that I do not even own it anymore. Why might you ask?

Well, there has been several issues with the project including continual dumping on investors diluting the value of the project over time. Not to mention the previous founder Jeb has been constantly selling millions of his share of the project every single month for years.

With the company Ripple dumping on investors , Jeb dumping monthly, new SEC troubles, and the lack of development on the banking end, this project has sort of run its course with me.

Now, the project still could post gains. I am expecting Ripple to easily break out above $1 and get past $50 billion in market cap, but it will not hold in my opinion. Slowly this asset might die off. Sad to say it, but it needs a new perspective for it to continue.

Polkadot and Chainlink Bullmarket Expecations

Lets all welcome the new comers to the spotlight of the crypto market! As exciting as the market is, new projects make things that much more interesting. New teams, new ideas, and furthering the impact of crypto as a whole.

Again in full disclosure, I do not own these projects, but I have started to watch them closely. Polkadot is aiming to bring full interoperability to the market, while Chainlink is trying to become the go-to oracle for smart contracts. Since these projects are new and do not have any market history, there is no real level of expectations. I would say, if they can maintain top 10 spots then they should fair just fine. Probably will reach market caps of $25 billion (Chainlink) and $35 billion (Polkadot) respectively.

Dogecoin, Bitcoin Cash, and Bitcoin SV Market Expectations

These projects you might say are very different from each other. Well, not really. They are all historically pump and dump projects that were once all former carbon copies of the Bitcoin core code.

These projects sadly do not have any intrinsic value, but they are “fun” projects the market has deemed acceptable. What I mean by this is that… people pump them and dump them within days on the market. Over and over. The only reason they stay afloat at the top of the market cap rankings is because of their volume, market wide acceptance, and the allure of making huge gains in short amounts of time.

These projects will sadly eventually die off and fall out of the market scene. Now, in the short-term there is still money to be made off of them if you so choose. But be very careful. These projects will dump as much as they will pump overnight leaving you with bags of dreams and hopes.

Dogecoin is already higher than it should be and will probably fall soon. Although if the entire market pumps, it might maintain current levels and grow accordingly. Bitcoin Cash and Bitcoin SV have yet to see their big pumps like historically suggested. I would watch these and you might be able to make a quick buck watching the charts with them.

Litecoin, Stellar, Monero Market Expectations

Looking to the legacy coins – the coins that have been on the market for several years consistently breaching top 10 spots.

To address these coins as a group – they are not going to go anywhere soon. They will probably still be around the next bull run simply because of their use across the market and strong communities. Now, Litecoin most certainly will not be able to keep up with it’s cousin’s growth (Bitcoin), but it should reach new all time highs and probably will stay in a top 10 spot. Likewise, Stellar and Monero always seem to secure a top 15 or 20 spot somewhere. That is due to several reasons, but the projects are well known throughout the market and proven over time. They are trusted by traders, investors, and speculators.

Some of the newer projects have not been market tested, while these have been time and time again. Holding these projects will be the equivalent of holding a market portfolio of traditional stocks. I view these projects as such:

  • If the market goes up, these projects will go up
  • If the market goes down, these projects will go down

Fairly simple. Anyways, these projects will more than likely experience new all time highs, but I am not as familiar to say where they will stop. Your best bet is trailing stop losses and keeping a close eye on the historic data for assets in similar spots relative to Bitcoins new price points.

Crypto Market Expectations 2021

Thanks for reading my post on Crypto Market Expectations. Remember, these are personal views that I hold and should be treated as such. Do your own research, make your own bets and as always – Enjoy the ride.

Cheers

The Malta Financial Services Authority (MFSA), the country’s top regulatory body has released a statement saying the cryptocurrency exchange behemoth Binance is not authorized to operate within its jurisdiction.

Binance Not Licensed By Malta’s Regulatory Agency 

According to a statement from the MFSA released on Friday (February 21, 2020), crypto exchange giant Binance is not a licensed business regulated to operate within Malta’s jurisdiction. The country’s financial watchdog also claims that the crypto exchange has never been issued regulatory approval.

The quote from the MFSA is geared towards the recent media reports referring to Binance as a “Malta-based cryptocurrency firm”. A quick statement from the recent report reads:

“Following a report in a section of the media referring to Binance as a ‘Malta-based cryptocurrency’ company, the Malta Financial Services Authority (MFSA) reiterates that Binance is not authorized by the MFSA to operate in the cryptocurrency sphere and is therefore not subject to regulatory oversight by the MFSA.”

According to the MFSA, crypto businesses operating within Malta must be licensed in accordance with the Virtual Financial Assets Act of 2018. As Binance is not, the crypto exchange does not fall under the regulatory purview of the country’s financial service, per the MFSA’s statement.

Previously, Binance reportedly operated out of Japan. After receiving a warning from the country’s regulators back in 2018, the crypto exchange announced it was considering moving its operations to Malta. In March 2018, CEO of Binance, Changpeng Zhao was quoted saying:

“Malta is very progressive when it comes to crypto and fintech. We think it is a good place for other crypto businesses to look into as well.”

Zhao also claimed he was invited by Malta’s government to consult on an upcoming crypto bill. 

The statement from the MFSA comes at a time when Binance is experiencing technical difficulties on its crypto exchange platform. On Wednesday (February 19, 2020) the firm suspended a bulk of its trading activities due to unscheduled maintenance. 

Where Exactly is Binance Located?

Back in 2019, Chinese authorities reportedly raided and shut down Binance offices operating out of Shanghai. The crypto exchange giant released a statement denying the existence of fixed offices in the region. An excerpt from the statement reads:

The Binance team is a global movement consisting of people working in a decentralized manner wherever they are in the world so it makes no sense that police raided on any offices and shut them down.”

Zhao has also previously described the utilization of physical offices as an outdated concept. In November 2019, he posted a tweet comparing centralized offices and headquarters to SMS and MMS technology.

Recent Binance Developments

Recently, there has been further developments on the matter with the Binance CEO stating that they have always complied with local laws based on where their offices are at.

Although, multiple people in the crypto space, including some of the news agencies, are starting to notice that Binance has never clearly and fully stated where their head quarters are located. Most recently, the company has even removed some sections about Malta in their documentation and compliance.

In addition, Zycrypto recently pointed out that Binance’s chief growth officer, Ted Lin, even posted that the comments about Malta being a headquarters for Binance was more of a spiritual expression. Apparently, when people think about Binance, now they also think of Malta as he puts it. It will be a rough break up in that case.

Crypto custodial service and blockchain development behemoth BitGo announced its acquisition of digital securities platform Harbor. The acquisition is geared towards the crypto firm’s ambitions of becoming a full-stack digital solutions provider.

Nothing should be considered investment or financial advice. Enjoy the ride.

BitGo Expands Into The Digital Securities Market

According to reports from, crypto custody solutions provider BitGo has reached an acquisition deal with Harbor, a digital securities platform. The crypto custodial firm announced the news via a press release published on Tuesday (February 18, 2020). The acquisition also gives the blockchain developer control over Harbor’s subsidiaries which boasts crypto transfer agent and broker-dealer capabilities.

Commenting on the details of the deal, CEO of BitGo Mike Belshe said the crypto custody firm is now capable of providing a wider range of digital assets solutions to institutional investors. Belshe remarked that:

“Our vision has always been bigger than wallets and custody, and acquiring Harbor furthers BitGo’s vision of building a new digital infrastructure for financial services. We believe participants will ultimately need trusted, full-stack solutions for digital currencies and now BitGo is well positioned to address institutional requirements as the market develops. BitGo has been an important partner since Harbor’s inception. We’ve worked closely together to integrate BitGo Business Wallets and BitGo Custody into Harbor’s services.”

Mike Belshe, CEO of Bitgo

Harbor made headlines back in April 2018 when the firm raised $28 million in a strategic funding round led by venture capital investment firm Founders Fund. Launching its Regulated Token (R-Token) as part of its blockchain-based compliance protocol, the firm planned to introduce tokenized securities backed by real-world assets such as real estate and investment funds to name a few.

The digital securities provider also bagged a transfer agent license from the Securities and Exchange Commission (SEC) in November 2019.
Speaking on his firm’s capabilities to contributes to BitGo’s range of digital asset solutions, CEO of Harbor, Josh Stein said:

“Harbor provides BitGo with a complementary technology stack for the lifecycle of digital securities, as well as important service capabilities through our digital assets broker- dealer and transfer agent subsidiaries.”

-Josh Stein, CEO of Harbor

Crypto Custody Marketplace Remains Competitive

Reportedly, the largest bitcoin processor in the world with over $15 billion in cryptocurrency transactions per month, BitGo, is not only a giant in blockchain tech, but also in digital securities, and crypto custodial solutions as well. Specifically, the Palo Alto-based crypto solutions provider became the first custodial service tailored to digital currency and virtual asset requirements after launching BitGo Trust in the U.S. in 2018.

Bitgo Custody Solution

In addition, the blockchain giant introduced two new custodial entities in Germany and Switzerland as part of its expansion into the European crypto custody market. BitGo noticed an increased interest in crypto custodial services across Europe and seized the opportunity to introduce BitGo Deutschland and BitGo GmbH. Although BitGo is a leader in the global crypto custodial market with more than 300 clients spread across over 50 countries worldwide, the company is not without a plethora of competitors.

Coinbase Custodial Solution

Back in July 2018, digital asset management behemoth Coinbase announced the launch of its crypto custody service for institutional investors. The firm believed the move could facilitate the widespread adoption of cryptocurrencies and virtual assets. As of May 2019, Coinbase reportedly managed a massive $1 billion worth of crypto and serviced about 70 institutions worldwide.

Gemini Custodial Services

Gemini, a crypto exchange giant owned by the Winklevoss Twins launched its own custody service in September 2019.

Dubbed Gemini Custody, the service promised to provide institutional-grade crypto storage powered by industry-leading security technology. In March 2019, global technology heavyweight IBM announced a partnership with investment firm Shuttle Holdings to launch a crypto custody solution tagged Digital Asset Custody Services (DACS). Powered by IBM’s cloud infrastructure, the service reportedly provided extra security through cloud encryption.

With the halving coming up, I want to weigh in my 2 cents on what I predict will happen. Although, first I want to share two quick stories that happened recently, and remind everyone reading how early we are to the this market. Then I will focus on the general sentiment of Bitcoin, CME Gap, and macro view of the supply cut from the halving.

Nothing should be considered investment or financial advice. Enjoy the ride.

Bitcoin Story Time

Before I dive into the price estimate, and what I think will happen in May, I want to tell a little story. Two stories to be exact.

Bitcoin Went to $20,000

This first story is from the other day at lunch where I over heard a conversation.

I work in a corporate setting for my day job in the nicest building in my city. At a restaurant across the street, I grab a lunch everyday and usually chat with the owners and workers.

A funny thing happened though. The waiting area is quite small, and two older gentlemen in very expensive suits walked up to get a table. There was a 5 minute wait, so they started to talk. Ironically, they started to discuss Bitcoin.

Do you have any of that Bitcoin? The man on the left asked the other man.

No, I do not like that stuff. It is all made up and you’re going to lose your money. said the other man

But it went to $20,000! I hear it is about to make another change as well. I really think you should look into it. I do not know what to do with it, but everyone is talking about it going up again. – man on left

Is your money in it now? – man on right

Yea, I have a little bit on Coinbase. – man on left

Good, take it out now. That’s the only way you’ll ever see it again. – man on right

Now, I could have interjected and had a discussion with these gentlemen about the topic, but I wanted their organic opinions. I love listening to what people think, especially when they think no one is listening.

While this was unintentional eavesdropping, it reminded me of the lack of understand still today in 2020 of Bitcoin. Many of the elite and wealthy people in the world, still have very little idea of what Bitcoin actually is.

Bitcoin is Worse Than Gold

There was one other funny conversation that happened at work with a co-worker.

The guy I was talking to is rather smart, but does not know much about crypto. Without going line by line, he basically made the case for gold being better than Bitcoin.

Unfortunately, he knows very little about crypto in general, and it made me not even want to have the conversation. I am unsure about most of you, but when people bring up crypto in conversation, I start to want the conversation to end.

The barrage of questions and claims of corrupt internet money, and fake coins really make it seem useless to discuss. Although, I try to direct them in the right direction by countering aggressive ideas with thought provoking ones.

The co-worker defended the point of, you can do things with gold, but what is a Bitcoin good for. It holds no value.

Without going into the countless stories of Iranian women owning their own virtual bank accounts for the first time in history because their culture and religion did not allow them to have bank accounts, the billions of dollars exchanged in Bitcoin daily for goods and services, the endless amount of infrastructure currently being built upon the Bitcoin chain by the largest companies in the world like Microsoft for ID verification, I simply said the transactions store data. I said this because he works with data.

What data? he asked.

All of it. I answered. Whatever you want it to store really. You could store the most important documents in the world on it in transactions, or you could send someone in Russia Bitcoin right now with no questions asked encrypting a message in the transaction if you knew how to.

He quickly dismissed the entire conversation, but again it opened my eyes to the lack of understanding about the grandfather of all cryptocurrency. I guess it will truly be like the internet. Everyone asked: why would I need an email address? Why would I need a website?

Today, all of these things seem like common sense, but back then it all seemed silly. I see Bitcoin as the same narrative.

Bitcoin 2020 Price Idea

If you read all of that, it was simply to convey an idea. The market is still incredibly young and immature. There is so much development, implementation, and acceptance still to come for not only Bitcoin, but all blockchain.

Back to the price of Bitcoin. The upcoming event of the halving for Bitcoin, it pretty much the superbowl of crypto. Every single investor and speculator is waiting patiently to see what will happen, and if Bitcoin will shoot to the moon again afterward like every other halving.

Personally, there are a few things I like to consider first.

CME Gap Price Of Bitcoin

For those that trade or watch any crypto Youtubers, the CME is a hot topic.

Historically, almost every futures gap has been filled due to the volatility of the market, manipulation, and trading beliefs. There is a simple saying where if everyone expects it to happen, everyone will plan on it happening and it will come true.

The same could be said about the Fibonacci trading levels for traditional stocks. They are made up levels of price movements based on universal ideals, but because so many people trade on them, they become real indicators of price movements through global acceptance.

Ironically, Bitcoin’s CME futures has become the same indicator. Since almost every gap has been filled, the $8,500 gap that has been left open since the recent price surge back to $10,000 is on the radar. It would be a safe bet to assume Bitcoin will dip back to the $8,300 to $8,700 levels leaving two options.

Either the price will break through the floor crossing the $8,200 level into the $7,000’s or it will not completely fill the gap due to competition from buy orders placed right below the gap around $8,400 and rebound back above $10,000.

Bitcoin Strategies in 2020

This will probably take place over the next 2 months, and leave a speculative summer market. Last year, we saw a huge bull run right before the summer months taking Bitcoin upwards of $14,000 which was unexpected and exciting. The price traveled all the way from the yearly low of $3,000 with most people claiming the death of the crypto market was at hand.

Although from research and polls, most people are continuously dollar cost averaging (DCA) into the market and not trying to swing trade these dips. From my perspective, most people still investing from 2017, are not shorting or trading, but patiently accumulating. The hodl is a waiting game, that most true crypto pioneers have perfected at this point.

Bitcoin Could Surge to $40,000

Personally, I think Bitcoin could surge upwards of $40,000 over the next 2 years. This would smash the previous all time highs of late 2017 doubling the previous $20,000 high.

There are a few arguments for this, but specifically the halving is going to play a huge part in this. The OTC market is already drying up with supply diminishing from heavy handed individuals putting organic upwards pressure on the market. Once the halving prices in, the mining industry is going to be in for a rude wake up call.

Currently, the network is consistently pushing all time highs and creating competition. As Satoshi stated, eventually Bitcoin mining will only be profitable by the largest mining facilities limiting the mining potential of individuals and smaller shops.

What this will do is start to give control of the supply from the mining operations to the largest groups creating a sort of funnel that will more than likely aim to maximize profits on both ends. With this being the case, the OTC market will suffer large set backs as contracts are renegotiated, supply is cut off periodically, and demand will be at all time highs as investors FOMO back into the market.

Why $40,000 Bitcoin

To be honest, Bitcoin could go much higher than this. $40,000 is a number that my Bitcoin projection models spit out back in 2018 that we should reach during the next bull run. Although, even at this price, Bitcoin’s market cap will still only be a lowly $800 billion.

This will not even make Bitcoin larger than some companies on the stock market. Comparatively, Bitcoin should start exhibiting trends and growth comparable to gold’s historical price movements. Given there is more wealth in the world than ever before, Bitcoin should actually far exceed gold once custodial solutions are common, ETF’s are launched, and the stock exchanges open their doors fully.

This is just my projected value for Bitcoin. Make sure to leave a comment on what you think Bitcoin will grow to below in the next bull cycle, and make sure to share if you agree with some of the points above. Cheers