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Yanik@bbs

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I see patterns, draw parallels, and mostly make profitable decisions. Dubbio ergo son… Pax literatí… Game theory proposes that: • 20% will be self-seeking • 20% will be moralistic • 60% just follow the one of the two they are greater exposed to… Where do you lie… why? Banter on, Banter strong

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Making Bank Day Trading…What's Nex ?

What do you do with your idle digital assets?About two years ago, my uncle gave me 200 XRP under the instruction not to sell until it was greater than $10 a token.I said thanks and immediately set off in search of ways in which I can stake or enable the asset to multiply itself. I eventually came across a platform called NEXO. For those unfamiliar with it: NEXO is a digital asset custodial platform based out of Switzerland that enables you to reap a full gamut of advantages of the legacy financial services with your digital assets. Mainly borrow against and earn interest on, and facilitate real world use through a credit card.They have since expanded their services to now offer an array of leveraged services, which I admit that I have yet to explore. How does NEXO generate revenue?NEXOs main revenue streams, I imagine are from the interest payments/liquidations that occur on these loans that they provide. Another major revenue stream is from their own $NEXO token, which incentivise platform users to maintain a given ratio of their portfolio in $NEXO by granting them more generous interest accrual rates and more advantageous interest rates on loans (highest tier I believe enjoys 0%). I originally did not purchase any $NEXO tokens and opted to receive an additional 2% interest rate boost on my assets by opting to receive the interest in $NEXO until my portfolio achieved platinum tier (10% in $NEXO).NEXO also gives you a boosted interest rate if you elect to lock your tokens up for a fixed term…Greater the time span the more significant the fixed term interest rate boost.Then for a while I continued to collect the boosted interest rate in $NEXO and convert the $NEXO into $XRP at the end of the fixed term period, usually every month. I suspect that another of NEXO's revenue streams are that they would then do whatever staking or DEFI with your assets, or just be a liquidity provider.As their interest rates for other assets have consistently been lower than those attainable for "stakable assets" e.g., ADA.However, NEXO boasts to have insurance coverage of up to $775 M on custodial assets. I have recently switched my interest back to accrual in $NEXO after I found out that NEXO is planning to expand their platform into being a full fledged exchange (spot, margin, and futures), with the launch of NEXO Pro. Which will increase the utility of $NEXO and possibly demand.Along with adding another revenue stream…admittedly, I refrain from using NEXO Pro, due to their exorbitant fees.  I gather from their youtube channel that they are positioning themselves to mimic the business model / tokenomics of Binance /$BNB in that holders share in the platform's revenue. This is why I classify $NEXO amongst the class of REAL YIELD tokens and not driven mostly by "ponzinomics" .  What value NEXO provides to the day trader  Now that I am dealing mostly with stable coins I enjoy a 10% "Flexible" Interest rate on my dry powder. All NEXO interest eligible assets accrue and compound daily. What's the catch? Like all things that offer rewards, there are risks attached, and Uncle SAM doesn't allow its citizens to participate/benefit in the collection of these rewards. Yes, there are your regular run of the mill risks that come with all custodian services: • Smart Contract risks• Hacking • Etc. But over 5 million users worldwide have trusted NEXO with custody of their digital assets.Plus, with a 4 year track record of smooth operations.I did not hesitate to open an account for my father this last week NEXO:• easily survived the LUNA collapse despite having had exposure to the ecosystem, • is domiciled in Switzerland a country that prides itself on its robust financial institutional services• has me so pleased with their platform that I'll even promote it without my referral link Just sharing what I am doing DYOR Banter On, Banter Strong!✌️4y

Crypto Banter

Off the charts (my journey so far)…There's still hope for Fred 🤞

GM Fam, Last week was another successful one trading, hopefully for the majority of you too. On the 14th of August: On the 21st of August: I trade $BTC daily (100x leverage) I post a new article every week, and I'll update that post multiple times during the day.Every day of the week. This week's article So, for those of you that opened my weekend update. I tried my hand at trading and not just scalping, lost some by minding the position for too long and got stopped out yesterday in the lower liquidity manipulation that occurs on Sundays, but recouped it soon enough when I reverted to scalping. My scalping philosophy is that you must be vigilant, scalping is like driving.Max leverage requires max attention. The main take aways that dawned on me last week was that every time that I realised a loss was due to my own capitulation…the decision to close a trade in the hope to stop the bleeding only to see price rebound and hit the former TP. Midweek I decided to trade without stops, always using a small portion of my portfolio to keep the liquidation zone far away. Scale into your entries and only resort to a stop loss on your last order.The tides quickly changed.4y

Crypto Banter

Demand & Supply in Derivatives DeFi

What if I told you there was a way that you could get paid to trade… A derivatives exchange is a market place. Like every market place the forces of demand and supply manifest themselves in subtle ways. The revenue generation mechanism underlying a derivatives platform is the same as that of Ebay, Amazon, iTunes, etc. They provide the digital infrastructure that facilitate transactions between buyers & sellers and tax every transaction between the two. Economics presumes that persons are all rational actors, but what mechanism is there to promote market participants to act irrationally and risk their capital to the counter trade of the masses, and technical analysis… beyond sheer speculation? This, is where the Funding rate comes in, every 8 hours a given percentage of holders' position is exchanged between those that are short and those that are long on a given position. This rate is dependent on the proportion of positions in the market over the last 8 hours. The funding rate does not vary in accordance with the leverage level selected and it is most attractive to those with high net worth and that have experience with leverage trading. ByBit is a unique platform in that they allow you to "hedge" your positions by going long and short on a given trading pair. Allowing you in theory to trade with the masses according to your technical analysis and collect passive income by holding a bigger position in the appropriate position (short or long) Just sharing what I am doing. DYOR Banter On, Banter Strong!✌️4y

Crypto Banter

WSOT Results & Performance review

Hey Fam, So the World Series of Trading hosted by ByBit has come to an end… However, the team would have done better if the majority did not partake. A closer look at the squad's performance revealed that the teams success was owed largely to 40% of the traders. Including the 1% that did not make trades, and the 29% of traders that managed to conserve their starting capital.60% of the participants lost and the performance of the 13% that managed to make a profit had only managed to carry the entire team that to that astonishing 109.06% overall performance. Moving forward, the BanterFam needs to work on their skills and or with the launch of the Sniper's NFTs innovate to better lead the team through closed call groups to coordinate victory. I'm stoked for next year's competition, when we are not a team of novices, but a seasoned unit of precision snipers.Click click Banter On, Banter Strong!✌️4y

Crypto Banter

Bullish on $DOT for the longterm…? consider these options

So, we have been getting many prompts to stock up on $DOT by the good old [& young] people over at Banter.But what are you going to do with that newly acquired DOT?Here are the Acala options:1. You can stake your $DOT with acala and get the DOT standard 14.9% APY (autocompounded)2. Stake the $LDOT that you receive from liquid staking with acala for an additional 4.54%  3. Take the liquid dot, swap & commit it to any of Acala's options in their DEFI suite  4. Arbitrage your DOT for lcDOT lcDOT is what those whom have contributed their DOT to back Acala in their parachain auction bid received in exchange for their DOT. lcDOT will be exchangeable for $DOT in December 2023 I drew up a table…all calculations were made assuming that the highest APYs will remain constant 🙄 Personally, I'm not putting all my eggs in one basket and instead of compounding my Defi rewards I'm swapping them for lcDOT.All things in DeFi carry a certain degree of risk lcDOT arb + DeFi was given a higher risk rating because if you loose your lcDOT you don't get your DOTJust sharing what I'm doingDYOR Banter on, Banter strong!✌️4y

Crypto Banter

Loving Sheldon's live shows master class… but maybe

Today's live stream was great, I love to learn!However, not everyone is able to dedicate the time, or can always get to jump on the live stream at the exact time.I clicked on a bybit link labeled "Copy Trading" and think that Sheldino could maybe branch into that as a side hustle, and lift the banter portfolios of those who aren't as dedicated to learning. Maybe even @MamaSniper too!The price is a mere percentage of the profits.If ye other Banters are in agreement like or comment. Banter On, Banter Strong!✌️4y

Crypto Banter

What's up with $GARI?

Below is an excerpt from my more in depth review of the price action on Banter's Charting BBS Fundamentals / Bullish indicators / My takes The launch in the US markets has the power to be a great catalyst for the Chingari network.Beyond the network effects of expanding, of onboarding more users. The US markets opens up the price action to a financial population that is a little bit more significant. I don't know if this was intentional or not; launching in the developing world before onboarding the developed countries. But there is something to be appreciated in the Robinhood-like design especially with the notion of "ponzinomics" floating around like a heavy cloud over these web3 / defi-tokenomics. I do not think that "ponzinomics" can be applied to this ecosystem's tokens, beyond the natural fundamental law of buying early, when prices are low. Simply, due to its capped supply further bolstered by its created dual usecase as a reward token and an earning potential by engineering a defi ecosystem for its tokens. The ingenuity of this reward mechanism / defi infrastructure usecases is that it disincentivizes selling amongst the astute users.  If it is a fixed supply. What happens to the network once all the tokens have been minted?Looking at the Chingari networks operation, before the release of the $GARI token, they rewarded their users in ƒiat. Looking at Tiktok/Youtube/all social media platforms. Why do they exist? What are the incentives that motivate people to curate their own brands. Beyond juvenile bragging rights, are there revenue streams opened that drive people to become influencers. Consider the value of a given platform? The product endorsements, pinpoint accuracy to potential advertisers for a particular subset of a population. The $GARI token's use case of enabling you to back / delegate your tokens with a given content creator to share in their platform's profits. $GARIs defi play is  basically the tokenisation of an influencers platform. Just sharing my insights with the fam (DYOR), Banter On, Banter Strong!4y

Crypto Banter

Banter BBS back at the #1 spot…

Banter is back in the number one position.Leading in daily posts/purchases.However, we are trailing behind the number two group when it comes to community funds by more than 50%.Due no doubt in the amount of activity that they garnered in the mining phase of BBS.Meanwhile, the BBS Network token is trading ~62% beneath its launch price and ~84% below its all time high4y

Crypto Banter

JPEG'd staking pools retired…

For all those that had followed the guidelines of the 2022 Crypto Banter Calls (Degen plays), purchased JPEG and followed the Banter Yields staking guidelines and opted for either the single side staking  or being a liquidity provider (pairing the JPEG with ETH).These two pools have been retired and if you wish to resume generating a yield on your staked assets you are required to withdraw your assets and reallocate to the lone option now available: their LP pool for an APR of 40%.4y

Crypto Banter

Who doesn't love a good moon based conspiracy theory…🌘 👀

Terra had to be taken out ☠️Why?   Qui bono? The Fed is now in the midst of battling record high inflation. Traditionally inflation had been managed through quantitative tightening, mainly by the manipulation of interest rates (the main form of money creation in a fractional reserve banking system). Interest rates go down, more people borrow; more money is created as there is less risk in taking on debt. Interest rates go up and people become less eager to take on debt, which had always effectively slowed down money creation. An often recited threat of Bitcoin adoption and to some extent cryptocurrency on the whole, is that it undermines a country's fiscal authority / autonomy. Until mainstream adoption is achieved we are a long ways off from that threat materialising. However, there is a special class of crypto currencies that have become something other than a volatile asset upon which people risk their hard earned cash & speculate. The attempts at creating digital mediums of settlement / dollar equivalents have all failed until BTC/Satoshi. For the simple reason that the USG would not let them be… USDT & USDC are supposedly asset backed and essentially American companies. They must abide to the follies/mandates of the US government. If Uncle Sam decided to seize their assets/pull the plug on their operations...? Terra/Luna is a Korean/Singaporean digital counterfeit mill that not only had assumed "as good as the dollar" status, but gave unprecedented interest on their counterfeit by means of @anchor_protocol.   The Terra Luna founders combat the US court's subpoena by counter litigationTERRA/LUNA's existence can be framed as a hostile threat by a foreign agency and given the contentious state of the financial climate and the backlash faced by the SEC's attempts at any kind of crypto regulation…Terra/Luna had to be exterminated expediently and covertly. Engineer the collapse of a Blockchain/Defi ecosystem or sit back and watch your own economy tumble into a Recession 4y

Crypto Banter

Not about to give a UST eulogy, but a look at what else is out there… UXD protocol

I do not need to remind you of the reasons why a decentralised stablecoin is necessary, nor am I going to amplify the FUD that reverberates through the echo chamber of crypto twitter.However, I do wish to share with you that $UXP is currently at an all time low! In its whitepaper UXD protocol outlines the problems with the different types of stable coins, fiat backed: centralised/prone to censorship & worth/backing ambiguity (e.g., USDT & USDC)cryptocurrency backed:capital inefficient & can be unstable during periods of extreme market volatility algorithmic: at risk of collapse in confidence, and run on the banks (e.g., UST & LUNA) UXD Protocol mints their stablecoin on demand (users convert digital assets to attain $UXD) these digital assets are then secured by delta neutral positions (shorting & longing a given position simultaneously to ensure value stability despite market conditions). Those that stake $UXP earn the revenues of the platform. UXP is featured on the official 2022 CB calls as part of their degen plays, if you buy now you are buying at the ideal risk/reward time and with staking available providing a 50% APR with 90 day lock up period. Anyone care to guess what I'm doing? Banter On, Banter Strong!✌️4y

Crypto Banter

Post for coinweb giveaway? What Ran really said (transcribed)…

I'm going to give away $10,000 of Coinweb What is Coinweb? Coinweb is a crosschain computation platform; it is a layer two that brings a whole lot of chains together. And affectively, you know, the problem with cross-chains, in this case they don't bridge the tokens, which is amazing. So it decouples the blockchains, you can have parallel executions of smart contracts, which really gives a different dimension. Now, we are giving away $10,000 of coinweb tokens. How do you do it?1. You have to subscribe to the cryptobanter newsletter on the cryptobanter website2. Comment on BBS.market/bbs/BANTER4y

Crypto Banter

2. Posting on BBS market that I joined

Join me in following this newsletter? 👀 https://www.getrevue.co/profile/CryptoBanter via @revue 4y

Crypto Banter

AfterBanter: Community Lead Channel

Given that the call in shows are always so well received, I thought why not have call in shows after the episodes where we the BanterFam could banter AfterBanter :) I created the channel, doubt I alone will be able to host all the post episode shows.So if anyone is keen on sharing the hosting responsibilities let me know. If the channel is succesful there is the possibility for monatization, it will be shared proportionately with the hosting community. Let me know what you think of this idea, and if you are interested in the project in the comments below. For those that are bullish on this venture and wish to subscribe to the channel the link is: 4y

Crypto Banter

Chingari Network (some fundamentals…why I'm bullish)

This post is an excerpt from a more thorough post (on CHARTS) that attempts to account for the positive price action currently taking place on $GARI Fundamentals What could be responsible for Chingari's token to be running contrary to BTC and the rest of the crypto markets at this particular time?The answer could lie in India's demographics & geoploitics, Chingari's use case, market, and tokenomics… To fully appreciate the potential of Chingari as a platform, we must not take for granted that India today despite all of their advancements still harnesses one of the world's largest impoverished  population. Tiktok immediately gave over 200 million talented and untalented [but daring] Indians another route out of poverty by facilitating the provision of a worlwide platform that content creators could get paid directly from Tiktok and other entrepreneurial endeavours.  These confluence of factors easily lead to India becoming one of Tiktok's largest markets. Tiktok is a Chinese product, and following a border skirmish between the Chinese and Indian armies over disputed territory the Indian government banned Tiktok along with 14 other Chinese applications (digital sanctions). Chingari is not merely filling a gap left by Tiktok's absence.Chingari has improved on its Chinese counterpart by espousing a "pay to watch" element or as they phrase it in their white paper, "empowering both creators and viewers with financial instruments".  This will likely not merely fuel adoption but act as a Nitrous injection and supercharge/boost its adoption. However, what convinced me on the growth potential of $GARI was it's use case. The GARI token is going to be used as a governance token, the social currency for messaging, tipping, and "e-tailing" purchasing the different products that influencers endorse.For those more interested in $GARI as an investment in the platform, they can stake for an APY which will give you a share of the platform's earnings or if you are convinced on the potential of a given influencer/content creator you can delegate through their account to earn a share of their income. Tokenomics… $GARIs circulating supply is 45.8 million with a Max supply of 1 BillionAt the beginning of this year there were 38 million active monthly users Tiktok boasts over 2 billion users if Chingari gets half of Tiktok's market share that is less than 1 GARI per user. The current market cap is roughly $28 millionIt's fully diluted market cap is half a billion About 200 M $GARI is scheduled to be unlocked over 4 months in latter part of 2023 into 2024. A possible reason for the recent positive price action is the platforms launch in Indonesia, with launches through out the world littered throughout this year, the introduction of staking, a wallet release and their roadmap ends with the 2023 launch in USA & Canada.4y

Crypto Banter

Alternative Banter Yields ($JOE & $GLMR)

I bought my $JOE on the centralised exchange OKX and like many of you I got rewarded with $GLMR in the Polkadot parachain auctions.On the Banter Yields spreadsheet they listed the APR for $JOE at 26% and $GLMR at 25%. I found that OKX had offered a 51% APY recommitting your GLMR [restaking] every 30 days . The link provided on the Banter Yields spreadsheet suggested GLMR staking is prohibitive unless you have a portfolio that is north of $15k given that the delegators have minimum GLMR requirements to be enabled to delegate with them. However, on OKX they offered a flexible staking APY of up to 365%, so I transferred my paltry GLMR rewards received thus far to OKX today. I invite you to follow my OKX referral link for a 15 USDT sign up bonus okx.com/join/12420573                                                                  BANTER ON, BANTER STRONG4y

Crypto Banter

Strike is basically a mining operation

Cryptomanran has done it again, poked the XRP hornets nest and without hesitation they've swarmed.🧵 As someone who's previously had $XRP as their biggest bag. I have been keeping tabs on the ongoings of the Ripple contra SEC  proceedings through the posts and videos of @moonlamboio. An XRP maximalist that had gained my respect even before I chanced upon Banter. Moonlambo retorted with the simple observation that all that Jack Mallers had introduced was what Ripple had unveiled 7 years ago, but brought into question the lightning networks ability to scale to handle the volumes that the Ripple Network shuttles daily (claiming it to be in the trillions of dollars). However, it was Moonlambo's critique of Mallers' claim that all these capabilities will be offered for virtually free and questioning how this could be achieved given the costly and substantial architecture required to support an operation of this magnitude that really got me wondering "Qui bono". One possible conclusion is that Mallers has engineered an unconventional mining rig for $BTC. One not at mercy to the Bitcoin's block complexity, hash rate, or halving.  When one makes a transaction using Strike/the lightning network where does that BTC go if not to the recipient's wallet?  Mallers?4y

Crypto Banter

The stock market is artificially kept afloat by the saturation of bots

High Frequency Trading Bots cushion the impact of any stock market downward momentumYes, there are bots in crypto too… but, all the emotionally reactive retail traders are in cryptoBots quickly front-run and buy up anyone that places a sell order and add massive liquidity to the stock markets4y

Crypto Banter

Sell USD for TRY…

Erdonogomics 101…………………………interest rates increase inflation……………………………………;………………………………Stupid FED !!!4y

Crypto Banter

Red days be like...

4y

Crypto Banter