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Major hard fork upgrades since inception & impact on pricesIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! In a few hours, block number 12,965,000 will be mined on the Ethereum network and the ‘ London Hard Fork ’ upgrade will be implemented. As of writing this post, the data from Etherscan shows that block 12,963,799 just got added to the network. A lot of hype has been doing the rounds since this upgrade was announced. The hype became even more resounding over the past couple of weeks. In this post, we will explore what these hard fork upgrades mean for the network. We will explore all the major hard fork upgrades to the Ethereum network since its inception, and the corresponding impact on the prices. Layman’s language for the definition of Fork: Blockchain networks such as Ethereum have a community. This community agrees or disagrees with a change in the network. It is often done to ensure that the network functions as smoothly as possible. In some cases, these hard forks are implemented to protect the network against potential harm, which we will subsequently discuss. Types of forks Codebase Forks : Copy of the original code, to allow for minor tweaks without developing the whole blockchain code from scratch. Blockchain Forks : Branching or splitting a blockchain’s whole transaction history, causing the new network to develop a distinct identity. Soft Forks : Gradual software upgrades—bug fixes, security checks, and new features. Hard Forks : A permanent modification on the blockchain We will discuss the Hard Forks that have occurred since the inception of the Ethereum network. ✔ Ice Age : It was implemented on September 8, 2015 In order to guarantee to switch from PoW to PoS within 16 months after Ethereum’s initial release, an exponential difficulty increase was added that would noticeably slow down new blocks being mined after about a year. After that time, the network would reach an “Ice Age,” where the difficulty would exponentially increase until it would be too high for anyone to find a block. The Ice Age gets manually delayed by a subsequent hard fork every time. Price saw an approximate 10% jump prior to the upgrade ✔ Homestead : It was implemented in March 15, 2016 It went live at block number 1,150,000. ETH's price jumped more than 1477% in the first 3 months of 2016. 14.77x return to investors in a matter of 3 months! ✔ The DAO : It went live on July 20, 2016 This upgrade was to save the network from further damage. A vulnerability on the network allowed an exploiter to walk away with 3.6 million ETH. To fix this vulnerability, the DAO hard fork was implemented. It also created the well-known cousin of Ethereum, the ETC or Ethereum Classic. ✔ Constantinople AKA St. Petersburg : It was implemented in February 28, 2019 Price dropped more than 16% from the recent peak. ✔ Atlantis : It was implemented on September 12, 2019 This September 2019 hard fork event required all software users to upgrade their clients in order to stay with the current network. Enhancements included better security, stability, and network performance for higher volumes of traffic. ✔ London Hard Fork : It will be implemented on August 5, 2021 EIP-1559 aims to strengthen the ecosystem of Ethereum ⁠— which is known for its smart contract capabilities that power DeFi, or decentralized finance, apps and NFTs, or non-fungible tokens among other improvements. ( Have added the image to the analysis, so that it can be downloaded and referenced) ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
BITSTAMP:ETHUSDEducation
by Mudrex
12
ETCUSDT looks healthy. Let's do pyramid profiting What is pyramid profiting ? When we add to our existing profitable positions, while managing risk properly, that's the way to pyramid profiting. Pyramid profiting is done when we see a healthy trend be it bullish or bearish. While bullish, we add to our existing longs, and vice versa for bearish. Basically, we are taking advantage of trends by adding to our position size with each wave of that trend. I see a chance to pyramid profit on ETCUSDT on 1H chart. If you see, ETC has shown good upward movement recently and achieved an ATH at $179, after which it declined a bit and seems to make another run upwards. Opportunities like these, are good for pyramid profiting, when there is a chance of a strong continued trend. Money Flow Index looks to move up, and if good volume emerges it could see another leg up breaking psychological level of $200 and beyond. Traders can open a long position, or buy with some percentage of their portfolios, and add to their positions when it reaches defined targets. SL can be used accordingly. Always do your own research. For more ideas like these follow us. Visit Tuned to create strategies with pyramid profiting. Happy Trading
Education
by Tuned_Official
1
Intro to SwayzePunkz: Should I trust Crypto Markets?! 👾I've made posts about this topic previously on my personal account, but it's time to show you what SwayzePunkz is all about. Disclaimer, just a dude that has some experience in the trading community, since 2018. This seems to be something I'm naturally good at, so I would like to share some of my thoughts... Not trading advice, just a dude with something relevant to say... In 2019, I made some Facebook posts in a Trading group called Advanced Traders that showed what I had learned in 365 days of trading. This brought me a lot of attention in that community as my view of the charts was vastly easier to grasp to most... and at that, a helluva lot more comprehensive, using nothing but human psychology to wade my way through this madness. I've always been fascinated with psychology, and have devoted 1000+ hours to the literature, for this, I think you may want to hear what I have to say... from this point forward. So to start, follow me on all social media (@swayzepunkz) but most importantly, here. Where I will be doing daily posts on charting, watchlists, and everything Blockchain-related. Let's dig in, shall we: First off, Crypto markets are an amazing place for beginner traders to begin. With only shy of 1200 coins and tokens to choose from, the market is saturated with growth potential across each coin! I'll touch on this in later posts, but for now, I want you to understand WHY CRYPTO? To begin, Crypto markets are young, but not naive. They were created by some of the greatest tech minds this world has to offer. People such as Elon Musk even get a thrill out of it (arguably one of the most intelligent thinkers of our generation). With the age of Digitalization, from the beginnings of television; to the most recent advancements in Quantum computing, we have to agree, digitalization has just begun. An offspring of this digital world is something we all call Blockchain, a digital machine that effectively creates a trustless accounting system for any globalized currency. This makes an interesting concept, with no banks, tellers, or even pens, blockchains can operate. Without banks, tellers, and old accounting techniques we can assume automatically, without a doubt a cheaper, more efficient, and more secure system (this part will shock you). In the last decades, programmers have been blessed with some of the greatest technologies of our lifetime, the ability to (at home), use a computer to program applications and programs from PayPal to Minecraft. Everything you use today was programmed almost the same way, CODE. Code is the logical rhythm of words, letters, numbers, and special characters used in a certain pattern to navigate a computer through a certain list of commands called "Protocols". Same with your morning routine, you must wake up before you brush your teeth, and place toothpaste on the brush before that. Otherwise, you'll notice ERRORS. (a dry toothbrush or waking up with a brush in your mouth would be an ERROR). Now alternatively, a system that runs harmoniously is "perfect" so that it avoids errors by following a very comprehensive list of rules (protocols). This is only part of the Cryptocurrency game, another huge aspect is the word Crypto derived from the word Encryption. Since World War II we have been encrypting messages to fool those who would use this information maliciously. Because who wants the enemy to know your plan? Same with Crypto, although, your "enemy" is anyone who is not, you, or the person you are transacting with. "What's this have to do with this BitCoin" Well, it's not just BitCoin, this is the entire system, predicated on P2P transactions with perfectly harmonious protocols that ENSURE your safety, privacy, and protection. We'll cover a heck of a lot more content like this in future posts. We're super glad to have shared this post about Crypto Security, follow us where ever you enjoy consuming content. We'll likely be there @SwayzePunkz.... (YouTube will be in about a month) For now, here's my watchlist for the Week top 5: 1. $CIX is your best bet for watching overall market trends, think of this as your NASDAQ or TSX indices. 2. Carrying some massive momentum from last week, you know I'm watching $DOGEUSDT. This one has so much damn volume, it's insane. The people are shouting for $1.00 and I believe they'll give it all they've got to get there. 3. $BTCUSDT, I look at this similarly to a market index, something like the S&P 500, Russel, Dow Jones Industrial, and the like. This coin is going to make a ravishing push toward a new high, but we'll be watching this closely, as it's borderline on that support line, and it kinda freaks me out, but still bullish AF... It's kind of like a Bull Walk, not yet a Bull Run. 4. This one is kinda a tie... $ETHUSDT and $ETCUSDT were watching these on a comparative level, trying to understand any deviations because these two are like brother and sister, but eventually one is going to be the favorite of the family. 5. Lastly, I wanted to say $XRPUSDT but I would lead you into the unknown, that's why you're here - to get good relevant information. Although I like the spread on XRP rn, I don't like the chart, it's sloppy. We'll revisit this next week. So to give you one, that I'm going to hail mary on (once my Binance account is set up) $DOTUSDT... I'll leave this one for you to check out, but we'll be talking about this a lot, soon. So I'll leave this as a take-home research project... Like always, trade carefully, make your own decisions and stick to them, never second guess yourself, and be okay with taking a loss if it means huge gains somewhere else. Follow us @swayzepunkz anywhere you'd like. We're trying to be everywhere. Check out our Link, to find more content about this entire cultural/digital shift, and also a few promotional offers from our friends at MOGO, Binance, and of course, the best place to get your charts (exactly how you like them TradingView! linktr.ee
CEducation
by SwayzePunkz
Ethereum Classic - Trend line BATTLE - Who will win?This is a daily chart of ETCUSD on Kraken. Looking at some of the recent price action, it seems like we're in a trend line battle. If we draw an uptrend line (green) from the low around $3.5, we see that this is being highly contested with, right now. Similarly, if we draw a downtrend line (red) from the high around $10, we see that price has not used it much as resistance yet. Based on this alone, the bears are clearly winning. But let's look at volume, too, to give us a better picture. Even in volume, we are in the midst of a long downtrend which has not been contested much with, yet. Overall, the bears are in control and the bulls have fallen asleep.
KRAKEN:ETCUSDEducation
by realcapmillen
ETC Fundamental Analysis (Year 2018)You can find a lot of technical analysis posts here but I'd like to take a shot at some important aspects of fundamental analysis for Ethereum Classic. Here goes: Most of you who know me, I'm a strong believer in ETC Dev, IOHK and Charles Hoskinson which makes me a believer in Ethereum Classic. There's more to it than just that. I've followed ETC for a long time and it's one of the few coins that I believe is doing what it originally sought after which is to create an immutable, decentralized and transparent platform where code is law. Now, I'm not the kind of person who falls for words or fancy designs and stuff like that and I'm sure most of you ETC investors aren't either. I like to do my research and see what's going on. I follow ETC's Github regularly. I check their videos on Youtube and interact with reddit users who are more knowledgeable about the project. I'm an investor in ETC because I like the people, product and process. However, this is not how it works for most in the cryptocurrency space. There are a lot of FOMO investors out there who will only pick something up if they see it spiking up. Right now, ETC isn't very trendy enough for them much like Litecoin was a few months back. Hey, look what happened there! The right kind of attention, at the right time and suddenly all these top traders are talking about it. People who didn't want it at $16 are buying it at $200! I could name many of my own friends! I personally didn't want it at $16 and I sure as heck don't want it at $200. However, I have my regrets. Regrets of not buying Ethereum at $16 when I had the chance. Regrets of not buying XRP at $0.06. Had I missed out on ETC, this would have been another regret. Markets are cyclical, the same things happen over and over again. ETC is next in line. This is going to happen right in front of you. I'm not going to say go ahead and fill your bags. I'd say do your due diligence. Sometimes there are good opportunities right in front of us but we ignore them because they aren't cool or trendy enough. One of these days ETC is going to be $200 or $500 and you'd be sorry you missed your chance when you had the opportunity. “An opportunity is like train on the move. Once its doors have closed, it’s gone. But do stick around, another one is surely on its way, carrying with it better opportunities.” ~ ― Naide P Obiang
BITFINEX:ETCUSDEducation
by Jefe
Gambling vs. Trading - Know the DifferenceINVESTOPEDIA - Although there may be some superficial similarities between the two concepts, a strict definition of both terms - investing and gambling - reveals the principle differences between them. A standard dictionary defines "invest," as follows: to put (money) to use, by purchase or expenditure, in something offering profitable returns, especially interest or income. The same dictionary defines "gamble" as follows: To play at any game of chance for stakes. To stake or risk money, or anything of value, on the outcome of something involving chance; bet; wager.
BITFINEX:ETCUSDEducation
by Tradingstrategyguides