Deeper Network DPR Crypto Crash ComingDeeper Network DPR Crypto crash coming. As you may know Deeper Network refused an all expense paid trip to advertise there product to Sir Richard Branson at Neckerverse to get an investment from his Company Virgin. This meeting with him could of been great advertisement for the crypto and would of given future DPR crypto owners optimism for the future coin price knowing that a reputable company known worldwide wanted to meet with them and or invest. Deeper could of refused his offer and then told the community what the offer was if any, showing the community that they are a sought after up and coming crypto but but as a routine disappointment they did not show up with a lame excuse........ So instead of planning for this September crash with even a little good news and hope, they decided to just let the house burn down for the mining community. Because Deeper Network has a main investor insurance policy from there buy in of the coin at a price of .003 cents that is currently a 619.667% increase of there original investment with the current coin price now. So a original $10,000 investment would now be worth $61,900. So the main people have no concern but the DPR Genesis miner who bought in at .15cents+ is now at a negative -85% or more. I bet if the main investors where at a negative there outlook would be different. But it is not and only the little guy gets hammered like always.......... Where will this crash bottom out at well Deeper has a 600% wiggle room before they start to get concerned, well see what happens in the next 8 months...............
Bearish News: Aug. 5 & 6, 2022 Deeper Network has turned down an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors. The reason from Deeper Network "Cheryl, Russell and I ( Eric ) seriously considered attending the gathering but decided it was best to focus on exchange listings, research & development, and new product deadlines instead."
Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 8 months, investors getting Deeper Chain DPR returned to them who bought in at .006cents to .02cents. Deeper is only allowing 750,000 DPR total perday from the miners and the invests to go over the bridge from Deeper Chain to the other two chains to get to an exchange and to sell. Some of the people have set up computer programs to keep dumping coins over the bridge first so they do not get locked out when the daily total of 750,000 is hit. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time, there is an estimated amount of 3.3Million to 6.6Million Deeper Chain DPR being released each day to their investors for the next 8 months starting in September 2022 thru May 2023. Will Deeper fully open the bridge or will they try to control their investors cash out for a second time, well see what happens…….. How will the miners plan for this apocalyptic scenario of no longer being able to move Deeper Chain DPR across the bridge to get it on an exchange to pay for their expenses? I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live.
-Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
- Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA) I don't foresee them giving the governance to the community within the next year or so because they like to be able to have fully control without have to wait for voting approvals, because the programing is far from being perfect..............
- 7 Validator Nodes on Deeper Chain, 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
-Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period.
-Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet
- Deeper Chain Treasury Wallet Address: 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, 1% of Transactions going into the wallet are Burned, this is confirmed)
- Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (Verified by Polkadot Support)
-10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); & 4 Billion DPR Belong to Deeper & Investors
-Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
- Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????, also would they not also be able to see your banking information then...), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds……
Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, the network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for organically. This has been confirmed.
-Company Info:
-Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction)
-Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything.
-Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara, California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years or longer, unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified. Even from there past video of this office location you can tell it was just a temp location as if it was like one of those rent a cubical to work at temporary location.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand) (Working only part time now, another one of the upper ranks leaving, I believe the next person will be #3+ for this job title next)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
Cryptocrash
Struggle to keep bulls comeback or bear retracementLong consolidated… then struggle to make a comeback during the recession and the core of reduction of inflation came tied.
Wonder what will happen next.. right now at the strong resistance, then suddenly collapsed a bit.. bulls are trying to make the comeback and also the war is happening between china and Taiwan things are going to be ugly.
For Ethereum are we struggling for comeback or are we seeing a retracement from that huge drop..
NFT week is coming so please please be very careful.. if this uptrendline breaks we will see melts of red to breakdown .. should see long term only if happens, then 550 area will be the buy zone.
Trade and buy very carefully crypto crash is started and just warming up. Watch any bulls reversals even if it’s short
More drops coming and correctedBear market isn’t over but it went up to correction.
Bear flag still formed and corrected from the big drop from the inflation, Russian-Ukraine war.. further than that, we should be seeing more coming drop for nice good legs up.
Recession had started a week ago but yet now the U.S. economy will be facing the biggest recession yet.. the question was “aren’t we prepared. “
Crypto crash is coming as well this month while resistance are still hitting, please trade safe and be careful of the upcoming crash for all cryptos
Decision and still in bearflag Most always miss this important pattern.
Bitcoin are still in a bearflag which means we are going to see another leg up drop follow along with the crypto crash.
Yet couldn’t resist the high sellers pressure… the breakout buy is far too soon and we aren’t bottom yet.
10K has the stronger floors support will reverse from that area.
Bitcoin Enter Multiyear Bear PhaseWith recent failure at $29318, Bitcoin has undergone major invalidation to its macro wave pattern. Seemingly invalidating its impulsive form, I believe the King of Crypto is due to form a big wedge/diagonal/wyckoff pattern over the next number of years. Considering the ultra aggressive drop cycle we've all witnessed, I believe Bitcoin to also be in yet another more micro version of a diagonal move was well.
With 3 big waves stretching down from $68K > $28K, we could see a sizeable return to the range of $50-$55K as a Wave 2 correction.
Denial at this level would prove as confirmation (imo) to the yearslong downside cycle.
I guess its time to see how Alt Season really operates.
Also interested to see how this affects Bitcoin's dominance on the market.
Bitcoin has never done this, market cycle trend is broken!Bitcoin has never fallen below prior market cycle’s highs, but it has done just that today falling below 2017’s high of $19k. This is a sign that it’s overall pricing structure and bull trend is getting weaker and weaker.
We could see an end to the 4 year cycle of bitcoin, we could see a long term accumulation period like Gold saw after it’s final blow off parabolic move.
BTC history behavior for Long Term investmentBitcoin history has shown the behavior of going down between 34% to 25% below the 200 week Exponencial Moving Avarage.
Eventually, bitcoin has never been in an economic condition as we are today of inflation and increase in interest rates.
For long-term purposes of investment, it is important considering these downtrends.
La historia de Bitcoin ha demonstrado que su coportamiento de baja entre 34% a 25% abajo de la media exponencial de 200 semanas.
Sin embargo, bitcoin nunca ha estado en una situación economica actual con inflacion alta y incremento de tasas de interés.
Para inversión de largo plazo, é importante considerar ese movimiento bajista.
Bitcoin Pauses to Give Bulls Early Dose of HopiumBased on recent and continual analysis of Bitcoin, I believe that an upside trip to $32070 is minimally required (based on my perspective of the Elliott Wave count). This will serve as the final resistance level before Bitcoin takes an anticipated dip to $24K. From here, the crypto world will re-enter the "BTC to $100K" mindframe but that may become a troublesome idea.
See recent Bitcoin related posts for more perspective. For continued, near real-time analysis join the Digital Surf Trading Community.
Bitcoin Bulls Prepare for Short Squeeze to $31.6K+Based on previous and ongoing analysis of BItcoin, I believe its yet headed for $31.6K at minimum. Previous mid-micro wave pattern was invalidated however, the bigger pattern and upside target remains in tact.
Join me in/and the Community for more trade ideas.
P.S. Invalidation is only indication if you're aware of how to adjust :)
History Lessons - Amazon 💡95% Crash for AMAZON back in the Year 2000, during the so called 'Dot Com Bubble'.
The Price of AMAZON had dropped from 112$ to 5.45$ a share.
💡Well, the price of AMAZON is 2156$ today while it had an All Time High of 3780$ at the end last year.
Let's talk about the Dot Com Bubble now:
💡Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840s, automobiles in the early 20th century, radio in the 1920s, television in the 1940s, transistor electronics in the 1950s, computer time-sharing in the 1960s, and home computers and biotechnology in the 1980s.
Wikipedia
The dot-com bubble, also known as the dot-com boom, the tech bubble, and the Internet bubble, was a stock market bubble caused by excessive speculation of Internet-related companies in the late 1990s, a period of massive growth in the use and adoption of the Internet.
Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Some companies that survived, such as Amazon.com, lost large portions of their market capitalization, with Cisco Systems alone losing 80% of its stock value.
💡Now Let's talk Crypto:
History repeats itself. In our opinion, some crypto projects will vanish but even fireworks can allow huge profits, given that you can take profits on time.
Some other projects will stay and they have the potential to be the 'AMAZONs' of the future. Our task is to find them.
in the meantime we are NOT going to the moon (Luna) since it dropped to the ground of Earth (Terra).
💡Time for a Forest Gump Quote:
“My mom always said life was like a box of chocolates. You never know what you're gonna get.” 🍫
Forrest Gump And Lieutenant Dan's got some Apple back then 🍏
One Love Forest,
the FXPROFESSOR
ps. in reality, selecting the right crypto is not just luck, it's mainly research. Do your own research
(I, personally believe in Bitcoin, Fantom, Cardano, AFFYN and PulseX)
ETH/BTC - Long Term Top Ethereum's ratio to Bitcoin has been consolidating for nearly 13 months (left). In 2018, Stellar Lumens (right) consolidated against Bitcoin for roughly 11 months before dropping off a cliff. Will the same happen to ETH here? It will need to maintain the uptrend, held since 2016. Any larger decline from here will result in a breakdown from this channel, which I think has pretty terrible implications for the 2nd largest cryptocurrency. A break ABOVE the channel would likely invalidate this bearish idea in the short term, and could result in a new all-time high for the ratio. Not sure this is likely.
I believe ETH's value has been inflated by the NFT and DeFi bubbles, as seen by the immense premium speculators are willing to pay just to transfer tokens on the network (high fees). DeFi is really starting to look less and less appealing, as scandal after scandal has started to make waves across the cryptocurrency space, in an atmosphere that has already been quite negative. Right now, market participants are fleeing collapsing altcoins in favor of ETH, as can be seen by its increase on the ratio during market turmoil. But I think it's possible this does not last. XLM/BTC moved up momentarily right before Bitcoin collapsed in late 2018.
What more does ETH have going for it, aside from the merge, which is still a ways away? Still many have their coins locked away for staking, even as APY comes down on many platforms. I think people will be less and less willing to hold ETH, and that this period of consolidation will turn out to be distribution, leading to a precipitous decline. Ethereum has so far been unable to touch the previous all-time high against Bitcoin. If it breaks down before succeeding to do so, this would suggest that ETH is actually in a long term downtrend against Bitcoin (like most alts), and would have a hard time recovering on the ratio.
Many altcoins are in freefall against Bitcoin and ETH, yet Bitcoin dominance remains stable just below the 50 week MA.
If dominance breaks the 50 week, I think we can see the end of distribution for ETH.
On the upside, we would need to see the ratio head above 0.088 and sustain to consider a new all-time high. If this occurs, the entire market may also want to make a new all-time high. Since I think this is unlikely in the near-term, it also follows that I think a new ATH for ETH is also unlikely. Let's see what happens!
This is not meant as financial advice - this is meant for speculation and entertainment only.
-Victor Cobra
Utility and Resilience: MANA Bounces BackBear markets are often when long-term traders make their big moves - assets that seem to stabilize or even do well (MANA, MKR in the last few days) often show that a project has dedicated supporters and some legs to stand on during the "tough times". It's easy to make money during bull runs, but it's the projects that survive during bear markets that often lead to long-term growth.
Ape shortThe trend is changing direction, aka reversal due to a double top in 4 hourly. 5.84 seems to be strong support, the price however is more likely to follow the downward trend to 7 or 6. We may also have another crash at the beginning of next week.
This is not financial advice. Make your own research and be cautious, especially during this uncertain period.
BITCOIN: Bearish Pin Bar Signal$BITCOIN ($BTCUSD) – Cash: The Bearish Pin Bar Signal triggered
(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price moved lower from the recent Bearish Pin Bar Signal that had formed earlier this week (We suggested trading this signal in the May 11th, members' daily newsletter).
Price significantly moved lower from the prior Multiple Inside Bar Pattern that had formed just above the 37559 prior short-term support level (Which is now a Key resistance level and an Event Area) over a week ago (We suggested trading this pattern in the April 29th, members daily newsletter).
Price moved lower from the prior Bearish Pin Bar Signal (Event Zone) that had formed just under the 42608 short-term resistance over two weeks ago (We suggested trading this signal in the April 24th, weekly newsletter and hopefully some traders got on board).
Potential Trade Idea 1: For more aggressive traders, we are considering selling on a retracement higher whilst price remains below the recent Bearish Pin Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher whilst price remains below the 37559 key resistance level and the recent Multiple Inside Bar Breakdown Pattern (Event Area).
Deeper Network DPR on Live SupportDeeper Network is now official on a death spiral knocking out each group of project investors. Is there anyone who works in Deeper Network who is able to save this project or is this a Pump and Dump Project the the Telegram Deeper Network Mod told us about as he maybe dumping his own mining wallet if that is his from the United Kingdom. This is an example of poor planning on the part of Deeper Network as well as them saying on the AMAs that they do not care about the coin price................... Now to the good news all of the miners will likely be in a tax deficit for the 2022 Tax years because they can not even pay for there dedicated high speed Fiber Optic lines now that they installed specifically to help the project out with speed. Even though the market is down there are still crypto projects out there in the positive for the year if you look at cryptobubbles.net so this is not an excuse but a sign of poor management on there part and of a high internal employee turn over in the high ranks. As each investor tear gets broken now i can only site back and laugh and cry as my investment is getting blown up for the next year or so thru the bear market and the recession that is making it way............................ Then END!!!!!!!!
Websites:
www.deeper.network (DPR Main Equipment Website)
dpr.deeper.network (Mining Rewards after Staking)
www.deeperscan.io (DPR Wallet Lookup)
apps.deeper.network (DPR Crypto Polkadot Parachain Governance System, New Wallet, Smart Contracts Upload, Miner Wallet Info)
www.youtube.com (DPR Videos)
www.fbi.gov (FBI VPN Video)
parachains.info (DPR Polkadot Parachain)
Crypto Whale Information: See the Whale news on my channel for there wallet info as you can track your self who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
Crypto Blockchain Community Governance - Currently being controlled directly by Deeper Network not by the Community thru a back door in the program (Verified on AMA)
7 Validator Nodes – 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
Burn Wallet – There has not been a routine burn setup yet promised by Deeper to fight inflation.
Polkadot Parachain for Deeper Chain – is not at the moment yet (Verified by Polkadot Support)
Warning: Possible Token Crash Starting in September 2022 thru the next 8 months
Company Info:
Deeper Network of the Marshal Islands (no office location there currently) Crypto Currency
Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/VPN/DPN
EIN Tax ID# 841835438
Location Of Head Quartiers Office: The main temp office rental location no longer exists that is advertised and on Entity Documents, supposedly working remotely from home and out of a shipping warehouse since the past year or longer unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified.
Location of their servers where data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
SCENARIO 2 FOR A POLKADOT BOTTOMPls visit our last Polkadot analysis for better context.
As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction.
Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat correction for wave 2, comprising of a large ABC correction with the C wave being a 5 way impulse move marking a 100% retracement of our Wave AB and aligns perfectly with the downward trend channel price seems to have created.
Make sure to apply proper risk management.
Goodluck






















