/r/CryptoCurrencyTrading
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/r/CryptoCurrencyTrading
Ever wished you could predict the crypto market? What if a game could not only help you improve that skill but also pay you for it? Proposing CryptoDraw, a system that could turn crypto prediction into a global, interactive, and potentially profitable game.
The Problem: Traditional technical analysis (TA) and even complex machine learning models try to predict future prices based on historical price data. At their core, they're trying to guess how traders will react emotionally to chart patterns. What if we could cut out the middleman and tap directly into those trader minds?
The CryptoDraw Solution: CryptoDraw is a simple yet powerful idea for a web game where you're presented with a recent cryptocurrency price chart. Your task? Draw the continuation of that price line, predicting where it will go next.
Here's how it would work:
Draw the Future: Use your intuition, experience, or even just a lucky guess to draw your predicted price movement on the chart.
Earn $DRAWX: You'll earn $DRAWX tokens based on the accuracy of your drawn line and your in-game reputation. The more accurate you are, and the better your reputation, the more you earn.
Reputation Matters: A built-in reputation system rewards consistent accuracy and filters out random guesses, ensuring that the best predictors have the most influence.
From Predictions to Profit: Here's where it gets interesting. We'll use the aggregated predictions from all players (think "average line" plus some machine learning magic) to inform a real-world trading strategy.
Profit Sharing: If the trading strategy is profitable over the long term, a portion of those profits will be distributed back to $DRAWX holders, proportionally to their balance. Essentially, your accurate predictions you make for free could earn you a share of real crypto profits!
Why this might actually work:
Wisdom of the Crowds: By combining the insights of hundreds or even thousands of players, I believe CryptoDraw can tap into the collective intelligence of the crypto community, potentially outperforming traditional prediction methods.
Direct Simulation of Trader Psychology: Instead of trying to model trader behavior indirectly, we're simulating it directly through gameplay.
Incentivized Accuracy: The potential to earn real profits incentivizes players to make their best possible predictions.
What do you think?
I believe CryptoDraw has the potential to revolutionize crypto prediction by gamifying it and directly involving the community. Would you play CryptoDraw and do you find drawing price line continuations engaging? What features would you like to see, for example a practice mode? Let me know your thoughts in the comments!
Like the title says, will the price of $TRUMP go down as more is released?
I have been experimenting with memecoins in the last days. I have discovered a pattern of Ivanka/Barron coins, where the holders almost always transfer their funds to the same address after a rugpull.
Initially, I made a bit about 100$ from an initial investment of 50$, by making 20% profits. By the next time I invested (again, same target address for funds after rugpull), they pulled liquidity at 20% gains (previously they always made ~100% gains).
So, i observed again, seeing them make 100% gains again, and again, and again. but every time I invested even 5$ (from the wallet I initially made earnings with), they would stop at around 15% to 25% gains.
Any ideas about this behaviour? I have done this a lot of times and it always the same pattern.
Could be big with trump going into office in a few days + it's Ai - a powerful combo ngl. They launched their discord but launch is on the 18th at 4pm EST join and check it out and most importantly, do your own research https://discord.gg/BMJZURfqhV
Hey guys, so I guess you all know about Shaquille O’Neal and the scandal surrounding the Astrals NFT project. Well, there is finally an update so I thought I could share it.
Quick recap — last year O’Neal was accused of hiding the risks of buying NFTs and not warning about the losses investors could have (and actually had) when the platform went down.
By November 2022, the platform had shut down without any explanation or refunds for those who had purchased what turned out to be unregistered securities. As a result, investors filed a lawsuit against Shaquille O’Neal.
The good news is that Shaquille O’Neal finally agreed to pay $11M to investors who bought its NFTs. So, if you were damaged you can check the details and file to get payment here.
Anyways, were you damaged by this situation? How much were you losses?
Spoofing scam on Binance
A person I know lost almost 50000€ in Ethereum and USDC.
He received a message from Binance: [Binance] Your verification code is 889-937. If you did not request this contact us on +40 332 630 186 REF/931482.
He did the mistake to call this number and those guys explained to him that he had to transfer all the money from Binance exchange to a wallet via web3. (They even gave him their wallet seed phrase to connect to it and to send the cryptos). He did this because he thought it was everything legit. After he realized that he lost his money, he talked with the real Binance employees via support center and they said to him it was a spoofing attack (they have lots of them everyday) and they can do nothing to get his money back. He report this crime to police but I don't think they can solve this anymore.
Advice: Don’t fall for this scam even if the message comes from Binance, remember that Binance doesn’t have a phone number for support.
This is the scammers’ wallet: 0x9dd7D19ed1bc554CEFD378Db6c0A4BaCBfaFbE21
Transaction ID for Ethereum: 0xc9de77179ab98235dde296e080adbfe4e6d08ef32ff207336b0cb894d0cbddf3
So i just have this random coin that i cant find anywhere else but in my cb wallet. Wtf is this and does anyone know whos sending it out? The coin is called "pure water" and it looks like a blue circle with a white water droplet outline thats twisted up kinda like a celtic knot
Hello folks, I am working on a trading app with the idea of it being the Robinhood of Crypto Futures and Options. We require beta testers to help us test the app. You do not need to connect your wallet or put in money. If you are interested please DM me or comment here.
Thank you.
Hi all, spreading the word here about a scam going around taking Eth and BnB - don’t let it take yours. If anybody is approached by a lad called Aiden - username Worrisometavern or a group called Headerrer bot, report it. I was asked to be a moderator in their scam group testing a bot on remix. Stupidly I used my own BnB and it was sent to a scam address which looks like it’s accumulated a lot of tokens. Of course since sending, the comms stopped and he’s got my money. I know what everyone will say, but it happens time and time again, I’m just here to put his name out there. He had a tutorial online which I have reported too. If anybody is interested in the address message me. Looks like there’s about $200k roughly sitting in it according to BSC.
Is there any downside to trading this specific pair, I did some back testing and it looks possible to get 10% per swing at 100x leverage, it does has some few rogue candles every few months but nothing that a healthy stop loss wouldn't take care of, am I wrong has anyone trade this pair before?
How big will the impact be to overall markets
Everything has gone up for weeks now, so what gives today? Is it just another opportunity to buy low before the god candles? I’m just disappointed and getting emo about pretty much my entire portfolio tanking today….
NEAR RNDR AVAX FET ALGO HBAR CARDANO GRT SOLANA XLM WIF SUI WELL
These are all supposed winners for the next 2025 season. What gives. What’s the market doing? What’s it gonna do?