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Filecoin

Inverse h&s for decentralized Dropbox competitor Filecoin offers filesharing and data storage like Dropbox and Amazon webservices, but the difference is that it is decentralized. Users want to store data and want - Speed - Redundancy Miners offer storage and need - an internet connection - and spare disk space. Mining is based on - Proof of replication - Proof of spacetime Miners proof they have stored data for the designated space and time. Users request a token to store their data. The more users use the network the higher the demand for tokens. With the open ledger anybody can check that miners are storing the data. Filecoin can become faster cheaper and more scalable then its centralized counterparts. It is also censorship resistant. Around 65 million are currently circulating. 70% were sold during their ICO. Main net launch was in q4 2020. The engineer is owner of Protocol Labs and has studied at Stanford University. They received 275 million dollar for their ICO so they have enough funds to improve their technology. Big pro’s: - Censorship resistance! - Developers can build apps on top of the Filecoin network - People already build apps similar like Dropbox on top of it! Users can sign up, pay and start using it without any technical know-how needed. They burn tokens! That decreases the available tokens and increases scarcity! If you understand that such a basic thing like file storage is really necessary for the internet you will understand why so much people want to pay for it. With Filecoin you can stop being afraid that somebody else deletes your files. I am not a financial professional and I am new to trading. You should do your own research.
by ProGraphist
Will FILECOIN PUMP on the way???Greeting from IRAN to all traders and investors 😊😊❤❤ FILECOIN made a new ATH in early april After that it started a retracement move through a descending channel. Price tested bottom of the channel twice which both of them was unsuccessful!!! After that price went up through a new short term ascending channel. If top of the main descending channel breakout strongly first target would be 200$!!! Just keep it simple ✌ This post will update ...
Long
by nima-mohammadkhani
8
Filecoin: Will History Repeat?To stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com What Is Filecoin (FILUSD)? Filecoin is a cryptoasset that aims to incentivize a global network of computer operators to provide a file sharing and storage service. Project founders claim that if enough people adopt it, it could become the fastest and cheapest way to store data on the internet. What’s more, it would not rely on a central authority, meaning the exchange of its files could not be censored by governments or other actors. This is because Filecoin is maintained by miners who dedicate computing power to providing the computation that makes it work. Filecoin miners get paid for making storage space available to users. Filecoin users, in turn, must pay miners for storage, retrieval or distribution of this data. The Filecoin network operates atop another protocol for decentralized file handling called the Interplanetary File System (IPFS). The two systems share many similarities, though the main difference is that while IPFS is free to use, it won’t earn miners any money. Filecoin costs money to use, but could also generate revenue. FIL Statistics: Market Capitalization: $10.9B CryptoAsset Rank: #15 24-Hour Return: +1.8% 7-Day Return: +1.6% From All-Time High: -31% Recent News: According to TechNode , The Distributed Storage Office of China’s Communications Industry Association warned that Chinese companies are using distributed file storage protocol Filecoin to issue unauthorized wealth management products and conduct illegal financing. A new regulation defining illegal fundraising is set to come into effect on May 1. Whether a crackdown in China will weigh on FIL is TBD. However, it ought to be noted that FIL is a high profile project in China and the vast majority of miners are allegedly based in China. Potential Catalyst: At the moment, 648,000 new FIL coins are mined per day. After April 15, this number is set to decrease by -43.2% to 365,000. Technical Setup: Turning to FIL's 4H chart, one will see that FIL has retraced considerably since hitting an all-time high of roughly $235 at the start of the month. Furthermore, one will see that FIL might be forming yet another descending triangle. Although descending triangles are widely regarded as a bearish chart pattern, they can breakout to the upside - much like we saw in March. Be that as it may, FIL's recent rejection from the triangle's resistance suggests that FIL is more likely to test the triangle's support at $136 before testing resistance For FIL to trend lower, it'll have to break through the 21D SMA ($154). If the bulls can defend this moving average, we could see FIL trend higher in the near-term. A break below the 21D SMA and $136 support would warrant a backtest of the 50D SMA ($94), which equates to a -43% drop from current levels.
KRAKEN:FILUSD
by phum126
Filecoin (FIL) - April 14Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ---------------------------------- (FILUSD 1W chart) (1D chart) You should watch for any movement that deviates from the 148.3290873-190.9615481 segment. In particular, it remains to be seen if it can rise above the 172.0544976 point. If you decline in the 134.1182676-148.3290873 range, you need a short stop loss. What's important in the current situation is getting out of the downtrend line. ---------------------------------- (FILBTC 1W chart) (1D chart) We have to see if we can get support at the 25690 Satoshi spot and climb along the uptrend line. If it falls, we need to make sure we get support in the 23426 Satoshi-25690 Satoshi section. If you fall at the 23426 Satoshi point, you need a short stop loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:FILUSD
by readCrypto
FIL - 4h. Are buyers planning up to $238 again?The recent vertical rise in the FIL price began its correction after the test $238. This mark worked as an indicator for the beginning of active sales in the FILUSDT market. In a previous idea , we wrote that the global FIL price correction could last up to $93. However, seeing how briskly buyers are trying to keep their trend and continue to grow without a protracted correction - we decided to update our scenario. At the moment, buyers have managed to stop the fall in prices and consolidate above the range of $132-137. This range was able to stop for 3 days a powerful wave of growth, which buyers carried out at increased volumes: Touching the range of $132-137 on small volumes on April 7, sellers showed a lack of strength to continue to put pressure on the price. Re-testing the mark of $160 at low volumes will give buyers confidence and increase their chances of breaking the range of $184-194. The importance of this range is clearly visible in the 15-minute timeframe. The first local wave of FIL fall stopped in this range. Only after two retests of $ 184-194 from below sellers were able to continue to lower the price of FIL with a final target of $135.55: Successful fixing of the price over the liquid zone of $184-194 will provide buyers with a second test of the historical maximum at $238. An alternative scenario will take effect if the $ 160 mark is broken. In this case, sellers will have every chance not to stop in the range of $ 132-137 and update the local minimum with the first stop of $119. At the moment, the best option is to wait for either the test $160 or the FIL price fixation above $194. ___________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
24
🆓Filecoin/USDT Analysis (9/4) #FIL $FILFIL has declined a lot from the peak at 230$ zone and now it is in accumulation phase to prepare for the new rally up to 280$ zone. But at the moment, the 160$ is very strong that I think it will push FIL down to 140$ zone again 📈BUY -Buy: 133-140$. SL B -Buy: 156-164$ if A. SL B 📉SELL -Sell: 156-164$. SL A -Sell: 176-184$. SL A -Sell: 210-220$. SL A -Sell: 270-280$. SL A ♻️BACK-UP -Buy: 117-123$ if A. SL B ❓Details Condition A : "If 12H candle closes ABOVE this zone" Condition B : "If 12H candle closes BELOW this zone"
by CryptoStation