Bitcoin USD (BTC-USD) Stock Price, Quote, History & News
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App Name: TradingView - stock charts, Forex & Bitcoin ticker Description: Stock charts with real-time market quotes & trading ideas. Traders & Investors. Simple for beginners and effective for technical analysis experts, TradingView has all of the instruments for publication and the viewing of trading ideas. Real-time quotes and charts are available for wherever you are at whatever time. At TradingView, all data is obtained by professional providers who have direct and extensive access to stock quotes, futures, popular indices, Forex, Bitcoin and CFDs. You can effectively track stock market and major global indices such as the NASDAQ Composite, S&P 500 (SPX), NYSE, Dow Jones (DJI), DAX, FTSE 100, NIKKEI 225, etc. You can also learn more about exchange rates, oil prices, mutual funds, bonds, ETFs and other commodities. TradingView is the most active social network for traders and investors. Connect with millions of traders from around the world, learn from the experiences of other investors and discuss trading ideas. Advanced Charts TradingView has excellent charts that surpass even desktop trading platforms in quality — all for free. No compromises. All of the features, settings and tools of our charts will also be available in our app version. Over 10 types of charts for market analysis from different angles. Starting with an elementary chart line and ending with Renko and Kagi charts, which focus heavily on price fluctuations and barely take time into account as a factor. They can be very useful for determining long-term trends and can help you earn money. Choose from a large selection of price analysis tools, including, but not limited to, indicators, strategies, drawing objects (i.e. Gann, Elliot Wave, moving averages) and more. Individual watchlists and alerts You can track major global indices, stocks, currency pairs, bonds, futures, mutual funds, commodities and cryptocurrencies all in real-time. Alerts will help you not to miss the smallest of changes in the market and will allow you to react in time to invest or sell profitably, increasing your overall profit. Flexible settings help you to track the indices you need and also group them in a way that is convenient for you. Syncing your accounts All saved changes, notifications, charts, and technical analysis, which you began on the TradingView platform will be automatically accessible from your mobile device through the app. Real-time data from global exchanges Gain access to data in real-time on more than 100,000 instruments from over 50 exchanges from the United States, Russia, the East, and countries in Asia and Europe, such as: NYSE, LSE, TSE, SSE, HKEx, Euronext, TSX, SZSE, FWB, SIX, ASX, KRX, NASDAQ, JSE, Bolsa de Madrid, TWSE, BM&F/B3, MOEX and many others! Commodity prices In real-time, you can track prices for gold, silver, oil, natural gas, cotton, sugar, wheat, corn, and many other products. Global indices Track major indices of the world stock market in real-time: ■ North and South America: Dow Jones, S&P 500, NYSE, NASDAQ Composite, SmallCap 2000, NASDAQ 100, Merval, Bovespa, RUSSELL 2000, IPC, IPSA; ■ Europe: CAC 40, FTSE MIB, IBEX 35, ATX, BEL 20, DAX, BSE Sofia, PX, РТС, ММВБ (MOEX); ■ Asian-Pacific Ocean Regions: NIKKEI 225, SENSEX, NIFTY, SHANGHAI COMPOSITE, S&P/ASX 200, HANG SENG, KOSPI, KLCI, NZSE 50; ■ Africa: Kenya NSE 20, Semdex, Moroccan All Shares, South Africa 40; and ■ Middle East: EGX 30, Amman SE General, Kuwait Main, TA 25. Cryptocurrency Get the opportunity to compare prices from leading cryptocurrency exchanges, such as HitBTC, Binance, BitBay, Coinbase, Mercado Gemini, Kraken, Huobi, OkCoin, and many others. Get information on prices for: ■ Bitcoin (BTC), Litecoin (LTC), Ripple (XRP); ■ Ethereum ( ETH), Ethereum Classic (ETC), IOTA; ■ Dogecoin (DOGE), USD Coin (USDC), Tron (TRX); ■ Stellar (XLM), Tether (USDT), Cardano (ADA); ■ Monero (XMR), ZCash (ZEC), Dash. Playstore Link: https://play.google.com/store/apps/details?id=com.tradingview.tradingviewapp Mod Features: Additional indicators available in pro version of this app
The basics of crypto-trading: indicators, charts and trend lines
The basics of crypto-trading: indicators, charts and trend lines Halving on the Bitcoin network has become one of the key events in the cryptocurrency market, which has fueled the interest not only of long-standing players, but also has caused the release of new ones. This is evidenced by recent data on the growing demand for crypto assets on top cryptocurrency exchanges such as Bithumb Global. For those who are just getting acquainted with the crypto-market and want to try their hand at trading a new class of assets, we will tell you what tools crypto-exchanges offer and how to use them in crypto-trading. To start trading cryptocurrencies, you must first select: • Crypto-wallet — there are several types of crypto-wallets: hot, cold, desktop, mobile and paper. All of them provide different levels of security and convenience. At the same time, the best option for storing cryptocurrencies is the use of two different wallets — hot and cold. So do most large companies working with digital assets. • Crypto-exchange is a trading platform that will allow you to exchange, buy and sell cryptocurrencies. Such platforms can be centralized (CEX), decentralized (DEX) or hybrid, combining the qualities of CEX and DEX. • A crypto-portfolio is a collection of crypto-assets collected for profit. It is best to form it in three stages: part of the currency for long-term storage (from 1 year and longer), another part — a medium-term deposit (up to six months) and a deposit for trading for several days or a week. When starting crypto trading, it is advisable to diversify your investment in a deposit for trading, paying attention not only to the potential of a particular coin, but also to the ways of earning that the cryptocurrency market offers. Experts advise at the initial stages to choose assets from the top 10 rating by capitalization.
• Order — a trader’s request for a cryptocurrency transaction. Orders are divided into market orders — for purchase (Buy) or sale (Sell), and pending — requests for a transaction at a non-market price, waiting for it to be at the right level. Pending orders include: ⁃ Limit — for sale / purchase at a price higher / lower than the current market price ⁃ Stop loss — orders to limit the loss ⁃ Take Profit — Take Profit Order • Market maker and market taker are market participants who create and accept orders. The market maker creates a new transaction request, increases the turnover of the exchange and raises the liquidity of the crypto asset, while the receiving market taker takes the asset out of circulation, lowering its liquidity. In this connection, different commissions are introduced on some crypto exchanges for makers and takers. • Exchange Cup or Order Book — a table with limit orders, which displays the closest sellers and buyers, where sellers’ orders are marked in red, and buyers are marked in green. The columns of the table show the number of cryptocurrencies and the price at which they intend to sell or buy. At the junction of these tables, a spread is formed — the difference in the price of supply and demand. The lower the spread, the more liquid the cryptocurrency. The analysis of the stock market is a leading indicator of the state of the market, since it allows you to predict changes before they happen. • Long and short positions (Long and Short) — the usual “mode” of trading. In the case of a long position, we buy cheaper and sell more. It is believed that the growth of assets in the market is a long process, therefore, work in this direction is also called long. The second option means a short position, that is, a game for a fall. The market believes that the decline in the value of assets occurs quickly, that is, in a short time. Therefore, this position is called “short.” • Exchange chart — shows the change in the price of cryptocurrency over time and is the most important tool for technical analysis. Charts display price changes with a line, bar and candlestick. • Bulls and bears — in the market so-called buyers and sellers. There is an analogy with the nature of animals: buyers always push the price up, creating a demand for something, and it turns out that the price seems to be pushed by horns. In this connection, bulls are optimists, they believe that the prices of the shares they bought will rise, and someday they will sell the asset more expensive than they bought. The bulls in the market are overwhelming (by approximate estimates, up to 80%), long investments are kept on them, and the bull trend means stable growth of stocks and general welfare. Bears, in turn, are sellers who have learned to capitalize on a falling market: they usually try to sell cryptocurrencies faster, often lowering the price of an asset. Concluding a contract for the sale, they fix its value, and then wait until the goods fall in price, close the deal and put the proceeds in their pocket. Bears are interested in a constant reduction in prices and achieve their goal, provoking an increase in supply: open short positions and sell until the price drops to the desired level. • Technical analysis is a set of tools for market forecasting of prices based on the movement of value in the past. In technical analysis, the same tools can be used for different markets and trading pairs with a slight adjustment of indicators. Also, technical tools are equally successfully used on any timeframes — from a minute to a year. • Fundamental analysis — this type of analysis is based on the consideration of financial and production market indicators that may affect the price of a traded instrument. The mood of market players, current and growing trends, indicators of production activity — all this information can give an extensive idea of the potential of the investment object in question. The main disadvantage of the fundamental analysis is that the information provided by him is insufficient to predict the movement of prices in some local areas. It is possible to determine a potentially good company that has excellent financial performance and has real prospects, but it will be impossible to determine the moment of entering a short-term profitable trade with a good indicator of risk to profit ratio. • Pattern — behavioral model / trading setup / market pattern. Patterns are one of the most common methods for analyzing price movements. Each pattern is always based on a certain idea, the simplest and most understandable. There are a lot of trading models, but all of them are derived from the classical model of breakdown or rebound from certain significant price levels.
Basic cryptocurrency trading tools at Bithumb Global
Using the example of a centralized cryptocurrency exchange Bithumb Global, we will analyze the main elements that cryptotraders will encounter in the initial stages of trading. When choosing a cryptocurrency exchange, first of all, you need to pay attention to the presence of: ⁃ Convenient ways to deposit and withdraw funds ⁃ Fiat currency support ⁃ High number of trading pairs ⁃ Information on the current state of cryptocurrency rates ⁃ Cryptocurrency Rate Charts ⁃ Technical indicators ⁃ Different levels of user verification ⁃ Built-in cryptocurrency wallet ⁃ 24/7 tech support On the Bithumb Global main page, a selection of top trading pairs is offered, where cryptocurrency tickers are listed, their price, exchange rate for the last day, daily trading volume and the asset quotes movement chart. Top trading pairs at Bithumb Global. Source. If you select a pair from this list, then Bithumb Global will automatically transfer the user to the Base Version of Spot Trading. Spot trading — the terms of the transaction with cryptocurrency, in which payment is made to both parties immediately. Here the user can get acquainted with the latest price of an asset, the volume of transactions with it, data on transactions and the minimum and maximum prices for the last day. Basic Version of Spot Trading on Bithumb Global. Source. You can select another trading pair in the top menu by hovering over the corresponding button, but the easiest way is to find the desired pair through the search. At the same time, the Professional Version of Spot Trading opens up a wider set of tools for the user, which will be discussed later.
Trading Tools Professional Version Bithumb Global
On the Professional Version, users can use price charts in the form of Candles, which look like a series of vertical lines and display price changes, where the upper point shows the maximum that the price has reached and the lower one — the minimum. If the closing price is lower than the opening, then the candle will be painted red or black, and if higher, then green or white. Knowing the direction of the price movement (body color of the candle), we can say exactly where the closing and opening prices are. Price chart in the form of Candles at Bithumb Global. Source. Also in this version of Spot Trading, a price chart is available to users in the form of a Glass, where sellers ‘bids are marked in red and buyers’ bids are marked in green. The analysis of the stock market is a leading indicator of the state of the market, since it allows you to predict changes before they happen. If, for example, a large congestion of sales requests at the upper price limit can be noted, then as soon as the market reaches this limit, a recession will provoke, triggered by a large number of sales. Price chart in the form of a Glass on Bithumb Global. Source. Price charts also have different timeframes — from 1 minute to 1 week, which allows you to conduct a more in-depth analysis of the movement of quotes of the selected asset. Bithumb Global price chart timeframes. Source. Also in this version of Bithumb Global, various Indicators are available to traders. In total, the cryptocurrency exchange provides about 80 different indicators that will help in the technical analysis of the movement of crypto asset quotes. Let’s analyze the main indicators available on Bithumb Global: • Volume — allows you to track the number of transactions completed by traders over a specific time interval. Green and red bars are indicators of the volume of transactions: red signals a decrease in volume, green — its growth. By analyzing the volume of transactions against the background of the price movement chart, you can confirm the strength of the trend or reveal its weakness and predict a price reversal. If prices rise and trading volume rises, we observe a bullish trend. An increase in trading volume in the event of a decline in prices indicates a bearish trend. • Moving Average (MA) is just as popular a tool as volume is. The indicator function analyzes the average prices for the selected time interval, which gives a relative idea of the general price trends. If the actual price of cryptocurrency for a long time keeps above the moving average, we can assume that it will continue to grow. Accordingly, a fall below MA is a signal to lower the price of an asset. For more accurate forecasts, it is advisable to use several moving averages based on different time intervals. Moreover, in case of disagreement, it is customary to consider the value of the average based on a longer period of time. If the signals from several moving averages coincide, we can talk about a fairly accurate forecast. • MACD (Moving Average Convergence Divergence) — having trained on one moving average, we will move on to a comprehensive analysis of this indicator. The MACD tool analyzes the convergence and divergence of three moving averages and can signal the beginning of a new trend. MACD also works well on different timeframes and is a fairly simple and popular indicator of technical analysis. • Zig Zag is an auxiliary indicator that analyzes the highest and lowest points of the cryptocurrency exchange rate and allows you to determine the correct entry points into the market. The plus of the indicator is that it eliminates the noise that can distort the forecast of the trend behavior. Minor fluctuations are simply not taken into account: lines connect the highest and lowest points of the price chart directly. The zigzag shows global market movements, but at the same time it only captures these changes in the past, without giving forecasts on the price behavior in the future. • Relative Strength Index (RSI) — shows the greatest efficiency in a sideways trend. With active course dynamics, RSI may produce incorrect data. Such indicators of technical analysis are called oscillators, and they must be used with caution. The indicator’s algorithms analyze price changes and allow you to evaluate the oversold or overbought status of an asset and, therefore, predict the occurrence of a bull or bear trend. • CCI (Commodity Channel Index) — The CCI or Commodity Channel Index, as well as the Relative Strength Index (RSI), helps evaluate overbought or oversold assets. This chart with values from minus 100 to plus 100 is displayed under the current price chart and can be applied on any timeframes. A CCI of more than a hundred means that the asset is overbought, and the price is about to fall, and on the contrary, a CCI below minus one hundred indicates the oversoldness of the asset and the likely increase in its price. This tool also refers to oscillators and is used during a lateral trend when there is no clear idea of how the price will behave in the near future. • ADC and DI — the index of the average direction and direction of movement, signals a change in trend. It looks like three lines on the chart: red — bears, green — bulls, blue (there may be other colors on different platforms) — the strength of the trend. This indicator is fairly reliable on four-hour and day frames. If the trend strength line is within 10−20 points, this indicates that the trend is gaining strength, but if the indicators reach 60−80 points, you should wait for the trend correction. The green and red lines will show who sets the market mood — bulls or bears. If the green line crosses the red line, the trend becomes bullish, and vice versa. Indicators at Bithumb Global. Source. Another useful tool available on the Professional Version of Bithumb Global is Trend Lines. It allows you to demonstrate in which direction the price of an asset is moving. The Dow theory, which is the basis of all technical analysis, suggests that no matter how the price behaves, it will always be in a particular trend. If the price behaves relatively evenly and stays in the same range without showing either growth or decline, such a trend is called a side or flat trend. A growing (“bullish”) trend is characterized by the appearance of a series of ascending highs, with each new peak must be higher than the previous one. Accordingly, the “bearish” downtrend shows points of failure (price low), each subsequent of which will be lower than the previous one. A trend line can be built on two points of a minimum or maximum, and a third confirming one is mandatory. The more points form a trend line, the more confident and stable the trend itself. The construction points should not be too close to each other in the time frame, otherwise the direction of the trend will not be completely correct. Please note that the uptrend line is plotted below the chart, and the downtrend is above it. The slope on the trend line should also be taken into account — its constancy indicates the stability of the trend. The change in the angle of the trend line is called the acceleration or deceleration of the price movement. The larger the angle, the faster the trend. A line through price lows is called a support line. As soon as the price reaches it, it finds market support there and, pushing off, again strives upward. The line connecting price highs is called the resistance line.This is the level above which the value of the asset has not yet risen. If the price breaks the support or resistance line, this is a clear signal for a trend violation and a change in trading tactics. Trendlines at Bithumb Global. Source.
The above are the basic trading tools available to traders of the Professional Version of the Bithumb Global crypto-exchange. They will help you figure out how to properly analyze the key metrics of cryptocurrency assets so that you can build the most advanced trading strategy. However, this is not the whole range of tools available to Bithumb Global traders. Follow DeCenter materials to learn about the intricacies of cryptocurrency trading on the advanced cryptocurrency exchange. Subscribe to our Telegram channel
Since there was a recent Tao & Amanda video about merging DASH and Bitcoin Cash (BCH), and many still seem to be into it, I would like to clarify why I don't think it's a good idea. It has nothing to do with looking weak, being fearful, or selling out, but technical problems with the way blockchains work (it's really hard to kill a chain). This is all IMO, and I'd be happy for anyone to disagree/agree. It was a nice marketing idea to attract attention to DASH's superior technology, and got a lot of people talking, but in reality, merging blockchains can't work. It won't result in more unity, but more divisions instead. I believe that the only way a chain merge could happen is if a newly forked project is created that "respects" all UTXOs from both DASH and BCH (at some "arbitrary" fixed exchange rate). Then, just as Ethereum forked to create both ETH and ETC, and Bitcoin forked to create both BTC and BCH... then both DASH and BCH "merging" (forking) would result in THREE (3) existing chains: BCH, DASH, and BC-ASH (or whatever ticker is chosen). Many believed ETC and BCH would just die off, but they have not. It's unlikely that a merge-fork could kill off the old DASH/BCH chains, either. It is not similar to a stock merger, because the stock certificates you own are all transferred to the merged company's stock. In contrast, a blockchain project can continue to exist and trade on exchanges after a fork/merge, as long as anyone in the world continues to run the original software. Two blockchains merging is not really a merge - it's more like a fork to a third chain (which "respects" the UTXOs of both merging blockchains, by allowing anyone that has a UTXO on either chain to spend to a transaction on the "newly merged" chain). But suppose somehow all of DASH agrees to merge, creating just two chains: original BCH and the newly "merged" DASH (aka BC-ASH). This would still be pretty bad. Even in the unlikely case that all DASH users agreed (by vote of MNOs and software update/enforcement) - i.e. allowing BCH's UTXOs to be spent on DASH's new "merged chain" - it's quite likely that many BCH holders would not want it, and would just sell the newly merged coins on the open market, depressing the price of the new chain. Just as BTC hodlers sold their BCH post-fork to get more BTC, the BCH holders would probably sell their "free DASH" to get more BCH. Furthermore, it's not necessary for DASH to fork to "allow BCH spends" (aka "merge") - anyone with BCH that wants DASH can already buy, mine, or earn it, today! (It's not really possible for the "merge" to create just one chain, because BCH cannot all "agree" to merge - lack of governance that resulted in BTC-BCH-BSV-etc ensures that) TLDR; (1) A "merge" would most likely create 3 communities, and each of the resultant three communities would probably be smaller than each of the two previous communities, resulting in more divisions rather than unity. (2) A "merge" could less likely create only 2 communities, but BCH-ers would just sell their "newly acquired" merged coin, depressing the price instead of growing the community. (3) A "merge" cannot create one community, because BCH lacks the governance.
Does anyone have the link to the website that showed which major exchanges supported ABC vs SV node implementations before the fork?
I remember major exchanges and businesses invested in / in support of Bitcoin Cash being mapped out to show support for either node implementations (Bitcoin ABC, SV.) I thought it was a great idea then, and has proven to be beneficial in terms of BCH development versus SV being chosen to don the name and ticker symbol, considering we’d currently be the laughing stock of crypto which would totally detract from the goal of Bitcoin Cash as P2P cash for the world (which is already difficult for noobs to figure out considering all the propaganda BCH has deal with over the years.) Those publicly invested in BCH as P2P cash, who bring the most value to BCH and have the most to lose in Bitcoin Cash failing in its mission statement went with the most equitable and beneficial choice for BCH then, and would surely do the same again.
Mining Tech Giant Canaan Inc. Fails to Raise 25% of Initial IPO
The long-anticipated initial public offering (IPO) for the Bitcoin (BTC) mining manufacturer Canaan Inc. ended with raising a mediocre $90 million in capital. This cap is 10% smaller than what was anticipated, and 77.5% smaller compared to the figures of the initial IPO cap. Yesterday, the Hangzhou-based company sold 10 million shares within the framework of its public offering at $9 each. Citigroup, China Renaissance Holdings, and CMB International Capital were among the managers of this offering. Prior to filing with the U.S. Securities and Exchange Commission (SEC), the company planned to raise approximately $100 million. These shares would available for trading next Thursday on the NASDAQ under the ticker name "CAN". The initial plans have been even more fascinating. In October, Canaan filed to be listed in Hong Kong, but the financial watchdogs of the city's stock exchange declared the listing of crypto-related companies as "premature" for Asian financial hub. At that time, a cap of $400 million was scheduled. https://u.today/mining-tech-giant-canaan-inc-fails-to-raise-25-of-initial-ipo
ETP on XTZ token was launched on Swiss stock exchange SIX
https://preview.redd.it/b1rzvq1uzty31.jpg?width=900&format=pjpg&auto=webp&s=fa1b665d4ad6d8bca1d9e833fc59cba538c3e225 The ETP with the Ticker AXTZ is launched by FINTECH firm Amun AG in partnership with the Tezos Foundation. Amun notes that this is the first such product that will allow investors to receive passive income through transactions that are confirmed on the Tezos blockchain. The firm will charge a product management fee of 2.5% per annum. "Investors will be able to buy a share of the Fund for just $ 20, and we will manage it on their behalf and reinvest the dividend, without having to carry out any operations on their own," said Amun co-founder and CEO Hany Rashwan. The base ETP tokens from Tezos are stored in Coinbase Custody. The product is available to both retail and institutional investors. After today's launch, the number of cryptocurrency ETP deployed by Amun AG to the SIX exchange has reached nine products. In October, SIX launched an ETP for the BNB token, as well as a listing of ETP for bitcoin and ether. By this time, the exchange has already presented ETP from Amun AG based on bitcoin, litecoin, bitcash, ether, ripple and two composite products. Today, Amun AG also launched seven of its Euro-denominated ETP on the Stuttgart stock exchange. Previously, investors had access to these ETP only in us dollars and Swiss francs. "For the first time, European investors have gained access to a low-cost institutional-level exchange-traded investment instrument in the Euro, tracking a basket of cryptocurrencies," said Laurent Kssis, managing Director of Amun AG. #SIX #Switzerland #ETP #listing #Tezos #altcoins #tokens #stockmarket #derivatives
Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US
https://preview.redd.it/dtcdon38sfv31.png?width=685&format=png&auto=webp&s=0c1c6a7bbe545090e1f6e3821f49eff12c7e7cd9 Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States. On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise $400 million, while planning to be listed on the Nasdaq under the ticker CAN. Canaan reportedly filed a $200 million IPO draft request with the U.S. regulators in July, but the formal F-1 form was not made public until today. If successful, Canaan, which is one of the three major Chinese crypto mining companies alongside Bitmain and Yibang International, could become the first China-based mining firm to be publicly traded in the U.S. Bitmain already filed to list an IPO with the U.S. SEC in June 2019, following the expiration of its IPO listing application with the Hong Kong Stock Exchange in March. According to the SEC filing, Canaan generated $394 million in revenue in 2018, with a net income of $8.3 million. However, the designer and manufacturer of Bitcoin mining machines has experienced a total comprehensive income loss of $45.8 million in 2019. Canaan competitor opens the “world’s largest” mining farm Canaan’s biggest competitor Bitmain opened what it claimed to be the world’s largest facility for Bitcoin (BTC) mining in Rockdale, Texas, which was completed thanks to a collaboration with the Rockdale Municipal Development District and Canadian technology firm DMG Blockchain Solutions. Clinton Brown, Rockdale lead project manager for Bitmain, said that the facility’s launch is “significant to Bitmain's global expansion plans” and that the state’s stable and efficient energy resources will be fundamental to supporting what he believes is set to be the inevitable scale of growth of the mining industry.
Gundlach Compares Recent Buy-the-Dip Mentality to Subprime Crisis
Jeffrey Gundlach is worried that investors are getting suckered into buying the dip in stocks, high-yield bonds and leveraged loans. In his annual “Just Markets” webcast on Tuesday, DoubleLine Capital’s chief investment officer sounded off on a range of topics, including Bitcoin, Federal Reserve Chairman Jerome Powell’s “pivot,” the growth of the U.S. national debt, and the problem of underfunded state and local government pension plans. But it was the “BTFD” 1mentality that’s lasted for so long in risky corners of the financial market that had him drawing comparisons to the subprime mortgage crisis. He explained his chief cause for concern: “People were panicking in the later part of December. They were panicking, actually, but the flow data shows they were panicking into stocks, not out of stocks. People have been so programmed, and feel so frustrated by selling when we get dips, that this time they weren’t going to be fooled. This time, they were going to buy the dip. I worry about that, though, because it reminds me a little bit about how the credit crisis developed in 2007 and 2008.” He’s right. A quick look at fund flow data for the iShares Core S&P 500 exchange-traded fund (ticker IVV) and the SPDR S&P 500 ETF (ticker SPY) tells the story. The iShares fund avoided outflows from Dec. 11 through the end of last week, even as stocks fluctuated wildly, data compiled by Bloomberg show. The SPDR fund drew the most money since February on Dec. 21, the day it tumbled 2.62 percent, part of the fund’s longest losing streak since January 2008. https://preview.redd.it/a4z0rqb9gm921.png?width=754&format=png&auto=webp&s=2c6acad308881b15b4d8f3c96966b43a337eca35 Whoever did that is “feeling good today,” Gundlach said. But he offered a reminder of what happened to investors more than a decade ago who snapped up subprime mortgages at what they thought were low prices. “The people who bought the dip, they didn’t sell, they hung on, and the market started to crack again. And we have that waterfall that ended up happening. The people who bought the dip ended up getting scared and turned from buyers into sellers. There’s potential for that here.” It’s not just the U.S. stock market that’s witnessing this, either. Junk bonds have come roaring back, with the Bloomberg Barclays U.S. Corporate High Yield Bond Index already returning 2.5 percent so far in 2019. The average price of leveraged loans, as measured by the S&P/LSTA Leveraged Loan Index, is up to 96 cents, compared with 93.8 cents at the end of 2018. Investors should use this recent strength in junk bonds “as a gift, and get out of them,” Gundlach said. “Investors bought bank loans and high yield, I can understand why you buy the dip, I get it, buying the dip certainly worked back in 2016 and if you missed that, you feel bad about it. But like I said about subprime back in 2007, the first people, they buy the dip, they’ve never done that before, but they’ve been trained now to do it after continued frustration for not doing so, and then when prices head lower, suddenly those buyers turn into sellers, and with all the supply that’s coming, it’s a really interesting issue who’s going to buy it.” All of this is to say Gundlach doesn’t seem to be a fan of risky investments at these prices. By his thinking, capital preservation is key because markets may be approaching the point at which some of these dips are going to end up being much more than just that. Though he wouldn’t necessarily load up on long-term U.S. Treasuries, either — that rally might be over, after a nice rebound to end 2018, he said. https://preview.redd.it/71bstrtigm921.png?width=780&format=png&auto=webp&s=a3750e6fba846d2f0c945755ba7fcc975dae673d Dismiss his gloomy outlook if you wish, but, as Bloomberg News’s John Gittelsohn noted ahead of the webcast, a lot of what Gundlach predicted in 2018 came true. He called for U.S. equities to rise early in 2018 but then eventually reverse and leave the market down for the year. He nailed the direction of stocks better than some of his equity counterparts. If you’re an active fund manager, it’s hard not to sympathize with his view on buying the dip. It has been so prevalent, for so long, that it seemed almost inevitable that the late 2018 drop wouldn’t last. The wave of cash coming into passive ETFs tracking the S&P 500, even as the market tumbled, says it all. No one is perfect when it comes to predictions, but Gundlach’s 2018 calls were largely spot on. If that happens again in 2019, investors had better buckle up for some turbulent times.
Chinese Cryptocurrency Mining Giant Files for $400 Million IPO in US
https://preview.redd.it/9kl03htgsfv31.png?width=685&format=png&auto=webp&s=644f851791a27385c1ca6a336477d931a2e8f120 Chinese cryptocurrency mining giant Canaan Creative has filed to be a publicly-traded company in the United States. On Oct. 28, Canaan Creative filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) to raise $400 million, while planning to be listed on the Nasdaq under the ticker CAN. Canaan reportedly filed a $200 million IPO draft request with the U.S. regulators in July, but the formal F-1 form was not made public until today. If successful, Canaan, which is one of the three major Chinese crypto mining companies alongside Bitmain and Yibang International, could become the first China-based mining firm to be publicly traded in the U.S. Bitmain already filed to list an IPO with the U.S. SEC in June 2019, following the expiration of its IPO listing application with the Hong Kong Stock Exchange in March. According to the SEC filing, Canaan generated $394 million in revenue in 2018, with a net income of $8.3 million. However, the designer and manufacturer of Bitcoin mining machines has experienced a total comprehensive income loss of $45.8 million in 2019. Canaan competitor opens the “world’s largest” mining farm Canaan’s biggest competitor Bitmain opened what it claimed to be the world’s largest facility for Bitcoin (BTC) mining in Rockdale, Texas, which was completed thanks to a collaboration with the Rockdale Municipal Development District and Canadian technology firm DMG Blockchain Solutions. Clinton Brown, Rockdale lead project manager for Bitmain, said that the facility’s launch is “significant to Bitmain's global expansion plans” and that the state’s stable and efficient energy resources will be fundamental to supporting what he believes is set to be the inevitable scale of growth of the mining industry.
Cryptocurrency NEO-review and analysis of prospects
https://preview.redd.it/92i8bo3tm1v31.png?width=800&format=png&auto=webp&s=392f964144975e5e2e11a6ea784f6f03923017b3 The NEO digital asset platform was previously called Antshares. But in recent times, a complete rebranding has been made. In addition to the name change, the startup updated blockchain nodes and technical documentation, as well as the stock Ticker. In addition, the official website and social media were redesigned. The transition to a new version of the smart contract system, called NEO-2.0, was carried out. The NEO cryptocurrency has been showing stable and non-stopping growth for a long time. Very quickly, the Chinese creation took seventh place in the top of Coinmarketcap. This, without a doubt, is a serious bid for prospects, given the high competition in the cryptocurrency market. And Ether confidently holds the second line after the famous Bitcoin. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line. At the moment, the price fluctuates around $45. The cost for three months has increased 20 times. The volumes of neo cryptocurrency reserves are clearly defined and limited to 100 million tokens. So far, only half of the available potential — 50 million tokens-is available on the market. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line. The project is actively developing. OnChain cooperates with other players in the field of cryptocurrency and blockchain technologies. At the moment, there are connections with blockchain startups Coindash, Bancor, Agrello and others. The Chinese project Red Pulse has announced the creation of a financial research platform based on the NEO-2.0 smart contract system. Also, in cooperation with NEO, there is an intensive development of The Elastos operating system based on blockchain technologies.
THE history of the emergence and development of neo cryptocurrency
https://preview.redd.it/2f7c6ryop1v31.png?width=1280&format=png&auto=webp&s=300b03be2a471d857d7d22d5659f2a4ef74c5e8b The date of origin of the project can be considered 2014. NEO Creator Da Hongfei is a Director of Shanghai-based OnChain. In 2014, onchain, according to Da Hongfei's idea, launches the AntShares blockchain project. On the basis of this platform, a cryptocurrency of the same name was also created. Yes Junpei put to the company is simple, but a global problem. His goal was to build a fundamentally new system of financial interaction. This system should unite the sectors of the real and virtual economy into a single whole with the help of high-tech contracts. And cryptocurrency from OnChain should become a unit of payment for these contracts. Soon OnChain enters into a contract for cooperation with the Wings blockchain project, as well as contracts with economic giants Microsoft and Alibaba. In August 2017 begins the story of NEO already in its current form with the current name. Da Hongfei carried out a complete rebranding and technical modernization of the project. The rebranding was a huge success, and the price of cryptocurrency from OnChain soared 40 times. But not without problems. On the fourth of September, the Chinese authorities adopt a package of sanctions laws against cryptocurrencies and ICO. It was a heavy blow, which at the time almost 2 times brought down the course of the brainchild of Hongfei. However, soon the NEO cryptocurrency moved away from the blow and began to confidently win back the lost positions. At the moment, OnChain is actively upgrading the product and simultaneously trying to find a compromise with the Chinese authorities for the legalization and quiet operation of its offspring.
Features and principle of operation NEO
https://preview.redd.it/tj1goppoq1v31.png?width=800&format=png&auto=webp&s=0c39d14754ba9dd99e2c6bfb692f0f7bdd6c1838 From a technical point of view, the Chinese cryptocurrency is very similar to Ethereum. The basis of the platform is the construction of smart contracts and their subsequent payment with tokens. Also an important part of the project is the ability to create new technologies based on the platform, as well as easy integration with other services. Despite the fact that NEO is often called "Chinese Ether" and the fact that the Ether still occupies a higher position in the ratings, the product from OnChain has advantages that the Ether lacks. NEO is much more practical and functional. This, no doubt, opens up the potential to move the Airwaves in the ratings in the near future. Let's see in detail how everything works. Transactions within the system are possible when paying a Commission. The Commission is paid in-system currency. That is, for the transaction you have to throw in the system additional "fuel". The developers of OnChain decided to create an additional in-system currency, called GAS, as a fuel (a means of paying commissions). NEO mining is impossible. There is a final coin value of 100 million. 50 million thrown on the market during the ICO. The second half of the developers keep at home. However, GAS mining is possible. However, it occurs when holding coins in a purse. That is, the more tokens you have, the more GAS coins you can get to pay commissions. Today, 2000 coins in the wallet accumulate 1 coin GAS every twenty-four hours. Such mining is associated with the work of the network on the Proof-Of-Stake algorithm. Coins generate themselves. Without the use of farms of video cards and megawatts of electricity. Like any cryptocurrency, NEO has advantages and disadvantages. The benefits of NEO:
the publicity of the company and experienced team;
contracts and cooperation with corporate giants;
a wide functionality, much superior to the functionality of Ether (it is difficult for a simple person to understand what the salt is, but for a specialist NEO opens the widest horizons for development and operations);
activity in meetings and seminars;
active struggle of OnChain for legalization (although there are some problems with this now in China, however, there is a high probability that soon all issues with the government will be settled, which will attract large investors and significantly increase the already considerable capitalization of NEO).
The shortcomings of NEO:
all gas storage nodes belong to OnChain, that is, NEO is a centralized structure, although it is served as decentralized, this means that blockchains are in the hands of a narrow circle;
OnChain has the technical ability to monitor the transactions of coin owners, transmit information to the authorities, as well as personally block funds in users ' accounts and regulate the rate.
However, there are great economic and technical prospects for the development and increase in the price of the coin.
Direct mining of NEO is not feasible, you can only mine GAS to pay commissions.
Bitcoin mining depends on the power of the technical base of the miner. The larger the pool of farms from video cards, the more active is the production. In the NEO system, gas mining occurs exclusively due to the presence of coins in the wallet.
To organize a large Bitcoin mining requires large purchases of iron and organization of production (supply of high-power power supply line, cooling system, etc.). A direct injection of investment is sufficient for the development of GAS. Each purchased 2000 coins of "Chinese ether" will steadily accumulate exactly 1 coin of GAS per day.
Bitcoin has the most decentralized system of blockchains, as opposed to pseudo-centralization of NEO.
The processing speed of one NEO block is only 15 seconds. For bitcoin-as much as ten minutes. In the future, it is predicted to accelerate the processing of blocks for NEO to 1 second.
Despite the risks associated with the organization of blockchains, NEO remains a very promising platform in the cryptocurrency market.
NEO storage wallets
On the official NEO website you can find links to the following wallets.
Wallet NEON-Wallet from the group of independent developers City of Zion. Quite good, but the factor of third-party development and the presence of bugs impose their risks.
NEO-CLI. This wallet is recommended only for programmers and people who are good at command line.
NEO-GUI. The best option for the average user. To use it, you need to download the application, synchronize the blockchains and make a backup of the wallet. All. Now you can safely carry out financial transactions using Chinese kryptonite.
There is also the option of storing directly on the exchanges, however it is risky. Also, holding coins on an exchange rather than in a personal NEO wallet will not generate GAS.
As the value and popularity of NEO increases, a massive increase in trading platforms where you can buy or sell "Chinese Ether" is predicted.
Ways to get NEO
Unfortunately, at the moment there is no way FOR direct NEO mining in the manner of Bitcoins and Ether. However, there is a way out. NEO cranes can be used. Cranes are resources where the user receives a cryptocurrency reward for performing certain tasks or participating in lotteries. There is a high probability that if successful in the legalization negotiations, OneChain will provide additional ways to get their tokens. As you can see, NEO is a very promising and rapidly developing cryptocurrency. And although the Chinese government has created some difficulties, on the example of Bitcoin, we see how high the rate of the crypto currency can rise if the factors interfering with the development disappear. So, the prospects of NEO are optimistic and you can risk investing in them.
10-24 01:23 - 'How come bitcoin-community is so friendly to 15% cut when buying or selling bitcoin in exchanges and the different type of bitcion-services?' (self.Bitcoin) by /u/Woodsuck removed from /r/Bitcoin within 6651-6661min
''' Is the btc-price-ticker a big Bitcoin-lie to all and everyone? Because this is not at all the case with other stuff like stocks or fonds when buying or selling. These fees is really a scam of the whole bitcoin-community. Lets say I buy 1 bitcoin right now. 8K says the price-ticker. I pay 8K to get 8K right lol? 15% go to the service. I get $6800 worth in bitcoin. (BTC 0.85000000) I send the bitcoin to another person, and that person cash out as for a finalized transaction. %15 go to the service again. $5780 is left of the $8000. A total fee of $2220 from the $8000. So what must the person do that cash out? He must wait until the price go up, so he can cash out at least the same $8000 he bought - for going plus minus 0 in loss/profit for this transaction. If having $6800 worth in bitcoin at price $8000, it is the same as btc 0.72250000. 15% of 0.85 is 0.72250000 And for btc 0.7225 to become $8000, he/they must wait until the bitcion-price become: $11072.66 before cashing out to get $8000 and go even. And bitcoin and bitcoin-community is about transactions with low fees and is trusting these services???? It does not even go to the miners. And the buyer must wait (freeze the transaction) for the price to go up until it become realistic. But how realistic is it to expect the price to rise %38.5 just for being a "normal transaction that works with low fees"? The buyer is stucked in waiting, and there is no flow of buying/selling bitcoin when half is stucked in waiting for the price to rise. ''' How come bitcoin-community is so friendly to 15% cut when buying or selling bitcoin in exchanges and the different type of bitcion-services? Go1dfish undelete link unreddit undelete link Author: Woodsuck
I thought it would be interesting - and fitting for the random discussion thread - for willing contributors to share the story about how they got into trading. We all obviously share a passion for making money but I am sure that we each have a different story about how we found this path. I’ll go first! I have always had a fascination/ obsession with trading. The idea of being able to trade up - starting with something small and snowballing it into something larger, bigger, better has always attractive to me. My first opening bell Trading for me started in childhood. I have had the opportunity to have moved around a lot as a child due to my father’s career. We moved to Milan as a family when I was 8. This was my first time living in a non-english speaking country. When the bell rang at the beginning of recess on my first day at my new school, all of the school children flooded into the playground and huddled around each other in groups. I peered over shoulders to see that everyone was swapping decks of football (soccer) stickers, assessing each other’s inventory and segregating all the cards that they wanted to trade for. “Ce l’ho, ce l’ho”. These were the first words of my italian vocabulary and the only words that the kids would say as they rifled through each others desks. “I have it, I have it.” Once the rejects had been discarded, negotiations could begin. The next day, the 10:20 bell marked the beginning of recess; market open! Trading football stickers was the only thing that mattered those days and my best way to start making new friends. Unfortunately I had none but the boy who shared my desk in class was kind enough to give me his worst cards - a couple duplicates of the goalkeeper from Chievo, a team that consistently places at the bottom of the Serie A league. Everyday the market would open at 10:20 sharp for a 20 minute session and would open again at 12:45 - 2pm. At the end of the year I had hundreds of stickers - and I never spent a cent. At that age, we all lived for this! The football stickers eventually fell out of fashion as interest shifted to pokemon cards, then magic cards and even yugioh. Nevertheless, these playground interactions were my formational experiences in trading. After school, I also started playing online games like Runescape and socialising on Habbo hotel - a virtual world chat room where people would hang out in rooms they designed and filled with furniture that would be bought with ‘real world’ currency. Without paying for membership - I was able to collect hundreds of HC sofas - the currency by which every other piece of furniture in the game was valued. Trading up. While at the time I am sure that my parents thought I was wasting my time on the computer I personally feel that these online games, which were each centred on a system of exchange, were an amazing way to learn the fundamental dynamics and features of markets. I am also convinced that business in the real world is nothing more than a more bureaucratic evolution of these playground/ online games. 2008 - let’s get rich After several years in Milan, we moved again to Paris. New school, new friends. As teenagers there were no trading cards to facilitate the transition. I had been playing Runescape but was not interested in the game anymore and started to look into ways of converting the virtual in-game currency I had amassed into real money to ‘cash out’. I came across forums where people were selling leveled up accounts for good old American Dollars. I came to the fateful realisation that my countless hours of toil in the virtual world did not amount to much in ‘real life’ - I could not catch a bid - so I started to look to other ventures and pursuits that would allow me to earn money. I have a twin brother and both of us have always had an artistic/ creative bent and excellent drawing skills etc. Now at age 13, we decided to leverage this talent to make some money. This was in 2007, which marked the emergence of the gig economy just before its true expansion post-2008. The beginning of my quest began with a google search: “how to use photoshop to make money”. Clicking through the initial results, I stumbled upon a very low traffic forum where users would initiate logo competitions for their small businesses and submissions would be made with image links in replies. I then found Sitepoint - the precursor to 99designs - and my brother and I started to make logos there under the pseudonym - Pixelsoldier. We were able to win one of our first competitions within a month - $250 in the bank. We would come home from school, finish homework and then scan through the available competitions and start to sketch out ideas for logos. Within a couple more months we had made $2000. Age 13. The internet can be a marvelous thing. The organisers of the 2008 Singapore Property Awards (who would use the same logo for the next 7 years on highly publicised events) certainly did not know that the ‘design professionals’ they were working were teenagers. Having won that first $2000 we decided to open a Scottrade account to trade in stocks. Our only guide was “Stock trading for dummies” which I bought but never read. The answers to all of our questions lay with ‘Omnitron2000’ on a yahoo stock chat room. So, following tips from some random dude on the internet, we decided to make our first stock purchase in RDN which returned $250 within 10 minutes. Oh, this is easy! We are going to make it to the cover of Forbes in no time! The first hit is free. Our next trades were not so inspiring. The next ticker we traded - on a “tip” - was TMA, which soon became THMR and then THMRQ. As per the google description, “Thornburg Mortgage was a United States real estate investment trust that originated, acquired and managed mortgages, with a specific focus on jumbo and super jumbo adjustable rate mortgages.” Was being the operative word. This was 2008. I knew nothing. The rebirth I lost interest in trading after our swift blow-up. Nevertheless, my brother and I continued to try to make some money on the side by designing logos throughout high school. A couple years later, when it came to selecting university courses I decided to study Architecture although at the time I wouldn’t have been able to give you a good reason why other than the typical “it is a good mix between the sciences and the arts”. I had never had difficulty at school and was always at the top of my class; a classic “insecure overachiever” - the kind that corporate employers love to target as they always strive to please. My brother instead choose to study civil engineering. I completed my undergraduate Architecture degree with a 4.0 GPA and gained entry for my Masters although I decided to defer a year because I was not convinced that it was what I wanted to do. After working for a couple of years in various Architecture practices both in the US and Europe I was able to confirm my doubts: Architecture was not my passion. If anything, what I enjoyed about Architecture was the creative problem solving but not the actual profession. During one stint of working at a practice in LA, I had had to find accommodation through Craigslist. My roommate there had been talking to me about bitcoin (late 2016 and before crypto investor was an instagram profession) as well as other investments he had made. He was somewhat of a fashionista and had actually sold his last 2 bitcoins to at around $800 to fund his distorted tastes. In any case, he introduced me to options in an extremely cursory manner - simply saying “I’ve had some success with options”. My brother had also graduated and while waiting to start a well-paying job in consulting was tutoring by the hour and earning some cash while living at home, which he poured entirely into a trading account to play around with ‘FDs’. I moved to a new architecture practice and continued to have serious doubts about Architecture. Not having found any alternative, I then started my Master program. Around this time, my brother started his job and put his signing bonus into the trading account for me to take over when I was not studying. Around November of 2017 I started to focus most of my attention on trading SPX options and really neglected my architecture work. The workload in architecture is immense, particularly at Postgraduate level. With divided focus and a much stronger interest in trading than in my degree, I quit after the first semester. That was a year ago. I took a leap of faith and broke away from the path I did not want - without much of a parachute. Here I am today. To be frank, it has been a year of learning. Negative YTD. But as they say there is a price for education. The account is small but I still have dreams. I am at somewhat of a crossroads. There is a lot of pressure on me to quit but I feel that beyond trading, I have little idea what I want to do. To that end, I am curious to know how each of you came onto trading and how it factors into your life. When did you open your first brokerage account. Do you work to be able to trade or is trading something that features in addition to your career?
Crypto mining firm Hut 8 hits Toronto Stock Exchange
News by Coingeek: Ed Drake A crypto mining company has been granted conditional approval to list on the Toronto Stock Exchange (TSX), becoming the first company of its kind to be listed in a public trading venue in Canada. Hut 8 Mining Corp. is the first company to be listed via the Toronto Stock Exchange Sandbox, where it will be given a 12-month probation period to demonstrate compliance. Should the company pass this compliance threshold, it will automatically join the main TSX after that period, opening it up to mainstream access to capital markets. The Canadian mining company is an exclusive North American partner of mining hardware manufacturer Bitfury Group Ltd. Across its two sites in Alberta, the firm contributes 963 PH/s to the network, running 94 BlockBox AC mining units. The TSX Sandbox was set up to allow firms that don’t satisfy the listing requirements for the main exchange, but might still otherwise be suitable candidates for inclusion on the exchange. Hut 8 will be allowed a rolling 12-month period during which it must avoid compliance issues. During that period, shares will be available for trading in the same way as regularly listed securities. Any compliance issues arising during the period will reset the probation period. For the duration of the period, Hut 8 will be required to make two additional disclosures, highlighting risks inherent in their investment proposition: First, “The value of Hut 8 shares is directly linked to the price of the Bitcoin held by the company. Volatility in the Bitcoin market can therefore impact the price of shares.” Also, “The company is in an early stage of development and therefore has a limited history of operations.” Hut 8 securities will be listed under the HUT ticker symbol, or as “HUTMF” on the OTXQX Exchange. The news means Hut 8 will now be able to access capital markets, the first company of its kind to list in this way in Toronto. It also serves as a trailblazer for other mining firms to list in future, though it remains to be seen whether the firm can overcome the compliance tests necessary to graduate to a full listing.
Publicly-Listed Mining Firm Argo Blockchain Adds 1000 New Miners
News by Cointelegraph: Adrian Zmudzinski Mining firm Argo Blockchain installs 1,000 more mining machines, financial news outlet ProactiveInvestors reports on Sept. 19. The addition of the new machines would take the company’s total number of miners to 6,000. Furthermore, the firm also plans to acquire another 6,000 of them in the next two quarters. The firm, publicly traded on the London stock exchange under the ARB ticker. Reports which circulated in August also pointed out that the company signed a deal to increase its electricity supply by 357%, which would be enough to power an additional 15,000 machines. Argo Blockchain promises more updates on its development plans will be released next month.
Long term plans
At the time, Argo Blockchain held 7,025 machines that it mostly uses to mine Bitcoin (BTC). But if it was to expand to 15,000 machines, this would take its total hash rate to 1,360 peta hashes and could make it the largest publicly-listed miner. Since the beginning of May, the company’s stock price increased by 192.3% from £3.25 ($4.06) to £9.5 ($11.85) per share, according to Google Finance. As Cointelegraph reported at the end of August, Bitcoin mining has proven to be a quite profitable endeavor in its ten years of existence as all-time revenue for Bitcoin miners has topped $14 billion.
CBOE Bitcoin Futures: Trading advice from a seasoned stock+options+forex trader
Disclaimer: This is only my opinion. Nobody knows what will happen in the future, but this is what I will be doing. TLDR: If you own Bitcoin already: don't sell. If you want to buy more, watch the market over the next few days (especially the next few hours) for good opportunities. I've been a professional (other people's money) stock, options, and FOREX day-trader for a few years, and have many more years of non-professional (my own money) experience. In about one hour (6PM Eastern Time), the Chicago Board Options Exchange will begin trading Bitcoin futures under the ticker XBT. A short explanation of futures trading: Traders bet on the future price on an asset, in this case Bitcoin. Instead of actually trading Bitcoin, they are trading contracts that give the right to buy or sell the asset at a certain price. Futures exist for many assets, including but not limited to Gold, Silver, Wheat, Corn, Soy, the S&P500, etc.... Read more on futures here.
What does this mean for Bitcoin?
The addition of this new security will make a big impact on Bitcoin trading. Bitcoin will see a huge increase in trading volume and, consequently, short-term volatility. Eventually, the addition of volume will cause the price to stabilize. However, the new traders will likely cause a frenzy of buying and selling that, for the near future, will cause huge spikes in both directions. Again, in the long-term, the price should stabilize from the additional liquidity, but the influx of traders will temporarily destabilize the market. Other than the price, the introduction of Bitcoin to mainstream traders will further support the growth of Bitcoin as a currency. I am very pro-Bitcoin long-term. Watch this video from Andreas Antonopoulos for his insight on the CBOE.
This is my opinion. I cannot predict the future with certainty, and there is a very good chance I will be wrong. Be smart with your trading to protect you when you're wrong. Today I sold about half of my Bitcoin at a profit after buying during yesterday's mini-correction. My plan is to hold the other half through the chaos. I am anticipating major price swings in both directions over the next few hours/days, so I intend to buy back the Bitcoin I sold if/when the price dips considerably. In the event that the price skyrockets, I still have half of my Bitcoin. In the event that the price tanks downwards, I can buy much more Bitcoin to bring my average Bitcoin price down significantly. If you already have Bitcoin, I suggest holding it tight. If you want to buy more, you may see some very good opportunities in the near future. Good luck! :) EDIT: Although futures trading started tonight, most traders will not engage in trading until tomorrow morning. Thanks for the gold!
When I first noticed Bitcoin, it was hovering around $11 in 2012. I tried to start mining, but quickly realized my Macbook Pro’s processing power wasn’t sufficient to justify the time and energy it would take to get up and running. I never mined a single Bitcoin, but I did quite a bit of research. I rapidly read articles on Bitcoin, its past and its future. I watched tutorials on how to mine Bitcoin and the mechanics of its payout system. I browsed all the major forums, for opinions from Bitcoin owners. This isn’t me trying to brag about my foresight in spotting Bitcoin before it became big. As a technology enthusiast, this was just one of the many tech crazes I explored. Many of these failed quietly or haven’t yet satisfied the hype (3D printing). If there was one consensus among Bitcoin owners in 2012, it was that they truly believed in Bitcoin. Enthusiasts foresaw the potential revolutionary impact of a de-centralized currency. Libertarians hoped for an end to the monopoly of the dollar. Despite its problems, the future looked bright, and early adopters invested on that premise. Today, many purchase BTC with no basis other than the gargantuan number beside the ticker and an exponential price chart. With every sharp increase, more and more speculators purchase BTC, with nothing but a hunch as vindication. Answers appear on Quora, where writers ‘guarantee’ BTC will rise to $25,000+. Yesterday, I talked to someone who purchased 1 BTC, at ~$12,500. He excitedly revealed that he had earned a 25% return within 24 hours, as BTC rose to $16,500. I interrupted to ask what had prompted him to buy BTC in the first place. His only response was that he saw the pattern of BTC’s growth and didn’t believe the profits would end anytime soon. My friend is normally a rational, intelligent person, whose opinions I seek and respect. As such, I was astounded to hear his speculation was based solely on a hunch. My response was simple. I showed him a chart of an even bigger growth stock than BTC, at the height of the tech bubble in 2000. At the height of its powers, Cisco was the largest company in the world. Like Bitcoin, for over a decade the stock had been exponentially rising, posting a 265,100% return between IPO and peak price. But then the party stopped and the bubble burst. From 2000–2002, Cisco lost 88% of its value. The stock never fully recovered, and still lingers as a shadow of its former formidable self. Cisco isn’t an isolated example. History is filled with examples of ‘the next best thing’ with an astounding growth record but without the fundamentals to back up these crazy valuations. Tulipmania, the South Sea company and the Mississippi company are just some of these precedents. I then asked another simple question, to forget about the share price, and to imagine he could never sell the stock on an exchange. If he had to buy BTC at $16,500 and could never sell it on any exchange, would he be happy to hold BTC, as an investment which he could only use as a currency in shops, as he would the Euro or the US dollar? Would he be happy to use BTC for its intended purpose, not just to make a quick profit. I invite you to ask yourself the same question. BTC is currently worth a collective $267 billion. Do you believe that BTC could buy $267 billion worth of items, either online or in brick and mortar stores? You may strongly believe BTC will become accepted as a fiat currency, but even then what makes you believe each BTC will be worth more than it is today? Is it not already priced into the market? Considering the lack of assets or government guarantor to act as collateral, why is BTC worth more than the paper clip on my desk? These are all questions you have to ask before purchasing BTC. We’re in the middle of a 9 year bull market, the 2nd longest in history. Markets have been rising so long, they’ve all but forgotten the possibility of a crash. People are buying a ticker, without any consideration for the underlying asset. Ultimately, BTC is at its current price because no-one is certain it will go up or down. I believe it's grossly overvalued, and the underlying asset doesn't deserve a value of $267 billion. That's why I can't recommend investing in BTC.
Pundi X ecosystem handled a total of 26,380 crypto transactions valued at 3.9 million in USD during the 1st quarter of 2019. Registered XWallet users have increased to 179,982 as of April 10. XPOS has been shipped to 30 countries.
By integrating a collection feature, we are making XWallet a virtual mini-XPOS. Users can be part of the XPOS merchant network by becoming verified merchants from the XWallet app. Staking and conversion are also integrated into XWallet app and available for KYC verified users.
XPOS Handy, a more affordable version of XPOS, is now in production. 2,000 units will be produced. The team is also looking into expanding XPOS into traditional POS units platforms and has started working on one of the top two POS brands for integration. Product Development Overview
Due to the conversion, the token removal in 2019 will reflect the result of both NPXS / NPXSXEM utilization and NPXS / NPXSXEM conversion to FX. For example, the amount of Q1 token removal will be announced in the first week of May 2019 and the execution will take place in the second week of May.
Below is a summary of the Q&A with community members.
Q: How many live working XPOS are there in the world right now? Understand the plan was 100,000 in 2021. But recent news is only talking about someone maybe buying 1000 in 2021.
Is the delay in scaling XPOS because of the licenses which Pundi X doesn’t have yet? If yes, when can we expect it to be approved or denied?
Zac: The pick up rate during Q1 isn’t moving as fast partly due to the bear market. Another contributing factor of which some of you may be aware, is that we have been working on obtaining the relevant FCC and CE certifications for the XPOS as it’s a requirement by most governments. We are pleased to announce that the XPOS has been officially certified. It’s in fact the first blockchain based POS device that has been given the CE certificate. And with this, we will begin to accelerate to get the XPOS compliant with the different markets and increase the activation rate of the XPOS. For example, in Dubai, we are working with the local credit bureau to apply for an approval with the local regulators using our CE Certificate as the base document. The same goes for Korea’s KC certification. So yes, a lot of things have been moving behind the scenes and one thing that is clear is whatever we do, it is to play the long-term game. Hence, we had to make sure that we have all the relevant required certification for the XPOS before we take it to the next level of deployment.
Q: How many XPOS transactions (by coins) have been done so far (since the start)?
Zac: The XPOS and XWallet have handled a total of $3.9M USD in Q1 outbound transaction.
Q: Will there be a major partnership such as with Uber or Amazon to use the XPOS? Any strong partnerships in the works for the XPOS?Any upcoming big deals for the xpos ? Like Starbucks, etc? And did Pundi X ever get in contact with Kroger?
Zac: As always, similar to other business deals, due to confidentiality agreements, we do not comment on major partnerships until it’s firmed up or announced first by our counterparties. One thing for sure, we are working hard to engage established global enterprises (especially those) with a large distribution network and footprint. In addition to that, we are exploring the expansion of our XPOS solution footprint by integrating the XPOS into one of the Top 2 point-of-sale manufacturers. We will share the process and details once we have completed the testing.
Q: Any updates on a Pundi X collaboration with Dubai government?
Zac: We are in the process of getting the XPOS certified with the local government authorities. And now that the XPOS has the CE certificate, it will accelerate the approval process in Dubai.
Q: When is the XPOS capable of handling credit card payments?
Zac: We have reached out to various parties that can provide and activate these services and that includes meeting the CEO of MasterCard, Mr Ajay, in person. He has seen our XPOS and from what I could tell, he was impressed.
Q: When will you add XRP to XPOS?
Zac: The XPOS is a digital currency-neutral device. When there’s enough demand and a real need from an organization or company, we would not hesitate to add it to our XPOS ecosystem.
Q: When will the XPOS have WePay, AliPay, Samsung and Apple pay?
Zac: XPOS itself is hardware-ready for these payment methods. To activate these services, we will be required to comply with the local regulations in different jurisdictions and work with the providers of payment gateways.
Q: Can we get a merchant map, similar to bitcoin ATMs?
Zac: The team is working on this. In the first phase, we will have a list of the featured merchants. We are targeting to have a “lite” version of this “featured merchant” map ready by end-May. We are finalizing the name but you can call it the X-MAP where you can locate your favourite XPOS merchants or X-Merchants.
Q: Does Pundi X have plans to support stable coins?
Zac: Our XPOS merchants already have access to the stable coin feature, but for regular consumers, the option to have stable coin is not available yet. However we foresee turning on this feature soon.
Q: China and Thailand should be supplied with XPOS via some partner. The news was big but that was over a year ago. What’s the status in these two key markets?
Zac: China’s stance against Cryptocurrency is still a no-go. The news that was mentioned a year ago refers to our license distributor called XPOT (they had a kick off event a year ago where Mr. Prachuab Chaiyasan, Former Minister of Foreign Affairs of Thailand was one of the attendees). XPOT is our licensed distributor and I believe they are still in discussion with the local governments and pending the environment to change. Regarding Thailand, we are in talks; with possible partnerships in this market. Please stay tuned.
Q: What are the current legal issues Pundi X is facing in USA, Germany and Canada?
Zac: Regulatory bodies are still ambiguous about their policies toward cryptocurrencies. As previously mentioned, we will continue to monitor the situation in the different markets and be compliant so that as soon as there is clarity in the market, we will be in a prime position to move in.
Q: When is Pundi X expanding to India? I was at your Mumbai Meetup but we are still waiting
Zac: We are awaiting RBI’s permission too, as crypto is still frowned upon by the local authorities.
Q: A long time before the public token sale, at the pre-sale stage, Pundi X said they have a working product and simply needs the funding to pay for a huge production and then give out XPOS devices for free. The cost per device is somehow USD 200–300, depending on order volume and a USD 3,000 investment would yield a minimum of 10 XPOS Devices. After enough funds raised, the token sale got capped and more funds raised. Then the XPOS got remodeled and went for sale. What happened with the initial idea of giving 10,000+ devices out for free?
Zac: As previously mentioned, pre-public token sale participants who purchased > 30 ETH are entitled to a free XPOS. If you haven’t claimed yours, please reach out to us. Also in the pipeline, we are working with some non-profit organizations to provide free XPOS for their usage.
On the XWallet
Q: Will you add a stable coin to XWallet?
Zac: Yes, we will. Someone has asked the same thing about XPOS. It will likely be added around the same time for XPOS, XWallet and XPASS.
Q: Can we add the bank transfers to XWallet? Basically to liquidate on the XWallet for sending money to my bank account?
Zac: This is my personal favorite feature to have and it’s on my wishlist. In order to support fiat, we need to have a Payment Service License / E-Money License / Stored-value license in a jurisdiction that supports a particular fiat. For example, if it’s EURO, we will need to apply for a license or lease it via a partner for this to work. We are definitely exploring the different possibilities but we are unable to elaborate more on when, or if it is happening, as this also requires more talks with the different local jurisdictions. Q: Turkish holders would like to ask when can we partner with master / visa and integrate with XWallet? Zac: As mentioned earlier, we have reached out to various parties that might be able to activate these services.
On Q3 to Q4 Plans
Q: What’s the plan for Q3 and Q4 for this year?
Zac: There are tons of things we are working on for Q3 and Q4.I will broadly separate it into: Developer ecosystem — The developer ecosystem allows traditional and tech companies to onboard themselves into the XPOS and XWallet ecosystem, such as listing of their custom tokens, advertising etc. These services will all require the usage of NPXS and NPXSXEM tokens. Partnerships — We are likely to partner with incumbent retail chain stores payment companies, incumbent POS companies that have deep distribution network to help expand the reach of XPOS, XWallet, XPASS, etc. Governmental level efforts — We started off with Dubai and since then, several other governments have shown interest. We see this as an opportune time to engage forward-thinking governments to build a blockchain ecosystem in their city and country. Our Team: we will continue to invest and grow our R&D team capabilities as they represent the heart of Pundi X. If any engineer or developer is keen to help us to scale, please get in touch with us. We are actually looking for engineers as I speak.
On NPXS and Token Removal
Q: What is the quarterly token removal from the NPXS usage of the XPOS and the burned amount for Q1 2019.
Zac: Good question. Some holders may be aware that token removal includes the result from the conversion. The amount of Q1 token removal will be announced in the 1st week of May and we will execute the removal in the 2ndweek of May.
Q: Pundi X has mentioned a monthly coin burn and a monthly buy back. Why hasn’t this happened yet?
Zac: It is not monthly. We are doing a quarterly token removal.
Q: People feel that the current token burn isn’t as transparent as many wish. What can be done to improve this process and make it more transparent? The biggest upset was after the ULTRA festival where Pundi X just wrote “we ain’t allowed to talk numbers.”Could there be a daily or weekly ticker? Is that possible?
Zac: That’s a good suggestion. While a daily ticker might be challenging, we certainly can try exploring incorporating a ticker update towards all token removal or scheduled for the next one.
Q: Zac, you have mentioned previously that someone was trading against NPXS. What did you guys do about this problem?
Zac: There are trading teams, market makers, financial institutions that profit from the drop and rise of token prices in the crypto market and it’s not something that is unique to NPXS. In fact, the traditional stock markets have similar challenges as well. We have taken the “the best defense is a good offense” strategy which is to continue to strengthen our tokens; such as create more use cases, drive more adoption and more distribution to ensure our tokens are well positioned and stronger than ever.
Q: Why do you not do any great marketing and generate publicity for NPXS, e.g., advertise on television stations in major and in different countries? I generally see marketing as very important to the company’s success. And I hope to see real partnerships, not just with small shops or restaurants.
Zac: We rarely engage in paid partnerships as it doesn’t necessarily produce the best ROI in terms of investment and in this market condition, we believe in being financially prudent. Being in a decentralized environment, we consider ourselves as a community-driven company.The impact of organic press coverage driven by our community is always stronger. We do want to be seen on all major news channels and we will do that via “thought leadership brand building.” As a testament to our growing reputation, recently, we were invited to speak at the Fintech Ideas Festival event and be on the same stage as the senior executives and CEOs of Wells Fargo, COO and CTO of Bank of America and other large institutions. We see this as the right step forward in growing our brand appeal to the masses.
On the QEX Fund
Q: Any update on the QEX fund?
Zac: The QEX fund is led by Vic Tham,CEO and Fen Chao Yong, COO, at Quantum Energy Asset Management, also known as QEAM. Other than being the CEO of QEAM, Vic is also Pundi X’s Chief Investment Officer. From what we know, they are in the midst of raising funds, book building, analyzing potential projects & companies and strengthening the portfolio for QEX. It’s an ongoing effort for this year and a very exciting one. We are extremely excited to see potential breakthrough projects that could benefit our ecosystem. And if anyone has questions or interests, please do reach out to Vic Tham and his team at QEAM.
On Function X
Q: What is the update on devs program for the Function X ecosystem?
Zac: Many keen developers are eagerly waiting for it, and I know Billy who has posted this question is one of them. We are working on it right now, we can’t commit on the dates yet but developer support is a big part of our ecosystem. We are working tirelessly, and sometimes “sleeplessly” to get this out.
Q: Did you use “investors”/ token holders funds to develop Function X? And instead of giving the 65% FX tokens to NPXS and NPXSXEM holders, you are getting them to choose between NPXS/NPXSXEM and FX token?
Zac: 65% of the FX tokens from Token Generation Event (TGE) is already allocated for NPXS / NPXSXEM token holders, via staking and/or conversion. There are two separate projects with teams working on it. For the XPOS ecosystem to flourish, it requires a more scalable platform/solution which is the Function X ecosystem. The Function X foundation will be announced in Q3 and hopefully it will be a pleasant surprise. We will have a solid team to grow the Function X ecosystem.
Q: Will Pundi X be less focused on NPXS once FX goes live?
Zac: No, we think it’s mutually beneficial. If I may use an analogy, it’s like Google Search and Android, one product will lift the other up. The other example would be salt and pepper. When used in combination, it will drastically improve the taste of any particular dish.
Q: What is the relationship between the future f(x) coin and the future NPXSFX token? Is the former used in the FX ecosystem (XPhones) and the latter used in the XPOS ecosystem? If so, would buying something using the XPhone going to burn FX coins, NPXSFX tokens, both or none?
Zac: Think of the role of f(x) coin like how ETH is. Everything or any service that’s taking place in the Function X ecosystem will require the f(x) coin. For NPXS which will be ported over to the Function X blockchain once the Function X mainnet is up and running, its utility will remain the same. Any payment-relevant services or activities on the Function X blockchain will require NPXS, which on the Function X mainnet will be tentatively called NPXSFX.
Q: For FX Tokens, the lock up of 1 year is too long for us to wait. Can we change the option to shorten the duration?
Zac: The mechanism in place has been designed for the long term, so unfortunately, we can’t change the option. Users have the choice whether to convert his NPXS and NPXSXEM, or not, into f(x) coin, if a user chooses to convert he will receive 12% immediately and 8% each month for the next 11 months.
Q: Will F(x) be available to those who couldn’t stake or convert? Will it be before the staking period end or after? When will F(x) be available to purchase on an exchange for those in countries who were not allowed to stake? Will it be during the staking period or after?
Zac: Soon we hope. As per our policy, we are unable to comment on listing dates, but with our established relationships with exchanges, we do hope it will be quick.
Q: We were all impressed by the Uber Dapp demos running on F(x), but these days Tron and EOS are getting a lot of press about Dapps too. What advantages will F(x) have over those platforms?
Zac: Each platform will have its own advantages, we welcome the competition and hope that more popular apps such as the decentralized Uber app can be conceived from Function X.
Q: Why is there no cap on f(x) tokens? When will you explain how the tokenomics will work?
Zac: I would encourage all to have a look at our concept paper on functionx.io and the Medium blog post as the details are explained thoroughly there.
Q: Have you already secured deals with other companies like Sony, Samsung, etc with the Function X OS to build other blockchain phones? Or do you plan to keep the Function X software to just the 5000 phone you already made?
Zac: The 5,000 XPhones serves as a proof-of-concept, for manufacturers and developers to have a test drive. We want to partner with hardware/smartphone companies and telcos to build their own version of the blockchain phones with Function X. And we are still working hard to engage with the companies to push for future blockchain phones and strengthen our Function X ecosystem.
Q: Will the XPhone work as a mobile point-of-sale (mPOS) device like the XPOS Handy?
Zac: The XPhone comes preinstalled with the XWallet and with that, it can double up as a lite version of the XPOS with QR code and NFC Support.
Q: When will XPOS Handy be ready?
Zac: XPOS Handy will be available in the coming weeks.
What Exactly is NEM and How to Keep XEM Safe? | Best NEM Wallets
NEM (short for New Economy Movement) is a dual layer blockchain platform quite similar to Ethereum's, with the main difference being that the former is written in Java. Launched on March 31, 2015, it has a peer to peer cryptocurrency, having the ticker symbol XEM which is 'harvested' using a Proof-of-Importance (PoI) algorithm. NEM's the first cryptocurrency after Bitcoin to have built its code from scratch. Its mainnet supports multiple ledgers on its cryptocurrency layer. The powerful Smart Assets layer supports mosaics to represent any store of value. NEM has uses in various fields like:
Financial management - financial payments, equity markets, creating a very own cryptocurrency and many more.
Business management - automatic accounting, KYC, loyalty reward points, shipping, inspection and supply chain management.
Secure records - encrypted messaging, anti-counterfeiting, authentication, etc.
Decentralised organisations - voting security and can be used for crowdfunding, stock ownership and ICOs.
Unlike BTC and many other altcoins, NEM/XEM cannot be mined, well not exactly. The process by which new XEM coins can be obtained is called 'harvesting'. The other way to have XEM coins is via exchanges and there are plenty of them like Binance, Bittrex, CoinSwitch, HitBTC, etc. When it comes to storing the XEM coins, the wallets that are trustworthy are:
Trezor - This hardware wallet supports 1000+ coins and tokens. Trezor is one of the most trusted wallet, is portable and can definitely keep your cryptos safe.
Atomic Wallet - This wallet is quite easy to use, being user-friendly and even beginners can use this easily. Atomic is an online wallet that is operable on both mobile and desktop as well.
Guarda- When it comes to online wallets, Guarda is one of the most reliable multi-currency crypto wallet. This wallet provides privacy too, as it does not store private keys, or wallet information, or even user's personal data.
The official wallets of NEM are NEM NanoWallet, NEM Mobile wallet, etc.
There might be many online wallets and many of them might be safe, but the safest option is always a hardware wallet, no matter what. It's important to remember this because if your coins aren't safe, then there's no point in investing and/or trading, as once your coins are gone, there's no way to retrieve them back. Ever!
https://preview.redd.it/a07j8xpr9df31.png?width=500&format=png&auto=webp&s=9ac336f0de699589cf8ed115b0edf01e186b635a News by Altcoin Buzz: Robert Patrinjei Swissquote, Switzerland’s biggest stockbroker and one of the country’s largest online banking groups, trading platform now supports the trading of various cryptocurrencies. More About Swissquote Swissquote Group Holding SA is a Swiss banking group that gives customers the opportunity to trade different assets. The group’s shares have been listed on SIX Swiss Exchange under the SQN ticker. Users can now transfer crypto from external wallets to their accounts, and vice versa;they can also withdraw, deposit and trade cryptocurrency on the platform. The company has also cooperated with Crypto Storage AG to begin its new system. It’s good to note that Bitcoin deposits (online banking) were accepted by Swissquote since early 2017. Later that year, the bank had added three other major cryptocurrencies on their online banking platform, Ripple, Ethereum, and Litecoin. It is good to hear that the bank group has recorded a 44 percent profit increase since they started working with cryptocurrencies. Switzerland is now the second country after Syceheeles that has a company listed in the national stock exchange which allows trading in cryptocurrencies. Customers can deposit more or equal to 500 CHF on the platform without paying fees, however, for less than that there is a small fee. To be noted that there is a $10 withdrawal fee and a 1% trading fee. The withdrawal fee is only charged for Bitcoind and Ethereum transaction; for other cryptocurrencies is yet to be announced. The trading fee will be charged only for the transactions between 5-10000 CHF. Swissquote planned on starting crypto trading in March 2019, however, the launch was delayed until now.
BORSER - A Finacial Platform For Multi-Sectors On Blockchain
https://preview.redd.it/o80o6yjam8v21.png?width=464&format=png&auto=webp&s=336e7794ac6895e5a48a25adf8f7ee3d404f585f WHAT IS BORSER? Borser is a cryptocurrency backed by shares of Borser S.A. Borser is the product of combined network marketing, capital markets, crowdfunding, and cryptocurrencies together, these offer the savvy business owner or investor the opportunity to tap into a market worth well over $1 trillion. The Borser platform intends to exploit the crypto blast as well as offer an exhaustive, direct answer for an entire exhibit of existing issues, identified with new companies, budgetary markets and the crypto space itself. Borser is a holding organization, at present holding offers to three separate associations, all giving answers for major monetary issues. However, Borser platform came to the limelight to rectify and ameliorate the above problems. Borser is a project that has been developed to help in taking care of the problems that do not allow the cryptoworld to reach its goal. Borser, unlike other blockchain project is not just about creating cryptocurrencies , but also set to combine network marketing , capital markets , ICO crowdfunding as well as creation and usage of cryptocurrencies. Borser is a project that has been developed to help in taking care of the problems that do not allow the cryptoworld to reach its goal. Borser, unlike other blockchain project is not just about creating cryptocurrencies , but also set to combine network marketing , capital markets , ICO crowdfunding as well as creation and usage of cryptocurrencies. Börser S.A company holds shares of three organizations –1. Mi Wall Street, which represents considerable authority in giving high caliber monetary administrations recently saved for significant partnerships, to the little financial specialist. This has a feasible contribution in giving high check money related gatherings starting late put something separated for quintessential undertakings, to the little budgetary ace. 2. CrowdingFunds, a blockchain-based crowdfunding stage for speculators everywhere throughout the world. 3. X-Change, which empowers customers to consistently move Börser's cryptographic money into fiat cash for an extremely low charge. Now Börser will combine the power of these three platforms to solve the financial problems. let's discuss the problems and their solution using Börser platform. Problem-1: Concocting a splendid business thought is just the initial step of the long street to progress: to make your vision a reality, you need starting capital. As a rule, new businesses come up short since they basically can't meet the correct speculator on time and raise up the start-up capital. Also, most crowdfunding stages just reserve ventures situated inside the purview of the stage which makes extra money related obstacles for business people. Solution: Börser will use crowdfunding platform grasping tasks from everywhere throughout the world by utilizing Initial Coin Offering (ICOs) subsidizing method. With Crowdfunding, we tended to the issue of crowdfunding stages just adjusting organizations inside their ward by depending on blockchain innovation. Business people would now be ableto make their very own token utilizing our restrictive crypto and dispatch ICOs. Problem-2: Every investor from small to wealthy needs access to the scope of monetary administrations. The issue is that the vast majority of these, including oversaw records, Forex and Stock money market funds, and exact exchanging signals, have been saved for an affluent investor as it were. ***Solution:***Mi Wall Street goes about as a speculation center point, offering small investors a variety of budgetary administrations recently held just for real partnerships and financial specialists. To limit costs and guarantee the majority of our financial specialist customers approach bespoke quality exchanging signals, forex, and stock business just as oversaw accounts, we moved Mi Wall Street toward a Network Marketing establishment style partnership. Problem-3: Seeking after better work prospects is just human instinct yet as an ever increasing number of individuals move to another country for work, a worldwide issue has risen: settlement. Digital forms of money and blockchain exchange innovation make new chances to change and modernize the manner in which settlements are exchanged crosswise over fringes however this is frequently unreasonably costly for the vast majority. Solution: Börser tended to the settlement issue by propelling X-Change which will encourage smooth, precise and cost-productive trade between fiat money and Börser's digital currency. With X-Change, you can make a virtual wallet and connection it to a platinum card to exchange cash effortlessly and for nothing. In addition, Börser likewise offers programmed combination to X-Change which implies that by making ICOs on our stage, you'll additionally have your tokens naturally consolidated into X-Change! Problem 4: The world saw a huge blast in cryptographic forms of money in a previous couple of years however the crypto advertise remains exceedingly precarious and unstable. This has to do with the very idea driving digital forms of money which even worldwide 'pioneers' like bitcoin are influenced by cryptographic forms of money basically don't reflect genuine resources. In addition, most cryptographic forms of money succumb to a similar shortcoming: exchange speed. Most frameworks can just deal with a couple of exchanges for every second, and security is regularly as yet deficient. Solution: Rather than giving halfway answers for individual issues, Börser received an alternate, enormous picture approach. By making a holding organization and digital money, Börser intends to exploit the crypto blast as well as offer an exhaustive, direct answer for an entire exhibit of existing issues, identified with new companies, budgetary markets and the crypto space itself. Börser is a holding organization, at present holding offers to three separate associations, all giving answers for major monetary issues. https://preview.redd.it/fghgu3jbm8v21.jpg?width=284&format=pjpg&auto=webp&s=c95c1e549acc88a988ba59c84b11ea2f8e861636 Token info Ticker:BOR Platform:Ethereum Token Type:ERC20 Available for sale:60,000,000 BOR (60%) FinancialPre-sale value :1 BOR = 0.8 USD ICO Price:1 BOR = one USD Soft cap:3,000,000 USD Hard cap:30,000,000 USD https://borser.cbounties.php https://beta.bounty0x.io/hosts/Borser https://borser.cdocs/whitepaper.pdf Bounty0x ID: ecamli
10 Statistical Price Predictions for 10 Cryptocurrencies — January 2018
TL;DR: I simulated a 1-year movement of 10 top cryptocurrencies using an advanced statistical method called geometric Brownian motion, which you can find below. I also created a spreadsheet to simulate prices of ~24 different cryptocurrencies, which you can download here: https://docs.google.com/spreadsheets/d/1eUIgBowJs2NyKw7kYbx5z_VeCOxsMQdNELfbngs4XnY/copy. The sheet utilizes a paid add-in, which I provide free of cost to those who are less fortunate.
THE MYSTERY OF PRICE MOVEMENT
So, you’re sitting at your computer with money to invest. You have made some good money already in the market, but you want more. Cryptocurrencies have reached a record $600 billion in market value after the recovery, with the inevitable $700 billion mark right around the corner. The price movement of top currencies remains a mystery. But it doesn’t have to be.
THE PAIN OF UNCERTAINTY
Cryptocurrencies are volatile, irrational beasts. Simple methods of forecasting grossly oveunderestimate the potential of a volatile currency. For example, moving averages are used frequently to estimate future prices. Moving averages, however, suffer from many pitfalls that make them poor estimators of volatile markets. Every great and successful investor has a plan. You will add one more tool to your arsenal today.
A BETTER METHOD FOR ESTIMATING CRYPTO PRICES
In my prior article about estimating the movement of Bitcoin Prices, I spoke of a method that is used frequently in the stock world to estimate prices. This method is a Monte Carlo simulation using the geometric Brownian motion model. I won’t cover off on the full methodology here, but essentially I am going to:
Get historical daily prices for 10 top cryptocurrencies
Calculate daily returns
Simulate a year
Simulate a year many times
By the end of the article, you will have the following:
A one-year simulation of top cryptocurrencies
Likely price range of each cryptocurrency
A downloadable model to complete yourself
A note on forecasting, simulations, and recommendations: Monte Carlo simulations are to be used as guidelines and tools, not as gospel. I am not offering financial or investing advice.
We can be 95% certain that Bitcoin Cash prices will fall between $197, and $180,288 with a median of $4,839.
What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum has been busy recently. Multiple steps have been pushed in motion for the upcoming large change — reaching a new consensus method. From Jordan Daniel at ethnews.com:
Ethereum’s Byzantium hard fork was only one half of a two-part process designed to transition the decentralized application platform to a new method for reaching consensus — proof-of-stake. The next hard fork, called Constantinople, was recently discussed during an Ethereum core developer meeting and could include Vitalik Buterin’s Casper update.
We can be 95% certain that Ethereum prices will fall between $193, and $8,027 with a median of $1,267.
What is EOS?
EOS is a blockchain-based, decentralized operating system, designed to support commercial-scale decentralized applications by providing all of the necessary core functionality, enabling businesses to build blockchain applications in a way similar to web-based applications.
We can be 95% certain that EOS prices will fall between $0.98, and $1,386 with a median of $33.
What is Litecoin?
Litecoin’s claim to fame is faster transaction processing times. It uses a scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have. The ability to target regular computers and GPU’s happens to be a huge differentiator from the crowded mining population of Bitcoin.
We can be 95% certain that OmiseGO prices will fall between $0.62, and $185.35 with a median of $8.56.
What is NEO?
NEO (formerly known as AntShares) is a smart asset platform and the first open source public blockchain project in China. Smart assets are the combination of smart blockchain contracts and digital assets.
We can be 95% certain that NEO prices will fall between $3, and $3,076 with a median of $115.
What is Ripple?
Ripple is a system created for banks to enable immediate payments and lower costs. The vision of the Ripple creators is to allow a bank transfer in a few seconds (instead of the horribly annoying 2–3 business days). Of note, is that Ripple is a U.S. based company. From the xrphodor blog:
Ripple is a US-based company. Why is this an important point to consider? A US-based company like Ripple is subject to some very stringent laws regarding securities trading and money transmission. These include requirements that define how Ripple might interact with crypto markets and both institutional and retail crypto traders.
We can be 95% certain that Ripple prices will fall between $0.05, and $163 with a median of $2.71.
What is Monero?
Monero attempts to solve privacy and fungibility issues that persist in Bitcoin. Part of the algorithm for Monero automatically mixes transactions with previous transactions and does this by implementing ring signatures.
Full disclosure: The google sheets add-in is a 14-day free trial, and $15 per month after. However, no one should be refused access on the basis of money (especially true for students and less fortunate). Send me a message, and I will make sure you are not left in the dark.
A NOTE ON SECURITY
Users have expressed hesitation about running a google sheets add-in on their main computer, so I will attempt to ease those concerns:
I am located in the U.S., and my business is registered in the state of Maryland
If this were malicious, people would have downvoted the add-in into oblivion, and it would have been removed from the store
If you are still worried, you can open it within a virtual machine and test it first
Follow the installation instructions included with the add-in and log-in
Get sheet ready for use with the add-in
Important Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document.
Login to the Spreadstreet add-in for the first time (Add-ons -> Spreadstreet -> Open) and keep the window open
After logging into the add-in, change the dropdown reference
In the analysis tab, change the “SELECT CURRENCY” dropdown (B3) to one of the other choices…this refreshes the pull
Note: CoinMarketCap API has limits. Be careful when attempting to refresh the sheet too many times
Important Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click “Use in this document.”
A reload of the entire worksheet fixes quite a few problems.
Deleting and re-pasting the formula in A1 of the “Candles” tab fixes things as well.
If all else fails, drop me a message
The “SELECT CURRENCY” cell in the Analysis tab (B3) refreshes the pull. Change the results for new data.
When I try and change a coin, I get a #DIV/0 error Login to the Spreadstreet add-in, and keep the window open. Try changing the dropdown again. I have tried logging in, activating the template with “Use in this document” and refreshed the sheet…still nothing. Head to the “Data” tab. Delete the formula in cell A1, and repaste the following: =SS(“candles-bitfinex”, ticker, “1D”, “hist”, true, “”, “”, “”, “0”)
Whether you are investing in Bitcoin, Ethereum, or SpankCoin, it is imperative to have a plan. Most notably, a worst-case scenario. The Monte Carlo simulation is a fantastic way to get a range of prices for a cryptocurrency. And after reading this, you can see how the final values change drastically depending on what you are looking at. I urge you to download the sheet and try your own hand at simulating different coins. The sheet is setup to pull in every single coin from CoinMarketCap. Cheers, and happy hunting Original article can be found here: https://medium.com/@spreadstreet/10-statistical-price-predictions-for-10-cryptocurrencies-january-2018-3dcf04bf9d9a
Alternative, DAO ANDROID APP STORE, DApps, on ETH blockchain, STO + DEX Exchange
https://preview.redd.it/ql4cxspalv831.png?width=800&format=png&auto=webp&s=6887e75c9e10ceb8b1c2596c0256410d9f8bb5d1 DAO PlayMarket 2.0 - is the alternative, decentralized marketplace of Android applications and games, DApps applications, on the Ethereum blockchain (ETH), with the STO platform, for monetization of applications and a decentralized exchange. HONESTY. TRANSPARENCY. ACCESSIBILITY. Individual freedom cannot exist without economic security and independence. So we created the smooth, stable lock store Android apps and the DApp store using the Ethereum blockchain and smart contracts for fast-growing, huge market of mobile applications for Android. Behind more than 2 and a half years of active development and improvements that continue to bring even more new features. You, as a developer, nothing to lose, can only benefit from publishing their developments on the platform and attract new users. Now we are preparing to implement our international marketing plan, familiarity with the platform a large number of users, developers, and investors in dividend tokens of projects with the STO (Security Token Offering) platform and in the PMT token. Placing your application on DAO Playmarket 2.0 will be useful, especially if you have users from those countries and regions where the use of the built-in Google Play Market or some of your application is prohibited there, because of failures or non-compliance with politic. Like many crypto applications, or competing directories. DAO PlayMarket 2.0 is theonly decentralized Android app storethat accepts payment in ETH cryptocurrency and amarketplace platform for Dapp applications on the Ethereum blockchain, in combination with the developerplatform STOandDEX Crypto Exchange. The main goals and objectives of DAO PlayMarket 2.0 are the creation of a stable economic model for developers, investors and users, as well as the introduction of a single standard for the tokenization of the mobile application market. Automatic operation of the entire platform on more than 52 internal smart contracts and open source. Advantages of DAO PlayMarket 2.0 over other platforms: BENEFITS FOR THE USER On the platform of DAO Playmarket 2.0, via the web site and Android application, the user can:
Receive additional benefits, for example, in the form of application tokens for purchasing it, or for performing actions within the application. Payments to users in Ethereum, for installing applications from developers, participants of STO. Soon the first payment for the installation, after the STO game CryptoDuel.
Get secure and uninterrupted access to a decentralized, censorship-resistant platform, both at the country level and at the level of specific mobile app stores.
A decentralized cryptocurrency exchange is integrated into the DAO PlayMarket 2.0 platform, which includes an open API.
Public and open source all the internal smart contracts, and documentation of the whole platform on GitHub.
Pay for purchases for cryptocurrency. All paid applications and in-app purchases are paid through the ETH cryptocurrency.
Holding 2000 PMT tokens, the user can vote for the further development of the entire project.
Holders PMT received dividends from STO and listings in the form of other tokens from any number of tokens PMT, a one-time.
Thus, the user gets a chance to be not just consumers, but also to participate actively in the work of the platform, contribute to, and benefit from financial benefits, to participate in the vote on the development platform. BENEFITS FOR ANDROID APPLICATION DEVELOPERS
The ability to produce a token of your Android application and distribute them among the current shareholders and to implement them on integrated platform STO (Security Token Offering - the location of the investment (security) tokens. Release tokens into the possession of investors, with the aim to dividends or voting rights. STO requires a license, approved by the SEC and other regulatory bodies).
DAO PlayMarket 2.0 will provide developers with simple and effective tools to promote your application, including a handy feedback between developers and users.
DApp mobile browser, with a directory of affiliate applications to attract users into Your infrastructure. Soon to be a full-fledged office developer DApp. Now can be added only with our help.
The platform is resistant to censorship— basic information is stored on the blockchain, which allows access to applications from anywhere in the World.
Commission platform is 1% (for others stores about 30%). This commission is taken as a node of the platform, as a reward for financial operations, support of the node and storing all files.
Payment to the developer of income from sales of his application and content within it for a strictly fixed period according to the concluded smart contract, as well as payments to all holders of a developer's token, a specific application.
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