BITCOIN MACRO CHARTS PRIMED FOR BTC BULL MARKET – Troy Oz Bits

For Trading April 7th

For Trading April 7th
STOCKS RUN-UP Oil Falls
False Hopes
Today was an amazing day! I don’t believe that the bottom has been made, and I don’t think that today was a day to be a buyer, but as my Closing Comments says, “I could not have been more wrong.” We cut through every area of supply that I pointed out in last night’s Weekly Strategies. Here is the closing comment for tonight: https://youtu.be/JHjU3KOAQR8 . My problem with today’s action is that while everyone wants to believe that this was the bottom, historically, it is without precedent. There are many problems that we will face that are not currently known. The earnings of the companies that have no idea how long consumers are not buying clothes at Macy’s or TJ Maxx, or restaurants, where it’s not like you can make up the business with people eating 2 meals at a time. The closure of the Airbus plant in Alabama, or American Airlines cutting their N.Y. flights from 271 /day down to 13 is just not something that can be quantified when it comes to the net effect to both the balance sheet and profits. But the DJIA was +1627.46 (7.73%), NASDAQ +540.16 (7.33%), S&P 500 +175.03 (7.03%), the Russell +86.72 (8.24%) and the DJ Transports +532.38 (7.29%). Market internals left a lot to be desired with the A/D solid at NYSE 9.5:1 and NASDAQ 5.5:1, but volume was anemic with NYSE 1.4 billion and the NASDAQ 3.8 billion. All 30 DJIA stocks were higher with BA leading the way +113.31 DP’s but no other triple digit winners. On the +11.37% gainer on 3/24 there were 10 triple-digit winners. The strongest groups were Information technology, financials and consumer discretionary, with only Consumer Staples weak.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1400 members.
SECTORS: We started with positive numbers from Europe on COVID-19 deaths and the first group pre-market were the some of the smaller biotech firms with Inovio Pharma (INO) started with a gap up and after trading over $8.80, never quite made it back in regular hours and closed $8.44 +.70 (9.04%), Immunomedics (IMMU) ended a trial for their breast cancer treatment because it’s efficacy was confirmed. The stock, which traded as high as $27.33 in 2018 had fallen to $8.80 last week opened the day at $20.09 but sold off a bit to close $18.78 +9.38 (99.79%). Also in the same group, CODX finished $10.31 +2.11 (25.73%) and VIR $36.70 +7.70 (26.55%). In another group, Wayfair beat both revenues and earnings and the home goods company, which traded down from $173 last year to a low of 21.70 on 3/19 gapped up to open $70.28 and closed $71.50 +20.87 (41.22%).
BIOPHARMA: was HIGHER with BIIB +9.58, ABBV +2.31, REGN +10.95, ISRG +37.33 (8.07%), MYL +.30, TEVA +.94 (11.19%), VRTX +17.69 (7.42%), BHC +1.27, INCY +6.80, ICPT +3.90, LABU +4.44 (22.11%) and IBB $110.50 +4.25 (4%).
CANNABIS: This group was HIGHER with TLRY +,45, CGC +1.10, CRON +.20, GWPH +4.78, PYX +.18, NBEV +.05, CURLF +.13, KERN +.80 (14.75%) and MJ $10.96 +.52 (4.98%).
DEFENSE: was HIGHER with LMT +16.50 (4.71%), RTX (the combination of RTN and UTX) was +7.32 (14.66%), gd +8.07, txt +2.49, noc +18.98, bwxt +.42, tdy +19.66 (6.81%) and ITA $148.00 +12.10 (8.9%).
RETAIL: was HIGHER with M + .94 (19.54%), JWN +3.38 (25.9%), KSS +3.04 (26.41%), DDS +8.93 (37.41%), JCP +.05 (18.34%), WMT +5.92, TGT +4.93, TJX +5.15 (12.57%), RL +7.60 (12.46%), UAA +.77, LULU +12.75, TPR +2.09, CPRI +2.17 (25.44%) and XRT $30.21 +3.02 (11.11%).
FAANG and Big Cap: were HIGHER with GOOGL +89.36, AMZN +83.41, AAPL +21.29 (8.82%), FB +10.82, NFLX +17.22, NVDA +25.47 (10.44%), TSLA +32.99, BABA +9.39, BIDU +5.66, BA +23.38 (18.78%), CAT +5.33, DIS +5.92 and XLK $83.70 +6.58 (8.53%).
FINANCIALS were HIGHER with GS +10.07, JPM +5.45, BAC +1.41, MS +3.40, C +3.51, PNC +9.12, AIG +1.11, TRV +5.09, AXP +10.70 (14.54%) and XLF $21.05 +1.41 (7.18%).
OIL, $26.08 -2.26. The explosive moves in Oil recently have been news driven and the cancellation of the OPEC meeting and the threat of tariffs from Mr. Trump have cut off the rally from the $20.00 level. Today’s decline had little to do with the Oil stocks as all were higher. CVX +5.40, XOM +1.40, OXY +.50, NBL +.49, MRO +.02, MPC +3.03 (15.10%), RIG +.05, APA +.62, BP +.28 and XLE $31.41 +1.58 (5.3%).
METALS, GOLD: $1,693.90 + 48.20. After the recent gains, Gold has failed to break through the highs around $1700 until today when it traded $1,715 before selling off a bit. Tonight, it has traded as high as $1742.00 and looks to be higher in the near future.
BITCOIN: closed $7,330 +530. After we traded in a short-range day followed by a $1,000 range on Friday BTC closed above $7,000 for the first time since it broke to the downside early last month. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.95 + .47 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

Trading View (Request)

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
submitted by shinigamidoge to moddedandroidapps [link] [comments]

MKR Holder DAI-gest: Week 17, 2020: Action Required: The State of the Peg

Action Required: The State of the Peg

MKR Holder DAI-gest: Week 17, 2020

Governance Recap April 23, 2020

![Imgur](https://i.imgur.com/Jg3loyp.gifv)
MKR Holder DAI-gest is a weekly Maker governance recap that is written by the community for the community. The best source of Maker Community information is through active participation and engagement. This supplemental publication strives to present all relevant facts and remain free of editorial opinion (Big 3 takeaway excepted). The statements made herein are not the opinions or statements of the Maker Foundation.
DAI-gest is Now Available on Amazon Alexa as a Skill. You can enable it at https://skills-store.amazon.com/deeplink/dp/B087NH82D1?deviceType=app&share&refSuffix=ss_copy for all of your Alexa compatible devices. Then say, "Alexa, Open Maker Governance Digest" and you'll hear the latest issue. Coming soon to Itunes.
Subscribe to MKR Holder's DAI-gest on Substack - Free
Corrections / Comments / Suggestions / Other: @adrianhacker-pdx in the Official Maker Forums or [email protected]

Big 3 Take-Aways for the Week:

Dispositioned Governance Agenda

New

Moving

Stalled

Completed

DAI Digits

Governance Polls and Executive Votes

Passed on April 20, 2020: Executive Vote Adjust the USDC, Sai and Dai Stability Fees

Passed on April 25, 2020: Executive Vote Lower USDC SF, Lower USDC LR, Whitelist Oracles, Raise Dai DC, Raise GSM Delay, Deactivate MKR Oracle in SCD

All recent polls are closed and represented in the most recent Executive Vote. Further information can be found here.

Governance Hot Topics

State of the Peg

Since the Black Thursday event of March 12, 2020, DAI has consistently been trading above the one Dollar price soft-peg it is supposed to maintain. Sometimes grossly over peg by over ten cents. In recent weeks it has been slowly trending back to a Dollar but has not quite gotten there.
Confidence has not yet fully returned regarding the recent market volatility. Also, people are holding on to stable coins due to market fears. This has caused a serious lack of DAI liquidity, creating high demand, and affecting the peg.
Prices this last week ranged from one to two cents above peg. Paraficapital, a larger corporate Maker holder in the governance community posted their concerns in the forum and related the sentiment of worry in the ecosystem regarding DAI being off the peg. This brought about immediate discussion and action regarding monetary policy and collateral on-boarding. The most recent passed Executive Vote contains monetary policy to make minting DAI more lucrative from USDC. Also, some exciting new collateral types are being considered for use in the MakerDAO platform. More on that next...

WBTC as a new collateral type?

WBTC also is known as wrapped Bitcoin is currently being evaluated by the Maker governance community to be on-boarded as approved vault collateral. Wrapped Bitcoin is Bitcoin that is held by the WBTC DAO and then tokenized 1:1 on the Ethereum (ERC-20) blockchain. Bitcoin on the Ethereum blockchain you ask!? It's already here, you can trade it on the https://Oasis.app .
Many players in the DeFi ecosystem are excited about this step. Bitcoin is the most popular and most valuable cryptocurrency. While there is a small amount of WBTC use on current DeFi platforms, it was stated that people have been waiting for Maker to adopt WBTC as a collateral type. It was also said that using WBTC as ERC-20 collateral is the primary use case for ERC-20 Bitcoin. Forum links are listed below for this subject.

Other Collateral Considerations

In addition to WBTC, LINK is being considered for on-boarding as approved vault collateral as well as additional stable coins such as PAX and TUSD. All of these collateral options are hoped to help bring back sufficient DAI liquidity and help return the DAI price peg to exactly one Dollar. Again, see below for the forum links regarding these new collateral types.

MIPS 0 - 12 Due for Initial Polling; if Passed Moving on to Executive Vote

MIPS 0 through 12 has been a high focus subject in the governance community for the last few weeks. These are the first documents that spell out a governance and collateral on-boarding framework for a self-sufficient DAO. This is the beginning of the two to three-year process of handing full control of MakerDAO to the governance community and dissolving the foundation. The very nice flow chart below shows the two possible scenarios for approval or rejection of these MIPS in the Timing Governance Poll. Forum links can be found below for further information.
![MIP Implementation Timeline](https://i.imgur.com/sny6rOf.png)

SCD Shutdown

Single Collateral DAI shutdown is very close. An Executive Vote for shutting down SCD is supposed to be posted on or shortly after April 24, 2020. There will then be a 3-week delay for shutting down. This will give time for people to close out their vaults, and hopefully drain the migration contract.
Stability fees are going to be set to zero to incentivize the closing of vaults. If you are still holding SAI as of the time it shuts down, you should be able to redeem your SAI for ETH via the migration portal at https://migrate.makerdao.com

Forum Activity and Signaling

MakerDAO Community and Governance/Risk Forums
Trending Issues in the Forum:

Weekly Governance and Risk Meeting

Here is a guide from MakerDAO about becoming involved in Governance. The meeting is held every Thursday, 17:00 UTC. During the postmortem and corrective action phase of the recent crypto market prices and resulting fiasco there has been a daily call. This is expected to drop to two calls over the next week. Please check the forums for information related to ad-hoc governance and risk calls that may be happening.
Governance and Risk Meeting Community Guide * Understand the issues that are discussed and governance themes that get explored to build a healthy, secure, Maker Platform. * Get info on how to connect by phone or webcam. * Explore meeting archives.

Events

submitted by adrianhacker to MakerDAO [link] [comments]

For Trading April 7th

For Trading April 7th
STOCKS RUN-UP Oil Falls
False Hopes
Today was an amazing day! I don’t believe that the bottom has been made, and I don’t think that today was a day to be a buyer, but as my Closing Comments says, “I could not have been more wrong.” We cut through every area of supply that I pointed out in last night’s Weekly Strategies. Here is the closing comment for tonight: https://youtu.be/JHjU3KOAQR8 . My problem with today’s action is that while everyone wants to believe that this was the bottom, historically, it is without precedent. There are many problems that we will face that are not currently known. The earnings of the companies that have no idea how long consumers are not buying clothes at Macy’s or TJ Maxx, or restaurants, where it’s not like you can make up the business with people eating 2 meals at a time. The closure of the Airbus plant in Alabama, or American Airlines cutting their N.Y. flights from 271 /day down to 13 is just not something that can be quantified when it comes to the net effect to both the balance sheet and profits. But the DJIA was +1627.46 (7.73%), NASDAQ +540.16 (7.33%), S&P 500 +175.03 (7.03%), the Russell +86.72 (8.24%) and the DJ Transports +532.38 (7.29%). Market internals left a lot to be desired with the A/D solid at NYSE 9.5:1 and NASDAQ 5.5:1, but volume was anemic with NYSE 1.4 billion and the NASDAQ 3.8 billion. All 30 DJIA stocks were higher with BA leading the way +113.31 DP’s but no other triple digit winners. On the +11.37% gainer on 3/24 there were 10 triple-digit winners. The strongest groups were Information technology, financials and consumer discretionary, with only Consumer Staples weak.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1400 members.
SECTORS: We started with positive numbers from Europe on COVID-19 deaths and the first group pre-market were the some of the smaller biotech firms with Inovio Pharma (INO) started with a gap up and after trading over $8.80, never quite made it back in regular hours and closed $8.44 +.70 (9.04%), Immunomedics (IMMU) ended a trial for their breast cancer treatment because it’s efficacy was confirmed. The stock, which traded as high as $27.33 in 2018 had fallen to $8.80 last week opened the day at $20.09 but sold off a bit to close $18.78 +9.38 (99.79%). Also in the same group, CODX finished $10.31 +2.11 (25.73%) and VIR $36.70 +7.70 (26.55%). In another group, Wayfair beat both revenues and earnings and the home goods company, which traded down from $173 last year to a low of 21.70 on 3/19 gapped up to open $70.28 and closed $71.50 +20.87 (41.22%).
BIOPHARMA: was HIGHER with BIIB +9.58, ABBV +2.31, REGN +10.95, ISRG +37.33 (8.07%), MYL +.30, TEVA +.94 (11.19%), VRTX +17.69 (7.42%), BHC +1.27, INCY +6.80, ICPT +3.90, LABU +4.44 (22.11%) and IBB $110.50 +4.25 (4%).
CANNABIS: This group was HIGHER with TLRY +,45, CGC +1.10, CRON +.20, GWPH +4.78, PYX +.18, NBEV +.05, CURLF +.13, KERN +.80 (14.75%) and MJ $10.96 +.52 (4.98%).
DEFENSE: was HIGHER with LMT +16.50 (4.71%), RTX (the combination of RTN and UTX) was +7.32 (14.66%), gd +8.07, txt +2.49, noc +18.98, bwxt +.42, tdy +19.66 (6.81%) and ITA $148.00 +12.10 (8.9%).
RETAIL: was HIGHER with M + .94 (19.54%), JWN +3.38 (25.9%), KSS +3.04 (26.41%), DDS +8.93 (37.41%), JCP +.05 (18.34%), WMT +5.92, TGT +4.93, TJX +5.15 (12.57%), RL +7.60 (12.46%), UAA +.77, LULU +12.75, TPR +2.09, CPRI +2.17 (25.44%) and XRT $30.21 +3.02 (11.11%).
FAANG and Big Cap: were HIGHER with GOOGL +89.36, AMZN +83.41, AAPL +21.29 (8.82%), FB +10.82, NFLX +17.22, NVDA +25.47 (10.44%), TSLA +32.99, BABA +9.39, BIDU +5.66, BA +23.38 (18.78%), CAT +5.33, DIS +5.92 and XLK $83.70 +6.58 (8.53%).
FINANCIALS were HIGHER with GS +10.07, JPM +5.45, BAC +1.41, MS +3.40, C +3.51, PNC +9.12, AIG +1.11, TRV +5.09, AXP +10.70 (14.54%) and XLF $21.05 +1.41 (7.18%).
OIL, $26.08 -2.26. The explosive moves in Oil recently have been news driven and the cancellation of the OPEC meeting and the threat of tariffs from Mr. Trump have cut off the rally from the $20.00 level. Today’s decline had little to do with the Oil stocks as all were higher. CVX +5.40, XOM +1.40, OXY +.50, NBL +.49, MRO +.02, MPC +3.03 (15.10%), RIG +.05, APA +.62, BP +.28 and XLE $31.41 +1.58 (5.3%).
METALS, GOLD: $1,693.90 + 48.20. After the recent gains, Gold has failed to break through the highs around $1700 until today when it traded $1,715 before selling off a bit. Tonight, it has traded as high as $1742.00 and looks to be higher in the near future.
BITCOIN: closed $7,330 +530. After we traded in a short-range day followed by a $1,000 range on Friday BTC closed above $7,000 for the first time since it broke to the downside early last month. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.95 + .47 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Will the Halving Market Still Come, with the Sagging Economy and Plummeted Bitcoin?

Will the Halving Market Still Come, with the Sagging Economy and Plummeted Bitcoin?


Since March, the global financial market weakened, and the halving market of bitcoin has stopped sharply. There has been a plunge in prices, which were severely cut within 24 hours. The next scheduled halving is around the corner some 48 days later, will the halving market come on schedule? What should investors choose, to get out of the market or stick to it in the whipsaw market.


Bitcoin Drops More Than 50% in 24 Hours
In May this year, Bitcoin will be confronted with a third halving. In a certain long period of time, the entire cryptocurrency realm has been talking about the “halving market”. However, in 24 hours from the evening of March 12, Bitcoin dropped to $3,800 in the lowest, a plummet of nearly 52%. The market became extremely tragic, some even joked that the halving market is the slash of the price in half.

1-Hour Chart of BTC (From 58COIN)
This plunge is also a test for the entire industry, especially the trading system and risk management of digital currency exchanges. During this round of slump, exchanges including Huobi Global and OKEx, because of their outdated trading systems, have experienced downtime accidents, making the situation for investors even worse. However, 58COIN ensures user’s trading experience with a perfect trading system, and some users of it even made a profit of 1.26 million Yuan with a cost of 700 Yuan in one hour.
This bloody plunge in bitcoin not only triggered a huge shock in the entire industry, but even made some believers in bitcoin begin to wonder whether the halving of the bitcoin market is over?
The Halving Market is not Over
A series of complex factors, including the sudden outbreak of COVID-19, international frictions, and oil price wars, etc., have resulted to this plunge, causing chaos in the digital currency realm even the entire financial market, which is indeed an abnormal economic state.
In recent days, with the continuous release of favorable policies by the global central banks to boost the economy, especially with the help of the Federal Reserve’s unlimited lax policy to rescue the market, global stock markets have stopped falling and rebounded, so does bitcoin, currently maintaining around $6,700.
Besides, seeing from the previous two halving, it’s easy to find that the two big bitcoin rising markets did not appear before the halving, but just a small peak. The real market usually starts half a year or a year later after the halving, reaching to the summit after more than one year. Therefore, it is too early to assert that bitcoin’s halving is over.
Halving + Growing Supporter Size Help Bitcoin Soar
In the short term, although China’s epidemic is under control, the global epidemic is already in an enlarged stage, especially in Europe and America. Under the crisis, investors may sell non-cash assets and retain cash assets in the broad sense. Therefore, in this case, the halving market may lag behind.
But in the long run, Bitcoin’s scarcity and immutability determine its value basis. The halving of Bitcoin will keep its inflation rate at the same level as gold, at about 1.7%. In terms of scarcity, Bitcoin is basically comparable to gold.
Besides, compliant exchanges such as BAKKT and CME are becoming mature, making it easier and smoother for institutions and qualified investors to enter the digital currency industry, and the volume and proportion of derivatives transactions have increased, making institutional investors’ risk hedging tools increasingly abundant. It is expected that during this halving cycle, Bitcoin will become part of the asset allocation of more institutions and qualified investors.
In summary, it can be judged that this plunge belongs to the callback period of bitcoin halving. Each round of sharp decline also indicates the opportunity of the market outlook. Cheap chips will be hoarded, waiting for the next wave of hype and explosion. In the so-called big break, we hope that investors can survive the worst bear market and welcome the all-round bull market.
submitted by 58CoinExchange to u/58CoinExchange [link] [comments]

Why Stellar is the best crypto to buy and hold right now

Why Stellar is the best crypto to buy and hold right now
Crypto prices have gone down in the past few days due to the coronavirus epidemic and other factors. It's a good moment to buy – and Stellar is among the best coins to buy. Read on for an analysis from the XLMwallet team!
When the coronavirus outbreak just started, the price of Bitcoin and other crypto went up sharply. Many said that the virus would be good for Bitcoin. Why? Because BTC is a safe haven asset, like gold. People invest in it when there's a lot of market uncertainty. The rise of BTC in February led to a general increase in crypto prices. Here's a chart for Stellar – you can see an increase around February 15, when the price rose to $0.086:
https://xlmwallet.co/
But this was when the outbreak was confined to China. Now, the center of the virus crisis is in Europe, and the markets are panicking again.
Another piece of news that rattled the crypto market and the price of Stellar is the fall in oil prices. OPEC and Russia didn't manage to make a deal, and this can cause a price war. On March 9, the price of oil fell by over 20%. Because of this, all kinds of assets started to fall, including crypto.
People are now selling off high-risk assets, such as stocks, options and crypto. Bitcoin may be a safe haven asset in a way, but it's still very volatile, so nobody sees it as an equivalent to gold.
Right now the price of XLM is just $0.05. Stellar lost 37.5% of the value in a little more than 3 weeks. What should you do?
Now is a good moment to buy
If you already hold XLM, you should definitely hold on to them. And here at XLMwallet we believe that you should buy more.
We all know that in crypto you should buy on a dip. Right now there's a huge dip for all top-20 coins. Bitcoin has lost about 22% of its price since mid-February, from $10400 to $8100. So it's also a good buy, of course. But Stellar, having dipped almost 38%, is even better. XLM is now cheap not only relative to USD but also relative to BTC.
So why will Stellar grow? Because crypto prices don't depend much on geopolitical factors in the long term. They can react for a short time when there's a general crisis in the stock market, oil etc. But then the prices go back to being determined by the internal workings of the crypto market. So any price volatility that is caused by outside factors is likely to be temporary.
Why Stellar will grow
Stellar's fundamentals remain very strong. For example, XLM is now supported by the 450 crypto ATMs belonging to the startup CoinFlip. Also in the news, Bank von der Heydt – one of the oldest banks in Germany – will now offer tokenized securities based on Stellar. This kind of developments are actually more important for the XLM price in the long term than a dip in the oil market or the coronavirus.
So, right now Stellar is a great buying opportunity. In a few months, the coronavirus crisis will probably boil over, and there will be some new agreement in the oil market. Plus, the Bitcoin halving is coming in May. This will push crypto prices back up, and we expect Stellar to grow at least 50%.
Store XLM in the best wallet
Before you start buying XLM, make sure you have a secure wallet for your lumens. We recommend XLMwallet– a fast, light, 100% private Stellar wallet. You don't need to register, just save your private key. We don't ask you to provide your email or any other personal information.
XLMwallet is great for storing and transferring lumens and any tokens created on the Stellar blockchain. You can even send crypto to an email address!
Don't miss the chance to invest in XLM while they are cheap. Store them in our safe XLMwallet and see your investment grow! Check out our official site and register your wallet here: https://xlmwallet.co
https://xlmwallet.co/
Web site — https://xlmwallet.co/ Medium — https://medium.com/@XLMwalletCo Teletype — https://teletype.in/@XLMwalletCo Twitter — https://twitter.com/XLMwalletCo Reddit — https://www.reddit.com/useStellar__wallet
submitted by Stellar__wallet to u/Stellar__wallet [link] [comments]

This sub is a mess and needs to get out of the anger stage: How to move forward from the crash if you're a bagholder

Back in December 2017 I did a valuation attempt of Bitcoin on this sub and got around 5K with some grossly optimistic assumptions. Its taken a long time but finally gone down below that.
You've probably heard many people tell you it would eventually happen back in December 2017 and to reduce expose to crypto (including me), but when you're hyped up on 20% gains every week its hard to be cautious or engage in defensive measures. To many the last quarter of 2017 and into early 2018 was like a beach party with coke and Victoria Secret models. Who wants to listen to someone tell you about how you're gonna crash hard with a headache the next morning?
With this latest crash, Bitcoin's price is back to roughly mid October 2017, which is roughly when the mainstream mania started. Many on this sub entered after October 2017 and hence are now left holding heavy bags. Many are down 80% or even 90%. Here is the current losses from ATH for the top cryptos:
Asset Loss from ATH
BTC -77%
XRP - 88%
ETH -90%
BCH -95%
XLM -79%
EOS -83%
LTC -91%
ADA -96%
XMR -85%
TRN -96%

Who do we blame?

At a time like this its easy to get angry, to look at someone to blame. Whether Roger Ver and the hash wars, whether BAAKT delay, whether whales or SEC or institutions, everyone has their favorite boogeyman. No one thing is the reason why the market is down 80%.
The reality is that Bitcoin (and all other crypto by extension) was ovevalued even by grossly overoptimistic measures. Its not BAKKT or the whales trying to get your coins for cheap. The same people who were buying at near peak bubble thinking they were getting into the chance of a lifetime are prone to look for someone to blame for their losses, when it was actually their fault for buying near the end of a mania.
Nobody wants to admit that it was their own greed, lack of research and irrational behavior that lead to the gross overvaluation of all cryptocurrency.

Is it over yet?

The $6K consolidation was likely a result of the market coiling tighter and tighter around the mining breakeven point for some of the smaller miners. The big firms in China are profitable mining below 6K, but many smaller ones in the US and Europe aren't. You can actually see the total hash rate going down. Once it broke it was a big fall straight down.
Bitcoin is mined at 12.5 BTC. per block at 10 minute blocks, which comes out to around 1800 BTC every day. This 1800 BTC has to be absorbed by every day, which means the following at different price levels:
Price Level Daily net buying needed to absorb mined coins
6000 $10.8 million/day
4500 $8.1 million/day
3000 $5.4 million/day
At the current price, at least theoretically $8.4 million in demand is needed to cover the mining output. Of course the miners don't immediately dump it all, but it shows why miners have an incentive to keep the price high and try to incite FOMO with a BGD.
I can also see that after this latest drop, the "buy the dip" sentiment had substantially gone down, at least compared to the other fast drops in price. This is especially discouraging those who were waiting for the "November bull run", which never came. Its clear to more people now that this probably isn't just downward correction that will reverse, but a multiyear bear market. This is why the bounce has been so weak compared to earlier in the year. Compare that to the last two big 2 day drops:
The weakness of this current bounce says it all, people are no longer optimistic that BAKKT or ETF or any other catalyst will lead to a bull run that they can cash out quick. It may be a period of stagnation followed by further drops as big holders take profits.
I also think that the FED tightening with rate hikes is leading to a lot more volatility not only in stocks, but crypto as well. Right now asset deflation seems to be a global macro risk as cheap credit dries up, and Bitcoin surely isn't immune from this.
My personal view is that at this point we may see further declines, but calling what's going to happen next is always dangerous. A whale (especially a big mining operation) with a series of large orders to clear out the order book on Bitfinex could give us a BGD out of nowhere at any time and take us back to 6K, it would be interesting to see how the market reacts to something like that. But I'm not betting on it leading to any sustained rally past 10K. Quite the opposite.
So what's a crypto shrimp to do? I'll split my thoughts into two, for those who are still in the green and those in the loss.

If you're still in the green

If you're still in profit, this is a great time to consider how much more downward selling you can take and also how you can hedge downward risk.
If you're someone who purchased when Bitcoin was below $1000, you should calculate your compounded annual ROI and decide if that return is good enough for you. For equities, the long term average is about 10% per year, 20-30% in a good bull market.
Its your decision, but taking out profits that exceed principal and reinvesting the principal is not at all a bad idea. For those who invested before Bitcoin reached $1K (April 2017) the current price is still an insane return that no other asset class can match.
Another important thing is to think about how you can hedge the risk of downward movement. This is where derivative exchanges are very useful, although you do need to do some research on how derivatives work and how to not get liquidated. If you have substantial holdings, the effort to learn this is worth it.
The basic idea is that you can buy short contracts that increase in value as Bitcoin goes down, proportional to the amount of leverage you put to finance the contract. If managed correctly, you can protect your entire stack with a portion as leverage. Its something commonly done by miners, who short Bitcoin with derivatives to hedge their holdings.

If you're in the loss

The untold reality is that HODL is a meme told to newbies to prevent panic selling during a downturn while the smart money cashes out in a more orderly fashion. But does that mean you shouldn't hold if you're already down massively?
Well that depends on your own life situation, how much you've invested, and if you don't need the money for the next few years.
Mathematically, whether it drops to 4.5K or 3K from the reference of 6K is highly meaningful, its a drop of 25% or 50%. But if your reference starting point is much higher, then it really doesn't matter all that much. A drop from 17K to 4.5K is a 74% loss while down to 3K it would be 82%, massive losses either way. In that sense if this is money you don't need, it makes sense to simply have it stored in a wallet and forget about it for a few years. Who cares if it drops further after a certain point if you don't plan to take it out for a while? Its like in equities markets where people with massive losses don't sell, but instead move the loss position into their retirement fund where they don't plan to take it out for a long time and thus are giving it time to rebound back.
But what if its money you need? What if like many out there you took out loans hoping to catch a run to 50K? If you have high interest debt (credit cards...etc), focus on paying that down first. Credit cards generally have high interest and many compound daily, so pay down the debt first rather than trying to pay your debts off with a crypto bull run that may take years to materialize.
This is also a good learning opportunity. It is worrying how few people who hold crypto have a clue what any of this even is or how it works. I've always recommended this video to explain how Bitcoin (and other cryptocurrencies) actually work.
A good thing to do during catastrophic losses is to honestly access why you got suckered into buying high in the first place. Most people here are young, and this is a valuable lesson in why you shouldn't follow the herd. Everyone is a genius in a bull market, everyone is chasing the next hype. Crypto tends to attract people looking for a get-rich-quick-without-effort crowd, but it takes some mental effort to understand this beyond the buzzwords. Take the time to understand the fundamental reasons why an asset has value and what factors would drive its rise once the hype dies down. What makes Bitcoin valuable, what makes some of the other cryptoassets valuable? If those fundamentals in some way changes, so should your opinion.
Its also a great opportunity to help in its adoption by using it. The irony of it all is that people demand that they get rich because of the hard work of buying a bunch of crypto in an exchange and transferring it to their wallet, without any understanding what they're buying into.
Also don't be angry. Don't look to blame. Look to learn and improve next time you invest.
submitted by arsonbunny to CryptoCurrency [link] [comments]

TIFU by margin trading 11,000usd/btc and losing practically all of it...

Strap in boys/girls this ones gonna hurt.
I’ve been deeply invested into bitcoin(btc) since a little before the big all time high and crash of 2017. I truly think it’s easily going to be the biggest asset of storing value in the future and had been putting money in it ever since. I watch a lot of crypto-related videos on a daily basis I have a nano ledger x(offline wallet to store btc) etc. etc. you get the point here. I like this shit a lot.
Up until recently I had the great idea that we’ll damn if the price of btc skyrockets I really need to get one whole btc.
Very short explanation of btc. 1btc currently, is worth $10,000 I had invested at the time $2,000 dollars l so I had .2 btc essentially 20% of what it was worth I needed another .5 to have one whole bitcoin. When the price rises to let’s say $40,000 my one btc would have quadrupled with a return of 30,000. Simple enough. Well I figured fuck it I’m not in any serious debt or anything how about I get a loan..(yep) Invest into btc with the loan (you know where this is going) get my return And just pay off the loan with excess btc in my inventory! (Ha) It was a solid plan and I still think it wasn’t an awful idea but then...... I started getting into watching leverage trading with btc which means I could basically bet a part of my btc and some borrowed btc from an trading platform on whether or not the price of btc would go up.. or if would go down.
I could bet that btc would go up or down ! EASY
So that’s when I put my plan into action I got approved for a loan of 11,500 with the loan I got a nord vpn subscription and a tablet that I could use anonymously without (you can only do this kind of trading legally in Europe but if you block your ip they don’t know where you are) . At first I only put in .3 bitcoin (3,000usd) and tried it out I mean if you leveraged 75x all btc needed to move was 80usd in whichever direction you had money on and you could make an easy 25-30% profit. But not reading the charts the right and just kind of looking at it I lost that 3k within almost a half hour. No big deal I can make all this up just need to add some more and try again maybe with a lower leverage the lower the leverage the lower the risk and the longer it’ll take me to get liquidated(lose all that I had on One bet)
I put .5btc in next and I watching the chart move taking my time making some gains making little loses and I see a huge opportunity that it’s for sure going to go up I put 100x leverage to double my profits for a clean pick up and the price tanked and out of nowhere just straight drop couldn’t get out in time and lost that aswell. Within 2 days (Saturday and fucking Sunday) I was down to .25btc apparently the current market is choppy and I should’ve just wanted for a heavy break out out of this consolidation period. I bought some technical analysis classes and really started to learn about how the market is swings started to make better trades but I still end up getting rekt.
I currently have $130usd =.013 btc. So really The one thing!!!! I believe in, I can’t even be apart of and .. now I have a loan to pay off. I tried to learn and I didn’t realize risk/reward management until it was too late. Now practically anything that I set up may make me $40 return but really fees will probably eat up half of that.
I have a screenshot proof but idk how to post it I’m a fucking scrub If you wanna send btc to me PM me won’t advertise here on tifu it’s against rules I’ll try and figure out how to post the picture I hope this is the part of my life where I’m backed into a corner and some how miraculous comes up on top.
TL;DR I took out a loan used it to gamble without learning how to trade properly and now I’m in financial pain and is a sad boi.
submitted by shouldveHodl to tifu [link] [comments]

Daily analysis of cryptocurrencies 20191005(Market index 31 — Fear state)

Daily analysis of cryptocurrencies 20191005(Market index 31 — Fear state)

https://preview.redd.it/oly12rv9rqq31.png?width=1500&format=png&auto=webp&s=6667e09b78b0edc6dc3b411e5f96bba36f4a6430

Attorney General Barr Signs Letter To Facebook From US, UK, And Australian Leaders Regarding Use Of End-To-End Encryption The Department of Justice published an open letter on October 3 to Facebook from international law enforcement partners from the United States, United Kingdom, and Australia in response to the company’s publicly announced plans to implement end-to-end-encryption across its messaging services. The letter is signed by Attorney General William P. Barr, United Kingdom Home Secretary Priti Patel, Australia’s Minister for Home Affairs Peter Dutton, and Acting Homeland Security Secretary Kevin McAleenan. Addressed to Facebook’s CEO, Mark Zuckerberg, the letter requests that Facebook not proceed with its end-to-end encryption plan without ensuring there will be no reduction in the safety of Facebook users and others, and without providing law enforcement court-authorized access to the content of communications to protect the public, particularly child users.
Coincheck Launches New Service That Rewards Gas Users With Bitcoin In an attempt to bring crypto to the mass audience, Japanese crypto exchange Coincheck inked a partnership deal with E-net Systems to reward gas users in the Tokyo Gas area, the company announced Oct 4. Under the partnership agreement, the two companies will start offering Coincheck Gas with two crypto-related plans for its customers. The gas service by the crypto company will offer a Bitcoin Rewards Plan under which customers will receive Bitcoin as rewards for the usage of gas. In addition, customers can also pay their gas bills using Bitcoin under the Bitcoin Payment Plan.
Libra Association: 1500 Entities Have Indicated Enthusiastic Interest To Join Libra After PayPal announced to withdraw their support for Facebook’s Libra cryptocurrency, Libra posted a series of tweets in response to the striking news. Libra Association tweeted: “Building a modern, low-friction, high-security payment network that can empower billions of financially underserved people is a journey, not a destination. This journey to build a generational payment network like the Libra project is not an easy path.” “We recognize that change is hard, and that each organization that started this journey will have to make its own assessment of risks and rewards of being committed to seeing through the change that Libra promises,” they continued. The final tweet read: “We look forward to the first Libra Council meeting in 10 days and will be sharing updates following that, including details of the 1,500 entities that have indicated enthusiastic interest to participate.”
Prysmatic Labs Team Unveils Updates On The Ethereum Serenity Roadmap Prysmatic Labs team has unveiled biweekly updates on the Ethereum Serenity roadmap via Medium. According to the article, the testnet has been restarted for everyone to experience staking and becoming a validator. This testnet includes beacon chain spec v0.8.4, various performance improvements, faster BLS paring library, new syncing strategies and more RPC end point support.
Japan: Using Virtual Currency To Make Donations To Politicians Is Legal Citing Yomiuri Shimbun, the Japanese Ministry of Internal Affairs and Communications, a cabinet-level ministry in the Government of Japan, indicated that the use of virtual currency to donate to politicians is not illegal. According to Japan’s Political Fund Control Law, it is prohibited to conduct donations to politicians in principle, but virtual currency is not in the category of “money and securities” which are covered by law.

Encrypted project calendar(October 05, 2019)

Ontology (ONT): Ony Ji will attend the blockchain event in Japan on October 5th and explain the practical application based on the ontology network. BNB/Binance Coin: The Binance Coin (BNB) Oasis Game Hackathon will be held on October 5th in Bangalore, India, and will be hosted by Binance Labs, Matic Network, Cocos-BCX, Celer Network, Marlin Protocol.

Encrypted project calendar(October 06, 2019)

SPND/ Spendcoin: Spendcoin (SPND) will be online on October 6th

Encrypted project calendar(October 07, 2019)

GNO/Gnosis: Gnosis (GNO) will discuss the topic “Decentralized Trading Agreement Based on Ethereum” will be held in Osaka, Japan on October 7th. Kyber and Uniswap, Gnosis and Loopring will attend and give speeches.

Encrypted project calendar(October 08, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(October 09, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

Encrypted project calendar(October 10, 2019)

INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11).

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.”

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th.

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th.

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th.

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18.

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th.

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”
https://preview.redd.it/jfxnwvgcrqq31.png?width=473&format=png&auto=webp&s=6adc6ab9f1c8a5f14874041d1e57a6721b8023b3

On the chart, we can see that the price made a break of the lower resistance boundary of the “triangle with a flat bottom” formation in the zone of $9560–9580. At the same time, 157 SMA was broken, which confirmed the dominance of sellers. Now the price is trading around $8100–8250, at the border of the resistance of descending channel. Consolidation of the price indicates the current period of accumulation, interest of buyers and a potential return to the upper boundary of the descending channel to $9100–9200 zone. After the middle of the month, the price may rebound from the support level of the descending channel and return to the area of $​​8900–9300, where there is a strong resistance. Also, the other day, the level of 8200 was traded and once again protected. The common mood is to fall, and we know that often the market goes against the majority. A lot of people are in shorts and this is an excellent point for growth (their stops and liquidation of positions, as was the case recently with longsters)
Review previous articles: https://medium.com/@to.liuwen

Telegram: https://t.me/Lay126
Twitter:https://twitter.com/mianhuai8
Facebook:https://www.facebook.com/profile.php?id=100022246432745
Reddi:https://www.reddit.com/useliuidaxmn
LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
submitted by liuidaxmn to u/liuidaxmn [link] [comments]

We're Going Down To A Market Cap of ~$420bn (Volumetric Observations)

This is a very basic take from a volumetric analysis of Bitcoin. Data dates back from yesterday, but today's confirms this prediction.
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH. THIS IS JUST ME SHARING MY OWN. Hopefully to kill some of the unnecessary FUD out here.
I'll go briefly over the following points:
  1. How we call this prediction for BTC.
  2. Extrapolation to global market cap and other cryptos.
  3. What it means for the crypto space.
  4. Why this information should help you.
Note: I'm not a native english speaker so please forgive in advance any approximation in terminology. Hopefully you can correct my words rather than criticize (assume it's logically correct but using the wrong words, before bashing. I'll humbly accept any criticism too, the point is to discuss.)

1. Volumetric Analysis

Observe this chart, especially the horizontal volume bars on the right, relating to pricing: https://i.imgur.com/ePOS4Ag.png
(Source: Trader of Futures, Published on Jan 29, 2018 on YouTube, link at the bottom. You can watch the video if you want more details about volumetric charts).
Most people look at Technical Analysis from a price standpoint (candles, etc), but this is more backward-looking than forward. In essence it shows what has happened, not what is about to happen.
From a volume standpoint though, you can effectively characterize two very important aspects of a given value:
You can see very clearly that BTC is dull right now over January (horizontally), there's not much incentive to upset the current (downward) trend. Down moves are strong, comparatively to consolidations (horizontal/up moves).
You can also identify the following support levels:
Notice how the volume is much bigger below 8.4k than it is above: this is strong sign that many people are comfortable buying below 8.4k, indicating that there are little chances we go below (everything will be bought). This is currently the strongest next support level for BTC.
Notice also how it's much, much bigger below $5k: reasonably we can assume that BTC cannot move lower. If we break the 5k barrier, it will be bought almost instantly in the $4k-$5k range.
It's all intuition and sentiment, but given the current situation of cryptos (see 3. below), it is very likely that we will go down to 8.4k. It is also very likely that we'll pick back up after that.
Currently, there is resistance around $12k. To break above that level, we'd need volume (horizontally, a push up with enough weight). We'll see how it goes once this bear phase becomes bull again. It's hard to know when the shift back up will happen, but I'd expect in February, and breaking past $12k in March or so.

2. Extrapolation to global market cap and other cryptos (top 25)

Based on prices from yesterday, a dip to $8.44k for BTC would be about 0.85 its price when I took the values (9913 at the time).
It seems that the market is vastly correlated to BTC globally, so if we simply assume a linear move for the market globally, here's what we can expect:
https://i.imgur.com/nJb5Uiw.png
In blue, a 0.85 dip. In pink, a 0.51 dip down to $5k-ish.
Again, it's very likely we will hit the blue values. It's possible, although rather unlikely we'll hit the pink ones.
For any value that's not in this chart, just multiply your coin's current value ×0.85 to get a feel of how much lower it will likely go.
For a more thorough price prediction, we should look at volumes (in pricing, Y-axis) of each cryptocurrency. I don't have time to do that, but you can and would therefore identify the proper support levels for each coin. I assumed here that it's overall "about good enough" to get a feel.

3. The crypto space right now

This is the most subjective part of this post so I'll just echo general sentiment.

Some people have a clear interest for cryptos to go down temporarily

Now that the crypto market has been somewhat legitimized, more and more people want in. They're not willing to buy at ATH obviously, so many are waiting. Others already in are taking profits as they see/saw this bear coming. It's all normal and a factual expectation of any market soaring high, then pausing a bit before going much higher if the underlying fundamentals are good.
The crypto scene right now is a bit of both, good and bad fundamentals (from the tech which is good but mostly beta/alpha, to the use-cases and general legal environment which is uncertain for now and therefore more on the bad sides of things, until such time we clear these unknowns).
Basically, whales are now waiting for the right time to enter. This is our $8.4k support level, as long as there's no major event to upset it (war, stock market crash, basically any macroeconomic bomb).

The somewhat official Bitcoin (BTC) is currently falling out of favor

Versus other cryptos, BTC dominance over the market went from 66% to 33% in a month. It's a huge loss of dominance that it's very unlikely to recover. Many people are already predicting that Ethereum (ETH) will soon take it over.
People also realized that BTC was no more viable as a "peer-to-peer electronic cash system" (words taken from Satoshi Nakamoto in the white paper) and that many other cryptos could be valid candidate. The space is in tremendous innovation, it's a really before-early-adopter phase right now.
Internally regarding Bitcoin itself, there is also much controversy due to forks over fundamental disagreements (namely Bitcoin Cash BHC) and a questionable new direction taken by self-proclaimed official caretakers of BTC (namely "Blockstream").
This is the reason for the feud between Bitcoin (BTC) and btc (BCH). I won't go into it here, but let's just say that overall it's a bit of shitshow that doesn't reflect good upon any bitcoin fork right now, and that appearances can be very, very deceiving, willingly or not from their respective promoters. Personally, I've been flabbergasted at what I've discovered, and I'm pretty sure it will be a big bomb if it ever reaches the attention of major media (it probably won't though).
Basically, BTC is falling out of favor fast from the general public, and this is causing the general crypto market as a whole to pause, reflect, and probably evolve, but that's never as smooth as it seems.
My personal prediction is that the top 3 coins a year from now may possibly not include any bitcoin(s).

Tether, Bitgrail, Bitconnect: time to do some cleaning

These are just examples of FUD-inducing events (some would say with good reasons!) that keep nagging this space with pains that keep it volatile and uncertain.
It's not clear at all when the crypto market will become suitable enough for the real mainstream to enter, not even questioning its use cases for now. But there are thresholds in security, trust, compliance that we have yet to pass with flying colors.
Again, this is causing more uncertainty. Since it's very hard to pinpoint the exact reasons for a surge up or a fall down in value of crypto-values, market actors are taking a stance back before making their bigger moves. Ergo, wait, see what's what.

South Korea, China and the USA are to make big legal moves

We don't know yet what will the legal situation be 6 months from now. What's sure is that official authorities have taken a big deep look at cryptos now, and Asia is by far the biggest investor especially in the mainstream. We're nowhere near that level in the west, although the importance of the USA in the global economy amplifies its decisions from a media standpoint.
Europe is also making moves, although as usually these days, it's a bit of an old dwarf versus Asia and America; its rather conservative population is unlikely to make massive moves (a notable exception is Switzerland for its relative independence from the EU).
This is again more general uncertainty, especially in Korea and China, that begs investors to wait a bit before they move. Hence, the bear is making its run. Big money, the kind that has a clear interest for a lower price, isn't doing anything to stop that trend (see first point).

Big, real, good projects take time

If you look at the development roadmaps and expectations from big projects team members (ETH, NEO...), you'll see that they expect to meet certain very important milestones (notably in scaling) by 2019 or even 2020. We're not there yet for general mainstream VISA-threatening adoption, guys. We still have A LOT of work to do.
Did I already mention that this market needs time?

4. What this information all means for you, how does this help?

Obviously the most important parts were 1. and 2. regarding your investments.
You now have a clearer picture of where we're going, most likely. You can anticipate how much your values will drop if they keep going down. So you can now arm yourself with patience, knowing that it is to be expected.
A bear market sometimes makes casualties, in the form of values (coins, companies, entire sectors...) that had no solid-enough grounds. There are bankruptcies, some teams/projects get bought. Others earn their legitimacy, too.
Don't panic. Just rationalize your investments:
  • Are the projects you support solid? It's not about being big (top 25) or small (in the high hundreds on CMC...), it's about being good, realistic, solving problems. It's about having people that can deliver on their objectives (track record, experience, behavior with other actors and on social media). I have more confidence in some rank 1,000-ish cryptos in my portfolio than some top 25.
  • How deep are their pockets? Dedicated their team? Can they withstand a month or even year-long bear market? Can they keep the payroll going until there's money coming in, i.e. a valid product? How timely is their product versus the chances of adoption? (this is why I insisted on making part 3. above).
You can't necessarily know the real answer to all these questions unless you're an insider, but some projects are better than others at making these unknowns known. Trust your intuition. If something feels off to you, it probably is to some degree. Question is, how comfortable are you supporting them with your own money?

Final words

Expect the dip to continue.

Until you see a market cap of ~420 billions, it's just the natural continuation of current volumes. It's OK, you already know (now...) what it means in terms of numbers in your portfolio. You wouldn't be here in the first place if you weren't ready for dips in-between highs.
If we break below that, sub-$400bn, then chances are we'll be heading for a 50%-ish dip, down to ~250bn. It's OK, too. Don't panic sell. Just be brutally honest with yourself before that, to let go of projects that you don't really believe in (moonshots ICOs and over-hyped coins), remain confident as ever in the ones you trust to see the light eventually.
This is a long term game, we're before early adoption in terms of tech.
There will be many such dips before we get there.
But we'll get there, eventually. That's what we all believe. And we have solid grounds for that belief, it's not faith, it's an educated guess based on how this world and business works.

If you want to double in (buy more), look at volumes to get a general bearing on your favorites.

Look at volumes on your coins. On the general market. Look how big people are moving, not just how high/low a given value is moving (it could be very low volumes and mean not much, if anything at all).
Don't be the sucker that only looks at candles. Spoiler: good traders don't really care for candles. Price analysis. TA. This is all just a reflection of the past. Volume is where it's at to anticipate moves, and you can only mix that with experience and intuition for the market. That's what investing on markets means.
You should never invest in something you don't understand, in a company or project you can't judge for yourself. For instance I understand tech, so I'm comfortable investing in Silicon Valley tech companies. But I know shit about retail even though I read Sam Walton's and Jeff Bezos biography. So I don't invest in those. If you invest in crypto, you should at least know a bit about crypto-tech itself, and you should know about the industry your particular projects are targeting.
None of this post is financial advice (I'm not qualified for that). But this is my only investing advice for you: know what these guys you're giving money to are doing. Be able to have an opinion about their goals, how it fits in the real world.
That's it, peeps. Already long enough I guess.
I'm hoping some nice fellow redditor can make a guide to volumetric analysis on tradingview.com or something.
Have a great day.
Link to the video that inspired me to make this post: https://youtu.be/DMFK6_gA_H4

EDIT: QUICK UPDATE 2018-02-02 10:44 UTC

We're now standing right above the support level for [email protected]$8.4K-ish (Y-axis volume profile). So far this estimation seems to be about right. [disclaimer: it's not just me, several people called this a month ago, I'm actually late to this party.]
  • Answering comments about graph analysis of any kind:
Remember, it's not only graph analysis: a good part of guesstimating markets is just that, guessing, based on intuition/sentiment/experience, whatever you call it. The news do matter, so do the fundamentals (the tech, the target market/sector's readiness for adoption of products (aka S-curve), the legal environment, etc.). Part 3 in this post is mostly why I drew such conclusions from the volume profile, and why I ultimately felt we were going down (and could still go lower). This doesn't change my general feeling that cryptos are here to stay and will be a major part of the economy in the 2020's. Nonetheless, volume profile is a strong indicator of future performance, unless major event —extrinsic (e.g. global crash/war etc.) or intrinsic (e.g. bad fork, legal issues, etc.), for a period about as long as the retracing (here, 4 months, so whatever you infer from these charts above could only go as far as April or so). I feel the market is too new and volatile to infer much further from graphs, after that it's only sentiment.
  • Back to our chart:
We broke below the average growth line from early October (white line + "!" on this graph). I don't think it's very significant, but some people would, so I included it. Notice we only have 2 strong lows to draw this, one (middle) is weak-ish.
There's a big buy wall underneath our current $8.4K support level, so chances are we'll rebound. If we do break below however, we're headed towards the yellow arrow/line ($5K, $250bn market cap or lower if other cryptos keep falling below BTC, and they very well might in average if this is a sanitizing event —which is very much needed for the sanity of this space, imho). Looking at the overall ordered volumes (horizontally), the current fall isn't very much sustained however, about average, indicating a dull movement upset only by previous volume profiles as we speak. An influx of good news could reverse it. Otherwise... brace yourselves.
Edit 2018-02-02 23:30 UTC: the market seems to have stabilized around $410 bn.
Edit 2018-02-07 13:05 UTC: We've hit a low of $270~280 bn, BTC tried the $6K level but bounced. News from the USA seems to have a positive effect, possible recovery ongoing (it's an integral part of the way we read these charts today). Volumes are stronger than ever on this rising trend. We may still see a bigger dip or two but general trend imho looks to be upwards.
We are currently testing a resistance level around $8500 for BTC. (Next one above is 12K-ish and then there's no foreseeable bound. Below we sit above a direct fall to $5.5K).
Edit 2018-02-09 01:50 UTC: We're not in the clear yet, imho. The sentiment is still bearish. There are signs of bulls waiting to come in but we're testing a rather strong resistance level kicking off around $8,400. Below the current $8K price, we do have to confirm or find a floor before we bull back up (last support on Feb 6th was at $6K, history shows a support level around 5,400 (from Nov 12) but volume profile suggests we could test slightly below, $5K support from mid Oct).
I am still observing this market before making another post. I'm about half confident that we're seeing the last bears.
Right now I don't have anything else to say to you other than what I'm personally doing: I'm holding, not buying this dip just yet; waiting to see a second confirmation of the support level in the $5K~6.5K range (i.e. support level). I want to make a most educated decision in the aftermath of this crash. I plan to buy in just after the bull market resumes, once I've had several (at least two) possible confirmations (might be RSI, might be volumes, might be some news/sentiment, might be just a textbook 'W' too).
On the way up, regardless of when it happens, we still have to retest several resistance levels: $12.2K, 13K, 14.6K. BTC is very uncomfortable for some reason around $12K, so I expect turmoil in these areas.
Here's my non-professional advice for crucial times: don't be too hasty. Don't panic over 20% when your end game is 200% or ten times that. Don't fear of missing out by a day or even a week when you're in for years... Many (educated) people still believe $30K~40K for BTC by year's end to be a rather conservative estimate. I concur. So who gives a f--k about $2K more or less now? ; )
Edit 2018-02-12 20:20 UTC:
This time, the volume profile I outlined 11 days ago was rather spot on.
I'm still observing the market honestly, we're in a bit of a horizontal move right now. We did stretch almost to $250bn in the dip, but it seems $420bn really is/was the consolidation average box. It's hard to predict which way it's gonna break out in the short term. (for more info, see "Bitraged" videos on YouTube, they really nail it in their current videos, lots of educational value too; I really like their channel).
What's sure is that, everyday we spend at this market cap is all the more ground to "validate" this $420bn value; in other words as we accumulate historical volume at this level, it means that the crypto market really is worth it (increasingly certainly not less). That's a reassuring sign imho.
I think the real consolidation will happen later this year, probably at a higher market cap, when "good" coins/projects start siphoning the "bad" ones. Big finance involvement (and their many audits, reports, evaluations, etc. destined to their major customers) will sort out the market hopefully more rationally than it is today. I expect this to slowly be reflected on rankings like CMC.
Regarding Q2-Q3, there are increasingly many more signs that the future looks bright overall. However I'm thinking that the involvement of big financial institutions (FI) will likely result in much more regulation and therefore the death of many not-so-fantastic projects/coins, and some exchanges as well. I hope this will truly be the year of decentralized exchanges, so that we have an alternative to big FI's exchanges (I personally would use both, for different purposes).
Personally I'm regrouping my assets around projects I really really trust, those with a promising basis and already established demand (e.g. fiat-to-crypto gates, or crypto management solutions for the mainstream), while planning on investing in some hot-shot ICOs during Q1.
Thanks again for all your comments and pms, I very much appreciate the discussion.
submitted by ikkei to CryptoCurrency [link] [comments]

Rebalancing Crypto Portfolio: What is BAT, Brave, PAY & TenX?


I just sold off my entire PAY holdings to buy BAT tokens. My average cost for PAY tokens was around $0.90 and I bought 502 of them (current price is around $0.30). I had around 200 initially but added on another 300 late last year in Dec 2018. The reason is that the company is issuing a 1-to-1 new TenX token for every PAY token you hold. TenX token is a reward token that would be issued out in Q2 2019 and rewards (in the form of PAY) are expected to come in Q3 2019. The snapshot has already happened, meaning that I would receive 502 TenX tokens in a few months time, regardless of whether I sold my PAY tokens or not. You can read more about TenX token from their official blog post.
PAY will be the reward we receive starting from Q3 2019 and the payout will be made every quarterly depending on the company’s financial performance. My cost price for getting 502 PAY is around $458, which means I would need to get around $23 annually for a yield on cost of 5%. I will write a new post about TenX when I receive the new tokens and when the first rewards payout is distributed. Everything will happen in 2019, so stay tuned.
Who is TenX?
TenX is actually a crypto card company and their goal is simply to allow cryptocurrencies to be spent anywhere in the world. Here is actually a video of my first transaction buying Mac in bitcoin a few months back.
The experience was pretty cool, liberating and surreal I would say. You got to try it for yourself. For the first time in history, products and services can be bought with a currency that is not controlled by ANYONE or any intermediary. There won’t be bank bailouts, political issues, government failures, quantitative easing and that sort of stuff. The note in your wallet is basically an IOU, something the bank owes you, but the BTC in your wallet is solely yours and nobody can take it away from you, as long as you keep your private key safe.
We don’t really face all these problems in a first-world developed country, but the people who really need this are those from countries such as Venezuela. The country faces corruption and their notes are denominated in millions due to hyper-inflation. These worthless paper money are being dumped everywhere on the streets. I would not go too in-depth about this and you can read more about the inflationary impact of money from my previous post.
If you are interested, you can order a card from Tenx as the cards are available in Singapore, Malaysia, Hong Kong, Australia, New Zealand and recently Thailand. They are rolling out the cards in other regions progressively and their banking license in Europe is still in the process of happening. The orders for their Tenx card is insane. They are growing at around 10-15% every week I think.
Reason for Selling PAY Tokens
I sold off my PAY tokens because it was originally a reward token that gives out rewards from the pool of transaction fees when people spend using TenX card to all PAY token holders. However, they run into regulatory issues with this as “Securities Token” is an extremely sensitive topic in the regulatory arena. Hence, the TenX token was created with an added feature known as the ERC-1462. The rationale behind this is simply for compliance reasons; to comply with securities regulations and legal enforceability.
Utility of PAY Tokens
Now that TenX token has replaced the original utility of PAY as a “reward token”, you might ask what’s the function of PAY tokens now. This is a good question and the answer is: “nobody knows yet”. The team behind TenX is currently working on the utility of PAY tokens and no conclusive information is available at the moment. However, some of the possible ideas that were suggested include things like rebate fees, lower transaction fees when spending crypto or other specific uses for TenX services.
Since TenX token has already replaced PAY token as the reward paying coin, then it does not make sense for me to keep PAY tokens anymore. I am more interested in holding and buying the goose rather than keeping the eggs. Unless there is a strong utility function or incentive for me to hold the eggs, I really don’t see the rationale to hold my PAY tokens in the short-term. My investment philosophy in crypto is towards staking and rewards tokens that distribute some form of dividends one way or another. I believe the pool of money would work harder for me if I allocate it somewhere else.
What is Basic Attention Token (BAT) Token?
And where did I put it? I reallocated all my PAY tokens towards BAT tokens. So what is BAT? It’s not some kind of scammy, bs project. I don’t invest for the sake of quick random gains. I am actually grateful for the crypto winter as a “massive cleansing” is needed to drive out all the frauds and shitty projects that fail to make the cut. Those who survived will rebound even more resiliently and I am really looking forward to seeing the progress and adoption coming in. As the saying goes, “I’d rather lose money in crypto and end up being wrong than potentially miss the greatest investment opportunity of our generation.”
In my opinion, there are 2 things that would massively change in the next 5-10 years. One is China and the second is Blockchain. The latter has already become the most commonly discussed topics in World Economic Forums and these large giant monopolies are getting into the game. They have to because technological disruption is inevitable. You see Facebook, Tencent, Samsung, Microsoft, PwC, Deloitte, IBM, Walmart, Maersk, JP Morgan, Fidelity, Bakkt and the list goes on. They are all coming in. It’s only a matter of time. To find out more about institution money in crypto or how I got started, you can read about it in detail from my previous post.
Anyway, let’s cut the chase short.
So what’s BAT? To understand BAT, we must first understand the Brave Browser. BAT and Brave Browser work hand-in-hand and they are both founded by Brendan Eich, the person who created Javascript and Mozilla Firefox. I shall let the father of Javascript do the introduction rather than me writing all about it.
Problems of the Current Advertising Model
Problem #1: Our browsers are filled with countless trackers and Ads that are annoying and invasive. I am sure you have experienced the case where you researched something, and the ads related to what you are reading on started popping up everywhere the next moment. These are all run by trackers and the internet is attempting to build a digital profile about you so that they can sell you stuff.
Problem #2: Publishers are earning pennies. Well-known famous bloggers in Singapore can vouch to this. They don’t earn much from ad revenues on their sites. The problem with our current digital advertising industry is it is run by monopoly companies such as Google Ad sense and Facebook Ads. They take a huge cut of revenue (73%) from the publishers because they can. They have earned monopoly status.
Problem #3: There is a huge load of middlemen and intermediaries between the marketer and publisher. For a single ad unit to pass through to the publisher, it has to go through all these data aggregators, data management platform, data suppliers, analytics, verification and the list goes on. Money is being leaked out to all these central intermediaries and it adds up to a high transaction cost to brand ad campaigns.
Problem #4: Users often use ad blockers and over 600 million users and phones run ad-blocking to block off unwanted annoying ads. The result of this affects advertisers and publishers as their “ads” are not being directed towards users. Targetting is poor and users are ignoring ads.
Problem #5: The whole advertising ecosystem is plagued with frauds, malware, ransom-ware and some marketers are being fooled by bogus websites. There are tons of fraud bots going around the internet and our browser is vulnerable to all these hacks & viruses.
How can Brave & BAT solve the problems?
I will not go too in-depth with the elaborations as this post is meant to document the recent transaction I made on my crypto portfolio. Basically, Brave is a browser that is designed to block off ALL trackers and Ads. This result in a browser that is faster, more secure and more private. The BAT token is a utility token for 3 groups of people: Users, Publishers and Advertisers. Users are being paid with BAT tokens to view ads if they choose to opt-in for the option to view ads. Advertisers are required to purchase BAT tokens to advertise. Publishers are being paid based on the attention time users spent on the sites. Users can choose to make micro-contributions to tip their favourite content creators and websites. Publishers can offer premium content to users and payments can be in the form of BAT tokens. To read more about how the Brave Browser and BAT tokens work, you can read up about it over here.
How does it look like?
Here is an example of using the Brave browser. I have been using Brave for about 1 month and have since replaced Brave as the default browser over Google Chrome. You can see the number of Ads and trackers that are being blocked. Youtube and FB have a ton of all these trackers and ads. It’s really surprising to see the statistics. Not only that, the browser load time is faster, more secure and the best part? You are being PAID to view Ads. I don’t see any reasons not to like Brave. They actually did a test to compare between Chrome, Brave and Firefox. The results are 2x faster in desktop and 2-8x faster on mobile.
It would look something like this, where you can opt-in to receive BAT rewards for viewing Ads. If you don’t want these annoying Ads, you can disable the Brave Rewards function and no ads would pop up on your screen. Unfortunately, Ads are currently not available in Singapore yet, but they will be rolling out to the whole world by end of 2019. Countries such as the US, Canada, UK, France and Germany are already using it now. This feature was just released 3 weeks ago on 25 April 2019. People from these countries have already received their first payout of BAT tokens just from viewing ads on their browsers as of 8 May 2019. I would write a new post on this when ads are available in Singapore. Can’t wait for it.
Are you a Content Creator, Blogger, Youtuber, Website Owner?
If you fit into any of the above categories. Good news for you! Content creators form an integral part of the entire ecosystem and there is a huge opportunity for you to earn BAT tokens in the future. You are being paid for the content that you publish on the web. The more people visit your sites, the more time they spent on your sites, the more revenue you earn from their attention. Essentially, you are being paid by your audience based on the attention they spent on your site rather than relying on menial ad revenues. I would highly recommend that you sign up as a verified publisher on their web page. I have already verified my website. \This is not an affiliate link and I don’t earn any commissions*. It’s really up to you whether you want to be a verified publisher and earn BAT tokens in the future.
Why BAT Tokens?
The reason why I replaced PAY with BAT into my portfolio is because of the following charts which I am about to show you now.
The estimated download for Brave browser on Android is 25 million and an estimated 2 million downloads are being hit every month. The growth and adoption of Brave browser are turning parabolic as you can see from the charts above.
What Drives the Value of BAT Tokens?
Why is that so? The entire value of Brave and BAT comes from the network effect. It’s just like Grab, Uber or Airbnb. The more people use it, the more valuable the company will be. It starts with getting publishers onboard. After which, YouTubers, bloggers and publishers would spread the word out to their thousands and millions of subscribers and followers because they can earn 5 BAT tokens for every active download. There is an incentive for users to use Brave browser because it’s ad-free, faster, more secure and they are being PAID to view ads. This positive loop cycle compounds over time and it would eventually lead to an exponential growth of adoption in a short span of time. Do note that we are just talking about countries like the US, Canada, UK, France and Germany, when ads are available in other regions, especially when it comes to Asia, this thing will explode.
So why does having more people using Brave browser increase the value of BAT tokens? Well, this is because as mentioned earlier, advertisers have to use BAT tokens to advertise. If I told you that there are 500 million users on Brave and your ads are targeted to users based on their profile match and they are willing to view your ads voluntarily because they are being paid to do so, would you be interested in it? Brendan Eich has confirmed that there are 1,300 advertisers on Brave ads which are on the waiting list right now. When the floodgate opens, it would be interesting to see how the market reacts to it.
Dethroning Google’s Ad Business?
If you are vested on Alphabet or Google, this is something you should watch out real close. Their advertising revenue takes up a huge chunk of the group’s total revenue and its recent Q1 2019 earnings have declined due to lower contribution from ads. The switching cost between browsers is practically zero. If a growing number of users, publishers and advertisers are migrating from Google Chrome to Brave Browser, which is already happening now, Google’s advertising business would inevitably take a hit and this is perhaps the essence of what blockchain is all about. To decentralise monopolistic power and transfer them to individual users.
Potential Risks and Competition
The biggest risk just as in any other crypto companies is always regulations. Regulation is always a pain in the ass, for the right reasons. But an overly-regulated country can stifle innovation and development of new technologies. When crypto first took off, regulators couldn’t be bothered as it does not pose a systematic risk to their financial systems. But the technology has grown so fast that it is too big to ignore. Hence, regulators have to play catch up in understanding the benefits and risks of the technology. Tax is another big issue. Because of this time lag between the early adopters and regulators, the whole area is still developing and it’s pretty much in the grey area. It reminds me of the quote by Mahatma Gandhi.
“First they ignore you, then they laugh at you, then they fight you, then you win.”
Facebook is rumoured to be launching their own FB coin soon and they have recently removed their ban on cryptocurrency ads. There might be competition from the monopolies if they ever decided to go into crypto. But the good thing is that Brave has already gotten the first-mover advantage.
Using Kyber Swap to swap PAY to BAT
For the above reasons and logical reasoning, I have concluded to myself that PAY has no clear direction on the utility of its tokens (at the moment) and it does not make sense for me to hold them. Furthermore, I am more interested in the TenX tokens (goose) rather than the PAY tokens (eggs). BAT, on the other hand, is showing promising potentials and I can see how value is being derived in the long-term. As such, I have decided to swap ALL my PAY tokens into BAT tokens.
In the past, whenever we want to exchange one altcoin for another, the process would be to transfer your alts into an exchange, sell it for BTC, use that BTC to buy the other alt and transfer them back to your wallet. This whole process incurs gas fees, withdrawal fees, exchange rate fluctuations and the transactions can take hours to be verified if the network is congested. It is slow, inefficient and costly.
Fortunately, Kyber Network has introduced an innovative application tool known as the Kyber Swap. All you have to do is to connect your Metamask and swap your tokens instantly in a decentralized manner. Decentralized meaning that you are exchanging your tokens with the other party directly without going through a middleman such as an exchange. The liquidity providers are usually the market makers, token holders and token projects. The best part? Whenever you are doing a token-to-token swap, Kyber network will process the BEST conversion rate from all the reserves so that the most competitive rate is being carried out.
Conclusion
In conclusion, I can’t guarantee that I made the right choice. After all, I am selling PAY when it’s at its all-time low and buying BAT when it’s near its all-time high. My decision is based on the logical reasoning that I have made. Nevertheless, both TenX and BAT/Brave are equally solid projects which are growing at a rapid pace. I am waiting for TenX to release their TenX tokens by Q2 2019 and ads to be available in Singapore. When TenX tokens are issued out, PAY would probably spike up and all the short-term traders would get in. There is an opportunity to do an arbitrage here, but I wouldn’t take that risk.
I actually received my first payout in BAT when some random stranger decided to tip me. If you are interested in trying out the new Brave browser, here is the download link for it. Do give it a shot, play around with it and if you like it, remember to set the browser as your default.
The loading page is much FASTER and your browser will have ZERO ads and trackers. Furthermore, when ads are available in Singapore, you will be getting PAID to view ads in the future. The payout will be made to you on the 8th of May every month. \There is a referral fee of 5 BAT tokens for every active download (using the browser for at least 30 days)* If you are a blogger or you own a website, do consider this and I would really recommend you to verify your website. It is a potential alternative source of income for yourself. Click here to find out more if you are a content creator.
This is really the next generation of internet browser and it really makes us rethink the way users, advertisers and publishers interact in the digital advertising industry. The current rate of growth is exponential and I do see this taking off in the long-term, so sit tight! Revolution is coming. Keep a lookout for the next post when TenX tokens are distributed and when ads are available in Singapore.
https://brave.com/old707
submitted by older_many to u/older_many [link] [comments]

Daily analysis of cryptocurrencies 20191010(Market index 41 — Fear state)

Daily analysis of cryptocurrencies 20191010(Market index 41 — Fear state)

https://preview.redd.it/waoxpqkwcpr31.png?width=960&format=png&auto=webp&s=940a66b31f08378194cd275c19fc40fc3af2b8a9
https://preview.redd.it/dura57wwcpr31.png?width=1536&format=png&auto=webp&s=98f3a7e842503c858adea063d9a559a20ae6f624

UK Regulator Ramps Up Crypto Investigations And Considers KYC For Wallets The UK’s Financial Conduct Authority (FCA) has been relentlessly scrutinizing cryptocurrency startups and investigations are up 74% from 2018. Meanwhile, proponents of decentralized software development models and open collaboration are upset about the FCA aiming to extend KYC/AML regulations to the publication of Open source and zero-knowledge software.
Russia’s Central Bank Sees No Obvious Need To Issue National Cryptocurrency Russia’s Central Bank sees no obvious need to issue a national cryptocurrency, said head of the regulator Elvira Nabiullina speaking at the Finopolis forum of innovative financial technologies.
Telegram’s Upcoming GRAM Token Finds Support From Coinbase Custody American cryptocurrency exchange Coinbase seems to be heading towards expansion, following the addition of several cryptocurrencies to its network. In a recent update, the exchange has announced its intention of supporting messaging giant Telegram’s yet-to-be launched cryptocurrency, GRAM.
Alipay Reiterates Noninvolvement In OTC Market Of Cryptocurrency The security center of Alipay reiterated via its Weibo handle on Oct 10 that it would prohibit the use of Alipay in crypto trading on the OTC market. “If any of the trading activities were found to be associated with Bitcoin or other cryptocurrencies, we would stop providing with payment services immediately,” the announcement said. Alipay emphasized it would cancel business accounts involved in crypto trading. Individual accounts using Alipay to trade cryptocurrencies will be suffering from collection limitations either for a certain period of time or permanently depending on the actual circumstances. As previously reported by CoinNess.com, Binance announced the Chinese launch of its P2P trading service, with the slug-line, ‘anything that makes it easier to get crypto.’ Head honcho CZ later confirmed on Twitter the addition of fiat on-ramps via WeChat and Alipay. The claim made by Alipay seems to be a reply to CZ’s announcement about the “upcoming” new feature of fiat on-ramps through Alipay.

Encrypted project calendar(October 10, 2019)

INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11). TrueFeedBack (TFB): 10 October 2019 (or earlier) Application Release New version of TFB application and TFB bounty application. Sparkpoint (SRK): 10 October 2019 4rth Quarterly Burn SparkPoint ( SRK) will execute its 4rth quarterly burn on October 10, 2019. Insight Chain (INB): 10 October 2019 Mainnet Launch “The Mainnet for INB Public Blockchain Will be Launched on October 10.” Celer Network (CELR) and 4 others: 10 October 2019 Layer 2 Meetup Osaka “Join us at Layer 2 Meetup for fruitful networking, chilled atmosphere & sushi on October 10, 2019 during the DevCon in Osaka, Japan.” Cappasity (CAPP): 10 October 2019 Global Innovation Forum Cappasity presents at Osaka’s Global Innovation Forum in Osaka. ThoreNext (THX): 10 October 2019 Submission Last Date “$THX #THX Swap #Update Submission Last Date 10–10–2019”

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.” Aragon (ANT): 11 October 2019 Osaka DAO Party “We are excited to invite you to our @EFDevcon Aragon Dream DAO Party — DAICO Edition in Osaka on the evening of October 11th!” BitTorrent (BTT) and 1 othe: 11 October 2019 Airdrop “On October 11th 00:00 UTC we will initiate our ninth $BTT airdrop and reward TRON $TRX holders with 990,000,000 #BTT!” Zilliqa (ZIL): 11 October 2019 Dev Call “The Aztec Protocol team will be joining our 4th Dev Call this Friday at 2pm EST. We will be having interesting conversations about FOAM (FOAM): 11 October 2019 Osaka Happy Hour “Join FOAM and @3boxdb for a #DevCon Happy Hour in Osaka this Friday at Runway lounge.”

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th. BLAST (BLAST): 12 October 2019 (or earlier) Masternode & Assets “Masternode functionality and versionbits signalling for Assets will become active on the BLAST network at block height 1710000.”

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th.

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th.

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16. (CRYPTO): and 1 other 16 October 2019 Supply Chains Unblocked Supply Chains Unblocked in London from 9:30 AM — 6 PM. Binance Coin (BNB): 16 October 2019 Singapore Meetup “Bring your friends to come along with, & it will be FUN! With snacks and drinks.”

Encrypted project calendar(October 17, 2019)

Holo (HOT): 17 October 2019 Redgrid AMA “Join us for the AMA with RedGrid on October 17th. Submit your questions before the AMA on our Holochain Dev Forum.” IOST (IOST): 17 October 2019 Breeding Competition Ends “Join IOST 2nd Breeding Competition by @FishChainGame now! The competition only lasts till 17 Oct” Aragon (ANT): 17 October 2019 Seoul Meetup “You are invited to join @licuende for a meetup and presentation on ‘Aragon and DAOs: What’s next after ICOs and DeFi?’” Skycoin (SKY): 17 October 2019 NYC Skywire Meetup NYC Skywire Mainnet Meetup in NYC from 6–8 PM.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18. OKB (OKB): 18 October 2019 Rotterdam Meetup “Meet us in Rotterdam on 18 Oct as we partner up with Crypto010 Meetup to bring you a talk on ‘Decentralized Finance’.” HeartBout (HB): 18 October 2019 Android Version “18th of October 2019 will be officially released Android version of HeartBout app.” BTU Protocol (BTU): and 2 others 18 October 2019 Paris Blockchain Summit The event will gather major international key players of the Blockchain ecosystem including well-known influencers, investors, government…

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th DeepBrain Chain (DBC): 19 October 2019 (or earlier) Deploy Main Chain “Deploy Main Chain,” during the third week of October. General Event (CRYPTO): and 1 other 19 October 2019 Free State Blockchain “This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other…” PCHAIN (PI): 19 October 2019 Main Chain Voting “Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th.” Nash Exchange (NEX): 19 October 2019 Nash Anniversary Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.

Encrypted project calendar(October 20, 2019)

GameCredits (GAME): 20 October 2019 (or earlier) Mining Reward Drop GameCredits mining reward will be cut in half at block 2519999 (~October 20). This will be the 4th halvening of the GAME mining reward!

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th.

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.
https://preview.redd.it/kwx1zlfzcpr31.png?width=504&format=png&auto=webp&s=95ecc02a02a6b24d8ad27f27ceefec242bc9e065

Yesterday, we saw a minor downside correction in BTC below the $8,200 support area against the US Dollar. We also discussed a possible bounce as long as the price holds the $8,000 support area and the 100 hourly simple moving average. The price did stay above $8,000 and recently started a strong upward move. It is up more than 5% and surpassed the $8,350 resistance. Moreover, there was a break above the key $8,500 resistance area.
A new weekly high was formed near $8,691 and the price is currently consolidating gains. It corrected below the $8,600 level. However, the 23.6% Fib retracement level of the recent rally from the $8124 low to $8,691 high is acting as a decent support. Additionally, there is a short term breakout pattern forming with support near $8,540 on the hourly chart of the BTC/USD pair.
If there is a downside break below the $8,540 and $8,500 support levels, the price could extend its correction. The next key support is near the $8,400 level. Moreover, the 50% Fib retracement level of the recent rally from the $8124 low to $8,691 high is also near the $8,407 level. If there are any additional losses, the price may perhaps test the $8,350 support area (the recent key resistance).
Review previous articles: https://medium.com/@to.liuwen

Telegram: https://t.me/Lay126
Twitter:https://twitter.com/mianhuai8
Facebook:https://www.facebook.com/profile.php?id=100022246432745
Reddi:https://www.reddit.com/useliuidaxmn
LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
submitted by liuidaxmn to u/liuidaxmn [link] [comments]

Daily analysis of cryptocurrencies 20191126(Market index 21— Extreme Fear state)

Daily analysis of cryptocurrencies 20191126(Market index 21— Extreme Fear state)


The ECB Is Now Studying The Option Of Introducing A Digital Currency Benoit Coeure, member of the Executive Board of the European Central Bank (ECB), has said Europe must overcome its reliance on international payment providers. However, it is not the central bank’s job to come to the rescue and crowd out private sector initiatives. The ECB is now studying the option of introducing a digital currency, and this would have broader consequences for the banks. Coeure warned against the central bank crowding out private-sector players. The ECB recently introduced an instant payment system called TIPS for transactions between banks, but lenders have been slow to join and the scheme has not had a significant impact so far.
Former PBoC Head: China’s Digital Currency To Emphasize On Payment And Retail Usage According to a report, when it comes to whether global central banks will issue digital currency, ZHOU Xiaochuan, president of China Society for Finance and Banking and former head of the People’s Bank of China, believes that China will continue to adhere to the past path, emphasizing digital currency’s usage in the payment and retail. Big countries are very cautious when choosing technical directions at the currency level. If they go in the wrong direction, a crisis of trust may arise. China will emphasize digital currency’s payment function and maintain favorable technical support for the retail system. Based on this, it will gradually consider expanding the use of digital currency.
Thai Excise Department Will Devise A Blockchain Tax Refund System According to Bangkok Post, the Thailand Excise Department will devise a method to refund overpaid taxes to oil exporters in a manner that stems leakages, its chief says. The change in the tax refund practice will use blockchain, which the department plans to adopt by the middle of next year, said director-general Patchara Anuntasilpa. The blockchain-based tax payback system requires oil exporters to pay excise tax to the department and claim overpaid taxes after they ship the fuel, he said. The new technology will let the department inspect the tax payments thoroughly.
https://preview.redd.it/04531bnpj0141.png?width=504&format=png&auto=webp&s=eb342ad7ff8e0d75069e49a08f98a47f6bce5beb

Earlier this month, we discussed the chances of bitcoin hitting $7,400 and $6,500 against the US Dollar. BTC did decline heavily and recently tested the main $6,500 support area.
A new multi-month low was formed near $6,535 before the price started an upside correction. There was a strong recovery after the price surpassed the $6,750 resistance area. Besides, the price rallied more than 10% to climb above the $7,000 resistance.
More importantly, yesterday’s key bearish trend line was breached with resistance near $7,060 on the hourly chart of the BTC/USD pair. The pair even spiked above the 100 hourly simple moving average and tested the $7,350 resistance area.
A high was formed near $7,372 and bitcoin price is currently trimming gains. It traded below the $7,200 level. Additionally, there was a break below the 23.6% Fib retracement level of the recent wave from the $6,535 low to $7,372 high.
Review previous articles: https://medium.com/@to.liuwen

Encrypted project calendar(November 26, 2019)

BTU Protocol (BTU): and 1 other 26 November 2019 Blockchain & Friends “Blockchain & Friends brings together projects primarily from friends working on key account issues or ambitious start-ups.” Ontology (ONT); 26 November 2019 Russian AMA “Join us this Tuesday, Nov. 26 for #Ontology’s AMA with @binance Russia and Ukraine.” Ardor (ARDR); 26 November 2019 Barcelona Meetup “Blockchain and IoT: current adoption, challenges and opportunities — meetup in Barcelona.”

Encrypted project calendar(November 27, 2019)

OKB (OKB): 27 November 2019 OKEx Cryptour Vinnytsia “Join us in Vinnytsia as we journey through Ukraine for our OKEx Cryptour!” Fetch.ai (FET): 27 November 2019 London Meetup “Join us on 27 November @primalbasehq to hear an exciting progress report as we prepare for the launch of our #mainnet” Nebulas (NAS): 27 November 2019 AMA with Founder “Ask your questions on the Nebulas subreddit today & join the live AMA via Telegram on November 27th.” EDC Blockchain (EDC): 27 November 2019 Educational Workshop Educational workshop in Puerto Ordaz.

Encrypted project calendar(November 28, 2019)

Horizen (ZEN): 28 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. IOTA (MIOTA): 28 November 2019 London Meetup “Healthcare Professional Interest Network: Is AI the end of Healthcare?” meetup in London from 18:30–21:30 (GMT). Aeternity (AE): 28 November 2019 Vienna Workshop “Come learn more about AE’s functional language Sophia and layer-1 oracles and state channels.” Honest (HNST) and 1 other; 28 November 2019 Telegram AMA “Book your date for Honest Mining AMA with @vexanium, November 28th, 2019 on Honest Mining Telegram Group and Vexanium Telegram Group.” Waves (WAVES); 28 November 2019 AMA with Sasha Ivanov “This Thursday Nov 28 we’re hosting a live-streamed AMA with Sasha Ivanov to discuss where Waves stands and where we’re heading in 2020.”

Encrypted project calendar(November 29, 2019)

Zenon (ZNN): 29 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.” Tael (WABI); 29 November 2019 Founders AMA “Three days to go until our Founders #AMA, this Friday, hosted by @binance.”

Encrypted project calendar(November 30, 2019)

Ethos (ETHOS): 30 November 2019 (or earlier) Rebranding “In November, we unveil the broker token, a dynamic utility token to power our commission-free crypto trading and broker platform, Voyager.” Digitex Futures (DGTX): 30 November 2019 Public Testnet Launch “…We can expect to see the world’s first zero-commission futures trading platform live on the Ethereum public testnet from 30th November.” Monero (XMR): 30 November 2019 Protocol Upgrade “Preliminary information thread regarding the scheduled protocol upgrade of November 30.” Chiliz (CHZ): 30 November 2019 (or earlier) Fiat to CHZ Exchanges “We will add another two fiat to $CHZ exchanges in November…” Skrumble Network (SKM): 30 November 2019 (or earlier) P2P & Group Calling “P2P & Group Video Calling,” during November 2019. Aergo (AERGO): 30 November 2019 (or earlier) Mainnet 2.0 Upgrade Mainnet 2.0 Protocol update by end of November. Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.” Nash Exchange (NEX): 30 November 2019 (or earlier) Mobile Strategy Phase 2 “Phase 2 of our mobile strategy will be live soon with our wallet and portfolio app hitting stores in November!” Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.” Pakcoin (PAK): 30 November 2019 Staking Mobile App Android app for staklet is going to be launched on November 30th.

Encrypted project calendar(December 1, 2019)

Auxilium (AUX): 01 December 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity. I/O Coin (IOC): 01 December 2019 Pos Reward Halving IOC block reward halving is happening on December 1st 2019. ABBC Coin (ABBC) 01 December 2019 Migration Requests Start “Migration requests from the #AladdinPro Wallet will be accepted starting on December 1, 2019.”

Encrypted project calendar(December 2, 2019)

Bitcoin (BTC): 02 December 2019 CME Futures BTCX19 Bitcoin Futures Contract (BTCX19) settles on December 02, 2019. Waves (WAVES): 02 December 2019 Waves Exchange Launch “As of November 18, users will be able to import their accounts and seed phrases, and, on December 2, the new exchange will be launched.” BZLCOIN (BZL): 02 December 2019 New Website New website and pre-launch “Patron”. Decentraland (MANA): 02 December 2019 Creator Contest “Announcing the Creator Contest, from Dec 2–15. Submit your most creative interactive scenes for a share of $50k USD worth of prizes up.” Bitcoin (BTC); 02 December 2019 CME Futures BTCX19 Bitcoin Futures Contract (BTCX19) settles on December 02, 2019.

Encrypted project calendar(December 3, 2019)

Aeternity (AE): 03 December 2019 Sofia, Bulgaria Meetup “Come hear @noyyy and @em introducing the project, followed by talks by Karol Skočik, Juraj Hlista, and Stephan Verbücheln.” Quant (QNT) 03 December 2019 QuantX London Conference “QuantX is a half-day event being curated by Quant Network with an audience of 100 industry professionals from across the fintech…”

Encrypted project calendar(December 4, 2019)

Aeternity (AE) 04 December 2019 Sofia Hackathon “The next aeternity blockchain hackathon will be held in Sofia, Bulgaria, on December 4th, 2019!”

Encrypted project calendar(December 5, 2019)

OKB (OKB):05 December 2019 OKEx Cryptour Kyiv Ukr “Join us in Kyiv as we journey through Ukraine for our OKEx Cryptour!” Horizen (ZEN) 05 December 2019 Weekly Insider Team updates at 4:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(December 6, 2019)

TenX (PAY): 06 December 2019 COMIT Hackathon “The #hackathon will be held over the weekend of 6–8 Dec at the TenX HQ in Singapore.” Noah Coin (NOAH) 06 December 2019 Japan Roadshow — Sendai “As you know, we are organizing the trip to the cities of Japan in December.”

Encrypted project calendar(December 7, 2019)

Storm (STORM): 07 December 2019 Loyalty Program Registration for our fourth and last loyalty program will end on December 7th! MediBloc [ERC20] (MEDX): 07 December 2019 Token Swap Deadline “Please submit your swap before 7th of December 23:59(UTC+9).” OKB (OKB); 07 December 2019 OKEx Talks 2019 Calabar “Join us on 7 Dec for our first OKExTalks in Calabar, where we will be discussing ‘Digital Assets and Tokenization’.” Dash (DASH); 07 December 2019 Open House “.. Dash Core Group will be hosting the Dash Evolution Open House on Dec 7th… in Scottsdale, AZ, from 1pm to 5pm MST.” Noah Coin (NOAH); 07 December 2019 Japan Roadshow — Tokyo “As you know, we are organizing the trip to the cities of Japan in December.”

Encrypted project calendar(December 8, 2019)

Noah Coin (NOAH) 08 December 2019 Japan Roadshow — Nagoya “As you know, we are organizing the trip to the cities of Japan in December.”

Encrypted project calendar(December 10, 2019)

OKB (OKB) 10 December 2019 OKEx Talks — Rotterdam “Join us on 10 Dec to explore “Decentralized Finance” & the benefits & opportunities it presents.”. Newscrypto.io (NWC) 10 December 2019 (or earlier) Platform Redesign Updates: Brand new Landing page, New Trading Tools and Updated School Program. IOTA (MIOTA) 10 December 2019 Karlsruhe Meetup “Come learn about the IOTA technology! Dec 10 at 6PM CEST.” OKB (OKB) 10 December 2019 OKEx Talks — Rotterdam “Join us on 10 Dec to explore “Decentralized Finance” & the benefits & opportunities it presents.”. Newscrypto.io (NWC) 10 December 2019 (or earlier) Platform Redesign Updates: Brand new Landing page, New Trading Tools and Updated School Program.

Encrypted project calendar(December 11, 2019)

Waves (WAVES) 11 December 2019 Annual Meetup ‘See you in Berlin on December 11, 2019!” Cindicator (CND) 11 December 2019 Event for CND Ecosystem “New horizons of the CND ecosystem,” with “More details to be released” at 14:00 UTC. IOTA (MIOTA) 11 December 2019 Berlin Meetup “Join us for the “2019 recap & 2020 outlook” MeetUp, organized by IOTA & @iotashop.” Cosmos (ATOM) 11 December 2019 Cosmos Hub 3 Chain “Cosmonauts, buckle up & get ready for the hub upgrade to the Cosmos Hub 3 chain. A new proposed date is set for Dec 11 at…”

Twitter:https://twitter.com/mianhuai8
Facebook:https://www.facebook.com/profile.php?id=100022246432745
Reddi:https://www.reddit.com/useliuidaxmn
LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
submitted by liuidaxmn to u/liuidaxmn [link] [comments]

Daily analysis of cryptocurrencies 20191108 (Market index 42 — Fear state)

Daily analysis of cryptocurrencies 20191108 (Market index 42 — Fear state)

https://preview.redd.it/bxr2m8sh9hx31.png?width=1920&format=png&auto=webp&s=d60b296dbf0c3e4c771d05223fc4cab543bbf27a

Little-Known Asian Crypto Exchange VinDAX Got Hacked, Lost ‘Half A Million USD’ Worth Of Tokens Vietnam-based little-known cryptocurrency exchange VinDAX has been hacked, losing “half a million USD” worth of cryptocurrencies, The Block has learned. An admin of VinDAX’s official Telegram channel, with the handle “@VinDAXSupport” confirmed to The Block on Nov. 8 that it is “true” that the exchange got hacked and lost cryptocurrencies worth the amount. They said the breach took place “3 days ago.”
France’s Le Maire Sees Progress On ECB Digital Currency Next Year France’s Finance Minister Bruno Le Maire said on Friday (Nov 8) there could be progress next year on the feasibility of a digital currency backed by the European Central Bank (ECB), but acknowledged the plan was for the long term and faced challenges. He also told a news conference in Brussels that he backed proposals from Germany’s Finance Minister Olaf Scholz to link progress on an Europe-wide bank deposit guarantee scheme to banks’ reduction of their exposure to sovereign debt.
Blockchain White Paper (2019): China’s Application For Blockchain Patents Ranks First In The World According to CCTV news, the China Academy of Information and Communications Technology (CAICT) released the Blockchain White Paper (2019) in Beijing today, Nov 8. Citing statistics from the white paper, the number of applications for blockchain patents is currently over 18,000 across the globe, and China holds more than half of the total, ranking the first in the world. At present, 38% of blockchain enterprises are concentrated in cryptocurrency, and 23% of blockchain enterprises focus on the research and development of blockchain technology. The US, China and the UK are three countries that own most blockchain companies in the world.
Former PBoC Govenor: China’s Central Bank-Backed Digital Currency Will Focus On Domestic Market In a recent summit held in Beijing, former PBoC (People’s Bank of China) governor ZHOU Xiaochuan appeared and made comments. Here are the main points of him: 1.In a reply to the question “Whether PBoC launched a timetable for the release of digital currencies,” ZHOU said some mints once said a potential substitution of paper money can be digital currencies five years ago, but they didn’t discuss the possibility of applying blockchain or distributed ledgers in details; 2.Third-party payment plays an important role in China’s payment industry, which grows towards the e-payment, and develops rapidly. Blockchain and distributed ledgers are still in an early stage in China. And he also believes digital currency has not been employed widely by global countries with Libra breaking forth nothing but a concept; 3.ZHOU revealed that PBoC once brought in some seminars to introduce blockchain and distributed ledgers. Considering blockchain and distributed ledgers are more suitable for small transactions, PBoC chose two systems — bill business and trade financing to do trials; 4.People still have many doubts about the hosting of Libra such as how to confirm the amount of the reserve fund, whether a private Libra Association lacks public transparency, and whether this Association aims to profit form interests; 5.PBoC’s digital currency will focus on domestic China, especially in such areas as wholesale between the banking industry and the third-party payment industry. Theoretically, it can provide services to retails but potentially at the expense of exposing China’s financial industry to great shocks. So, the organization is very cautious about this. A united mechanism may be needed if PBoC is to provide cross-border remittance or investment with such technologies.
https://preview.redd.it/ka6b70ok9hx31.png?width=504&format=png&auto=webp&s=592098ccdff9a0e7f716d672df53861800c03c1e

In the past few hours, there was a steady decline in bitcoin from the $9,440 high against the US Dollar. The last swing high was near $9,374 before the price declined below the $9,300 support area.
Moreover, there was a close below the $9,300 support and the 100 hourly simple moving average. Finally, the price spiked below the $9,120 support area and traded as low as $9,084.
It is currently correcting higher above the $9,120 level. Additionally, it surpassed the 50% Fib retracement level of the recent decline from the $9,374 high to $9,084 low.
However, the price is facing a lot of hurdles on the upside near the $9,240 and $9,300 levels. More importantly, there is a major bearish trend line forming with resistance near $9,240 on the hourly chart of the BTC/USD pair.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th. IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08 TOP (TOP): 08 November 2019 Mainnet Launch “So excited to announce that on November 8th, TOP Network will officially launch the mainnet…” OKB (OKB): 08 November 2019 OKEx Talks — Valencia “Meet us at our next OKEx Talks in Valencia on 8 Nov with speaker Gustavo Segovia@sepu85 who will look at the benefits of creating Zenon (ZNN): 08 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.” Bytom (BTM): 08 November 2019 Keep Moving Conference “Bytom “Keep MOVing” conference will be held in Wuzhen World Conference. We will invite partners, core community members and devs to…” WAX (WAXP): 08 November 2019 Infinity Festival We’re at the Infinity Festival in LA this Friday, November 8th. Don’t miss Malcolm CasSelle speaking at this event on digital collectibles.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland. HTMLCOIN (HTML): 09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655. Harmony (ONE): 09 November 2019 Indian Meetups Come & meet us in person on November 9th in our meetups in Bangalore & New Delhi!

Encrypted project calendar(November 10, 2019)

Bibox Token (BIX): 10 November 2019 Bibox Summit “Bibox Summit 2019 — Maximizing Profit On Uptrend Season” from 1 PM — 5 PM (ITV) in Ho Chi Minh City. TRON (TRX): 10 November 2019 AMA w/Kucoin Co-founder “Join us on Nov 10, 6:00 PM(PST) for an AMA with TOP, Co-Founder of @kucoincom , in our English Telegram group…”

Encrypted project calendar(November 11, 2019)

PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference. Crypto.com Coin (CRO): and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore. GoldCoin (GLC): 11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…” Horizen (ZEN): 11 November 2019 (or earlier) Horizen Giveaway — Nodes Horizen Giveaway — Win Free Node Hosting! Entries before November 11th. SINOVATE (SIN): 11 November 2019 Roadmap V3 SINOVATE (SIN) Roadmap V3 will be released with new upcoming technologies and proof of concepts! 0x (ZRX): 11 November 2019 0x V3 Vote Ends “The voting period will end on November 11. Learn more about all the exciting features included in v3 below.” Akropolis (AKRO): and 4 others 11 November 2019 Kucoin Blockchain Day “KuCoin Blockchain Day Berlin 2019” from 5 PM — 9:15 PM (CET) in Berlin.

Encrypted project calendar(November 12, 2019)

BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13th Binance Coin (BNB) and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.” Aion (AION) and 17 others: 12 November 2019 The Capital The Capital conference from November 12–13 in Singapore. Loom Network (LOOM): 12 November 2019 Transfer Gateway Update “If you have a dapp that relies on the Transfer Gateway, follow the instructions below to make sure you’re prepared.” Kava (KAVA): 12 November 2019 Updated Mainnet Launch “Our updated mainnet launch will be on Tuesday November 12th at 14:00 UTC.” Crypto.com Coin (CRO): 12 November 2019 Telegram AMA Live AMA with CRO COO and Kucoin’s Global Community Manager on KuCoin’s official English Telegram channel at 16:00 (UTC+8). Chainlink (LINK): and 1 other 12 November 2019 NYC Meetup “Ontology + Future of Blockchain in China Meetup Presented by Chainlink” in NYC from 6:30 PM — 8:30 PM.

Encrypted project calendar(November 13, 2019)

Fetch.ai (FET): 13 November 2019 Cambridge Meetup “Join us for a@Fetch_ai #Cambridge #meetup on 13 November @pantonarms1.” Binance Coin (BNB) and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…” OKB (OKB): 13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov. Centrality (CENNZ): 13 November 2019 AMA Meetup “Ask our CEO@aaronmcdnz anything in person! Join the AMA meetup on 13 November in Singapore.” OKB (OKB): 13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET). Vexanium (VEX): 13 November 2019 Dapps Incentive Program Vexanium will give an incentive for every Dapps that is submitted during this program period. Egretia (EGT): 13 November 2019 Post Consensus Invest “2019 NYC Blockchain Gaming & DeFi Party | Post Consensus Invest” in NYC from 7–9 PM. Holo (HOT): 13 November 2019 AMA “Submit your questions before the #AMA on Nov 13th @ 5PM — 5:45PM UTC”

Encrypted project calendar(November 14, 2019)

BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th. Binance Coin (BNB): and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15. Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO @johnnyryan, as well as @UoE_EFI Horizen (ZEN): 14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. IOTA (MIOTA): 14 November 2019 Berlin Meetup From Construction to Smart City: IOTA, Maschinenraum & Thinkt Digital will explain, using concrete use cases, how to gain real value from.. Dash (DASH): 14 November 2019 Q3 Summary Call “Dash Core Group Q3 2019 Summary Call — Thursday, 14 November 2019” NEO (NEO): 14 November 2019 NeoFest Singapore Meetup “Glad to have@Nicholas_Merten from DataDash as our host for #NeoFest Singapore meetup on 14th Nov!” ANON (ANON): 14 November 2019 ANONIO Wallet Upgrade In conjunction with the Echelon Update, the ANONIO wallet will also be receiving an upgrade!

Encrypted project calendar(November 15, 2019)

TRON (TRX): 15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th” Bluzelle (BLZ): 15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019. Zebi (ZCO): 15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.” OKB (OKB): 15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.” Zenon (ZNN): 15 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”

Encrypted project calendar(November 16, 2019)

Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…” NEM (XEM): 16 November 2019 Developer’s Event “BLOCKCHAIN: Creation of Multifirma services” from 10:50 AM — 2 PM.

Encrypted project calendar(November 17, 2019)

OKB (OKB): 17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.

Encrypted project calendar(November 18, 2019)

Maker (MKR): 18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”

Encrypted project calendar(November 19, 2019)

Lisk (LSK): 19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”

Encrypted project calendar(November 20, 2019)

OKB (OKB): 20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!

Encrypted project calendar(November 21, 2019)

Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…” Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.” Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.” IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech. OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 22, 2019)

IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 27, 2019)

OKB (OKB): 27 November 2019 OKEx Cryptour Vinnytsia “Join us in Vinnytsia as we journey through Ukraine for our OKEx Cryptour!” Fetch.ai (FET): 27 November 2019 London Meetup “Join us on 27 November @primalbasehq to hear an exciting progress report as we prepare for the launch of our #mainnet”

Encrypted project calendar(November 28, 2019)

Horizen (ZEN): 28 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 30, 2019)

Ethos (ETHOS): 30 November 2019 (or earlier) Rebranding “In November, we unveil the broker token, a dynamic utility token to power our commission-free crypto trading and broker platform, Voyager.” Digitex Futures (DGTX): 30 November 2019 Public Testnet Launch “…We can expect to see the world’s first zero-commission futures trading platform live on the Ethereum public testnet from 30th November.” Monero (XMR): 30 November 2019 Protocol Upgrade “Preliminary information thread regarding the scheduled protocol upgrade of November 30.” Chiliz (CHZ): 30 November 2019 (or earlier) Fiat to CHZ Exchanges “We will add another two fiat to $CHZ exchanges in November…” Skrumble Network (SKM): 30 November 2019 (or earlier) P2P & Group Calling “P2P & Group Video Calling,” during November 2019. Aergo (AERGO): 30 November 2019 (or earlier) Mainnet 2.0 Upgrade Mainnet 2.0 Protocol update by end of November. Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.” Nash Exchange (NEX): 30 November 2019 (or earlier) Mobile Strategy Phase 2 “Phase 2 of our mobile strategy will be live soon with our wallet and portfolio app hitting stores in November!”

Encrypted project calendar(November 31, 2019)

Wanchain (WAN): 31 December 2019 (or earlier) Wanchain 4.0 Release Wanchain 4.0, which introduces private chains integration and multi-coin wallet, released in Dec 2019. QuarkChain (QKC): 31 December 2019 (or earlier) Token Testnet Release Testnet for Multi-Native-Token and New Consensuses.

Telegram: https://t.me/Lay126
Twitter:https://twitter.com/mianhuai8
Facebook:https://www.facebook.com/profile.php?id=100022246432745
Reddi:https://www.reddit.com/useliuidaxmn
LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
submitted by liuidaxmn to u/liuidaxmn [link] [comments]

Bitcoin (BTC) - When Will BTC Breakout? MORE DUMP FOR BITCOIN!? BTC charts TA Crypto price prediction, analysis, news, trading INSANE!! BITCOIN CHART MIGHT GET REKT?!! Crypto Analysis TA Today & BTC Cryptocurrency Price News BITCOIN READY TO MAKE ITS MNOVE!?!? BTC TA charts, Crypto price prediction, analysis, news, trading The Bitcoin Chart NO ONE Is Looking At (BTC CHARTS)

BITCOIN MACRO CHARTS PRIMED FOR BTC BULL MARKET. This post was published at Crypto Capital Venture. SHARE THIS. Previous post. Leave a Reply Cancel reply. Your email address will not be published. Required fields are marked * Comment. Name * Email * Website. Please enter the code. * Other Headlin