My reply to Cobra on Twitter: "We think differently that is for sure, because we understand the power of Satoshi's Vision, and the real Bitcoin. We are not here for shitcoins, ShamBitcoins, or scams and pump and dumps. We are here to change the world."
My reply to Cobra on Twitter: "We think differently that is for sure, because we understand the power of Satoshi's Vision, and the real Bitcoin. We are not here for shitcoins, ShamBitcoins, or scams and pump and dumps. We are here to change the world."
before you all come at me, even the older shibas saying "dogecoin is not a stock, blah blah, stop comparing it to fiat, 1 doge = 1 doge". Yes, I get it. Your 1 doge = 1 doge. Don't worry, that will never change. Anyway... It's not going to hit $1 any time soon. Don't expect it to even hit $1 in the near future. The big pump and dump everyone has been discussing is actually just a normal crypto spike that has been experienced through out the whole market. It wasn't tik Tok users. They might have brought attention, but they certainly did not create this huge rally we experienced. It was more like they just hopped on the rocket as opposed to actually building it from one tik Tok video. It did build hype and it did help push the spike higher than other cryptos. I'll admit that. I still laugh 😂 I'm sorry because I am cynical and I probably figure people are going to downvote this because they don't like hearing the truth. But I'll continue. With only less than 1000 people online on this subreddit, with tik Tok users moving on to the next thing, with all of twitter slowly forgetting about hashtag DOGECOIN!(except for the people that want to get rich and keep pushing it desperately). With all of this ..... You can see that there really is no big momentum to adopt dogecoin over any other crypto. In one way it introduced new people to crypto. But I'm sure once they are over the cringy memes of this subreddit as of lately they will realize, there are actually useful cryptos. And they'll move on to those. All this being said. 1 doge = 1 doge. But if you're waiting for 1 doge = 1$, make sure to leave it in your will for your children. I still laugh at the one meme on the front page saying 1doge = 3 Bitcoin one-day. Hahahahahahaha that's how you know this place is the best crypto subreddit. You guys are funny!
The next XVG? Microcap 100x potential actually supported by fundamentals!
What’s up team? I have a hot one for you. XVG returned 12 million percent in 2017 and this one reminds me a lot of it. Here’s why: Mimblewimble is like Blu-Ray compared to CD-ROM in terms of its ability to compress data on a blockchain. The current BTC chain is 277gb and its capacity is limited because every time you spend a coin, each node needs to validate its history back to when it was mined (this is how double spending is prevented). Mimblewimble is different - all transactions in a block are aggregated and netted out in one giant CoinJoin, and only the current spending needs to be verified. This means that dramatically more transactions can fit into a smaller space, increasing throughput and lowering fees while still retaining the full proof of work game theory of Bitcoin. These blockchains are small enough to run a full node on a cheap smartphone, which enhances the decentralization and censorship resistance of the network. The biggest benefit, though, is that all transactions are private - the blockchain doesn’t reveal amounts or addresses except to the actual wallet owner. Unlike earlier decoy-based approaches that bloat the chain and can still be data mined (XMR), Mimblewimble leaves no trace in the blockchain, instead storing only the present state of coin ownership. The first two Mimblewimble coins, Grin and Beam, launched to great fanfare in 2019, quickly reaching over $100m in market cap (since settled down to $22m and $26m respectively). They are good projects but grin has infinite supply and huge never-decreasing emission, and Beam is a corporate moneygrab whose founding investors are counting on you buying for their ROI. ZEC is valued at $568m today, despite the facts that only 1% of transactions are actually shielded, it has a trusted setup, and generating a confidential transaction takes ~60 seconds on a powerful PC. XMR is a great project but it’s valued at $1.2b (so no 100x) and it uses CryptoNote, which is 2014 tech that relies on a decoy-based approach that could be vulnerable to more powerful computers in the future. Mimblewimble is just a better way to approach privacy because there is simply no data recorded in the blockchain for companies to surveil. Privacy is not just for darknet markets, porn, money launderers and terrorists. In many countries it’s dangerous to be wealthy, and there are all kinds of problems with having your spending data be out there publicly and permanently for all to see. Namely, companies like Amazon are patenting approaches to identify people with their crypto addresses, “for law enforcement” but also so that, just like credit cards, your spending data can be used to target ads. (A) Coinbase is selling user data to the DEA, IRS, FBI, Secret Service, and who knows who else? (B) What about insurance companies raising your premiums or canceling your policy because they see you buying (legal) cannabis? If your business operates using transparent cryptocurrency, competitors can data mine your customer and supply chain data, and employees can see how much everyone else gets paid. I could go on, but the idea of “I have nothing to hide, so what do I care about privacy?” will increasingly ring hollow as people realize that this money printing will have to be paid by massive tax increases AND that those taxes will be directly debited from their “Central Bank Digital Currency” wallets. 100% privacy for all transactions also eliminates one HUGE problem that people aren’t aware of yet, but they will be: fungibility. Fungibility means that each coin is indistinguishable from any other, just like paper cash. Why is this important? Because of the ever-expanding reach of AML/KYC/KYT (Anti-Money Laundering / Know Your Customer / Know Your Transaction) as regulators cramp down on crypto and banks take over, increasingly coins become “tainted” in various ways. For example, if you withdraw coins to a mixing service like Wasabi or Samourai, you may find your account blocked. (C) The next obvious step is that if you receive coins that these chainalysis services don’t like for whatever reason, you will be completely innocent yet forced to prove that you didn’t know that the coins you bought were up to no good in a past life. 3 days ago, $100k of USDC was frozen. (D) Even smaller coins like LTC now have this problem, because “Chinese Drug Kingpins” used them. (E) I believe that censorable money that can be blocked/frozen isn’t really “your money”. Epic Cash is a 100% volunteer community project (like XVG and XMR) that had a fair launch in September last year with no ICO and no premine. There are very few projects like this, and it’s a key ingredient in Verge’s success (still at $110m market cap today despite being down 97% since the bubble peak) and why it’s still around. It has a small but super passionate community of “Freemen” who are united by a belief in the sound money economics of Bitcoin Standard emission (21m supply limit and ever-decreasing inflation) and the importance of privacy. I am super bullish on this coin for the following reasons:
Only $400k market cap
Supply started at zero, so there are no VC’s and team to dump on you into the pumps - all coins are mined into existence, just like Bitcoin.
It just had its first halving, reducing emission from 16 to 8 per block. Between now and 2028 there are FOUR (!) more halvings, from 4 to 2 to 1 and then finally 0.15 (I guess that would be an 85%-ing :p) and at this point the supply is the same as BTC and stays in sync forever until the last coin is mined in 2140. This simple supply curve is already accepted by the market as a winner, so why mess with success? (I)
Meets Andreas Antonopolous’ 5 pillars of open blockchains test: Public, Open, Borderless, Neutral, and Censorship Resistant. (How many coins can say this?)
Unlike Bitcoin, Epic created a multi-algorithm approach that enables people to mine on ordinary computers - 60% for CPU on RandomX, 38% for GPU on ProgPow, and 2% for ASIC’s on Cuckoo31+. The algorithms don’t compete with one another. This is essential for leveling the playing field and preventing massive farms from dominating. These percentages can change over time and new algorithms can be easily dropped in. You can mine today using an old laptop and in 5 years you will still be able to. Incidentally, there is nothing standing in the way of adding mobile phone-based mining, which ETN showed there’s a huge demand for.
Based off the excellent Grin codebase, which means they continue to pull in ongoing core code enhancements and focus on ease of use and market penetration instead. (Smart!)
Litecoin’s Charlie Lee is out there daily talking about their move to Mimblewimble, which provides free publicity. What people don’t realize is that you can’t just bolt on Mimblewimble to a legacy blockchain, that’s like putting a Ferrari engine into a school bus - it’s still a school bus, not a race car! LTC is doing it as an optional soft fork via “extension blocks” which will not be supported by all wallets and exchanges. Also, anyone using “optional” privacy features is declaring themselves to be suspicious, which kind of defeats the point for people who care about privacy.
The community is friendly and welcoming to new people coming in, with lots of helpful (independently created) tutorials and guides. (F)
It’s already a global phenomenon, with the whitepaper in 20+ languages (G) and (not bot-infested) active local-language communities on not only Telegram but also Wechat, LINE, QQ and other messenger platforms.
It’s only on two random little exchanges currently, Citex and Vitex. Vitex is actually a pretty good DEX with no KYC and a great mobile wallet.
They are very creative - since centralized exchanges want huge money to list, they created a non-inflationary ERC20 tracker token that’s exchangeable 1:1 for coins so that Uniswap trading is possible (H)
Because it doesn’t have a huge marketing budget in a sea of VC-funded shitcoins, it is as-yet undiscovered, which is why it’s so cheap. There are only 4 Mimblewimble-based currencies on the market: MWC at $162m, BEAM at $26m, GRIN at $22m, and EPIC at $0.4m. This is not financial advice and as always, do your own research, but I’ve been buying this gem for months and will continue to. This one ticks all the boxes for me, the only real problem is that it’s hard to buy much without causing a huge green candle. Alt season is coming, and coins like this are how your neighbor Chad got his Lambo back in 2017. For 2021, McLaren is a better choice and be sure to pay cash so that it doesn’t get repossessed like Chad!
A lesson that you can`t just throw in money in an unknown altcoin
EDIT June 14th: The plot thickens..... Seems like it might be Probit behind this scam? May 30th: goodbadidontknow was browsing his usual crypto tracker Coingecko while sipping on his tea. There is a section there called "Large movers" which let you know which coins/tokens have pumped most during the last 24 hours. In addition you find those who have dumped. goodbadidontknow saw a coin called Palace which had fallen 90% that day and thought to himself: There is no way that coin can fall further! In addition he went to the website of the project, and saw a roadmap with goals and everything. It was korean of course, so he couldnt understand a single word out of it. But the roadmap had pretty colours and stuff so he was intrigued. Plus the IEO they ran on Probit was priced at 20KRW, and the sale orders were at 0.5KRW that glorious day! goodbadidontknow deposited his Bitcoin to the unknown korean exhange it is listed on, Probit, bought up what was available for sale and the deed was done. Boats, hookers and fast cars here come to papa. You people that are selling for this cheap are suckers!! This is where he bought his coins goodbadidontknow came a little to his senses (after buying in pure FOMO of course) and tried to contact the founders on the website, but no answer. goodbadidontknow also discovered that there was no social media accounts on the project: no twitter page, no telegram. Where was goodbadidontknow suppose to talk to his soon-to-become-rich friends? June 13th: Palace have since fallen another 90% and goodbadidontknow is left with 10% of his investment. Volume was at $500k per day back when he bought, but have since dropped like crazy and is now at $2k per day. goodbadidontknow suddenly realize he was a victim of a wash trading scam. goodbadidontknow is still the sole subscriber to Palacetoken which he made himself and serve as a painful memory of his crypto adventures.
Constellation has 15 node operators and they get 20 MILLION DAG EACH per year! With average dag price last 12 months that's $280,000 per satsgang member per year and $4,200,000 total per year. Only 3-4 get paid for the tech contribution, but the rest that got this sweetheart deal from constellation are satsgang members for doing "marketing" on twitter being admins on telegram. On top of that, they get more payment for projects like making shitty amateur videos for dag. Satsgang are dumping hard on constellation bagholders and truly fuck them over. All this was admitted by constellation admins in their telegram group, but later deleted when they realized their blunder. Normy dag bagholders are getting so fucked over by these scammers. Most well-known satsGang members and their alt accounts are: Bitcoin Brown, Lucky, Headroom, RN03xx, Denny Da Rocket, papousse 47, Moonshot Josh, Steven Toast, Le Chiffre Rambo, Bazerka, FauxPho, Adouble212, Johny Zcash, Rufys, Tyler Durden, vito, Braggo, Jonny Reid, Bread Bongo, Johnny etc., but there are more. Satsgang members sit in a constellation advisory board and they get constant company-project secrets that they use to trade in the market. They are screwing the normie dag bagholders so hard over. Those normies must really enjoy getting constant assraped by those pnd scammers Why would anyone use a notorious pump and dump group for "marketing"? Satsgangs constant and vile asskissing for months truly paid off. When team is so desperate to get praised, then you know its time to fuck off. Normies pay attention dag scammers hiring satsgang pnd scammers and pay them millions of dollars to scam normies. With well over 20 million dag to satsgang each month, they are dumping HARD on the market to fund their other pump and dump operations. Thats a disaster for the normie constellation investors. They are getting REKT! constellation did a 12x when it was shilled here on biz, after satsgang twatters took over "marketing" getting paid millions of $, it's just gone to hell.
Chainlink is the most overvalued "cryptocurrency" the world has ever seen
There are 1,000,000,000 LINK tokens, which gives it a market cap of $3.2 billion. If you remove Tether, that would place it #6 as the most valuable "cryptocurrency". If you remove XRP, which is also not a cryptocurrency, it would place it #5. If you merge bitcoin forks, it would be #3, right under Ethereum. Its current position is #11 according to CoinMarketcap, but that's because 650,000,000 tokens are owned by the team. Those tokens are not locked, nor legally bound by any agreement to not be sold. In fact the team has already started dumping them. They are literally circulating by any technical or legal definition, but for some reason CoinMarketcap decides to mislead investors and say they are not circulating. (https://beincrypto.com/chainlink-team-accused-of-dumping-530-million-in-link-tokens-over-six-weeks/) The team promises in its whitepaper that half those tokens will be "rewards for nodes", but why would you trust the team? They've lied countless times. For example when they plaster in their marketing everywhere that their oracles are decentralized (they are not), Vitalik himself says so. The only "consensus algorithm" they use is to KYC each node manually. (https://web.archive.org/web/20200416103509/https://www.reddit.com/LINKTradecomments/fyxc23/whats_up_with_vitalik_constantly_bashing/fn35ae0/) They've also lied about many partnerships. For example, they've said several times that they work with Swift, which is not true. They won some Swift competition in 2016, and radio silence since then. They still claim to be working with Swift today, but they conveniently removed it from their website not long ago. (https://web.archive.org/web/20190820085402/https://chain.link/) They also claim to be working with Google, which is also a lie. They did 1 blog post 1 year ago, which was basically a thinly veiled ad for Google Cloud services. It was provably neither a partnership nor integration. The Google employee never even ran a node on mainnet. Yet the team constantly boasts about "working with Google". (https://web.archive.org/web/20190820085402/https://chain.link/) They did the same with Oracle Cloud. Fernando (the Oracle employee that organized the "partnership") bragged about holding LINK after it pumped, got demoted, and all the Oracle startups that were supposed to be part of the "partnership" turned out to be dead or fake companies. It was at best a PR stunt for Oracle Cloud, at worst insider trading by Oracle employees. (https://web.archive.org/web/20200114062507/https://twitter.com/fribeiro1/status/1213946909464973316) Chainlink has dozens of other "partnerships". I don't have time to investigate all of them, but all the ones I looked into were basically fake. (And by fake I mean they are grossly exaggerated, the tweets and blogposts are real) As of today, even though they are the highest valued non-bitcoin, non-ethereum cryptoccurency in the world, the only project using their centralized KYC oracles are Synthetix (according to someone from their team). (https://web.archive.org/web/20200416104122/https://www.reddit.com/Chainlink/comments/fdwaad/request_examples_of_apps_built_with_chainlink/fjkhsjv/) They apparently have countless big name companies "that will use Chainlink soon", but considering their testnet has been usable for close to 2 years, they have 1-2+ years old "partnerships" that are still not using it, and that their MO is to lie as much as humanly possible, I doubt it's true.
Time to cash out. Satoshi and other early hodlers may never get this chance again.
Here's why at Pierce & Pierce we believe those dormant early hodlers have become active again. and we're going to see more of those 2009 bitcoin addresses cashing out. From 2011 at least, Bitcoin had become a weapon used by the Chinese regime and their 'anarchist' frontmen to weaken the power of the dollar by using economic fallacies, conspiracy theories and old fashioned goldbuggery to convince the public the dollar was going to eventually collapse and die. They believe this collapse could be hastened if everyone dumped the dollar for crypto. Let's suppose for a moment that they weren't behind bitcoin in the first place and that they simply leapt on the opportunities it gave them. The CCP pumped resources (loans, factories, subsidized electricity) into dominating the hash power and mining machines. Eventually, they even found friends to run exchanges and created hundreds of shitcoins (including Tether) to bleed Westerners for several years. Now it's 2020 and the dollar has proven to be resilient even after a pandemic and worldwide recession. The dollar didn't weaken despite trillions of dollars being printed by Jpow. There wasn't a massive rush of real money into creepto coins and gold barely budged after all those new dollars came into circulation. The dollar is historically very strong and even Trump has switched from wanting to weaken the dollar to improve American exports (which would help businesses and consumers a lot) to being proud of a strong dollar (for geo-political reasons). The dollar isn't going anywhere and bitcoin is backed by more and more worthless Tethers. Those early bitcoin hodlers have seen their beliefs fail and are now beginning to make themselves known by moving coins and signing addresses. They need to start cashing out while there is still a chance and with so little real cash available in the cryptocurrency exchanges they will need to get whatever they can soon because something else is on the horizon. It's no secret that US sanctions targeting Chinese officials are being discussed presently. Despite round after round of trade negotiations, the US doesn't trust China will live up to its promises. The CCP has a history of deceit, ripping off western companies, ripping off western investors and won't give up its expansionist ambitions, even after losing so much respect worldwide because of COVID-19 and the treatment of Uighurs, Tibetans and now Hong Kongers. The CCP, being ideologically hardline, is unapologetic. Sanctions against Chinese officials won't work if China pursues its digital currency and blockchain ambitions. These technologies are being embraced by the regime to work their way around potential sanctions, similar to how North Korea has used bitcoin to continue to fund some operations and enrich officials. Last year Trump and Mnuchin signaled what they would need to do if trade talks failed, China didn't live up to their side of the deals, and if sanctions were needed. Trump said 'I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.... We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!' Mnuchin created a task force to look into what could be done to regulate cryptocurrencies and related crimes, such as evading sanctions. Could it be that bitcoin's earliest holders have now sensed what's up? They have not only seen that the dollar didn't collapse under mighty pressure, but they are also seeing the possibility that heavy handed global regulations could be put in place to ensure China doesn't evade sanctions by using bitcoin or other related technologies. Anything can happen, but there is a wide sense that the gig's up and it's time to make a dash for the exit. They can't cash out the millions of coins that were minted in the first couple of years but they will try to get whatever they can.
￼ ￼ Dogecoin surges to dizzying heights amid TikTok hype Oliver Knight July 9, 2020, 6:27 am Dogecoin, a longstanding staple of the cryptocurrency ecosystem, has been struck by a remarkably unexpected rally over the past 48-hours, with it now trading 82% higher against Bitcoin than it was two days ago. The meme-friendly digital asset, which was created as a joke in 2013, has emerged as a target for millions of TikTok users that claim it will rally all the way to $1. The #DOGE hashtag now has millions of posts on both TikTok and Twitter, with cryptocurrency exchanges responding by listing both futures and perpetual swap contracts of the cryptocurrency. This morning Binance revealed that as of tomorrow customers can trade Doge/USDT with up to 50x leverage. Bitfinex, meanwhile, announced that it will list MDOGE with a conversion rate of one million as it attempts to capitalise on the recent wave of hype. ￼ While a coin like Doge pumping unsustainably may seem like fun, investors should be wary about using leveraged products as it massively increases the risk of liquidation. To be clear, this is not financial advice but retail investors should be cautious about buying into an asset that has already made substantial gains on the back of a viral social media post, especially when Doge has been the recipient of a number of pump and dumps over the past two years. Looking at Dogecoin’s chart, the current level of 50 sats has been a historical point of support and resistance dating all the way back to 2015, which means price may be halted here unless another wave of volume comes in. For more news, guides and cryptocurrency analysis, click here. Update privacy choices
Guys and gals...I’ve been hanging around with my VeChain bag since VEN was about $0.30. I’ve accumulated at all different prices and ridden the waves up and down. Mainly down for the last two years. I had to detach emotion from it, at first it did get painful. Watching the price drop further every time I threw some money at it. The continued dumping of price after multi billion dollar partnership announcements (BMW, PWC, PBOC, etc) over and over again. It made no sense...I couldn’t follow the trend and dump it. The team was too good, and if they could pull off what they were trying to do it would be a masterpiece. So what did I do? You’re god damn right, I kept buying every opportunity I could. At this point I didn’t care what happened to the price short term, I was sold on the vision of what was to come.This was a two year minimum investment. With recent news out of China like the lifting of the bitcoin mining ban, the announcement of the importance of blockchain innovation, and so on, there seems to be something brewing now. All these China Government partnerships will be known soon by all. Price has almost doubled in a few weeks, volume ramping up, twitter mentions nearing ATH, people talking about VeChain whom never have before...they are beginning to see. Tomorrow a big announcement will come from China, it will be good news for VeChain. In January 900,000 enterprise and consumer wallets from DNVGL go live. Binance US just listed VET. Soon all of China will fomo into VET and the rest will follow. The pump is just getting started folks, strap the fuck in. It may not happen over night or it may who knows. But this bear market is over, we have officially broken out of the year plus downtrend, and the engines are started. 2020 is the year of the VET. Congrats to all the hodlers out there, don’t forget to take some profits on the way up. ALL ABOARD THE VETRAIN 🚂 🚀 🌚 A twitter thread of all medium articles published by the VeChain foundation regarding China. https://twitter.com/klentslogan/status/1192164850199187456?s=21
Apollo (APL) is a massive scam and you are all making the founder, Steve McCullah, rich
The Apollo Cryptocurrency
Apollo is the "all-in-one cryptocurrency" that has everything - smart contracts, sharding, the BEST privacy features, and more! They'll be sure to tell you all about Apollo's amazing features in their communities. Here's the only problem - it has absolutely none of those things right now and is all promises from a dev team that has not proven one bit of a competency yet. Their website is even built on Wix - but I'm sure they have the ability to make the great cryptocurrency anyone has ever seen like they say. Anyway.... Apollo is an NXT fork that lowered the block time down to 2 seconds. They have several other insignificant changes to the code (I'm talking seriously insignificant - like it changes nearly nothing) and will hail them as the greatest lines of code ever written, using big technical-sounding words to trick their extremely devoted, cult-like followers and mask what is essentially either:
An already existing feature of NXT with a different name
Changing a few lines in the code
So why is this an issue? There are plenty of cloned coins in crypto that claim to be the next best thing since sliced bread - so what's the issue with APL? Well there's a few. First, APL itself has been pumping parabolically recently and the APL team is fueling this pump as hard as possible. They are actively telling people word-for-word to load their bags now, we're going to be $1/APL soon (above Ethereum and Ripple in market cap) because we make them obsolete, and more. If you say anything about "if you made money on APL you should consider taking profits" or "the price has to correct after increasing like this" you will be IMMEDIATELY BANNED from their community, no questions asked. I'll go onto the Telegram next, but I need to mention that the founders have been verifiably dumping as much APL as they can during this pump on investors while continuing to fuel the buying with hype and fake news to keep this going for as long as possible. This isn't a surprise, as they already did this in the past: https://www.reddit.com/CryptoCurrency/comments/9m90il/proof_that_apollo_foundation_is_dumping_their_own/. Here are some APL Founder-held addresses if you'd like to watch them get rich in real-time: APL-4BUY-KK5W-B3KC-DMHBM and APL-NZKH-MZRE-2CTT-98NPZ
Now the Telegram. I could write a whole separate post just on this, but the APL Telegram group is the single most brainwashed group of people I have ever seen in crypto, and that's saying something because I've been in 100's of Telegrams. Saying ANYTHING - and I'm not kidding - ANYTHING - about the tech of APL (even asking a question about it), mentioning NXT, saying the word "fork", "dump", "sell" - the list goes on - will get you immediately banned. They ban so often that I've made a list of comments that got people banned so far: -"The price is up 700% in a week. I think I might take some profit in case it drops" -"Isn't the privacy of this coin exactly the same as NXT? Can someone explain how it is any better?" -"Why do you keep banning people for asking legitimate questions?" (followed up with response from an admin "These 'questions' are just FUD on NXT's tech...these people just want to see the project fail". - "How do you plan to implement sharding in Q1 when their is no code in the Github for it yet?" - "You guys think the privacy of this coin is really better than Monero?" Not only will you get banned. If you ask a question about the tech and get banned, the rest of the Telegram follows it up in the chat BY HAILING THE ADMINS like they are some sort of savant for saving them from the terribles FUDers. It is actually so ridiculous that I invite you, /cryptocurrency, to go see this for yourself. Ask a question - any question - about the tech of NXT - or really, just say anything that isn't "NXT TO THE MOON!". Just google the Telegram for the Apollo Community and see what goes on there for yourself.
The Founder: Steve McCullah
Now let's talk about the founder. I'm not even concerned if he was a scammer or not in the past, that's irrelevant. The concern is what he's doing right now. Besides clearly dumping coins, he is using the Telegram - which through banning all opposition to the project is essentially just a massive brainwashed hivemind that will do whatever the founder says - to pump the coin and swarm anyone who tries to pose any sort of legitimate argument against it with tons of people who act like they would die for this project. This has happenned at least 15+ times since yesterday in the Telegram. Here's a great example: https://imgur.com/a/09vUQo9 That is the FOUNDER of the project. His defense to criticism always has to do with the price/market cap of the project, usually followed with a vague promise about how some tech planned on the APL roadmap will pump APL more and destroy other cryptocurrencies. To see how well it works, read the comments of that tweet: https://twitter.com/lioryaffe/status/1087075217447546882 So this is bad, but then there's the fake news. The Founder CONSTANTLY publishes fake news to his massive army of shills to keep them buying and pumping the price of APL so he can dump on them. Here's an excellent example of this: https://imgur.com/a/eUCENY7 This one happened a few hours ago, and the APL Telegram is taking this news at face value, no questions asked, and talking about how Bitcoin is dead - that APL is new standard. They are eating news like this up as 100% fact. If you ask any questions about that news - what are the actual location, where are the news articles, etc - community turns on you and will call you names until an admin bans you. If an admin is there, you'll just get banned immediately. Seen it happen at least 10 times already with this one piece of news. The founder, when trying to defend this project, shills a few major points:
"3rd generation cryptocurrency" (as if forking NXT in 2018 magically makes this project better than all others),
Ultimate privacy (Guess what? It's not private at all! They use a coin scrammbler in the wallet- something which exists for bitcoin, ethereum, and many other coins - and claim that this makes their coin have the greatest privacy of any coin ever,
Decentralized file-storage (we all know storing files on the actual blockchain itself is essentially impossible, especially with NXT's tech - not that they even have any product out for this claim anyway. Don't worry, it's "coming soon" though)
Their coin "Forging" system - something already implemented by NXT that they have given a new name to
I don't even know what can be done at this point, or how to stop this machine from turning and making the founders rich. They already made several millions from dumping last time so they had the funds to hire John McAfee to shill the project this time around. The SEC should honestly be investigating the founder (Steve McCullah) and his practices, but I doubt that will happen. I'm not usually one to call out projects so harshly like this, but I feel terrible for the innocent people that are all going to get burned by the pump-and-dump happening now by holding their coins as the price drops into the ground. I invite you, reddit, to help spread the news and STOP SCAMS like this from plaguing the cryptocurrency space. If you have any suggestions of what we can do to stop projects like this, let me know as there are many people watching this project scam who feel helpless right now.
It's been about 6 months since this list was last updated, let's see if we can get to 101. Currently at 76. 1-Pushes his cat in a cat stroller 2 -Gets another man to change a lightbulb 3 -Rides around on a 9bot 4 -Choked on a shot of whiskey 5 -Complained about his drawn butter 6 -Makes homosexual jokes about co-workers 7 -Mocks people with speech impediments and/or disabilities 8 -Watched all Twilight and 50 Shades movies 9 -Drinks Champagne all year round 10 -Befriended a mouse that lives in bushes outside his house. Claims mouse had "little mouse hands". (credit thehotsister) 11 -Asks women if they like backdoor action 12 -Asks women when they started developing breasts 13 -Facetimes with an 8 year old girl regularly 14 -Likes to tell stories about his threesomes with another dude, not sure as if he recalls having a threesome with 2 females. (Chaka7511) (Terryballsonchin) 15 -Started wrestling boys around the same time he started masturbating, not sure as if he recalls wrestling a girl. (Chaka7511) 16 -Likes to befriend turtles. (rawdog87) 17 -Hates every popular thing for inexplicable reasons . (blueskynoise88) 18 -Lets ex girlfriend Duji walk all over him. (blueskynoise88) 19 -Has never exceeded 199.99 pounds. (blueskynoise88) 20 -Dislikes people that are passionate about stuff. (jt312) 21 -Once downed a tub of animal crackers over the course of one show. (ThrashemCatchem) 22 -Calls B2's dad for anything that involes tools. (qigger) 23 -Once picked up a hammer and was rushed to ER by B2mywife for a sliver that was undetectable with modern medical technology. (SnitzTheGoat) 24 -Doesn't feel comfortable eating chocolate covered bananas in public. (Sanity0004) 25 -Sprained his wrist while attempting to vacuum. Bought a Roomba instead. (DetroitLightningSF) 26 -Loves telling long stories about the shit ton of dippin dots he ate over weekend. (Subtle_OG) 27 -Has expressed interest in learning more about soccer. (liluzipurp) 28 -Likes to freeze his chocolate dusted nuts. Claims they are delicious. (jeffmoss262) 29 -Got married in swishy pants. (Triceratastic) 30 -Plays the flute. (notdongbobbler) 31 -Has wife pump gas when he's not in his Tesla, that he owns, because it's electric and thus doesn't need gas. (MrsHoose6) 32 -Was shot but fortunately the bullet only grazed him and didn't leave much of a scar. 33 -Rarely mentions this subreddit and says Reddit like he's unsure what it is. 34 -Deleted message board from his website and claims he doesn't read internet comments. 35 -Doesn't like to acknowledge the city that made him. Prefers "The City where the show is based" and sometimes "Up north here" 36 -Wears a "nail bracelet" that his wife gave him for "nailing her so good". (hspencer1) 37 -When Anderson Cooper comes up, Rover likes to mention at least 3 times that he really likes Anderson Cooper. 38 -Was once kidnapped by a large woman and possibly sexually assaulted, but not sure... 39 -Favorite insults are "What a doooosh" and "What a jacknut" 40 -Invites a tech expert on show to take calls, makes a joke suggesting the tech expert is a pervert, then proceeds to answer calls himself. 41 -Ahhbsessed with anal sex. Likes to tell every hookup girl the proper way to do it. LOTS OF LUBE! 42 -Shaves all of his body hair, including his anus. Hmm... 43 -Chose to travel the world with Charlie, whom he insists is a beta homosexual. Strange coincidence... 44 -Bought an orginal Star Trek outfit for over a thousand dollars. Says Game of Thrones fans are nerds. (jerichosway) (lucky917) 45 -Claims he has never told B2 his wife that he loves her. (SnitzTheGoat) 46 -Allegedly told Duji he loves her when they dated. 47 -Had sex with Duji for a decade. 48 -Married a girl out of his league, B2mywife, but seemingly prefers masturbating in bed while she sleeps instead of sex. 49 -Had B2 his wife assemble his grill. 50 -Never spoke on the phone with B2 his wife until they married. Later shocks his fans by admitting that he did in fact speak to her before the marriage. (hspcencer1) 51 -Talks to Duji on the phone every morning on his way to work. 52 -Made a sex tape with Duji. Ewww that is sick! 53 -Would send emails to Duji posing as his cat. 54 -Took time off work when his cat died. 55 -Found out his dad died on the air. Shrugged it off. 56 -Sent his Uber driver back to pick up his baseball cap. (CantLookAway99) 57 -Doesn't understand how Charlie and Snitz have so much time to watch netflix and hulu. Proceeds to watch 86 episodes of the Sopranos in 2 weeks. 58 -Watches every Oscar nominated movie to prepare for the Oscars, then spends two days gabbing all about it. 59 -Cried in bed next to Duji when he was allegedly dumped by a local news reporter. 60 -Makes fun of Rush Limbaughs fake radio voice, used to sound an awful lot like Rush Limbaugh. See Dieter vs Butterbean. 61 -Likes to interrupt people to correct their pronunciation. 62 -Likes to stop in the middle of an email to point out a misspelled word. 63 -Doesn't follow anyone on twitter. 64 -Doesn't recall if he was engaged to Duji. 65 -Doesn't have kids, but cut ones umbilical cord. 66 - Claims rock is dead and thus has no choice but to listen to Pink, Taylor Swift and Camila Cabello. Even had a Range Rover that only played Pink. (Cantlookaway99) (Chaka7511) (Dieterswig) 67 -According to one eye witness Rover was seen dancing on his boat to a Pink song. (Mtneer24) 68 -Comes up with painful and/or humiliating competitions for his underlings but never competes himself. 69 -Used to pick up chicks by pretending to be an australian actor, complete with accent and his black friend Tyrone playing the part of bodyguard. 70 -Had an indian friend Patel, says he smelled of curry and didn't even know it. 71 -Said the girls of Babymetal were hot, not realizing they were 12-14 at the time. 72 -Thinks Track Jackets and Hurley hats are cool. 73 -Can not say the word "podcast" without immense disdain. 74 -His show is always #1 when an affiliate drops him. 75 -Handles criticism by talking louder than caller, then claiming said caller hung up. 76 -Says he was #1 before JLR and will be #1 after JLR. Most viewed youtube clip is JLR. 77 -Drinks La Croix. Update 2.0 78 -Wrestles with co-workers 9 year old girl 79 -Plays mysterious "sleeping monster" game with co-workers 9 year old girl 80 -Kicked out of Auschwitz for squeaky shoes 81 -Says Cindy on The Brady Bunch was "the hot one" 82 -Called his co-workers morons for jumping on the Bitcoin bandwagon while secretly investing himself (calipiterseverywhere) 83 -Hosted illegal warehouse parties during his rebellious teenage flute playing years. (BigGulpsx) 84 -Wears hoodies in the summer. Too Alpha for AC. (chongo11) 85 -Lost wedding ring playing in the snow with ex-girlfriends daughter (chongo11) 86 -Asks for an opinion, proceeds to explain how opinion is wrong, just wrong! (NwoNW) 87 -Approves of a rejoin shitting on other shows for doing lists, proceeds to do 1-2 lists per show. (NwoNW) 88 -Gets tour bus with his face plastered all over it to get the show more exposure, then hides bus in secluded parking lots. (jeffmoss262) 89 -Wants gun regulations for people with mental health issues. Lost his shit when his ex-girlfriend went on a date. (PeterMEWL) 90 -Wore zippers fashioned into a jacket in Paris. (Fartboxboy4life) 91 -Shits on Dieter for keeping his girlfriend now wife secret. Was in secret relationship with Duji for a decade. (Fartboxboy4life) 92 -Gets an upset tummy when he drinks beer. Going to Germany for Oktoberfest. 93 -Frequent emergency bowel movements and avoidance of B2 suggests leaky butt and explosive diarrhea, possibly from a stretched/weakened sphincter. (DeeJayShawDay) 94 -Has spent entire segments arguing over the correct pronunciation of Maybach. 95 -Is pro eugenics 96 -Explained away a pile of tissues next to his bed as being the result of so much sex with B2mywife. 97 -Laughs at JLR for getting a prostitute. Brags about dating a porn star. 98 -Flooded the engine of his sport suv by driving through a puddle (sandiegotaco) 99 -Still claims he's never told his wife that he loves her but is sure to tell her how much he appreciates her everyday. (Roger4Pres) 100 -Has pictures of co-workers 9 year old daughter all over his workcenter. (Roger4Pres) 101 -Rover during his teenage years of running from cops and banging chicks left and right. https://imgur.com/gallery/MzRS0h4 (DeeJayShawDay) 102 -Claims he can throw a baseball 75+ mph but on the day he was going to prove it his wrist starting hurting. (Roger4Pres) 103 -Claims he has a friend. What's more, this friends name is "Crank" and Rover talks to him about once a year. (Roger4Pres) 104 -Became an expert in mental health after working in a mental hospital for 1 year, but doesn't like to mention this more than once every 3 hours. (mos661) 105 -Is sure to let every black celebrity he interviews know that he had a single mother and they were poor when he was growing up in Vegas. (mos661) 106 -Made his wife quit her job to “help” with all of his business. Does not pay her anything, then bitches when she wants something. “B2 is looking for a new car, well I guess I’m getting a new car cuz I’m paying for it” (hspencer1) 107 -Made the decision to become a soccer fan at the age of 42 and immediately flew to London to watch a game. Not interested in Cleveland sports teams or even acknowledging they exist. 108 -Somehow grew up poor despite his parents being a doctor and a lawyer. 109 -Loves gabbing about his non-processed diet. Goes to Dairy Queen at least once a week with some little girl. 110 -Once spent an entire segment bitching at Charlie for using a day and a half of vacation time. Meanwhile, Rover is going to Europe for 3rd or 4th vacation this year. 111 -Will CANCEL your RMG+ membership if you bitch about RMG+. Gained Legendary Alpha status as a result. (hspencer1) 112 -When he walks around the block by his house he is always traveling uphill. It is currently unknown how he achieves this seemingly impossible feat. (multiple mentions) 113 -Was surpised by the speed of a turtle he tried to catch. 114 -Won't push a shopping cart or carry out leftovers as these are the job of a woman. (hspencer1) 115 -Has his 93 pound wife drag the garbage cans to the curb. (hspencer1) 116 -Has B2 deal with handymen that do work around the house so he can pretend he's too busy to fix things himself. 117 -Suggests he's going to fire Duji for her poor news reading skills on a daily basis for close to 20 years. 118 -Had a marker thrown in his face by Duji. Promised to get back at her one day. This was around 2015. 119 -Continues to do a poor impersonation of JLR despite universal hatred for it. 120 -Kept quiet while Gene Simmons treated him like a little bitch. 121 -Said Rob was a horrible person for denying he was the father of a child. Rover continues to deny he has any kids despite spending all his time with one that looks just like him. 122 -According to a recent poll, Rover is the second least liked person on his own show. This might explain why Duji is still around. 123 -Says everything on Reddit is a lie. Everything on this list is a verifiable fact except a few that are more speculation. 124 -Says "Iced" instead of "fired" 125 -Says "The hiv" instead of "HIV" 126 -Instead of coming up with entertaining radio bits he prefers to spend his time working on the technical side of the show like the "WIRES!" and the broken video player that is RMGTV. Too full of himself to hire a professional. (johnclevohio) 127 -Instead of simply calling it "the news" he insists on calling it "the shizzy, the news" (moss661) 128 -Went to a sex club and got serviced by some hot chick but can’t quite recall any of the details (NwoNW) 129 -Says a little bit of JLR goes a long way. Fans say hire JLR full time and get him in the studio. 130 -Claims he is lifting 30lb dumbbells, could easily prove it but chooses not to. 131 -Takes a girl he claims he's not the father of to "Daddy daughter dances" 132 -Was enraged when he learned Snitz was making 1 to 10 dollars a week on Twitch. Says fans were only donating that money because of his RMG fame. 133 -At 5 years old he experienced a lifetime of adventures. 134 -Made his wife cry when she bought the wrong candy bars for Halloween. 135 -Befriended an insect, possibly a silverfish, that lived in a hole in his shower. (zdriver7) 136 -Flew First Class while his wife rode coach. (zdriver7) 137 -Is so dedicated to putting on a good show that he arrives a full minute before the show goes live. Only arrives late 1-3 times a month. 138 -Shits on Bob and Tom for fake laughing but acts oblivious to Duji's incredibly fake and annoying laughing. 139 -Promised a 10 year retrospective. 10 years ago. 140 -Allegedly gave Duji a six figure payout when they broke up. 141 -Frequently inquires about the age of Snitz's daughters. 142 -Rates his wife a 7. Also rates Duji a 7. 143 -Asked a guest if his sons were "well hung" 144 -Made his wife cry by taking 30 seconds to make reservations at a restaurant (LarryJarocque) 145 -Complained for years about pain in the tip of his penis. Was cured by a finger up his butt. (LarryJarocque) 146 -Frequently shows up to work with a white substance on his lips (LarryJarocque) 147 -Was spotted in the wild wearing these https://imgur.com/a/FVMlwhg (Roger4Pres) (notdongbobbler) 148 -Says Americans are fat and stuff their faces with Doritos and cheeseburgers all day. Is fat and stuffs his face with animal crackers. 149 -Buys a million dollar bus to tour the country and go to all the big events. Goes to something called Spiedie Fest instead. A festival dedicated to cubed chicken in a bun... 150 -Blocked his door with a heavy old typewriter so he could have his virginity taken without interruption. (NwoNW) 151 -Chose not to get his wife anything for their first anniversary. 152 -Has special wipes for his oily eyelids. 153 -Only buys the douchiest of vehicles. Ranger Rovers, Teslas and possibly a G-wagon soon. 154 -Isn't comfortable drinking tap water because it runs through pipes while recognizing the fact that bottled water also runs through pipes. (jtr489) Any suggestions not added means they're most likely covered already.
STREAMIES - Anonymous, Decentralised and Uncensored Cryptocurrency
STREAMIES - Anonymous, Decentralised and Uncensored Cryptocurrency
Anonymous, Decentralised and uncensored https://preview.redd.it/yozqzhzp5ge41.png?width=702&format=png&auto=webp&s=1dda6dd6c57ec1abd9d65349eb650698f8fa5060 People like me, who have missed out buying Bitcoin when it was in 3 digits, now can buy A new awesome cryptocurrency, for a small price . Life does gives second chances, but you can not make the same mistakes twice, well you obviously can, but then you will have to live with your choices. In a new paradigm of crypto economics, the most important and critical function is the ability to store and exchange our digital assets in a secure manner. Centralized exchanges have been proven to be unreliable and insecure, often hacked or abused. We believe that in order to advance the mass adoption of crypto, a new architecture must be introduced to enable secure and direct peer-to-peer value exchange. The true philosophy of blockchain is to eliminate the need of middleman and to enable transactions without having to place trust in third parties. Personally, as a cryptocurrency enthusiast and adopter, I love investing in secure platforms and networks. People will realize that cryptocurrency is not a “bubble”; instead, it is a channel for massive unmet demand for private, sound money. I'm talking about the real strength of a coin, not a pump and dump scheme or a Copycat-Masternode-Shitcoin. In fact, it’s the increasing use in real life that de facto includes an increase in its value (supply and demand law). But for a coin to be used, it must have a purpose and meets a need.
What is Streamies?
Streamies is a cryptocurrency that can be used for such things as streaming movies, music, live shows and much more within the wallet itself. It is a decentralised, anonymous and secure platform. No government or platform owner can tell you what to stream or to do with your live feed! Every seed, masternode and online wallet will function as a server to host and stream your content.
Stream, Watch, Talk, Anonymous to everyone and anyone.
Streamies is decentralised and cannot be stopped or controlled by 1 person or platform.
Streamies does not censor any of the content you want to share.
Stream Real Life, Video's, Music, Games and more. Chat, Create your own emotes, set price per hour in streamies. Moderate your chat and viewers, Kick, Ban etc. Set your Title, select your category, set your price per hour and much more.
Chat with the streamer, other viewers, tip. donate and more. Search by category, price and name of the streamer etc. You will have the option to browse between categories, sort on price amount of viewers kind of content and more.
Streamies has no rules and is anonynamous decentralised and secure. This means that you decide what you broadcast or watch. There is no " Owner" or someone to tell you what to you can or cannot broadcast. The Streamer is the owner of his or her channel and decides. So its up to you !
The economic incentive to host Masternodes MN are essential for the running of some cryptocurrencies such as DASH and QBIC. Users that host MN are rewarded for their work through the daily provision of freshly mined coins which have a value determined by the market. Miners are also rewarded with freshly mined coins. In this system, all users that provision the network are incentivised towards the goal of maintaining the network so users of the coin can enjoy its benefits. This model works well when the price, and thus the value, of the MN and the coins, are stable or on the rise. The Streamis project will break technical barriers holding back investors from adding these passive income generating assets to their portfolios. MN and POS.
Want to start fresh after the crypto crash? Here is a comprehensive guide on how to invest and prosper over the long term.
Well its happened, the crypto market just experienced the worst crash since 2014, the bubble has burst. The idiocy of newbies FOMO-ing into anything with low nominal value lead to endless twitter timelines like this, and now nobody has any idea where the market settles. What do you do now? In the following weeks it will be a good time to rethink your investment approach and how you arrive at your decisions. Just buying whatever is shilled on Twitter or Reddit and jumping from one crypto to another isn't going to work like it did these last two months. The good news is that we're finally back closer and closer to our long term moving average which is much more healthy for entrants, the bad news is that the fear might continue compounding if outstanding issues are not dealt with. Tether is the big concern for me personally for reasons I've stated many times, but some relief in the short term may come if the SEC and CFTC meeting on February 6th goes well. Nobody really knows where the bottom is but I think we're now past the "irrational exhuberance" stage and we're entering a period of more serious inspection where cryptos will actually have to prove themselves as useful. I suspect hype artists like CryptoNick and John McAfee will fall out of favor. But perhaps most importantly use this as a learning experience, don't try to point fingers now. The type of dumb behavior that people were engaging in that was rewarded in a bull market (chasing pumps, going all in on a shillcoin, following hype..etc) could only ever lead to what we are experiencing now. Just like so many people jumped on the crypto bandwagon during the bull run, they will just as quickly jump on whatever bandwagon is to be used to blame for the deflation of the bubble. Nobody who pumped money into garbage without any use case will accept that they themselves with their own investing behavior were the real reason for the gross overvaluation of most cryptocurrencies, and the inevitable crash. So if you're looking for a fresh start after the massacre (or just want to get in now), here is a guide:
Part A: Making a Investment Strategy
This is your money, put some effort into investing it with an actual strategy. Some simple yet essential advice that should apply to everyone, regardless of individual strategy:
Slow down and research each crypto that you're buying for at least a week.
Don't buy something just because it has risen.
Don't exit a position just because it has declined.
Invest only as much as you can afford to lose.
Prepare enter and exit strategies in advance.
First take some time to think about your ROI target, set your hold periods for each position and how much you are actually ready to risk losing. ROI targets A lot of young investors who are in crypto have unrealistic expectations about returns and risk. A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 5-10% ROI in a month to be unexciting. But its important to temper your hype and realize why we had this exponential growth in the last year and how unlikely it is that we see 10x returns in the next year. What we saw recently was Greater Fool Theory in action. Those unexciting returns of 5-10% a month are much more of the norm, and much more healthy for an alternative investment class. You can think about setting a target in terms of the market ROI over a relevant holding period and then add or decrease based on your own risk profile. Example: Calculating a 2 year ROI target Lets say you want to hold for 2 years now, how could you set a realistic target to strive for? You could look at a historical 2 year return as a base, preferably during a period similar to what we're facing now. Now that we had a major correction, I think we can look at the two year period starting in 2015 after we had the 2014 crash. To calculate a 2 year CAGR starting in 2015:
Total Crypto Market Cap
Jan 1, 2015:
Jan 1, 2017:
Compounded annual growth return (CAGR): [(18/5.5)1/2]-1 = 81% This annual return rate of 81% comes out to about 4.9% compounded monthly. This may not sound exciting to the lambo moon crowd, but it will keep you grounded in reality. You can aim for a higher return (say 2x of that 81% rate) if you choose to take on more risky propositions. I can't tell you what return target you should set for yourself, but just make sure its not depended on you needing to achieve continual near vertical parabolic price action in small cap shillcoins because that isn't sustainable. Once you have a target you can construct your risk profile (low risk vs. high risk category coins) in your portfolio based on your target. Risk Management Everything you buy in crypto is risky, but it still helps to think of these 3 risk categories:
Core holdings - This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. The Coinbase pairs (Bitcoin, Litecoin and Ethereum) are in this class of risk, and I would also argue Monero.
Medium Risk Speculative - These would be cryptos which generally have a working product and niche, but higher risk than Core. Things like ZCash and Ripple, relatively established history but still uncertainty over long term viability.
High Risk Speculative - This is anything created within the last few months, ICOs, low caps, shillcoins...etc. Most cryptos are in this category.
How much risk should you take on? That depends on your own life situation for one, but also it should be proportional to how much expertise you have in both financial analysis and technology. The general starting point I would recommend is:
50-70% for newbies in Low Risk Core, then you can go down to 30% as you gains confidence and experience
Always try to keep at least a 1/3rd in safe core positions
Don't go all in on speculative picks.
Some more core principles on risk management to consider:
Diversify across sectors and rebalance your allocations periodically.
Consider using dollar cost averaging to enter a position. This generally means investing a X amount over several periods, instead of at once. You can also use downward biased dollar cost averaging to mitigate against downward risk. For example instead of investing $1000 at once in a position at market price, you can buy $500 at the market price today then set several limit orders at slightly lower intervals (for example $250 at 5% lower than market price, $250 at 10% lower than market price). This way your average cost of acquisition will be lower if the crypto happens to decline over the short term.
Don't have more than 5-10% of your net worth in crypto.
Have the majority of your holdings in things you feel good holding for at least 2 years. Don't use the majority of your investment for day trading or short term investing.
Remember you didn't actually make any money until you take some profits, so take do some profits when everyone else is at peak FOMO-ing mode.
Have some fiat in reserve at a FDIC-insured exchange (ex. Gemini), and be ready to add to your winning positions on a pullback. This should be part of your entry strategy.
Consider what level of loss you can't accept in a position with a high risk factor, and use stop-limit orders to hedge against sudden crashes. Set you stop price at about 5-10% above your lowest limit. Stop-limit orders aren't perfect but they're better than having no hedging strategy for a risky microcap in case of some meltdown. Only you can determine what bags you are unwilling to hold.
You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm), but also its own inherent risk specific to its own goals (Ri). Rt = Rm +Ri The market risk is something you cannot avoid, it is essentially the risk that is carried by the entire market over things like regulations. What you can minimize though the Ri, the specific risks with your crypto. That will depend on the team composition, geographic risks (for example Chinese coins like NEO carry regulatory risks specific to China), competition within the space and likelihood of adoption and other factors, which I'll describe in Part 2: Crypto Picking Methodology. Portfolio Allocation Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. OnChainFX has some segment categorization but I generally like to bring it down to:
Think about your "Circle of Competence", your body of knowledge that allows you to evaluate an investment. Your ability to properly judge risk and potential is going to largely correlated to your understanding of the subject matter. If you don't know anything about how supply chains functions, how can you competently judge whether VeChain or WaltonChain will achieve adoption? If you don't understand anything about the tech when you read the Cardano paper, are you really able to determine how likely it is to be adopted? Consider the historic correlations between your holdings. Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down. You should diversify but really shouldn't be in much more than around 12 cryptos, because you simply don't have enough competency to accurately access the risk across every segment and for every type of crypto you come across. If you have over 20 different cryptos in your portfolio you should probably think about consolidating to a few sectors you understand well.
Part B: Crypto Picking Methodology (Due Dilligence)
Do you struggle on how to fundamentally analyze cryptocurrencies? Here is a 3-step methodology to follow to perform your due dilligence:
Step 1: Filtering and Research
There is so much out there that you can get overwhelmed. The best way to start is to think back to your own portfolio allocation strategy and what you would like to get more off. For example in my view enterprise-focused blockchain solutions will be important in the next few years, and so I look to create a list of various cryptos that are in that segment. Upfolio has brief descriptions of the top 100 cryptos and is filterable by categories, for example you can click the "Enterprise" category and you have a neat list of VEN, FCT, WTC...etc. Once you have a list of potential candidates, its time to read about them:
Critically evaluate the website. If it's a cocktail of nonsensical buzzwords, if its unprofessional and poorly made, stay away. Always look for a roadmap, compare to what was actually delivered so far. Always check the team, try to find them on LinkedIn and what they did in the past.
Read the whitepaper or business development plan. You should fully understand how this crypto functions and how its trying to create value. If there is no use case or if the use case does not require or benefit from a blockchain, move on.
Check the blockchain explorer. How is the token distribution across accounts? Are the big accounts selling? Try to figure out who the whales are (not always easy!) and what the foundation/founder account is based on the initial allocation.
Look at the Github repos, does it look empty or is there plenty of activity?
Search out the subreddit and look at a few Medium or Steem blogs about the coin. How "shilly" is the community, and how much engagement is there between developer and the community?
I would also go through the BitcoinTalk thread and Twitter mentions, judge both the length and quality of the discussion.
You can actually filter out a lot of scams and bad investments by simply keeping your eye out on the following red flags:
allocations that give way too much to the founder
guaranteed promises of returns (Bitcooonnneeeect!)
vague whitepapers filled with buzzwords
vague timelines and no clear use case
Github with no useful code and sparse activity
a team that is difficult to find information on
Step 2: Passing a potential pick through a checklist
Once you feel fairly confident that a pick is worth analyzing further, run them through a standardized checklist of questions. This is one I use, you can add other questions yourself:
Crypto Analysis Checklist
What is the problem or transactional inefficiency the coin is trying to solve?
What is the Dev Team like? What is their track record? How are they funded, organized?
How big is the market they're targeting?
Who is their competition and what does it do better?
What is the roadmap they created and how well have they kept to it?
What current product exists?
How does the token/coin actually derive value for the holder? Is there a staking mechanism or is it transactional?
Is there any new tech, and is it informational or governance based?
Can it be easily copied?
What are the weaknesses or problems with this crypto?
The last question is the most important. This is where the riskiness of your crypto is evaluated, the Ri I talked about above. Here you should be able to accurate place the crypto into one of the three risk categories. I also like to run through this checklist of blockchain benefits and consider which specific properties of the blockchain are being used by the specific crypto to provide some increased utility over the current transactional method:
Benefits of Cryptocurrency
Decentralization - no need for a third party to agree or validate transactions.
Transparency and trust - As blockchain are shared, everyone can see what transactions occur. Useful for something like an online casino.
Immutability - It is extremely difficult to change a transaction once its been put onto a blockchain
Distributed availability - The system is spread on thousands of nodes on a P2P network, so its difficult to take the system down.
Security - cryptographically secured transactions provide integrity
Simplification and consolidation - a blockchain can serve as a shared ledger in industries where multiple entities previously kept their own data sources
Quicker Settlement - In the financial industry when we're dealing with post-trade settlement, a blockchain can drastically increase the speed of verification
Cost - in some cases avoiding a third party verification would drastically reduce costs.
Step 3: Create a valuation model
You don't need to get into full modeling or have a financial background. Even a simple model that just tries to derive a valuation through relative terms will put you above most crypto investors. Some simple valuation methods that anyone can do: Probablistic Scenario Valuation This is all about thinking of scenarios and probability, a helpful exercise in itself. For example: Bill Miller, a prominent value investor, wrote a probabilistic valuation case for Bitcoin in 2015. He looked at two possible scenarios for probabalistic valuation:
becoming a store-of-value equal to gold (a $6.4 trillion value), with a .25% probability of occurring
replacing payment processors like VISA, MasterCard, etc. (a $350 million dollar value) with a 2.5% probability
Combining those scenarios would give you the total expected market cap: (0.25% x 6.4 trillion) + (2.5% x 350 million). Divide this by the outstanding supply and you have your valuation. Metcalfe's Law Metcalfe's Law which states that the value of a network is proportional to the square of the number of connected users of the system (n2). So you can compare various currencies based on their market cap and square of active users or traffic. We can alter this to crypto by thinking about it in terms of both users and transactions: For example, compare the Coinbase pairs:
Daily Transactions (last 24hrs)
Active Addresses (Peak 1Yr)
Metcalfe Ratio (Transactions Based)
Metcalfe Ratio (Address Based)
Generally the higher the ratio, the higher the valuation given for each address/transaction. Market Cap to Industry comparisons Another easy one is simply looking at the total market for the industry that the coin is supposedly targeting and comparing it to the market cap of the coin. Think of the market cap not only with circulating supply like its shown on CMC but including total supply. For example the total supply for Dentacoin is 1,841,395,638,392, and when multiplied by its price in early January we get a market cap that is actually higher than the entire industry it aims to disrupt: Dentistry. More complex valuation models If you would like to get into more fleshed out models with Excel, I highly recommend Chris Burniske's blog about using Quantity Theory of Money to build an equivalent of a DCF analysis for crypto. Here is an Excel file example of OMG done by Nodar Janashia using Chris' model . You should create multiple scenarios with multiple assumptions, both positive and negative. Have a base scenario and then moderately optimistic/pessimistic and highly optimistic/pessimistic scenario. Personally I like to see at least a 50% upward potential before investing from my moderately pessimistic scenario, but you can set your own safety margin. The real beneficial thing about modelling isn't even the price or valuation comparisons it spits out, but that it forces you to think about why the coin has value and what your own assumption about the future are. For example the discount rate you apply to the net present utility formula drastically affects the valuation, and it reflects your own assumptions of how risky the crypto is. What exactly would be a reasonable discount rate? What about the digital economy you are assuming for the coin, what levers affects its size and adoption and how likely are your assumptions to come true? You'll be a drastically more intelligent investor if you think about the fundamental variables that give your coin the market cap you think it should hold.
Summing it up
The time for lambo psychosis is over. But that's no reason to feel down, this is a new day and what many were waiting for. I've put together in one place here how to construct a portfolio allocation (taking into consideration risk and return targets), and how to go through a systematic crypto picking method. I'm won't tell you what to buy, you should always decide that for yourself and DYOR. But as long as you follow a rational and thorough methodology (feel free to modify anything I said above to suit your own needs) you will feel pretty good about your investments, even in times like these. Edit: Also get a crypto prediction ferret. You won't regret it.
Which type of curren(t) do you want to see(cy)? An analysis of the intention behind bitcoin(s). Part 3
Part 1 Part 2 So I have been subbed to /bitcoin since it had less than two thousand subs but haven't posted there in years. I think I took a break from researching bitcoin to take a foray into the world of conspiracy around 2014 and only got back in to it around the beginning of 2017 but with a bit of sense of skepticism and cynicism about everything. I think I returned to /bitcoin around that time but there had been a rift that had emerged in the community between those that said that bitcoin was censoring any discussion around big blocks but then also just censorship in general. This lead to the formation of /btc which became the main spot for big blockers to gather to talk about protocol development. Following the fork of Bitcoin Cash and SegWit (BTC) in August 2017 the camps were further divided when the fence sitters were denied their SegWit2x compromise. Many from the fence sitters then deferred back to the incumbent bitcoin as citing muh network effect, liquidity, and hashpower while some who felt betrayed by the failure of getting S2X through went to support BCH for some attempt at on chain scaling rather than through pegged side chains or Lightning Network. Bitcoin cash initially went with a modest doubling of the blocksize to 2MB but implemented some other features like a new more rapidly adjusting difficulty algorithm to protect themselves against hashpower fluctuations from the majority chain. In about July of that year I had seen what I potentially thought was someone LARPing on /biz/ but screencapped, that segwit2x which was scheduled for november 2017 would be called off and then hashpower would switch to BCH causing congestion and chain death spiral on BTC and BCH would pump massively. I was partial to the idea as the game theory and incentives on a big block bitcoin should attract miners. About a month after SegWit2x was indeed called off while the BTC blockchain was hugely congested, BCH went through a violent pump reaching 0.5 BTC/BCH on a European exchange called Kraken while it also pumped ridiculously on American exchange coinbase. Shortly afterwards the market took a giant dump all over those people who bought the top and it has since retraced to roughly 30:1 or so now. After that pump though BCH kind of gained some bagholders I guess who started to learn the talking points presented by personalities like Roger Ver, Jihan Wu, Peter Rizun and Amaury Sechet. Craig S Wright by this time had been outed as Satoshi but had in 2016 publicly failed to convince the public with the cryptographic proof he provided. To which he later published the article I don't have the courage to prove I am the bitcoin creator. In essence this allowed many to disregard anything he offered to the crypto community though his company nChain was very much interested in providing the technical support to scale what he saw as the true implementation of bitcoin. Following debate around a set of planned protocol upgrades between a bitcoin node implementation by his company nChain and the developers of another client Bitcoin ABC (adjustable block cap), the two parties both dug their heels in and wouldn't compromise. As it became clear that a fork was imminent there was a lot of vitriol tossed out towards Wright, another big billionaire backer Calvin Ayre and other personalities like Roger Ver and Jihan Wu. Craig's credibility was disregarded because of his failure to provide convincing cryptographic proof but still people who wanted to pursue the protocol upgrades that nChain were planning (as it best followed their interpretation of the bitcoin white paper) pursued his variant, while others who followed the socia consensus deferred to the positions of their personalities like Wu, Ver, and Sechet but even developers from Ethereum and other protocols chimed in to convince everyone that CSW is a fraud. This was referred to as the hash war and was the first time that the bitcoin protocol had been contentiously hard forked. Hashpower is the CPU cycles you can commit to the Proof of Work function in bitcoin and the majority will generate the longest chain as they have the most proof of work. To win the contentious hard fork legitimately and make sure your chain will always be safe going forward you need to maintain your version of the blockchain with 51% of the hashpower on the network and force the other parties to continue to spend money on building a blockchain that is never going to be inserted in to the majority chain. As well as this you need to convince exchanges that you have the majority chain and have them feel safe to accept deposits and withdrawals so that they don't lose money in the chaos. This is how it would play out if both parties acted according to the rules of bitcoin and the Nakamoto Consensus. There was a lot of shit talking between the two parties on social media with Craig Wright making a number of claims such as "you split, we bankrupt you" "I don't care if there is no ability to move coins to an exchange for a year" and other such warnings not to engage in foul play.. To explain this aftermath is quite tedious so It might be better to defer to this video for the in depth analysis but basically Roger Ver had to rent hashpower that was supposed to be mining BTC from his mining farm bitcoin.com, Jihan Wu did the same from his Bitmain Mining Farm which was a violation of his fiduciary duty as the CEO of a company preparing for an IPO. In this video of a livestream during the hashwar where Andreas Brekken admits to basically colluding with exchange owners like Coinbase, Kraken (exchange Roger Ver invested in), Bitfinex and others to release a patched ABC client to the exchanges and introducing "checkpoints" in to the BCH blockchain (which he even says is arguably "centralisation") in order to prevent deep reorgs of the BCH blockchain. >"We knew we were going to win in 30 mins we had the victory because of these checkpoints that we released to a cartel of friendly businesses in a patch so then we just sat around drinking beers all day". By releasing a patched client that has code in it to prevent deep reorgs by having the client refer to a checkpoint from a block mined by someone who supported BCHABC if another group of hash power was to try to insert a new chain history, this cartel of exchanges and mining farm operators conspired in private to change the nature of the bitcoin protocol and Nakamoto Consensus. Since the fork there have been a number of other BCH clients that have come up that require funding and have their own ideas about what things to implement on the BCH chain. What began to emerge was actually not necessarily an intention of scaling bitcoin but rather to implement Schnorr signatures to obfuscate transactions and to date the ABC client still has a default blocksize of 2MB but advertised as 16MB. What this demonstrates for BCH is that through the collusion, the cartel can immediately get a favourable outcome from the developers to keep their businesses secure and from the personalities/developers to work on obfuscating records of transactions on the chain rather than scaling their protocol. After the SegWit fork, many from the BCH camp alleged that through the funding to Blockstream from AXA and groups that tied to the Bilderbergs, Blockstream would be beholden to the legacy banking and would be a spoke and hub centralised model, so naturally many of the "down with central banks anarcho capitalist types" had gathered in the BCH community. Through these sympathies it seems that people have been susceptible to being sold things like coin mixing and obfuscation with developers offering their opinions about how money needs to be anonymous to stop the evil government and central banks despite ideas like Mises’ Regression Theorem, which claims that in order for something to be money in the most proper sense, it must be traceable to an originally non-monetary barter commodity such as gold. What this suggests is that there is an underlying intent from the people that have mechanisms to exert their will upon the protocol of bitcoin and that if obfuscation is their first priority rather than working on creating a scalable platform, this demonstrates that they don't wish to actually be global money but more so something that makes it easier to move money that you don't want seen. Roger Ver has often expressed sentiments of injustice about the treatment of Silk Road found Ross Ulbricht and donated a large amount of money to a fund for his defence. I initially got in to bitcoin seeking out the Silk Road and though I only wanted to test it to buy small quantities of mdma, lsd, and mescaline back in 2011 there was all sorts of criminal activity on there like scam manuals, counterfeits, ID, Credit Card info, and other darknet markets like armoury were selling pretty crazy weapons. It has been alleged by Craig Wright that in his capacity as a digital forensics expert he was involved with tracing bitcoin that was used to fund the trafficking of 12-16 year olds on the silk road. There have been attempts at debunking such claims by saying that silk road was moderated for such stuff by Ulbricht and others, but one only has to take a look in to the premise of pizza gate to understand that there it may be possible to hide in plain site with certain code words for utilising the market services and escrow of websites like the silk road. The recent pedo bust from South Korea demonstrates the importance of being able to track bitcoin transactions and if the first thing BCH wanted to do after separating itself from Satoshi's Vision and running on developer and cartel agendas was to implement obfuscation methods, this type of criminal activity will only proliferate. Questions one must ask oneself then are things like why do they want this first? Are some of these developers, personalities and cartel businesses sitting on coins that they know are tarnished from the silk road and want to implement obfuscation practices so they can actually cash in some of the value they are unable to access? Merchants from the silk road 1 are still being caught even as recently as this year when they attempted to move coins that were known to have moved through the silk road. Chain analytics are only becoming more and more powerful and the records can never be changed under the original bitcoin protocol but with developer induced protocol changes like Schnorr signatures, and coinjoin it may be possible to start laundering these coins out in to circulation. I must admit with the cynicism I had towards government and law enforcement and my enjoying controlled substances occasionally I was sympathetic to Ross and donated to his legal fund back in the day and for many years claimed that I wouldn't pay my taxes when I wanted to cash out of bitcoin. I think many people in the space possess this same kind of mentality and subsequently can be preyed upon by people who wish to do much more in the obfuscation than dodge tax and party. Another interesting observation is that despite the fact that btc spun off as a result of censorship around big block scaling on bitcoin, that subreddit itself has engaged in plenty of censorship for basically anyone who wants to discuss the ideas presented by Dr Craig Wright on that sub. When I posted my part 2 of this series in there a week ago I was immediately met with intense negativity and ad hominems so as to discourage others from reading the submission and my post history was immediately throttled to 1 comment every 10 mins. This is not quite as bad as cryptocurrency where my post made it through the new queue to gather some upvotes and a discussion started but I was immediately banned from that sub for 7 days for reason "Content standards - you're making accusations based on no evidence just a dump of links that do nothing to justify your claims except maybe trustnodes link (which has posted fabricated information about this subreddit mods) and a Reddit post. Keep the conspiracy theories in /conspiracy" My post was also kept at zero in bitcoin and conspiracy so technically btc was the least censored besides C_S_T. In addition to the throttling I was also flagged by the u/BsvAlertBot which says whether or not a user has a questionable amount of activity in BSV subreddits and then a break down of your percentages. This was done in response to combat the "toxic trolls" of BSV but within bitcoincashSV there are many users that have migrated from what was originally supposed to be a uncensored subreddit to discuss bitcoin and many such as u/cryptacritic17 has have switched sides after having been made to essentially DOXX themselves in btc to prove that they aren't a toxic troll for raising criticisms of the way certain things are handled within that coin and development groups. Other prominent users such as u/jim-btc have been banned for impersonating another user which was in actual fact himself and he has uploaded evidence of him being in control of said account to the blockchain. Mod Log, Mod Damage Control, Mod Narrative BTFO. Interestingly in the comments on the picture uploaded to the blockchain you can see the spin to call him an SV shill when in actual fact he is just an OG bitcoiner that wanted bitcoin to scale as per the whitepaper. What is essentially going on in the Bitcoin space is that there is a battle of the protocols and a battle for social consensus. The incumbent BTC has majority of the attention and awareness as it is being backed by legacy banking and finance with In-Q-Tel and AXA funding blockstream as well as Epstein associates and MIT, but in the power vaccum that presented itself as to who would steward the big block variant, a posse of cryptoanarchists have gained control of the social media forums and attempted to exert their will upon what should essentially be a Set In Stone Protocol to create something that facilitates their economic activity (such as selling explosives online)) while attempting to leverage their position as moderators who control the social forum to spin their actions as something different (note memorydealers is Roger Ver). For all his tears for the children killed in wars, it seems that what cryptoanarchists such as u/memorydealers want is to delist/shut down governments and they will go to any efforts such as censorship to make sure that it is their implementation of bitcoin that will do that. Are we really going to have a better world with people easier able to hide transactions/launder money? Because of this power vacuum there also exists a number of different development groups but what is emerging now is that they are struggling for money to fund their development. The main engineering is done by self professed benevolent dictator Amaury Sechet (deadalnix) who in leaked telegram screen caps appears to be losing it as funding for development has dried up and money raised in an anarchist fashion wasn't compliant with laws around fundraising sources and FVNI (development society that manages BCH development and these donations) is run by known scammer David R Allen. David was founder of 2014 Israeli ICO Getgems (GEMZ) that scammed investors out of more than 2500 Bitcoins. The SV supported sky-lark who released this information has since deleted all their accounts but other users have claimed that sky-lark was sent personal details about themselves and pictures of their loved ones and subsequently deleted all their social media accounts afterwards. There are other shifty behaviours like hiring Japanese influencers to shill their coin, recruiting a Hayden Otto that up until 2018 was shilling Pascal Coin to become a major ambassador for BCH in the Australian city of Townsville. Townsville was claimed to be BCH city hosting a BCH conference there and claiming loads of adoption, but at the conference itself their idea of demonstrating adoption was handing a Point of Sale device to the bar to accept bitcoin payments but Otto actually just putting his credit card behind the bar to settle and he would keep the BCH that everyone paid. In the lead up to the conference the second top moderator of btc was added to the moderators of townsville to shill their coin but has ended up with the townsville subreddit wanting to ban all bitcoin talk from the subreddit. Many of the BCH developers are now infighting as funding dries up and they find themselves floundering with no vision of how to achieve scale or get actual real world adoption. Amaury has recently accused Peter Rizun of propagandising, told multiple users in the telegram to fuck off and from all accounts appears to be a malignant narcissist incapable of maintaining any kind of healthy relationship with people he is supposed to be working with. Peter Rizun has begun lurking in bitcoincashSV and recognising some of the ideas coming from BSV as having merit while Roger has started to distance himself from the creation of BCH. Interestingly at a point early in the BCH history Roger believed Dr Craig Wright was Satoshi, but once CSW wouldn't go along with their planned road map and revealed the fact he had patents on blockchain technology and wanted to go down a path that worked with Law, Roger retracted that statement and said he was tricked by Craig. He joined in on the faketoshi campaign and has been attempted to be sued by Dr Wright for libel in the UK to which Roger refused to engage citing grounds of jurisdiction. Ironically this avoidance of Roger to meet Dr Wright in court to defend his claims can be seen as the very argument against justice being served by private courts under an anarchocapitalist paradigm with essentially someone with resources simply being able to either flee a private court's jurisdiction or engage a team of lawyers that can bury any chances of an everyday person being able to get justice. There is much more going on with the BCH drama that can be explained in a single post but it is clear that some of the major personalities in the project are very much interested in having their ideals projected on to the technical implementation of the bitcoin protocol and have no qualms spouting rhetoric around the anti-censorship qualities of bitcoin/BCH while at the same time employing significant censorship on their social media forums to control what people are exposed to and getting rid of anyone who challenges their vision. I posit that were this coin to become a success, these "benevolent dictators" as they put it would love their new found positions of wealth/dominance yet if their behaviour to get there is anything to go by, would demonstrate the same power tripping practices of censorship, weasel acts, misleading people about adoption statistics and curating of the narrative. When the hashrate from Rogers bitcoin.com minging operation on BCH dropped dramatically and a lot of empty blocks were being mined, his employer and 2IC moderator u/BitcoinXio (who stepped in to replace roger as CEO) was in the sub informing everyone it was simply variance that was the reason when only a few days later it was revealed that they had reduced their hash power significantly. This is not appropriate behaviour for one of the primary enterprises engaged in stewarding BCH and encouraging adoption nor is the inability to be accountable for such dishonest practices as well. It seems bitcoin.com treats btc as their own personal spam page where Roger can ask for donations despite it being against the sub rules and spin/ban any challenge to the narrative they seek to create. Let's see how the censorship goes as I post this around a few of the same places as the last piece. Stay tuned for the next write up where I take a deep dive in to the coin that everyone doesn't want you to know about.
As the saying goes, there’s no such thing as bad publicity. That old phrase is once again proving true, as search queries for Bitcoin spike following Bitcoin has spent the best part of this week in a declining channel as it grinds lower towards $7k. A brief flurry of activity in late trading yesterday. Bitcoin has spent the best part of this week in a declining channel as it grinds lower towards $7k. A brief flurry of activity in late trading yesterday. Scandals in the Bitcoin space like the theft of $460 million from the Mt. Gox exchange platform in 2014, pump-and-dump schemes, misleading cryptocurrency ads, and the use of cryptocurrency for Bitcoin Analysis. 1840 entries. News. 10 entries. Polls. 6 entries While pump-and-dump scams typically target new ICOs, more established cryptocurrencies, like bitcoin and ethereum, are also vulnerable to manipulation via misinformation. In June, ethereum lost billions of dollars from its market capitalization after rumors of its creator's death began circulating on 4chan, the anonymous messaging board famous
Is Bitcoin the "Ultimate Pump and Dump"? I am a retired financial planner, sold my business in 2005 and traveled the word. In December 2014 Nita and I lost our daughter Shannon to cancer to cancer ... Aslamo-Ala-Kum Friends IN This bitcoin trading tutorial i explain what is bitcoin pump and dump and how to avoid loss in bitcoin's sudden dump and pump i also explain what are fake pumps and dumps ... The Twitter hack caused all cryptocurrencies to drop in value. ... The current price of Bitcoin is at $9,087.84 down 1.10% ... COMP (Warning) Pump and Dump - Bitcoin Today [June 25th 2020 ... Bitcoin is showing pump and dump scenario as the price reaches the key level. Looked through Weekly and Monthly CPR we have many obstacles before actually breaking out. We did also found a Weekly ... The current prices of Bitcoin is at $9,172.07 down 3.81% The current prices of Ethereum is at $231.31 down 4.81% The current prices of EOS is at $2.48 down 2.10%