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Idea | Tip Nano to creators
Hey guys, my name is Tolik and I'm new to Nano. I would like to tell you a bit about myself, and then about some ideas that I would like to share with you :) I'm a content creator form Israel, and I have about 65k subscribers over my 3 channels. I'm also the first Israeli partnered on Twitch and been doing that for 8 years now. Had a lot of fun with it for the first few years, playing my favorite games and earning good money, and eventually burning out hating the game that got me all my following. Our (Israeli) community exploded on youtube, but to make the most of it you need to make mindless trendy content, playing trendy and pretty childish games. I did that for a while, but it was too hard for my mind and I ended up burning out hard stepping away for a long while. Back in 2013 I first stumbled upon the world of crypto and realized the potential of the blockchain and the implementation of that technology in our world. Not enough to buy enough to get rich, but I never even considered that it could get to the volumes it got to now. In 2017 when it exploded, I realized I had some leftover coins from 2013-14 and cashed out a few thousand dollars, with the pain it could have been millions if I was a little more aware. Oh Well. A few years ago, I got into the world of self-development and got a new perspective on life. Doing only what I love and grooming a small but good community on youtube, not caring about trends, views, and money in my pocket. A few days ago, a colleague of mine started to promote some unknown coin to his child viewers, basically, the premise is a coin that you could mine on your phone. Immediately I had some red flags popping off my mind, especially because he promoted some shady CSGO gambling sites that I didn't even want to look into. He of course had his promotion code for registering to the gambling site, and using the mentioned crypto (downloading the app). If you can mine it on your phone, what would stop you using an expensive setup and just dominate the market? The fact that he advertised it as a get rich scheme, and the fact that it's a referral pyramid network, does not seem safe. After looking into it I did not see any promise, especially after I found so many altcoins with big communities that his crypto didn't have, information that did not add up, and a bunch of weird stuff going on. Because I started researching the crypto world (after so many years not being aware of what happened to it), youtube started suggesting me videos about it, one of them was u/SonderDev 's nanoPaint (Sorry I made SpongeBobs eye red) and started doing some research on nano and the technology. For 3 days I devoured all the info I can, reading most of the posts here on reddit, and joining on Discord and TG. I again felt that butterfly feeling in my gut, the one I felt so many years ago when I found out about bitcoin (and some other rare occasions). So much potential, and I kind of feel I am already late to the party, and yet, my mind can't stop thinking about what is possible. Now to the good stuff! Donations(tips) to streamers and content creators were always a huge part of our revenue. But we had a lot of problems with it - High fees, making small donations pretty much impossible, and the fear of someone charging you back and having you pay the fees for every donation that got charged back. I had someone give me about $2k for the span of two months with small donations, ended up charging all that money back, and having me pay $10 for each of his donations, even if they were under that amount. PayPal is pretty crazy. Also, If you consider something like Patreon (a monthly donation for a project or a creator you like for benefits) they also charge extra for their fee, and people can still charge you back, even though they will handle it, you still give them the benefits. Twitch takes a huge cut for subscribers (user pays $4.99 and I get as little as $1.70) and youtube are getting about 30% for their cut. See where I'm going with this? As proof of concept, a simple donation website/app could be made. You send the creator any amount of nano, it pops up on the screen for everyone to see. People would love the idea to impact the stream with as little money the creator allows. That would start up a conversation, people would start seeing the technology in action, how fast and feeless everything is going. Not to mention an integrated service could be made that is similar to delegate.it (allows users to do tasks for nano/fiat) in this instance, the tasks could be - follow the creator on Twitter, Instagram, like his posts and whatever else he decides, and it could be cheap, because people would be doing it to pop up on stream and help the creator, not for the actual fiat amount of the nano given. killing 3 birds with one stone. Promoting nano, allowing everybody a voice to a degree they choose, and promoting himself to his viewers. If this works, we could either go to one of the 2 biggest platforms (StreamLabs and StreamElements (who are Israeli and I know the 2 founders personally)) and they would integrate it to their already build system, or develop something to solely promote nano. We could reach out to smaller streamers that have small dedicated communities, not many donations and revenue coming in and allow them to use our system to promote their content and interact with their viewers. A few more ideas I have in mind for a project like that: For the donations (tips) • Having different donation alerts for different QR codes that you scan. Similarly to what NanoPaint accomplishes, we could have a different QR code to scan for an alert that the user chooses to show up. • Coloring the Camera frame - similarly to NanoPaint, drawing pixels on the frame of the camera of the streamer, changing it in real-time for nano. • Having text to speech for the alert • Have your donation impact the streamer in AR (putting something on his face or head). Crowd Funding • Donation goal that will make a purchase only if it gets there - setting up an X day goal to buy a new GPU for example, and having people contribute to it, and if it's reached, it automatically makes the order from amazon or wherever (having the data safe with our service), and if it's not - fully refunding the users. It could be a daily goal for pizza or whatever they choose. It will allow integration with businesses that would work with us. • Stream goals - if we get to X Nano this stream, 24 hour stream tomorrow! If we won't, get your nano back! Would encourage people to participate even if they are not sure the goal will be met, have the assurance that the full amount would be refunded if it did not get there. • Challenges - starting a bounty challenge, for example, have an Ace in CSGO (kill all 5 enemies) and get X amount of nano. If you didn't, money goes back. the crowd could vote on it having more interaction and validating if the challenge is complete. Voting • Have people engage with polls in real-time with nano, could scan their option to vote, and even get refunded if their option did not win, encouraging them to vote for their favorite option, even if it seems unlikely to win. User Battles • Having people start a challenge of a game, in an app or on the web, or perhaps even something random like gambling, and having it appear on stream for everybody to witness. Maybe even challenging the streamer for a nano incentive or someone else who watches. Chat • Having an on-screen chat that changes the colors and design of the people who donated with nano, and linked their account. more incentive to donate. Stream Sponsors • Having a rotating banner on-screen at all times, allowing users to pay nano to show their banner. As an auction or a price set from the creator. Most of these ideas occurred to me as I was writing this post, and I'm sure we could think of better ones with some effort. Some of them are already implemented on the websites that were mention above, however, having the power and speed of the nano is a game-changer IMHO. So why am I writing this post? First, just to share with you and get to know you better, maybe spark an idea or a motivation for anyone to do something good for nano. Second, money is tight now, moved back to my parents due to the pandemic, hard to find a decent job as we have more than %20 of the people in Israel looking for a job and as I mentioned before the content I make is not very profitable. I can't afford to invest money in this idea, and I lack the skills to do it myself. So maybe if it's good someone else could. If, however, someone would be inclined to help make this a reality, I would appreciate any comments, suggestions, investment of time, or money in testing this out. I have a dedicated community with thousands of people that will be aware of nano if we'll do it, years of experience in this field, and not to mention that I'm in good relations with most of the other content creators and platforms here in Israel, and some international. Discord: ToLy#2657 Feel free to DM me at any time :) Nice to meet you, and thank you for reading.
This is a pretty long but simple to understand post about the developments in the crypto space. It is meant for beginners to help them join the dots and see the larger picture of what cryptocurrency is about and its ongoing developments What is Decentralized Finance? Before we go into yield farming, let me first explain decentralized finance (defi) simply. Defi is considered by many to be a financial revolution that is true to the ethos of Bitcoin, which is to create a monetary system that allows the transfer of value peer to peer yet is not controlled or governed by a country or central bank. While Bitcoin has been a great store of value as digital gold due to its decentralized nature, there is no team behind Bitcoin therefore there has been no further development in the technology. Hence the creation of Ethereum as a centralized platform that facilitates the growth of blockchain technology and projects that ultimately aims to fulfil the mission of defi. Yield Farming Yield farming is basically lending out your cryptocurrency onto defi lending platforms, providing liquidity for loans and being paid interest for it. Most bitcoin holders do this to squeeze extra interest out of their holdings rather than just letting their crypto sit in their wallets. On top of that, most banks today are paying only 0.1% interest for your deposits, whereas Compound is paying 2+% on USDC and USDT. While there are some additional risks introduced with defi lending, some people are comfortable with the added risks and returns. Compound and Uniswap are the 2 largest defi lending platforms right now with the most Total Value Locked (TVL) contributing to more than 60% of the $2 billion locked in defi. What is interesting is the sudden explosion of TVL in defi contracts. TVL has doubled from $1 billion to $2 billion in less than a month, and this was largely due to Compound's huge growth in TVL from $100 million to over $600 million in a span of 1 week, 15 to 22 June. Within the week, Compound became the leader in the defi lending space. This phenomenon was largely due to the fact that Compound is giving away its COMP tokens to its users, both depositors and borrowers, proportionally according to the amount that they have deposited or loaned. Which has never been done before, the fact that borrowers are receiving tokens for borrowing. This has led to many people borrowing their own deposits and repeating the cycle a few times to maximize the share of their COMP tokens received every day. Brilliant and sustainable development or hype? The key question we need to ask ourselves is if this large spike in TVL is brilliant tokenomics that has unveiled interest in defi and led to actual growth within the space, or is this a fad that will start to die off once the price of COMP tokens start falling? My personal belief is that it is the former. This is because there has been much progress in terms of innovation within the defi space and the development of Ethereum 2.0. On top of that, new investors are buying into cryptocurrency every day. Institutional investors such as Paul Tudor Jones have about 2% of his assets in Bitcoin. His reasons for buying was that while bitcoin is extremely speculative, and ranks poorly as a store of value, having been around for 11 years only, its market price of $186 billion is a tiny fraction of the $266,917 billion stock and bonds market, which makes it an underpriced asset and a value investment. Of course, I have a biased point of view that is pro-bitcoin and pro-defi, however, I believe that defi is the next development in the financial market that is in its early stages, and presents a huge step forward and opportunities for investors and people who are looking to grow their wealth.
If you're on reddit you're probably a millennial or gen z and you're likely gen 1 or gen 2. Most hmong parents arnt the most financially savvy people out there so I thought I'd post this in hopes that it helps some of yall out. The current situation should be reality check that highlights 1 thing for our generation: Have enough cash and investments to support yourself If you're a millennial this is probably the 2nd major recession in your working career, all within the span of less than 15 years. If you're just entering the job market then prepare for losses, wage cuts, uncertainty and wage stagnation for perhaps years to come. Recovery will happen, but unlike the stock market the economy usually lags.
Save enough cash to support yourself - 3 months minimum
Savings: At a minimum you should have enough cash to cover 3 months of costs in case of job loss. However, this is really the minimum you should strive for before thinking about investments. I'm personally more comfortable with 5-6 months of expenses and even more if you own a house.
401k, HSA There are probably more plans out there but these are the two most common. You should be maximizing your contributions up to whatever the company match is. If you're young and healthy, you may want to think about actively managing both and changing the funds to support higher growth.
401k: Contribute up to the company match. 401k is funded by pretax money and the company match is all free money. If you dont think you can or have the time to beat the match, then leverage 401ks to the maximum. Don't have enough to contribute? Each raise you earn increase your 401k contribution to whatever your raise is. Should you contribute the yearly maximum? It depends on the match and if it's worthwhile. 401ks are a money jail so it's not worth-while to simply invest more if it does not earn you additional match money. There are better ways to invest your money. Which fund should you choose? Again if you're on the younger side, you should probably be in 90% or more in stocks. HSA: If you're young and/or healthy then you will want to maximize you're HSA contributions. This money is yours forever and often comes with a company match. After meeting the minimum account balance you can invest any additional contributions, just like your 401k. You'll always have both accounts and the government has made it clear that they will waive penalties for withdrawals in cases of crisis like covid.
Roth IRA and Brokage accounts
Fully vested in 401k and HSA? Roth IRA and brokage accounts may be what you're looking for. Both Roth IRA and brokage accounts allows you to invest in individual stocks. What's the difference? Roth IRA gains are tax free but you arnt allowed to withdraw gains without paying a penalty and taxes until you reach retirement age. You can still pull out what you contribute at any time. A brokage account allows you to pull your gains and contributions out at any time, but any gain on any sale is subject to tax, regardless if you withdraw from your account or not. The general advice is if you're investing for retirement, go with a roth ira and contribute the maximum you can each year, then fund your brokage account with any extra. If you're investing to gamble or to try and earn extra cash, a brokage account gives you more flexibility on managing your earnings. I use my Roth IRA as a second savings accounts and invest when I see good entry points. Roth gives me liquidity while also being able to invest, compared to a 401k. The market will only grow, maybe not in the short term with the whole covid recession, but better believe it will in the long term.
FIRE: Financial Independence, Retire Early.
You may have heard of FIRE, but the essence is to become Financially independent and retire early. I'm not a big fan of the following it exactly but I am a fan of being Financially independent enough to not worry about what I choose for work. But if you live FIRE, more power to you. The single biggest costs for most people are their homes. If you can pay off your home early then a large financial burden has been taken care and while you may not be financial independent you will have an extremely large amount of flexibility. If you want to work at Costco, you can! That's what being financially flexible affords you.
Real estate and Land
Yes, some people make bank flipping and renting. But profiting from a flip is estimated to be harder and harder with home prices where they are today. I dont have any expertise here beside just beginning to dive into the indusrty but from what I hear from my builder, realtor and flipping people is that we are expecting a down turn in home prices in the 2nd half of the year if covid continues to decimate the economy. Low interest rates however may offset some of this in the short term. Right now it's still a sellers market but high end houses are sitting.
Points, points, points..seriously there's no other way to buy than with a credit card, not even mentioning security benefits. Cash, debit cards, PayPal, bitcoin, all worthless when compared to credit cards. Use credit cards to pay for everything you can. If you're not disciplined enough, don't open cards to every department store either, you're get a credit hit if your credit is accessed too often and it becomes difficult to manage after too many cards. Look at cards that provide the most points for your dollar. Cards that allow you to transfer points to partners often yield even more savings, especiallyon things like travel. Chase cards are great and Freedom is a great first card to have. The key to credit cards is not to spend what you dont have and to pay off the STATEMENT BALANCE every month. To avoid interests, you need only pay off the STATEMENT BALANCE and not the full balance every month. Never take credit card loans or get into credit card debt, it's going to be a bad time.
Pay off debt
There's always a fine line between investing and paying off debt. The debt we're talking about here is debt with relatively low interest rates like student loans, car loans and homes. Anything debt with high rates, like credit card debt, should be paid off immediately. The general rule of thumb is if you can make more investing than the interest rates of the loans, invest, else pay off debt. But, investing involves risk while paying off debt is a sure thing. There's also the emotional factor. Some people don't care about debt because they want to be working their entire lives and are willing to pay it off over the long term, and that's perfectly fine. In that case, invest invest invest. Personally i think there is a balance, I rather be debt free and financially flexible than be straddled with debt. To pay off debt, one of the most popular methods is the snow ball method. The essence of the theory is to pay off the highest interest debt off first. Once paid off, while keeping the payments the same, tackle the next highest interest debt and so on so forth. Eventually you are paying off more and more with the same payments, hence the snow ball effect. Google it for more precise definitions.
Travel, hobbies and enjoying life
Seriously, enjoy your youth, health and life while it's good. Nobody wants to work and save until 65 before you start traveling and enjoying life. Traveling is one of the best things you can do. Having hobbies makes work worthwhile. Good health is worth more than all the cash in the world.
Gambling and options
I dont recommend either, but if you're a gambling man, play options over penny stocks and always double down on 9 or 11...maybe. Just don't bet what you're not willing to lose, and for the love of all that is holy, dont gamble on margin. Disable that shit. You already know all this stuff? Awesome! Help out and contribute. Questions? Post. Wrong Facts? Always looking to learn. Tldr: Save, invest and pay off debt. Also enjoy life, health and youth while you have them.
AMA AT DETECTIVE ID (25/06/2020) Before welcoming any questions, I would like to briefly introduce STATERA PROJECT. Statera is a smart contract deflationary token pegged to a cryptocurrency index fund. By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced fund. Lastly the deflationary mechanics of STA increases the chance for positive price action while decreasing beta (volatility). This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by a third party code audit through Hacken. Q1 : please explain in more detail about Statera, what is the background of this project? and when was it established? The dev of this project had previously created another deflationary token BURN. When the Balancer Labs released the Balancer Protocol, he had an idea to combine the two, deflationary token and a pool of tokens, making the first deflationary index fund. It started in the end of May and on the 3rd iteration, May 29th - a trustless version was launched that we see today. As briefly explained earlier, STATERA or STA is an Index Deflationary Token built on Ethereum blockchain; Index: Contains a token suite of world class leading crypto assests BTC, ETH, LINK, SNX with STA. Deflationary: On every transaction of STA 1% of the transacted amount is sent to 0x address on ethereum, burned forever, thus reducing the circulating supply of STA Index+Deflationary: STA is mixed with BTC, ETH, LINK SNX in a portfolio, backed by liquidity on a protocol known as balancer (balancer.finance) This platform serves as a market maker for the token suit. The Index suite is of equal rate of 20%, that is 20% of BTC, ETH, SNX LINK and STA, Thus, anytime there is an increase in value of any of those coins or tokens, balancer automatically trade them for STA in order to keep the token suit ratio balanced. And anytime there is an increase in the value of STA, the same process applies. while doing this trade, it enables further burning on every transaction, thus facilitating more token scarcity. In addition to this, Statera was deployed with contract finalised, that is, the index suite can not be altered, It is completely out of Dev's control. Q2 : What are the achievements that have been obtained by Statera in 2020? And what goals do you want to achieve in 2020? By this we assume the questionnaire is asking for a roadmap! First, the project is barely a month old, and within just a month, our liquidity has grown from $50,000 to over $400,000 currently above $300,000. Among the things we have accomplished so far is the creation of market value for STA's Balancer liquidity pool token BPT, which is currently over $1000 per one BPT. Regarding what we set to achieve: The future is filled with many opportunities and potentials, currently, we are working on a massive campaign to introduce our product to the outside world. We have already made contact with different and reputable forums and channels regarding marketing and advertisement offers, some which we are currently negotiating, some which we are awaiting response. All we can say for now is that the Team is working hard to make this the Investment opportunity every crypto enthusiast has been waiting for. Statera has the goal of putting cryptocurrency into every portfolio. We believe we have a product that increases the returns of investing in cryptocurrencies and makes it easier to diversify in this space. We have done so much in June: articles, how to videos, completed the audit, tech upgrades like one token liquidity additions, and beginning our many social communities. We have been hard at work behind the scenes but things like sponsorships, features, and media take time, content makers need days if not weeks to develop content, especially the best of the best. We are working tirelessly, we will not disappoint. We have plans for 2020-2025 and will release those in the next month. They are big and bold, you’re going to be impressed by the scale of our vision, when we say “Cryptocurrency in every portfolio” we mean it. In 2020 more specifically we are focused on more media, videos, product offerings, and exchanges. Q3 : What is the purpose of STA token? How can we get STA? The purpose of STA is an investment in the first deflationary index fund. The whole index's value rises from these aspects: 1. The index funds (WBTC,WETH,SNX,LINK) appreciate in value 2. When the index tokens are traded, the pool receives transaction fees - 1% 3. STA burns on transactions, so it's deflationary nature increases its value as the total supply drops 4. Balancer rewards Index holders with BAL token airdrops every week You can invest via the 'Trade' links in stateraproject.com website. Easiest way is to do it using ETH. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit. Q4 : can we as a user do STA mining? The supply of STA doesn't increase anymore, it only decreases due to the burn feature. So there is no way to mine anymore STA. Only way to acquire the tokens is via an exchange. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit. Q5 : The ecosystem of a public chain has a lot to do with the level of engagement and participation of third-party developers. How does Statera support the developers? Not really. Our project is focusing on investment opportunities for the cryptocurrencies. The cryptocurrency tokens that are not used and are just sitting in a wallet can work for you by being added to an index fund and appreciate in value over time. First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem. in addition, Statera is a fully community project now. Paul who is the current team leader was an ordinary member of the community weeks ago, due to his interest and support for the project, he started dedicating his time to the project. Quite a number of community members are also in the same position, while Statera was developed by an individual, it is being built by the entire Statera community Community Questions (Twitter): Q1 From: @KazimKara35 The project tells us that the acquisition and sale of data between participants is protected by code of conduct and how safe is deployed on the blockchain, but how do you handle regulations while operating on a global scale? Statera is decentralized token, similar to other utility crypto tokens and same regulations apply to it as others. his is actually a benefit of our decentralized nature. This isn’t legal advice, however in the past regulating bodies have ruled that the more decentralized a project is, especially from launch, the less likely they are to be deemed a security (see: Ethereum). This means they can be traded more freely and be available on more platforms. We are as decentralized as you can be. The data itself is all secured through the blockchain which has been shown to be a highly secure medium. We do not store any of your data and as long as you follow best practices in blockchain security there are no added security risks of using Statera. We don’t, and literally can’t, hold anymore personal information than is made available in any blockchain transaction. and that "personal information" is more likely than not just your ethereum wallet address, no "real world" data is included in transactions Q2 from: @Michael_NGT353 What is Mechanism you use On your Project sir? Are you Use PoS,PoW or other Mechanism Can you explain why you use it and what is Make it Different? Our token is an ERC-20 token and it's running on the Ethereum blockchain. The Ethereum's POW mechanism is currently supporting the Statera token We run on Ethereum, so we are currently PoW. With ETH 2.0 we will hopefully be PoS this year (hopefully). We use it because ETH has over 100 million addresses and around a million daily transactions. We are currently at about 1,900 token holders, we are just touching the edge of what is possible in this market. We chose the biggest and the best network available right now to launch our product. We think the upside is huge because of this choice. Being the biggest network it is also one of the most secure, no high risk vulnerabilities have been found in Ethereum or in our code (we've had our code audited by a third party, Hacken, and you can read their audit on our Medium page), so we also have security on our side Q3 From : @Ryaaan_Nguyen Can you list some of Statera outstanding features for everyone here to know about? What are the products that Statera is focusing on developing? As mentioned earlier by GC, First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? We touched on this a bit in the question on what makes us special compared to other exchanges. We have created a product that synergizes with Balancer Pools creating a symbiotic relationship that improves the outcomes for users (our product can also synergize with future DeFi products). By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced portfolio (like an index fund with dividends). Lastly, the deflationary mechanics of STA increases the chance for positive price action while decreasing beta. We want to package Statera with assets across the whole cryptocurrency space, with an emphasis on DeFi. We also want everyday people to be able to invest quickly in crypto while also feeling reassured their investment is set up to succeed. We are focused on developing a name brand that people go to first and foremost when investing in crypto: cryptocurrency in every portfolio. This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by the third party code audit. This is a feature in and of itself, some argue that Bitcoin’s true value is in it’s network effect, first mover advantage, and immutability. Statera is modeled on all three of those and has those features in spades. The community now owns our token, the power in that, giving finance and power to the people, is why we are here. Q4 From : @futcek What do you think about the possibility of creating new use cases in DeFi space for existing real world assets by using crypto technology? What role do you see in this creation for Statera? I think my answer above actually answers this perfectly, Statera in and of itself is a “new use case”, a “deflationary index fund” has never existed, I’ll copy and paste the other relevant part: “With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem.” Statera is a way to make your investment more successful, and owning Statera let's you benefit from other people using it to make their investments more successful (a self feeding cycle). Q5 From : @Carmenzamorag Statera's deflationary system is based in that with every transaction 1% of the amount is destroyed, would this lead to lack of supply and liquidity in the long term future? How would that be fixed? The curve of supply is asymptote, meaning that it will never reach zero. The idea is that the deflationary process will slowly decrease the supply of STA, which – combined with a fixed or increaseing demand – will result in STA appreciating in value. Evidently, as the STA token increases in value, the amounts of STA being traded will slowly decrease: The typical investor might buy 10.000 STA at the current rate, but in the future (proportional to an increase in the valueation of STA) this number will tend to decrease, hence the future investor might only buy 1000 STA. This of course results in less STA being burned. Additionally, STA is divisible to the 18th decimal, why – even if the supply was to reach 1 STA – there would be a sufficient supply. Well this would be a question for a Mathematician, and luckily we’re loaded with them (as seen above)! I’ll try to illustrate with an example. 1% of 100 million is 1 million, 1% of 10 million is 100,000. As we go down in supply the burn is less by volume. What also happens at lower supply is higher prices (supply and demand economics). So those 1 million tokens burned may be worth $20,000, but by the time overall supply is at 10 million those 100,000 tokens may also be worth $20,000 or even more. This means you transact “less”, if you want to buy 1 Ether now with Statera you need 8,900 STA which would burn 89 tokens. If Statera is worth $100 you only need 2.32 statera (.023 tokens burned). Along with this proportional and relative burn decrease, tokens are 18 decimals long, so even when we get to 1 token left (which mathematically would take decades if not centuries, but that is wholly dependent on usage), you are still left with 10 to the 18th power, or one quintillion “tokens”. So it’s going to take us a while to have supply issues :) Nuked Phase (3rd Part) Q) What is your VISION and Mission? Our working mission and vision: Mission: Provide every investor with simple and effective ways to invest in cryptocurrency. Decrease volatility and increase positive price pressure in cryptocurrency investments. Lower the barrier to entry for more advanced investment tools. Be a community focused and community driven cryptocurrency, fully decentralized by every meaning of the word. Vision: We aspire to put “cryptocurrency in every portfolio”. We envision a world where finance is given back to the people and wealth building strategies withheld only for affluent individuals are given to all. We also strive to create an investment environment based on sound monetary policy and all the power that comes with a sound asset. Q) What are the benefits of STA for its investors in long term? Does STA have Afrika as an important area for its expansion? We have ties to Africa and see Statera as a way for anyone and everyone to invest in cryptocurrency. The small marketcap of statera makes it's price low and it's upside massive. Right now if you wanted to be exposed to the price action of four cryptocurrencies (BTC, ETH, Link, SNX) Statera is a way to gain that exposure in a way that has a huge upside, compared to the other four assets, there are risks in investing in any small cap but with those risk come outsized rewards (not investment advice and all answers are solely my opinions 😊) Q) In the long run, why should we trust and follow STATERA? How do you raise awareness and elimination of the doubts of investors / partners / customers?. You're really asking "How do I trust myself and other crypto investors" The project is FULLY decentralized, it is now in the hands of the community. We would venture a guess that the community wants their investment to succeed and be worth more in the future, so you are betting on people. wanting to make themselves money on their own investment. This is a pretty sure bet. The community being active and engaged is key, and we have short term and long term plans to ensure this happens Q) No one can doubt the strength of #Statera. But can you tell us some of the challenges and difficulties you're presently facing? How can you possibly overcome them? We're swinging outside our weightclass, we don't see litecoin or SNX, or any other crypto product as our competition. Our competition is NASDAQ, Fidelity, etc. We want to provide world class financial instruments that only the wealthy have access to in the traditional world to everyone. Providing liquidity, risk parity, being paid to provide liquidity, unique value propositions, are all things we want to bring to everyone. However we are coming up in a hectic space, everyday their is fud and defamation on the web, but that is the sandbox we chose to play in and we aren't grabbing our ball and going home. We can tell you that we will not disappoint and fighting all the fud that comes along with being a small and upstart project only fuel our fire. Building legitimacy is our largest challenge and looking at our audit, financial report, and some things you will see in the coming weeks, we hope you see we are facing those challenges head on. Q) What is the actual uniqueness of #Statera.??? Can you guys please explain tha advantages of #Statera over other projects.?? When we launched there were no other products like ours. There are now copies, and we wish them the best, but we have the best product, hands down. Over the next couple weeks this will become apparent, if it hasn't already, also a lot of the AMA answers dug deeper into our unique value proposition, especially the benefits we provide to Balancer Pools which shows the benefits we would provide for any index fund. We are a tool to improve cryptocurrency investing Q) Fragmentation, layering and cross-chain are three future solutions for high-performance blockchains. Where is Statera currently? What are the main reasons for taking this direction? We operate on the Ethereum chain, as it upgrades our services and usability will upgrade. We are working on UI and more user friendly systems to onboard people into our ecosystem Q) How STATERA plan to make room and make this project known in the world of crypto, full of technology and full of new projects very good in today's market? We think we have a truly innovative product, which - when first understood - appeals to most investors. Whether you want a high-volatility/medium-risk token like STA or whether you are more conservative and simply just plan on adding to the Statera pool BPT (which is not nearly as volatile but still offers great returns). We plan on making Statera known to the crypto world through a marketing campaign which slowly will be unravelled in the comming days and weeks. If interested, you can check out an analysis of the different investment options in the Statera ecosystem in our first financial report: https://medium.com/@stateraproject/statera-financial-reports-b47defb58a18 Q) Hello, cryptocurrencies are very volatile and follow bitcoin ... and does this apply to Statera? or is there some other logic present in some way? is statera token different from a current token? Are you working on listings on other exchanges? Currently uniswap is somewhat uncomfortable for fees. We are also on bamboo relay, saturn network, and mesa. Statera will be volatile like all cryptocurrency, this is a small and nascent space. But with the deflationary mechanic and balancer pool, over time, as marketcap grows it will become less volatile and more positively reactive to price. Q) Security is one of the most essential characteristics for a project to get reputation. How can #Statera Team assure to their community that users assets and investments will stay safe from unwanted agents? We have been third party audited by the same company that worked with VeChain to audit their code. Our code has been shown to be bulletproof. Unless Ethereum comes up with a fatal security flaw there is nothing that can happen to our contract (there is no backdoor, no way for anyone to edit or adjust the smart contract). Q) Many investors see the project from the price of the coin. Can you give us advantages why Statera is so suitable for long-term investment? and what makes Statera different from other similar projects? Sometimes the simplest solutions are the most effective. A question you can ask is “What if this fails”? But you can also ask, “What if this succeeds”? Cryptocurrency is filled with asymmetric risks, we think if you look into the value proposition you will find that there is a huge asymmetric risk/reward in Statera, and we will make that even clearer in our soon to be released litepaper. You are on the ground floor of a simple but highly effective solution to onboarding people into defi, cryptocurrencies, and investing. Our product reduces volatility and increases gains (decreases beta and increases alpha in investor terms), which is highly attractive in any investment. The down side is there but the upside outweighs it exponentially (asymmetric risk) Q) What your plans in place for global expansion, are Statera focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this? We have reached out to influencers in other countries and things are in the works. We have also translated documents and are working on having them in at least 4 languages by the end of July. We were founded globally, our team is global, and we are focused on reaching all 7 billion people. Q) Now in the cryptofield everyday there are new projects joining in the Blockchain space. They are upgraded, Well-established and coming up with innovative technology. How Statera going to compete with them? What do you think, one day Statera will become useless And will be lost into the abyss of time for not bringing any new technology? We are the first of our kind, no one had a deflationary index fund before us. Index funds will be the future of crypto (look at the popularity of etfs and indexes in the traditional markets). We are a tool to make your index function better and pay you more. As long as people care about crypto index funds they will care about the value STA brings to that. We have an involved and long term plan to reach dominance over a 5 year span, this is not a flash in the pan, big things coming Q1. You say that the weight and proportions of your tokens are constant. So how have you managed to prevent market price speculation from generating hypervolability in your token price? Do you consider yourselves a kind of stablecoin? Q2. How many jurisdictions allow the use of Stratera products and services? Are they available for Latin America? @joloroeowo The balancer ensures an equal ratio of 20% amongst the five tokens included in our fund. This, however, does not imply that the tokens are stable. Rather, the Balancer protocol helps mitigating price fluctuations. Q) How can I as a Statera participant participate in liquidity mining, and receive BAL as reward? What are the use cases of $STA token, and how are users motivated to buy and hold long term? The easiest way is to go to stateratoken.com and click trade then BPT. You can also buy all five tokens and click on portfolio then add liquidity. Balancer is working on a simpler interface to add liquidity with one token, we are waiting on them. I think we explained the use cases above Q) What do you plan have for global expansion, is Statera currently focused solely on the market? Or is it focused on building and developing or acquiring customer and user or partnership relationships? Can you explain it? We are currently working on promoting the project and further develope our product, making it lucrative for more new investors to join our pool and invest in the STA token. Q1) Statera have 2 types of tokens, so can you tell me the differences between STA and STAC ? What are their uses cases? Is possible Swap between them? Q2) Currently the only possible Swap or "exchange" possible is Uniswap, so you do have plans to list the STA token into a more Exchanges? STAC is obsolete, we only have STA and BPT (go to our website and click on trade) stateratoken.com BPT gives you more diversification and less risk, STA gives you more volatility and more chance for big gains. Q2 we are on multiple exchanges (4), bamboo relay, saturn, and mesa we do have plans for future exchanges but the big ones have processes and hoops to jump through that can't be done so quickly Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future? Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product Q) Do you plan to migrate to other platforms like Tron, BinanceChain, EOS, etc. if it is feasible?? Migrating our current contract is not. Starting new offerings on those other chains could be possible, they aren't on our radar currently but if the community requests them we are driven by our community Q) ETH Blockchain is a Blockchain have many token based in it, i have used ETH blockchain long time and i see it have big fee and need much time to make a transcation so Why you choose to based STA in ETH blockchain not other like Bep2 or Trc20 ? Simply: 100 million addresses, 1 million transactions a day. The more users we have the more we will benefit our community. We hope ETH 2.0 scaling will fix the problems you mention. Q) No one achieve anything of value on its own, please can you share about Statera present and future partnerships that will drive you to success in this highly congested crypto space? We have a unique product that no one else has (there are people who have copied us). We can't announce our current and future partnerships yet, but they will be released soon. Our future hopes of partnerships are big and will be key to our future, know we are focused on making big partnerships, some you may not even be thinking about. Q) According to the fact that your algorithm causes 1% of each transaction to be destroyed, I would like to know, then, how you plan to finance yourself as a project in the long term? The project is now in the hands of the community and we are a team of passionate people volunteering to help promote and develope the Statera ecosystem. But then, how do we afford running a promo campaign? We have lots of great community members donating funds that goes to promoting the project. In other words, the community helps financing the project. And so far, we have created a fantastic community consisting of passionate and well-educated people! Q) There are many cryptocurrency startups were established by talent teams, but they got problem in raising capital via token sales due to many factors as bear market, bankrupt etc. This leaded their potential startups fail. So how will Statera break these barriers and attract more funds from outside crypto space? We are community focused and community ran. When you look at centralized cryptocurrencies you can see the negative of them (Tron, ADA, etc.) We believe being fully decentralized is the true power position. You the owner of statera can affect our future and must affect our future. This direct ownership means people need to mobilize and organize to push us forward, and it is in their best self interest to do so. It's a bet on our community, we're excited about that bet Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future? Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product Q) Why being a hybrid of a liquidity pool and an index fund? What are the main benefits about this? By being a liquidity pool the exchange side of the pool (balancer also functions as an exchange) gives you added liquidity for more effortless, effective, and cheaper rebalancing. You also benefit from getting paid the fee when people use the exchange AND getting paid BAL tokens that are worth $15-20 USD. These are not benefits you get with an index fund, meanwhile the liquidity pool rebalances just like an index fund would Q) Which specific about technology and strategy of #STA that make you believe it will be successful and what does #STA plan do to attract more users in the upcoming time? I think the idea behind Statera is truly ingenious. We have made an index fund, which investors are highly(!) incentivised to invest in, namely because the ROI, so far, has been huge. An increase in the pool liquidity (index fund) indirectly translates into an increase in the price of STA, why we think the STA token - combined with its deflationary nature - will increase in the long run. The mechanism behind this is somewhat complex, but to better get an understanding of it, I suggest you visit our medium page and read more about the project: https://medium.com/@stateraproject
The ‘Trilemma’ of Blockchain space - Scalability, Security, and Decentralization - are the three things every blockchain is trying to solve simultaneously. But it’s easier said than done, as proven by the scalability issue faced by Ethereum. Higher scalability transcends to higher market adoption. This is where Cardano and Algorand have come into the picture. They have their similarities and differences that seem to work for them for now. Rather than telling you which one has more potential, it’s better to present the entire case and let you decide how they fare against each other.
Star Player of the Team
Anyone would agree that having a renowned and accomplished team player always gives a boost to the project.
Cardano’s Charles Hoskinson
If the name seems familiar, that’s because he is also the co-founder of Ethereum. A tech entrepreneur and mathematician with an interest in analytic number theory, Charles Hoskinson moved into blockchain space in 2013. He co-developed the Ethereum blockchain with Vitalik Buterin before leaving the project in June 2014. Hoskinson joined crypto and blockchain research firm IOHK to develop Cardano and since then has sponsored various blockchain research labs at the Tokyo Institute of Technology and the University of Edinburgh. He also founded Invictus Innovations. Hoskinson was the founding chairman of the education committee of the Bitcoin Foundation and established the Cryptocurrency Research Group in 2013. His current focus lies in educating people on the use of crypto and decentralization.
Algorand’s Silvio Micali
Unlike the innovators of other blockchain projects, Silvio Micali is already a famous name in cryptography long before he started developing Algorand. Deemed as one of the top cryptographers, he is a recipient of the prestigious Turing Award in 2012 and RSA prize for cryptography, Gödel Prize (theoretical computer science) in 1993, and ACM fellowship in 2017. Micali’s work spans around public-key cryptosystems, pseudorandom functions, digital signatures, oblivious transfer, and secure multi-party computation among others. In 1989, he co-invented Zero-Knowledge Proofs with Shafi Goldwasser and Charles Rackoff. He also developed Peppercoin, a cryptographic system for processing micropayments. A professor at MIT’s electrical engineering and computer science department since 1983, Silvio Micali is also working as a computer scientist at MIT Computer Science and Artificial Intelligence Laboratory. His doctoral students include Shai Halevi, Mihir Bellare, Rafail Ostrovsky, Bonnie Berger, Rafael Pass, Chris Peikert, and Phillip Rogaway - each renowned in their respective fields.
Project Partners and Collaborators
For any business, partnerships and collaborations are the most important aspect since they drive growth and innovation.
Cardano has formed 17 partnerships so far that either enhance its capabilities or grow its business.
Metaps Plus: To integrate the ADA coins into the MeTaps Plus, South Korea’s one of the largest mobile payment platforms.
IBM Research: For a software distribution project commissioned by the European Union.
PriceWaterhouseCoopers (PwC): To develop a new commercial strategy, probably to bring enterprise users to Cardano.
New Balance: All customers can authenticate the footwear purchases on the Cardano blockchain.
SIRIN LABS: To integrate the Cardano blockchain in their blockchain smartphone FINNEY and its SIRIN OS.
Konfidio: To drive the adoption of the blockchain business model platform among corporations and governments.
Algoz: To offer liquidity solutions and trading solutions for its native ADA token.
Priviledge: To study and publish decentralized software updates Priviledge is a consortium of renowned companies and scientific universities with the European Union.
South Korea Government-Approved Trade Associations:Signed two MoUs with Korea Mobile Game Association (KMGA) and Korea Blockchain Contents Association (KBCCA) to implement Cardano for Korean mobile gaming and digital content.
Ethiopian Government: To develop a new digital payment system and combine it with identity cards using its Atala blockchain framework.
Georgian Government: Signed MoU to implement Cardano blockchain-enabled projects across education, business, and government services.
Cardano’s other major partnership includes Z/Yen Group’s Distributed Futures practice, COTI Network, and Ellipal Hardware.
Algorand’s innovativeness and potential to be the blockchain leader has helped it bag a plethora of valuable partnerships across the world. Here are a few partnerships out of the 17 -
International Blockchain Monetary Reserve (IBMR): To launch the Southeast Asia Microfinance Platform and create a stablecoin called Asia Reserve Currency Coin (ARCC) to encourage financial inclusion in Southeast Asia.
SFB Technologies: To build the infrastructure to create a CBDC (central bank digital currency) dubbed ‘SOV’ for the Marshall Islands.
Meld: To tokenize gold and track it over the supply chain using stablecoin for the Australian gold industry.
Caratan: To build financial tools and products to promote Fintech adoption at an institutional level.
Italian Society of Authors and Publishers (SIAE): To develop copyright management tools and services.
DUST Identity: To authenticate physical objects and validate transactions over the blockchain.
AssetBlock: A real estate startup launched its tokenized property investment platform on Algorand
PlanetWatch: Focused on environmental monitoring, the first "CERN Spin-off " labeled organization is building the world's first immutable air quality ledger on the Algorand blockchain using IoT technologies.
Other major partnerships include World Chess - the commercial arm of the World Chess Federation, Big Data company Syncsort, and Tether.
Both Cardano and Algorand use PoS or Proof of Stake consensus mechanism at their heart, but that’s where the similarity ends. Each of them has its own spin to it. In the PoS mechanism, a person can validate a block depending on how many stakes or coins he holds. The stake quantity determines the amount of mining power one has. So how does each of them differ?
Cardano’s version is called Ouroboros PoS.
Cardano allows stakeholders to pool their resources together in a single ‘stake pool’, thus delegating their stakes to the pool. This is because every elected stakeholder may not have the expertise to create blocks.
The physical timeline is divided into small blocks called ‘epochs’ that are made up of fixed slots. These epochs are cyclic.
Each such epoch consists of a set of pooled stakeholders.
While the endorsers are elected depending on the weight of the number of stakes held by them, a slot leader (for every epoch) is randomly chosen by a digital coin toss among stakeholders. When the endorsers approve the blocks produced by slot leaders, it gets added to the blockchain.
The slot leader also selects the slot leader for the next epoch through the ‘coin toss’.
Note that having a higher stake increases the probability of getting elected.
Currently, the list of validators is fixed and the succession is known beforehand.
With the launch of the Shelley mainnet, Cardano plans to remove the above issue. But this will be a hard fork. Here, the community will decide on block validators through staking.
The version Algorand uses is called PPoS (Pure Proof of Stake) consensus mechanism.
PPoS randomly selects a token holder as a block producer.
The proposed block gets approved by a committee of 1000 randomly selected token owners and then added to the blockchain.
The algorithm runs a cryptographically verifiable lucky draw over all the accounts to randomly select committee members as well as the block proposer.
This means the identities of the participants are unknown until the blocks are added to the chain.
This selection does not depend on the stake size of the nodes at all.
PPoS runs this lottery process in complete isolation with other nodes in the network.
The completely randomized election and secret identities of the committee members drastically reduce the chances of any foul playing within the network. As the number of users grows, the network gets stronger and more secure. Algorand’s PPoS has embraced a more egalitarian ecosystem to negate the wealth gap present in traditional PoS.
Currently, Cardano offers 50-250 TPS. But with incorporating sharding technology in its Ouroboros Hydra version, the scalability can increase to one million TPS theoretically. The processing speed will increase as more users or nodes join the network.
In Algorand, every lottery takes just a microsecond to run. Since such lotteries run independently of each other, multiple lotteries can run simultaneously. This inherently makes PPoS highly scalable. The mainnet itself has the capability to handle 1000 TPS.
Both Cardano and Algorand have sound tech and teams that believe in extensive research and meticulously designed products. Having an early start, there’s no denying that Cardano has established itself in a superior position thanks to the technological achievement, consistency, and transparency it has showcased. But with Algorand’s ecosystem growing fast, the competition has intensified. Algorand’s aim to bring full transparency, technological innovation, and successful partnerships just within a year have made it a prime challenger to Cardano. While referring to Algorand, Cardano chief Hoskinson voiced similar opinion - “... they are another one of the science coins and we all kind of support each other. Even though we get academically competitive, we're able to reference each other's work and learn from each other and grow from each other.”
Raoul Pal, the former hedge fund manager who founded Real Vision, thinks the fallout from the coronavirus will have immense, far-reaching impacts on the global economy.
The duration and severity of the pandemic is something that Pal thinks hasn't yet been accounted for properly.
Pal thinks a further 20% decline in stocks is on the horizon.
For context, in October, Pal called the Federal Reserve cutting rates to zero and the US having negative rates. In late February, Pal said to buy bonds and that the impacts from the coronavirus would be "meaningful and real."
"The whole world's f---ed." That's what Raoul Pal, the former hedge-fund manager who founded Real Vision, said on the "Lindzanity" podcast when he initially learned the coronavirus was uncontrolled and spreading rapidly. "The moment the spread hit Iran ... and then Italy — that all happened over the span of three or four days — I was like: 'time to panic before everybody else,'" he said. "It's human behavior function. If the Chinese closed every single border and every city, everybody's going to do it." To bring you up to speed, Pal retired at 36 after quitting jobs at Goldman Sachs and GLG Partners. He lives comfortably on a 140-person island in the Cayman Islands and spends his days writing market research, which comes with a hefty price tag of $40,000 per year. "I said: 'Listen, this is the biggest economic event of all of our lifetimes — and it's coming'" he added. "And that was, in retrospect, the greatest call I've ever had." But this isn't the first time Pal's nailed a prescient call. Back in October, he said the Federal Reserve needed to cut interest rates to zero and warned of negative interest rates in the US, both of which have materialized. What's more, as the market was topping out in late February, Pal expressed his affinity for owning bonds — a trade that would've immensely rewarded investors who took his advice. He also warned that the implications from the coronavirus would be "meaningful and real." That was before things really started to fall apart. Today, Pal thinks the coronavirus will cause "the largest insolvency event in all history." And given his track record as of late, that's not reassuring. "I think the balance of probabilities are that this is a much longer event — in terms of economic impacts — than anybody is pricing in," he said. "I think it's a huge societal change that's coming from all of this." To Pal, the duration of the fallout stemming from the coronavirus is the key factor here — one that he thinks investors aren't paying enough attention to. In his mind, those who are a projecting sharp V-shaped recovery in the third and forth quarter are incorrect in their assumptions. "Isolation is going to be a real event for a significant period of time," he said. "You've got a world that's going to be much more closed, and that's leading to complications in supply chains." He added: "It makes people become more local." Pal's prognostication echos that of billionaire "bond king" Jeffrey Gundlach. In a DoubleLine webcast earlier this week, Gundlach said "we're going to be getting much more, less-connected to globalization" and "we're going to be bringing manufacturing back and thinking about things in very different ways." But the changes that Pal and Gundlach highlight don't happen overnight, which is why Pal thinks the fallout could worsen. Every day that the pandemic drags on is one less day without production and consumption. Then that, in turn, heightens bankruptcy risk. With all of that under consideration, here's how Pal is positioning his portfolio to weather a deeper equity rout. Ideally, he'd like to get to the allocation below.
25% trading opportunities
"So I'm now in the point of thinking we've got another 20% downside or so to come before we get the 3-, 4-month bounce of hope," he said. "For the average guy, this is a very, very, very difficult world we're going to go into — and I can't sugarcoat it because there is no nice answer."
TLDR: Unless you’re a day trader, it’s unhealthy to pay close attention to minor market movements. Consider investing time, energy and attention span into your health, skills, hobbies or various aspects of the ecosystem by participating in the test-nets, getting ready to stake or advocating for Ethereum in a constructive (non-Maxi, positive, patient) manner. A substantial amount of posts in the daily seem to be reacting to or bemoaning small scale jitters. Anything below 30% in either direction is negligible if you’re operating on the assumptions that:
Ethereum is well on its way to dominate the public, un-permissioned smart-contract space
If you don’t share these assumptions & the implicit conclusion that we’ll see substantial (10x) price appreciation in the next 24 months or so, fair enough. Perhaps it'd be a good idea to self-label posts with “SHORT TERM" or "TRADING.” But if you do share these assumptions, little of the daily churn is worth brain or emotional cycles. I read a fair amount of hand-wringing over the BTC ratio, lack of appreciation after encouraging news or speculation. These sentiments strike me as un-productive. None of this is meant to chastise or gate-keep. Everybody is entitled to post what they feel like, and we all make choices what we ready & engage with. Please don't feel attacked if you recognize bits of yourself in the previous paragraphs. I’m simply suggesting that it might be beneficial to re-allocate our attention spans. Good luck & godspeed! Previously:
Diamond in the rough forks to Blockcore tech. Solid 10x short term.
Meet x42 Protocol, the feeless blockchain that will allow anyone to host decentralized applications the easy way. X42 Protocol Price $0.01275764 Market Cap $247,173 (May 27, 2020) Explorer: https://explorer.x42.tech/ Website: https://www.x42.tech/ x42 is a decentralized cryptocurrency based on the Blockcore technology designed to be a multi-chain solution for DApps (decentralized applications) that allows for a range that goes anywhere from small indie developed games to large entrepreneurial projects that span dozens of facilities. The main idea behind x42 is to be a scalable, on-chain solution for any developer that wants to launch games and applications in general with minimal initial investment, zero transaction fees and near infinite scalability. The protocol works around a main blockchain which hosts all the x42 coins and three types of nodes. Side blockchains can be created at will by the developers that decide to use the x42 protocol to launch their projects, side blockchains are very flexible and allow for a great deal of customization. The main blockchain of the x42 protocol will have a maximum total of forty-two million coins mined into existence by the year 2030. The coins follow the same rules as most cryptocurrencies, every transaction is final, timestamped and will be registered to the blockchain ledger, blockchain explorers can be used to browse any and all transactions Every project can have its own side blockchain, in which the development team can fully test and experiment on before going live to the store, because of that need all side blockchains have access to individual testnets. FM Interview with developer: The workpaper talks about using Stratis technology - Many say this is soon to be defunct? It does, the current WP is the 1st itteration, we have a 2.0 that will be released when the servers go online. However in Dec 2019, we have switched to Blockcore as Stratis had too many limitations that didn't meet our needs without heavy modifications. We did start with stratis as the basic framework, but we modified all of the code thus far to meet the needs we have. x42 is not stratis, but did start with some of their code. The switch to blockcore is really more of a code thing and not otherwise noticed on the user end. There has been some but not a significant amount of discussion about it. Anyone that does access the new beta will be able to notice the difference as it nolonger will say stratis anywhere. On the user end, some file structures may change with mention of blockcore. Blockcore is a fork of Stratis, however the cool thing is that it isnt its own project. More details: https://www.blockcore.net/ is an open source project started by a group of blockchain developers and engineers to realize a fully integrated platform for building custom blockchains. Blockcore is the foundation for realizing blockchains and includes core functionality to create your own custom blockchain with a lot of tooling supporting your blockchain. So its been 18 months of development? When will we say a mainnet? We are currently in testnet and close to 90% ready. Xservers should be released this year. However we are not working on a timeline for mainnet with dates at the moment. Deadlines produce inferior products. The new wallet (xCore) has passed and is ready, it will work alongside the xServer. The switch to blockcore did require some code changes and we are still working with blockcore to fine tune some issues in their code as well. Security and ease of use for the end user are required. What about use of dapps in beta? We have a few in progress, but there are not many as the parameters can be changing. Although, anyone that can code a dapp in c# could drop it into their app folder and have one right now. There just won't be the user interface on the current wallet or the server support yet. Why did you call it x42? X has always been the universal unknown in mathematics, which can also mean ‘anything.’ X is believed to have come from the arab letter shin (ش), that was initially used by spanish scholars because of their inability to translate certain arabic sounds into the spanish language, so it became a synonym for an unknown thing. From there on it was noticed that the spanish language didn’t have an appropriate sound for the arabic ‘sh.’ As time passed it was adapted into the ‘ck’ sound, which in classic greek is written down with a symbol known as chi (X). 42 is known to Douglas Adams’ The Hitchhiker’s Guide to the Galaxy readers as the ‘answer to the ultimate question of life, the universe, and everything’. We believe that x42 can offer a great answer to most questions plaguing the cryptocurrency space at the moment and in the future. That mix of an unknown and an answer is where our name got its origin. The techy Details: The two main levels of the x42 architecture are: xCore – This is responsible for interacting with the infrastructure and the interface layers in addition to the node policy layers. An x42 xCore full node handles all the APIs and user interfaces. NBitcoin – This is responsible for handling messages between nodes in the Network Layer. It also bridges the gap between various Consensus Layer functions. Higher Transaction Speed: Transaction on the x42 blockchain platform happens almost instantly under 60 seconds. Also, the main x42 blockchain supports around 70 transactions per second. This is nearly 10 times the transactions supported by the Bitcoin blockchain network. Additionally, the good thing is the x42 side blockchains can be edited to hold as many transactions-per-second (TPS) as the developers want. Understanding xCore, xServer, and Wallets xCore – An xCore node is basically a device with software that has the entire x42 blockchain saved and connects the main blockchain to the side blockchains. This node seeds the main and side blockchain to all users and also has all the functionalities of a client node. Client node is any client running a wallet connected to the x42 main blockchain network. As explained in the white-paper, “The xCore can stake coins on the main blockchain, it can also run decentralised applications hosted on xServers all across the network after having it installed on the local machine”. xServer – The x42 blockchain supports several different types of servers. xServer is a special sort of wallet that runs on dedicated hardware facilitates decentralisation of applications (DApps), processing and data storage. xServers are also tasked with other activities on the network like propagating smart contracts and signing transactions. It also allows the server owner (the Gatekeeper) to get paid for hosting diverse applications. Besides, xServers can choose to host the projects launched on any of the non-private side blockchains. Projects that share a considerable part of their revenues with the xServer owners are likely to get hosted quickly and maintained by the same servers for a longer period of time. Before we understand xServer wallets, let’s brief about the Hot Wallet and Cold Wallets. A hot wallet is an online wallet always connected to the internet. This is an instant point-of-contact for receiving and sending payments. The hot wallets receive the staking rewards along with payouts from DApps, side blockchain, smart contracts, and private transactions. A cold wallet is an offline wallet and more secure from the hot wallet as it is less susceptible to online attacks. This wallet holds the collateral for the server. All the server rewards are paid out to the cold storage wallet. Coming to the xServer wallets, these are basically software holding information for both hot and cold storage wallets. The xServer wallets can run on almost any operating system. They can also host and launch decentralised applications (DApps) and generate passive income by DApp hosting. Nice article.. https://medium.com/the-consensus/x42-protocol-not-just-another-pos-mn-project-d8dd73e8846d
I am trying to get the price of bitcoin using a webscraper but something is wrong with my code and I do not know what:
import bs4, requests def findthem(link): page = requests.get(link) page.raise_for_status() theprice = bs4.BeautifulSoup(page.text,'html.parser') element = theprice.select(".price-change-medium > span:nth-child(2)") return element.text this = 'https://www.coindesk.com/price/bitcoin' res = findthem(this) print(res)
I think the css element that I copy is the problem but I do not know how to fix that or what I am doing wrong. Maybe I am not copying the correct ellement? Sorry if any if I got any of the terminologies wrong. Corrections are greatly appreciated.
Traders Brace for Big Drop as Bitcoin Dips Below $9K for Seventh Time
The price of Bitcoin (BTC) dropped below $9,000 in a rapid pullback, falling by 5% in 48 hours. It marked the seventh drop to the $8,000s for the top-ranked cryptocurrency by market capitalization within a span of two months, since early May. Thus, traders have been concerned that repeated drops below $9,000 may weaken a […]
Bitcoin ROI Increases With 3,500% Compared To Traditional Assets Amid Bullish Lookout
The Return-On-Investment For Bitcoin Surpasses The Performance Of Traditional Assets 70 Times In Times When BTC Is Anticipated To Pass The $10,000 Line Blockchain analyst Justinas Baltrusaitis stated that Bitcoin’s investment returns from June 26, 2015, to June 26, 2020, have increased with over 3,500%, which outperforms the traditional market performance over seventy times. Baltrusaitis published his report on Buy Shares, citing that the biggest cryptocurrency to date managed to gain over 70 times the performance of major indices like Dow Jones, S&P 500, Nikkei, Nasdaq, and Financial Times Stock Exchange 100 (FTSE 100). “During the five-year span of the report, Bitcoin recorded a 3,456.98% return on investment. In June 2015, the price per Bitcoin sat at $257.06, while five years later it rose to $,143.58. On the other hand, major indices marked an average ROI value of 49.27%”, Baltrusaitis noted. Source: Buyshares For instance, FTSE 100 stayed in red, with a 6.96% ROI decline, while Nikkei rose with 11.94%, Dow Jones marked a 42.16% ROI increase, S&P 500 is slightly in front of Dow Jones with 46.23%. Nasdaq marked the highest five-year ROI, with 96.77%. Baltrusaitis clarified that ROI is calculated with a base price when crypto holders bought Bitcoin, compared to current prices. Any Bitcoin purchases before December 2017 should see massive ROI gains.” Baltrusaitis added. According to the crypto analyst, regulations and the recent coronavirus pandemic may have impacted the ROI scores. Also, Baltrusaitis emphasized on how users now perceive Bitcoin “as a store of value, rather than a speculative asset, especially amid the most recent stock market crash. “Over the past five years, Bitcoin faced increasing popularity, mostly due to its maiden cryptocurrency status in the eyes of crypto newcomers. These factors largely contributed to Bitcoin’s high return on investment. However, the ROI comes despite the widespread opinion Bitcoin and crypto holding involve a high degree of risk.” Baltrusaitis concluded. On the other hand, as CryptoBrowser reported, there is a substantial correlation between the prices of Bitcoin and traditional stock markets in the face of the S&P 500. Any price volatility in the traditional sector may cause Bitcoin’s price to peak or dip, just like in the March market wipeout. Source: CryptoBrowser Meanwhile, Bitcoin bulls still stay shy of pushing, as the price per BTC stays around $9,200, which is below its 20-day Moving Average. If bulls are to to flip the $9,200–$9,500 resistance zone this could clear the path for Bitcoin to reach $10,000. The current situation, however, implies that if Bitcoin can’t support a close of over $10,400, its price may tumble to the $8,800 support zone.
Bitcoin futures are one of the most traded cryptocurrency derivatives. Therefore, it is important to have a good Bitcoin futures trading strategy. Basically, a trading strategy helps you to identify best trading opportunities. It gives an elaborate formula of identifying when to enter and exit trades/contracts.
Uses of Bitcoin futures
Before delving into the Bitcoin futures trading strategy, it is important to look at some of the uses of Bitcoin futures. To start with, Bitcoin futures are used for market speculation. The trader speculates how the market shall move in the near future and opens futures contracts to hedge the market. For instance, if the trader speculates that the market price of Bitcoin shall drop, he or she buys short Bitcoin futures contracts. On the other hand, if he or she speculates that the market price shall rise, he or she opens long Bitcoin futures contracts. In addition to market speculation, Bitcoin futures are also used as a risk management strategy especially by Bitcoin miners. Bitcoin miners mine Bitcoins and profit by selling the Bitcoins to investors. They can, therefore, use Bitcoin futures contracts to set the price at which to sell their mined Bitcoins. In so doing they will have managed the risk of a fall in Bitcoin prices in the spot market.
Best strategy for trading Bitcoin futures
To successfully trade Bitcoin futures; you will need to be very good at speculating the movements of the market prices of Bitcoin. Therefore, you will need to closely follow the Bitcoin spot market so as to ensure that you are informed of the market prices. Bitcoin is usually very volatile, just like any other cryptocurrency; and its market price change very abruptly making it hard to track over a short time span. However, since Bitcoin futures are usually over a longer time span, it is easier to speculate the market price of Bitcoin much easily depending on what is going on around the world of cryptocurrencies. Going through Bitcoin news on various websites and channels would greatly help you in doing market speculations. The news keeps you updated on what is going on around the world that is affecting the way Bitcoin is adopted; used, regulated and so forth. Therefore, you will stand a better chance in making a speculation; on how the prices will behave depending on your interpretation of the impact of the news to the Bitcoin ecosystem. With an accurate market speculation, you shall be able to know whether to open a short or long Bitcoin futures contract. If you speculate that the Bitcoin market price will drop, then you should open a short Bitcoin futures contract. On the other hand, if you speculate that the Bitcoin market price will rise; you should open a long Bitcoin futures contract.
Bitcoin’s price plunged on the charts yet again, with the same falling by over $500 in a span of 20 hours. Owing to the high correlation indices shared by the market’s alts with the world’s largest and most dominant cryptocurrency, the former fell too, with the likes of Tezos, Binance Coin, and Dash, among them. […]
"You can't time the market" is a nonsensical phrase and everyone needs to stop saying it.
So a lot is currently happening in the investing markets, and people are throwing their thoughts and advice around. I think it's great that people are talking about their ideas like this, but one thing that I keep hearing is the phrase "you can't time the market". It's one of those platitudes that is true and false at the same time, and is generally terrible advice. Here is the hard truth. We are all timing the market, all the time. It's just the spans of time that differ. Yes, even the people who are dollar cost averaging. Would you be putting money into a market that you expected to go down long term? If you are, there are other issues, but if you believe the market goes up, then you are timing it. Your time span is just very long. If you are shorting, you are timing the market in a short-term time span. I'll just put this out there that yes, I have sold my 401k into cash around this price level a month back, because there are just too many risks in the short-term and I couldn't sleep peacefully. I am not shorting because the fed involvement has proven to make that almost impossible. I felt I needed to say this because there are a lot of new people, here and in my real life, who are new to investing and asking for advice because they are seeing the headlines of "market has done the best in the last xx weeks than it has done since year xx" and they want in on the action. I become very fearful when I see these things. I was in the crypto space in 2017, and the similarities between then and what I am seeing now are very similar. People buy a stock because everyone else is buying it, they make money, and feel like a genius despite having done no actual analysis into the stock or why it's priced the way it is, and then telling people all of these bad headlines are "priced in". This stuff scares me and is why I am out at the moment. When people say "I am dollar cost averaging because markets go up long term" and in the same breath say "you can't time the market", I cannot take you seriously. Dollar Cost Averaging is something people do because it makes them feel better during times like these. The people that are making fun of bears for "missing the bottom", I am convinced are investors that have never truly lived through a crash or just haven't learned from the last one. On a technical analysis level, we will need to break the ATH's in February on strong volume before we officially declare that it was the bottom. Until then, a retouch of the bottom or a new bottom is still very much in play. For all of the confident folk out there, please stay healthy and safe. I hope I am wrong, I truly am. Because if I am right, lots of people that are betting stimulus money that is supposed to go to future rent and bills will find themselves in a very bad spot in a few months. I just hope you find it within yourselves to stay humble and learn as much as you can. I cringe when I go back and read some of the shit I wrote about Bitcoin back in 2017. I learned that I know nothing, and if I am wrong about thinking things could get worse now, I will take it in stride and accept that I lose money. What I will not do is make fun of others and act like I know it all. Because I don't. And I never will.
Got this weird DM on reddit idk what this guy is up to have any of you ever heard of this https://tradeoptiongains.com Site? u/mikerobin25 Mikerobin2501:52 AM Hello there IDEKMyUsername09:34 AM Howdy Mikerobin2509:47 AM How's it going? IDEKMyUsername12:13 PM Not bad. What's up Mikerobin2512:36 PM I'm doing quite alright, How about you? IDEKMyUsername12:53 PM Not bad Mikerobin2501:39 PM Well, I don't mean to intrude but are you familiar with the term "cryptocurrency", Bitcoin to be precise? IDEKMyUsername03:10 PM Yes Aye Mikerobin2503:25 PM Well, I'm at the moment engaging in an outreach aimed at expanding the clientele of my platform and enlightening the populace on the monetary potential of bitcoin trading and mining. Would you be interested in this? IDEKMyUsername03:26 PM Uh yeah sure I can look into it. What does it include? Mikerobin2503:28 PM Are you familiar with the term "Bitcoin trading"? IDEKMyUsername03:29 PM Yeah somewhat Like selling and buying it? Mikerobin2503:33 PM Well, Bitcoin trading is the process of making profits by buying Bitcoin at a low cost and selling it when the price goes up, This method is referred to as Dollar Cost Averaging(DCA). The Bitcoin trade is volatile, and price move by a significant margin. This activity is done on trading platforms. Are you following? IDEKMyUsername04:07 PM Yep gotcha so far Sorry had to pickup a call Mikerobin2506:51 PM No problem mate. Every platform has an investment procedure and ROI method. Unlike other platforms that engage in day trading (profiting from the volatility of bitcoin which is inefficient), My platform is registered with S9 ant miners that mine the bitcoin you invest to increase exponentially and that’s how you earn profits. Have you heard of the term "Bitcoin mining"? IDEKMyUsername06:52 PM Yes I have Mikerobin2506:57 PM Good. For clarification, Bitcoin mining primarily involves generating and earning off the confirmation of blocks of transaction on the network such as the Blockchain network. This is made possible with the use of special and sophisticated devices called the Bit main devices, Such as the AntMiner S9 and ASIC hardware. These devices are extremely expensive to maintain and require a lot of electricity generation and technical expertise which makes it rarely an option for private individuals who are interested in going into Bitcoin mining. But my platform has been able to provide for this disability. Are you following? IDEKMyUsername06:57 PM I feel ya Yes Mikerobin2507:01 PM Moving on, My platform operates a full S9 Antminer farm. The Antminer s9 has a hash rate of 12.93TH/s which is -+ 7%, Which could generate a ROI of 0.5 BTC within an investment period depending on the investment capital. Note: ROI stands for return of investment while hash rates a measure of how many times the network can attempt to complete this puzzle every second. This means that hash rate is a good indicator of the Bitcoin network's health. Do i still have your attention? IDEKMyUsername07:02 PM Yes Mikerobin2507:05 PM Finally, All investments are made and monitored by the client (you) on the platform's website as you earn profits daily and you can contact me a "Broker" on the platform whenever you need assistance or more information. https://tradeoptiongains.com IDEKMyUsername07:05 PM Hm U have a history of wise investments? I mean don't really know you so not like your a "professional" of any means Mikerobin2507:06 PM Certainly We've been running for a span of 4 years now with optimum services provided IDEKMyUsername07:38 PM oh wow gimmie some more deets? how much money would I expect if i put a quick g bar in? IDEKMyUsername07:53 PM hm? Mikerobin2507:54 PM An investment of $1000 amounts up to the standard ROI stated above which is 50% of 1 bitcoin. Apologies for the late reply, Was attending to a client of mine. IDEKMyUsername07:55 PM so invest of about $1000 would give ruffly 5? nah ur good fam like how I go about that tho u know cause isn't bitcoin like kind of high right now? Mikerobin2507:57 PM Yeah though it would have been more profitable if you had started earlier when it was cheaper but you should be expecting more returns due to the halving coming up. https://www.bitcoinblockhalf.com/ IDEKMyUsername07:58 PM how high you think its going to get? Mikerobin2507:59 PM Its a highly speculative asset but from my experience and following it's previous halving events, Probably 15-18k. IDEKMyUsername08:01 PM oh jeez thats like as big as the big boom right? how you know its gonna do that? and what if it doesn't lol? do I just l;ose it all Mikerobin2508:05 PM Exactly. If it doesn't, It would remain at its breaking point of 9k or peak point of 10k but i highly doubt it doesn't pump(rise) based on past halving events. You can simply get started by creating your personal account on the platform by which you can start by purchasing bitcoin and you can do this by clicking on the "Register" icon to get started. IDEKMyUsername08:05 PM hmmm idk Kinda need some more security u know what I mean? Mikerobin2508:08 PM I understand. Loses are only made when you sell off, You money remains intact whether it rises or falls as long as you don't sell but your ROI is fully attained on your account on the platform. IDEKMyUsername08:09 PM o Mikerobin2508:10 PM Indeed Mikerobin2508:20 PM Any more questions? IDEKMyUsername08:20 PM uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh no Mikerobin2508:22 PM Okay then, I'm available here if you're interested and need my assistance Enjoy the rest of your day. IDEKMyUsername08:25 PM o ok Yesterday Mikerobin2501:48 PM https://www.fxstreet.com/cryptocurrencies/news/breaking-bitcoin-price-takes-down-9-000-as-10-000-beckons-202004300334 https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-gold-oil-2020-best-performing-assets-a9492641.html IDEKMyUsername01:51 PM O I bought it Mikerobin2501:51 PM Pardon? IDEKMyUsername01:52 PM I bought one Mikerobin2501:52 PM On what platform? IDEKMyUsername01:54 PM I'm idk the one u sent me Um* Mikerobin2501:55 PM Really? When did you do this and why wasn't i informed? Today IDEKMyUsername10:19 AM Oh like last last night I thought it was expected U sent me the link and everything ;( Mikerobin2510:22 AM You would have informed me so i can enlighten you more on the procedure. Are you aware that it's a mining platform and you earn profits as an investor? IDEKMyUsername10:23 AM Yah so what would profit be ya reckon? For let's say $1000 over liek a year Mikerobin2510:24 AM What name did you use in registering the account? IDEKMyUsername10:24 AM Uh I'd have to look it up But how much profit did u say it would be about? Mikerobin2510:27 AM 0.5 BTC a month depending on your investment capital that is, I would need the name of your account to register it under my personal database so i can provide you with information and assistance when needed. IDEKMyUsername10:28 AM O damn that's some big bucks right there .5 btc like what 4g? 4 times 11 that's $44,000 a month Mikerobin2510:30 AM How much did you invest and what is the name of your account? Your profit is calculated in respect of your investment capital IDEKMyUsername10:31 AM Like 11grand Mikerobin2510:31 AM And the name? IDEKMyUsername10:31 AM Mmmm How do I find it? Is there a way on the site Mikerobin2510:31 AM What name did you use in creating the account? Didn't you register? IDEKMyUsername10:32 AM Oh like my irl name I thought u meant like a username Mikerobin2510:32 AM Username is what i mean IDEKMyUsername10:33 AM It's gonna be under Jeffery Henderson Jeffery L. Henderson Mikerobin2510:35 AM Okay, Give me a second to record it and ascertain your expected profit. IDEKMyUsername10:35 AM Sick Did u find my account? Mikerobin2510:41 AM I can't find your records on the platform, Maybe a technical difficulty. Could you please sign in and send me a screenshot of your funds deposited through discord please? IDEKMyUsername10:41 AM So tell me mike Where's the cash? Mikerobin2510:41 AM Pardon? IDEKMyUsername10:41 AM You lost it, oh you misplaced it. Now mike you know I don't like to be lied to right? Mikerobin2510:43 AM Since i can't find your account on the platform, I guess that's the ending of our conversation. Good day. IDEKMyUsername10:43 AM So why THE FUCK ARE YOU LIEING TO ME Mikerobin2510:44 AM Prove that you have an account on the platform by sending a screenshot IDEKMyUsername10:44 AM I cannot I did it on Computer Mikerobin2510:45 AM The sign in through your phone, Do i seem like a fool to you? I have a lot of clients to attend to and i don't have time for games IDEKMyUsername10:45 AM I ain't the I one that took another man's money and now can't find it You don't have other clients Let's not play games here How do I get my money out of this depreciating asset? You better help me get my money out of this or were going to have a major issue Mike... IDEKMyUsername11:16 AM U serious rn bro? Ur gonna scam me out of my 💰 ? A day will come when you think yourself safe and happy,. But suddenly your joy will turn to ashes in your mouth. and you'll know the debt is paid IDEKMyUsername08:01 PM Br You still my 11 grand Stole What's your name Tell me Or I'll find you
It took a couple of months, some wise planning, some smart trades, a couple hundred dollars, and a bunch of balls to get to this point. I’m beyond ecstatic. I’m going for one bitcoin in about a year to two years time through the means of trading and deposits. Then from there I will continue to hold bitcoin and other coins until whenever. The future of Bitcoin and crypto as a whole has a very bright future and I truly believe we have only begun what’s going to be a very promising and fulfilling journey. I feel late to the pre game party but I believe I’m early to the actual party itself as I see things are just getting started. A decentralized currency that only exist digitally is like a golden ticket into Willy Wonka’s chocolate factory, there’s nothing better. Will it reach a million like few people say? Maybe in a time span of 10 to 20 years, but I believe that it’s current price is in fact low for what the technology is. I tell my grandparents that it’s like internet gold, it will never go away and will always be worth something. Even if it doesn’t become the global currency or whatever everyone dreams that it’s going to do, Bitcoin is valuable, extremely valuable, and it will always be valuable as technology continues to grow and progress. It’s the wild west with gold mines all over again, except this time it’s a digital currency that will never be owned by one entity or individual which is why I believe it is worth way more than what it’s currently being valued at. Today was a great day as I bought my last .01 so I could complete my tenth. The future is bright! EDIT: I had a few people down below attack me for trading calling me inexperienced. I do so happen to be a self taught experienced trader. I’ve traded for over a year or two. I learned everything there is to know about trading. I learned how to spot trends, what’s a gamble and what’s guaranteed. I don’t gamble but I do trade and so happen to have lots of success with it. I wouldn’t have the tenth if I had not traded. Period. I wouldn’t have the tenth if I had not bought some alts. Not shit coins, alt coins, you know, the better ones that have a future and potential with promising technology JUST LIKE BITCOIN. You may not have success trading or your buddy may have lost his stack trying to trade, but me, I do just fine with it. I can even write up a post to help others who seem to be corned into fear of trading because of fear of loss. You lose when the price goes down. Buy. You gain when price goes up, Sell. Spot the trend, read the graphs. It’s quite easy. I would have made more than a tenth but I don’t like to gamble and risk so I take the guaranteed trade that will earn me less but it’s still profit, period. Please do not attack me for my strategy, it has been highly successful. Thank you. EDIT 2: Others seem to be confused about my trading. I traded with small amounts to learn. That’s why it took so long to profit so much as I was making a dollar or two each trade. I could not afford to trade large amounts at the time. Yes I had success trading with about $500. It took time, but I learned and now know what I am doing. I do not trade on impulse, I am not an emotional trader, I read the graphs, look at the trend, and follow up with a buy or sell order. What I do works, period. EDIT 3: Maybe I should clarify that I own .1 Bitcoin but that is not all of my investments. I have more than .1 in other coins. I didn’t think to mention it as this is the bitcoin subreddit, not bitcoin and alt coins. So profit is well above what you would think. Sorry for the confusion.
Expecting a spike in bitcoin price? Investors say it may take time
Investors expecting a sudden surge in bitcoin's price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years. Bitcoin traded in narrow ranges after it went through a third so-called halving on May 11, which cut the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5. There were some expectations that bitcoin would soar, similar to what happened after the two previous adjustments as the "halving" effectively decreased its supply. The virtual currency has gained 11% since the adjustment, but it had more down days than up days and analysts said technical momentum overall was negative. In contrast, bitcoin had soared more than 40% from January this year until the "halving." On Thursday, bitcoin was at $9,783. It breached $10,000 twice after the "halving" but retreated as it found tough resistance at that level. "Bitcoin is on a see-saw, between bulls and bears," said Nicholas Pelecanos, head of trading at NEM Ventures. "On one end, we have network data and technicals; the other, strong fundamentals and a correlation to US stock indices." He added that bitcoin's network data is flashing more bearish than bullish signals, as he expects further short-term selling. Beyond the short term though, many investors expect a price surge. The first halving, in November 2012, catalyzed a rally for bitcoin from about $10 to $1,160 in 12 months. The second halving, in July 2016, saw bitcoin jump more than 300%, from $650 to $2,800 within the same time span. "It may take six to 12 months for investors to reap the rewards of post-halving price movements," said Lennard Neo, head of research at Stack Funds. "In reality, there is a significant time lag between the halving event and the establishment of renewed market equilibrium based on general supply and demand," he added. Since miners' profits have contracted as block rewards decreased by 50%, the "halving" has affected the supply side of bitcoin and increased the time needed for miners to find their break-even point. Once this is found, Stack's Neo said, bitcoin is likely to realize its "halving-induced" price appreciation. Investors are also banking on higher institutional demand to further propel the price of bitcoin. Fund flows into the biggest crypto asset managers have been robust in the midst of the coronavirus pandemic. "When we look at institutional inflows for our products and that of another asset manager, what you're seeing are purchases that have now outstripped, for the first time, new bitcoins being created by 150%," said Danny Masters, chairman of CoinShares, with $1 billion in crypto assets. Michael Sonnenshein, managing director at Grayscale with $4 billion in crypto assets under management, said since April the firm's bitcoin investment fund has ballooned to $3.5 billion as of June 2, from $2 billion at the end of the first quarter. "There's a lot of momentum and interest in investing in digital currencies particularly in the face of uncertainty, the pandemic, political tensions, and the amount of stimulus being pumped into the global economy," said Sonnenshein. James Wo, chairman of Digital Finance Group, a $500 million crypto and blockchain fund, likens bitcoin to digital gold, and as such, the digital currency has barely scratched the surface. "Bitcoin has great potential to grow," said Wo. "Gold has an eight trillion-dollar valuation, while bitcoin has less than $200 billion dollars in valuation. It just needs more time for mainstream adoption. People need enough time to fully understand and believe in it."
Blatant price guessing here, based on the golden ratio: (log price) Approximate previous highs: $32, $1000, $20K. Approximate ratios (first derivative): 33 (1000/32) and 20 (20K/1000). Approximate second derivative: 33/20 = 1/1.6 (or 1/phi for idiots like me). If this holds, the next first derivative will be 20/1.6 = 12.5. Then $20K x 12.5 = $250K. (linear time) Approximate dates of previous highs: May2011, Dec2013, Dec2017. Approximate time spans between: 2.5yr, 4yr. Approximate ratio: 1.6 (phi, or close enough lol). If this holds, 4yr x 1.6 = 6.4yr Dec2017 + 6.4yr = Apr2024, a few months before the next expected halving. If this is true, the next top should be around $250K around Apr2024, violating expectations for that halving just like this one lol. (Personally, I think the top will likely be closer to the halving, but still before it. Possible reasons for this, beside the obvious, include the fact that the cryptomarket peak was a few weeks after the bitcoin peak - relative local market forces could cause the date to be other than the expected - and the fact that 1.6 is less than actual phi, lol.) Just a guess: Smart money will "sell the news" at the time of the next halving, liquidating all the retail FOMO longs that anticipate the halving and the increase in the stock-to-flow ratio. Those liquidations will crash the market, eventually resulting in a relatively shallow bottoming in 2026 of around $20K, at which point the next halving will result in market action much like 2016-2017. The golden cycles of a natural market and the fixed 4 year cycles of bitcoin halvings are fundamentally at odds with each other, as are the dramatic changes in bitcoin due to the halvings. In nature, such disagreeing cycles find resonant behaviors that allow different parts to occasionally line up even while they are dissonant and chaotic at other times (think planetary orbits, lol). It is likely that, if bitcoin survives and remains dominant, such resonances will become common and studied, while it is similarly likely that if the cryptomarket in general survives and remains relevant, similar frequencies, along with a much great set of market golden cycles, will become fundamental to longterm market structure. imho PS, if the pattern above holds, which it is unlikely to do given so many competing currencies, bitcoin will next peak at $1.9M in Jul2034 (leaving it far below the expected stock-to-flow "fair value" at that point). But again, such massive golden cycles are much more likely to be much more relevant for the cryptocurrency market cap as whole than for bitcoin alone over such large and chaos-promoting time spans. And again, imho. PPS, I think we will see a mini-peak sometime in 2022 between $40K and $90K, followed by the aforementioned top, somewhat like a spread out version of what happened in 2013. Alternatively, we may see two mini peaks, one in 2021 around $20-25K, with another bouncing off both $100K and the "fair value" line in Dec2022-Mar2023. PPPS, this all assumes we don't see some crazy supercycle low sub-$1K (maybe $500-700 or $2100-2700 Oct2020-Apr2021), which while not necessarily invalidating the predictive utility of natural cycles and resonances like phi, may invalidate all specified date and price targets. lol PPPPS, there are two major conflicting factors moderating these predictions (guesses, lol): The first is relatively positive - that the 2014 bear market was exaggerated and lengthened due to the severity of Mt. Gox fiasco's effects on the market, thus potentially also taking the wind out of the 2017 bull market (hard to believe, I know, but the top probably should have been a bit over $30K (assumign the $+1K top in 2013 was correct)). And thus, this bull market may be relatively more powerful and faster than otherwise expected, evidenced in part by the (so far) relatively short duration of the bear market. The second factor is negative and significant, which is that the growth of bitcoin and the crypto market will lie on a curve resembling in some sense a logistic, namely that there's a limit to the number of people on earth, and the more people that adopt the fewer there will be that haven't, and the harder and more reticent the remaining group will be relative to previous converts (even as that reticence is of course competed with by seeing wider adoption occurring, lol). This and related factors will cause bitcoin's growth curve to decrease it's slope and growth derivatives in all frames. imho. If that growth deviates enough, it will eventually pierce every projected support among moving averages and those big log/quadratic curves everyone uses to project major tops and bottoms. PPPPPS, yah, this is partially here because I despise tradingview lmao TL;DR: $250K in Apr2024
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The future of buttcoin security and the fabled fee market.
Considering the recent events and premature "halving" before halving we got to see a glimpse of the future. Reminder - security of bitcoin blockchain is overwhelmingly paid for with block rewards. Fees are practically insignificant in comparison. This is temporary subsidy that is going to be significantly reduced in coming years if blockchain gods allow. Many blockchain bros (not all) hope that the coinbase reward (the block reward) will eventually be replaced with "healthy fee market" whatever it might be (and preferably sooner rather than later). Since bitcoin fans love their charts and predictions I decided to play along and examine the history of fee market and see if it teaches us anything. Let's take a look, shall we? As you can see, the history of fee market shows that the market....doesn't like fees, at all. It naturally gravitates towards spending less or waiting for better timing rather than spending more and outbidding each other at all costs ad infinitum. The only time a fee market strong enough to sustain the dwindling blockchain security happened was during the top of the bubble, the absolute climax of unsustainable, irrational, international mania when people spent 30 bucks on average and those more impatient even 50 bucks or more in a rush to the checkout line. Blockchain was humongously clogged. Historically it was a short lived aberration borne of massive fomo inducing hysteria that quickly illustrated just how slow and expesive the whole shebang is if it is actually used by the people and led to an embarrasing display that caused much disillusionment, confusion and disgust afterwards (some people had their transactions stuck for weeks or even months). So history and data teaches us people hate fee market and they avoid it when they can. And let's be frank, fees for anything suck, nobody likes them, nobody likes friction, people like FREE. The second thing blockchain bros love are divagations about game theoretic incentives that make the bitcoin blockchain work (selfish desires and actions, not altruism). So what human nature teaches us about the fee market? Well first of all people hate paying for shit and they prefer to follow the path of least resistance and cheap out whenever possible. I mean who doesn't like to save some money, right? This is consistent with observations of fee market, usually it results in self cleaning, self balancing act of organic clearing of the mempool after it becomes a bit too bloated. People who aren't in a huge rush decide to send their transactions later or set a low fee and simply wait for them to go through. Those who can pay, pay and come first and eventually the mempool cleans and every "hobo transaction" goes through anyway most of the time. This is also consistent with behavior of people who advise to follow the path of least resistance when responding to complaints about fees. It's just natural to us. The fee market is as of now a myth or a desired outcome supported by NOTHING and it is inconsistent with 10 years worth of behavioral data. You're dealing with humans, not robots so expecting you can engineer them to act against their selfish biases and observable behavioral patterns is about as smart as engineering plants with lysenkoism. The plants don't care about your belief system, they work according to their nature. So do humans. You can work within the framework you have or you can 'prax it out' and conjure scenarios disconnected from observable reality. Maybe I'm missing something critical, some untold secret or some secret weapon blockchain bros will deploy when the reward drops so much it becomes a serious concern but it seems to me fee market expectation (again, based on nothing) will result in a bitter disappointment. Some who never bothered to do some basic math believe this is a matter to be thinking about around 2140 or something like that when reward subsidy ends forever but the brutal nature of constant halvings rears its ugly head quite fast. Remember 2 halvings slash reward to a quarter. 3 halvings slash reward from 100% to mere 12.5% of whatever you started with. For example when price was 10k miners earned 1800 x 10k = 18 million as a whole. That was the security budget of the entire system. At current halved prices (say ~5k) and after next subsequent halving you will see de facto the quartering of a reward to a measly 900 x 5k = 4.5 million. That's 75% cut in the span of several months. Ouch. Look what happened to Litecoin hashrate, it's a harbinger of total devastation. Now even if the price rebounds you just kick the can down the road. In 2024 the reward is slashed to 450, in 2028 it goes to 225. At "reasonable" 10k price it outputs tiny 2.25 million respectively. And then it halves, and halves, and halves, and halves. If the fee market won't pick up and/or the price won't go to some unreal levels...yeah, you're gonna hear the "inflation" talk eventually bros. Prepare for it, this is the idea that talking heads who preached about unassailable 21m limit will entertain increasingly more often in the coming years. Maybe there will be paradigm shift and every remaining hardcore holdout who bought into initial unchangeable 21m limit propaganda will be shunned and gaslighted? You will see new civil wars over this, that's for sure. Ps. Yes, in case you wondered this is good for bitcoin ( I mean everything is).
Bitcoin traded in narrow ranges after it went through a third so-called halving on May 11, which cut the rewards given to those who “mine” bitcoin to 6.25 new coins from 12.5. Arabica coffee is modestly lower today after Citigroup cut its second half of 2020 arabica-coffee price forecast to 90 cents a pound from a previous forecast of $1.20 a pound. Reply 1 0 The average price over a chosen time span; If it’s predicted the Bitcoin price will increase, this encourages more people to buy. This can drive up the price, and vice versa. in solidarity with black people and then we took it out to the world. >> watch "after words" sunday night at 9:00 p.m. eastern on c-span2's book tv. >> c-span's history series landmark cases returns this month with a look at 12 new supreme court cases. each week historians and experts join us to discuss the constitutional issues and personal stories behind the significant supreme court On the days they were active, Markus and Willy purchased large amounts of bitcoins. As Table 1 shows, Markus purchased on average 9,302 BTC, which accounted for approximately 21% of Mt. Gox’s daily volume of trades. On the days Willy was active, he purchased on average 4,962 BTC, which accounted for 18% of Mt. Gox’s daily volume of trades.
BREAKING: MAINSTREAM MEDIA PUMPING BITCOIN [Stephen Colbert, CNBC, C-SPAN]
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