Bitcoincharts Kraken - LTC Trade History

It's finally here. The Bitcoin Super Guppy has flipped green on the 1-week chart 2012: 400-day uptrend followed a flip green 2016: 700-day uptrend followed a flip green 2019: The 1W Super Guppy has finally flipped green and it shall be a bountiful market the next few years. $BTC $XRP $LTC $BCH

It's finally here. The Bitcoin Super Guppy has flipped green on the 1-week chart 2012: 400-day uptrend followed a flip green 2016: 700-day uptrend followed a flip green 2019: The 1W Super Guppy has finally flipped green and it shall be a bountiful market the next few years. $BTC $XRP $LTC $BCH submitted by CaptainWeee to u/CaptainWeee [link] [comments]

A Lost Gem In A Sea Of Shitcoins

What’s up everyone!
 
Yeah, it’s another one of “those”. But honestly, after being in the game for long enough, you end up developing an eye for the good coins. Not the “good” ones, the GOOD ones. Believe it or not, research and common sense is the name of the game!
 
A little bit more about me: I come from a business & logistics management background. I started investing in cryptocurrencies and trading a little more than six months ago. As a person, I am very detail oriented and I’ve been researching all kinds of cryptos, for hours a day, for the past six months. The more I researched, the more I learned, the more I became hungry for knowledge, and therefore the more i researched. From trading to cryptocurrency basics, their economics, their political implications, the technology revolution they represent, the human psychology aspect as well as emotional trading behaviours (FOMO, FODO, etc.), all of it!
 
I’ve purchased Ethereum at 150$ (when I first started in crypto). Then NEO back when it was still AntShares and trading under 3$. Gas (Antcoin back then) at 30c, OMG when it was sub-1$, and ETP at exactly a dollar (selling it later at 5$). This was all before I even knew how to do a basic margin trade & was still in the process of learning about crypto (and while tether still had a “reasonable” market cap! LOL)
 
My approach is pretty simple when it comes to crypto. I split coins into seven main categories:
 
-Store of Value (BTC)
-Payment (DASH, BCH, LTC)
-Pure Anonymity and/or Evil Stuff (XMR)
-Platform/platform’ish (ETH, NEO, LISK, CARDANO, ETP, Iota, Factom and the likes)
-Shitcoins (99% of ERC20 tokens)
-Absolute Shitcoins (Boolberry, Embercoin et al.)
-Fee Split / Dividend Coins
 
That last category is my favorite. While I do strongly believe in diversification (10% store of value, 10% payment, 5% anonymity, 25% platform in my case), I always have a “lean” towards coins that make business sense. Coins that derive their value directly from the amount of usage the platform gets (Factom, for example). Coins such as NEO, BNB, Kucoin, Coss, ICN, TenX and the likes, basically coins that either have a direct “dividend-paying” property (NEO generating gas, Kucoin/Coss awarding holders with a % of the exchange’s trading fees) or an indirect “dividend paying” property such as BNB, ICN, TenX using quarterly profits to buy back their own coins and burn them, thus raising the value of the rest of the coins in circulation over time.
 
Now let’s look at market caps of these direct and indirect “dividend” coins.
 
Neo: 2.3B
TenX: 246M
Binance: 200M
Iconomi: 155M
Kucoin: 44M (68M at ath, not too long ago)
Coss: 5M
 
You see that odd one there with only 5M market cap? Yeah. That’s the great buy right now. That’s the x10, x20 or even x30 that most people haven’t realized yet. That’s also the “dividend coin” you can scoop a ton of while it’s on the cheap, and make massive recurring revenue from as the exchange solidifies and evolves.
 
What is COSS? COSS stands for Crypto One Stop Solution. They’re a Singapore based cryptocurrency exchange with an amazing team that’s currently expanding. They aim at becoming the “One Stop” solution for crypto, meaning A) an exchange, B) a payment gateway for merchants to accept crypto payments, and probably sometime in the future C) crypto debit/credit cards. They offer their own coin (COSS coin), and holders of this coin receive 50% of the trading fees generated by the exchange (more on this later).
 
Now, what a lot of people still don’t realize in crypto, you don’t invest in the bigger market cap coins expecting to make a killing (“the moonshot”). Sure, they’ll bring you nice long term growth as the whole market matures, and that’s where you want to diversify and solidify your portfolio, solid coins with a purpose. But what if you want more thrill? An actual opportunity to “moon”? You find a project that makes business sense, that has at least a working product, and a good team. Buying NEO at 2.5B market cap? You missed the boat, it was a dollar a few months ago and already went x60 (“mooned”), and now stabilized at roughly x38. OMG had it’s x10-15 already. BNB as well. Their market caps are big, and a lot of buying needs to happen to even double in price.
 
Antshares (NEO) back then was a steal at 1, 2 and 3$. It was a huge risk, with huge rewards. They didn’t even have a product other than their blockchain. No dApp running or even being built on it, no english resources to even figure out how to code on it and deploy a smart contract, no marketing, hell we didn’t even know if Da Hongfei was still alive. All it was is a Chinese based smart contract platform, with an innovative dBFT concensus algorithm. It was a 100M market cap coin that early adopters believed in, and essentially invested in when it was not much more than a website and a blockchain. Look where it’s at now, with more than a dozen dApps being built on it, a solid team of roughly 10 devs, with the NEO council also funding City of Zion (team of 20+ NEO devs). NEO has grown into an incredible community, and is now launching coding dApp contests left and right, with the latest one in partnership with Microsoft china & offering half a million dollar’s worth in prizes.
 
NEO holders get rewarded with GAS on a daily basis. When NEO gets further adoption, all fees such as registering an asset, deploying a contract, changing an asset, etc. will be redistributed to NEO holders as well on a pro rated basis. Only transaction fees are not, as those will go out to MasterNodes. If you got yourself a thousand NEO’s back when they were a dollar or two a piece, you’re now generating 7 gas per month. That’s roughly 161$ USD per month, on a recurring basis, at current gas prices, out of a 1000$ investment. That’s a whopping 16.1% PER MONTH on original investment, and not even counting the fact that you pretty much made 37000$ profit on the NEO’s themselves. Today? Well, you gotta dish out 38000$ to buy a thousand neos and make 161$ per month, basically bringing you 0.4% per month on original investment.
 
Same with bitcoin. Early adopters that got it at pennies. It just hit $10K USD a piece. For every 30 cent spent purchasing bitcoin in 2009, you’d have $10K USD in the bank account. Invested 3$? 100K. Invested 30$? 1M.
 
Ethereum? From a dollar to half a grand now.
 
Moral of the story? Early adoption pays off. History repeats itself, and it will continue to do so. Bitcoin was digital money for nerds, ethereum was a cool project that nobody really gave a crap about until they got EEA which showed credibility (early adopters of eth had a great vision, I’ll give them that!). Neo was chinese vaporware. What do they all have in common? Their.Early. Adopters. Made. A. Killing.
 
Look where they stand now. Look where a lot of coins stand now. Even a lot of ERC20 tokens that don’t even really have a reason to exist have market caps over 100M. And for what? They don’t reward you with anything other than price increasing because more people buy (greater fool theory)? They don’t reward you with dividends from the project/platform itself? Their value isn’t derived directly from the amount of usage it gets (a la Factom, PaulSnow you genius.)? They still don’t even have a minimum viable product to show? When you ask yourself why does it need a coin, and the answer is either “uhh…” or “oh it grants you voting rights” (that nobody gives a crap about, let’s be honest), you should reconsider your investment strategy. Cause I can tell you a lot of people don’t know what the hell they’re doing, and they’d be better off diversifying in the top 5 or 10 coins and holding than investing in the shitcoinfest that crypto has become.
 
And that’s why COSS is a pretty buy right now. You’re investing in a platform that’s already up and running, not a whitepaper or vaporware. Hell even Eth and Neo were riskier investments for early adopters. Let’s go over the cons first:
 
It’s ugly. The UI sucks.
It doesn’t have API’s yet, meaning there’s no bots to create liquidity, and therefore low volume.
It’s been fudded to death by KuCoin shills (and their referral links you’ve seen everywhere a month ago).
Charts are horrible
 
That’s about it. Whenever you read up about coss, those are the cons you’ll find. But what about the pros? Well, all of this is in the process of being fixed, as we speak.
 
Singapore has lax laws about cryptocurrencies and issued a statement it does not feel the need to regulate them.
It’s securing exclusive ICO’s already despite being a tiny exchange, and has mentioned being able to secure from 4 to 6 per month.
The team listens to the community’s feedback and takes it seriously. This is Gold. One of the first things they were criticized about was trying to do too many things at once (an exchange, a payment gateway, a full one-stop solution for crypto, etc.) and they’ve taken the community’s advice and decided to focus solely on the exchange for now and build it properly, before branching out to the rest. “Better excel at one thing and build from there, than be mediocre at multiple things at once”
Also following community feedback, they are implementing trading promotions “a la Binance”.
Part of the total supply of COSS tokens will be donated to charities (the community votes to who they go). First of all, that’s just plain nice. Secondly, I find it pretty damn cool that we donate this for good causes, and they basically keep “generating” income from it. It’s basically like a “perpetual donation” on behalf of COSS and all of its users, and definitely will make a lot of people feel good about using the exchange. Thirdly, this pretty much guarantees millions of COSS tokens are going to be in perpetual “HODL” mode, essentially taking them off the market.
They will be implementing a FIAT gateway sooner than later. We all know FIAT gateways are game changers.
They are constantly hiring. The team growing is definitely a good sign.
They are revamping the overall UI and charts, once again following the community’s advice, and the proposed new look is fantastic! Check it out here, as well as other great announcements: https://medium.com/@runeevensen/coss-io-7379b7628d93 EDIT: It has been brought to my attention that there is a UI upgrade scheduled for tomorrow (Dec. 3rd), although it isn't clear if it's a minor one or the actual major overhaul, might wanna keep an eye out on that!
They are upgrading the matching engine and releasing API’s soon to allow bots to create liquidity and significantly raise the trading volume.
Unlike KuCoin, the revenue split (COSS token holders) will always receive 50% of the fees, whereas kucoin will start decreasing it in 4-6months and it will bottom out at 10-15%
The revenue split from trading fees is controlled by a DAO, meaning the COSS team cannot arbitrarily decide to change it later down the line, unlike KuCoin where the control over the fee split is centralized and they decrease it as they please.
The DAO model also avoids it being labeled a security. First of all, those aren’t really “dividends” as dividends would require them to calculate income minus expenses to determine profit, and then distribute this profit to shareholders, and obviously that’s a legal nightmare. With the DAO model, you don’t get a percentage of the “profits”, you get a revenue split from the exchange fees, and it’s done by clicking a “distribute” button which makes a call to the smart contract and distributes your coins. COSS itself is not giving you anything
COSS is still in Beta. It has a tiny market cap. Now’s the time to pick it up, not when it’s out of beta and has become successful, or you’ll be in another Antshares/NEO situation. A ridiculously small move from 5M to 50M in Mcap and that’s x10, a move from 5M to 150M (still under binance levels) and that’s x30.
In the long run, COSS aims to be more than just an exchange. Holders of the token, who currently get 50% of the exchange’s trading fees, will also get 50% of other fees charged from coss. This includes their eventual payment gateway. Merchants around the world wishing to accept crypto payments will be able to use COSS’s gateway and COSS will charge a 0.75% fee per transaction. We, as COSS holders, also get 50% of that. You believe crypto is the future and going mainstream? Well your COSS will entitle you to the revenue generated by tens of thousands, if not hundreds of thousands of businesses accepting crypto payments via COSS Point-Of-Sale.
COSS also mentioned that all other COSS “fee generating” products to come will all be subject to the same DAO/50% split. Logically, If they have 1) The trading platform, and 2) the payment gateway, then the third step is solving the problem of spending the crypto in places that don’t accept direct crypto payment, AKA a crypto credit/debit card. Well, guess what? Users of such cards will be charged a small fee as well when their crypto is being converted to fiat in real time for payment at a gas station. We as COSS holders are, again, getting 50% of that fee. As you can see, this is a coin that makes business sense to invest in. Unless you really, reaaaaaally care about a coin being the “Future of decentralized prediction markets” or “the future of decentralized dating” or the “decentralized gambling coin” and whatnot.
Smart money is smart. It's only a matter of time before savvy investors discover this coin.
 
What do the dividends look like (credits to lickmypussy28):
 
Here’s an excel showing the Yearly %ROI based on the COSS exchange volume and your COSS token buy-in price: https://i.imgur.com/XKjjCbZ.png
 
Here’s another one showing how much you’d make in USD per year based on how many COSS tokens you own, again all relative to the volume on the left: https://i.imgur.com/p15DKAr.png
 
Lastly, here’s another showing the exact same as above but on a weekly basis: https://i.imgur.com/ezp5FCV.png
 
ALTHOUGH, keep in mind, the calculations above take into consideration an average trading fee of 0.2% and while this fee is accurate right now, it will most likely average 0.1% once API’s are released and liquidity/market maker bots start operating on the platform. Also, the calculations above do NOT take into consideration that in 4 years from now, there will be 200M (hard cap) COSS tokens on the market. HOWEVER, these calculations also do not take into consideration that by then, COSS will have a fully up and running payment gateway, crypto credit cards, and other revenue-generating products such as a crowdfunding platform, smart contract deployment platform, etc. that are also generating revenue for COSS holders.
 
All in all, if all goes as planned, the payment gateway/cards/other products will negate the additional COSS tokens released in the market as well as the average trading fee of 0.1%, and therefore the numbers presented in the excel docs will remain sensibly the same. Also, if crypto really takes off in the mainstream, then the revenue split to coss holders from the payment gateway & credit card spending could very well double, triple or quadruple all the numbers you’re seeing in these excel sheets, and that’s on the low end. Remember, the exchange only charges 0.2% (0.1% average once we have bots) out of which we get half, but the payment gateway on the other hand charges a flat 0.75% (7.5x the what the exchange’s fee), out of which COSS holders get half. This could be a massive revenue driver, easily surpassing the exchange itself, and honestly if at that point in time this coin is NOT valued at 3B+ (I mean, even ethereum classic is over that right now..), then I’ll just give up on the whole notion of logical thinking.
 
Quick example, assuming in 4 years 50M in gateway processing daily (18B yearly), 0.375% of that would be 187.5K USD daily for COSS holders. With 200M Coss tokens total supply, if you hold 10K coss you’d generate 9.375$ per day (65$ per week, 282$/mo.), and that’s purely from the gateway (totally excluding the exchange revenue, crowdfunding revenue, credit card revenue, etc.).
 
If you have 100K coss you’d generate 93.7$/day, 650$/week, 2820$/mo, again purely from the gateway.
 
If you’d rather assume more conservative figures (let’s say 25M in daily gateway processing on COSS, all around the globe, or 9B yearly), then simply divide these figures by half. If you wanna go balls to the walls, double them (100M daily, 36B yearly). Play around, have fun with the numbers! To keep things in perspective, square has processed 50B’s worth of transactions in 2016. Therefore I believe using 9B, 18B and 36B for our calculations isn’t too far fetched, and actually pretty reasonable.
 
Anyway, to sum this up, no matter how you look at it, COSS is an extremely promising project with huge potential, and actually has working math (and a working beta!) behind it. It’s only a matter of a month or two before they’re out of their Beta, have upgrades to their UI and engine, and start really growing from there. The team listens to the community, which is super important, and they’re working on a multitude of revenue streams, out of which not only them, but all coss holders will benefit from, fifty fifty.
 
Their crowdfunding platform will be a competitor to indiegogo, gofundme, kickstarter, and they’ll have a small percentage fee (50% of which goes to COSS holders). The crypto Point-Of-Sale will be a competitor to Square and the likes (50% revenue to COSS holders). The crypto credit card (also 50% revenue to COSS holders). It is truely an admirable project. Shovel manufacturers made a killing during the gold rush, and COSS is positioning itself as the shovel manufacturer in the crypto adoption gold rush. This is a coin that makes sense to invest in, it is ultra tangible, and will give greater returns than any type of “decentralized [insert function here]” type coins.
 
On a personal note: Honestly, I believe this is the proper way to ICO, by NOT giving people worthless tokens that only go up in value due to speculation (looking at you, 99% of ERC20 tokens). Let investors guide you, let them reap 50% of the rewards as THEY are the ones funding you. This’ll keep the investors interested in the project, and every single one of them will have a direct incentive to vouch for your product. It’s only right for the investors to get rewarded with something tangible, I’d take that any day over a speculative shitcoin who’s only purpose was to put money in the project’s founders pockets
 
Oh, and cherry on the sundae: they are planning on launching massive marketing campaigns as soon as UI and trading engine are ready, Q1 2018, as you can see in Rune’s Nov 27th update. I suggest you read it, it puts us up to date on a lot of exciting new things: https://medium.com/@runeevensen/coss-io-update-november-27th-fa74f1237062
 
Quoted directly from said link: “For those that are most interested in discussions regarding the trading price of COSS. Please have in mind that when we entered our token sale, our clear sales message was a 3–5 year road-map, and not a 3–5 months pump and dump. We are a small team, doing our utmost to deliver and all we ask is for you to continue to give us feedback and also for you to give us some time to deliver. *That being said. We still aim to be out of BETA as soon as possible with a new engine for the exchange in Q1 2018. New UI should be in place well before that.** Once we feel we have this in place we will roll out massive marketing campaigns to attract users and increased volume. So although we have a 3–5 year road-map ahead, you should expect to see 2018 being “our year”. The 3–5 year plan is more on the complete roadmap when we proudly can call ourselves a one-stop solution. For now it is all about the exchange, and there we will see rapid changes over the coming weeks/months.”*
 
All in all, i’d like to thank the COSS team for actually caring about their investors, keeping them in the loop, listening to their feedback and giving them a unique and tangible opportunity. I’d also like to thank all the other COSS investors, who see a huge potential in this project and support the team, and lastly, all of you crypto-heads for reading through!
 
Happy hodling, and hopefully see you all at 500M+ market cap by late 2018 :)
 
-Some random guy on Reddit.
 
PS: Not investment advice. Always do your due diligence. Also, if you’d like, you can join the discussion at /cossIO
 
Friendly reminder: ETH is the quickest way to get your funds on the COSS exchange, and COSS/ETH pair has 4x the volume of the COSS/BTC pair.
submitted by globetrotter_s14 to CryptoCurrency [link] [comments]

2019 Cryptocurrency (Elliott Wave): Easter Update

05-APR-2019 Cryptocurrency (Elliott Wave): Bull Market…?
https://bitcointalk.org/index.php?topic=5128394.msg50467456#msg50467456
20-APR-2019 Cryptocurrency (Elliott Wave): Easter Update
https://bitcointalk.org/index.php?topic=5128394.msg50681435#msg50681435
12-MAY-2019 Cryptocurrency (Elliott Wave): Sell In May And Go Away?
https://bitcointalk.org/index.php?topic=5128394.msg51017295#msg51017295
17-JUN-2019 Cryptocurrency (Elliott Wave): Solstice Update
https://bitcointalk.org/index.php?topic=5128394.msg51505513#msg51505513
28-JUL-2019 Cryptocurrency (Elliott Wave): Inflection Point
https://bitcointalk.org/index.php?topic=5128394.msg51975328#msg51975328
26-OCT-2019 Cryptocurrency (Elliott Wave): Trick or Treat…?
https://bitcointalk.org/index.php?topic=5128394.msg52880531#msg52880531
24-NOV-2019 Cryptocurrency (Elliott Wave): Thanksgiving Update
https://bitcointalk.org/index.php?topic=5128394.msg53171045#msg53171045
24-DEC-2019 Cryptocurrency (Elliott Wave): Christmas Update
https://bitcointalk.org/index.php?topic=5128394.msg53430396#msg53430396
Since the 15-DEC-2018 low, the Bitcoin markets have rebounded with a 75% gain into Easter 2019 —quite a resurrection from the 2018 bear market which saw an 85% decline in value. With price action unfolding in impulsive waves thus far, it is becoming increasingly apparent to suggest a bull market is underway.
A simple Eggiott Wave model would propose a five wave structure, consisting of three advancing bull market waves, interwoven with two declining bear market waves. Overlaying this model onto Bitcoin suggests:
Wave 1: the first bull market wave 2010-2013 (1219 days), followed by; Wave 2: the first bear market wave 2013-2015 (426 days), followed by; Wave 3: the second bull market wave 2015-2018 (1065 days), followed by; Wave 4: the second bear market wave 2018-2019 (363 days), followed by; Wave 5: the third and final bull market wave 2019-? 
The five aforementioned have been considered as PRIMARY degree waves —such waves elapse the course of a few months to a couple of years.
Timewise, the first two bull markets (Waves 1 and 3) elapsed 1142 days on average; and, the first two bear markets (Waves 2 and 4) elapsed 395 days on average. Bull markets have lasted almost three times longer than bear markets. Thus, an intuitive linear projection would propose the current third and final bull market (Wave 5) to complete by the year 2022 or earlier. However, since the current fifth and final Eggiott Wave is by typical definition only required to revisit or just exceed the high of the third wave, it may suggest the current bull market may be comparatively contracted in price and time.
The first Bitcoin halving occurred on 28-NOV-2012, approx midway through the first bull market. The second Bitcoin halving occurred on 09-JUL-2016, approx midway through the second bull market. The third Bitcoin halving is tentatively scheduled for 21-MAY-2020, perhaps midway through the third and final bull market or at the end?
A common wave relationship guides the price of the fifth and final wave to be equal to, or extend a Fibonacci 1.618 times the length from the low of the first wave through to the high of third wave, projected from the low of the fourth wave. This provides a conservative target of the current bull market to conclude between $22912 and $35127 calculated using the BraveNewCoin (BNC:BLX) index…
@22912: PRIMARY[5] = (PRIMARY[1] + PRIMARY[3]) * 1 @35127: PRIMARY[5] = (PRIMARY[1] + PRIMARY[3]) * 1.618 
Projected from the 15-DEC-2018 low, the aforementioned conservative price targets are a 630% to 1020% gain, or 825% on average. The average gain alone would be sufficient enough to qualify the current fifth and final PRIMARY[5] wave which would exceed the 2017 high of the third PRIMARY[3] wave, albeit marginally.
However, for the popular altcoins like LTC and ETH, an 825% gain projected from their 2018 lows would only retrace half of their respective bear markets. Even a 1000% gain in LTC and ETH would fail to match their 2017 all-time highs. Furthermore, there are altcoins such as LTC where the 2018 bear market low overlapped the high of their respective 2013 bull markets highs. Such a price overlap negates an impulsive wave structure, and thus would suggest a corrective wave structure as follows (indicative of price/structure, not time):
The short to medium term wave structure of Bitcoin thus far appears to be impulsively advancing from the orthodox 06-FEB-2019 bear market low, with maximum pullbacks at 11% on average. Four waves seem to have completed which have been classified as MINUTE degree —waves of such degree elapse from a few days to a week:
24-FEB: MINUTE[i] 27-FEB: MINUTE[ii] 10-APR: MINUTE[iii] 15-APR: MINUTE[iv] 
The third MINUTE degree wave which completed on 10-APR, itself subdivided into five smaller impulsive waves classified as MINUETTE degree waves. A decline below the low of 15-APR would suggest MINUTE[iv] pullback is still in progress which ought to find support at the low of 04-APR. Otherwise however, it appears the final MINUTE[v] degree wave appears to be currently underway. Once MINUTE[v] completes, the first MINOR degree wave of the bull market will have completed, and the first largest pullback of the bull market will commence —perhaps an approx 30% decline. At this point in time, price will be required to decline to the 24-FEB high to terminate the proposed wave structure, and quite possibly the bull market. The degree of wave labeling is currently tentative and subject to revision (i.e. may be either upgraded or downgraded in degree); however, the waves remain fixed.
BITSTAMP Support Zones: 5198, 4306, 3322, 2713, 2221 BITSTAMP Resistance Zones: 5898, 6390, 6882/7026, 7491 
Charts are indicative of price/structure, not time.
submitted by 12345abcde00001 to BitcoinMarkets [link] [comments]

25 Tools and Resources for Crypto Investors: Guide to how to create a winning strategy

Lots of people have PM'd me asking me the same questions on where to find information and how to put together their portfolio so I decided to put a guide for crypto investors, especially those who have only been in a few months and are still confused.
This is going to be Part 1 and will deal with research resources, risk and returns. In Part 2 I'll post a systematic approach to valuation and picking individual assets with derived price targets.

Getting started: Tools and resources

You don't have to be a programmer or techie to invest in crypto, but you should first learn the basics of how it functions. I find that this video by 3Blue1Brown is the best introduction to what a blockchain actually is and how it functions, because it explains it clearly and simply with visuals while not dumbing it down too much. If you want a more ELI5 version with cute cartoons, then Upfolio has a nice beginner's intro to the blockchain concept and quick descriptions of top 100 cryptocurrencies. I also recommend simply going to Wikipedia and reading the blockchain and cryptocurrency page and clicking onto a few links in, read about POS vs POW...etc. Later on you'll need this information to understand why a specific use case may or may not benefit from a blockchain structure. Here is a quick summary of the common terms you should know.
Next you should arm yourself with some informational resources. I compiled a convenient list of useful tools and sites that I've used and find to be worthy of bookmarking:
Market information
Analysis tools
Portfolio Tracking
Youtube
I generally don't follow much on Youtube because it's dominated by idiocy like Trevon James and CryptoNick, but there are some that I think are worthy of following:

Constructing a Investment Strategy

I can't stress enough how important it is to construct an actual investment strategy. Organize what your goals are, what your risk tolerance is and how you plan to construct a portfolio to achieve those goals rather than just chasing the flavor of the week.
Why? Because it will force you to slow down and make decisions based on rational thinking rather than emotion, and will also inevitably lead you to think long term.

Setting ROI targets

Bluntly put, a lot of young investors who are in crypto have really unrealistic expectations about returns and risk.
A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 10% ROI in a month to be unexciting, even though that is roughly what they should be aiming for.
I see a ton of people now on this sub and on other sites making their decisions with the expectation to double their money every month. This has lead a worrying amount of newbies putting in way too much money way too quickly into anything on the front page of CoinMarketCap with a low dollar value per coin hoping that crypto get them out of their debt or a life of drudgery in a cubicle. And all in the next year or two!
But its important to temper your hype about returns and realize why we had this exponential growth in the last year. Its not because we are seeing any mass increase in adoption, if anything adoption among eCommerce sites is decreasing. The only reason we saw so much upward price action is because of fiat monetary base expansion from people FOMO-ing in due to media coverage of previous price action. People are hoping to ride the bubble and sell to a greater fool in a few months, it is classic Greater Fool Theory. That's it. We passed the $1,000 psychological marker again for Bitcoin which we hadn't seen since right before the Mt.Gox disaster, and it just snowballed the positivity as headline after headline came out about the price growth. However those unexciting returns of 10% a month are not only the norm, but much more healthy for an alternative investment class. Here are the annual returns for Bitcoin for the last few years:
Year BTC Return
2017 1,300%
2016 120%
2015 35%
2014 -60%
2013 5300%
2012 150 %
Keep in mind that a 10% monthly increase when compounded equals a 313% annual return, or over 3x your money. That may not sound exciting to those who entered recently and saw their money go 20x in a month on something like Tron before it crashed back down, but that 3X annual return is better than Bitcoin's return every year except the year right before the last market meltdown and 2017. I have been saying for a while now that we are due for a major correction and every investor now should be planning for that possibility through proper allocation and setting return expectations that are reasonable.

Risk Management

Quanitifying risk in crypto is surprisingly difficult because the historical returns aren't normally distributed, meaning that tools like Sharpe Ratio and other risk metrics can't really be used as intended. Instead you'll have to think of your own risk tolerance and qualitatively evaluate how risky each crypto is based on the team, the use case prospects, the amount of competition and the general market risk.
You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm) as ultimately everything is tied to how Bitcoin does, but also its own inherent risk specific to its own goals (Ri).
Rt = Rm +Ri
The market risk is something you cannot avoid, if some China FUD comes out about regulations on Bitcoin then your investment in solid altcoin picks will go down too along with Bitcoin. This (Rm) return is essentially what risk you undertake to have a market ROI of 385% I talked about above. What you can minimize though is the Ri, the aset specific risks with the team, the likelihood they will actually deliver, the likelihood that their solution will be adopted. Unfortunately there is no one way to do this, you simply have to take the time to research and form your own opinion on how risky it really is before allocating a certain percentage to it. Consider the individual risk of each crypto and start looking for red flags:
  • guaranteed promises of large returns (protip: that's a Ponzi)
  • float allocations that give way too much to the founder
  • vague whitepapers
  • vague timelines
  • no clear use case
  • Github with no useful code and sparse activity
  • a team that is difficult to find information on or even worse anonymous
While all cryptocurrencies are a risky investments but generally you can break down cryptos into "low" risk core, medium risk speculative and high risk speculative
  • Low Risk Core - This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. Bitcoin, Litecoin and Ethereum are in this class of risk, and I would also argue Monero.
  • Medium Risk Speculative - These would be cryptos which generally have at least some product and are reasonably established, but higher risk than Core. Things like ZCash, Ripple, NEO..etc.
  • High Risk Speculative - This is anything created within the last few months, low caps, shillcoins, ICOs...etc. Most cryptos are in this category, most of them will be essentially worthless in 5 years.
How much risk should you take on? That depends on your own life situation but also it should be proportional to how much expertise you have in both financial analysis and technology. If you're a newbie who doesn't understand the tech and has no idea how to value assets, your risk tolerance should be lower than a programmer who understand the tech or a financial analyst who is experienced in valuation metrics.
Right now the trio of BTC-ETH-LTC account for 55% of the market cap, so between 50-70% of your portfolio in low Risk Core for newbies is a great starting point. Then you can go down to 25-30% as you gain confidence and experience. But always try to keep about 1/3rd in safe core positions. Don't go all in on speculative picks.
Core principles to minimize risk
  • Have the majority of your holdings in things you feel good holding for at least 2 years. Don't use the majority of your investment for day trading or short term investing.
  • Consider using dollar cost averaging to enter a position. This generally means investing a X amount over several periods, instead of at once. You can also use downward biased dollar cost averaging to mitigate against downward risk. For example instead of investing $1000 at once in a position at market price, you can buy $500 at the market price today then set several limit orders at slightly lower intervals (for example $250 at 5% lower than market price, $250 at 10% lower than market price). This way your average cost of acquisition will be lower if the crypto happens to decline over the short term.
  • Never chase a pump. Its simply too risky as its such an inefficient and unregulated market. If you continue to do it, most of your money losing decisions will be because you emotionally FOMO-ed into gambling on a symbol.
  • Invest what you can afford to lose. Don't have more than 5-10% of your net worth in crypto.
  • Consider what level of loss you can't accept in a position with a high risk factor, and use stop-limit orders to hedge against sudden crashes. Set you stop price at about 5-10% above your lowest limit. Stop-limit orders aren't perfect but they're better than having no hedging strategy for a risky microcap in case of some meltdown. Only you can determine what bags you are unwilling to hold.
  • Diversify across sectors and rebalance your allocations periodically. Keep about 1/3rd in low risk core holdings.
  • Have some fiat in reserve at a FDIC-insured exchange (ex. Gemini), and be ready to add to your winning positions on a pullback.
  • Remember you didn't actually make any money until you take some profits, so take do some profits when everyone else is at peak FOMO-ing bubble mode. You will also sleep much more comfortably once you take out the equivalent of your principal.

Portfolio Allocation

Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. OnChainFX has some segment categorization to think about:
  • Currency
  • General Purpose Platform
  • Advertising
  • Crowdfunding Platform
  • Lending Platform
  • Privacy
  • Distributed Computing/Storage
  • Prediction Markets
  • IOT (Internet of Things)
  • Asset Management
  • Content Creation
  • Exchange Platform
I generally like to simplify these down to these 7 segments:
  • Core holdings - essentially the Low Risk Core segment
  • Platform segment
  • Privacy segment
  • Finance/Bank settlement segment
  • Enterprise Blockchain solutions segment
  • Promising/Innovative Tech segment
This is merely what I use, but I'm sure you can think of your own. The key point I have is to try to invest your medium and high risk picks in a segment you understand well, and in which you can relatively accurately judge risk. If you don't understand anything about how banking works or SWIFT or international settlement layers, don't invest in Stellar. If you have no idea how a supply chain functions, avoid investing in VeChain (even if it's being shilled to death on Reddit at the moment just like XRB was last month). Buffet calls this "circle of competence", he invests in sectors he understands and avoids those he doesn't like tech. I think doing the same thing in crypto is a wise move.
What's interesting is that often we see like-coin movement, for example when a coin from one segment pumps we will frequently see another similar coin in the same segment go up (think Stellar following after Ripple).
Consider the historic correlations between your holdings. Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down.
You should set price targets for each of your holdings, which is a whole separate discussion I'll go in Part 2 of the guide.

Summing it up

This was meant to get you think about what return targets you should set for your portfolio and how much risk you are willing to take and what strategies you can follow to mitigate that risk.
Returns around 385% (average crypto market CAGR over the last 3 years) would be a good target to aim for while remaining realistic, you can tweak it a bit based on your own risk tolerance. What category of risk your individual crypto picks should be will be determined by how much more greed you have for above average market return. A portfolio of 50% core holdings, 30% medium risk in a sector you understand well and 20% in high risk speculative is probably what the average portfolio should look like, with newbies going more towards 70% core and only 5% high risk speculative.
Just by thinking about these things you'll likely do better than most crypto investors, because most don't think about this stuff, to their own detriment.
submitted by arsonbunny to CryptoCurrency [link] [comments]

Crypto Investing Guide: Useful resources and tools, and how to create an investment strategy

Lots of people have PM'd me asking me the same questions on where to find information and how to put together their portfolio so I decided to put a guide for crypto investors, especially those who have only been in a few months and are still confused.
Many people entered recently at a time when the market was rewarding the very worst type of investment behavior. Unfortunately there aren't many guides and a lot of people end up looking at things like Twitter or the trending Youtube crypto videos, which is dominated by "How to make $1,00,000 by daytrading crypto" and influencers like CryptoNick.
So I'll try to put together a guide from what I've learned and some tips, on how to invest in this asset class. This is going to be Part 1, in another post later I'll post a systematic approach to valuation and picking individual assets.

Getting started: Tools and resources

You don't have to be a programmer or techie to invest in crypto, but you should first learn the basics of how it functions. I find that this video by 3Blue1Brown is the best introduction to what a blockchain actually is and how it functions, because it explains it clearly and simply with visuals while not dumbing it down too much. If you want a more ELI5 version with cute cartoons, then Upfolio has a nice beginner's intro to the blockchain concept and quick descriptions of top 100 cryptocurrencies. I also recommend simply going to Wikipedia and reading the blockchain and cryptocurrency page and clicking onto a few links in, read about POS vs POW...etc. Later on you'll need this information to understand why a specific use case may or may not benefit from a blockchain structure. Here is a quick summary of the common terms you should know.
Next you should arm yourself with some informational resources. I compiled a convenient list of useful tools and sites that I've used and find to be worthy of bookmarking:
Market information
Analysis tools
Portfolio Tracking
Youtube
I generally don't follow much on Youtube because it's dominated by idiocy like Trevon James and CryptoNick, but there are some that I think are worthy of following:

Constructing a Investment Strategy

I can't stress enough how important it is to construct an actual investment strategy. Organize what your goals are, what your risk tolerance is and how you plan to construct a portfolio to achieve those goals rather than just chasing the flavor of the week.
Why? Because it will force you to slow down and make decisions based on rational thinking rather than emotion, and will also inevitably lead you to think long term.

Setting ROI targets

Bluntly put, a lot of young investors who are in crypto have really unrealistic expectations about returns and risk.
A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 10% ROI in a month to be unexciting, even though that is roughly what they should be aiming for.
I see a ton of people now on this sub and on other sites making their decisions with the expectation to double their money every month. This has lead a worrying amount of newbies putting in way too much money way too quickly into anything on the front page of CoinMarketCap with a low dollar value per coin hoping that crypto get them out of their debt or a life of drudgery in a cubicle. And all in the next year or two!
But its important to temper your hype about returns and realize why we had this exponential growth in the last year. The only reason we saw so much upward price action is because of fiat monetary base expansion from people FOMO-ing in due to media coverage. People are hoping to ride the bubble and sell to a greater fool in a few months, it is classic Greater Fool Theory. That's it. Its not because we are seeing any mass increase in adoption or actual widespread utility with cryptocurrency. We passed the $1,000 psychological marker again for Bitcoin which we hadn't seen since right before the Mt.Gox disaster, and it just snowballed the positivity as headline after headline came out about the price growth. However those unexciting returns of 10% a month are not only the norm, but much more healthy for an alternative investment class. Here are the annual returns for Bitcoin for the last few years:
Year BTC Return
2017 1,300%
2016 120%
2015 35%
2014 -60%
2013 5300%
2012 150 %
Keep in mind that a 10% monthly increase when compounded equals a 313% annual return, or over 3x your money. That may not sound exciting to those who entered recently and saw their money go 20x in a month on something like Tron before it crashed back down, but that 3X annual return is better than Bitcoin's return every year except the year right before the last market meltdown and 2017. I have been saying for a while now that we are due for a major correction and every investor now should be planning for that possibility through proper allocation and setting return expectations that are reasonable.
How to set a realistic ROI target
How do I set my own personal return target?
Basically I aim to achieve a portfolio return of roughly 385% annually (3.85X increase per year) or about 11.89% monthly return when compounded. How did I come up with that target? I base it on the average compounded annual growth return (CAGR) over the last 3 years on the entire market:
Year Total Crypto Market Cap
Jan 1, 2014: $10.73 billion
Jan 1, 2017: $615 billion
Compounded annual growth return (CAGR): (615/10.73)1/3 = 385%
My personal strategy is to sell my portfolio every December then buy back into the market at around the beginning of February and I intend to hold on average for 3 years, so this works for me but you may choose to do it a different way for your own reasons. I think this is a good average to aim for as a general guideline because it includes both the good years (2017) and the bad (2014). Once you have a target you can construct your risk profile (low risk vs. high risk category coins) in your portfolio. If you want to try for a higher CAGR than about 385% then you will likely need to go into more highly speculative picks. I can't tell you what return target you should set for yourself, but just make sure its not depended on you needing to achieve continual near vertical parabolic price action in small cap shillcoins because that isn't sustainable.
As the recent January dip showed while the core cryptos like Bitcoin and Ethereum would dip an X percentage, the altcoins would often drop double or triple that amount. Its a very fragile market, and the type of dumb behavior that people were engaging in that was profitable in a bull market (chasing pumps, going all in on a microcap shillcoin, having an attention span of a squirrel...etc) will lead to consequences. Just like they jumped on the crypto bandwagon without thinking about risk adjusted returns, they will just as quickly jump on whatever bandwagon will be used to blame for the deflation of the bubble, whether the blame is assigned to Wall Steet and Bitcoin futures or Asians or some government.
Nobody who pumped money into garbage without any use case or utility will accept that they themselves and their own unreasonable expectations for returns were the reason for the gross mispricing of most cryptocurrencies.

Risk Management

Quanitifying risk in crypto is surprisingly difficult because the historical returns aren't normally distributed, meaning that tools like Sharpe Ratio and other risk metrics can't really be used as intended. Instead you'll have to think of your own risk tolerance and qualitatively evaluate how risky each crypto is based on the team, the use case prospects, the amount of competition and the general market risk.
You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm) as ultimately everything is tied to how Bitcoin does, but also its own inherent risk specific to its own goals (Ri).
Rt = Rm +Ri
The market risk is something you cannot avoid, if some China FUD comes out about regulations on Bitcoin then your investment in solid altcoin picks will go down too along with Bitcoin. This (Rm) return is essentially what risk you undertake to have a market ROI of 385% I talked about above. What you can minimize though is the Ri, the aset specific risks with the team, the likelihood they will actually deliver, the likelihood that their solution will be adopted. Unfortunately there is no one way to do this, you simply have to take the time to research and form your own opinion on how risky it really is before allocating a certain percentage to it. Consider the individual risk of each crypto and start looking for red flags:
  • guaranteed promises of large returns (protip: that's a Ponzi)
  • float allocations that give way too much to the founder
  • vague whitepapers
  • vague timelines
  • no clear use case
  • Github with no useful code and sparse activity
  • a team that is difficult to find information on or even worse anonymous
While all cryptocurrencies are a risky investments but generally you can break down cryptos into "low" risk core, medium risk speculative and high risk speculative
  • Low Risk Core - This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. Bitcoin, Litecoin and Ethereum are in this class of risk, and I would also argue Monero.
  • Medium Risk Speculative - These would be cryptos which generally have at least some product and are reasonably established, but higher risk than Core. Things like ZCash, Ripple, NEO..etc.
  • High Risk Speculative - This is anything created within the last few months, low caps, shillcoins, ICOs...etc. Most cryptos are in this category, most of them will be essentially worthless in 5 years.
How much risk should you take on? That depends on your own life situation but also it should be proportional to how much expertise you have in both financial analysis and technology. If you're a newbie who doesn't understand the tech and has no idea how to value assets, your risk tolerance should be lower than a programmer who understand the tech or a financial analyst who is experienced in valuation metrics.
Right now the trio of BTC-ETH-LTC account for 55% of the market cap, so between 50-70% of your portfolio in low Risk Core for newbies is a great starting point. Then you can go down to 25-30% as you gain confidence and experience. But always try to keep about 1/3rd in safe core positions. Don't go all in on speculative picks.
Core principles to minimize risk
  • Have the majority of your holdings in things you feel good holding for at least 2 years. Don't use the majority of your investment for day trading or short term investing.
  • Consider using dollar cost averaging to enter a position. This generally means investing a X amount over several periods, instead of at once. You can also use downward biased dollar cost averaging to mitigate against downward risk. For example instead of investing $1000 at once in a position at market price, you can buy $500 at the market price today then set several limit orders at slightly lower intervals (for example $250 at 5% lower than market price, $250 at 10% lower than market price). This way your average cost of acquisition will be lower if the crypto happens to decline over the short term.
  • Never chase a pump. Its simply too risky as its such an inefficient and unregulated market. If you continue to do it, most of your money losing decisions will be because you emotionally FOMO-ed into gambling on a symbol.
  • Invest what you can afford to lose. Don't have more than 5-10% of your net worth in crypto.
  • Consider what level of loss you can't accept in a position with a high risk factor, and use stop-limit orders to hedge against sudden crashes. Set you stop price at about 5-10% above your lowest limit. Stop-limit orders aren't perfect but they're better than having no hedging strategy for a risky microcap in case of some meltdown. Only you can determine what bags you are unwilling to hold.
  • Diversify across sectors and rebalance your allocations periodically. Keep about 1/3rd in low risk core holdings.
  • Have some fiat in reserve at a FDIC-insured exchange (ex. Gemini), and be ready to add to your winning positions on a pullback.
  • Remember you didn't actually make any money until you take some profits, so take do some profits when everyone else is at peak FOMO-ing bubble mode. You will also sleep much more comfortably once you take out the equivalent of your principal.

Portfolio Allocation

Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. OnChainFX has some segment categorization but I generally like to bring it down to:
  • Core holdings - essentially the Low Risk Core segment
  • Platform segment
  • Privacy segment
  • Finance/Bank settlement segment
  • Enterprise Blockchain solutions segment
  • Promising/Innovative Tech segment
This is merely what I use, but I'm sure you can think of your own. The key point I have is to try to invest your medium and high risk picks in a segment you understand well, and in which you can relatively accurately judge risk. If you don't understand anything about how banking works or SWIFT or international settlement layers, don't invest in Stellar. If you have no idea how a supply chain functions, avoid investing in VeChain (even if it's being shilled to death on Reddit at the moment just like XRB was last month).
What's interesting is that often we see like-coin movement, for example when a coin from one segment pumps we will frequently see another similar coin in the same segment go up (think Stellar following after Ripple).
Consider the historic correlations between your holdings. Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down.
You should set price targets for each of your holdings, which is a whole separate discussion I'll go in Part 2 of the guide.

Summing it up

This was meant to get you think about what return targets you should set for your portfolio and how much risk you are willing to take and what strategies you can follow to mitigate that risk.
Returns around 385% (average crypto market CAGR over the last 3 years) would be a good target to aim for while remaining realistic, you can tweak it a bit based on your own risk tolerance. What category of risk your individual crypto picks should be will be determined by how much more greed you have for above average market return. A portfolio of 50% core holdings, 30% medium risk in a sector you understand well and 20% in high risk speculative is probably what the average portfolio should look like, with newbies going more towards 70% core and only 5% high risk speculative.
Just by thinking about these things you'll likely do better than most crypto investors, because most don't think about this stuff, to their own detriment.
submitted by arsonbunny to CryptoMarkets [link] [comments]

ethtrader Glossary of Terms

I recently introduced a friend to our humble, little subreddit and they quickly pointed out that the language spoken here did not appear to be English. I suppose we do toss around a fair amount of acronyms, memes, and slang. I put together a quick glossary of terms for them and figured I should post it here in case any other new ethtraders can benefit from it:

Trading Related:

Crypto-currency related, but not really specific to Ethereum:

Terms more specific to Ethereum

Memes:

Any mistakes I made? Any terms you would add?
submitted by Basoosh to ethtrader [link] [comments]

Bitcoin Not Accepted: Burger King’s Crypto Foray Short-Lived

Bitcoin Not Accepted: Burger King’s Crypto Foray Short-Lived

News by Cointelegraph: Julia Magas
The German branch of Burger King has begun accepting Bitcoin (BTC) on its website and mobile app, as reported by Cointelegraph on Sept. 3. But has the initiative increased consumer demand for the company’s fast food, and is it really possible to buy the popular Whopper burger with Bitcoin? What difficulties has the restaurant faced in its three years of cryptocurrency experience?

Whoppers for Bitcoins

Burger King was one of the first international fast-food chains to accept Bitcoin as a means of payment. For the first time, visitors were reportedly able to buy burgers with crypto back in 2016 when the Netherlands branch of Burger King started accepting Bitcoin, with the first restaurant offering burgers to crypto holders located in Bitcoin-friendly Arnhem. The announcement was made by the first Bitcoin embassy on Feb. 18, 2016.
The Burger King Arnhem branch also announced that any customer who pays in Bitcoin will get a second Whopper for free and that the restaurant will host special meetups for those interested in digital currencies.
However, on May 31, the Arnhem Bitcoinstad representatives announced that local Burger King restaurants have stopped accepting Bitcoin and the digital currency payment initiative was just a temporary promotional campaign:
“Unfortunately, Burger King no longer accepts bitcoins after 31 May. So you only have a chance this month to take advantage of their offer! If you pay Whopper with bitcoins, you will receive a second Whopper for free!”

You can’t use or trade WhopperCoin

Since that time, crypto burgers have reached Russia. Burger King Russia announced a new payment method and even released a WhopperCoin loyalty bonus. But has anyone heard anything about Bitcoin and Burger King since then? Hardly.
On Aug. 25, 2017, 1 billion WhopperCoins (WHO) were issued using the Waves blockchain. The new cryptocurrency was intended for buying Whoppers or other burgers and sides. In particular, the company promised a free flagship Whopper to any customer who accumulates 1,700 coins.
At the same time, Burger King Russia actively promoted its cryptocurrency, and the translated statement claims that “eating Whoppers today makes for a financially prosperous tomorrow.” One can find out whether WHO holders have gained financial success by looking at the trading charts on the YoBit exchange. To date, YoBit is the only exchange on which WHO is listed, although WHO-BTC trading volumes stand at zero.
It’s not so easy to find a Russian Burger King restaurant where Bitcoin payments are accepted, nor is it possible to make an online order using crypto. This may be caused by the active interference of Russian authorities in the local franchise’s activities. Specifically, the Moscow prosecutor’s office repeatedly summoned representatives of Burger King Russia to explain the operation of WhopperCoins and confirm that the company hadn’t issued its tokens for general use, reminding them about the illegal nature of cryptocurrency operations in Russia.

“Wir akzeptieren Bitcoin”

After two years of silence, the Burger King-Bitcoin tandem reappeared in the media, with the German division’s announcement that it will now accept Bitcoin payments on its delivery site and mobile app. The news and subsequent user discussion quickly spread across the internet:
“BREAKING: Burger King in Germany now accepts Bitcoin in their app!\ “Every day more than 11 million guests visit Burger King restaurants around the world. It’s the second largest fast food burger place in the world. “BTC accepted here, BTC accepted there, BTC accepted everywhere!”
To increase the volume of its retail sales, Burger King has created a mobile application. It was reported that San Diego’s Tillster, which seeks to adapt to the ever-growing customer base of a restaurant chain and the requirements for a well-scalable payment system, has become a partner in its creation. Perse Faily, CEO of Tillster, said:
“For consumers, they are able to utilize a convenient easy way to pay for their goods and opt-in to additional services that brands are developing, […] such as loyalty programs, exclusive coupons and other engagement tools.”
Notably, Burger King chose to remain silent about the new payment method, while a more detailed study showed that its restaurants have nothing to do with Bitcoin, although its partner does.
So, can a burger be bought for BTC at a Burger King in Germany? Yes, but not in its brick-and-mortar restaurants. One can pay with Bitcoins and Bitcoin Cash (BCH) by ordering delivery online through the Lieferservice delivery service, which works with restaurants throughout the country. In other words, it’s akin to Apple announcing that AirPods have become available for purchasing online, but were actually sold on Amazon. As it appears, this is not Burger King’s own initiative.

At the same time, Burger King Lieferservice redirects users to BitPay upon ordering products, which, in turn, generates a QR code for payment in Bitcoin or Bitcoin Cash.

Where can I really pay with Bitcoin?

Judging by interactive Coinmap statistics, the number of offline venues accepting Bitcoin today exceeds 15,400. From time to time, information appears on the internet that visitors of one establishment or another can pay with cryptocurrency. In May, United States-based payment service Flexa enabled Starbucks and 14 other retailers to handle Bitcoin transactions. In July, Singapore’s food chain KOPItech installed special stall-specific kiosks for customers to order food using cryptocurrencies. But does any of this really work?
With Bitcoin, Ether (ETH), Litecoin (LTC) or Dash, one can buy burgers, street food, coffee, pizza, or sushi in the U.S., Australia, the United Kingdom, Russia, Canada, Japan, Malaysia and even Kenya. In the Estonian capital of Tallinn, the convenience of cryptocurrencies was much appreciated by coffee houses — clientele can pay with crypto at 10 venues. A cryptocurrency wallet can be used to buy pastries at Dublin’s Krust Bakery and sweets at Rom’s Steccolecco. Meanwhile, cryptocurrency payments are accepted at 94 restaurants to date in the U.S., according to BitcoinRestaurants.net.
In most cases, small, private venues or local franchises of large chains are the ones taking the initiative. As for the latter, the idea of ​​using cryptocurrencies as payment has usually come from a local restaurant owner and is an advertisement in nature. A popular example is when the Canadian branch of another fast-food giant, KFC, announced a temporary promotional campaign on Jan. 11, 2018 that included BTC payments. The restaurant owners decided to support the popularity of cryptocurrencies by adding “Bitcoin Basket” to the menu — i.e., a bucket of chicken wings.
A competitor of KFC, Subway, has also been reportedly attempting to set up Bitcoin payments to attract customers. Emily Rossi from Ruder Finn, a PR agency claiming to work with Burger King, noted that, as a rule, such promotions are temporary:
“It seems that the one restaurant that was accepting bitcoin may no longer be accepting it. Again, though, it varies by restaurant since each is independently owned and operated, so it’s up to each franchisee, not headquarters.”

How to pay with Bitcoins?

In most cases, restaurants and cafes use a QR code to receive cryptocurrencies, and the role of processing is assigned to operators such as BitPay and Coincheck. Meanwhile, developing countries often resort to local mobile applications that are developed to order.
By scanning the QR code, customers are able to transfer money from their cryptocurrency wallets to the ones belonging to venues. Transaction records are permanently stored on the blockchain, while account information remains private.
Atila Ajdinovski, the owner of a Bitcoin-friendly restaurant in North Jersey, claimed that using cryptocurrency as a form of payment could be more secure than paying with a credit card:
“When they have your credit card, they have the expiration date. They have all the codes. They can turn around and rob your credit card without you knowing.”

Problems

Despite prohibitive cryptocurrency laws, many venues are forced to come up with backdoors. One of these is converting client funds into fiat money, while conducting internal accounting in the traditional currency. Many restaurants try to circumvent the law by calling their cryptocurrency “loyalty bonuses,” like Russia’s Burger King and Lavka-Lavka, a farm-to-table restaurant chain. The owners of both establishments have repeatedly attracted the attention of authorities and even dealt with lawsuits.
Another problem faced by cafes wishing to accept cryptocurrency is the lack of widespread use of digital money. This question is especially relevant in developing countries. The venues have found a solution by installing crypto machines that exchange fiat for BTC, allowing everyone who wants to try something new but lacks cryptocurrencies to use the machine. Such an initiative was introduced in Prague, a unique project of a cafe and coworking center where payment is made exclusively with digital currency.
That being said, when a restaurant doesn’t pay for the transaction fee, the client may encounter paying a rather high one in some cases. A customer of a Ukrainian restaurant paid around 21% for processing the payment, sharing his negative experience on the internet:

Good for promotion, but premature for large-scale use

Most often, Bitcoin is accepted by small local cafes or family restaurants. Many representatives of large chains are testing this feature in individual venues, but are not introducing it at a large scale. Some news regarding BTC acceptance can simply be attributed to PR campaign and a desire to make the headlines of the media amid the growing popularity of cryptocurrencies.
In many respects, the reasons for the slow development of cryptocurrencies in the food and beverage industry are related to regulatory issues and ambiguity around the legal status of digital money, as well as consumer distrust in a new form of payment.
Meanwhile, the prevalence of progressive Bitcoin-friendly cities like Arnhem, where locals pay with cryptocurrency as often as with bank cards, are indicative of a future cashless society.
submitted by GTE_IO to u/GTE_IO [link] [comments]

Top Ten Coins by Year!

Spring 2013
  1. Bitcoin (111.87)
  2. Litecoin (3.38)
  3. PPCoin
  4. Namecoin
  5. FeatherCoin
  6. TerraCoin
  7. DevCoin
  8. FreiCoin
  9. NovaCoin
  10. CHNCoin
Summer 2013
  1. Bitcoin
  2. Litecoin
  3. PPCoin
  4. Namecoin
  5. Feather
  6. Novacoin
  7. Primecoin
  8. Terracoin
  9. Megacoin
  10. CryptogenicBullion
Winter 2013
  1. Bitcoin
  2. Ripples
  3. Litecoin
  4. Mastercoin
  5. Peercoin
  6. Namecoin
  7. Quark
  8. ProtoShares
  9. Worldcoin
  10. Megacoin
Spring 2014
  1. Bitcoin
  2. Ripples
  3. Litecoin
  4. Peercoin
  5. DogeCoin
  6. Nxt
  7. MasterCoin
  8. Namecoin
  9. Quark
  10. ProtoShares
Summer 2014
  1. Bitcoin
  2. Litecoin
  3. Peercoin
  4. Ripple
  5. Dodgecoin
  6. Nxt
  7. Mastercoin
  8. Namecoin
  9. BlackCoin
  10. DarkCoin
Winter 2014
  1. Bitcoin
  2. Ripple
  3. PayCoin
  4. Litecoin
  5. BitShares
  6. MaidSafeCoin
  7. Stellar
  8. Dogecoin
  9. Nxt
  10. Peercoin
Spring 2015
  1. Bitcoin (238.70)
  2. Ripple (0.014)
  3. Litecoin (1.85)
  4. BitShares
  5. Darkcoin
  6. MaidSafeCoin
  7. DogeCoin
  8. Stellar (0.0035)
  9. PayCoin
  10. Nxt
Summer 2015
  1. Bitcoin
  2. Ripple (0.0067)
  3. Litecoin (1.85)
  4. Dash (2.90)
  5. Stellar (0.0031)
  6. Dogecoin
  7. Bitshares
  8. Nxt
  9. BanxShares
  10. MaidSafeCoin
Winter 2015
  1. Bitcoin
  2. Ripple (0.0062)
  3. Litecoin
  4. Ethereum (0.90)
  5. Dash
  6. Dogecoin
  7. Peercoin
  8. Bitshares
  9. Stellar (0.0017)
  10. MaidSafeCoin
Spring 2016
  1. Bitcoin
  2. Ethereum
  3. Ripple
  4. Litecoin
  5. MaidSafeCoin
  6. Dash
  7. Dogecoin
  8. Monero
  9. Factom
  10. Bitshares
Summer 2016
  1. Bitcoin (602.36)
  2. Ethereum (10.21)
  3. Ethereum Classic (2.88)
  4. Steem (2.21)
  5. Ripple (0.0058)
  6. Litecoin
  7. Dash (9.63)
  8. NEM (0.0056)
  9. MaidSafeCoin
  10. Nxt
Winter 2016
  1. Bitcoin (747.82)
  2. Ethereum
  3. Ripple
  4. Litecoin
  5. Monero
  6. Ethereum Classic
  7. Dash
  8. Augur
  9. NEM
  10. MaidSafeCoin
Spring 2017
  1. Bitcoin (1048.24)
  2. Ethereum
  3. Ripple (0.0057)
  4. Litecoin (3.75)
  5. Monero (13.17)
  6. Dash
  7. Ethereum Classic
  8. MaidSafeCoin
  9. NEM
  10. Augur
Summer 2017
  1. Bitcoin (2,277.51)
  2. Ethereum (200.87)
  3. Ripple (0.23)
  4. NEM (0.21)
  5. Ethereum Classic (17.60)
  6. Litecoin (25.69)
  7. Dash (118.42)
  8. Monero (43.03)
  9. Bytecoin
  10. Stratis
Fall 2017
  1. Bitcoin (5,690.72)
  2. Ethereum (308.43)
  3. Ripple XRP (0.21)
  4. BCH (332.21)
  5. Litecoin LTC
  6. Dash
  7. XEM
  8. NEO
  9. BCC
  10. Monero XMR
Winter 2017
  1. Bitcoin
  2. Ripple XRP
  3. Ethereum ETH
  4. BCH
  5. ADA
  6. Litecoin LTC
  7. IOTA
  8. NEM XEM
  9. DASH
  10. Stellar XLM
Spring 2018
  1. BTC
  2. ETH
  3. XRP
  4. BCH
  5. LTC
  6. ADA
  7. NEO
  8. XLM
  9. EOS
  10. XEM
Summer 2018
  1. BTC
  2. ETH
  3. XRP
  4. BCH
  5. EOS
  6. LTC
  7. XLM
  8. ADA
  9. IOTA
  10. TRX
CURRENT (NOVEMBER 2018)
  1. BTC
  2. XRP
  3. ETH
  4. XLM
  5. BCH
  6. EOS
  7. LTC
  8. USDT
  9. ADA
  10. XMR
What are your predictions for 2019?
Who are likely to fall of the top ten charts?
submitted by blackicicle to CryptoCurrency [link] [comments]

Start Here for Much Wallet WOW!

EDIT 2017-02-10: A word about Nodes

There is a discussion about nodes that came up today, where it seems I'm discouraging people from running the full QT/Core client. Yes and No. What I'm trying to make sure people understand is how things work, and that it is NOT mandatory to run a client in order to use Dogecoins (and yes, I realise that browser-based tools like coinb.in and wallet sweepers are 'clients' by strict definition).
That said, more nodes is absolutely a good thing for the network. Preferrably full nodes. How do you run a full node? Just run Core/QT and open up Port 22556 on your router so it can connect to more than 8 peers. What will it cost you? You need your machine to be on 24/7/365, you need enough storage for the full blockchain (currently about 20Gb. Bitcoin is over 120Gb) and enough bandwidth to keep it in sync and share blocks with peers. A couple of Gb a month, most likely. This is best done with a desktop on a wired broadband link. Or maybe a hosted VM in the cloud. :)

EDIT 2017-01-09: Wallets WITHOUT Clients

Since I started helping people on /BitcoinBeginners, I'm getting a lot of questions about how to use wallets without running clients or trusting third parties. So here are a couple of resources that will make that possible, and not just for Dogecoin:
Multi-Coin Wallet Generator Now supporting 129 currencies! Coinb.in Start by setting the currency, found in the gear wheel in the Broadcast tab. Dogecoin Wallet Sweeper Redeem 'paper' wallets containing up to about 100 UTXOs. Bitinfo Charts My favourite block explorer, handles a bunch of cryptos.
Using these resources, it is possible to hold, receive and spend coins in various currencies, without having to run QT or a 'lite' client. You can also download and run the pages on your own device.

EDIT 2016-11-23: SEMANTICS about MINING! :P

Even though there is already a section on mining below, it has been suggested given the huge number of posts on the subject that this needs to be made clearer. Since people get their panties in a twist over the word 'dead', lets change that...

MINING IS DEAD!

MINING DOGECOIN IS UNPROFITABLE!

Put simply, there is no way to mine Dogecoin and make a profit because of the massive hashpower provided by industrial-scale Litecoin miners. Mining Doge directly stopped being viable when our hashrate exploded with the introduction of AuxPoW. Mining with CPU's and GPU's died when ASICs were introduced. And mining with a laptop WILL kill your laptop and cost you a fortune to repair or replace. Mining Litecoin with an exchange that also mines Doge and others will earn less than the electricity consumed, and you won't recover your costs. Probably ever, but certainly not in any reasonable time.
Mining other currencies may be a thing, but that's beyond our scope here. This is /Dogecoin, not /GetRichMiningCryptos after all. If you want to mine the newest scamcoin for fun and profit, look elsewhere for advice. :/
Oh, and most important:

READ BEFORE YOU POST!

At any given time, there are half a dozen posts on the frontpage just like the one you're about to write, where the answers have already been given. Read them. Don't make people waste their time repeating themselves because you were too lazy to bother reading stuff. :P
So there I was, having a quiet Sundy arvo bludge, as you do, when 42points turned up on Facebook and asked me to write a new sticky post for /dogecoin. Why would he do this, when he should be having a bludge himself, I hear you ask? Well, seems he was doing exactly that, and wanted to fob off the work he’s too slack to do himself. ;) Ah well, being a sucker for punishment, I’ll grudgingly oblige I guess.
OK, first things first.

The Clients:

Dogecoin Core 1.10.0 2015-Nov-01
Bootstrap file for Core to save some download time.
Dogecoin Core Guide Wiki
MultiDoge v0.1.7 2016-Jan-31
Android Dogecoin Wallet 2.0.8 2016-Jan-18
Android Coinomi Wallet
Java Cate 0.14 alpha 2 Multicoin wallet 2016-Feb-14
Exodus multicoin wallet
iOS Doughwallet

Do you REALLY need a client?

Wallet ELI5
UTXO ELI5
Paper Wallet Generator
Sample HTML Wallet List
Dogetipbot subreddit and website
Dogechain Wallet
Block.io Wallet
Exchanges
BTC38
Poloniex
CoinSpot
ShapeShift - Not really an exchange, rather a currency trader.

Mining

Litecoinpool
Prohashing
Zpool

Explorers

BitInfoCharts - My favourite, has charts!
chain.so
dogechain.info
/dogecoindev where the devs hang out

More Info

Dogeducation
Technical Wiki
Preev currency value calculator

EDITS:

From peoplma
I was wondering if you could add just a couple things. A link to the coinomi android wallet, it's probably the best one out there. And a sentence somewhere along the lines of "if you need help with any dogecoin software you are welcome to make a post, but PLEASE include your OS, version number of the client, and any relevant transaction IDs that you are willing to share" if you can fit that in somewhere.
Also, if you want to link to Prohashing, I'm pretty sure it's the only Scrypt mining pool that will actually pay out in doge. The others I know of pay out in litecoin or bitcoin. And it's a profit switching multipool, so gives a better return than just mining ltc/doge.
And there's these two wiki articles I thought would be helpful to link /dogecoin/wiki/technical for those technically minded newbies or intermediate users who want to dig a little deeper. And maybe a link to /dogecoin/wiki/dogecoincoreguide next to the link for dogecoin core.
From pts2002
Finally a proper sticky post! Here's some other stuff you could add:
zpool.ca mining pool - You can get paid in pretty much any coin, and you can mine in multiple algos (currently mining lyra2v2 with my GPU). Doing about 500Ð/day
shapeshift.io exchange - My favourite exchange, quick and easy. No registration required!
Also, you should add some blockchain explorers!
chain.so - Support for bitcoin, litecoin and doge.
dogechain.info - Official blockchain explorer. Includes a wallet (already mentioned). Live update currently not working (?)
EDIT: Here's another thing I found!
preev.com currency value calculator - Easy way to check the value of your dogecoins (or bitcoins, or litecoins, or peercoins)!
submitted by Fulvio55 to dogecoin [link] [comments]

Multi-Billion Dollar Crypto Firm: Bitcoin Finding Use as Hedge for Global Crisis

Multi-Billion Dollar Crypto Firm: Bitcoin Finding Use as Hedge for Global Crisis
https://preview.redd.it/yy7tkj643v431.png?width=1024&format=png&auto=webp&s=99a4b76c25893e2091241bcdcd42060f83ec48a4
Throughout its short history, Bitcoin (BTC) has been seen as anything but centralized, sovereign, and censorable. The crypto asset was created by a pseudonymous individual, is secured by a global group of miners, and is backed by no government, traditional finance system, or common entity.
And as a result, many have looked to Bitcoin and its brethren — other digital assets — as a much-needed escape hatch from fiat and government overreach. Indeed, BTC was released in the wake (and seemingly as a result) of the 2008 Great Depression, and many that have since flocked to the cryptocurrency are staunch anti-establishment proponents.
Related Reading: Bitcoin (BTC) Soars Past $9,300 in Massive Weekend Pump: Bulls on Parade
Some, however, have denied this key narrative. Cynics of the theory remark that BTC is too nascent to be used as a proper store of value, citing the periods of volatility, especially the downturns, as a perfect case in point. Regardless, a massive cryptocurrency firm recently laid out why these naysayers may be wrong in their postulation.

Bitcoin as a Macroeconomic Hedge

Grayscale’s industry-famous research department recently released a report titled “Hedging Global Liquidity Risk with Bitcoin”. In it, the firm explained how the leading cryptocurrency is becoming used as a hedge in financial crises and periods of geopolitical turmoil.

ore specifically, the crypto investment firm looked into how the asset can be used during bouts in which there is high “liquidity risk”, the “risk of a real decline in wealth resulting from an imbalance in the amount of money and credit relative to debt in a given economy.”
To back this point, Grayscale looks to three primary facets of Bitcoin’s existence: store of value, spending viability, and growth possibility.
Firstly, as the company has characteristics, BTC can act (and has acted) better as a store of value than gold. Unlike the metal, the crypto is mathematically scarce, capped at 21 million units; BTC is decentralized and verifiable through the Internet; BTC is portable and divisible through digital technologies, and is unconfiscatable.
Gold, on the other hand, has an unlimited supply, centralization risks, an inability to be easily divided and moved around, and concerns around its purity. The chart below from Grayscale sums this argument up fairly well.
https://preview.redd.it/s950j61b3v431.jpg?width=812&format=pjpg&auto=webp&s=ab54175c3cbe866a37820b117f7e7dc8b90750e1
Secondly, Grayscale purports that due to having similar properties to physical cash, Bitcoin will retain a solid value proposition amid a liquidity crisis. They look to recent adoption by Whole Foods, AT&T, Overstock.com, Microsoft, Expedia, PayPal, and Dell to corroborate their claim.
Thirdly, they remark that the potential that blockchain technologies have to grow and create value will only stimulate demand further, which should mitigate most, if not all negative effects of any downturn in global markets.
So, are these characteristics helping Bitcoin hold true in the current geopolitical stage? Well, yes, and it already has been for a while.
Grayscale looks to the fact that during Grexit (Greece’s debt-fueled financial crisis in 2015), China’s market collapse in 2015 and 2016, Brexit, a short period of growth worries for the U.S., and the recent trade war debacle, Bitcoin has done rather well for itself.
In fact, some have argued that the recent political tussle between China and the U.S. is what has contributed greatly to the recent rally in the Bitcoin price, with some arguing that Chinese traders and others in Asia have fled to Bitcoin from traditional stocks to deter most downside risk. They write:
“While it is still very early in Bitcoin’s life cycle as an investable asset, we have identified evidence supporting the notion that it can serve as a hedge in a global liquidity crisis, particularly those that result in subsequent currency devaluations.”
Indeed, this strength is why many love Bitcoin. In fact, Delphi Digital, a New York-based crypto research group, recently pointed out that BTC is absolutely lapping every other asset class, even the more risky, high-return blue chips and the venture-backed Silicon Valley darlings that have begun to trade on public markets.
At the time of their analysis (end of May), Bitcoin was up over 120% year to date, while crude oil and the Nasdaq 100 index were up a mere 18% and 13%, respectively. It’s an even scarier sight for tried and true assets, like gold, foreign currencies, and government bonds, which are up less than 5% so far. This led the firm to the conclusion that BTC could be the “King of the Asset Class Hill”.
submitted by Rajladumor1 to omgfin [link] [comments]

Everything you need to know about NXS

I have always been wary of people posting without sources and people shilling the next coin, whether it’s a no name redditor, or John McAfee himself. I am providing this to help you DYOR.
To help you get started with Nexus, it is VERY important to check out: https://docs.google.com/document/d/16KKjVjQH0ypLe00aoTJ_hZyce7RAtjC5XHom104yn6M/edit If you don’t like going to random google docs for whatever reason, it has been reposted on Reddit here: https://www.reddit.com/nexusearth/comments/7gcfl7/the_nexus_faq_part_1/ https://www.reddit.com/nexusearth/comments/7gchjc/the_nexus_faq_part_2/
Current Date: December 29, 2017
Current Price: .000225 BTC / $3.30 USD
Market Cap: $180million
Circulating/Current Supply: 54.7 Million
Total Supply: 78 million after 10 years after the first genesis block. First Genesis block occurred September 23, 2014 at 16:20 UTC-7
Actively Traded on:
Bitcoin talk ANN: https://bitcointalk.org/index.php?topic=657601.0
Official Website: http://www.nexusearth.com/ A new website is in the works too :)
Coinmarketcap: https://coinmarketcap.com/currencies/nexus/
Official Twitter Page: https://twitter.com/NxsEarth
Official YouTube Page: https://www.youtube.com/channel/UCDi2stU5yj71_iPgxMZF79w Recommend checking out conference videos that have Jim Cantrell (CEO of Vector Space Systems) and any other conference videos that my pique your interest.
Crypto Lark Interview: https://www.youtube.com/watch?v=YVj5VEiXO4g&feature=youtu.be Very good interview from an unbiased perspective that helps break down what Nexus is about.
Nugget News Interview: https://www.youtube.com/watch?v=1t3AqmrolKA&feature=youtu.be Another good interview to check out from an unbiased perspective!
London Letter: https://londonletter.org/wp-content/uploads/2017/12/NXS-Rap-Dec-17.pdf Take this with a grain of salt, I don’t know much about London Letter, but it at least provides accurate information. It just seems very “shillish” IMO.
Jesse Ventura’s take on NXS and Vector: https://www.rt.com/shows/the-world-according-to-jesse/408072-space-corps-extratrrestrial-wa
Explanation of the 3D chain: https://medium.com/@gjsteele71/the-nexus-multi-dimensional-chain-simplified-9d680d9008b8
The 3-Dimensional Chain is a massive improvement to blockchain technology and can be hard to wrap your head around. Essentially it solves the scalability issues that many coins face today. Other coins that have solutions to scalability include IOTA and RaiBlocks and there marketcap shows this kind of scalability is in demand.
Community Newsletter: https://nexusnewsletter.com/
This newsletter is run by community members for the community. A new posting is listed once a month and provides a summary of the previous month.
Slack Invite Link: http://nexusearth.com/slack.html This slack is a great tool for everyone interested in this project, whether its trading, mining, or developing. It has a community of 5k+ users and could always have more!
The Biggest Thing IMO Official Partnership with Vector Space Systems: https://www.prnewswire.com/news-releases/vector-and-nexus-team-up-to-bring-cryptocurrency-to-space-300573678.html
This is massive news that didn’t get nearly as much recognition as it should have. Vector Space Systems is a rocket company that has plans of launching hundreds of rockets a year to place as many satellites up as possible. Vector is a fraction of the cost of SpaceX which will allow a lot more consumers to get on board. Vector’s website: https://vectorspacesystems.com/ Many people doubted that Nexus would be able to launch into space, but it is set in stone with launch preparations for 2019. Vector is planning on having a massive satellite constellation that is run on a platform known as Galactic Sky: http://www.galacticsky.net/ Renderings of the satellites: https://twitter.com/vectorspacesys/status/943920507807657985
So now that I have provided plenty of sources for you to do your own research, here are my reasons why you should keep this on your radar for 2018.
This coin is a steady grower with no real marketing yet and started as a grassroots-esque community. It has been around for more than 3 years and not many projects can say the same. That isn’t a knock on new projects, just proof that this project is here to stay. To show this slow steady growth, check this out: https://www.tradingview.com/x/jecDG4TB/ This chart is a NXS/USD log scale as BTC tends to mess with charts significantly. The beginning of the trend line starts January 2016 and has had continuous growth so far. As long as it stays in this long-term trading channel, very loose price predictions for this coin by the end of 2018 range between $50 and $500. It is currently at $3.30 in case you forgot.
Shapeshift.io helped sponsor the Nexus Conference and is currently working on implementing it as a new asset. Nexus was supposed to be supported on the Trezor wallet, but it turns out the hardware isn’t capable of handling NXS due to the quantum resistance and massive keys. That tells me NXS is looking far ahead security wise.
I hope this post was informative and helped consolidated information. I believe this will be a long term hold and wish others see this as a great buying opportunity for this severely underrated coin. 2018 is the year NXS takes off.
Hope formatting is okay, message me if it looks odd. EDIT:formatting
EDIT: Bitcoinmagazine just posted about Nexus and Vector here https://bitcoinmagazine.com/articles/vector-nexus-join-space-race-plans-satellite-based-blockchain-network/
submitted by taphone to CryptoCurrency [link] [comments]

Cryptocurrency: lives or dies? Part 1. Bubbles as a scarecrow for newcomers

Cryptocurrency: lives or dies? Part 1. Bubbles as a scarecrow for newcomers
Cryptocurrency: lives or dies? Part 1. Bubbles as a scarecrow for newcomers
The cryptomania 2017 was colossal. Although cryptocurrencies have existed since 2009, many people found out about them just in 2017, against the backdrop of the outstanding growth in rates and a clear sense of revolution. Many newcomers thought that the rates would grow forever. They were ready to buy digital currencies at any price considering any declines to be local, and growth to be global.
But 2018 brought an unpleasant surprise: the market suddenly began to break down. In the first quarter, many people hoped that this was only a “correction,” but the collapse continued. If early in 2018, Bitcoin (BTC) carried a record price of $20,000, then by September it had fallen in price to $6,300, that is, threefold. And the “heroic” ethereum (ETH), which almost surpassed BTC in terms of capitalization in Summer 2017, had fallen fivefold: from $1,300 to $250.

https://preview.redd.it/4gxrjt5imw031.jpg?width=1280&format=pjpg&auto=webp&s=caae30b6e06f61a8d7dd33e86344f58d22c30162
In autumn, the market froze. It seemed that the bottom was reached and the restoration would begin soon. However, November brought another surprise: the rates dropped again. For example, BTC fell in price from $6,000 to $ 4,000. This happened so suddenly that it looked like an evident conspiracy of the major players, so-called “whales”. Autumn investors, following the earlier ones, suffered losses. Many of them completely become disillusioned with the crypto-market, having decided that it is entirely in the grasp to manipulators: such a “market” resembles MMM where quotes are randomly set by puppeteers.
In Winter, the market froze again, while in Spring a long-promised growth began. In March it continued to ascend carefully, and in April it continued to ascend unexpectedly sharply and symmetrically to the drop in November. In both cases, the BTC rate changed by $800 just for an hour, but in November it was a drop, while in April it was a rise. In both cases, there was no kickback: on the contrary, the movement went on. Optimists rushed to buy cryptocurrencies, but the most population smelt a rat. If not only drops but also rises occur "in a snap", is this not the best proof of pulling the strings?

https://preview.redd.it/4dvc478jmw031.jpg?width=1280&format=pjpg&auto=webp&s=0ff55dff60910cef6a0d5dda8a2057151f4f2cbb
So do we believe in true market recovery now? Perhaps this is another trick? Is it worth investing in cryptocurrencies or is it better to forget them like a nightmare? Is the market entirely in the hands of puppeteers or does it have objective laws? We will try to understand this in more detail.
How did it get started: bitcoin and its bubble 2013
The first world’s cryptocurrency was Bitcoin (BTC). It appeared in 2009 and firstly it was known only to specialists in cryptography, as well as to particularly advanced free market activists. But soon it attracted the close attention of investors demonstrating in 2010-2013 a tremendous growth of 4 orders: from $ 0.1 to $ 1000. In other words, the average exchange rate grew by a factor of 10 per year (!!!)

https://preview.redd.it/2be0puujmw031.jpg?width=1280&format=pjpg&auto=webp&s=14420f8e457edee778f560c976f3369c805a286d
In 2013, this BTC’s success gained worldwide fame. However, as often happens, the shock popularization was no in favor of the asset rate: reaching a record mark of $1,200 in December 2013, BTC began to fall in price. Towards the end of 2014, its rate rolled back to $250, following which it remained relatively stable in 2015. A significant part of the growth in 2013 turned out to be a bubble. However, after blowing off the bubble, the BTC rate still remained significantly higher than it was early in 2013 (especially, in all previous years).

https://preview.redd.it/uowotkqkmw031.jpg?width=1280&format=pjpg&auto=webp&s=0b6b95fdb832ba59acf2746aa2e37af96df1a231
How it continued: altcoins and general market bubble 2017
The new growth of the BTC rate began in 2016, and became especially explosive in 2017. At the same time, altcoins, new cryptocurrencies, “alternative” BTC - ethereum (ETH), lightcoin (LTC), emercoin (EMC), and many others asserted themselves in a massive way. If until 2016 they stayed in the deep background of the market flagship, then in 2017 their total capitalization for some time exceeded the capitalization of BTC. In Summer 2017 there was a moment when the ETH acting alone nearly advanced the BTC.

https://preview.redd.it/e55s3hilmw031.jpg?width=1280&format=pjpg&auto=webp&s=b838ef697269c7746949eb2012882455ee8fe305
By the end of 2017, BTC had risen in price to $20,000, while the total capitalization of the cryptocurrency market reached a huge amount of $800 bln (higher than capitalization of any global corporation). But this turned out to be yet another bubble: throughout 2018, just as in 2014, the rate of BTC and other currencies was falling). By the end of the year, the market capitalization decreased to $130 billion.
What can be shown by the comparison of two bubbles
Financial bubbles constitute an unpleasant phenomenon, and yet a logical one. By studying their dynamics it is possible to reveal a lot of interesting things about the nature of the new assets. If we look attentively at the figures, it is possible to note: the bubbles of 2013-2014 and 2017-2018 have much in common.
⦁ In both cases, the rate of bitcoin has dropped approximately five-fold. Market capitalization in the second case has dropped approximately 6-fold.
⦁ In both cases, a general decline lasted about a year, followed by a quiet period.
⦁ In both cases, "after bubbles" the rates have been fixed at the levels that are considerably higher than the levels "before bubbles". For example, at the end of 2014, BTC was much more expensive than at the end of 2012, while in late 2018 it was much more expensive than in late 2016.
DECLINE IN 5.3
DECLINE IN 4.8

https://preview.redd.it/kvcy8nxmmw031.jpg?width=1280&format=pjpg&auto=webp&s=23dfa2bba06896babfba777d4ef16f9667c6f099
This simple comparison shows: the scale of the 2018 cryptocurrency crash is exaggerated. The bubble has developed according to the same scenario, as it happened last time, and seriously frightened only the novices.
Judging by the charts, the cryptocurrency market is more alive than dead. Moreover, it quite well follows the standard laws of financial bubbles’ development, and its multi-year trend is clearly positive. For the credibility one can recall, for example, the chart of the oil prices in the 2000s. As we can see here there is also a bubble and decline, but after that – recovery to the values, which are much higher than before the bubble. That’s what happens when the assets are really valuable (not just a short-lived hype), and this is exactly what we have been observing in case of cryptocurrency market.

https://preview.redd.it/2todpslnmw031.jpg?width=1280&format=pjpg&auto=webp&s=9da51f9b71f36dffb5b1af8152bb949286fb10c5
With a high degree of probability, right now cryptocurrency investments are of particular interest. The upward movement looks quite reasonable, and why it has happened so abruptly, is there some catch behind it, and what are the fundamental reasons that contributed to the upward trend – we will discuss all these questions next time
Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:
http://trident-germes.com/category/article/
submitted by TridentGermes to Bitcoin [link] [comments]

Cryptocurrency: lives or dies? Part 1

Cryptocurrency: lives or dies? Part 1
Part 1. Bubbles as a scarecrow for newcomers

The cryptomania 2017 was colossal. Although cryptocurrencies have existed since 2009, many people found out about them just in 2017, against the backdrop of the outstanding growth in rates and a clear sense of revolution. Many newcomers thought that the rates would grow forever. They were ready to buy digital currencies at any price considering any declines to be local, and growth to be global.

But 2018 brought an unpleasant surprise: the market suddenly began to break down. In the first quarter, many people hoped that this was only a “correction,” but the collapse continued. If early in 2018, Bitcoin (BTC) carried a record price of $20,000, then by September it had fallen in price to $6,300, that is, threefold. And the “heroic” ethereum (ETH), which almost surpassed BTC in terms of capitalization in Summer 2017, had fallen fivefold: from $1,300 to $250.

https://preview.redd.it/ly1to0boz9y21.jpg?width=1280&format=pjpg&auto=webp&s=10a6f59dc9509c5bd571fb6145ac91158028e849
In autumn, the market froze. It seemed that the bottom was reached and the restoration would begin soon. However, November brought another surprise: the rates dropped again. For example, BTC fell in price from $6,000 to $ 4,000. This happened so suddenly that it looked like an evident conspiracy of the major players, so-called “whales”. Autumn investors, following the earlier ones, suffered losses. Many of them completely become disillusioned with the crypto-market, having decided that it is entirely in the grasp to manipulators: such a “market” resembles MMM where quotes are randomly set by puppeteers.

In Winter, the market froze again, while in Spring a long-promised growth began. In March it continued to ascend carefully, and in April it continued to ascend unexpectedly sharply and symmetrically to the drop in November. In both cases, the BTC rate changed by $800 just for an hour, but in November it was a drop, while in April it was a rise. In both cases, there was no kickback: on the contrary, the movement went on. Optimists rushed to buy cryptocurrencies, but the most population smelt a rat. If not only drops but also rises occur "in a snap", is this not the best proof of pulling the strings?

https://preview.redd.it/x14yabypz9y21.jpg?width=1280&format=pjpg&auto=webp&s=34f2b146d58ad4a406450bb2961709ba281c2dec
So do we believe in true market recovery now? Perhaps this is another trick? Is it worth investing in cryptocurrencies or is it better to forget them like a nightmare? Is the market entirely in the hands of puppeteers or does it have objective laws? We will try to understand this in more detail.

How did it get started: bitcoin and its bubble 2013

The first world’s cryptocurrency was Bitcoin (BTC). It appeared in 2009 and firstly it was known only to specialists in cryptography, as well as to particularly advanced free market activists. But soon it attracted the close attention of investors demonstrating in 2010-2013 a tremendous growth of 4 orders: from $ 0.1 to $ 1000. In other words, the average exchange rate grew by a factor of 10 per year (!!!)

https://preview.redd.it/m35lylysz9y21.jpg?width=1280&format=pjpg&auto=webp&s=7a30a6c591c049d0b5e076fb922a980127c531b1
In 2013, this BTC’s success gained worldwide fame. However, as often happens, the shock popularization was no in favor of the asset rate: reaching a record mark of $1,200 in December 2013, BTC began to fall in price. Towards the end of 2014, its rate rolled back to $250, following which it remained relatively stable in 2015. A significant part of the growth in 2013 turned out to be a bubble. However, after blowing off the bubble, the BTC rate still remained significantly higher than it was early in 2013 (especially, in all previous years).

https://preview.redd.it/4va61pjuz9y21.jpg?width=1280&format=pjpg&auto=webp&s=0f4a3800254ad0d70af8556467283ec87376e0cd

How it continued: altcoins and general market bubble 2017

The new growth of the BTC rate began in 2016, and became especially explosive in 2017. At the same time, altcoins, new cryptocurrencies, “alternative” BTC - ethereum (ETH), lightcoin (LTC), emercoin (EMC), and many others asserted themselves in a massive way. If until 2016 they stayed in the deep background of the market flagship, then in 2017 their total capitalization for some time exceeded the capitalization of BTC. In Summer 2017 there was a moment when the ETH acting alone nearly advanced the BTC.

https://preview.redd.it/dqyjr0yvz9y21.jpg?width=1280&format=pjpg&auto=webp&s=2daf6704930f105b301db95f7370027795911ede
By the end of 2017, BTC had risen in price to $20,000, while the total capitalization of the cryptocurrency market reached a huge amount of $800 bln (higher than capitalization of any global corporation). But this turned out to be yet another bubble: throughout 2018, just as in 2014, the rate of BTC and other currencies was falling). By the end of the year, the market capitalization decreased to $130 billion.

What can be shown by the comparison of two bubbles

Financial bubbles constitute an unpleasant phenomenon, and yet a logical one. By studying their dynamics it is possible to reveal a lot of interesting things about the nature of the new assets. If we look attentively at the figures, it is possible to note: the bubbles of 2013-2014 and 2017-2018 have much in common.

⦁ In both cases, the rate of bitcoin has dropped approximately five-fold. Market capitalization in the second case has dropped approximately 6-fold.
⦁ In both cases, a general decline lasted about a year, followed by a quiet period.
⦁ In both cases, "after bubbles" the rates have been fixed at the levels that are considerably higher than the levels "before bubbles". For example, at the end of 2014, BTC was much more expensive than at the end of 2012, while in late 2018 it was much more expensive than in late 2016.
DECLINE IN 5.3
DECLINE IN 4.8
https://preview.redd.it/p9nzmxuyz9y21.jpg?width=1280&format=pjpg&auto=webp&s=d11cea8a0e6802eb740df678a306e43cf882edd6
This simple comparison shows: the scale of the 2018 cryptocurrency crash is exaggerated. The bubble has developed according to the same scenario, as it happened last time, and seriously frightened only the novices.

Judging by the charts, the cryptocurrency market is more alive than dead. Moreover, it quite well follows the standard laws of financial bubbles’ development, and its multi-year trend is clearly positive. For the credibility one can recall, for example, the chart of the oil prices in the 2000s. As we can see here there is also a bubble and decline, but after that – recovery to the values, which are much higher than before the bubble. That’s what happens when the assets are really valuable (not just a short-lived hype), and this is exactly what we have been observing in case of cryptocurrency market.

https://preview.redd.it/z5p0rs130ay21.jpg?width=1280&format=pjpg&auto=webp&s=a7ea7e1d50b8e81baace77c7a17957ab0c364604

With a high degree of probability, right now cryptocurrency investments are of particular interest. The upward movement looks quite reasonable, and why it has happened so abruptly, is there some catch behind it, and what are the fundamental reasons that contributed to the upward trend – we will discuss all these questions next time
Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source: http://trident-germes.com/
submitted by TridentGermes to ENG [link] [comments]

Where will $ETC ethereum Classic go? Been investing since day 1

Lets start out by wishing you all Happy new Year. Think positive. Do good stuff. Stay healthy. Help out your family.
In this post, I will talk about Ethereum Classic and my journey and what I have been doing for past 1 and half year.
So I bought ETH in the spring 2016, and holded for a few months. I then sold all My eth at the forktime because of etc. Everyone said that the eth will die out and not survive. Btw I was new to crypto in general back then. Then I bought etc the first day it hit poloniex, and I bought a ton. I have holded until now. So what have I done in the meantime?
I have lost hundreds of thousands of dollars by not selling on the top and buying the dip.
I have missed out other pumps because I am all in etc.
All in all, I have lost maybe millions in potential profit but I dont want to repeat my selling misstake. Thats why I dont daytrade.
I have a twitter account and have been supporting etc there and spreading nice words about it and also on telegram and other platforms. I did that for free. So much stress, anxiesty and work for nothing.
Would I do it again? Probably. I am just dissapointed about etc not hitting 0.01 in etc/btc pair despite all the good news. Etc seem to be stuck and everytime it pumps some butthurt idiots will come and spread fud and say by on the dip etc, its gonna go down.
I just hold and hope for the best. It should atleast be 1:2 to ethereum. I would be happy with even 1:5. But the reality is, etc wont overtake eth. I hope I am wrong.
Me and the few I know in the etc world, holds a very large amount of etc. They sometimes call us whales etc, even tho I dont daytrade. I just watch chart every 15 minute and check twitter etc. All that for nothing.
I have waited for a large pump. I have made lots of profits if I sell my coins now. But I am a bit greedy. I want and need more. I am all in etc. Either etc is putting me in my dream house or I dont know. I basically invested everything in it and I dont regret it. I am up over 20x till now. But I want more.
But I am not so optimistc about the pumps etc because all these events and nothing happened. Even eth and ltc pumped during the last Bitcoin bullrun. What the hell, even most shit coins pumped. And even if it pumped hard, like very very hard, I would have lots of btc. The problem would be to cash it out. Even if you are legit and have all the documents, some exchanges will screw you over. This makes me think, we are still in an early stage. Since there is really no good exchanges who actually send peoples btc ans withdrawls etc, I can just try to cash out bit by bit by the time I would sell my coins. Even this is a problem. I dont trust the ”regulated” exchanges because even if they are regulated but they dont send our withdrawls to us, we are as good as screwd and would only wait and hope for the best.
submitted by yuzka to EthereumClassic [link] [comments]

Talking about new beginnings - It's new moon!

Hi there my fellow shibes!

How are you doing these days? I took a break from reddit in the 9 weeks. Holidays, work, health issues and family affairs interfered with my favorite hobby ;-) Things have returned to normal and it's time for a short update on the "Moonpledge" and to tell you about a new beginning!
I hope u are all good and that you are ready for some great news and updates.
Here we go:

Moonpledge overview

Source: moonpledge.com and Moonpledge overview google spreadsheet

My Moonpledge

Source: My Moonpledge google spreadsheet

Why now is a great time to start/renew your moonpledge - the 12 moons price frontier!

I started to collect Dogecoin exchange data to measure the moonpledge status and as it turns out a 12 moons avarege price is a good indicator to determine if the Dogecoin price is pumped.
Check it out:
! Moonpledge Chart
  • The golden line is the average daily Dogecoin price in USD
  • The orange line is the average price in the last 12 moons in USD
  • The silver line is the Moonpledge status today corresponding to the time you started your moonpledge. Expample if you started in May 2015 your profit today is a bout 15%

Right now is a great time to start/renew your Moonpledge because the daiyl proce is about 92% of the 12 moons price - meaning the dogecoin price is not pumped and lower than in the last 12 moons. Could not be better time to start ;-)

*Source: Calculate your Moonpledge

Whats the point of this? What can the Moonpledge do for us?

  • I want to show that you can save Dogecoin over a year or longer and make profit.
  • If we moonpledge all together we we can reach the moon together!
  • Beat the inflation of 5.2 Billion Dogecoin yearly
  • Stabilize the Dogecoin price
  • Make Dogecoin price independent from Bitcoin price
  • Create a decentralized Dogecoin donation fund

What the Moonplege can't do for us!

  • Create a DogEconomy, but it can be a basis for a stable price to build a economy on!
  • Save us from the speculators, but it can help us to recover faster after a massive dump.
Please visit /moonpledge for more infos and discussion

New beginnings

Maybe you shibes remember that I fantasized about founding a Dogecoin foundation. Feedback at that time was that we have already a foundation and that it's not good to have a rival foundation.
I put a lot of thought to it and spoke to my people in the last moons and this picture has crystallized:
  • Here in Germany almost no one has an idea what money is - but everybody uses money!
  • No idea what Open Source - but almost evrybody uses open source Software!
  • Almost no idea what Open Source Crypto Coins! If they have an idea it' distorted and crypto coins are viewed as simple "internet money" - The first question is often: "Why should I use BTC/LTC/DOGE if I can pay with Paypal?
  • The concept of Open Source and Craypto Coins is to complex to explain in a few minutes
  • No easy way of saving/buying crypto coins!
  • Germans are afraid to shop online and give their personal banking info to shops - so there is a great potential where Dogecoin can jump in to shop without sharing personal banking information!
  • We have a big distrust toward the banks and people are unaware of the Open Source alternative
  • Children have no Problem with idea that Dogecoin is "internet money and that they can spend pocket money online using Dogecoin
All my discussions and talks lead my to following conclusion:

In Germany wee need a foundation that promotes the knowledge of Open Source, Money and Savings. The Germans long for an alternative to the money system and they have no problems with testing new ways, as long as they don't need to invest big sums.

Where does Dogecoin fit in this?

Every member of the foundation will automatically save/buy - guess what:

Dogecoin ;-)

Because Dogecoin is the most fun money in the world and that's why we love it!
Be kind and generous and good things will happen.
Much greetings from Germany.
To the moon together!
submitted by to-the-moon-de to dogecoin [link] [comments]

Is Bitcoin Ready to Rally Again? Let's take a look at the chart for BTC, LTC, BCH and more! BITCOIN & LITECOIN FALL AGAIN - ZOOM OUT ON BTC LTC CHARTS LITECOIN/BITCOIN CHART! VERY IMPORTANT TO WATCH THE CLOSE TODAY! HERE'S WHY! Litecoin News & LTC/BTC Charts & Price LITECOIN CHART ANALYSIS BUY NOW! Bitcoin Price 2215 USD BTC Crypto Currency Stock LTC FREE BITCOIN

Bitcoin; Markets; Charts; About. Oct 21, 2020 18:59:43 (UTC) Advertise on Bitcoincharts. Pricechart; Volume comparison ; Symbol. Time Period. Custom Time — < day > Chart Type. Price Band. Moving Averages. Technical Indicators large indicators. Options Show Volume Bars Volume in Currency Parabolic SAR Log Scale Percentage Scale. Link to this chart · Larger chart. This chart is licensed under ... Bitcoin history for 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019. Bitcoin price chart since 2009 to 2019. The historical data and rates of BTC ... BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew ... Bitcoin Charts. Blocks: 481823: Total BTC: 16.523M : Difficulty: 923233068449: Estimated: 887736944047 in 1 blks: Network total: 7983858.406 Thash/s: Blocks/hour: 7.25 / 497 s: Home; Bitcoin; Markets; Charts; About. Jul 29, 2020 08:11:50 (UTC) Advertise on Bitcoincharts. Overview; Currencies; All Markets; Kraken (LTC) Summary; Trade History; Market Depth; Trade History 60d; 30d; 10d; 5d; 2d; v Unlike Bitcoin, Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins, meaning that you can still mine Litecoin on a Mac or on Windows either solo or via a pool, something no longer possible for Bitcoin mining. Scrypt, by design, is more accessible for users that want to mine via CPUs or GPU, as ASIC ...

[index] [14836] [30898] [20151] [6123] [43013] [8310] [15867] [22124] [14546] [42932]

Is Bitcoin Ready to Rally Again? Let's take a look at the chart for BTC, LTC, BCH and more!

Bitcoin weekly @ 1:15 Bitcoin weekly momentum @ 3:15 Bitcoin daily @ 5:20 Bitcoin 4 hour @ 8:45 Litecoin weekly @ 13:20 Litecoin resistance @ 16:00 Litecoin ... Crypto Capital Venture is big on Litecoin, but also covers other cryptocurrency news besides just LTC. The crypto market is on the rise and with it is a growing demand for information on the ... Could we see another massive dump in the coming weeks? lets take a look at BITCOIN LITECOIN and ETHEREUM CHARTS and see what we can expect, Don't forget to LIKE, SUBSCRIBE, COMMENT and SHARE the ... Is Bitcoin Ready to Rally Again? Let's take a look at the chart for BTC, LTC, BCH and more! Let's take a look at the chart for BTC, LTC, BCH and more! Node Investor #Bitcoin #Litecoin #Crypto Trade Crypto Live doesn't push the hype or the BS. We deliver the market as it is, based on technical and fundamental analysis. We do our homework. Your success if our ...

#