CoinMarketAlert FREE Bitcoin, DeFi and Crypto Price Alerts

My journey losing it all (~11 BTC)

I lost it all (this my old rogerver bcashy troll account btw)
I don’t even know how to start but as of yesterday I’m officially broke, I ruined my life and future.
I’m a 23yrs guy, my journey with Bitcoin started in 2014. I bought it to actually use it not sure if people do that nowadays? but The HODL journey didn’t start until the beginning of 2017 as I notice the $ value in my blockchain wallet steadily increasing didn’t even know how or why it was increasing I thought it was a glitch making me free money for this reason I decided to go ALL IN I dumped my life saving into Bitcoin. price was around 1-2K $ and I was able to get 11 BTC in total. Unfortunately before the Bullrun start I lost around 4 coin due to ICO"s scams and just buying shitcooins in poloniex with zero trading knowledge(had a great time with the trollbox).

After my loss I took my coins out of the exchange and held in a cold wallet, Fast forwards September 2017 the price kept going up I couldn’t even believe it specially after it broke past 10k I was so euphoric matter fact I was chilling in here, in this subreddit celebrating with everyone posting memes etc.. When BTC hit 20k my greedy asss still didnt wanna sell I didn’t have a price target I though it will keep going up forever. It was going so quick I couldn’t even process what was happening I told my siblings I was rich they told me to sell this bubble but I said "HELL NO! I was part of the moonboy gang we don’t sell we HOODL" I was 19 at the time. seeing this type of money was unreal I had more than 6 fucking figures in my wallet. Eventually we topped out at 20k I didn’t sell although the price kept going down and down and Depression started to hit after we dropped below 10k specially when it went down more near the 3k level I started to regret everything kicking my self for not listening to my siblings when they told me sell.

Nonetheless I still had faith in Bitcoin and knew one day we will recover but I needed to accepted the fact that it might take months maybe years to get back to ath. for this reason I disconnected from the crypto community I had to forget about Bitcoin so I shifted my focus somewhere else luckily I stumbled across this popular game called “Fortnite” it took all my time and distraction away from my crypto for a good year or two I barely even noticed the peak of 2019.

Anyways mid-late 2019 I got heavy in the stock market I started to see all these guru make insane amount of money just day trading. I was more of an investor type guy but I consumed so much information about day trading and how the psychological aspect is so important, I guess I mastered a bit of that by holding Bitcoin throughout the bear market. Anyways recently in August during the Bitcoin rally I though I had enough skills and decided it was finally time for me to trade Bitcoin specially because it was tradable 24/7 I wanted to start increasing my money and stop sitting on my coins I've had enough of the bear market I thought it was gonna be another P&D episode specially after I started to get deeper in the Crypto community and understood how price moves. I used to be Bitcoin maximalist but then I started to notice the suspicious activity around bitcoin, I came to realize that bitcoin was not the same as it was before, these toxic unregulated entities have turned bitcoin into a giant ponzi playground with everyone being brainwashed by these crypto twitter advocates who are nothing but CZ binance acting puppets. I know it sound crazy but it’s true, the receipt it out to the public, the price is manipulated by Tetther Mafia and these scam exchange. I don’t believe in conspiracy but neither do I believe in coincidence, I witnessed this fraud my own eyes, Whale-alert notified me every time Tetther printed new money and sent it to exchanges and next thing you the price went up. Ever since they added derivative I assume they manipulate the price in spot to liquidate future traders. This whole rally was propt by Tetther mafia using the overall condition in the market as an excuse to attempt artificial FOMO and bring real liquidity in this fake liquidity pool. As the fraud was getting more obvious I started to despise Bitcoin and traded the ponzi based off emotions I neglected the technicals I didn’t have risk management and eventually got liquidated.

This is my 3yr+ journey went from 11 btc to 0.. I feel horrible,sad, hopeless and disappointed this was my whole networth vanished in 1-2month. I deprived myself from so many things these last few years hoping my investment grows enough to fund my future. My family still think I’m holding Bitcoins I feel so bad I let them down not sure I'll be able to recover from this.
Ps: for those saying Tetther is an old conspiracy trust me this time is different and incomparable to the previous years, the fraud is fully transparent now. Their activity has been very suspicious and concerning lately I’m sensing a major exit-scam. this will impact the whole crypto space because this unbacked counterfeit USD holds most if not all the order book liquidity.
submitted by Memory-Dealers to Bitcoin [link] [comments]

Use an alerting system to get price notifications on bitcoin

https://cryptocurrencyalerting.com
With a free account on this site you get 3 email alerts on the price of bitcoin. Specify the price at which you want the alert.
Personally I like to wait for a low to start my prediction.
When you've learned how to draw trend lines on a candle chart, you know the regions to position your alert(s).
submitted by lexwolfe to SwissborgCommunityAPP [link] [comments]

RESEARCH REPORT ABOUT KYBER NETWORK

RESEARCH REPORT ABOUT KYBER NETWORK
Author: Gamals Ahmed, CoinEx Business Ambassador

https://preview.redd.it/9k31yy1bdcg51.jpg?width=936&format=pjpg&auto=webp&s=99bcb7c3f50b272b7d97247b369848b5d8cc6053

ABSTRACT

In this research report, we present a study on Kyber Network. Kyber Network is a decentralized, on-chain liquidity protocol designed to make trading tokens simple, efficient, robust and secure.
Kyber design allows any party to contribute to an aggregated pool of liquidity within each blockchain while providing a single endpoint for takers to execute trades using the best rates available. We envision a connected liquidity network that facilitates seamless, decentralized cross-chain token swaps across Kyber based networks on different chains.
Kyber is a fully on-chain liquidity protocol that enables decentralized exchange of cryptocurrencies in any application. Liquidity providers (Reserves) are integrated into one single endpoint for takers and users. When a user requests a trade, the protocol will scan the entire network to find the reserve with the best price and take liquidity from that particular reserve.

1.INTRODUCTION

DeFi applications all need access to good liquidity sources, which is a critical component to provide good services. Currently, decentralized liquidity is comprised of various sources including DEXes (Uniswap, OasisDEX, Bancor), decentralized funds and other financial apps. The more scattered the sources, the harder it becomes for anyone to either find the best rate for their trade or to even find enough liquidity for their need.
Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
The protocol allows for a wide range of implementation possibilities for liquidity providers, allowing a wide range of entities to contribute liquidity, including end users, decentralized exchanges and other decentralized protocols. On the taker side, end users, cryptocurrency wallets, and smart contracts are able to perform instant and trustless token trades at the best rates available amongst the sources.
The Kyber Network is project based on the Ethereum protocol that seeks to completely decentralize the exchange of crypto currencies and make exchange trustless by keeping everything on the blockchain.
Through the Kyber Network, users should be able to instantly convert or exchange any crypto currency.

1.1 OVERVIEW ABOUT KYBER NETWORK PROTOCOL

The Kyber Network is a decentralized way to exchange ETH and different ERC20 tokens instantly — no waiting and no registration needed.
Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber’s fully on-chain design allows for full transparency and verifiability in the matching engine, as well as seamless composability with DApps, not all of which are possible with off-chain or hybrid approaches. The integration of a large variety of liquidity providers also makes Kyber uniquely capable of supporting sophisticated schemes and catering to the needs of DeFi DApps and financial institutions. Hence, many developers leverage Kyber’s liquidity pool to build innovative financial applications, and not surprisingly, Kyber is the most used DeFi protocol in the world.
The Kyber Network is quite an established project that is trying to change the way we think of decentralised crypto currency exchange.
The Kyber Network has seen very rapid development. After being announced in May 2017 the testnet for the Kyber Network went live in August 2017. An ICO followed in September 2017, with the company raising 200,000 ETH valued at $60 million in just one day.
The live main net was released in February 2018 to whitelisted participants, and on March 19, 2018, the Kyber Network opened the main net as a public beta. Since then the network has seen increasing growth, with network volumes growing more than 500% in the first half of 2019.
Although there was a modest decrease in August 2019 that can be attributed to the price of ETH dropping by 50%, impacting the overall total volumes being traded and processed globally.
They are developing a decentralised exchange protocol that will allow developers to build payment flows and financial apps. This is indeed quite a competitive market as a number of other such protocols have been launched.
In Brief - Kyber Network is a tool that allows anyone to swap tokens instantly without having to use exchanges. - It allows vendors to accept different types of cryptocurrency while still being paid in their preferred crypto of choice. - It’s built primarily for Ethereum, but any smart-contract based blockchain can incorporate it.
At its core, Kyber is a decentralized way to exchange ETH and different ERC20 tokens instantly–no waiting and no registration needed. To do this Kyber uses a diverse set of liquidity pools, or pools of different crypto assets called “reserves” that any project can tap into or integrate with.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
All this swapping happens directly on the Ethereum blockchain, meaning every transaction is completely transparent.

1.1.1 WHY BUILD THE KYBER NETWORK?

While crypto currencies were built to be decentralized, many of the exchanges for trading crypto currencies have become centralized affairs. This has led to security vulnerabilities, with many exchanges becoming the victims of hacking and theft.
It has also led to increased fees and costs, and the centralized exchanges often come with slow transfer times as well. In some cases, wallets have been locked and users are unable to withdraw their coins.
Decentralized exchanges have popped up recently to address the flaws in the centralized exchanges, but they have their own flaws, most notably a lack of liquidity, and often times high costs to modify trades in their on-chain order books.

Some of the Integrations with Kyber Protocol
The Kyber Network was formed to provide users with a decentralized exchange that keeps everything right on the blockchain, and uses a reserve system rather than an order book to provide high liquidity at all times. This will allow for the exchange and transfer of any cryptocurrency, even cross exchanges, and costs will be kept at a minimum as well.
The Kyber Network has three guiding design philosophies since the start:
  1. To be most useful the network needs to be platform-agnostic, which allows any protocol or application the ability to take advantage of the liquidity provided by the Kyber Network without any impact on innovation.
  2. The network was designed to make real-world commerce and decentralized financial products not only possible but also feasible. It does this by allowing for instant token exchange across a wide range of tokens, and without any settlement risk.
  3. The Kyber Network was created with ease of integration as a priority, which is why everything runs fully on-chain and fully transparent. Kyber is not only developer-friendly, but is also compatible with a wide variety of systems.

1.1.2 WHO INVENTED KYBER?

Kyber’s founders are Loi Luu, Victor Tran, Yaron Velner — CEO, CTO, and advisor to the Kyber Network.

1.1.3 WHAT DISTINGUISHES KYBER?

Kyber’s mission has always been to integrate with other protocols so they’ve focused on being developer-friendly by providing architecture to allow anyone to incorporate the technology onto any smart-contract powered blockchain. As a result, a variety of different dapps, vendors, and wallets use Kyber’s infrastructure including Set Protocol, bZx, InstaDApp, and Coinbase wallet.
Besides, dapps, vendors, and wallets, Kyber also integrates with other exchanges such as Uniswap — sharing liquidity pools between the two protocols.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
Limit orders on Kyber allow users to set a specific price in which they would like to exchange a token instead of accepting whatever price currently exists at the time of trading. However, unlike with other exchanges, users never lose custody of their crypto assets during limit orders on Kyber.
The Kyber protocol works by using pools of crypto funds called “reserves”, which currently support over 70 different ERC20 tokens. Reserves are essentially smart contracts with a pool of funds. Different parties with different prices and levels of funding control all reserves. Instead of using order books to match buyers and sellers to return the best price, the Kyber protocol looks at all the reserves and returns the best price among the different reserves. Reserves make money on the “spread” or differences between the buying and selling prices. The Kyber wants any token holder to easily convert one token to another with a minimum of fuss.

1.2 KYBER PROTOCOL

The protocol smart contracts offer a single interface for the best available token exchange rates to be taken from an aggregated liquidity pool across diverse sources. ● Aggregated liquidity pool. The protocol aggregates various liquidity sources into one liquidity pool, making it easy for takers to find the best rates offered with one function call. ● Diverse sources of liquidity. The protocol allows different types of liquidity sources to be plugged into. Liquidity providers may employ different strategies and different implementations to contribute liquidity to the protocol. ● Permissionless. The protocol is designed to be permissionless where any developer can set up various types of reserves, and any end user can contribute liquidity. Implementations need to take into consideration various security vectors, such as reserve spamming, but can be mitigated through a staking mechanism. We can expect implementations to be permissioned initially until the maintainers are confident about these considerations.
The core feature that the Kyber protocol facilitates is the token swap between taker and liquidity sources. The protocol aims to provide the following properties for token trades: ● Instant Settlement. Takers do not have to wait for their orders to be fulfilled, since trade matching and settlement occurs in a single blockchain transaction. This enables trades to be part of a series of actions happening in a single smart contract function. ● Atomicity. When takers make a trade request, their trade either gets fully executed, or is reverted. This “all or nothing” aspect means that takers are not exposed to the risk of partial trade execution. ● Public rate verification. Anyone can verify the rates that are being offered by reserves and have their trades instantly settled just by querying from the smart contracts. ● Ease of integration. Trustless and atomic token trades can be directly and easily integrated into other smart contracts, thereby enabling multiple trades to be performed in a smart contract function.
How each actor works is specified in Section Network Actors. 1. Takers refer to anyone who can directly call the smart contract functions to trade tokens, such as end-users, DApps, and wallets. 2. Reserves refer to anyone who wishes to provide liquidity. They have to implement the smart contract functions defined in the reserve interface in order to be registered and have their token pairs listed. 3. Registered reserves refer to those that will be cycled through for matching taker requests. 4. Maintainers refer to anyone who has permission to access the functions for the adding/removing of reserves and token pairs, such as a DAO or the team behind the protocol implementation. 5. In all, they comprise of the network, which refers to all the actors involved in any given implementation of the protocol.
The protocol implementation needs to have the following: 1. Functions for takers to check rates and execute the trades 2. Functions for the maintainers to registeremove reserves and token pairs 3. Reserve interface that defines the functions reserves needs to implement
https://preview.redd.it/d2tcxc7wdcg51.png?width=700&format=png&auto=webp&s=b2afde388a77054e6731772b9115ee53f09b6a4a

1.3 KYBER CORE SMART CONTRACTS

Kyber Core smart contracts is an implementation of the protocol that has major protocol functions to allow actors to join and interact with the network. For example, the Kyber Core smart contracts provide functions for the listing and delisting of reserves and trading pairs by having clear interfaces for the reserves to comply to be able to register to the network and adding support for new trading pairs. In addition, the Kyber Core smart contracts also provide a function for takers to query the best rate among all the registered reserves, and perform the trades with the corresponding rate and reserve. A trading pair consists of a quote token and any other token that the reserve wishes to support. The quote token is the token that is either traded from or to for all trades. For example, the Ethereum implementation of the Kyber protocol uses Ether as the quote token.
In order to search for the best rate, all reserves supporting the requested token pair will be iterated through. Hence, the Kyber Core smart contracts need to have this search algorithm implemented.
The key functions implemented in the Kyber Core Smart Contracts are listed in Figure 2 below. We will visit and explain the implementation details and security considerations of each function in the Specification Section.

1.4 HOW KYBER’S ON-CHAIN PROTOCOL WORKS?

Kyber is the liquidity infrastructure for decentralized finance. Kyber aggregates liquidity from diverse sources into a pool, which provides the best rates for takers such as DApps, Wallets, DEXs, and End users.

1.4.1 PROVIDING LIQUIDITY AS A RESERVE

Anyone can operate a Kyber Reserve to market make for profit and make their tokens available for DApps in the ecosystem. Through an open reserve architecture, individuals, token teams and professional market makers can contribute token assets to Kyber’s liquidity pool and earn from the spread in every trade. These tokens become available at the best rates across DApps that tap into the network, making them instantly more liquid and useful.
MAIN RESERVE TYPES Kyber currently has over 45 reserves in its network providing liquidity. There are 3 main types of reserves that allow different liquidity contribution options to suit the unique needs of different providers. 1. Automated Price Reserves (APR) — Allows token teams and users with large token holdings to have an automated yet customized pricing system with low maintenance costs. Synthetix and Melon are examples of teams that run APRs. 2. Fed Price Reserves (FPR) — Operated by professional market makers that require custom and advanced pricing strategies tailored to their specific needs. Kyber alongside reserves such as OneBit, runs FPRs. 3. Bridge Reserves (BR) — These are specialized reserves meant to bring liquidity from other on-chain liquidity providers like Uniswap, Oasis, DutchX, and Bancor into the network.

1.5 KYBER NETWORK ROLES

There Kyber Network functions through coordination between several different roles and functions as explained below: - Users — This entity uses the Kyber Network to send and receive tokens. A user can be an individual, a merchant, and even a smart contract account. - Reserve Entities — This role is used to add liquidity to the platform through the dynamic reserve pool. Some reserve entities are internal to the Kyber Network, but others may be registered third parties. Reserve entities may be public if the public contributes to the reserves they hold, otherwise they are considered private. By allowing third parties as reserve entities the network adds diversity, which prevents monopolization and keeps exchange rates competitive. Allowing third party reserve entities also allows for the listing of less popular coins with lower volumes. - Reserve Contributors — Where reserve entities are classified as public, the reserve contributor is the entity providing reserve funds. Their incentive for doing so is a profit share from the reserve. - The Reserve Manager — Maintains the reserve, calculates exchange rates and enters them into the network. The reserve manager profits from exchange spreads set by them on their reserves. They can also benefit from increasing volume by accessing the entire Kyber Network. - The Kyber Network Operator — Currently the Kyber Network team is filling the role of the network operator, which has a function to adds/remove Reserve Entities as well as controlling the listing of tokens. Eventually, this role will revert to a proper decentralized governance.

1.6 BASIC TOKEN TRADE

A basic token trade is one that has the quote token as either the source or destination token of the trade request. The execution flow of a basic token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for ETH as an example. The trade happens in a single blockchain transaction. 1. Taker sends 1 ETH to the protocol contract, and would like to receive BAT in return. 2. Protocol contract queries the first reserve for its ETH to BAT exchange rate. 3. Reserve 1 offers an exchange rate of 1 ETH for 800 BAT. 4. Protocol contract queries the second reserve for its ETH to BAT exchange rate. 5. Reserve 2 offers an exchange rate of 1 ETH for 820 BAT. 6. This process goes on for the other reserves. After the iteration, reserve 2 is discovered to have offered the best ETH to BAT exchange rate. 7. Protocol contract sends 1 ETH to reserve 2. 8. The reserve sends 820 BAT to the taker.

1.7 TOKEN-TO-TOKEN TRADE

A token-to-token trade is one where the quote token is neither the source nor the destination token of the trade request. The exchange flow of a token to token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for DAI as an example. The trade happens in a single blockchain transaction. 1. Taker sends 50 BAT to the protocol contract, and would like to receive DAI in return. 2. Protocol contract sends 50 BAT to the reserve offering the best BAT to ETH rate. 3. Protocol contract receives 1 ETH in return. 4. Protocol contract sends 1 ETH to the reserve offering the best ETH to DAI rate. 5. Protocol contract receives 30 DAI in return. 6. Protocol contract sends 30 DAI to the user.

2.KYBER NETWORK CRYSTAL (KNC) TOKEN

Kyber Network Crystal (KNC) is an ERC-20 utility token and an integral part of Kyber Network.
KNC is the first deflationary staking token where staking rewards and token burns are generated from actual network usage and growth in DeFi.
The Kyber Network Crystal (KNC) is the backbone of the Kyber Network. It works to connect liquidity providers and those who need liquidity and serves three distinct purposes. The first of these is to collect transaction fees, and a portion of every fee collected is burned, which keeps KNC deflationary. Kyber Network Crystals (KNC), are named after the crystals in Star Wars used to power light sabers.
The KNC also ensures the smooth operation of the reserve system in the Kyber liquidity since entities must use third-party tokens to buy the KNC that pays for their operations in the network.
KNC allows token holders to play a critical role in determining the incentive system, building a wide base of stakeholders, and facilitating economic flow in the network. A small fee is charged each time a token exchange happens on the network, and KNC holders get to vote on this fee model and distribution, as well as other important decisions. Over time, as more trades are executed, additional fees will be generated for staking rewards and reserve rebates, while more KNC will be burned. - Participation rewards — KNC holders can stake KNC in the KyberDAO and vote on key parameters. Voters will earn staking rewards (in ETH) - Burning — Some of the network fees will be burned to reduce KNC supply permanently, providing long-term value accrual from decreasing supply. - Reserve incentives — KNC holders determine the portion of network fees that are used as rebates for selected liquidity providers (reserves) based on their volume performance.

Finally, the KNC token is the connection between the Kyber Network and the exchanges, wallets, and dApps that leverage the liquidity network. This is a virtuous system since entities are rewarded with referral fees for directing more users to the Kyber Network, which helps increase adoption for Kyber and for the entities using the Network.
And of course there will soon be a fourth and fifth uses for the KNC, which will be as a staking token used to generate passive income, as well as a governance token used to vote on key parameters of the network.
The Kyber Network Crystal (KNC) was released in a September 2017 ICO at a price around $1. There were 226,000,000 KNC minted for the ICO, with 61% sold to the public. The remaining 39% are controlled 50/50 by the company and the founders/advisors, with a 1 year lockup period and 2 year vesting period.
Currently, just over 180 million coins are in circulation, and the total supply has been reduced to 210.94 million after the company burned 1 millionth KNC token in May 2019 and then its second millionth KNC token just three months later.
That means that while it took 15 months to burn the first million KNC, it took just 10 weeks to burn the second million KNC. That shows how rapidly adoption has been growing recently for Kyber, with July 2019 USD trading volumes on the Kyber Network nearly reaching $60 million. This volume has continued growing, and on march 13, 2020 the network experienced its highest daily trading activity of $33.7 million in a 24-hour period.
Currently KNC is required by Reserve Managers to operate on the network, which ensures a minimum amount of demand for the token. Combined with future plans for burning coins, price is expected to maintain an upward bias, although it has suffered along with the broader market in 2018 and more recently during the summer of 2019.
It was unfortunate in 2020 that a beginning rally was cut short by the coronavirus pandemic, although the token has stabilized as of April 2020, and there are hopes the rally could resume in the summer of 2020.

2.1 HOW ARE KNC TOKENS PRODUCED?

The native token of Kyber is called Kyber Network Crystals (KNC). All reserves are required to pay fees in KNC for the right to manage reserves. The KNC collected as fees are either burned and taken out of the total supply or awarded to integrated dapps as an incentive to help them grow.

2.2 HOW DO YOU GET HOLD OF KNC TOKENS?

Kyber Swap can be used to buy ETH directly using a credit card, which can then be used to swap for KNC. Besides Kyber itself, exchanges such as Binance, Huobi, and OKex trade KNC.

2.3 WHAT CAN YOU DO WITH KYBER?

The most direct and basic function of Kyber is for instantly swapping tokens without registering an account, which anyone can do using an Etheruem wallet such as MetaMask. Users can also create their own reserves and contribute funds to a reserve, but that process is still fairly technical one–something Kyber is working on making easier for users in the future.

2.4 THE GOAL OF KYBER THE FUTURE

The goal of Kyber in the coming years is to solidify its position as a one-stop solution for powering liquidity and token swapping on Ethereum. Kyber plans on a major protocol upgrade called Katalyst, which will create new incentives and growth opportunities for all stakeholders in their ecosystem, especially KNC holders. The upgrade will mean more use cases for KNC including to use KNC to vote on governance decisions through a decentralized organization (DAO) called the KyberDAO.
With our upcoming Katalyst protocol upgrade and new KNC model, Kyber will provide even more benefits for stakeholders. For instance, reserves will no longer need to hold a KNC balance for fees, removing a major friction point, and there will be rebates for top performing reserves. KNC holders can also stake their KNC to participate in governance and receive rewards.

2.5 BUYING & STORING KNC

Those interested in buying KNC tokens can do so at a number of exchanges. Perhaps your best bet between the complete list is the likes of Coinbase Pro and Binance. The former is based in the USA whereas the latter is an offshore exchange.
The trading volume is well spread out at these exchanges, which means that the liquidity is not concentrated and dependent on any one exchange. You also have decent liquidity on each of the exchange books. For example, the Binance BTC / KNC books are wide and there is decent turnover. This means easier order execution.
KNC is an ERC20 token and can be stored in any wallet with ERC20 support, such as MyEtherWallet or MetaMask. One interesting alternative is the KyberSwap Android mobile app that was released in August 2019.
It allows for instant swapping of tokens and has support for over 70 different altcoins. It also allows users to set price alerts and limit orders and works as a full-featured Ethereum wallet.

2.6 KYBER KATALYST UPGRADE

Kyber has announced their intention to become the de facto liquidity layer for the Decentralized Finance space, aiming to have Kyber as the single on-chain endpoint used by the majority of liquidity providers and dApp developers. In order to achieve this goal the Kyber Network team is looking to create an open ecosystem that garners trust from the decentralized finance space. They believe this is the path that will lead the majority of projects, developers, and users to choose Kyber for liquidity needs. With that in mind they have recently announced the launch of a protocol upgrade to Kyber which is being called Katalyst.
The Katalyst upgrade will create a stronger ecosystem by creating strong alignments towards a common goal, while also strengthening the incentives for stakeholders to participate in the ecosystem.
The primary beneficiaries of the Katalyst upgrade will be the three major Kyber stakeholders: 1. Reserve managers who provide network liquidity; 2. dApps that connect takers to Kyber; 3. KNC holders.
These stakeholders can expect to see benefits as highlighted below: Reserve Managers will see two new benefits to providing liquidity for the network. The first of these benefits will be incentives for providing reserves. Once Katalyst is implemented part of the fees collected will go to the reserve managers as an incentive for providing liquidity.
This mechanism is similar to rebates in traditional finance, and is expected to drive the creation of additional reserves and market making, which in turn will lead to greater liquidity and platform reach.
Katalyst will also do away with the need for reserve managers to maintain a KNC balance for use as network fees. Instead fees will be automatically collected and used as incentives or burned as appropriate. This should remove a great deal of friction for reserves to connect with Kyber without affecting the competitive exchange rates that takers in the system enjoy. dApp Integrators will now be able to set their own spread, which will give them full control over their own business model. This means the current fee sharing program that shares 30% of the 0.25% fee with dApp developers will go away and developers will determine their own spread. It’s believed this will increase dApp development within Kyber as developers will now be in control of fees.
KNC Holders, often thought of as the core of the Kyber Network, will be able to take advantage of a new staking mechanism that will allow them to receive a portion of network fees by staking their KNC and participating in the KyberDAO.

2.7 COMING KYBERDAO

With the implementation of the Katalyst protocol the KNC holders will be put right at the heart of Kyber. Holders of KNC tokens will now have a critical role to play in determining the future economic flow of the network, including its incentive systems.
The primary way this will be achieved is through KyberDAO, a way in which on-chain and off-chain governance will align to streamline cooperation between the Kyber team, KNC holders, and market participants.
The Kyber Network team has identified 3 key areas of consideration for the KyberDAO: 1. Broad representation, transparent governance and network stability 2. Strong incentives for KNC holders to maintain their stake and be highly involved in governance 3. Maximizing participation with a wide range of options for voting delegation
Interaction between KNC Holders & Kyber
This means KNC holders have been empowered to determine the network fee and how to allocate the fees to ensure maximum network growth. KNC holders will now have three fee allocation options to vote on: - Voting Rewards: Immediate value creation. Holders who stake and participate in the KyberDAO get their share of the fees designated for rewards. - Burning: Long term value accrual. The decreasing supply of KNC will improve the token appreciation over time and benefit those who did not participate. - Reserve Incentives:Value creation via network growth. By rewarding Kyber reserve managers based on their performance, it helps to drive greater volume, value, and network fees.

2.8 TRANSPARENCY AND STABILITY

The design of the KyberDAO is meant to allow for the greatest network stability, as well as maximum transparency and the ability to quickly recover in emergency situations. Initally the Kyber team will remain as maintainers of the KyberDAO. The system is being developed to be as verifiable as possible, while still maintaining maximum transparency regarding the role of the maintainer in the DAO.
Part of this transparency means that all data and processes are stored on-chain if feasible. Voting regarding network fees and allocations will be done on-chain and will be immutable. In situations where on-chain storage or execution is not feasible there will be a set of off-chain governance processes developed to ensure all decisions are followed through on.

2.9 KNC STAKING AND DELEGATION

Staking will be a new addition and both staking and voting will be done in fixed periods of times called “epochs”. These epochs will be measured in Ethereum block times, and each KyberDAO epoch will last roughly 2 weeks.
This is a relatively rapid epoch and it is beneficial in that it gives more rapid DAO conclusion and decision-making, while also conferring faster reward distribution. On the downside it means there needs to be a new voting campaign every two weeks, which requires more frequent participation from KNC stakeholders, as well as more work from the Kyber team.
Delegation will be part of the protocol, allowing stakers to delegate their voting rights to third-party pools or other entities. The pools receiving the delegation rights will be free to determine their own fee structure and voting decisions. Because the pools will share in rewards, and because their voting decisions will be clearly visible on-chain, it is expected that they will continue to work to the benefit of the network.

3. TRADING

After the September 2017 ICO, KNC settled into a trading price that hovered around $1.00 (decreasing in BTC value) until December. The token has followed the trend of most other altcoins — rising in price through December and sharply declining toward the beginning of January 2018.
The KNC price fell throughout all of 2018 with one exception during April. From April 6th to April 28th, the price rose over 200 percent. This run-up coincided with a blog post outlining plans to bring Bitcoin to the Ethereum blockchain. Since then, however, the price has steadily fallen, currently resting on what looks like a $0.15 (~0.000045 BTC) floor.
With the number of partners using the Kyber Network, the price may rise as they begin to fully use the network. The development team has consistently hit the milestones they’ve set out to achieve, so make note of any release announcements on the horizon.

4. COMPETITION

The 0x project is the biggest competitor to Kyber Network. Both teams are attempting to enter the decentralized exchange market. The primary difference between the two is that Kyber performs the entire exchange process on-chain while 0x keeps the order book and matching off-chain.
As a crypto swap exchange, the platform also competes with ShapeShift and Changelly.

5.KYBER MILESTONES

• June 2020: Digifox, an all-in-one finance application by popular crypto trader and Youtuber Nicholas Merten a.k.a DataDash (340K subs), integrated Kyber to enable users to easily swap between cryptocurrencies without having to leave the application. • June 2020: Stake Capital partnered with Kyber to provide convenient KNC staking and delegation services, and also took a KNC position to participate in governance. • June 2020: Outlined the benefits of the Fed Price Reserve (FPR) for professional market makers and advanced developers. • May 2020: Kyber crossed US$1 Billion in total trading volume and 1 Million transactions, performed entirely on-chain on Ethereum. • May 2020: StakeWith.Us partnered Kyber Network as a KyberDAO Pool Master. • May 2020: 2Key, a popular blockchain referral solution using smart links, integrated Kyber’s on-chain liquidity protocol for seamless token swaps • May 2020: Blockchain game League of Kingdoms integrated Kyber to accept Token Payments for Land NFTs. • May 2020: Joined the Zcash Developer Alliance , an invite-only working group to advance Zcash development and interoperability. • May 2020: Joined the Chicago DeFi Alliance to help accelerate on-chain market making for professionals and developers. • March 2020: Set a new record of USD $33.7M in 24H fully on-chain trading volume, and $190M in 30 day on-chain trading volume. • March 2020: Integrated by Rarible, Bullionix, and Unstoppable Domains, with the KyberWidget deployed on IPFS, which allows anyone to swap tokens through Kyber without being blocked. • February 2020: Popular Ethereum blockchain game Axie Infinity integrated Kyber to accept ERC20 payments for NFT game items. • February 2020: Kyber’s protocol was integrated by Gelato Finance, Idle Finance, rTrees, Sablier, and 0x API for their liquidity needs. • January 2020: Kyber Network was found to be the most used protocol in the whole decentralized finance (DeFi) space in 2019, according to a DeFi research report by Binance. • December 2019: Switcheo integrated Kyber’s protocol for enhanced liquidity on their own DEX. • December 2019: DeFi Wallet Eidoo integrated Kyber for seamless in-wallet token swaps. • December 2019: Announced the development of the Katalyst Protocol Upgrade and new KNC token model. • July 2019: Developed the Waterloo Bridge , a Decentralized Practical Cross-chain Bridge between EOS and Ethereum, successfully demonstrating a token swap between Ethereum to EOS. • July 2019: Trust Wallet, the official Binance wallet, integrated Kyber as part of its decentralized token exchange service, allowing even more seamless in-wallet token swaps for thousands of users around the world. • May 2019: HTC, the large consumer electronics company with more than 20 years of innovation, integrated Kyber into its Zion Vault Wallet on EXODUS 1 , the first native web 3.0 blockchain phone, allowing users to easily swap between cryptocurrencies in a decentralized manner without leaving the wallet. • January 2019: Introduced the Automated Price Reserve (APR) , a capital efficient way for token teams and individuals to market make with low slippage. • January 2019: The popular Enjin Wallet, a default blockchain DApp on the Samsung S10 and S20 mobile phones, integrated Kyber to enable in-wallet token swaps. • October 2018: Kyber was a founding member of the WBTC (Wrapped Bitcoin) Initiative and DAO. • October 2018: Developed the KyberWidget for ERC20 token swaps on any website, with CoinGecko being the first major project to use it on their popular site.

Full Article

submitted by CoinEx_Institution to kybernetwork [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Nov. 2019 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Nov. 2019 Update)
EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years (2018 & 2019) - Month Twenty-Three - Down 85%
Full blog post with all the tables
**NOTE 1** - I'm on the fence whether or not to repeat the experiment yet again in 2020 with the new Top Ten. The problem is that there's been almost no movement: unless something drastic changes in December, it will be the exact same group of cryptos as the 2019 Top Ten minus Tron and plus Binance Coin. Tracking almost the same group, in the same way, for similar prices isn't very inspiring. I have some other ideas, but very open to suggestions: if you have any good ideas, please share them in the comments below. **END NOTE 1**
**NOTE 2** - I usually like to release the two posts a day apart, but I'll be spacing out the Top Ten 2018 and the Top Ten 2019 reports a bit more as readers have mentioned they've been removed by the mods (no offence taken, mods - the content is similar, I assume the posts are being removed because they're seen as identical. **END NOTE 2**
tl;dr - After a positive bounce in October, the cryptoverse is back to the summer's downward trajectory. Every crypto was down in November. Cardano performed the best (or least horribly), Dash lost the month for the first time since the experiment began nearly two years ago. Overall, Bitcoin is still well ahead. 60% of the 2018 Top Ten cryptos has lost at least 90% of their January 2018 value. NEM continues to be the absolute worst performer.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2018/2019 crypto space. I’m trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather report and document in a detached manner letting the numbers speak for themselves.
I have also started a parallel project: on January 1st, 2019, I repeated the experiment, purchasing another $1000 ($100 each) into the new Top Ten cryptos as of January 1st 2019. Spoiler alert: the 2019 Experiment makes for much happier reading.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment two years. Hold only. No selling. No trading. Report monthly. Compare loosely to the 2019 Top Ten Experiment.

Month Twenty-Three - Down 85%

After a strong October bounce, the 2018 Top Ten portfolio reverted to downward trajectory of the summer months. While all cryptos in the experiment were either in the green or flat last month, the opposite was true in November as each crypto ended the month solidly in the red.

Ranking and November Winners and Losers

There was no upward movement in November: every crypto either held onto its position or slid. After slipping three slots last month, Dash fell two more places in November and has now fallen to #22 and out of the Top Twenty for the first time since the beginning of the experiment. For the second straight month, IOTA dropped two places and now is in danger of joining Dash outside the Top Twenty. Bitcoin Cash and NEM also fell one position each, ending November at #5 and #28 respectively.
November Winners - Although it lost -11% in November, Cardano handily outperformed its peers. NEM finished in second, "only" down -15% on the month.
November Losers - Dash had a rough month, losing -28% of its value and dropping out of the Top Twenty. November also marks the first time since January 2018 that Dash ended a month at the bottom. Bitcoin Cash followed close behind Dash, finishing -27% in November.
For those keeping score, here is tally of which coins have the most monthly wins and losses during the first 23 months of this experiment. Most monthly wins (5): Bitcoin. Most monthly losses (5): Stellar. All cryptos have at least one monthly win. Up until last month, the only two coins never to lose a month were Bitcoin and Dash. Thanks to a Dash's dismal November, Bitcoin now stands alone as the only crypto that hasn't lost a month.

Overall update – Bitcoin still well ahead. 60% of the 2018 Top Ten cryptos have lost at least -90% of their January 2018 value, NEM still absolute worst performer.

Although down -45% since January 2018, Bitcoin is still miles ahead of the rest of the field. Litecoin and Ethereum are virtually tied for second place, down -79%.
NEM has performed the absolute worst (currently down -96%) but has plenty of company at the bottom: six out of the ten cryptos that started 2018 in the Top Ten are down at least 90%: NEM, Cardano, Dash, IOTA, Ripple, and Bitcoin Cash. My initial $100 investment in NEM is worth just $3.83.
Additionally, 40% of the cryptos that started 2018 in the Top Ten have dropped out, specifically NEM, Dash, IOTA, and Cardano. They have been replaced by EOS, Binance Coin, Tether, and BTCSV.

Total Market Cap for the entire cryptocurrency sector:

The crypto market gave up its October gains and then some as $50B was shed in November. The overall market cap now back to the $198B mark, last seen in May 2019. Since January 2018, the total market cap is down -66%.

Bitcoin dominance:

Bitcoin dominance decreased slightly in November. For context, the range since the beginning of the experiment in January 2018 has been quite wide: a high of 70% in September 2019 and a low of 33% in February 2018.

Overall return on investment from January 1st, 2018:

The 2018 Top Ten Portfolio lost -$42 in November. If I cashed out today, my $1000 initial investment would return $150, down -85%.
The 2019 Top Ten Experiment is doing better. If I cashed that experiment out today, that $1,000 initial investment would return $1,100, a +10% gain. Full November report to come. In the meantime, here's the October update.
Taken together, here's the bottom bottom line: after a $2000 investment in both the 2018 and the 2019 Top Ten Cryptocurrencies, my portfolios would be worth $1,250.
That's down -37.5%.

Implications/Observations:

As always, the experiment's focus of solely holding the Top Ten Cryptos continues to be a losing approach. While the overall market is down -%66 from January 2018, the cryptos that began 2018 in the Top Ten are down -85% over the same period. This of course implies that I would have done a bit better if I'd picked a different group of cryptos.
At no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-three months compared to the market overall.
I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is now up +17.5% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$175 had it been redirected to the S&P.

Conclusion:

After a bounce in October, it seems like we're back to our previously scheduled programming of downward movement. One month to go in 2019, let's see what happens.
A note: although I'm planning on continuing to track both the 2018 and 2019 Top Ten Cryptos next year, I'm undecided on whether or not to repeat the experiment yet again in 2020. Please do leave your suggestions and ideas in the comments below.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel project where I repeated the experiment, purchasing another $1000 ($100 each) of a new set of Top Ten cryptos as of January 1st 2019.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

Round up of Cryptocurrency News #3 Week 20/07 - 26/07

Pssst! Hey you. Scroll down for commentary!
Important/Notable/Highlights:
Special Mentions:
You haven't had enough news? Here is some more:
Speculation:
You made it! :)
First up, SORRY! This has been a late post, I have my reasons don't question them (if you must know I'll be posting in the discord - one time only haha). Secondly, I am sure you can agree with me when I say "Wow!" What an incredible week it has been. Last week I thought it was going to take a couple more weeks for more moving price action when it had only taken a few days which has seen Bitcoin reach and pass the $10,000 region. We have also seen the total Market cap for cryptocurrencies increase from about 280B to over 300B (308B at time of writing) within just a few days. A huge injection of liquidity, about 40B, into the market and just to name a few of the best rises in the top 20 (on Coinmarketcap.com), the price of ETH BTC ADA have given good performances/positive responses (With this I will start adding screenshots at the end of each week for timestamp purposes).
This may be a combination from Binance, Mastercard, Paypal, Grayscale investments, VISA AND the DEFI sector. Let me explain... Last week we read about Binance integrating with the company Swipe (SXP) to issue there own debit card expanding the use and reach of cryptocurrency to 31 countries within Europe. Binance's Q2 scheduled token burn of $60.5 Million, this figure correlates with its exchange, margin and futures trading platforms where approximately 20% of profits get burned to increase the price of BNB token (careful as the price has been steady after the burn).
This week we find out Mastercard's expansion into the Cryptosphere as they expand and integrate with the Wirex team to issue a Mastercard-backed Bitcoin debit card, thus further extending the reach of cryptocurrency availability internationally.
"The cryptocurrency market continues to mature and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy " "...Our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay"
Mastercard is also reaching out to other emerging cryptocurrency firms to apply to become principal members [Partners] with Mastercard as they have relaxed their digital assets program and look to expand into the Digital Assets and Blockchain environment.
Paypals expression of interest in cryptocurrency facilitiation may bear fruits as it is said Paypal has partnered up with stablecoin operator Paxos (who is already in partnership with Revolut in the US) to facilitate trading through a cryptocurrency brokerage which will enable other firms to integrate cryptocurrency trading functionalities with them. In my opinion this looks much more promising than the Libra association they pulled out from last October as regulations.
Grayscale Investments clears regulatory hurdle as they have been given the green light for its Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) to be quoted in over-the-counter (OTC) markets by US Financial Industry Regulatory Authority (FINRA).
“The Trusts are open-ended trusts sponsored by Grayscale and are intended to enable exposure to the price movement of the Trusts’ underlying assets through a traditional investment vehicle, avoiding the challenges of buying, storing, and safekeeping digital Bitcoin Cash or Litecoin directly.”
More green lights for Cryptocurrency in the US as regulators allow banks to provide cryptocurrency custody services (which may go further than just custody services). A little bit strange as it seems unnecessary and undermines one of the key factors and uses of cryptocurrency which is to be in complete control of your own finances... On another outlook this may be bullish as it allows US banks to provide banking services directly to lawful cryptocurrency businesses and show support for Bitcoin.
Visa shows support stating they have a roadmap for their further expansion into the Crypto sphere. Already working with Crypto platform Coinbase and Fold they have stated they recognise the role of digital assets in the future of money. To be frank, it appears to be focused on stable coins, cost effectiveness and transaction speeds. However they are expanding their support for crypto assets.
AND MOST IMPORTANTLY, DeFI! Our very own growing section in crypto. Just like the 2017 ICO boom we are seeing exorbitant growth and FOMO into the Decentralised Finance sector (WBTC, Stablecoins, Yield farming, DEXs etc). The amount of active addresses on Ethereum has doubled but with the FOMO on their network have sky rocketed their fees! Large use-cases of stable coins such as USDT ($6B in circulation using ERC-20 standard), DAI, TUSD, and PAX. $114M Wrapped Bitcoin (WBTC) on their network acts as a fluid side chain for Bitcoin and DEX trade volume has touched $1.6B this month. With all this action happening on Ethereum I saw the 24HR volume surpass BTC briefly on Worldcoinindex.com
In other news, Bitcoin has been set as a new precedent in a US federal court in a case against Larry Dean Harmon, the operator of an underground trading platform Helix. Bitcoin has now legally been ruled as a form of money.
“After examination of the relevant statutes, case law, and other sources, the Court concludes that bitcoin is money under the MTA and that Helix, as described in the indictment, was an `unlicensed money transmitting business´ under applicable federal law.”
Quick news in China/Asia as floods threaten miners and the most dominant ASIC Bitcoin mining rig manufacturer Bitmain loses 10,000 Antminers worth millions alledgedly goes missing or "illegally transfered" with ongoing leadership dispute between cofounders.
Last but not least, Cardano (ADA) upgrade Shelley is ready to launch! Hardfork is initiated as final countdown clock is switched on. At time of writing the point of no return has been reached, stress tests done and confirmation Hardfork is coming 29/07 The Shelley Mainnet upgrade is a step toward fast, capable and decentralised crypto that can serve billions of people. With the Shelley Mainnet is ADA staking rewards and pools! Here is a chance for us Gravychainers to set up a small pool of our own. Small percentage of profits going into the development of the community, and you keep the rest!
If you read all of my ramblings thanks heaps! I appreciate it! I have added an extra piece of reading called speculation. Most you can speculate on by just reading the headline some others have more depth to them.
Another post next week for a weekly round up! Where do you think the market is going? What is in your portfolio? Let us know in the Gravychain Discord Channel
See you soon!
🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates!
P.S.
Dr Seuss collectables on the blockchain HECK YEAH! and Bitcoin enters NASCAR, remember when Doge did this? it was like when Doge was trending on TikTok.
... Oh yeah did I also mention Steve Wozniak is suing Youtube, Google over rampant Bitcoin scams. Wait, what? Sydney based law firm JPB Liberty is suing Google, Facebook and Twitter for up to $300B. Just another day in the Cryptosphere.
submitted by IOTAbesomewhere to Gravychain [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Year End Recap)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Year End Recap)

EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years (2018 & 2019) - End of Year Summary - Down 86%
Full blog post with all the tables
**NOTE** - I usually like to release the two posts a day apart, but I'll be spacing out the Top Ten 2018 and the Top Ten 2019 reports a bit more as readers have mentioned they've been removed by the mods (no offence taken, mods - the content is similar, I assume the posts are being removed because they're seen as identical. **END NOTE**
tl;dr - Every crypto was down again in December. After two years tracking this group of cryptos, I'm down -86%. Although the market as a whole rebounded in 2019, the 2018 Top Ten portfolio was flat for the year. Bitcoin wins this year by far, do you know who one last year? 60% of the 2018 Top Ten cryptos has lost at least 90% of their January 2018 value and 50% of cryptos aren't in the Top Ten anymore. NEM continues to be the absolute worst performer. Happy New Year, Happy New Decade!

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2018/2019 crypto space. I’m trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.
I have also started a parallel project: on January 1st, 2019, I repeated the experiment, purchasing another $1000 ($100 each) into the new Top Ten cryptos as of January 1st 2019. Spoiler alert: the 2019 Experiment makes for much happier reading.

Month Twenty-Four and Two Year Tally – Down 86% since January 2018

Thought not quite as bad as November, December was a rough month in the cryptoverse: for the second straight month, each of the 2018 Top Ten cryptos ended 2019 in the red.
Finally tally after two years of this experiment? I am now down -86% on the 2018 Top Ten crypto portfolio since January 2018. My $1,000 investment on the 1st of January 2018 is now worth $136.
This isn’t quite the record low: the 2018 Top Ten bottomed out at -88% in January of 2019.
The best month this year for this group of cryptos was June 2019, where this portfolio reached a -71% return on initial investment.

Ranking and December Winners and Losers

For the second straight month, there was no upward movement: every crypto either held onto its position or slid. Stellar, Cardano, and NEM, each dropped a position, down to #11, #13, and #29 respectively.
December was not kind to IOTA and Dash: IOTA fell three spots to #23 and Dash dropped four positions to #26.
December WinnersBitcoin pretty much broke even, down only -2% in December. Second place goes to Bitcoin Cash, down -6%.
December Losers – For the second month in a row, I’m going to have to give the loss to Dash. Although it virtually tied with IOTA and Dash (both down -21%), Dash also reached a new low, settling down at #26. A reminder: since January 2018, Dash had never ended a month in last place until last month.
For those keeping score, here is tally of which coins have the most monthly wins and losses after two years of the 2018 Top Ten Cryptos Experiment. Most monthly wins (6): Bitcoin. Most monthly losses (5): Stellar. All cryptos have at least one monthly win and Bitcoin now stands alone as the only crypto that hasn’t lost a month.

FINAL RESULTS after tracking this group through 2018 and 2019: Bitcoin is well in the lead, followed distantly by Litecoin, then Ethereum. NEM and Dash are the worst overall performers.

Although down -46% since January 2018, Bitcoin is still miles ahead of the rest of the field. Litecoin and Ethereum are virtually tied at a very distant second place down -81% and -82% respectively.
That’s what victory looks like for the Top Ten 2018 batch of cryptos.
If that’s victory, what’s defeat?
NEM has performed the absolute worst, down -97%. in two years. My initial $100 investment is now worth $3.47.
But NEM is by no means alone at the bottom: 60% of the cryptos that started 2018 in the Top Ten are down at least 90%: NEM, Cardano, Dash, IOTA, Ripple, and Bitcoin Cash.
As you’ll see on the chart above, 50% of the cryptos that started 2018 in the Top Ten have dropped out, specifically NEM, Dash, IOTA, Stellar, and Cardano. They have been replaced by EOS, Binance Coin, Tether, Tezos, and BTCSV. Three coins (NEM, Dash, IOTA) have dropped out of the Top Twenty and one (NEM) is in danger of dropping out of the the Top Thirty. Quite a fall in two years.
Of note, with the exception Cardano, the Top Five cryptos have more or less stayed put over the course of the twenty-four month experiment. Also of note: Litecoin has maintained perfect consistency, ending 2017, 2018, and 2019 glued to the #6 position.
For extra credit, does anyone remember which crypto finished 2018 in the lead?
Answer – Stellar.
Probably not what you were thinking, huh?

Total Market Cap for the entire cryptocurrency sector:

The crypto space lost $9B in December, which isn't much for crypto and nowhere near the $50B which evaporated in November. The overall market cap is now back to the $189B mark, last seen in May 2019.
Two Year Final Market Cap Figures:
  • Since January 2018 – the total market cap for crypto has dropped -67%.
  • Since January 2019 – the total market cap for crypto has increased +49%
  • Worst Month – January 2019 ($114B total crypto market cap)
  • Best Month – January 2018 ($575B total crypto market cap)
  • The last time the total market cap reached $500B: January 2018
  • The last time the total market cap reached $400B: May 2018
  • The last time the total market cap reached $300B: August 2019
  • The last time the total market cap reached $200B: November 2019

Bitcoin dominance:

Bitcoin dominance ticked back up in December and ends 2019 at 68%, a level not seen since September 2019 and much higher than 2018’s year end figure of 52%.
For context, the range since the beginning of the experiment in January 2018 has been quite wide: a high of 70% in September 2019 and a low of 33% in February 2018.

Overall return on investment since January 1st, 2018:

After an initial $1000 investment, the 2018 Top Ten Portfolio is worth $136, down about -86% in two years.
Although the overall market ended 2019 stronger than the year before, the 2018 Top Ten Experiment cryptos finished at more or less the same level: last year the portfolio recorded a -85% loss and was worth $152.
  • Lowest 2018 Top Ten portfolio value: January 2019 ($122)
  • Highest 2018 Top Ten portfolio value: January 2018 ($792)
The 2019 Top Ten Experiment is doing better, but the year end report will show that group has basically broken even for the year, up a mere +2%. The year end report will be released soon for the 2019 Top Ten.
Taken together, here’s the bottom bottom line: after a $2000 investment in both the 2018 and the 2019 Top Ten Cryptocurrencies, my portfolios would be worth $1,153.
That’s down about -42%.

Implications/Observations:

Congratulations to Bitcoin which significantly outperformed the rest of the field at the end of the first two years of the 2018 Top Ten Index Fund experiment.
Two years on, there are a few obvious takeaways from the 2018 experiment. Buying at all time highs put this experiment in a difficult position from the start and it has not yet come close to just breaking even. The high point of this experiment was at the end of the very first month (January 2018) where the portfolio was “only” down -20%. I haven’t run the numbers, but by eyeballing and with hindsight, it’s easy to see that it would have been much better to come in at just about any other time during that first year. The portfolio would still be down, but not like this – not like this.
That said, buying mid-January when prices were even higher would have been worse – hard to imagine considering my Top Ten buys on New Years Day 2018 have seen a -86% drop – but yes, it could have been even worse.
For each of the first twenty-four months, the experiment’s focus of solely holding the Top Ten Cryptos continues to be a losing approach. While the overall market is down -67% from January 2018, the cryptos that began 2018 in the Top Ten are down -86% over the same period. This of course implies that I would have done a bit better if I’d picked different cryptos.
At no point in the 2018 Top Ten Experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-four months compared to the market overall.
There are a few examples, however, of this approach outperforming the market in the parallel 2019 Top Ten Crypto Currency Experiment.
I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is now up +21% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$210 had it been redirected to the S&P.

Conclusion:

Although the 2018 Top Ten Experiment cryptos ended 2019 pretty much where they began, the market overall saw some solid gains in 2019. 2018 ended pretty hopelessly as crypto seemed to be in free-fall. 2019 overall felt like a recovery story, as a bottom was reached. With The Bitcoin Halvening due to arrive mid 2020, it should be another interesting year in the crypto space.

Thanks and Future of the Experiments:

Thanks for reading and for supporting the experiment(s). I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel project where I repeated the experiment, purchasing another $1000 ($100 each) of a new set of Top Ten cryptos as of January 1st 2019.
As for the future of the experiment, why not, let’s keep this thing rolling:
  1. I’ll continue to hold and will report on the Top Ten Cryptos of 2018.
  2. I’ll continue to hold and will report on the Top Ten Cryptos of 2019.
  3. I’ve also decided to repeat the experiment with the Top Ten Cryptos of 2020.
Thanks again and all the best in your crypto adventures!
edit: changed a bad link
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

Trading View (Request)

App Name: TradingView - stock charts, Forex & Bitcoin ticker
Description: Stock charts with real-time market quotes & trading ideas. Traders & Investors.
Simple for beginners and effective for technical analysis experts, TradingView has all of the instruments for publication and the viewing of trading ideas. Real-time quotes and charts are available for wherever you are at whatever time.
At TradingView, all data is obtained by professional providers who have direct and extensive access to stock quotes, futures, popular indices, Forex, Bitcoin and CFDs.
You can effectively track stock market and major global indices such as the NASDAQ Composite, S&P 500 (SPX), NYSE, Dow Jones (DJI), DAX, FTSE 100, NIKKEI 225, etc. You can also learn more about exchange rates, oil prices, mutual funds, bonds, ETFs and other commodities.
TradingView is the most active social network for traders and investors. Connect with millions of traders from around the world, learn from the experiences of other investors and discuss trading ideas.
Advanced Charts TradingView has excellent charts that surpass even desktop trading platforms in quality — all for free. No compromises. All of the features, settings and tools of our charts will also be available in our app version. Over 10 types of charts for market analysis from different angles. Starting with an elementary chart line and ending with Renko and Kagi charts, which focus heavily on price fluctuations and barely take time into account as a factor. They can be very useful for determining long-term trends and can help you earn money.
Choose from a large selection of price analysis tools, including, but not limited to, indicators, strategies, drawing objects (i.e. Gann, Elliot Wave, moving averages) and more.
Individual watchlists and alerts You can track major global indices, stocks, currency pairs, bonds, futures, mutual funds, commodities and cryptocurrencies all in real-time.
Alerts will help you not to miss the smallest of changes in the market and will allow you to react in time to invest or sell profitably, increasing your overall profit.
Flexible settings help you to track the indices you need and also group them in a way that is convenient for you.
Syncing your accounts All saved changes, notifications, charts, and technical analysis, which you began on the TradingView platform will be automatically accessible from your mobile device through the app.
Real-time data from global exchanges Gain access to data in real-time on more than 100,000 instruments from over 50 exchanges from the United States, Russia, the East, and countries in Asia and Europe, such as: NYSE, LSE, TSE, SSE, HKEx, Euronext, TSX, SZSE, FWB, SIX, ASX, KRX, NASDAQ, JSE, Bolsa de Madrid, TWSE, BM&F/B3, MOEX and many others!
Commodity prices In real-time, you can track prices for gold, silver, oil, natural gas, cotton, sugar, wheat, corn, and many other products.
Global indices Track major indices of the world stock market in real-time: ■ North and South America: Dow Jones, S&P 500, NYSE, NASDAQ Composite, SmallCap 2000, NASDAQ 100, Merval, Bovespa, RUSSELL 2000, IPC, IPSA; ■ Europe: CAC 40, FTSE MIB, IBEX 35, ATX, BEL 20, DAX, BSE Sofia, PX, РТС, ММВБ (MOEX); ■ Asian-Pacific Ocean Regions: NIKKEI 225, SENSEX, NIFTY, SHANGHAI COMPOSITE, S&P/ASX 200, HANG SENG, KOSPI, KLCI, NZSE 50; ■ Africa: Kenya NSE 20, Semdex, Moroccan All Shares, South Africa 40; and ■ Middle East: EGX 30, Amman SE General, Kuwait Main, TA 25.
Cryptocurrency Get the opportunity to compare prices from leading cryptocurrency exchanges, such as HitBTC, Binance, BitBay, Coinbase, Mercado Gemini, Kraken, Huobi, OkCoin, and many others. Get information on prices for: ■ Bitcoin (BTC), Litecoin (LTC), Ripple (XRP); ■ Ethereum ( ETH), Ethereum Classic (ETC), IOTA; ■ Dogecoin (DOGE), USD Coin (USDC), Tron (TRX); ■ Stellar (XLM), Tether (USDT), Cardano (ADA); ■ Monero (XMR), ZCash (ZEC), Dash.
Playstore Link: https://play.google.com/store/apps/details?id=com.tradingview.tradingviewapp
Mod Features: Additional indicators available in pro version of this app
submitted by shinigamidoge to moddedandroidapps [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Aug. 2019 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2018 (Aug. 2019 Update)

EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years (2018 & 2019) - Month Twenty - Down 80%
Full blog post
tl;dr - August marked the second down month in a row and Bitcoin snapped its streak of six straight months of growth. Bitcoin dominance sets yet another all time Experiment high and is 50 percentage points ahead of second place Litecoin.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2018/2019 crypto space. I’m trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.
I have also started a parallel project: on January 1st, 2019, I repeated the experiment, purchasing another $1000 ($100 each) into the new Top Ten cryptos as of January 1st 2019. Spoiler alert: the 2019 Experiment makes for happier reading.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment two years. Hold only. No selling. No trading. Report monthly.

Month Twenty - Down 80%

https://preview.redd.it/fx3itih2klk31.png?width=1128&format=png&auto=webp&s=0849826fb90014a84c48352a9d21900f037135b6
August ended completely in the red with all of the 2018 Top Ten losing ground. BTC performed the "best", down -10%. While February through June saw five straight months of upward trajectory, July and August have ushered in two-month downward streak.

Ranking

https://preview.redd.it/o3klsxc5klk31.png?width=352&format=png&auto=webp&s=9998d36de6d6e3eaf18b7d7ddfd1ac275a81eecf
Despite being down for the month Cardano and IOTA both gained a place in the rankings against their peers. NEM continued its slow and steady fall, now at #24. Stellar keeps yo-yoing in and out of the Top Ten, this month dropping to #11. Dash had a tough August, dropping two places to #17.
NEM, Dash, IOTA, Stellar, and Cardano are the 2018 Top Ten dropouts - they have been replaced by EOS, Binance Coin, Tether, Monero and BTCSV.
August Winners - Although down -10%, this was enough for Bitcoin to outperform the field.
August Losers - All coins finished in the red, but Litecoin had roughest month, down -29% followed by NEM, down -26%. Stellar dropped back out of the Top Ten as well.
For those keeping score, here is tally of which coins have the most monthly wins and loses during the first 20 months of this experiment. Most monthly wins (5): Bitcoin. Most monthly loses (5): Stellar. All cryptos have at least one monthly win. The only two coins never to lose a month? Bitcoin and Dash.
https://preview.redd.it/mjgzmk97klk31.png?width=352&format=png&auto=webp&s=ce4f56bdd5f7da16448ebf5a9eac9c9d663f77d9

Overall update – Bitcoin opens widest lead of the experiment. NEM, Cardano, and IOTA worst performers.

Although down -10% on the month, Bitcoin is crushing the other Top Ten experiment coins. BTC is down -20% since January 1st 2018 but now holds a +50 percentage point lead over second place Litecoin which is down nearly -70% over the same period. This is by far the widest lead Bitcoin (or any coin for that matter) has held since I started the experiment nearly two years ago.
NEM is still the worst overall performer (down -95%) followed by IOTA and ADA both down -93%. My initial $100 investment in NEM is worth just $5.20.

Total Market Cap for the entire cryptocurrency sector:

https://preview.redd.it/fhpgaoj9klk31.png?width=436&format=png&auto=webp&s=73776ecf73d90c78ed73add3262aa07d58b9b161
For the second straight month, the total crypto market cap decreased, shedding about $40B in August. The overall market cap dipped below the $300B mark and is back to a level we saw around early June 2019.

Bitcoin dominance:

https://preview.redd.it/dcmlbhebklk31.png?width=405&format=png&auto=webp&s=d432486c2b4b71c5d746937ec2ec1150a0ff12c6
Bitcoin dominance continues to increase, now at 70%. This is easily the highest point so far since the experiment began in January 2018. For context, Bitcoin dominance was at 33% in early February 2018.

Overall return on investment from January 1st, 2018:

https://preview.redd.it/gsweszecklk31.png?width=305&format=png&auto=webp&s=43f75a36f00b4ecc03ef29033179b3efd1212999
My Top Ten 2018 portfolio lost about $45 in total value this month. The August decrease confirms a two month losing streak after an impressive five month straight run of gains (February to June).
If I cashed out today, my $1000 initial investment would return about $203, down nearly -80%.

Implications/Observations:

Although still down overall since January 2018, Bitcoin is dominating the space and showing no mercy towards other cryptocurrencies. August did snap BTC's streak of six straight months of growth but this month also saw it shatter the 70% dominance figure for the first time since the experiment began.
Bitcoin continues to increase its overall lead. After twenty months, it is now about 50 percentage points ahead of distant second place Litecoin in terms of return on initial investment.
As always, the experiment's focus of solely holding the Top Ten Cryptos continues to be a losing approach. While the overall market is down -%53 from January 2018, the cryptos that began 2018 in the Top Ten are down -80% over the same period. That's close to a 30% difference, the widest gap of the experiment so far.
At no point has this investment strategy worked: the initial 2018 Top Ten have under-performed each of the twenty months compared to the market overall.
I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is now up +8.7% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$87 had it been redirected to the S&P. (By the way, I'm not counting reinvested dividends, just as I'm not tracking potential staking rewards in cypto. Reason? Laziness).
https://preview.redd.it/t6e04amfklk31.png?width=383&format=png&auto=webp&s=fcc02316c1a1dde066cc26e61bff97bf70b12c98

Conclusion:

No doubt about it, August was a down month for crypto - the first all red month for the Top Ten 2018 Experiment cryptos since January 2019. Bitcoin, after getting tantalizingly close to the break even point in July (the price I paid on January 1st 2018) retreated a bit in August, but still continues to dominate. 70% dominance seems incredibly high - how much higher can it go? Will alts ever make a move?
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel project where I repeated the experiment, purchasing another $1000 ($100 each) of a new set of Top Ten cryptos as of January 1st 2019.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

TokenClub Bi-Weekly Report — Issue 114(5.4–5.17)

TokenClub Bi-Weekly Report — Issue 114(5.4–5.17)

https://preview.redd.it/kkhj7agzz5251.png?width=875&format=png&auto=webp&s=f47007e7923d8f40d98e3ba7d08a31c3729a0bd3
Hello everyone, thank you for your continued interest and support. In the past two weeks, various tasks of TokenClub have been progressing steadily. The product development and community operation progress this week are as follows:
1. TokenClub Events
1)TokenClub & 499Block reached strategic cooperation in live broadcasting
On May 28th, TokenClub and 499Block reached a strategic cooperation to jointly build a live broadcast ecosystem in the vertical field of blockchain.
2)520e events
When 520 comes, TokenClub launches live interactive interaction. During the event, participate in interactive questions in the live broadcast room or forward the live poster to Twitter and the telegram group, and upload a screenshot to have the opportunity to extract 520, 1314 red envelope rewards

https://preview.redd.it/apyee28406251.png?width=1080&format=png&auto=webp&s=9c9798db931ad6611d6c258907120610ae11ff11

3)Text version of live content is abailable on Medium
In order to better understand the live broadcast of TokenClub by overseas communities, we translated the live broadcast content into English and uploaded it to TokenClub’s Medium official account, so that the community’s small partners can view it.


https://preview.redd.it/hhmu3pl506251.png?width=1080&format=png&auto=webp&s=fae9d42dcdee9d079219d1ffe612fc573bad01e8
4)Preview: TokenClub’s self-media grandma is invited to participate in the golden financial theme live event
From May 29th to June 4th, Golden Finance will hold a five-day live broadcast of the theme of “Finding Double Coins”. Grandpa Coin will express his views on June 3, welcome to pay attention.

2.TokenClub Live
1) Summary
Recently, Binance Co-founder He Yi, TRON founder Sun Yuchen, Hobbit HBTC founder Ju Jianhua, OSL chairman Dave, BlockVC founding partner Xu Yingkai, Outlier Ventures founder amie Burke, Bitribe founder SKY, CryptoBriefing CEO Han Kao , Huarai Group / Vice President, Global Market and Business Leader Ciara, Guosheng Securities Blockchain Research Institute Sun Shuang, Tongtongtong Research Institute CEO Song Shuangjie, Jin Tiancheng Law Firm Senior Partner Yu Bingguang, Binance China Jiang Jinze, principal researcher of Blockchain Research Institute, Meng Yan, vice president of Digital Asset Research Institute, co-founder of Primitive Ventures & director of Coindesk advisory board-Dovey Wan, founding partner of Genesis Capital & co-founder of Kushen Wallet Ocean Liao Yangyang, Binance C2C-Kathy, Binance OTC-Coco, Binance Contract & Options-Justin, Binance VIP-Jennifer, Binance Broker-Jess, Binance Mining Pool-Denny, Harbin Institute of Technology Blockchain Research Executive Deputy Director Xu Zhifeng, dForce founder Yang Mindao, Mars Finance co-founder Shang Silin, Cobo & Yuchi co-founder Shenyu, well-known investor Xu Zhe, CasperLabs CEO Mrinal Manohar, CasperLabs co-founder Scott Walker, Chairman of Rock Tree Omer Ozden, Nova Club incubation team leader & Waterdrop Capital partner Zheng Yushan, Rolling Stone miner founder Alex Lam, BitUniverse coin founder Chen Yong, Odaily Planet Daily founder and CEO Mandy Wang Mengdie, Binance stablecoin BUSD project responsible Helen Tu and senior expert of TokenClub blockchain and cryptocurrency investment strategy-Zao Shen talks with you about blockchain things ~
On May 18, Block 101 Binance Key Account Manager Luna talked to Primitive Ventures co-founder, non-profit bitcoin development fund Hardcore Fund executive director, and Coindesk advisory board director-Dovey Wan, to understand “C and C How is the Goddess of Crypto Assets made? “Dovey Wan shared with us on asset allocation, investment judgment, entrepreneurship, DCEP, etc.


https://preview.redd.it/0dsry36906251.png?width=1080&format=png&auto=webp&s=a7f6f4b852547d2e43114f81a981f7aa6ea10f61
On May 19, Block 101 Yingge talked with Sun Zeyu, the founding partner of Genesis Capital and co-founder of Kushen Wallet, to share the theme of “Blockchain Investment Experience”. This investor, who is rated as “reliable” by insiders, recommends that novices try not to touch contracts, do not stay overnight even when making contracts, be alert to risks, refuse gambling, and rationally analyze investments.

On May 20th, 499Block ’s two-year birthday carnival “Global Hot Chain, Keeping Together for Every Year” celebration was held in the TokenClub Live Room. The cross-border AMA Solitaire + popular day group anchor live video sharing, including Binance Co-founder He Yi, TRON founder Sun Yuchen, Hobbit HBTC founder Ju Jianhua, OSL chairman Dave, BlockVC founding partner Xu Yingkai, Outlier Ventures founder amie Burke, Bitribe founder SKY, CryptoBriefing CEO Han Kao, Huobi Group / Vice President Global Markets and Dozens of blockchain leaders from home and abroad, such as Ciara, the business leader, all appeared on the scene, and 499Block became a popular beauty angel group to help the interactive host.


https://preview.redd.it/ga6ey51b06251.png?width=1280&format=png&auto=webp&s=d94cc1a03640538ec1e99443c8cbb7a5e77596de
On May 20, Sun Shuang, senior researcher of Guosheng Securities Blockchain Research Institute, Song Shuangjie, Jin Tong, CEO of Tongzhengtong Research Institute were jointly invited by Lingang Xinyefang, Lingang Innovation Management School, and Binance China Blockchain Research Institute. Tian Bingguang Senior Partner Yu Bingguang, Binance China Blockchain Research Institute Chief Researcher Jiang Jinze, Vice President of Digital Assets Research Institute Meng Yan, and many experts talked about the “Critical Digital RMB DCEP” in the live broadcast, one A feast of intertwined thoughts is worth watching again!

On May 21st, Ocean Liao Yangyang, the founder of Block 101 Seven Seven Dialogue Force Field, focused on the “big enlightenment era of digital assets”, Ocean shared with us his entrepreneurial experience, the first pot of gold, public chain, currency circle and Analysis of the current market. Regarding the future of Bitcoin, Ocean feels that he can work hard towards the direction of digital gold and become a substitute or supplement for gold. He is determined to see more, because the ceiling of the entire industry is very high, and he still cannot see its end point. The index level is rising, far from being over.

On May 22, “In the name of the Pizza Festival, we came to a different live broadcast” Bringing Goods “”, which was organized by the girls in the 101-day group of the block: June 6, July 7, Sisi, Yingge, Qianjiangyue , Dialogue: Binance First Sister, Binance C2C-Kathy, Binance OTC-Coco, Binance Contract & Options-Justin, Binance VIP-Jennifer, Binance Broker-Jess, Binance Mining Pool-Denny. We have explained to us one by one about C2C, OTC, contract options, etc. If you are interested, please move to the live room.


https://preview.redd.it/a9am0j5e06251.png?width=1080&format=png&auto=webp&s=7f8d0e80492027a000d4e719ec727b56cc27d94f
On May 22, Block 101 Sisi Dialogue Xu Zhifeng, executive deputy director of the Blockchain Research Center of Harbin Institute of Technology, shared the theme: “Strategy of Great Powers: Seizing New Highlands of Blockchain Technology”. He expressed his views on his own currency circle experience, entrepreneurship, blockchain technology, DECP, etc. Xu Zhifeng is very optimistic about the future development of blockchain. He said: “Ten years later, blockchain will become a very common industry. We are the Internet industry and have never changed.”

On May 23, the old Chinese doctor Zao Shen from the coin circle went online ~ The theme of this issue: If you want to be short, you must be able to sing first, and if you want to be long, you must be patient. If the meal is not fragrant, the game is not good, and the happiness of the past has drifted into the distance, just because the daily reading is still a loss, and the head is hurt. Don’t panic, the old Chinese doctor Zao Shen of the currency circle will adopt the Trinity Interventional Therapy and precise care to regenerate life. Don’t move quickly to the live room to see what “therapy” is.

On May 25, Block 101, July 7th conversation with dForce founder Yang Mindao, talked about “DeFi opportunities and challenges.” Yang Mindao believes that the four biggest benefits of DeFi are: programmability; non-custodial nature; non-licensing; composability. He believes that the current public chain market is seriously homogenized, and the most promising public chain is Ethereum. Ethereum is the best and largest in terms of developer group, ecology, and technological evolution, and can absorb the advantages of each public chain. At the same time, he is also extremely optimistic about DeFi, “DeFi application value is gradually verified, and the value of this type of token will gradually become more prominent.”

On May 26th, Mars Finance co-founder Shang Silin Hardcore Dialogue Cobo & Yuchi co-founder Shenyu and well-known investor Xu Zhe. The trend of “financialization” in the digital asset industry is becoming more and more obvious, and the friends of miners need to master more and more skills. Unveiling the mystery of hedging for everyone.

On May 26th, Nova Superstar Dialogue Phase 13 focused on the Silicon Valley star project CasperLabs, specially invited CasperLabs CEO Mrinal Manohar, CasperLabs co-founder Scott Walker, Rock Tree chairman Omer Ozden, and Nova Club incubation team leader Water Capital Partners Zheng Yushan, discuss CasperLbs together.
On May 26, Block 101 Sisi talked with the founder of the Rolling Stone Miner, Alex Lam, and took us into the “post-worker life” of a PhD in finance. Alex shared the reasons for entering the coin circle, the first pot of gold, mining, pitted pits, investment experience and opportunities in the digital currency industry. Alex said: Bitcoin exceeds US $ 100,000, and it will be in the second half of next year or the year after.
On May 27th, Block 101 Yingge talked with BitUniverse founder Chen Yong and shared the theme: “Who” needs grid trading. Chen Yong mainly introduced the currency trading tool of Bitcoin. In his view, grid trading has changed an investor’s concept-from stud into a batch of positions and positions. Regarding the price of Bitcoin, Chen Yong believes that the price of Bitcoin may reach one hundred thousand dollars around 2030.

On May 28, Block 101 Binance Mining Pool Wu Di talked to Mandai Wang Mengdie, founder of Planet Daily Odaily, to learn more about the process of “media entrepreneurs marching into the blockchain from venture capital circles”. Mandy believes that the core competence in the media industry is high-quality original content, which is the most basic but difficult to stick to. The initial focus of entering the mixed media industry of the dragon and dragon is to focus and amplify value.

On May 29th, Block 101 Qianjiangyue Dialogue Hellen Tu, the project leader of Binance Stablecoin BUSD project, talked with everyone about the stablecoin “Life and Death”, Hellen shared the stablecoin in detail, and published his own the opinion of. For details, please move to the live room.

On May 30th, Zaoshen came to share the theme: Dongfeng blowing, bullets flying, unlimited chase? In this issue, Zao Shen shared with you the recent international financial situation and various major events in the United States in the past week, which extended to the impact on the currency circle and answered various questions about investment strategies. Friends who want to know more details can move to the live room of Zao Shen.
3.TokenClub operation data
-Live data: 13 live broadcasts in the past two weeks, with over 800,000 views. TokenClub hosted a total of 870 live broadcasts with a total of 45.06 million views.
-Binary trade data: In the past two weeks, guess the rise and fall to participate in a total of 1268 times, the amount of participation exceeded 2 million TCT. At present, it is guessed that the rise and fall function has participated in a total of 1.11 million times, with a cumulative participation amount of 498 million TCT.
-Chat data: In the past two weeks, a total of 19271 messages have been generated. A total of 4.85 milliom messages have been launched since the function was launched.
-Mini-game data: The mini-game has participated in a total of 4212 times in the past two weeks. A total of 1,66 million self-functions have been online.
-Cut leeks game data together: Since the game was launched, the total number of user participation in the game was 962612 TCT total consumption was 6,27 million gift certificate total consumption was 15,95million and TCT mining output was 161496.
-TokenClub KOL data: Over the past two weeks, the total reading volume of the BTCGrandpa article has been viewed by more than 300,000 people.
-Social media data: At present, the number of Weibo official accounts is 18033 and the number of Twitter followers is 1332 and we have opened the official Medium account this week, welcome to follow.
-Telegram official group data: In the past 2 weeks, there were 238 chats in the group, and the total number of Telegram official groups is currently 2906.
-Medium data: Medium official account u/TokenClub has published 5 excellent articles, official announcements and updates are published in English, welcome to follow.
4.Communities
1)Overseas Community
TokenClub held an event for forwarding Twitter and telegram group chats for overseas users. Bitcoin halved in less than two weeks, overseas users are more active in the telegram group, and some friends are more concerned about Binance Block 101 live broadcast, aggregation exchange, TCT usage and other issues, the administrator responded in time.On May 12th, when Bitcoin was halved, TokenClub organized a forwarding Twitter, telegram group chat prize event and participating in a live question asking interactive prize event for overseas users. There are many live broadcast events in the near future. The live broadcast poster information will be released to overseas users as soon as possible. The follow-up TokenClub will translate and broadcast high-quality live broadcast content to Twitter and Medium. Bitcoin halved, overseas users are more active in the telegram group, and some partners are more concerned about block 101 live broadcast, bitcoin future price trend, TCT usage and other issues, the administrator responded in time in the group.


https://preview.redd.it/2nrknnyo06251.png?width=1080&format=png&auto=webp&s=fb98b385c0caf7e65c7b3b2bb1edd782ec126905
2)Domestic community
Sweet Orange Club Weekly News
Last Friday, a holiday, the community opened the red envelope rain event, and brought a sincere gift to everyone while relaxing in the holiday. At the same time, it also sent the most sincere blessings to all mothers in the community on Mother’s Day. Thank you for your long-term support and help to the Orange Club community.

Hundred-day scheduled investment event (Phase II)
The fourth week of the second 100-day fixed investment plan held this week has been awarded, and everyone is still very active in this event. This week, the Bitcoin halving market was also opened in advance. The small partners participating in the fixed investment should now have a certain floating win, so we adopt the correct cycle investment strategy to believe that it can bring unexpected benefits to everyone.
Sign in the lottery.
On the evening of May 3rd and May 10th, TCT Fortune Free Academy carried out the 51st and 52nd week sign-in sweepstakes, and rewarded the small TCT partners who had always insisted on signing in. In these two sign-in sweepstakes, the lucky friends received 20–180TCT as a reward. In addition, during the lucky draw, the college friends also actively expressed their opinions on the topic of this year’s bull market.

The Leek Paradise Community Conference will continue as usual every Sunday at 20:00. During the conference, members will discuss recent hot topics, including gifts and blessings for Mother ’s Day, and the halving of Bitcoin everyone is paying attention to. At the end, the friends in the group also showed a rare enthusiasm at the first sight. It seems that the market still affects the mood. The members routinely started a red envelope rain to cheer for the participating partners and encourage everyone to maintain patience and confidence. Of course, at the same time, we are encouraging ourselves to see the community meeting next week. Come on!

TokenClub volunteer community, sign in red envelopes every day, as long as you sign in every day, you can get good benefits, friends join us quickly! In the past two weeks, the community has conducted active partners.
Volunteer community: Change to the currency circle consultation and pass the analysis of Grandma Coin and Panda analysts, support TokenClub in action, and continue to vote for TCT. In the last month, we have worked hard to learn the rain god’s strategy. We have doubled the coins in our hands. The community WeChat group has recently injected fresh students. We look forward to more people joining! Volunteer community, will continue to work hard for TokenClub
TCT has been listed on Binance、Okex、Gate.io、ZB-M、MXC、Biki、Coinex、BigOne、Coinbene、Cybex、SWFT、Loopring、Rootrex etc.
TokenClub website: www.tokenclub.com
Telegram:https://t.me/token\_club
submitted by tokenclubtct to u/tokenclubtct [link] [comments]

Bitcoin whales withdraw 17,000 BTC over a few hours

Bitcoin whales withdraw 17,000 BTC over a few hours

https://preview.redd.it/4bwsujctxxz41.jpg?width=696&format=pjpg&auto=webp&s=480d8fa872acbee6152f4d253f397b18ae2498d0
Large holders of bitcoin in several transactions withdrew 17,320 BTC (about $169.4 million) from several exchanges, the Whale Alert service noticed.
First, 5,000 BTC was sent from Bitfinex to an unknown address. Then 3,058 BTC was transferred from an account on Binance exchange; 2,645 BTC were moved from OKEx in two transactions. A little later, another 3,164 BTC were withdrawn from OKEx, and 1,593 BTC from Coinbase.
The senders and recipients are unknown; all transfers were made during the evening and night of May 19. Twitter users have suggested that whales accumulate coins on the verge of the upcoming Bitcoin price increase.
submitted by bestchange_pr to bestchange [link] [comments]

Over $7 Billion Worth Of Stablecoins Are Now Under Ethereum’s Hat

Over $7 Billion Worth Of Stablecoins Are Now Under Ethereum’s Hat

Is The Stablecoin Market Showing Signs Of True Adoption Of Ethereum-Based Products And Services?
Just two months before the much-anticipated ETH 2.0 network update, data from Ethereum monitoring service USDonEthereum.com shows that over $7,3 billion worth of stablecoins are currently circulating on the Ethereum’s blockchain.
Stablecoin projects are designed to mitigate the volatility issues cryptocurrencies have, by pegging stablecoins to a single or a basket of cryptocurrencies. The most of the value stablecoins have on Ethereum’s blockchain goes to Tether (USDT), as the leader in stablecoins currently has over $5,73 billion worth of USDT tokens operating under Ethereum’s hat.
The second most-influential stablecoin on the Ethereum’s network is USDCoin (USDC), with a total of $726 million worth of tokens. Paxos (PAX) is third with a little over $250 million, while BinanceUSD (BUSD) managed to secure $180 million of the total $7,3 billion stablecoin market share on Ethereum.
Other stablecoin projects include Gemini Dollar (GUSD), MakerDAO’s DAI stablecoin, as well as Huobi USD (HUSD).
Ethereum, however, is still the most dominant altcoin, mostly due to its smart contract capabilities, which made stablecoin projects bloom after the 2018 crypto winter. Meanwhile, in 2019 the Decentralized Finance (DeFi) applications market proliferated and secured over a billion dollars, locked in DeFi apps until February 2020.
The most probable reason for the DeFi blooming is that Ethereum is freed from any fiat interference, as interest and loans are transferred solely on a decentralized ledger, which leads to a boost in the adoption of DeFi apps.
Gaining traction in 2019 and going strong in 2020, stablecoins managed to outperform regular cryptocurrencies. For example, Tether (USDT) jumped over Bitcoin Cash to claim the fourth place in the ranking of the best-performing cryptocurrencies.
And despite crypto prices stabilizing in the past week, Tether has always been targeted as a go-to “gateway” to the world of cryptocurrencies. Statistics show that in January 2019, USDT tokens on Ethereum’s network were worth only $60 million, compared to the entire share of stablecoins, running on Ethereum, which roughly estimated at $835 million.
However, in April 2020, the share of USDT in Ethereum’s stablecoin mix is now $4,4 billion out of the entire ETH stablecoin share of $5.9 billion. In just a month Tether gained $1,3 billion, which correlates with respective trading activities in the crypto sector.

Source: Messari Twitter account
Tether is also constantly minting more and more tokens into circulation, as the demand for USDT increases. Crypto transactions watchdog WhaleAlert published a report, showing a fresh batch of 200 million USDT tokens entered into circulation on May 14. The minting spree also correlates with the 110% year-to-date market growth by the controversial stablecoin.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

r/Bitcoin recap - June 2019

Hi Bitcoiners!
I’m back with the 30th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in May 2019
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

5,500 BTC moved to Binance

5,500 BTC moved to Binance

https://preview.redd.it/eova3wdrd6q41.jpg?width=678&format=pjpg&auto=webp&s=582ca03b896874d6d53a125fbe08f500258a3ca6
An unknown address sent 5,500 BTC (about $33.8 million) to the Binance platform, according to the service Whale Alert. Representatives of the exchange have not yet confirmed that this was their internal transactions, therefore, the crypto community is afraid of new sales.
On March 29 and 30, two more transactions of 1,000 BTC were made to the Binance and Bitfinex platforms. In early March, when the price of bitcoin fell below $4,000, Whale Alert also registered large deposits on exchanges. Twitter users predict that selling so many coins will trigger a new drop in the price of the first cryptocurrency.
submitted by bestchange_pr to bestchange [link] [comments]

Crypto Market Crashes, Stablecoins Reach Record In Trading Volumes

Crypto Market Crashes, Stablecoins Reach Record In Trading Volumes

Crypto Experts Are Considering The Market-Wide Sell-Off As The Primary Cause Of The Market Crash
The crypto market saw yet another wave of downward motion, mostly due to traders selling their Bitcoin stash. Early on March 12, the price per BTC fell 25% to trade as low as $5,959.67. On some exchanges, Bitcoin saw lows of around $5,200, which further reduced investor enthusiasm.
This is the second substantial price dip for the last seven days, wiping off nearly 30% of the total market capitalization. The total market capitalization of the crypto sector dipped with $50 billion, almost leveling it with the 24h trading volumes of around 164 billion, according to data from CoinMarketCap.
Some crypto portals link the sell-off with the spreading of nCoV-19 disease, which caused widespread turbulence amid the traditional finance sector. “Cryptocurrencies, and Bitcoin, in particular, are entering a short-term bearish market, as investors are concerned about Bitcoin not managing to act as a safe-haven asset,” Mathew Dibb, co-founder of Stack commented.
Furthermore, Bloomberg’s Galaxy Crypto index plummeted with almost 30%, pushing out any potential investors.
Technically, the massive price dump is caused by long position liquidation. Bitcoin alone saw $655 million worth of BTC liquidated on only on BitMEX. Crypto analyst Joseph Young rang the bell, citing that this move would further reduce the ground beneath Bitcoin. Also, Whale Alert reported of $10,7 billion worth of Bitcoin were transferred between wallets on Binance, and $11 billion worth of BTC was transferred from a not-yet specified wallet to the Huobi crypto exchange. Such major coin relocation means that crypto whales are moving their saving, which could further be a catalyst for price fluctuations.
Ethereum (ETH), the second-largest cryptocurrency to date, saw a 31% price decline, to trade as low as 134.85 from a price point of $249.98 just a week before. Strangely, trading volumes for Ethereum do not show significant increases, as with Bitcoin, for example. The altcoin leader lost a total of 35% over the course of the past week, resulting in a total gain wipeout from the start of 2020.
The other top-10 cryptocurrencies also record over 25% price decreases. Ripple went beneath $0.20 to trade at $0,156224 as of press time. Bitcoin Cash (BCH) is down 33%, Bitcoin SV (BSV) lost 36% of its price, while ChainLink (LINK) nears a 40% price wipeout.
On the other hand, stablecoins see increased interest among crypto traders. The world’s largest stablecoin, Tether, broke over the $1,00 barrier, trading at $1,03. Trading volumes also increased, reaching $65+billion, which is one of the best scores for Tether in 2020. The main reason for Tether’s volume increase is the fact most of the traders use the stablecoin as a gateway for buying and selling cryptocurrencies.
USD Coin (USDC) also recorded increased interest, reaching over $1,5 billion in daily trading volumes, which is an all-time high for the stablecoin. Paxos Standard (PAX), True USD (TUSD), as well as Binance USD (BUSD) also received a welcoming push, further cementing the role of stablecoins in crypto trading.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

Stablecoin War Intensifies As Huobi Issues $1,3 Million HUSD

Stablecoin War Intensifies As Huobi Issues $1,3 Million HUSD

Stablecoin Issuers Are Battling For Larger Market Share, While Tether Remains Stablecoin Leader
The race between stablecoin projects takes another step towards increasing competition, as crypto exchange Huobi minted a new batch of 1,3 million USD-backed HUSD tokens. Crypto exchanges like Binance and Huobi are also joining the race with their own stablecoin projects – the BinanceUSD (BUSD), and HuobiUSD (HUSD).
Despite a slow start, crypto exchange-issued stablecoins are increasing in popularity, with Binance making several increases of the total supply in circulation for its BUSD projects in 2020 alone. In early February, Binance issued five million BUSD tokens, in cooperation with PAX Treasury. Just a week after the 5 million BUSD issuance, a new batch of 10 million BUSD tokens entered into circulation. However, Binance is no more a lone warrior in the field of exchange-issued stablecoins, as Huobi also makes a turn towards entering the stablecoin war.
Huobi’s HUSD project was аnnounced in late 2018 when the entire crypto sector was in a bearish state. HUSD didn’t get much traction in 2019 and fell off the radar for stablecoin users. However, now Huobi seems to be reviving the project, putting in fresh HUSD tokens into circulation.
Firstly, at the beginning of February, Huobi issued five million HUSD tokens, divided into three batches of around 1,7 million tokens per batch. Crypto watchdog Whale Alert announced the news. Whale alert also noted that another batch of 1,3 million HUSD tokens entered into circulation on February 27th.
Despite Huobi and Binance jumping into the stablecoin race, Tether still dominates stablecoin transactions. Tether records $60-70 billion in daily trading volumes, while the world’s biggest cryptocurrency based on market capitalization, Bitcoin, recorded $10-15 billion less trading volumes.
One of the most vital selling points of Tether is that the stablecoin is primarily used to enter the crypto sector and buy leading cryptocurrencies, such as Bitcoin, later. Crypto experts tied Tether’s behavior directly to Bitcoin’s price, as Tether’s minting process impacts Bitcoin’s market valuation.
The stablecoin war may also be provoked by Facebook’s plans of launching a native to the social media stablecoin, backed by a basket of currencies. The Libra project, however, caused real regulatory havoc. Furthermore, Telegram’s GRAM token would see further delays due to the continuing federal case, accusing Telegram of an illegal securities offering.
Central banks also showed interest in fiat-pegged digital currencies, with China and Sweden making moves toward issuing Central Bank Digital Currencies (CBDCs). China, for example, wants to tie its digital currency to the price of the traditional Renminbi, with plans to digitize China’s economy entirely.
Meanwhile, exchange-issued tokens and stablecoins marked the most significant price increases since the start of 2020. BitMax Token’s (BTMX) price jumped with 34,8%, while Binance Coin (BNB) managed to record a 31,39% price increase. Huobi’s native token – HT, marked a 25% increase.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

Tether mints another 60 million USDT

On March 9, Tether created 60 million tokens on the Ethereum blockchain, according to the Whale Alert portal.
Paolo Ardoino, CTO for Tether and Bitfinex, said it was an “authorized but not issued transaction” to replenish the coin. The stablecoins have already been transferred to the company's exchange wallet, from where they are usually sent to the Binance, Huobi or OKEx trading platforms.
Many analysts see the connection between the release of USDT and Bitcoin price rise. Twitter users compared the creation of new tokens to the policies of global central banks, which mint money to stimulate the economy during financial crises.
submitted by bestchange_pr to bestchange [link] [comments]

Craig Steven Wright is Satoshi Nakamoto

A couple of years ago in the early months of the 2017, I published a piece called Abundance Via Cryptocurrencies (https://www.reddit.com/C\_S\_T/comments/69d12a/abundance\_via\_cryptocurrencies/) in which I kind of foresaw the crypto boom that had bitcoin go from $1k to $21k and the alt-coin economy swell up to have more than 60% of the bitcoin market capitalisation. At the time, I spoke of coming out from “the Pit” of conspiracy research and that I was a bit suss on bitcoin’s inception story. At the time I really didn’t see the scaling solution being put forward as being satisfactory and the progress on bitcoin seemed stifled by the politics of the social consensus on an open source protocol so I was looking into alt coins that I thought could perhaps improve upon the shortcomings of bitcoin. In the thread I made someone recommended to have a look at 4chan’s business and finance board. I did end up taking a look at it just as the bull market started to really surge. I found myself in a sea of anonymous posters who threw out all kinds of info and memes about the hundreds, thousands, tens of thousands of different shitcoins and why they’re all going to have lambos on the moon. I got right in to it, I loved the idea of filtering through all the shitposts and finding the nuggest of truth amongst it all and was deeply immersed in it all as the price of bitcoin surged 20x and alt coins surged 5-10 times against bitcoin themselves. This meant there were many people who chucked in a few grand and bought a stash of alt coins that they thought were gonna be the next big thing and some people ended up with “portfolios” 100-1000x times their initial investment.
To explain what it’s like to be on an anonymous business and finance board populated with incel neets, nazis, capitalist shit posters, autistic geniuses and whoever the hell else was using the board for shilling their coins during a 100x run up is impossible. It’s hilarious, dark, absurd, exciting and ultimately addictive as fuck. You have this app called blockfolio that you check every couple of minutes to see the little green percentages and the neat graphs of your value in dollars or bitcoin over day, week, month or year. Despite my years in the pit researching conspiracy, and my being suss on bitcoin in general I wasn’t anywhere near as distrustful as I should have been of an anonymous business and finance board and although I do genuinely think there are good people out there who are sharing information with one another in good faith and feel very grateful to the anons that have taken their time to write up quality content to educate people they don’t know, I wasn’t really prepared for the level of organisation and sophistication of the efforts groups would go to to deceive in this space.
Over the course of my time in there I watched my portfolio grow to ridiculous numbers relative to what I put in but I could never really bring myself to sell at the top of a pump as I always felt I had done my research on a coin and wanted to hold it for a long time so why would I sell? After some time though I would read about something new or I would find out of dodgy relationships of a coin I had and would want to exit my position and then I would rebalance my portfolio in to a coin I thought was either technologically superior or didn’t have the nefarious connections to people I had come across doing conspiracy research. Because I had been right in to the conspiracy and the decentralisation tropes I guess I always carried a bit of an antiauthoritarian/anarchist bias and despite participating in a ridiculously capitalistic market, was kind of against capitalism and looking to a blockchain protocol to support something along the lines of an open source anarchosyndicalist cryptocommune. I told myself I was investing in the tech and believed in the collective endeavour of the open source project and ultimately had faith some mysterious “they” would develop a protocol that would emancipate us from this debt slavery complex.
As I became more and more aware of how to spot artificial discussion on the chans, I began to seek out further some of the radical projects like vtorrent and skycoin and I guess became a bit carried away from being amidst such ridiculous overt shilling as on the boards so that if you look in my post history you can even see me promoting some of these coins to communities I thought might be sympathetic to their use case. I didn’t see it at the time because I always thought I was holding the coins with the best tech and wanted to ride them up as an investor who believed in them, but this kind of promotion is ultimately just part of a mentality that’s pervasive to the cryptocurrency “community” that insists because it is a decentralised project you have to in a way volunteer to inform people about the coin since the more decentralised ones without premines or DAO structures don’t have marketing budgets, or don’t have marketing teams. In the guise of cultivating a community, groups form together on social media platforms like slack, discord, telegram, twitter and ‘vote’ for different proposals, donate funds to various boards/foundations that are set up to give a “roadmap” for the coins path to greatness and organise marketing efforts on places like reddit, the chans, twitter. That’s for the more grass roots ones at least, there are many that were started as a fork of another coin, or a ICO, airdrop or all these different ways of disseminating a new cryptocurrency or raising funding for promising to develop one. Imagine the operations that can be run by a team that raised millions, hundreds of millions or even billions of dollars on their ICOs, especially if they are working in conjunction with a new niche of cryptocurrency media that’s all nepotistic and incestuous.
About a year and a half ago I published another piece called “Bitcoin is about to be dethroned” (https://www.reddit.com/C\_S\_T/comments/7ewmuu/bitcoin\_is\_about\_to\_be\_dethroned/) where I felt I had come to realise the scaling debate had been corrupted by a company called Blockstream and they had been paying for social media operations in a fashion not to dissimilar to correct the record or such to control the narrative around the scaling debate and then through deceit and manipulation curated an apparent consensus around their narrative and hijacked the bitcoin name and ticker (BTC). I read the post again just before posting this and decided to refer to it to to add some kind of continuity to my story and hopefully save me writing so much out. Looking back on something you wrote is always a bit cringey especially because I can see that although I had made it a premise post, I was acting pretty confident that I was right and my tongue was acidic because of so much combating of shills on /biz/ but despite the fact I was wrong about the timing I stand by much of what I wrote then and want to expand upon it a bit more now.
The fork of the bitcoin protocol in to bitcoin core (BTC) and bitcoin cash (BCH) is the biggest value fork of the many that have occurred. There were a few others that forked off from the core chain that haven’t had any kind of attention put on them, positive or negative and I guess just keep chugging away as their own implementation. The bitcoin cash chain was supposed to be the camp that backed on chain scaling in the debate, but it turned out not everyone was entirely on board with that and some players/hashpower felt it was better to do a layer two type solution themselves although with bigger blocks servicing the second layer. Throughout what was now emerging as a debate within the BCH camp, Craig Wright and Calvin Ayre of Coin Geek said they were going to support massive on chain scaling, do a node implementation that would aim to restore bitcoin back to the 0.1.0 release which had all kinds of functionality included in it that had later been stripped by Core developers over the years and plan to bankrupt the people from Core who changed their mind on agreeing with on-chain scaling. This lead to a fork off the BCH chain in to bitcoin satoshis vision (BSV) and bitcoin cash ABC.

https://bitstagram.bitdb.network/m/raw/cbb50c322a2a89f3c627e1680a3f40d4ad3cee5a3fb153e5d6d001bdf85de404

The premise for this post is that Craig S Wright was Satoshi Nakamoto. It’s an interesting premise because depending upon your frame of reference the premise may either be a fact or to some too outrageous to even believe as a premise. Yesterday it was announced via CoinGeek that Craig Steven Wright has been granted the copyright claim for both the bitcoin white-paper under the pen name Satoshi Nakamoto and the original 0.1.0 bitcoin software (both of which were marked (c) copyright of satoshi nakamoto. The reactions to the news can kind of be classified in to four different reactions. Those who heard it and rejected it, those who heard it but remained undecided, those who heard it and accepted it, and those who already believed he was. Apparently to many the price was unexpected and such a revelation wasn’t exactly priced in to the market with the price immediately pumping nearly 100% upon the news breaking. However, to some others it was a vindication of something they already believed. This is an interesting phenomena to observe. For many years now I have always occupied a somewhat positively contrarian position to the default narrative put forward to things so it’s not entirely surprising that I find myself in a camp that holds the minority opinion. As you can see in the bitcoin dethroned piece I called Craig fake satoshi, but over the last year and bit I investigated the story around Craig and came to my conclusion that I believed him to be at least a major part of a team of people who worked on the protocol I have to admit that through reading his articles, I have kind of been brought full circle to where my contrarian opinion has me becoming somewhat of an advocate for “the system’.
https://coingeek.com/bitcoin-creator-craig-s-wright-satoshi-nakamoto-granted-us-copyright-registrations-for-bitcoin-white-paper-and-code/

When the news dropped, many took to social media to see what everyone was saying about it. On /biz/ a barrage of threads popped up discussing it with many celebrating and many rejecting the significance of such a copyright claim being granted. Immediately in nearly every thread there was a posting of an image of a person from twitter claiming that registering for copyright is an easy process that’s granted automatically unless challenged and so it doesn’t mean anything. This was enough for many to convince them of the insignificance of the revelation because of the comment from a person who claimed to have authority on twitter. Others chimed in to add that in fact there was a review of the copyright registration especially in high profile instances and these reviewers were satisfied with the evidence provided by Craig for the claim. At the moment Craig is being sued by Ira Kleiman for an amount of bitcoin that he believes he is entitled to because of Craig and Ira’s brother Dave working together on bitcoin. He is also engaged in suing a number of people from the cryptocurrency community for libel and defamation after they continued to use their social media/influencer positions to call him a fraud and a liar. He also has a number of patents lodged through his company nChain that are related to blockchain technologies. This has many people up in arms because in their mind Satoshi was part of a cypherpunk movement, wanted anonymity, endorsed what they believed to be an anti state and open source technologies and would use cryptography rather than court to prove his identity and would have no interest in patents.
https://bitstagram.bitdb.network/m/raw/1fce34a7004759f8db16b2ae9678e9c6db434ff2e399f59b5a537f72eff2c1a1
https://imgur.com/a/aANAsL3)

If you listen to Craig with an open mind, what cannot be denied is the man is bloody smart. Whether he is honest or not is up to you to decide, but personally I try to give everyone the benefit of the doubt and then cut them off if i find them to be dishonest. What I haven’t really been able to do with my investigation of craig is cut him off. There have been many moments where I disagree with what he has had to say but I don’t think people having an opinion about something that I believe to be incorrect is the same as being a dishonest person. It’s very important to distinguish the two and if you are unable to do so there is a very real risk of you projecting expectations or ideals upon someone based off your ideas of who they are. Many times if someone is telling the truth but you don’t understand it, instead of acknowledging you don’t understand it, you label them as being stupid or dishonest. I think that has happened to an extreme extent with Craig. Let’s take for example the moment when someone in the slack channel asked Craig if he had had his IQ tested and what it was. Craig replied with 179. The vast majority of people on the internet have heard someone quote their IQ before in an argument or the IQ of others and to hear someone say such a score that is actually 6 standard deviations away from the mean score (so probably something like 1/100 000) immediately makes them reject it on the grounds of probability. Craig admits that he’s not the best with people and having worked with/taught many high functioning people (sometimes on the spectrum perhaps) on complex anatomical and physiological systems I have seen some that also share the same difficulties in relating to people and reconciling their genius and understandings with more average intelligences. Before rejecting his claim outright because we don’t understand much of what he says, it would be prudent to first check is there any evidence that may lend support to his claim of a one in a million intelligence quotient.

Craig has mentioned on a number of occasions that he holds a number of different degrees and certifications in relation to law, cryptography, statistics, mathematics, economics, theology, computer science, information technology/security. I guess that does sound like something someone with an extremely high intelligence could achieve. Now I haven’t validated all of them but from a simple check on Charles Sturt’s alumni portal using his birthday of 23rd of October 1970 we can see that he does in fact have 3 Masters and a PhD from Charles Sturt. Other pictures I have seen from his office at nChain have degrees in frames on the wall and a developer published a video titled Craig Wright is a Genius with 17 degrees where he went and validated at least 8 of them I believe. He is recently publishing his Doctorate of Theology through an on-chain social media page that you have to pay a little bit for access to sections of his thesis. It’s titled the gnarled roots of creation. He has also mentioned on a number of occasions his vast industry experience as both a security contractor and business owner. An archive from his LinkedIn can be seen below as well.

LinkedIn - https://archive.is/Q66Gl
https://youtu.be/nXdkczX5mR0 - Craig Wright is a Genius with 17 Degrees
https://www.yours.org/content/gnarled-roots-of-a-creation-mythos-45e69558fae0 - Gnarled Roots of Creation.
In fact here is an on chain collection of articles and videos relating to Craig called the library of craig - https://www.bitpaste.app/tx/94b361b205196560d1bd09e4e3b3ec7ad6bea478af204cabfe243efd8fc944dd


So there is a guy with 17 degrees, a self professed one in a hundred thousand IQ, who’s worked for Australian Federal Police, ASIO, NSA, NASA, ASX. He’s been in Royal Australian Air Force, operated a number of businesses in Australia, published half a dozen academic papers on networks, cryptography, security, taught machine learning and digital forensics at a number of universities and then another few hundred short articles on medium about his work in these various domains, has filed allegedly 700 patents on blockchain related technology that he is going to release on bitcoin sv, copyrighted the name so that he may prevent other competing protocols from using the brand name, that is telling you he is the guy that invented the technology that he has a whole host of other circumstantial evidence to support that, but people won’t believe that because they saw something that a talking head on twitter posted or that a Core Developer said, or a random document that appears online with a C S Wright signature on it that lists access to an address that is actually related to Roger Ver, that’s enough to write him off as a scam. Even then when he publishes a photo of the paper copy which appears to supersede the scanned one, people still don’t readjust their positions on the matter and resort back to “all he has to do is move the coins or sign a tx”.

https://imgur.com/urJbe10

Yes Craig was on the Cypherpunk mailing list back in the day, but that doesn’t mean that he was or is an anarchist. Or that he shares the same ideas that Code Is Law that many from the crypto community like to espouse. I myself have definitely been someone to parrot the phrase myself before reading lots of Craig’s articles and trying to understand where he is coming from. What I have come to learn from listening and reading the man, is that although I might be fed up with the systems we have in place, they still exist to perform important functions within society and because of that the tools we develop to serve us have to exist within that preexisting legal and social framework in order for them to have any chance at achieving global success in replacing fiat money with the first mathematically provably scarce commodity. He says he designed bitcoin to be an immutable data ledger where everyone is forced to be honest, and economically disincentivised to perform attacks within the network because of the logs kept in a Write Once Read Many (WORM) ledger with hierarchical cryptographic keys. In doing so you eliminate 99% of cyber crime, create transparent DAO type organisations that can be audited and fully compliant with legislature that’s developed by policy that comes from direct democratic voting software. Everyone who wants anonymous coins wants to have them so they can do dishonest things, illegal things, buy drugs, launder money, avoid taxes.

Now this triggers me a fair bit as someone who has bought drugs online, who probably hasn’t paid enough tax, who has done illegal things contemplating what it means to have that kind of an evidence ledger, and contemplate a reality where there are anonymous cryptocurrencies, where massive corporations continue to be able to avoid taxes, or where methamphetamine can be sold by the tonne, or where people can be bought and sold. This is the reality of creating technologies that can enable and empower criminals. I know some criminals and regard them as very good friends, but I know there are some criminals that I do not wish to know at all. I know there are people that do horrific things in the world and I know that something that makes it easier for them is having access to funds or the ability to move money around without being detected. I know arms, drugs and people are some of the biggest markets in the world, I know there is more than $50 trillion dollars siphoned in to off shore tax havens from the value generated as the product of human creativity in the economy and how much human charity is squandered through the NGO apparatus. I could go on and on about the crappy things happening in the world but I can also imagine them getting a lot worse with an anonymous cryptocurrency. Not to say that I don’t think there shouldn’t be an anonymous cryptocurrency. If someone makes one that works, they make one that works. Maybe they get to exist for a little while as a honeypot or if they can operate outside the law successfully longer, but bitcoin itself shouldn’t be one. There should be something a level playing field for honest people to interact with sound money. And if they operate within the law, then they will have more than adequate privacy, just they will leave immutable evidence for every transaction that can be used as evidence to build a case against you committing a crime.

His claim is that all the people that are protesting the loudest about him being Satoshi are all the people that are engaged in dishonest business or that have a vested interest in there not being one singular global ledger but rather a whole myriad of alternative currencies that can be pumped and dumped against one another, have all kinds of financial instruments applied to them like futures and then have these exchanges and custodial services not doing any Know Your Customer (KYC) or Anti Money Laundering (AML) processes. Bitcoin SV was delisted by a number of exchanges recently after Craig launched legal action at some twitter crypto influencetalking heads who had continued to call him a fraud and then didn’t back down when the CEO of one of the biggest crypto exchanges told him to drop the case or he would delist his coin. The trolls of twitter all chimed in in support of those who have now been served with papers for defamation and libel and Craig even put out a bitcoin reward for a DOX on one of the people who had been particularly abusive to him on twitter. A big european exchange then conducted a twitter poll to determine whether or not BSV should be delisted as either (yes, it’s toxic or no) and when a few hundred votes were in favour of delisting it (which can be bought for a couple of bucks/100 votes). Shortly after Craig was delisted, news began to break of a US dollar stable coin called USDT potentially not being fully solvent for it’s apparent 1:1 backing of the token to dollars in the bank. Binance suffered an alleged exchange hack with 7000 BTC “stolen” and the site suspending withdrawals and deposits for a week. Binance holds 800m USDT for their US dollar markets and immediately once the deposits and withdrawals were suspended there was a massive pump for BTC in the USDT markets as people sought to exit their potentially not 1:1 backed token for bitcoin. The CEO of this exchange has the business registered out of Malta, no physical premises, the CEO stays hotel room to hotel room around the world, has all kind of trading competitions and the binance launchpad, uses an unregistered security to collect fees ($450m during the bear market) from the trading of the hundreds of coins that it lists on its exchange and has no regard for AML and KYC laws. Craig said he himself was able to create 100 gmail accounts in a day and create binance accounts with each of those gmail accounts and from the same wallet, deposit and withdraw 1 bitcoin into each of those in one day ($8000 x 100) without facing any restrictions or triggering any alerts or such.
This post could ramble on for ever and ever exposing the complexities of the rabbit hole but I wanted to offer some perspective on what’s been happening in the space. What is being built on the bitcoin SV blockchain is something that I can only partially comprehend but even from my limited understanding of what it is to become, I can see that the entirety of the crypto community is extremely threatened as it renders all the various alt coins and alt coin exchanges obsolete. It makes criminals play by the rules, it removes any power from the developer groups and turns the blockchain and the miners in to economies of scale where the blockchain acts as a serverless database, the miners provide computational resources/storage/RAM and you interact with a virtual machine through a monitor and keyboard plugged in to an ethernet port. It will be like something that takes us from a type 0 to a type 1 civilisation. There are many that like to keep us in the quagmire of corruption and criminality as it lines their pockets. Much much more can be read about the Cartel in crypto in the archive below. Is it possible this cartel has the resources to mount such a successful psychological operation on the cryptocurrency community that they manage to convince everyone that Craig is the bad guy, when he’s the only one calling for regulation, the application of the law, the storage of immutable records onchain to comply with banking secrecy laws, for Global Sound Money?

https://archive.fo/lk1lH#selection-3671.46-3671.55

Please note, where possible, images were uploaded onto the bitcoin sv blockchain through bitstagram paying about 10c a pop. If I wished I could then use an application etch and archive this post to the chain to be immutably stored. If this publishing forum was on chain too it would mean that when I do the archive the images that are in the bitstragram links (but stored in the bitcoin blockchain/database already) could be referenced in the archive by their txid so that they don’t have to be stored again and thus bringing the cost of the archive down to only the html and css.
submitted by whipnil to C_S_T [link] [comments]

Ethereum Whale Sell Off - Bitcoin Price At $13,700 ... Bizarre Bitcoin Price Action Alert Amid ‘Black Swan Event’  BTC Futures and Options Volume Surging How To Setup Crypto Price Alerts For Beginners! BITCOIN 9800$ ALERTE EN VUE !? btc analyse technique crypto monnaie How I Made +40% PROFIT Trading Bitcoin In 1 DAY ... Crypto Market Drop, Constantinople This Week, Litecoin Upgrade & Binance Price Alerts #BINANCE ALERTS PARA TRADING EN CRIPTOMONEDAS DESDE TU ... BTC USD $5742 🔥Free #Bitcoin Price Prediction  Binance ... [STEP-BY-STEP GUIDE] SETTING PRICE ALERT ON BINANCE ...

Coinwink is a cryptocurrency price alerts, watchlist and portfolio tracking app for Bitcoin, Ethereum, XRP, and other 2500+ crypto coins and tokens. Coinwink monitors cryptocurrency prices 24/7 and alerts you by e-mail or SMS when your defined conditions are met. Over $10 million USD, approximately 1,154 Bitcoin (BTC), has been transferred from Binance crypto exchange to Singapore based Huobi exchange. While a number of conclusions can be reached on the move announced by Whale Alert on Wednesday, January 15, 2020, one remains quite significant; which altcoins are traded on Huobi and not Binance. Binance Launches Ringtone Price Alerts. Binance, one of the world’s largest cryptocurrency exchanges by volume, just launched a new tool for price alerts. Available on the Binance Windows desktop client, it’s designed to help crypto traders stay on top of the market. ⏰A price alert sound function is now available on the #Binance Windows Desktop client.⏰ Downloads of our Windows Desktop ... Set BINANCE Price Alert and get live Price movements to your inbox. Price. Coins; ICOS; Price Alerts; Blog; login; Menu. Binance BNB 4.96 % (24hr) $ 20.9046315724 ... Embedded Price Alert; Bounty Offers. Coindera. Coindera lets you create all types of alerts: volume, price, regular and even moving averages such as the EMA & SMA so you can spot trends. There are 2 plans: Free and Pro. With the Free option you will have only 5 Active Alerts, while with the Pro option you will get unlimited notifications for $5 a month. The moving averages and other more ... Price Alert Get notified when a coin goes above or below a price target. Send me a n. as soon as. goes. the price of . on. The price of ### is currently #### / ####. Set Alert Cancel Edit. You have # active price alerts. Details; Options; We currently monitor #### cryptocurrencies for real-time customizable price alerts. Choose from many ways to receive alerts, such as our Telegram, Discord or ... bitcoin price alert app, bitcoin price alert 2020, how do i set a bitcoin price alert, crypto price alerts, how to setup crypto price alerts. Alerts Notification Options. Supported Exchanges. 30 exchanges already and counting... Latest Blockchain News . Band Protocol. Kyber Network; Latest Blockchain and Cryptocurrency News from 24 Septmber 2020 ; Latest Blockchain and Cryptocurrency News from ... Bitcoin Crashing $1500 In 48-Hours: $40 Billion Evaporated From The Total Market Cap: Sep-03: Binance Launches New Blockchain and Attracts DeFi Users: Sep-02: Binance Coin, Ethereum Classic, VeChain Price Analysis: 2 September: Sep-02: Taking a Break? Crypto Market Cap Lost $7B In Hours, as Bitcoin Rejected At $12,000: Sep-02 Bitcoin BTC & Crypto Price Alerts App. Price Percent Periodic MarketCap. Price Alert Get notified when a coin goes above or below a price target. Send me a n. as soon as. goes. the price of . on. The price of ### is currently #### / ####. Set Alert Cancel Edit. You have # active price alerts. Details; Options; We currently monitor #### cryptocurrencies for real-time customizable price alerts ... Large Price. Market Cap. News. Contact. Convert to and from bitcoin, dollar, euro, pound sterling using the latest rates BTC: USD: EUR: CNY: GBP: Percentage Calculator What is % of. LIVE MARKET. Currency Exchange Pair Price % Change (24h) High (24h) Low (24h) 3d Price 7d Price 30d Price Alert [Binance Coin] [Binance Coin] [Binance Coin] [Binance Coin] [Binance Coin] [Binance Coin] [Binance ...

[index] [21318] [21482] [3029] [16281] [22024] [5039] [13116] [16992] [11108] [1147]

Ethereum Whale Sell Off - Bitcoin Price At $13,700 ...

Join Binance Here: https://www.binance.com/en/futures/ref/41297141 👉-10% Discount Code For Binance Futures Referral is → 41297141 👉GET My Technical Analysi... Por fin!!! Llegaron las alertas para Binance en nuestro móvil. Binance alerts nos permite utilizar esta funcionalidad para colocar avisos sonoros en diferent... video showing how to track trade(s) or set alert(s) on any price of your choice on binance. the alert comes in form of a notification & your phone has to be ... May 6 2019 - Basic Attention Token BAT has been one of the best performing and top altcoins of 2019. Today we review if this trend will continue and if the r... Trade on Binance - Duration: 9:35. James Skuggedal - The Path of Mastery 7,234 views. 9:35. Here’s Why BITCOIN WILL Follow OIL After MAJOR SELL-OFF 😵 - US Immigration Ban - Stocks Topped ... In todays video we discuss the bitcoin and ethereum price movements. We also go over a whale who has sold 4000 ETH on binance. Last but not least we go over ... As the Bitcoin price plummets below $8,000, Adaptive Capital digital asset strategist Willy Woo is recanting his earlier BTC bull run forecast. Last month, the crypto analyst and influencer ... Nous voyons en détail chaque support, résistance, et figure envisageable durant ce fameux dump ou pump BITCOIN ! Pour faire un don en EURO ou en BITCOIN : https://crypto-monnaie-analyse-fr.mys... Support Me On Patreon! https://www.patreon.com/TheModernInvestor ----- Protect And Sto...

https://binbotpro-review.dailyforex.club