The Bitcoin Boom The New Yorker

Summary review of the LUCRE ICO - by CRYPTO BOOM https://www.youtube.com/watch?v=JiqICaGIxbQ … https://www.lucretoken.com #LUCRE #LCR #ICO #TokenSale #Review #Autotrading #BTCUSD #bitcoin

Summary review of the LUCRE ICO - by CRYPTO BOOM https://www.youtube.com/watch?v=JiqICaGIxbQ … https://www.lucretoken.com #LUCRE #LCR #ICO #TokenSale #Review #Autotrading #BTCUSD #bitcoin submitted by baoanhq9 to CryptoCurrencyTrading [link] [comments]

Ethereum 2.0: is another delay looming?

The team around Vitalik is working 24/7 on Ethereum 2.0, an important upgrade that will decisively advance the Ethereum blockchain. The pressure on the Ethereum developers is increasing after the blockchain had reached the limits of its resilience in the past few weeks due to the Defi boom.
The fee situation improved somewhat in October, right now the average transaction fees on Ethereum (ETH) are around 2 US dollars (image above), but the cumulative transaction fees that users have paid to Ethereum miners in 2020 so far, reached more than $ 350 million, more than twice as much as Bitcoin miners made in 2020 (approx. $ 155 million).
As you can see from the graphic above, the Ethereum miners really got it off this year, but the
Spadina-Testnet leaves a lot of open questions
Actually, the dress rehearsal of Ethereum 2.0 was supposed to start with the Spadina-Testnet and prove that the improved blockchain is already ready for use on the main-net. But Ethereum 2.0 coordinator Danny Ryan then had to admit several problems (peering etc.), which ultimately led to a failure by Spadina.
In the meantime, the errors have been corrected and next Monday, October 12th, a second attempt with the Zinken Testnet is to start. If this second test then goes well for the developers, Ethereum 2.0 Phase 0 could come to the main-net in November.
However, if errors also occur in the Zinken test-net, there is a risk of a renewed delay in Ethereum 2.0, which should actually come to the main-net in July.
Ethereum 2.0 with 100,000 TX / s in phase 1
So far, Ethereum (ETH) could only handle around 15 transactions per second (TX/s) on the base layer, but even with the switch to Ethereum 2.0 Phase 0, the blockchain on the base layer will not scale particularly and that for years, admits Ethereum co-founder Vitalik Buterin. This scaling will only come with the final phase of Ethereum 2.0, which is still years away, according to Buterin.
Therefore, Ethereum 2.0 will initially focus on rollups, plasma, and state channels. In addition, there are a number of Layer 2 solutions that are about to be introduced (Optimism, Fuel, Arbitrum, and OMG Network). Other solutions are already activated on the main-net. These include Loopring, ZKsync, and DeversiFi.
Vitalik Buterin, therefore, hopes that as many developers and users as possible will switch to rollups. This would raise the throughput to around 3,000 transactions per second (TX/s). In phase 1 with sharding, up to 100,000 Tx/s should then be possible later.
Summary
Anyone who hoped that Ethereum 2.0 would solve all scaling problems immediately should be disappointed. Ethereum 2.0 is an important step forward (PoS-Proof of Stake Consensus), but the Ethereum team will initially rely on 2-layer solutions such as rollups in order to scale.
Rollups have the advantage that the state of the blockchain is recorded off-chain. In addition, nodes (miners) and users only have to provide data in an orderly manner, but do NOT process any transactions. In principle, rollups separate data availability from data processing.
It would be important for the further scaling of Ethereum (ETH) if Layer 2 protocols are also integrated into wallets such as MetaMask. The bottom line is that investors shouldn’t expect too much from Ethereum Phase 0. It will probably take a little longer for Ethereum to scale properly.
TA (Technical analysis):
Ethereum (ETH) has stabilized at the $ 330 level for the time being and is moving towards the 50-day line that runs at $ 370. The trend-following indicator signals a further upward movement, but the consolidation, which began at the beginning of September, is not yet over.
This means:
In order for there to be further upside potential, Ethereum (ETH) would have to break the 50-day line and close above the $ 400 mark on a weekly basis.
Good luck with your financial decisions & have a good weekend
source:medium (metered paywall)
submitted by OnlyReveal6 to ethereum [link] [comments]

Eth at $500 by the end of the year?

source: ETH price prediction (medium paywall)
Ethereum price prediction 2020 Update 24.10.2020:
Eth at $500 by the end of the year?
Hello everyone, welcome to another update of my Ethereum price prediction 2020, the price of Ethereum (ETH) has recently passed the mark of 400 US dollars in the slipstream of Bitcoin (BTC). The start of Ethereum 2.0 Phase 0 is getting closer.
Although Bitcoin (BTC) recently made the jump above the $ 13,000 mark, Ethereum (ETH) has performed significantly better than Bitcoin this year. While Bitcoin has grown by more than 80% since the beginning of the year, Ethereum investors can look forward to a price increase of around 220%.
Although the daily transactions on the Ethereum Blockchain remain almost at a record level (1.2 million transactions per day), the average transaction costs have recently fallen slightly below the mark of $2.
This is still relatively high compared to the beginning of the year (transaction fees approx. 5 cents), but way better than in September. About 1 month ago, Ethereum users had to pay an average of over $10 for a transaction due to the Defi boom.
Many crypto experts pointed out the hype surrounding decentralized financial services (Defi) as the cause of the drastic increase in transaction fees.
Decentralized applications such as Uniswap (UNI), Compound (COMP), YearnFinance (YFI), CurveFinance (CRV), and Balancer (BAL) faced tough competition to accommodate transactions in blocks so that these transactions are processed relatively quickly — the result is that the network fees are exploding.
The utilization of the Ethereum Blockchain is still over 97%, with Uniswap still using the largest capacities. Nevertheless, the trading volume on Uniswap (UNI) has temporarily fallen below $200 million a day in the last few weeks, after almost $1 billion a day at the beginning of September. This should have contributed to at least a partial relief of the network.
The scaling problems are not yet solved. The Ethereum developers hope, however, with Ethereum 2.0 phase 0 and with the help of 2-layer solutions such as rollups, to get the problems under control in the next few months.
Investors reward this with rising prices.
Ethereum price prediction 2020 Summary At the moment, the chances are still good that Eth 2.0 Phase 0 can start in late November or December.
The start of Eth 2.0 does not solve all of Ethereum’s (ETH) scaling problems, but it lays the foundation for further scaling in 2021. From a market-technical point of view, things are now looking very good for Ethereum.
After a brief consolidation above the 50-day line in mid-October, Ethereum (ETH) continued its upward trend. The trend-following indicator MACD indicates further rising prices in the next few days, while the Relative Strength Index (RSI) is slowly but surely moving into the overbought area.
In the short term, Ether can run to $450 in the next few days, then the risk of a correction increases. However, In my opinion, the price of Ethereum could be by the end of the year, at $500 and more may well be possible if the start of Ethereum 2.0 succeeds on time and smoothly.
source: ETH price prediction (medium paywall)
I think ETH could reach even more by the end of the year, what do you guys think new ATH incoming?
submitted by OnlyReveal6 to ethtrader [link] [comments]

$SPCB SuperCom main roundup

$SPCB SuperCom Ltd.
(Global Leader in Digital Solutions For COVID-19)

SuperCom mobilizes resources and teams in attempts to support URGENT requests from governments to help restrict spread of the (COVID-19).

Website: https://www.supercom.com/
Investor Presentation: (April 2020) https://10ef9e22-6465-4bd7-81b7-f9633d85dc0a.filesusr.com/ugd/78f816_d8b3af45b72241ed90228f2f29301ca9.pdf
Background: Global secure solutions integrator and technology provider for governments and other consumers facing organizations around the world. Over 26 years of experience and a track record of successful end-to-end deployments in over 30 countries and 5 continents.
119 patents issued
1000+ customers in 30 countries
115 employees
Stock Structure:
10.91 Million Shares Float
16.29 Million Shares Outstanding
28.14% Insider Ownership
3.33% Institutional Ownership
52W Range 0.25-3.09
Products:
1) VeloPOS- is the only OPEN universal platform player, covering entire payments ecosystems- We deliver our technology across iOS, Android and Windows operating systems integrated with the worlds’ leading Point of Sale application providers (referred to as ISV’s)
2) MIV1- MIV1 is a mobile ID verification solution designed by SuperCom experts to directly address the needs of SuperCom customers. MIV1 provides the fastest and most reliable verification method for person identification using live fingerprint, face and ID card verification.
3) PureSecurity™ - Pure plus Services, SuperCom's solutions are built on decades of experience implementing RFID solutions and large-scale government projects. The EM platform allows for easy, gradual and flexible implementation, meeting the challenges of any agency or private operator.
4)PureLock- SuperCom offers a complete tracking and monitoring solution for cargo containers via a secure and reliable locking mechanism. The PureLock system monitors all activity and provides real-time alerts when the lock has been breached.
5) PureCare (Covid Related)- SuperCom's PureCare is a state-of-the-art solution for quarantine and isolation monitoring to aid government efforts in containing and limiting the reach of infectious diseases. It works within existing healthcare containment models for control and surveillance of patients.
Current Industries:
NEW YORK, July 15, 2020 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, announces the closing of the PRIVATE placement financing previously announced on July 8, 2020 raising gross proceeds of $3.2 million.
TEL AVIV, Israel, March 19, 2020 /PRNewswire/ -- SuperCom Ltd. (NASDAQ: SPCB), a global provider of Multi-Identity, IoT, Connectivity, and Cyber Security solutions for the global Public and Private Sectors, today announced that its CEO, Mr. Arie Trabelsi, has notified the Company that he has increased his purchase program to purchase up to 6 Million of the company's ordinary shares on the open market.
"I believe the SPCB current stock price levels do not reflect the high intrinsic value of the company. This program provides me the ability to opportunistically acquire SuperCom shares and underscores my ongoing belief in the Company," commented Mr. Arie Trabelsi, President and CEO of SuperCom.
TEL AVIV, Israel, June 4, 2020 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-government, public safety, healthcare, and finance sectors, announced today it was awarded a new 5-year contract with the national government of Latvia to deploy its enhanced PureSecurity Electronic Monitoring (EM) Suite, including both RF House Arrest and GPS tracking.
NEW YORK, April 27, 2020 /PRNewswire/ -- SuperCom Ltd. (NASDAQ: SPCB) ("SuperCom"), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors, announced today that it has begun electronic monitoring of prisoners released from a United States of America correctional facility due to COVID-19. This facility and various others in the U.S. have requested assistance in managing prisoner releases as part of their COVID-19 mitigation strategy. LCA, a SuperCom subsidiary, will provide full case management and electronic monitoring services for these releases during the release period.
SuperCom mobilizes resources and teams in attempts to support URGENT requests from governments to help restrict spread of the Coronavirus (COVID-19)
NEW YORK, March 30, 2020 /PRNewswire/ -- SuperCom (NASDAQ: SPCB) Announced today that it has shipped equipment designated for an urgent Pilot of its Coronavirus (COVID-19) citizen quarantine compliance technology. The equipment is comprised of products in SuperCom's PureHealth technology suite to include the PureCare smartphone and PureTag ankle bracelet. In addition, the suite offers a web-based SAAS command and control center to monitor and manage quarantine compliance. The pilot will run in two operational modes: smartphone only for low-risk cases on a larger scale, and smartphone with ankle-bracelet for more sensitive cases.
Financials: Next financial report for 14 August 2020 (Estimated)
Catalysts:
NEW YORK, March 12, 2020 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors announced today that it plans to leverage its proven, robust and scalable people tracking technology to aid in fighting the spread of the the coronavirus (COVID-19). Supercom is offering a new solution for quarantine and isolation monitoring to assist governments as they strive to contain and limit the reach of infectious diseases such as the coronavirus. This solution, PureHealth, leverages the company's proprietary PureSecurity technology, which has been successfully deployed for tracking and monitoring of thousands of people with mandatory location restrictions across the world in countries such as the USA, Canada, Sweden, Denmark, Czech Republic, Bulgaria, Estonia, China, Latvia, and more.
Risk:
Sources:
Summary: SuperCom is a global company at the forefront of technological advances in regards to Covid and voting for elections. SuperCom deals its products across the world in countries such as the USA, Canada, Sweden, Denmark, Czech Republic, Bulgaria, Estonia, China, Latvia, and more. What is eye opening about this opportunity is the recent government contracts (2), and its new project with a California Central Valley county to provide employment and anger management services, valued at up to $3.8 million. The project delivers services to adults with a focus on workforce services, employment readiness, and anger management to reduce recidivism. Keep in mind this company also has a tie in with elections, and an earnings report coming up that should include all the recent government contracts. The cybersecurity element is huge in an environment where it’s needed more now than ever. With a combination of good PR, a low market cap and excellent contracts in an environment where it will succeed most, this ticker is highly recommended before earnings. They also have a payment system which is set up for bitcoin transactions, something to look into with a bitcoin boom going on.
submitted by Waaaaaaat9382929291 to pennystocks [link] [comments]

Some friendly tips for those players who are feeling "done" with the game...

The game is fun but challenging; it's not supposed to be easy money! However, after reading quite a few posts from players who felt defeated and "done" with the game because they couldn't keep up with the cost of playing, I thought it might be good to highlight some tips/tricks that everyone might find helpful.
  1. First, and probably most important of these suggestions--do NOT depend solely on the Flea Market for making money. Not everything is going to get you top-dollar returns if you post on the FM, in fact many items sell for as much (if not more!) to the Traders. This has two benefits: one, you can keep these items in your Secure Container to sell regardless of whether you survive the raid; and two, you can level up the traders. Before you post anything, check to see what the Traders would give you for that item, and maybe you can save the posting fee!
  2. Don't neglect your Scav runs, and when you do them, it doesn't always have to be on Interchange or Reserve. You can make 200-300k Rubles for a modest run on pretty much any map. You don't HAVE to find a GPU or rare key for the run to be lucrative. Some maps will have more competition from fellow Scav players (like Customs, Interchange and Reserve), so try running Shoreline or Woods instead. The loot is spread out enough so you can gather items in relative peace, and there are plenty of NPC Scavs (dead and alive) for you to farm gear. Another tip: you can extract on Scav right away and still get Survived status. I have done this when I spawn in with a rare key or item I need for a quest. Don't be ashamed of leaving early if it means making some well-needed cash.
  3. Play smart. I don't mean this in a condescending way, I just mean that making a logical, safe choice is almost always better than making a ballsy play to save time, especially if you already have loot you don't want to lose. Some examples:   ** Suppress your weapon whenever possible. If you fire a loud gun, you are giving free information to everyone within earshot about your location and gun type. If veteran players hear the same gun again in the same area 15 minutes later (if you're playing really slowly), they might assume with reasonable accuracy that you haven't moved through the map, and will expect you to do so soon. If you can't afford suppression (and I get it--at the beginning, it's expensive to do this for every run) then play a bit faster, move away from your kill sites before other players have the chance to corner you. Practice looting faster on your Scav runs, and learn the hotkeys for quick collection and equip (CTRL and ALT respectively).   ** Use the above information to your advantage. Scavs are rarely suppressed, so if they aren't shooting at you, they are shooting at someone else. Treat this as an alarm system and it will help you make more informed decisions about your movement patterns. It might also let you get the jump on other players who just finished an engagement with Scavs and might be hurt or low on ammo. Comtacs will help immensely in this regard.   ** Don't always rush for a high-value loot location. If you spawn as far away as possible from the Health Resort on Shoreline, don't try to rush in and hope that no one opened E222/226. The odds are against you, so instead try to make some cash by hunting players, or looting less-lucrative spots and running it back again afterwards.   ** Don't make ballsy plays just because you think that if you don't, you're a coward. If you aren't comfortable playing aggressive, then doing so might be more risk than it's worth. Your nerves could impact your performance in a high-stress gun fight, so there's no shame in making the choice to walk away. That being said, try to encourage yourself to take more risks over time, work your way up to being able to hold your own in a fight. There's this toxic mentality that if you don't play like John Wick all the time, balls-to-the-wall 24/7, then you're a pussy. Watch any streamer and viewers will complain in chat if they walk away from a risky situation to prevent losing the loot they have already collected. Don't think like that, trust in your own judgement.
  4. Upgrade your hideout and use the crafting systems to make money. Lots of items in the Lavatory, Workbench, Medstation and Nutrition Unit are worth good money--both on the FM and with the Traders. Do some research and you will see that an item that sells for 300k+ might only require materials valued at 150k. Crafting items like that on cooldown is a good way to make virtually free money. You don't need the Bitcoin Farm, Scav Case and Intelligence Center to make good, consistent Rubles. Also, for quests that require items with Found in Raid status--many can be crafted in the Hideout using materials you can buy on the Flea Market, and they will be FiR when complete. If you're having trouble finding GPUs, for example, then hold on to that quest until you have Intelligence Center LV2, and buy the materials to craft them! This way, you can play the game normally, and if you come across one or more in that time, that's just gravy on top!
  5. Sell everything you don't need and keep track of your barter items so you don't keep anything beyond what is necessary for quests and Hideout construction down the line. Invest in a Scav Junkbox early if you are short on space. Keep a few pieces of armouhelmets/comtacs in your stash so you don't need to spend money on them as often. Save and dismantle guns you might want to use later so they take up less space, especially if you're on a Standard Account. In almost 1000 hours this wipe, I have only bought MP-153 shotguns (damn you, Setup quest!)--everything else was found on Scavs or other players, and then I just modified the guns to my need. This ties in directly with #6...
  6. Don't buy what you can find easily. Some of the Gunsmith quests require guns/modifications that you can barter for using common items that you can find in Toolboxes, Duffel Bags and Filing Cabinets. That brings me to another example: the SVD Marksman Rifle. You will need them for the last Punisher quest in the mid- to late-game, but they are easy to find and can save you thousands.   ** SVDs can be found consistently on Woods--Shturman and his guards will almost always have two or more between them loaded with 7N1 or SNB ammunition. To get an idea of their attack patterns and spawn locations, try Scav'ing to see if they are up; you might get lucky and can pick up scrap loot that other players have left behind. Also on Woods: the Sniper Scav near "Pride Rock" usually has an SVD, Mosin or modified SKS, and he's up every round. I was able to collect 9 SVDs from my time doing the beginner Woods quests long before the Punisher series, so take advantage of your time on the map when doing other tasks! Even if you can't find SVDs, if you find items worth 80k rubles, then BOOM! you have essentially found an SVD.
  7. If you're a Standard Account player, DO NOT waste time/money/items on the Beta Secure Container barter with Peacekeeper LL2. Try to hold out for the Epsilon Container, which is a reward for The Punisher - Part 6 (requires the SVD, see #6 above).
  8. Finally, don't be afraid to fail. Dying is part of the game, so take each death as a learning experience. Granted, some deaths are annoying and unavoidable, especially in a Beta. Take a break and Scav for a while, come back to PMC when you have given yourself time to breathe. Each player has different strengths and weaknesses, don't try to fit a mold set by other players in the community. Just enjoy your time in Tarkov and you might find that you're progressing far more than you expected!
I hope those who have read this far will find value in these "tips". For a quick TL;DR summary:
submitted by jrblackyear to EscapefromTarkov [link] [comments]

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submitted by freespinsgaming to u/freespinsgaming [link] [comments]

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submitted by freespinsgaming to u/freespinsgaming [link] [comments]

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submitted by freespinsgaming to u/freespinsgaming [link] [comments]

The Next Pandemic Will Be Caused by the National Debt. It Will Crater the Economy.

This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)
While it's true that the cost of paying interest on the debt is still dwarfed by other expenditures, that's because historically low interest rates have made government borrowing cheap.
These estimates don't take into account emergency spending for COVID-19, which will make servicing the debt even more costly over time.
There's also the specter of investors here and abroad refusing to buy U.S.-issued debt as our economy flattens, China flexes its economic and political might, and alternative instruments such as bitcoin and gold offer safe refuge.
Starting in the 1970s, with the exception of a five-year dip during the economic boom of the 1990s, the federal government has been growing the size of the debt in relation to GDP. Instead of a foreign enemy, our out-of-control spending has been driven by the persistent rise in the cost of entitlements like Medicare and Social Security.
Even as total tax revenues increase, we keep spending more and more, adding to a national debt that costs more to service even as it reduces economic growth.
Despite seemingly just showing up in America without notice, the coronavirus pandemic and all that has happened over the past two months didn't exactly "Just come out of nowhere." When the debt crisis materializes and our options are severely limited because of decades of profligate spending, politicians sitting in the Oval Office and Congress will claim that it all just came out of nowhere, like that crazy virus back in 2020.
Summary Source | FAQ | Feedback | Top keywords: debt#1 spending#2 time#3 government#4 over#5
Post found in /Libertarian, /Economics, /Conservative and /TheBlogFeed.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

On Netscape Moments and the Journey to Hawaii

Disclaimer: I'm an online rando, not a licensed financial advisor. DYODD. This is an update to a post from six months ago.
The mood feels frothier than it's been for some time.
Our community has been buoyed by a maelstrom of DeFi activity, progress on Ethereum's economic policies, a path to 2.0 which seems less meandering than ever before and, let's not be shy about this, a few weeks of solidly green cucumbers.
It's lovely, overdue & well-deserved.
Between the memes & generally festive dailies, I like to hit pause, zoom out and offer some reflections on where un-permissioned blockchain--and Ethereum, as the most successful to date implementation thereof--is.
The web took a long time to grow up.
1980 through 1990: Invention, experimentation & backbone. MUDs & BBSs dominated. In 1990, a version of HTML that can be approximately called "usable" becomes available.
1990 through 1994: Early adoption, basic protocols & functionality. The first real web browser, Mosaic, launches. Significant web presence from universities, research institutions and large media entities or businesses. "Online for dummies" portals like AOL, Compuserve & Prodigy become common-place. Bryant Gumbel's infamous "What is Internet, anyway" moment turns out to be a seminal point of inflection for popular perception of web use & the utility of being online.
1994 through 1998: Consolidation, increased adoption, commercialization, disruption. Home & workplace use, ISPs & online purchases all show exponential growth. People joke around water coolers about using AOL trial CDs as coasters. Netscape makes web browsing more intuitive & integrates protocols (http, ftp, gopher, usenet, smtp/pop) into a single program, removing most of the friction involved in casual daily use. "You've got mail" segues from niche nerd activity into pop culture phenom. Edge technologies like peer-to-peer sharing become existential threats to decade-old business models, with significant legal and political implications. Online presence becomes mandatory for most businesses. Future giants like Google, Amazon & Ebay/PayPal explore & expand new ways of monetizing online space.
1998 through 2003: Commoditization, dot.com boom & bust cycle. Large proliferation of risky or poorly thought-out ventures, violent subsequent contraction. Pets.com happens a thousand times over. Teens begin to tune into proto-social media: Friendster, Hotornot, ICQ/Aim, Myspace, Xanga. Popular culture becomes permeated by all things Internet, with signs of exhaustion due to overexposure. Through peaks & valleys, Fortune 100 players, old & new, scramble to firm up their respective beach-heads into cyberspace, praise be upon our once & future prophet, William Gibson.
2003 through 2007: Ubiquity. Internet is now an inextricable part of the desktop experience. Venture capital is in a perpetual arms race to fund "Web 2.0," a more accessible, secure & well-integrated way of experiencing online activity. Network advantages displace also-rans, with Google, Amazon and Facebook increasingly dominating "mind-share." Internationally, online conglomerates graduate into billion-dollar businesses. New business models crop up online. YouTube, 4chan, SomethingAwful, DeviantArt, Tumblr are now foundational growing up experiences for millions of teens.
2007 through present: Ubiquity, cubed. Internet becomes hyper-accessible & necessary to key aspects of contemporary life. Law, medicine, finance and governance become dependent, to a large degree, on online activity. With smart phones available for price points below $30, a significant majority of human beings on the planet can interact with the most powerful & immediate way of accessing information we've ever built on a mass scale. Content consumption and creation explodes. Instant messaging, video-conferencing, geo-location sevices & flexible payment models become trivial aspects of every-day life.
That's three decades for the Internet & its main interface, the web, to reach maturity.
Blockchain was initially parameterized in 1991.
Bitcoin began in 2008.
Ethereum was proposed in 2013.
If we compare blockchain in general & Ethereum in particular to the development and eventual domination of the Internet, we're barely making headway through the second phase: early adoption, basic protocols & functionality.
My first point:
It's early on in the journey.
In some ways, blockchain & Ethereum are like the Internet, in that they represent transformative technologies.
In some ways, blockchain & Ethereum are unlike the Internet.
Thin protocols like http, ftp, email, etc, move data around. Value is captured by entities which acquire data and transact it: Google, Amazon, Ebay, Microsoft, Facebook, Twitter.
Fat protocols like blockchains both move data around AND store it. Value is captured in the protocol itself.
My second point:
Based on objective data such as network use and development activity, Ethereum is the clear front-runner when it comes to public, un-permissioned blockchains.
We remain in the "overestimating early adoption/change" phase of blockchain & cyrpto-currency. Multiple projects in the top 25 by marketcap metric are of dubious technical & financial value. Some exchanges engage in market-distorting practices. Fraudulent "personalities" in the space still command significant attention. There's material risk to involvement in the early stages of any venture, blockchain & Ethereum included.
But: The flip to "overestimating early adoption/change" is "underestimating long term adoption/change."
And here is where I'd like to draw attention to the title of this post:
Netscape moments.
  • On the browser side, Brave has removed most of the complexity in privacy and blockchain-based, fairly distributed incentives. The growth is astounding & shows no sign of relenting. When Bill Burr does ad reads, it's safe to say that we're no longer looking at an obscure or arcane product.
  • On the wallet side, Argent has abstracted, as ethical-trade well put it,"most of the complexity that currently slows down onboarding on Ethereum and defi." Early response seems to have been overwhelming.
Netscape represented a dramatic turning point in Internet & web growth precisely because it consolidated and simplified a large number of complex and powerful technologies.
My third point:
We could be witnessing a number of similar flash-points which will be in retrospect acknowledged as fundamental pivots to parabolic growth--and they're happening on Ethereum.
A summary:
  • It's early on in the journey.
  • Based on objective data such as network use and development activity, Ethereum is the run-away front-runner when it comes to public, un-permissioned blockchains.
  • We seem to be witnessing parabolic growth "Netscape moments," and they're happening on Ethereum.
If 2020 is to crypto what 1994 was to the Internet, we can barely imagine the degree to which the world will run on blockchain in 2030.
If you're reading this, you're part of the 0.001% smart or lucky enough to understand what future is being built on, the same way that my father knew how the Internet will shape these last three decades.
You have a one-in-a-lifetime opportunity. Things like the BTC/ETH ratio & 35% fiat valuation drops or rises represent trivial noise in a broader landscape defined by tectonic realignments in technology, finance and politics.
I have a single question on those who have read this far:
On what kind of a time scale are you a bull on, and what are you doing about it?
I know what my answer is.
I wish all of you, /ethfinance brothers & sisters, good fortune and good health through the promise of these beautiful days to come.
submitted by thrw2534122019 to ethfinance [link] [comments]

ILPT: In depth guide on how you can make a lot of money anonymously (Bitcoin)

So you've all heard of the old e-whoring and DNA scams by now, but people and corporations are already starting to crack down on them. So what do you do when these techniques become obsolete? Today I present to you: Cryptoconning! (As in cryptocurrency and con). So what is cryptoconning you may ask? Well it's a quick way to make a lot of bitcoins without them being traced back to you. I have only seen this technique used once and it *almost* got me, and I usually have a good eye for scams and the like. Cryptoconning is very easy to set up, even more so than e-whoring, as it requires no external downloads apart from a social media app/IM and a cryptowallet, although most people already have these anyway (and if you don't have a wallet set up you probably shouldn't be doing this scam anyway lol).
Alright so let me explain the general idea of this scam. It relies on some small mind tricks. You know how online games always have some kind of in game currency, or a premium currency? Well the reason they work so well is because it breaks the association between money-product and adds a barrier between them (money-currency-product). Would you rather spend 5 dollars on a cosmetic item for your character, or spend 6 dollars on 600 gems, then spend 500 of them on the item and have 100 left over to spend on other purchases. Pretty self-explanatory.
So now that we have the basis of the scam out of the way, let me show you how this is gonna work. You're going to offer someone 0.06 btc if they pay you 0.006 btc. Yeah, that's it. Well sort of, let me explain further. For those of you aren't into cryptocurrency, 0.006 btc is roughly 40 dollars as of right now, and 0.06 is 400. Now you are probably thinking I'm crazy, that people would actually fall for this type of scam, but it actually works. Going back to the mind trick idea, what do you think sounds less sketchier: "hey bro i can turn 40 dollars into 400 rn just paypal me the money" or "hey bro i can turn 0.006 btc into 0.06 rn just send the btc to my address". Mathematically, the difference between 0.06 and 0.006 sounds much smaller than 40 and 400 to us, even to those who understand cryptocurrencies, that's how this scam works. So you get your victim, give them this offer (change the prices if you want), hope they go through with it and boom, free 40 dollars. That easy.
So now that you get the gist of it, I'll write a more in depth instruction guide below, starting with a checklist for what you'll need to pull off this devious scam:
- Some kind of social media app/instant messaging app. It's better to use the more popular ones, such as Instagram and Snapchat, but you can use Kik or Skype (who?) if you want.
- Fake profile. Doesn't need to be in depth like with e-whoring, just make a simple page for your bitcoin entrepreneur with a fake name, PFP etc. Your profile doesn't even need a real person, you can go for the good old Xx_bitcoinguy69_xX if you want.
- YouTube account. You'll need this to "vouch" for yourself. You can just use your main if you want or make a quick Google account as this one doesn't even need any content.
- Crytowallet. There are plenty of good wallets out there. I use Blockchain on my phone for easy access, and it requires no ID verification.
Aaaand that's all. No extra downloads required, no "[FREE] [2019] Cryptoconning pack | Over 1200 bitcoins included!!!!!" needed!
So now that everything is set up let's get to work. The first thing you are gonna want to do is promote yourself. *Don't* promote yourself as yourself, that's just stupid. That's why we use your YouTube account to vouch for yourself in the comments of bitcoin videos. Now you may be asking, what type of video should I be looking for? And the answer is any. Really, just type bitcoin in the search box and sort by upload date. For the best results however, I would look for videos titled "how to get free bitcoins" and the like, as the type of people who will be watching those videos will be pretty desperate for money. In the comments just type something along the lines of "this is a good technique but my friend has access to a crazy mining rig. he can get you 0.06 btc in a few days message him on [social media] his name is [username].". If you want to increase your percieved authenticity, try and relate your comment to the video in some way. Yes this is more time consuming but it makes you stand out from all the bots in the comments. For example, instead of leaving the comment previously mentioned, start it like "this app is pretty cool i got 0.0002 btc in a few days. will definitely take some time but my friend already started me off etc etc etc.".
Now your first victims have begun messaging you, what next? Well the next part is similar to e-whoring, so if you are experienced in that this will be a breeze. The less questions they ask, the better. This is also a good way of seeing how desperate they are, so if you feel like you can take advantage of someone, increase the prices and the "profit". Just don't go too high, and keep the difference between the price and profit low. If they start asking questions just bullshit your way through them. "Where does the money come from?" "I have access to a mining rig in Texas", "How can you get it so fast?" "We have over 350 mining rigs, with Radeon RX 460s", "How do you make a profit out of this?" "It's not my mining rig", etc etc. When they finally ask for the money, that's when you tell them about the fee. You need a good reason for this, and by far the best one is to say that you need the money to pay for the mining rig's services. This one works like a charm. So by now you should have been able to see what kind of person they are. Friendly? Go semi high with the price and if they hesitate offer to lower it a bit. Straight forward? Go somewhere in the middle-high. Asks lots of questions? Go middle and offer to lower it a bit just for them. When you've finally got them on board all you need to do is give them your wallet address and they will send the bitcoins over. Sometimes this can take a few hours or sometimes it goes through immediately, but you should recieve it the same day. And just like that, you've made yourself a quick 30-80 dollars!
Now you don't your victim to get suspicious right away, so if the transaction hasn't gone through, tell them that it hasn't, and that you will get back to them as soon as it has. If you get it immediately, say "thanks got it" and that you've started the mining rig and it will take a couple days (be specific, don't just say "a few days", say "about 74 hours") and bid your farewell to them. At this point you can just block them but if you don't risk getting reported and your account taken down you can take it further. There's a chance that your victim will ask for progress on your mining so just give them a fake amount of bitcoins according to how long it's been since you "started it". So if you said it will take 74 hours and it's been 2 days since you scammed them, say you have mined 0.0454379 btc out of the 0.06 you agreed on. After the time period is finished come up with some excuse such as you're not allowed to use the mining rig anymore, or the owners took the bitcoins. Say you're sorry and that you returned the bitcoins they sent you and that it will probably take a few hours to send. You can even fake a screenshot of the confirmed transaction if you want, just in case they ask for proof, but at this point it's safe enough to block them.
And that's how you make 100s of dollars in bitcoins per day, completely anonymous, less hassle than other methods and less risk involved! I hope you found this useful because it took me forever to write this. Below I made a pros and cons list for a quick summary. Happy scamming! :)
Pros of cryptoconning:
- Completely anonymous, can't be traced back to you, especially if you launder it through Monero
- No downloads needed (except wallet and social media, but if you're on this sub you should probably already have those!)
- Faster than other methods, both setting up and actually executing; victims are more straight forward and willing to pay
- No need to maintain relationships with victims (also a con)
- Less risk than other money making methods (DNA is being cracked down on)
- Doesn't take up your time unlike e-whoring
- Less saturated than e-whoring
Cons of cryptoconning:
- Requires you to trade bitcoins for IRL currencies if you want to move it to PayPal/bank accounts
- Requires more promotion than other methods, can't just stick a profile on kikfriender.com and let it do it's thing lol
- Victims are one time use, unlike e-whoring
- Bigger risk of account being banned
submitted by Csharpflat5 to IllegalLifeProTips [link] [comments]

Ponzi schemes hit highest level in a decade, hinting next 'investor massacre' may be near

This is the best tl;dr I could make, original reduced by 77%. (I'm a bot)
Investor money ensnared in alleged Ponzi schemes has hit its highest level in a decade, leading to concern that a booming stock market and de-regulatory agenda are pushing more fraudsters to bilk unsuspecting investors.
A Ponzi scheme is a type of fraud whereby crooks steal money from investors and mask the theft by funneling returns to clients from funds contributed by newer investors.
Bernard Madoff ran the largest Ponzi scheme in history, a $65 billion scam encompassing thousands of investors that was uncovered in 2008.
In 2008, for example, authorities found 40 Ponzi schemes with a combined $23 billion of investor funds - roughly seven times the amount of funds from last year, according to Ponzitracker, data of which is compiled by Jordan Maglich, an attorney at Quarles & Brady.
The challenge with Ponzi schemes is that investors are unlikely to know if they're victims until the stock market crashes, as happened during the financial crisis when clients tried redeeming their money only to realize it wasn't there, Stoltmann said.
A recent Bitcoin Ponzi scheme, for example, promised investors up to 7% interest per week.
Summary Source | FAQ | Feedback | Top keywords: Investor#1 year#2 Ponzi#3 scheme#4 stock#5
Post found in /news, /FraudstersOfMarketing and /NBCauto.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

What coin is your "sleeper" coin that has a promising future?

Thank you all for sharing! A summary of results and findings to be posted here within 24 hours!
Update 9/2/17 (Not organized):
Mentions:
2 Tierion, 7 Vertcoin, 2 Pied Piper, 9 ARK, Binance Coin, 2 LoMoCoin, OMG, 17 District0x, 7 Monero, 8 IOTA, DeepOnion, 5 Agrello, 10 Factom, 1 Metal, *3 Nexus, NoLimitCoin (NLC2), Ember, 4 signatum, 4 Funfair, 3 Rise, groestlcoin (grs), bitquark, 2 bitquence (BQX), bitsend, 5 nav, datum, 2 0x exchange (zrx), 3 BAT, 2 Peercoin, 1 bytom, sys coin, 2 sia, 1 stox, 2 tenx, 2 decred, 3 ripple XRP, oxycoin, 4 OMG, 2 IOC, 3 ASCH, Oxycoin, 2 Lisk, 3 *Zcoin, 2 BLOCKNET, komodo, 2 pivx, game, mgo, linx, viacoin, xspec, qrl, voise, *bitbean, bitbay, 3 ubiq, 3 iconomi, 2 taas, bet, shift, crown, *singulardtv (sngls), myst, maidsafe, synereo, particl, 2 *cat, nem, lykke, *adex (adx), 2 verge (xvg), *raiblocks (XRB), suncontract (SNC), *diamond (DMD), mooncoin, *cloak, walton (WTC), counterparty (XCP), sickcoin, MEMETIC, wild beast block (WBB), civic, ponzi, biblepay, gene-chain, aragon, gulden, byteball, patientory, 2 stellar lumens (XLM), qtum, EOS, WBC, 23 skidoo, stealthcoin, digibyte, coss ico, dobbscoin, opus (OPT)
Tierion: FCT competitor Vertcoin: lightning network & Atomic swaps, longterm mining drama solution via asic resistance useful 3-5 years from now, ltc fork. "If I understood LN + atomic swaps correctly, I can see BTC users atomic swapping to the ridiculously cheap VTC chain to transfer their coins to the intended party, then that party swaps back to BTC later. I mean, this is what I would do if the fees made sense. While this might take away some utility from LTC, few people know about VTC, and the total of both coins (2 x 84 million) will never be enough for the world if you take future growth and adoption into consideration." - corpski Pied Piper: those guys fuck ark: easy way to build blockchain apps, no good marketing yet, so will be big after that Binance Coin: Binanc exchange's coin LomoCoin: Chinese pokemon go geocaching app with new v2.0 coming out OMG: Best way to spend your crypto, will be around despite success of any crypto *Agrello: Legal stuff Factom: Adopted and funded by bill gates, DHS, used in the real world, few other competitors with this much current use. probably slow but steady growth though with better utilization of blockchains. Metal: consistenly doubled ~every month, new signatum: "About to get PoS, a roadmap that is being quickly ticked through and constant development. Dedicated and fair. It's a literal steal right now and once people realise staking will just make money for them, the more holders and the less sellers, unlike now with many miners selling. It's reliable and honest, a fresh reality in the ICO scam filled marketplace. " -skeetskeet172 Nexus: "former spacex founders launching cube-sats around the world to decentralize the dectranlization" -Raynre + soon to boom after conference ~mid september Rise: lisk copy warnings district: "once the masses adopt and wrap their heads around the idea of ethereum and other app based platforms, they'll need a way to implement into real world applications. E-commerce, social platforms, blogs that pay directly for views, etc. DNT is paving a way for everyone (without programming knowledge) to take part in the decentralization world. In my opinion this is huge for the long run." - sdot123 *Bitquence: bring investments to the masses Nav: Polymorph and staking, risky but ambitious 61,000,000 limited supply, ~flavor of month in december. zrx: can't find a good reason why this decentralized exchange will succeed and purpose of the token? BAT: founder of javascript despite the sour ICO Peercoin: long long history of failures and innovation but not giving up bytom syscoin: merge mining with bitcoin tenx: omg partnership, few credit cards, backed by vitalik decred: open structure, governance, only vote for a hard fork ripple: $5+ trillion transferred using SWIFT, $50 mil FEDWIRE, 1.5 bil on CHIPS ASCH: any coding language side chain creation, very active big team, pending big exchange approval bitbean: due for name change soon, staking, funny/moniker name (bean) zcoin: better than zcash/monero once roadmap is done: better POW, incentivizd nodes, trustless setup, permanent anonymous addresses, faster times, currently only $35mil market cap, used bitcoin code, asic resistant bitbay: valued <5x sys coin competitor, novel rolling peg, pos, dedicated underdog dev who was screwed over by his own team shift: decentralize the web crown: digital commodities, and more, neither POS or POW but ATOMIC in 1 month CAT: Creating ethereum smart contracts visually raiblocks: is like IOTA, close to coming to bittrex, 0 transaction fees suncontract: buyign and selling electricity. Will eb used for solar market.. Really good cause! mooncoin: in one year cloak: closed source, said to be better than monero/dash when goes open source *walton: NEW, chinese site but patents and samsung vp on board, patents for integration of iot and rfid and blockchain, only one binance right now and will balloon afterwards, https://twitter.com/Waltonchain counterparty: extends bitcoin to create assets *MEME: blockchain secured images. but how do they afford image hosting costs? wild beast block PonziCoin: definitely not a ponzi scheme of sorts... biblepay: religion ftw gene chain: sleepiest sleeper of sleepers. a very very specific sue case in bioinformatics, made first node sale to a genomics lab and about to publish a paper soon. gulden: send money but every new user causes gulden value to go up. can buy with cash on website right now. ubiq: said to be throttled by bittrex/killed. *OPUS: NEW
submitted by mannanj to CryptoCurrency [link] [comments]

Weekly Update: Parena trifecta, Cryzen shareable backtests, Crypto biggies for aXpire, HYDRO taking giant strides... - 29 Mar - 4 Apr'19

Weekly Update: Parena trifecta, Cryzen shareable backtests, Crypto biggies for aXpire, HYDRO taking giant strides... - 29 Mar - 4 Apr'19
Hiya folks! Starting today and over the next 10-12 days, I'll attempt to catch up on all the pending weekly updates. Seeing how much goes on in Parachute + partnerverse in a week, this is going to be a humongous challenge. Let's see how it goes. Wish me luck! Our good friends at Uptrennd, did a shoutout to a previous weekly update. You guys rock! And this is why making these updates is so worthwhile. This week's post is easily going to be the biggest one yet. Here's your week at Parachute (29 March to 4 April):

Parenas were aplenty this week. Starting with the weekly Parena which Alexis won to take home a lion’s share from the 200k PAR pot. Alexis also picked the Metallica theme Parena spoils by beating Kamo in a quick finale battle and claimed his rightful share from the 100k PAR pool. And finally, we had a WED Parena after a long time. Chris sponsored 1M WED for the Parena pot, and almost won the winner’s share if not for Clinton whose Zebra beat Chris’ Mink to claim top spot. Damn! That’s a ton of PAR and WED given away in a single week in Parenas. Jason hosted the first ever Parachute-based trivia instead of the normal Gamee games for the week. It’s been a fun ride with even Cap and Ice getting stumped by one of the questions.

3-2-1, Kamo goes down! Alexis is victorious!

We are also starting to see multiple Parachute partners collaborating with each other. Zachary from BOMB joined Jeff from Uptrennd for a live stream chat on what the future holds for the crypto market. In other BOMB news, the BOMB puzzle stayed unsolved. 1000 BOMB tokens were burned as a result. The riddle was about Vitalik Buterin’s death hoax. To prove that he was alive, Vitalik had uploaded a picture of the latest block size. The answer could be reached by hashing together the block reward and parent block and finally adding gas at the end. ETHOS followed up its BOMB listing with a featured article explaining what the project was all about. Folks who haven’t had the chance to read up on BOMB yet, check it out. Did you know that ETHOS has been acknowledging good conversations in their Telegram channel using ParJar for quite some time now? Read here about it and join in! The latest updates to the dev diary and dashboard were made this week. Also, if you aren’t on Uptrennd yet, check out this article on MrBTC to find out what you’re missing out. “Uptrennd currently share around 80% of the websites revenue with their users”. Boom!

PoL – Proof-of-Life

In Cryzen-world, all Free accounts participating in the Battle of the Bots #1 Competition were upgraded to Starter accounts for the month of April. Simulation sharing is now live on the Cryzen Code Studio thanks to Robin. Any backtest can now be shared with the world using a link. Click here to check the test run of Shuvro’s Mean Reversal algorithm. Once there, you will be able to use the Share button and social links on top to share the backtest with friends. Plus, the algo-of-the-week would have to be Shuvro’s Mean Reversal bot live trading ETC on Binance netting an ROI of ~16%. Pretty neat!

This beauty looks like a contender for the Battle of the Bots

Matthew sat down for a tete-a-tete with Ben (Ethfinex) to talk about the aXpire project. While AXPR didn’t make it to Ethfinex in the vote (more on that in the next update), the greatest takeaway was the community and influencer support that came along the way. Roger Ver, J.D. Salbego, That Martini Guy and Crypto Mobster (Ash Davidson) were some of the well known personalities that got behind aXpire. Oh Hey Matty’s review of AXPR also came out this week. And there’s not enough that could be said of the awesomeness of the aXpire community. They came out in numbers to back up the project and vote. In the next update, we will share how the community gave exceptional support during the voting phase. On a lighter note, this was also April Fool’s week. aXpire’s prank turned out to be so believable that some folks got stumped. The team had to change the headline and add an “EDIT” to emphasise that it was a joke. Haha! Remember, aXpire’s visit to SOS Children’s Village in India? Here’s some pictures from the visit. The monthly AXPR burn was also this week. 110k AXPR gone forever. Congratulations to the Telegram contest winners for snagging 100 USD worth of AXPR each! And finally, click here and here for a sneak peek at the MatchBX redesign. Stay tuned for more! Below is a big picture view of how aXpire is building adoptable blockchain infrastructure for all:

The aXpire ecosystem has both enterprise and consumer products

2gether co-founders Ramon and Salva were invited this week by KPMG as part of their KPMGTalks Series. Click here and here for pictures from the event. As chosen by the community through a vote, this video is now the official intro for 2gether. Also check out the presale trailer which features the intro. If you’re participating in the presale, make sure to go through the product roadmap and fund use plan. And if you’re travelling to the FinTech Unconference in Madrid in May, you can catch a moment with Salva who will be speaking there.

Intended Use of Funds from 2gether presale

HYDRO fans, check out the latest community update for a lowdown on all things HYDRO. Some of the highlights from the update are – addition of ParJar (covered in our last update), listing of HYDRO on ETHOS, making it to the final Ethfinex list for community vote (like aXpire). The Hydrogen Molecule security token investment platform is under development. For a demo, you can get in touch with the team. Hydrogen co-founder Mike was in Istanbul this week to speak on “APIs and Cloud” as part of the Istanbul Fintech Week. Click here for pics from the event. Plus, HYDRO is now part of Binance Info’s Transparency Initiative. As a result, the project received the V label (like Fantom did). The V label means that the project team is itself providing relevant information on Binance Info. As part of the Ethfinex voting process, Ben interviewed Mark Anstead, Hydrogen head of BD. Hydro will be BUIDLing a Bitfinex/Ethfinex/NEC centred dApp if they make it to the top 3 in the votes. In more BUIDL news, the upcoming Hydro dAppStore could look like the following:

Hydro dAppStore UI teaser
Blockport fans will know that social trading is a key upcoming feature of the project. In this detailed piece, founder Kai explains the details of this feature and what it holds for the future of Blockport. In Switch news, the first fee airdrop to ESH and SDEX holders was done this week. As part of distribution, 300k ESH and more than 3k USD in ETH was given out. A few more quick updates can be found in this article. Here’s John McAfee speaking on the importance of DEX’es and why SwitchDEX is a promising project. If you haven’t read up on SwitchDEX yet, this article lays bare the details of the Dex and its token (SDEX). Bounty payouts with Bounty chocolate bars was enabled by Bounty0x on 1st April (notice the date :p). Wonder if anybody tried a payout. The BNTY roadmap was updated recently. Check it out here. Plus, if you are participating in any bounty on the platform, the weekly distribution report will be of interest. Opacity enthusiasts, check out the March update from Jason. Some key takeaways from the update would be on the development-front. Opacity is also one of the few projects in the crypto-space that share finance updates. Below is 2019 expense forecasting for Opacity:

Actual expenses for March, forecasts for others

And finally, a quick summary of updates from some of the other partners. District0x is calling on meme lords to be prepared with their dankest memes for the MemeFactory0x launch day. The weekly District update and biweekly Dev update share the latest progress in District Registry and Ethlance among others. Fantomites, check out the monthly recap of the project for March. Another FTM fundamental analysis dropped this week. This time by FundaMint. Check out the analysis report here. Fantom’s CIO Michael Kong sat down for an AMA this week to answer questions from the community. His reverts can be found here. Dutch followers of Fantom, make sure to mark your calendars for an AMA on 25th June. That Martini Guy’s video mentioned in the aXpire update above also covered FTM as one of his picks for Q2 2019. Woot! Horizon State Token (HST) is now available for trading on Easy Crypto for folks in both Australia and New Zealand. The latest version of the Gem app (v0.17.4) with significant performance upgrades is now live on the App Store and PlayStore. The WednesdayClub dApp is now searchable on dappradar and state of the dapps.

That’s it for this week! Have a great weekend folks. Don’t forget to listen to this super chill soundtrack recommendation from Cap. Until next time. Ciao.
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Aphelion is probably a money dump.

Edit: I'm adding this in, 11/14/17: I highly recommend you watch the aphelion AMA and read my response here: https://www.reddit.com/NEO/comments/7cwfkz/z/dptc7tl
Hello everyone,
So as the title says, I've come to the conclusion that this ICO is either a money dump or straight out scam. While ICOs are the bread and butter of the crypto world right now, and another ICO on Neo would be awesome, this has thrown up way to many red flags. I personally won't be investing, and I'll break down why. First though, here's a list of questions I asked in their subreddit, and the responses they gave:
Questions
I asked some questions in their Subreddit: I'll give the questions and answers here:
1.Why the timing of your ico? Literally the day before bitcoins largest hardfork is the day you decide to start your ICO?
We wrote a blog post a few days ago clarifying that Bitcoin’s hard fork does not affect us: https://aphelion.org/blog/segwit2x-ico.html
They did a great job of side stepping the question by answering it without answering it. Personally, I'd hold an ICO before a bitcoin fork too, if I knew that the price of everything was probably going to skyrocket right after the fork.
2.Could you please clarify the role of the 'advisors' on your team? In my experience, advisor could mean quite a bit or almost nothing.
We consider all advisors to be part of our team. Some of those advisors are working more than full time on Aphelion and some are available to lend advice where they have expertise.
So their advisers range from basic questions to working more than full time. Fair enough, I'll give them that.
3.You appear to be asking for quite a bit of money. Between 27 and 35 million dollars at today's prices. That's quite a bit of money. Can you explain the history of your team, and their roles in managing that sum of money? Perhaps A breakdown of costs, salaries, anticipated expenses, ect.
We have a use of proceeds outlined in our white paper. Each of our founders have experience operating multi-million dollar operations. Key players in Aphelion at the moment are not on salary.
To be clear, these people are trying to raise THIRTY. MILLION. DOLLARS. That's more than two million dollars a person if you include all their advisors, or 15 million dollars each if you only count the two founders. To put that in perspective, they're trying to raise Ten million dollars more than Ethereums original ICO and twenty million dollars more than Neo itself raised.
For an exchange.
4.Can you give details on who in your team has experience in blockchain programming and will be the primary party responsible for heading the program? From what I see, you have two founders, neither of whom have given evidence that they have the ability to take on this sort of task.
Joel, noted on our homepage, has extensive blockchain programming experience and manages a robust team. We also have Adi as an advisor from Applied Blockchain. We are fully confident in our team’s ability and we are excited to grow our team in the future.
Ya know, after I got this answer, I went ahead and looked at Joel. (Who is listed as an adviser still, by the way) From what I can tell, 'Extensive blockchain programming experience' means almost none really. Here's the facebook page of the company he represents:
https://www.facebook.com/allcodecom/
Only until the most recent few months has there ever even been a mention of blockchain technology. Going back and back, at no point is bitcoin, ethereum, or really anything to do with Crypto technology even mentioned before very recently. According to the linkedin page, allcode has a team of...5. Including Joel. I'm not blown away or really convinced.
5.In a similar vein, could you please be breakdown the details of how you plan to exchange neo? In terms of selling them at market cost, when, ect.
There are simply too many variables to give you an answer on this. We do not have control over market pricing.
Also, fair enough.
6.You say on your website that you plan on being based in St. Kitts. Why the switch to there from Barcelona like had been previously stated?
We have never sated that Aphelion is based in Barcelona. Aphelion has always been based in Nevis.
PURE. BULLSHIT. At various points, the location changed from Barcelona to Catalonia,and now to now St. Kitts. Unfortunately, I wasn't able to archive any of these, but there are various news sites where Aphelion and Barcelona are mentioned. Let's give them the benefit of a doubt though: Good ol' Tech capital St. Kitts and Nevis: a tiny island in the Caribbean with a booming population of 54,000, where a quality internet connection would cost upward of 300 USD a month, and Definetly not known for anything shady.
It's okay though, as we can all tell that this is the place I'd go to get some high quality, cutting edge programming done, and definitely not a way to get the internet to crowdfund my ticket to a tropical paradise.
7.You state in your road map that you both retained legal counsel and came up with the concept by Q2 of this year. Would you be willing to provide evidence for this via email if requested?
Our legal counsel has advised us not to disclose any legal communications with unknown third parties.
Yeah, I wouldn't either, considering. I'll tell ya what aphelion Token: PM me for an email address. If you can you provide any evidence that you came up with the concept and/or research of a decentralized cryptocurrency market before March 31st of 2017 with a time dated email, I'll put in 50 neo into the ICO.
8.It appears that you've taken some time to contact the neo team in any capacity. Considering neo has only had one (mostly) successful ICO so far, it's pretty surprising to some members of CoZ that your certain to correctly pull it off without a hitch with zero help. Do you still remain as confident as before?
Does this question have a typo? We have taken the time to outreach both NEO and CoZ and have had conversations with both. We are not working directly with NEO or CoZ, but they have been kind and helpful to answer questions for us. We are highly confident that we will have a successful venture.
Yeah, I've reached out to Neo and CoZ too. CoZ was pretty surprised that you took as long as you did to contact them in regards to how your ICO would work. That Aphelion only began communicating in the last month or so is quite surprising.
9.Your whitepaper and roadmap do not state a minimum funding goal. Should you only manage to reach the paltry sum of 25 million dollars, will you be refunding your investors?
Let’s first clarify that $25M is not a paltry sum. We have a minimum funding goal of $2M and are confident we will far surpass that goal. In the event of unsold tokens, they will be burned
Yeah...it still doesn't mention the minimum funding goal in the whitepaper, nor if you fail to reach the minimum if you'll be refunding your investors.
summary I've seen a lot of youtubers and Twitter users shilling this. A remarkable amount of them aren't including any disclosure that they're doing it for their social media bounty, unfortunately. Shilling at this level throws me off a lot, especially when it's from that suppoman turd.
If you've reached this far, you've read most of my concerns, but I have another I'd like to add: What they are asking for amounts to about 1.2 million neo at current prices. Remember what the ultimate usage of what the Neo token represents: Voting power for consensus nodes and future blockchain decisions. If they reach their goal, they will have enough to represent 1.8 percent of the total voting rights for today's circulating Neo.That's sort of like giving one american the right to vote five million times in one election.
Based on everything you've seen so far, do you feel as though these are the people you trust with that much power?
Caveat emptor.
submitted by Atomic_ghost1 to NEO [link] [comments]

My Interview with Andrew Craig - Founder of Plain English Finance and Best Selling Author of 'How To Own The World'

Hey everyone,
I was lucky enough to record a podcast with Andrew Craig - author of brilliant finance book 'How To Own The World'. The book has been the second highest rated book about investing on Amazon.co.uk after Ben Graham’s investment classic “The Intelligent Investor”. I wanted to share my highlights and key takeaways from the conversation here because I have learnt so much from Andrew (over the past few years). If you are interested in personal finance (as you should be because you're in this subreddit) you will learn A LOT from this podcast episode. The notes below are a great summary also.
You can listen to the episode in full here (or just read the below notes): Website | iTunes | Spotify

GENERAL MONEY TIPS

OWNING THE WORLD TIPS

PSYCHOLOGY OF INVESTING TIPS

FINANCIAL LITERACY TIPS

INVESTING TIPS

WHERE TO FIND ANDREW CRAIG

submitted by crypto_advocate to UKPersonalFinance [link] [comments]

I wrote a 30,000 ft. "executive summary" intro document for cryptos. Not for you, for your non-technical parents or friends.

This document was originally written for my dad, an intelligent guy who was utterly baffled about the cryptocurrency world. The aim was to be extremely concise, giving a broad overview of the industry and some popular coins while staying non-technical. For many of you there will be nothing new here, but recognize that you are in the 0.001% of the population heavily into crypto technology.
I've reproduced it for Reddit below, or you can find the original post here on my website. Download the PDF there or hit the direct link: .PDF version.
Donations happily accepted:
ETH: 0x4e03Bf5CCE3eec4Ddae4d3d6aAD46ca4f198AeD6 BTC: 1GqWMZRRygRJJWYYTWHkAVoRcgyQHjgBMZ XMR: 42Y1S1KBoPk381kc7hA68zaiC78BxMoCADjLrFcTdWiE7ejhZc49s1t9i7P2EmTnHsLDiKoSUiogCbLVHXRJxjrCT4WG8ic XRB: xrb_1bpzh745s9kzk8ymfnks3jtdi65ayumdstokzd4yw4ohu3fopxmiocjcntcu 

Background

This document is purely informational. At the time of writing there are over 1000 cryptocurrencies (“cryptos”) in a highly volatile, high risk market. Many of the smaller “altcoins” require significant technical knowledge to store and transact safely. I advise you to carefully scrutinize each crypto’s flavor of blockchain, potential utility, team of developers, and guiding philosophy, before making any investment [1] decisions. With that out of the way, what follows are brief, extremely high-level summaries of some cryptos which have my interest, listed in current market cap order. But first, some info:
Each crypto is a different implementation of a blockchain network. Originally developed as decentralized digital cash, these technologies have evolved into much broader platforms, powering the future of decentralized applications across every industry in the global economy. Without getting into the weeds, [2] most cryptos work on similar principles:
Distributed Ledgers Each node on a blockchain network has a copy of every transaction, which enables a network of trust that eliminates fraud. [3]
Decentralized “Miners” comprise the infrastructure of a blockchain network. [4] They are monetarily incentivized to add computing power to the network, simultaneously securing and processing each transaction. [5]
Peer-to-peer Cryptos act like digital cash-- they require no third party to transact and are relatively untraceable. Unlike cash, you can back them up.
Global Transactions are processed cheaply and instantly, anywhere on Earth. Using cryptos, an African peasant and a San Francisco engineer have the same access to capital, markets, and network services.
Secure Blockchains are predicated on the same cryptographic technology that secures your sensitive data and government secrets. They have passed seven years of real-world penetration testing with no failures. [6]

Bitcoin (BTC)

The first cryptocurrency. As with first movers in any technology, there are associated pros and cons. Bitcoin has by far the strongest brand recognition and deepest market penetration, and it is the only crypto which can be used directly as a currency at over 100,000 physical and web stores around the world. In Venezuela and Zimbabwe, where geopolitical events have created hyperinflation in the centralized fiat currency, citizens have moved to Bitcoin as a de facto transaction standard. [7]
However, Bitcoin unveiled a number of issues that have been solved by subsequent cryptos. It is experiencing significant scaling issues, resulting in high fees and long confirmation times. The argument over potential solutions created a rift in the Bitcoin developer community, who “forked” the network into two separate blockchains amidst drama and politicking in October 2017. Potential solutions to these issues abound, with some already in place, and others nearing deployment.
Bitcoin currently has the highest market cap, and since it is easy to buy with fiat currency, the price of many smaller cryptos (“altcoins”) are loosely pegged to its price. This will change in the coming year(s).

Ethereum (ETH)

Where Bitcoin is a currency, Ethereum is a platform, designed as a foundational protocol on which to develop decentralized applications (“Dapps”). Anyone can write code and deploy their program on the global network for extremely low fees. Just like Twitter wouldn’t exist without the open platform of the internet, the next world-changing Dapp can’t exist without Ethereum.
Current Dapps include a global market for idle computing power and storage, peer-to-peer real estate transactions (no trusted third party for escrow), identity networks for governments and corporations (think digital Social Security card), and monetization strategies for the internet which replace advertising. Think back 10 years to the advent of smartphones, and then to our culture today-- Ethereum could have a similar network effect on humanity.
Ethereum is currently the #2 market cap crypto below Bitcoin, and many believe it will surpass it in 2018. It has a large, active group of developers working to solve scaling issues, [8] maintain security, and create entirely new programming conventions. If successful, platforms like Ethereum may well be the foundation of the decentralized internet of the future.

Ripple (XRP)

Ripple is significantly more centralized than most crypto networks, designed as a backbone for the global banking and financial technology (“fintech”) industries. It is a network for exchanging between fiat currencies and other asset classes instantly and cheaply, especially when transacting cross-border and between separate institutions. It uses large banks and remittance companies as “anchors” to allow trading between any asset on the network, and big names like Bank of America, American Express, RBC, and UBS are partners. The utility of this network is global and massive in scale.
It is extremely important to note that not all cryptos have the same number of tokens. Ripple has 100 Billion tokens compared to Bitcoin’s 21 Million. Do not directly compare price between cryptos. XRP will likely never reach $1k, [9] but the price will rise commensurate with its utility as a financial tool.
In some sense, Ripple is anathema to the original philosophical vision of this technology space. And while I agree with the cyberpunk notion of decentralized currencies, separation of money and state, this is the natural progression of the crypto world. The internet was an incredible decentralized wild west of Usenet groups and listservs before Eternal September and the dot-com boom, but its maturation affected every part of global society.

Cardano (ADA)

Cardano’s main claim to fame: it is the only crypto developed using academic methodologies by a global collective of engineers and researchers, built on a foundation of industry-leading, peer-reviewed cryptographic research. The network was designed from first-principles to allow scalability, system upgrades, and to balance the privacy of its users with the security needs of regulators.
One part of this ecosystem is the Cardano Foundation, a Swiss non-profit founded to work proactively with governments and regulatory bodies to institute legal frameworks around the crypto industry. Detractors of Cardano claim that it doesn’t do anything innovative, but supporters see the academic backing and focus on regulation development as uniquely valuable.

Stellar Lumens (XLM)

Stellar Lumens and Ripple were founded by the same person. They initially shared the same code, but today the two are distinct in their technical back-end as well as their guiding philosophy and development goals. Ripple is closed-source, for-profit, deflationary, and intended for use by large financial institutions. Stellar is open-source, non-profit, inflationary, and intended to promote international wealth distribution. As such, they are not direct competitors.
IBM is a major partner to Stellar. Their network is already processing live transactions in 12 currency corridors across the South Pacific, with plans to process 60% of all cross-border payments in the South Pacific’s retail foreign exchange corridor by Q2 2018.
Beyond its utility as a financial tool, the Stellar network may become a competitor to Ethereum as a platform for application development and Initial Coin Offerings (“ICOs”). The theoretical maximum throughput for the network is higher, and it takes less computational power to run. The Stellar development team is highly active, has written extensive documentation for third-party developers, and has an impressive list of advisors, including Patrick Collison (Stripe), Sam Altman (Y Combinator), and other giants in the software development community.

Iota (IOT)

Iota was developed as the infrastructure backbone for the Internet of Things (IoT), sometimes called the machine economy. As the world of inanimate objects is networked together, their need to communicate grows exponentially. Fridges, thermostats, self-driving cars, printers, planes, and industrial sensors all need a secure protocol with which to transact information.
Iota uses a “Tangle” instead of a traditional blockchain, and this is the main innovation driving the crypto’s value. Each device that sends a transaction confirms two other transactions in the Tanlge. This removes the need for miners, and enables unique features like zero fees and infinite scalability. The supply of tokens is fixed forever at 2.8*1015, a staggeringly large number (almost three thousand trillion), and the price you see reported is technically “MIOT”, or the price for a million tokens.

Monero (XMR)

The most successful privacy-focused cryptocurrency. In Bitcoin and most other cryptos, anyone can examine the public ledger and trace specific coins through the network. If your identity can be attached to a public address on that network, an accurate picture of your transaction history can be built-- who, what, and when. Monero builds anonymity into the system using strong cryptographic principles, which makes it functionally impossible to trace coins, [10] attach names to wallets, or extract metadata from transactions. The development team actively publishes in the cryptography research community.
Anonymous transactions are not new-- we call it cash. Only in the past two decades has anonymity grown scarce in the first-world with the rise of credit cards and ubiquitous digital records. Personal data is becoming the most valuable resource on Earth, and there are many legitimate reasons for law-abiding citizens to want digital privacy, but it is true that with anonymity comes bad actors-- Monero is the currency of choice for the majority of black market (“darknet”) transactions. Similarly, US Dollars are the main vehicle for the $320B annual drug trade. An investment here should be based on the underlying cryptographic research and technology behind this coin, as well as competitors like Zcash. [11]

RaiBlocks (XRB)

Zero fees and instantaneous transfer make RaiBlocks extremely attractive for exchange of value, in many senses outperforming Bitcoin at its original intended purpose. This crypto has seen an explosion in price and exposure over the past month, and it may become the network of choice for transferring value within and between crypto exchanges.
Just in the first week of 2018: the CEO of Ledger (makers of the most popular hardware wallet on the market) waived the $50k code review fee to get RaiBlocks on his product, and XRB got listed on Binance and Kucoin, two of the largest altcoin exchanges globally. This is one to watch for 2018. [12]

VeChain (VEN)

Developed as a single answer to the problem of supply-chain logistics, VeChain is knocking on the door of a fast-growing $8 trillion industry. Every shipping container and packaged product in the world requires constant tracking and verification. A smart economy for logistics built on the blockchain promises greater efficiency and lower cost through the entire process flow.
Don’t take my word for it-- VeChain has investment from PwC (5th largest US corporation), Groupe Renault, Kuehne & Nagel (world’s largest freight company), and DIG (China’s largest wine importer). The Chinese government has mandated VeChain to serve as blockchain technology partner to the city of Gui’an, a special economic zone and testbed for China’s smart city of the future. This crypto has some of the strongest commercial partnerships in the industry, and a large active development team.
  1. “Investment” is a misnomer. Cryptos are traded like securities, but grant you no equity (like trading currency).
  2. The weeds for Bitcoin: basic intro (1:36), non-technical explanation (5:24), Bitcoin 101 – Andreas Antonopoulos (23:51).
  3. It is impossible to double-spend or create a fake transaction, as each ledger is confirmed against every other ledger.
  4. Some utility token blockchains use DAG networks or similar non-linear networks which don’t require mining.
  5. In practice, these are giant warehouses full of specialized computers constantly processing transactions. Miners locate to the cheapest electricity source, and the bulk of mining currently occurs in China.
  6. Centralized second-layer exchange websites have been hacked, but the core technology is untouched.
  7. This effect has been termed "bitcoinization".
  8. The Ethereum roadmap shows moving from a Proof of Work (PoW) to Proof of Stake (PoS) consensus model.
  9. At $2.62 per XRP token, Ripple already commands a $100B market cap.
  10. After a January 2017 update.
  11. Monero uses ring signatures while Zcash uses ZK-SNARKs to create anonymity. Both have pros and cons.
  12. Note: all signs point to this crypto being renamed “Nano” in the coming weeks: nano.co.
submitted by jhchawk to CryptoCurrency [link] [comments]

GeeksHosted Adds Crypto Payment Options for Web Hosting Services

GeeksHosted Adds Crypto Payment Options for Web Hosting Services

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As the world plunges into a new age of internet economy, the race is on for inclusion into the ever-changing business landscape of the web industry.
In view of this, web hosting provider GeeksHosted, long associated with its unique “geek” audiencewhose appetite is constantly driven by web innovations across the internet, now plans to attract a wider market by accepting payments in modern currency such as Bitcoin and a host of other digital assets.
This initiative hopes to attract a growing number of cryptocurrency enthusiasts to GeeksHosted’s services for their web hosting needs, to either build or host their web platforms.

The Hosting Business Has Never Looked So Good

This new development from GeeksHosted comes on the back of 6 years of brand building and development pioneered by a team of 10. Focused on the consumer, the firm has hit major milestones in growth, culminating most recently in a state-of-the-art data center upgrade that promises to provide an affordable high-performance dedicated server service to its booming clientele.
Almost a victim of its own success, the team found the upgrade to almost fall short of storage needs, with client growth nearly exceeding their scaling efforts.
As shown by GeeksHosted’s Catalin Florica, customers know where to go for good service:
“Customers are buying cheap dedicated servers in large numbers… can hardly keep up with orders.”
Moreover, amidst giants in the web hosting industry, GeeksHost seems to have secured its future in the hosting business through a well-incentivized business model of selling cost-effective yet reliable web hosting services, with professional and affordable search engine optimization (SEO) services that help customers reach their target audience.

Including an Emerging Market

GeeksHosted’s addition of Bitcoin and about 50 alternate cryptocurrencieswill support the already established payment system currently adopted by the platform. Payments systems such as PayPal, VISA, MasterCard, Perfect Money, and Paysafecard are now complemented by cryptocurrency payments, resulting in a system that is more robust and appealing to an emerging niche of digital payment service.
Bitcoin hosting and altcoin hosting support private payments with considerably reduced transaction costs, and are thought to one day rival other major payment systems. Cryptocurrency transactions are popular for their quick and simple transaction systems and can facilitate payments across the globe in a matter of minutes if not seconds.
In summary, accepting crypto payments places GeeksHosted in a unique position of advantage, seeing as that not many rivals currently accept such payments. Catalin acknowledges: “That’s a plus for us because not many hosting companies accept Bitcoin.”

Growth-hacking the right way

GeeksHosted’s business has grown with minimal media efforts and over the years has relied more on the word-of-mouth testimonials by its clientele enjoying top quality services with a high 99.99% uptime and affordable premium web hosting plans. This platform has on-boarded over 15,000 businesses, and more entrepreneurs are looking to GeeksHosted for their web solutions.
With a family-like approach to customer service, there is every reason to expect geeks and non-geeks alike to continue to flock to the platform.
submitted by GTE_IO to u/GTE_IO [link] [comments]

Three Laws of BTC Bull and Bear Cycle and Its Applications — Freezing Point Forecast — One

Three Laws of BTC Bull and Bear Cycle and Its Applications — Freezing Point Forecast — One
📷
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TOKEN Roll x FENBUSHI DIGITAL
Analyst: Song Shuangjie
Special Adviser: Shen Bo Rin
Guide:
The fourth price-rising cycle of BTC might commence around May 2019. The mainstream institutions join the game and ETF might be the driving force of the fourth round of price cycle.
Summary:
BTC has undergone three rounds of price cycles. ‘It is different this time’ has always been a terrible lesson for investors. The tokens, typical represented by BTC, are special in nature to other financial products, which makes it easily get mistaken that BTC will go up straightly and never decline. When the cycle power works, the asset price, which was thought to create a different history, will collapse. There are 3 major rules of the BTC price cycle:
A. BTC price cycle is closely related to its halving cycle. A complete BTC price cycle lasts for about four years. The price-rising section will commence one year ahead of the time before the output is halved. The BTC output was halved for the first time at the end of November 2012, and before that the BTC price touched the bottom in November 2011. The BTC output was halved for the second time in July 2016, as the BTC price touched the bottom in August 2015. As you can see, each time BTC output halving, is the start of a price-rising cycle, and the price speeding up begins with it.
B. BTC price fluctuation range decreases as market value increasing. The BTC’s (in circulation) market value varies with its price fluctuations, which means BTC’s price rising makes its market value increases, and the price fluctuation range decreases. It is similar to the historical process of other asset classes. During the first price cycle, the price of BTC rose by 10636 times which was the biggest gain, and the maximum drawdown was declined by 93.76%. During the second price cycle, the price of BTC rose by 623 times, and declined by 83.93% maximum. During the third price cycle, BTC rose by 98.57 times at most, the maximum declining has not been confirmed yet.
C. The innovation led by BTC is constantly evolving and more and more approved by the mainstream. From BTC to Altcoin, from Altcoin to Crowdsale, there are iconic innovations and applications in every price cycle. In the first cycle, the birth and gradual application of BTC was a landmark event. In the second cycle, with the re-emergence of BTC in 2013, the tide of the Altcoins was rampant, and a large number of Altcoins appeared. In the third cycle, Crowdsale began to be popular around the world, and many websites started to provide Crowdsale's news and discussion forum. Since 2017, Crowdsale has dominated the blockchain investment, far exceeding VCs and corporate investment. With the development of blockchain technology, the evolution of digital certification, the improvement of practitioners' awareness, and the evolution of government regulation, the innovation led by BTC has evolved and is more approved by the mainstream.
The third round of the price cycle might come to an end around May 2019, and followed by the fourth round of price cycle. The maximum rise in the BTC's fourth price-rising cycle will be smaller than last three cycles. BTC's increasing market value demands more capital. Digital token shall embrace supervision to absorb more institutional funds. ETF will be a viable solution. In the future, it will shift from Crowdsale to ETF, and from deregulation to embracing supervision.
Risk Tips: ETFs have put capital amount into this market less than that we expected. Quantum computer technology is advancing by leaps and bounds
Content
1 The First Round of Price Cycle .
2 The Second Round of Price Cycle
3 The Third Round of Price Cycle
4 Three Major Rules of BTC Price Cycle
4.1 BTC price cycle is closely related to its halving cycle
4.2 BTC price cycle is closely related to its halving cycle
4.3 BTC-led innovatioized by the mainstream
5 The new journey of BTC will Start in May 2019
List of Graphs
Graph 1: BTC Price Trend in The First Price Cycle (in USD)
Graph 2: BTC price trend in the second round of price cycle (in USD)
Graph 3: The number of tokens in 2013 has increased significantly Graph 4: BTC price trend in the third round of price cycle (in USD)
Graph 5: VIX index and BTC price are negatively correlated
Graph 6: Crowdsale has dominated blockchain investment since 2017 (millions of US dollars)
Graph 7: A large number of Crypto Funds were established in recent years.
Graph 8: ETH price trend (in USD)
Graph 9: ETH price is positively related to the size of Crowdsale financing
Graph 10: Lightning network capacity continues to grow
Graph 11: The number of lightning network channels continues to grow
Graph 12: The global Crowdsale growth rate slows down in 2018 .
Graph 13: Crowdsale’s fundraising has started to decline since 2018 .
Graph 14: Significant growth in venture capital in the blockchain sector in 2018
Graph 15: BTC block reward trend reduction
Graph 16: BTC price cycle and halving mechanism (in USD)
Graph 17: BTC market value scale trend increase
Graph 18: BTC price fluctuations become smaller
Graph 19: Admission to mainstream institutions has continued since the end of 2018
Graph 20: The third round of the price cycle may be completed around May 2019
Graph 21: The current stage of the price cycle has been probable more than half, and the downside space is limited
History doesn't repeat itself, but it does rhyme. --Mark Twain
‘It is different this time’ has always been a terrible lesson for investors. The tokens, typical represented by BTC, are special in nature to other financial products, which results in producing an idea, in some investors’ mind, that the price of BTC will go up straightly and never decline. When the cycle power works, the asset price, which was thought to create a different history, will collapse. No matter it is the A-share market of 2007 or the one of 2015, or any ‘bubble time’ in human history, the cycle power played its role. As far as BTC is concerned, its price has also experienced three rounds of cycles.
In addition, when the asset price is in a dark period of continuous decline and weak rebound, the power of the cycle also works. As long as it is a valuable asset, its price will eventually bounce back from the bottom. Opportunities have always been there, if you have an asset with high potential in hand. In the dark moments before dawn, the more you are afraid, the more you will be confused. At this time, you have to believe in the value investing. ‘Be fearful when others are greedy and be greedy when others are fearful’, not the other way around. That means, we shall invest reversely, buying undervalued assets gradually in the bottom region of price decline cycle; selling overvalued assets gradually in the top region of price-rising cycle; and following the trend in other time region of the cycle.
1 The First Round of Price Cycle
The first round of BTC price cycle lasted for 610 days, from March 2010 to November 2011, and in this cycle, BTC price rise rate was the highest of BTCs three price cycles.
The price rise stage of the first round of price cycle, from March 2010 to June 2011, lasted for 447 days. The starting price was 0.003 USD/piece, and the highest price was 31.91 USD/piece, the rise rate reached 10,636 times. The price decline section of the first round of price cycle, from June 2011 to November 2011, lasted for 163 days. In this price decline section, the starting price of BTC was $31.91 per piece, and the lowest price was $1.99 per piece. The decline rate was 94%.
On May 22, 2010, the famous BTC Pizza dealt. Laszlo Hanyecz from Jacksonville, FL, bought two pizzas with 10,000 BTCs. Each price ofBTC is less than 0.01US dollars.
In the first round of the price cycle, there is no explicit positive or negative factors causing BTC's price huge fluctuation. Fluctuations are more like in a “natural” situation. Before the first BTC bubble bursted in November 2011, its price was in a trend of increasing. The reason of rise was that the price base of BTC was very low. With the understanding of BTC gradually getting better, the demand increased, and then, the price rose. For example, June 2011, WikiLeaks and some organizations began accepting BTC donations.
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2 The Second Round of Price Cycle
The second round of BTC price cycle lasted for 1377 days, from November 2011 to August 2015, and in this cycle, the price of BTC exceeded gold for the first time.
The price rise stage of the second round of price cycle, from November 2011 to November 2013, lasted for 743 days. The starting price was $1.99 USD/piece, and the highest price was 1,242 USD/piece, the rise rate reached 623 times. The price decline section of the second round of price cycle. From November 2013 to August 2015, lasted for 634 days. In this price decline stage, the starting price of BTC was 1,242 USD per piece, and the lowest price was 199.57 USD per piece. The decline rate was 84%.
At the second price cycle, the range of application of BTC has been greatly expanded. In November 2012, WordPress began to accept BTC; and in October 2013, the world's first BTC ATM was deployed in a coffee shop in Vancouver where customers could buy and sell BTC. In November 2013, the University of Nicosia announced accepting BTC for tuition, the university's chief financial officer called it "gold of tomorrow"; In addition to some underground economy and gray economy began to accept BTC, BTC is also getting closer to daily life.
The success of BTC popularized altcoins. The first type of altcoin LTC (Litecoin) was created in October 2011, and it is the time when the BTC price came to the end of price decline. In 2011, Namecoin and SwiftCoin were born successively. In 2012, Bytecoin and Peercoin were issued, however, BTC was still in the stage of rising slowly from the bottom, and the market was not hot. Along with the re-emergence of BTC in 2013, the tide of the altcoins is rampant, and a large number of altcoins are issued. According to CoinMarketCap data, there were 66 kinds of altcoins at the end of 2013, while there were less than 10 at the beginning of the year.
The safe-haven properties of BTC are widely approved. BTC was a choice for people in many countries that are in crises. The residents flocked to BTC, hoping to maintain assets value through BTC. This phenomenon has occurred many times during the European debt crisis. For example, in early 2013, in order to get the bailout, the Cyprus government imposed taxes on deposits and imposed strict capital controls. In order to prevent property from shrinking, the Cypriot people rushed to bank runs and exchanged their currencies for BTC. The price of BTC quickly rose from 30 something to 265 US dollars.

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Due to the lack of supervision, BTC is often affected by negative events, which makes the market confidence in the danger of collapsing. In October 2013, the FBI seized approximately 26,000 BTCs from the Silk Road website, causing the BTC price to collapse to 110 US dollars. On December 5, 2013, the People's Bank of China banned the use of BTC by Chinese financial institutions, which made the price of BTC declined. In February 2014, Mt. Gox, the largest BTC exchange at the time, said that 850,000 BTCs of its customers were stolen, worth nearly 500 million US dollars, and BTC prices fell nearly half, from 867 to 439 US dollars.
The emergence of a large number of altcoins caused market bleeding. Since 2014, the number of altcoins has exploded. By August 2015, the number has reached 556, resulting in diversion of funds and market expansion. On May 1, 2013, BTC accounted for 94.29% of the market value of all tokens, and the market value of other tokens except the top 10 tokens was about 1%. By August 25, 2015, the proportion of BTC is about 83%, and the other tokens account for 4%, which is obvious.
No matter how magical token is, it is still a kind of asset. The mean return of value is a basic common sense of investment. The value will pull the price back to it, just like the gravity. The risk increases with the price rises, and the value appears when the price declines. In the rising section of this cycle, the price of BTC rose by 623 times, which is a great rise rate. When the price is too high, and the potential return in the future is insufficient, the attractiveness to new investors will fall, and the old investors will leave and look for more lucrative assets. Once the power of trend investors exhausted, the trend will reverse.
3 The Third Round of Price Cycle
The third round of price cycle of BTC is not over and is currently in the downward phase of the cycle. The price increased from August 2015 and lasted for 845 days till December 2017. The starting price of the price-rising cycle BTC was 199.57 USD/piece, and the highest price was close to 20,000 USD/piece. The rise rate is up to 99 times. Since December 2017, the price started to decline. The price has fallen to the lowest 3,191.30 US dollars up to now, a drop of 84%.
BTC networks expanded rapidly, and BTC has gained increasing recognition among legislators and traditional financial companies. Studies have shown that by November 2013, the commercialization of BTC is no longer driven by the underground economy, but by legitimate businesses. During this price cycle, people from more countries can get in touch with, select, trade and use BTC on a daily basis. In January 2016, Bitcoin computing capacity reached 1 exahash/S for the first time; In March 2016, the Japanese cabinet acknowledged that BTC has a function similar to real money. In 2017, Norway's largest online bank Skandiabanken integrated BTC accounts. In December 2017, Chicago Mercantile Exchange (CME) officially launched BTC futures, which is an important step for BTC to take toward mainstream investment. In October 2018, Fidelity launched its independent subsidiary Fidelity Digital Asset Services to provide digital asset services to institutional customers. In December 2018, the first round of financing was completed by the token exchange Bakkt launched by the Intercontinental Exchange. In February 2019, Nasdaq officially launched - Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX)- two indexes. The pension fund of US invests in the encryption fund, the mainstream organization is accelerating, and the relevant infrastructure is gradually improved.
BTC has become a risky asset. Under the current “three lows” environment - low interest rates, low spreads and low volatility, investors are seeking high returns, which leads to excessive financial risk behaviors and complacency, investors' risk appetite, and high leverage tools and the acceptance of high-risk products has increased, arbitrage transactions have prevailed, liquidity mismatches have been severe, and the overall market is fragile. As the results we can see that, the price of BTC is increasingly correlated with the VIX index (Chicago Options Exchange Volatility Index). A lower VIX index indicates that investors expect less volatility, while a higher VIX indicates higher expected volatility. The lower VIX index indicates that investors are optimistic about S&P 500, while the higher VIX means that investors are uncertain about the market outlook. When market volatility declines, investors buy stocks and other types of risk assets, when the market volatility rises, investors sell risky assets.
Risk assets will be dumped when risk appetite reduces panic market. BTC bid farewell to the nature of safe-haven assets and become a risky asset. Since December 2017, with the decline of the VIX index, the price of BTC rises, and the price of BTC is negatively correlated with the VIX index. At the beginning of 2018, the VIX index skyrocketed and BTC fell rapidly. In October 2018, the global market risk aversion trend increased, the VIX index went up, and the BTC price also fell sharply.

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Crowdsale has become the main financing method in the blockchain field. Crowdsale was born in the second round of the price cycle, Mastercoin did the world's first Crowdsale in July 2013. In 2014, Ethereum also raised funds through Crowdsale, when the price of ETH was less than 0.22 USD per piece. After 2016, when it is in the third price cycle, Crowdsale is popular around the world, and many websites began to provide information and discussion communities for Crowdsale. From a global perspective, Crowdsale has dominated the blockchain investment since 2017, far exceeding VCs and corporate investment. In 2017, Crowdsale raised 7.4 billion US dollars, and in the first half of 2018, Crowdsale Raised 12 billion US dollars.
The Crypto Fund emerged. Along with the Crowdsale boom, a large number of Crypto Funds were created. The number of Crypto Funds newly established in 2017 was nearly 200, far exceeding the total amount of the Crypto funds created in previous years, which fully demonstrated that, with the rise in the price of the token, the enthusiasm of funds to blockchain field is high.

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The rise of blockchain 2.0, the Crowdsale tide pushed ETH up nearly 10,000 times. In the third round of the BTC (Token) price cycle, the biggest star is not BTC, but ETH. Crowdsale after 2016, issued tokens mainly through Ethereum, which represented the rise of ETH in the blockchain 2.0 era. Crowdsale prosperity boosted the rise of ETH. On January 13, 2018, the price of ETH rose to a peak of 1,432.88 US dollars per piece, which is 6512 times rise rate comparing to its initial price.
The ETH price has a significant positive correlation with the growth rate of Crowdsale financing. The growth rate of Crowdsale financing decreased by 69.23% in 2015, the price of ETH decreased by 66.30% in the same year. In 2016, the growth rate of Crowdsale financing increased by 2737.5%, and ETH increased by 753.74%. In 2017, the growth rate of Crowdsale financing increased by 3,159.91%, and ETH rose by 8809.91%.

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Plan for public blockchain performance improvement emerged, and significant progress were made in lightning network. With the popularization of blockchains, the congestion of BTC and other public chains has gradually emerged, and performance has become one of the bottlenecks in the blockchain industry. In 2018, the performance-improvement plan of the public blockchain emerged. Improvements were made to the difference in blockchain logical architecture, including on-chain capacity expansion schemes by improving consensus mechanism and sharing, and off-chain capacity expansion schemes by status channel, sidechain, off-chain computing, and Layer 0 expansion scheme that enhance the scalability of the blockchain by optimizing the underlying data transmission protocol of the blockchain. Since the main net of BTC lightning network goes live, the number and capacity of channels have been increasing. As of March 10, 2019, the capacity has reached 790 BTC, and the number of channels has reached 35,464.

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Note: The Unique channel refers to the channel that is directly connected to the node for the first time, and the Duplicate channel refers to the channel between the nodes that have been connected.
The standardization of the token is promoted. On January 22, 2018, South Korea required all BTC dealers to disclose their identity, thereby prohibiting anonymous trading of BTC. During the first quarter of 2018, Facebook, Google and Twitter prohibited the promotion of Crowdsale, while the US Securities and Exchange Commission investigated a large number of Crowdsale projects, and issued bans to some Crowdsale projects. Regardless of the government's attitude towards the token, it is committed to incorporating the token into the regulatory framework for legal compliance.
The Crowdsale bubble bursted and the magical story is no longer magical. According to incomplete statistics, in 2017, 871 Crowdsale were completed in the world. These projects involved directions as distributed analogous Facebook, twitter, amazon, and next-generation public chain (blockchain 3.0), etc. These projects have raised a large amount of funds, but the actual operating is worrying. The promotion of the project dissipated a large amount of funds, but the actual development progress was far less than expected, resulting in the market's expectation failure and the diversion of funds from the mainstream token. Superimposed the impact of more and more negative news, technical adjustment requirements and market sentiment fluctuation. The market enters a negative cycle, as the decline begins.

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In 2018, there has been rapid growth in venture capital in the blockchain sector, indicating that venture capital still have good expectations about the application and future prospects of the blockchain. According to Coindesk data, the risk investment in the blockchain sector in 2018 reverse the decline of 2017, year-on-year increase of 257%, and the total amount for the year 2018 reached 3.1 billion US dollars.

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BTC peaked first. In terms of time, in the third round of the price cycle, the first to peak is BTC, which reached 19,870.62 USD per piece in December 2017. The peak of ETH happened later than BTC, in January 2018. EOS did not peak until April. The important reason for BTC to peak first is that the amount of funds needed to support the BTC market value scale is the largest. When the market’s ability to carry on is not enough, it is inevitable for the price of BTC to react first.
4 Three Major Rules of BTC Price Cycle
The price cycle of BTC has obvious regularity, and some unchanging factors determine the price fluctuation of BTC.
4.1 BTC price cycle is closely related to its halving cycle
One full BTC price cycle lasts approximately four years. In the first round of price cycles, the measure of time span is not reliable because of the availability of BTC trading prices. The second round of the price cycle lasted for 1,377 days, from November 2011 to August 2015, about four years.
The price-rising cycle of BTC is closely related to its halving period, and the price-rising cycle starts one year before each halving. At the end of November 2012, the first production of BTC was halved, that is, the number of BTC generated by each block was 25, and in November 2011, the price of BTC has bottomed out, and the halving of BTC is one year after the second price-rising cycle. In July 2016, production of BTC was halved the second time, that is, the number of BTC generated by each block was 12.5. In August 2015, BTC had already bottomed out, and BTC's production was reduced again one year after the third price-rising cycle started.

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BTC output halving blows the horn of each price-rising cycle, and the price speeding up begin. Although it is not BTC output halving that brings the price-rising cycle, but the halving of BTC output significantly reduced the growth rate of BTC supply, speeding up the rise of BTC price and the price-rising cycle. From November 2011 to November 2012, before the halving of BTC output, BTC increased by 6.74 times in one year. From November 2012 to November 2013, BTC price increased by 99.57 times. In the third price-rising cycle, BTC price rose by a maximum of 2.87 times in about 11 months before the production cut. After halving, BTC price rose by a maximum of 29.73 times in about 11 months.

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4.2 BTC price cycle is closely related to its halving cycle
The change in the market value scale of BTC (circulation) is mainly caused by its price fluctuations, and has little to do with the changes in the total amount of BTC output. According to CMC data, by April 28, 2013, the total amount of BTC that had been mined was about 11.18 million pieces, which is more than 53% of the total amount of BTC of 21 million pieces. The halving mechanism of BTC also accelerated the marginal decline of BTC total growth rate. Compared with the amount of BTC already mined, the new supply of BTC is very insignificant. In addition, the volatility of BTC prices far exceeds the volatility of BTC's total output, and the market value of BTC fluctuates with its price.
The market value of BTC has increased in trend. Because of the trend of BTC price-rising, the number of BTC total output has also increased in one direction, and the market value of BTC has increased in the long run. According to CMC data, on April 28, 2013, BTC's market value in circulation was only 1.5 billion US dollars. By the peak of the third price-rising cycle, the market value increased to 326.1 billion US dollars, and the current market value also reached 113.8 billion US dollars, increased by 74.87 times.
The price volatility of BTC is gradually getting smaller. With the increasing of BTC market value in trend, the BTC market is becoming more and more mature, more and more accepted by the public, more and more professional organizations are participating, the compliance operation is becoming mainstream, and the BTC price volatility is decreasing. Similar to the historical process of other asset classes, and the same thing is repeated again and again. In the first price cycle, the price of BTC increased by 10636 times, and the fell by 93.76% maximum. In the second price cycle, the price of BTC increased by 623 times, and fell by 83.93% maximum. In the third price cycle, the maximum increase of BTC price was 98.57 times, and the biggest decline has not been confirmed

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4.3 BTC-led innovation continues to evolve and is more and more recognized by the mainstream
From BTC to Altcoin, from Altcoin to Crowdsale, there are iconic innovations and applications in every price cycle. In the first cycle, the birth and gradual application of BTC was a landmark event. In the second cycle, with the re-emergence of BTC in 2013, the tide of the Altcoins was rampant, and a large number of Altcoins appeared. In the third cycle, Crowdsale began to be popular around the world, many websites started to provide Crowdsale's news and discussion forum. Since 2017, Crowdsale has dominated the blockchain investment, far exceeding VCs and corporate investment.
The original intention of Nakamoto to create BTC is to establish a more efficient means of trading that can be electronically transferred in a safe, verifiable and non-tamperable form. During the early days of bitcoin and blockchain development, this drove the development of most applications of BTC and blockchain. However, with the development of blockchain technology, the evolution of digital token, the recognition of practitioners, and the evolution of government regulation, the changes led by BTC continue to evolve and gain more mainstream recognition.
More and more countries recognize that the blockchain reflects its unique value in many fields. The government has gradually incorporated digital token into regulation, and mainstream institutions are increasingly recognizing BTC. In 2017, the Chicago Mercantile Exchange (CME) officially launched BTC futures, as BTC took an important step toward mainstream investment, improving the accessibility of BTC to traditional financial institutions. In March 2017, Cameron's Cliveworth and Taylor W. Crawworth brothers attempted to submit an application to the US Securities and Exchange Commission for BTC ETF (transactional open-ended index fund). Although on September 22, 2018, US Securities and Exchange Commission rejected nine BTC ETF applications, the approval of BTC ETF application is a high probability event in the long run. With the continuous improvement of related infrastructure and the gradual maturity of the market, the pace of institutional entry has shown signs of acceleration. Since the end of 2018, news about the organization of encrypted assets by mainstream institutions has continued.

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5 The new journey of BTC will Start in May 2019
The fourth price-rising cycle of BTC will start in May 2019, and mainstream institutions will enter the market, while ETF may become the core trend of the fourth round of BTC price cycle.
From the perspective of supply, the third halving of BTC begins around May 21, 2020. The price-rising cycle of BTC is closely related to its halving period. The price-rising cycle starts about one year before halving. From this perspective, the BTC price-rising cycle may be opened around May 2019.

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From the time dimension, the complete BTC price cycle lasts for about four years. The third round of the price cycle, which started in August 2015, will be completed around August 2019, and the fourth round of the price cycle of BTC will begin thereafter. Considering that the data in the second round of the price cycle is more reliable, only the second round of price cycle data is used as the measurement standard, the complete price cycle is 1377 days, about 3 years and 9 months, and the third round price cycle may end around May 2019.
Combined with the previous two BTC price cycles, the downturn phase of the current price cycle has been probably more than half, and further downside space is limited. In the first two rounds of the price cycle, the duration of the downlink phase is less than the duration of the uplink phase. The duration of the third phase of the price cycle has been confirmed (845 days), while the duration of the downturn phase has been more than half of the upstream phase (450 days). From the first two rounds of the price cycle, the rapid decline in prices occurred in the early stage of the downtrend phase. The price fluctuations of BTC in the second half of the downturn phase have been significantly reduced. The BTC price declines reached 61% in the first half and 74% in the second round of the price cycle, and the corresponding maximum declines in BTC were 94% and 84% respectively. In the current round of the price cycle, the biggest drop has reached 84%, so take it from now, even if the price is further down, the downside space is already limited.
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Note: The data of the third round of the price cycle and the total duration are up to March 12, 2019.
From the price dimension, the downside space of the current round of BTC prices is limited, and the maximum increase of BTC's fourth price-rising cycle will become smaller. In the first price cycle, the price of BTC increased by 10636 times, and fell by 93.76% maximum. In the second price cycle, the price of BTC increased by 623 times, and fell by 83.93% maximum. In the third price cycle, the maximum increase of BTC price was 98.57 times, and the biggest decline has not been confirmed. On February 6, 2018, BTC fell to a minimum of 3,191.30 US dollars per piece, drop by 84.07%, has reached the low of second round of price cycle, from the perspective of price adjustment, BTC price downside has been more limited. The maximum increase in the fourth price-rising cycle of BTC will be smaller.
From the perspective of risk, after a year of continuous adjustment, BTC prices have fully fallen, risks have been gradually released, and investor’s risk appetite has risen to create favorable conditions for BTC prices to stabilize. Beginning at the end of December 2018, the VIX index has fallen, and now it has reached 15 or below. The investor's risk appetite has gradually picked up, creating favorable conditions for the BTC price to rise stably.
Last but not least, from the perspective of capital, the mainstream institutions accelerated their entry and many positive signals were released. With the continuous improvement of related infrastructure and the gradual maturity of the market, the pace of institutional entry has shown signs of acceleration. Since 2018, on the one hand, the entry of mainstream institutions can bring incremental funds to the entire market, on the other hand, it also contributes to the formal development of the entire industry.
The value of the BTC's market value in circulation continues to increase, and the digital token embraces regulation. It is expected that the ETF will be the core trend in the fourth price cycle. As the value of the BTC and digital token market increases, their use will be more tied-up to legitimate use than illegal activities. According to the US Drug Enforcement Administration (DEA) data, only 10% of the current BTC transactions is related to illegal activities and 90% is used for legal transactions. BTC's increasingly large market value requires more financial support. Digital token will embrace supervision to absorb more funds, and ETF will be a viable solution. In the future, there is going to be an evolution from Crowdsale to ETF, from regulation to embrace supervision.
Note:
Although in this report, we try to predict the bottom and time of Token, especially BTC, by using time and space cycle, we would like to tell investors that it is very dangerous to invest basing on a specific dot and time. An investment shall base on the assessment of the value of the token.
Here are our suggestions: 1. Do not try to predict the market. Mistakes are liable to happen when you try to predict market harshly. 2. Feel the cycle. Cycle is always there, because of the constant human nature;3. Be with a good Token, which will bring you more chance to win. 4.Keep valuation in mind. The most important thing in value investing is to keep the valuation in mind. If the price is reasonable, everything is getable. The key is the difference between price and value (Absolute valuation method is not available with Token because of its specialty. However, a relative valuation method can be applied. Please refer to Token Toll’s report series).
Notions:
For some reasons, some definition in this report are not very defined, such as: Token, Digital Token, Digital Currency, Currency, Crowdsale, etc.
If you have any questions, be free to call us to discuss with us.

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