Bitcoin Price Predictions - Future Bitcoin Value for 2020 ...

How do I interpret and read order books on trading sites? Bittrex for example. How can I read charts and know when to buy and sell? What about looking at coin price vs volume vs market cap and use that to determine a coins potential? /r/Bitcoin

How do I interpret and read order books on trading sites? Bittrex for example. How can I read charts and know when to buy and sell? What about looking at coin price vs volume vs market cap and use that to determine a coins potential? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The Four Horsemen - Signs of Incoming Crashes, and things.

Hey y'all! I'm going to keep this brief, but I was asked by Mr. October to post this, since I briefly described this on a discord we're both in. I do a ton of market analysis, mostly on alternative data, so I don't have cool superpowers potentially, but I do fancy myself a good trendspotter.
I wanted to share what I call my Four Horseman metric in brief, and I will fill it in more later when I get back/free from the clutches of homework.
The Four Horsemen:
  1. Rapid plunge in BTC/USD - This is an interesting metric, and makes sense if you understand that BTC has evolved from a hedge to a speculation play, which is why it arguably moves in lockstep with SPY most days. However, an interesting property I and many others have noticed is BTC seems to be a leading indicator of market movements, and rapid climbs/plunges tend to signal an incoming correction. See the chart on September 2nd, 2020 for an example.
  2. NOPE_MAD >= 3 End of Day: NOPE, or Net Option Pricing Effect, in principle looks at how dominant options flow trading volume is on the market compared to the more conventional shares volume. When the NOPE_MAD (median absolute deviation) compared to the previous 30 days is 3 deviations higher than normal, this means a red day the next day about 88% of the time (backtested to Mar 2019). You can check NOPE_MAD intraday here - (the URL changes per day, so tomorrow will be 2020-10-14)
  3. The VIX rising with SPY - This usually is part of the parabolic phase, and means a metric fuck ton of calls are being written, which is pushing up option prices across the board. Usually VIX is a measure of downies-volatility, so when it and SPY both go up, it's a Very Bad Thing. Also see September 2nd, 2020.
  4. Small Tech/Caps Leading Big Tech/Caps - This is a more interesting metric, and only makes sense when you understand what causes a Minsky Moment style correction (irrational exuberance). In a stable market, big caps tend to act as a source of strength/safe harbor, and when small caps are leading, this tends to signal intense bull mania, which usually precedes a correction.
Honorable Mentions:
  1. Microsoft going up parabolically - Microsoft is our favorite boomer stock for a reason - it is much more stable than AMZN or AAPL, and doesn't like large movements. I noticed anecdotally this year that right before all the big tech corrections (3-5 days out) MSFT goes up exponentially, often more than the rest of the market, because smart money is looking for safe harbor.
I'd be happy to answer any questions later!

Edit: Wanted to add some stuff given the comments below.
  1. I did not write this to predict a crash based on today's behavior, but to generally inform about a metric I use to detect Minsky Moment style crashes. For more info on that -
  2. Lots of these indicators are new, and due in large part due to the relative fuckiness of the current market. Bitcoin and SPY did not track until this year, and I only noticed the Microsoft effect I mentioned since about 6/5 onwards. This likely also happens in other boomesafe stocks, but MSFT is by far my largest active trading position, hence why I noticed it.
  3. I will be adding a post soon specifically dedicated to the interpretation of NOPE and NOPE_MAD.
submitted by the_lilypad to thecorporation [link] [comments]

The Reddit Bake-Off, Reddit-wide tokenization, and where NANO fits in the future of digital exchange.

I first learned about Bitcoin from a person I met at an interview in late 2017. My primary interest was Bitcoin, but at the time I saw how much profit early Ethereum adopters yielded and I envied them for finding such a successful project in its early stages. My first investment in cryptocurrency was Litecoin. I was attracted to the fact that, although it was essentially the same as Bitcoin, it was faster and slightly less expensive. I dove in and I got rekt.
As time went on I began to do research on different coins. I found Binance and started exploring alts. I'd look at the Binance chart, pick a coin, Google it, read their whitepaper (since I didn't understand the code, eventually I just judged a whitepaper by its aesthetic), and ultimately I would end up on their subreddit. That's how I found CryptoCurrency.
At some point in my journey, a new wave of confidence entered the market. People started talking in the Daily about a new coin that appeared on some weird exchange whose named I had never heard. They said it was instant and free and that it was the absolute epitome of what Bitcoin was meant to be.
Countless users suggested this coin would absorb the entire market cap of Bitcoin.
Its name was strange, RaiBlocks (XRB). I had bought in around $20 at the time the price went from $0-38 in a couple of weeks. Everyone was enthusiastic about the bull run, but it was the technology and its potential for worldwide application that people were excited about most.
Welp, some bad press and a couple of years later and we are now in the depths of obscurity and any mention of NANO in the Daily on CryptoCurrency, the same sub that birthed its popularity in the first place, is chastised. I sadly watched as NANO lost its clout and with it its price. Eventually, BrainBlocks died, which was my favorite project of all, and I exited completely. I even removed NANO from my watchlists because I knew if I saw it I would buy back in.
NANO fell off my radar entirely for about 4 months while I dove head first into DeFi. However, last night I saw the charts looking favorable for a breakout, so I re-entered. Then today as Bitcoin pumped and every other alt dumped, NANO miraculously jumped. I figured the trading bots still oddly tie NANO to Bitcoin and after seeing NANO as the only successful coin in a sea of red, I came back. I also thought maybe the developers knew something we didn't, and the price was increasing before something big was about to happen, but that's just wishful thinking.
Right now, the most exciting corner of the cryptocurrency space is far and away the fact that Reddit is now heavily involved in the future of cryptocurrency integration:
  1. The Great Reddit Scaling Bake-Off is a competition hosted by Reddit to help scale Ethereum well enough to efficiently manage the complete tokenization of Reddit.
  2. As an experiment, Reddit has begun given tokens to posters/commenters at two subreddits for upvoted content: Moons and Bricks at CryptoCurrency and FortNiteBR, respectively.
A user was even able to bridge Moons and Bricks to equivalent tokens on the xDai Network (xMOON and xBRICK), and are literally tradable. For example, I earned 425 moons last month and I bridged them to xMOON and traded them for ETH on Honeyswap. I earned ERC-20 tokens from Reddit, bridged them to another network, and sold them. This, ladies and gentlemen, is not only the beginning of the tokenization of Reddit. This is going to be the beginning of tokenization of everything.
NANO is faster and feeless. An infinite number of blockchains can be created on the block lattice. A community member even generated a Moons to NANO converter, right?
My question is: Is it possible for NANO to bridge ERC-20 and ERC-677 tokens from the Ethereum network to NANO sidechain equivalents. Fore example, NANOETH, NANOLINK, etc.? Why can't NANO participate in the Bake-Off and develop a protocol that bridges NANO and other tokens via sidechains? Is it possible to create a token for every single subreddit and have them run simultaneosly the NANO network? Why isn't NANO in the discussion for this and why haven't we entered the Bake-Off? Is this not the best use case for NANO and the best place to implement the protocol?
To be quite honest, I am back because I think NANO will succeed in some way and I imagine the developers have a plan for marketing with the next hype wave in cryptocurrency. However, if that is not the case, then this project is missing a serious opportunity to become a part of perhaps the single most important incoming disruptor in the cryptocurrency space and economics, err, soon-to-be tokenomics of our society.
People once thought this coin would absorb the entire market cap of Bitcoin, but it's been 3 years and other projects have gained traction and now the spotlight is on Ethereum. Yes, there will never be another coin as fast or as free as NANO, but there needs to actually be use for it for it to become valuable and have a place in the future.
Thanks for reading!
tl;dr - Reddit is tokenizing all subreddits and is actively hosting a competition in order to try to find the solution to Ethereum scaling, called the Bake-Off. I want to know if it is possible for NANO to participate in the Reddit Bake-Off and use its protocol to tokenize Reddit.
submitted by fatal_music to nanocurrency [link] [comments]

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
Means do your own research.
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
Fear of missing out.
A system is frictionless when there are zero transaction costs or trading retraints.
Fear, Uncertainty and Doubt regarding the crypto market.
A fee paid to run transactions, dapps and smart contracts on Ethereum.
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
Know your customer(alternatively consumer).
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
Return on investment.
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”

The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
The ability of a cryptocurrency to contain the massive use of its Blockchain.
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Coin with little potential or future prospects.
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
When a crypto currency appreciates or goes up in price.
The opposite of mooning. When a coin tanks it can also be described as crashing.
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

[Daily Discussion] Thursday, October 3rd

Welcome to the /xmrtrader daily discussion thread!
Thread topics include, but are not limited to:
Thread Guidelines
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Lines of Navigation | Monthly Portfolio Update - July 202

Our little systems have their day;
They have their day and cease to be
- Tennyson, In Memoriam A.H.H.
This is my forty-fourth portfolio update. I complete this update monthly to check my progress against my goal.
Portfolio goal
My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).
This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.
Portfolio summary
Total portfolio value: $1 800 119 (+$34 376 or 1.9%)
Asset allocation
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
The portfolio has substantially increased this month, continuing the recovery in portfolio value since March.
The strong portfolio growth of over $34 000, or 1.9 per cent, returns the value of the portfolio close to that achieved at the end of February this year.
This month there was minimal movement in the value of Australian and global equity holdings, There was, however, a significant lift of around 6 per cent in the value of gold exchange traded fund units, as well as a rise in the value of Bitcoin holdings.
These movements have pushed the value of gold holdings to their highest level so far on the entire journey. Their total value has approximately doubled since the original major purchases across 2009 to 2015.
For most of the past year gold has functioned as a portfolio stabiliser, having a negative correlation to movements in Australian equities (of around -0.3 to -0.4). As low and negative bond rates spread across the world, however, the opportunity cost of holding gold is reduced, and its potential diversification benefits loom larger.
The fixed income holdings of the portfolio also continued to fall beneath the target allocation, making this question of what represents a defensive (or negatively correlated to equity) asset far from academic.
This steady fall is a function of the slow maturing of Ratesetter loans, which were largely made between 2015 and 2017. Ratesetter has recently advised of important changes to its market operation, and placed a fixed maximum cap on new loan rates. By replacing market set rates with maximum rates, the peer-to-peer lending platform appears to be shifting to more of a 'intermediated' role in which higher past returns (of around 8 to 9 per cent) will now no longer be possible.
The expanding value of gold and Bitcoin holdings since January last year have actually had the practical effect of driving new investments into equities, since effectively for each dollar of appreciation, for example, my target allocation to equities rises by seven dollars.
Consistent with this, investments this month have been in the Vanguard international shares exchange-traded fund (VGS) using Selfwealth. This has been directed to bring my actual asset allocation more closely in line with the target split between Australian and global shares.
Fathoming out: franking credits and portfolio distributions
Earlier last month I released a summary of portfolio income over the past half year. This, like all before it, noted that the summary was prepared on a purely 'cash' basis, reflecting dividends actually paid into a bank account, and excluding consideration of franking credits.
Franking credits are credits for company tax paid at the company level, which can be passed to individual shareholders, reducing their personal tax liability. They are not cash, but for a personal investor with tax liabilities they can have equivalent value. This means that comparing equity returns to other investments without factoring these credits can produce a distorted picture of an investor's final after-tax return.
In past portfolio summaries I have noted an estimate for franking credits in footnotes, but updating the value for this recently resulted in a curiosity about the overall significance of this neglected element of my equity returns.
This neglect resulted from my perception earlier in the journey that they represented a marginal and abstract factor, which could effectively be assumed away for the sake of simplicity in reporting.
This is not a wholly unfair view, in the sense that income physically received and able to be spent is something definably different in kind than a notional 'pre-payment' credit for future tax costs. Yet, as the saying goes, because the prospect of personal tax is as certain as extinction from this world, in some senses a credit of this kind can be as valuable as a cash distribution.
Restoring the record: trends and drivers of franking credits
To collect a more accurate picture of the trends and drivers of franking credits I relied on a few sources - tax statements, records and the automatic franking credit estimates that the portfolio tracking site Sharesight generates.
The chart below sets out both the level and major different sources of franking credits received over the past eleven years.
From this chart some observations can be made.
The key reason for the rapid growth over the recent decade has been the increased investment holdings in Australian equities. As part of the deliberate rebalancing towards Australian shares across the past two years, these holdings have expanded.
The chart below sets out the total value of Australian shares held over the comparable period.
As an example, at the beginning of this record Australian equities valued at around $276 000 were held. Three years later, the holding were nearly three times larger.
The phase of consistently increasing the Australian equities holding to meet its allocated weighting is largely complete. This means that the period of rapid growth seen in the past few years is unlikely to repeat. Rather, growth will revert to be in proportion to total portfolio growth.
Close to cross-over: the credit card records
One of the most powerful initial motivators to reach financial independence was the concept of the 'cross over' point in Vicki Robins and Joe Dominguez's Your Money or Your Life. This was the point at which monthly expenses are exceeded by investment income.
One of the metrics I have traced is this 'cross-over' point in relation to recorded credit card expenses. And this point is now close indeed.
Expenditures on the credit card have continued their downward trajectory across the past month. The three year rolling average of monthly credit card spending remains at its lowest point over the period of the journey. Distributions on the same basis now meet over 99 per cent of card expenses - with the gap now the equivalent of less than $50 per month.
The period since April of the achievement of a notional and contingent form of financial independence has continued.
The below chart illustrates this temporary state, setting out the the extent to which to which portfolio distributions (red) cover estimated total expenses (green), measured month to month.
An alternative way to view the same data is to examine the degree to which total expenses (i.e. fixed payments not made on credit card added to monthly credit card expenses) are met by distributions received.
An updated version of this is seen in the chart below.
Interestingly, on a trend basis, this currently identifies a 'crossing over' point of trend distributions fully meeting total expenditure from around November 2019. This is not conclusive, however, as the trend curve is sensitive to the unusual COVID-19 related observations of the first half of this year, and could easily shift further downward if normal expense patterns resume.
One issue this analysis raises is what to do with the 'credit card purchases' measure reported below. This measure is designed to provide a stylised benchmark of how close the current portfolio is to a target of generating the income required to meet an annual average credit card expenditure of $71 000.
The problem with this is that continued falling credit card spending means that average credit card spending is lower than that benchmark for all time horizons - measured as three and four year averages, or in fact taken as a whole since 2013. So the set benchmark may, if anything, be understating actual progress compared the graphs and data above by not reflecting changing spending levels.
In the past I have addressed this trend by reducing the benchmark. Over coming months, or perhaps at the end of the year, I will need to revisit both the meaning, and method, of setting this measure.
Progress against the objective, and the additional measures I have reached is set out below.
Measure Portfolio All Assets
Portfolio objective – $2 180 000 (or $87 000 pa) 82.6% 111.5%
Credit card purchases – $71 000 pa 100.7% 136.0%
Total expenses – $89 000 pa 80.7% 109.0%
One of the most challenging aspects of closing in on a fixed numerical target for financial independence with risk assets still in place is that the updrafts and downdrafts of market movements can push the goal further away, or surprisingly close.
There have been long period of the journey where the total value of portfolio has barely grown, despite regular investments being made. As an example, the portfolio ended 2018 lower than it started the year. The past six months have been another such period. This can create a sense of treading water.
Yet amidst the economic devastation affecting real lives and businesses, this is an extremely fortunate position to be in. Australia and the globe are set to experience an economic contraction far more severe than the Global Financial Crisis, with a lesser capacity than previously for interest rates to cushion the impact. Despite similar measures being adopted by governments to address the downturn, it is not clear whether these are fit for purpose.
Asset allocation in this environment - of being almost suspended between two realities - is a difficult problem. The history of markets can tell us that just when assets seem most 'broken', they can produce outsized returns. Yet the problem remains that far from being surrounded by broken markets, the proliferation appears to be in bubble-like conditions.
This recent podcast discussion with the founder of Grant's Interest Rate Observer provided a useful historical context to current financial conditions this month. One of the themes of the conversation was 'thinking the unthinkable', such as a return of inflation. Similar, this Hoover Institute video discussion, with a 'Back from the future' premise, provides some entertaining, informed and insightful views on the surprising and contingent nature of what we know to be true.
Some of our little systems may well have had their day, but what could replace them remains obscured to any observer.
The post, links and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

The Next Crypto Wave: The Rise of Stablecoins and its Entry to the U.S. Dollar Market

Author: Christian Hsieh, CEO of Tokenomy
This paper examines some explanations for the continual global market demand for the U.S. dollar, the rise of stablecoins, and the utility and opportunities that crypto dollars can offer to both the cryptocurrency and traditional markets.
The U.S. dollar, dominant in world trade since the establishment of the 1944 Bretton Woods System, is unequivocally the world’s most demanded reserve currency. Today, more than 61% of foreign bank reserves and nearly 40% of the entire world’s debt is denominated in U.S. dollars1.
However, there is a massive supply and demand imbalance in the U.S. dollar market. On the supply side, central banks throughout the world have implemented more than a decade-long accommodative monetary policy since the 2008 global financial crisis. The COVID-19 pandemic further exacerbated the need for central banks to provide necessary liquidity and keep staggering economies moving. While the Federal Reserve leads the effort of “money printing” and stimulus programs, the current money supply still cannot meet the constant high demand for the U.S. dollar2. Let us review some of the reasons for this constant dollar demand from a few economic fundamentals.

Demand for U.S. Dollars

Firstly, most of the world’s trade is denominated in U.S. dollars. Chief Economist of the IMF, Gita Gopinath, has compiled data reflecting that the U.S. dollar’s share of invoicing was 4.7 times larger than America’s share of the value of imports, and 3.1 times its share of world exports3. The U.S. dollar is the dominant “invoicing currency” in most developing countries4.
This U.S. dollar preference also directly impacts the world’s debt. According to the Bank of International Settlements, there is over $67 trillion in U.S. dollar denominated debt globally, and borrowing outside of the U.S. accounted for $12.5 trillion in Q1 20205. There is an immense demand for U.S. dollars every year just to service these dollar debts. The annual U.S. dollar buying demand is easily over $1 trillion assuming the borrowing cost is at 1.5% (1 year LIBOR + 1%) per year, a conservative estimate.
Secondly, since the U.S. has a much stronger economy compared to its global peers, a higher return on investments draws U.S. dollar demand from everywhere in the world, to invest in companies both in the public and private markets. The U.S. hosts the largest stock markets in the world with more than $33 trillion in public market capitalization (combined both NYSE and NASDAQ)6. For the private market, North America’s total share is well over 60% of the $6.5 trillion global assets under management across private equity, real assets, and private debt investments7. The demand for higher quality investments extends to the fixed income market as well. As countries like Japan and Switzerland currently have negative-yielding interest rates8, fixed income investors’ quest for yield in the developed economies leads them back to the U.S. debt market. As of July 2020, there are $15 trillion worth of negative-yielding debt securities globally (see chart). In comparison, the positive, low-yielding U.S. debt remains a sound fixed income strategy for conservative investors in uncertain market conditions.

Source: Bloomberg
Last, but not least, there are many developing economies experiencing failing monetary policies, where hyperinflation has become a real national disaster. A classic example is Venezuela, where the currency Bolivar became practically worthless as the inflation rate skyrocketed to 10,000,000% in 20199. The recent Beirut port explosion in Lebanon caused a sudden economic meltdown and compounded its already troubled financial market, where inflation has soared to over 112% year on year10. For citizens living in unstable regions such as these, the only reliable store of value is the U.S. dollar. According to the Chainalysis 2020 Geography of Cryptocurrency Report, Venezuela has become one of the most active cryptocurrency trading countries11. The demand for cryptocurrency surges as a flight to safety mentality drives Venezuelans to acquire U.S. dollars to preserve savings that they might otherwise lose. The growth for cryptocurrency activities in those regions is fueled by these desperate citizens using cryptocurrencies as rails to access the U.S. dollar, on top of acquiring actual Bitcoin or other underlying crypto assets.

The Rise of Crypto Dollars

Due to the highly volatile nature of cryptocurrencies, USD stablecoin, a crypto-powered blockchain token that pegs its value to the U.S. dollar, was introduced to provide stable dollar exposure in the crypto trading sphere. Tether is the first of its kind. Issued in 2014 on the bitcoin blockchain (Omni layer protocol), under the token symbol USDT, it attempts to provide crypto traders with a stable settlement currency while they trade in and out of various crypto assets. The reason behind the stablecoin creation was to address the inefficient and burdensome aspects of having to move fiat U.S. dollars between the legacy banking system and crypto exchanges. Because one USDT is theoretically backed by one U.S. dollar, traders can use USDT to trade and settle to fiat dollars. It was not until 2017 that the majority of traders seemed to realize Tether’s intended utility and started using it widely. As of April 2019, USDT trading volume started exceeding the trading volume of bitcoina12, and it now dominates the crypto trading sphere with over $50 billion average daily trading volume13.
An interesting aspect of USDT is that although the claimed 1:1 backing with U.S. dollar collateral is in question, and the Tether company is in reality running fractional reserves through a loose offshore corporate structure, Tether’s trading volume and adoption continues to grow rapidly14. Perhaps in comparison to fiat U.S. dollars, which is not really backed by anything, Tether still has cash equivalents in reserves and crypto traders favor its liquidity and convenience over its lack of legitimacy. For those who are concerned about Tether’s solvency, they can now purchase credit default swaps for downside protection15. On the other hand, USDC, the more compliant contender, takes a distant second spot with total coin circulation of $1.8 billion, versus USDT at $14.5 billion (at the time of publication). It is still too early to tell who is the ultimate leader in the stablecoin arena, as more and more stablecoins are launching to offer various functions and supporting mechanisms. There are three main categories of stablecoin: fiat-backed, crypto-collateralized, and non-collateralized algorithm based stablecoins. Most of these are still at an experimental phase, and readers can learn more about them here. With the continuous innovation of stablecoin development, the utility stablecoins provide in the overall crypto market will become more apparent.

Institutional Developments

In addition to trade settlement, stablecoins can be applied in many other areas. Cross-border payments and remittances is an inefficient market that desperately needs innovation. In 2020, the average cost of sending money across the world is around 7%16, and it takes days to settle. The World Bank aims to reduce remittance fees to 3% by 2030. With the implementation of blockchain technology, this cost could be further reduced close to zero.
J.P. Morgan, the largest bank in the U.S., has created an Interbank Information Network (IIN) with 416 global Institutions to transform the speed of payment flows through its own JPM Coin, another type of crypto dollar17. Although people argue that JPM Coin is not considered a cryptocurrency as it cannot trade openly on a public blockchain, it is by far the largest scale experiment with all the institutional participants trading within the “permissioned” blockchain. It might be more accurate to refer to it as the use of distributed ledger technology (DLT) instead of “blockchain” in this context. Nevertheless, we should keep in mind that as J.P. Morgan currently moves $6 trillion U.S. dollars per day18, the scale of this experiment would create a considerable impact in the international payment and remittance market if it were successful. Potentially the day will come when regulated crypto exchanges become participants of IIN, and the link between public and private crypto assets can be instantly connected, unlocking greater possibilities in blockchain applications.
Many central banks are also in talks about developing their own central bank digital currency (CBDC). Although this idea was not new, the discussion was brought to the forefront due to Facebook’s aggressive Libra project announcement in June 2019 and the public attention that followed. As of July 2020, at least 36 central banks have published some sort of CBDC framework. While each nation has a slightly different motivation behind its currency digitization initiative, ranging from payment safety, transaction efficiency, easy monetary implementation, or financial inclusion, these central banks are committed to deploying a new digital payment infrastructure. When it comes to the technical architectures, research from BIS indicates that most of the current proofs-of-concept tend to be based upon distributed ledger technology (permissioned blockchain)19.
These institutional experiments are laying an essential foundation for an improved global payment infrastructure, where instant and frictionless cross-border settlements can take place with minimal costs. Of course, the interoperability of private DLT tokens and public blockchain stablecoins has yet to be explored, but the innovation with both public and private blockchain efforts could eventually merge. This was highlighted recently by the Governor of the Bank of England who stated that “stablecoins and CBDC could sit alongside each other20”. One thing for certain is that crypto dollars (or other fiat-linked digital currencies) are going to play a significant role in our future economy.

Future Opportunities

There is never a dull moment in the crypto sector. The industry narratives constantly shift as innovation continues to evolve. Twelve years since its inception, Bitcoin has evolved from an abstract subject to a familiar concept. Its role as a secured, scarce, decentralized digital store of value has continued to gain acceptance, and it is well on its way to becoming an investable asset class as a portfolio hedge against asset price inflation and fiat currency depreciation. Stablecoins have proven to be useful as proxy dollars in the crypto world, similar to how dollars are essential in the traditional world. It is only a matter of time before stablecoins or private digital tokens dominate the cross-border payments and global remittances industry.
There are no shortages of hypes and experiments that draw new participants into the crypto space, such as smart contracts, new blockchains, ICOs, tokenization of things, or the most recent trends on DeFi tokens. These projects highlight the possibilities for a much more robust digital future, but the market also needs time to test and adopt. A reliable digital payment infrastructure must be built first in order to allow these experiments to flourish.
In this paper we examined the historical background and economic reasons for the U.S. dollar’s dominance in the world, and the probable conclusion is that the demand for U.S. dollars will likely continue, especially in the middle of a global pandemic, accompanied by a worldwide economic slowdown. The current monetary system is far from perfect, but there are no better alternatives for replacement at least in the near term. Incremental improvements are being made in both the public and private sectors, and stablecoins have a definite role to play in both the traditional and the new crypto world.
Thank you.

[1] How the US dollar became the world’s reserve currency, Investopedia
[2] The dollar is in high demand, prone to dangerous appreciation, The Economist
[3] Dollar dominance in trade and finance, Gita Gopinath
[4] Global trades dependence on dollars, The Economist & IMF working papers
[5] Total credit to non-bank borrowers by currency of denomination, BIS
[6] Biggest stock exchanges in the world, Business Insider
[7] McKinsey Global Private Market Review 2020, McKinsey & Company
[8] Central banks current interest rates, Global Rates
[9] Venezuela hyperinflation hits 10 million percent, CNBC
[10] Lebanon inflation crisis, Reuters
[11] Venezuela cryptocurrency market, Chainalysis
[12] The most used cryptocurrency isn’t Bitcoin, Bloomberg
[13] Trading volume of all crypto assets,
[14] Tether US dollar peg is no longer credible, Forbes
[15] New crypto derivatives let you bet on (or against) Tether’s solvency, Coindesk
[16] Remittance Price Worldwide, The World Bank
[17] Interbank Information Network, J.P. Morgan
[18] Jamie Dimon interview, CBS News
[19] Rise of the central bank digital currency, BIS
[20] Speech by Andrew Bailey, 3 September 2020, Bank of England
submitted by Tokenomy to tokenomyofficial [link] [comments]

Bitcoin-The easy money was made already?

This was a back-and-forth I had on a message board few months back it must have been a kid I hope, it's easy to look at the history/chart Bitcoin sub-500 then Puff💥 hits 20K
For many impossible hold with price volatility of 20%-30% swings ¯(°_o)/¯ such a long hold years in the making with no guarantee of a prize at the end.
YouTube experts been under fire fact is there's a lot of different theories and expectations on price which is ironic cuz I don't like YouTube experts but one allowed me to buy the 2018 bottom who's actually a financial advisor expert which is his profession I'm soooo very grateful for.
I have almost a religious cult like belief of the potential in Bitcoin at the right price there's a cushion which makes me findorff volatility much better than most good luck if your investing now.
If you were to make it big you would have earned your money I'm earning my money if this hits 200k the market cap on bitcoin I don't know what it is currently but it's over 170 billion a drop in the bucket compared to Fortune 500 companies I believe this will hit 1 trillion market cap
So much growth, potential I took me a while to grasp Bitcoin and what it actually is it's a currency not tied down to any country impossible to counterfeit it's all in the blockchain technology which is fascinating.
I believe we're a year or less away from Bitcoin hitting the 2018 previous high but I do my best not to have any hard expectations on price this is why I suggest you do not watch to much or to many YouTube experts predicting price also technology advances an acceptance at stores don't always equate to price action I've learned that much🤦
I'm a big believer the number we're looking for bitcoin to hit $19,498.63 maybe not exactly lol but it's 2018 previous high till then I expect a lot of volatility when BTC hits the previous watch out a parabolic move very possible. GL
submitted by tmoore711 to Bitcoin [link] [comments]

EWMCI Periodic Update 2020-08-17 [Full Version]

Dear EWMCI Community,
A lot has happened since our last Periodic Update! Most importantly, it seems that cryptocurrency markets have been in a bull run for the past three months... resulting in repeated 52-time-highs across all our indices! There are also some important updates about the EWMCI Ecosystem (see end of this message). But let's start with an overview of our four indices!
EWX-11 Index: Running for 13 weeks now, this index represents the EWMCI "Core-11" cryptocurrencies. Since its inception, the index has appreciated approximately 65% - an impressive short-term record. Looking at the chart, the overall momentum seems to be slowing at this time, indicating that a short-term correction may be in the cards.
Bronze Index: The small cap index has been making repeated 52-week highs since mid-May, 2020. In fact, it is up >220% since early March, 2020 and >380% since August, 2019! In terms of current price movement trends, the momentum seems to be drying up a bit, indicating that a near-term correction may be upon us. If that occurs, there is fairly strong support right around $115-$120, but hopefully the correction will end before reaching those levels.
Silver Index: The mid caps have been rallying since early March, 2020. In addition to being , we are >210% up since March, 2020. Having said that, the question of short-term sustainability arises. Given the current chart behavior, it seems that there was a failed "island reversal" in late July / early August, and now we may be in a somewhat uncharted territory. This means that prices will either revert toward consecutive support levels ($20-$22 and $18, respectively) or we will continue upward from here. The next 2-3 weeks will show!
Gold Index: Our large cap index has seen a major bull run in the past 7 weeks. There are two potential origins of this important move: [a] The ongoing increase in Bitcoin price; and [b] Investors transitioning from low-yielding bonds and stocks to higher-yielding staking coins. Given the magnitude of the recent upswing, the question of near-term sustainability arises. It is very likely that we will see some degree of downward pressure, but there is one big positive - There is now a fairly well defined support level right around $28-$29, going all the way back to mid-February, 2020.
Other Developments: has now officially closed its doors. We would like to thank NLexch for their long-term support and professionalism, and we look to the potential DEX concept proposed by the NLexch leadership. Significant portion of NLexch activities, especially those involving EWX-11 coins, has now transitioned to both and Please continue to support these EWMCI exchange partners.
We are pleased to announce that is now up and running! Powered by Terracoin, is a truly independent, high-quality, reliable platform that provides comprehensive price discovery services for EWMCI "Core-11" coins (and increasingly for other cryptocurrency projects).
Finally, the September EWMCI Index Rebalancing is upon us! Please do not forget to cast your votes for candidate coins... use the following link:
Till next update!
S /
Always remember - Your wallet, your keys, your control, your coins!
submitted by z-forum-guy to EWMCI [link] [comments]

For Trading April 1

For Trading April 1st
A Normal Day?
Late Selloff No Real Features
Today was as close to a normal day as any I’ve seen in the last 6 weeks. Futures were all over the place last night and opened to the downside this morning but before 10:00 we were back on the upside banging against the 2,640 level for the fourth day in a row. Support around 2,575 seems to be present and we rallied off it several times. However, today’s pickup to a slight new high for the week and closing on the low of the day leads me to the conclusion that we are running out of steam. This week’s range is a meager 95 S&P points, and the Friday close of $2,541 may be an important number. If we go no higher and get back into last week’s range (2191 to 2637) we can head back towards the area of a necessary, test of the current bottom (and I use that term with extreme caution). The volume continues to shrink daily, with the absence of the normal “end of quarter” rebalancing trading. Market internals were just okay with NYSE losers with a slight edge and NASDAQ 1:1. Volume was average for an average day, as were treasury prices. Most of the economic numbers are pre-COVID-19 and I think useless. The DJIA was considerably weaker than the market with 25 down and only 5 up. The only big (?) gainer was CAT on the news that the Great Orange might suspend or delay tariff charges, and it was up only $29 DPs. This has become an incredibly hard market to trade since the IV has become so extreme that if you want to trade an SPY position (as I did today) in order to make even a short-term trade the option prices are so absurd as to skew the risk to unreasonable levels. The example today was a simple one. At a price on the SPY around $259.50, the SPY 4/8 240 puts were $3.30…that’s a week from tomorrow, and $20 out of the money, for $3.30.If for any reason, volatility subsides, these thing will lose a major piece of its premium. If you’re right, and it happens fast, great, however, if it takes more than a day or two, to get started, or moves up, even though it’s not what I expect, it just withers away.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 800 members.
SECTORS: Other names in the news: Since it’s late, I’m going right to two of my favorite topics: Today’s Disaster Du Jour was Amarin Corp (AMRN), a biotech that got an unfavorable ruling on patent litigation related to a potential generic version of Vascepa. The company said it will not affect worldwide patent protection. The stock received several downgrades from Oppenheimer, Goldman, and Stifel, and after closing $13.58 yesterday, it opened $4.22 and finished the day $4.00 -9.58 (70.54%)
On the upside we had two winners with Vivus (VVUS) introducing a remote monitoring platform for use when there is Social Distancing. VVUS is a long way down from its highs in the last decade but came to life today and after closing $ .95 yesterday with an open of $4.00 and finished the day $3.60 +2.65 (279%).
But the HOMERUN OF THE DAY goes to SGBX, maker of modular units for easy and quick construction received a MOU from Transcend Onsite Care to use their technology for container-based modules for medical care. After closing on Monday @ $2.06, it opened $3.80, traded $9.74 and closed $9.30 +7.24 (351.46%) before continuing higher in late trading hitting $12.75 and is currently $10.35.
BIOPHARMA: was MIXED with TEVA the big winner @ 8.87 +.36 (4.23%), REGN +13.90 (2.94%), VRTX +6.03 (2.06%) and LABU -1.09 (4.72%), and IBB $106.35 -2.;49 (2.29%),
CANNABIS: This group was MIXED CRON -.69 (10.88%) the biggest loser, while CURLF -.22 (5.3%) and MJ $11.40 -.15 (1.3%).
DEFENSE: was LOWER with RTN -10.23 (7.24%), UTX -4.25 (4.32%), NOC -12.73 (4.06%) and ITA $142.90-4.67 (3.16%).
RETAIL was LOWER with the group down across the board. M -.53 (9.87%), JWN -.69 (4.37%), KSS -1.60 (9.98%), DDS -4.23 (10.27%), WMT -2.00, TGT -3.68 (3.83%), TJX -1.33 (2.8%), RL -4.75 (6.68%), UAA -.51 (5.33%), LULU -6.56 (3.38%), TPR -.27, CPRI -.50 and XRT $29.78 -.24 (.80%).
FAANG and Big Cap: were LOWER with GOOGL +.69, AMZN -25.95, AAPL -4.21, FB -1.20, NFLX +1.04, NVDA -6.09, TSLA +13.37, BABA +.23, BIDU +1.05, BA -5.78, CAT +3.49, DIS -4.30 (4.31%) and XLK $79.48 -2.42 (2.95%).
FINANCIALS were LOWER with GS -7.12 (4.45%), JPM -4.75 (5.08%), BAC -1.07 (4.85%), MS -1.51 (4.33%), C -2.63 (6.57%), PNC -6.37 (6.31%), AIG -1.81 -1.81, TRV -5..59 (5.45%), AXP -6.14 (6.8%) and XLF $20.82 -.59 (2.76%).
OIL, $20.48 +.39. The stocks were MIXED even with the price of Oil trading higher. NBL was the big winner +.58 (10.92%), DNR -.18 (8.5%), and XLE $28.72+.10 (.35%).
METALS, GOLD: $1,596.60 -46.60 After the recent gains, Gold has failed to break through the highs around $1700 and have fallen back. I will reassess and look for a new entry point.
BITCOIN: closed $6475 + 95. We traded in another short range again today and finished mid-range on the day. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.12 +.07 today.
Tomorrow is another day.
submitted by Dashover to options [link] [comments]

Epic Cash AMA Recap with CryptoDiffer Community

CryptoDiffer team Hello, everyone! We are glad to meet here: Max Freeman (@maxfreeman4), Project Lead at Epic Cash Yoga Dude (@Yogadude), PR&Marketing at Epic Cash Xenolink (@Xenolink), Advisor at Epic Cash
Max Freeman Project Lead at Epic Cash Thanks Max, we are excited to be here!
Yoga Dude PR&Marketing at Epic Cash Hello Everyone! Thank you for having us here!
Xenolink Advisor at Epic Cash Thank you to the CryptoDiffer team and CryptoDiffer community for hosting us!
CryptoDiffer team Let`s start from the first introduction question: Q1: Can you introduce yourself to the community? What is your background and how did you join Epic Cash?
Yoga Dude PR&Marketing at Epic Cash
Hello! My background is Marketing and Business Development, I’ve been in crypto since 2011 started with Bitcoin, then Monero in 2014, Ethereum in 2015 and at some point Doge for fun and profit. I joined Epic Cash team in September 2019 handling PR and Marketing.
I saw in Epic Cash what was missing in my previous cryptos — things that were missing in Bitcoin and Monero especially.
Xenolink Advisor at Epic Cash
Hello Cryptodiffer Community, I am not an original co-founder nor am I a developer for the Epic Cash project. I am however a community member that is involved in helping scale this project to higher levels. One of the many beauties of Epic Cash is that every single member in the community has the opportunity to be part of EPIC’s team, it can be from development all the way to content producing. Epic Cash is a community driven project. The true Core Team of Epic Cash is our community. I believe a community that is the Core Team is truly powerful. EPIC Cash has one of the freshest and strongest communities I have seen in quite a while. Which is one of the reasons why I became involved in this project. Epic displayed some of the most self community produced content I have seen in a project. I’m actually a doctor of medicine but in terms of my experience in crypto, I have been involved in the industry since 2012 beginning with mining Litecoin. Since then I have been doing deep dive analysis on different projects, investing, and building a network in crypto that I will utilize to help connect and scale Epic in every way I can. To give some credit to those people in my network that have been a part of helping give Epic exposure, I would like to give a special thanks to u/Tetsugan and u/Saurabhblr. Tetsugan has been doing a lot of work for the Japanese community to penetrate the Japanese market, and Japan has already developed a growing interest in Epic. Daku Sarabh the owner and creator of Crypto Daku Robinhooders, I would like to thank him and his community for giving us one of our first large AMA’s, which he has supported our project early and given us a free AMA. Many more to thank but can’t be disclosed. Also thank you to all the Epic Community leaders, developers, and Content producers!
Max Freeman Project Lead at Epic Cash
I’m Max Freeman, which stands for “Maximum Freedom for Mankind”. I started working on the ideas that would become Epic in 2018. I fell in love with Bitcoin in 2017 but realized that it needs privacy at the base layer, fungibility, better scalability in order to go to the next level.
CryptoDiffer team
Really interesting backgrounds I must admit, pleasure to see the team that clearly has one vision of the project by being completely decentralized:)
Q2: Can you briefly describe what is Epic Cash in 3–5 sentences? What technology stands behind Epic Cash and why it’s better than the existing one?
Max Freeman Project Lead at Epic Cash
I’d like to highlight the differences between Epic and the two highest-valued privacy coin projects, Monero and Zcash. XMR has always-on privacy like Epic does, but at a cost: Its blockchain is over 20x more data intensive than Epic, which limits its possibilities for scalability. Epic’s blockchain is small and light enough to run a full node on cell phones, something that is in our product road map. ZEC by comparison can’t run on low end devices because of its zero knowledge based approach, and only 1% of transactions are fully private. Epic is simply newer, more advanced technology than prior networks thanks to Mimblewimble
We will also add more algorithms to widen the range of hardware that can participate in mining. For example, cell phones and tablets based around ARM chips. Millions of people can mine Epic that can’t mine Bitcoin, and that will help grow the network rapidly.
There are some great short videos on our YouTube channel
that explain why we believe we have created something truly special here.
Our core architecture derives from Grin, so we are fortunate to benefit on an ongoing basis from their considerable development efforts. We are focused on making our currency truly usable and widely available, beyond a store of value and becoming a true medium of exchange.
Yoga Dude PR&Marketing at Epic Cash
Well we all have our views, but in a nutshell, we offer things that were missing in the previous cryptos. We have sound fiscal emission schedule matching Bitcoin, but we are vastly more private and faster. Our blockchain is lighter than Bitcoin or Monero and our tech is more scalable. Also, we are unique in that we are mineable with CPUs and GPUs as well as ASICs, giving the broadest population the ability to mine Epic Cash. Plus, you can’t forget FUNGIBILITY 🙂 we are big on that — since you can’t have true privacy without fungibility.
Also, please understand, we have HUGE respect to all the cryptos that came before us, we learned a lot from them, and thanks to their mistakes we evolved.
Xenolink Advisor at Epic Cash
To add on, what also makes Epic Cash unique is the ability to decentralize the mining using a tri-algo model of Random X (CPU), Progpow (GPU), and Cuckoo (ASIC) for an ability to do hybrid mining. I believe this is an issue we can see today in Bitcoin having centralized mining and the average user has a costly barrier of entry.
To follow up on this one in my opinion one of the things we adopted that we have seen success for , in example Bitcoin and Monero, is a strong community driven coin. I believe having a community driven coin will provide a more organic atmosphere especially when starting with No ICO, or Premine with a fair distribution model for everyone.
CryptoDiffer team
Q3: What are the major milestones Epic Cash has achieved so far? Maybe you can share with us some exciting plans for future weeks/months?
Yoga Dude PR&Marketing at Epic Cash
Since we went live in September of 2019, we attracted a very large community of users, miners, investors and contributors from across the world. Epic Cash is a very international project with white papers translated into over 30 languages. We are very much a community driven project; this is very evident from our content and the amount of translations in our white papers and in our social media content.
We are constantly working on improving our usability, security and privacy, as well as getting our message and philosophy out into the world to achieve mass adoption. We have a lot of exciting plans for our project, the plan is to make Epic Cash into something that is More than Money.
You can tell I am the Marketing guy since my message is less about the actual tech and more about the usability and use cases for Epic Cash, I think our Team and Community have a great mix of technical, practical, social and fiscal experiences. Since we opened our YouTube channels content for community submissions, we have seen our content translated into Spanish, French, German, Polish, Chinese, Japanese, Arabic, Russian, and other languages
Max Freeman Project Lead at Epic Cash
Our future development roadmap will be published soon and includes 4 tracks:
Core Protocol
Ecosystem Development
Core Protocol
Epic Server 2.9.0 — this release improves the difficulty adjustment and is aimed at making block emission closer to the target 60 seconds, particularly reducing the incidence of extremely short and long blocks — Status: In Development (Testing) Anticipated Release: June 2020
Epic Server 3.0.0 — this completes the rebase to Grin 3.0.0 and serves as the prerequisite to some important functional building blocks for the future of the ecosystem. Specifically, sending via Tor (which eliminates the need to open ports), proof of payment (useful for certain dex applications e.g. Bisq), and our native mobile app. Status: In Development (Testing) Anticipated Release: Fall 2020
Non-Interactive Transactions — this will enhance usability by enabling “fire and forget” send-to-address functionality that users are accustomed to from most cryptocurrencies. Status: Drawing Board Anticipated Release: n/a
Scaling Options — when blocks start becoming full, how will we increase capacity? Two obvious options are increasing the block size, as well as a Lightning Network-style Layer 2 structure. Status: Drawing Board Anticipated Release: n/a
Confidential Assets — Similar to Raven, Tari, and Beam, the ability to create independently tradable assets that ride on the Epic Blockchain. Status: Drawing Board Anticipated Release: n/a
GUI Wallet 2.0 — Restore from seed words and various usability enhancements — Status: Needs Assessment Anticipated Release: Fall 2020
Mobile App — Native mobile experience for iOS and Android. Status: In Development (Testing) Anticipated Release: Winter 2020
Telegram Integration — Anonymous payments over the Telegram network, bot functionality for groups. Status: Drawing Board Anticipated Release: n/a
RandomX on ARM — Our 4th PoW algorithm, this will enable tablets, cell phones, and low power devices such as Raspberry Pi to participate in mining. Status: Needs Assessment Anticipated Release: n/a
The economics of mining Epic are extremely compelling for countries that have free or extremely cheap electricity, since anyone with an ordinary PC can mine. Individual people around the world can simply run the miner and earn meaningful money (imagine Venezuela for example), something that has not been possible since the very early days of Bitcoin.
Ecosystem Development
Atomic Swaps — Connecting Epic to other blockchains in a trustless way, starting with ETH so that Epic can trade on DeFi infrastructure such as Uniswap, Kyber, etc. Status: Drawing Board Anticipated Release: n/a
Xenolink Advisor at Epic Cash
From the Community aspect, we have been further developing our community international reach. We have been seeing an increase in interest from South America, China, Russia, Japan, Italy, and the Philippines. We are working on targeting more countries. We truly aim to be a decentralized project that is open to everyone worldwide.
CryptoDiffer team
Great, thank you for your answers, we now can move to community questions part!
Cryptodiffer Community
You have 3 mining algorithms, the question is: how do they not compete with each other? Is there any benefit of mining on the GPU and CPU if someone is mining on the ASIC?
Max Freeman Project Lead at Epic Cash
The block selection is deterministic, so that every 100 blocks, 60% are for RandomX (CPU), 38% for ProgPow (GPU), and 2% for Cuckoo (ASIC) — the policy is flexible so that we can have as many algorithms with any percentages we want. The goal is to make the most decentralized and resilient network possible, and with that in mind we are excited to work on enabling tablets and cell phones to mine, since that opens it up to millions of people that otherwise can’t take part.
Cryptodiffer Community
To Run a project smoothly, Funding is very important, From where does the Funding/revenue come from?
Xenolink Advisor at Epic Cash
Yes, early on this was realized and in order to scale a project funds are indeed needed. Epic Cash did not start with any funding and no ICO and was organically genesis mined with no pre-mine. Epic cash is also a nonprofit community driven project similar to Monero. There is no profit-driven entity in the picture. To overcome the revenue issue Epic Cash setup a development fund tax that decreases 1% every year until 2028 when Epic Cash reaches singularity with Bitcoin emissions. Currently it is at 7.77%. This will help support the scaling of the project.
Cryptodiffer Community
Hi! In your experience working also with MONERO can you please clarify which are those identified problems that EPIC CASH aims to develop and resolve? What’s the main advantage that EPIC CASH has over MONERO? Thank you!
Yoga Dude PR&Marketing at Epic Cash
First, I must admit that I am still a huge fan and HODLer of Monero. That said:
✅ our blockchain is MUCH lighter than Monero’s
✅ our transaction processing speed is much faster
✅ our address-less blockchain is more private
✅ Epic Cash can be mined with CPU (RandomX) GPU (ProgPow) and Cuckoo, whereas Monero migrated to RandomX and currently only mineable with CPU
Cryptodiffer Community
  1. the feature ‘Cut Through’ deletes old data, how is it decided which data will be deletes, and what are the consequences of it for the platform and therefore the users?
  2. On your website I see links to download Epic wallet and mining software for Linux,Windows and MacOs, I am a user of android, is there a version for me, or does it have a release date?
Max Freeman Project Lead at Epic Cash
  1. This is one of the most exciting features of Mimblewimble, which is its extraordinary ability to compress blockchain data. In Bitcoin, the entire history of a coin must be replayed every time it is spent, and comprehensive details are permanently stored in the blockchain. Epic discards spent transaction inputs and consolidates outputs, storing neither addresses or amounts, only a tiny kernel to allow sender and receiver to prove their transaction.
  2. The Vitex mobile app is great for today, and we have a native mobile app for iOS and Android in the works as well.
Cryptodiffer Community
$EPIC Have total Supply of 21,000,000 EPIC , is there any burning plan? Or Buyback program to maintain $EPIC price in the future?
Who is Epic Biggest competitors?
And what’s makes epic better than competitors?
Xenolink Advisor at Epic Cash
We respect the older generation coins like Bitcoin. But we have learned that the supply economics of Bitcoin is very sound. Until today we can witness how the Bitcoin is being adopted institutionally and by retail. We match the 21 million BTC supply economics because it is an inelastic fixed model which makes the long-term economics very sound. To have an elastic model of burning tokens or printing tokens will not have a solid economic future. Take for example the USD which is an inflating supply. In terms of competitors we look at everyone in crypto with respect and also learn from everyone. If we had to compare to other Mimblewimble tech coins, Grin is an inelastic forever inflating supply which in the long term is not sound economics. Beam however is an inelastic model but is formed as a corporation. The fair distribution is not there because of the permanent revenue model setup for them. Epic Cash a non-profit development tax fund model for scaling purposes that will disappear by 2028’s singularity.
Cryptodiffer Community
What your plans in place for global expansion, are you focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships?
Yoga Dude PR&Marketing at Epic Cash
Since we are a community project, we have many developers, in addition to the core team.
Our plans for Global expansion are simple — we have advocates in different regions addressing their audiences in their native languages. We are growing organically, by explaining our ideology and usability. The idea is to grow beyond needing a fiat bridge for crypto use, but to rather replace fiat with our borderless, private and fungible crypto so people can use it to get goods and services without using banks.
We are not limiting ourselves to one particular demographic — Epic Cash is a valid solution for the gamers, investors, techie and non techie people, and the unbanked.
Cryptodiffer Community
EPIC confidential coin! Did you have any problems with the regulators? And there will be no problems with listing on centralized exchanges?
Xenolink Advisor at Epic Cash
In terms of structure, we are carefully set up to minimize these concerns. Without a company or investors in the picture, and having raised no funds, there is little scope to attack in terms of securities laws. Bitcoin and Ethereum are widely acknowledged as acceptable, and we follow in their well-established footprints in that respect. Centralized exchanges already trade other privacy coins, so we don’t see this as much of an issue either. In general, decentralized p2p exchange options are more interesting than today’s centralized platforms. They are more censorship resistant, secure, and privacy-protecting. As the technology gets better, they should continue to gain market share and that’s why we’re proud to be partnered with Vitex, whose exchange and mobile app work very well.
Cryptodiffer Community
What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment?
Max Freeman Project Lead at Epic Cash
Because our blockchain is so light (only 1.16gb currently, and grows very slowly) it is naturally well suited to become a decentralized mobile money standard because people can run a full node on their phone, guaranteeing the security of their funds. Scalability in Bitcoin requires complicated and compromised workarounds such as Lightning Network and light clients, and these problems are solved in Epic.
With our forthcoming Mobile Mining app, hundreds of millions of cell phones and tablets will be able to easily join the network. People can quickly and cheaply send money to one another, fulfilling the long-envisioned promise of P2P electronic cash.
As an investor, it’s important to ask a few key questions. Bitcoin Standard tokenomics of disinflation and a fixed supply are well proven over a decade now. We follow this model exactly, with a permanently synchronized supply from 2028, and 4 emission halvings from now until then, with our first one in about two weeks. Beyond that, we can apply some simple logical tests. What is more valuable, money that can only be used in some cases (censorable Bitcoin based on a lack of fungibility) or money that can be used universally? (fungible Epic based on always-on privacy by default). Epic is also poised to be a more decentralized and therefore resilient network because of wider participation in mining. Epic is designed to be Bitcoin++ Privacy, Fungibility, Scalability
Cryptodiffer Community
Q1. What are advantages for choosing three mining algorithms RandomX+, ProgPow and CuckAToo31+ ?
Q2. Beam and Grin use MimbleWimble protocol, so what are difference for Epic? All of you will be friends for partners or competitors?
Max Freeman Project Lead at Epic Cash
RandomX and ProgPow are designed to use the entirety of a CPU / GPU’s unique processing capabilities in a way that other types of hardware don’t work as well. You can run RandomX on a GPU but it doesn’t work nearly as well as a much cheaper CPU, for example. Cuckoo is a “memory hard” algorithm that widens the range of companies that can produce the hardware.
Grin and Beam are great projects and we’ve learned a lot from them. We inherited our first codebase from Grin’s excellent Rust design, which is a better language for community participation than C++ that Beam currently uses.
Functionally, Mimblewimble is similar across the 3 coins, with standard Confidential Transactions, CoinJoin, Dandelion++, Schnorr Signatures and other advanced features. Grin is primarily ASIC-targeted, Beam is GPU-targeted, and Epic is multi-hardware.
The biggest differences though are in tokenomics and project structure. Grin has permanent inflation of 60 coins per block with no halvings, which means steady erosion of value over time due to new supply pressure. It also lacks a steady funding model, making future development in jeopardy, particularly as the per coin price falls. Beam has a for-profit model with heavy early inflation and a high developer tax. Epic builds on the strengths of these earlier mimblewimble projects and addresses the parts that could be improved.
Cryptodiffer Community Some privacy coin has scalability issues! How Epic cash will solve scalability issues? Why you choose randomX consensus algorithem?
Xenolink Advisor at Epic Cash
Fungibility means that you can’t distinguish one unit of currency from another, in example Gold. Fungibility has recently become a hot issue as people have been noticing Bitcoins being locked up by exchanges which may of had a nefarious history which are called Tainted Coins. In example coins that have been involved in a hack, darknet market transactions, or even processing coin through a mixer. Today we can already see freshly mined Bitcoins being sold at a premium price to avoid the fungibility problem Bitcoin carries today. Bitcoin can be tracked by chainalysis and is not a fungible cryptocurrency. One of the features that Epic has is privacy with added fungibility, because of Mimblewimble technology, Epic has no addresses recorded and therefore nothing can be tracked by chainalysis. Below I provide a link of an example of what the lack of fungibility is resulting in today with Bitcoin. One of the reasons why we chose the Random X algo. is because of the easy barrier of entry and also to further decentralize the mining. Random X algo can be mined on old computers or laptops. We also have 2 other algos Progpow (GPU), and Cuckoo (ASIC) to create a wider decentralization of mining methods for Epic.
Cryptodiffer Community
I’m a newbie in crypto and blockchain so how will Epic Cash team target and educate people who don’t know about blockchain and crypto?
What is the uniqueness of Epic Cash that cannot be found in other project that´s been released so far ?
Yoga Dude Pr&Marketing at Epic Cash
Actually, while we have our white paper translated into over 30 languages, we are more focused on explaining our uses and advantages rather than cold specs. Our tech is solid, but we not get hung up on pure tech talk which most casual users do not need to or care to understand. As long as our fundamentals and tech are secure and user friendly our primary goal is to educate about use cases and market potential.
The uniqueness of Epic Cash is its amalgamation of “whats good” in other cryptos. We use Mimblewimble for privacy and anonymity. Our blockchain is much lighter than our competitors. We are the only Mimblewimble crypto to use a unique cocktail of mining algorithms allowing to be mined by casual miners with gaming rigs and laptops, while remaining friendly to GPU and CPU farmers.
The “uniqueness” is learning from the mistakes of those who came before us, we evolved and learned, which is why our privacy is better, we are faster, we are fungible, we offer diverse mining and so on. We are the best blend — thats powerful and unique
Cryptodiffer Community
Can you share EPIC’s vision for decentralized finance (DEFI)? What features do EPIC have to support DEFI?
Yoga Dude PR&Marketing at Epic Cash
We view Epic as ideally suited to be the decentralized digital reserve asset of the new Private Internet of Money that’s emerging. At a technology level, atomic swaps can be created to build liquidity bridges so that wrapped Epic tokens (like WBTC, WETH) can trade on other networks as ERC20, BEP2, NEP5, VIP180, Algorand and so on. There is more Bitcoin value locked on Ethereum than in Lightning Network, so we will similarly integrate Epic so that it can trade on networks such as Uniswap, Kyber, and so on.
Longer term, if there is market demand for it, thanks to Scriptless Script functionality our blockchain has, we can build “Confidential Assets” (which Raven, Tari, and Beam are all also working on) that enable people to create tokenized assets in a private way.
Cryptodiffer Community
If you could choose one celebrity to promote Epic-cash, who that would be?
Max Freeman Project Lead at Epic Cash
I am a firm believer that the strength of the project lies in allowing community members to become their own celebrities, if their content is good enough the community will propel them to celebrity status. Organic celebrities with small but loyal following are vastly more beneficial than big name professional shills with inflated but non caring audiences.
I remember the early days of Apple when an enthusiastic dude named Guy Kawasaki became Apple Evangelist, he was literally going around stores that sold Apple and visited user groups and Evangelized his belief in Apple. This guy became a Legend and helped Apple become what it is today.
Epic Cash will have its OWN Celebrities
Cryptodiffer Community
How does $EPIC solve scalability of transactions? Current blockchains face issues with scalability a lot, how does $EPIC creates a solution to it?
Xenolink Advisor at Epic Cash
Epic Cash is utilizing Mimblewimble technology. Besides the privacy & fungibility aspect of the tech. There is the scalability features of it. It is implemented into Epic by transaction cut-through. Which means it allows nodes to remove all intermediate transactions, thus significantly reducing the blockchain size without affecting its validation. Mimblewimble also does not use addresses like a BTC address, and amount of transactions are also not recorded. One problem Monero and Bitcoin are facing now is scalability. It is evident today that data is getting more expensive and that will be a problem in the long run for those coins. Epic is 90% lighter and more scalable compared to Monero and Bitcoin.
Cryptodiffer Community
what are the ways that Epic Cash generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?
Max Freeman Project Lead at Epic Cash
There is a block subsidy of 7.77% that declines 1.11% per year until 0, where it stays after that. As a nonprofit community effort, this extremely modest amount goes much further than in other projects, which often take 20, 30, even 50+ % of the coin supply. We believe that this ongoing funding model best aligns the long term incentives for all participants and balances the compromises between the ends of the centralized/decentralized spectrum of choices that any project must make.
Cryptodiffer Community
Q1 : What are your major goals to archive in the next 3–4 years?
Q2 : What are your plans to expand and gain more adoption?
Yoga Dude Pr&Marketing at Epic Cash
Max already talked about our technical plans and goals in his roadmap. Allow me to talk more about the non technical 😁
We are aiming for broader reach in the non technical more mainstream community — this is a big challenge but we believe it is doable. By offering simpler ways to mine Epic Cash (with smart phones for example), and by doing more education we will achieve the holy grail of crypto — moving past the fiat bridges and getting Epic Cash to be accepted as means of payment for goods and services. We will accomplish this by working with regional advocacy groups, community interaction, off-line promotional activities and diverse social media targeting.
Cryptodiffer Community
It seems to me that EpicCash will have its first Halving, right? Why a halving so soon?
Is a mobile version feasible?
Max Freeman Project Lead at Epic Cash
Our supply emission catches up to that of Bitcoin’s first 19 years after 8 years in Epic, so that requires more frequent halvings. Today’s block emission is 16, next up are 8, 4, 2, and then finally 0.15625. After that, the supply of Epic and that of BTC stay synchronized until maxing out at 21m coins in 2140.
Today we have a mobile wallet through the Vitex app, a native mobile wallet coming, and are working on mobile mining.
Cryptodiffer Community
What markets will you add after that?
Yoga Dude PR&Marketing at Epic Cash
Well, we are aiming to have ALL markets
Epic Cash in its final iteration will be usable by everyone everywhere regardless of their technical expertise. We are not limiting ourselves to the technocrats, one of our main goals is to help the billions of unbanked. We want everyone to be able to mine, buy, and most of all USE Epic Cash — gamers, farmers, soccer moms, students, retirees, everyone really — even bankers (well once we defeat the banking industry)
We will continue building on the multilingual diversity of our global community adding support and advocacy groups in more countries in more languages.
Epic Cash is More than Money and its for Everyone.
Cryptodiffer Community
Almost, all cryptocurrencies are decentralized & no-one knows who owns that cryptocurrencies ! then also, why Privacy is needed? hats the advantages of Private coins?
Max Freeman Project Lead at Epic Cash
With a public transparent blockchain such as Bitcoin, you are permanently posting a detailed history of your money movements open for anyone to see (not just legitimate authorities, either!) — It would be considered crazy to post your credit card or bank statements to Twitter, but that’s what is happening every time you send a transaction that is not private. This excellent video from community contributor Spencer Lambert\_4 explains better than I can.
Privacy is not just for criminals, it’s for everyone. Do you want your landlord to increase the rent when he sees that you get a raise? Your insurance company to raise your healthcare costs because they see you buying too much ice cream? If you’re a business, do you want your employees to see how much money their coworkers make? Do you want your competitors to trace your supplier and customer relationships? Of course not. By privacy being default for everyone, cryptocurrency can be used in a much wider range of situations without unacceptable compromises.
Cryptodiffer Community
What are the main utility and real-life usage of the #EPIC As an investor, why should we invest in the #EPIC project as a long-term investment?
Xenolink Advisor at Epic Cash
Epic Cash can be used as a Private and Fungible store of value, medium of exchange, and unit of account. As Epic Cash grows and becomes adopted it can be compared to how Bitcoin and Monero is used and adopted as well. As Epic is adopted by the masses, it can be accepted as a medium of exchange for store owners and as fungible payments without the worry of having money that is tainted. Epic Cash as a store of value may be a good long term aspect of investment to consider. Epic Cash carries an inelastic fixed supply economic model of 21 million coins. There will be 5 halvings which this month of June will be our first halving of epic. From a block reward of 16 Epic reduced to 8. If we look at BTC’s price action and history of their halvings it has been proven and show that there has been an increase in value due to the scarcity and from halvings a reduction of # of BTC’s mined per block. An inelastic supply model like Bitcoin provides proof of the circulating supply compared to the total supply by the history of it’s Price action which is evident in long term charts since the birth of Bitcoin. EPIC Plans to have 5 halvings before the year 2028 to match the emissions of Bitcoin which we call the singularity event. Below is a chart displaying our halvings model approaching singularity. Once bitcoin and cryptocurrency becomes adopted mainstream, the fungibility problem will be more noticed by the general public. Privacy coins and the features of fungibility/scalability will most likely be sought over. Right now a majority of people believe that all cryptocurrency is fungible. However, that is not true. We can already see Chainalysis confirming that they can trace and track and even for other well-known privacy coins today such as Z-Cash.
Cryptodiffer Community
  1. You aim to reach support from a global community, what are your plans to get spanish speakers involved into Epic Cash? And emerging markets like the african
  2. How am I secure I won’t be affected by receiving tainted money?
Max Freeman Project Lead at Epic Cash
Native speakers from our community are working to raise awareness in key markets such as mining in Argentina and Venezuela for Spanish (Roberto Navarro called Epic “the holy grail of cryptocurrency” and Ethiopia and certain North African countries that have the lowest electricity costs in the world. Remittances between USA and Latin American countries are expensive and slow, so Epic is also perfect for people to send money back home as well.
Cryptodiffer Community
Do EPICs in 2020 focus more on research and coding, or on sales and implementation?
Yoga Dude PR&Marketing at Epic Cash
We will definitely continue to work on research and coding, with emphasis on improved accessibility (especially via smartphones) usability, security and privacy.
In terms of financial infrastructure will continuing to add exchanges both KYC and non KYC.
Big part of our plans is in ongoing Marketing and PR outreach. The idea is to make Epic Cash a viral sensation of sorts. If we can get Epic Cash adopters to spread the word and tell their family, coworkers and friends about Epic Cash — there will be no stopping us and to help that happen we have a growing army of content creators, and supporters.
Everyone with skin in the game gets the benefit of advancing the cause.
Folks also, this isn’t an answer to the question but an example of a real-world Epic Cash content —
a challenge from one of our content creators to beat his 21 pull ups and get 100 epics! This has not been claimed yet — people need to step up 🙂 and to help that I will match another 100 Epic Cash to the first person to beat this
Cryptodiffer Community
I was watching some videos explaining how to send and receive transactions in EpicCash, which consists of ports and sending links, my question is why this is so, which, for now, looks complex?
Let’s talk about the economic model, can EpicCash comply with the concept of value reserve?
Max Freeman Project Lead at Epic Cash
In V3, which is coming later this summer, Epic can be sent over Tor, which eliminates this issue of port opening, even though using tools like, it’s not necessarily as painful as directly configuring the router ports. Early Lightning Network had this issue as well and it’s something we have a plan to address via research into non-interactive transactions. “Fire and Forget” payments to an address, as people are used to in Bitcoin, is coming to Epic and we’re excited to develop functionality that other advanced mimblewimble coins don’t yet have. We are committed to constant improvement in usability and utility, to make our money system the ease of use leader.
We are involved in the project (anyone can join the Freeman Family) because we believe that simply by choosing to use a form of money that better aligns with our ideals, that we can make a positive change in the world. Some of my thoughts about how I got involved are here:
Max Freeman Project Lead at Epic Cash
Huge thanks to our friends Maks and Vladyslav, we welcome everyone to come say hi at one of our friendly communities. It is extremely early in this journey, our market cap is only 0.5m right now, whereas the 3 other mimblewimble coins are at $20m, $30m and $100m respectively. Epic is a historic opportunity to follow in the footsteps of legends such as Bitcoin and Monero, and we hope to become the first Top 5 privacy coin project.
Xenolink Advisor at Epic Cash
Would like to Thank the Cryptodiffer Team and the Cryptodiffer community for hosting us and also engaging with us to learn more about Epic. If anyone else has more questions and wants to know more about EPIC , can find us at our telegram channel at .
Yoga Dude Pr&Marketing at Epic Cash
Thank you, CryptoDiffer Team, and this wonderful Community!!!
Cryptodiffer TEAM
Thank you everyone for taking your time and asking great questions
Thank you for your time, it was an insightful session
Spread the love
submitted by EpicCashFrodo to epiccash [link] [comments]

FAANG Slips again

For Trading MAY 28TH
FAANG Slips Again, Russell Surges ALL 11 S&P Sectors Higher
Today’s market was up after continued strength in the futures and markets around the world and although the DJIA ran well ahead for the first half of the day but by the close the only laggard was the NASDAQ. The DJIA finished +553.16 (2.21%), NASDA +72.14 (.77%), S&P 500 +43.36 (1.48%), the Russell +43.28 (3.11%) and the DJ Transports were +255 (2.86%). The DJIA was 25 up and only 5 down with the biggest winners being GS +92, UNH +60, AXP +48, MMM +41, JPM +38, CAT, BA, and HD all +43 DP’s. Market internals were a bit soft with volume roughly 30% lower than normal and A/D 3:1 on NYSE and NASDAQ >2:1 gainers. The strong sectors were financial, industrials and home builders while the weaker were Information tech (FAANG), communication services, consumer discretionary, and energy. On the news front we had those two do-nothing groups of legislators actually BOTH pass a bill for sanctions against China for violations of human rights. Unfortunately, that leaves the Orange Emperor still in charge of getting the message across to his very best friend and extreme admirer who has continued to promise to execute on Phase 1 of that perfectly marvelous and magnificent Trade seal, the quality and scope of which has never been seen in the history of the world, that the BS he’s pulling in Hong Kong, withs eyes on Taiwan will not be tolerated. Yeah, right!!!
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is Enjoy!!
Tonight’s closing comment video
SECTORS: The news was catch-up yesterday and a solid follow-thru today. I find it increasingly difficult to separate the market from the economy, and that has been to my detriment. The two trades we have on right now should, by all rights work out in our favor. I started the position small and I averaged down in both today. The XRT trade in particular seems to me to have the best potential, although there are some earnings this week, AND I HATE TO PLAY EARNINGS, we are so overbought and extended that I set aside that particular worry. We also took some profits in NEM, and re-entered today about $6 lower.
FOOD SUPPLY: was HIGHER with TSN ++1.10, BGS +1.15, FLO +.09, CAG +.77, MDLZ +.71, KNC +.91, CALM +.73, JJSF +8.45, SAFM +1.56, LANC +7.59, GO -.13, HRL +1.19, and PBJ $31.62 +.87 (2.83%).
BIOPHARMA was MIXED with BIIB +5.59, ABBV-.71, REGN -2.21, ISRG +3.64, GILD +1.42, MYL +.86, TEVA +.57, VRTZ +12.01, BHC +.40, INCY -.46, ICPT -.97, LABU -.10, and IBB $131.80 +.99 (.76%).
CANNABIS: This group was LOWER with TLRY -.26, CGC -.13, CRON +.06, GWPH -5.15, ACB -.31, PYX +.39, NBEV -.06, CURLF -.08, KERN +.27, and MJ $14.25 -.03 (.21%).
DEFENSE: was HIGHER with LMT +=25.98, GD +6.73, TXT +1.43, NOC +16.81, BWXT +2.99, TDY +9.71, RTX +3.13, and ITA $167.19 +7.94 (4.99%).
RETAIL was HIGHER with M +1.73, JWN +3.11, KSS +3.28, DDS +3.05, WMT -1.27, TGT +1.98, TJX +.20, RL -1.16, UAA +.83, LULU +.09, TPR +.65, CPRI +1.60, and XRT $41.64 +1.38 (3.43%).
FAANG and Big Cap: were LOWER after being higher earlier with GOOGL -1.09, AMZN -18.36, AAPL +1.07, FB -5.05, NFLX+5.23, NVDA -8.51, TSLA -4.47, BABA -.72, BIDU -.14, CMG -24.00, CAT +5.54, BA +12.01, DIS +1.47, and XLK $96.94 +.55 (.57%).
FINANCIALS were HIGHER with GS +14.44, JPM +6.32, BAC +1.72, MS +3.39, C +4.53, PNC +7.63, AIG +.52, TRV +3.97, V +.28, and XLF $24.06 +1.00 (4.34%).
OIL, $32.81 -1.54. Oil was unable to make a new high today and after that failure it fell all the way back 31.75 before closing 2/3s down on the range. If we break 30.72 on a closing basis, I think we can work lower. The stocks generally lower and XLE was $40.06 +.51 (1.29%).
METALS, GOLD: $1,710.70 +5.10. After trying to break to new highs Gold failed to follow-thru and opened slightly lower and fell all the way back to trade $1,700 yesterday, and this morning got only worse hitting $1,684 before turning back up and closing up on the day. We bought back 2 lots of NEM roughly $6.00 lower that our sale yesterday.
BITCOIN: closed $9,170 +385. After breaking down from just over 10,000 and trading 8,220 we started back up and traded all the way back, it failed to make a new recovery high. We broke all the way back to trade 8815 today but managed a move to close just over $9000. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $10.50 +.32 today.
Tomorrow is another day.
submitted by Dashover to options [link] [comments]

Why Bitcoin remains a marginal vehicle for store of value (at best) vs. Gold

There is no doubt that times like these necessitate asset diversification.
Some candidates include Bitcoin (“BTC”) and Gold (“XAU”). We have an on-going debate with one of my best friends about Bitcoin.
He is a firm believer in BTC due to (i) the printing of money by central banks, (ii) the lost of faith in governments and (iii) the technological advantage over traditional gold
[Original post with charts: ]
I think of BTC as an electronic version of gold:
Lindy effect – which is most likely to survive?
If you store value, the most important aspect is for the asset class to survive. Made popular by Nicholas Taleb, the Lindy effect states that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy.
Gold has been around for centuries and will be around in the next decades. As with Bitcoin, the currency may be around or could be replaced by a more efficient one (e.g. from transaction perspective). If you consider some of your savings as a means to secure a future for you and your kids then Gold is much more likely to fulfill this objective – although one needs to be reminded that this both asset classes don’t generate any income and as such can be used as diversifiers and potentially partially rotated into more risky assets when the market turns.
Price stability
If we assume that currently the main use for both is the store of value (BTC is only marginally used as transactional currency) then price stability is key. Gold prices are more stable and largely correlated to (i) real rates (ii) strength of USD and (iii) macro outlook. Arguably, Gold is less prone to price manipulation as one of the most traded assets (daily volumes can be as high as the total market cap of BTC).
It goes without saying that BTC can provide you with better returns as it’s more speculative in nature. The purpose of this blog however is to analyse assets from a savings allocation perspective and thus taking into consideration the risk you’re taking.
Insurance against market crash
While both BTC and XAU increased in value along with other risk assets prior to the crisis, the subsequent drop was much more significant for BTC while XAU only experienced marginal losses due to forced liquidations from investors highlighting the speculative nature of BTC.
As such Gold provides a good insurance policy as long as the crash in not excessively severe in nature – in 2008 Gold has initially dropped in value due to liquidations before rallying.
Another potential diversifiers that act as insurance for equity portfolios are government bonds. Treasuries have also experienced some volatility due to liquidations but are different to BTC and XAU as the FED controls the short term maturity asset yields and now even considering controlling the longer end of the curvesimilar to other countries like Japan or Australia
Doom scenario(s)
Both assets have major issues since Gold can’t be easily transported/accessed in case of a major natural disaster and BTC will miserably fail when electricity is down (earthquake, tsunami etc). Electronic Gold suffers from the same shortcoming hence physical gold has an edge here
Possible Near term Prospects
The technology behind BTC is very powerful. I’d also agree that conceptually is the best form of money that has ever been invented. Regarding BTC, in the end my friend and I will probably meet somewhere in the middle . A marginal part of the receivers of US fiscal measures may invest the cash in BTC. I have seen a large group of anti-establishment people on the West Coast while cycling from Vancouver to San Francisco last summer and there is a likelihood that these people will drive the BTC price up in the near term. However, due mainly to the price stability issue and perceived complexity I am yet to see a significant part of population that would allocate a sizeable part of their savings in BTC. And this brings me to my last point – skin in the game. So far, my friend only allocated a small amount of his net worth to BTC…
[As originally posted with charts on ]
submitted by bankeronwheels to Gold [link] [comments]

FAANG Slips Again

For Trading MAY 28TH
FAANG Slips Again, Russell Surges ALL 11 S&P Sectors Higher
Today’s market was up after continued strength in the futures and markets around the world and although the DJIA ran well ahead for the first half of the day but by the close the only laggard was the NASDAQ. The DJIA finished +553.16 (2.21%), NASDA +72.14 (.77%), S&P 500 +43.36 (1.48%), the Russell +43.28 (3.11%) and the DJ Transports were +255 (2.86%). The DJIA was 25 up and only 5 down with the biggest winners being GS +92, UNH +60, AXP +48, MMM +41, JPM +38, CAT, BA, and HD all +43 DP’s. Market internals were a bit soft with volume roughly 30% lower than normal and A/D 3:1 on NYSE and NASDAQ >2:1 gainers. The strong sectors were financial, industrials and home builders while the weaker were Information tech (FAANG), communication services, consumer discretionary, and energy. On the news front we had those two do-nothing groups of legislators actually BOTH pass a bill for sanctions against China for violations of human rights. Unfortunately, that leaves the Orange Emperor still in charge of getting the message across to his very best friend and extreme admirer who has continued to promise to execute on Phase 1 of that perfectly marvelous and magnificent Trade seal, the quality and scope of which has never been seen in the history of the world, that the BS he’s pulling in Hong Kong, withs eyes on Taiwan will not be tolerated. Yeah, right!!!
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is Enjoy!!
Tonight’s closing comment video
SECTORS: The news was catch-up yesterday and a solid follow-thru today. I find it increasingly difficult to separate the market from the economy, and that has been to my detriment. The two trades we have on right now should, by all rights work out in our favor. I started the position small and I averaged down in both today. The XRT trade in particular seems to me to have the best potential, although there are some earnings this week, AND I HATE TO PLAY EARNINGS, we are so overbought and extended that I set aside that particular worry. We also took some profits in NEM, and re-entered today about $6 lower.
FOOD SUPPLY: was HIGHER with TSN ++1.10, BGS +1.15, FLO +.09, CAG +.77, MDLZ +.71, KNC +.91, CALM +.73, JJSF +8.45, SAFM +1.56, LANC +7.59, GO -.13, HRL +1.19, and PBJ $31.62 +.87 (2.83%).
BIOPHARMA was MIXED with BIIB +5.59, ABBV-.71, REGN -2.21, ISRG +3.64, GILD +1.42, MYL +.86, TEVA +.57, VRTZ +12.01, BHC +.40, INCY -.46, ICPT -.97, LABU -.10, and IBB $131.80 +.99 (.76%).
CANNABIS: This group was LOWER with TLRY -.26, CGC -.13, CRON +.06, GWPH -5.15, ACB -.31, PYX +.39, NBEV -.06, CURLF -.08, KERN +.27, and MJ $14.25 -.03 (.21%).
DEFENSE: was HIGHER with LMT +=25.98, GD +6.73, TXT +1.43, NOC +16.81, BWXT +2.99, TDY +9.71, RTX +3.13, and ITA $167.19 +7.94 (4.99%).
RETAIL was HIGHER with M +1.73, JWN +3.11, KSS +3.28, DDS +3.05, WMT -1.27, TGT +1.98, TJX +.20, RL -1.16, UAA +.83, LULU +.09, TPR +.65, CPRI +1.60, and XRT $41.64 +1.38 (3.43%).
FAANG and Big Cap: were LOWER after being higher earlier with GOOGL -1.09, AMZN -18.36, AAPL +1.07, FB -5.05, NFLX+5.23, NVDA -8.51, TSLA -4.47, BABA -.72, BIDU -.14, CMG -24.00, CAT +5.54, BA +12.01, DIS +1.47, and XLK $96.94 +.55 (.57%).
FINANCIALS were HIGHER with GS +14.44, JPM +6.32, BAC +1.72, MS +3.39, C +4.53, PNC +7.63, AIG +.52, TRV +3.97, V +.28, and XLF $24.06 +1.00 (4.34%).
OIL, $32.81 -1.54. Oil was unable to make a new high today and after that failure it fell all the way back 31.75 before closing 2/3s down on the range. If we break 30.72 on a closing basis, I think we can work lower. The stocks generally lower and XLE was $40.06 +.51 (1.29%).
METALS, GOLD: $1,710.70 +5.10. After trying to break to new highs Gold failed to follow-thru and opened slightly lower and fell all the way back to trade $1,700 yesterday, and this morning got only worse hitting $1,684 before turning back up and closing up on the day. We bought back 2 lots of NEM roughly $6.00 lower that our sale yesterday.
BITCOIN: closed $9,170 +385. After breaking down from just over 10,000 and trading 8,220 we started back up and traded all the way back, it failed to make a new recovery high. We broke all the way back to trade 8815 today but managed a move to close just over $9000. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $10.50 +.32 today.
Tomorrow is another day.
submitted by Dashover to OptionsOnly [link] [comments]

For Trading March 20

For Trading March 20th
Another Range Day
Yields Fall
Oil Rebounds
Yesterday I said that “today’s market was actually not as bad as it seemed.” And today while we had a sharp decline early, we rallied back up toward yesterday’s highs, and when the dust settled we were DJIA +188.27 (.95%), NASDAQ +160.74 (2.3%), S&P 500 +11.29 (.47%), the Russell +67.52 (6.81%) and DJ Transports +107.29 (1.54%). Also, yesterday I said “the obvious culprit was the Oil. After the close, the oil bounced and held most of the gains until it had rallied up about 24% and closed $25.91 +5.08 after trading as high as $28.28. Market internals were better with the A/D on NYSE at 3:1, and about the same on NASDAQ. The DJIA was 17 Up, 13 Down, and for the first time in over a week, there were no triple-digit losers or gainers. The biggest movers were MCD +83 and GS +64 on the upside and JNJ -54 DPs. Strong sectors included Energy and consumer discretionary, while the weak included utilities, consumer stables, health care and real estate. The technology and small caps outperformed. The thought that Mr. Trump has the relationship or talent as an arbitrator to settle a dispute between the Kingdom and Putin the thug is unlikely. I also issued a YouTube video (#151) on today’s closing comments:
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: While there is plenty to discuss, I’ll just hit a few high points. All U.S. industries are lining up with their hands out looking for their piece of however many trillions of dollars and favorable legislation they can extract through their state politicians. While I get that nobody in the cruise industry, or the hotel and allied hospitality sectors or any manufacturing business had any fault in COVID-19, at some point in time, they must take responsibility for the cash they squandered on stock buybacks instead retaining earnings for when the business cycle went through a slowdown. I know I’ve railed about this for a while, but Capitalism works because it enforces some degree of fiscal responsibility on the operators of business. And if they fail, they fail. That what the bankruptcy laws are about. If you need a primer on it, just ask the president. If you run a business into the ground, by any means, you lose.
On the rocket to “almost the moon” followed by a crash and burn, we had Blue Apron (APRN) started the week at $2.28 and yesterday it closed $16.25 +9.70, but today after trading $28.84 before collapsing to finish $14.34 -1.91 (11.75%). In case you forgot, this little beauty was reverse split 1:15 last year, so todays close is still under $1.00.
BIOPHARMA: was HIGHER with TEVA the big winner @ $8.10 +1.41 (21.08%) on the news that it is a manufacturer of Hydroxychloroquine Sulfate, a potential treatment for COVID-19 and are donating the tablets to hospitals nationwide. ICPT was +8.80 (18.20%), LABU +2.11 (14.36%) and IBB $99.51 +1.18 (1.2%).
CANNABIS: Even this group had some winners with TLRY +1.16 (46.96%), PYX, yesterday’s biggest loser bounced back to close +.40 (27.59%) and MJ $9.65 +.55 (6.04%).
DEFENSE: was MIXED with LMT -20.14 (6.12%), RTN +6.39, and yesterday’s big loser, TDY +25.06 (12.46%), and ITA $126.19 +2.78 (2.25%).
RETAIL was MIXED with JWN +1.49 (7.54%), DDS +4.78 (12%), and WMT -3.34, RL –3.11, UAA +.94 (10.99%), CPRI +2.40 (31.91%) and XRT $29.27 +1.52 (5.48%).
FAANG and Big Cap: were MOSTLY HIGHER with GOOGL +19.30, AMZN +43.00, AAPL -3.42, FB +3.94, NFLX +18.54, NVDA +7.48, IBM -4.50, TSLA +32.78(9.07%), BABA +1.00, BIDU +5.50, BA -7.08, CAT +1.69, DIS +4.45 and XLK $74.85 +.27 (.36%).
FINANCIALS were MIXED with GS +4.70, JPM -.19, BAC -.04, MS -.14, C +2.57, PNC +4.76, AIG +1.77 (9.42%), TRV +4.38, AXP +1.65, and XLF $19.61 +.42 (2.19%).
OIL, $5.91 +5.08. The stocks were HIGHER with the price of Oil trading as high as 28.28). The oil is slightly higher in extended hours and XLE is $25.61 +1.63 (6.8%).
METALS, GOLD: $1,479.30 +1.40. After the liquidation of the past few day’s gold tried to work higher but gave it up closing barely changed. I still expect a move back toward $1,600 to unfold.
BITCOIN: closed $6240 +900. We broke to the downside overnight and fell to a low of $4390, and for the first time in days did not make a new recent low. Today was a strong move to the upside While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.25 +1.24 today.
Tomorrow is another day.
submitted by Dashover to options [link] [comments]

For Trading March 25th

For Trading March 25th Historic Gain
DJIA + 11.37%
Energy and Gold Explode Higher
Last night I reminded you that were we setting up for a rally even though we had a new closing low -582, and today was that rally. Futures were close to limit up pre-open and we got off to a dramatic start. Gold was +$100, something I had never seen in my 50+ years of trading. The gain in the DJIA was +2112.98 (11.37%), NASDAQ +557.19 (8.12%), S&P 500 +209.93 (9.38%), the Russell +94.14(9.39%) and DJ Transport +829.85 (12.38%). The strongest groups were energy, financials and materials and consumer staples while still up were the weakest. Market internals were positive with NYSE 11:1 and NASDAQ 5.8:1 and while that was impressive, volume was not, being a slower day than we have seen on the downside. DJIA had only 1 stock, VZ on the downside while 9 of the 29 gainers were up triple digits. The top 5 were UNH +175, MCD +168, HD +160, AAPL +152 and BA +150 DP’s. I cannot stress enough that a rally of even 30% on a stock down 70% is nice, but the numbers just don’t work in a meaningful way. If you have a $100 stock, -70% is $30, and a gain of 30% is $9, or $39. That just leaves a little over a 250% move to get back to $100. That should be a sobering thought. And while Mr. Trump may “want” to get America open by Easter (4/12) there is not a scintilla of evidence that could even possibly happen. But you probably knew that. This the link to my closing comment:
We also came into the day with calls on GLD, which had closed yesterday @ $ .32, that were sold today $1.11 +208%, and we also bought some SPY puts (a small position) at $3.20 that closed @ $2.91.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 800 members.
SECTORS: Other names in the news: There were plenty of big gainers today, and one of the outstanding issues was Chevron (CVX). The energy group was +16.3% with CVX closing $66.55 +12.33 (22.7%) on the news that it has no intention of cutting their dividend. They have suspended their buyback program (exactly when it probably means buying low priced shares) and are cutting the cap. ex. spending plans by $4billion, also questionable. That’s a fight for another day. There wasn’t much that wasn’t higher today, so I’ll just hit some of the highlights.
BIOPHARMA: was HIGHER with TEVA in the news again. It was up again after the news that it is a manufacturer of Hydroxychloroquine Sulfate, a potential treatment for COVID-19 and are donating the tablets to hospitals nationwide. After coming up from $6.25 to close today $8.25 + .80 (10.7%), while REGN, also in the COVID-19 space was – 6.10 (1.34) and ISRG gained $64.15 (17.44%). IBB was $103.50 +6.00 (6.25%).
CANNABIS: Even this group had winners with TLRY +.32 (8.3%), CGC +.55, CRON +.26, GWPH +7.23 (9%), ACB +.032, PYX +.80 (42.11%), NBEV +.14, CURLF +.79 (25.67%), KERN +.19, and MJ $10.50 +.90 (9.38%).
DEFENSE: was HIGHER with none up less than 5% and several gainers like RTN +18.59 (16.06%), UTX +12.55 (16.74%), TDY +31.22 (13.22%) and ITA $134.00 +16.49 (14.03%).
RETAIL was MUCH HIGHER with the big retailer + 19 to 30% but the discounters up a meager 5% and the brands running ahead with RL +4.07 (6.22%), UAA +1.29 (16%), LULU +20.49 (11.89%), TPR +3.37 (31.85%), CPRI +2.08 (22.56%) and XRT $29.90 +2.91 (1.78%).
FAANG and Big Cap: were HIGHER with GOOGL +58.87, AMZN +19.42, AAPL +21.63, FB +8.90, NFLX -3.27, NVDA +34.31, IBM +10.69, TSLA +75.99 (17.43%), BABA +9.16, BIDU +5.23, BA +29.94 (28.35%), CAT +8.15, DIS +11.34, and XLK $77.61 +7.21 (10.24%).
FINANCIALS were HIGHER with GS +17.53 (12.99%), JPM +8.68 (10.98%), BAC +2.80 (15.49%), MS +5.15 (18.52%), C +5.06 (14.30%), PNC +9.61 (11.92%), AIG +3.98 (20.62%), TRV +5.24, AXP +14.68 (21.30%) and XLF $19.85 +2.19 (12.4%).
OIL, $24.01 + .65. The stocks were HIGHER with the price of Oil trading up slightly but the stocks trading with the overall market. CVX confirmed their dividend and was +12.25 (22.65%).
METALS, GOLD: $1,660 90 + 93.20. After the liquidation of the past few week’s gold made a higher low and broke through resistance at $1,520 and rallied hard right through $1,540 and up towards $1,575. I said I still expect a move back toward $1,600 to unfold. Today’s rally was the biggest I’ve ever seen in 50years of trading. We sold our calls, as noted on page 1.
BITCOIN: closed $6725 +425. We traded in a short range today and finished near the highs of the day. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.64 +.45 today.
Tomorrow is another day.
submitted by Dashover to options [link] [comments]

XLM can reach $0.10 soon – here's why

XLM can reach $0.10 soon – here's why
Stellar is firmly occupying the 13th spot on the list of the cryptocurrencies with the largest market cap. Last week, we witnessed yet another proof of lumens’ potential: as all the coins dropped on June 02, it was XLM to recover faster than others.
There was a veritable crypto massacre on June 2, when the price of Bitcoin fell by 8% in just five minutes. As usual, other coins followed, with Stellar also losing 8%:
The Bitcoin sell-off was predictable. As soon as BTC makes a move beyond the psychologically important $10,000 mark, whales start selling. Plus, we feel that there are still many miners who have been stashing their mining proceeds for the past few months, waiting for a rally. They decided to hold on to their coins just after the halving, when the expected price explosion didn’t happen.
In fact, data suggests that over 60% of all Bitcoins in active circulation haven’t moved for several months. This is a major indicator of a HODLing sentiment in the market. But as soon, as there’s a bullish move, HODLers jump on the opportunity and sell.
As we’ve said, XLM dropped 8% from $0.083519 to $0.076917. That was a major disappointment to many traders and investors, as Stellar had been on a roll for the whole preceding week since May 26. During that period, it gained an amazing 29%, going from $0.06459 to $0.08352. There were all the reasons to expect a move above $0.10 — a very important mark for XLM.
However, after the ‘massacre’ it was finally Stellar’s time to shine. If you look at the chart for the past month, you can see that the drop was just the deepest among the many recent corrections on the way to a local peak of $0.085514 on June 4:
This marked an overall rise by 32% in just 10 days — an amazing result for a top-20 coin.
What about the slight downward movement that came after? It represents another 7% slump, but from a much higher peak. In the opinion of the XLMwallet analysts, this is nothing more than a regular correction before a new bullish stretch.
The key resistance level to break through will be $0.088. If Stellar manages to overcome it, there’s hardly any obstacles on the way to $0.10.
On the fundamentals side of things, there isn’t much to report: the Stellar Foundation has kept quiet in the past couple of weeks. Therefore, we can expect the price of XLM to largely follow that of Bitcoin. Here, there are more reasons to expect further growth, as BTC miners are quickly returning to the network. The average block time is now at its lowest since 2014: a bit over 8.5 minutes. Of course, mining difficulty will be soon adjusted upward, but generally such ‘difficulty runs’ are a very bullish sign.
Bloomberg updated its BTC price forecast to $20,000 by the end of 2020. A doubling of the BTC price can produce a rise of at least 80% in the price of XLM, taking it all the way to $0.18 or even higher. Therefore, our advice to everyone who is holding lumens in their XLMwallet remains the same: hold.
Don’t get us wrong: we love it when you use our fast, light-weight wallet to send XLM to your friends or pay for goods and services online. Stellar is indeed one of the best cryptocurrencies for payments. But right now the wisest thing is to HODL. If you need to pay in crypto, rather pay in stablecoins.
Do you agree with our analysis? Write your own XLM price forecast in the comments! And if you don’t have an XLMwallet yet, hop over to and activate one right now — it takes only 10 seconds!
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submitted by Stellar__wallet to XLM_wallet [link] [comments]

Before you start speculating about 'alt season', look at the goddamn market.

3 of the top 20 projects are exchange tokens. 3 of them are Bitcoin clones. 1 is an Ethereum clone.
Before I go further, I'll mention this: I don't think we'll have another nonsensical bull run that will lead to the entire market going up. I think the bubble has popped for real, and that we're close enough to adoption territory that the trash will helplessly slip into oblivion while projects that are able to generate organic demand will naturally insert themselves in our daily lives and thrive. If you believe that we've got at least one big bull market left, then feel free to ignore this.
Back to the market. Look at it. Does it feel like it makes sense to you? I've been looking for the answer to this question, and unfortunately the best I've got so far is both yes and no. What kind of metrics can you even use to evaluate whether it makes sense or not? If you look at market cap as a combined measure of future potential and current utility, you're left totally baffled by some of this market's top pics. If you look at market cap as an indicator of an evolving sentiment, however, then it makes sense - because there's virtually no organic demand. People only care about percentage gained or lost. There is zero visibility because there are no viable metrics for valuation. Litecoin's market cap (for example) could be $1B instead of $4B and nobody would give a shit, if it had been 4x small from the start. It wouldn't suddenly rise due to being 'undervalued'.
So, look closely at fundamentals. There absolutely are undervalued picks and the market won't spot them in time because people only look at charts.
submitted by bLbGoldeN to CryptoCurrency [link] [comments]

30+ Reasons Why Cryptocurrencies Are Worthless

1)It is possible to change the code through a miner vote or a fork and change the total supply or anything. DASH did it : they reduced the total supply from 84M to 18.9M a few years ago. They could also increase it to 999 Trillions if they wanted to so that millions of DASH are mined every week.

2)You can also fork bitcoin anytime , start over from 0 and claim it's the real bitcoin. (BCH , BSV , BTG , LTC , BCD etc)

3)Why would you pay $10,000 for a digital collectible unit called BTC when you can use BCH or TRX or LTC .. you name it. They work just as fine and cost less. There is no rarity like in gold.

4)Think of any amount you hold in ethereum as a gift card to use smart contracts on the ETH blockchain. Ridiculous. You’d rather hold a wal mart gift card or even simply cash.

5)Private keys may be bruteforced as we speak. Quintillions entries a second. When they’ll have enough bitcoins under control , they could move them all at once instantly.(At least 45,000 ETH have been stolen this way for now through ethereum bandit)SHA 256 is too old , bitcoin is 10 years old , it is not secure enough , quantum computing could potentially break it.

6)And that’s if people don’t find a way to create an infinite amount of coins to sell on exchanges.. it happened with monero , stellar , bitcoin , zcash , zcoin , eos , etc..

proofs :

“Bitcoin , Coindesk : “The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret”an attacker could have actually used it to create new Bitcoin — above the 21 million hard-cap of coin creation — thereby inflating the supply and devaluing current bitcoins.”

Stellar : “Stellar Inflation: Glitch Leads to 2.25 Billion Extra XLM Printed”

Monero : “A bug in the Monero (XMR) wallet software that could enable fake deposits to exchanges has been recently brought to public attention through a Medium post”

Zcoin : Forged coins were created, but not exceeding 1% of the circulating supply. We will release further details on exact numbers when Sigma is released.

EOS : “Hackers Forge Billion EOS Coins to Steal Real Crypto From DEX “

Zcash : “Zcash Team Reveals It Fixed a Catastrophic Coin Counterfeiting Bug” etc..

7)Segwit , and especially Lightning network is a very complex technology and it will inevitably have flaws , bugs , it will be exploited and people will lose money. That alone can cause bitcoin to drop very low levels.

8)Then miners may be losing millions so they will stop mining , blocks may be so slow , almost no transaction will come though , and bitcoin may not have enough time to reach the next difficulty adjustement. This is reffered to as a death spiral. Then every crypto even those with no mining involved may crash hard.

9)Many crypto wallets are unsafe and have already caused people to lose all their investment , including the infamous “parity wallet”.

10)It is NOT trustless. you have to trust the wallet you’re using is not just generating an address controlled by the developper , you have to trust the node the wallet connects to is an honest node , you have to trust a Rogue state or organization with enough computing power will not 51% attack the network. etc..

11)Bitcoin is NOT deflationary. Bitcoins are created every blocks (roughly every 10 minutes) and you wil be dead by the time we reach the 21 million current hard cap.

12)Bitcoin price may artificially be inflated by Tether.

13)It’s an energy waste , an environmental catastrophy.

14)The only usecases are money laundering , tax evasion , gambling , buying on the dark net , evading sanctions and speculation.

15)Governments will ban it if it gets too big , and they have a big incentive to do so , not only for the obscure usecases but also because it threatens the stability of sovereign currencies. Trump could kill bitcoin with one tweet , force fiat exchanges to cease activity.

16)Most cryptos are scams , the rest are just crazy speculative casino investments.

17)It is pyramidal : early adopters intend to profit massively while last comers get crushed. That's not how money works. The overwhelming majority of crypto holders are buying it because they think they will be able to sell it to a higher price later. Money is supposed to be rather stable. That's why the best cryptocurrencies are USDT USDC etc..

18)The very few stores accepting bitcoin always have the real price in the local currency , not in bitcoin. And prices like 0.00456329 BTC are ridiculous !

19)About famous brokers listing bitcoin : they have to meet the demand in order to make money , it doesn't mean they approve it , some even short it (see interactive broker's CEO opinion on bitcoin)

20)People say cash is backed by nothing and losing value slowly , and yes it is very flawed , but there is a whole nation behind it , it's accepted everywhere , you can buy more things with it.

21)Everybody in crypto thinks that there will be a new bullrun and that then , they will sell. But because everybody thinks it will happen , it might not happen. The truth is past performance doesn’t indicate future performance and it is absolutely not guaranteed that there will ever be another bullrun. The markets are unpredictable.

22)Also BTC went from about $0.003 to the price it is today , so don’t think it’s cheap now.

23)There is no recourse if you’re scammed/hacked/made a mistake in the address etc. No chargebacks. But it might be possible to do a rollback (blockchain reorganization) to reverse some transactions. BSV did it.

24)In case of a financial crisis , the speculative assets would crash the most and bitcoin is far from being a non speculative safe heaven ; and governments might ban it to prevent fiat inflation to worsen.

25) Having to write down the private key somewhere or memorize it is a security flaw ! It’s insane to think a system like this will gain mass adoption.

26) The argument saying governments can not ban it because it is decentralized (like they banned drugs) doesn’t work for cryptos. First , drugs are much harder to find and much more expensive and unsafe because of the ban , and people are willing to take the risk because they like it. But if crypto is banned , value will drop too much , and if you can’t sell it for fiat without risking jail , goodluck to find a buyer. Fiat exchanges could close. Banks could terminate every crypto related bank account. And maybe then the mining death spiral would happen and kill all cryptos.

27) Crypto doesn’t exist. It’s like buying air. It’s just virtual collectibles generated by a code. Faguzzi, fugazzi, it’s a whazzie, it’s a whoozie.. it’s a.. fairy dust. It doesn’t exist. It’s never landed. It’s no matter, it’s not on the elemental chart. It… it’s not fucking real!

28) Most brilliant guys have come out and said Bitcoin was a scam or worthless. Including Bill Gates , Warren Buffet , The Wolf Of Wall Street…

29) Inflation is necessary for POW , BTC code will have to be changed to bypass the 21M cap or mining will die ! If BTC code is not changed to allow for miners to be paid reasonably , they will cease mining when the bitcoin block reward gets too low.Even monero understood it ,the code will have to be changed to allow for an infinite bitcoin supply (devaluating all current bitcoins) or the hash will decrease and the security of bitcoin will decrease dramatically and be 51% attacked

30) Don’t mix up blockchain and cryptos. Even blockchain is overrated. But when you hear this or that company is going blockchain , it doesn’t mean they support cryptocurrencies.

31) Craig Wright had a bitcoin mining company with Dave Kleinman (he died) and on january 1 2020 he claims he will be able to access the 1.1M BTC/BCH/BTG from the mining trust. He may or may not dump them on the market , he also said BTC had a fatal flaw and that by 2019 there will be no more BTC.

32) Hacks in cryptos are very common and usually massive. Billions of dollars in crypto have been stolen in the last 6 years. In may 2019 Binance was hacked and lost 7,000 BTC (and it’s far from being the biggest crypto hack).

33) Bitcoin was first. It's an ancient technology. Newer blockchains have privacy, smart contracts, distributed apps and more.Bitcoin is our future? Was the Model T the future of the automobile? (John Mc Afee)

34) IOTA investiguating stolen funds on mainnet. IOTA shuts down the whole network to deal with trinity wallet attack.

35) Compared to bitcoin other cryptos work just as fine and don't waste so much energy.

36 ) Everytime miners disagree on the updates it will create another version of bitcoin : problem of governance and legitimacy.

37) Cryptos are only legitimate if they act as a credit for a redeemable asset like USDT or gold backed coins.

While the native language of the writter is not english , I think you get the point and it doesn't make it any less relevant.
submitted by OverTheRedHills to u/OverTheRedHills [link] [comments]

Bitcoin Market Cap Anylitics and Future Price Prediction How to Use CoinMarketCap! How to Use in 2019 (Tutorial) Can Bitcoin Take All of Golds 7 Trillion $$$$ Market Cap? Bitcoin vs Gold Know Your Crypto Resources Episode 1: Coin Market Cap

Hello, my dear cryptocurrency lover... We love Bitcoin and trading cryptocurrency, it makes making money easy... with patience. Ok, let's take a look at the chart and indicators for the total Cryptocurrency Market Cap. excluding Bitcoin. There are some interesting bullish signals to look at. If you want to see our analysis for the total market cap. including Bitcoin, go here: https://www ... At present, the total market cap for all ERC-20 assets is $46.7 billion, whereas Ethereum’s is presently just over $41 billion. There have been a few similar brief ‘flippenings” in 2020 ... Bitcoin price today is $13,073.32 USD with a 24-hour trading volume of $23,603,626,066 USD. Bitcoin is up 0.48% in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $242,210,721,011 USD. It has a circulating supply of 18,527,100 BTC coins and a max. supply of 21,000,000 BTC coins. Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins. Bitcoin is developing a new swing trade long signal in a location that is less than ideal. Since the broader trend is BULLISH, we are open to the trade idea because overall probability still favors a bullish breakout. Recent price action has established a consolidation which is a series of lower highs and higher lows (also known as a triangle).

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Bitcoin Market Cap Anylitics and Future Price Prediction

Mario the bitcoin chef gives his take on some hard numbers and makes a prediction based on a few simple charts of bitcoins future price. Call Mario direct at 570 592 0315. Like on fbhttps://www ... Using can be tough-- Especially when they manipulate so much data. I'll teach you how to use Coinmarketcap in 2019 in this CoinMarketCap alternative tutorial. If you would like ... It also provides charts and historical data used to track market trends. There are also links to the websites and social media pages for the coins and assets listed on the site. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts. DISCLAIMER: I am not a ... Cryptocurrency Market Cap - Bar Chart Race 1.1.2014 - 7.6.19 The sum USD value of the current supply. Note: Some some coins will show up on chart when data set became available not necessarily on ...