t0 Stock Forecast: up to 32.832 USD! - TZROP Stock Price ...

Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits

Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits
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Cryptocurrency News & Discussion

The official source for CryptoCurrency News, Discussion & Analysis.
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This subreddit is for users of Bitcoin in Australia.

This subreddit is for users of Bitcoin in Australia.
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I'm a minor looking to exchange bitcoin and other cryptocurrencies for fiat, is there any hope for me or am I just limited to trading crypto for crypto for now?

Hi all,
I've gotten into cryptocurrencies recently, thought it could be interesting to invest what little money I have and try to make some more, yknow, just a teen trying to make a quick buck
However, since I'm under 18, I haven't managed to find any website that allows minors to withdraw fiat currencies without having to give a valid ID, so I'm kind of screwed here. I could ask my mother to help with that, but she clearly told me that she did not care if i was "wasting my money" but she refused to know anything about what i was doing, even when I told her I was getting my bitcoin from mining with stormgain or from tv-two. So, not an option either. Coinbase doesn't let T0 users deposit their bitcoin, Kraken doesn't allow fiat withdrawal to users with a starter account, and Stormgain is only for trading and mining, so I'm a little lost
Is there any place I can withdraw fiat from bitcoin at market price? Or will I have to wait until I turn 18 to get any profit out? Thanks in advance!
submitted by T4t0_Ch4n to Bitcoin [link] [comments]

Bitcoin Cash, VeChain, Dogecoin Price Analysis: 28 July

The Bitcoin market witnessed a boost in its price on 27 July. The price of the largest crypto jumped 13% in a day, as the price escalated from $9,933 t0 $11,263. The major alts in the market also followed the coin in its upwards journey, especially its hard fork, Bitcoin Cash. Bitcoin Cash [BCH] Source: […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

For Trading May 14th

DJIA -1315 From Yesterday’s High
POWELL Says, “No Neg Rates”
Today’s market was down from the start with PPI numbers and Jay Powell talking about the economy, negative rates, a slower than Trump promises recovery and just in general spooking anyone within the sound of his voice. The futures had been higher, but the rally in afterhours last night had pushed up the “fair value” to the point of a negative open. It only got worse throughout the day as the A/D and volume piled up on the downside finishing 8:1 down on the NYSE and 4:1 on the NAZ, but also on the NY the volume was a solid 7:1 down too. On the DJIA we had only one stock up, MRK, and only $ .74. The losers were spread around with UHN the biggest loser -70, GS -37, MMM -36 AND AXP -35 DPs. Financials, Energy, and Industrials were the weakest with Consumer staples and Utilities the “least weak.”
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: https://discord.gg/ATvC7YZ 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 https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/vm3CUCipzT0
SECTORS: The news from UBER / GRUB was that there would be no deal at 2.1 shares of UBER for GRUB, but it was disclosed that UBER was considering a ratio of just 1.9:1, so UBER moved up $ .62 while GRUB was lower by $2.25 (3.73%). The good news was that UBER said there were $300 million in cost efficiencies in the deal for them. Not much of a dent in the $2.9 Billion they lost this quarter, but I guess you have to start somewhere.
Cisco reported a beat after the close and the stock, down from a high yesterday of $44.30 had closed $41.95 - $1.27 rallied on the news to $44.45 but closed $42.94 +.99.
ASCO, the Cancer Society annual meeting is in 2 weeks, and Allogene (ALLO) published their findings on a new therapy and the stock shot up from its close of $30.98 -1.56 (4.79%) to trade as high as $46.57 before closing $39.50 + 8.52. There will be a steady stream of these type of announcements in the next 10 days.
FOOD SUPPLY: was MIXED with TSN -1.58, BGS +1.50, FLO +1.29, CAG +.18, MDLZ -.84, KHC -.16, CALM -.55, JJSF -.65, SAFM -.94, LANC +.63, GO -.61, UNFI +7.22 (46.55%) on preliminary reporting of their Q3 sales and several upgrades lead the group, and BYND +1.07.
BIOPHARMA: was LOWER with BIIB -4.81, ABBV -1.38, REGN +19.46, ISRG -13.93, GILD -.61, MYL -.53, TEVA -.37, VRTX +1.43, BHC -.64, INCY -.29, ICPT -2.37, LABU -2.69 and IBB $130.00 -1.05 (.80%).
CANNABIS: This group was LOWER with TLRY -.21, CGC -1.07, CRON -.28, GWPH -3.95, ACB -.56 (8.67%), PYX -.04, NBEV -.065, CURLF +.06, KERN -.02 and MJ $10.96 -.59 (5.11%).
DEFENSE: was LOWER with LMT -5.51, GD -.52, TXT -1.63, NOC -5.05, BWXT -1.69, TDY -5.90, RTX -2.07, and ITA $141.70 -4.37 (2.99%).
RETAIL was LOWER with M +.06, JWN -.66, KSS -.31, DDS -1.19, JCP +.035 (17.65%), WMT +.42, TGT +.27, TJX -.76, RL -.52, USS -.74, LULU -11.22, TPR -1.21, CPRI -.62, and XRT $36.04 -.96 (2.59%).
FAANG and Big Cap: were LOWER with GOOGL -20.28, AMZN +15.05, AAPL -2.91, FB -3.80, NFLX +7.79, NVDA +3.29, TSLA -9.62, BABA -.01, BIDU -1.17, CMG -24.73, CAT -.46, BA -2.32, DIS -1.07 and XLK $91.83 -1.61 (1.72%).
FINANCIALS were LOWER with GS -4.85, JPM -2.83, BAC -.87, MS -1.24, C -1.40, PNC -3.21, AIG -1.45, TRV -4.12, AXP -4.17, V -1.16 and XLF $20.66 -.63 (2.96%).
OIL, $26.68 -.65. Oil was another short-range day that gave no hint of direction to come as we finished down a bit. The contract was rolled forward so the price is slightly higher but still unable to make any headway against overhead supply. All the stocks on my list were lower with XLE $35.73 -1.70 (4.54%).
METALS, GOLD: $1,716.40 +9.60. After the recent gains, Gold broke below $1,700 yesterday but failed to follow-thru to the downside and closed higher. The 5 and 20-day MAs look like they may cross to the upside, But it was still unable to break the downtrend line at $1,726. We are long NEM.
BITCOIN: closed $9,270 +400. After breaking out over $7500 we have moved as high as just over $10,000 before gapping down overnight to trade as low as $8,400 earlier this week. We continue to recover higher prices and we added 350 shares of GBTC yesterday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.21 + .58 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

For Trading May 6th

Oil +20% Again
Rally Fades by Half
Today’s market got off to a strong start yet again but at the end of the day we had two down waves starting around 2:45 that cut gains by about 2/3. Market internals were a bit on the soft side with NYSE A/D only 4:3 and NASDAQ 17:15. Volume was lighter than the past few days and the DJIA had 21 up and 9 down. The biggest losers were BA -41 and MCD -18 DPs while the gainers were UNH +37, AAPL +30 and HD +26 DPs. All these names were higher before the last hour with AAPL trading $301 but finishing $297.80. The news of the day on the economy was not great. ISM Non-manufacturing Index for Aprildropped to 41.8from 52.5 in March. 50% is the breakpoint for expansion/contraction. The trade balance showed a widening in the deficit to $44.4 billion from $39.8 in February. Exports were down $20 billion. Tomorrow we have the ADP Employment change report for April and weekly MBA Mortgage applications.
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: https://discord.gg/ATvC7YZ 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 https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://drive.google.com/file/d/1RxpgADmtffzTPWRgeZ_UrfL4LszWvZR1/view?usp=sharing
SECTORS: Earnings played a part in today’s market. NEM was a strong report and the stock, already up from $58 on Friday finished the day $64.91 +2.17 (3.46%), DIS was the big loser with volumes down due to closed parks and no production taking place at the studios. Streaming is strong, but a big piece is being done at reduced rates or even for free. At the close the stock was $101.06 -2.12 but after a small rally, the conference call started and after the company disclosed it is suspending its dividend for the first half it slid to 99.25. BYND reported good sales growth and the recent closures of several major meat processing plants has been buoying prices. The stock has rallied off an April low of $57 and closed today $100.16 +5.00 and is currently trading $105 + $5 more.
Two companies in the same business, EA and ATVI went in opposite directions. EA was a miss and after closing $119.61 +2.78 it fell t0 112.12 and is currently 113.98 – 5.62. Activision (ATVI) beat handily and it had closed 68.53 +1.83 and is now $72.40 + 3.87 more. Pinterest (PINS) had risen from a low of $10.10 last month to close $20.81 -.62 but missed on several metrics and has traded down to $16.70 and is $17.15 – 3.66. Also, on the bad news side, UAL finished $24.12 -1.14 (4.5%) and Norwegian Cruise (NCLH) warned about it continuing as a “going concern.” The stock is down from $60 and finished the day $11.18 -3.26 (22.58%).
FOOD SUPPLY: was HIGHER with TSN +1.57, BGS +.77, FLO +.11, CAG -.03, MDLZ +.19, KHC +.02, CALM -.39, JJSF +2.66, SAFM +1.97, and LANC +7.67 (5.68%).
BIOPHARMA: was HIGHER with BIIB +9.46, ABBV +4.14, REGN +32.55 (6.01%), ISRG +15.01, GILD -1.54, MYL +.05, TEVA +.31, VRTX +7.81, BHC +.10, INCY -2.17, ICPT +1.71, LABU +2.58 and IBB $127.00 +2.45 (1.97%).
CANNABIS: This group was LOWER with TLRY -.27, CGC +.10, CRON -.08, GWPH +.72, ACB -.012, PYX -.74, NBEV -.02, CURLF +.06, KERN -.01 and MJ $11.90 -.05 (.42%).
DEFENSE: was HIGHER with LMT +10.14, RTX +.15, GD +1.72, TXT -.34, NOC +6.18, BWXT +3.09 (6.05%), TDY +1.22 and ITA $147.45 +.01.
RETAIL was MIXED with M -.06, JWN -.52, KSS -.27, DDS -1.31 (4.8%), JCP -.0145, WMT +1.04, TGT +.14, TJX +.14, RL +.45, UAA -.31, LULU -.48, TPR unch., CPRI -.07, and XRT $36.16 +.31 (.86%).
FAANG and Big Cap: were HIGHER with GOOGL +36.89, AMZN +7.98, AAPL +5.54, FB +2.39, NFLX -1.65, NVDA +3.94, TSLA +12.31, BABA +4.50, BIDU +.84, CMG -5.75, CAT +1.96, BA -4.96, DIS (see above), and XLK $91.45 +1.37 (1.52%).
FINANCIALS were MIXED with GS +2.97, JPM +.01, BAC -.19, MS -.02, C -1.15, PNC -1.61, AIG +.73, TRV -.06, AXP +.62, V +2.29, and XLF $21.79 -.07 (.32%).
OIL, $24.56 +4.17. Oil was higher overnight and the rally continued on all day. The stocks were mixed with only the big names moving higher. XLE closed $37.52 +.43 (1.16%).
METALS, GOLD: $1,710.60 -2.70. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. We were stopped out of our position in the 5/15 165 calls and I replaced them with the $163 strike. We are also long NEM.
BITCOIN: closed $8985 +50. After we traded in the uptrend, I mentioned this weekend that I felt we would have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher with a high of 9560. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $10.02 + .05 today.
Tomorrow is another day.
CAM
submitted by Dashover to pennystocks [link] [comments]

For Trading May 6th

Oil +20% Again
Rally Fades by Half
Today’s market got off to a strong start yet again but at the end of the day we had two down waves starting around 2:45 that cut gains by about 2/3. Market internals were a bit on the soft side with NYSE A/D only 4:3 and NASDAQ 17:15. Volume was lighter than the past few days and the DJIA had 21 up and 9 down. The biggest losers were BA -41 and MCD -18 DPs while the gainers were UNH +37, AAPL +30 and HD +26 DPs. All these names were higher before the last hour with AAPL trading $301 but finishing $297.80. The news of the day on the economy was not great. ISM Non-manufacturing Index for Aprildropped to 41.8from 52.5 in March. 50% is the breakpoint for expansion/contraction. The trade balance showed a widening in the deficit to $44.4 billion from $39.8 in February. Exports were down $20 billion. Tomorrow we have the ADP Employment change report for April and weekly MBA Mortgage applications.
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: https://discord.gg/ATvC7YZ 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 https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://drive.google.com/file/d/1RxpgADmtffzTPWRgeZ_UrfL4LszWvZR1/view?usp=sharing
SECTORS: Earnings played a part in today’s market. NEM was a strong report and the stock, already up from $58 on Friday finished the day $64.91 +2.17 (3.46%), DIS was the big loser with volumes down due to closed parks and no production taking place at the studios. Streaming is strong, but a big piece is being done at reduced rates or even for free. At the close the stock was $101.06 -2.12 but after a small rally, the conference call started and after the company disclosed it is suspending its dividend for the first half it slid to 99.25. BYND reported good sales growth and the recent closures of several major meat processing plants has been buoying prices. The stock has rallied off an April low of $57 and closed today $100.16 +5.00 and is currently trading $105 + $5 more.
Two companies in the same business, EA and ATVI went in opposite directions. EA was a miss and after closing $119.61 +2.78 it fell t0 112.12 and is currently 113.98 – 5.62. Activision (ATVI) beat handily and it had closed 68.53 +1.83 and is now $72.40 + 3.87 more. Pinterest (PINS) had risen from a low of $10.10 last month to close $20.81 -.62 but missed on several metrics and has traded down to $16.70 and is $17.15 – 3.66. Also, on the bad news side, UAL finished $24.12 -1.14 (4.5%) and Norwegian Cruise (NCLH) warned about it continuing as a “going concern.” The stock is down from $60 and finished the day $11.18 -3.26 (22.58%).
FOOD SUPPLY: was HIGHER with TSN +1.57, BGS +.77, FLO +.11, CAG -.03, MDLZ +.19, KHC +.02, CALM -.39, JJSF +2.66, SAFM +1.97, and LANC +7.67 (5.68%).
BIOPHARMA: was HIGHER with BIIB +9.46, ABBV +4.14, REGN +32.55 (6.01%), ISRG +15.01, GILD -1.54, MYL +.05, TEVA +.31, VRTX +7.81, BHC +.10, INCY -2.17, ICPT +1.71, LABU +2.58 and IBB $127.00 +2.45 (1.97%).
CANNABIS: This group was LOWER with TLRY -.27, CGC +.10, CRON -.08, GWPH +.72, ACB -.012, PYX -.74, NBEV -.02, CURLF +.06, KERN -.01 and MJ $11.90 -.05 (.42%).
DEFENSE: was HIGHER with LMT +10.14, RTX +.15, GD +1.72, TXT -.34, NOC +6.18, BWXT +3.09 (6.05%), TDY +1.22 and ITA $147.45 +.01.
RETAIL was MIXED with M -.06, JWN -.52, KSS -.27, DDS -1.31 (4.8%), JCP -.0145, WMT +1.04, TGT +.14, TJX +.14, RL +.45, UAA -.31, LULU -.48, TPR unch., CPRI -.07, and XRT $36.16 +.31 (.86%).
FAANG and Big Cap: were HIGHER with GOOGL +36.89, AMZN +7.98, AAPL +5.54, FB +2.39, NFLX -1.65, NVDA +3.94, TSLA +12.31, BABA +4.50, BIDU +.84, CMG -5.75, CAT +1.96, BA -4.96, DIS (see above), and XLK $91.45 +1.37 (1.52%).
FINANCIALS were MIXED with GS +2.97, JPM +.01, BAC -.19, MS -.02, C -1.15, PNC -1.61, AIG +.73, TRV -.06, AXP +.62, V +2.29, and XLF $21.79 -.07 (.32%).
OIL, $24.56 +4.17. Oil was higher overnight and the rally continued on all day. The stocks were mixed with only the big names moving higher. XLE closed $37.52 +.43 (1.16%).
METALS, GOLD: $1,710.60 -2.70. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. We were stopped out of our position in the 5/15 165 calls and I replaced them with the $163 strike. We are also long NEM.
BITCOIN: closed $8985 +50. After we traded in the uptrend, I mentioned this weekend that I felt we would have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher with a high of 9560. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $10.02 + .05 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

For Trading May 14th

DJIA -1315 From Yesterday’s High
POWELL Says, “No Neg Rates”
Today’s market was down from the start with PPI numbers and Jay Powell talking about the economy, negative rates, a slower than Trump promises recovery and just in general spooking anyone within the sound of his voice. The futures had been higher, but the rally in afterhours last night had pushed up the “fair value” to the point of a negative open. It only got worse throughout the day as the A/D and volume piled up on the downside finishing 8:1 down on the NYSE and 4:1 on the NAZ, but also on the NY the volume was a solid 7:1 down too. On the DJIA we had only one stock up, MRK, and only $ .74. The losers were spread around with UHN the biggest loser -70, GS -37, MMM -36 AND AXP -35 DPs. Financials, Energy, and Industrials were the weakest with Consumer staples and Utilities the “least weak.”
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: https://discord.gg/ATvC7YZ 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 https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/vm3CUCipzT0
SECTORS: The news from UBER / GRUB was that there would be no deal at 2.1 shares of UBER for GRUB, but it was disclosed that UBER was considering a ratio of just 1.9:1, so UBER moved up $ .62 while GRUB was lower by $2.25 (3.73%). The good news was that UBER said there were $300 million in cost efficiencies in the deal for them. Not much of a dent in the $2.9 Billion they lost this quarter, but I guess you have to start somewhere.
Cisco reported a beat after the close and the stock, down from a high yesterday of $44.30 had closed $41.95 - $1.27 rallied on the news to $44.45 but closed $42.94 +.99.
ASCO, the Cancer Society annual meeting is in 2 weeks, and Allogene (ALLO) published their findings on a new therapy and the stock shot up from its close of $30.98 -1.56 (4.79%) to trade as high as $46.57 before closing $39.50 + 8.52. There will be a steady stream of these type of announcements in the next 10 days.
FOOD SUPPLY: was MIXED with TSN -1.58, BGS +1.50, FLO +1.29, CAG +.18, MDLZ -.84, KHC -.16, CALM -.55, JJSF -.65, SAFM -.94, LANC +.63, GO -.61, UNFI +7.22 (46.55%) on preliminary reporting of their Q3 sales and several upgrades lead the group, and BYND +1.07.
BIOPHARMA: was LOWER with BIIB -4.81, ABBV -1.38, REGN +19.46, ISRG -13.93, GILD -.61, MYL -.53, TEVA -.37, VRTX +1.43, BHC -.64, INCY -.29, ICPT -2.37, LABU -2.69 and IBB $130.00 -1.05 (.80%).
CANNABIS: This group was LOWER with TLRY -.21, CGC -1.07, CRON -.28, GWPH -3.95, ACB -.56 (8.67%), PYX -.04, NBEV -.065, CURLF +.06, KERN -.02 and MJ $10.96 -.59 (5.11%).
DEFENSE: was LOWER with LMT -5.51, GD -.52, TXT -1.63, NOC -5.05, BWXT -1.69, TDY -5.90, RTX -2.07, and ITA $141.70 -4.37 (2.99%).
RETAIL was LOWER with M +.06, JWN -.66, KSS -.31, DDS -1.19, JCP +.035 (17.65%), WMT +.42, TGT +.27, TJX -.76, RL -.52, USS -.74, LULU -11.22, TPR -1.21, CPRI -.62, and XRT $36.04 -.96 (2.59%).
FAANG and Big Cap: were LOWER with GOOGL -20.28, AMZN +15.05, AAPL -2.91, FB -3.80, NFLX +7.79, NVDA +3.29, TSLA -9.62, BABA -.01, BIDU -1.17, CMG -24.73, CAT -.46, BA -2.32, DIS -1.07 and XLK $91.83 -1.61 (1.72%).
FINANCIALS were LOWER with GS -4.85, JPM -2.83, BAC -.87, MS -1.24, C -1.40, PNC -3.21, AIG -1.45, TRV -4.12, AXP -4.17, V -1.16 and XLF $20.66 -.63 (2.96%).
OIL, $26.68 -.65. Oil was another short-range day that gave no hint of direction to come as we finished down a bit. The contract was rolled forward so the price is slightly higher but still unable to make any headway against overhead supply. All the stocks on my list were lower with XLE $35.73 -1.70 (4.54%).
METALS, GOLD: $1,716.40 +9.60. After the recent gains, Gold broke below $1,700 yesterday but failed to follow-thru to the downside and closed higher. The 5 and 20-day MAs look like they may cross to the upside, But it was still unable to break the downtrend line at $1,726. We are long NEM.
BITCOIN: closed $9,270 +400. After breaking out over $7500 we have moved as high as just over $10,000 before gapping down overnight to trade as low as $8,400 earlier this week. We continue to recover higher prices and we added 350 shares of GBTC yesterday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.21 + .58 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Bitcoin Will Appreciate Unless Something Goes Really Wrong—Price Expected To Double (current BTC/USD price is $9,657.84)

Latest Bitcoin News:
Bitcoin Will Appreciate Unless Something Goes Really Wrong—Price Expected To Double
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

For Trading May 6th

Oil +20% Again
Rally Fades by Half
Today’s market got off to a strong start yet again but at the end of the day we had two down waves starting around 2:45 that cut gains by about 2/3. Market internals were a bit on the soft side with NYSE A/D only 4:3 and NASDAQ 17:15. Volume was lighter than the past few days and the DJIA had 21 up and 9 down. The biggest losers were BA -41 and MCD -18 DPs while the gainers were UNH +37, AAPL +30 and HD +26 DPs. All these names were higher before the last hour with AAPL trading $301 but finishing $297.80. The news of the day on the economy was not great. ISM Non-manufacturing Index for Aprildropped to 41.8from 52.5 in March. 50% is the breakpoint for expansion/contraction. The trade balance showed a widening in the deficit to $44.4 billion from $39.8 in February. Exports were down $20 billion. Tomorrow we have the ADP Employment change report for April and weekly MBA Mortgage applications.
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: https://discord.gg/ATvC7YZ 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 https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://drive.google.com/file/d/1RxpgADmtffzTPWRgeZ_UrfL4LszWvZR1/view?usp=sharing
SECTORS: Earnings played a part in today’s market. NEM was a strong report and the stock, already up from $58 on Friday finished the day $64.91 +2.17 (3.46%), DIS was the big loser with volumes down due to closed parks and no production taking place at the studios. Streaming is strong, but a big piece is being done at reduced rates or even for free. At the close the stock was $101.06 -2.12 but after a small rally, the conference call started and after the company disclosed it is suspending its dividend for the first half it slid to 99.25. BYND reported good sales growth and the recent closures of several major meat processing plants has been buoying prices. The stock has rallied off an April low of $57 and closed today $100.16 +5.00 and is currently trading $105 + $5 more.
Two companies in the same business, EA and ATVI went in opposite directions. EA was a miss and after closing $119.61 +2.78 it fell t0 112.12 and is currently 113.98 – 5.62. Activision (ATVI) beat handily and it had closed 68.53 +1.83 and is now $72.40 + 3.87 more. Pinterest (PINS) had risen from a low of $10.10 last month to close $20.81 -.62 but missed on several metrics and has traded down to $16.70 and is $17.15 – 3.66. Also, on the bad news side, UAL finished $24.12 -1.14 (4.5%) and Norwegian Cruise (NCLH) warned about it continuing as a “going concern.” The stock is down from $60 and finished the day $11.18 -3.26 (22.58%).
FOOD SUPPLY: was HIGHER with TSN +1.57, BGS +.77, FLO +.11, CAG -.03, MDLZ +.19, KHC +.02, CALM -.39, JJSF +2.66, SAFM +1.97, and LANC +7.67 (5.68%).
BIOPHARMA: was HIGHER with BIIB +9.46, ABBV +4.14, REGN +32.55 (6.01%), ISRG +15.01, GILD -1.54, MYL +.05, TEVA +.31, VRTX +7.81, BHC +.10, INCY -2.17, ICPT +1.71, LABU +2.58 and IBB $127.00 +2.45 (1.97%).
CANNABIS: This group was LOWER with TLRY -.27, CGC +.10, CRON -.08, GWPH +.72, ACB -.012, PYX -.74, NBEV -.02, CURLF +.06, KERN -.01 and MJ $11.90 -.05 (.42%).
DEFENSE: was HIGHER with LMT +10.14, RTX +.15, GD +1.72, TXT -.34, NOC +6.18, BWXT +3.09 (6.05%), TDY +1.22 and ITA $147.45 +.01.
RETAIL was MIXED with M -.06, JWN -.52, KSS -.27, DDS -1.31 (4.8%), JCP -.0145, WMT +1.04, TGT +.14, TJX +.14, RL +.45, UAA -.31, LULU -.48, TPR unch., CPRI -.07, and XRT $36.16 +.31 (.86%).
FAANG and Big Cap: were HIGHER with GOOGL +36.89, AMZN +7.98, AAPL +5.54, FB +2.39, NFLX -1.65, NVDA +3.94, TSLA +12.31, BABA +4.50, BIDU +.84, CMG -5.75, CAT +1.96, BA -4.96, DIS (see above), and XLK $91.45 +1.37 (1.52%).
FINANCIALS were MIXED with GS +2.97, JPM +.01, BAC -.19, MS -.02, C -1.15, PNC -1.61, AIG +.73, TRV -.06, AXP +.62, V +2.29, and XLF $21.79 -.07 (.32%).
OIL, $24.56 +4.17. Oil was higher overnight and the rally continued on all day. The stocks were mixed with only the big names moving higher. XLE closed $37.52 +.43 (1.16%).
METALS, GOLD: $1,710.60 -2.70. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. We were stopped out of our position in the 5/15 165 calls and I replaced them with the $163 strike. We are also long NEM.
BITCOIN: closed $8985 +50. After we traded in the uptrend, I mentioned this weekend that I felt we would have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher with a high of 9560. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $10.02 + .05 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

For Trading May 6th

For Trading MAY 6th
Oil +20% Again
Rally Fades by Half
Today’s market got off to a strong start yet again but at the end of the day we had two down waves starting around 2:45 that cut gains by about 2/3. Market internals were a bit on the soft side with NYSE A/D only 4:3 and NASDAQ 17:15. Volume was lighter than the past few days and the DJIA had 21 up and 9 down. The biggest losers were BA -41 and MCD -18 DPs while the gainers were UNH +37, AAPL +30 and HD +26 DPs. All these names were higher before the last hour with AAPL trading $301 but finishing $297.80. The news of the day on the economy was not great. ISM Non-manufacturing Index for Aprildropped to 41.8from 52.5 in March. 50% is the breakpoint for expansion/contraction. The trade balance showed a widening in the deficit to $44.4 billion from $39.8 in February. Exports were down $20 billion. Tomorrow we have the ADP Employment change report for April and weekly MBA Mortgage applications.
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: https://discord.gg/ATvC7YZ 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 https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://drive.google.com/file/d/1RxpgADmtffzTPWRgeZ_UrfL4LszWvZR1/view?usp=sharing
SECTORS: Earnings played a part in today’s market. NEM was a strong report and the stock, already up from $58 on Friday finished the day $64.91 +2.17 (3.46%), DIS was the big loser with volumes down due to closed parks and no production taking place at the studios. Streaming is strong, but a big piece is being done at reduced rates or even for free. At the close the stock was $101.06 -2.12 but after a small rally, the conference call started and after the company disclosed it is suspending its dividend for the first half it slid to 99.25. BYND reported good sales growth and the recent closures of several major meat processing plants has been buoying prices. The stock has rallied off an April low of $57 and closed today $100.16 +5.00 and is currently trading $105 + $5 more.
Two companies in the same business, EA and ATVI went in opposite directions. EA was a miss and after closing $119.61 +2.78 it fell t0 112.12 and is currently 113.98 – 5.62. Activision (ATVI) beat handily and it had closed 68.53 +1.83 and is now $72.40 + 3.87 more. Pinterest (PINS) had risen from a low of $10.10 last month to close $20.81 -.62 but missed on several metrics and has traded down to $16.70 and is $17.15 – 3.66. Also, on the bad news side, UAL finished $24.12 -1.14 (4.5%) and Norwegian Cruise (NCLH) warned about it continuing as a “going concern.” The stock is down from $60 and finished the day $11.18 -3.26 (22.58%).
FOOD SUPPLY: was HIGHER with TSN +1.57, BGS +.77, FLO +.11, CAG -.03, MDLZ +.19, KHC +.02, CALM -.39, JJSF +2.66, SAFM +1.97, and LANC +7.67 (5.68%).
BIOPHARMA: was HIGHER with BIIB +9.46, ABBV +4.14, REGN +32.55 (6.01%), ISRG +15.01, GILD -1.54, MYL +.05, TEVA +.31, VRTX +7.81, BHC +.10, INCY -2.17, ICPT +1.71, LABU +2.58 and IBB $127.00 +2.45 (1.97%).
CANNABIS: This group was LOWER with TLRY -.27, CGC +.10, CRON -.08, GWPH +.72, ACB -.012, PYX -.74, NBEV -.02, CURLF +.06, KERN -.01 and MJ $11.90 -.05 (.42%).
DEFENSE: was HIGHER with LMT +10.14, RTX +.15, GD +1.72, TXT -.34, NOC +6.18, BWXT +3.09 (6.05%), TDY +1.22 and ITA $147.45 +.01.
RETAIL was MIXED with M -.06, JWN -.52, KSS -.27, DDS -1.31 (4.8%), JCP -.0145, WMT +1.04, TGT +.14, TJX +.14, RL +.45, UAA -.31, LULU -.48, TPR unch., CPRI -.07, and XRT $36.16 +.31 (.86%).
FAANG and Big Cap: were HIGHER with GOOGL +36.89, AMZN +7.98, AAPL +5.54, FB +2.39, NFLX -1.65, NVDA +3.94, TSLA +12.31, BABA +4.50, BIDU +.84, CMG -5.75, CAT +1.96, BA -4.96, DIS (see above), and XLK $91.45 +1.37 (1.52%).
FINANCIALS were MIXED with GS +2.97, JPM +.01, BAC -.19, MS -.02, C -1.15, PNC -1.61, AIG +.73, TRV -.06, AXP +.62, V +2.29, and XLF $21.79 -.07 (.32%).
OIL, $24.56 +4.17. Oil was higher overnight and the rally continued on all day. The stocks were mixed with only the big names moving higher. XLE closed $37.52 +.43 (1.16%).
METALS, GOLD: $1,710.60 -2.70. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1788 last Wednesday. We were stopped out of our position in the 5/15 165 calls and I replaced them with the $163 strike. We are also long NEM.
BITCOIN: closed $8985 +50. After we traded in the uptrend, I mentioned this weekend that I felt we would have to test 6750 and yesterday we hit 6465 before turning back up. Today’s action was a continuing move higher with a high of 9560. While I want to add the 350, I still want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $10.02 + .05 today.
Tomorrow is another day.
CAM
submitted by Dashover to FuturesTrading [link] [comments]

Ariel Ling, COO of BitMax.io (BTMX.com) Exchange, Shared Insights of Crypto Industry (Part IV)

Ariel Ling, as the co-founder and COO of BitMax.io (BTMX.com), was invited to the interview by Fred Schebesta, the CEO of Crypto Finder (Finder.com). Ariel has 18-year progressive executive experience in strategic planning, business development, budgeting and financial analysis risk management, regulatory program implementation, and process improvement for operational efficiency. She has an in-depth understanding of capital market products (stocks, fixed income, foreign exchange) in financial services and the development of international banking strategic trends (M&A, market structure, regulatory reforms and their impact). Her lustrous career on Wall Street made this interview a popular link on YouTube.
(Link: https://www.youtube.com/watch?v=WBYK-w2uxWc)
F: Do you believe this going to help bring more institutions into the space?
A: I am not very familiar with TokenSoft. It really depends on who are the backers, institutional backers of this venture. If the institutional backers of this venture are well regarded, are reputable, absolutely. Because at the end of day if you look at the value chain, the exchanges they are doing trading, they are doing broker dealer, they are doing wallet management themselves, and they are doing custody themselves. It becomes very nebulous. So for TokenSoft, they understand security token, which means under my prediction, it’s completely regulated just like securities. For securities, you must have a custody, and you must have a clearing house. Those are inevitable. So for them, they want to take a step ahead, and I also think that’s a smart move.
F: And we had T0 exchange launched just last week as well. Let’s get back to that question. From a broader base of adoption in the space, for 2019, Ariel, what’s your prediction in where those are going to be cleaned up?
A: I can’t predict the regulatory progress because it really comes down to how each step the government takes; sometimes it takes longer, and sometimes it takes shorter. And when the lawmaking takes place, it always takes more time to get implemented.
F: Yes. And we also talked about the digital asset, the tokenization of asset.
A: Yeah, when I’m looking at it, there are people always saying there’s coin, and there’s token. So I like to use the word: digital asset. So there’s one aspect of currency coin. Those are typical like Bitcoin, Ethereum, and stable coins. So their functionality is actually getting interesting. The origin of Bitcoin is really a payment processing platform. So their development is kind of like FX. You can either hold it, hoping the value goes up, or use it to buy product and services. So they’re like foreign currencies. And there is the other aspect, securitized token. So the token itself would present, whether equity or debt, certain percentage of the underlying project or underlying venture. So for those, as long as they pass certain security test, they are treated as securities. From security trading perspective, if you look at how the Wall Street is structured, and how the US equity trading market is structured, it’s very simple. №1, You must have a broker dealer license in order to take the client order and to put on the risk; №2, all what exchanges do is order matching, and then providing liquidity to the market right? On the primary market it’s IPO, while on the secondary market it’s trading. And after the exchanges trade it, execute it, and then the clearing house comes in to make sure the books and records are verified. Money is moved from the banks to the brokerage accounts. And then the custody piece is that everybody can pick their own custody to hold the assets. So those are the components where I think for the US, the regulator has to make a very strong distinction between what will be subjected on CFCT, what is currency, or what is commodity, and then the rest of it falls under the SEC regime and what it takes — Is it the same as equity or slightly different? This I would think is similar to UK where the FCA has to think about as well. That leads to an interesting dynamic about utility token. This is where I don’t have a particular view, because utility token value is very diminished if you take the token outside of this particular platform. So it is designed to be used on a platform. So this is where I am actually interested in. I want to see how that gets developed from a regulatory perspective. And from a BitMax.io perspective, we put actually a bit more stringent requirement on ourselves. When we list a utility token and when we design it, we just follow the security markets. For example in US, that’s why you need a trusted custody structure just to support that. And in BitMax.io, it’s crypto to crypto; there is no fiat. So that aspect diminishes a little bit. And from a market trading manipulation surveillance perspective which is very heavy for equity, for example, if you trade anything, the regulator will get your report in real time, knowing every single step. So nobody could actually manipulate the market. We also take the same stand for our exchange. We monitor the volume, and we monitor trading behavior. If there’s someone abusing the market, meaning a robot or anything, we identify the account, we notify the account owners, saying whether it is wash trade or whether this is artificially to jag up the price and then dump it, and we give the time to correct. And if he/she doesn’t, we basically freeze the account. So the users can see that it is a fair market. We have probably applied this called market manipulation kind of rule. This is very classical for equity trading. Every single exchange must demonstrate the capability and behavior to do that.
F: OK. Two last things. You have been through four crises as you said through, like the dot-com bubble, Sarbanes Oxley, Lehman Brother collapse and European financial crisis. From your experience seeing all the rise and bust, where do you think we’re at in the cryptocurrency market.
A: I think this goes back to the trading aspect, depending on whether this is a V down or a U down or U curve. So the U curve is basically when the market collapses, it takes a longer time to find a bottom. It takes a longer time for the market to find the equilibrium. And once they find it, they rise up. Or, it’s like a quick collapse. It’s down very fast and reaches the bottom. And then, there’s some catalyst event, either catalyst from a market structure, or catalyst from the market expansion itself. Suddenly it gives a boost. And then it bounces right back up. So when I look at what is happening with digital asset or crypto trading, it’s a bubble to the extent, but it’s also a market correction. And I always compare this to the internet bubble to some extent, because I remember very vividly when I first started working in 1999 on the Wall Street, the Internet was so hot that you could get an IPO without even having a website. And Nasdaq peaked in basically 2000. But then, it collapsed. It took until 2015 for Nasdaq to reach back to the last peak. So you can see how many bubbles right about dot-com because people literally just forget about the economic valuation, the intrinsic business model that kind of aspects of it. So when you look at what happened in the crypto, the Bitcoin peaked at December of 2017. Around that period, there were many many projects that could raise money so easily. This is what we call air-projects. Do they really have fundamentals? Do they really have a viable business model? Do they really have a solid user base? If they do not have those three, then you would expect what would happen when people recognize the value of that token is not sustainable, going back to my finance view. When people see through that, with Bitcoin itself it’s going through a hard time, the rest of the altcoins are actually crushing a lot more dramatically than Bitcoin. So where do we see the balance, it is just my personal view that there are couple economic theories, and one of the theories is about cost. In the financial crisis, the worst, darkest day of banking crisis is the Lehman collapse. I was right in Lehman when they fell off the cliff. And then the domino went from Lehman to Morgan to every single bank. Every single bank felt the pressure. The bank stocks got depressed so hard. At that time one of the things from investors, especially those really smart traditional investors, was looking at the book value. So if the bank stock price, was lower than a quarter of book value, of course it was a value play. It’s below the cost, basically. So you go back to Bitcoin. Assuming it costs 3,000 dollars to mine a Bitcoin, maybe that’s where certain value investor will hold a view like from a valuation perspective that if the valuation is lower than what it takes to make it, it can be called a good value. So this is where it goes back to the market that from a trading perspective, the volatility you could see where there might be some breakthrough of different resistance levels. But at the end of day, it’s all about finding the equilibrium from a valuation perspective. When it hits there, then you will see the value investors come in. If it’s cheaper enough, there are more people who will probably look into it. So when it’s 20,000 for Bitcoin, do you know how many people can afford it? Maybe not, but what if it’s getting down 4000, 3000, and especially for certain countries are way more developed than certain countries, where people understand the liquidity and usage behind Bitcoin like you can use it, you can buy piece of coffee from Starbucks. Then it comes down to the value. So right now I think it really goes back to the fundamental from a finance perspective. It’s finding the valuation, the intrinsic value. Whether it’s currency token, or it’s an altcoin from a security type of token perspective.
F: Alright Ariel. That was incredible. We asked everybody on the show that what the price they think is going to be of Bitcoin on New Year’s Eve 2019 the clock strikes 12:00. We had a whole series of predictions last year in US dollars. What’s your prediction for the price of Bitcoin?
A: I think right now… hmm the Bitcoin right now is what? 35 hundred?
F: We are trading at 3468 dollars.
A: I don’t know. It’s crazy. I actually really like Bitcoin. I mean I like Bitcoin more now because it’s cheaper and I can buy it. But when you look at it before the crisis hit, I already hoped by the end of year if they could get back to 5000 I would be really happy, because it’s pretty much a psychologic level.
F: Okay.
A: Let’s hope for that.
F: Awesome. Ariel, thank you again for coming on to the show, and your incredible insight into the Wall Street market right now. And do check out guys on BitMax.io! We’ve got margin trading and some derivatives coming up, some new improvements we can see on the platform. Thank you very much again Ariel! We will see you guys TOMORROW!
submitted by BitMax_Support to BitMax [link] [comments]

My suggestion to Bitfinex on what to do next

First off, before I get into some specific recommendations, I'd like to state my OPINION that the situtation IS manageable. Right now BFX has lost 119k coins worth roughly ~60m. Due to how they handled open positions for non-affected accounts, many users were likely rekt in the volatility swing. At last count BFX had ~40m in USD margin funding outstanding... they may have benefitted to the tune of millions from forced liquidations. BFX may also hold a non-negligible sum (millions $) of Ethereum Classic, which has dramatically soared in price over the past 48 hours on insanely high volume. As one of the worlds largest, and likely profitable, Bitcoin companies, BFX is likely valued north of $200m if they can salvage their brand (feel free to disagree with me on that, but I'm not off by far).
Given these strengths I think there's a path forward for BFX where they can make customers whole over time, in a completely transparent way, and survive as a company.
  1. Maintain the level of transparency Zane is demonstrating, it's relieving a lot of the fear and uncertainty. Sure it sucks, but at least we know exactly how much is sucks and conspiracy theories are not flying (yet).
  2. Keep withdrawals/deposits closed for now, but allow trading to resume and users to access their accounts and survey damage. This high volatility represents precious fees you need to be collecting.
  3. Figure out what happened security wise and be working to get deposits/withdrawals ready as soon as can be done safely. Allow non effected currencies (ETH, ETHC, LTC, USD etc...) to be deposited/withdrawal.
  4. Release information on the % of Bitcoin holdings that were lost, there needs to be a decision made quickly on how to handle customer losses... do you silo losses to hacked addresses or do you socialize losses? I (personally) think if hacked bitcoin represent less than 20% of deposits, you consider socializing losses until full repayment is possible. If 50%+, I think you consider silo'ing losses to the compromised addresses until they can be repaid in whole.
  5. Issue an IOU coin with a fixed btc or usd "face" value. Allocate some % of trading fees, or margin lending fees, as regular dividends to the IOU coin, allow the IOU coin to be traded freely amongst users and a market price to form on BFX. BFX can purchase the IOU back at any time at its Face value (say 1 IOU for 1 BTC) Effectively this IOU will be treated like a bond, as confidence grows in your ability to payout for IOU holders, the value of the IOU will approach its face value... users who need liquidity most will be able to sell NOW at a steeper discount to those who are willing to speculate on seeing full face value. Be 100% transparent with the entire accounting process behind this...
  6. Get creative with revenue streams, depending on how many people owned that 120k btc, you now have a built in customer base of 10's of thousands (my guess) who will evangelize your products if it means more fees generated and faster repayment for them. This means add new crypto and fiat currency pairs, allow users higher leverage trading products, trade high fee products like mining derivatives or legal crypto-equity (Overstock's T0 financial products for example).
If executed well I think this starts to narrow that gap fairly quickly and users could be repaid in less than two years. Bitfinex would have an amazing reputation as the exchange that did what ever it took to make their customers whole while maintaining their integrity.
It's late and I've been up all night so this might read partially incoherent, but I think there is a path forward. Thoughts on this? Suggestions of you own?
submitted by davidbaileybtcmedia to Bitcoin [link] [comments]

05-30 08:44 - 'Simple Excel Calculator to Track your Bitcoin Trading Profits using FIFO' (self.Bitcoin) by /u/pksoni removed from /r/Bitcoin within 195-205min

'''
Spreadsheet is ready to calculate FIFO Profits up to 2000 transactions, which can easily be extended further by dragging the formulas as per your requirement.
[Bitcoin Cryptocurrency FIFO Gain Excel Calculator]1
You will just have to put Transaction Type (buy or sale), Date Transaction, Bitcoin Quantity and Price. Sheet will display important data for every row:
You can purchase this tool from Eloquens.com marketplace for USD $10 only. LIFO (Last in First Out) and Google Sheet versions are also available.
FIFO Profit Excel Calculator: [[link]5
LIFO (Last In First Out) Profit Excel Calculator: [[link]6
You can purchase it for Bitcoin or other cryptocurrency from [**[link]7
'''
Simple Excel Calculator to Track your Bitcoin Trading Profits using FIFO
Go1dfish undelete link
unreddit undelete link
Author: pksoni
1: r*d**t.com/link/b*pal9/vi*eo/t0*d*vnz*a13*/p***er 2: www**loqu*ns.*om/*ool/3MdIA*/e*gin*eri*g/***pto*urrency-ex*el-templa*es/bi*coin-*rypto*urre**y-f**o-*r***t-***cula**r-for-taxatio* 3: www.*lo*uens.com/**ol/3B4lfy*X*eng***ering**ryptocu*re**y-excel-templat*s/bi*coin**r**to*ur**ncy*l**o-last**n-f*rst-out*Pr*f*t-calc*la*o*-fo*-taxa*io* 4: w*w.fifocalc***tor**om 5: w*w.eloquens*co***ool/3MdI*v/engi*eering*c*ypt*cur**n**-excel-t*m**ates/bitco*n***y*t*cu**en*y-fifo-**ofi*-c**cu**tor-for-taxat*on]^^2 6: ww*.el*quens.com/tool/3B4lfy9X/*ngin*er*n*/**yp*ocu*r*n****xcel**e*plates/bitcoin*c*yp*ocur*ency-l*fo-*ast-*n-first-out*Pr*fit-**l**l*t*r-f*r**axation*^*3 7: www.fifocalculator.com**]^^4
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Why so much speculation

Short answer
If people are incapable of estimating the correct number logically, the only method to the answer is by genetic algorithm where cloud wisdom hopefuly takes time to solve and volatility is inevitable.
Long answer
Believe it or not, the valuation of a currency-purpose asset is in fact much easier than the valuation of a stock. To be a currency-purpose asset, a somewhat universal valuation opinion must be among the mass. For a stock, on the contrary, one needs to evaluate many factors such as marketing/product/… and people have different opinions about the possible gain of a stock.
Every asset has a production cost, the piece of paper of stock certificate has little production cost. For currency-purpose asset, the production cost is thought to be independent of W-questions such as "who produces this asset", "where is this asset produced", "how many sale a producer has done", …etc. It is this property that the so-called universal opinion is formed. Money is also supposed not to have capital gain like stocks such as "I will have a generous dividend next year", so there is indeed not a "calculate the present value of all future gain by having a stock" but a "global understanding of the cost to fake/rollback/cheat a trust" for currency-purpose asset.
Let
Story 1 Assume all miners calculate the production cost in the coming 8 years and users are not investors. Let's express price in real term so that weird fiat monetary policy has nothing to do with the following argument we shall focus on.
The equation for cost of the production is 0 = KI + sum(KT - ( F+C(t, t+2)) * P, from t to t+2)
Therefore P = K * (T + I/210000 * 2 )/(F + C(2.41, 4.41)). Note that C(2.41, 4.41)=7.4515 so the miner will sell at least at this price. A user, as a non-investor who never cares P, may buy the coin from the miner and sell the coin for a merchant service/goods who will adjust the service bitcoin-nominated price with P accordingly. For your curiosity, by current data, the P by Story 1 is 3.49444E+11 Joule.
Is the Story 1 reallistic ? Not at all.
What about a miner who is thinking to run the business till t1=3 only. Then C(2.41, 3)=12.5 and this miner can undercut other miners in Story 1. Every users, as non-investors, do not care any bit about P because the user will always need to commit the same real-term service price from the merchant. Being undercut means death, so all the miners will split the pricing logic so that two P numbers, one for time 2.41 to 3, the other for 3 to 4.41; for your curiosity, C(3, 4.41) = 5.3413
Story 2 As the miners competition settled down, the P is not constant any more; there will be two P numbers, one, being lower, for time 2.41 to 3, the other, being higher, for 3 to 4.41.
Is the Story 2 reallistic ? Not at all.
What about a user who starts noticing that the P will increase and being investors is a good deal. While this user may observe the increasing of P empirically but never logically understanding, knowing nothing about math and miners' plan, this user will speculate between market price of P; he might buy at 5000 and see it explode at 10000 and take profit at 6000 (in USD term) and has no idea the 5000 may be much lower than the correct number. Should the P is pricing at the correct number so that there is no room between the two P, speculators are gone and people are comfortable the stable price with store-of-value and media-of-exchange.
Is the Story 2 realistic ? Not at all.
What about a hobby miner wants to be investor too and starts mining from time 2.41 to 3 and never sell all the coins for users but only pay partially little for the electricity while price bullish and keep the rest coins as investment for himself after time 3 ?
Story 3 Being also speculation. While other users investors may increase the volatility (mainly because being without fundamental knowledge but rather TA or market-sentiment orientated traders), this move will shrink the room between the two P and therefore decrease the volatility of P. So the ratio of time 2.41-to-3 miners to time 2.41-to-4.41 miners increases up to the two P are equal then no more new miners of such plan.
Is the Story 3 realistic ? Not at all.
What about there are miners/investors for all possible time frame t0 to t1 in the future ?
Let
Story 4 Therefore, the only setting where no arbitrage for miners and investors is such that P=KT/F and the graph of (Kt + K ) / K is like this.
We know T and F and the ratio of Kt/K, but what is exactly K ?
No one really knows. K could be low or high, one can only guess by observation. We know the difficulty is proportional to hash rate and hash rate is proportional to Kt and K. So you can see the graph of difficulty to have a guess of K. Should the two graph looks similar, we know people are finally logical and feel delight. By the difficulty graph and miners' time frame to amortize fixed cost so that it can be averaged out, taking the current global hash as K and updating it as time goes by may be a good guess. For your curiosity, currently KT/F is 2.13007E+12 Joule.
BUT. It is not logical to assume people are all logical. If people are never logical and never investors, a graph of KT/( F + C(t, t+1) ) which is increasing till KT/F shall resemble the graph of P. If some people are logical and some are not, the empirical graph will be hysterical around and between.
I tend not to comment about pricing in public. But since I know wall street and I know what wall street knows, feeling sad about the mass, bear me. I thought these information could leak to the mass if there were future contracts after each halving date, but no luck for such contracts.
Credit: not me. I knew this long after someone knew it.
submitted by LucSr to BitcoinDiscussion [link] [comments]

Who Accepts Bitcoin?

Who Accepts Bitcoin?
Bitcoin is the, without doubt, the biggest cryptocurrency. Many major companies around the world are now accepting bitcoin payment for online goods and services (in Denver, you can even use Bitcoin to pay for your parking!) An aggressive campaign led by Coinbase (where $1 million worth of transactions were processed for free) prompted large companies to start accepting bitcoin by using third-party services like Bitpay & Cryptopay. As the trend has been started it appears to be growing, so who accepts Bitcoin? There are some surprising companies and we’ve listed them below.
Who accepts Bitcoin?
KFC Canada – The world’s largest chicken franchise – KFC, is allowing customers in Canada to pay for “The Bitcoin Bucket” using bitcoins for a limited time. “The Bitcoin Bucket”, a themed container can be purchased for $20 CAD, and is delivered to customers. The digital currency is accepted only via BitPay – an online payment mode and does not encourage customers to pay crypto at the cash counters.
Overstock.com – This large online retail store sells electronic products at minimal prices due to excess stock. Overstock.com allows customers to buy using bitcoin. It is the first major retailer to accept bitcoins and other major cryptocurrencies.
Subway – Subway in Buenos Aires has begun to accept bitcoin as a payment method. The belief is that accepting bitcoin as a method of payment would increase business.
Microsoft – The tech giant Microsoft is enabling users to create a Microsoft account in which the user can deposit Bitcoin. A well-structured process allows users then, to utilize these funds for purchasing movies, games, and apps in Xbox stores and Windows.
Reddit – Reddit; a community that provides thousands of your favorite things. It allows you to buy premium features with bitcoins.
Virgin Galactic – Bitcoins are taking the place of old conventional currencies at a fast pace. Sir Richard Branson, founder of Virgin Group including Virgin Galactic, Virgin Mobile, Virgin Airline, (and many more) has said that Virgin is accepting bitcoins to reserve tickets for a space travel. Branson feels that Bitcoin is a low-risk option; he has invested in it in the past and encourages others to do so now. Space travel costs 98 bitcoins or 250,000 US Dollars.
OkCupid – OkCupid, the world’s most popular dating site has started accepting cryptocurrency. By partnering with Coinbase, OkCupid allow users to subscribe with bitcoin. The costs for a “premium subscription” list called the “A-List”, can be up to 0.10 bitcoins or $10 a month.
Namecheap – A domain name registrar and web hosting company with nearly 3 million domains are accepting the digital currency as a method of payment for their services. Namecheap is the first company among numerous domain name registrar companies to accept bitcoins for registering a website, hosting domains, etc.
CheapAir.com – Now, you can spend a little of your cryptocurrency on airline reservations, hotel bookings, and car rentals. CheapAir.com, a travel booking site enables customers to purchase both domestic and international flight tickets with bitcoin. It is the only company to accept bitcoin currency for air travel and customers can pay from their Coinbase wallets.
Expedia.com – The exclusive online travel booking agency Expedia, has partnered with Coinbase to create a bitcoin payment option. Since June 2014, Expedia users have been able to book their hotels with bitcoins. As of now, Expedia is accepting digital currency only for hotel bookings.
Gyft – Gyft, a leading digital gift card retailer offers gift cards in exchange for bitcoin. The association of Gyft with Coinbase ensures that bitcoin payments are made via a Coinbase wallet. Gift cards can be redeemed or used to purchase goods at over 200 retailers.
Newegg.com – Popular online computer hardware and electronics retailer now accepts bitcoin as payment. With bitpay as the digital currency processing partner, Newegg expects to see higher sales in certain product categories.
Wikipedia – Wikipedia, the free online encyclopedia with more than 4,570,000 articles has established a partnership with Coinbase to accept donations in the form of virtual currency. To provide users with an ease of choosing payment options, Wikipedia’s donation page is now flexible to make one-time or recurring donations using bitcoin.
Alza – The biggest and most successful Czech e-retailer store has introduced bitcoin payments for shoppers. In many of its showrooms, bitcoin ATMs are available to facilitate smoother transactions for those paying in bitcoin. It is accepted via BitPay.
The Internet Archive – The internet archive provides free access to web documentation such as music, software applications, games, and so on. It has expressed its interest in accepting digital currencies as donations. This nonprofit organization assures its supporters to use bitcoins to enhance its operations and achieve its mission of providing free and secure services to the public.
PizzaforCoins – Want pizza? Order now and pay using bitcoins at PizzaforCoins. Any pizza joint including Pizza Hut, Dominos or Papa John’s is available with this service. Order now, enjoy your meal and pay with bitcoins. It also accepts more than 50 other cryptocurrencies.
Reeds Jewels, Inc. – At REEDS.com, you can shop exclusive jewelry, watches, and loose diamonds with your bitcoins using a bitcoin wallet like Coinbase. Reeds Jewels has brick-and-mortar stores in 13 states and also offers online shopping. Purchase of loose diamonds is complimented with a free delivery.
Shopify Stores – Looking to spend bitcoins? Shopify – an e-commerce platform, helps merchants to sell their commodities through an online platform similar to eBay. Shopify has recognized digital currency and is integrated with BitPay to simplify the payment process.
Final thoughts…
Many companies are embracing digital currencies by partnering with crypto platforms to transfer digital funds in exchange for goods and services. Though many of the larger companies have started t0 accept bitcoin, so many are still lagging behind and have yet to jump on the band-wagon. The reality is that the future of online shopping is definitely heading towards virtual currencies and the time has come for bitcoin to be a staple payment option when you reach the tills. If you’re not in, you can’t win.
The source of this article: CryptoCurrency News
https://preview.redd.it/u8ha9x7d70i11.png?width=1280&format=png&auto=webp&s=7b7d3710b06e187e669338c5a496a065a3f7d8d2
submitted by Lumi_wallet to LumiWallet [link] [comments]

Proposition : The only thing that matters for Bitcoin to succeed is its ability to be a good store of value

Proposition : The only thing that matters for Bitcoin to succeed is its ability to be a good store of value.
Let me say it again. Bitcoin might be completely crap on the transactional side, you might have to wait 3 days for each transaction to confirm and pay 10$ : if it is a great store of value, it will succeed nevertheless, it’s market cap will become huge and we will all be rich. If it is not a good store of value (because, for exemple, it is perceived as unsafe) it will fail.
Now you might think it is ludicrous, absurd. So let me try to convince you otherwise.
But first, I would like to make a point. The point is that there is no difference in theory between value storing and speculation.You might think it is completely different things, and it may well be in practice for the average Joe, but from a theoritical point of view, there is no difference. In both cases, if you are a rational economic agent, you buy some asset X at time t0 (witch might be dollars, euros, gold, etc...) in order to spend it latter at time t1. In the mean time, you expect asset X to be the best possible investment (speculation) because otherwise you would have chosen another asset Y, wich you could exchange at time t1 for more X (having more of someting is always better). So the best store of value is the best way to teleport your wealth in the future, it is also the best asset to speculate on. (The reason I say it is true only in theory and not in practice is because in practice there is something called risk aversion, suffice it to say that it can be mitigated by special agents (invesment funds, etc) and in the end what really matters is the expected value of the asset : EV = p1x1 + p2x2...)
Now you might try to recall why you bought bitcoins in the first place. Let me refresh your memory : You bought bitcoins because you thought it was a good way to become rich. I know it because I bought bitcoins for the exact same reason. In other words, you speculated on bitcoins : you used it as a store of value. Many people thought the same way and this is the reason why Bitcoin today has a 3 billion dollars market cap. Now this might not be a proof that the store of value side is so important, you might think of yourself as a special snowflake who bought bitcoins early for this specific reason, but expect others to use bitcoins for very different reasons. But still, it suggests that this speculation side of things may not be completely irrelevant.
Now you may have heard about the transactional value of bitcoin and the famous formula MV = PQ. This certainly suggests that the medium of exchange side of things might be important after all. For exemple, there was recently a post from someone arguing that bitcoin was on the verge to world domination because banks were going to use it as an inter-bank medium of exchange. I’m affraid, even if it is true (and it may well be) that it will have no impact whatsoever on the price of bitcoin. It would be good publicity though, but nothing more. Now why do I say this ? First some empirical evidence : when merchants all over the world began to accept bitcoin, it did not increase the price contrary to what many expected (including myself actualy). On the contrary, it seemed to depress the price more than anything else. The reason, I believe, is that it incited people to spend bitcoins wich where automaticaly dumped on the market by the merchants, creating selling pressure. Now if every bitcoiner had rebought the same quantity of bitcoin they had just spent in order to conserve their speculative exposition to bitcoin, it would have had no impact at all, but it was not the case. The truth is, the transactionnal value of an asset depends solely on the time both parties have to be exposed to the asset in order for the transaction to complete. In the limit that this time tends to zero, the impact on the asset price also tends to zero. It is obvious, because if you buy 1 bitcoin on an exchange and then re-sell it immediatly, it can not have any long term impact on the price. You may not agree with all this but I think many will agree, so I will jump to another point and defend this thesis later if needed.
Now I would like to make another point : If bitcoin succeeds as a store of value and it becomes the standard way to store wealth in the world, it will nescessarily also be used as a medium of exchange, because why wouldn’t merchants accept it in a world where everybody saves in bitcoin ? I am affraid, however, that the reverse is not true. First, if all you savings are in dollar, why on earth would you not directly buy your stuff with you dollars ? Well there are some cases where you might want to use bitcoin : To buy drugs on the darknet, to buy porn on the internet, etc.. But this will only ever be niche use cases, and even if it became fashionable, it would’nt change the fact that these kind of use have no impact whatsoever on bitcoin price. In fact they are dependant on bitcoin market cap to be sufficiently large, (ie being a good store of value/investment in the eye of many people) : If bitcoin market cap was 10 dollars, you obviously couldn’t use it to buy $50 worth of meth on the darknet. It doesn’t mean the market cap would magicaly grow to allow such use as a wrong understanding of the MV = PQ formula might suggest. It would just mean that bitcoin could not be used for this, and would not be used for this. In other word, it would be useless.
Now what is the relation between bitcoin market cap and it's qualities as a store of value ? It is simple : if bitcoin is not a good store of value, nobody will want to hoard bitcoins, so everyone who is currently hording will want to sell, and noboby will want to buy. In other word, the value of bitcoins will be zero. And when the market cap is zero, it can not even be used as a medium of exchange anyway.
So let us analyse bitcoin qualities as a store of value. First there is the dilution/inflation/scarcity aspect. With a fixed supply of 21 million coins, bitcoin pretty much scores A+. It is just impossible to imagine something better. But alas, there is another aspect to consider : for bitcoin to be a good store of value, it has to be safe. If there is a 20% probability that Bitcoin will stop working within one year, for whatever reason, you have to take that into account. And suddenly it doesnt look like a great store of value anymore. So bitcoin resiliance is of the utmost importance, it is actualy, I believe, the single most important factor that will determine wether it succeeds or not. Let me say it again : Bitcoin success depends solely on its resilience as a store of value. And what bitcoin resilience depends on ? On decentralisation. The one single distinguishing feature of bitcoin. This is why, I think, we should concentrate on this aspect, more than anything else. It is also why, I think, Gavin Andresen and Mike Hearn are just plain wrong. They want to sacrifice some security (decentralisation) to improve transaction bandwidth, while in reality, security is many,many many orders of magnitude more important that anything related to transaction bandwidth. Now you may not agree with this way of seeing things, and that’s ok. I just wanted to explain this theory so that everybody can think about it and come to his own conclusion. If I am wrong, please try to change my mind, I may have forgoten something, my logic might be wrong, etc... Bitcoin is a communauty and we must think together about these issues and try to reach, together, a better understanding. In the meantime, HODL to your coins !
Finally, I would like to say that I am not a native english speaker so this might explain the poor english.
EDIT All this is inspired from http://unqualified-reservations.blogspot.f2011/04/on-monetary-restandardization.html "In any economy, there exists no less than one commodity or security of inelastic volume which is overvalued due to reservation demand. Ie: one scarce good which is money."
EDIT 2 I should not have talked about Mike Hearn etc... and entered the block size debate. My point on the importance of the store of value side of things is independant from the block size debate.
submitted by toddler361 to Bitcoin [link] [comments]

[ANN][ICO Running] Wrapper. I2P Market. Zerocoin Source and Fourier Protocol

Wrapper. http://wrapperproject.com/
You can read the first version of the whitepaper: http://wrapperproject.com/wp-content/uploads/2016/11/WrapperWhitepaper1_0.pdf
ICO Link - https://c-cex.com/?p=wrp-btc The ICO (Initial Coin Offer) of 10 Million WRP will be conducted by c-cex.com. You can read the ICO terms here. The offer will last three weeks, with rewards for early investors. The price schedule will be the following: First week (12/11/16 16:00 to 19/11/16 18:00): 1.0510-5 BTC/WRP (30% reward); Second week (19/11/16 18:00 to 26/11/16 18:00): 1.210-5 BTC/WRP (20% reward); Third week (26/11/16 18:00 to 3/12/16 18:00): 1.5*10-5 BTC/WRP (No reward).
All times are GMT +0. Any unsold WRA will be burned by c-cex.
The Tech One of the biggest flaws in Bitcoin-based cryptocurrencies is their pseudo-privacy. Every transaction is recorded in the blockchain and publicly accessible. In a world where confidentiality is a major concern, there's demand for a more privacy-concerned approach to cryptocurrency. Wrapper is here to fix that. We use a mathematical tool present in fields ranging from Quantum Mechanics to Telecommunications called "Discrete Fourier Transform (DFT)".
Wrapper differs from other cryptocurrencies by building itself on top of something we call the “Fourier Protocol”. The Fourier Protocol is a way to implement privacy while drastically reducing the size of the blocks in a Bitcoin-based currency. Fourier works by associating each block with a periodic wave of period T0.
Periodic waves have the following properties: They can be written as a sum of sines and cosines. They are, in the frequency domain, represented by discrete functions.
The protocol uses these properties by encoding transactions as waves and summing them to the wave of their corresponding block, reducing drastically the size (in disk) needed to store each block.
A typical wrapper transaction between Bob and Alice has 4 phases: 1 - Bob, who’s sending WRP to Alice, signs the transaction with his private key and Alice’s address. 2 - Bob tells the other nodes about the transaction, adding two waves to the block wave: one with fundamental frequency lower than BLOCK_CUT_FREQUENCY, and one with fundamental frequency higher than BLOCK_CUT_FREQUENCY. The first one tells Alice there’s a transaction in that block for her. The second one is the transaction itself. 3 - Alice gets the block and analyzes the wave, checking if there are any transactions for her. 4 - If there are any transactions to one of her addresses Alice decodes them and the coins appear in her wallet.
An extra layer of security Besides the privacy added by Zerocoin, which is already a very well thought-out and academically interesting protocol, you will have the option to hide your transaction using an extra layer provided by Fourier. If selected, Fourier Privacy will hash the frequency of the wave that tells there is a transaction in a block for a certain receiver, in a way only the holder of the receiver’s private key can decode. Making it virtually impossible (as per computing power in 2016) for another system element to know there’s a transaction in that block for that receiver.
What are the disadvantages of the fourier protocol? The most relevant is that it takes 4 to 5 times longer to index a block in fourier based blockchains. This is due to a lot more computation time being needed to process: The convolution needed to low pass the signal in a block and check for transactions to a given user. The discrete fourier transform required to read a block. The inverse discrete fourier transform required to add a transaction to a block.
This means that, when you open your wallet for the first time, it will take longer to synchronize with the network, although it shouldn’t feel very different throughout the rest of the implementation.
Use Cases The Wrapper Team is building and I2P market that uses Wrapper as a transaction currency. You can check it out here: http://kyh5mfbv3464fnzaoa2ode3qpv6chptkq7i76axtjnmjskcdi5fq.b32.i2p/
More Info Read the FAQ: http://wrapperproject.com/faq/ to read more about wrapper and about our ICO. You can follow Wrapper on twitter: https://twitter.com/WrapperTeam and checkout the dev blog: http://wrapperproject.com/blog/ for the latest development updates. Please use this PGP key when communicating with the wrapper team:
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WRAPPER IS HIRING Do you have experience with Tor networking and/or C++ and want to work in something revolutionary? If so, send us a message. Please use PGP ALWAYS.
submitted by Vindyne8 to icocrypto [link] [comments]

[uncensored-r/Bitcoin] It's in times like these that education is necessary

The following post by jonat3 is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7r1eah
The original post's content was as follows:
Playlist with Andreas Antonopoulos as well as a few other classics. Is meant for people completely new to bitcoin.
Took quite awhile to assemble this playlist. Playlist is in chronological order. Watch in that sequence. Adjust playing speed in youtube to suit your needs.
Consider this page 1 in a series. May be updated from time to time.
Intro
Who is in control
How does it work
Security (and who's backing it)
By the love of God, watch first video entirely (click link in description once you understand). Don't be goxxed!
Some videos about bitcoin being a bubble
Some basic economics
Networks (!!!)
Why Bitcoin
Altcoins vs Bitcoin
Worried about high fees or the slow transactions? See the motivation behind the fee structure (pay special attention to the last video)
Important classics about the theory of money
Early classics (last video is gold :p)
Important backdrop for why bitcoin emerged starring Stefan Molyneux and Mike Maloney
Bitcoin's larger importance with Andreas Antonopoulos
Banking and Blockchain with Andreas Antonopoulos
Consumer protection
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

What is Bitcoin? A Step-By-Step Guide For Beginners An in-depth guide by BlockGeeks

An in-depth guide by BlockGeeks
Content available at: http://bit.ly/smarterspending
If you want to know what is Bitcoin, how you can get it and how it can help you, without floundering into technical details, this guide is for you. It will explain how the system works, how you can use it for your profit, which scams to avoid. It will also direct you to resources that will help you store and use your first pieces of digital currency.
What is Bitcoin in a nutshell Small wonder that Bitcoin emerged in 2008 just after Occupy Wall Street accused big banks of misusing borrowers’ money, duping clients, rigging the system, and charging boggling fees. Bitcoin pioneers wanted to put the seller in charge, eliminate the middleman, cancel interest fees, and make transactions transparent, to hack corruption and cut fees. They created a decentralized system, where you could control your funds and know what was going on.
Bitcoin has come far in a relatively short time. All over the world, companies, from REEDS Jewelers, a large jewelry chain in the US, to a private hospital in Warsaw, Poland, accept its currency. Billion dollar businesses such as Dell, Expedia, PayPal, and Microsoft do, too. Websites promote it, publications such as Bitcoin Magazine publish its news, forums discuss cryptocurrency and trade its coins. It has its application programming interface (API), price index, and exchange rate.
Problems include thieves hacking accounts, high volatility, and transaction delays. On the other hand, people in third world countries may find Bitcoin their most reliable channel yet for giving or receiving money.
What is Bitcoin in-depth? At its simplest, Bitcoin is either virtual currency or reference to the technology. You can make transactions by check, wiring, or cash. You can also use Bitcoin (or BTC), where you refer the purchaser to your signature, which is a long line of security code encrypted with 16 distinct symbols. The purchaser decodes the code with his smartphone to get your cryptocurrency. Put another way; cryptocurrency is an exchange of digital information that allows you to buy or sell goods and services.The transaction gains its security and trust by running on a peer-to-peer computer network that is similar to Skype, or BitTorrent, a file-sharing system.
Bitcoin Transactional properties:
1.) Irreversible: After confirmation, a transaction can‘t be reversed. By nobody. And nobody means nobody. Not you, not your bank, not the president of the United States, not Satoshi, not your miner. Nobody. If you send money, you send it. Period. No one can help you, if you sent your funds to a scammer or if a hacker stole them from your computer. There is no safety net.
2.) Pseudonymous: Neither transactions or accounts are connected to real world identities. You receive Bitcoins on so-called addresses, which are randomly seeming chains of around 30 characters. While it is usually possible to analyze the transaction flow, it is not necessarily possible to connect the real world identity of users with those addresses.
3.) Fast and global: Transaction is propagated nearly instantly in the network and are confirmed in a couple of minutes. Since they happen in a global network of computers they are completely indifferent of your physical location. It doesn‘t matter if I send Bitcoin to my neighbour or to someone on the other side of the world.
4.) Secure: Bitcoin funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme. A Bitcoin address is more secure than Fort Knox.
5.) Permissionless: You don‘t have to ask anybody to use cryptocurrency. It‘s just a software that everybody can download for free. After you installed it, you can receive and send Bitcoins or other cryptocurrencies. No one can prevent you. There is no gatekeeper.
Judd Bagley: What is BlockchainThe creator of bitcoin figured out a way to let two entities confidently trade directly with one another, without the need to rely on all these intermediaries. The key is mathematics. As long as we both trust in math, we can be confident the exchange to occur as expected.
Bitcoin uses public key cryptography and an innovative approach to bookkeeping to achieve the authorization, balance verification, prohibition on double spending, delivery of assets and record inalterability described above. And it happens in near real time at no cost.
Cryptography ensures authorization. You need a private key to transact. And your key is complex enough that it would take the best computer longer than the earth has existed to crack it. In other words, it’s essentially unhackable.
– Director of Communications at Overstock.com and Chief Evangelist at t0.com
Where can I find Bitcoins? First, we would recommend you read this in-depth guide for buying Bitcoin.
You can get your first bitcoins from any of these four places.
A cryptocurrency exchange where you can exchange ‘regular’ coins for bitcoins, or for satoshis, which are like the BTC-type of cents. Resources: Coinbase and LocalBitcoins in the US & Canada, and BitBargain UK and Bittylicious in the UK. A Bitcoin ATM (or cryptocurrency exchange) where you can change bitcoins or cash for another cryptocurrency. Resources: Your best bets are BTER and CoinCorner A classified service where you can find a seller who will help you trade bitcoins for cash. Resources: The definitive site is LocalBitcoins. You could sell a product or service for bitcoins. Resources: Sites like Purse. Caution! Bitcoin is notorious for scams, so before using any service look for reviews from previous customers or post your questions on the Bitcoin forum.
How does Bitcoin work? Without getting into the technical details, Bitcoin works on a vast public ledger, also called a blockchain, where all confirmed transactions are included as so-called ‘blocks.’ As each block enters the system, it is broadcast to the peer-to-peer computer network of users for validation. In this way, all users are aware of each transaction, which prevents stealing and double-spending, where someone spends the same currency twice. The process also helps blockchain users trust the system.
“Unlike traditional currencies, which are issued by central banks, Bitcoin has no central monetary authority. Instead it is underpinned by a peer-to-peer computer network made up of its users’ machines, akin to the networks that underpin BitTorrent, a file-sharing system, and Skype, an audio, video and chat service. Bitcoins are mathematically generated as the computers in this network execute difficult number-crunching tasks, a procedure known as Bitcoin “mining”. The mathematics of the Bitcoin system were set up so that it becomes progressively more difficult to “mine” Bitcoins over time, and the total number that can ever be mined is limited to around 21 million. There is therefore no way for a central bank to issue a flood of new Bitcoins and devalue those already in circulation.”
What is Bitcoin? A Step-By-Step Guide For BeginnersSave How can I store my bitcoins? To see how the system works, imagine someone called Alice who’s trying out Bitcoins. She’d sign up for a cryptocurrency wallet to put her bitcoins in.
The Bitcoin Wallets
There are three different applications that Alice could use.
Full client – This is like a standalone email server that handles all aspects of the process without relying on third-party servers. Alice would control her whole transaction from beginning to end by herself. Understandably, this is not for beginners. Lightweight client – This is a standalone email client that connects to a mail server for access to a mailbox. It would store Alice’s bitcoins, but it needs a third-party-owned server to access the network and make the transaction. Web client – This is the opposite of “full client” and resembles webmail in that it totally relies on a third-party server. The third party replaces Alice and operates her entire transaction. You’ll find wallets that come in five main types: Desktop, mobile, web, paper and hardware. Each of these has its advantages and disadvantages.
How do I buy and sell stuff with Bitcoins? Here’s the funny thing with Bitcoins: there are no physical traces of them as of dollars. All you have are only records of transactions between different addresses, with balances that increase and decrease in their records that are stored on the blockchain.
To see how the process works, let’s return to Alice.
Example of a Bitcoin transaction
Alice wants to use her Bitcoin to buy pizza from Bob. She’d send him her private “key,” a private sequence of letters and numbers, which contains her source transaction of the coins, amount, and Bob’s digital wallet address. That “address” would be another, this time, the public sequence of letters and numbers. Bob scans the “key” with his smartphone to decode it. At the same time, Alice’s transaction is broadcast to all the other network participants (called “nodes”) on her ledger, and, approximately, ten minutes later, is confirmed, through a process of certain technical and business rules called “mining.” This “mining” process gives Bob a score to know whether or not to proceed with Alice’s transaction.
The transaction between Alice and Bob
What is Mining? Mining, or processing, keep the Bitcoin process secure by chronologically adding new transactions (or blocks) to the chain and keeping them in the queue. Blocks are chopped off as each transaction is finalized, codes decoded, and bitcoins passed or exchanged.
Miners can also generate new bitcoins by using special software to solve cryptographic problems. This provides a smart way to issue the currency and also provides an incentive for people to mine.
The reward is agreed-upon by everyone in the network but is generally 12.5 bitcoins as well as the fees paid by users sending transactions. To prevent inflation and to keep the system manageable, there can be no more than a fixed total number of 21 million bitcoins (or BTCs) in circulation by the year 2040, so the “puzzle” gets increasingly harder to solve.
What do I need to know to protect my Bitcoins? Here are four pieces of advice that will help your bitcoins go further.
As you’d do with a regular wallet, only store small amounts of bitcoins on your computer, mobile, or server for everyday uses, and keep the remaining part of your funds in a safer environment.
Backup your wallet on a regular basis and encrypt your wallet or smartphone with a strong password to protect it from thieves (although, unfortunately, not against keylogging hardware or software). Store some of your bitcoins in an offline wallet disconnected from your network for added security. Think of this as a bank, while you, generally, keep only some of your money in your wallet. Update your software. For added protection, use Bitcoins’ multi-signature feature that allows a transaction to require multiple independent approvals to be spent.
Spending some time on these steps can save your money.
We recommend the Nano Ledger S – Hardware Wallet
Nano Ledger S is just as secure as the other two hardware wallets. It is popular because of its relatively low price of $65 compared to its competitors. Being smaller than KeepKey, it is more portable and easier to carry around. It is a hardware wallet that comes at a very competitive price.
What else do I need to know? Protect your address: Although your user identity behind your address remains anonymous, Bitcoin is the most public form of transaction with anyone on the network seeing your balances and log of transactions. This is one reason why you should change Bitcoin addresses with each transaction and safeguard your address. You can also use multiple wallets for different purposes so that your balance and transaction history remain private from those who send you money.
Your confirmation score: As said, you receive a confirmation score of about 10 minutes before you make your purchase. Different wallets have their own reading.
Government taxes and regulations: Government and local municipalities require you to pay income, sales, payroll, and capital gains taxes on anything that is valuable – and that includes bitcoins. The legal status of Bitcoin varies from country to country, with some still banning its use. Regulations also vary with each state. In fact, as of 2016, New York state is the only state with a bitcoin rule, commonly referred to as a BitLicense.As shown in the Table above, zero is the least with the number 3 being the most reliable for average bitcoin transfers. If you’re sending or paying for, something valuable, wait until you, at least, receive a 6.
What are the disadvantages of Bitcoin? Bitcoin got off on the wrong foot by claiming an apocryphal person (or persons), Satoshi Nakamoto as its founder. Nakamoto has never been found.
Regarding more practical concerns, hacking and scams are the norms. They happen at least once a week and are getting more sophisticated. Bitcoin’s software complexity and the volatility of its currency dissuade many people from using it, while its transactions are frustratingly slow. You’ll have to wait at least ten minutes for your network to approve the transaction. Recently, some Reddit users reported waiting more than one hour for their transactions to be confirmed.
Scams to watch out for
The four most typical Bitcoin scams are Ponzi schemes, mining scams, scam wallets and fraudulent exchanges.
Ponzi Scams: Ponzi scams, or high-yield investment programs, hook you with higher interest than the prevailing market rate (e.g. 1-2% interest per day) while redirecting your money to the thief’s wallet. They also tend to duck and emerge under different names in order to protect themselves. Keep away from companies that give you Bitcoin addresses for incoming payments rather than the common payment processors such as BitPay or Coinbase. Bitcoin Mining Scams: These companies will offer to mine outrageous amounts of bitcoin for you. You’ll have to pay them. That’s the last you’ll see of your money (with no bitcoins to show for it, either). Bitcoin Exchange Scams: Bitcoin Exchange Scams offer features that the typical bitcoin wallets don’t offer, such as PayPal/Credit Card processing, or better exchange rates. Needless to say, these scams leave you in the hang while they siphon your dollars. Bitcoin Wallet Scams: Bitcoin scam wallets are similar to online wallets – with a difference. They’ll ask you for your money. If robbers like the amount, that’s the last you’ll see of your deposit. The address, in other words, leads to them, rather than to you. Of all of these, wallet scams are the most popular with scammers managing to pinch millions.
What are the advantages of Bitcoin? The best thing about Bitcoin is that it is decentralized, which means that you can settle international deals without messing around with exchange rates and extra charges. Bitcoin is free from government interference and manipulation, so there’s no Federal Reserve System‍ to hike interest rates. It is also transparent, so you know what is happening with your money. You can start accepting bitcoins instantly, without investing money and energy into details, such as setting up a merchant account or buying credit card processing hardware. Bitcoins cannot be forged, nor can your client demand a refund.
It’s small wonder that users call Bitcoin “Money 2.0” or that Bill Gates called it “a techno tour de force
An in-depth guide by BlockGeeks
Content available at: http://bit.ly/smarterspending
submitted by smartspender to u/smartspender [link] [comments]

[ANN][ICO Running] Wrapper. I2P Market. Zerocoin Source and Fourier Protocol

Wrapper. http://wrapperproject.com/
You can read the first version of the whitepaper: http://wrapperproject.com/wp-content/uploads/2016/11/WrapperWhitepaper1_0.pdf
ICO Link - https://c-cex.com/?p=wrp-btc The ICO (Initial Coin Offer) of 10 Million WRP will be conducted by c-cex.com. You can read the ICO terms here. The offer will last three weeks, with rewards for early investors. The price schedule will be the following: First week (12/11/16 16:00 to 19/11/16 18:00): 1.0510-5 BTC/WRP (30% reward); Second week (19/11/16 18:00 to 26/11/16 18:00): 1.210-5 BTC/WRP (20% reward); Third week (26/11/16 18:00 to 3/12/16 18:00): 1.5*10-5 BTC/WRP (No reward).
All times are GMT +0. Any unsold WRA will be burned by c-cex.
The Tech One of the biggest flaws in Bitcoin-based cryptocurrencies is their pseudo-privacy. Every transaction is recorded in the blockchain and publicly accessible. In a world where confidentiality is a major concern, there's demand for a more privacy-concerned approach to cryptocurrency. Wrapper is here to fix that. We use a mathematical tool present in fields ranging from Quantum Mechanics to Telecommunications called "Discrete Fourier Transform (DFT)".
Wrapper differs from other cryptocurrencies by building itself on top of something we call the “Fourier Protocol”. The Fourier Protocol is a way to implement privacy while drastically reducing the size of the blocks in a Bitcoin-based currency. Fourier works by associating each block with a periodic wave of period T0.
Periodic waves have the following properties: They can be written as a sum of sines and cosines. They are, in the frequency domain, represented by discrete functions.
The protocol uses these properties by encoding transactions as waves and summing them to the wave of their corresponding block, reducing drastically the size (in disk) needed to store each block.
A typical wrapper transaction between Bob and Alice has 4 phases: 1 - Bob, who’s sending WRP to Alice, signs the transaction with his private key and Alice’s address. 2 - Bob tells the other nodes about the transaction, adding two waves to the block wave: one with fundamental frequency lower than BLOCK_CUT_FREQUENCY, and one with fundamental frequency higher than BLOCK_CUT_FREQUENCY. The first one tells Alice there’s a transaction in that block for her. The second one is the transaction itself. 3 - Alice gets the block and analyzes the wave, checking if there are any transactions for her. 4 - If there are any transactions to one of her addresses Alice decodes them and the coins appear in her wallet.
An extra layer of security Besides the privacy added by Zerocoin, which is already a very well thought-out and academically interesting protocol, you will have the option to hide your transaction using an extra layer provided by Fourier. If selected, Fourier Privacy will hash the frequency of the wave that tells there is a transaction in a block for a certain receiver, in a way only the holder of the receiver’s private key can decode. Making it virtually impossible (as per computing power in 2016) for another system element to know there’s a transaction in that block for that receiver.
What are the disadvantages of the fourier protocol? The most relevant is that it takes 4 to 5 times longer to index a block in fourier based blockchains. This is due to a lot more computation time being needed to process: The convolution needed to low pass the signal in a block and check for transactions to a given user. The discrete fourier transform required to read a block. The inverse discrete fourier transform required to add a transaction to a block.
This means that, when you open your wallet for the first time, it will take longer to synchronize with the network, although it shouldn’t feel very different throughout the rest of the implementation.
Use Cases The Wrapper Team is building and I2P market that uses Wrapper as a transaction currency. You can check it out here: http://kyh5mfbv3464fnzaoa2ode3qpv6chptkq7i76axtjnmjskcdi5fq.b32.i2p/
More Info Read the FAQ: http://wrapperproject.com/faq/ to read more about wrapper and about our ICO. You can follow Wrapper on twitter: https://twitter.com/WrapperTeam and checkout the dev blog: http://wrapperproject.com/blog/ for the latest development updates. Please use this PGP key when communicating with the wrapper team:
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WRAPPER IS HIRING Do you have experience with Tor networking and/or C++ and want to work in something revolutionary? If so, send us a message. Please use PGP ALWAYS.
submitted by Vindyne8 to CryptoCurrency [link] [comments]

Twin Bitcoins, Sharing the Same Protocol, Push Down Long Term Price.

The following mathematical analysis relies only on the fundamental premise of economics: individuals act towards maximizing perceived self benefit. It shows that bitcoin as we know it today is heading towards a stable trade, fragmented among several twin-bitcoins, all trading at a very low price, by residue of diehard bitcoin traders. This conclusion is limited to bitcoin at its present protocol, it does not apply to the larger issue of crypto money.
Analysis: let us designate the prevailing bitcoin trade and protocol as bitcoin1, or B1. B1 started trading at t0 = 2009. Its exchange value against the $US started at zero (P0=0 $US); it lingered at a few pennies for a long time. It experienced a steady growth in popularity and price, and then at t1 = [March, 2013], the Cypress financial crisis took place. Many in Spain, Italy and in other stumbling countries in the EU pulled their money from the bank and bought bitcoins. Bitcoin then shot out of the “pennies” zone and traded quite stable around the $100 price tag. Then in November 2013 The price of a bitcoin shot up to over $1100. From that peak price it was showing a steady descent that got more and more moderate towards a price tag of $300+ by the end of 2014. Data shows that bitcoin buyers are mainly investors betting on a price hike.
Bitcoin proponents very zealously push the bitcoin gospel of the “perfect money”, free from the shackles and shortcomings of the old currencies. They cast off the doubters as reminiscent of yesterday’s Internet disbelievers, or as climate change deniers. The effectiveness of this pitch is reflected in the price of the currency.
Here is what is bound to happen, based solely on the fundamental premise of economics: one, or several entrepreneurs will announce with great fanfare the establishment of a competing currency Bitcoin2! (or B2). B2 will use the exact same protocol as Bitcoin1 — same algorithms, same rules, same modifications of the original procedure. We can write B1 = B2 — except that B2 will be a starter, and its price very much lower than the price of B1: P2 << P1.
This is a unique situation. Two competing commodities, like gas, are never totally equal — they represent two companies with different appeal, they command loyalty, efficiency, different return policy, etc. None of this applies to bitcoin which is an open source, free for all. To the extent that Bitcoin2 will use the very same protocol as Bitcoin1, there would be no reason for a trader to buy one or the other, except the price. A trader would not even be able to say that the “traders are nice at Bitcoin1" because the traders are anonymous in both trades. By analogy, recall how Compaq reverse-engineered the IBM PC, and stole the market? Bitcoin2 will not have to reverse-engineer anything, it’s all in the open, and defined at programming specificity — copyable.
Given the price history of Bitcoin1, and the near zero price of Bitcoin2, and since the price cannot go below zero, one is led to act upon his self interest, and buy Bitcoin2, with the rational expectation for a price hike, given the history of Bitcoin1. The stories of the instant millionaires with Bitcoin1 still fresh in people’s mind, the rush to buy Bitcoin2 will be fast in coming. And as it happens, the price of Bitcoin2 will rise (dP2/dt >> 0, where t represents time). The buyers will be a mix of newcomers to bitcoin and a hefty count of Bitcoin1 holders who bought Bitcoin1 in the first place, as an investment — and have seen no durable price hike happening since December 2013. As Bitcoin1 holders migrate to Bitcoin2, the price of the former declines, and the price of the latter rise. The more this happens, the more people rush to grab a piece of the new bitcoin offering. Mind you: the Bitcoin1 proponents will no longer be able to raise the flag of newness, of vision, futurism, innovation, anonymity, convenience, speed, freedom, security etc. All these arguments have drawn people to shell out dollars and euros and keep the price of Bitcoin1 where it was. But these arguments don’t hold water against Bitcoin2 because it is using exactly the very same algorithms, and mathematical wisdom as Bitcoin1. And its price is rising, while the old bitcoin is dying out. The migration will accelerate — again, based only on the fundamental assumption of economic behavior — self maximizing one’s benefit.
When will it stop? Obviously when P1 = P2 — when the price of the original bitcoin and the challenger bitcoin become equal. What happens then?
At the point of equal price, the two bitcoin flavors will find it in their interest to integrate, in order to gain the advantage of a unified bitcoin, trading at a lower price, but with more traders on the roll. But human nature being what it is, it is likely that the administrators of the two bitcoins will opt out of a functional co-embrace, and continue to compete with each other. The economic literature offers various analyses for such commodity competitions, showing that it would restrict the price instability of both competitors relative to the price dynamics, had only one bitcoin been in play.
If the equilibrium price between these two bitcoin flavors will be relatively high (even if much less than the pre-competition price of Bitcoin1), then the same attack will happen again, with a Bitcoin3 — its price will rise as the price of Bitcoin1 and Bitcoin2 goes down. They will quickly equalize at the price which is still lower than before the appearance of Bitcoin3. And if that price is of any attractive measure, then a fourth bitcoin will pop out. This iterative process will continue until the price of the various bitcoin flavors is low enough, and no sooner would it rise, than another flavor will come forth.
The asymptotic behavior of bitcoin is therefore a stable, low price, currency, traded by diehard believers that are immunized against any facts or reality to the contrary. The majority of traders will move on to non-bitcoin digital money, likely to the non-speculative kind. Bitcoin itself can be resurrected to prominence should it adapt its protocol to add the Price Stabilizer Agency (PSA) proposed by BitMint, LLC.
The described scenario is not only bound to happen because it is a sure mechanism to enrich the early adopters of the new bitcoin, it is also morally clean. It is no more valid to decry the Bitcoin2 entrepreneurs as spoilers than it is to deride any competitor competing on price.
When will Bitcoin2 show up? Maybe as soon as a quick action entrepreneur finishes reading this piece, or may be a while later. My bet is that someone is setting up Bitcoin2 right now, in stealth. Offering cheap bitcoins to family and friends who stand to make a killing once Bitcoin2 is unleashed to the public. At the best case this multiple-bitcoin scenario is yet another ticking bomb attached to the bitcoin reality, and hence one must issue a disclaimer note that the above will happen provided other ticking bombs have not destroyed bitcoin beforehand.
This analysis should be taken to indicate that the immature bitcoin protocol that was tossed unprepared into the limelight, should go back to the drawing table and emerge in due time as a mature version of its raw self, claiming its role in the world where money is fully abstracted into a digital entity. The socio economic impact of digital money is beyond imagining right now, but weeding out the field is our job at present
submitted by GideonSamid to BitcoinMarkets [link] [comments]

Bitcoin Drops on PBOC, Waits ETF

Another exciting week in the crypto arena. Both bitcoin and litecoin clocked some gains since our last weekly update. But will these gains stick?
Bitcoin Drops on PBOC Comments
Bitcoin prices dropped from $1,255 to a low of $1,170 today on comments by PBOC’s Zhou Xuedong. The official said that while bitcoin exchanges will not be forbidden, strict regulations will be applied to the sector. The PBOC will undertake an observation period and may even close non-complying exchanges. Zhou Xuedong is the director of the PBoC’s Business Administration unit and was the person in charge of the audit conducted on bitcoin exchanges earlier this year.
This tone is the strongest yet to date from the People’s Bank of China so it’s not surprising to see the price fall a decent amount. However BTC/USD has recovered about half of the losses already and is quoted at $1,226 right now. Chinese prices remain suppressed as bitcoin withdrawals are still not possible. One coin is selling from $1,150 t0 $1,165 on the Big Three, a discount of over $70 dollars from USD exchanges. Imgur Read more: https://blog.fxopen.com/bitcoin-drops-on-pboc-waits-etf/
submitted by izveniklickov to CryptoMarkets [link] [comments]

Bitcoin Price Prediction 2020 - YouTube Bitcoin Halving 2020 MASSIVE FOMO! Bitcoin Price EXPLOSION ... Bitcoin Halving 2020: Explanation & Price Prediction - YouTube 80 Trillion Dollar Bitcoin Exit Plan - YouTube The 200X Cryptocurrency  Unibright

Bitcoin price risks even larger pullback in Quarter 4 after shrill refusals . New Cardano Foundation CEO Mentions Cardano’s Actual Competition is Not The One You Would Anticipate . Crypto acceptance has no future without law enforcement and regulation. Red flags unnoticed: Not your keys, not KuCoin’s ... T-coin (TCOIN) is a cryptocurrency . Users are able to generate TCOIN through the process of mining. T-coin has a current supply of 0. The last known price of T-coin is 0.00006528 USD and is up 0.00 over the last 24 hours. t0 Stock Price Forecast, TZROP stock price prediction. Price target in 14 days: 7.818 USD. The best long-term & short-term t0 share price prognosis for 2020, 2021 ... CoinEx Token price today is $0.00777586 with a 24-hour trading volume of $640,137. CET price is down -0.8% in the last 24 hours. It has a circulating supply of 240 Million coins and a max supply of 5.87 Billion coins. CoinEx is the current most active market trading it. Find the latest Bitcoin USD (BTC-USD) stock quote, history, news and other vital information to help you with your stock trading and investing.

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Bitcoin Price Prediction 2020 - YouTube

Bitcoin price drops 15% in a matter of minutes. What does this mean for bitcoin bulls? Is btc even bullish anymore? Here is what you can look out for on the bitcoin charts. The Bitcoin Halving 2020 is happening in 2 days! The Bitcoin halving event happens essentially once every 4 years, so this is a topic that needs to be discus... Bitcoin price is PUMPING!!! HARD! With the 2020 Bitcoin Halving Approaching, let's look at the price action and see WHO is buying? Also, as a bitcoin holder,... What will bitcoin be worth in 2021? Is now a good time to buy bitcoin? Today, let's have a look at the on-chain data on the Bitcoin blockchain and see where ... OMG!!! BITCOIN WHALES BOUGHT BITCOIN HERE TO PUMP THE BTC PRICE TO THIS EXACT PRICE LEVEL!!!! $402 FREE on our Trusted Exchanges! 🔶 Bybit: https://bit.ly/MMC...

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