Miner — Indicators and Signals — TradingView — UK

12-10 18:03 - 'US miner capitulation incoming!!!' (tradingview.com) by /u/verstappen111 removed from /r/Bitcoin within 133-143min

US miner capitulation incoming!!!
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Author: verstappen111
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Anyone looked at PEGnet.org / PEGnetMarketcap.com?

World’s 1st Fully-decentralized Stablecoin Network.
🔹 What is PegNet?
https://youtu.be/UcR6pojGDyo
The PegNet token (PEG) is an open, distributed, autonomous and CPU mineable stablecoin network. PegNet enables cryptocurrency users to hold value and make payments in the form of any asset they would like thanks to Pegged Asset Tokens. PegNet tokens are synthetic copies of the fiat currency, cryptocurrency or precious metal they mirror.
PegNet’s technology leapfrogs existing stablecoin implementations by being minable via POW, where miners are rewarded with PEG tokens in return for submitting and approving price data from external sources. Miners subscribe to various market API’s and submit the prices of 29 assets, including Gold, Silver, USD, Euros, Ether, Factoids & Bitcoin, with many more to come to PegNet. Users can choose their exposure to any of the Pegged assets by simply converting between assets at current market prices.
• Five-thousand PEG tokens mined per block, every 10 minutes • Distributed mining reward go to the top 25 miners each block • 29 stablecoins including: Gold, Silver, USD, Euros, Ether, Factoids & Bitcoin
🔹 Private sale or Crowdsale details? Fair start CPU mining since the genesis block; no Founder Reward, no ICO, no IEO, no Foundation, no Fund
🔹 Be aware of scammers! • Pegnet is NOT seeking any funds. • Admins will NEVER solicit funds. Please report any of these instances directly.
🔹 Useful Links • Website: https://pegnet.org/ • Telegram chat: https://t.me/PegnetOfficial • Whitepaper: https://pegnet.org/docs/whitepaper.html • Mining: https://github.com/pegnet/pegnet/wiki/Mining • Mining Pool : https://prosperpool.io/ • Mining Pool Discord : https://discord.gg/MbU6XHj • Faq: https://github.com/pegnet/pegnet/wiki/FAQ • pTrader : https://ptrader.co/
🔹 Helpful Videos • What is PegNet : https://www.youtube.com/watch?v=UcR6pojGDyo • How To Set Up pTrader : https://youtu.be/bc1FNOjvzbU • How To Connect pTrader To TradingView : https://youtu.be/VXMy0fXyTPU
🔹 Social Media • Twitter: https://twitter.com/pegnetnews • Youtube: https://www.youtube.com/channel/UCXv7IyC0Dz21-VxE2n0Z7nw • Discord: Pegnet - https://pegnet.org/chat pTrader - https://discord.gg/CadQuMe
🔹 Binaries for installing PegNet 2.0 on Mac, Windows and Linux: https://github.com/pegnet/pegnet/releases/tag/v2.0
https://github.com/pegnet/pegnetd/releases/tag/v2.0
submitted by BearVT to CryptoMoonShots [link] [comments]

Bitcoin SV Price Prediction 2020

Bitcoin SV Price Prediction 2020
What is Bitcoin SV (BSV)?
Bitcoin SV appeared as a result of the Bitcoin Cash hard fork in November 2018.
The idea to create a new cryptocurrency came from entrepreneur Craig Wright. He tried to solve the scalability issue and increased the block size to 128MB. Later Craig Wright announced that he is the real Satoshi Nakamoto and Bitcoin SV is the original Bitcoin. SV stands for Satoshi Vision.
by StealthEX
Bitcoin SV has the plan for a stable protocol and massive on-chain scaling to become the world’s new money and the global public blockchain for enterprise. Today BSV coin is one of the TOP-10 cryptocurrencies by market capitalization.

Bitcoin SV Statistics

Source: CoinMarketCap, Data was taken on 16 July 2020 by StealthEX
Current Price $176.3
ROI since launch 99.66%
Market Cap $3,254,911,090
Market Rank #6
Circulating Supply 18,461,896 BSV
Total Supply 18,461,896 BSV

Bitcoin SV achievements and future plans

In 2019 the project has gone through the following milestones:
• Upgraded Quasar protocol and as a result the block size was lifted from 128 MB to 2 GB.
• Bitcoin SV handled up to 20,000,000 transactions per day.
• Worked on the technical development: Paymail, Nakasendo, Keyring, sCrypt, GearSV, Datapay was launched.
• More than 300 development projects, apps were launched for the BSV network.
• Celebrated the project’s first birthday.

What to expect in the future?

According to the official roadmap, the Bitcoin SV team will continue working on:
• Stability to give enterprises the confidence to create their apps on top of BSV.
• Scalability. The developers intend to provide the capacity for BSV to act as the foundation for the entire financial world.
• Security and excellent payment experience. The BSV project will concentrate on both measurement and improvement of transactions safety, fast transaction propagation, and miner-configurable fee policies.

Bitcoin SV Technical Analysis

Source: Tradingview, Data was taken on 16 July 2020 by StealthX

Bitcoin SV Price Prediction 2020

TradingBeasts BSV price prediction

In August 2020 BSV crypto may reach a maximum price of $209.095 (+18.60%), while it’s the average price will be around $166.599 per coin (-5.50%). According to TradingBeasts forecasts, the Bitcoin SV price is going to decrease and by the end of 2020, the average BSV price is expected to be $168.674 (-4.33%).

Wallet investor BSV coin price prediction

Wallet investor.com thinks that Bitcoin SV is an awesome long-term investment and predicts a wide selection of digital coins like Bitcoin SV. The project may reach $269.566 as the maximum price by the end of December 2020 (+52.80%) while the average price will stay around $196.916 per coin (+11.69%).

Crypto-Rating BSV price prediction

Crypto-Rating says that BSV will return to the $200 mark (+13.44%), or maybe even exceed it if BTC climbs above $10,000. If not, it might remain between $200 and $100, unless a new bear market strikes.

DigitalCoinPrice BSV price prediction

According to DigitalCoinPrice Bitcoin SV price will increase in the near future. By the end of the year 2020, the average price will be $284.19 per coin (+61.19%).

Where to buy BSV coin

Bitcoin SV (BSV) is available for exchange on StealthEX with a low fee. Follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to BSV.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected]
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/07/16/bitcoin-sv-price-prediction-2020/
submitted by Stealthex_io to StealthEX [link] [comments]

Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!

That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ???
Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth.
Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ...
.
Bitcoin Achievements so far:
  1. It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
  2. Many 1,000's of hacks, thefts, losses.
  3. Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
  4. Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
  5. Contributing significantly to Global Warming.
  6. Wastes vasts amounts of electricity on useless, do nothing work.
  7. Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
  8. It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
  9. It created a new way for people living too far from Vegas to gamble all their life savings away.
  10. Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
  11. Increased China's foreign trade balance by a couple billion dollars per year.
  12. Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
  13. Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
  14. Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
  15. Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
  16. Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
.
Correct Predictions:
  1. 2015-12: "1,000 dollar in 2015", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/ (Technically, this prediction is WRONG because the highest price reached in 2015 was $495.56 according to CMC. Yes, Bitcoin reached $1,000 in 2013 and 2014, but that's NOT what the prediction says).
  2. 2017-12: "10,000 in 2017", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  3. 2018-04: $10,000 (by April 2018), Mike Novogratz, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.bloomberg.com/news/articles/2017-11-21/mike-novogratz-says-bitcoin-will-end-the-year-at-10-000
  4. 2018-12: $10,000 (by 2018), Tim Draper, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.youtube.com/watch?v=3AW5s6QkRRY
  5. Any others ? (Please tell me).
.
Bitcoin Promises / Claims / Price Predictions that turned out to be lies and bullshit:
  1. ANONYMOUS
  2. CENSORSHIP RESISTANT
  3. FRICTIONLESS
  4. TRUSTLESS
  5. UNCENSORABLE
  6. UNTRACEABLE
  7. SAFE
  8. SECURE
  9. YOU CANNOT LOSE
  10. NOT A SCAM
  11. PERMISSIONLESS
  12. GUARANTEED PRIVACY
  13. CANNOT BE SEIZED
  14. CANNOT BE CONFISCATED
  15. Be your own bank
  16. Regulation-proof
  17. NO MIDDLEMEN
  18. DECENTRALIZED
  19. Instantaneous transactions
  20. Fast transactions
  21. Zero / No transaction fees
  22. Low transaction fees
  23. A store of value
  24. A deflationary digital asset
  25. "A deflationary digital asset that no single human being can destroy."
  26. "an asset that is equally as dual use as a car, water, or any other traditional element that has existed."
  27. "Digital gold"
  28. Easy to use
  29. Cannot be stolen
  30. Cannot be hacked
  31. Can be mined by anyone
  32. Can be mined by anyone, even with an old computer or laptop
  33. Cannot be centralized
  34. Will return power back to the people.
  35. Not a Ponzi scam
  36. Not a Pyramid scam
  37. Never pay tax again
  38. Your gains cannot be taxed
  39. A currency
  40. An amazing new class of asset
  41. An asset
  42. A means to economic freedom
  43. A store of value
  44. The best investment the word has ever seen
  45. A great investment
  46. Efficient
  47. Scalable
  48. Stable
  49. Resilient
  50. Reliable
  51. Low energy
  52. Low risk
  53. Redistribute wealth to everybody
  54. No more have's and have not's
  55. No more US and THEM
  56. No more disadvantaged people
  57. No more RICH and POOR
  58. No more poor people
  59. Uses amazing new technology
  60. Uses ingenious new technology
  61. Satishi Nakamoto invented ...
  62. Segwit will solve all of Bitcoin's woes
  63. Lightning Network will solve all of Bitcoin's woes
  64. Limited by scarcity
  65. Can only go up in value
  66. Price cannot crash
  67. Has intrinsic value
  68. Value will always be worth more than cost to mine
  69. Adoption by investors is increasing exponentially
  70. Adoption by investors is increasing
  71. Adoption by merchants is increasing exponentially
  72. Adoption by merchants is increasing
  73. You are secure if you keep your coins on an exchange
  74. You are secure if you keep your coins in a hardware wallet
  75. You are secure if you keep your coins in an air-gapped Linux PC
  76. Will change the world
  77. "the next phase in human evolution"
  78. "Blockchain is more encompassing than the internet"
  79. Blockchain can solve previously unsolvable problems.
  80. "The only regulation we need is the blockchain"
  81. "Bank the unbanked"
  82. "To abolish financial slavery and the state's toxic monopoly on money."
  83. "To have better tools in the fight against the state violence and taxation."
  84. "To stamp information on a blockchain forever so we can bypass state censorship, copyrights, patents(informational monopolies) etc."
  85. Will destroy / overthrow FIAT
  86. Will destroy / overthrow the world's governments
  87. Will destroy / overthrow the banking system
  88. Will destroy / overthrow the world economies
  89. Will free people from tyranny
  90. Will give people financial freedom
  91. Will bring world peace
  92. Never going below $19K again
  93. Never going below $18K again
  94. Never going below $17K again
  95. Never going below $16K again
  96. Never going below $15K again
  97. Never going below $14K again
  98. Never going below $13K again
  99. Never going below $12K again
  100. Never going below $11K again
  101. Never going below $10K again
  102. Never going below $9K again
  103. Never going below $8K again
  104. Never going below $7K again
  105. Never going below $6K again
  106. Never going below $5K again
  107. Never going below $4K again
  108. Is NOT a Scam
  109. Hashing Power secures the Bitcoin network
  110. Untraceable, private transactions
  111. Guaranteed privacy
  112. Not created out of thin air
  113. Not created out of thin air by unregulated, unbacked entities
  114. Totally NOT a scam
  115. Is not used primarily by crimonals, drug dealers, or money launderers.
  116. 100% secure
  117. 2010 will be the "Year of Crypto"
  118. 2011 will be the "Year of Crypto"
  119. 2012 will be the "Year of Crypto"
  120. 2013 will be the "Year of Crypto"
  121. 2014 will be the "Year of Crypto"
  122. 2015 will be the "Year of Crypto"
  123. 2016 will be the "Year of Crypto"
  124. 2017 will be the "Year of Crypto"
  125. 2018 will be the "Year of Crypto"
  126. 2019 will be the "Year of Crypto"
  127. 2010: MASS ADOPTION any day now"
  128. 2011: MASS ADOPTION aany day now"
  129. 2012: MASS ADOPTION aaany day now"
  130. 2013: MASS ADOPTION aaaany day now"
  131. 2014: MASS ADOPTION aaaaany day now"
  132. 2015: MASS ADOPTION aaaaaany day now"
  133. 2016: MASS ADOPTION aaaaaaany day now"
  134. 2017: MASS ADOPTION aaaaaaaany day now"
  135. 2018: MASS ADOPTION aaaaaaaaany day now"
  136. 2019: MASS ADOPTION aaaaaaaaany day now"
  137. "Financial Freedom, bro."
  138. no single entity, government or individual, can alter or reverse its transactions
  139. insurance against the tyranny of state
  140. Bitcoin has come to destroy all governments and bring about the libertarian utopia of my dreams.
  141. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 2+ years.
  142. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 5+ years.
  143. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 7+ years.
  144. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 9+ years.
  145. 1,000's of predictions of skyrocketing and/or never falling prices
  146. Escape the petty rivalries of warring powers and nation states by scattering control among the many. The Bitcoin Cash debacle proves that even the most cryptographically secure plans of mice and men often go awry. Ref: https://www.reddit.com/Buttcoin/comments/9zfhb6/like_theres_only_one_flaw_with_buttcoin_crash/ea8s11m
  147. People will NEVER be able to welch out of bets or deals again. Nov-2018, Ref: https://www.reddit.com/Buttcoin/comments/9zvpl2/the_guy_who_made_the_1000_bet_that_btc_wouldnt/
  148. "Everything will be better, faster, and cheaper.", Brock Pierce, EOS.io shill video.
  149. "Everything will be more connected.", Brock Pierce, EOS.io shill video.
  150. "Everything will be more trustworthy.", Brock Pierce, EOS.io shill video.
  151. "Everything will be more secure.", Brock Pierce, EOS.io shill video.
  152. "Everything that exists is no-longer going to exist in the way that it does today.", Brock Pierce, EOS.io shill video.
  153. "Everything in this world is about to get better.", Brock Pierce, EOS.io shill video.
  154. You are a slave to the bankers
  155. The bankers print money and then you pay for it
  156. Bitcoin is The Peoples Money
  157. Bitcoin will set you free
  158. Bitcoin will set you free from the slavery of the banks and the government Ref: https://www.reddit.com/Bitcoin/comments/cd2q94/bitcoin_shall_set_you_free/
  159. ~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  160. "When transactions are verified on a Blockchain, banks become obsolete.", Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  161. SnapshillBot quotes from delusional morons:
  162. "A bitcoin miner in every device and in every hand."
  163. "All the indicators are pointing to a huge year and bigger than anything we have seen before."
  164. "Bitcoin is communism and democracy working hand in hand."
  165. "Bitcoin is freedom, and we will soon be free."
  166. "Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
  167. "Bitcoin most disruptive technology of last 500 years"
  168. "Bitcoin: So easy, your grandma can use it!"
  169. "Creating a 4th Branch of Government - Bitcoin"
  170. "Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
  171. "Future us will thank us."
  172. "Give Bitcoin two years"
  173. "HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
  174. "Cut out the middleman"
  175. "full control of your own assets"
  176. "reduction in wealth gap"
  177. "no inflation"
  178. "cannot print money out of thin air"
  179. "Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
  180. "If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
  181. "Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
  182. "NO COINERS will believe anything they are fed by fake news and paid media."
  183. "I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
  184. "I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
  185. "I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
  186. "I think Bitcoin will do for mankind what the sun did for life on earth."
  187. "I think the constant scams and illegal activities only show the viability of bitcoin."
  188. "I think we're sitting on the verge of exponential interest in the currency."
  189. "I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
  190. "If Jesus ever comes back you know he's gonna be using Bitcoin"
  191. "If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
  192. "If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
  193. "In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
  194. "In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
  195. "Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
  196. "It won't be long until bitcoin is an everyday household term."
  197. "It's the USD that is volatile. Bitcoin is the real neutral currency."
  198. "Just like the early Internet!"
  199. "Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
  200. "Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
  201. "let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
  202. "My conclusion is that I see this a a very good thing for bitcoin and for users"
  203. "No one would do such a thing; it'd be against their self interests."
  204. "Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
  205. "Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
  206. "Seperation of money and state -> states become obsolete -> world peace."
  207. "Some striking similarities between Bitcoin and God"
  208. "THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
  209. "The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
  210. "The bull run should begin any day now."
  211. "The free market doesn't permit fraud and theft."
  212. "The free market will clear away the bad actors."
  213. "The only regulation we need is the blockchain."
  214. "We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
  215. "We do not need the bankers for Satoshi is our saviour!"
  216. "We have never seen something so perfect"
  217. "We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
  218. "We verified that against the blockchain."
  219. "we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
  220. "Well, since 2006, there has been a infinite% increase in price, so..."
  221. "What doesn't kill cryptocurrency makes it stronger."
  222. "When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
  223. "When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
  224. "Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
  225. "Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
  226. "You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
  227. "You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
  228. "Your phone or refrigerator might be on the blockchain one day."
  229. The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
  230. Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
  231. It's impossible to hide illegal, unsavory material on the blockchain
  232. It's impossible to hide child pornography on the blockchain
  233. Fungible
  234. All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
  235. The price of Bitcoin can only go up.
  236. "Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  237. Scarcity
  238. The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
  239. immune to government regulation
  240. "a world-changing technology"
  241. "a long-term store of value, like gold or silver"
  242. "To Complex to Be Audited."
  243. "Old Auditing rules do not apply to Blockchain."
  244. "Old Auditing rules do not apply to Cryptocurrency."
  245. "Why Bitcoin has Value: SCARCITY.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  246. "Bitcoin is the first scarce digital object the world has ever seen, it is scarce like silver & gold, and can be sent over the internet, radio, satellite etc.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  247. "Surely this digital scarcity has value.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  248. Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  249. "May 2018 will be the last time we ever see $bitcoin under $10,000", Charlie Shrem, bitcoin advocate and convicted felon, 11:31 AM 3-May-2018, https://twitter.com/CharlieShrem/status/992109375555858433
  250. "Last dip ever.", AngeloBTC, 14 Oct 2018, https://mobile.twitter.com/AngeloBTC/status/1051710824388030464/photo/1
  251. "Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally", Joseph Young, coin shill, October 15, 2018 22:30 CET, https://www.ccn.com/bitcoin-may-have-just-experienced-its-final-shakeout-before-a-big-rally/
  252. Bitcoin would be a buy if the price fell under $5,000., Mohamed El-Erian, chief economic advisor at Allianz, 29-Jun-2018, https://www.ccn.com/bitcoin-a-buy-below-5000-says-allianz-chief-economic-adviso
  253. 2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  254. 2018-02: Bitcoin price to hit $27,000 by February 2018, Trace Mayer, host of the Bitcoin Knowledge Podcast, and self-proclaimed entrepreneur, investor, journalist, monetary scientist and ardent defender, Link #1: https://mobile.twitter.com/TraceMayestatus/917260836070154240/photo/1, Link #2: https://www.bitcoinprice.com/predictions/
  255. 2018-06: "Bitcoin will surpass $15,000 in June [2018]." John McAfee, May 25, 2018, https://bitcoinist.com/john-mcafee-says-bitcoin-will-surpass-15000-in-june/
  256. 2018-07: Bitcoin will be $28,000 by mid-2018, Ronnie Moas, Wall Street analyst and founder of Standpoint Research, http://helpfordream.com/2018/12/23/5-bitcoin-price-predictions-gone-wrong/.
  257. 2018-12: Bitcoin to reach a price of between 40,000 and 110,000 US dollars by the end of the 2017 bull run ... sometime before 2019, Masterluc, 26-May-2017, an anonymous "legendary" Bitcoin trader, Link #1: https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/, Link #2: https://www.bitcoinprice.com/predictions/
  258. 2018-12: "There is no reason why we couldn’t see Bitcoin pushing $50,000 by December [2018]", Thomas Glucksmann, head of APAC business at Gatecoin, Link #1: https://www.bitcoinprice.com/predictions/
  259. 2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at 30 grand or more by next Christmas [2018] - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully" u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
  260. 2018-12: 1 bitcoin = 1 Lambo. Remind me on Christmas eve [2018] u/10GDeathBoner, 3-Feb-2018, https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/dtn2pna
  261. 2018-12: Been in BTC since 2014 and experienced many "deaths" of BTC... this too shall pass... $10k end of the year. [2018] u/Exxe2502, 30-Jun-2018 https://reddit.com/Bitcoin/comments/8uur27/_/e1ioi5b/?context=1
  262. 2018-12: "Yale Alumni prediction - 30 Grand by Christmas [2018] - and you my friend... you will be the one eating Mcafee's dick in 2020. :) -:", u/SirNakamoto, 15-Jun-2018, https://www.reddit.com/Buttcoin/comments/8r0tyh/fdic_agrees_to_cover_bitcoin_losses_in_event_of/e0nzxq7
  263. 2018-12: "Impossible For Bitcoin Not to Hit $10,000 by This Year (2018)", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 22-Sep-2018, https://www.newsbtc.com/2018/09/22/billionaire-novogratz-impossible-for-bitcoin-not-to-hit-10000-by-this-yea
  264. 2018-12: "[Bitcoin] between $13,800 and $14,800 [by end of 2018]", Fundstrat's Tom Lee, 13-Dec-2018, https://www.cnbc.com/2018/12/13/wall-streets-bitcoin-bull-tom-lee-we-are-tired-of-people-asking-us-about-target-prices.html
  265. 2018-12: "Bitcoin is going to be $15k-$20k by the end of the year (2018)", Didi Taihuttu, 1-Nov-2018, https://www.wsj.com/video/series/moving-upstream/the-bitcoin-gamble/85E3A4A7-C777-4827-9A3F-B387F2AB7654
  266. 2018-12: 2018 bitcoin price prediction reduced to $15,000 [was $25,000], Fundstrat's Tom Lee, 16-Nov-2018, https://www.cnbc.com/2018/11/16/wall-streets-crypto-bull-tom-lee-slashes-year-end-forecast-by-10000.html
  267. 2018-12: "I want to be clear, bitcoin is going to $25,000 by year end (2018)", Fundstrat's Tom Lee, 5-Jul-2018, https://www.cnbc.com/video/2018/07/05/tom-lee-i-want-to-be-clear-bitcoin-is-going-to-25000-by-year-end.html
  268. 2018-12: "Bitcoin could be at $40,000 by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
  269. 2018-12: "Bitcoin will be priced around $50,000 by the end of the year (2018)", Bitcoin bull Arthur Hayes, co-founder and CEO of BitMEX, 29-Jun-2018, https://www.cnbc.com/2018/06/29/bitcoin-will-reach-50000-in-2018-says-founder-of-bitcoin-exchange.html
  270. 2018-12: "Bitcoin could definitely see $50,000 in 2018", Jeet Singh, cryptocurrency portfolio manager, speaking in January 2018 at the World Economic Forum in Davos, https://www.dcforecasts.com/new-prediction-says-bitcoin-hit-50000-2018/
  271. 2018-12: "Bitcoin will hit $100,000 this year (2018)", Kay Van-Petersen, an analyst at Saxo Bank, 17-Jan-2018, https://www.cnbc.com/2018/01/16/bitcoin-headed-to-100000-in-2018-analyst-who-forecast-2017-price-move.html
  272. 2018-12: "Bitcoin price to surpass the $100,000 mark by the end of 2018", Tone Vays, 21-Sep-2017, https://www.ccn.com/prominent-bitcoin-trader-price-is-heading-towards-100000-in-2018/
  273. 2018-12: "Bitcoin’s Price Will Surpass the $100,000 Mark by the End of 2018", Anonymous ("author" obviously too embarrassed to put his name to such bullshit "articles"), Oct-2018, https://investingpr.com/bitcoin-price-predictions-for-2018/
  274. 2018-12: "Our [2018] year-end bitcoin target is $7700.", James Stefurak, Founder at Monarch Research. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  275. 2018-12: "... we’ll see the price rally reaching its all-time of high of around $20K before the end of 2018", Khaled Khorshid, Co-Founder at Treon ICO. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  276. 2018-12: Bitcoin will end 2018 at the price point of $50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
  277. Plus a whole host of wrong 2019 predictions (could not be included here because of post character limit issues), so please see my earlier post from 4 days ago: Ummm, remember those "Expert" Bitcoin Price Predictions for 2019 ..... ohhhhh dear ....., https://www.reddit.com/Buttcoin/comments/eiqhq3/ummm_remember_those_expert_bitcoin_price/
.
But it's NOT all bad news, some claims and promises are yet to be determined:
  1. Never going below $3K again
  2. Never going below $2K again
  3. Never going below $1K again
  4. Any others ? Please let me know.
submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

Reality Distortion Field

Ok fantards, I'm sure your egos are way too fragile to actually break from the fanboy narrative here but we are definitely going lower. But, look at all the upgrades! Yeah, and we're going lower, I figure $25.00 is a nice re-entry point. There are a lot of reason for this, but look at the macro. This is the top for now, not just in AMD but also the general market. Everyone is on pins and needles waiting for another rate cut. Why? Because the economy is propped to a ridiculous level. No rate cut? It crashes. Rate cut without promise of future cuts? It crashes. Fed injecting massive amounts of liquidity? Check. Manufacturing jobs disappearing? Check. All time high after all time high? Check. The global economy not doing so hot and we're ignoring it completely? Check. Smart money is exiting and securing their short positions as we speak. They're buoying the market just long enough to set themselves up for the retracement. I was around for 2008. Everything was wonderful, totally rock solid until it wasn't. And I'll admit that we aren't looking at another 2008 but we are looking at a helluva correction. Ironically, AMD will be ok but not until next year.
On that front, what do we have? Highest revs since 2007. Yay. See the irony? Rollout is too slow, PE is too high (yes it matters, especially when you're dealing with a manufacturer), too much hype around the CEO and too many new shares being dumped into the market. Yes, they are diluting, look at the numbers. I remember when they sought authorization for share issuance and all the usual fantards here started dumb-shaming anybody on here who dared question the notion that they might dilute. They were doing it "just so that they have the option of doing it" or some kind of nonsense like that was whet they said with indignant sanctimony. Well, they have been diluting and still are. It's not that bad compared to what it could be but it's still there and it affects the share price. Intel has been buying back shares and so has Nvidia.
https://ycharts.com/companies/AMD/stock_buyback
But don't worry, help is on the way. I think that they actually guided too conservatively for next quarter actually. I think that in the end AMD's superior tech will win decisive battles for market share. And, even though most of the "very smart" people on here throw a tantrum whenever I mention this: Crypto will be resurgent and AMD will benefit directly from it. The Ethereum mining hardware pool is diverse, they don't want just ASICs for a host of reasons. You can dismiss this out of hand at the behest of your own arrogance but it's the truth. it will make a difference in the bottom line. You're looking at massive crypto gains in 2020. I'm not going to explain why because he does it a lot better:
https://www.tradingview.comfilbfilb/
I picked up GBTC when Bitcoin was at 7500 and just sold it at 9400. I'm waiting for 8250 range to re-enter. But when it blows up it will take GPU mine-able alts with it. And if you think that these miners aren't already anticipating this and aren't accumulating cards right now to avoid profiteering when Bitcoin breaks to the upside then you're delusional. Why do you think Radeons are "Selling like hot cakes"? The tunnel vision here is amazing. Whatever the mainstream narrative is you guys eat it up. Stop being such a bunch of fanboys.
submitted by rantus to AMD_Stock [link] [comments]

Your Guide to Monero, and Why It Has Great Potential

/////Your Guide to Monero, and Why It Has Great Potential/////

Marketing.
It's a dirty word for most members of the Monero community.
It is also one of the most divisive words in the Monero community. Yet, the lack of marketing is one of the most frustrating things for many newcomers.
This is what makes this an unusual post from a member of the Monero community.
This post is an unabashed and unsolicited analyzation of why I believe Monero to have great potential.
Below I have attempted to outline different reasons why Monero has great potential, beginning with upcoming developments and use cases, to broader economic motives, speculation, and key issues for it to overcome.
I encourage you to discuss and criticise my musings, commenting below if you feel necessary to do so.

///Upcoming Developments///

Bulletproofs - A Reduction in Transaction Sizes and Fees
Since the introduction of Ring Confidential Transactions (Ring CT), transaction amounts have been hidden in Monero, albeit at the cost of increased transaction fees and sizes. In order to mitigate this issue, Bulletproofs will soon be added to reduce both fees and transaction size by 80% to 90%. This is great news for those transacting smaller USD amounts as people commonly complained Monero's fees were too high! Not any longer though! More information can be found here. Bulletproofs are already working on the Monero testnet, and developers were aiming to introduce them in March 2018, however it could be delayed in order to ensure everything is tried and tested.
Multisig
Multisig has recently been merged! Mulitsig, also called multisignature, is the requirement for a transaction to have two or more signatures before it can be executed. Multisig transactions and addresses are indistinguishable from normal transactions and addresses in Monero, and provide more security than single-signature transactions. It is believed this will lead to additional marketplaces and exchanges to supporting Monero.
Kovri
Kovri is an implementation of the Invisible Internet Project (I2P) network. Kovri uses both garlic encryption and garlic routing to create a private, protected overlay-network across the internet. This overlay-network provides users with the ability to effectively hide their geographical location and internet IP address. The good news is Kovri is under heavy development and will be available soon. Unlike other coins' false privacy claims, Kovri is a game changer as it will further elevate Monero as the king of privacy.
Mobile Wallets
There is already a working Android Wallet called Monerujo available in the Google Play Store. X Wallet is an IOS mobile wallet. One of the X Wallet developers recently announced they are very, very close to being listed in the Apple App Store, however are having some issues with getting it approved. The official Monero IOS and Android wallets, along with the MyMonero IOS and Android wallets, are also almost ready to be released, and can be expected very soon.
Hardware Wallets
Hardware wallets are currently being developed and nearing completion. Because Monero is based on the CryptoNote protocol, it means it requires unique development in order to allow hardware wallet integration. The Ledger Nano S will be adding Monero support by the end of Q1 2018. There is a recent update here too. Even better, for the first time ever in cryptocurrency history, the Monero community banded together to fund the development of an exclusive Monero Hardware Wallet, and will be available in Q2 2018, costing only about $20! In addition, the CEO of Trezor has offered a 10BTC bounty to whoever can provide the software to allow Monero integration. Someone can be seen to already be working on that here.
TAILS Operating System Integration
Monero is in the progress of being packaged in order for it to be integrated into TAILS and ready to use upon install. TAILS is the operating system popularised by Edward Snowden and is commonly used by those requiring privacy such as journalists wanting to protect themselves and sources, human-right defenders organizing in repressive contexts, citizens facing national emergencies, domestic violence survivors escaping from their abusers, and consequently, darknet market users.
In the meantime, for those users who wish to use TAILS with Monero, u/Electric_sheep01 has provided Sheep's Noob guide to Monero GUI in Tails 3.2, which is a step-by-step guide with screenshots explaining how to setup Monero in TAILS, and is very easy to follow.
Mandatory Hardforks
Unlike other coins, Monero receives a protocol upgrade every 6 months in March and September. Think of it as a Consensus Protocol Update. Monero's hard forks ensure quality development takes place, while preventing political or ideological issues from hindering progress. When a hardfork occurs, you simply download and use the new daemon version, and your existing wallet files and copy of the blockchain remain compatible. This reddit post provides more information.
Dynamic fees
Many cryptocurrencies have an arbitrary block size limit. Although Monero has a limit, it is adaptive based on the past 100 blocks. Similarly, fees change based on transaction volume. As more transactions are processed on the Monero network, the block size limit slowly increases and the fees slowly decrease. The opposite effect also holds true. This means that the more transactions that take place, the cheaper the fees!
Tail Emission and Inflation
There will be around 18.4 million Monero mined at the end of May 2022. However, tail emission will kick in after that which is 0.6 XMR, so it has no fixed limit. Gundamlancer explains that Monero's "main emission curve will issue about 18.4 million coins to be mined in approximately 8 years. (more precisely 18.132 Million coins by ca. end of May 2022) After that, a constant "tail emission" of 0.6 XMR per 2-minutes block (modified from initially equivalent 0.3 XMR per 1-minute block) will create a sub-1% perpetual inflatio starting with 0.87% yearly inflation around May 2022) to prevent the lack of incentives for miners once a currency is not mineable anymore.
Monero Research Lab
Monero has a group of anonymous/pseudo-anonymous university academics actively researching, developing, and publishing academic papers in order to improve Monero. See here and here. The Monero Research Lab are acquainted with other members of cryptocurrency academic community to ensure when new research or technology is uncovered, it can be reviewed and decided upon whether it would be beneficial to Monero. This ensures Monero will always remain a leading cryptocurrency. A recent end of 2017 update from a MRL researcher can be found here.

///Monero's Technology - Rising Above The Rest///

Monero Has Already Proven Itself To Be Private, Secure, Untraceable, and Trustless
Monero is the only private, untraceable, trustless, secure and fungible cryptocurrency. Bitcoin and other cryptocurrencies are TRACEABLE through the use of blockchain analytics, and has lead to the prosecution of numerous individuals, such as the alleged Alphabay administrator Alexandre Cazes. In the Forfeiture Complaint which detailed the asset seizure of Alexandre Cazes, the anonymity capabilities of Monero were self-demonstrated by the following statement of the officials after the AlphaBay shutdown: "In total, from CAZES' wallets and computer agents took control of approximately $8,800,000 in Bitcoin, Ethereum, Monero and Zcash, broken down as follows: 1,605.0503851 Bitcoin, 8,309.271639 Ethereum, 3,691.98 Zcash, and an unknown amount of Monero".
Privacy CANNOT BE OPTIONAL and must be at a PROTOCOL LEVEL. With Monero, privacy is mandatory, so that everyone gets the benefits of privacy without any transactions standing out as suspicious. This is the reason Darknet Market places are moving to Monero, and will never use Verge, Zcash, Dash, Pivx, Sumo, Spectre, Hush or any other coins that lack good privacy. Peter Todd (who was involved in the Zcash trusted setup ceremony) recently reiterated his concerns of optional privacy after Jeffrey Quesnelle published his recent paper stating 31.5% of Zcash transactions may be traceable, and that only ~1% of the transactions are pure privacy transactions (i.e., z -> z transactions). When the attempted private transactions stand out like a sore thumb there is no privacy, hence why privacy cannot be optional. In addition, in order for a cryptocurrency to truly be private, it must not be controlled by a centralised body, such as a company or organisation, because it opens it up to government control and restrictions. This is no joke, but Zcash is supported by DARPA and the Israeli government!.
Monero provides a stark contrast compared to other supposed privacy coins, in that Monero does not have a rich list! With all other coins, you can view wallet balances on the blockexplorers. You can view Monero's non-existent rich list here to see for yourself.
I will reiterate here that Monero is TRUSTLESS. You don't need to rely on anyone else to protect your privacy, or worry about others colluding to learn more about you. No one can censor your transaction or decide to intervene. Monero is immutable, unlike Zcash, in which the lead developer Zooko publicly tweeted the possibility of providing a backdoor for authorities to trace transactions. To Zcash's demise, Zooko famously tweeted:
" And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"
Ethereum's track record of immutability is also poor. Ethereum was supposed to be an immutable blockchain ledger, however after the DAO hack this proved to not be the case. A 2016 article on Saintly Law summarised the problematic nature of Ethereum's leadership and blockchain intervention:
" Many ethereum and blockchain advocates believe that the intervention was the wrong move to make in this situation. Smart contracts are meant to be self-executing, immutable and free from disturbance by organisations and intermediaries. Yet the building block of all smart contracts, the code, is inherently imperfect. This means that the technology is vulnerable to the same malicious hackers that are targeting businesses and governments. It is also clear that the large scale intervention after the DAO hack could not and would not likely be taken in smaller transactions, as they greatly undermine the viability of the cryptocurrency and the technology."
Monero provides Fungibility and Privacy in a Cashless World
As outlined on GetMonero.org, fungibility is the property of a currency whereby two units can be substituted in place of one another. Fungibility means that two units of a currency can be mutually substituted and the substituted currency is equal to another unit of the same size. For example, two $10 bills can be exchanged and they are functionally identical to any other $10 bill in circulation (although $10 bills have unique ID numbers and are therefore not completely fungible). Gold is probably a closer example of true fungibility, where any 1 oz. of gold of the same grade is worth the same as another 1 oz. of gold. Monero is fungible due to the nature of the currency which provides no way to link transactions together nor trace the history of any particular XMR. 1 XMR is functionally identical to any other 1 XMR. Fungibility is an advantage Monero has over Bitcoin and almost every other cryptocurrency, due to the privacy inherent in the Monero blockchain and the permanently traceable nature of the Bitcoin blockchain. With Bitcoin, any BTC can be tracked by anyone back to its creation coinbase transaction. Therefore, if a coin has been used for an illegal purpose in the past, this history will be contained in the blockchain in perpetuity.
A great example of Bitcoin's lack of fungibility was reposted by u/ViolentlyPeaceful:
"Imagine you sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment."
This lack of fungibility means that certain businesses will be obligated to avoid accepting BTC that have been previously used for purposes which are illegal, or simply run afoul of their Terms of Service. Currently some large Bitcoin companies are blocking, suspending, or closing accounts that have received Bitcoin used in online gambling or other purposes deemed unsavory by said companies. Monero has been built specifically to address the problem of traceability and non-fungibility inherent in other cryptocurrencies. By having completely private transactions Monero is truly fungible and there can be no blacklisting of certain XMR, while at the same time providing all the benefits of a secure, decentralized, permanent blockchain.
The world is moving cashless. Fact. The ramifications of this are enormous as we move into a cashless world in which transactions will be tracked and there is a potential for data to be used by third parties for adverse purposes. While most new cryptocurrency investors speculate upon vaporware ICO tokens in the hope of generating wealth, Monero provides salvation for those in which financial privacy is paramount. Too often people equate Monero's features with criminal endeavors. Privacy is not a crime, and is necessary for good money. Transparency in Monero is possible OFF-CHAIN, which offers greater transparency and flexibility. For example, a Monero user may share their Private View Key with their accountant for tax purposes.
Monero aims to be adopted by more than just those with nefarious use cases. For example, if you lived in an oppressive religious regime and wanted to buy a certain item, using Monero would allow you to exchange value privately and across borders if needed. Another example is that if everybody can see how much cryptocurrency you have in your wallet, then a certain service might decide to charge you more, and bad actors could even use knowledge of your wallet balance to target you for extortion purposes. For example, a Russian cryptocurrency blogger was recently beaten and robbed of $425k. This is why FUNGIBILITY IS ESSENTIAL. To summarise this in a nutshell:
"A lack of fungibility means that when sending or receiving funds, if the other person personally knows you during a transaction, or can get any sort of information on you, or if you provide a residential address for shipping etc. – you could quite potentially have them use this against you for personal gain"
For those that wish to seek more information about why Monero is a superior form of money, read The Merits of Monero: Why Monero Vs Bitcoin over on the Monero.how website.
Monero's Humble Origins
Something that still rings true today despite the great influx of money into cryptocurrencies was outlined in Nick Tomaino's early 2016 opinion piece. The author claimed that "one of the most interesting aspects of Monero is that the project has gained traction without a crowd sale pre-launch, without VC funding and any company or well-known investors and without a pre-mine. Like Bitcoin in the early days, Monero has been a purely grassroots movement that was bootstrapped by the creator and adopted organically without any institutional buy-in. The creator and most of the core developers serve the community pseudonymously and the project was launched on a message board (similar to the way Bitcoin was launched on an email newsletter)."
The Organic Growth of the Monero Community
The Monero community over at monero is exponentially growing. You can view the Monero reddit metrics here and see that the Monero subreddit currently gains more than 10,000 (yes, ten thousand!) new subscribers every 10 days! Compare this to most of the other coins out there, and it proves to be one of the only projects with real organic growth. In addition to this, the community subreddits are specifically divided to ensure the main subreddit remains unbiased, tech focused, with no shilling or hype. All trading talk is designated to xmrtrader, and all memes at moonero.
Forum Funding System
While most contributors have gratefully volunteered their time to the project, Monero also has a Forum Funding System in which money is donated by community members to ensure it attracts and retains the brightest minds and most skilled developers. Unlike ICOs and other cryptocurrencies, Monero never had a premine, and does not have a developer tax. If ANYONE requires funding for a Monero related project, then they can simply request funding from the community, and if the community sees it as beneficial, they will donate. Types of projects range from Monero funding for local meet ups, to paying developers for their work.
Monero For Goods, Services, and Market Places
There is a growing number of online goods and services that you can now pay for with Monero. Globee is a service that allows online merchants to accept payments through credit cards and a host of cryptocurrencies, while being settled in Bitcoin, Monero or fiat currency. Merchants can reach a wider variety of customers, while not needing to invest in additional hardware to run cryptocurrency wallets or accept the current instability of the cryptocurrency market. Globee uses all of the open source API's that BitPay does making integrations much easier!
Project Coral Reef is a service which allows you to shop and pay for popular music band products and services using Monero.
Linux, Veracrypt, and a whole array of VPNs now accept Monero.
There is a new Monero only marketplace called Annularis currently being developed which has been created for those who value financial privacy and economic freedom, and there are rumours Open Bazaar is likely to support Monero once Multisig is implemented.
In addition, Monero is also supported by The Living Room of Satoshi so you can pay bills or credit cards directly using Monero.
Monero can be found on a growing number of cryptocurrency exchange services such as Bittrex, Poloniex, Cryptopia, Shapeshift, Changelly, Bitfinex, Kraken, Bisq, Tux, and many others.
For those wishing to purchase Monero anonymously, there are services such as LocalMonero.co and Moneroforcash.com.
With XMR.TO you can pay Bitcoin addresses directly with Monero. There are no other fees than the miner ones. All user records are purged after 48 hours. XMR.TO has also been added as an embedded feature into the Monerujo android wallet.
Coinhive Browser-Based Mining
Unlike Bitcoin, Monero can be mined using CPUs and GPUs. Not only does this encourage decentralisation, it also opens the door to browser based mining. Enter side of stage, Coinhive browser-based mining. As described by Hon Lau on the Symnatec Blog Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using Javascript. Coinhive is marketed as an alternative to browser ad revenue. The motivation behind this is simple: users pay for the content indirectly by coin mining when they visit the site and website owners don't have to bother users with sites laden with ads, trackers, and all the associated paraphern. This is great, provided that the websites are transparent with site visitors and notify users of the mining that will be taking place, or better still, offer users a way to opt in, although this hasn't always been the case thus far.
Skepticism Sunday
The main Monero subreddit has weekly Skepticism Sundays which was created with the purpose of installing "a culture of being scientific, skeptical, and rational". This is used to have open, critical discussions about monero as a technology, it's economics, and so on.

///Speculation///

Major Investors And Crypto Figureheads Are Interested
Ari Paul is the co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group. Paul was interviewed on CNBC on the 26th of December and when asked what was his favourite coin was, he stated "One that has real fundamental value besides from Bitcoin is Monero" and said it has "very strong engineering". In addition, when he was asked if that was the one used by criminals, he replied "Everything is used by criminals including the US dollar and the Euro". Paul later supported these claims on Twitter, recommending only Bitcoin and Monero as long-term investments.
There are reports that "Roger Ver, earlier known as 'Bitcoin Jesus' for his evangelical support of the Bitcoin during its early years, said his investment in Monero is 'substantial' and his biggest in any virtual currency since Bitcoin.
Charlie Lee, the creator of Litecoin, has publicly stated his appreciation of Monero. In a September 2017 tweet directed to Edward Snowden explaining why Monero is superior to Zcash, Charlie Lee tweeted:
All private transactions, More tested privacy tech, No tax on miners to pay investors, No high inflation... better investment.
John McAfee, arguably cryptocurrency's most controversial character at the moment, has publicly supported Monero numerous times over the last twelve months(before he started shilling ICOs), and has even claimed it will overtake Bitcoin.
Playboy instagram celebrity Dan Bilzerian is a Monero investor, with 15% of his portfolio made up of Monero.
Finally, while he may not be considered a major investor or figurehead, Erik Finman, a young early Bitcoin investor and multimillionaire, recently appeared in a CNBC Crypto video interview, explaining why he isn't entirely sold on Bitcoin anymore, and expresses his interest in Monero, stating:
"Monero is a really good one. Monero is an incredible currency, it's completely private."
There is a common belief that most of the money in cryptocurrency is still chasing the quick pump and dumps, however as the market matures, more money will flow into legitimate projects such as Monero. Monero's organic growth in price is evidence smart money is aware of Monero and gradually filtering in.
The Bitcoin Flaw
A relatively unknown blogger named CryptoIzzy posted three poignant pieces regarding Monero and its place in the world. The Bitcoin Flaw: Monero Rising provides an intellectual comparison of Monero to other cryptocurrencies, and Valuing Cryptocurrencies: An Approach outlines methods of valuing different coins.
CryptoIzzy's most recent blog published only yesterday titled Monero Valuation - Update and Refocus is a highly recommended read. It touches on why Monero is much more than just a coin for the Darknet Markets, and provides a calculated future price of Monero.
CryptoIzzy also published The Power of Money: A Case for Bitcoin, which is an exploration of our monetary system, and the impact decentralised cryptocurrencies such as Bitcoin and Monero will have on the world. In the epilogue the author also provides a positive and detailed future valuation based on empirical evidence. CryptoIzzy predicts Monero to easily progress well into the four figure range.
Monero Has a Relatively Small Marketcap
Recently we have witnessed many newcomers to cryptocurrency neglecting to take into account coins' marketcap and circulating supply, blindly throwing money at coins under $5 with inflated marketcaps and large circulating supplies, and then believing it's possible for them to reach $100 because someone posted about it on Facebook or Reddit.
Compared to other cryptocurrencies, Monero still has a low marketcap, which means there is great potential for the price to multiply. At the time of writing, according to CoinMarketCap, Monero's marketcap is only a little over $5 billion, with a circulating supply of 15.6 million Monero, at a price of $322 per coin.
For this reason, I would argue that this is evidence Monero is grossly undervalued. Just a few billion dollars of new money invested in Monero can cause significant price increases. Monero's marketcap only needs to increase to ~$16 billion and the price will triple to over $1000. If Monero's marketcap simply reached ~$35 billion (just over half of Ripple's $55 billion marketcap), Monero's price will increase 600% to over $2000 per coin.
Another way of looking at this is Monero's marketcap only requires ~$30 billion of new investor money to see the price per Monero reach $2000, while for Ethereum to reach $2000, Ethereum's marketcap requires a whopping ~$100 billion of new investor money.
Technical Analysis
There are numerous Monero technical analysts, however none more eerily on point than the crowd-pleasing Ero23. Ero23's charts and analysis can be found on Trading View. Ero23 gained notoriety for his long-term Bitcoin bull chart published in February, which is still in play today. Head over to his Trading View page to see his chart: Monero's dwindling supply. $10k in 2019 scenario, in which Ero23 predicts Monero to reach $10,000 in 2019. There is also this chart which appears to be freakishly accurate and is tracking along perfectly today.
Coinbase Rumours
Over the past 12 months there have been ongoing rumours that Monero will be one of the next cryptocurrencies to be added to Coinbase. In January 2017, Monero Core team member Riccardo 'Fluffypony' Spagni presented a talk at Coinbase HQ. In addition, in November 2017 GDAX announced the GDAX Digit Asset Framework outlining specific parameters cryptocurrencies must meet in order to be added to the exchange. There is speculation that when Monero has numerous mobile and hardware wallets available, and multisig is working, then it will be added. This would enable public accessibility to Monero to increase dramatically as Coinbase had in excess of 13 million users as of December, and is only going to grow as demand for cryptocurrencies increases. Many users argue that due to KYC/AML regulations, Coinbase will never be able to add Monero, however the Kraken exchange already operates in the US and has XMfiat pairs, so this is unlikely to be the reason Coinbase is yet to implement XMfiat trading.
Monero Is Not an ICO Scam
It is likely most of the ICOs which newcomers invest in, hoping to get rich quick, won't even be in the Top 100 cryptocurrencies next year. A large portion are most likely to be pumps and dumps, and we have already seen numerous instances of ICO exit scams. Once an ICO raises millions of dollars, the developers or CEO of the company have little incentive to bother rolling out their product or service when they can just cash out and leave. The majority of people who create a company to provide a service or product, do so in order to generate wealth. Unless these developers and CEOs are committed and believed in their product or service, it's likely that the funds raised during the ICO will far exceed any revenue generated from real world use cases.
Monero is a Working Currency, Today
Monero is a working currency, here today.
The majority of so called cryptocurrencies that exist today are not true currencies, and do not aim to be. They are a token of exchange. They are like a share in a start-up company hoping to use blockchain technology to succeed in business. A crypto-assest is a more accurate name for coins such as Ethereum, Neo, Cardano, Vechain, etc.
Monero isn't just a vaporware ICO token that promises to provide a blockchain service in the future. It is not a platform for apps. It is not a pump and dump coin.
Monero is the only coin with all the necessary properties to be called true money.
Monero is private internet money.
Some even describe Monero as an online Swiss Bank Account or Bitcoin 2.0, and it is here to continue on from Bitcoin's legacy.
Monero is alleviating the public from the grips of banks, and protests the monetary system forced upon us.
Monero only achieved this because it is the heart and soul, and blood, sweat, and tears of the contributors to this project. Monero supporters are passionate, and Monero has gotten to where it is today thanks to its contributors and users.

///Key Issues for Monero to Overcome///

Scalability
While Bulletproofs are soon to be implemented in order to improve Monero's transaction sizes and fees, scalability is an issue for Monero that is continuously being assessed by Monero's researchers and developers to find the most appropriate solution. Ricardo 'Fluffypony' Spagni recently appeared on CNBC's Crypto Trader, and when asked whether Monero is scalable as it stands today, Spagni stated that presently, Monero's on-chain scaling is horrible and transactions are larger than Bitcoin's (because of Monero's privacy features), so side-chain scaling may be more efficient. Spagni elaborated that the Monero team is, and will always be, looking for solutions to an array of different on-chain and off-chain scaling options, such as developing a Mimblewimble side-chain, exploring the possibility of Lightning Network so atomic swaps can be performed, and Tumblebit.
In a post on the Monero subreddit from roughly a month ago, monero moderator u/dEBRUYNE_1 supports Spagni's statements. dEBRUYNE_1 clarifies the issue of scalability:
"In Bitcoin, the main chain is constrained and fees are ludicrous. This results in users being pushed to second layer stuff (e.g. sidechains, lightning network). Users do not have optionality in Bitcoin. In Monero, the goal is to make the main-chain accessible to everyone by keeping fees reasonable. We want users to have optionality, i.e., let them choose whether they'd like to use the main chain or second layer stuff. We don't want to take that optionality away from them."
When the Spagni CNBC video was recently linked to the Monero subreddit, it was met with lengthy debate and discussion from both users and developers. u/ferretinjapan summarised the issue explaining:
"Monero has all the mechanisms it needs to find the balance between transaction load, and offsetting the costs of miner infrastructure/profits, while making sure the network is useful for users. But like the interviewer said, the question is directed at "right now", and Fluffys right to a certain extent, Monero's transactions are huge, and compromises in blockchain security will help facilitate less burdensome transactional activity in the future. But to compare Monero to Bitcoin's transaction sizes is somewhat silly as Bitcoin is nowhere near as useful as monero, and utility will facilitate infrastructure building that may eventually utterly dwarf Bitcoin. And to equate scaling based on a node being run on a desktop being the only option for what classifies as "scalable" is also an incredibly narrow interpretation of the network being able to scale, or not. Given the extremely narrow definition of scaling people love to (incorrectly) use, I consider that a pretty crap question to put to Fluffy in the first place, but... ¯_(ツ)_/¯"
u/xmrusher also contributed to the discussion, comparing Bitcoin to Monero using this analogous description:
"While John is much heavier than Henry, he's still able to run faster, because, unlike Henry, he didn't chop off his own legs just so the local wheelchair manufacturer can make money. While Morono has much larger transactions then Bitcoin, it still scales better, because, unlike Bitcoin, it hasn't limited itself to a cripplingly tiny blocksize just to allow Blockstream to make money."
Setting up a wallet can still be time consuming
It's time consuming and can be somewhat difficult for new cryptocurrency users to set up their own wallet using the GUI wallet or the Command Line Wallet. In order to strengthen and further decentralize the Monero network, users are encouraged to run a full node for their wallet, however this can be an issue because it can take up to 24-48 hours for some users depending on their hard-drive and internet speeds. To mitigate this issue, users can run a remote node, meaning they can remotely connect their wallet to another node in order to perform transactions, and in the meantime continue to sync the daemon so in the future they can then use their own node.
For users that do run into wallet setup issues, or any other problems for that matter, there is an extremely helpful troubleshooting thread on the Monero subreddit which can be found here. And not only that, unlike some other cryptocurrency subreddits, if you ask a question, there is always a friendly community member who will happily assist you. Monero.how is a fantastic resource too!
Despite still being difficult to use, the user-base and price may increase dramatically once it is easier to use. In addition, others believe that when hardware wallets are available more users will shift to Monero.

///Conclusion///

I actually still feel a little shameful for promoting Monero here, but feel a sense of duty to do so.
Monero is transitioning into an unstoppable altruistic beast. This year offers the implementation of many great developments, accompanied by the likelihood of a dramatic increase in price.
I request you discuss this post, point out any errors I have made, or any information I may have neglected to include. Also, if you believe in the Monero project, I encourage you to join your local Facebook or Reddit cryptocurrency group and spread the word of Monero. You could even link this post there to bring awareness to new cryptocurrency users and investors.
I will leave you with an old on-going joke within the Monero community - Don't buy Monero - unless you have a use case for it of course :-) Just think to yourself though - Do I have a use case for Monero in our unpredictable Huxleyan society? Hint: The answer is ?
Edit: Added in the Tail Emission section, and noted Dan Bilzerian as a Monero investor. Also added information regarding the XMR.TO payment service. Added info about hardfork
submitted by johnfoss69 to CryptoCurrency [link] [comments]

Interesting analysis on Ardor

https://www.tradingview.com/chart/ARDRBTC/eLgI1Lwk-Ardor-The-BaaS-Platform-You-Haven-t-Heard-About/
This analysis is done by LARP-Capital - June 3 2019 Excerpt from link above:
Technical Analysis: Ardor has fully retraced to 1000 satoshi, which has been a zone of demand in the past. The market is extremely oversold, and continues to lag behind other markets that are beginning to perform as a result of Bitcoin's recent appreciation. Ardor printed its first bullish weekly candle in 9 weeks, on this support zone , in a market where people are beginning to take risks on altcoins. The ARDUSD chart is showing a breakout of wedge structure, which in many cases, precedes positive price action on ARDBTC.
Fundamental Analysis: - 91Million dollar market capitalization at the time of writing. - Advanced platform that has ethereum and many other competitors beat in terms of scalability, privacy, security, etc... - No hype project: the trade is not overcrowded. Many "moonbois" will not buy ardr because they would rather fomo in to projects that are more concerned w/ marketing than tech. This is good, because it allows Ardor to move upwards rapidly, as the people who hold Ardor are long term believers in the project who aren't interested in selling (no resistance otw up). - PoS algorithm is computationally efficient, environmentally friendly, and secure. - Non inflationary. Supply is fixed. There is no sell pressure from miners. - Many "whales" in the project, stemming back from its predecessor, NXT.
submitted by MHohne to Ardor [link] [comments]

Intersecting and competing interests of miners vs. investors

This post is pure speculation but it's something that I've been thinking about for a while. This post is informational - it's not a quick FUD/FOMO analysis. However, I do make a case for being a long-term bull (i.e. years).
There are two major groups with large individual resources: miners and crypto investors. These aren't your general traders, these are large, multi-million dollar groups (or larger). Let's look at motivations of both to see how it can relate to prices.
Crypto Miners
Miners obviously want maximum profit. There are several ways to do this:
Note that Bitcoin's difficulty is at all-time high. Litecoin too. Increased difficulty means the same equipment will take longer to generate the same reward. Also note that with the upcoming halving - coming in a month for Litecoin and next year for Bitcoin - the reward for each crypto will significantly decrease. This means that - all else being equal - the profit for miners will drop significantly (temporarily, at least).
The other news is that your typical miner isn't making a lot of money. Like many other examples, economies of scale come into play and your big investors that have large facilities and equipment are the ones making more money. This means more power in the hands of fewer people who have a larger investment with their various interests. How is an individual going to compete with something like this?
Also note that when the crypto market fell at the end of 2017, miner manufacturers had losses due to lack of new buyers. This led to a collapse in prices for various ASIC equipment and related hardware. This does affect stock market prices. Although crypto hardware isn't exactly a huge profit center, check out stock prices for AMD, Intel, and NVidia for the last 5 years. You'll see articles like this and this that support my conclusions. Someone could dig more into this to get better numbers.
Crypto Investors
Crypto investors (the whales), don't really care as much about buying vs. selling - they can profit in either move in the price. However, shorting is risky and shorting crypto is very risky so more are likely to err on the side of growth. It also benefits them for any large swing in prices as opposed to steady growth. They want the market to continue to grow since if it shrinks, it can be destroyed and their profits will go away. They also don't want the market to get too large too fast but some things are beyond their control once they overheat. They're frustrated since they want to pump a lot of money into this - for massive profits - but this attention will be noticed. For instance, if some whale invests $50b into Bitcoin, it'll cause havok on the market and the prices so they have to have relatively small investments. The big institutions want to throw more money into it but they know that if they do, the market will get out of hand. Being noticed invites unwanted regulations and this leads to loss of control and, likely, lower prices with less opportunity.
Note that the interests of both miners and investors sometimes overlap. For instance, miners want the crypto price to be higher so they have higher profits. Investors will also receive the rewards through higher prices.
However, sometimes their interests are in conflict. For instance, if I was running a mining business and I had some resources, here's what I see: an increasing rise in costs due to higher ASIC prices, lower reward due to higher difficulty, and lower reward due to halving.
What's my solution? I would:
You can see how investors could be working for this where some miners could get money together to hire professional traders to do this. Same with companies like AMD, Intel, NVidia, and others (ex: Samsung) who stand to make a lot of money selling this equipment.
The simple problem with crypto is for it to succeed:
The only solution is for the miners - and their suppliers - to continue to pump crypto prices higher to maximize their profits... indefinitely. Investors help out with raising prices but they also help when the market overheats and they cash out and/or short. A market crash temporarily helps miners who can now buy cheaper equipment.
We've all seen charts like these. How else can you explain such projectors (due to past history)? You do that with the continued - almost mathematically calculated - rises and falls in prices over time. If you add in difficulty, ASIC prices, and miner profitability, I'm sure you'll see a pattern. Larger difficulty (i.e. more costs) and higher hardware prices require higher crypto prices for miners to continue to be in business. Considering the market is still relatively small, it's easier to manipulate for higher prices.
submitted by SsurebreC to LitecoinTraders [link] [comments]

Bitcoin Cash stays on the track towards the next target level of $350

Bitcoin Cash stays on the track towards the next target level of $350
https://uk.tradingview.com/chart/BCHUSD/tuD6yjwi-Bitcoin-Cash-is-on-the-right-track/
https://preview.redd.it/3blqh6rnpvw31.png?width=1188&format=png&auto=webp&s=96520d148ea9867a9d23df659aae7ba0abae2224
* We have seen a very positive dynamic of BCH price recently, while the coin has successfully made its way from $200 to $300, within a couple of weeks.
* As BCH network halvening approaches, many of market participants expect the price of BCH to surge, as is the case with Bitcoin . However, some opinion leaders cast doubts on the halvening itself. Namely, Dan Hedl, the Director of BD at the Kraken exchange, thinks that the halvening would cause miners losing profits that will spur them to switch to Bitcoin . He also announced that Bitcoin Cash halvening, which is due in 160 Days, may hit the BCH hashrate and increase a chance of 51% attacks.
* In contrast, Roger Ver, the Bitcoin Cash proponent and former CEO of Bitcoin .com, declared that he will share $5 worth of BCH to all of his friends on Facebook , because he believes that Bitcoin Cash price could increase by almost 100,000 percent.
* In the meanwhile, we see that the positive price dynamics keeps up on a Daily time-frame, and we are quite optimistic on BCH to proceed to the next short- to mid-term target of $350.
Active trade signal
Buy @ $270 - $290. Target: $350. Stop-loss: $265.
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
submitted by Monfex to Bitcoincash [link] [comments]

Let's talk about Operation Dragonslayer

There's a conspiracy theory going around about Bitcoin (BTC) and Bitcoin Cash (BCH/BCC) that I think my fellow redditors should know about.
TLDR: In 17.5 hours BCH will try to usurp BTC as the "true" Bitcoin and this will cause BTC prices to tank to unrecoverable levels and will have side effects on alts as well since BTC is the main pair.
Technical TLDR: The conspiracy plan is that when Bitcoin locks their difficulty algorithm, a group of miners will switch to BCH in mass and pump BCH to huge levels. This will cause a panic sell of BTC and cause people to try and transfer BTC from their wallets to exchanges, but because all the miners have left and the difficulty is locked, the network will be clogged with slow and expensive transactions for the next 2 weeks, spelling the end of Bitcoin.
Longer Story
I'm going to assume most people here are fairly new to crypto and weren't around for all the politics and drama between /bitcoin and /btc
There's a lot to understand about the interplay between difficulty algorithm changes, miner reward incentives, the politics of the pools that take a while to go into.
These two articles might help catch you up:
Two weeks ago we saw something similar when BCH exploded and BTC went all the way down to $5500. This was because BTC had a difficulty algorithm change and BCH was approximately 3-4x more profitable to mine. Only Slush kept mining BTC so we'll see if they stay true to BTC this time around too.
Right now we're seeing BTC, ETH, and most alts fall at the exact same time BCH rises. This might be bots reading the right indicators and buying/selling.
The estimated time of the difficulty algorithm changes is on the bottom of https://fork.lol/pow/retarget
Other important items to note:
Will Thanksgiving Weekend 2017 be like Thanksgiving Weekend 2013? We'll see...
Strategies
  • Start moving your BTC and alts off of wallets and into the right exchanges just in case the networks get clogged and you want to be ready to make a move
  • Go into FIAT to avoid this drama and enter in again after this passes
  • Go into BCH
  • Put some super low limit orders on BTC in case stop orders and panic selling cause another flash crash like ETH had on GDAX
FAQ
What is the "dragon" being slain?
Some think it's Bitcoin, the biggest crypto. Other think it's a private chat group that a bunch of Core folks are in that they self-dubbed the Dragon's Den in an self-mocking fashion
Isn't this just some stupid 4chan meme?
Rational brains would agree, and chances are it really is and Jihan and gang are shaking their head in disbelief that people would believe something like this.
But $4B of volume on BCH is undeniable, and not something that a bunch of "trolls" can just conjure up.
submitted by darkally to CryptoCurrency [link] [comments]

Bitcoin Cash trading secrets

Bitcoin Cash trading secrets

https://preview.redd.it/i86tnl86z0541.png?width=1000&format=png&auto=webp&s=b64c871e3a8502c57ac11ff0335995549e0ef614
Bitcoin Cash is a Bitcoin hard fork created to solve scalability problems. Bitcoin Cash is created to replace the original Bitcoin and to take its place of honor. The new hard fork increased the block size to 8 MB, which made transactions faster.
But at the same time this caused another problem - the risk of centralization by large miners increased. But such an outcome is unlikely, since the "conqueror" of the network is unlikely to immediately sell all the coins, and the rate will fall very quickly, which makes the enterprise extremely unprofitable for companies that have spent a fortune on equipment.

How to trade Bitcoin Cash

For trading, it is most rational to use advanced Tradingview charts, which are supported by the Trade-mate.io service. With this platform you can trade BCH in a convenient cabinet on three popular exchanges at once: Binance, BitMEX and Poloniex.
Right in the Cabinet, you can configure trading indicators at your discretion.

Strategies

Given the speed of price change and high volatility of BCH, it is hard to use classic indicators such as SMA or MACD. This is due to a large delay in the delivery of buy/sell signals.
But you can see that a simple and popular Bollinger Band indicator works perfectly. Provided that the candle is closed outside the boundaries of the channel, the position opens in the direction of the breakdown.
It is recommended to use a trailing mechanisms Trade-mate.io supported in Smart Trade option. This will increase the transaction profitabilityas the rate of BCH increases, and will protect the trader from an unexpected fall in the rate.

A little bit of inside

Did you know that the largest manufacturer of mining equipment Bitmain sells ASIC miners for Bitcoin Cash? This information can be used for trading. Keep an eye on the new releases by the manufacturer - usually the rate of BCH begins to grow afterwards. The Bitcoin Cash market has significantly less liquidity than Bitcoin, so during major events, the “younger brother” of bitcoin is growing more actively, on which you can make good money.
submitted by mrhadow to matetrade [link] [comments]

Will Bitcoin really rise again?

Hello, I feel I should introduce myself first.
I got into Bitcoin back mid-2017. I bought in at about 1.8k if I remember correctly. I was also invested in Ethereum at this time, and got in between 60-120 (my friend sent me some at 60, but I continued to buy around 120).
As many of you know. Bitcoin has been in a bear market for the past several months. And over these past several months concerns have popped into my mind in regards to the overall health and future of Bitcoin:
None of what I mentioned above was an issue in 2013, or 2015 when we saw our previous bear markets in Bitcoin. This makes me truly believe that we're unlikely to see a bull run like we did in 2017 ever again. Not to mention the fact that Cryptocurrencies in and of themselves are more regulated than ever before, which could in turn lead to lower levels of volatility now and in the years to come. I'm sure Bitcoin will have its pops and bull runs, but nothing parabolic like we've seen in the past.

Please tell me I'm wrong, because I'd rather be wrong than right in this case.
submitted by 7Leven to Bitcoin [link] [comments]

Why was this recent downturn not surprising?

I just published a whole research paper for my clients yesterday predicting a drop based on the cash flow and the recent hash rate drop .
I protect my clients, so I will not disclose any information that they paid for. But I will say that it came from understanding the basic fundamentals of how bitcoin and other cryptocurrencies work. Cash flow monitoring is how any modern company is valued. I provide that for my clients using hard data.
I plan on telling them my expected exit price, but only after I factor in the degree of hash rate drops correlated with the efficiency of previous bitcoin mining machines. I will do this in order to find the optimal profit exit point for the miners (whales). I do the work.
If you are able to do this, good luck to you! But I do the work for my clients, and if you want someone working hard for you are welcome to join my crypto family and get the following:
  1. Risk analysis for BTC , BCH, ETH, and LTC.
  2. Coin creation costs for BTC , BCH, ETH, and LTC.
  3. Advanced data based research covering how the fundamental price floor affects the spot price Feb 7 Analysis
  4. Actively managed portfolio where you see my daily trades and risk percentages. I am currently 2.11% up from June 2 off of LTC and BTC actions.
  5. Weekly summary of fundamental actions and analysis.
  6. Continuous updates and improvements that center on what YOU need to understand how crypto actually works.
  7. Access to me for council and coaching on your strategy.
If you want to keep following people that draw lines from random points and feed you nonsense like Fibonacci numbers be my guest, enjoy swimming with the fish. Any moron can draw a line between point A and point B and make it fit any agenda. Enjoy being told what just happened and being led into traps by unknowledgeable people making false correlations.
If you want to watch what the whales are doing I am here to help. This is just the beginning of the fall.
Please look at my open analysis and work, it is worth your time:
Sample Analysis Risk Analysis
I hope you see the true value of this.
Aaron
P.S. If you don't follow this enjoy buying the highs and selling the lows. It makes me sick how people are saying bitcoin is going to $100k. They care nothing for your safety and risk exposure. They only care about FOMO and hype.
submitted by canaryinthebtcmine to Bitcoin [link] [comments]

While everybody is closely watching South Korea, these are coins worth investing in. (imo)

  1. Vertcoin (VTC)
Vertcoin is a digital currency that can be sent between people over the internet. Vertcoin (VTC) stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin. Vertcoin is not controlled by large banks or mining hardware manufacturers and can be mined by anyone profitably. Fairly distributed without a premine, ICO or airdrop, Vertcoin is developed by community members working as volunteers and the project is wholly funded by donations. A finite resource similar to gold, you can rest assured that Vertcoin will keep your money safe from vested interests and ensure that transaction fees are proportionate and shared between a large number of miners. With Vertcoin, you can truly be your own bank. CHART
  1. Clams (CLAM)
CLAMs are a form of digital value, or currency, that is transferred, created, and verified by the collective effort of the computers running the CLAMs software. Similar to Bitcoin, the original technology on top of which CLAMs was created, this network follows a rigorous protocol to ensure that consensus and verification are maintained. CHART
  1. TIES Network (TIE)
Ties.Network is a business platform with for finding and establishing professional relationships based on irrefutable rating system and for transacting safe deals. Ties.Network provides all the benefits of well-known social business networks for the crypto-community complemented by strongest advantages of blockchain technology. This one is even not listed on tradingview and volumes just started raising. CHART
  1. Civic (CVC)
Civic (CVC) is a crypto token that is designed as an identity verification system. The idea is that anyone can use their Civic identity anywhere on the web to verify their details using blockchain technology. The project was led by Vinny Lingham, a well known figure within Bitcoin, and the Civic ICO was held in June 2017, raising $33 million in two days. Over 1 billion tokens were created. The token sale was intended to be as decentralized as possible, and resulted in 8,000 different individuals successfully purchasing Civic tokens. Civic’s uses include banks and utility companies who require some degree of identification of their users. The aim is to prevent identity fraud and to safeguard the data of users who are only required to enter their personal information once rather than at multiple sites on the web. CHART
  1. Spectrecoin (XSPEC)
Spectrecoin (XSPEC) is an innovative privacy focused cryptocurrency, featuring an energy-efficient proof-of-stake algorithm that provides rapid transaction confirmations, ring signatures for privacy and anonymity, and a fully integrated Tor+OBFS4 layer for IP obfuscation within the wallet. Spectrecoin is actively developed, with an ambitious roadmap that prioritises privacy, security, and true decentralisation with features such as default stealth addresses and stealth staking, and low-power mobile wallet staking. Although it nearly trippled during the last two months it's still rising. CHART
submitted by Fungon to CryptoCurrency [link] [comments]

Bitcoin Cash stays on the track towards the next target level of $350

Bitcoin Cash stays on the track towards the next target level of $350
https://uk.tradingview.com/chart/BCHUSD/tuD6yjwi-Bitcoin-Cash-is-on-the-right-track/
https://preview.redd.it/cccuy29a9uw31.png?width=1188&format=png&auto=webp&s=faf692b46ee5915538181c817b82fa6a96b66fe6
* We have seen a very positive dynamic of BCH price recently, while the coin has successfully made its way from $200 to $300, within a couple of weeks.
* As BCH network halvening approaches, many of market participants expect the price of BCH to surge, as is the case with Bitcoin . However, some opinion leaders cast doubts on the halvening itself. Namely, Dan Hedl, the Director of BD at the Kraken exchange, thinks that the halvening would cause miners losing profits that will spur them to switch to Bitcoin . He also announced that Bitcoin Cash halvening, which is due in 160 Days, may hit the BCH hashrate and increase a chance of 51% attacks.
* In contrast, Roger Ver, the Bitcoin Cash proponent and former CEO of Bitcoin .com, declared that he will share $5 worth of BCH to all of his friends on Facebook , because he believes that Bitcoin Cash price could increase by almost 100,000 percent.
* In the meanwhile, we see that the positive price dynamics keeps up on a Daily time-frame, and we are quite optimistic on BCH to proceed to the next short- to mid-term target of $350.
Active trade signal
Buy @ $270 - $290. Target: $350. Stop-loss: $265.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
submitted by Monfex to CryptoTradingFloor [link] [comments]

Bitcoin Cash stays on the track towards the next target level of $350

Bitcoin Cash stays on the track towards the next target level of $350
https://uk.tradingview.com/chart/BCHUSD/tuD6yjwi-Bitcoin-Cash-is-on-the-right-track/
https://preview.redd.it/w3nh2n7q8uw31.png?width=1188&format=png&auto=webp&s=263d21937da1a99c41d36818e0ba0754ffcd5ab0
* We have seen a very positive dynamic of BCH price recently, while the coin has successfully made its way from $200 to $300, within a couple of weeks.
* As BCH network halvening approaches, many of market participants expect the price of BCH to surge, as is the case with Bitcoin . However, some opinion leaders cast doubts on the halvening itself. Namely, Dan Hedl, the Director of BD at the Kraken exchange, thinks that the halvening would cause miners losing profits that will spur them to switch to Bitcoin . He also announced that Bitcoin Cash halvening, which is due in 160 Days, may hit the BCH hashrate and increase a chance of 51% attacks.
* In contrast, Roger Ver, the Bitcoin Cash proponent and former CEO of Bitcoin .com, declared that he will share $5 worth of BCH to all of his friends on Facebook , because he believes that Bitcoin Cash price could increase by almost 100,000 percent.
* In the meanwhile, we see that the positive price dynamics keeps up on a Daily time-frame, and we are quite optimistic on BCH to proceed to the next short- to mid-term target of $350.
Active trade signal
Buy @ $270 - $290. Target: $350. Stop-loss: $265.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
submitted by Monfex to u/Monfex [link] [comments]

Bitcoin Cash stays on the track towards the next target level of $350

Bitcoin Cash stays on the track towards the next target level of $350
https://uk.tradingview.com/chart/BCHUSD/tuD6yjwi-Bitcoin-Cash-is-on-the-right-track/
https://preview.redd.it/7bo6pge89uw31.png?width=1188&format=png&auto=webp&s=a2d76ff6a476effcf6bfd221c81dda3b5c8dde59
* We have seen a very positive dynamic of BCH price recently, while the coin has successfully made its way from $200 to $300, within a couple of weeks.
* As BCH network halvening approaches, many of market participants expect the price of BCH to surge, as is the case with Bitcoin . However, some opinion leaders cast doubts on the halvening itself. Namely, Dan Hedl, the Director of BD at the Kraken exchange, thinks that the halvening would cause miners losing profits that will spur them to switch to Bitcoin . He also announced that Bitcoin Cash halvening, which is due in 160 Days, may hit the BCH hashrate and increase a chance of 51% attacks.
* In contrast, Roger Ver, the Bitcoin Cash proponent and former CEO of Bitcoin .com, declared that he will share $5 worth of BCH to all of his friends on Facebook , because he believes that Bitcoin Cash price could increase by almost 100,000 percent.
* In the meanwhile, we see that the positive price dynamics keeps up on a Daily time-frame, and we are quite optimistic on BCH to proceed to the next short- to mid-term target of $350.
Active trade signal
Buy @ $270 - $290. Target: $350. Stop-loss: $265.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
submitted by Monfex to CryptoCurrencyTrading [link] [comments]

Why was this recent downturn not surprising?

I just published a whole research paper for my clients yesterday predicting a drop based on the cash flow and the recent hash rate drop .
I protect my clients, so I will not disclose any information that they paid for. But I will say that it came from understanding the basic fundamentals of how bitcoin and other cryptocurrencies work. Cash flow monitoring is how any modern company is valued. I provide that for my clients using hard data.
I plan on telling them my expected exit price, but only after I factor in the degree of hash rate drops correlated with the efficiency of previous bitcoin mining machines. I will do this in order to find the optimal profit exit point for the miners (whales). I do the work.
If you are able to do this, good luck to you! But I do the work for my clients, and if you want someone working hard for you are welcome to join my crypto family and get the following:
  1. Risk analysis for BTC , BCH, ETH, and LTC.
  2. Coin creation costs for BTC , BCH, ETH, and LTC.
  3. Advanced data based research covering how the fundamental price floor affects the spot price Feb 7 Analysis
  4. Actively managed portfolio where you see my daily trades and risk percentages. I am currently 2.11% up from June 2 off of LTC and BTC actions.
  5. Weekly summary of fundamental actions and analysis.
  6. Continuous updates and improvements that center on what YOU need to understand how crypto actually works.
  7. Access to me for council and coaching on your strategy.
If you want to keep following people that draw lines from random points and feed you nonsense like Fibonacci numbers be my guest, enjoy swimming with the fish. Any moron can draw a line between point A and point B and make it fit any agenda. Enjoy being told what just happened and being led into traps by unknowledgeable people making false correlations.
If you want to watch what the whales are doing I am here to help. This is just the beginning of the fall.
Please look at my open analysis and work, it is worth your time:
Sample Analysis Risk Analysis
I hope you see the true value of this.
Aaron
P.S. If you don't follow this enjoy buying the highs and selling the lows. It makes me sick how people are saying bitcoin is going to $100k. They care nothing for your safety and risk exposure. They only care about FOMO and hype.
submitted by Cocoadreamboy to btc [link] [comments]

Moon Math Update: Noob DCA Strategy -- Second Edition -- Vol. 7

We're on day 38 of our DCA. There are 204 days left until you've acquired your first full position in Bitcoin.
https://www.moonmath.win

Weekend Price action

After this last weekend some of you are probably still wondering if I'm stuck on stability. Have I caught up with the times? Am I going to make things right? Am I changing my position?
Let's work through it together by stepping back and taking a look at what might have changed in our projections since acquiring these new data over the weekend.

The Rearview Mirror

https://www.tradingview.com/x/TK2OHx1E/
I'm marking periods of observed distribution with green blocks and periods of accumulation with a blue box. We haven't known it when in periods of accumulation in the past and I don't think it's possible to know when you are. Sometimes people guess and they get it right. If anybody can do that consistently then they can write a best-selling book on trading and end market instability forever.
The same is true for distribution. You can only observe the market in hindsight. So, looking at the market in these terms is extremely limited if you're trying to make projections or understand where we might be headed.
Before the weekend I thought we were in a period of accumulation. I was wrong.
You'll also notice that I moved around where we are on the daily projection. Today, the green projection matches up with February 18th, 2012. The red projection matches up with April 14th, 2015.

Changing Projections

https://www.tradingview.com/x/BzyI540p/
I changed the projections so the matched up with market bottoms that were near stable periods instead of matching up periods based on the beginning of a periods that had high stability and low RSI. The dates are close to the same, but we get nice market bottoms to match up with our current chart.

Shifting Perspective?

https://www.tradingview.com/x/JcJkZEWX/
Looking for an opportunity to shift my perspective and I'm seeing some. I had been optimistic that a period of low volatility had shot off like a rocket, and that, maybe, we'd see bullish recovery by the end of the summer. I'm less convinced of that now. In fact, I'm looking at this chart and wondering if we're going to go sideways through the end of the year. Attempting a new ATH in 2018 is probably off the table unless there's a barrage of good news that flips the market into overdrive.

Distribution and Accumulation

https://www.tradingview.com/x/k07ayBz
I've been going on about the debate between distribution and accumulation. They're effectively two sides of the coin that the market is slipping between all the time? What's the motivation of buyers and sellers? You can't really know, but there are some indicators we can use that help us guess at that broadly.

LocalBitcoins Volume

https://anacoinda.github.io/localbitcoins/all.html
Transaction volume looks incredible overall, but we're not seeing growth in North American or Central/South Asia.
Transaction volume growth is coming from Europe and Latin America; places that have distressed currencies and ubiquitous access to (mostly) stable networks.
We're not seeing a rapid influx of capital anywhere, but if you compare actual Bitcoin adoption in places that are using it, presumably for Bitcoin's intended purpose, then I think you start to see an emerging pattern.

Irrational Exuberance

There's growing irrational exuberance among bears illustrated by market descriptions of diverse use cases for Blockchain technology. It's as though the discovery of a new application of the underlying technology is automatically a candidate for a new paradigm in human experience. This is analogous to what we saw around Internet startups in 1995 - 2000. After exposing the market to nearly 1.8 trillion USD in lost value it took two and a half years to find a market bottom. The scale of Bitcoin is very different, but I think it's possible that if alts don't shake out in this market then we're headed for something much worse on a much larger scale.
Actual--real world--Blockchain usage is low while acquisition of cryptocurrencies for speculation is very high. Acquisition for speculation pushes mining infrastructure along; as we've seen. infrastructure isn't fake; it's very real. You can't fake a miner and you can't fake the electricity it's using unless you're stealing it. That economy has grown up and it will keep growing through this market, despite and because of what speculators fail to see: fundamental real world usage.
Transactions are going up, dollars are going down. You don't see things like LocalBitcoins popping up for alts because the alt market, and ICOs, are entirely composed of a group of speculators who have lost their collective minds. Thinking that Bitcoin usage in coffee shops implies is simply not appealing metric. I don't want to mess around in a project where the end game is a Venti-Mocha-Frappachino at Starbucks.

An Alternative to Corruption

Bitcoin isn't here for adoption on Wall Street. It isn't a technology that makes sharing information easier. It isn't something that's meant to overthrow Uber or create a new sharing economy. There isn't some killer application for blockchain that's going to change the economics of how software applications are developed.
Bitcoin protects people who are forced to suffer under systems where power, corruption, and incompetence control the value of money. Any other application for a blockchain I've seen isn't as significant and it doesn't qualify as part of the revolution that Bitcoin already is.
Good hunting.

Previous posts in this series

submitted by jarederaj to BitcoinMarkets [link] [comments]

Reasons You May Want To Avoid Monero - Posting By Request

**Notice, I posted this originally in Cryptocurrency; however, they deleted the post and shadowbanned me. Below is the entire contents of my post. Hopefully you guys find this useful. I post this because I'm beginning to become concerned about the similarity in tactics that bitcoin uses and the monero community uses. It appears also that they have mods in high places, kind of like they tried to do here with that one mod who kissed up to Ver, ready to shadowban and hide any information that puts them in a bad light. Without further ado, the post:
**************************** EDIT ***********************************************
Apparently some are questioning the contention that I was shadow banned. A mod from cryptocurrency had this to say:
I'm a mod on /CryptoCurrency. Your post was not removed, and you are not shadowbanned. The misinformation spread here is outrageous.
Well, here's the proof:
This is one of the attempts I made to repost the thread after being shadowbanned, just to make sure. Notice how low the view count is, I search this today but it was created on the 15th:
https://imgur.com/a/29g1T
Here are the results when I try to search for it:
https://imgur.com/a/05eZH
And here is my reply to that mod below:
Then you're a liar and I'm glad you came out. I ended up having to post the thread 3 times, and each time after logging out I could not find it. As a matter of fact, I STILL cannot find it while logged in. https://imgur.com/a/15s4C Notice, my original post was titled the exact same with the exception of the '- posting by request' part. So the fact that you can only see the crosspost from btc is proof that my post was removed.
That Imgur link was my search for the original thread. If that's not shadowbanning then I don't know what is. Again, the monero community has mods in high places and are using them to push their agenda, just like bitcoin did.
***************************************** END EDIT ********************************************************
Everyday on here you can see great news about Monero. From soon-arriving hardware support, to bulletproofs reducing tx sizes 80%, to the recent Globee fundraiser announcement where musicians will accept monero over the holidays. That stuff is good news for Monero indeed. However, to bring a little balance to the equation, today I want to consider some reasons you would want to AVOID monero.
Disclaimer, I hodl BCH, PIVX, Dash, ZCash, ZCoin, VTC, ETH, MAID and XMR and some other coins. I'd say most of these are considered competition, at least by the XMR community. None of that influences my posts. I post about LTC being shit because I believe it is shit. Indeed, it was shit for 4 years until it got on coinbase. That has nothing to do with the fact that I hodl BCH. Same for my posts about BTC, and the same for my posts about XMR.
The reasons you may want to avoid monero are as follows:
1) Monero's price may be manipulated by Tether, DNM's looking for a quick P&D, and exchanges looking for the same.
https://twitter.com/FrydayNiteLites/status/938093777347997697
https://www.tradingview.com/chart/XMRUSDT/dgYThYjA-Monero-Is-Manipulated/
2) Monero's most attractive and user-friendly wallet, mymonero.com, is closed-source. What's more, it is run by the lead developer of the XMR project. You may consider this a conflict of interest. It is telling, that fluffy's (the dev) refusal to share source with Jaxx was instrumental in their decision to abandon XMR integration earlier this year.
3) When monero began it actually began from SCAMMERS. Monero's code originally had a crippleminer that deliberately lowered miner rewards for all but the devs. Apparently the current devs are 'not the same people'. But that is a leap of faith to make. You may want to avoid it.
https://www.reddit.com/Monero/comments/4r4fw9/what_is_the_monero_cripple_mine_and_fastmine/
4) Monero and their community are heavily associated with out and out scams. One such is basically forcing users of certain websites to mine monero without their consent:
http://www.newsweek.com/500-million-pcs-secretly-mining-cryptocurrency-research-bitcoin-683982
The monero community does not seem to have a problem with this.
5) The monero community has a history of vote-brigading, FUDing perceived competitor coins (Like ZCash, Dash, and PIVX). Some of their early antics can be seen here:
https://bitcointalk.org/index.php?topic=1233817.0
Some gems:
Excellent summation of the sock puppet/troll accounts and stuck in needlessly long loops for mining, good luck to anyone who pursues the hidden agenda of this coin because you are going to need it.
He is. And when he is challenged on logic, it is often myself. But the point against smooth made by the OP is that he argues ad nauseum even where there is no point and it is wasting time. He tries to control the entire forum. Logic can be a means to an end, but is not an end unless you just want to be mired in verbiage. The real world is where we deliver 10 million new users to the ecosystem.
None of the Monerotards have done that and they will never do that because they target this forum instead of targeting creativity and respecting it. They prefer control over creativity. They want everyone to think their expertise is the highest and nothing else can match their collective capabilities. Yet the reality is they don't even have the best technology, even against a non-cryptographer and a non-mathematician. Boastful groups are like Humpty Dumpty.
This shows how they shilled their threads on Bitcointalk early on:
I counted close to 800 topics on Monero!
One topic alone has over 540 pages..
I highly doubt there is even 100 users with coins.
Pretty sketchy when after years now they can't get their crappy coin on Cryptsy LOL
Here, they tried to impersonate Andreas Antonopolous (yes, THAT Andreas) to pump Monero:
https://forum.bitcoin.com/post3253.html#p3253
Quote from Moneroshill:
AndreasAntonopoulos wrote: Good to hear your 'voice' again Charlie!
Fungibility is not a luxury, it's a necessity. I've been following Monero for some time now and I like what I'm seeing. The Bitcoin protocol has more potential as programmable money if it co-exists with another public ledger that is private and opaque on the protocol level. The best version of digital cash I've seen to date is Monero. Bitcoin on its own will never be anonymous, so never fully fungible.
Actual quote from real Andreas:
This is an impostor account, using my name (Andreas here) to pump Monero and diss bitcoin. I have reported and requested validation from the forum to confirm my identity.
See my tweet proving this is my real account: 655293052383133696
Lol this was their reply:
wtf ... you banned a user because you didn't like his/her choice of username and avatar, or you didn't like their point about fungability? Can you post the forum rule user 'AndreasAntonopoulos' broke to require a permanent ban and deleting of his/her posts? Is this forum instituting identity checks and KYC policies now, or was this user banned because you claim he/she was a malevolent imposter? Please, what is your username and avatar policy on this forum? I saw what he/she wrote and recognized it as a parody spoof immediately, and the user was clearly not trying to defraud anyone, and admitted their intentions as soon as AA posted. I thought this forum was started in response to censorship at bitcointalk.org. It looks like you didn't like the user's message, and you saw a way to ban them to remove their opinion
Well, you get the idea.
6) The biggest reason: Monero's privacy was actually broken for 3 out of the 4 years it existed. Link 2 Andrew Miller, a respected cryptography, posted research in April proving that Monero transactions could be deanoned using a form of blockchain analysis. You can go here to see the results of the research for yourself.
7) Monero is slower, has larger transactions and is FAR MORE expensive than other privacy options like PIVX and Zcash. Using PIVX to convert to zPIV is basically free while the avg monero transaction is around $5. Of course, to be extra safe they recommend that you 'churn' your transactions, basically send them to yourself again. But at $5 a pop, this is prohibitively expensive for the average guy.
These are not reasons to SELL your monero, nor are they reasons to avoid it entirely. I've said in the past that I like XMR the coin, but the community has shady origins that may give some investors pause. Bytecoin, from which XMR descends directly, is a KNOWN scam. The original developers of monero were DEFINITELY scammers. This advice is the other side of the coin to the constant monero pumping you can see here. Happy investing!
submitted by Truthertruther21 to btc [link] [comments]

Bitcoin Teeters on $10K, But Can It Fend Off Another Bear?

Bitcoin Teeters on $10K, But Can It Fend Off Another Bear?

https://preview.redd.it/7no41jsm15j31.png?width=860&format=png&auto=webp&s=d6ba8af3f9e2d79c49ad5f0af891e8f107c58468
Bitcoin’s recent market movements have thrown into contention consensus about its short-term price direction, with traders asking openly if demand is strong enough to fend off another bear market.
Such a question has emerged in the wake of the world’s largest cryptocurrency’s inability to set new highs above those seen in June and July, when optimism about a Facebook cryptocurrency launchpushed the price of bitcoin to $13,880 and $13,200 on June 26 and July 10, respectively.
Since then, bitcoin has largely failed to test these highs again, prompting speculation traders may be willing to push the market into a lower range, one that could be deepened by available futures options.
However, investors and analysts remain bullish based on the assumption that demand will continue its current course, helping to sustain prices around $10,000 until next year’s May halving takes effect. Then, investors will see the amount of new bitcoin introduced to the market daily cut in half, with each new block in the blockchain producing 6.25 BTC, down from 12.5 BTC.
As can be seen by the recent litecoin halving, events that increase the perceived scarcity of cryptocurrencies have proven to catalyze buying interest.
Further, Jeff Dorman, chief investment officer at Arca, an investment management firm focused on the asset class, argues that with the likes of Bakkt and Fidelity opening their doors to new money amid current global economic tensions, bitcoin looks attractive to large hedge fund managers seeking to offset risk in traditional markets.
Dorman told CoinDesk:
“Most macro hedge funds are contemplating using BTC as a better way to offset the systemic risks that are building globally. There seems to be too much interest and too much money on the sidelines for the market to really go lower in any meaningful way.”

Factoring Miner Demand

Analyzing the cryptocurrency markets remains an evolving science, but new metrics suggest that bitcoin may currently be priced favorably ahead of the halving event.
The Diffiulty Ribbon, created by influential market analyst Willy Woo, for example, was recently released. It helps illustrate how leading analysts believe miner selling pressure affects the price of bitcoin.
(As miners are believed to sell the BTC they receive from winning block rewards — to pay employees, electrical bills and other real-world costs — they are believed to influence market direction.)

https://preview.redd.it/7w5m5l9x15j31.png?width=1000&format=png&auto=webp&s=dfa3ab2380367e45ae1a7b6e9f295241e99e57ec
The above chart shows bitcoin’s “network difficulty,” a function of how hard the software makes it to discover a new block and thus claim the new cryptocurrency it releases to the market.
When the rate of network difficulty increases slows, analysts believe this is a sign miners are shutting off their hardware (leaving only the strong miners who proportionally need to sell fewer coins to remain operational). It’s believed this leads to reduced sell pressure and more room for price increases.
The ribbon consists of simple moving averages of BTC network difficulty so the rate of change of difficulty can be easily seen. According to Woo, the best times to buy BTC are zones where the ribbon compresses.
He said:
“The timing of the last difficulty ribbon compression is very bullish, especially given we expect another compression at the halving, I don’t think we have time to come into a bear season before then.”

Holding $10K

That said, less sophisticated investors may be using simple price charts to gauge entries.
The last two months have produced a series of lower highs putting a clamp to further growth. This can be observed in the amount of sell pressure bitcoin has seen when approaching upper resistances $10,800-$13,200.

https://preview.redd.it/84r4t4c025j31.png?width=1000&format=png&auto=webp&s=1450ed1f2116b89f158aa954711343f7b0af05b4
Still, prices have held above $10,000 by the end of each daily closing period for nearly 30 days, suggesting that demand for bitcoin below that mark remains strong. As a result, some analysts believe BTC’s outlook would only change bias from bullish-to-bearish long-term should a firm close below $7,333 (200-day moving average) occur.
Still, the pressure is now mounting on the bulls to produce something significant in the short-term or else risk exposing lower supports at $9,600.
Whether or not short-term price action remains bearish, analysts agree that BTC is still bullishly bid based on its position above the aforementioned 200-daily moving average and current mining activity.
However, Dorman argues simple psychology may be the overriding factor so long as $10,000 remains a strong support and belief in the halving as a price catalyst remains strong.
He concluded:
“In general, across any asset class, when consensus is to buy lower… you rarely get that chance.”
Disclosure: This author holds no cryptocurrency at time of writing.
Bull and bear image via Shutterstock; Charts via TradingView
submitted by GTE_IO to u/GTE_IO [link] [comments]

Moon Math Update: Noob DCA Strategy -- Second Edition -- Vol. 7

We're on day 38 of our DCA. There are 204 days left until you've acquired your first full position in Bitcoin.
https://www.moonmath.win

Weekend Price action

After this last weekend some of you are probably still wondering if I'm stuck on stability. Have I caught up with the times? Am I going to make things right? Am I changing my position?
Let's work through it together by stepping back and taking a look at what might have changed in our projections since acquiring these new data over the weekend.

The Rearview Mirror

https://www.tradingview.com/x/TK2OHx1E/
I'm marking periods of observed distribution with green blocks and periods of accumulation with a blue box. We haven't known it when in periods of accumulation in the past and I don't think it's possible to know when you are. Sometimes people guess and they get it right. If anybody can do that consistently then they can write a best-selling book on trading and end market instability forever.
The same is true for distribution. You can only observe the market in hindsight. So, looking at the market in these terms is extremely limited if you're trying to make projections or understand where we might be headed.
Before the weekend I thought we were in a period of accumulation. I was wrong.
You'll also notice that I moved around where we are on the daily projection. Today, the green projection matches up with February 18th, 2012. The red projection matches up with April 14th, 2015.

Changing Projections

https://www.tradingview.com/x/BzyI540p/
I changed the projections so the matched up with market bottoms that were near stable periods instead of matching up periods based on the beginning of a periods that had high stability and low RSI. The dates are close to the same, but we get nice market bottoms to match up with our current chart.

Shifting Perspective?

https://www.tradingview.com/x/JcJkZEWX/
Looking for an opportunity to shift my perspective and I'm seeing some. I had been optimistic that a period of low volatility had shot off like a rocket, and that, maybe, we'd see bullish recovery by the end of the summer. I'm less convinced of that now. In fact, I'm looking at this chart and wondering if we're going to go sideways through the end of the year. Attempting a new ATH in 2018 is probably off the table unless there's a barrage of good news that flips the market into overdrive.

Distribution and Accumulation

https://www.tradingview.com/x/k07ayBz
I've been going on about the debate between distribution and accumulation. They're effectively two sides of the coin that the market is slipping between all the time? What's the motivation of buyers and sellers? You can't really know, but there are some indicators we can use that help us guess at that broadly.

LocalBitcoins Volume

https://anacoinda.github.io/localbitcoins/all.html
Transaction volume looks incredible overall, but we're not seeing growth in North American or Central/South Asia.
Transaction volume growth is coming from Europe and Latin America; places that have distressed currencies and ubiquitous access to (mostly) stable networks.
We're not seeing a rapid influx of capital anywhere, but if you compare actual Bitcoin adoption in places that are using it, presumably for Bitcoin's intended purpose, then I think you start to see an emerging pattern.

Irrational Exuberance

There's growing irrational exuberance among bears illustrated by market descriptions of diverse use cases for Blockchain technology. It's as though the discovery of a new application of the underlying technology is automatically a candidate for a new paradigm in human experience. This is analogous to what we saw around Internet startups in 1995 - 2000. After exposing the market to nearly 1.8 trillion USD in lost value it took two and a half years to find a market bottom. The scale of Bitcoin is very different, but I think it's possible that if alts don't shake out in this market then we're headed for something much worse on a much larger scale.
Actual--real world--Blockchain usage is low while acquisition of cryptocurrencies for speculation is very high. Acquisition for speculation pushes mining infrastructure along; as we've seen. infrastructure isn't fake; it's very real. You can't fake a miner and you can't fake the electricity it's using unless you're stealing it. That economy has grown up and it will keep growing through this market, despite and because of what speculators fail to see: fundamental real world usage.
Transactions are going up, dollars are going down. You don't see things like LocalBitcoins popping up for alts because the alt market, and ICOs, are entirely composed of a group of speculators who have lost their collective minds. Thinking that Bitcoin usage in coffee shops implies is simply not appealing metric. I don't want to mess around in a project where the end game is a Venti-Mocha-Frappachino at Starbucks.

An Alternative to Corruption

Bitcoin isn't here for adoption on Wall Street. It isn't a technology that makes sharing information easier. It isn't something that's meant to overthrow Uber or create a new sharing economy. There isn't some killer application for blockchain that's going to change the economics of how software applications are developed.
Bitcoin protects people who are forced to suffer under systems where power, corruption, and incompetence control the value of money. Any other application for a blockchain I've seen isn't as significant and it doesn't qualify as part of the revolution that Bitcoin already is.
Good hunting.

Previous posts in this series

submitted by jarederaj to Bitcoin [link] [comments]

Tradingview Script Update Video ( Bitcoin Ninja? ) CTT crypto Bitcoin NEWS halving dump indicates miner capitulation cryptocurrency market analysis ta Automate any Tradingview Strategy with 3commas - YouTube Cryptocurrency TradingView Strategy Tutorial - Bitcoin Trading Strategy Hash Ribbons Indicator - Bitcoin Fundamentals in TradingView

BTC Miner Revenue can be an excellent indicator, showing long term market bottoms, which usually take place in the vicinity of the prior bull market tops. Idea: Tone Vays. TradingView . EN. TradingView. Sign In. Ticker Trading Ideas Educational Ideas Scripts People. Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published ... BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew ... miner Hiç bir ödeme yapmadan, işlem önerilerini, stratejileri, fikirleri, çözümlemeleri kontrol edin! — Göstergeler ve Sinyaller miner — Торговые идеи, стратегии, мнения, аналитика — абсолютно бесплатно! — Индикаторы и сигналы TradingView UK. Bitcoin (Cryptocurrency) — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! — Indicators and Signals

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Tradingview Script Update Video ( Bitcoin Ninja? )

Join me as we explore the great Hash Ribbons indicator available for free on TrandingView and get high probability signals of BTC bottoms based on the mining... This video shows how you can automate any tradingview strategy via 3commas. If you have any additional questions or strategy adjustments, feel free to post i... This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue Bitcoin Live - Tom Crown Tom Crown 701 watching Live now CTT Bitcoin NEWS stock to flow failure indicates miner capitulation proof crypto failed Gold is King - Duration: 37:54. Bitcoin Trading Strategy - Cryptocurrency TradingView Strategy Tutorial 🔴 Subscribe for more Cryptocurrency News, Tutorials & Strategies: https://www.youtube...

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