Bitfinex - Review, news, fees of BFX exchange - BitcoinWiki

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The official Monero trading subreddit. Discuss price movements, market dynamics, news, and trades involving Monero here.
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Litecoin news and discussion

This subreddit exists to openly discuss [Litecoin](https://litecoin.org). Read the [comparison](http://litecoin.info/Comparison_between_Litecoin_and_Bitcoin) between Litecoin and Bitcoin.
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How can Bitfinex, exchange I never heard of,become number 2 exchange on Bitcoin charts over night?

submitted by lluboski to Bitcoin [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

A few days ago I caught flak for reposting a set of graphs that didn't have their x-axes correctly labeled or scaled. /u/tvand13 made an updated graph with correct labeling and scaling. I am reposting it as I promised. I invite the viewer to draw their own conclusions.

A few days ago I caught flak for reposting a set of graphs that didn't have their x-axes correctly labeled or scaled. tvand13 made an updated graph with correct labeling and scaling. I am reposting it as I promised. I invite the viewer to draw their own conclusions. submitted by jessquit to btc [link] [comments]

Price Discovery in Bitcoin exchange

About thirty days ago I shared a chart on Price Discovery in this sub. There was a lot of interest in it and I promised to explain in detail a Bitcoin price discovery algorithm.. I do so in this post.
*this text post is a slightly shorter version of what I wrote in my blog.

TL;DR

I applied price discovery algorithms to 5 Min OHLCV data from Bitmex and CME contracts and Bitstamp, Coinbase, HitBTC, Kraken, Poloniex, Binance, and OkEx BTCUSD/BTCUSDT markets from March 2016 to May 2020. Some exciting results I got was:

Introduction

Price discovery is the overall process of setting the price of an asset. Price discovery algorithms identify the leader exchanges whose traders define the price. Two approaches are most famous for use in Price Discovery. Gonzalo and Granger (1995) and Hasbrouck (1995). But they assume random walk, and a common efficient price. I do not feel comfortable assuming random walk and common efficient price in Bitcoin Markets. So I used this little know method by De Blasis (2019) for this analysis. This work assumes that "the fastest price to reflect new information releases a price signal to the other slower price series." I thought this was valid in our market. It uses Markov Chains to measure Price Discovery. Without going into the mathematical details the summary steps used was:
De Blasis (2019) names this number Price Leadership Share (PLS). High PLS indicates a large role in price discovery. As the sum of the numbers is 1, they can be looked at as a percentage contribution. I recommend reading the original paper if you are interested to know more about the mathematical detail.

Data

Andersen (2000) argues that 5 Minute window provides the best trade-off between getting enough data and avoiding noise. In one of the first work on Bitcoin's Price Discovery, Brandvold et al. 2015 had used 5M window. So I obtained 5M OHLCV data using the following sources:
Futures data are different from other data because multiple futures contract trades at the same time. I formed a single data from the multiple time series by selecting the nearest contract until it was three days from expiration. I used the next contract when the contract was three days from expiration. This approach was advocated by Booth et al ( 1999 )

Analysis

I can't embed the chart on reddit so open this https://warproxxx.github.io/static/price_discovery.html
In the figure above, each colored line shows the total influence the exchange had towards the discovery of Bitcoin Price on that day. Its axis is on the left. The black line shows a moving average of the bitcoin price at the close in Bitfinex for comparison. The chart was created by plotting the EMA of price and dominance with a smoothing factor of 0.1. This was done to eliminate the noise. Let's start looking from the beginning. We start with a slight Bitfinex dominance at the start. When the price starts going up, Bitfinex's influence does too. This was the time large Tether printing was attributed to the rise of price by many individuals. But Bitfinex's influence wanes down as the price starts rising (remember that the chart is an exponential moving average. Its a lagging indicator). Afterward, exchanges like Binance and Bitstamp increase their role, and there isn't any single leader in the run. So although Bitfinex may have been responsible for the initial pump trades on other exchanges were responsible for the later rally.
CME contracts were added to our analysis in February 2018. Initially, they don't have much influence. On a similar work Alexandar and Heck (2019) noted that initially CBOE contracts had more influence. CBOE later delisted Bitcoin futures so I couldn't get that data. Overall, Bitmex and CME contracts have been averaging around 50% of the role in price discovery. To make the dominance clear, look at this chart where I add Bitmex Futures and Perp contract's dominance figure to create a single dominance index. There bitmex leads 936 of the total 1334 days (Bitfinex leads 298 days and coinbase and binance get 64 and 6 days). That is a lot. One possible reason for this might be Bitmex's low trading fee. Bitmex has a very generous -0.025% maker fee and price discovery tend to occur primarily in the market with smaller trading costs (Booth et al, 1999). It may also be because our market is mature. In mature markets, futures lead the price discovery.
Exchange bitmex_futures bitfinex coinbase bitmex okex binance cme bitstamp okcoin kraken poloniex
Days Lead 571 501 102 88 34 12 8 7 6 4 1
 Table 1: Days Lead 
Out of 1334 days in the analysis, Bitmex futures leads the discovery in 571 days or nearly 43% of the duration. Bitfinex leads for 501 days. Bitfinex's high number is due to its extreme dominance in the early days.
Exchange binance huobi cme okcoin bitmex_futures okex hitbtc kraken poloniex bitstamp bitfinex coinbase bitmex
Correlation 0.809190 0.715667 0.648058 0.644432 0.577147 0.444821 0.032649 -0.187348 -0.365175 -0.564073 -0.665008 -0.695115 -0.752103
 Table 2: Correlation between the close price and Exchange's dominance index 
Binance, Huobi, CME, and OkCoin had the most significant correlation with the close price. Bitmex, Coinbase, Bitfinex, and Bitstamp's dominance were negatively correlated. This was very interesting. To know more, I captured a yearwise correlation.
index 2016 2017 2018 2019 2020
0 bitfinex 0.028264 -0.519791 0.829700 -0.242631 0.626386
1 bitmex 0.090758 -0.752297 -0.654742 0.052242 -0.584956
2 bitmex_futures -0.011323 -0.149281 -0.458857 0.660135 0.095305
3 bitstamp 0.316291 -0.373688 0.600240 -0.255408 -0.407608
4 coinbase -0.505492 -0.128336 -0.351794 -0.410874 -0.262036
5 hitbtc 0.024425 0.486229 0.104912 -0.200203 0.308862
6 kraken 0.275797 0.422656 0.294762 -0.064594 -0.192290
7 poloniex 0.177616 -0.087090 0.230987 -0.135046 -0.154726
8 binance NaN 0.865295 0.706725 -0.484130 0.265086
9 okcoin NaN 0.797682 0.463455 -0.010186 -0.160217
10 huobi NaN 0.748489 0.351514 -0.298418 0.434164
11 cme NaN NaN -0.616407 0.694494 -0.012962
12 okex NaN NaN -0.618888 -0.399567 0.432474
Table 3: Yearwise Correlation between the close price and Exchange's dominance index
Price movement is pretty complicated. If one factor, like a dominant exchange, could explain it, everyone would be making money trading. With this disclaimer out of the way, let us try to make some conclusions. This year Bitfinex, Huobi, and OkEx, Tether based exchanges, discovery power have shown a high correlation with the close price. This means that when the traders there become successful, price rises. When the traders there are failing, Bitmex traders dominate and then the price is falling. I found this interesting as I have been seeing the OkEx whale who has been preceding price rises in this sub. I leave the interpretation of other past years to the reader.

Limitations

My analysis does not include market data for other derivative exchanges like Huobi, OkEx, Binance, and Deribit. So, all future market's influence may be going to Bitmex. I did not add their data because they started having an impact recently. A more fair assessment may be to conclude this as the new power of derivative markets instead of attributing it as the power of Bitmex. But Bitmex has dominated futures volume most of the time (until recently). And they brought the concept of perpetual swaps.

Conclusion

There is a lot in this data. If you are making a trading algo think there is some edge here. Someday I will backtest some trading logic based on this data. Then I will have more info and might write more. But, this analysis was enough for to shift my focus from a Bitfinex based trading algorithm to a Bitmex based one. It has been giving me good results.
If you have any good ideas that you want me to write about or discuss further please comment. If there is enough interest in this measurement, I can setup a live interface that provides the live value.
submitted by warproxxx to BitcoinMarkets [link] [comments]

Bitcoin open close price - question?

Need some advice please.
I'm a Pro member with MA. I follow Bitcoin. I can't find the exchange / chart Socrates uses for Bitcoin close / Open.
Asked support at MA 3 times but still can't find the source. Was told Finex and then CME futers?
I would have thought Bitfinex but the open close figures don't match.
Thought maybe someone here might know?
Cheers Peter
submitted by Pc-photo1 to aec [link] [comments]

[Daily Discussion] Tuesday, November 13, 2018

Thread topics include, but are not limited to:
Thread guidelines:
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submitted by AutoModerator to BitcoinMarkets [link] [comments]

News



Dogecoin surges to dizzying heights amid TikTok hype
Oliver Knight
July 9, 2020, 6:27 am
Dogecoin, a longstanding staple of the cryptocurrency ecosystem, has been struck by a remarkably unexpected rally over the past 48-hours, with it now trading 82% higher against Bitcoin than it was two days ago.
The meme-friendly digital asset, which was created as a joke in 2013, has emerged as a target for millions of TikTok users that claim it will rally all the way to $1.
The #DOGE hashtag now has millions of posts on both TikTok and Twitter, with cryptocurrency exchanges responding by listing both futures and perpetual swap contracts of the cryptocurrency.
This morning Binance revealed that as of tomorrow customers can trade Doge/USDT with up to 50x leverage.
Bitfinex, meanwhile, announced that it will list MDOGE with a conversion rate of one million as it attempts to capitalise on the recent wave of hype.

While a coin like Doge pumping unsustainably may seem like fun, investors should be wary about using leveraged products as it massively increases the risk of liquidation.
To be clear, this is not financial advice but retail investors should be cautious about buying into an asset that has already made substantial gains on the back of a viral social media post, especially when Doge has been the recipient of a number of pump and dumps over the past two years.
Looking at Dogecoin’s chart, the current level of 50 sats has been a historical point of support and resistance dating all the way back to 2015, which means price may be halted here unless another wave of volume comes in.
For more news, guides and cryptocurrency analysis, click here.
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Reactions
submitted by dogercoin to dogecoin [link] [comments]

Tether is tanking

Tether is tanking submitted by MoneyYesterday1 to Buttcoin [link] [comments]

[Daily Discussion] Wednesday, January 04, 2017

Welcome to the /BitcoinMarkets daily discussion thread!
Thread topics include, but are not limited to:
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submitted by AutoModerator to BitcoinMarkets [link] [comments]

Bitfinex Margin Trading, COVID-19 Country Data, Cancel all Alerts

Bitfinex Margin Trading, COVID-19 Country Data, Cancel all Alerts
Read this on the Cryptowatch Changelog.
Cryptowatch has introduced margin trading for all Bitfinex pairs that support leverage. We've updated our alerts service, adding a Cancel all feature that lets you clear alerts across all markets. On our COVID-19 tracker, you can now sort all data by country, view the chart with either a linear or logarithmic axis, and switch between daily and total data.
The Cryptowatch Marketing team also recently posted a comprehensive reading list from our very own The Dude, who spent over a decade yelling and screaming in the NYMEX and COMEX trading pits, as well as an interview with @lowstrife and a report on Bitcoin spot market growth.

Bitfinex Margin Trading Enabled

Bitfinex margin pairs now have their available leverage options in the trading form:
https://preview.redd.it/d16o64etprz41.png?width=359&format=png&auto=webp&s=938126c61c1ba01acf61bd4bde76d4c4269e0e64
We’ve also added a refresh button in the top-right of the trading form that will re-synchronize Cryptowatch to the market’s exchange. The trade settings menu is also conveniently relocated to the top-right corner of the trading form as well:
https://preview.redd.it/yddyz2vxprz41.png?width=359&format=png&auto=webp&s=e645d3c7ecb5a8c6054c58a211a032870907c747

COVID-19

You can now view more detailed data on the COVID-19 page. The changes we’ve implemented are as follows:
  • Added log scale to the COVID-19 chart
  • Tracker can now be sorted by country, or as aggregated values (all COVID-19 data)
  • Refreshing the page defaults to the daily view
  • Now you can change the compared asset from BTC to:
    • ETH
    • USDT
    • XTZ
    • XRP
    • BCH
https://preview.redd.it/r2481qg2qrz41.png?width=1172&format=png&auto=webp&s=b7aafae5c1eee22aa98f502de68d517f89bb59a4

Cancel all alerts

We’ve added a Cancel all button to the alerts menu and the trade-settings menu so you can clean your slate quickly and easily:
https://preview.redd.it/5355j7f6qrz41.png?width=538&format=png&auto=webp&s=1b758165e8f3cdc070254e6beb5a9eee77c90f7b

Markets Navigator

In the markets navigator, you can now sort markets by:
  • Performance
  • Number of Pairs
  • Alphabetical order
  • Volume
Each of these sorting parameters can be listed in ascending or descending value using the button left of the drop-down menu:
https://preview.redd.it/skk59qd9qrz41.png?width=853&format=png&auto=webp&s=a3ebf6d6444caa08b3b3cbfb7320806c0bad0dee

Portfolio positions

You can now track your open positions across all exchanges from the Portfolio tab. Navigate to the Positions tab for an at-at-glance view of your open trades. Clicking on a position in the list will open its summary. From there you can use the View chart button to go directly to that market's chart.
https://preview.redd.it/ighohibjqrz41.png?width=777&format=png&auto=webp&s=650d83c8a83a34c4b125d60c4735321f1abc9f96
submitted by kraken-lloyd to cryptowatch [link] [comments]

Related "UK" Bitcoin exchange scams.

As a quick reference, here is a list of the "UK" cryptocurrency exchange scam branch, better known for creating Goxtrade back in 2019. A majority of their websites have the same layout, the same pending symbol, and interchange the same information about their staff and location.
Active scams, post-2020 sites:
Variant 1:
https://padhex.com/
https://hubcoi.com/
https://hurtrade.com/
https://exort.org/
https://cryptolays.com/
https://jiratrade.com/
https://emetero.com/
https://fixxcoin.com/
https://gexofit.com/
https://unictrade.com/
https://bitcoinmates.com/
https://bkex.us/
https://sfptrade.com/
https://polcrypt.com/
https://crytptbtc.com/
https://bitcoingate.pro/
https://kestrade.com/
https://coinbeaxy.com/
https://aftcrypt.com/
https://bitrade-x.com/
https://eyetradex.com/
https://cryptosis.cc/
https://ovextrade.com/
https://binfox.ltd/
https://cryptotradego.com/
https://wernox.net/
https://restrade.org/
https://coinpays.uk/
https://hillstrade.net/
https://ledgerswap.com/
https://cryptorwallet.com/
https://owrix.com/
https://prudentialex.com/
https://coingates.org/
https://cryptosafe.ltd/
https://paxful-trade.com/
http://chart.red-shadow.ru/
https://hiuobi.com/
https://onenotet.com/
http://tradenc.com/
https://cryptoelegant.com/
https://tidebit.eu/
https://hiuobi.com/
https://thebitex.com/
https://bitfenix.xyz/
http://bilaxy.club/
https://tradekucoin.info/
https://tihuanaparmo.xyz/
https://blstacks.com/
https://harydex.com/
https://finontrade.com/
https://btcbeaxy.com/
https://mybitmax.com/
https://bitterrexa.com/
https://purplecrypto.net/
https://lloydstrade.info/
https://weextrade.com/
https://cryptonfix.com/
https://spacexcrypt.com/
https://filatrade.com/
http://stormpoe.com/
https://coinswallet.space/
https://bitcwallet.com/
https://foxxytrade.com/
https://getcoinbet.com/
Variant 2:
http://144.76.183.47/
https://newcoins24.com/
https://haxcoins.com/
https://cryptoborium.com/
https://cryptohorium.com/
https://cryptoxorium.com/
https://cryptozorium.com/
https://crypto-exchange24.com/
http://viral.kz/
https://drxtrade.com/
https://bitumb.com/
https://exstrade.com/
https://bixetrade.com/
Other:
https://btc-giveaway.lpg.tf/
https://chaleate.ml/268463-wintraders.html
https://bitmerger.com/
Inactive scams, Pre-2020 Sites:
https://coinbascet.com/
https://creonix.net/
https://btc-coin.net/
https://highcoin.net/
http://gantonshop.com/
https://cry-coin.net/
https://blokcoin.net
https://genecryptotrade.com/
https://cointradego.com/
https://bittenix.com/
https://bitbitter.net/
https://urbshares.net/
https://swiftcoinbitx.com/
https://tradeberry.org/
https://weonix.net/
https://lackeycrypt.com/
https://chartrade.com/
https://worldtrader.org/
https://delltrade.com/
https://cryptonex.uk/
https://ssngroup.ltd/
http://urtrader.com/
http://coinmex.org/
http://blmtrade.com/
http://bittorex.net/
https://goxtrade.com/
http://lutidastore.com/
https://yobit.website
https://swithcoin.com/
http://bijora-btc.com/
http://gdax.us/
https://cryptotis.com/
http://cryptotradeltd.com/
http://billaxy.com/
https://hyptrade.com/
http://coinrexo.com/
https://exmofit.com/
http://traxcoins.com/
https://coincashup.com/
https://unctrade.com/
http://waxcoins.com/
http://bitfinex.store/
http://bitexmo.net/
https://cryptoxlogy.com/
http://safetytrade.net/
http://yalescoin.com/
http://baystrade.com/
http://numercoins.com/
http://edustr.com/
http://bitcoinly.co.uk/
http://imetrade.net/
http://coinorm.com/
https://bitreg.net/
Publication Techniques:
Commonalities:
All websites have the above questionable information about their founders and companies interchanged throughout their sites. Goxtrade, a site claiming to be founded by Neil and almost a replica of their other exchange sites had staff listed that's details later proved to be falsified.
TechCrunch has confirmed the other photos on the site belong to other people seemingly chosen at random — including a claims specialist in Illinois, a lawyer in Germany and an operations manager in Melbourne.
In addition, TechCrunch found that Cloudflare, the hosting service for Goxtrade had flagged their site as a phishing site, an outcome that several of "Goxtrade"'s other sites later faced.
Reference(s):
https://techcrunch.com/2019/05/17/goxtrade-scam-exchange/
submitted by heroinogg to Scams [link] [comments]

Where can I get a full view of buy and sell walls

Hey guys, trying daytrading a bit with moderate success. I'm very lucky I'm bearish else the dip yesterday and today would have screwed me. Watching gdax, and checking bithumb and bitfinex is making me realize how little of the picture I'm getting. Gdax is clearly trading based off of other exchanges right now, buy and sell walls are no indication. Any thoughts on how to get a better picture?
submitted by BluApex to BitcoinMarkets [link] [comments]

This sub is a mess and needs to get out of the anger stage: How to move forward from the crash if you're a bagholder

Back in December 2017 I did a valuation attempt of Bitcoin on this sub and got around 5K with some grossly optimistic assumptions. Its taken a long time but finally gone down below that.
You've probably heard many people tell you it would eventually happen back in December 2017 and to reduce expose to crypto (including me), but when you're hyped up on 20% gains every week its hard to be cautious or engage in defensive measures. To many the last quarter of 2017 and into early 2018 was like a beach party with coke and Victoria Secret models. Who wants to listen to someone tell you about how you're gonna crash hard with a headache the next morning?
With this latest crash, Bitcoin's price is back to roughly mid October 2017, which is roughly when the mainstream mania started. Many on this sub entered after October 2017 and hence are now left holding heavy bags. Many are down 80% or even 90%. Here is the current losses from ATH for the top cryptos:
Asset Loss from ATH
BTC -77%
XRP - 88%
ETH -90%
BCH -95%
XLM -79%
EOS -83%
LTC -91%
ADA -96%
XMR -85%
TRN -96%

Who do we blame?

At a time like this its easy to get angry, to look at someone to blame. Whether Roger Ver and the hash wars, whether BAAKT delay, whether whales or SEC or institutions, everyone has their favorite boogeyman. No one thing is the reason why the market is down 80%.
The reality is that Bitcoin (and all other crypto by extension) was ovevalued even by grossly overoptimistic measures. Its not BAKKT or the whales trying to get your coins for cheap. The same people who were buying at near peak bubble thinking they were getting into the chance of a lifetime are prone to look for someone to blame for their losses, when it was actually their fault for buying near the end of a mania.
Nobody wants to admit that it was their own greed, lack of research and irrational behavior that lead to the gross overvaluation of all cryptocurrency.

Is it over yet?

The $6K consolidation was likely a result of the market coiling tighter and tighter around the mining breakeven point for some of the smaller miners. The big firms in China are profitable mining below 6K, but many smaller ones in the US and Europe aren't. You can actually see the total hash rate going down. Once it broke it was a big fall straight down.
Bitcoin is mined at 12.5 BTC. per block at 10 minute blocks, which comes out to around 1800 BTC every day. This 1800 BTC has to be absorbed by every day, which means the following at different price levels:
Price Level Daily net buying needed to absorb mined coins
6000 $10.8 million/day
4500 $8.1 million/day
3000 $5.4 million/day
At the current price, at least theoretically $8.4 million in demand is needed to cover the mining output. Of course the miners don't immediately dump it all, but it shows why miners have an incentive to keep the price high and try to incite FOMO with a BGD.
I can also see that after this latest drop, the "buy the dip" sentiment had substantially gone down, at least compared to the other fast drops in price. This is especially discouraging those who were waiting for the "November bull run", which never came. Its clear to more people now that this probably isn't just downward correction that will reverse, but a multiyear bear market. This is why the bounce has been so weak compared to earlier in the year. Compare that to the last two big 2 day drops:
The weakness of this current bounce says it all, people are no longer optimistic that BAKKT or ETF or any other catalyst will lead to a bull run that they can cash out quick. It may be a period of stagnation followed by further drops as big holders take profits.
I also think that the FED tightening with rate hikes is leading to a lot more volatility not only in stocks, but crypto as well. Right now asset deflation seems to be a global macro risk as cheap credit dries up, and Bitcoin surely isn't immune from this.
My personal view is that at this point we may see further declines, but calling what's going to happen next is always dangerous. A whale (especially a big mining operation) with a series of large orders to clear out the order book on Bitfinex could give us a BGD out of nowhere at any time and take us back to 6K, it would be interesting to see how the market reacts to something like that. But I'm not betting on it leading to any sustained rally past 10K. Quite the opposite.
So what's a crypto shrimp to do? I'll split my thoughts into two, for those who are still in the green and those in the loss.

If you're still in the green

If you're still in profit, this is a great time to consider how much more downward selling you can take and also how you can hedge downward risk.
If you're someone who purchased when Bitcoin was below $1000, you should calculate your compounded annual ROI and decide if that return is good enough for you. For equities, the long term average is about 10% per year, 20-30% in a good bull market.
Its your decision, but taking out profits that exceed principal and reinvesting the principal is not at all a bad idea. For those who invested before Bitcoin reached $1K (April 2017) the current price is still an insane return that no other asset class can match.
Another important thing is to think about how you can hedge the risk of downward movement. This is where derivative exchanges are very useful, although you do need to do some research on how derivatives work and how to not get liquidated. If you have substantial holdings, the effort to learn this is worth it.
The basic idea is that you can buy short contracts that increase in value as Bitcoin goes down, proportional to the amount of leverage you put to finance the contract. If managed correctly, you can protect your entire stack with a portion as leverage. Its something commonly done by miners, who short Bitcoin with derivatives to hedge their holdings.

If you're in the loss

The untold reality is that HODL is a meme told to newbies to prevent panic selling during a downturn while the smart money cashes out in a more orderly fashion. But does that mean you shouldn't hold if you're already down massively?
Well that depends on your own life situation, how much you've invested, and if you don't need the money for the next few years.
Mathematically, whether it drops to 4.5K or 3K from the reference of 6K is highly meaningful, its a drop of 25% or 50%. But if your reference starting point is much higher, then it really doesn't matter all that much. A drop from 17K to 4.5K is a 74% loss while down to 3K it would be 82%, massive losses either way. In that sense if this is money you don't need, it makes sense to simply have it stored in a wallet and forget about it for a few years. Who cares if it drops further after a certain point if you don't plan to take it out for a while? Its like in equities markets where people with massive losses don't sell, but instead move the loss position into their retirement fund where they don't plan to take it out for a long time and thus are giving it time to rebound back.
But what if its money you need? What if like many out there you took out loans hoping to catch a run to 50K? If you have high interest debt (credit cards...etc), focus on paying that down first. Credit cards generally have high interest and many compound daily, so pay down the debt first rather than trying to pay your debts off with a crypto bull run that may take years to materialize.
This is also a good learning opportunity. It is worrying how few people who hold crypto have a clue what any of this even is or how it works. I've always recommended this video to explain how Bitcoin (and other cryptocurrencies) actually work.
A good thing to do during catastrophic losses is to honestly access why you got suckered into buying high in the first place. Most people here are young, and this is a valuable lesson in why you shouldn't follow the herd. Everyone is a genius in a bull market, everyone is chasing the next hype. Crypto tends to attract people looking for a get-rich-quick-without-effort crowd, but it takes some mental effort to understand this beyond the buzzwords. Take the time to understand the fundamental reasons why an asset has value and what factors would drive its rise once the hype dies down. What makes Bitcoin valuable, what makes some of the other cryptoassets valuable? If those fundamentals in some way changes, so should your opinion.
Its also a great opportunity to help in its adoption by using it. The irony of it all is that people demand that they get rich because of the hard work of buying a bunch of crypto in an exchange and transferring it to their wallet, without any understanding what they're buying into.
Also don't be angry. Don't look to blame. Look to learn and improve next time you invest.
submitted by arsonbunny to CryptoCurrency [link] [comments]

The crypto market is so manipulated it's astonishing. We need adoption, adoption, adoption TODAY.

Nothing new, we've been saying it for ages, but since I started learning trading a few months ago, spotting it is much easier.
For example, take this recent price move:
Alts had been rising for the last day or so, with some like BCH rising up to ~11% versus BTC (BCHBTC +11%) - many others likewise.
Now, if you have a coin worth, let's say, 0.007 BTC and 70$ in terms of USD, if BTC, being the main trading pair of the market, loses 30% of its USD value and goes from $10000 to $7000, your coin worth 0.007 BTC would lose 30% USD value too, in our example going from $70 to $49.
What we just witnessed was pure manipulation. BTC dropped from ~$10600 to ~$10000 losing 6% USD value in an hour, while ALL alts lost 10-15% USD value, something totally illogical:
ALL alts just lost 4-5% of their ALTBTC pair value at the same time. The logical thing to happen if every alt is being sold for BTC would be for BTCUSD to rise, since all alts (each with its USD price) being exchanged into BTC pumps BTC price and bitcoin dominance %.

What just happened was EVERY ALT/BTC pair was ~4% sold simultaneously into BTC AND BTCUSD price not rising but tanking 6%, a clear sign of an orchestrated cryptomarket dump with market cap losing billions (into a “stablecoin” most likely). Clearly, there is some algorithm controlling the whole crypto market with endless funds (coins) dictating what the market does, selling everything at the same time and so on. This is no group of individual trader whales, this is some huge power bigger than CME or a country, and most likely the one controlling Tether.

Tether was engineered and created as a tool to suppress the growth of cryptocurrencies. It’s not even hidden; its very name is telling you it is the tool used to tether crypto to fiat (air). It works the following way:
This is done to each and every alt as necessary in order for your controlled coin to retain the #1 spot. ETH, BCH, whatever might challenge BTC. Tether is not something ran by some group of malicious individuals that have set up an offshore company to make a few hundreds of millions with a stablecoin fraud. This is an operation on a global scale that utilizes corrupt humans running companies (Bitfinex, nChain, etc.) as tools to suppress cryptocurrencies and to prevent the mass adoption of a decentralized, peer to peer currency from overthrowing fiat.
The next logical question is what we do, and the answer is adoption. If you build a closed-loop economy with a coin and start pricing stuff in itself and not in fiat, you become immune to their fiat-value shenanigans. I'm talking about buying food, paying your rent, selling your labour and living exclusively off of a decentralized cryptocurrency. Obviously, at this point they would attempt other things, like a 51% attack with the hashrate they would have purchased with their monopoly money. This is something BCH is vulnerable to, but this beyond the scope of this already long enough post :)
submitted by doramas89 to btc [link] [comments]

Crypto Market Below $200 Billion, Bitcoin Falling To Sub-$7,000 Levels

Crypto Market Below $200 Billion, Bitcoin Falling To Sub-$7,000 Levels

If Bitcoin Fails To Keep Its Current Levels, The Crypto Market May Experience Another Steep Downfall
What seemed a week of upwards momentum for the crypto sector vanished in the past 24 hours, as Bitcoin suffered from a massive price hit. The leading cryptocurrency to date saw an almost $200-per-minute slump, forcing the market to retreat below $200 billion total capitalization.
Apart from Bitcoin, which almost deleted its gains from the start of the week, other crypto projects felt the same downwards push. Ethereum (ETH) lost 7% off its price, currently trading at $159,20 despite a weekly high of $172.
Ripple (XRP) fell with 7% pricewise, shaking hands around $0.1886. The third-largest cryptocurrency almost managed to mitigate the massive price drop due to the COVID-19 virus outbreak, reaching levels of $0.203868. The rest of the top-100 chart is almost entirely in the red, with projects losing 2-10% of their gains from the past week. The stablecoin realm managed to record increased trading volumes, mainly due to outflow from holding Bitcoin.
Crypto traders noted that Bitcoin’s $6,900 trading level is the first major support zone for crypto bulls. If the weekend pressure manages to overcome the bullish resistance, the next possible low for Bitcoin is expected at around $6,000. Crypto trader Michael van de Poppe commented on the current market situation, noting that “we might see a liquidity shortage at $7,500-7,700, which would result in a sharp price drop.”
Indeed, crypto experts pointed out that technically, Bitcoin formed a “double-top” bearish formation, which bulls didn’t manage to hold. Some experts think the downwards correction is most probably due to whale traders. Twitter crypto bot WhaleAlert exposed a series of mid-size transactions from exchanges to private crypto wallets. The amounts, ranging between 900 and 5,000 BTC, are too small to be classified as internal restructuring, but large enough to be noticed. For example, WhaleAlert tweeted about a 5,000 BTC transaction (worth $36,484,419 at the time of publication) between Bitfinex and a yet unspecified wallet address.
It seems whales are moving their stash to somewhere safe, probably expecting another portion of a downward correction, which correlates with the increased trading volumes in stablecoins, as they are commonly referred to as a gateway between fiat and crypto.
Meanwhile, the crypto market seems to be engulfed by fear, according to the Fear & Greed Index. The index indicates a measure of 15. The traditional stock market seems a bit more trustworthy, at least from the Index reading of 43, as the U.S. Federal Reserve issued at least two trillion in stimulus packages to U.S. citizens.
However, some crypto projects continue to thrive amid the global market recession and virus outbreaks. ChainLink (LINK), for example, managed to go up 32% just from the past week. The oracle platform’s token also almost doubled itself from the COVID-19 lows of mid-March. However, LINK is still 38% of its all-time high of $4,97, recorded days before the massive market wipe-out.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

Coinviva Market Weekly Report - Week of 05/04/2020

Coinviva Market Weekly Report - Week of 05/04/2020

BTC/USD Hourly Chart
The Bitcoin price was able to break out of the upper Keltner channel at $6,540 and reached as high as $7,285 at one point. It went back to $6,818 which is near the resistance level from last December. The higher highs and higher lows show that the price is back on an upward trend.
The BTC price is expected to test the $7,140 resistance next week. If the momentum keeps up, the price can potentially go back to $7,650 in the medium term. For the time-being, wait for the price to break above the Keltner channel again near $7,000 and then enter a long position, with support at around $6,650.
Review of the week:
Despite the economic downturn induced by the coronavirus pandemic, Kraken CEO Jesse Powell predicts that Bitcoin (BTC) and the crypto industry as a whole will perform well in the months ahead. In an interview with Forbes, Powell reveals that while many companies are laying off workers, the San Francisco-based exchange is increasing its staff by nearly 10% due to an uptick in interest in the cryptocurrency market at large ever since the coronavirus surfaced in China. He says that both the cryptocurrency and traditional markets have their share of retail investors who make trades on a whim, and that Bitcoin has remained relatively stable, with the price rebounding by 30% plus last week.
A closely-watched Bitcoin (BTC) whale Joe007, who earned $20 million in realized profits on Bitfinex between February and March, says he expects more pain ahead for the global economy and predicts waves of volatility as governments push to prop up traditional markets and combat a devastating loss of jobs: “It is going to be the biggest economic shock of our generation. It will unfold in waves and over time, giving false hopes and then crushing them. The focus of the crisis will be shifting through different areas. Attempts to alleviate and solve one crisis will lead to more mess.” He expects investors to continue shifting assets to US dollars – a dynamic that pummeled equities and the crypto markets in March.
In a letter to investors, CEO and co-founder of Quantum Economics, Mati Greenspan, says Bitcoin’s recent crash, along with traditional markets, is not surprising. He argues that concerns are overblown regarding whether the leading cryptocurrency still has a future after the volatile pullback: “There seems to be an existential question going around the crypto market at the moment where people are saying that if bitcoin can’t rise in this environment then it probably doesn’t have much of a reason to exist at all. After all, the narrative of using bitcoin as a safe haven in times of financial stress has been a rather strong one throughout the years and so now should really be BTC’s time to shine. Bitcoin was invented to give us an alternative to money that is controlled by governments and banks. The volatility is largely due to the fact that it’s quite new and adoption rates are unstable, which leads to large levels of speculation. So, a measure of success would be to see bitcoin remain on a slow but steady incline, rather than zooming towards the moon due to global uncertainty.”
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva
submitted by Coinviva to u/Coinviva [link] [comments]

The results of the Streamr Community Survey are in! Find out what first attracted the Streamr community to the project, what motivates them, and what they'd like to see in future. Thanks to all who participated!

The results of the Streamr Community Survey are in! Find out what first attracted the Streamr community to the project, what motivates them, and what they'd like to see in future. Thanks to all who participated!

Streamr Community Survey Results

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Inspired by the Community Fund, Streamr recently conducted a survey to better understand the community and gain insights into the effectiveness of Streamr messaging.
Below is a summary of the most insightful answers and Streamr’s response (qualitative answers have been summarised by theme and incorporated into the charts).

1. When and how did you first learn about Streamr?


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Exchanges and token searching are the leading ways in which the Streamr community discovered the project. Social media follows in second. This might indicate that those with an interest in token trading comprise the majority of respondents.
Social media use and word of mouth also show their influence, which falls in line with Streamr marketing intelligence.
The prominence of the Bitfinex exchange and ICO suggest that many respondents have been following the project from its early days.

2. What first attracted you to the Streamr project?


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Many respondents indicated that the Streamr tech stack and goal drew their interest to the project, with a particular emphasis on data monetisation and individual ownership.
This emphasis is not surprising because much of Streamr’s recent messaging has focused on the upcoming Data Unions framework and data monetisation holds the most day-to-day use potential for non-devs.
“The concept of decentralizing and monetising data.” “Giving people back control of their data sounded like a worthy project and the IoT examples sounded like ideal application of blockchain technology.”
The Network, Marketplace, and decentralization of the data economy also came through in the answers.
“It is interesting how Streamr wants to build a decentralized data network based on a blockchain other than Bitcoin. Something scalable that allows connection to IoT devices.” “Decentralized IoT and the idea of a data marketplace where buyers and sellers meet and establish a price for possibly huge amounts of data.”

3. Which tool/development area are you most interested in?


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The popularity of Data Unions, followed closely by the popularity of the Marketplace, reinforce the sentiment that emerged in answers to question two; the Streamr community is captured by the idea of selling their data.
The Network falls slightly behind, despite being arguably the central element of the project. This might be expected due to its highly technical nature and the recent focus on Data Unions.

4. On which channels do you engage with Streamr content or the community?


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No surprises that Telegram, Twitter, and Reddit continue to drive the community engagement. This may highlight that respondents here are primarily of a non-technical background, with only a handful visiting the Community Dev Forum.

5. What do you currently like most about the project?


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The results here were harder to pin down to distinct themes, with Swash taking a narrow lead, followed by Streamr team (thanks!), and enthusiasm for the project’s tech goal of making real-time data more open and tradeable.
“Swash… All the potential DApps that can be built on Streamr… And taking back control of our data.”
The potential of the Streamr stack to act as a platform for others to build on, a platform for existing projects to integrate with, and a tool for a more fluid data economy also came across.
“Swash! Because it is very pragmatic and actually produces the data in decentralized environment. […] At the moment, the most difficult part [in a] data economy is ‘having meta data’ because no one shares. Swash and similar DApps produce this for Streamr.” “The idea of revolutionising the data economy… And the good community.”

6. Apart from the token price, what do you dislike or what would you like to see the project do differently?


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It’s clear from these results, and other discussion in the community, that three key areas of uncertainty come forward:
  1. Tokenomics/token functionality understanding
“It’s a bit disheartening to see that token economics is talked about probably once or twice a year (when prompted by community members pushing for updates on it).” “Staking the token as part of the network. Its the only reason a lot of people were interested originally. Please don’t push it back further. Streamr should also be prepared to talk about the token — it feels like Streamr always has to be forced to mention it.” “Tokeneconomics. Now you know who I am. 😁”
It’s true that despite various discussions in the community, direct comms on how the token’s utility has progressed since the whitepaper is lacking. This is largely because the token’s function is still developing, and won’t take full form until the later stages of the Network are rolled out.
The token is currently used as a means of payment on the Marketplace and for individuals to earn DATA by contributing to Data Unions. Still to come are functionalities around token stake checking and incentive mechanisms enabling node rewards.
Proposed solution: A blog from Henri and the team on some of these plans as they take shape could address some of the uncertainty. Keep an eye out for an announcement on tokenomics in the coming weeks.
2. Project direction/partnerships info
“A little bit more of a plan to understand future partnerships and developments. Something that should be easy to understand for the Average Joe. I think it will reach more potential investors.” “More internal development communication should be public for Streamr to be a decentralized project, otherwise it’s a company and its followers.” “Improve transparency. I fully understand that ICO investors are not shareholders, but it’s often very hard to get a sense of what you’re working on and with who, and why. Things get announced, but little is known about your mission or business goals.” “Proper financial, personnel and visions report. Quarterly please. This is something that brings certainty to the project, as the community will know how things are going in the grand scheme.”
Giving granular updates on the project’s direction (beyond tech updates) or the status of partnerships, while desirable for the community, is not always possible or profitable for the project. This is due to NDAs, coordination between multiple external parties, shifting priorities, value considerations on timing and announcement strategies — plus many more case-by-case factors.
Proposed solution: Streamr will produce a yearly report outlining the achievements, challenges, goals ahead with a breakdown and comments from each project team, and a high level overview on finances. This would also add value for potential partners and less active followers to get an official insight into the project’s status.
3. Marketing
“Lack of awareness of the project. Recent community products [Data Unions] marketing is good, but it was about 1 to 1.5 years of nothing prior to that.” “There could be more articles just applying Streamr Core to interesting things, interacting with smart contracts etc. I feel we get one integration every 1.5/2 months, but sometimes simpler is better.” “Communicate the vision and the market you’re addressing in a more boastful way.” “More applications for making data something tangible that you show like a footprint to exemplify to no-coiners how much value the average person generates.”
Desire comes through for increased communication from the project, focused on how to apply the Streamr tech and attract a broader audience. The comms team face a continual (and interesting) challenge to strike the right balance between updating followers, attracting devs to build and use Streamr tools, communicating the project’s goals, and generating user awareness for products still in production.
Proposed solution: A comms shift towards adoption and attracting Data Union users outside the current technical and web3 sphere is on the horizon, which will address some of these suggestions.
Further examples of Core in action, perhaps with more accessible canvas templates as starting points, is another possibility in the future.

7. How would you describe Streamr to a stranger?


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It’s great to see so many of you on-message, which is encouraging from a marketing perspective, and it’s also great to understand which elements of the project you put forward independently. As we have also seen in earlier responses, there is a preference for the upcoming Data Unions feature, which was actually added to the Marketplace design after the Streamr project was founded.
Here are a few of our favourite responses:
“An open and permissionless network for the data economy, connecting producers to buyers, not owned by a centralized authority.” “A real-time P2P data network where each participant can control and manage data they produce. Data integrity, authenticity and security is ensured by the blockchain.” “Real-time data layenetwork and marketplace.” “A platform where you can sell and buy data in real time.” “A toolkit for constructing decentralized data streams which buyers and sellers trade in a marketplace.”

8. Where are you located?


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The most active community members are based in Europe. Other social media analytics show a more balanced follower distribution.

Geographic sample of 5,000 Twitter followers from Followerwonk
9. What’s your professional background (student, developer, designer) and do you have a skill or area of expertise you would like to volunteer to support the project?

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Developers take the lead by profession, which is understandable because many of the current tools and comms are aimed at those from a technical background. It was nice to see such a broad spectrum of career paths represented, drawn by the goal of a more open real-time data economy.
Thank you to those who offered to contribute their skills. We will be in touch should we require any assistance.
And thank you to all who took the time to complete the survey. Your feedback and support go a long way towards helping Streamr reach its goals.
If you’re not already a part of Streamr’s most popular social channel, what are you waiting for? Please join the community on Telegram to discuss the results, and keep an eye out across all of Streamr’s social media for updates on the proposed solutions and more.
See the original post on Medium
submitted by thamilton5 to streamr [link] [comments]

Hello MLGC community, let’s check for week updates in crypto market !

Hello MLGC community, let’s check for week updates in crypto market !
💲Tether wants to introduce USDT in the field of Crypto lending
Tether and Bitfinex's CTO believes the USDT token can provide much-needed liquidity and stability in the emerging decentralized financing (DeFi) space.

⚔️SEC eliminates loopholes for launch Telegram TON
The U.S. Securities and Exchange Commission has opposed Telegram’s request for clarity regarding the geographical scope of the injunction to distribute Gram tokens.

📉BTC completes first quarter minus 10%
Bitcoin ended the first quarter of 2020 with losses, but not as bad as the global stock market. We analyze events from the beginning of the year according to the price chart.

🦁MLGC token use-cases.
Our utility token you can use now to participate in loan investment products on our platform and to trade on Hotbit and Livecoin exchanges. We also prepare to open new markets soon.

#gofurther
MLGC.io

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

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

3commas crypto trading bot review 2020-The best crypto trading bot

3commas crypto trading bot review 2020-The best crypto trading bot
3commas crypto trading bot review 2020 is detailed and comprehensive review of 3commas trading bot, covering all its features and important topics

3commas crypto trading bot review 2020
LETS BEGIN
3Commas crypto trading bot provides access to a variety of trading tools to crypto trader to improve their crypto trading strategy. When used properly, these tools can maximize crypto trader profits and reduce your risk of loss.
3Commas crypto trading bot is best known for its trading bots. In this 3Commas review, we examine the features that make this platform so powerful.

Crypto trading bot

Crypto trading bot have received a lot of attention lately due to advances in their algorithm and growing success rate.
Nobody can watch the market around the clock, and the volatility of the crypto space makes it possible to take losses or miss opportunities in seconds.
Fortunately, a well-programmed crypto trading bot can take over the control while you sleep, eat, or do other activities
As a 3Commas user, you can copy the trading of other bots on 3 commas, automating trade orders, and track top portfolios.
With these handy protocols, you can pre-program your trading strategy based on loss and profit percentages, price points or a variety of other market conditions.
The 3Commas crypto trading bot has over 33,000 registered users with a daily trading volume of around $ 10 million.

3Commas pricing

The below image shows the 3Commas pricing in detail

3commas pricing

3Commas crypto trading bot feature

  • Automated trading around the clock: The main feature of 3Commas crypto trading bot is that you can automatically trade 24 hours a day, 7 days a week.
  • 23 supported exchanges: 3Commas supports 23 major cryptocurrency exchanges, including Binance, Bittrex, Coinbase Pro, BitMEX, Bitfinex, Poloniex, Bitstamp, Bybit, Cex, Kraken, KuCoin, OKex, Huobi, Exmo, Gate.io, HitBTC and YoBit (also) Binance DEX, Binance Jersey, Binance US).
  • Simultaneous Profit Taking and Stop Loss: Adjust trades with profit or stop loss commands to secure profits or minimize losses.
  • Trailing Take Profit and Stop Loss: Customize Stop Loss and commands with Trailing Take Profit and Stop Loss so that the limits automatically increase when a coin rises in price.
  • Sell ​​by multiple targets: You can Sell your coins by multiple targets.
  • TradingView signals and charts: With 3Commas you can display simultaneous exchange rate charts and TradingView signals in a single window.
  • Paper trading: 3Commas has a paper trading feature that allows you to fully test the platform's trading features before actual purchasing.
  • Simple and compound bots: 3Commas offers simple bots with which you can execute a trade pair and compound bots with which you can execute several trade pairs
  • Long algorithms and Short algorithms: 3Commas trading bot can use long or short algorithms. Using long algorithms, the bot buys a coin with the settings you have created and then lists orders for sale at a higher price. With 3Commas you can implement short algorithms. The bot sells a coin after you create settings and then places a purchase order at a lower price
  • Analyze and copy bots: 3Commas crypto trading bot can analyze performance and then view and copy other bot settings via 3Commas
  • Create and customize portfolios: With 3Commas you can create portfolios with any number of coins.

How to use 3commas crypto trading bot

Get started with 3Commas
Creating an account is a straightforward process. On the main page, at the top of the page, is the green "Create Account" tab.

  • Create an account
Visit the 3Commas trading bot website and enter an email address and password to register.
After confirming your account by clicking the link in the email you sent, you will have access to the dashboard.

https://preview.redd.it/wbnl0whxcfi41.png?width=800&format=png&auto=webp&s=37d2a6867ecdcc46351e5acf7db4747182d422c7
Sign up here

  • Choose the bot type
There are four types of trading bots: short, simple, composite and composite short bots. A simple 3 commas trading bot can trade only in one pair, while composite bot can trade on multiple pairs

  • Connect an Cryptocurrency Exchange:
Use your API key to connect your crypto exchange with 3commas
3commas crypto trading bot have different features for different crypto exchnage, see detail in image below

3commas bot review 2020

  • Choose a trading pair and set the base trading size
You can select the trading pair you want your crypto trading bot to trade from the drop-down menu, and then tell your crypto trading bot how much of your preferred currency you will use during your first trade

https://preview.redd.it/v14b6qdpdfi41.png?width=737&format=png&auto=webp&s=a53ae697a779597a4b2ab69412e39c3d8e5ef92a

  • Set target profit
Before you do this, you should set a safety size because you can do more controlled purchases after a dive. If a trading pair is selected by ETH / BTC and the price after the purchase of ETH falls below the original purchase price, you can use security transactions to buy more ETH with the BTC amount specified in the size of the security trade.

3commas crypto trading bot review
You can then set the target profit, which informs the crypto trading bot, in percentages, when to sell. If a target profit is set at 3%, the crypto trading bot will automatically execute a sell order as soon as this profit is realized

  • Select the type of profit taking
There are two take profit options that represent a percentage from base trading or a percentage from total volume

  • Set the maximum number of security transactions
This informs the 3commas crypto trading bota of how many security transactions it can perform before stopping, and the maximum number of active security transactions tells the merchant bot the number of active security transactions it can perform at any given time

https://preview.redd.it/0gye86zfffi41.png?width=739&format=png&auto=webp&s=37481a91f4006d2ca54e6bb5f47605452e50cd8e

  • Set the price variance to open security deals
This tells the 3commas crypto trading bot when to start executing security transactions and is set as a percentage. If set to 3, if the price of the selected currency falls 3% below the original trading price, the trading bot will start executing security transactions.

  • Set the trading start conditions
This informs the bot when the first trade should be completed and there is a choice between TradingView Signal Buy or Strong Buy, TradingView Signal Strong Buy, Manual or Open New Trade ASAP.

https://preview.redd.it/60xcqvusdfi41.png?width=730&format=png&auto=webp&s=97be8152c9129dc0260cca9d262986d0a502d3b5
If you follow these steps, a 3commas crypto trading bot can be configured in just a few minutes and the whole process is so simple that more beginners can successfully follow. The platform is still detailed enough to attract experienced traders as well.

How safe is 3Commas?

It should be noted that you actually do not have any money on the 3commas and your trading bots cannot withdraw from your linkedaccounts.
Like other trading bots, your 3commas crypto trading bot connect to your Exchange accounts via the API and then carryon automated trading on the exchanges you linked
These keys provide trading bots with limited access to user accounts to conduct trades only and do not grant bots any withdrawal rights.
This also means that if your account is compromised and nefarious actors could take control of your trading activities, they still cannot access your exchange accounts directly to make withdrawals.

Is 3Commas for beginners?

The platform is generally fairly easy to navigate even for new cryptocurrency trader, and the trading bots are easy to set up.
Various functions are easily accessible from your account. You can connect to an exchange at the push of a button and set up intelligent trades and bots.
The dashboard is also clear and users can quickly select their preferred tabs and functions from the side window.
In addition, features such as bot analysis, which lists the best performing bots and trading pairs as well as the market, are well executed and easy to understand. While the portfolio creation, tracking and social trading features are suitable for both new and experienced traders.

Conclusion

Most Crypto trading bot are difficult to use. However, 3Commas has created a trading bot that is easy to set up, customize, and easy to use.
It is also reliable compared to its lower quality competitors and is one of the best crypto trading bot
3Commas is considered the most reputable trading bot
The 3commas is completely transparent in terms of operation and location, and we know exactly who is running the company. We also appreciate 3Commas customer service, which is available 24/7 through several contact methods.
As mentioned above, there are inherent risks when trading cryptoassets. However, since many expect Bitcoin price to rise in the next few years due to halving under other driving factors it may make sense to start with a proven trading system like 3commas to see if You can earn more Bitcoin and see how the value increases in the future.
With features like portfolio creation and tracking, bot customization, best compatibility with cryptocurrency exchange and much more, 3Commas is one of the best trading bot platforms available today.
ViSIT 3commas Crypto Trading Bot
submitted by jakkkmotivator to thecryptobasic [link] [comments]

Day 4: I will repost this guide daily until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 174K, more exchanges adding SegWit, Core prioritizes SegWit GUI

NOTE Just a daily repost because original OP Bastiat seems to be offline (due to holidays I guess). However, this is quite important as I see much misinformation on which exchanges use segwit or not. Please upvote for awareness.
BACKGROUND
Subhan Nadeem has pointed out that:
If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.
A few thousand bitcoin users from /Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make it happen. You can help by taking one or more of the action steps below.
ACTION STEPS
  1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit.
  2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed exchange now and initiate the verification process so you'll be ready to bail
  3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin
IMPORTANT NOTE: The mempool is currently overflowing. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange
SELECTED TOP EXCHANGES BY SEGWIT & BATCHING STATUS
There are 2 different Segwit address formats.
  • p2sh - starting with a "3..."
  • bech32 - starting "bc1..."
Not many wallets/exchanges support bech32 yet and will claim the address is invalid if you try to send to it. bech32 ("native Segwit") is a mildly better solution compared to p2sh.
Exchange Batching Status Segwit (p2sh) Send to bech32
Binance Yes No No
Bitfinex Yes No No
Bitonic ? No No
Bitstamp Yes Yes No
Bittrex Yes ? ?
Coinbase/GDAX No No No
Gemini No No No
HitBTC Yes Yes ?
Huboi ? ? ?
Kraken No Yes ?
LocalBitcoins No ? ?
OKEx ? ? ?
Poloniex ? Yes ?
QuadrigaCX Yes Yes ?
Shapeshift Yes No No
Source 1
Source 2
WALLETS
Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction
SegWit Enabled Wallets Wallet Type
Ledger Nano S Hardware
Trezor Hardware
Electrum Desktop
Armory Desktop
Edge iOS
GreenAddress iOS
BitWallet iOS
Samourai Android
GreenBits Android
Electrum Android
TODAY's NEWS/DEVELOPMENTS/VICTORIES
MEMPOOL/SEGWIT STATISTICS
FAQs
If I'm a HODLer, will it help to send my BTC to a SegWit address now?
  • No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now.
Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter?
  • The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address.
    A transaction between two SegWit addresses is a SegWit transaction.
    A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction.
    A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Transaction if the sending address is a SegWit address.
    Source
So what address can I send to safely, there is so much confusion?
  • As of right now...
Non-Segwit Transactions
non-Segwit address to…
non-Segwit address OK
3..... (Segwit) OK
bc1.... (Segwit) No (no support for them yet)
Segwit Transactions
3... address (Segwit) to…
non-Segwit address OK
3..... (Segwit) OK
bc1.... (Segwit) No (no support for them yet)
bc1... address (Segwit) to…
non-Segwit address OK
3..... (Segwit) OK
bc1.... (Segwit) OK
What wallet are you using to "batch your sends"? And how can I do that?
  • Using Electrum, the "Tools" menu option: "Pay to many".
    Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one.
Why doesn't the Core Wallet yet support SegWit?
  • The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in
Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there?
SEGWIT BLOG GUIDES
PREVIOUS DAY'S THREADS
There's lots of excellent info in the comments of the previous threads:
submitted by psycongoroo to Bitcoin [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]

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Live Bitcoin Liquidation Watch: June 9 2020

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