Bitcoin mentioned around Reddit: A good project, with a very practical idea is to open crypto trading platform and apply blockchain technology. Have a good team and work efficiently. Full information on the website. https://www.lucre /r/ico
Bitcoin mentioned around Reddit: A good project, with a very practical idea is to open crypto trading platform and apply blockchain technology. Have a good team and work efficiently. Full information on the website. https://www.lucre /r/ico
Bitcoin mentioned around Reddit: Bitcoin mentioned around Reddit: A good project, with a very practical idea is to open crypto trading platform and apply blockchain technology. Have a good team and work efficiently. Full information /r/cryptoall
Bitcoin mentioned around Reddit: I was an analyst at Goldman Sachs and founding partner of an Asian hedge fund that specialised in event trading. I quit finance last year to trade crypto full-time and now I’m launching a platform to /r/AMAAggregator
How I applied Buffet's strategies to my own portfolio, +70% networth, beat SP500 by 40%
I believe I did pretty well in the market this year. My networth increased ~65% since its lowest point in March, ~350k to 620k. 20k from the car I bought in March. I rolled over a 401k and it messed up Mint's reporting, hence the spike from Jul -> Aug. I beat the SP500 by 40% in my YOLO account, my FAANG account went from 180->300 I did this by following some basic investing principles, buying and holding for the most part, being patient, and only investing in areas which I have expertise in. I did not buy into the TSLA hype, nor do I play options, nor do I play crypto.
Most news is noise, not news (don't read articles about investing)
The best moves are usually boring (buy and hold)
Only listen to those you know and trust
I firmly believe that anyone who follows those concepts, they will find success in investing.
Keep emotions out of the market
Don't bother timing the market. Don't get ruled by FOMO.
Understand that for some stocks, you can't really average cost down. You will have to stomach buying the stock at a higher entry point. My refusal to average up early on caused me to miss out on a lot of gains.
Understand the difference between trading, investing, and gambling.
Have an exit strategy (stop losses would have helped me a lot in March, I now learned from my expensive mistake)
Be greedy-- not TOO greedy. If a stock pops 10%, I will sell half to lock in profits. It's super common to see a lot of companies pop and the next day dip a bit due to sell off. Perfect time to grab more on the dip. This is obviously impossible to time, which is why I only sell half.
I was very specific in the types of companies I would choose to invest in within tech. I decided to follow my strengths. As a data engineer, I'm very intimate with cloud technologies, and I think I generally have pretty sharp business acumen and good strategic direction. As a result, my day to day work had me using a ton of technologies in the cloud space. I've used Splunk, NewRelic, Twilio, AWS, GCP, Hortonworks/Cloudera, Oracle, Tableau, Datadog, Sendgrid (bought by Twilio), Dropbox/box, Slack, Salesforce, Marketo, Databricks, Snowflake, HP Vertica, just to name a few. I was familiar with CDN services like Fastly and Cloudflare because sometimes, I worked with the DevOps and IT guys. Based on industry hearsay, day to day work, eventually, I got a good "feel" of what technologies were widely adopted, easy to use, and had a good reputation in the industry. Similarly, I also got a feel for what tech were being considered 'dated' or not widely used (HP, Oracle, Cloudera, Dropbox, Box). I tend to shy away from companies that I don't understand. In the past, most times I've done that-- I got burned. My biggest losers this year was betting on $NAT and $JMNA (10k total loss). After learning from those mistakes, I decided to only focus on investing in companies that either I or my peers have intimate first hand experience with using. Because of this rationale, the majority of stocks in my portfolio are products which I believe in, I thoroughly enjoy using, and I would recommend to my friends, family, and colleagues. Post COVID, due to the shift to remote work and increase in online shopping I decided to double down on tech. I already knew that eCommerce was the next big thing. I made very early investments into SHOP and Amazon in 2017 for that reason. My hypothesis was that post-COVID, the shift on increased online activity, remote work, and eCommerce would mean that companies which build tools to support increased online activity should also increase. I decided to choose three sectors within tech to narrow down-- these were three sectors that I had a good understanding of, due to the nature of my work and personal habits.
eCommerce + AdTech
IT/DevOps (increased online activity means higher need for infra)
FinTech (increased shopping activity means more transactions)
These are the points I consider before I consider jumping into a stock:
Do I feel good about using the company? Do I believe in the company's vision?
Where do I see this company in 5 years? 10 years? Do I see my potential children being around to use these companies?
What does YoY, QoQ growth look like for this company?
Is/Will this product be a core part of how businesses or people operate?
Who are their customers and target demographic?
(SaaS) Customer testimonials, white papers, case studies. If it's for a technology, I'm going to want to read a paper or use case.
In March, I took what I believe to be an "educated gamble". When the market crashed, I liquefied most of my non tech assets and reinvested them into tech. Some of the holdings I already had, some holdings were newly purchased. EDIT^ this isn't called timing the market you /wsb imbeciles. Timing the market would be trying to figure out when to PULL OUT during ATH and then buying the dip. I SOLD at the lowest point, and I with the cash I sold AT A LOSS, I reinvested that cash and doubled down into tech. If I sold in Feb, and bought back in March, that would be calling timing the market. What I am doing is called REINVESTING/REBALANCING... not timing the market. I have 50% of my networth in AMZN, MSFT, AAPL, GOOG, FB, NFLX, and the rest in individual securities/mutual funds. I have 3 shares of TSLA that I got in @1.5. Here are the non FAANGs I chose.
$SQ. I had already been invested in SQ since 2016. I made several bad trades, holding when it first blew past 90 until I sold it at 70... bought in again last year at 60s, after noticing that more and more B&M stores were getting rid of their clunky POS systems and replacing it with Square's physical readers. After COVID, I noticed a lot of pop up vendors, restaurants doing take out. A Square reader made transactions very easy to make post-COVID.
$ATVI. Call of Duty and Candy Crush print money for them. I've been a Blizzard fanboy since I was a kid, so I have to keep this just out of principle.
$SHOP. They turned a profit this year, and I think there is still a lot more room to grow. It's become somewhat of a household name. I've met quite a few people who mentioned that they have a Shopify site set up to do their side hustle. I've tried the product myself, and can definitely attest that it's pretty easy to get an online shop up and running within a day. I 5.5xed my return here.
$BIGC. I bought into this shortly after IPO. I'm very excited to see an American Shopify. BigC focuses on enterprise customers right now, and Shopify independent merchants, so I don't see them directly competing. I'm self aware this is essentially a gamble. I got in at 90, sold at 140, and added more in 120s. I def got lucky here... it's not common for IPOs to pop so suddenly. I honestly wasn't expecting it to pop so soon.
$OKTA. Best in class SSO tool. Amazing tool that keeps tracks of all of my sign-ons at work.
$DDOG. Great monitoring tool. Widely adopted and good recommendations throughout the industry. Always had a nice looking booth at GoogleNext.
$ZM. Zoom was the only video conf tool at work which I had a good time using. Adoption had blown up pre-COVID already in the tech world, and post-COVID, they somehow became a noun. "Zoom parties" and "Zoom dates" somehow became a thing interwoven into peoples' day to day lives.
$TWLO. Twilio sells APIs which allow applications to send messages like text, voice, and video chat. For example, when DoorDash sends you a text at 1 AM reminding you that your bad decision has arrived, that text is powered by Twilio. In March, New York announced that they were going to use Twilio to send SMS notifs for COVID contact tracing.
$NET/$FSTY. These two two seem like the ones best poised for growth in the CDN space. This is based off of industry exposure and chatting with people who work in DevOps.
$DOCU. people aren't going to office to sign stuff, super easy to use, I like their product.
$WMT. eComm, streaming, and a very substantial engineering investment makes me think they have room to grow. Also I really need to diversify.
$COST. When is the last time you heard someone say "Man I hate going to Costco and paying $1.50 for a hotdog and soda?" Diversification. Also cheap hotdogs.
$NVDA/AMD. GPUs are the present and the future. Not only are they used for video games, but Machine Learning now uses GPU instead of CPU to do compute (Tensorflow for example). Crypto is still a thing as well, and there will always been a constant need for GPUs.
Mutual funds/ETFs 1. $FSCSX. MF which focuses on FinTech.
$VTSAX Pretty much moves with the SP500.
$WCLD. Holdings include Salesforce, Workday, Zuora, Atlassian, Okta, New Relic, Fastly...
Titanvest: I was an early access user, and I was able to secure 0% fees for my accout. 36% gains so far. I like them, because their portfolio happens to include shares of tech giants that I either don't have individual stocks for or my stake is low (CRM, PPYL). It nicely complements my existing portfolio.
Some things I do that that are against the grain:
Not really diversified. 80% is in tech. They are in very different sectors of tech, but the truth is, when tech falls, all of these companies fall. I'm obviously long tech and I do not believe that tech will fall anytime soon. What about the dot com bubble? There wasn't a single dot com company that was integral in our lives. The internet was in its infancy then. Techonology is now such an interwoven part of our lives and I see companies like Apple, Amazon, Google to be sticking around for several generations.
I don't read investing articles. I think people who write articles about a stock all have ulterior motives-- to pump or to dump. Case in point-- Citron Research spent years writing articles telling people how SHOP was overvalued. Why did they do that? Because they were shorters at the time. I turned 5k into 27k, because I held on to most of my SHOP shares.
I don't take much value from balance sheets, other than net loss, income, YoY growth. Instead, I use my business acumen to try to pick up on info that isn't super apparent from Google. For example, one thing I always do is that I look at the career page to see how the business is growing. Increase on marketing/sales/implementation engineers is typically a solid sign that a company is preparing headcount to take new deals in the upcoming quarters. I look at the product road map, supported integrations, and customer base.
One example was how I applied the above principle was to WalMart. In 2018 I noticed that I was getting targeted by a lot of Data engineering job listing for WalMartLabs-- WarMart's tech division. The role was to build out a big data pipeline to support their eCommerce platform. WalMart's online store released in Q3 of 2019. Post COVID, I used their online store and it was a seamless experience. They even offer a 5% cash back card like Amazon. They reported strong Q4 sales last year, and they did very well post COVID. Why did I choose to invest in $WMT? Because I believe that Wal-Mart has room to grow for their online platform. Lastly... remember that wealth isn't accrued over time. It takes years to build. The quickest way to increase your wealth is by investing in yourself-- your career and earning potential. The sooner my income increased, the quicker I had more capital to buy into stocks. Also, if you've gotten this far, the point of my post isn't to say that you should invest into tech. The message I'm trying to get across is-- when picking companies, pick companies in fields or verticals you have good knowledge in. Heed Buffet's advice to only pick companies you believe in and understand. Play to your strengths, don't mindless toss money based on one person's posts on Reddit-- always do your own due diligence. Use DD as a guide and use personal research and experience to drive your decision.
Now that Reddit's ERC20 token has come out, BAT on Reddit (or in general) will suffer
Honestly, I kind of thought BAT was a stupid token to begin with. To be fair, it's actually kind of useful on GitHub, but so little people seem to actually have an account, it's just sitting in my Brave account waiting to be traded. Plus, Reddit requires no KYC to hold their token, which is so much better. Verifying your identity on Uphold is just a PITA. It's just so much easier to create a Reddit Vault account in 2 seconds. Honestly, I think this is an incredible step in the right direction and will encourage more users to use crypto and learn about it. What do you guys think?
Just started wading into the crypto market this past March and have learned a couple of things, mostly from reading this reddit: Never share your recovery key words with anyone, EVER. It doesn’t matter how legit they appear to be, if they are asking for your 24 words, they are going to empty your wallet. Giving your words are worse than giving a mustache twirling stranger your debit card and bank pin. If you get your checking account emptied, you can call the police to report the theft and plead with the bank to get your funds returned. That is not really an option with crypto, you are just shit out of luck. Keep your key list someplace safe. Do not rely on anything on-line or on your computer. Your keys need to be written on paper, carved in stone or stamped on steel - don’t care which so long as it is physical not digital. Once you have your hard copy you need to double check, then triple check, the words themselves and the order of. You have your keys? Now put them in some place secure like your fire resistant file box, parents lock box or someplace that is understood to be depositor of things you really don’t want to lose. For fucks sake don’t use a screen capture you saved to Google Photo as your backup. All the Youtube videos, Coinwhatever articles and Crypto forecasts are all pretty much useless. The worst of them are trying influence the market with hype for their own gains or exist to collect the revenue for media content. Some of these may be legitimate but are only useful for people with wallets big enough that a 5% wobble in price and some good timing would outpace the fees for a profit that’s worth the effort. But those people already know what they are doing and don’t need a parrot to confirm. The Crypto environment is jam packed with hypers, and dreamers. Disregard half of everything you hear, see or read about Crypto and be very suspicious of the rest. Chances are that the browser plug-in or application you are using is, or will be, compromised. If you are using your phone for retail purchases or trading, only have enough funds to do what you need accessible from that device. At some point that phone is going to either die or get stollen. It’s a lot easier getting over $20 than $20k. The mechanics joke about “Good, Fast or Cheap - pick 2” holds true for the Crypto Trading platforms. Never leave coins that you are not currently trading with in a wallet supplied by what ever market you are using. Move anything you plan on holding to a wallet that you have the keys to. Don’t sit and watch the market do its thing, especially if you are holding. Ignore the market until you have a few dollars to put in, wait for a dip that strikes your fancy and buy, then go back to ignoring it. If you sit and stare, you start getting ideas & those usually don’t work out as planned for most of us. Acronyms, there are so many acronyms. If there is a glossary of acronyms for the Crypto world please link in the comments.
A new #DeFi platform ⭐All Star Team 💪 🚀Korean Project Website: www.mobiuscrypto.io What is Mobius Crypto? Möbius Crypto is a novel, innovative platform using P2P algorithmic trading that redefines De-Fi (Decentralized Finance). What are the products under Mobius Crypto?
Deep Dive on the first Reddit Points, $DONUT Token 🍩 🍩 🍩Very Attractive, Low-Cap Opportunity 💎
DONUT TOKEN 🍩 🍩 🍩
$DONUT is an ERC20 token initially built at the behest of Reddit to trial out their Community Points initiative. Reddit is now scaling this up big time with the Reddit Scaling Bake-off. Once the winner is announced, DONUT will get some nice airtime. It has so far remained under the radar.
$DONUT has 3 core utilities; 1) used to purchase banner space in the 230,000+ member subreddit (this is a very attractive place to promote). DONUT used on the banner space is burned, marking the deflationary aspect of the tokenomics. 2) new tokens are issued on a periodic basis which is sent to active users of the community (they can HODL or sell to the continuous stream of advertisers). 3) DONUT holders can vote on proposals such as issuance reduction in the integrated AragonDAO, i.e. fully decentralised and community-run.
$DONUT has remained under the radar since launching on main-net. This is similar to many projects where the ecosystem and product are great but simply isn’t commercially focussed i.e. no business development or marketing team. In other words, it is purely community-run (and the community is starting to push it). We’ve also been in a bear market where many have kept their capital in ETH, BTC or other tokens. In the last 4 weeks, as predicted some time ago, DONUT is now seeing some serious interest in what I believe is the beginning of an interesting journey. Marketcap broke $800,000, price reached ATH of $0.01, volume/liquidity on Uniswap broke $100,000. This is still very early days for a token which has real utility in an ecosystem that will inevitably see a lot of traction during the bull market. Imagine holding a lot of DONUT now, and being the guy to sell to the flock of advertisers during the bull market?
Following this last point, there is a positive feedback loop to consider. The more users hear about DONUT, the more they will join the sub, the more they join the sub, the more valuable the banner is, the more valuable the banner is, the higher the price of DONUT, the higher the price of DONUT the more of deflationary it becomes (due to the burn-rate surpassing issuance-rate).
How likely is it more people will hear about DONUT? Well, right now some of Ethtrader’s most active users are earning about $3000 per month in DONUT. Can you imagine the headlines and media attention? “Ethtrader users earn $XXX in DONUT."
There is also the meme-coin element to factor in. I don’t like mentioning this because DONUT has actual use-case and is not a meme-coin in the traditional sense. But, let’s be honest, meme-ability / marketability are both very important. Dogecoin got to where it did with zero utility.
I am not saying that Reddit will roll out DONUT across their entire site. DONUT will be just for Ethtrader. Other subs can have their own token and use their own tokenomics. There are some examples already, like MOON & BRICK. Neither of these has tokenomics close to as attractive as DONUT and at the moment, there is no reason for them to accrue in value.
Fun fact,@cslarson(head moderator of ethtrader and founder of DONUTS as far as I can tell) was actually hacking on SourceCred before DONUTS happened. He, along with@lkngtnand@jvlusohad recently coded upcredaoat a hackathon, a project that mints ERC-20 tokens in an Aragon DAO according to Cred scores, when he got the call from Reddit offering support for prototyping DONUTS on ethtrader. Can’t blame him:) ... 👇👇👇
Funnily enough, this is actually an alpha: right now you can ‘farm DONUT’ by contributing to ethtrader through high-quality memes, discussions, comments etc. Just by being an active member of the community, you can earn DONUT 🍩 tokens which you can sell for real $ETH. I’ll explain later why people would want to buy DONUT. Or, you can HODL them, which is highly recommended. Based on the last rewards distribution (https://www.reddit.com/ethtradecomments/i48u9g/new_donuts_distribution/) if you earned a mere 100 or so Karma points in the sub, you would have received 10,000 DONUT tokens which you can then sell for ETH on a growing list of exchanges, namely Uniswap (which has growing liquidity). This is an example of what DeFi and Ethereum are all about and is one of the more significant community-focused projects. You have all sorts of crummy community tokens out there but none have the ecosystem to back them up. Don’t get me wrong, I’m not saying DONUT is a $LEND, $COMP, etc but it ticks all the boxes to be considered a moon-shot: meme-worthy, existing network effect, undeniable utility, Reddit-backing, AragonDAO support, and more. ... The Ethtrader Group is a 100% community-run subreddit-collective where the governance token DONUT 🍩is used to vote on proposals regarding tokenomics. Slashing supply, changing tokenomics and other decisions can be made in their AragonDAO with the more DONUT 🍩 you hold resulting in higher voting power. It makes sense that Aragon was used seeing as the lead developer Carlson was working on Credao (a similar concept) using Aragon before he was approached by Reddit to work on the very first iteration of their Community Points system before rolling it out across the entire platform. Source. Any member of the community can propose changes by first gauging sentiment through polls in the subreddit (something you need DONUT for by the way), following up with proposals in AragonDAO which require voting (again voting power is tied to DONUT holdings). ... Growth over time: DONUT 🍩 has thus far followed similar growth trajectories of projects that start out organic, community and product-focused and over time attract real interest, real activity and real growth. This is in opposition to projects that market first and deliver later. DONUT hasn’t marketed anything as the community has focussed internally during the bear market and the ecosystem is relatively new, which is why it isn’t already worth more. I have been trading crypto since 2011 and ALTs since 2014 and I’ve learned to spot these nuanced differences between projects, and the all-important signals. The DONUT token launched in its current state in Jan 2019 with a volume of $30 and a price of $0.0019. But I am going to focus on December 2019 as the start date for a number of reasons: first, due to some teething pains with the direction of Ethtrader & $DONUT some of the team split off, the Token also underwent a shift and you can see on the chart this early phase does not reflect any organic price action. So, starting from the latter date, looking at the chart, you can see an organic price development typical of many promising projects. Slow, steady accumulation, followed by sharper ups and downs with the bottoms rising upwards. I saw this same pattern on pretty much every organic-driven ALT I’ve invested in with success. In the last 2 weeks, ATHs have been broken across the board. ... Similar successes: Let’s face it. In our funky community, tokens of all kinds can grow astronomically. Even those without a single use-case can grow simply because they are meme-worthy. Think $DogeCoin or $Garlicoin. More recently you have $TEND which is growing in popularity and is currently worth $1 (when I first started writing this post, it was at $0.50. DONUT was at $0.005 and is now touching $0.01). DONUT 🍩 is unique in that it has potential to be a significant Ethereum meme token on par with these examples but more importantly, it also has tangible use-cases which will ensure the project remains active over a longer course of time, with accessibility open to anyone with spare time to meaningfully contribute to the community. But that isn’t the clincher. The Ethtrader group is large and getting larger with almost a quarter of a million members at the time of writing. That is a valuable audience of highly relevant people interested in cryptocurrency, especially Ethereum. DONUT 🍩is used in a Harbinger Tax style system (whereby someone would use DONUT to buy ad space from the current owner for a price set by that owner. This person would then set a new price — this will be the cost someone who wants it back will need to pay — and then based on this new price there will be a 100% daily tax for as long as you choose to hold the banner for). This adversarial system will ensure you have projects (typically with deep pockets) buying up lots of DONUT 🍩 to ensure they can control the banner, spending those DONUT tokens on getting the banner, and the process will continue over and over. If we enter a new bull market for DeFi, this will be a significant value and liquidity driver as let’s face it, that is prime real estate for brand exposure. I'll draw your attention back to the feedback loop I mentioned in the TL;DR.
📸IMAGE:https://imgur.com/a/CnFpfQr *note, this is just a quick thing I slapped together and shows just one process and one use-case and is not a comprehensive diagram. Hopefully, it is useful anyway. Deflationary or inflationary? The DONUT used to buy the banner is always burnt, currently, 3 Million DONUT is burned per month. While there is monthly issuance (the source of contribution rewards), there is also frequent burn events. Currently, the banner is burning 100,000 DONUT per day compared to the 4,000,000 issued per month. This daily burn can increase or decrease depending on the cost of the banner which can increase or decrease based on what the owner sets it as. This means when demand increases (exchanges, dapps, projects bid for the banner space), the burn rate will exceed the issuance rate, resulting in deflationary tokenomics. Conversely, if the cost of the banner decreases and is below the threshold (as it currently is, only slightly) then technically it will be inflationary. The deflationary dominance has already proven to be effective seeing as the token started out with 100m units and now on around 90m. Furthermore, the issuance rate can at anytime be slashed if put to a community vote which anyone in the community can initiate, so long as they own DONUT. So, DONUT is also used here as a governance token, the more you have the stronger your vote on such decisions. To use DONUT to vote on community initiatives or a change in the tokenomics, you’ll need to visit their integrated AragonDAO and learn more about the process. This can be found here: https://mainnet.aragon.org/#/0x57EBE61f5f8303AD944136b293C1836B3803b4c0 and is also where DONUT is claimed from.
Own DONUT now and be the one to sell it advertisers who will be in bidding wars with each other. Advertisers in this industry are used to ridiculous prices and the banner is very cheap at the moment.
The DONUT used for the ads will be burnt and the advertisers, of course, won’t get them back. This means a continuous BUY-pressure for DONUT.
As a DONUT holder, you will have voting power in their AragonDAO integration. What does this mean? We can submit proposals and vote on tokenomics to change, e.g. reduce supply.
We all know this space, right? On top of the concrete utility, DONUT could and will become a popular ‘meme-coin’. Previous examples of these (that lack utility) are Dogecoin & GarlicCoin.
If you were an exchange, would you pay $3k per day to reach all the ETH traders? (They currently spend so much more than that on useless CMC banners) If so, that’s $1m per year. For example, you’ve all seen the endless crypto . com banners right? They spend millions on marketing. I will wager all my DONUT that they will be serious bidders soon.
Some people are already earning $3000 a month on Ethtrader via donut. You can take a look at the latest distribution list here.
Media attention is practically assured and the number of new people tweeting and talking about DONUT is rising rapidly, just take a look at twitter, 4chan, reddit and other places. DONUT was also listed on CoinGecko and CoinMarketCap within the last mont.
I hope this was in-depth and useful. I have tried to add as much as possible but I have no doubt missed some stuff as well. As always, DYOR and make an informed decision. For me, at this price, it's a no brainer.
Welcome to the CryptoCurrencyTrading Daily Discussion thread. The thread guidelines are as follows: - Make sure you have read the subreddit’s rules before commenting - Follow the subreddit’s rules as well as Reddit’s site-wide rules - Discussion should be focused on trading, though other discussions are allowed - Do not discuss your platform as that will be counted as promotion/spam and will result in you getting banned Thank you in advance for participation, have a nice discussion. Enjoy.
I'm a little bit out of the loop. What happened at Crypto dot com?
I had the intention to invest in crypto (mostly bitcoin and/or ripple) to make a little bit of money. I dont want to become rich, just need some extra cash. I found crypto and it seemed pretty easy for a guy like me who doesn't know a lot about how the market works, also they give you a really cool card with cashback. It seemed almost perfect: card, cashback, 0% commissions. Then I saw this post. In the comments somebody said it was completely fair but I fail to understand. Would you mind explaining to me if crypto.com is good? If it's not, what do you suggest me to begin trading cryptocurrencies? I have read Kraken is a good website but I wanted to go with only one platform instead of more than one. So, crypto or kraken? Thank you!
Read full story: medium.com/verasity Are you passionate about the Verasity project? Do you think you could help us increase Verasity’s brand awareness and reach on social media? We are looking for Verasity Influencers who can help us to take our project to the next level. If YOU are social media savvy and think you have what it takes to become a Verasity Influencer, here’s what we want you to do:
Register on verawallet.tvand set up a VeraWallet, if you haven’t already done so.
To join the campaign please fill the form below and wait for the approval.
We will evaluate your Twitter &Reddit account. Once we have confirmed your application, you can start tweeting. If your application is rejected, you may re-apply 2 weeks later.
Your tweets/comments may be submitted in the above forms **once a week
-Your tweets/comments will be evaluated on a **weeklybasis
Tweets/comments that are approvedwill be shown a VRA rewardamount.
You may submit newlinks every**week
- Results can be viewed in this evaluation sheet 5. Tweets/comments must be of **good quality. Spam, low-quality tweets/comments, copying others’ tweets will cause you to be banned from the campaign. 6. Participants’ tweets/comments will be evaluated once a week and the rewards will be sent to your VeraWalletonce a month. 7. Verasity has the right to change campaign rules at any time. You could earn $$$s in VRA for being a Verasity Influencer on Twitter and Reddit Photo by Sara Kurfeß on UnsplashRules for Twitter Posts:
Participants must have at least 250 real followers on Twitter.
Content should contain $VRA, #verasity, #vra, or any other variation of Verasity tag.
Participants can comment on Influencers’ tweets.
Tweets/comments must be of good quality.
Spam, low-quality tweets, botts and copying other tweets will cause you to be banned from the campaign.
The maximum number of tweets/comments per day and users are 2.
How We Reward You
Each valid Tweet/comment will receive:
250–499 followers — 1000 VRA
500–999 followers — 1500 VRA
+1000 followers — 2000 VRA
In a case where a tweet/comment gets more than 10 retweets and 10 likes, we will double your reward (limited to 10,000 VRA/week per user)
If a tweet/comment receives more than 25 retweets and likes, we will triple your reward (limited to 20,000 VRA/week per user).
Photo by Sam Dan Truong on UnsplashTips on How to get More Engagement (RTs & Likes) on your tweets; Write high quality, informative tweets that people will love to read Use the correct hashtags for optimal reach Use visuals such as colorful images and video Use funny memes, images and engaging quotes. Make your reader laugh :) Share your tweets with your friends, invite them to retweet, like and comment Share your tweets on crypto-related Telegram groups and forums The most quality tweets will be shared by us on Verasity Telegram groups Begin a thread/topic of conversation and invite people to respond Photo by Kon Karampelas on UnsplashRules for Reddit
Participants must have at least 50 karma points.
Participants must subscribe to Verasity subreddit.
Participants must upvote all Verasity posts.
Participants must post a piece of content (most important aspects and features of Verasity, TA tweets, sharing the latest article with a comment, etc.) on crypto-related subreddits.
Participants can comment on the posts of Verasity subreddit or other subreddit posts that are relevant to GEM, altcoins, esports, stake, game, trade.
Posts/comments must be quality.
Spam, low-quality posts/comments, copying other’s texts will cause you to be banned from the campaign.
The maximum number of posts/comments per day and users are 2.
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The next XVG? Microcap 100x potential actually supported by fundamentals!
What’s up team? I have a hot one for you. XVG returned 12 million percent in 2017 and this one reminds me a lot of it. Here’s why: Mimblewimble is like Blu-Ray compared to CD-ROM in terms of its ability to compress data on a blockchain. The current BTC chain is 277gb and its capacity is limited because every time you spend a coin, each node needs to validate its history back to when it was mined (this is how double spending is prevented). Mimblewimble is different - all transactions in a block are aggregated and netted out in one giant CoinJoin, and only the current spending needs to be verified. This means that dramatically more transactions can fit into a smaller space, increasing throughput and lowering fees while still retaining the full proof of work game theory of Bitcoin. These blockchains are small enough to run a full node on a cheap smartphone, which enhances the decentralization and censorship resistance of the network. The biggest benefit, though, is that all transactions are private - the blockchain doesn’t reveal amounts or addresses except to the actual wallet owner. Unlike earlier decoy-based approaches that bloat the chain and can still be data mined (XMR), Mimblewimble leaves no trace in the blockchain, instead storing only the present state of coin ownership. The first two Mimblewimble coins, Grin and Beam, launched to great fanfare in 2019, quickly reaching over $100m in market cap (since settled down to $22m and $26m respectively). They are good projects but grin has infinite supply and huge never-decreasing emission, and Beam is a corporate moneygrab whose founding investors are counting on you buying for their ROI. ZEC is valued at $568m today, despite the facts that only 1% of transactions are actually shielded, it has a trusted setup, and generating a confidential transaction takes ~60 seconds on a powerful PC. XMR is a great project but it’s valued at $1.2b (so no 100x) and it uses CryptoNote, which is 2014 tech that relies on a decoy-based approach that could be vulnerable to more powerful computers in the future. Mimblewimble is just a better way to approach privacy because there is simply no data recorded in the blockchain for companies to surveil. Privacy is not just for darknet markets, porn, money launderers and terrorists. In many countries it’s dangerous to be wealthy, and there are all kinds of problems with having your spending data be out there publicly and permanently for all to see. Namely, companies like Amazon are patenting approaches to identify people with their crypto addresses, “for law enforcement” but also so that, just like credit cards, your spending data can be used to target ads. (A) Coinbase is selling user data to the DEA, IRS, FBI, Secret Service, and who knows who else? (B) What about insurance companies raising your premiums or canceling your policy because they see you buying (legal) cannabis? If your business operates using transparent cryptocurrency, competitors can data mine your customer and supply chain data, and employees can see how much everyone else gets paid. I could go on, but the idea of “I have nothing to hide, so what do I care about privacy?” will increasingly ring hollow as people realize that this money printing will have to be paid by massive tax increases AND that those taxes will be directly debited from their “Central Bank Digital Currency” wallets. 100% privacy for all transactions also eliminates one HUGE problem that people aren’t aware of yet, but they will be: fungibility. Fungibility means that each coin is indistinguishable from any other, just like paper cash. Why is this important? Because of the ever-expanding reach of AML/KYC/KYT (Anti-Money Laundering / Know Your Customer / Know Your Transaction) as regulators cramp down on crypto and banks take over, increasingly coins become “tainted” in various ways. For example, if you withdraw coins to a mixing service like Wasabi or Samourai, you may find your account blocked. (C) The next obvious step is that if you receive coins that these chainalysis services don’t like for whatever reason, you will be completely innocent yet forced to prove that you didn’t know that the coins you bought were up to no good in a past life. 3 days ago, $100k of USDC was frozen. (D) Even smaller coins like LTC now have this problem, because “Chinese Drug Kingpins” used them. (E) I believe that censorable money that can be blocked/frozen isn’t really “your money”. Epic Cash is a 100% volunteer community project (like XVG and XMR) that had a fair launch in September last year with no ICO and no premine. There are very few projects like this, and it’s a key ingredient in Verge’s success (still at $110m market cap today despite being down 97% since the bubble peak) and why it’s still around. It has a small but super passionate community of “Freemen” who are united by a belief in the sound money economics of Bitcoin Standard emission (21m supply limit and ever-decreasing inflation) and the importance of privacy. I am super bullish on this coin for the following reasons:
Only $400k market cap
Supply started at zero, so there are no VC’s and team to dump on you into the pumps - all coins are mined into existence, just like Bitcoin.
It just had its first halving, reducing emission from 16 to 8 per block. Between now and 2028 there are FOUR (!) more halvings, from 4 to 2 to 1 and then finally 0.15 (I guess that would be an 85%-ing :p) and at this point the supply is the same as BTC and stays in sync forever until the last coin is mined in 2140. This simple supply curve is already accepted by the market as a winner, so why mess with success? (I)
Meets Andreas Antonopolous’ 5 pillars of open blockchains test: Public, Open, Borderless, Neutral, and Censorship Resistant. (How many coins can say this?)
Unlike Bitcoin, Epic created a multi-algorithm approach that enables people to mine on ordinary computers - 60% for CPU on RandomX, 38% for GPU on ProgPow, and 2% for ASIC’s on Cuckoo31+. The algorithms don’t compete with one another. This is essential for leveling the playing field and preventing massive farms from dominating. These percentages can change over time and new algorithms can be easily dropped in. You can mine today using an old laptop and in 5 years you will still be able to. Incidentally, there is nothing standing in the way of adding mobile phone-based mining, which ETN showed there’s a huge demand for.
Based off the excellent Grin codebase, which means they continue to pull in ongoing core code enhancements and focus on ease of use and market penetration instead. (Smart!)
Litecoin’s Charlie Lee is out there daily talking about their move to Mimblewimble, which provides free publicity. What people don’t realize is that you can’t just bolt on Mimblewimble to a legacy blockchain, that’s like putting a Ferrari engine into a school bus - it’s still a school bus, not a race car! LTC is doing it as an optional soft fork via “extension blocks” which will not be supported by all wallets and exchanges. Also, anyone using “optional” privacy features is declaring themselves to be suspicious, which kind of defeats the point for people who care about privacy.
The community is friendly and welcoming to new people coming in, with lots of helpful (independently created) tutorials and guides. (F)
It’s already a global phenomenon, with the whitepaper in 20+ languages (G) and (not bot-infested) active local-language communities on not only Telegram but also Wechat, LINE, QQ and other messenger platforms.
It’s only on two random little exchanges currently, Citex and Vitex. Vitex is actually a pretty good DEX with no KYC and a great mobile wallet.
They are very creative - since centralized exchanges want huge money to list, they created a non-inflationary ERC20 tracker token that’s exchangeable 1:1 for coins so that Uniswap trading is possible (H)
Because it doesn’t have a huge marketing budget in a sea of VC-funded shitcoins, it is as-yet undiscovered, which is why it’s so cheap. There are only 4 Mimblewimble-based currencies on the market: MWC at $162m, BEAM at $26m, GRIN at $22m, and EPIC at $0.4m. This is not financial advice and as always, do your own research, but I’ve been buying this gem for months and will continue to. This one ticks all the boxes for me, the only real problem is that it’s hard to buy much without causing a huge green candle. Alt season is coming, and coins like this are how your neighbor Chad got his Lambo back in 2017. For 2021, McLaren is a better choice and be sure to pay cash so that it doesn’t get repossessed like Chad!
https://preview.redd.it/n5pkxql0crh51.jpg?width=1280&format=pjpg&auto=webp&s=959d7b4051bd1c20b53cfc28ee1c4cbdd355382e Swipe opened the month of August with the launch of its Swipe Network Staking and its announcement to run a Decentralized Finance Lending/Earn application on Binance Smart Chain. This was also followed by the plan to release product updates, events, listings, or partnerships every week until the end of 2020. Bringing their promise and commitment true to the public, here are the activities that Swipe has released for the past two weeks: https://preview.redd.it/5ztwd3p3crh51.jpg?width=1280&format=pjpg&auto=webp&s=a5305d9e040318cfe9e3da0a3a721c88cbaf80ae Swipe Launches Staking/DeFi Swipe has recently launched its test network for Swipe Network Testnet Staking and, at the same time, announced its plans to launch a Decentralized Finance Lending/Earn application on Binance Smart Chain. With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges. A reserve system in place to lock SXP and guarantee that the merchant and payment networks receive the exact fiat amount is in place as Swipe facilitates real-time conversions on-demand. Users will receive up 12% APY on their staked SXP within the Swipe Network off-chain and a variable rate for on-chain. Swipe plans to enable staked SXP to earn the processing fees it charges in the future as well on top of the collateral rewards from staking. Also, Swipe revealed its plans to launch a DeFi App on Binance Chain called SwipeFi, which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain. Swipe (SXP) Trading Competition Last August 5 to 12, Swipe and Binance team have both committed a total of 100,000 SXP and 50,000 USDT in prizes to thank its users worldwide for their continued support and to also celebrate the Swipe acquisition and SXP/USDT listing in Futures, Margin and Spot markets. The contest was divided into three categories: a new user exclusive rewards, a trading competition, and the Lucky 99, which awarded users ranked 99th, 199th, 299th, 399th, and so forth until the 9999th place of the top 10,000 SXP traders based on their trading volume. Swipe x WBTC Swipe has partnered with WBTC Network and has officially been approved as a merchant for WBTC minting through the WBTC Network’s DAO Governance process. Swipe Wallet users will be able to benefit from instantly wrapping Bitcoin BTC to Wrapped Bitcoin (WBTC) and vice versa with just a few clicks. Swipe has also listed WBTC on the Swipe Wallet platform and Swipe Visa Card to enable users to buy, sell, exchange, and spend WBTC at over 60 million merchants worldwide. SXP on CoinDCX SXP, the native token of Swipe, is now listed and live on its second Indian Exchange CoinDCX. Trading for $SXP token is now live for CoinDCX users who wish to trade SXP/BTC and SXP/USDT. CoinDCX trading links for SXP: https://coindcx.com/trade/SXPBTC&https://coindcx.com/trade/SXPUSDT Wazirx AMA Session Swipe Chief Executive Officer (CEO) Joselito Lizarondo, held an AMA session with the Telegram community of Wazirx, a bitcoin exchange in India, last August 7. In the AMA session, Lizarondo answered questions about Swipe, Swipe Card, its new partnership with Binance, and the recent projects that the company has announced. The community also asked if Swipe is planning to bring its card services to India as it is one of the biggest crypto market countries at present. To read the whole summary of the AMA visit: https://blog.wazirx.com/ama-with-joselito-lizarondo-ceo-founder-of-swipe-summary/ New Swipe Product Manual Swipe has released a new “redefined” white paper under the title: Swipe Product Manual. The Swipe Product Manual was designed with simplicity in mind for easy and coherent descriptions of the Swipe ecosystem of products. This will describe all of Swipe’s current and future products that the team has planned. Technical descriptions and documentation will be made available, as required, per protocol, as some will have API access for developers. The Swipe Product Manual can be viewed by clicking here or by going to https://sw.pe/ProductManual or downloading https://swipe.io/ProductManual.pdf to your desktop. Swipe 0% Fees Starting Monday, August 17, Swipe Wallet and Swipe Card users will no longer have to pay any fees to buy, sell, and pay with crypto. Users can now purchase, sell, and convert cryptocurrencies to and from fiat currencies without the previous 1% fee. Swipe cardholders will also enjoy waived membership fees and free card shipping. Swipe Staking As Swipe prepares to launch the Swipe Network Staking mainnet, the Swipe Wallet application will support SXP staking. Users will enjoy staking rewards based on their SXP balances that are held on the Swipe Wallet beginning on August 23, 00:00 UTC. More details of the staking can be viewed at: https://medium.com/swipe/swipe-wallet-to-support-sxp-staking-acfab4589813 Swipe Reddit AMA In his first blog post on Medium, Swipe CEO Joselito Lizarondo answered the questions that the Reddit community asked regarding Swipe’s activities and plans for the future. He talked about the new partnership programs of Swipe, its newly released “Product Manual,” and the new roadmap, which will be kept in stealth “to focus on bringing maximum value to these announcements and products.” Read the whole transcript of Joselito Lizarondo’s AMA here: https://medium.com/swipe/swipe-reddit-ama-8-13-80690e2f6589 Swipe and Kava Partnership Swipe has formed a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem as Swipe prepares to bring decentralized finance applications to the Binance Smart Chain. Swipe has also listed KAVA and USDX on the Swipe Wallet platform where users can buy and sell KAVA and USDX with a linked bank account or credit/debit card as well as enabled it to be converted and spent at over 60 million merchants worldwide with the Swipe Visa Card. $16M+ Ecosystem Rewards Program for BNB Holders on Binance Swipe is launching a 12-week-period $16,000,000 Ecosystem Rewards Program for BNB holders, starting August 17. This program aims to continue to promote the usage of Swipe products, including the Swipe Network Staking and Governance within a strong community. With Swipe’s partnership with Binance, a weekly distribution of 333,333.33 SXP will run to BNB holders on Binance.com. Know more about the Rewards Program here: https://medium.com/swipe/swipe-launches-16m-ecosystem-rewards-program-for-bnb-holders-on-binance-e79ffc9dc252 Swipe’s Chainlink Based Price Oracles Now Live Swipe has collaborated with Chainlink, the market-leading decentralized oracle network, to launch a live SXP-USD price oracle on the Ethereum mainnet. By switching to Chainlink, users receive stronger guarantees around trust and transparency in the payments process, as critical price feeds for the network are now completely decentralized and available to monitor on the blockchain. This decentralized infrastructure ensures that reward issuances and token burns only take place based on accurate, highly available, and tamper-proof on-chain prices that have no single point of failure or absolute truth. Users can independently verify the current price, how price updates occur, which nodes are providing data to the network, and more. This means users no longer need to rely on Swipe to produce fair conversion rates. --- Stay up-to-date with all the latest news from Swipe Website: https://swipe.io Twitter: https://twitter.com/SwipeWallet Facebook: https://facebook.com/Swipe Instagram: https://instagram.com/Swipe Medium: https://medium.com/Swipe Telegram: https://t.me/SwipeWallet & https://t.me/Swipe LinkedIn: https://www.linkedin.com/company/swipewallet YouTube: https://youtube.com/SwipeWallet
Welcome all newcomers! Here's something important you should know. The crypto space is full of scams and here is how to spot one.
I know that this may seem obvious to most of you here, but I'd just like to make a PSA for all of the newcomers here. The crypto space and even the general online investing space these days is full of scams. So now that you know that, here's how to spot one:
They offer you guaranteed % returns on your investment. Anyone advertising guaranteed % returns on your investment is a scammer. Almost every time without fail. The higher the rates, the more likely they are to be a scam. If they are offering anything more than 5% per year without acknowledging that it is a high risk investment is most likely a scam.
They make you lock up your funds for a set period of time. This is a very common part of Ponzi schemes. It is done so that new investors cannot withdraw their funds for a long time. This means that their money can be used to pay off the first few investors which came before them and they can only withdraw their funds after the set period of time. The scammers then use this lockup time to attract new investors, allowing them to pay off the previous investors. This cycle repeats until the scheme runs out of new investors to pay off the old ones.
The way they make their money isn’t made clear or is hidden behind a general explanation such as “an advanced trading algorithm” (see BitConnect’s “trading bot”.)
As a general rule, the more a website or developers talks about the price of a crypto asset or the returns it will earn you, the higher the likelihood of it being a scam. This is just a general rule though since many legitimate projects just go all out when it comes to marketing, probably just to pump their own bags.
Nobody will trade for you. Many people say they will trade for you or you should add them on What’sApp to join their “trading program”. Nobody who is actually a good trader will do this. Good traders don’t share their secrets and they don’t make money fast enough or consistently enough to offer their services to other people even if they wanted to. Usually these types of scammers will get you to send them your money “for them to trade with” and as soon as they get your money they will disappear.
Their website just seems off. This is where an eye for detail is important. For the infamous BitConnect Ponzi scheme, they only let you trade their “cryptocurrency” on their own website’s exchange. That never made sense to me (this is of course not to say that just because you can buy a coin on a legitimate DEX like Uniswap means it isn’t a scam. For example, HEX is definitely a very clever, detailed Ponzi scheme with a token you can buy on Uniswap, but it is nonetheless scam to line the pockets of its asshat of a founder). Another example of this is what appears to be a Ponzi scheme which a Reddit user PM’d me asking me if it was legitimate (I believe the user is younger than most users here and is new to the crypto space so it is very understandable and I’m glad he asked me first). The website is www . backingfx . com (I don’t want to directly link a scam website here, but you can fix the link and see it for yourself if you are curious). This site promises 50%+ per day on your investment which they make by “trading” and you have to lock up your funds for at least two weeks. They have a fancy looking website but other things just seem off like their generic statement about “working with big companies” and no more details. Also, their about us section is sounds like it was translated and not written by a native English speaker as it says: Backingfx platform is at your service with its user-friendly features, secure infrastructure and applications that make a difference. Nobody would say it like that. It would normally be something like The BackingFX team is here to help you, not the platform itself is “at your service”. Finally, they also contradict themselves by having their offices listed as a generic Manhattan invesment office building yet their website says they are based in the UK! Everything wrong about this site could be a post of its own but that’s not what this post is about.
They are doing a "giveaway" where you deposit crypto into their wallets and they say they will send you more crypto back. This is the oldest crypto scam in the book and people still fall for it. If someone wants you to send them your crypto for any reason, they probably intend on stealing your crypto since crypto transactions are basically irreversible.
Anyway, there are more telltale signs to look out for which you can find outlined in many articles on the internet if you search something like “how to spot a scam or Ponzi scheme”. I have outlined the main ones above so you should be armed well enough to spot one in the future. Finally, I’m sure some of you may now be suspicious of ETH 2.0 staking as it will likely yield you 3-10% annually and you have to lock up your ETH. However, there important differences between the details of ETH 2.0 staking and scams offering guaranteed returns. First, there are detailed technical reasons for having to lock up ETH for ETH 2.0 staking. This is because building a bridge between ETH 1 and ETH 2.0 is a lot of extra work and adds many more attack vectors so having to lock up funds is the only option. Unlike a Ponzi though, when you will finally be able to move your ETH again will happen at the same time when phase 1.5 or phase 2 goes live whereas a Ponzi would be a set period of time from when you deposited your funds so when you get access to your funds again will be different for different users. This way, the Ponzi does its best to ensure that there is time for new users to pay you back. ETH 2.0 on the other hand doesn’t need to do this so anyone can lock up their ETH whenever and they day they will be able to move it again will be when the functionality for transactions will be added to ETH 2.0. Also, ETH staking offers you a yield on your Ether, not a guaranteed yield in dollars. This is an important distinction to make as it means that the returns in dollars are not guaranteed. Finally, with ETH 2.0, your returns themselves aren’t guaranteed since you could get slashed if you act maliciously on the network or if your staking node is offline a lot. Anyway, stay safe out there and remember, if things seem too good to be true, they probably are.
Rarible (RARI) | Governance Token for One of the Largest NFT Marketplaces (sub $750k mcap)
Hey guys, Last week, I wrote up a post on Dev Protocol (DEV) which got a bit of traction. Now, I'd like to share another low mcap project I've been looking at: Rarible (RARI). It's a goodie that's been flying under the radar. About Rarible (RARI) You may have heard of Rarible already. It's one of the leading platforms for buying and selling digital collectibles. It's super active with a strong, grassroots user base. See for yourself—tons of cool NFTs are currently being sold on the Rarible marketplace. They can be minted by anyone with absolutely no coding knowledge required whatsoever. Some of the top sellers have made upwards of 70+ ETH on the platform from their digital art. Two weeks ago, Rarible issued its own token called RARI. Currently, it has a market capitalization of just under $750,000. Some things to know about RARI:
RARI is the first governance token in the NFT space.
Rarible is transitioning into a decentralized autonomous organization (DAO) and RARI holders will make decisions on various topics such as distribution of fees, token burns, moderation and more.
RARI is already accepted as a method of payment on the leading P2P marketplace for digital items, Open Sea. We can expect other integrations soon.
The RARI concept "brings together collectibles, yield farming, and liquidity mining."
Some other stuff in the pipeline: A NFT market index (to invest in the most valuable collectibles), a mobile app, social media features, more types of content (AR+VR+Metaverse+3D), DeFi NFTs & fractional ownership, and more.
689,313 RARI is currently circulating with a market capitalization of $713,000 at the time of writing. Token emission happens weekly: 75,000 RARI is distributed every week to all buyers and sellers on Rarible. However, most are HODLing because Rarible users want to participate in governance and see long-term value.
[OFFER] £15/22.50 EUR with Luno - £10/15 EUR from them and £5/7.50 EUR from me (Worldwide except US)
£15/22.50 EUR with Luno - £10/15 EUR from them and £5/7.50 EUR from me (Worldwide except US) Luno are a cryptocurrency trading and investing platform, offering quick and easy purchases of Bitcoin, Ethereum and XRP. They're currently offering £10/15 EUR in BTC for your first purchase of £100/250 EUR or more of Bitcoin. I'm offering an extra £5/7.50 EUR on top of that via Revolut, PayPal or crypto for a total of £15/22.50 EUR. You can withdraw or exchange the £10/15 EUR bonus straight away. The offer is available in any of the countries listed on this page. Steps
Comment $bid on the post and I'll send you my referral link.
Verify your identity once you've created your account.
Enter my referral code in the Rewards page online or in the app.
Purchase £100/250 EUR or more BTC, paying by card or bank transfer. Card is quickest but has more fees.
You'll see £10/15 EUR in BTC deposited in your wallet within a few minutes of completing the purchase.
You can use the Luno Exchange to sell, exchange or withdraw the BTC to save on fees.
I'll send the extra £5/7.50 EUR once you let me know that you're done :)
3,1% Daily Return Algorithm Bot Trading - 3Commas Case Study
I have made 3,1 % daily the last week using 3Commas Gordon trading bots (Link to proof) and would love to share my story and maybe inspire someone else to get started. I was curious whether a complete trading newb like me would be able to profit from the Gordon trading bots that 3Commas offer on their platform. Well so far, I have had great success with the platform and would love to share my experience during the free trial period of 3Commas.
Market performance in test period
Okay so cross referencing whether I’ve been better off just buying BTC and HODLING? In the period where I started from the 29th of July until the moment of writing this BTC only increased 1,38% meaning I outperformed the market with 7,07% (Portfolio Performance)! Great news and my USD portfolio AND BTC value increased significantly.
Benefits of trading bots
· Bots make it easy to enter the industry (Since you are not actively managing or updating the algorithms, which can get quite complex) · Ensuring efficiency across the board (Bots never sleep and don’t make mistakes) · Trading on a 24-hour basis (Especially useful in the crypto space since the markets never close unlike the stock exchange) · Removing emotions from the equation (You won’t make the emotional YOLO all-in on a crypto/stock that you subjectively like over other, the bot simply follows algorithms and orders and execute)
How to get started?
You can sign up to 3Commas here (Affiliate Link) for your own free 3 days trial period and if you choose to extend you will get a 10% discount and I will get a small commission, so win-win :-). I made a combination of two composite Gordon bots. A Binance BTC Conservative strategy (Safe & Slow) (50%) of portfolio and a Binance BTC Aggressive (Riskier & Fast) (50%) of portfolio. The aggressive bot was outperforming the conservative bot in terms of profit, but of course is more subdue to big volatility.
What exchange? Binance
3Commas integrated perfectly with Binance and they are a trusted exchange with low fees. The base fee for trades on Binance is 0.1% for makers and takers. You can reduce that by 25% (that is, to 0.075%) if you hold BNB on Binance, so this is definitely a trick I recommend!. If you don’t have a Binance account you can sign up here (Affiliate Link) and we both get 10% of each other’s trading volume (You will benefit from my continued trades on Binance).
I would love to help anyone interested in getting started with this as it seems like a great passive income stream as I used 15 minutes per day on this bot and earned 0,01 BTC ≈ 112 USD.
The fee schedule below provides the applicable rate based on the account's 30-Day Volume and if the order is a maker or taker. Bittrex Global Fee30 Day Volume (USD)MakerTaker$0k - $50k0.2%0.2%$50k - $1M0.12%0.18%$1M - $10M0.05%0.15%$10M - $60M0.02%0.1%$60M+0%0.08%>$100MContact TAM representative Trading expenses are incurred when an order is prepared by means of the Bittrex worldwide matching engine. While an order is being executed, the purchaser and the vendor are charged a rate primarily based on the order’s amount. The fee charged by Bittrex exchange is calculated by the formula amount * buy rate * fee. There aren't any charges for placing an order which is not being executed so far. Any portion of an unfinished order will be refunded completely upon order cancelation. Prices vary depending on the currency pair, monthly trade volume, and whether the order is a maker or taker. Bittrex reserves the right to alternate fee quotes at any time, including offering various discounts and incentive packages.
Your buying and selling volume affects the fee you pay for every order. Our expenses are built to encourage customers who ensure liquidity in the Bittrex crypto exchange markets. Your buying and selling charges are reduced according to your trade volume for the last 30 years in dollars. Bittrex calculates the 30-day value every day, updating every account's volume calculation and buying and selling charge between of 12:30 AM UTC and 01:30 AM UTC every day. You can check your monthly trade volume by logging in and opening Account > My Activity. https://preview.redd.it/n1djh2ob4zh51.jpg?width=974&format=pjpg&auto=webp&s=2eebb9c9ac63de207c4dd2e49bc45aeb53a8dec8
6. Withdrawing Funds
Withdrawing any type of funds is likewise simple. You can profit by buying and selling Bitcoin, Ether, or any other cryptocurrency. You determine the crypto address—to which the amount will be credited—and the transaction amount. The withdrawal fee will be automatically calculated and shown right away. After confirming the transaction, the finances will be sent to the specified addresses and all that you need to do is to wait for the community to confirm the transaction. If the 2FA is enabled, then the user receives a special code (via SMS or application) to confirm the withdrawal.
7. How to Trade on Bittrex Global
Currency selling and buying transactions are performed using the Sell and Buy buttons, accordingly. To begin with, the dealer selects a currency pair and sees a graph of the rate dynamics and different values for the pair. Below the chart, there is a section with orders where the user can buy or sell a virtual asset. To create an order, you just need to specify the order type, price, and quantity. And do not forget about the 0.25% trade fee whatever the quantity. For optimum profit, stay with liquid assets as they can be quickly sold at a near-market rate effective at the time of the transaction. Bittrex offers no referral program; so buying and selling crypto is the easiest way to earn. https://preview.redd.it/hopm6fih4zh51.jpg?width=1302&format=pjpg&auto=webp&s=68c0aaae86f64c3e6b9d351c3df2a9c331f94038
Bittrex helps you alternate Limit and Stop-Limit orders. A limit order or a simple limit order is performed when the asset fee reaches—or even exceeds—the price the trader seeks. To execute such an order, it is required that there's a counter market order on the platform that has the identical fee as the limit order.
Differences between Limit Order and Stop Limit Order
A stop limit order is a mixture of a stop limit order and a limit order. In such an application, charges are indicated—a stop charge and the limit.
Let’s discuss how you could trade conveniently with our service. The key features include a user-friendly interface and precise currency pair statistics (timeframe graphs, network data, trade volumes, and so forth). The platform’s top-notch advantage is handy, easy-to-analyze, customizable charts. There is also a column for quick switching between currency pairs and an order panel beneath the fee chart. Such an all-encompassing visual solution helps compare orders efficiently and in one place. You can use the terminal in a day or night mode; when in the night mode, the icon in the upper-right corner changes and notice the Bittrex trading terminal in night mode is displayed. The main menu consists of 4 sections: Markets, Orders, Wallets, Settings. Markets are the trade section. Bittrex allows handling over 270 currency pairs. Orders. To see all open orders, go to Orders → Open. To see completed orders, go to Orders → Completed. Wallets. The Wallets tab displays many wallets for all cryptocurrencies supported by the exchange and the current balance of each of them. After refilling the balance or creating a buy or sale order, you will see all actions in the section. Bittrex allows creating a separate wallet for every coin. Additionally, you can see how the coin price has changed, in terms of percentage, throughout the day. Here’s what you can also do with your wallets:
Hide zero balances: hide currencies with zero balance
Green and red arrows: replenish balance/withdraw funds
Find: search for a cryptocurrency
The Settings section helps manage your account, verification, 2FA, password modification, API connection, and many more.
How to Sell
The process of selling crypto assets follows the same algorithm. The only difference is that after choosing the exchange direction, you need to initiate a Sell order. All the rest is similar: you select the order type, specify the quantity and price, and click Sell *Currency Name* (Sell Bitcoin in our case). If you scroll the screen, the entire history of trades and orders will be displayed below.
LONG and SHORT
You can make a long deal or a short deal. Your choice depends on whether you expect an asset to fall or rise in price. Long positions are a classic trading method. It concerns purchasing an asset to profit when its value increases. Long positions are carried out through any brokers and do not require a margin account. In this case, the trader’s account must have enough funds to cover the transaction. Losses in a long position are considered to be limited; no matter when the trade starts, the price will not fall below zero with all possible errors. Short positions, in contrast, are used to profit from a falling market. A trader buys a financial instrument from a broker and sells it. After the price reaches the target level, the trader buys back the assets or buys them to pay off the initial debt to the broker. A short position yields profit if the price falls, and it is considered unprofitable the price matches the asset value. Performing a short order requires a margin account as a trader borrows valuable assets from a broker to complete a transaction. Long transactions help gain from market growth; short from a market decline.
Trade via API
Bittrex also supports algorithmic trading through extensive APIs (application programming interface), which allows you to automate the trading process using third-party services. To create an API key, the user must enable the two-factor authentication 2FA, verify their account, and log in to the site within 3 minutes. If all the requirements of the system are fulfilled, you can proceed to generate the API key. Log in to your Bittrex account, click Settings. Find API Keys. Click Add new key (Create a new key). Toggle on / off settings for READ INFO, TRADE, or WITHDRAW, depending on what functionality you want to use for our API key. Click Save and enter the 2FA code from the authenticator → Confirm. The secret key will be displayed only once and will disappear after the page is refreshed. Make sure you saved it! To delete an API key, click X in the right corner for the key that you want to delete, then click Save, enter the 2FA code from the authenticator and click Confirm.
Bittrex Bot, a Trader’s Assistant
Robotized programs that appeared sometimes after the appearance of cryptocurrency exchanges save users from monotonous work and allow automating the trading process. Bots for trading digital money work like all the other bots: they perform mechanical trading according to the preset parameters. Currently, one of Bittrex’s most popular trading bots is Bittrex Flash Crash Buyer Bot that helps traders profit from altcoin volatility without missing the right moment. The program monitors all the market changes in the market every second; also, it even can place an order in advance. The Bittrex bot can handle a stop loss—to sell a certain amount of currency when the rate changes in a favorable direction and reaches a certain level.
8. Secure Platform
Bittrex Global employs the most reliable and effective security technologies available. There are many cases of theft, fraud. It is no coincidence that the currency is compared to the Wild West, especially if we compare the 1800s when cowboys rushed to the West Coast of America to earn and start something new in a place that had no rules. Cryptocurrency is still wild. One can earn and lose money fast. But Bittrex has a substantial security policy thanks to the team’s huge experience in security and development for companies such as Microsoft, Amazon, Qualys, and Blackberry. The system employs an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for extra safety. Bittrex Global also enables the two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection. Bittrex cold wallet: https://bitinfocharts.com/en/bitcoin/address/385cR5DM96n1HvBDMzLHPYcw89fZAXULJP
Bittrex Global is a reliable and advanced platform for trading digital assets with a respected reputation, long history, and active market presence and development nowadays. The exchange is eligible to be used globally, including the US and its territories. The legal component of Bittrex Global is one of the most legitimate among numerous crypto-asset exchanges. The Bittrex team has had great ambitions and managed to deliver promises and more. The exchange staff comprises forward-thinking and exceptional individuals whose success is recognized in the traditional business and blockchain sector. Bittrex's purpose is to be the driving force in the blockchain revolution, expanding the application, importance, and accessibility of this game-changing technology worldwide. The exchange fosters new and innovative blockchain and related projects that could potentially change the way money and assets are managed globally. Alongside innovation, safety will always be the main priority of the company. The platform utilizes the most reliable and effective practices and available technologies to protect user accounts. Bittrex customers have always primarily been those who appreciate the highest degree of security. Because of the way the Bittrex trading platform is designed, it can easily scale to always provide instant order execution for any number of new customers. Bittrex supports algorithmic trading and empowers its customers with extensive APIs for more automated and profitable trading. One of the common features which is not available on the exchange is margin trading. No leverage used however adds up to the exchange's stability and prevents fast money seekers and risky traders from entering the exchange. Bittrex is a force of the blockchain revolution and an important entity of the emerging sector. The full version First part Second part
[OFFER] 20 EUR with Bitpanda - 15 EUR from them and 5 EUR from me (Worldwide except US)
20 EUR with Bitpanda - 15 EUR from them and 5 EUR from me (Worldwide except US) Bitpanda offer a platform allowing you to buy, sell, exchange and invest in not only cryptocurrencies, but also previous metals such as gold. They have a full exchange available as well. They're currently offering 10 EUR in cash for your first trade of 25 EUR, and an exta 5 EUR in BEST for completing a short quiz. I'm offering an extra 5 EUR on top of that via Revolut, PayPal or crypto for a total of 20 EUR. You can withdraw your deposit and the 15 EUR bonuses straight away. Steps
Comment $bid on the post and I'll send you my referral link.
Verify your identity once you've created your account.
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KuCoin - The Best Trading Platform For Cryptocurrency Projects
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