Binance’s Bitcoin ‘Bid-Ask Spreads’ Tighten due to ...

Philly's Weekly Watchlist [LONG]

Since a few people appreciated my list last week figured I'd drop it again for everyone not just the few people that I constantly chat with
8/2 WEEKLY WATCHLIST
[P.S. Only enter positions you feel the most comfortable with. Your money is your soldier only send him into the battle you think you'll win. Some of these I have taken positions. Some I am looking to take positions. I've posted how many shares I own of what multiple times ]
💸PENNIES💸
[💎-Long time gold][⁉️-Could go both ways][🚀Rocket Emoji-I think this is gonna shoot up][🔥-This is a HOT pick][⚠️-Already ran a bit be careful][👀-Watching this one closely]
🚀💸PENNYS💸🚀
$AMTX - Golden triangle. Looks to still have fuel in the rocket. $1.10-$1.15 imo isn't a bad entry. $1.12 is the WEEKLY support. Overall support is a freefall to $0.80 I expect a $1.40-$1.45 run. PR on Tuesday⚠️👀[Rocket Emoji]🚀
$BNGO - Big virtual booth Aug 4-5th. Huge biotech upcoming company. Support at $0.74 & $0.65. Resistance at $0.82 than $0.95. This could rip up with the right volume👀🔥 [Rocket Emoji]🚀
$AIM - Web conference Monday 1:30EST. I honestly see this hitting $5 in the long future but should run up Friday into Monday. About 70% shareholders are breakeven or at a loss. Decent support at $2.72. Godly support at $2.44. Resistance at $3/$3.35.💎🔥👀[Rocket Emoji]🚀
$ATNM - Balance sheet shows easily enough money for another quarter without an offering. Earnings Aug 7th. [Estimated 56% growth]. Sabby is playing with this[scary] but this monster "should" RIP UP! Support is $0.52-$0.54. Weak support at $0.57. Resistances at $0.61/$0.64/$0.68🔥👀[Twitter pumping this too]
$BKYI - African Contracts need to be finalized and this is gonna ZOOM ZOOM ZOOM! Had a single buyer with a 200k share bid at $0.75. Looks like it made a new support at $0.69 off old resistance levels. Seems to be rough resistance at the $0.71-$0.74 range . After that could run $0.77-$0.82🔥👀[Rocket Emoji]🚀 $BIOC - Insider buys 7/14 of 20k shares. Bullish uptrend. Decent support at $0.68, $0.63 $0.60. DEC 7th until for compliance. So decent amount of time still. I'm bullish AF to $0.80 Maybe $1. Broke $0.725 resistance. Talks of a RESPLIT THOUGH! 6/25 Golden Cross![Chart if you wanna see just ask]
$CHEK - 70% of shareholders at a lose. Mad support at $0.53 area. Above $0.61 I'd be super bullish. I see an ascending triangle. This baby wants to break out.Macd is setup perfectly. Volume Friday smacked it up. This company is REALLY dedicated to pushing for $1 for conpliance!🔥💎👀
$IZEA - AUG 18th Webinar. Tiktok partnership RUMOR?!?! Insane Support at $1.02. Small resistance at $1.47 I see resistances at $1.66👀🔥⚠️[Rocket Emoji]🚀🚀🚀
$SXTC - 99% Shareholders breakeven or at loss. Had Insane support at $0.40-$0.40 and broke down. New support is $0.36. Something tells me this is an EASY gap up to $0.42-$0.44 Low float🔥[Rocket Emoji]🚀
$JFU - UNGODLY OVERSOLD 90% Shareholders breakeven or at a loss. MACD setup on daily. Should EASILY gap up to $2.40-$2.60. BITCOIN PLAY🔥[Rocket Emoji]🚀
$MARA/$RIOT -BTC Plays. Mara imo is the better option. They are debt free vs RIOT 200m debt👀🔥⚠️ [Rocket Emoji]🚀
$ENZ- Has FDA approval noone else has this test. Monopoly. Schools testing. State colleges already buying them.98% shareholders are breakeven or loss! REVENUE UP 121% IN 2019. Looks to be at support at $2.35 beyond that around $2.08. Resistainces sitting at around $2.55 and $2.70.👀
$MYT - $0.40 Offering price. I wouldnt mind getting it around $0.38-$0.42. US store in trial phase.
$DLPN - FORSEE a HUGE gap up here! Support at $0.82 than a freefall to $0.49. SMALL resistance at $0.91. Than resistance at $1/$1.07. Had an offering at $1.05 2months ago.Only scarey thing is they might split due to compliance👀[Rocket Emoji]🚀
$LPCN - FDA Approval Aug 28th. This has been a CONSTANT RUNNER 💎🔥[Rocket Emoji]🚀
$BOXL - Offering closed Friday. PR is imminent. 99% Shareholders are at a LOSS! Chart looks like a BULLISH pennant.$2.20 is OKAY support. $1.70 is pretty strong support. $2.30 looks like the first soft resistance. $2.45 gets broken we could see a $3 Run👀
$ONTX - Made compliance on Friday. Massive support at $1.12. Dropping Twitter PR like wildfire. Resistance seems to be in $0.05 invervals starting at $1.20. Afte $1.45 Its a straight RIP up to $2.65👀[Rocket Emoji]
$IDEX - Looks like old$1.38-$1.40 Support is being rebuilt. Bullish as hell if this breaks $1.51. Earnings August 11th🔥👀[Rocket Emoji]🚀 💰HONORABLE MENTIONS💰 : $VERB - [Offering at $1.10 good around that price]$NAK $UAVS $MVIS $GAU[Gold mine]🔥 $PZG[Gold mine]🔥$JAN🔥👀
💰Non-Pennys💰
$MGM - EPS was BETTER than projected. Revenue in the gutter. Didn't have the sell off i thought. Still a good price LONG. MGM is 1/3 casinos with liscensing in Japan. By 2030 this should be a $40-$45 ticker💎🔥⚠️👀 [Rocket Emoji]🚀
$CZR aka $ERI - COME BACK KING! Hasnt been this cheap since 2017. THIS SHOULD RUN UP to $35-$38 shortly. Biggest casino/hotel chain in the WORLD after buying out caesars. Should be $70-$100 ticker by 2030-2035💎🔥⚠️👀 [Rocket Emoji]🚀
$O - MONTHLY dividend. [5% yearly] GREAT LONG term investment. 💎
$JMIA - Monthly MACD Setup so perfectly for this, Has been running lately but no where near pre-rona levels. HOPING FOR A SELL OFF TO TAKE A POSITION. Offering at $8.59 BUT its a shelf offering which means they don't have to sell it currently. This could drop down to that or continue its run until the offering block is dropped.👀⚠️🔥
$CNTG - Around 80-90% shareholders BREAKEVEN or at a LOSS!600 USA school+3 german airports so far.US mobile semi truck lab. So oversold its asking for change!🔥[Rocket Emoji]🚀
$WIMI - $8 OFFERING. I LOVE OFFERING plays without mass dillution<3 🔥💎 👀[Rocket Emoji]🚀
$SPAQ - Tons of pre-orders aka free revenue without advertising. This should take off like NKLA did eventually. 4hr chart approaching oversold. 94% Of shareholders at breakeven or loss! $10.60 is a strong af support. $13.95 is the first real resistance. If this breaks the $12.45/50 range SUPER bullish. Fisker dropping mad PR Hints on twitter 🔥👀[Rocket Emoji]🚀
🔥🌾Gold/Silver🌾🔥
$AGC - 2x silver. Aka silver -1% AGC -2%. This is a day or swing trade. Depreciates🔥
$SLV - Long term silver hold🔥 $JNUG - 2x Gold/Silver Junior Miners 🔥
$NUGT - 2x Gold/Silver Miners🔥
$GLD - Long term gold holds👀🔥
🔮BET AGAINST THE MARKET🔮
$SPXS - 3X Inverse of SPY [The overall market] Spy +1% SPXS -3%. Spy -3% SPXS +9%
$VXX - Fear index/Volatility Index. This goes up with market feaunsurity. USUALLY inverses $SPY🚀🚀
Newfilter.io [USE THIS SITE, LOVE THIS SITE, BEFRIEND THIS SITE] It gives live news [1-5mins delayed]. I refresh the FDA approval constantly and the latest news pretty often
PS. I have CALLS for $VXX [I believe market volatility/unsurity is going to SPIKE high as hell this week the longer the feds take with unemployment stimulus and the stimulus in general]
I have put spreads on $SPY I believe $SPY is going to drop for the above reason
submitted by Philly19111 to pennystocks [link] [comments]

Jackpot City Casino 25 free spins bonus on Immortal Romance (Exclusive)

Jackpot City Casino 25 free spins bonus on Immortal Romance (Exclusive)

Jackpot City Casino Gratis Spins and Free Bonuses
If you are a new player to Jackpot City Casino, then take advantage of 25 free spins on Immortal Romance! This is an exclusive welcome bonus on of $1600 free cash bonus.
>> Get Free Credits Now >>

Jackpot City Casino Full Review

Jackpot City Casino is an international gaming site which includes nearly 500 online casinos, mobile casino, live dealer games, and lottery-style games. Jackpot City is compatible with desktop or mobile software, so customers can play using an Android phone, iPhone, iPad and Windows PC. Players also can bet in the web browser without a download. Jackpot Casino City is licensed by the Malta Gaming Authority and the Kahnawake Gaming Commission.
Jackpot City Casino provides a $1,600 welcome bonus for new players. This cash is spread over your first 4 deposits, which makes it easy to collect the full bonus. Jackpot City accepts all major credit cards, as well as e-Wallets like Skrill and Neteller. Payouts are fast by industry standards, while every transaction use 128-bit SSL encryption technology.

Jackpot City Casino Review Summary

Jackpot City Casino is a long-established and trusted online casino. The site was launched in 1998, so it has a 20-year history of satisfying customers with cutting-edge games and reliable payouts. Though it’s old by industry standards, in our Jackpot City Casino review we noticed that it provides the trendiest games on the market today: live baccarat, roulette, and blackjack dealers.
Jackpot City Casino uses Microgaming and Evolution Gaming software to present the games, so the casino has nearly 1,000 popular games. Players can play progressive slots with over $6 million in jackpots or choose from over 40 variations of blackjack and over a dozen forms of roulette.
Jackpot City Live Casino has 8 different live dealer games, including two live baccarat games and two live table poker games. Mobile players can play over 150 casino games, including Microgaming’s best online blackjack and roulette. Jackpot City Casino’s mobile slots list includes some of the most popular video slots in the world, including progressive jackpot slots and licensed slots.
Bonus Amount: $1,600
Platforms Supported: Microsoft and Windows.
Type of Casino: Online, Download, Instant Play, Mobile.
Number of games: 1,000+
>> Get Free Credits Now >>

Payment and Processing Information

Jackpot City Casino has a tremendous number of deposit and withdrawal methods. If you have a single preferred method of payment, the chances are great that Jackpot City Casino supports it. When it’s time to withdraw your winnings, JackpotCity has a pending time of a day or two. Keep in mind that individual payment methods have their own delays.
Read through the expected delivery times to determine which is the best payment method for you.
WITHDRAWAL
  • Methods: MasterCard, Visa, Visa Delta, Visa Electron, NETELLER, PayPal, Skrill, Moneta.RU, Transferencia Bancaria Local, WebMoney, ecoPayz, eKonto, Postepay, Qiwi Wallet, EntroPay, iDebit, InstaDebit, Yandex, Check/Cheque, eCheck, Courier Check, Bank Wire Transfer, Direct/Local/Fast Bank Transfers, and EFT (Wire Transfer).
  • Limits: $4,000 Euros per week withdrawal limit. VIP players should negotiate withdrawal terms with the cashier.
  • Expected Withdrawal Times:24 to 48-hour pending process.
    • EWallet cashouts: 24 to 48 hours.
    • Credit Card and Debit Cards: 2 to 6 days.
    • Bank Transfers 3 to 7 business days.
    • Cheques arrive in 14 to 21 days.
DEPOSIT
  • Methods: MasterCard, Maestro, Visa, Visa Delta, Visa Electron, NETELLER, PayPal, Skrill, Skrill 1-Tap, iDeal, Paysafecard, Trustly, Citadel Instant Banking, Postepay, Abaqus, Euteller, mpass, Neosurf, Pago en Efectivo, todito Cash, GiroPay, MB Multibanco, MoneySafe Prepaid Card, Qiwi Wallet, Transferencia Bancaria Local, AstroPay Card, Boleto Bancario, Przelewy24, Reverse Withdrawal Request, SEB Bank: Direct Bank Transfer, DineroMail, eps, ecoPayz, Moneta.RU, eKonto, EntroPay, iDebit, InstaDebit, WebMoney, Payforit, Teleingreso, Yandex, Bank Wire Transfer, eCheck, and Direct/Local/Fast Bank Transfers.
  • Limits:No deposit limits are imposed.
  • Expected Deposit Time: Instant. Deposits should appear in your account instantly.
VIP LEVEL WITHDRAWAL LIMITS
Jackpot City Casino offers different withdrawal limits, depending on the VIP level the player attains. Jackpot City Casino’s Loyalty Programme is a 6-tier program based on the collection of loyalty points. From blue level to diamond level, each time you reach a new plateau, you’ll receive benefits, including 5% to 20% tier bonuses, personal account managers, and higher withdrawal rates.
Jackpot City Casino’s Loyalty Programme accumulates points for all the Cityviews Group websites, including Spin Palace, Ruby Fortune, and Mummy’s Gold Casino.
GENERAL INFORMATION
  • Limits Increased: Yes. The default withdrawal limit is €4,000 per week.
  • Customer Support: 1-800-890-3304
  • Email Address: [email protected]
  • Phone number: +44-800-917-8547
  • Response Time: Inquiries responded to instantly via Live Chat. Withdrawals within 48 hours.
  • Live Chat: Yes.
  • Languages: English, Spanish, French, German, Swedish, Norwegian, Finnish, Polish, English (EU), Latvian, Bulgarian, Czech, Danish, Dutch, Greek, Italian, Japanese, Portuguese (Brazilian), and Turkish.
>> Get Free Credits Now >>

Jackpot City Live Casino Games

Jackpot City Live Casino is powered by Evolution Gaming Live, the leading live dealer provider in the online casino industry. Jackpot City Casino Live features 8 different table games. The list includes multiple tables of Live Blackjack, Live Baccarat, and Live Roulette, so players can bet at limits appropriate to their bankroll. Players also can play live dealer versions 3-Card Poker, Caribbean Stud, Ultimate Texas Hold’em, Dream Catcher, and Baccarat Squeeze.

Live Dealer Blackjack

In the live dealer blackjack tables, players will be able to find two types of blackjack variants: Classic Blackjack and Party Blackjack.
  • Available Blackjack Tables: Only 2 tables, each with 7 seats, but has the “Bet Behind” feature, meaning you can bet on other players’ hands until you’re seated.
  • Betting Limits: £/€/$25 to £/€/$300

Live Dealer Roulette

Classic European Roulette, French Roulette, Double Ball Roulette, Speed Roulette, Dual Play Roulette, and Mini Roulette. Live dealer tables have multiple camera angles, so you get the action you want in real-time.
  • Available Roulette Tables: 24 in total, but the number of open tables depends on the time of day.
  • Betting Limits in General: £/€/$10 to £/€/$500

Live Dealer Baccarat

Playing live dealer games eliminates the need for random number generators and video simulations. This is the way baccarat is meant to be played, with real card decks. Players will be able to find live dealer Punto Banco and Baccarat Squeeze at Jackpot City Casino.
  • Available Baccarat Tables: 35
  • Betting Limits: £/€/$1 to £/€/$500

Live Dealer Poker

At Jackpot City, players will be able to find three types of live dealer poker, including Three Card Poker, Caribbean Stud Poker, Live Ultimate Texas Hold’em Poker. In live dealer, poker gamblers have the easy controls and hand histories, combined with the camaraderie and excitement of real-life poker casino gaming.
  • Available Poker Tables?: 1
  • Betting Limits: £/€/$1 to £/€/$1000

Live Dream Catcher

Dream Catcher is a spinning wheel game. Live hostesses spin a wheel of fortune with various prizes on the wheel. If you play slot machines a lot, then Dream Catcher is similar to the U-Spin bonus games on a Bally Technologies slots or IGT’s Wheel of Fortune bonus game.
  • Available Dream Catcher Tables: 1
  • Betting Limits: $0.10 to $1,000
>> Get Free Credits Now >>

Jackpot City Bonuses and Promotions

JackpotCity Casino has a $1,600 deposit bonus, a bitcoin bonus, daily and weekly bonuses, and a loyalty program fit for penny players and high rollers alike. JackpotCity Casino’s bonuses and promotions are competitive with other international online casinos. The first bonus you’ll receive is realistic, while the rollover requirements are better than most online casinos. Players even are allowed to play blackjack and video poker to satisfy the wagering requirements.

$1,600 Deposit Bonus

The main deposit bonus at JackpotCity Casino is $1,600. This welcome bonus offers 100% up to $400 on your first four deposits, making it an attainable offer which many customers should have a realistic chance of maxing out. The playthrough requirement is 50x the bonus.
Games that have wagering requirements:
  • Video Poker
  • Blackjack
  • Roulette
Games excluded from the wagering requirement are Craps, Baccarat, Table Poker, Casino War, Red Dog, and Sic Bo.

Deal-a-Day Bonuses

The Deal-a-Day Bonus renews every 24 hours. On your first deposit of the day, no matter what day of the week it is, you’ll receive a special deposit bonus.
These deals change all the time, but there are several important things to remember:
  1. You receive a bonus anytime you make a single deposit in the day.
  2. If you plan to make one deposit in a week, check the current Deal-a-Day bonus list to see which daily bonus you prefer.
  3. If you plan to make multiple bonuses in a day, make sure your first deposit of the day is the biggest, because that’s when you’ll get the biggest advantages.

Special Bonuses

JackpotCity Casino also has country-specific bonuses, birthday bonuses, and special holiday bonuses. Again, these are tailored to fit your country of residence, so it’s impossible in a short space to list all the promotions. Most of these are unannounced giveaways. When you sign up, ask the Jackpot City cashier about special bonuses.

Jackpot City VIP Club

The Jackpot City VIP Club has a number of advantages, including tier bonuses at 5 different levels and the ability to trade loyalty points for cash. You can use loyalty points to buy freerolls into lucrative tournaments. To advance to the next VIP level, you’ll need to accumulate loyalty points. Every 10 credits you receive become 2 to 3 Loyalty Points, depending on the types of games you’re playing. Slots, keno, and scratchcards are worth 3 loyalty points, while most table games and video poker games are worth 2 loyalty points. Players receive auction points alongside loyalty points, which can be used to bid on Jackpot City Casino merchandise.
>> Get Free Credits Now >>

Games Offered at Jackpot City Casino

Jackpot City Casino has a comprehensive set of online casinos games. Microgaming designed all the online slots, video poker, and table games, so the list of online blackjack and roulette is huge. Microgaming has one of the largest collections of slots titles, with over 400 video slots. That includes licensed slots with real clips and soundbites from famous pop culture franchises, along with a long list of progressive jackpot slots. The current biggest jackpot on a JackpotCity Casino progressive slot is over $6 million.

Table Games

Players receive can play several dozen table games at Jackpot City Casino, including multiple versions of baccarat, blackjack, and roulette. Fourteen variations of roulette are available, including European Roulette, American Roulette, and French Roulette. Most versions of roulette include gold series titles with enhanced graphics, while several have VIP and high limit versions for those who prefer high stakes roulette.
  • Baccarat
  • Multiplayer Baccarat
  • Craps
  • Mahjong
  • Sic Bo
  • Pai Gow Poker
  • 3-Card Poker
  • Cyberstud Poker
  • Casino War
  • American Roulette
  • European Roulette
  • European Roulette Gold
  • European Roulette Gold High Limit
  • European Roulette Gold VIP
  • French Roulette
  • French Roulette Gold
  • French Roulette Gold VIP
  • Multi-player Roulette
  • Multi Wheel European Roulette Gold
  • Progressive Roulette Royale
  • Bank Buster Roulette
  • Premier Roulette
  • Premier Roulette Diamond Edition

Blackjack Games

I’ve separated JackpotCity Casino’s list of blackjack games, because it’s notable how many variations are available. If you’re a blackjack player, you can play almost any version of blackjack you prefer.
The list includes Atlantic City Blackjack, which has a return-to-player of 99.74%. You can play European Blackjack Gold or High Streak Euro Blackjack, which have RTPs in the 99.60% to 99.65% range.
If you study the basic strategy charts for those blackjack variants in order to receive the optimal house edge, you can stretch your bankroll at Jackpot City Casino blackjack like few other online casinos. Sign up today to try JackpotCity Casino’s blackjack games.
  • Atlantic City Blackjack Gold
  • Bonus Blackjack Gold
  • Double Exposure Blackjack Gold
  • High Streak European Blackjack Gold
  • Big 5 Blackjack Gold
  • Big 5 Blackjack Multi Hand Gold
  • Blackjack Multihand
  • European Blackjack Gold
  • Hi/Lo 13 European Blackjack Gold
  • Premier Hi/Lo 13 Euro Blackjack Gold
  • Spanish 21 Blackjack
  • Multi-Hand Spanish 21 Blackjack Gold
  • Multi-and Vegas Downtown Blackjack Gold
  • High Stakes Blackjack
  • High Stakes Blackjack Gold
  • Multi Hand Atlantic City Blackjack Gold
  • Multi Hand Atlantic City Blackjack Gold VIP
  • Multi Hand European Black Jack Gold Series
  • Multiplayer Blackjack
  • Multiplayer Blackjack Gold
  • Premier Multi Hand European Blackjack Gold
  • Premier High Streak Euro Blackjack Gold

Video Poker

Blackjack City Casino’s video poker selection includes the essential video poker games, including Jacks or Better, Deuces Wild, and All Aces. All Aces is the version of video poker not included in the wagering requirements, meaning All Aces is considered quite advantageous for the player. Once again, you’ll need to study All Aces video poker strategy charts to optimize your play.
  • All Aces Poker
  • Jacks or Better Video Poker
  • Aces and Faces Poker
  • Deuces Wild Poker
  • Tens or Better Poker
  • Poker Pursuit
  • Double Double Bonus Poker
  • All American

Video Slots

Microgaming online casinos tend to have a huge number of 3-reel, 5-reel, and even 7-reel video slots. Jackpot City Casino is no different. JackpotCity contains the best progressive video slots from Microgaming and licensed slot machines.
JackpotCity Casino also has popular real money online slots like Break da Bank, Lotsaloot, and Rhyming Reels — which all have produced whole series of games, due to their popularity with fans.
Online slots fans can spend a lifetime trying out JackpotCity Casino slots, so get started today.
  • Mega Moolah (Progressive)
  • Major Millions (Progressive)
  • Treasure Nile (Progressive)
  • The Dark Knight (Progressive)
  • The Lord of the Rings (Progressive)
  • Terminator 2
  • Bridesmaids
  • Tomb Raider
  • Jurassic Park
  • Girls with Guns: Jungle Heat
  • Break da Bank
  • Couch Potato
  • Halloweenies
  • Karaoke Party
  • Bridezilla
  • Dino Mite
  • Forbidden Throne
  • Kathmandu
  • Hexaline
  • Lotsaloot
  • Rhyming Reels
  • Wheel of Wealth

Specialty Games

Specialty games is a catch-all category for the games you might not find in a brick-and-mortar casino. The list includes lottery and raffle-style games like real money keno. It also includes arcade games, including what casinos sometimes call “amusement with prizes”.
JackpotCity Casino has examples of lotto games and arcade games. The site also has games based on Ludo, a cross-and-circle game which is similar to Parcheesi (India: Pachisi) or Sorry.
Several are excellent mini-games for bettors who enjoy poker or sports betting.
  • Keno
  • Crown and Anchor
  • Spingo
  • Three-Wheeler
  • Ballistic Bingo
  • 75-Ball Bingo
  • 75-Ball Bingo (Swedish Variant)
  • 90-Ball Bingo
  • Boxing Bet (Ludo)
  • Cash Matrix (Ludo)
  • Cops and Robbers (Amusement with Prizes)
  • Flip Card (Scratch Game)
  • Fruitopia (Bingo Mini Game)
  • Lady Luxor (Amusement with Prizes)
  • Pharaoh’s Gold (Bingo Mini Game)
  • Roulette Stax (Amusement with Prizes)
  • Scratch Card (Scratch Game)
  • Slots-n-Robbers (Bingo Mini Game)
  • Spot Kick (Ludo)
  • Touchdown Glory (Ludo)
  • Vegas Vega (Bingo Mini Game)
>> Get Free Credits Now >>

Conclusion

Jackpot City Casino has a huge selection of games, so any online casino bettor should be satisfied. Online slots players have hundreds of options, including some of the biggest progressive jackpot slots on the Internet. Those who like licensed slots can play world famous games, while old school players who like 3-reel classics should be satisfied. Table game players should be thrilled with the selection, especially if they play Roulette or Blackjack. The video poker category leaves a little something to be desired, but all the essential video poker games are available. The specialty games list is full of surprises. The VIP player rewards program provides big cashback bonuses and rewards points with several advantages.
Jackpot City Casino is one of our recommended online casinos, so sign up, deposit, and play at Jackpot City casino to enjoy hundreds of slots and all the top table games. Whether you enjoy online or live dealer casino games, Jackpot City Casino is your choice. And if you’ve never tried Evolution Gaming live dealer games, sign up and test your skill at one of Jackpot City Casino’s great live dealer tables.
submitted by freespinsmobile to u/freespinsmobile [link] [comments]

Water Currency

Hello!
I am the creator of WaterCurrency and I've been inspired to create something new in the Cryptocurrency world :D
I am developing a Cryptocurrency backed by Water!
This post is a small poll to actually know what you guys think, since you'd be the major users of this project :)
(To be honest it's entirely dedicated to you guys!)
WaterCurrency is a coin pegged to the price of 1 Liter of Water and will be adjusted with Ask-Bid spread once it takes off :)

The reason:

I wanted to create a Currency which can be considered stable enough to withstand many events:
Gold is the commodity #1 in our world, followed by Silver.
When bad things happen both of these metals gain value because people don't trust standard FIAT money anymore.
Nowadays a new opponent has arisen: Bitcoin.
What is Bitcoin?
Bitcoin is a cryptocurrency not owned by anyone: a Peer-to-Peer money exchange network without a middleman.
Bitcoin is a service commodity whose intrinsic value depends on its ability to create value by performing some complex hashing procedures; many people however believe that Bitcoin doesn't really have any intrinsic value since it's not backed by Gold or Silver and it's made out of "Thin Air".
Certainly during a crisis period Bitcoin will have a rough time to compete against an actual asset like Gold since no one would actually mine Bitcoin's anymore and accept them as payment.
The scenario I imagine is pretty much apocalyptic: famine, diseases and Gov instability.

The proposed solution:

Water is the basis of all life, its intrinsic value persists even during the previously mentioned apocalyptic scenario because any living being on this planet will need water to survive.
Water has a stable price in developed countries and can actually be stored for a very long time since Water doesn't go bad (Source: https://www.healthline.com/nutrition/does-water-expire)
Water can be stored in Glass containers and last a lot, according to Truls Krogh, director of the Department of Water Hygiene at the Norwegian Institute of Public Health even more than your entire lifetime (Source: https://sciencenorway.no/forskningno-norway-watecan-water-spoil/1442835)
A Currency backed by Water means that you can "virtualise" many liters of Water and exchange them for Goods or services or even other Cryptocurrencies if you wish but knowing that the price of water is stable and you can redeem water during Crisis.

Details of the Project:

WaterCurrency starts with 100 000 Coins availability, each one of them is the equivalent of 1 Liter of Water
WaterCurrency has a 3 Decimal precision so you can buy
  1. Liter
  2. Deciliter
  3. Centiliter
  4. Milliliter
The initial supply of 100 000 Coins is calculated with the average household water consumption of 273 Liters per day for a single person.

Fees:

WaterCurrency has very little fees: 0.01 per transaction (proposed, need to evaluate better).

What can I do with it:

You can buy anything you want! WaterCurrency should soon be able to purchase physical and digitals goods by one of our partners.
You can even exchange it for other Currencies such as Bitcoin, Eth, Monero or others!

Conclusion:

Having a currency backed by Water is a guarantee. Water won't go away or go bad if stored properly and can last many years to come, can help you and your family during a financial crisis and can actually help the planet.
The more Water you earn the more you can help one of our partner to plant Trees and actually make this World a bit better :)
And also... It's a Water Currency! How cool is that?! :)

WHAT I NEED:

I'd like to ask you guys to tell me if you are actually interested in this project and if I should carry on and actually make it public.
The Currency is already there and should work correctly once released in production but I need your thoughts, ideas, doubts and whatever you want to tell me!
I'd like to leave you my landing page website and ask you to SIGNUP if you are interested with your email or complete the following Poll if you don't wish to disclose your email.
Thank you in advance to everyone.
___________________________________________________

The site:

https://watercurrency.org/
___________________________________________________

POLL:

Would you use it? Do you like the idea?

View Poll
submitted by albwalb to HydroHomies [link] [comments]

Thursday assorted links

  1. “Thailand’s King Maha Vajiralongkorn has reinstated Ms Sineenat Wongvajirapakdi to her post of royal noble consort, and returned her royal insignia and military ranks, the palace announced on the royal gazette on Aug 29.” Link here, short, and interesting throughout.
  2. Straussian vaccine analysts: “And I don’t think people can use that information responsibly.”
  3. Staff at Hagerstown [Community College] must now go into their offices to work because they can’t access the VPNs.” No support for remote work there!
  4. Morgan Kelly on understanding persistence. That is historical persistence, not the personal quality.
  5. SPACs explainer, though it doesn’t convince me the implicit bid-ask spread/fees on securities offerings and deals will narrow so dramatically. Many of you are asking me about this, but it still feels poorly understood to me.
  6. The Swiss canton of Zug will now accept taxes paid in either Bitcoin or Ether (Bloomberg). Limited to up to 100k, however, and maybe more of a marketing move than a real fiscal validation of crypto as money?
The post Thursday assorted links appeared first on Marginal REVOLUTION.
submitted by Significant-Notice- to marginal [link] [comments]

Market maker: who is it and what function do they perform?

Market makers have become as a key link in the financial markets. There is a misconception that market makers can influence the price of assets. In fact, this statement is far from reality. The main task of a market maker (MM) is to provide liquidity of any asset. If an asset traded on an exchange is provided with sufficient liquidity, the price and spread will be at an adequate level. If there is no liquidity — it will not be profitable to trade an asset, the price will stop at one mark and the spread will expand. So, what exactly do market makers do? Let’s analyze in more detail in this article.

Definition and responsibilities of the market maker

A market maker (MM) is a firm or individual who actively quotes two-sided markets in a security, providing bids and offers (known as asks) along with the market size of each. The profits of the market maker is made up of several aspects:
  1. Payments from the exchange as stipulated in the cooperation agreement.
  2. Spread from the execution of orders.
  3. Speculations and investments.
The SEC regulator explained the functions of the market maker — willingness to buy and to sell an asset on a permanent basis, at a public quote. In other words, maintaining an adequate level of supply and demand, as well as confrontation with the market, for example, selling bitcoin in case of its rapid growth or buying in case of a fall.
In addition, the market maker may act as an intermediary seller or a buyer in case of absence of one of the parties. If you decide to buy or to sell an asset on the exchange and your transaction has passed within a second, the market maker is acting as an intermediary. In this way, the liquidity providers remove unnecessary delays and difficulties in exchanging assets.

Market maker trading process

For example, there is a buyer on the exchange who is ready to buy 100 ETH and there is a seller who is ready to sell 90 ETH. The task of the market maker is to add 10 ETHs and to provide a price to a buyer, for example $200 and for a seller, for example $199. The buyer will pay $20,000 and receive 100 ETH, and the seller will receive $17,910 and give back 90 ETH. The market maker will receive $2,000 for the 10 ETHs and $10 spread, for providing liquidity. The liquidity provider makes a lot of such a trades a day, and as a result has a good profit. However to do this, you need to have an impressive stock of assets to maintain a level between supply and demand. With such not complex machinations, the market maker ensures the efficiency of financial markets, maintaining an adequate price for the asset and the minimum price divergence between exchanges.
Based on the above example, we can think that the activity of a market maker is not complicated and a stable way of earning, in the presence of impressive capital. However, this is not quite true. During time when the market is very volatile, liquidity providers can suffer losses. For example, there is a buyer on the exchange who is willing to buy 100 ETH and a seller who is willing to sell 10,000 ETH. A buyer buys 100 ETHs at $20,000 (price for 1 ETH $200) and a seller gets $19,990 (price for 1 ETH $199), the market maker gets $10 as a spread. At the same time, there are 9,900 ETHs left, which the seller wants to sell, and the market maker, respectively, must buy them back. Having paid $1,970,100 for the entire offer (price for 1 ETH is $199), the liquidity provider will not be able to sell them for the same price. Even if the price drops to $198.5, the total sale price of 9,900 ETH will be $1,965,150, with a loss of $4,950. Considering that the crypto market is famous for its volatility, the price difference may not be 50 cents.
A market maker cannot simply sell the ETHs they receive at a reasonable price for the following reasons:
  1. No one will buy the asset at an unfavorable price, and a sale of 9,900 ETH is likely to have impacted the market.
  2. The exchange’s service agreement states that the market maker cannot simply take and sell the assets, otherwise its services may be refused.
  3. This method can be considered as market manipulation.
Therefore, in a moment of strong volatility market makers simply leave the market, otherwise — it can lead to a serious loss. During high market volatility, it is often impossible to close a position at the right price, due to the lack of liquidity on the exchange. This indicates that the market makers have withdrawn from trading.
It is also possible to track the presence of a market maker on the exchange in the following way: if the spread is narrow and the price of an asset is in a sideways trend, the liquidity provider participates in trading on the exchange. If the spread is wide and the price of an asset is subject to volatility — the market maker has withdrawn from trading. In the same way, you can find out whether there is a market maker at the exchange at all, i.e. whether they resort to its services.
The Market Maker performs vertical market analysis, not horizontal market analysis as ordinary traders do. For the liquidity provider, in addition for buying or selling an asset, the order glass displays pending orders, Take Profit and Stop Loss. This allows you to correctly interpret the mood of the market participants and perform your direct duties as a market maker — to maintain liquidity levels and narrow spreads, as well as to provide large volumes of orders.

Market makers on the crypto market

Market makers in the crypto market are much more in demand than the traditional market and that’s why. If we talk about crypto currencies from the top 10 list — their liquidity is enough to buy or sell a coin almost instantly. However, there are about 3,000 crypto currencies for 2020 and not all of them are liquid.

The process goes like this:

Startup is going to be carried out by IEO (Primary Exchange Offer), a modern analogue of ICO. The stock exchange considers the token and leaves it. After a week, a month, six months the amount of investment in a token is minimal. There are two reasons for this:
  1. A skilled trader, when investing in a new coin, will rely on the order book. As the token is new, even if it is promising, but there are no records of selling and buying, so the trader will refuse to invest.
  2. A significant player has learned about the listing of a new token and its future prospects. It was decided to open a large, long term position, but there is no liquidity, that is, if the position is opened, it will be time consuming.
To avoid such a development, the crypto market should resort to the services of market makers. Liquidity providers may buy a token and artificially “fill” the order book. In fact, this will be a twisted indicator of liquidity and is suitable only for speculative purposes. But 90% of cryptotraders came to this market because of its high volatility, i.e. to earn on price hikes.
For this reason, crypto currencies need the services of market makers for the systematic establishment of the market and attraction of new, professional traders.

Strategies used

As a rule, market makers always resort to ATS (Automated Trading Systems) and HTF-trading (High Frequency Trading). Both systems require very advanced programming skills. In addition, it will require economy knowledge, preferably not minimal, in order to make right assessment of work and potential risks.
Sell-Side strategy — automatic trading systems are used to constantly maintain optimal prices and profit from spreads. It is not rare to have a strategy of placing Buy and Sell orders simultaneously. In fact — a common risk hedging.
HFT or high-frequency trading- is a type of algorithmic trading characterized by a high speed and turnover of capital, as well as short asset holding periods. To become an HFT trader you will need specialized robots and powerful computers as the main task of high-frequency trading is to conclude a lot of transactions in the shortest possible time. With the help of HFT trading market makers must set a quote or the last price and constantly update it.

Conclusion

Market makers are a necessary part of the economy. They do not earn on price movements, but create comfortable and loyal conditions for trading. In the end I would like to tell you about some myths that exist in the network in relation to market makers.

Market makers can affect market quotes

That’s true, however in a slightly different understanding. The task of a market maker is to create the market mood and push its participants to open orders in the right direction. Market makers cannot influence the quotes price for two reasons:
  1. The exchange where the market maker trades, monitors all its operations. In case of intentional influence on the price of the asset, the reaction will be immediate.
  2. This kind of activities are trade manipulations, i.e. they are prosecuted by state regulators, up to including deprivation of license to operate such activities.

Market makers cooperate with each other

At the beginning, I would like to mention that all market makers are competitors, and to disclose their plans to competitors is not a good idea. In addition, it is also punishable by law, up to deprivation of a license to conduct activities.

Most transactions on the platform are initiated by market makers

It’s not a very clear statement. The main profits of a market maker is spreads. How in this case should the liquidity provider earn, if all transactions on the site belong to him?
These are the most popular myths in the network regarding market makers. In the end I would like to add that the work of the market maker — is a complex and time-consuming process, the result of which is a balanced financial market.
Please don’t forget to follow us on Telegram and stay updated! YOUR CRYPTO BOSS
submitted by yourcryptoboss19 to u/yourcryptoboss19 [link] [comments]

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
---------------------------------------------------------------------------------
Follow ColossusXT on:
Twitter
Facebook
Telegram
Discord
Forums
---------------------------------------------------------------------------------
AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
submitted by PioyPioyPioy to ColossuscoinX [link] [comments]

Hackers Created Thousands of Coronavirus (COVID-19) Related Sites As Bait

Hackers Created Thousands of Coronavirus (COVID-19) Related Sites As Bait

https://preview.redd.it/f6ob2qnnikn41.jpg?width=728&format=pjpg&auto=webp&s=bc0bdced62fcaccdc120aa50e18f34151cf9bb51
As the world comes to grips with the coronavirus pandemic, the situation has proven to be a blessing in disguise for threat actors, who've taken advantage of the opportunity to target victims with scams or malware campaigns.
Now, according to a new report published by Check Point Research today and shared with The Hacker News, hackers are exploiting the COVID-19 outbreak to spread their own infections, including registering malicious Coronavirus-related domains and selling discounted off-the-shelf malware in the dark web.
"Special offers by different hackers promoting their 'goods' — usually malicious malware or exploit tools — are being sold over the darknet under special offers with 'COVID19' or 'coronavirus' as discount codes, targeting wannabe cyber-attackers," the cybersecurity firm said.

COVID-19 Discounts: Exploit Tools for Sale

The report comes following an uptick in the number of malicious coronavirus-related domains that have been registered since the start of January.
https://preview.redd.it/13oxzp4sikn41.jpg?width=728&format=pjpg&auto=webp&s=0e521a5cf479d2f41d8e74b481067799991b7d68
"In the past three weeks alone (since the end of February 2020), we have noticed a huge increase in the number of domains registered — the average number of new domains is almost 10 times more than the average number found in previous weeks," the researchers said. "0.8 percent of these domains were found to be malicious (93 websites), and another 19 percent were found to be suspicious (more than 2,200 websites)."
Some of the tools available for purchase at a discounted price include "WinDefender bypass" and "Build to bypass email and chrome security."
https://preview.redd.it/ti9giucwikn41.jpg?width=728&format=pjpg&auto=webp&s=6911833e61984ed3a96a9db432b582ed4fee6078
Another hacking group, which goes by the moniker "SSHacker," is offering the service of hacking into Facebook account for a 15 percent discount with the "COVID-19" promo code.
What's more, a seller that goes by the name of "True Mac" is selling a 2019 MacBook Air model for a mere $390 as a "corona special offer." It goes without saying the offer is a scam.

A Long List of Coronavirus-Themed Attacks

The latest development adds to a long list of cyberattacks against hospitals and testing centers, phishing campaigns that distribute malware such as AZORuIt, Emotet, Nanocore RAT and TrickBot via malicious links and attachments, and execute malware and ransomware attacks that aim to profit off the global health concern.
  • APT36, a Pakistani state-sponsored threat actor that targets the defense, embassies, and the government of India, was found running a spear-phishing campaign using Coronavirus-themed document baits that masqueraded as health advisories to deploy the Crimson Remote Administration Tool (RAT) onto target systems.
  • Researchers from security firm IssueMakersLab uncovered a malware campaign launched by North Korean hackers that used boobytrapped documents detailing South Korea's response to the COVID-19 epidemic as a lure to drop BabyShark malware. Recorded Future observed, "at least three cases where reference to COVID-19 has been leveraged by possible nation-state actors."
  • A COVID-19-themed malspam campaign targeted the manufacturing, industrial, finance, transportation, pharmaceutical, and cosmetic industries via Microsoft Word documents that exploit a two-and-a-half-year-old Microsoft Office bug in Equation Editor to install AZORult malware. The AZORult info stealer has also been distributed using a fraudulent version of the Johns Hopkins Coronavirus Map in the form of a malicious executable.
  • A fake real-time coronavirus tracking Android app, called "COVID19 Tracker," was found to abuse user permissions to change the phone's lock screen password and install CovidLock ransomware in return for a $100 bitcoin ransom.
  • Another phishing attack, uncovered by Abnormal Security, targeted students and university staff with bogus emails in a bid to steal their Office 365 credentials by redirecting unsuspecting victims to a fake Office 365 login page.
  • Comment spamming attacks on websites that contained links to a seemingly innocuous coronavirus information website but redirected users to dubious drug-selling businesses.
  • Aside from malware-laden spam emails, F-Secure researchers have observed a new spam campaign that aims to capitalize on the widespread mask shortage to trick recipients into paying for masks, only to send them nothing.

Staying Secure in the Time of COVID-19

It's amply clear that these attacks exploit coronavirus fears and people's hunger for information about the outbreak. Given the impact on the security of businesses and individuals alike, it's essential to avoid falling victim to online scams and practice good digital hygiene:
  • Businesses should ensure that secure remote access technologies are in place and configured correctly, including the use of multi-factor authentication, so that employees can conduct business just as securely from home.
  • Individuals should keep away from using unauthorized personal devices for work, and ensure "personal devices will need to have the same level of security as a company-owned device, and you will also need to consider the privacy implications of employee-owned devices connecting to a business network."
  • Watch out for emails and files received from unknown senders. Most importantly, check a sender's email address for authenticity, don't open unknown attachments or click on suspicious links, and avoid emails that ask them to share sensitive data such as account passwords or bank information.
  • Use trusted sources, such as legitimate government websites — for up-to-date, fact-based information about COVID-19.
submitted by icssindia to HackingTechniques [link] [comments]

I will tell you exactly what is going on here, this is critical information to understand if you are going to make money in this space. How prices work, and what moves them - and it's not money invested/withdrawn.

/edit: Hi /all. While I have your attention, I want to take 5 seconds of your time and bring some exposure to something that is threatening our existence as the human race. If you aren't interested, please skip down to the main article. I'm talking about finding a way to live sustainably on this planet, regenerative agriculture, where we get our food from, and how we can make sure that our kids and grandkids have something left once we leave.
Please consider reading up on Permaculture, sustainable living, Forest gardening, Backyard Chickens, etc. Consider following what I did and do it for yourself. This all used to be a useless lawn.
Bored for a night? Go watch "Sustainable" on Netflix.
Look into people like Geoff Lawton, Mark Shepard, Sepp Holzer, these people are going to save us.
Want to make a small change yourself? Grow a tomato plant on your balcony in a pot. Reduce transport of the tomatoes you eat, and make ~$50 per plant in saved money. Want to do something bigger? Plant a fruit tree in your backyard. Maybe two. Maybe a raspberry bush. You are now part of saving the human race.
If everyone reading this planted a fruit tree, or even some wild flowers, we could save the bees.
While you are at it, planting a fruit tree has been shown to be one of the best investments on the planet. There's pretty much no investment on the planet that is more financially lucrative (while still being nearly bullet-proof safe) than planting a fruit tree.
You can get a tree at an end of sale auction for literally 5-10 bucks, and that tree will produce THOUSANDS of dollars of fruit for you in it's lifetime. Go spend $200 bucks at an end of season sale, plant 10-20 trees (if you have room), and that $200 will be worth tens of thousands of dollars of saved money.
Do it right, set it up right and it's almost no work because you offload the work to nature - as it has done for the last few billion years. Go learn how, let me show you how. If you do it right, it's zero work after you have planted and wood-chipped, and all you do is pull dollars off a tree.
Original post starts below. I apologize for the shilling of Permaculture, but I think loss of topsoil will impact us all if we don't reverse it soon. We need soil, we need bees, we need food. We need to stop buying December Bananas in Canada. We need to start supporting local permaculture sustainable farms. We need to do this or we may not make it, and our grandkids stand no chance.
I also expended the "now what happens" section, to explain how these pullbacks are a good thing, make crypto more stable, and why we keep seeing larger ceilings after every pullback... this stuff is really important for you to make money on this thing, if that's your goal....
I've made a similar post in a few spots, and this is something that is absolutely critical for people to understand... what impacts price, and what is going on lately. Price has only a very minor correlation with money invested, and a major correlation with opinion.
... and Humans are an emotional bunch.
So what drives price of any commodity, crypto, gold, pizzas, whatever? The money invested in it, right? Kind of, but not really. What if I told you that you could theoretically raise bitcoin from $15k to $20k by spending $1, and lower it from $25k to $1k by spending the same $1? Crazy right?
AN EXAMPLE
This is going to start out slow, I want to make sure I get everyone on the same page before I pick things up and lift the curtain. Stick with me here....
This is an example to help illustrate why prices aren't driven by money invested, but rather consensus and opinion. Lets imagine the following exists (we will use bitcoin as an example, but this is how everything on the planet works)
Lets say Bitcoin is currently priced at $10k (the last sale). From $11k to $99k, every $1k there is someone with a sell order of 1 full bitcoin. From $9k to $1 dollar, every $1k on the way down there is someone with a buy order of 1 full bitcoin.
So, right now if you wanted to buy bitcoin you have several options... meet the lowest seller's price of $11k, or, put your own buy order up, above the highest buyer's bid order (overcut them). If you decide to just place an order, the price doesn't change. If you decide the buy the $11k bitcoin, now bitcoins value is $11k, with a new lowest sell offer of $12k, and a highest buy bid of $10k. Someone else comes in an overcuts the buy bid and puts 1 BTC for sale for $11k. No trades are made until someone matches a buy/sell.
Okay, that's kindergarten stuff, most people here understand that. So how much money drove the price up in this situation? $11k, and BTC price raised 11/10, 1.10, or 10% from the last sale. Now the entire marketcap of BTC raised 10% (last sale multiplied by circulating supply). So it takes $11k to drive a 10% increase, right? Not at all. Lets look at what happens when news is released.
News comes out that Warren Buffet thinks bitcoin is a scam, a bubble, and he wouldn't touch it with a 10 foot pole because he only invests in things he understands and he doesn't understand crypto. People panic everywhere, and believe "this guy is smart, I'm overvaluing this thing".
Suddenly people don't want to buy this scam anymore, and the buy orders for $11k, $10, and $9k are taken down.
At the same time, the people wanting to sell start to panic and just want out. The guy at $32k (who just had that offer up "just incase it moons") drops down to $11k sell order. The guy at $12k, who was the lowest, now undercuts him to $10k.
The other buyers see the sellers undercutting and think that if these people want out, why am I buying in. The $8k guy pulls his offer, and so do the $7k, $6k and $5k guys. The highest offer is now $4k.
The sellers panic further and the $14k guy undercuts the $10k guy and puts up a $9k sell. The $15k, 17k and 11k guys all see this flurry of panic and now a storm undercutting is triggered, to $8k, $7k, and $6k. The $8k order pulls his again and goes down to $5k.
The price on the buy and sell orders has moved around a ton, but no sales have actually happened yet. Technically, BTC is still "worth" $11k, and the market cap reflects that. All this horseshit has happened, and it only happened in 10 seconds, but the price hasn't moved yet.
The $27k guy wakes up and checks his phone. He had a $27k offer just incase the price moved also, and he also only has a tiny infinitesimal fraction of a BTC. Well, he decides "he's out" and fills $1 worth of the part of the $4k guys buy offer.
The latest price information is now updated, and BTC fell from $11k to $4k price per BTC with the movement of a single dollar.
This is exaggerated example, but this is what moves price. Not money in vs money out. The ONLY THING that moves price is perception.
OPINION FLOW AND NOT MONEY FLOW
Now the above example only happens if everyone simultaneously believe the same thing... this the asset they are holding is a steaming turd. What happens in reality is there's no black and white, it's shades of gray. It's flow in vs flow out. But again, not flow MONEY, but rather OPINIONS.
If 66% of the holders of something all of a sudden unanimously decide that their asset is overvalued, then they panic sell. Even if 33% of the people decide they are going to buy up as much as these panic sellers sell, if the panic is strong enough, and they are slitting eachother's throat to sell, then the buyers just happily sit and let them do that, and time their buys in. Very little money has to actually change hands in order for this price to crash, all that matters is the FLOW OF OPINION has to be swift and violent, and in majority. The sellers will leapfrog eachother on the way down, faster than the buyers scoop up their sales, and the net result is a crashed price.
Note, this happens both ways... fear, uncertainty and doubt (FUD) as well as overhyped FOMO (Fear of missing out).
So now what happens?
Time goes by and all holders opinions of their asset hasn't changed. They still think it's worth $11k and they got great deals scooping up what these sellers were selling. The weak hands have left the market and have been replaced with holders. Overall, now a higher percentage of holders believe in the product they are holding and are unwilling to sell for the panic prices of the last week. Panic sellers were also replaced by new money, people who have wanted in for a while and are now in on their perceived ground floor.
Also, people who bought BTC at $1 ten years ago and have been looking for an exit to cash profits have now been replaced by either long term holders, or by these new people who are thrilled to have finally entered, and they are looking to hold long.
So what happens on pullbacks? The number of people waiting to jump off the ship has decreased. The new ground floor is established. Are we done? Who knows, this could go on for another year, but what matters is that people who want off are getting off and people that want on are getting on.
People who have panic sold and never believed in this in the firstplace... people who have wanted out for 10 years... they have been replaced by people who are now getting in on THEIR GROUND FLOOR, and are going to be holding long. The market is suddenly increasingly more stable today than it was yesterday, even though prices are down.
This is a good thing. This is why crypto keeps bouncing back from pullbacks and reaches new higher ceilings and floors each time. Old money who wanted out, and new panic holders, they are gone. They are replaced with adopters, holders, believers in this technology. These people aren't selling anytime soon, because they believe that this thing is going to revolutionize the world. Every crash brings more of these people in, and removes more panic sellers out.
Moving forward
Now news releases start coming out about how stock ETFs are being created, NASDAQ index funds, bank support, government support. Companies are using this tech, and companies who use blockchain for transportation are putting non-blockchain companies out of business.
The people on the outside looking-in feel they are missing out. They now start coming in and buying. They start overpricing eachother on their buy orders, and eventually it gets close enough to a sell order that someone decides they are just going to meet the sell price. The sale goes through.
Sellers (HODLERs) see this action, and they start pulling sell orders off the table almost as fast as they fill. Sure some trades go through, and incoming money is driving the price up as market orders are filled. But what's also happening is people are seeing this flurry of volume, and sellers are pulling sell orders and placing them higher.
Junk coins and pump and dump scam coins are dying by the millions. In their ashes, good solid technology projects whose coins have fundamental economic reasons for growth, these are rising. Corporate partnerships continue forming. The real world continues to create actual use cases. Companies start storing more and more corporate information on blockchain. Public companies use blockchain to store scientific research (See Canadian Research Council announcements), and blockchain acts as a Library of Alexandria. People can travel out of country without any monetary exchange, using their chosen cryptocurrency to buy the things they need abroad. The world is slowly actually USING this technology.
Money is coming in, but more importantly, OPINION IS CHANGING. Literally nothing could have happened in terms of fundamentals, partnerships, etc... this can all be driven entirely emotional, so long as it's wide-spread and strong. Infact, the market could THEORETICALLY rebound in this way from $4000/BTC to $1 MILLION PER BITCOIN by the sale of ONE PENNY. $4000 sound low? Does that number make you uncomfortable? We may go that low. We may not. If we do, I'm not panicking and selling, I'm buying more.
SO WHAT HAS HAPPENED IN THE LAST FEW MONTHS? and where are we going?
A lot of new money has come in from Nov-Jan, and they don't really know what they are investing in. Sure some of them have done great research and are smart investors but most people aren't and isntead they are buying Symbols and Names and trading on speculation. They are treating their favorite coins like a sports team, and will follow them irrationally off a cliff.
These new people came in and invested in cryptocurrency because their OPINION was heavily influenced in Nov, Dec, Jan, from media. They saw this money making machine called crypto. They were willing to pay huge, ride the wave up, keep buying, etc. They were "ground floor adopters" and were going to get rich.
They outnumber the old money by A LOT. Their OPINION MATTERS. It matters the most.
To keep this in perspective, they are also a VAST MINORITY of "new money" that will enter the game in the next decade. This cycle will continue over and over and over.
Their opinion rose nearly unbounded and price rose accordingly. Market cap rose from 10B to 750B, and it could have been VERY LITTLE actual money that did this. How much did it need to be though? Literally ONE PENNY, theoretically. All that matters in moving price is MOMENTUM OF OPINION. I believe it has been estimated that as low as 6B USD was responsible for the bull rush.
These people then started hearing "Bubble", "Scam", Fake news about governments banning. They don't understand how technology wins, always. Crypto is beyond government control. If they could have stopped Bitcoin they would have done it already.
WHO IS DRIVING ALL THIS?
Most investment opportunities go first to "accredited investors". You need to have multimillions in order to get in on the ground floor for most stock IPOs, and we're seeing that start to happen with coin ICOs. Bitcoin was a joke for the first few years, while lunatics picked it up. At this point, it was really too late to get in "early", and who would have wanted to anyways, it was all still a joke. So Wallstreet, banks, governments have generally watched on the sidelines as average Joes who were crazy enough to be early adopters and toss $100 on fake internet money slowly became millionaires.
Not only that, but the idea of blockchain started to become understood. The power and value in it became understood. Not only as a way to track "monetary value" but for many other applications as well. Platforms were created, business uses brainstormed, products started being made. This thing started taking off, and wasn't a joke anymore. But regardless, big money wasn't in on the ground floor. They have stakeholders opinions to think of, and what do they say to investors when they lose all their money on magic internet points?
But they have woken up now. This thing has "popped" many times now and keeps recovering. This thing won't die. could they have been wrong all along? If they want in, how do they get in? They are no dummies, they have been controlling the world their whole lives? Look at the media experiment that Trump is doing? He is testing just how we work... you can do literally anything and we remember it for like 30 seconds, until the next news story comes out. We change opinions very easily. We are swayed very easily. We are their puppets. Media controls the world. They know their way in.
They have ONE WEAPON against cryptocurrency.
YOUR OPINION OF IT.
And they know it.
Media.
That's why FUD is so powerful and needs to be respected. It's why we need to read more than titles on news articles. We need to question what we read, whether it's good news or bad news. We need to think about "what are the motives of the person saying this to me". Does the government have a conflict of interest when they state that crypto is gambling? Do they have skin in the game?
What about wall street? Does WEISS ratings possibly have incentive to come out with poor ratings? Do banks have incentive to lock accounts in order to "protect" customers from "unsafe investments" when their entire business model revolves around holding as much of your money as possible and making money off it? Do you think banks have any super secret hidden interest in preventing you from storing your money elsewhere? I'm not sure, maybe you can critically think about that.
Just understand that this goes both ways. When crypto is booming and Fox news is showing people how to buy $4 ripple on prime time, you may want to start putting in some stop loss orders. When the suicide hotline is stickied at the top of /cryptocurrency and everyone is panic selling, you may want to start picking up some firesale deals.
So, the question is this... Is crypto undervalued or overvalued at it's price today? Where is the price going long term? I'm not talking about it's use case, I'm talking about in the court of public opinion, where is THAT going? Because THAT is what is going to drive price in the future.
Without a crystal ball, this is of course impossible to know. Do your own research and form your own opinion. It could very well be that the technology having a use-case will in and of itself drive opinion, and thus price. But make sure you understand that it's not the technology itself, it's not the value of the business itself, it's not the use case itself that will drive price, it is the publics OPINION of that thing which drives price. They are intertwined, but they are NOT the same thing.
TLDR: VERY VERY little money has to move around in order to swing prices drastically, up or down. Money in and out doesn't drive price, OPINION does. How do you let the news you read impact your opinion?How are you being played (on both sides, shilling and FUD).
Something is only worth what people think it's worth. Often that's based on reality, value, business, money, but often it's entirely emotional.
Structure your portfolio in a balance, intelligent way, using risk methodology.. Invest money you are willing to lose. Support legitimate technology and teams who are actively driving their product to completion, coding, and marketing. Stop trying to make money overnight in pump and dump scams, or pyramid schemes.
Every day, take one coin, do a deep dive on it, learn it inside and out. Look into their team and their past. Do that every day for a year, and you just learned 365 coins inside and out. Ask yourself the following key questions:
Have those members consistently jumped ship on previous projects? Is that where you want to invest in? Is their team capable of executing on their vision? Are they trying to solve world hunger, and their team is a few 16 year olds in a garage? How active is their github? Are they adding chunks of code regularly, or is a ghost town? Are they marketing their product at all? Or is marketing the only thing they are doing?
What are the economics of their coin itself? Is it required to be used to gain access to their technology? Are there burns? How premined is it, and what portion do the founders hold?
What about their vision? Are they trying to solve a problem that needs to be solved? What are the economics of that problem and how much money does the solution potentially save clients?
These are all questions you should be asking when you give your money to someone else. We're a lot more stable than we were - a correction was bound to happen. Too much early money wanted to cash in profits. These people have been replaced by new money who is holding on their own ground floor. The whole industry in general is still in very early stages. Rest assured that anyone reading this is still very much an early adopter. Just make sure you are investing in actual technology, and supporting capable teams, and not buying air. Buy the Googles and Amazons of Crypto, not the pets.com or flooz.com of cryptos.
Happy investing everyone.
/EDIT: some have asked to donate some crypto. Do me a favour instead, sub to my YouTube channel (link at top) watch my videos how to get started properly, and plant your own trees and establish food sovereignty for your family and your community, and help save the bees, save our topsoil, and sequester carbon to reverse global warming. My goal is to get a gardener back into every home on the planet. THAT is how we heal this world.
submitted by Suuperdad to CryptoCurrency [link] [comments]

First Mover: In the Cryptocurrency Markets, No Two Exchanges Are Alike

First Mover: In the Cryptocurrency Markets, No Two Exchanges Are Alike


In the cryptocurrency markets, no two exchanges are alike. Even in major crypto exchanges, trading U.S. dollars for bitcoin can have fairly different order sizes and spreads, according to data compiled by aggregator CryptoCompare.
Average order sizes over the past week were quite varied, CryptoCompare found. Orders on Bitstamp averaged $3,424.11, the highest of major dollar to bitcoin (USD/BTC) pair exchanges. ItBit was second to Bitstamp at $2,874.17, with Kraken at $2787.68. Gemini’s average was in the middle of the pack at $1,438.31, followed by Coinbase at $1,113.15. Bitfinex was lowest, with an average order totaling $342.09. The average order of the six exchanges was $1,996.58.
You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You can subscribe here.
Average spreads between the highest bid offer and the lowest ask offer on an exchange order book also varied significantly. Data from CryptoCompare shows a few exchanges have a much larger daily price spread than others.
“This is derived from L2 order book data, without fee calculations, on top of this,” said Constantine Tsav, head of research for CryptoCompare. Level 2, or L2, order book data is a term for market information that includes the scope of bid and ask prices for a given asset, in this case USD/BTC.
Luxembourg-based Bitstamp, at $5.21 and New York-domiciled Gemini, at $2.38, have the largest average spreads in intraday trading, in this case CryptoCompare used a two-hour interval. Market spread is the gap between the highest bid and the lowest offer on the order book. Thus the gap is the difference between the price traders are willing to sell an asset and others are willing to buy an asset, and vice versa.
submitted by Han121212 to u/Han121212 [link] [comments]

VipMex Crypto and Futures Contract Trading Platform Gives Away 346 USDT to Celebrate Launch

VipMex Crypto and Futures Contract Trading Platform Gives Away 346 USDT to Celebrate Launch
vipmex.com
A new trading platform called VipMex has entered the market, allowing users to invest in cryptos and futures contracts with ease.
About the Company
Hong Kong-based VipMex is a company specialized in providing all-inclusive financial investment options and management for crypto assets and futures.
The team behind VipMex is made up of many highly educated professionals with a background in various advanced technologies. Their main goal is to develop accessible futures and cryptocurrency options by establishing a secure investing environment which can be navigated by clients of all levels of experience.
This cryptocurrency exchange relies on a powerful trading system that serves as the basis of a comprehensive and strong trading environment. VipMex focuses on providing low cost and easy to use crypto investment alternatives that can be accessible to all users.
VipMex Risk Strategy
The VipMex exchange was built on providing exposure to cryptocurrency markets for all kinds of investors at competitive and low rates.
Usually, when the clients have opposing positions, let’s say one Bitcoin contract is long and the other Bitcoin contract short, both sides of the trade are covered, with the exchange making its profits from the fees of the trades.
If most clients trade in the same position, VipMex will hedge in the underlying market or derivates markets, meaning they might actually buy Bitcoin or long Bitcoin futures if the majority of clients take long positions on Bitcoin contracts. This allows the platform to pay out all its clients if their positions turn out to be correct.
In case of unforeseen market developments, the exchange will store a certain percentage of its profit in a Risk Reserve Fund to always pay out the revenues of their clients.
USDT Base Currency
On the VipMex crypto exchange, the Tether (USDT) stablecoin is used as the base currency, meaning that the exchange rates of the other digital assets are generally quoted against Tether. USDT is the most popular and used stablecoin in the crypto market, having its value pegged to that of the US dollar. The coin recently surpassed XRP and became the world’s third-largest crypto according to a market cap of $8.805.483.772. USDT is also the most traded crypto based on its 24-hour volume, surpassing even Bitcoin.
With the occasion of platform launch, VipMex is giving 346 USDT to users who register on the crypto exchange and perform trading activities.
Fees and Discount Bonus
VipMex users can withdraw USDT from their account without having to pay any fees. A one-time transaction fee which is 0.05% becoming the best cost-effective comparing with Binance, Huobi, SnapEx, OKEX etc. for each position opened.
The crypto exchange offers zero spread accounts, which have no difference between the bid and ask price. This allows traders to know their entry and exit levels when they open a position.
There are no slippage costs (the difference between the projected price of a trade and the price at which the trade is completed) and no clawback (take back money as a form of taxation).
Moreover, VipMex also introduced a system where users can gather bonus for missions or trading and then use these bonus to deduct their margin.
Multi-Currency Account
VipMex supports the trading of multiple digital assets and commodities from one single account. This means that users do not have to go and create multiple accounts to hold and manage different cryptos or futures. All trading can be done from one account, simplifying matters for investors who want a diverse trading portfolio.
In addition to cryptocurrencies, users can also trade using fiat by making deposits on the platform’s Over The Counter exchange. This way, those who are new to crypto and do not yet own the assets can still invest by using their fiat funds.
Up to 500x Leverage
VipMex users can engage in margin trading and leverage anywhere from 10x to 500x. While margin trading is riskier compared to other types of trades, it can bring higher rewards.
The trading platform incorporates a unique “close all” function. Also, in order to protect clients’ profitability and hedge against risk exposure, in certain extreme market conditions, VIPMEX might temporarily prevent clients from opening new positions in a single direction until it is safe to open trades on that position again.
Accurate Price Listing
VipMex displays its crypto prices by using a K-line weighted average based on the data sourced from 3 of the biggest crypto exchanges on the market, namely Binance (30%), OKEx (40%), and Huobi (30%). This is done in order to feature cryptocurrency prices in the most accurate way. Binance is the world’s first crypto exchange in terms of 24-hour trading volume, while OKEx is sixth.
VipMex is ready to help investors find easy crypto trading solutions, as well as futures contract options, and help them get the best profits by adopting risk-mitigating strategies.
submitted by VipMex to u/VipMex [link] [comments]

License to Kill – Bond(s) explained

The below is the text from my latest blog post about bonds, if you want to see the original with pretty pictures, charts, graphs etc then click on this link.
Ok, the title is an obvious dad joke, but as it happens it still fits in with my naming convention for posts so happy days! On to more serious stuff.
The most common proposed asset allocation for people pursuing FIRE seems to involve having absolutely as much invested in equities (or to a lesser extent property) as possible, and reducing every other asset class to as little as possible. Which is certainly one way of doing things, and given the great performance of shares and property over the last 20 years or more there is an argument to be made for doing things this way.
It’s certainly not the only way of doing things though, and I will be trying to show why there is a case to be made for investing some money in other asset classes, in particular Fixed Income aka Bonds.
So what are bonds?
Bonds are a type of debt that is issued by governments, semi-government organisations, and corporations, so basically you’re lending them money. In Australia we also have what are called hybrid securities, but they’ve got some big enough differences that I’ll talk about them in a future post (probably).
Bonds are also one of those fun areas where there is an exception to every rule, so although what I’ve written below is broadly accurate there is always going to be some type of bond or a specific issue that breaks one of the rules.
So please don’t be an internet hero and “well ackshually” me about premium redemption/issue bonds, soft calls, hard calls, investor puts, floaters, PIK notes and all the rest of it because broadly speaking it isn’t going to make much difference for the purposes of explaining bonds. Basically play nice readers!
Talk numbers to me…
Bonds are all about math. As I’m sure regular readers of this blog can imagine this makes me very happy, and probably explains in part why I spent a large part of my career working in an area where understanding bonds was crucial, although to make things more interesting we added on a bunch of other stuff like equity options, credit derivatives, FX etc.
The main numbers to think about are the price you paid for the bond, the coupon on the bond, the yield on the bond, the time to maturity, and the maturity value of the bond. From those main numbers we also derive a bunch of other numbers I’ll talk about later.
Bonds are normally issued at a price of 100, with a fixed coupon (interest payment based on the maturity value of the bond) and a fixed maturity value at a known maturity date. So that’s 4 of the numbers covered already, happy days!
A lot of the time though you’re not going to be buying that bond when it is issued, you’ve buying it when it’s already trading in which case chances are pretty good you didn’t pay 100 for the bond. Buying it along the way doesn’t affect the coupon or the redemption amount at maturity or when it matures.
What it does affect though is the yield. There are a bunch of different yield measures but I’m going to go with yield to maturity, ie what yield (return) will you get if you hold the bond to maturity.
It’s not a perfect analogy, but one way to think about bonds is that they’re like a term deposit where the amount that you can buy it for moves around. If you buy a bond for $10,000 that is going to mature in a year and it has a 2% coupon and redeems for $10,200 (redemption price plus coupon payment), then your yield (2%) is the same as your coupon (2%).
But if interest rates have changed and so the price of the bond has changed and you buy that bond for $9,900 or $10,100, then your yield will be different from your coupon, either 3% or 1% respectively. Hopefully that makes sense? BTW I’ve rounded the numbers here to try and keep it nice and simple.
Most bonds pay interest on a semi annual basis (I used an annual payment in the example above to make things easier) so to figure out how much interest you get when it gets paid it’ll be the coupon divided by two.
Hopefully all of that makes sense, if not let me know in the comments.
Issuers of Bonds
As I said above the main issuers of bonds are governments, semi government organisations, and corporations.
Debt issued by governments is generally the safest type, because so long as they control the printing press then they can always print more money to pay you back. The Eurozone is a bit of an exception to this (understatement of the year) but in most of the other major sovereign bond markets like the US, Australian, the UK etc it’s true.
Emerging markets are a bit different because they often issue debt in USD, which means that if things go pear shaped then they can’t just print more money to pay off bondholders.
There can also be issues with getting your money back from sovereigns if they have too much debt, such as when they either don’t control the printing press (Greece) or the bond is issued in a different currency (Argentina) but for the most part if you lend money to a developed country in their own currency then you can pretty reliably count on getting your money back.
There are also bonds issued by semi government organisations like the World Bank, European Bank for Reconstruction and Development etc, these are slightly less safe for the most part but you’re still not taking on much risk of not getting your money back.
Debt issued by corporations is riskier, partly because businesses obviously can’t just print more money to pay you back, and because corporations can and do go bust. Sure it doesn’t seem likely that Telstra or Woolworths or the big banks are going to blow up any time soon, but there are plenty of other bond issuers out there with much more fragile finances.
As you would expect the more risk you are taking on the more return you want in order to be compensation for doing so. This is because unlike a term deposit the value of your capital isn’t protected. If you put $10,000 into a term deposit for a year with an interest rate of 2%, then you know that in a year’s time you will get back that $10,000 plus $200 in interest.
If for some reason the bank you invested that money through goes bust, the government will make you whole (up to the value of $250,000 per entity per approved deposit institution.
If you invest in a corporate bond and the company goes bust, well you’re probably not going to get all or maybe any of your money back. The good news is that you’re more likely to get money back than equity holders, but if the debts of the company are a lot more than the assets then you’re going to be in trouble.
There’s a clear framework for what happens if a company goes bust and who gets paid first and in how much etc, the short version of this is that equity holders are absolutely last in line but depending on what type of bonds you own you may not be a meaningful better position either.
And unlike a stock, when you own a bond you don’t own a piece of the issuer of the bond, you just own part of their devt. So if the company does great and starts making a fortune, you as a bondholder don’t get paid any more than what the terms of the bond state. Basically you can get a fair chunk of the downside and none of the upside beyond the terms of the bond. On the plus side this doesn’t happen particularly often, most of the time you’ll get what you were promised
Bond ratings
Now obviously some companies are more secure and stable than others. If you take a bond from the biggest company in the ASX200 which is CBA, then it’s more likely to fulfil the terms of the bond than whatever the 200th company is. That’s not to say the 200th company won’t, just that there is more risk. The actual degree of this risk is quantified in a couple of different ways.
First of all there are ratings agencies out there who will assign a rating from anywhere to super safe (AAA) to D (in default) with a bunch of graduations in between. Anything rated from AAA to BBB- is what is called Investment Grade (IG), everything below that is called High Yield (HY) or less politely Junk.
Just because a bond is IG doesn’t guarantee it will pay off, likewise something which is HY isn’t guaranteed or even likely to fail. For the most part though the different ratings given tend to play out that way in the real world, with far less defaults for bonds rated AAA vs bonds rated BB for example.
The big three ratings agencies are Standard & Poors (S&P), Moodys, and Fitch, and between them they’ll rate most of the bonds and/or issuers. They tend to be fairly backward looking in my opinion, and they were hugely and obviously wrong on rating mortgage backed securities back in the GFC. Still, they will generally give you a reasonable idea of the creditworthiness of the bond issuer.
Because bonds are also traded in the marketplace you can take the yield offered on a bond with a particular maturity, compare it to an equivalent government bond, and using some fun math (yeah baby!) back out a credit spread which that bond trades over treasuries (or swaps but I’m not going to get into that). The higher the spread, the higher the perceived risk of the bond, and vice versa of course.
Are bonds safe?
Well it kinda depends on what you mean by safe. If you mean are the bonds likely to deliver what the issuer of the bonds promised, then generally yes. As I said with government and semi government bonds you will almost certainly get all your coupons and the maturity value of the bonds delivered on time. Yeah, there are some exceptions to this but you’re unlikely to run into trouble with Australia, the US, the UK, the more economically sensible members of the Eurozone etc.
Similarly with corporates the vaast majority of the time you will get your money back on investment grade bonds, and it’s pretty rare to not get your money back on high yield bonds as well. That’s not to say it doesn’t happen, but it doesn’t happen much.
If you mean am I going to get back what I put into the bond, well no they’re not necessarily safe, particularly if you sell before maturity. Remember when I said bonds are kinda like term deposits that can trade? Well when they trade those prices move around, and they can move around a lot!
Why do bond prices move?
There are a bunch of reasons why bond prices move around, the main ones are changes in the interest rate environment, changes in economic conditions, and changes specific to the issuer of the bond.
We’ll talk about interest rates first. Bond prices have an inverse relationship with bond yields, which is a fancy way of saying if interest rates (yields) go down then bond prices go up.
How much do they go up? Well that depends on the magnitude of the change in rates, and a bunch of factors involving the bond. Basically the longer till maturity on the bond, and the lower the coupon on the bond, the more sensitive it will be to changes in interest rates. This is measured using modified duration and convexity.
Modified duration takes into account the timing of the cashflows of the bond (so coupons and maturity) and gives you a number which is typically a little less than that number of years to maturity, the higher the coupon the more it decreases the modified duration. If you multiply that modified duration by the change in interest rates in percentage terms, it will tell you how much the bond price will move by (in theory at least).
So if you have a modified duration of say 7.117, then for every 1 percent move in interest rates the bond price will change by 7.117 points. So if your bond price was previously 100 and rates moved down by 1%, then your bond should now be worth 107.117. Happy days! Conversely if rates moved up, well your bond is now worth 92.883. Not so happy days.
I’ve used the [ASX bond calculator](http://%20https//www.asx.com.au/asx/research/bondCalculator.do) to give a couple of examples using the current Aussie 10 year bond. You can hopefully see below that by changing the yield on the bond from 1.5% to 1% the market price has gone from 116.87 to 121.83, roughly a 4.25% change in price for a 0.5% change in rates, so presumably the modified duration on the bond is about 8.5.
To make things slightly more complex, that relationship isn’t fixed due to something called convexity. Instead of being a linear relationship, it’s actually a changing one (a curve rather than a line). Basically the more bonds prices move away from where they were issued the more that relationship will change.
Then there are things like GDP numbers, employment numbers, consumer sentiment surveys, PMI surverys, and all sorts of other economic news which will potentially move bond yields around, generally pretty slightly but it really depends on how important that economic number is and how much of a change from expectations it is.
On top of that for corporations changes in their own situations will have an effect on what their credit rating/spread is which will affect prices as well. If a company goes from being loss making to suddenly making a profit, then that’s going to be good for their credit and the bond price is likely to go up. Bad news like a profit warning will potentially mean a higher credit spread and lower price for the bond.
There is also general investor appetite for risk, so if investors are happy to take on more risk in their asset allocation (risk on) then they will likely sell off lower risk assets like bonds and buy higher risk assets like equities and to a lesser extent property. If things change and they want to go risk off, then the reverse happens and money tends to come out of equities and into bonds.
What happens to bonds if the stock market crashes or we have another GFC?
A stock market crash is actually one of the more compelling reasons to invest in bonds. This is because when stock markets crash investors tend to put their money into asset classes where they feel a lot safer ie, bonds. The rationale is that getting your money back is now hugely important, and even more important is not losing all your money as you will in those horrible equities which you knew you should never have invested in but that horrible financial adviser talked you into.
People. Are. Not. Rational. People panic. People sell assets which are going down in value even though they know they should be holding on for the long term. This applies not just to retail investors, but also to professionals who should know better.
In the GFC I spent plenty of time talking to institutional investors with a long term time horizon (ie 5 or 10 years etc) who suddenly decided they had to get out because of bad one month performance. People will bail out if the proverbial is hitting the fan. I wrote a bit about my experiences with the GFC here, and believe me there are a lot of people who are not going to be as cool calm and collected as they think they will be.
It’s very very very very (extra very for emphasis) important to note here that at this point in time investors will not be thinking that all bonds are much the same. When they are looking for somewhere to put their money that they now have after panic selling out of equities, they will park it in the safest place they can find, ie government bonds (aka treasuries). This will cause the price of those bonds to rise because of supply and demand.
If they still want to take on some amount of risk then they might put some into investment grade bonds, again this will push the price up a bit. They will almost certainly not put money into high yield bonds, because those are risky and in a crisis will behave pretty similarly to equities, ie they will fall in value. If anything they will more than likely try to pull money out of HY bonds, pushing the price down.
This excellent post really shows this in the below graph which shows the average performance of different types of bonds for a 10% or greater fall in the stock market (all of this is for the US but the same principle applies to Australia).
It doesn’t work in every case, as shown below (same source), but in almost all cases of a big crash in equities, treasury and to a lesser extent IG bonds gave you a big positive return to help out. HY, not so much and in some cases actually gave you a worse performance than equities themselves.
Please believe me when I say it is a huge help psychologically to have some of your investments going up when the others are going down, which to me at least is a great reason to have some money invested in bonds.
You’ve convinced me, how much should I have in bonds?
Ok so I’m probably being slightly optimistic here given the number of posts I see on reddit about how VDHG would be so much better if Vanguard got rid of that terrible 10% that’s invested in bonds and put it all in equities instead.
It would be nice to think though that some people are now realising that come the next crash they too might not behave entirely rationally, and it sure would be nice to own some assets that are going to zig when the stock market zags, so to speak.
On the off chance that I have actually convinced people, well it really comes down to your particular risk profile. This is going to be hard to believe for some people, but in the US the default portfolio for most investors is 60% stocks and 40% bonds.
Looking at Oz , the default balanced investment option for most super funds over here are supposed to have something like a 70:30 split between growth assets (shares and property) and defensive assets (bonds and cash) although the reality is a long long way from that if you actually look into how they invest (that’s a discussion for another time though). So that maybe provides a useful starting point.
I know that the average FIRE portfolio that gets talked about particularly from younger bloggers (who have likely never experienced a sustained down market) is pretty much 100% equities and property, maybe even leveraged up. Which is fine if you can hold on through the downturns, but not everyone can do this because it is extremely difficult to do psychologically. I wish them all the best of luck, but I am pretty sure that at least some of them will decide that it’s all too much and sell whenever we have the next crash.
There are exceptions to the rule though. One of my favourite bloggers, and someone who I know thinks deeply about this sort of stuff, is the FI Explorer who has about 15% in bonds and 15% in defensive alternatives (gold and bitcoin) as per his latest portfolio update.
Whilst I don’t like Bitcoin myself, or gold for that matter, he writes a good explanation about why he holds both here. I still don’t like either asset myself, but I recognise that I am not infallible, I could well be wrong about this, and certainly historically they have worked well as hedges.
In any case the more important point here is that there is basically a 30% allocation to what would be regarded as defensive type assets. This is actually a bit over his actual target of 25% in defensive assets, but he probably sleeps just fine at night.
I’m a little more aggressive in only having about 21% of my assets (excluding PPoR) in cash and bonds, but it’s not a huge difference. Both of us have been invested through stock market crashes and hopefully have come to realise that we are not the hyper rational investors that economists believe we are, and therefore it’s best to have a bit invested in stuff that will go up or at least hold it’s value when everything else is crashing.
How do I buy bonds?
You can buy bonds individually, but you tend to need to have a fair amount of money to do so and you can run into a lot of problems with liquidity, big bid/ask spreads etc, it’s hard to build up a diversified portfolio etc.
I buy bonds the same way I buy stocks, ie via an ETF. Most of the major ETF providers have some variety of index ETFs tracking Treasury only or Treasury plus Investment Grade bonds, or you can buy HY stuff if you want. Personally I just use one ETF which has about 75% in treasuries and the rest in IG. There are also some actively managed bond funds out there, either as ETFs or managed funds.
For the reasons I outlined above about bonds being a psychological safe harbour I personally would (and do) only invest in bonds which are likely to up in a crisis, but different strokes for different folks applies as always.
Any more questions?
I’ve only really scratched the surface here of talking about bonds, but at the same time I feel like it’s an overwhelming amount of information. If you have more questions then as always I’m happy to answer them in the comments!
Do you invest in bonds? If you enjoyed this post and would like to read more like it then please subscribe!
submitted by AussieHIFIRE to fiaustralia [link] [comments]

Understanding Tether: Why it accounts for a substantial part of the crypto market cap and why its the #1 outstanding issue in crypto markets today

In this post I will go in-depth on:
  1. How Tether got to be what it is today
  2. Why Tether's market cap is a lot more than 0.5% of the total market cap for crypto you see on CoinMarketCap
  3. Tether printing timing
  4. Tether reserves
  5. What could happen to the market if Tether is found to not be backed by reserves
Tether is incredibly important to the cryptocurrency market ecosystem and I've noticed far too few people understand what is going on.
Very little actual discussion of the 2nd biggest crypto by volume happens here and whenever someone starts a discussion they most often got slapped for "FUD". Tether themselves recently hired the major New York based PR firm 5W to spread positive information online and take down critics, I'm sure some of their operatives are probably on Reddit.
But its absolutely critical you understand the risks behind Tether and especially now with the explosion in reserve liability, breakdown in relationship with banks and their auditor and recently announced subpoena.

What exactly is Tether and what happened so far?

Tether is a cryptocurrency asset issued by Tether Limited (incorporated in the British Virgin Islands and a sister company of Bitfinex), on top of the Bitcoin blockchain through the Omni Protocol Layer. It is meant to give people a "stablecoin", for example a merchant who accepts bitcoin but fears its volatility could shift bitcoin into tether, which can be easier to do than exchanging bitcoin for dollars. Recently they've also added an Ethereum-based ERC20 token. Tether Ltd claims that each one of the tokens issued is backed by actual US dollar (and more recently Euro) reserves. The idea is that when a business partner deposits US dollars in Tether’s bank account, Tether creates a matching amount of tokens and transfers them to that partner, it is NOT a fractional reserve system.
Tether makes the two following key promises in its whitepaper on which the entire premise is build:
Each tether issued will be backed by the equivalent amount of currency unit (one USDTether equals one dollar).
Professional auditors will regularly verify, sign, and publish our underlying bank balance and financial transfer statement.
Tether is centralized and dependent on your trust of Bitfinex/Tether Limited, and that the people behind it are honest people. For the new entrants to this market it will be greatly beneficial understand the timeline of Tether and their connection to Bitfinex.
A brief timeline:

Most common misconception: Tether is only a small part of the total market cap

One of the most common misconception people have about cryptocurrencies is that the "market cap" amount they see on CoinMarketCap.com is actually the amount of money that is invested in each coin.
I often hear people online dismiss any issue with tether by simply claiming its not big enough to cause any effect, saying "Well Tether is only $2.2 billion on CoinMarketCap and the market is 400 billion, its only 0.5% of the market".
But this misunderstands what market capitalization for cryptocurrency is, and just how different the market cap for Tether is to every other token. The market cap is simply the last trade price times the circulating supply. It doesn't take into account the order book depth at all. The majority of Bitcoin (and most coins) are held by those who either mined or purchased for a very low price early on and simply held on as very small portions of the total supply was rapidly bid up to their current price.
An increase in market cap of X does NOT represent an inflow of X dollars invested, not even close. A 400 billion dollar market cap for crypto does NOT mean that there is 400 billion dollars underwriting the assets. Meanwhile a 2 billion dollar Tether market cap means there should be exactly $2 billion backing up the asset.
Nobody can tell for sure exactly how much money has been invested in cryptocurrency market, but analysts from JPMorgan found that there was only net inflow of $6 billion fiat that resulted in $300 billion market cap at the time. This gives us a roughly 50:1 ratio of market cap to fiat inflow. Prominent crypto evangelist Julian Hosp gives the following estimate: "For a cryptocurrency to have a market cap of $1 billion, maybe only $50 million actually moved into the cryptocurrency."
For Tether however the market cap is simply the outstanding supply, 2.2 billion USDT is actually equal to 2.2 billion USD. In order to get $50 USDT you have to deposit $50 real U.S. dollars and then 50 completely new tokens will be issued, which never existed before on the market.
What is also often ignored is that Bitfinex allows margin trading, at a 3.3x leverage. Bitfinexed did an excellent analysis on how tether is entering Bitfinex to fund margin positions
There are $2.2 billion in Tether outstanding and the current market cap of the entire market is $400 billion according to CoinMarketCap. You can actually calculate Tether as a % of total fiat invested in the market according to the JP Morgan estimate, the following table outlines for a scenario of no margin lending and 15/25% of tether being on a 3.3x leverage margin account:
Fiat Inflow/Market Cap Ratio Tether as % of total market (no margin) Tether as % of total market (15% on margin) Tether as % of total market (25% on margin)
JP Morgan estimate (50:1) 27.5 % 36.9 % 43.3 %
Even without any margin lending Tether is underwriting the worth of about 27.5% of the cryptocurrency market, and if we assume only 25% was leveraged out at 3.3x on margin we have a whole 43% of the market cap being driven by Tether inflow.
A much better indicator on CoinMarketCap of just how influential Tether is actually the volume, its currently the 2nd biggest cryptocurrency by volume and there are even days where its volume exceeds its market cap.
What this all means is that not only is the market cap for cryptocurrencies drastically overestimating the amount of actual fiat capital that is underwriting those assets, but a substantial portion of the entire market cap is being derived from the value of Tether's market cap rather than real money.
Its incredibly important that more new investors realize that Tether isn't a side issue or a minor cog in the machine, but one of the core underlying mechanisms on which the entire market worth is built. Ensuring that whoever controls this stablecoin is honest and transparent is absolutely critical to the health of the market.

Two main concerns with Tether

The primary concerns with Tether can be split into two categories:
  1. Tether issuance timing - Does Tether Ltd issue USDT organically or is it timed to stop downward selling pressure?
  2. Reserves - Does Tether Ltd actually have the fiat reserves at a 1:1 ratio, and why is there still no audit or third party guarantee of this?

Does Tether print USDT to prop up Bitcoin and other cryptocurrencies?

In the last 3 months the amount of USDT has nearly quadrupled, with nearly a billion being printed in January alone. Some people have found the timing of the most recent batch of Tether as highly suspect because it seemed to coincide with Bitcoin's price being propped up.
https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html
This was recently analyzed statistically:
Author’s opinion - it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions.
Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet.
Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment.
https://www.tetherreport.com
I'm still undecided on this and I would love to see more statistical analysis done, because the price of Bitcoin is so volatile while Tether printing only happens in large batches. Simply looking at the Bitcoin price graph over the last 3 months and then the Tether printing its pretty clear there is a relationship but it doesn't seem to hold over longer periods.
Ultimately to me this timing isn't that much of an issue, as long Tether is backed by US dollars. If Bitfinex was timing the prints then it accounts to not much more than an organized pumping scheme, which isn't a fundamental problem. The much more serious concern is whether those buy order are being conducted on the faith of fictitious dollars that don't exist, regardless of when those buy orders occur.

Didn't Tether release an audit in September?

Some online posters have recently tried to spread the notion that Tether has actually been audited by Friedman LLP and that a report was released in September 2017. That was actually just a consulting engagement, which you can read here:
https://tether.to/wp-content/uploads/2017/09/Final-Tether-Consulting-Report-9-15-17_Redacted.pdf
They clearly state that:
This engagement does not contemplate tests of accounting records or the performance of other procedures performed in an audit or attest engagement. Our procedures performed are not for the purpose of providing assurance...In addition, our services do not include determination of compliance with laws and regulations in any jurisdiction.
They state right from the beginning that this is a consultancy job (not an audit), and that its not meant to be assurance to third parties. Doing a consultancy job is just doing a task asked by your customer. In a consultancy job you take information as true from the client, and you have no mandate to verify whether your customer's claims are true or not. The way they checked is simply asking Tether to provide them the information:
All inquiries made through the consulting process have been directed towards, and the data obtained from, the Client and personnel responsible for maintaining such information.
Tether provided a screenshots of twp bank balances. One of these is in the name of Tether Limited, and while the other is a personal account of an individual who Tether Limited claims has a trust agreement with them:
As of September 15, 2017, the bank held $60,919,810 in an account in the name of an in individual for the benefit of Tether Limited. FLPP obtained an engagement letter for an interim settlement plan between that individual and Tether Limited and that according to Tether Limited, is the relevant agreement with the trustee. FLLP did not evaluate the substance of the letter and makes no representation about its legality.
Even worse is that later on in Note 1, they clearly claim that there is no actual evidence that this engagement letter or trust has any legal merit:
Note 1: FLLP makes no representations about sufficiency or enforceability of any trust agreement between the trustee and the Client
Essentially what this is saying is that the trust agreement may not even be worth the paper it’s printed on.
And most importantly… Note 2:
FLLP did not evaluate the terms of the above bank accounts and makes no representations about the clients ability to access funds from the accounts or whether the funds are committed for purposes other than Tether token redemptions
Basically Tether gave them a name of an individual with $60 million in their account according to a screenshot, Tether then gave them a letter saying that there is a trust agreement between this individual and Tether Limited. They also have account with $382 million but no guarantee that this account holds to any lien or other commitments, or that it can be accessed.
Currently Tether has 2.2 billion USDT outstanding and we have absolutely no idea whether this is actually backed by anything, and the long promised audit is still outstanding.

What happens if its revealed that Tether doesn't have its US dollar reserves?

According to Thomas Glucksmann, head of business development at Gatecoin: "If a tether debacle unfolds, it will likely cause quite a devastating ripple effect across many of the exchanges that see most of their volumes traded against the supposedly USD-backed cryptocurrency."
According to Nicholas Weaver, a senior researcher at the International Computer Science Institute at Berkeley: "You could see a spike in prices in tether-only bitcoin exchanges. So, on those exchanges only you will see a run up in price compared to the bitcoin exchanges that actually work with actually money. So you would see a huge price diverge as people see that only way they can turn tether into real money is to buy other cryptocurrency then move to another exchange. That is a bank run."
I definitely see the crypto equivalent of a bank run, as people actually try to secure their gains an realize that this money doesn't actually exist within the system:
If traders lose confidence in it and its value starts to drop, “people will run for the door,” says Carlson, the former Wall Street trader. If Tether can’t meet all its customers’ demand for dollars (and its Terms of Service suggest that in many cases it won’t even try), tether holders will try to snap up other cryptocurrencies instead, temporarily causing prices for those currencies to soar. With tether’s role as an inter-exchange facilitator compromised, investors might lose faith in cryptocurrencies more generally. “At the end of the day, people would be losing substantial sums, and in the long term this would be very bad for cryptocurrencies,” says Emin Gun Sirer, a Cornell professor and co-director of its Initiative for Cryptocurrencies and Smart Contracts.
Another concern is that Bitfinex might simply shut down, pocketing the bitcoins it has allegedly been stockpiling. Because people who trade on Bitfinex allow the exchange to hold their money while they speculate, these traders could face substantial losses. “The exchanges are like unregulated banks and could run off with everyone’s money,” says Tony Arcieri, a former Square employee turned entrepreneur trying to build a legally regulated exchange.
https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/
The way I see it, this would be how it plays out if Tether collapses:
  1. Tether-enabled exchanges will see a massive spike in Bitcoin and cryptocurrency prices as everyone leaves Tether. Noobs in these exchanges will think they are now millionaires until they realize they are rich in tethers but poor in dollars.
  2. Exchanges that have not integrated Tether will experienced large drops in Bitcoin and alts as experienced investors flee crypto into USD.
  3. There will be a flight of Bitcoin from Tether-integrated exchanges to non-Tether exchanges with fiat off-ramps. Exchanges running small fractional reserves will be exposed, further increasing calls for greater reserves requirements.
  4. The exchanges might slam the doors shut on withdrawals.
  5. Many exchanges that own large balances of Tether, especially Bitfinex, will likely become insolvent.
  6. There will be lawsuits flying everywhere and with Tether Limited being incorporated on a Carribean Island whose solvency and bankruptcy laws will likely ensure they don't ever get much back. This could take years and potentially push away new investors from entering the space.

Conclusion

We can't be 100% completely sure that Tether is a scam, but its so laiden with red flags that at this point I would call it the biggest systematic risk in the crypto space. Its bigger than any nation's potential regulatory steps because it cuts right into the issue of trust across the entire ecosystem.
Ultimately Tether is centralizing one of the very core mechanics of the cryptocurrency markets and asking you to trust one party to be the safekeeper, and I really see very little reason to trust Bitfinex given their history of lying and screwing over their own customers. I think that Tether initially started as a legit business to facilitate the ease of moving money and avoiding regulations, but somewhere along the lines greed and/or incompetence took over (something that seems common with Bitfinex's previous actions). Right now we're playing proverbial hot potato, and as long as people believe that Tether is worth a dollar everything is fine, but as some point the Emperor will have to step out from hiding and somebody will point out they have no clothes.
In the long term I really hope once Tether collapses we can move on and get the following two implemented which would greatly improve the market for all investors:
  1. Actual USD fiat pairings on the major exchanges for the major currencies
  2. Regulatory rules on exchange reserve requirements
I had watched the Bitconnect people insist for the last 2 years that everything about Bitconnect made perfect sense because they were getting paid daily. The scam works until one day it suddenly doesn't.
Tether could still come clean and avoid all of this "FUD" by simply getting a simple review of their banking, they don't even need a full audit. If everything was legit with Tether, it would be incredibly easy to have a segregated bank account with the funds used solely to back up Tether, then have an third party accounting firm simply review the account and a bank reconciliation statement then spend a few hours in contact with the bank to ensure no outstanding liabilities are held on that balance. This is extremely basic stuff, it would take a few hours to set up and wouldn't take a lot of man-hours for a qualified account to do, and yet they don’t do it. Why? Why hire a major PR firm and spend god knows how much money to pay professional PR representatives to attack "FUD" online instead?
I think I know why.
submitted by arsonbunny to CryptoCurrency [link] [comments]

Was ist der Spread im Trading und wie funktioniert er ... QUE ES EL SPREAD, ASK y BID - TRADING FOREX - YouTube How To Trade Options - Options Trading Bid and Ask Spread ... Cryptoscanner: Percentage Spread - Reverse Calculate - Calculation of Bid ...

Binance’s Bitcoin ‘Bid-Ask Spreads’ Tighten as Cryptocurrency Markets Mature Aug 28, 2020 at 10:03 UTC Updated Aug 28, 2020 at 13:56 UTC Binance CEO Changpeng "CZ" Zhao (CoinDesk archives ... 21Shares Bitcoin ETP price in real-time (A2T64E / CH0454664001) charts and analyses, news, key data, turnovers, company data. Spread compressions in several markets. The bid/offer spread on perpetuals (futures without expiry) listed on BitMEX fell to a lifetime low of 0.17% on July 18 and was last seen at 0.25%. Binance consistently offered a higher spread than BitMEX before the March crash. Since then, however, the spreads have converged and pretty much moved in tandem. Chartanalyse Bid-Ask-Spread: Hier finden Sie die Erklärung zu dem Börsen-Begriff Bid-Ask-Spread Bitcoin Ticker - Tick by tick, real time updates. All data is indicative. Options Last Updated: seconds : Time between graph updates : ms: Play sound on each trade . Round Bids/Asks to 0.500 . Animate Depth Movements . Highlight BTC bids/asks above : Alert if price falls below: Alert if price climbs above: Alert if price change +/- : Sound Alert . Desktop Alert . Show Personalized Content ...

[index] [12961] [37582] [7936] [7629] [39749] [34850] [25481] [37344] [29329] [36114]

Was ist der Spread im Trading und wie funktioniert er ...

Bid ask spread Definition: http://www.investresearch.net/bid-ask-spread/ Briefkurs und Geldkursspanne Exlanation in EASYWAY !!!!! When Spread and Mid rate is given we have calculate BID rate and ASK rate. The difference between the buy and sell price (also known as bid and ask) is one of those things that mystifies newbies. We’re not used to having two prices ... The video is a description of "Ask/Bid Ratio" filter available in Algory Cryptoscanner. Filter info This filter show cryptos with specific ratio between Ask and Bid orders on Level 1. What is Bid/Ask Spread - Explaining Bid Price, Ask Price, and Spread http://www.financial-spread-betting.com/Stock-market-workings.html PLEASE LIKE AND SHARE...

#