Category Archives: Trading

Bitcoin Cash Price Technical Analysis – BCH/USD Trims Recent Gains

Key Points

  • Bitcoin cash price after trading as high as $2948 started a new downside wave against the US Dollar.
  • There was a break below a short-term bullish trend line with support at $2560 on the hourly chart of BCH/USD (data feed from Kraken).
  • The pair is now back in the bearish zone below $2600 and the 100 hourly simple moving average.

Bitcoin cash price reversed all its gains from the $2950 high against the US Dollar. BCH/USD is now below $2600 and is showing a few bearish signs.

Bitcoin Cash Price Resistance

It was a bullish run yesterday from the $2550 swing low in bitcoin cash price against the US Dollar. The price traded above the $2800 level and formed a high at $2948. Later, it faced a lot of selling pressure and the price tumbled below the $2700 and $2600 support levels. During the downside move, the price also cleared the $2580 support and settled below the 100 hourly simple moving average.

Moreover, there was a break below a short-term bullish trend line with support at $2560 on the hourly chart of BCH/USD. It seems like the pair has trimmed most of its gains and is currently in the bearish zone below $2500. The recent low formed was at $2353 from where the price attempted a recovery. It moved above the 23.6% Fib retracement level of the last drop from the $2948 high to $2353 low. However, the upside move was capped by the $2550 resistance and the 100 hourly SMA.

Bitcoin Cash Price Technical Analysis BCH USD

Furthermore, there was no break of the 38.2% Fib retracement level of the last drop from the $2948 high to $2353 low. Clearly, BCH is struggling below the $2500 level and it remains at risk of more declines.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is now placed heavily in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is now well below the 50 level.

Major Support Level – $2350

Major Resistance Level – $2550

 

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Technical Analysis – BCH/USD Trims Recent Gains appeared first on NewsBTC.

New Token Trading Pairs on Ethfinex

BAT, FUN, ZRX, MANA, SPANK & TNB trading now live

We’re pleased to announce the addition of a number of high-quality Ethereum tokens today. As of this moment, BAT, FUN, ZRX, MANA, SPANK and TNB are all tradable on Ethfinex against ETH and USDT. You can read more about these projects on our support page and share your thoughts on their merits here.

Ethfinex operates on the belief that users should dictate the listing process of tokens on the exchange, as one of the steps towards decentralising the platform. It is for this reason that we are excited to announce the addition of the tokens above — many of which have been heavily requested on our Token Listing page, Twitter, Reddit and earlier poll.

The teams above have added significant value to the Ethereum ecosystem and we are happy to be supporting their continued progress.

Are there other tokens you’d like to see listed on Ethfinex? Visit our Token Listings page to let the community know why.

Follow our Twitter to stay up to date with announcements, token additions and more as we progress through the Ethfinex beta launch.

You can learn more about Ethfinex via our whitepaper and ask us questions on our subreddit or Telegram channel.

Interested in joining the Ethfinex team? Check out our LinkedIn for updates on job postings.



New Token Trading Pairs on Ethfinex was originally published in Ethfinex on Medium, where people are continuing the conversation by highlighting and responding to this story.

Answering all cryptocurrency newbie questions

Trying to get the grip on that whole crypto thing? Not sure when to buy/sell or how to spot the next potential big gainer? There is a set of questions that every new person in crypto asks so for the sake of your learning curve and my limited time I’ve decided to answer of all them in this small paper.

Before we begin — the following article presents my ways of trading and may differ from what other traders are doing. This is not financial advice — I’m just showcasing methods that work for me, so as always DYOR and don’t follow blindly a dude pretending to be a monkey on twitter.

The article is divided by specific questions. If you are not interested in a certain topic just jump into the next one. In the end I will present some general tips and recommend certain traders to follow. Let’s begin!

“When should I buy?”

The following question will be answered from the TA perspective, so it assumes you know at least some of the basics. To understand how to get good entries outside of TA or how to start learning it — stay withing the article, I’m talking about it in latter parts.

Buying in crypto for me has 2 perspectives. The first one is based on market cycles. You probably recognize this one:

When you look at the altcoin’s weekly or daily candles you will see a very similar pattern going on for most of them in 2017. A steady, sometimes rapid pump followed by a long-lasting downtrend and an accumulation zone going into another cycle. Good recent example of that is $LBC:


Looks familiar?

The main goal in a year-long perspective is to accumulate around bottoms before the real altcoin cycles begin and get the profits once they reach their tops. The second part of the year usually goes by swing trades and new projects (that’s also where the ICOs did have their prime time this year).

The second perspective is when do we buy the coins before and inside of that cycle. A perfect set-up can have different meaning for everyone, as it depends on the time-frame and expected gains. When I am talking about a good entry I usually mean:

  • Support line inside a common pattern
  • Previous accumulation zone after completing the cycle, with a confirmation of a bottom
  • Breakout point or pullback on previous resistance

The following $ETC chart shows a lot of that here. Currently sitting on a support line inside a symmetrical triangle, very close to the all-time resistance line and is at the levels of accumulation zone from April. All that after double bottom trend reversal with high volume and bullish indicators. A very tasty bite.

On a smaller time frame we got A&E bottom that appeared on most of the alts during the previous month. Those bottoms may always look differently (triple bottom as you will see below with $POSW) so look for other indicators such as growing volume or HHHL (higher highs, higher lows) to confirm stronger reversal and start of the uptrend. This is basically the position you would like to place your bets on for the upcoming rallies.

With $POSW we got multiple support retests and a long-term resistance trend line break through. That usually means a start of an accumulation zone where the price stays stable and smart money (future you) is accumulating for the upcoming rallies. When you look at the area before the spike — it returned to the same levels, showcasing once again how the cycles work. This one was especially bullish as $BTC was still going for its ATH.

Not every chart is the same of course, so it’s always important to zoom out and look for similar patterns. Some cycles might be sped-up some may go slower but one of the main rules of TA is that history repeats itself. Example below — $DOT with its 3x spikes, currently on the move for its possibly 3rd attempt at that pattern.


Take a look how BBands got really squeezed each time before big movements

For the shorter term entries, like in the example below — after the spike — I am always waiting for a pullback. Entering during a green dildo will not only give me a bad spot to set-up my stop-losses but also puts me in a direct risk of getting underwater with the buy before I evaluate my position. For entering inside a pullback I am using Fibs measured from the bottom to the top of the pump. The golden ratio that I am always looking at is 0.618 as seen in the examples below with $XEM and $ENG. Both of them went on pretty crazy runs afterwards, meaning that was the local bottom of a very strong uptrend.

Another thing I am looking for in entries are retests of previous resistances. Usually after a strong breakout confirmed by a good volume the price comes back to retest a long-term trend line in order to bounce off of it. That’s a very bullish sign usually confirming start of the new uptrend, especially if it’s done on a bigger time frames. Recent examples — $VIA and $BCH.

There are of course dozens of other indicators that traders are using to pick up good entries such as Ichimoku cloud’s and EMA’s crosses but those topics are too broad to talk about them here. During the next parts of this article you will be presented with good TA materials to study so that you can find techniques that work best for you.

“When should I sell?”

Selling depends highly on your style of trading — are you a day trader or an investor? You want some quick profits from the swings or you prefer holding the coins for maximum profit? The answer to both cases is actually pretty similar. Keep in mind that the following analysis is assuming that you know some of the TA basics — more info on how to start is available in the next parts of this article.

General rule — I pick my exit points accordingly to previous key levels (local ATH, trendlines, strong supports etc) and fib levels. I usually confirm the sell by analyzing RSI. Most of the time I hold the majority of the bag outside of my initial investment until I see a potential reversal signs, while taking some profits along the way.

Finding an exit point in short-term is very similar to finding it long-term. The main difference is basically time frames that are being used. For very quick trades the best way to find a profitable swing is recognizing patterns such as ascending triangles, bull flags etc. Those are quick consolidation levels in a clear uptrend which have very predictable outcome levels. $LINK as the example below had a textbook triangle going on after a bigger spike.

For more general exit points I’m always looking at the bigger picture. Where is the next bigger resistance line (previous support turns into current resistance) or the next fib level. Keep in mind that it all should be in a clear uptrend, being bullish in an obvious downtrend is almost like an illness — don’t allow yourself to become a bulltard.

Keep in mind that the road to the target is never that easy. There will be dozens of other small patterns in between which give more short-term opportunities. Take a look at the $NEO chart — the first target was the previous support and second one was the biggest resistance available, connected to the 1 fib level from the ATH. Simply holding will get you to the target but there were a lot of pullbacks and smaller flags along the way.

There are also cases of absolute tops after a parabolic movements like recent $XVG run. At those times more than TA I prefer to go with the market sentiment. During final pushes I’ve seen articles claiming that verge is going to be the next bitcoin and that’s outside of overall euphoria. The old golden rule fits perfectly here — buy the FUD, sell the greed. And God damn verge shillers got no shame when it comes to buying a coin which did x2000 $BTC-wise in less than a year.


Goodbye old friend, you will not be missed

“How do I start with TA?”

Here is the list of things that I think are more than enough to start learning TA:

Technical Analysis of the Financial Markets by John J. Murphy

https://www.babypips.com/

https://www.youtube.com/user/carpenoctom

And that’s literally it. Everything that you need to know can be taken out of those 3 sources. Once you get the basics you can start looking for some individual indicator tutorials on YouTube. Of course this is only theory — to really start using TA you need to create your own charts from the first moment you grab that book/website. Try experimenting with different indicators, draw some scenarios and come back to see if they work. Learn from other traders and see what works for them, because everybody got a different recipe for a good TA. Those are the twitter traders that I recommend, make sure to check them out:

@MPovolotski @cryptowilson @cryptocred @crypto_loot @cryptoWalk3r @Crypto_Ed_NL @CryptoTutor @VentureCoinist @Beetcoin @crypto_rand @galaxybtc @CarpeNoctom @CRYPTOBANGer @anambroid @Anbessa100

Not much more to it than this. You have to put a lot of work in. Even if you do not want to chart yourself, you should get the basics to recognize and analyze work of other people. Small tip from myself — simple TA = better TA. Don’t over complicate it. I tend to only use trend lines and RSI, sometimes Ichimoku, BBands and EMAs.

“What do you think about coin X?”

The most common question of them all. When you are asking about a certain coin you should realize that me or every other trader must do the same work as you would if you did a research on it. Check the recent price action, use cases, team, roadmap — everything. Even if you do not know the technology and TA that well — this is the way to finally learn it.

Speaking from the experience — my real gains started when I was finally able to find those undervalued coins by myself, before anybody started talking about them. That’s how I found $POWR in pre-ico and that’s how I did 30x on $XRB, 25x on $BCO and x15 on $XBY only recently. If you are serious about staying in this space for long time then doing your own research and trusting it is the first step you should take. Unless you want to end up like this guy (legit questions that I receive daily):

Understand that getting a confirmation that a coin is good from your favorite trader doesn’t change anything about it. Even if somebody tells you it is great you still should be aware of its specifics, tech and people behind it. So cut the umbilical cord and start doing some research.

“Which coins should I invest in?”

The ones that you think are going to grow from the moment you put your money in, till the moment you take it out.

Depending on your preference — as always — in the short term you could be looking at the coins that are having a pretty big release coming up (to look them up use http://coinmarketcal.com/). There is usually some FOMO leading to the event but remember that news are always already priced-in in some way — don’t take that growth for granted. For every other occasion you should be looking for coins that:

  1. Have good fundamentals (use cases, good team, low supply, USP)
  2. Have good looking charts (yet unpumped, not in a clear downtrend, during a pullback after a breakout)
  3. Are yet undiscovered by bigger audience (use $tags on twitter to see how many people are talking about them)

If you don’t have the time/don’t want (sigh…) to do your own research there are a lot of free/paid groups out there providing these kind of calls. If you are willing to put your money into somebody else’s pick — I can’t blame you, if the person knows its stuff then it might be highly profitable. It gets trickier when the pick doesn’t work and the only person who lost on the bet is you.


A must-have tool in your crypto-research toolkit

I’m going to go on a small rant here to actually answer that one. Being spoon-fed is the cancer of crypto. You should understand that there is a lot more to trading than just taking/buying the signals from successful traders. You should know what % of portfolio should go into each coin, how long do you want to hold it, how to set stop-losses on it, at what level should you take some profits from it or how to act when the market suddenly crashes. Every trader has a different strategy and risk tolerance. Nobody takes responsibility for a loss besides you so if you are going to invest your money in a coin be aware of all the other elements of trading before relying completely on some random twitter people (including me). It’s all fun and games when you make money in the bull market — not so much when the pumps stop and you are left with sustaining the profit by yourself.

The truth is most of the people having paid groups now (or even free call channels) were just like you few months ago. The difference is that they put in the work to learn the game and become self sustainable. Basically most of the calls from the groups could be found either for free or by research, but that would require time and learning from people who don’t want to do. If you have to join — join one that is teaching TA/FA. Nothing actually wrong in that — if there is a demand why not take advantage of it? Same goes the other way, as the groups can be really profitable for users if they really don’t have enough time to do research by themselves. But let’s be real, I’ve read way too many messages begging for tips to know how majority of this works.

Just don’t be like this guy. Not asking for an advice on what to buy should go in pair with putting in work on your own.

And if you do use other’s hard work — at least appreciate it, say thanks and maybe even throw a tip in there after a good trade. No wonder a lot of bigger traders are hesitant to help the newbies if all they do is demand.

“What should I do with my alts when BTC is running?”

For the last few months people are consistently dumping alts when $BTC moons. At our current position (with alts starting their new uptrends and are generally bullish) I don’t mind holding through the dips. I treat that as a healthy correction before running even higher.

If you are a day trader though, that’s a different story. It would be more logical to sell before all the dumps but the margin of error is small here. If you are not an experienced trader it’s actually pretty hard to get the timing right and more often than not it ends in something like this:


You would be surprised how many people do that

It all comes down to your individual preferences. Sticking to your strategy is essential here, panicking is what will always get you rekt. First recent “blood” actually took my portfolio to 15% more gains, while other traders sold and increased their positions so there is no golden rule. The second one got me pretty rekt but still in great profits. Be aware however that the correlation might change in the future and we could see alts and $BTC mooning together. Best solution in between would be having some tight stop-losses on profits with signals but until we are that early into this altcoins cycle I’m not ready yet to sell any of my good entries.

“Should I continue to hold?”

What was your entry? Are you confident in the project? Did you enter for a swing trade or is it a long-term trade for you? There is too many individual questions to answer that one with a yes/no. Nobody can pull the trigger for you so before going into the trade try deciding on what kind of trade it is.

If you have a good entry level and believe in the project’s potential — hold for bigger gains, selling small amounts along the way.

If you are not sure about the project’s direction and your position right now is shaky — set up some tight stop-losses. If it manages to run you will get some additional profit. If not — you always get some spare $BTC to buy the dip or move on to the next project.

Once again it all comes down to one thing — doing your own research and knowing when do you want to realize profits from that specific trade.

One more thing, essential one — $HODL is one of the worst advices I’ve heard in this space. You never want to be underwater with your bag when it’s clear that it is beginning its downtrend.

Cut your losers quickly, let your winners run — holding makes sense when are in a very undervalued, under the radar gem. That’s how you maximize profits. You wait till it reaches more people, gaining volume and value up from your very low entry. Holding doesn’t make sense when you are going down from a huge pump or the market is crashing with at best a chance to get even. Even if one day it recovers to the previous levels, you are missing out on a ton of trades that could’ve been done during the time of your holding.

“How do I find a new gem?”

Let’s make something clear from the start — finding a new, undervalued projects takes A LOT of time and effort. No other way around it. Since I’ve got 2 very good articles below this answer, I will only tell my quick ways how I am digging up new gems:

  • Coinmarketcap

Open up https://coinmarketcap.com/ and dig. Go to the Recently Added page and research every new coin daily. Go below top 400 and check. literally. every. coin. All the traders that find those gems on twitter are doing just that — spending long hours on studying coins that 99% of other people never heard of. Look if there is some recent volume appearing on them, if the project itself is legit and if there is anything coming up development-wise. It usually takes few good shills to get the under the radar gem flying across the twitter.


Check the new coins daily — it usually takes some time before people realize their existance
  • Twitter big profiles

Recently there are more and more traders who ask for people’s bags. Take advantage of that and research every thread like this for the $tags that you never heard before. People with early entries like to promote their coins to the bigger profiles in hope of having them recognized.

  • Bitcointalk / New ANNs

Open up https://bitcointalk.org/ and go through the threads and all the newly added ANNs. You got here tons of shilling and basically every new project before it even hits CoinMarketCap. If you really want to be early in a project and watch it gain traction — that’s the way to do it. I would say that 90% of content there is not even readable because of all the trolling and pure stupidity, but hey — that’s crypto. Also check out ANN bot on twitter if you want to only focus on the new threads the second they appear on the forum.

Now take a look at these 2 articles by @daytradernik and @crypto_rand. Very insightful stuff from 2 of the most successful traders out there.

“Which coin is the next 100x?”

The one that you get when it’s not known yet and you hold it long enough to see these kind of gains. Sometimes it takes a month ($XRB), sometimes it takes years. Patience is the key to success here. Don’t FOMO into other coins if you want to catch those X’s


It often takes time to recognize good technology

“Is it too late to enter now?”

One of my main rules that I live by in crypto is to never chase the pump. If I miss a good entry on a coin I go to a different occasion as there are dozens of them daily. I understand that going into a coin that is pumping might be temping because of the quick gains but it’s actually the opposite of it. The point here is to get an entry before the coin gets recognition, not in the middle of the growth. Going after a green dildo because of FOMO or whatever other reason is connected to a lot of risk outside of having a very bad entry, which has bigger consequences than just smaller gains (vulnerable for volatility, no way of setting normal stop-losses).

There is a reason why all the good traders are trying to buy the dips for the few weeks before altcoin cycle starts and not after they’ve already launched. So is it too late to enter now? Most of the times you are asking this— yes. Wait for the pullback if you want to enter. Especially if you really like the project for long-term and this might be the last chance to catch it at lower levels (after a big announcement). You got at least few new coins added daily and dozens of them shilled by twitter every hour. You got ICOs, new announcements for older coins, rumored partnerships and hundreds of other events basically everyday.

And you are going to leave your X00% potential position for a 30% pump?

“How much should I sell after my coin pumps?”

That’s a very individual case. I like to sell my initial investment after I feel the first initial pump is done. It may mean going 50/100/200 or even 1000%, it all depends on a project. It is preferable to sell some amounts, even small ones, along the way to always have some spare $BTC to buy the dips.

Also — don’t be afraid to sell most of the coins when the time is right — there is a reason why so many people are making fun of $DGB bagholders. Consider leaving some of the coins for some future pumps though — it eases your mind that you are not missing out when it pumps again. I usually leave around 10% of my total bag.

“How do I manage my risk better?”

When I say that there is much more to trading then just buying low, selling high I usually mean risk management. It’s very easy to ride the pumps but very hard to keep the profits when the market goes into the downtrend. I could divide risk management into 2 main parts:

  1. Keeping your coins safe. That means not using exchanges as your wallet, always having 2FA on, never sharing your private keys, using hardware wallet etc. There is a person much better oriented in that then me and basically anybody else on the planet so I will let @notsofast talk here:

https://steemit.com/bitcoin/@notsofast/4-ways-to-secure-your-bags-bitcoin-altcoins-cryptoasset-tokens-whatever-a-notsofast-security-primer

2. Second part is managing your risks while trading. Those rules may differ for every trader but I will say what works for me and keeps me sane at all times:

  • Always have some free $BTC lying around. This allows you to buy the dips, enter sudden occasions and is generally healthy for the portfolio’s growth as the whole market trades in $BTC pairs and all alts usually dip at once during $BTC rallies.
  • Diversify your portfolio. You never want to be stuck with all your money in 1 or 2 project (unless it’s $BTC or $ETH). Having bigger amount of coins lowers your overall risk and no coin in crypto is a sure-fire bet to never suddenly crash. A good example by @needacoin — while having 10 bags you only need 1 of them to go 10x to be even when every other trade literally goes to 0. One or two winners can cover-up for overall terrible day for all your other positions. Of course try not to over-diversify —lowering your risk also lowers your profitability. You are here to make money, not to catch all the pumps with 5$ bills.
  • Always set-up stop-losses. People that say they never work and trigger all the time making them lose money usually are the people who enter in terrible spots. The point of stop-losses is to put them below important support lines, so that when they trigger you can be sure the downfall will be even stronger than the level your order got filled. Setting a 10% stop-loss after entering the middle of a green candle makes as much sense as the recent $ADA growth. There is no point in staying underwater with your bag if you can buy it back lower or enjoy the ride with $BTC while it destroys other alts. Just remember to set the alarms when the target is hit.
  • Don’t put the majority of your portfolio in very low caps. This one if for the people who want to have a steady growth and not gamble with 90% of their stash on shitcoins. The smaller a coin is the more volatile it is. I am trying usually to put a very low % of my portfolio in lower-cap and let it become a bigger position with time due to its growth. Shitcoins are vulnerable to manipulation and often have problems with liquidity so try allocating your $BTC accordingly to the level of risk a coin represents.
  • Take profits on the way up. That’s a healthy way of increasing your $BTC amount and it gives you more flexibility on the next moves. It would also hurt less if you don’t manage to sell the coins at the top, which doesn’t happen a lot anyway.

General tips

Learn the game. Like really, don’t be lazy and start studying the space. No success will come for you in the long-term unless you learn TA and FA by yourself.

When you’re looking at the coin — look at the $BTC value. Use USD charts to help you with deciding on an entry but the name of the game is still obtaining as much $BTC as possible. There is a reason why holding $BTC from June to November was more profitable than 95% of alts during that period (they held their USD value, incredible).

Don’t get trapped into twitter shilling a coin, you always want to be invested in one before everyone starts talking about it. Most of the talk is done because people are holding the coin already and what to increase it’s value.

Don’t fall in love with your coin — have the balls to sell it when the time is right, even if it doesn’t make sense fundamentally for it to start a downtrend. Market cycles live their own lives and you are here to make profit first.

Don’t fall for big accounts shilling ref links to Bitmex. Unless you really know your stuff you shouldn’t be playing high leverage. That’s basically gambling without good TA skills.

Understand that you cannot get all the pumps. There are dozens of them daily and that FOMO feeling is even worse because everybody is talking about the pump on twitter. Turn that off. If not today, they will shill your bag tomorrow.

Set up your own strategy. Every trader is different and it makes no sense to follow somebody with a different risk tolerance levels are basically game style (swing traders/investor etc). Decide on what’s important to you and model your game around that.

If you want to enter into a pumping coin — at least wait for the pullback, never jump straight out into it. That’s a recipe for a disaster 95% of the time. Treat it like poker — you always want to make a right play, not the most profitable one.

Always watch $BTC when trading alts. $BTC is the king and right now he decides what is going to happen. Are we sideways and mooning or are we mooning and dipping alts?

Always have some spare $BTC to buy the dips and keep flexibility. I would never recommend being 100% in alts, the market is too volatile. Keep your options open.

Always sell some profits on the way up to keep diversifying portfolio. It’s better to look for another 10x than keep all the money in something that already pumped. Also the risk is lower.

Always set stop-losses. If you have good entries they will not get triggered like most of the people say. It will allow you to have liquidity and never be underwater.

Be humble — don’t think you’re a god cause you caught a really good pump. Even a monkey can catch a 10x at the right time. Never stop learning and understand that it’s the profit’s sustaining that is hard — not making it.

Good entry is more important than catching a pump. You have a lot more flexibility when you enter in a good spot, not forcing you to sell quickly to avoid a loss. It keeps your options open.

Don’t be afraid to take profits. That applies to taking profits on the way up to diversify with new coins or taking profits from everything once the moment is right (alt season done, market crashing, big events in general). Don’t fall in love in your investment, that will bring you down with it.

Never put too much into a risky coin. Bigger profitability might be tempting but keeping your portfolio stable and your head cool is more important than some additional %. Smaller coins are easily manipulated so you never want to expose yourself too much to such risks.

Never invest more than you can lose. That’s obvious but many people still are too greedy to get easy gains. I’ve received my share of “help me” messages to know that’s true.

Learn the basics of TA to know when to buy and when to sell, it’s essential. No single article like this will give you that — you have to put in your own time.

Appreciate the work other people do. Traders here are spending hours doing research and sharing it for free for others to have it without basically any effort. Say thanks, tip them, don’t demand more.

Recommended crypto traders

Outside of the TA masters that I recommended in the previous question you should also take a look at these:

@ThisIsNuse @bitcoin_dad @Sicarious_ @Cryptonoobie @FatihSK87 @AceOfWallStreet @cryptomocho @SilverBulletBTC @needacoin @daytradernik @MagUra_Crypto @AngeloBTC @VerthagOG @cryptopicasso @ZeusZissou @crypto_birb @Crypto_Brahma @tehMoonwalker

Special follow — @notsofast. Most knowledgeable guy in crypto as far as I’m concerned.

This should give you a perfect mixture of FA, TA, low caps and overall crypto knowledge from the people who are here basically from the beginning.

If you got any additional questions — hit me up on twitter @CryptOrangutang. Thanks for the attention everybody, happy trading and keep it safe out there!

Appreciating my work and calls?
Tipjar $BTC: 1LMJ19CbvxfR1PjiX64V95Xwd6UJyCeZgj

My telegram: https://t.me/cryptorangutang

Answering all cryptocurrency newbie questions

Trying to get the grip on that whole crypto thing? Not sure when to buy/sell or how to spot the next potential big gainer? There is a set of questions that every new person in crypto asks so for the sake of your learning curve and my limited time I’ve decided to answer of all them in this small paper.

Before we begin — the following article presents my ways of trading and may differ from what other traders are doing. This is not financial advice — I’m just showcasing methods that work for me, so as always DYOR and don’t follow blindly a dude pretending to be a monkey on twitter.

The article is divided by specific questions. If you are not interested in a certain topic just jump into the next one. In the end I will present some general tips and recommend certain traders to follow. Let’s begin!

“When should I buy?”

The following question will be answered from the TA perspective, so it assumes you know at least some of the basics. To understand how to get good entries outside of TA or how to start learning it — stay withing the article, I’m talking about it in latter parts.

Buying in crypto for me has 2 perspectives. The first one is based on market cycles. You probably recognize this one:

When you look at the altcoin’s weekly or daily candles you will see a very similar pattern going on for most of them in 2017. A steady, sometimes rapid pump followed by a long-lasting downtrend and an accumulation zone going into another cycle. Good recent example of that is $LBC:


Looks familiar?

The main goal in a year-long perspective is to accumulate around bottoms before the real altcoin cycles begin and get the profits once they reach their tops. The second part of the year usually goes by swing trades and new projects (that’s also where the ICOs did have their prime time this year).

The second perspective is when do we buy the coins before and inside of that cycle. A perfect set-up can have different meaning for everyone, as it depends on the time-frame and expected gains. When I am talking about a good entry I usually mean:

  • Support line inside a common pattern
  • Previous accumulation zone after completing the cycle, with a confirmation of a bottom
  • Breakout point or pullback on previous resistance

The following $ETC chart shows a lot of that here. Currently sitting on a support line inside a symmetrical triangle, very close to the all-time resistance line and is at the levels of accumulation zone from April. All that after double bottom trend reversal with high volume and bullish indicators. A very tasty bite.

On a smaller time frame we got A&E bottom that appeared on most of the alts during the previous month. Those bottoms may always look differently (triple bottom as you will see below with $POSW) so look for other indicators such as growing volume or HHHL (higher highs, higher lows) to confirm stronger reversal and start of the uptrend. This is basically the position you would like to place your bets on for the upcoming rallies.

With $POSW we got multiple support retests and a long-term resistance trend line break through. That usually means a start of an accumulation zone where the price stays stable and smart money (future you) is accumulating for the upcoming rallies. When you look at the area before the spike — it returned to the same levels, showcasing once again how the cycles work. This one was especially bullish as $BTC was still going for its ATH.

Not every chart is the same of course, so it’s always important to zoom out and look for similar patterns. Some cycles might be sped-up some may go slower but one of the main rules of TA is that history repeats itself. Example below — $DOT with its 3x spikes, currently on the move for its possibly 3rd attempt at that pattern.


Take a look how BBands got really squeezed each time before big movements

For the shorter term entries, like in the example below — after the spike — I am always waiting for a pullback. Entering during a green dildo will not only give me a bad spot to set-up my stop-losses but also puts me in a direct risk of getting underwater with the buy before I evaluate my position. For entering inside a pullback I am using Fibs measured from the bottom to the top of the pump. The golden ratio that I am always looking at is 0.618 as seen in the examples below with $XEM and $ENG. Both of them went on pretty crazy runs afterwards, meaning that was the local bottom of a very strong uptrend.

Another thing I am looking for in entries are retests of previous resistances. Usually after a strong breakout confirmed by a good volume the price comes back to retest a long-term trend line in order to bounce off of it. That’s a very bullish sign usually confirming start of the new uptrend, especially if it’s done on a bigger time frames. Recent examples — $VIA and $BCH.

There are of course dozens of other indicators that traders are using to pick up good entries such as Ichimoku cloud’s and EMA’s crosses but those topics are too broad to talk about them here. During the next parts of this article you will be presented with good TA materials to study so that you can find techniques that work best for you.

“When should I sell?”

Selling depends highly on your style of trading — are you a day trader or an investor? You want some quick profits from the swings or you prefer holding the coins for maximum profit? The answer to both cases is actually pretty similar. Keep in mind that the following analysis is assuming that you know some of the TA basics — more info on how to start is available in the next parts of this article.

General rule — I pick my exit points accordingly to previous key levels (local ATH, trendlines, strong supports etc) and fib levels. I usually confirm the sell by analyzing RSI. Most of the time I hold the majority of the bag outside of my initial investment until I see a potential reversal signs, while taking some profits along the way.

Finding an exit point in short-term is very similar to finding it long-term. The main difference is basically time frames that are being used. For very quick trades the best way to find a profitable swing is recognizing patterns such as ascending triangles, bull flags etc. Those are quick consolidation levels in a clear uptrend which have very predictable outcome levels. $LINK as the example below had a textbook triangle going on after a bigger spike.

For more general exit points I’m always looking at the bigger picture. Where is the next bigger resistance line (previous support turns into current resistance) or the next fib level. Keep in mind that it all should be in a clear uptrend, being bullish in an obvious downtrend is almost like an illness — don’t allow yourself to become a bulltard.

Keep in mind that the road to the target is never that easy. There will be dozens of other small patterns in between which give more short-term opportunities. Take a look at the $NEO chart — the first target was the previous support and second one was the biggest resistance available, connected to the 1 fib level from the ATH. Simply holding will get you to the target but there were a lot of pullbacks and smaller flags along the way.

There are also cases of absolute tops after a parabolic movements like recent $XVG run. At those times more than TA I prefer to go with the market sentiment. During final pushes I’ve seen articles claiming that verge is going to be the next bitcoin and that’s outside of overall euphoria. The old golden rule fits perfectly here — buy the FUD, sell the greed. And God damn verge shillers got no shame when it comes to buying a coin which did x2000 $BTC-wise in less than a year.


Goodbye old friend, you will not be missed

“How do I start with TA?”

Here is the list of things that I think are more than enough to start learning TA:

Technical Analysis of the Financial Markets by John J. Murphy

https://www.babypips.com/

https://www.youtube.com/user/carpenoctom

And that’s literally it. Everything that you need to know can be taken out of those 3 sources. Once you get the basics you can start looking for some individual indicator tutorials on YouTube. Of course this is only theory — to really start using TA you need to create your own charts from the first moment you grab that book/website. Try experimenting with different indicators, draw some scenarios and come back to see if they work. Learn from other traders and see what works for them, because everybody got a different recipe for a good TA. Those are the twitter traders that I recommend, make sure to check them out:

@MPovolotski @cryptowilson @cryptocred @crypto_loot @cryptoWalk3r @Crypto_Ed_NL @CryptoTutor @VentureCoinist @Beetcoin @crypto_rand @galaxybtc @CarpeNoctom @CRYPTOBANGer @anambroid @Anbessa100

Not much more to it than this. You have to put a lot of work in. Even if you do not want to chart yourself, you should get the basics to recognize and analyze work of other people. Small tip from myself — simple TA = better TA. Don’t over complicate it. I tend to only use trend lines and RSI, sometimes Ichimoku, BBands and EMAs.

“What do you think about coin X?”

The most common question of them all. When you are asking about a certain coin you should realize that me or every other trader must do the same work as you would if you did a research on it. Check the recent price action, use cases, team, roadmap — everything. Even if you do not know the technology and TA that well — this is the way to finally learn it.

Speaking from the experience — my real gains started when I was finally able to find those undervalued coins by myself, before anybody started talking about them. That’s how I found $POWR in pre-ico and that’s how I did 30x on $XRB, 25x on $BCO and x15 on $XBY only recently. If you are serious about staying in this space for long time then doing your own research and trusting it is the first step you should take. Unless you want to end up like this guy (legit questions that I receive daily):

Understand that getting a confirmation that a coin is good from your favorite trader doesn’t change anything about it. Even if somebody tells you it is great you still should be aware of its specifics, tech and people behind it. So cut the umbilical cord and start doing some research.

“Which coins should I invest in?”

The ones that you think are going to grow from the moment you put your money in, till the moment you take it out.

Depending on your preference — as always — in the short term you could be looking at the coins that are having a pretty big release coming up (to look them up use http://coinmarketcal.com/). There is usually some FOMO leading to the event but remember that news are always already priced-in in some way — don’t take that growth for granted. For every other occasion you should be looking for coins that:

  1. Have good fundamentals (use cases, good team, low supply, USP)
  2. Have good looking charts (yet unpumped, not in a clear downtrend, during a pullback after a breakout)
  3. Are yet undiscovered by bigger audience (use $tags on twitter to see how many people are talking about them)

If you don’t have the time/don’t want (sigh…) to do your own research there are a lot of free/paid groups out there providing these kind of calls. If you are willing to put your money into somebody else’s pick — I can’t blame you, if the person knows its stuff then it might be highly profitable. It gets trickier when the pick doesn’t work and the only person who lost on the bet is you.


A must-have tool in your crypto-research toolkit

I’m going to go on a small rant here to actually answer that one. Being spoon-fed is the cancer of crypto. You should understand that there is a lot more to trading than just taking/buying the signals from successful traders. You should know what % of portfolio should go into each coin, how long do you want to hold it, how to set stop-losses on it, at what level should you take some profits from it or how to act when the market suddenly crashes. Every trader has a different strategy and risk tolerance. Nobody takes responsibility for a loss besides you so if you are going to invest your money in a coin be aware of all the other elements of trading before relying completely on some random twitter people (including me). It’s all fun and games when you make money in the bull market — not so much when the pumps stop and you are left with sustaining the profit by yourself.

The truth is most of the people having paid groups now (or even free call channels) were just like you few months ago. The difference is that they put in the work to learn the game and become self sustainable. Basically most of the calls from the groups could be found either for free or by research, but that would require time and learning from people who don’t want to do. If you have to join — join one that is teaching TA/FA. Nothing actually wrong in that — if there is a demand why not take advantage of it? Same goes the other way, as the groups can be really profitable for users if they really don’t have enough time to do research by themselves. But let’s be real, I’ve read way too many messages begging for tips to know how majority of this works.

Just don’t be like this guy. Not asking for an advice on what to buy should go in pair with putting in work on your own.

And if you do use other’s hard work — at least appreciate it, say thanks and maybe even throw a tip in there after a good trade. No wonder a lot of bigger traders are hesitant to help the newbies if all they do is demand.

“What should I do with my alts when BTC is running?”

For the last few months people are consistently dumping alts when $BTC moons. At our current position (with alts starting their new uptrends and are generally bullish) I don’t mind holding through the dips. I treat that as a healthy correction before running even higher.

If you are a day trader though, that’s a different story. It would be more logical to sell before all the dumps but the margin of error is small here. If you are not an experienced trader it’s actually pretty hard to get the timing right and more often than not it ends in something like this:


You would be surprised how many people do that

It all comes down to your individual preferences. Sticking to your strategy is essential here, panicking is what will always get you rekt. First recent “blood” actually took my portfolio to 15% more gains, while other traders sold and increased their positions so there is no golden rule. The second one got me pretty rekt but still in great profits. Be aware however that the correlation might change in the future and we could see alts and $BTC mooning together. Best solution in between would be having some tight stop-losses on profits with signals but until we are that early into this altcoins cycle I’m not ready yet to sell any of my good entries.

“Should I continue to hold?”

What was your entry? Are you confident in the project? Did you enter for a swing trade or is it a long-term trade for you? There is too many individual questions to answer that one with a yes/no. Nobody can pull the trigger for you so before going into the trade try deciding on what kind of trade it is.

If you have a good entry level and believe in the project’s potential — hold for bigger gains, selling small amounts along the way.

If you are not sure about the project’s direction and your position right now is shaky — set up some tight stop-losses. If it manages to run you will get some additional profit. If not — you always get some spare $BTC to buy the dip or move on to the next project.

Once again it all comes down to one thing — doing your own research and knowing when do you want to realize profits from that specific trade.

One more thing, essential one — $HODL is one of the worst advices I’ve heard in this space. You never want to be underwater with your bag when it’s clear that it is beginning its downtrend.

Cut your losers quickly, let your winners run — holding makes sense when are in a very undervalued, under the radar gem. That’s how you maximize profits. You wait till it reaches more people, gaining volume and value up from your very low entry. Holding doesn’t make sense when you are going down from a huge pump or the market is crashing with at best a chance to get even. Even if one day it recovers to the previous levels, you are missing out on a ton of trades that could’ve been done during the time of your holding.

“How do I find a new gem?”

Let’s make something clear from the start — finding a new, undervalued projects takes A LOT of time and effort. No other way around it. Since I’ve got 2 very good articles below this answer, I will only tell my quick ways how I am digging up new gems:

  • Coinmarketcap

Open up https://coinmarketcap.com/ and dig. Go to the Recently Added page and research every new coin daily. Go below top 400 and check. literally. every. coin. All the traders that find those gems on twitter are doing just that — spending long hours on studying coins that 99% of other people never heard of. Look if there is some recent volume appearing on them, if the project itself is legit and if there is anything coming up development-wise. It usually takes few good shills to get the under the radar gem flying across the twitter.


Check the new coins daily — it usually takes some time before people realize their existance
  • Twitter big profiles

Recently there are more and more traders who ask for people’s bags. Take advantage of that and research every thread like this for the $tags that you never heard before. People with early entries like to promote their coins to the bigger profiles in hope of having them recognized.

  • Bitcointalk / New ANNs

Open up https://bitcointalk.org/ and go through the threads and all the newly added ANNs. You got here tons of shilling and basically every new project before it even hits CoinMarketCap. If you really want to be early in a project and watch it gain traction — that’s the way to do it. I would say that 90% of content there is not even readable because of all the trolling and pure stupidity, but hey — that’s crypto. Also check out ANN bot on twitter if you want to only focus on the new threads the second they appear on the forum.

Now take a look at these 2 articles by @daytradernik and @crypto_rand. Very insightful stuff from 2 of the most successful traders out there.

“Which coin is the next 100x?”

The one that you get when it’s not known yet and you hold it long enough to see these kind of gains. Sometimes it takes a month ($XRB), sometimes it takes years. Patience is the key to success here. Don’t FOMO into other coins if you want to catch those X’s


It often takes time to recognize good technology

“Is it too late to enter now?”

One of my main rules that I live by in crypto is to never chase the pump. If I miss a good entry on a coin I go to a different occasion as there are dozens of them daily. I understand that going into a coin that is pumping might be temping because of the quick gains but it’s actually the opposite of it. The point here is to get an entry before the coin gets recognition, not in the middle of the growth. Going after a green dildo because of FOMO or whatever other reason is connected to a lot of risk outside of having a very bad entry, which has bigger consequences than just smaller gains (vulnerable for volatility, no way of setting normal stop-losses).

There is a reason why all the good traders are trying to buy the dips for the few weeks before altcoin cycle starts and not after they’ve already launched. So is it too late to enter now? Most of the times you are asking this— yes. Wait for the pullback if you want to enter. Especially if you really like the project for long-term and this might be the last chance to catch it at lower levels (after a big announcement). You got at least few new coins added daily and dozens of them shilled by twitter every hour. You got ICOs, new announcements for older coins, rumored partnerships and hundreds of other events basically everyday.

And you are going to leave your X00% potential position for a 30% pump?

“How much should I sell after my coin pumps?”

That’s a very individual case. I like to sell my initial investment after I feel the first initial pump is done. It may mean going 50/100/200 or even 1000%, it all depends on a project. It is preferable to sell some amounts, even small ones, along the way to always have some spare $BTC to buy the dips.

Also — don’t be afraid to sell most of the coins when the time is right — there is a reason why so many people are making fun of $DGB bagholders. Consider leaving some of the coins for some future pumps though — it eases your mind that you are not missing out when it pumps again. I usually leave around 10% of my total bag.

“How do I manage my risk better?”

When I say that there is much more to trading then just buying low, selling high I usually mean risk management. It’s very easy to ride the pumps but very hard to keep the profits when the market goes into the downtrend. I could divide risk management into 2 main parts:

  1. Keeping your coins safe. That means not using exchanges as your wallet, always having 2FA on, never sharing your private keys, using hardware wallet etc. There is a person much better oriented in that then me and basically anybody else on the planet so I will let @notsofast talk here:

https://steemit.com/bitcoin/@notsofast/4-ways-to-secure-your-bags-bitcoin-altcoins-cryptoasset-tokens-whatever-a-notsofast-security-primer

2. Second part is managing your risks while trading. Those rules may differ for every trader but I will say what works for me and keeps me sane at all times:

  • Always have some free $BTC lying around. This allows you to buy the dips, enter sudden occasions and is generally healthy for the portfolio’s growth as the whole market trades in $BTC pairs and all alts usually dip at once during $BTC rallies.
  • Diversify your portfolio. You never want to be stuck with all your money in 1 or 2 project (unless it’s $BTC or $ETH). Having bigger amount of coins lowers your overall risk and no coin in crypto is a sure-fire bet to never suddenly crash. A good example by @needacoin — while having 10 bags you only need 1 of them to go 10x to be even when every other trade literally goes to 0. One or two winners can cover-up for overall terrible day for all your other positions. Of course try not to over-diversify —lowering your risk also lowers your profitability. You are here to make money, not to catch all the pumps with 5$ bills.
  • Always set-up stop-losses. People that say they never work and trigger all the time making them lose money usually are the people who enter in terrible spots. The point of stop-losses is to put them below important support lines, so that when they trigger you can be sure the downfall will be even stronger than the level your order got filled. Setting a 10% stop-loss after entering the middle of a green candle makes as much sense as the recent $ADA growth. There is no point in staying underwater with your bag if you can buy it back lower or enjoy the ride with $BTC while it destroys other alts. Just remember to set the alarms when the target is hit.
  • Don’t put the majority of your portfolio in very low caps. This one if for the people who want to have a steady growth and not gamble with 90% of their stash on shitcoins. The smaller a coin is the more volatile it is. I am trying usually to put a very low % of my portfolio in lower-cap and let it become a bigger position with time due to its growth. Shitcoins are vulnerable to manipulation and often have problems with liquidity so try allocating your $BTC accordingly to the level of risk a coin represents.
  • Take profits on the way up. That’s a healthy way of increasing your $BTC amount and it gives you more flexibility on the next moves. It would also hurt less if you don’t manage to sell the coins at the top, which doesn’t happen a lot anyway.

General tips

Learn the game. Like really, don’t be lazy and start studying the space. No success will come for you in the long-term unless you learn TA and FA by yourself.

When you’re looking at the coin — look at the $BTC value. Use USD charts to help you with deciding on an entry but the name of the game is still obtaining as much $BTC as possible. There is a reason why holding $BTC from June to November was more profitable than 95% of alts during that period (they held their USD value, incredible).

Don’t get trapped into twitter shilling a coin, you always want to be invested in one before everyone starts talking about it. Most of the talk is done because people are holding the coin already and what to increase it’s value.

Don’t fall in love with your coin — have the balls to sell it when the time is right, even if it doesn’t make sense fundamentally for it to start a downtrend. Market cycles live their own lives and you are here to make profit first.

Don’t fall for big accounts shilling ref links to Bitmex. Unless you really know your stuff you shouldn’t be playing high leverage. That’s basically gambling without good TA skills.

Understand that you cannot get all the pumps. There are dozens of them daily and that FOMO feeling is even worse because everybody is talking about the pump on twitter. Turn that off. If not today, they will shill your bag tomorrow.

Set up your own strategy. Every trader is different and it makes no sense to follow somebody with a different risk tolerance levels are basically game style (swing traders/investor etc). Decide on what’s important to you and model your game around that.

If you want to enter into a pumping coin — at least wait for the pullback, never jump straight out into it. That’s a recipe for a disaster 95% of the time. Treat it like poker — you always want to make a right play, not the most profitable one.

Always watch $BTC when trading alts. $BTC is the king and right now he decides what is going to happen. Are we sideways and mooning or are we mooning and dipping alts?

Always have some spare $BTC to buy the dips and keep flexibility. I would never recommend being 100% in alts, the market is too volatile. Keep your options open.

Always sell some profits on the way up to keep diversifying portfolio. It’s better to look for another 10x than keep all the money in something that already pumped. Also the risk is lower.

Always set stop-losses. If you have good entries they will not get triggered like most of the people say. It will allow you to have liquidity and never be underwater.

Be humble — don’t think you’re a god cause you caught a really good pump. Even a monkey can catch a 10x at the right time. Never stop learning and understand that it’s the profit’s sustaining that is hard — not making it.

Good entry is more important than catching a pump. You have a lot more flexibility when you enter in a good spot, not forcing you to sell quickly to avoid a loss. It keeps your options open.

Don’t be afraid to take profits. That applies to taking profits on the way up to diversify with new coins or taking profits from everything once the moment is right (alt season done, market crashing, big events in general). Don’t fall in love in your investment, that will bring you down with it.

Never put too much into a risky coin. Bigger profitability might be tempting but keeping your portfolio stable and your head cool is more important than some additional %. Smaller coins are easily manipulated so you never want to expose yourself too much to such risks.

Never invest more than you can lose. That’s obvious but many people still are too greedy to get easy gains. I’ve received my share of “help me” messages to know that’s true.

Learn the basics of TA to know when to buy and when to sell, it’s essential. No single article like this will give you that — you have to put in your own time.

Appreciate the work other people do. Traders here are spending hours doing research and sharing it for free for others to have it without basically any effort. Say thanks, tip them, don’t demand more.

Recommended crypto traders

Outside of the TA masters that I recommended in the previous question you should also take a look at these:

@ThisIsNuse @bitcoin_dad @Sicarious_ @Cryptonoobie @FatihSK87 @AceOfWallStreet @cryptomocho @SilverBulletBTC @needacoin @daytradernik @MagUra_Crypto @AngeloBTC @VerthagOG @cryptopicasso @ZeusZissou @crypto_birb @Crypto_Brahma @tehMoonwalker

Special follow — @notsofast. Most knowledgeable guy in crypto as far as I’m concerned.

This should give you a perfect mixture of FA, TA, low caps and overall crypto knowledge from the people who are here basically from the beginning.

If you got any additional questions — hit me up on twitter @CryptOrangutang. Thanks for the attention everybody, happy trading and keep it safe out there!

Appreciating my work and calls?
Tipjar $BTC: 1LMJ19CbvxfR1PjiX64V95Xwd6UJyCeZgj

My telegram: https://t.me/cryptorangutang

Проектная платформа SwissBorg — современный швейцарский веб банкинг на базе смарт-контрактов

Швейцарская команда разработчиков инновационной платформы SwissBorg ориентирована на революционные решения в сфере управления финансовыми активами, внутри крипто сообщества (среды) Ethereum и приглашают каждого желающего вступить в ряды глобального крипто сообщества будущего. Далее детальней разберем все задумки проекта и выделим его основные преимущества и детализированный план ICO.

Задумка разработчиков платформы SwissBorg

Просто представьте себе традиционный банк с легкой логикой финансовых распределений и валютных операций, предлагающие оптимальные инвестиционные решения, которыми могут воспользоваться все желающие по всему миру (от вкладчиков до крупных игроков инвесторов). Если вы являетесь частным инвестором, финансовым экспертом или владельцем коммерческой организации, именно для вас разработчики платформу SwissBorg создают уникальную, удаленную финансовую экосистему, позволяющая управлять портфелем крипто активом.

Природа «умного» мандата

Как известно, умными мандатами называются вложенные инвестиции на базе платформы блокчейна Эфириума. Симбиоз оцифровки и крипто графии позволяет предоставлять массу технологических настроек и круглосуточную доступность к проекту с любой точки мира. У каждого вовлеченного пользователя будет постоянный доступ к личному интеллектуально настраиваемому мандату, с помощью которого можно будет получать прямой доступ к текущим инвестиционным услугам, и пользоваться первоклассными финансовыми консультациями по всему миру. А с помощью дополнительных услуг, клиенты смогут совершенствовать и повышать показатели своего финансового портфеля.

Базисы инвестиционной стратегии SwissBorg. Команда разработчиков

Проект SwissBorg объединяет под своими идеями профессиональных управленцев и финансовых консультантов, которые обладают внушительным опытом в управлении и распоряжении активами и валютными переводами. Команда SwissBorg Investment Management Division ежедневно, используя самые инновационные и прогрессирующие наработки, добивается максимального результата в управлении рисками с помощью системы машинного интеллекта. Мы также можем похвастаться набором разработанных смарт-индексов, которые помогают клиентам максимально выгодно взаимодействовать с криптовалютой.

Любой участник проекта SwissBorg, изъявивший желание внести свои «финансовые активы» в развитие данной платформы получит «вкусное» вознаграждение, так как 10% от полученной прибыли проекта пойдет на вознаграждение каждому участвующему в проекте клиенту.

Особенности проведения этапа ICO проекта SwissBorg

Все CHSB токены проекта полностью совместимы с принятым крипто стандартом ERC-20.

Цель проведения ICO проекта SwissBorg — собрать не менее 50 млн. штук токенов CHSB. Максимальное число потенциально полученной прибыли от проекта — 1 млн. штук токенов CHSB. Все не распроданные токены будут забронированы под дальнейшие проекты швейцарской компании SwissBorg (подобная практика повседневно встречается в масштабных проектах из сферы крипто активов). Цель финальной стадии ICO — максимальное привлечение большого круга желающих стать полноценным участником глобальной веб-системы банкинга с новыми правилами распределения финансовой прибыли.

Колебания стоимости токенов в зависимости от числа распроданных токенов

5 миллионов — показатель 0.05 SHF

15 миллионов — показатель 0.07 SHF

25 миллионов — показатель 0.08 SHF

50 миллионов — показатель 0.10 SHF

Применение полученных активов от проекта

45% — под развитие системного обеспечения и сопутствующих веб платформ;

20% — маркетинговое продвижение проекта (реклама в сети, СМИ и т.п.);

15% — системные (операционные расходы валюты);

18% — расходы юридического характера (работа с нормативно-правовой базой экономического и финансового сектора);

2% — прочие траты проекта.

Финальное (базовое) распределение токенов среди инвесторов и команды разработчиков SwissBorg

38.5% — под проведение финального ICO;

20% — доходы компании;

15% — различные фонды (как сопутствующие партнеры);

13.5% — крупные и опытные инвесторы;

9% — стратегические вкладчики;

1.5% — доход партнеров и советчиков;

1% — доход под базу Bounty.

Сайт: swissborg.com/

Белая Книга: https://swissborg.com/ru/documents.html

Твиттер: https://twitter.com/swissborg

Мой профиль: https://bitcointalk.org/index.php?action=profile;u=1215773

Проектная платформа SwissBorg — современный швейцарский веб банкинг на базе смарт-контрактов

Швейцарская команда разработчиков инновационной платформы SwissBorg ориентирована на революционные решения в сфере управления финансовыми активами, внутри крипто сообщества (среды) Ethereum и приглашают каждого желающего вступить в ряды глобального крипто сообщества будущего. Далее детальней разберем все задумки проекта и выделим его основные преимущества и детализированный план ICO.

Задумка разработчиков платформы SwissBorg

Просто представьте себе традиционный банк с легкой логикой финансовых распределений и валютных операций, предлагающие оптимальные инвестиционные решения, которыми могут воспользоваться все желающие по всему миру (от вкладчиков до крупных игроков инвесторов). Если вы являетесь частным инвестором, финансовым экспертом или владельцем коммерческой организации, именно для вас разработчики платформу SwissBorg создают уникальную, удаленную финансовую экосистему, позволяющая управлять портфелем крипто активом.

Природа «умного» мандата

Как известно, умными мандатами называются вложенные инвестиции на базе платформы блокчейна Эфириума. Симбиоз оцифровки и крипто графии позволяет предоставлять массу технологических настроек и круглосуточную доступность к проекту с любой точки мира. У каждого вовлеченного пользователя будет постоянный доступ к личному интеллектуально настраиваемому мандату, с помощью которого можно будет получать прямой доступ к текущим инвестиционным услугам, и пользоваться первоклассными финансовыми консультациями по всему миру. А с помощью дополнительных услуг, клиенты смогут совершенствовать и повышать показатели своего финансового портфеля.

Базисы инвестиционной стратегии SwissBorg. Команда разработчиков

Проект SwissBorg объединяет под своими идеями профессиональных управленцев и финансовых консультантов, которые обладают внушительным опытом в управлении и распоряжении активами и валютными переводами. Команда SwissBorg Investment Management Division ежедневно, используя самые инновационные и прогрессирующие наработки, добивается максимального результата в управлении рисками с помощью системы машинного интеллекта. Мы также можем похвастаться набором разработанных смарт-индексов, которые помогают клиентам максимально выгодно взаимодействовать с криптовалютой.

Любой участник проекта SwissBorg, изъявивший желание внести свои «финансовые активы» в развитие данной платформы получит «вкусное» вознаграждение, так как 10% от полученной прибыли проекта пойдет на вознаграждение каждому участвующему в проекте клиенту.

Особенности проведения этапа ICO проекта SwissBorg

Все CHSB токены проекта полностью совместимы с принятым крипто стандартом ERC-20.

Цель проведения ICO проекта SwissBorg — собрать не менее 50 млн. штук токенов CHSB. Максимальное число потенциально полученной прибыли от проекта — 1 млн. штук токенов CHSB. Все не распроданные токены будут забронированы под дальнейшие проекты швейцарской компании SwissBorg (подобная практика повседневно встречается в масштабных проектах из сферы крипто активов). Цель финальной стадии ICO — максимальное привлечение большого круга желающих стать полноценным участником глобальной веб-системы банкинга с новыми правилами распределения финансовой прибыли.

Колебания стоимости токенов в зависимости от числа распроданных токенов

5 миллионов — показатель 0.05 SHF

15 миллионов — показатель 0.07 SHF

25 миллионов — показатель 0.08 SHF

50 миллионов — показатель 0.10 SHF

Применение полученных активов от проекта

45% — под развитие системного обеспечения и сопутствующих веб платформ;

20% — маркетинговое продвижение проекта (реклама в сети, СМИ и т.п.);

15% — системные (операционные расходы валюты);

18% — расходы юридического характера (работа с нормативно-правовой базой экономического и финансового сектора);

2% — прочие траты проекта.

Финальное (базовое) распределение токенов среди инвесторов и команды разработчиков SwissBorg

38.5% — под проведение финального ICO;

20% — доходы компании;

15% — различные фонды (как сопутствующие партнеры);

13.5% — крупные и опытные инвесторы;

9% — стратегические вкладчики;

1.5% — доход партнеров и советчиков;

1% — доход под базу Bounty.

Сайт: swissborg.com/

Белая Книга: https://swissborg.com/ru/documents.html

Твиттер: https://twitter.com/swissborg

Мой профиль: https://bitcointalk.org/index.php?action=profile;u=1215773

Countdown Till Launch

Dear WCX Community,

WCX recently crossed 1.3 million sign-ups. That’s more sign-ups than most exchanges active today.

Every month, WCX is visited by more than 2 million people, almost half of whom are from non-English speaking countries — which speaks to the global nature of the project.

When WCX was announced just a few months ago, our vision was to create a global digital currency exchange that is secure, reliable, low-cost, and easy-to-use. Today, that vision is almost a reality.

As we look forward to the launch, we wanted to take a moment to express how grateful we are to our contributors, subscribers, and every member of our community. From everyone at WCX, thank you!

Public Launch

The product is feature-complete. Our team is performing integration and load testing, as well as hardening and vulnerability testing, to make sure the exchange is safe, secure, and ready to handle millions of transactions. We’re planning to launch WCX to everyone on Saturday, February 10.

As we mentioned in our previous blog post, we’d initially planned to serve around 30,000 traders with the systems we had built. As of today, the number of people who have signed up for WCX is more than forty times that.

To ensure a secure, low-cost, and reliable experience for all users, we redesigned our systems and rebuilt our team from the ground up to meet this newfound demand.

This new effort pushed back the initially planned launch date. You can take a peek at our new backend systems in our API Reference.

From the very beginning, we’ve been focused on bringing our community the best and most secure product, even if that meant delaying the public launch. We’d rather launch a great product late than a mediocre one before it’s ready.

ICO Planning

The WCX tokens offered in our presale program (limited quantity) have been selling out on a daily basis. As promised, we’ll be holding a broader token sale to sell the remaining tokens about four weeks after the exchange launches to the public.

Leading up to the token sale, we’ll be offering detailed insights into our company roadmap and future plans concerning product and marketing direction.

WCXT & USDP

As a reminder, WCXT tokens will begin trading on WCX approximately two weeks after the end of the token sale described above. WCXT will be issued as ERC20 tokens on the Ethereum blockchain. The trading pairs available will be WCXT/BTC, WCXT/ETH, and WCXT/USDP.

Introducing USDP
USDP is a new currency that is pegged to the value of the US Dollar. It allows you to convert out of crypto and hold funds without being affected by volatility and without needing to convert to fiat.

It’s available initially only to WCX users. More details will be posted at launch.

New Benefits
New benefits have been announced recently for WCXT holders:

  • WCX will use up to 20% of the exchange’s profits to buy back WCXT at market price every quarter, until 50% of all WCXT sold are bought back by WCX. The WCXT bought through this buyback program will be destroyed, hence reducing the available supply of WCXT.
  • You’ll be able to use WCXT to recoup rebates on fees and get discounts on future products such as margin trading.
  • You’ll be able to use WCXT as a base token for the decentralized exchange planned to launch at a future date.

We appreciate your patience as we work to launch the exchange in a safe, secure, and scalable manner. We are proud to have every one of you as a member of our community!

– The WCX Team

Back to the Futures (Bitcoin) — An Intro

The title might seem like a tribute to the legendary movie but fortunately or unfortunately, this is anything but that. This article is a humble effort to get an idea about what are Bitcoin Futures and its relation to the traditional Futures market.

Very recently, I talked to some of my friends who wanted to invest in the Cryptocurrency space and I understood that the fad is real! Everyone wants a piece of the cake and jump on the bandwagon of blockchain and crypto. With that in mind, this article won’t be a financial advice or an endorsement of any sort. I write this to give an objective representation of what is out there and nothing else. Sometimes this is also called a “Disclaimer” 😉

All said and done, the Crypto fad is here to stay, and we should accept that. Just like how ants are around sugar, men are around money. I am no saint either! I started my foray into the much talked about ‘Bitcoin Futures’ space and tried to understand it from a layman’s perspective. Some of the things that I found will ‘blow your mind’… NOT!

Enough fooling around. Let’s start!

What are Futures?

The term might seem familiar to you if you have ever ventured into capital market news while scanning through your regular newspaper. Ever wondered what they were? The definition goes as below:

A futures contract (more colloquially, futures) is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future. The asset transacted is usually a commodity or financial instrument. The predetermined price the parties agree to buy and sell the asset for is known as the forward price. The specified time in the future — which is when delivery and payment occur — is known as the delivery date.

Source: Wikipedia.com

Let’s take an example to break this down a bit more so that we can understand this more easily.

Let’s consider that I have 1000 barrels of oil and I live in country XYZ. XYZ is planning to go to war with a neighboring country ABC. If I am a greedy man (I maybe or maybe not), I plan to make some money from this war. Knowing that a war requires resources like oil, I predict that the war might increase the prices of oil due to an increased demand. I buy some oil from someone at the current price so that I can sell that oil at a much higher price once the war starts. This is what is called as a ‘Long position’ in futures. It is when you bet your money on something with an assumption that its price is going to go up in the future.

What happens when there is less demand you ask? Great question.

The opposite happens. Following the world closely, if I get some hints which says that there is going to be an excessive supply of oil, I, being a brilliant businessman (again, I maybe or maybe not), know that the price of oil is going to fall. I sell my oil to someone fearing that I might not get the same return later. This is what is called as a ‘Short position’ in futures. It is when you bet your money on something with an assumption that its price is going to go down in the future.

Note: The above examples are just for understanding the working of futures. The actual trade involves many other variables.

Why Futures?

Futures act as an insurance to help reduce the risk of losing money in times of massive price shifts. This is also called hedging. It is like a reward for people who can predict the future price fluctuations accurately. It’s a shame that after the successful prediction of the apocalypse in 2012, people seem to have lost the knack of it. Thus, unless you have a very good astrologer alongside you or you are an obsessive gambler, you need to follow the developments before placing your bet.

Types of Futures:

The various futures contracts can be classified as shown below:

The earlier example of oil, falls under the Energy category of Futures contract. We will limit this discussion to the basics of futures. Now that we know what futures are and the types, let’s move on to Bitcoin Futures.

Then, what is Bitcoin Futures?

Bitcoin Futures can be like Financial Futures in that they let the people speculate on the value of the currency (bitcoin).

There are several terms used in this context, most notably, we have:

a. Bitcoin Real Time Index (BRTI): The Bitcoin Real Time Index gives a real time U.S dollar value of the bitcoin.

b. Bitcoin Reference Rate (BRR): This is a once a day U.S dollar price of bitcoin calculated by aggregating the trade flow of major Bitcoin exchanges.

Why Bitcoin Futures?

Just like how futures help people insure their risks, Bitcoin futures help the miners who have mined bitcoins to insure their bitcoins against future price fluctuations. You can either take a ‘Long position’ or a ‘Short position’ if you have a positive and a negative outlook respectively.

But, why are these rates used? How are these related to traditional futures? In the upcoming articles, I will try to dive deep into these terminologies used in futures and bitcoin futures and try to compare them. So, stay tuned!

Back to the Futures (Bitcoin) — An Intro

The title might seem like a tribute to the legendary movie but fortunately or unfortunately, this is anything but that. This article is a humble effort to get an idea about what are Bitcoin Futures and its relation to the traditional Futures market.

Very recently, I talked to some of my friends who wanted to invest in the Cryptocurrency space and I understood that the fad is real! Everyone wants a piece of the cake and jump on the bandwagon of blockchain and crypto. With that in mind, this article won’t be a financial advice or an endorsement of any sort. I write this to give an objective representation of what is out there and nothing else. Sometimes this is also called a “Disclaimer” 😉

All said and done, the Crypto fad is here to stay, and we should accept that. Just like how ants are around sugar, men are around money. I am no saint either! I started my foray into the much talked about ‘Bitcoin Futures’ space and tried to understand it from a layman’s perspective. Some of the things that I found will ‘blow your mind’… NOT!

Enough fooling around. Let’s start!

What are Futures?

The term might seem familiar to you if you have ever ventured into capital market news while scanning through your regular newspaper. Ever wondered what they were? The definition goes as below:

A futures contract (more colloquially, futures) is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future. The asset transacted is usually a commodity or financial instrument. The predetermined price the parties agree to buy and sell the asset for is known as the forward price. The specified time in the future — which is when delivery and payment occur — is known as the delivery date.

Source: Wikipedia.com

Let’s take an example to break this down a bit more so that we can understand this more easily.

Let’s consider that I have 1000 barrels of oil and I live in country XYZ. XYZ is planning to go to war with a neighboring country ABC. If I am a greedy man (I maybe or maybe not), I plan to make some money from this war. Knowing that a war requires resources like oil, I predict that the war might increase the prices of oil due to an increased demand. I buy some oil from someone at the current price so that I can sell that oil at a much higher price once the war starts. This is what is called as a ‘Long position’ in futures. It is when you bet your money on something with an assumption that its price is going to go up in the future.

What happens when there is less demand you ask? Great question.

The opposite happens. Following the world closely, if I get some hints which says that there is going to be an excessive supply of oil, I, being a brilliant businessman (again, I maybe or maybe not), know that the price of oil is going to fall. I sell my oil to someone fearing that I might not get the same return later. This is what is called as a ‘Short position’ in futures. It is when you bet your money on something with an assumption that its price is going to go down in the future.

Note: The above examples are just for understanding the working of futures. The actual trade involves many other variables.

Why Futures?

Futures act as an insurance to help reduce the risk of losing money in times of massive price shifts. This is also called hedging. It is like a reward for people who can predict the future price fluctuations accurately. It’s a shame that after the successful prediction of the apocalypse in 2012, people seem to have lost the knack of it. Thus, unless you have a very good astrologer alongside you or you are an obsessive gambler, you need to follow the developments before placing your bet.

Types of Futures:

The various futures contracts can be classified as shown below:

The earlier example of oil, falls under the Energy category of Futures contract. We will limit this discussion to the basics of futures. Now that we know what futures are and the types, let’s move on to Bitcoin Futures.

Then, what is Bitcoin Futures?

Bitcoin Futures can be like Financial Futures in that they let the people speculate on the value of the currency (bitcoin).

There are several terms used in this context, most notably, we have:

a. Bitcoin Real Time Index (BRTI): The Bitcoin Real Time Index gives a real time U.S dollar value of the bitcoin.

b. Bitcoin Reference Rate (BRR): This is a once a day U.S dollar price of bitcoin calculated by aggregating the trade flow of major Bitcoin exchanges.

Why Bitcoin Futures?

Just like how futures help people insure their risks, Bitcoin futures help the miners who have mined bitcoins to insure their bitcoins against future price fluctuations. You can either take a ‘Long position’ or a ‘Short position’ if you have a positive and a negative outlook respectively.

But, why are these rates used? How are these related to traditional futures? In the upcoming articles, I will try to dive deep into these terminologies used in futures and bitcoin futures and try to compare them. So, stay tuned!

REBRANDING, COMMUNITY AND LIVE TRADING ROOM

There are 3 major things that will go into effect sometime between 3rd and 10th of January 2018. Club rebranding, community creation and live trading room.

1. REBRANDING

After a very long discussion, talking with the experts we decided to take their advice and rebrand Crypto-Trader Club. We want to differentiate ourselves from what is already in the market and especially, we do not want to be associated with some of the negativity and scams that were connected with the name Crypto Trader in the past. We are not and never were connected to those things in any way, we just made a mistake picking a similar name.

Soon we’re going to be INFLOW-CRYPTO CLUB. We picked this name because it corresponds nicely to our WAVE strategy. This strategy along with live trading room will be given more weight in the new Inflow-Crypto Club. More on that in point 3. It is also a name that has no history in crypto.

Like said, it is important to differentiate ourselves and our services.

2. COMMUNITY (Free + Premium Members)

We are noticing a lot of internet crypto communities full of FUD and FOMO posts, that doesn’t really help a beginner but confuse him even more. Everything is nice and green in a bull market, but what happens when it slows down or reverse? There will be a lot of blood, especially among crypto newcomers that don’t have a proper understanding of the crypto market.

We are creating a community based on doing a lot of research, guidance and where everyone will benefit from contributions. We are even planning rewards for the most contributing members. We will help each other and debate promising new opportunities peacefully and respectfully.

For this reason, we are creating a new private Facebook group which will be open to all members of the Inflow-Crypto Club (Free + Premium Members). Peter (Co-founder, Trader & Analyst) and Mark (Account Manager) will be managing this group and make sure that members will get their answers and that the communication is high quality and beneficial to the members. Also, of course, they will try to keep you up to date with relevant crypto-related news as much as possible.

“The two main purposes of this group are for Inflow-Crypto Club members to make the best possible educated decisions, not falling for FUD, FOMO and other investment traps. Along with that, people need help, with a number of different crypto related issues and help they”ll receive with our best efforts.” Peter, Inflow-Crypto Club Co-Founder

All professional investment and trading advice will still be posted inside ICC Members Area and Live Trading room, but direct signals will not be posted in the free group.

3. LIVE TRADING ROOM (Premium Members)

Last but not least; Live trading room has been promised for some time now. We are fully aware of the limitations we currently have, aiming at our short-term signal providing service. As much as we tried, it doesn’t work the way we currently do this. Its hard for members to follow and trade those signals and its hard for Tristan to be fast enough, posting the opportunity.

Short-term trading can’t be done in a half-assed way. Either you are behind the screens and focused or you better not trade short-term signals. Hence the idea of the trading room where people present are focused (along with Tristan).

Along with the rebranding, we are starting live trading room to which access will be granted only to premium members.

In this trading room, Tristan will be coaching our flagship Wave strategy with live trades. Not only that, we will also be doing regular DSA (double a small account) challenges.

“This is something I did back when trading forex and something I’ve been testing for the past 4 months on crypto privately. Because I was able to complete the DSA challenge twice in a bit over 4 month period I am confident I can do it regularly and teaching you guys how to do it along the way.” Tristan, Inflow-Crypto Club Founder

There are three pillars to DSA challenge:

– the wave strategy

– aggressive money management

– discipline

So basically, he will be teaching you guys how to utilize these pillars to double your SMALL account — FAST. He will be starting with a 1.000$ account and scale up to 10.000$ where he will stop scaling.

Also, an updated version of the Wave strategy is coming out along with all the other changes.

Long-term recommendations will remain in the same format as well as be discussed in the trading room.

We will go through the process together and you will be able to ask questions inside the trading room.

CONCLUSION

Current Members:

All premium lifetime members will have lifetime access to live trading room. You will never need to pay a dime anymore.

We will make the domain and database transfers between Christmas and New Year. We will notify you by email before that happens since there will be a short period where our platform will be out of order. We ask you to be patient and understanding during the transfer.

Invitations for the Facebook group will be given upon request since the e-mail used for our Membership is not necessarily the same as your Facebook Profile e-mail.

This process will be specified in detail in the e-mail you’ll receive in the coming days. Make sure to also check your Spam folder.

New Members:

All potential new members will be able to join our club through our new website (Free or Premium Membership.) In case you experience any problem with the checkout process contact us and we will sort it out.

Crypto-Trader Club Team

REBRANDING, COMMUNITY AND LIVE TRADING ROOM

There are 3 major things that will go into effect sometime between 3rd and 10th of January 2018. Club rebranding, community creation and live trading room.

1. REBRANDING

After a very long discussion, talking with the experts we decided to take their advice and rebrand Crypto-Trader Club. We want to differentiate ourselves from what is already in the market and especially, we do not want to be associated with some of the negativity and scams that were connected with the name Crypto Trader in the past. We are not and never were connected to those things in any way, we just made a mistake picking a similar name.

Soon we’re going to be INFLOW-CRYPTO CLUB. We picked this name because it corresponds nicely to our WAVE strategy. This strategy along with live trading room will be given more weight in the new Inflow-Crypto Club. More on that in point 3. It is also a name that has no history in crypto.

Like said, it is important to differentiate ourselves and our services.

2. COMMUNITY (Free + Premium Members)

We are noticing a lot of internet crypto communities full of FUD and FOMO posts, that doesn’t really help a beginner but confuse him even more. Everything is nice and green in a bull market, but what happens when it slows down or reverse? There will be a lot of blood, especially among crypto newcomers that don’t have a proper understanding of the crypto market.

We are creating a community based on doing a lot of research, guidance and where everyone will benefit from contributions. We are even planning rewards for the most contributing members. We will help each other and debate promising new opportunities peacefully and respectfully.

For this reason, we are creating a new private Facebook group which will be open to all members of the Inflow-Crypto Club (Free + Premium Members). Peter (Co-founder, Trader & Analyst) and Mark (Account Manager) will be managing this group and make sure that members will get their answers and that the communication is high quality and beneficial to the members. Also, of course, they will try to keep you up to date with relevant crypto-related news as much as possible.

“The two main purposes of this group are for Inflow-Crypto Club members to make the best possible educated decisions, not falling for FUD, FOMO and other investment traps. Along with that, people need help, with a number of different crypto related issues and help they”ll receive with our best efforts.” Peter, Inflow-Crypto Club Co-Founder

All professional investment and trading advice will still be posted inside ICC Members Area and Live Trading room, but direct signals will not be posted in the free group.

3. LIVE TRADING ROOM (Premium Members)

Last but not least; Live trading room has been promised for some time now. We are fully aware of the limitations we currently have, aiming at our short-term signal providing service. As much as we tried, it doesn’t work the way we currently do this. Its hard for members to follow and trade those signals and its hard for Tristan to be fast enough, posting the opportunity.

Short-term trading can’t be done in a half-assed way. Either you are behind the screens and focused or you better not trade short-term signals. Hence the idea of the trading room where people present are focused (along with Tristan).

Along with the rebranding, we are starting live trading room to which access will be granted only to premium members.

In this trading room, Tristan will be coaching our flagship Wave strategy with live trades. Not only that, we will also be doing regular DSA (double a small account) challenges.

“This is something I did back when trading forex and something I’ve been testing for the past 4 months on crypto privately. Because I was able to complete the DSA challenge twice in a bit over 4 month period I am confident I can do it regularly and teaching you guys how to do it along the way.” Tristan, Inflow-Crypto Club Founder

There are three pillars to DSA challenge:

– the wave strategy

– aggressive money management

– discipline

So basically, he will be teaching you guys how to utilize these pillars to double your SMALL account — FAST. He will be starting with a 1.000$ account and scale up to 10.000$ where he will stop scaling.

Also, an updated version of the Wave strategy is coming out along with all the other changes.

Long-term recommendations will remain in the same format as well as be discussed in the trading room.

We will go through the process together and you will be able to ask questions inside the trading room.

CONCLUSION

Current Members:

All premium lifetime members will have lifetime access to live trading room. You will never need to pay a dime anymore.

We will make the domain and database transfers between Christmas and New Year. We will notify you by email before that happens since there will be a short period where our platform will be out of order. We ask you to be patient and understanding during the transfer.

Invitations for the Facebook group will be given upon request since the e-mail used for our Membership is not necessarily the same as your Facebook Profile e-mail.

This process will be specified in detail in the e-mail you’ll receive in the coming days. Make sure to also check your Spam folder.

New Members:

All potential new members will be able to join our club through our new website (Free or Premium Membership.) In case you experience any problem with the checkout process contact us and we will sort it out.

Crypto-Trader Club Team

How to trade Bitcoin and Altcoin in Binance

Binance is becoming the number 1 trading platform for Bitcoin and other crypto currencies so I decided to share some of my experiences with you.


Bitcoin trading

Why Binance?

  • It’s open to all the people around the world without restriction.
  • You can trade, deposit, withdraw (less than 2 Bitcoin) without verifying.
  • It supports almost all the famous digital currencies
  • It provides trading based on USDT Bitcoin, Etherium, etc.
  • It’s growing so fast…

How to sign up?

You can sign up with my referral code via following link:

https://www.binance.com/?ref=15235537

After visiting the site, follow “Register” link at the top menu.

How to deposit?

You need to deposit some Bitcoin or other currencies to start trading. Open “Deposits and Withdraws” from “Funds” in the top menu. You can see list of supported currencies and generate wallet to deposit.

How to trade?

Binance provides two panel for trading, one is basic and other one is advanced. Trading in advanced panel feels better!


Choosing currency to trade

Choose the currency you want to trade, You can trade some of them based on USDT (USD Tether) and almost all of them based on Bitcoin, Etherium and BNB is other available options.

Buy and sell the currency in the panel you can see in the following figure:


Exchanging panel

There are three options to exchange your assets in Binance.

Market

You can sell or buy some or all of your currency immediately in the Market tab.

Limit

In this tab you can enter a value as Limit; if you want to submit an order to buy it buys when market reaches the entered value for Limit or less and if you want to sell it sells when market reaches to the Limit values or higher.

Stop-Limit

This is more advanced option that gets two values one for Stop and one for Limit. When market reaches the Stop values, the Limit order will be activated. As an example, if you want to sleep and sell you currency if the market drops so you can submit a Stop-Limit order.

Hope you enjoy trading…

Ripple Price Technical Analysis – XRP/USD Remains Buy on Dips

Key Highlights

  • Ripple price is moving higher and it recently broke the $1.15 resistance area against the US Dollar.
  • There is a key bullish trend line forming with support at $1.1000 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair might a few points on the downside and test the $1.1000 support area in the near term.

Ripple price is placed nicely in the positive area against the US Dollar and Bitcoin. XRP/USD remains buy on dips near the $1.10 and $1.05 support levels.

Ripple Price Trend

There was an extension to the last bullish wave above $1.1000 in Ripple price against the US Dollar. The price traded above the $1.2500 resistance level and moved towards the $1.3000 level. A high was formed at $1.3013 from where a downside correction was initiated. It has moved below the 23.6% Fib retracement level of the last wave from the $0.8650 low to $1.3013 high.

There is a decent trend formed above the $1.0000 level and the price remains in the bullish zone. On the downside, there is a key bullish trend line forming with support at $1.1000 on the hourly chart of the XRP/USD pair. The trend line support at $1.1000 is very crucial since it is a major pivot. The 50% Fib retracement level of the last wave from the $0.8650 low to $1.3013 high is also around the trend line. Below the trend line support at $1.1000, the 100 hourly simple moving average is positioned at $1.0200. If there is an extension to the current correction, then the pair might test the $1.1000 support area.

Ripple Price Technical Analysis XRP USD

Overall, it remains in the bullish zone above $1.0000. Any major dips remain support above $1.0000.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slightly in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently testing the 50 level.

Major Support Level – $1.1000

Major Resistance Level – $1.3000

 

Charts courtesy – Trading View, Kraken

The post Ripple Price Technical Analysis – XRP/USD Remains Buy on Dips appeared first on NEWSBTC.

Bitcoin Cash Price Technical Analysis – BCH/USD to Retest $2500?

Key Points

  • Bitcoin cash price is moving lower from the $2960 swing high against the US Dollar.
  • There was a break below a major bullish trend line with support at $2840 on the hourly chart of BCH/USD (data feed from Kraken).
  • The pair might continue to decline and it will most likely retest the $2500 support area.

Bitcoin cash price is trading lower from $3000 against the US Dollar. BCH/USD might decline further towards the $2500 and $2400 support levels.

Bitcoin Cash Price Resistance

There was a decent upside move in bitcoin cash price above the $2600 level against the US Dollar. The price traded towards the $3000 level, but there was no test of the stated level. A high was formed near $2960 and the price started a downside correction. It traded below the $2800 support. There was also a break below a major bullish trend line with support at $2840 on the hourly chart of BCH/USD.

The pair traded below the $2600 support and formed a low at $2543. Later, an upside wave was initiated and the price moved above the $2600 level. It also moved above the 23.6% Fib retracement level of the last decline from the $2960 high to $2543 low. However, the upside wave was protected by the $2750 resistance level. Moreover, the 38.2% Fib retracement level of the last decline from the $2960 high to $2543 low also acted as a resistance. On the upside, there is also a bearish trend line on the same chart with current resistance at $2750.

Bitcoin Cash Price Technical Analysis BCH USD

Therefore, it seems like the price is facing a major resistance at $2750. BCH might decline once again and retest the $2500 support area.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is showing signs of a trend change.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is still way below the 50 level.

Major Support Level – $2500

Major Resistance Level – $2750

 

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Technical Analysis – BCH/USD to Retest $2500? appeared first on NEWSBTC.

Dapatkan profit dari trading Bitcoin dengan modal 10ribu rupiah saja!

Ingin mencoba mencari profit dari trading tanpa modal besar?

Look no further! Kini sudah ada yang dikenal dengan nama Crypto Trading–suatu tren yang sedang marak dilakukan di seluruh dunia untuk mendapatkan profit dari berdagang Cryptocurrency (mata uang digital, seperti Bitcoin). Secara sekilas, perdagangan ini mirip dengan perdagangan forex atau saham, tetapi Crypto Trading memiliki berbagai kelebihan yang menyebabkan siapapun bisa mencoba trading dengan modal 10ribu rupiah saja!

Mau coba? Daftar sekarang juga di Bitcoin.co.id dan rasakan berbagai manfaatnya!

Apa saja perbedaan dan kelebihan Crypto Trading dibandingkan Trading Forex dan Saham?

Baca juga: kisah trader yang mendapatkan profit 100 juta dari Crypto Trading

Crypto Trading di Bitcoin.co.id dapat dilakukan kapanpun yang Anda mau tanpa hari libur. Cara tradingnya pun sangat mudah tanpa modal yang besar, bahkan bisa dilakukan oleh mahasiswa dan ibu rumah tangga!

Jadi tunggu apalagi? Daftar sekarang juga dan dapatkan penghasilan dari trading Bitcoin! Bila membutuhkan bantuan, Anda bisa mengkontak saya .. thanks

Happy trading, Bitcoiners!

Nebulas (NAS) ICO Analysis: A Decentralized Search Engine For The Blockchain

Executive Summary

Project Description

Nebulas wants to create a search engine for blockchain applications and smart contracts. With it, users on the blockchain can easily search for, and find, whatever DApps they need. The Nebulas system will be self-evolving based on value incentive, and a ranking system, called Nebulas Rank, will be used to measure the value of users, smart contracts, and DApps. The ranking system will be based on liquidity, transaction frequency, scale, propagation, user growth, network quality (including viral transmission), and interoperability (including interaction with higher dimension information).

Nebulas will also have a Proof of Devotion system where users with a Nebulas Rank higher than a pre-set threshold can be a “bookkeeper” on the platform. Bookkeepers will be able generate blocks, and receive block rewards and transaction fees. To be a bookkeeper, a user has to deposit a security deposit, which is lost upon acting maliciously. Furthermore, developers whose smart contracts or DApps have a Nebulas Rank higher than a pre-set threshold will be rewarded by the Developer Incentive Protocol with NAS; these rewards will be recorded by the bookkeepers.

With the help of Nebulas Force, the Nebulas platform is self-evolving, meaning there is no need for a fork. Additionally, there is a governance system and users can vote on upgrades for the main chain. Various other sub-chains are also created to activate core technical solutions and upgrades.

Nebulas’ token, NAS, will serve as a means of exchange between chains on the platform. It will also serve as the currency of use, e.g. to deposit the security amount, for voting in the governance system, and for rewarding developers.

Hard Cap and Valuation

There will be a total of 100 million NAS, and Nebulas was able to raise $60m for 30% of the token total. The remaining 70% is shared thus: 10% is up for an initial funding round, 5% goes to Nebulas’ foundation, 35% is kept in the community reserve, and the final 20% is for the team and advisors.

The team tokens are on a 3-year vesting schedule, reducing the available supply after the sale to 80% of the total amount.

Important Dates

Pre-sale started on December 1, 2017 and ended on December 16, 2017

Marketing Power

As at the time this post was published, Nebulas had over 1200 Telegram users, 350+ users on Slack, over 800 Twitter followers, and over 45 subscribers on Medium. They also have 50+ subscribers on their YouTube page, over 20 Facebook subscribers, and over 15 Reddit readers.

Prominent Advisors

N/A

Well-Known Team Members

N/A

Howey’s Test

According to Howey’s Test conducted by our analysts, it is unlikely that Nebulas’ token NAS will be considered a security.

Team Members’ Areas of Expertise

Business experts

Hitters Xu, Founder.

  • Founder, and CEO of GemPay for over 2 years.
  • Founder of NEO blockchain.
  • Founder, and CEO of Netarget Info. Tech. for over 5 years.

Robin Zhong, Co-Founder.

Aero Wang, Co-Founder.

  • Founder of Antshares (NEO).

Target market experts

Hitters Xu

  • Founding Director, Ant Financial’s blockchain platform at Ant (now known as NEO) for 9 months.
  • GemPay also was a blockchain project.

Robin Zhong

  • Architecture of Blockchain Platform at Ant for 7 months.
  • Zhong gained some experience from his time at ABC Fintech, a startup focused on AI and blockchain.

Aero Wang

  • Experienced from his 2 years+ stay at Antshares (NEO).

Marketing experts

No team members with notable marketing experience.

Legal experts

Registered in Singapore as a foundation.

Software engineering experts

Robin Zhong

  • Senior Director of Engineering at MoboTap for 4 years.
  • VP, Cloud Computing Products at XMind for over 3 years.
  • CTO & Acting COO at BestPlus for a year.
  • SQA Engineer at Trend Micro for over 2 years.

Duran Liu, Head of Engineering.

  • Senior Software Engineer at Google for over 6 years.
  • Senior Software Engineer at FreeWheel for almost 2 years.
  • Software Engineer for over a year, and before that, Software Engineer Intern for a year at IBM.

Qi Zhu, Core Developer.

  • Engineering Manager for a year, and before that, Software Engineer for over a year at Airbnb.
  • Senior Software Engineer at Google for over 9 years.
  • Software Development Engineer at Microsoft Research Asia for 4 months.

Yang Li, Core Developer.

  • Senior Engineer at Genshuixue for a year.
  • Senior Engineer at MoboTap for 2 years.
  • Senior Software Engineer at Baozun for 2 years.

Larry Wang, Full Stack Developer.

  • Senior Software Development Engineer at Alibaba for over a year.
  • Senior Software Engineer and Project Lead at Edaijia for 2 years.
  • Development Engineer at MoboTap for over 2 years.

Shu Shang, Core Developer.

  • Dev Intern at Alibaba for 3 months, and at MoboTap for half a year.

Blockchain development experts

Robin Zhong, Co-Founder.

  • Architecture of Blockchain Platform at Ant (as mentioned above).
  • CTO at ABC Fintech (as mentioned above).

Token sale structure

Almost all the members of the Nebulas team have token sale experience from their time at Ant (NEO).

Token economics

In addition to the experience garnered from their time at Ant, some team members also worked on blockchain projects like Gempay and ABC Fintech. As a result, there is lots of token economics experience in the Nebulas team.

Disclaimers:

  • Nothing written in this article is a legal or an investment advice.
  • Information is provided on a best-effort basis and is subject to change without prior notice. Be sure to verify everything you read with a project team.

The analysis was produced by Research Center team members: Robin Davids, Mark Jedd, Eugene Tartakovsky.

We are constantly working on improving our work and welcome all constructive feedback. Let us know what you think.

Follow us to receive regular reports!



Nebulas (NAS) ICO Analysis: A Decentralized Search Engine For The Blockchain was originally published in Research Center Publication on Medium, where people are continuing the conversation by highlighting and responding to this story.

OKEx to List ARK for Trading! (and 75,000 ARK giveaway!)

We are proud to announce that ARK is being added onto the OKEx Trading Exchange. OKEx is one of the largest and most respected cryptocurrency exchanges in the world and has a daily volume of over $1 Billion USD (at the time this article was written).

The official trading pairs at the time of listing will be:

  • ARK/BTC
  • ARK/ETH
  • ARK/USDT

OKEx will be opening ARK wallets for deposits on Dec 20, 2017 at 16:00(Hong Kong Time)

75,000 ARK Giveaway!

We also proudly announce the OKEx listing 3 Stage FREE ARK Giveaway.

STAGE 1: (25,000 ARK)

OKEx users who follow OKEx throughout social media channels (Facebook, Twitter, WeChat, Weixin) will receive a code. With this code OKEx users can join the free ARK airdrop lucky draw game on WeChat for a chance to win free ARK tokens. For more info follow OKEx on social media.

STAGE 2: (25,000 ARK)

Register a new OKEx account and get free ARK. Only Verified users who register their phone number and email will be eligible for this ARK giveaway.

*This is run by OKEx, ARK is not responsible for verification issues at exchanges.

STAGE 3: (25,000 ARK)

The top 300 Traders of ARK pairings on OKEx after 7 days of contest start will receive ARK:

1st: 3,000 ARK

2nd: 2,000 ARK

3rd: 1,000 ARK

4th — 100th: Will split 10,000 ARK

101st — 300th: Will split 9,000 ARK

*These numbers are subject to change. This contest and giveaway are run by OKEx. ARK has no control over the distribution, final numbers, or start date of this contest. ARK is not running this giveaway, nor can we answer any questions about it. This giveaway is scheduled to start December 21st, 2017. For all inquiries please contact OKEx.

About OKEx

OKEx is a leading digital asset trading platform, offering token to token and derivative trading to users globally. They currently offer more than 40 token trading pairs and 5 futures pairs. OKEx’s industry leading BTC futures trade has nearly $1.5B of volume a day and are widely regarded as the gold standard for the industry. They have served millions of customers in over 100 countries, with about 60% of users originating from China.



OKEx to List ARK for Trading! (and 75,000 ARK giveaway!) was originally published in Ark.io on Medium, where people are continuing the conversation by highlighting and responding to this story.

OKEx to List ARK for Trading! (and 75,000 ARK giveaway!)

We are proud to announce that ARK is being added onto the OKEx Trading Exchange. OKEx is one of the largest and most respected cryptocurrency exchanges in the world and has a daily volume of over $1 Billion USD (at the time this article was written).

The official trading pairs at the time of listing will be:

  • ARK/BTC
  • ARK/ETH
  • ARK/USDT

OKEx will be opening ARK wallets for deposits on Dec 20, 2017 at 16:00(Hong Kong Time)

75,000 ARK Giveaway!

We also proudly announce the OKEx listing 3 Stage FREE ARK Giveaway.

STAGE 1: (25,000 ARK)

OKEx users who follow OKEx throughout social media channels (Facebook, Twitter, WeChat, Weixin) will receive a code. With this code OKEx users can join the free ARK airdrop lucky draw game on WeChat for a chance to win free ARK tokens. For more info follow OKEx on social media.

STAGE 2: (25,000 ARK)

Register a new OKEx account and get free ARK. Only Verified users who register their phone number and email will be eligible for this ARK giveaway.

*This is run by OKEx, ARK is not responsible for verification issues at exchanges.

STAGE 3: (25,000 ARK)

The top 300 Traders of ARK pairings on OKEx after 7 days of contest start will receive ARK:

1st: 3,000 ARK

2nd: 2,000 ARK

3rd: 1,000 ARK

4th — 100th: Will split 10,000 ARK

101st — 300th: Will split 9,000 ARK

*These numbers are subject to change. This contest and giveaway are run by OKEx. ARK has no control over the distribution, final numbers, or start date of this contest. ARK is not running this giveaway, nor can we answer any questions about it. This giveaway is scheduled to start December 21st, 2017. For all inquiries please contact OKEx.

About OKEx

OKEx is a leading digital asset trading platform, offering token to token and derivative trading to users globally. They currently offer more than 40 token trading pairs and 5 futures pairs. OKEx’s industry leading BTC futures trade has nearly $1.5B of volume a day and are widely regarded as the gold standard for the industry. They have served millions of customers in over 100 countries, with about 60% of users originating from China.



OKEx to List ARK for Trading! (and 75,000 ARK giveaway!) was originally published in Ark.io on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ripple Price Technical Analysis – XRP/USD Short-term Correction

Key Highlights

  • Ripple price after surging above $0.8500 against the US Dollar faced sellers and started a downside correction.
  • This is a bearish trend line forming with resistance at $0.7250 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair correct a few points in the near term towards the $0.6000 support area.

Ripple price is currently correcting lower against the US Dollar and Bitcoin. XRP/USD has to move above $0.7250 to resume its uptrend.

Ripple Price Correction

This past week, we saw nasty gains in Ripple price above the $0.8000 level against the US Dollar. The price was able to move above the $0.8500 and $0.8800 resistance levels. However, there was no upside break above the $0.9000 handle. A correction wave was initiated and the price moved down toward the $0.6020 level. It found support above $0.6000 and recovered back towards $0.8500. However, the recovery was limited above $0.8000 and the price is now once again correcting lower.

It has moved below the 50% Fib retracement level of the last wave from the $0.6020 low to $0.8420 high. On the upside, there is a bearish trend line forming with resistance at $0.7250 on the hourly chart of the XRP/USD pair. The pair is following the trend line and is currently below $0.7500 and the 100 hourly simple moving average. It seems like an upside break above the $0.7250 level and the 100 hourly SMA won’t be easy.

Ripple Price Technical Analysis XRP USD

On the downside, the pair recently tested the 76.4% Fib retracement level of the last wave from the $0.6020 low to $0.8420 high. Therefore, there are chances of XRP failing above $0.7200. It could correct further and test the $0.6000 support zone in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is recovering from the 30 level.

Major Support Level – $0.6020

Major Resistance Level – $0.7250

 

Charts courtesy – Trading View, Kraken

The post Ripple Price Technical Analysis – XRP/USD Short-term Correction appeared first on NEWSBTC.

The new CryptoForecast interface

After you have described the new application through the project of the functional scheme that you find here, we also talk about what users will see: The new interface.
As we said Cryptoforecast currently has a very simple interface, which with certain parameters manages to give shape to the future trend of the Crypto coins we have selected.

But actually the actual interface is very “basic”. It is a simple form that does not really help the novice user. It does not have a user management but above all was not expected to accommodate all the tools that serve the traders and that we are planning.

The change in the interface and the whole approach is seen even from the care you see up from the login screen. A bomb-proof screen that will integrate all the security criteria.. but also nice.

This is instead a typical screen. Where we see all the elements of the application the care and detail combined with simplicity. In the side menu you can already see the sections that we are developing. But unfortunately at this stage we can not tell you more :-)

The development is therefore proceeding at the maximum speed in several directions, both at the level of the predictive algorithm, and functional structure, but also user interface but above all integration of new tools that allow the trader to work with the data and Information he need.

But there will still be many news…..

Cryptoforecast Team — Trading like a Pro!

www.cryptoforecast.com

JAPANESE GMO INTERNET GROUP TO PAY SALARIES IN BITCOIN

JAPANESE GMO INTERNET GROUP TO PAY SALARIES IN BITCOIN

GMO, the leading Japanese Internet infrastructure providing multinational, informed on Monday, 11 December, 2017, that it will start paying part of employees’ salaries in Bitcoin. This development will commence in February of 2018 and will enable GMO employees to receive their March salaries in part with the news-headlining cryptocurrency that has taken the global trading market by storm.

Based in Tokyo, the GMO Internet is a conglomerate of companies offering internet infrastructure services, as well as online advertising, internet security and mobile entertainment.

Initially, the employees of GMO will get paid in Bitcoins. However, this option will soon be applicable for workers in the entire group. At present, there are 4,710 permanent employees working for GMO.

According to the press release, GMO stated “The GMO Internet Group has decided to introduce a system that allows part of the salary payment to be received as bitcoin in order to promote ownership of our domestic employees’ virtual currency.”

The GMO Group also enumerated its 42 affiliates on its website, two of which include GMO Coins, which is GMO’s cryptocurrency faction, and GMO Click which is also one of the world’s principal Forex foundations.

According to GMO, the bitcoin payments will be within a certain range, with 10,000 Yen ($88) as the minimum payment and 100,000 Yen ($881) as the highest, keeping the exchange rate at GMO Coins in consideration. For those workers who have an account at GMO Coins Exchange, Bitcoin payments will be available on the day of the salary.

Soon after its May 2017 launch of GMO Coins, the internet giant established a blockchain development service in July. Later, it announced in September that it will delve into the mining business as well. “We believe that cryptocurrencies will develop into ‘new universal currencies’ available for use by anyone from any country or region to freely exchange ‘value,’ creating a ‘new borderless economic zone.”

In that effect, GMO has laid out a huge budget of 10 billion Yen in the coming years to set up its mining subsidiary. Additionally, GMO will also set up shop for R&D to build 7nm, 5nm, and 3.5nm mining chips, as it intends to manufacture and make available 7nm-equipped mining boards to the public, via token sales, according to a press release in October. This will be considered as a revolutionary step in the cryptocurrency mining industry.

As for when GMO will start its mining venture, the company announced on Monday that it will take place in January 2018. “The GMO Internet Group will contribute to the development of virtual currencies in the world by promoting efforts related to virtual currency throughout the group. In order to further strengthen these approaches to virtual currency, it is important for employees to actively use virtual currency first by improving [their] virtual currency literacy.”

Bitcoin Futures: Everything You Need To Know


Bitcoin futures now on offer

Bitcoin futures will begin trading for the first time ever in a few hours, at 17:00 CST on the Cboe. Like everything about Bitcoin and cryptocurrencies, this Bitcoin futures launch is fraught with controversy and heated debate.

Many cryptocurrency enthusiasts are convinced that this will mark the birth of Bitcoin as a mainstream financial product as it opens the doors for institutions and professional traders to enter the cryptocurrency markets, and make them legitimate in the eyes of the general public. On the other side of the fence are the critics, many of whom are in the traditional financial industry, who say that it is too soon to offer derivative financial products based on Bitcoin, and that the new Bitcoin futures are opening the futures markets to a huge systemic risk due to the extreme volatility of the cryptocurrency markets.

Below are things that investors need to know before Bitcoin futures launch.

Bitcoin Futures Basics

The Cboe is launching its Bitcoin futures contract with the trading symbol XBT at 17:00 CST time on Sunday December 10, 2017. Rival exchange CME is also planning on launching a Bitcoin futures contract the following week on December 18, 2017.

Futures will allow speculators to place leveraged bets on the future price of Bitcoin at a specified time, or expiration. Those who believe price will rise can go long, while those who believe price will fall can go short. With futures the long and short bets are evenly matched, meaning for every long position there is an opposite short position.

The new Bitcoin futures will be cash settled, meaning that no Bitcoins will actually change hands when the futures contract expires. In essence the winning traders will collect their profits from the losing traders. As is true for most futures contracts, traders will almost certainly close their positions and accept their losses or collect their wins, before the contract reaches its expiration.

Shorting Bitcoin

The ability to make a short bet on Bitcoin without having to borrow from a broker has strong appeal for traders. The Cboe and CME have said that by offering futures it will help stabilize prices for Bitcoin, thus taming the extreme volatility of the asset. Bitcoin bears are also quite happy to have the ability to short using futures, as they have been frustrated to this point by the difficulties that have been inherent in shorting Bitcoin.

It’s possible that in the short-term the ability to easily short Bitcoin prices will put pressure on the cash market, causing a drop in the price of Bitcoin. Longer term however, it is expected that the ability to short Bitcoin will improve true price discovery for the asset. The ability to take both the long and short side with Bitcoin will also serve to increase the interest of hedge funds in cryptocurrencies, which should broaden acceptance of the digital currencies in general.

Hedging with Bitcoin

There are expectations that the Bitcoin mining community will embrace Bitcoin futures, as it will allow them to hedge against the potential for a sharp drop in the price of Bitcoin, in effect locking in their mining prices. The miners are some of the largest players in the Bitcoin ecosystem, and could bring large amounts of capital to the futures markets

Some professional traders have also been waiting excitedly for the ability to unleash quantitative trading strategies that depend on the ability to short Bitcoin. This won’t happen overnight however, as their systems will take some time to build because of the need for price history. They will also need to wait for the ability to place block trades, which won’t become a possibility until December 17 on the Cboe contracts.

Are Bitcoin Futures Premature?

We can’t ignore the warnings of major investment banks and brokers, who have said that Bitcoin futures at this time are premature, and pose systemic risks. These concerns include those mentioned in an open letter to the CFTC in which banks and brokers claim the exchanges haven’t collected enough feedback on margin requirements.

Bitcoin futures “did not allow for proper public transparency and input.” — Futures Industry Association

Because of this most big banks, including Citigroup and JPMorgan, will not offer the Bitcoin futures to their clients. Goldman Sachs has said they will offer the Bitcoin futures contracts, but only to certain clients. For brokers, Fidelity has already said it will not offer Bitcoin futures. TD Ameritrade is planning on offering Bitcoin futures immediately after they are launched, and other large brokers, including Charles Schwab and E-Trade have declined to comment.

Addressing the Margin Concerns

Margin is the amount of money a trader needs to offer as collateral when opening a futures position. Many heavily traded futures contracts require as little as 10% of the value of the underlying contract as margin. The Cboe has said it will require 44% margin, while the CME is requiring 35% margin on Bitcoin futures.

In the case of the Cboe, this means a Bitcoin contract trading at $15,000 would require $6,600 in margin collateral, while for the CME the margin requirement on the same contract would be $4,250. There would also be requirements for additional margin if the margin account falls below a certain level.

Both the Cboe and CME feel that these large margin requirements will avoid any potential systemic risks in the event of extreme volatility in the Bitcoin cash market, such as the 40% surge high seen over two days just last week.

Price Limit Circuit Breakers

As with other futures contracts and financial markets, there will be circuit breakers put in place in the event of rapid price moves with Bitcoin. In the case of the Cboe contract, trading will be halted for 2 minutes if best bid in the contract closest to expiration moves 10% above or below the previous day’s close. If, after trade resumes, the contract moves 20% or more above or below the previous day’s settlement, trade will be halted for five minutes.

A Slow Start

Institutional investors and professional traders will likely exercise some caution and enter the Bitcoin futures market slowly, testing the waters and gathering data before fully committing themselves. This could help stabilize prices as Bitcoin futures slowly gain momentum.

One concern however is that retail investors, who don’t need to expose themselves to the risks of leveraged futures trading, will jump in the market in order to magnify there already substantial Bitcoin gains. Without fully understanding the futures market, and in a mindset of extreme euphoria, they could be putting themselves at a huge financial risk.

Originally published at coinbeginners.com on December 10, 2017.

Bitcoin Futures: Everything You Need To Know


Bitcoin futures now on offer

Bitcoin futures will begin trading for the first time ever in a few hours, at 17:00 CST on the Cboe. Like everything about Bitcoin and cryptocurrencies, this Bitcoin futures launch is fraught with controversy and heated debate.

Many cryptocurrency enthusiasts are convinced that this will mark the birth of Bitcoin as a mainstream financial product as it opens the doors for institutions and professional traders to enter the cryptocurrency markets, and make them legitimate in the eyes of the general public. On the other side of the fence are the critics, many of whom are in the traditional financial industry, who say that it is too soon to offer derivative financial products based on Bitcoin, and that the new Bitcoin futures are opening the futures markets to a huge systemic risk due to the extreme volatility of the cryptocurrency markets.

Below are things that investors need to know before Bitcoin futures launch.

Bitcoin Futures Basics

The Cboe is launching its Bitcoin futures contract with the trading symbol XBT at 17:00 CST time on Sunday December 10, 2017. Rival exchange CME is also planning on launching a Bitcoin futures contract the following week on December 18, 2017.

Futures will allow speculators to place leveraged bets on the future price of Bitcoin at a specified time, or expiration. Those who believe price will rise can go long, while those who believe price will fall can go short. With futures the long and short bets are evenly matched, meaning for every long position there is an opposite short position.

The new Bitcoin futures will be cash settled, meaning that no Bitcoins will actually change hands when the futures contract expires. In essence the winning traders will collect their profits from the losing traders. As is true for most futures contracts, traders will almost certainly close their positions and accept their losses or collect their wins, before the contract reaches its expiration.

Shorting Bitcoin

The ability to make a short bet on Bitcoin without having to borrow from a broker has strong appeal for traders. The Cboe and CME have said that by offering futures it will help stabilize prices for Bitcoin, thus taming the extreme volatility of the asset. Bitcoin bears are also quite happy to have the ability to short using futures, as they have been frustrated to this point by the difficulties that have been inherent in shorting Bitcoin.

It’s possible that in the short-term the ability to easily short Bitcoin prices will put pressure on the cash market, causing a drop in the price of Bitcoin. Longer term however, it is expected that the ability to short Bitcoin will improve true price discovery for the asset. The ability to take both the long and short side with Bitcoin will also serve to increase the interest of hedge funds in cryptocurrencies, which should broaden acceptance of the digital currencies in general.

Hedging with Bitcoin

There are expectations that the Bitcoin mining community will embrace Bitcoin futures, as it will allow them to hedge against the potential for a sharp drop in the price of Bitcoin, in effect locking in their mining prices. The miners are some of the largest players in the Bitcoin ecosystem, and could bring large amounts of capital to the futures markets

Some professional traders have also been waiting excitedly for the ability to unleash quantitative trading strategies that depend on the ability to short Bitcoin. This won’t happen overnight however, as their systems will take some time to build because of the need for price history. They will also need to wait for the ability to place block trades, which won’t become a possibility until December 17 on the Cboe contracts.

Are Bitcoin Futures Premature?

We can’t ignore the warnings of major investment banks and brokers, who have said that Bitcoin futures at this time are premature, and pose systemic risks. These concerns include those mentioned in an open letter to the CFTC in which banks and brokers claim the exchanges haven’t collected enough feedback on margin requirements.

Bitcoin futures “did not allow for proper public transparency and input.” — Futures Industry Association

Because of this most big banks, including Citigroup and JPMorgan, will not offer the Bitcoin futures to their clients. Goldman Sachs has said they will offer the Bitcoin futures contracts, but only to certain clients. For brokers, Fidelity has already said it will not offer Bitcoin futures. TD Ameritrade is planning on offering Bitcoin futures immediately after they are launched, and other large brokers, including Charles Schwab and E-Trade have declined to comment.

Addressing the Margin Concerns

Margin is the amount of money a trader needs to offer as collateral when opening a futures position. Many heavily traded futures contracts require as little as 10% of the value of the underlying contract as margin. The Cboe has said it will require 44% margin, while the CME is requiring 35% margin on Bitcoin futures.

In the case of the Cboe, this means a Bitcoin contract trading at $15,000 would require $6,600 in margin collateral, while for the CME the margin requirement on the same contract would be $4,250. There would also be requirements for additional margin if the margin account falls below a certain level.

Both the Cboe and CME feel that these large margin requirements will avoid any potential systemic risks in the event of extreme volatility in the Bitcoin cash market, such as the 40% surge high seen over two days just last week.

Price Limit Circuit Breakers

As with other futures contracts and financial markets, there will be circuit breakers put in place in the event of rapid price moves with Bitcoin. In the case of the Cboe contract, trading will be halted for 2 minutes if best bid in the contract closest to expiration moves 10% above or below the previous day’s close. If, after trade resumes, the contract moves 20% or more above or below the previous day’s settlement, trade will be halted for five minutes.

A Slow Start

Institutional investors and professional traders will likely exercise some caution and enter the Bitcoin futures market slowly, testing the waters and gathering data before fully committing themselves. This could help stabilize prices as Bitcoin futures slowly gain momentum.

One concern however is that retail investors, who don’t need to expose themselves to the risks of leveraged futures trading, will jump in the market in order to magnify there already substantial Bitcoin gains. Without fully understanding the futures market, and in a mindset of extreme euphoria, they could be putting themselves at a huge financial risk.

Originally published at coinbeginners.com on December 10, 2017.

Bitcoin Cash Price Weekly Analysis – BCH/USD Struggling Above $1500

Key Points

  • Bitcoin cash price is following a decreasing slope and is facing sellers near $1480-1500 against the US Dollar.
  • There are two major bearish trend lines forming with resistance at $1410 and $1440 on the 4-hours chart of BCH/USD (data feed from Kraken).
  • The pair is currently moving down and is approaching the $1150-1100 support area.

Bitcoin cash price is struggling to gain traction above $1500 against the US Dollar. BCH/USD has to stay above $1100 to avoid any further declines.

Bitcoin Cash Price Upside Hurdle

There were a couple of swing moves in bitcoin cash price above the $1400 level against the US Dollar. However, the price failed to gain momentum every time above $1500. It also failed to move above the $1600 once and is currently facing sellers near the 100 simple moving average (4-hours). Recently, the price traded higher from the $1140 low. It moved above the 50% Fib retracement level of the last decline from the $1610 high to $1140 low.

However, the price was rejected from $1480 and the price moved below the $1350 support area. Moreover, the 61.8% Fib retracement level of the last decline from the $1610 high to $1140 low acted as a hurdle. More importantly, there are two major bearish trend lines forming with resistance at $1410 and $1440 on the 4-hours chart of BCH/USD. These trend lines around $1450 and the 100 simple moving average (4-hours) are acting as major upside hurdles for buyers.

Bitcoin Cash Price Weekly Analysis BCH USD

The price is now moving lower once again towards the $1200 level. On the downside, the most important support is around the $1140-1100 zone. The pair has to stay above the mentioned $1100 support in order to avoid more declines in the near term.

Looking at the technical indicators:

4-hours MACD – The MACD for BCH/USD is now in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is heading lower towards the 35 level.

Major Support Level – $1100

Major Resistance Level – $1450

 

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Weekly Analysis – BCH/USD Struggling Above $1500 appeared first on NEWSBTC.

Ethereum Price Weekly Analysis – ETH/USD Uptrend Intact

Key Highlights

  • ETH price rushed towards the $495-500 resistance recently where it faced sellers against the US Dollar.
  • There is a major bullish trend line forming with support near $408 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
  • The pair might continue to move lower, but it remains supported on the downside near $418 and $408.

Ethereum price is moving nicely against the US Dollar and Bitcoin. ETH/USD is correcting lower, but dips remain supported above $408.

Ethereum Price Support

There were mostly ranging moves this past week in ETH price above the $400 handle against the US Dollar. The price tested the $400 support level on a couple of occasions and consolidated for some time. Once the consolidation is over, the price moved higher sharply and traded above $480. The upside move was strong as the price traded toward $500 before it faced sellers. A high was formed at $497.71 from where a correction wave was initiated.

ETH has already moved below the 50% Fib retracement level of the last wave from the $397.30 low to $497.71 high. It seems like the price might continue to move down towards the $428-428 support area. Moreover, there is also a major bullish trend line forming with support near $408 on the 4-hours chart of ETH/USD. An intermediate support is around the 76.4% Fib retracement level of the last wave from the $397.30 low to $497.71 high at $421.

Ethereum Price Weekly Analysis ETH USD

Therefore, there are many supports on the downside above $408 to act as a barrier for more declines. The current trend is still positive and the recent dip can be seen as a correction from $497. As long as the price is above $400, it could resume its uptrend and move above the $460-465 levels.

4-hours MACD – The MACD is slowly moving from the bullish to bearish zone.

4-hours RSI – The RSI is currently below the 50 level.

Major Support Level – $408

Major Resistance Level – $465

 

Charts courtesy – SimpleFX

The post Ethereum Price Weekly Analysis – ETH/USD Uptrend Intact appeared first on NEWSBTC.

The $5000 Risk Free Bitcoin Trade Smart Investors Are Taking Advantage Of

Bitcoin’s flying, insane rise this year has been unprecedented. Every single day the crypto currency has climbed higher and higher at an increasing rate. The masses are just starting to wake up to Bitcoin and are desperate to get exposure to its returns. Many are actually calling this run a bubble, that it’s just a digital tulip, a trend.

As a trader, I couldn’t really care either way. I’ll make money on the way up and on the way down. Markets are always two sided and if you just think in terms of long and hodl, you are going to get burned. It’s a well known fact that CME futures are coming on Dec 18th. What that will do to the market, it’s unknown, however, it will give those holding massive amounts of Bitcoin a way to exit the crypto markets legally through futures. Someone holding 100 million in crypto could dump it on the market, all while being 3–25x short leveraged. As Bitcoin is an unregulated instrument at the moment, there would be no recourse. Expect markets to get messy in the next few weeks.

The problem with the above trade is that you are taking on a LOT of risk. Getting leveraged heavily entails a lot of issues which you cannot control. Even if you are using tight stops, you may not get filled when your market orders kick in and liquidity dries up. The floor can fall out from under you quite quickly.

Real traders dream of risk free trades, where they can lock in profits at near zero risk and not have to deal with the above trading risks. This type of trade, known as arbitrage, is the dream of essentially free money. Understanding arbitrage is extremely simple: buy low and sell high. Let me give you an example:

Tom is buying apples for $5 each. Nick is selling apples for $.25 each. You make a deal with Tom and Nick for their apples and simply transport your goods between them. Based on the deal, every apple is worth a total of $4.75 to you as a guaranteed return. This is arbitrage.

Now the above trade carries a lot of risks: the apples could go bad, your transport could get into an accident, or Tom no longer wants to sell. In financial markets, a lot of these risks are mitigated. Thus, when you get an arbitrage like the one above, it’s called a “risk free” trade because your stocks and bonds can’t rot or disappear. If something were to happen, lawyers get involved and your assets would eventually be returned to you.

So how can arbitrage be applied to Bitcoin? There are many: differences in prices between exchanges, countries and other sources, futures (somewhat), and (what we will cover for the rest of the article) the premium spread of securitized Bitcoin.

The average investor isn’t ready to buy Bitcoin (yet). It’s hard, complicated and not secure enough. More so, they can’t put it into their pension or 401k, so there are big tax implications.

What they can do is buy Grayscale’s Bitcoin Investment Trust (GBTC) or XBT Provider (XBT). These are securitized, closed fund issuances of the digital asset. Both are “backed” by Bitcoin, but really if you look at the language of their foundation documents, they are synthetic trackers which give you no right to the underlying and simply track the returns. What’s incredible about these two products is the premium investors are paying to own them. On Dec 1, when Bitcoin was just above 10,000, investors were paying over $5000 in extra premium to buy GBTC. Seeing how the price topped $15,000 just 7 days later, it wasn’t much of a risk, but compared to other assets, it’s an insane amount. It’s telling about the market right now. Everyone wants Bitcoin. More so, they will pay above market rates to have it.

So what’s the trade here? Let’s look at CyberTrust, another company which is planning to release their own securitized Bitcoin product in Q2 2018 called the Global Crypto Note. Anyone will be able to securitize their Bitcoin into a GCN, but to do so, they will have to redeem one CABS token as payment, which CyberTrust is selling in their ICO right now. The price of a CABS token is .6 ETH ($240), meaning the total cost of the GCN will be 1 BTC + $240 premium.


10*GBTC-BTCUSD or the premium spread for the past few months

Now let’s return to the GBTC. Its cost is 1 BTC + $5000 premium. That’s quite a difference for the same product, which presents a great arbitrage opportunity. Here’s how you set it up:

Buy 1 BTC + Buy 1 CABS + Short 1 BTC equivalent of GBTC

Based on the above trade, we bought and sold one BTC at the same time, cancelling each other out and leaving us with just the CABS token and the GBTC premium. This is called the “spread” and its a near risk free trade, as close to zero as you can get in finance.

So how do you make money? Well it’s simple, you wait. Eventually, prices will converge. With such a large spread of free money available, it won’t take long. Other traders will want to exploit the same spread and will drive the price of CABS up and GBTC premium down.

Arbitrage is not hard, you just have to be able to spot the opportunities. Even if you don’t own Bitcoin and you want to take part in this trade, you can always buy CABS tokens in the ICO. The CABS token is equivalent to the premium spread of one GCN, so as long as there is such a massive difference in price, there exists a possibility that the price of CABS would go up.

If you have any questions about this arbitrage trade, feel free to ask a question in CyberTrust’s telegram.



The $5000 Risk Free Bitcoin Trade Smart Investors Are Taking Advantage Of was originally published in CyberTrustBank on Medium, where people are continuing the conversation by highlighting and responding to this story.

5 Cryptocurrencies Ready for Lift Off!

There’s a lot of noise out there. Choosing which new cryptocurrencies to focus on can be hard. At the core of many of today’s cryptos planning to launch are are scams, half-baked ideas for projects, inexperienced teams, bloated capital structures or a goal more focused on the ICO than the importance of getting listed as a proper trading vehicle thereby benefiting original token holders.

There are sites out there that do fairly good job of curating and screening these kinds of factors. What does it take to be ready for a successful lift off with success being define by:

Motive: Why are they doing this? If it’s simply to provide a return on an investment, then buyer beware. If they lay out a clear vision that where the value proposition is easily understood this would be a good sign. It should be more than just a “we’re making the world a better place”. This will help it pass the scam test. What really helps pass the scam test is whether or not they have a working product you can take for a test drive.

Experienced Team: What has the team executed on in the past, together? It should first and foremost be technology related. You should be able to quickly look this up on the net. Get them on the phone if possible to see if the team even exists at all. I do this with every team I invest in.

Capital Structure: How much crypto are they offering to the public? Gauging demand for a crypto is key. Not everyone is going to want to take a position in it. These factors should determine how much crypto should be offered to the public. If these numbers are way off then it’s going to be hard the crypto to move up without enough demand. As a token holder, this is an important aspect to analyze.

Raising the right amount money during their ICO: This connects directly to the point above. If they raise too much money during the ICO, they’re going to have to clear loads of ‘flippers’. These flippers are those that purchase tokens during the ICO and as soon as the team lists the token, the sell right into it creating massive amount of sell pressure they have to clear before anyone makes any real returns. It can take months and sometimes years before a team can clear sellers like this before the token can appreciate with any kind of real value.

Here are 5 groups that ready execute on newly minted cryptocurrencies that have the right stuff in terms of what it takes for a successful lift off:

1. AppCoins

AppCoins [link] is an open and distributed protocol for App Stores using blockchain technology and smart contracts. Serving over 200 million users, AppCoin (APPC) tokens are the new native currency of the app economy that ensures trust without intermediaries.

The design of the AppCoins protocol rests on three main pillars: 1) transparency, 2) equitability and 3) community-focused. Firstly, open and transparent standards facilitate trust and privacy. Secondly, revenue shares are redistributed away from unnecessary intermediaries to end-users and developers. Thirdly, through open-source code, knowledge is accessible to the community.

The current problems in the app stores flows are further described in this document, as well as the risks contained in each of them. Concepts like “proof-of-attribution”, use Ethereum network smart contracts and state storage, allowing cryptographically to reach an acceptable digital agreement between users and developers.

This new AppCoins power app economy network will be launched within the next 12 months, leveraging on existing 200 million annual unique active users of the Aptoide app store. Token sale proceeds will be used to incentivise developers, OEMs and end-users. By 2022, Aptoide aims that 1.3 bn people use AppCoins powered app stores.

Impressive!

2. Vectorspace

The Vectorspace [link] AI platform enables intelligent dynamically generated “token baskets” based on user-selected trends that exist in search, social media and news. The reason we’ve included the word ‘intelligent’ is based the ability for these baskets to determine for themselves whether or not to include additional cryptocurrencies or components from related baskets that may increase overall returns. Baskets that interact this way with one another will conduct these kinds of transactions between one another using the Vectorspace utility token, VEC which is also required to dynamically generate baskets.

According to their whitepaper: “A growing number of organizations offer the ability to trade a basket or group of cryptocurrencies with a single transaction. Similar to a traditional ETF (Exchange-Traded Fund), “token baskets” as they’re more commonly called, enable a fund or individual investor to spread their risk, diversify and lower volatility while maximizing gains with more safety and stability. This approach is valuable but incomplete. For example, taking the top 20 best performing cryptocurrencies and placing them in a basket or fund minimizes gains compared to enabling fine-grained custom creation of token baskets. Which groups of cryptocurrencies are beating the market? Why? What do they have in common? How strong are those relationships? Are those relationships well known and obvious or are they hidden relationships? Are the relationships numerical or nonnumerical based on concepts, context and sentiment or a combination of both?

These are the questions Crypto Discover is designed to answer. Vectorspace AI’s Crypto Discover platform is an advanced cryptocurrency discovery engine that enables a user to automatically generate a token basket or “mini-index fund” made up of cryptocurrencies that are related to trends in news, global and local searches, concepts, context, keywords, hashtags, social media, URLs and other dynamic content.”

Vectorspace looks to bes designed to help you increase your profits with other cryptocurriences by reducing risk and maximizing your gains. Their focus is on “Advanced Natural Language Processing (NLP) & Sentiment Analysis for Smart Cryptocurrency Basket Trading” and they have live products any crypto trader can use today. Their site updates every few minutes powered by their algorithms. It looks like they’re at the early stages of their pre-ICO but farther along in terms of product offering than most.

Sweet!

3. SwissBorg

SwissBorg [link] is claiming to revolutionize wealth management services with a community-centric approach powered by blockchain technology. They are a wealthtech DAO offering Swiss-made crypto investment solutions to the world. They say it’s a new paradigm that offers best-of-breed investment solutions available to everyone with no frontiers nor restrictions. Whether you are an individual, a DAO or a financial expert, SwissBorg says they are a democratic ecosystem where you can manage a portfolio of crypto assets.

They have something they call Smart Madates which are based on a collection of multi-signature smart contracts providing the ideal framework for customized investment strategies. Each member of the community will be given the opportunity to contribute to the development of SwissBorg and will be rewarded in tokens. Each person is unique and should have a tailor-made solution that fits his or her requirements in terms of risk, target returns, financing and other services.

Our team has over 90 years of combined experience in investment management. In addition to our trading activities we also develop and encourage ongoing research in fields like AI and Swarm Intelligence.

Sounds great!

4. AWorker

Aworker [link] is the decentralized system of Reputation Building for Employees in the world. The Ethereum blockchain enables Aworker to provide independent rating services. Aworker’s mission is to help people build successful careers, affirm their professionalism and make money.

Employees will be able to obtain a reward for their proper performance, professional and communication skills. With the help of WORK Tokens and Ethereum blockchain technology, we are creating an independent rating of professionals all over the world. WORK token is a token for professionals. The stronger a worker’s reputation is the more beneficial terms are offered to an employee by our partners.

Aworker is created to help people boost their careers, show their experience and obtain additional rewards.

Their ambition is to create a new ecosystem for Work 2.0 to help specialists boost their professional skills and make names for themselves in the field. The next step is to develop the ecosystem providing employees with special offers on partners’ products. All calculations will be done in WORK Tokens. The higher the Ranking and Reputation of an employee, the more favorable conditions will be granted. They are offering the companies an application for recruitment process automation with access to a database, which is without peer. HR managers will be able to see a candidate rating, performance at the last job and confirmed skills. The blockchain will provide the most unbiased and reliable information to fill in this gap on the recruitment market to meet companies needs today.

According to their whitepaper “We want to create the world where people are rewarded for their skills and achievements at work. And companies receive a reliable rating of specialists to facilitate the candidates selection process.”

Makes good sense!

5. SingularityNet

SingularityNet [link] say there is no way for AI communicate data to each other and coordinate processing. Everything has to be done manually, expensively. There is no way to find AI services, nor any way to judge the quality of an AI service without using it. This creates unnecessary risk.

There solution includes protocol specifically designed to solve these problems while opening the AI market to the entire world. SingularityNET enables AI-as-a-service on a permissionless platform, so that anyone can use AI services easily. By wrapping each AI algorithm, they will create a simple protocol for exchanging data and coordinating processes between AI, solvig the communuication problem. The AI to AI economy takes form on the SingularityNET market, where any AI service can be discovered and purchased. By making it easy for AI services to be linked together, the SingularityNET market can offer automation-in-a-box at ultra low costs.

SingularityNET is powered by the AGI token, which makes the decentralized economy possible. The AGI token also solves the Assignment of Credit Problem, allowing us to quantify the value an AI agent brings to the market. This problem is the first step toward creating Artificial General Intelligence (AGI), and the AGI token makes this breakthrough possible. Sounds fairly ambitious but they’re certainly on the right track. Hopefully they’ve got the ICO versus getting listed and becoming a trading vehicle balanced right.

Good to go!

— — — — — — — — — — — — —

Conclusion

FortKnoxster (FKX) ICO Analysis: A Blockchain-based Data Storage and Security Platform

Executive Summary

Project Description

Every year a lot more enterprises are becoming victims of online security breaches and suffer immeasurable damage. If companies keep customer-related data, when they get hacked, they lose huge amounts of valuable data. FortKnoxster wants to help these companies forestall future attacks by offering them a communication and file storage platform. Individuals can also benefit from the services on offer.

FortKnoxster offers an encrypted messaging system that includes voice messages, conference calls, group chats, and screen sharing.

Subscribers can use the web version of FortKnoxster, or their phone app. Every user is given a certain amount of free storage for files and folders, and there is an allowance for exchange of data between customers on the platform. If your free storage is exhausted, you can use FKX to purchase more storage, and if you have spare disk space, you can rent it out and earn FKX in return.

Apart from paying for storage space as mentioned above, the token, FKX is also used for rewarding users on the platform for activities e.g. referrals. A demo is already available and the security of the system was tested by several hackers.

Hard Cap and Valuation

FortKnoxster plans to raise $15 million for a total of 135 million tokens, and up to 7% of the token total is available during their pre-sale.

From the total left after pre-sale, 59.5% is put up for the official sale, 7.5% is shared among the founders, and 12% goes to the partners and advisors. Furthermore, 11% of the token total is earmarked for community incentives, and the final 10% is reserved for the company itself.

The founder tokens and the company tokens are locked for 12 months, so only 82.5% of the token total are in circulation from the start.

Important Dates

FKX pre-sale is billed to start on the 5th of February, 2018, and during pre-sale, there is a 20% discount. For investments over $250,000, there is a 30% discount.

The normal sale starts on the 19th of February, 2018, and before you can partake in either the pre-sale or the normal sale, you have to register on FortKnoxster’s website.

Marketing Power

As at when this post was published, FortKnoxster has over 600 Telegram users, 20 Reddit readers, and 2100+ Facebook subscribers. They also have over 860+ followers on Twitter.

Prominent Advisors

  • David Orban, Blockchain Expert.
  • Henok Tekle, Blockchain Expert.

Howey’s Test

According to Howey’s Test conducted by Research Center analysts, it is unlikely that FKX will be considered a security.

Team Members’ Areas of Expertise

Business experts

Rasmus Birger Christiansen, CEO and Co-Founder.

  • Founder of Telecom Experts.
  • Co-Founder, and CEO of Real-Time Warning Systems for 9 years. Before that, he spent 2 years as CTO of the company.

Target market experts

Rasmus Birger Christiansen

  • See above.
  • Core Network Consultant at Nokia for 6 months.
  • Core Network Consultant at Voicestream for a year.
  • Core Network Consultant at E-Plus for a year.

Mickey Joe Nathan Johnnysson, CTO and Co-Founder.

  • Security Supervisor at Triángulo for almost 3 years.

Marketing experts

FortKnoxster has no team member with pertinent marketing experience. However, there are plans in place to hire a “commercial CEO and sales director” next year.

Legal experts

There is nobody with legal expertise on the team.

Software engineering experts

Mickey Joe Nathan Johnnysson

  • Lead Software Developer at Snuko for over 3 years.

Aram Ispiryan, Lead iOS Developer.

  • iOS Developer at Zangi for 2 years.
  • Developer at National Polytechnic University of Armenia for over 3 years.

Armen Sisakyan, Android Developer.

  • IT Administrator at Skoda Armenia.

Blockchain development experts

No team member with prior ICO blockchain development experience.

Token sale structure

Same as above.

Token economics

Same as above.

Disclaimers:

  • Nothing written in this article is a legal or an investment advice.
  • Information is provided on a best-effort basis and is subject to change without prior notice. Be sure to verify everything you read with a project team.

The analysis was produced by Research Center team members: Robin Davids, Mark Jedd, Eugene Tartakovsky.

We are constantly working on improving our work, so we welcome all constructive feedback. Let us know what you think.

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FortKnoxster (FKX) ICO Analysis: A Blockchain-based Data Storage and Security Platform was originally published in Research Center Publication on Medium, where people are continuing the conversation by highlighting and responding to this story.