Bitcoin's and the future of online banking - Page 50

Daut can you please post something that will make myself and the rest of us feel better about the last 24 hours? Thanks in advance

On January 17 2018 03:46 TimDawg wrote: Daut can you please post something that will make myself and the rest of us feel better about the last 24 hours? Thanks in advance

Zoom out on the graphs

Hello LP, I have a crypto investment strategy question:

Let's assume the best way to ride the blockchain phenomenon is to hold a basket of cryptocurrencies.

What would be the most important factors you would consider when picking different cryptos for your basket, and balancing their ratios.

Below are mine, roughly in order of priority:

- Market cap (BTC is a winner atm)

- Specs/whitepaper/technology underlying the currency (BTC is arguably behind a lot of the newer/next gen coins)

- Price (Tricky one, not sure if possible to tell if one coin is over/under priced versus other coins)

- Team behind the coin

- Liquidity

Let's discusss

The community behind it as well is an important factor, especially if investing in ICOs

Drawing random lines, rofl. Don't worry guys !

On January 17 2018 07:19 Daut wrote: Show nested quote + On January 17 2018 03:46 TimDawg wrote: Daut can you please post something that will make myself and the rest of us feel better about the last 24 hours? Thanks in advance Zoom out on the graphs

I also heard zooming out of the internet works. Or zooming in a bottle of alcohol.
So how often does this zooming occur in technical analysis? Or should i say wishful thinking.

I sincerely don't mean anything bad to anyone. Just can't wrap my head around some things here.

Short squeezes, bubbles, etc happenings of great volatility are not uncommon in financial markets.

https://cointelegraph.com/news/cme-bi...res-launch-possible-economic-outcomes

Incoming hardcore pump to 26th of Jan bois, be prepared

On January 18 2018 15:26 Spitfiree wrote: https://cointelegraph.com/news/cme-bi...res-launch-possible-economic-outcomes Incoming hardcore pump to 26th of Jan bois, be prepared

oh shit

Regarding the CME/CBOE futures manipulation narratives:

1. neither futures have enough volume for any party to have built a big enough position to be incentivized to manipulate the market to this degree

2. to put this into perspective:
- CME daily volume for their January futures was <1000 contracts (5000 BTC or 60m$), CBOE has even less
- OKex daily volume for their March futures was ~$1b (in other words, CME volume is 6% of what OKex volume is)

4. So i think if there was a group wanting to take futures positions with the intention of manipulating the index they'd be doing it on OKex instead of CME/CBOE, at least until CME or CBOE gets a reasonable amount of volume

5. This already happens on major futures expiration days on OKex already, except that it's not a 40% drop in the market, it's just a minor manipulation of 1-2%

6. Moving the market to the degree it has been moved in the last few days is extremely expensive, especially when there isn't any extreme FUD news to support it, manipulators need to be properly incentivized to invest tens of thousands of bitcoins in moving the market like this and the CME/CBOE futures products have too little volume to create this incentive

On January 19 2018 07:24 Smuft wrote: Regarding the CME/CBOE futures manipulation narratives: 1. neither futures have enough volume for any party to have built a big enough position to be incentivized to manipulate the market to this degree 2. to put this into perspective: - CME daily volume for their January futures was <1000 contracts (5000 BTC or 60m$), CBOE has even less - OKex daily volume for their March futures was ~$1b (in other words, CME volume is 6% of what OKex volume is) 4. So i think if there was a group wanting to take futures positions with the intention of manipulating the index they'd be doing it on OKex instead of CME/CBOE, at least until CME or CBOE gets a reasonable amount of volume 5. This already happens on major futures expiration days on OKex already, except that it's not a 40% drop in the market, it's just a minor manipulation of 1-2% 6. Moving the market to the degree it has been moved in the last few days is extremely expensive, especially when there isn't any extreme FUD news to support it, manipulators need to be properly incentivized to invest tens of thousands of bitcoins in moving the market like this and the CME/CBOE futures products have too little volume to create this incentive

and 3 ?

China did their usual "we ban bitcoin" FUD. Koreans manipulated the market (with people in the government being investigated for insider trading now) by FUD as well.

Also where did you find the value of the contracts @ CME actually? I searched for an hour and then gave up cause I couldnt find anything other than volume

.

US government shuts down, this should theoretically boost the price of BTC a bit


Also I spent last few days researching VEN - https://coinmarketcap.com/currencies/vechain/

There are sick rumours regarding the company on a possible partnership with PBoC and them building a possible crypto on top of VEN's platform post Rebranding. The rebranding part is true and will happen somewhere in the late February, they'll switch out of ETH's network as far as I understand and do something similiar to NEO, they will have a VEN THOR which will be generated for every VEN holder at a rate of 0.000042(I think) THOR per VEN on a daily basis, THOR will be the same as GAS for NEO and will be needed by actual utility users.

Also the whales are heavily incentivized by such system to NOT play with the price due to master nodes. The higher level you hold, the bigger bonus of THOR production you gain. I still don't understand whats the problem with dumping the price and buying in cheaper though so, but thats probably cause they'd be essentially dumping both VEN and THOR's price together.

The only problems I see in the future is the following:

All platform utilizers will need to have VEN in order to be using their stuff, the price for VEN is currently okay for big businesses to buy, I'm guessing they're keeping it low on purpose at the moment, however this should heavily catapult until the end of the year. For example, NEO did a x5 run after the rebranding alone and then ended up the year with x25ish I think compared to price pre rebrand and they did that with NO working product. VEN on the other side already work with large businesses and logistic chains. Keep in mind that NEO doesn't have as solid positions as VEN does either, they are the other currency that is rumoured to strike a business partnership with PBoC, however its unlikely, the 2 options for PBoC are VEN and building a platform of their own, however the semi-centralized nature of VEN kind of gives decent odds to VEN too. Even if VEN doesn't do a partnership with PBoC there is no reason for their token to not beat NEO by the end of the year, imagine the possibilities with PBoC.

Anyways back to the problem - once VEN becomes expensive, new businesses might not want to use their products as it would be quite expensive for them to buy the token. Imagine the price going up to 150$ for a VEN, however that's honestly the only problem I've seen and its one in the future, e.g. investors wouldn't really care if they x5 their money and get out though.

Don't take this as financial advise as I'm obviously quite new to this but I've spent a good amount of time on this alone to understand most of how their stuff work. Still many technical details I don't understand thus I could be missing something HUGE!

I'm also kind of unsure if I should dump more money into VEN atm as its at an ATH and I already made the mistake with 2 other coins buying them at an ATH and suffering short term, but expect long term profitz. It was at 5100-5200 levels for the majority of the day yesterday ( European time) - with ATH being 5300 and it mooned to 5900 (really close to break the 6000 wall) while i slept :/

p.s. there are probably a million things which i didn't put in the post, however if you've done research on them and found potential problems please share them

On January 20 2018 14:27 Spitfiree wrote: US government shuts down, this should theoretically boost the price of BTC a bit Also I spent last few days researching VEN - https://coinmarketcap.com/currencies/vechain/ There are sick rumours regarding the company on a possible partnership with PBoC and them building a possible crypto on top of VEN's platform post Rebranding. The rebranding part is true and will happen somewhere in the late February, they'll switch out of ETH's network as far as I understand and do something similiar to NEO, they will have a VEN THOR which will be generated for every VEN holder at a rate of 0.000042(I think) THOR per VEN on a daily basis, THOR will be the same as GAS for NEO and will be needed by actual utility users. Also the whales are heavily incentivized by such system to NOT play with the price due to master nodes. The higher level you hold, the bigger bonus of THOR production you gain. I still don't understand whats the problem with dumping the price and buying in cheaper though so, but thats probably cause they'd be essentially dumping both VEN and THOR's price together. The only problems I see in the future is the following: All platform utilizers will need to have VEN in order to be using their stuff, the price for VEN is currently okay for big businesses to buy, I'm guessing they're keeping it low on purpose at the moment, however this should heavily catapult until the end of the year. For example, NEO did a x5 run after the rebranding alone and then ended up the year with x25ish I think compared to price pre rebrand and they did that with NO working product. VEN on the other side already work with large businesses and logistic chains. Keep in mind that NEO doesn't have as solid positions as VEN does either, they are the other currency that is rumoured to strike a business partnership with PBoC, however its unlikely, the 2 options for PBoC are VEN and building a platform of their own, however the semi-centralized nature of VEN kind of gives decent odds to VEN too. Even if VEN doesn't do a partnership with PBoC there is no reason for their token to not beat NEO by the end of the year, imagine the possibilities with PBoC. Anyways back to the problem - once VEN becomes expensive, new businesses might not want to use their products as it would be quite expensive for them to buy the token. Imagine the price going up to 150$ for a VEN, however that's honestly the only problem I've seen and its one in the future, e.g. investors wouldn't really care if they x5 their money and get out though. Don't take this as financial advise as I'm obviously quite new to this but I've spent a good amount of time on this alone to understand most of how their stuff work. Still many technical details I don't understand thus I could be missing something HUGE! I'm also kind of unsure if I should dump more money into VEN atm as its at an ATH and I already made the mistake with 2 other coins buying them at an ATH and suffering short term, but expect long term profitz. It was at 5100-5200 levels for the majority of the day yesterday ( European time) - with ATH being 5300 and it mooned to 5900 (really close to break the 6000 wall) while i slept :/ p.s. there are probably a million things which i didn't put in the post, however if you've done research on them and found potential problems please share them

Seems like you've got it all figured out.
Last post was about bitcoin going up, down or sideways. Solid stuff.

It's funny how people find a random coin, read up on it and become the biggest fans :D