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Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

Some Bitcoin Analysts and Prediction Today and Yesterday & Why "It's not the Price, Dummy"

This is just for fun, I generally have no strong feelings toward bitcoin price (I'm just fundamentally against zero-sum get rich schemes). But today I decided to do a little bitcoin search in news.google.com and see what today's bulls were predicting in 2018. Side note, almost all of the news articles came from crypto sites. I tried my best to stay away from them. Farming magazine telling you agriculture is the future isn't exactly shocking.
To people who invest, please don't consider this as a prediction that price will fall. I'm not astute or smart enough to predict either way. The only possible use is to make sure you are more skeptic regarding predictions. Keep in mind, a rich CEO or consultant can lose 100 million and not really affect his life that much, but a 10k or 100k lose for some people can be devastating. And remember, some of these rich hedge managers don't believe their own bullshit, and hopefully, some of these quotes will emulate that.
(Note, I won't waste time linking them all, but by quoting them directly, it should be easy to google)
(another side note, I didn't purposely search out specific names. I went by the first names I came across, and only ignoring those that I couldn't find anything regarding crypto in past years)

Mike Novogratz

Present: Business Inside: Bitcoin is like 'digital gold' and won't be used the same as a traditional currency in at least 5 years, billionaire investor Mike Novogratz says
Past: On Nov, 2017, he said: "Bitcoin could ‘easily’ reach $40,000 by the end of 2018, hedge fund legend Novogratz says"
2018: "Michael Novogratz calls a bottom in cryptocurrencies" (it wasn't)
Novogratz started a crypto funding in 2018. First 9 months "Mike Novogratz’s Crypto Trading Desk Lost $136 Million in Nine Months" (Bloomberg). Quarter 4: "Galaxy Digital Posts $32.9 Million in Net Loss for Q4 2019". Feb 2020 "Mike Novogratz’s Galaxy Digital Slashes 15% Staff"

Raoul Pal

Present: "For Raoul Pal, CEO of Real Vision, the bullish atmosphere had been reinforced, and further gains were more likely than ever.
“There are literally only two resistances left on the #bitcoin chart - 14,000 and then the old all-time high at 20,000,” he tweeted."
In a tweet today, he said, "Bitcoin is eating the world...
It has become a supermassive black hole that is sucking in everything around it and destroying it. This narrative is only going to grow over the next 18 months.
You see, gold is breaking down versus bitcoin...and gold investors will flip to BTC"
Past: 2014: "Put them in the same kind of equation we get a value of bitcoin and that value is a million dollars. Now, you'll never hear an analyst say this—but I don't mind this—I could be wrong by 90%, and it's still worth $100,000." (to be honest, that's a bit of an impressive prediction in 2014)
On the other hand, he probably didn't really believe his own prediction because in June, 2017 (when it was 2000 USD or so), he said: " “This is the most exponential move we have seen. I don’t know how far it goes, but I sold out last week… and I’ve [owned Bitcoin] since it was $200. Anything that moves exponentially, always [blows up].”"
In 2016, "This view brings Pal to the asset he favors most over the next year out of bonds, equities, currencies and commodities: the dollar."

---

Eh, that was just two. I was hoping to mention several people, but it appears not many people are actually making predictions anymore, and anyone mentioned are basically not big people so I couldn't find much on them regarding bitcoin before 2019.
So, the main thing I like to highlight are the analysts and such are going to make money whatever happens. Fund managers are playing with people's money and, as long as they are not involved in frauds, there is no real harm to them against wrong predictions. Generally, successful business people are successful because they were loud, confident, and were able to convince others that they had the right idea. Even when wrong, they bounce back. Most of us aren't like that.
Some bitcoiners come here to boast when price goes up, as if the increase in price is an indication that argument against bitcoin has been proven wrong. While some people here are fanatically anti-bitcoin, I am not one of those. I have nothing against people making money (why would I be upset that people I don't know around the world became wealthier??). But since bitcoin investing is by design a zero sum game, certain people will eventually lose, and it is most likely it is the people who were listening to predictions by experts that would ultimately be financially hurt, and not the experts making the predictions.
Crypto investing has been a platform where the average person works hard in his day to day life, and then brings the fruits of his labor into this field. The actual productive part of that person's life is the one outside crypto, where they had been productive for the community, and in exchange, they receive wages. Crypto investing's promise is for this wage to increase without the actual productivity. The concern is mainly that the result of all that labor will be misused by crypto "experts" who's own income (their labor) is directly linked to predictions on crypto.
The above paragraph is badly explained, but the main point is that the average person brings in outside money they worked hard for, while "experts" there is generally no outside money, crypto fund management or consulting itself is their job.
---
Money can be made, of course, but money being made isn't necessarily an argument for something. Bitcoin, and crypto, has for the past 1.5 decades still largely just about numbers going up. Google trend on "bitcoin" show top related queries being "bitcoin price", "bitcoin usd", "bitcoin usd price". When people come here when it hits a particular arbitrary price point thinking it's their gotcha moment, it actually just reinforces my argument that it is only about the price. Nothing in the history of human economy has ever lasted based only on the economic model of who you could resell it for at a higher price.
Even DeFi's smart contracts (as much as I could understand it) is about prices going up. It's like for these people the concept of contracts are based purely on money exchanging hands, and no actual task being done. Almost all contracts globally are based on specific productive tasks being done, such as employee contract, supplier contract, property contract, and so on. Only a tiny amount of it is based on "if this currency goes up, then give me that currency" contracts.
---
submitted by madali0 to Buttcoin [link] [comments]

COVID

For Trading October 27th
Housing Numbers Missed
COVID, COVID, COVID!
Today’s market could have been worse, but I’m not sure how! Prices weakened overnight and then the news only got uglier as the morning progressed. Housing data took a turn for the worse and the selloff just accelerated with the DJIA hitting the low -965 around 1:45, but the bounce was nothing to write home about. We finished -650.19 (2.29%), NASDAQ -189.34 (1.64%), S&P 500 -64.42 (1.8%), the Russell -35.29 (2.15%) and the DJ Transports -275.32 (2.32%) the worst index, but not by enough to make a difference. Housing numbers (new home sales) was not only a disappointment on a month/month basis, but we also had a meaningful restatement of last month’s number from 1,011,000 to 994,000. This month we were expecting 1,022,000 and got 959,000. Tomorrow we have Durable goods, Consumer confidence, NAHB housing prices and Case-Shiller for August.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members.
Last week’s interview with Joe Moscato, CEO of GNBT is available today at https://youtu.be/rJBtqC75g3A It’s a great story and this stock (I believe) won’t stay at these levels once there is a wider understanding of what this company actually has going for it!!
Tonight’s closing comment video: https://youtu.be/4O9B_KkQ3Ao
SECTORS: Earnings was the big mover today for SAP. The German digital enterprise software company said that Covid-19 has hurt business and will continue to weigh on profits through the first half of 2021. Early, the stock was trading around $118 -31 and it only got worse closing $115.02 -34.66 (23%). It sent the group lower across all markets in all locations. In other news, Dunkin Brands (DKNK) is reportedly in talks to go private again, this time with Inspire Brands, owner of Arby’s, Buffalo Wild Wings, and Jimmy Johns chains. The number being talked about is $105.00 and after hitting 105.50 in premarket it settled back to finish the day $103.00+ 14.21 (16%). Alibaba Group was one of the few mega-cap names to not get too badly hurt, possibly due to the coming IPO in Hong Kong of ANT Group, a fintech company due to raise over $35 Billion in the largest IPO in history. BABA is a major investor in ANT.
New Group: AIR & CRUISE LINES were LOWER with CCL -1.33, RCL -5.37, NCLH -1.47, AAL -.76, DAL -2.10, LUV -1.62, UAL -2.72, HA -.99, ALK -3.07 and XTN $61.04 -1.97 (3.13%).
FOOD SUPPLY CHAIN was LOWER with TSN -2.45, BGA +1.32, FLO -.10, CPB -.26, CAG -.03, MDLZ -1.13, KHC -.79, CALM -.78, JJSF -1.04, SAFM -5.23, HRL -.16, SJM -.44, PPC -.55, KR +.40, and a new addition ACI +.01, and PBJ $33.75 -.48 (1.38%).
BIO-PHARMA: was LOWER with BIIB -8.24, ABBV -.34, REGN +5.19, ISRG -23.71, GILD -.94, MYL -.47, TEVA -.20, VRTX -4.43, BHC -.53, INCY +.75, ICPT -.50, LABU -2.49, and IBB $135.11 -1.38 (1.01%).
CANNABIS: was LOWER with TLRY -.79, CGC -1.19, CRON -.28, GWPH -2.87, ACB -.27, CURLF -.65, KERN -.36, and MJ $11.09 -.41 (3.57%).
DEFENSE was LOWER with LMT -5.83, GD -2.30, TXT -1.18, NOC +1.57, BWXT -1.01, TDY -13.77, RTX -2.07, and ITA $160.43 -4.41 (2.67%).
RETAIL: was LOWER with M -.49, JWN -1.03, KSS -1.08, DDS -.10, WMT -1.36, TGT -2.26, TJX -2.02, RL -2.29, UAA -.83, LULU -2.15, TPR -.43, CPRI -.16, and a new addition GPS -.63, and XRT $53.05 -1.39 (2.55%).
MEGA-CAP & FAANG were LOWER with GOOGL -48.80, AMZN +5.60, AAPL -.18, FB -7.59, NFLX -.28, NVDA -18.58, TSLA -4.13, BABA -2.87, BIDU -.98, CMG -29.08, CRM -8.52, BA -7.26, CAT -5.69, DIS -4.23 and XLK $115.87 -2.57 (2.17%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -3.94, JPM -2.58, BAC -.43, MS -1.53, C -.64, PNC -3.31, AIG +.95, TRV -4.43, V -4.76, and XLF $24.68 -.57 (2.26%).
OIL, $38.56 – 1.29, Oil has been locked into the current range and tried to break in either direction without success. Last week I said, “While I think it may resolve to the downside, I am not taking any new positions.” The stocks were lower today even though there has been a pickup in M&A activity in the group. XLE finished $29.30 -1.09 (3.59%).
GOLD $1,905.70 +.50 opened LOWER and managed to rally while the market for stocks sold off. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $13,045 +75. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and 250 today @$14.19, and we still have 250 with a cost of $8.45. GBTC closed $14.30 -.06 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Axion - A Global Currency, Built To Serve The People

What is Axion? Per Axion's website:

AXION is the answer to our global financial markets that are on the brink of disaster.
The original solution to this impending collapse was Bitcoin, a decentralized peer-to-peer currency. However, since its inception, certain aspects of Bitcoin, such as lack of speed and high fees, have shifted Bitcoin into more of a store-of-value than a currency. Axion is the currency to address that.
With a high-interest time-locked savings account, Participants in the Axion Network are rewarded daily.

How is AXION distributed?

Anyone holding Hex2T (pre-sale) tokens will receive AXION at a rate of 1:1

Hex holders will also receive AXION 1:1, limited at 10M AXION tokens. Hex holders will also be auto-locked for a year, with 2% releasing weekly. More details can be found in the whitepaper. If Hex holders do not claim their AXION tokens, they will become available for purchase in the Daily Auction every week.

The Daily Auction

Putting Tokens and Value into your pocket.

To get Axion, it needs to be claimed by Hex & Hex2T holders, the longer they wait to claim, the more penalties they face. About 2% of their total per week. This 2% is added into a daily auction pool where people can bid using ETH on the Axion tokens within it. If you bid 10% of the ETH on that day, you get 10% of the pool rewards.
80% of the ETH paid in the auction is then used to hyperdrive both the Axion token and the stakers earnings. First, the ETH is used to purchase the tokens, boosting the token price, and then those tokens are distributed to stakers, creating a very strong positive feedback loop.

Axion Vision

Axion is on the path to becoming the ideal global currency.

For the first time in history, inflation is increasing the purchasing power of the people within the network. Axion has partnerships lined up to be integrated in online and in-person payment solutions, where you can pay for nearly everything in your every-day life using Axion. The merchants can accept FIAT (converted from Axion), or Axion itself. This is a global movement.

Axion: Built to Scale

500 Billion Initial Total Supply
1:1 Freeclaim ratio for Hex2T and Hex holders
80% of ETH Earned in auctions is used to buy back tokens
8% Annual inflation that goes Directly to stakers
100% of all purchased tokens Are distributed to stakers
No Auto-Stake For hex2t holders 100% autostake for hex holders

How to buy:

**Video Tutorials:**Metamask Install – https://www.youtube.com/watch?v=htyEeKNHX5ABuy/Sell Axion (HEX2T) – https://www.youtube.com/watch?v=vYZBOkHIM5k
How Do I Buy Axion (HEX2T)?
Step One: Purchase Ethereum from your exchange of choice (Coinbase, Binance, etc). You can also purchase Ethereum through Metamask and have it sent directly to your Metamask wallet (More details on this in Step Three). If buying through Coinbase, you’ll have the option to use a linked bank account or a debit card. Funds purchased via linked bank account will have a hold period while the bank transaction clears, funds purchased via debit card will be available for use instantly.
Step Two: Install the Metamask desktop browser extension and set up your Ethereum Wallet. You may also install the Metamask app on your Android smartphone and follow the same set up process in the linked video. (Apologies iOS users, the iOS Metamask app has restrictions that disable necessary features, you’ll have to use the desktop browser extension)
Step Three: Once you have your Metamask wallet set up and your seed words properly saved, it’s time to deposit Ethereum to your wallet.
– If you’ve purchased Ethereum on an exchange such as Coinbase or Binance, you’ll have to copy your wallet address from Metamask and withdraw the Ethereum from the exchange to your Metamask wallet address that you just copied. Be sure to check the wallet address multiple times before sending as transactions can not be reversed.
– If you’d like to purchase Ethereum directly through Metamask, you can do so using the Wyre fiat gateway that is integrated into Metamask.
Step Four: Now that you have Ethereum in your Metamask wallet, you can head over to our listing on the Uniswap Exchange to purchase Axion (HEX2T). We recommend using Fast GAS to speed up your transactions. You may also have to click on the gear icon in the top right on Uniswap to adjust your slippage limit when buying larger amounts.
– If using the Metamask app on Android, you’ll have to access the in-app browser through the menu (three bars top left of app) and paste the provided link.
– You will see a “From” input that should have ETH as the selected currency pointing to a “To (estimated)” output that should have HEX2T as the selected currency. The “From” input is the amount of Ethereum you will be spending and the “To (estimated)” output is the amount of HEX2T that you will receive for that amount of Ethereum.
– Once you enter the amount of Ethereum you’d like to spend, the button at the bottom of the page should say “Approve”. This “Approve” function allows the exchange to access Ethereum in your wallet, which is necessary to complete this transaction. You’ll click the “Approve” button and the exchange will send a transaction to your wallet, which you will have to confirm. Wait for that Approve transaction to clear and once it does the button should change from “Approve” to “Swap”.
– Now that you’ve given the exchange permission to use the Ethereum in your wallet, you can click the “Swap” button. This will send another transaction to your wallet that you’ll have to confirm. Once that transaction clears, you’ll have successfully purchased HEX2T with Ethereum!
Side Note: If you can’t see the HEX2T that you’ve purchased in your Metamask wallet’s Asset list, you’ll have to add the token to your Asset list. At the bottom of the Asset list you will see an “Add Token” button, click on that and you’ll see a “Search” and a “Custom Token” tab. Click on the “Custom Token” tab and paste the following address (0xed1199093b1abd07a368dd1c0cdc77d8517ba2a0) into the “Custom Token Address” field, the rest of the info should auto-fill. Then click the “Next” button in the bottom right, and it should display your HEX2T balance, click the “Add Tokens” button and you should now see your HEX2T in your Asset list.
**How Do I Sell Axion (HEX2T)?**To sell Axion (HEX2T), you essentially do the inverse of what you did to purchase it.Step One: Head over to Uniswap Exchange and click on ETH in the “From” input, a drop down list will appear and you’ll select HEX2T. In the “To (estimated)” output, click on “Select a Token” and select ETH. To clarify, if you want to sell, HEX2T should be on top, ETH should be on bottom.
Step Two: Enter the amount of HEX2T you’d like to sell in the “From” input, the button at the bottom of the page should say “Approve”. This “Approve” function allows the exchange to access HEX2T in your wallet, which is necessary to complete this transaction. You’ll click the “Approve” button and the exchange will send a transaction to your wallet, which you will have to confirm. Wait for that Approve transaction to clear and once it does the button should change from “Approve” to “Swap”.
– Now that you’ve given the exchange permission to use the HEX2T in your wallet, you can click the “Swap” button. This will send another transaction to your wallet that you’ll have to confirm. Once that transaction clears, you’ll have successfully sold HEX2T for Ethereum!
If at any point you feel that you need help in this process, please do not hesitate to join our fast growing Discord or Telegram. Once you’re in either of those communities you’ll be able to ask an admin or moderator for assistance.

Legal

Their legal proposal is 95% complete, per their Discord announcement - and most likely be finished in the coming days.

Charts:

http://chartex.pro?symbol=UNISWAP:HEX2T/USD
https://www.coingecko.com/en/coins/hex2t

According to the infamous Jeff K...


TLDR


Axion WHITEPAPER

submitted by kylejames87 to CryptoMoonShots [link] [comments]

HOG Wild

For Trading October 28th
MSFT BEATS, HOG RIDES HIGHER
CAT, MMM, PFE & LLY DISAPPOINT
COVID, COVID, COVID!
Today’s market was a split affair right from the pre-market through to the late markets. The DJIA was down on the beat on dramatically lowered expectations for CAT (a “not as bad” loss) and MMM. Both actually were even lower at the close than they were pre-market. The DJIA finished 1222.19 (.60%) while the NASDAQ was +72.44 (.64%), and S&P 500 -10.29 (.30%), the Russell -14.50 (.90%) and the biggest loser, the DJ Transports -173.21 (1.49%). Market internals were 2:1 down at the NYSE and only slightly better on the NAZ at 5:3 lower. The volume was very light, even considering the time of year. The DJIA was 23 down and 7 higher with the big winner, one we own, CRM, adding 55 DP’s and the losers GS -38, BA -37, CAT & MMM -34 DP’s.
Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members.
Last week’s interview with Joe Moscato, CEO of GNBT is available today at https://youtu.be/rJBtqC75g3A It’s a great story and this stock (I believe) won’t stay at these levels once there is a wider understanding of what this company actually has going for it!!
Tonight’s closing comment video: https://youtu.be/8kbt4YIVlZU
SECTORS: Earnings was the big mover today for CAT, MMM, PFE and this evening MSFT. As I mentioned above, CAT was a loss, but not as bad as feared and the stock started early trading -3.76, but got weaker all day and finished $157.91 -5.29 (3.2%), MMM was a beat, but was -2.16 early but finished $161.04 -5.12 (3.1%). PFE finished $37.42 -.50 (1.3%). MSFT beat on all metrics with better numbers as well as margins. Their Chromebook numbers were up, MSFT 365 was up and both the Cloud and Gaming businesses were higher. The call hasn’t started yet but the stock had closed $213.25 +3.17 (the recent move was from $196 to 225 since late September) and the stock fell to 211, rallied up to $216, and since has sold off to the $210 area. The biggest mover by far was Harley Davidson (HOG) which came in with a major surprise and after closing $29.00 -1.07 Monday was up to $32.70 pre-market, opened $32.37 and flew up to $37.20 and finished $35.40 +6.40 (22.7%). The move was the best day in the history for the company!
New Group: AIR & CRUISE LINES were LOWER with CCL -.30, RCL -1.24, NCLH -.30, AAL -.61, DAL -1.36, LUV -1.34, UAL -1.26, HA -.39, ALK -1.23 and I’ve switched to JETS as a more representative ETF for the group which finished the day $17.15 -.63 (3.54%).
FOOD SUPPLY CHAIN was MIXED with TSN +.21, BGS +.85, FLO +.05, CPB -.05, CAG -.59, MDLZ -.42, KHC +.08, CALM -.10, JJSF +.10, SAFM +2.71, HRL +.58, SJM -2.00, PPC +.,04, KR -.83, and a new addition ACI +.+.09, and PBJ $33.72 -.03 (.08%).
BIO-PHARMA: was LOWER with BIIB -1.46, ABBV -1.37, REGN -5.85, ISRG +9.13, GILD -.12, MYL -.59, TEVA -.38, VRTX +5.04, BHC -.09, INCY -209, ICPT +.08, LABU +1.69, and IBB $135.87 +.76 (.56%). CANNABIS: was MIXED with TLRY -.27, CGC +.09, CRON +.04, GWPH -1.38, ACB -.37, CURLF +.03, KERN -.64, and MJ $11.04 -.05 (.45%).
DEFENSE was LOWER with LMT -7.55, GD -3.91, TXT -1.06, NOC -8.36, BWXT -.63, TDY -11.02, RTX -4.16, and ITA $155.39 -5.04 (3.14%).
RETAIL: was LOWER with M -.35, JWN -.62, KSS -.85, DDS -1.52, WMT +.10, TGT -.94, TJX -1.01, RL -2.33, UAA -.26, LULU +2.21, TPR +.15, CPRI +.28, and a new addition GPS -.35, and XRT $53.84 -.21 (.40%).
MEGA-CAP & FAANG were HIGHER with GOOGL +10.70, AMZN +64.96, AAPL +1.03, FB +5.29, NFLX -2.74, NVDA +7.10, TSLA -1.95, BABA +9.33, BIDU +.85, CMG -11.73, CRM +7.40, BA -6.56, CAT -5.60, DIS -1.29 and XLK $115.78 -.09 (-.08%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS -5.99, JPM -2.43, BAC -.77, MS -1.92, C 1.58, PNC -2.44, AIG -.14, TRV -2.45, V -3.27, and XLF $24.12 -.56 (2.27%).
OIL, $39.57 +1.01, Oil has been locked into the current range and tried to break in either direction without success. Last week I said, “While I think it may resolve to the downside, I am not taking any new positions.” The stocks were lower today even though there has been a pickup in M&A activity in the group. XLE finished $28.75 -.55 (1.88%).
GOLD $1,911.90 + 6.20 opened LOWER and managed to rally while the market for stocks sold off. There were several “unusual options action” looking for another 10-12% on the upside before year end.
BITCOIN: closed $13,685 +6.40 After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and 250 today @$14.19, and we closed out the final 250 @ $15.44. GBTC closed $15.63 +1.25 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent
In this week's edition of DDDD (Data-driven DD), I'll be going over the real reason why we have been seeing a rally for the past few weeks, defying all logic and fundamentals - retail investors. We'll look into several data sets to see how retail interest in stock markets have reached record levels in the past few weeks, how this affected stock prices, and why we've most likely seen the top at this point, unless we see one of the "positive catalysts" that I mentioned in my previous post, which is unlikely (except for more news about Remdesivir).
Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion. In fact, the numbers, facts, or explanations presented below could be wrong and be made up. Don't buy random options because some person on the internet says so; look at what happened to all the SPY 220p 4/17 bag holders. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.
Inspiration
Most people who know me personally know that I spend an unhealthy amount of my free time in finance and trading as a hobby, even competing in paper options trading competitions when I was in high school. A few weeks ago, I had a friend ask if he could call me because he just installed Robinhood and wanted to buy SPY puts after seeing everyone on wallstreetbets post gains posts from all the tendies they’ve made from their SPY puts. The problem was, he actually didn’t understand how options worked at all, and needed a thorough explanation about how options are priced, what strike prices and expiration dates mean, and what the right strategy to buying options are. That’s how I knew we were at the euphoria stage of buying SPY puts - it’s when dumb money starts to pour in, and people start buying securities because they see everyone else making money and they want in, even if they have no idea what they’re buying, and price becomes dislocated from fundementals. Sure enough, less than a week later, we started the bull rally that we are currently in. Bubbles are formed when people buy something not because of logic or even gut feeling, but when people who previously weren’t involved see their dumb neighbors make tons of money from it, and they don’t want to miss out.
A few days ago, I started getting questions from other friends about what stocks they should buy and if I thought something was a good investment. That inspired me to dig a bit deeper to see how many other people are thinking the same thing.
Data
Ever since March, we’ve seen an unprecedented amount of money pour into the stock market from retail investors.
Google Search Trends
\"what stock should I buy\" Google Trends 2004 - 2020
\"what stock should I buy\" Google Trends 12 months
\"stocks\" Google Trends 2004 - 2020
\"stocks\" Google Trends 12 months
Brokerage data
Robinhood SPY holders
\"Robinhood\" Google Trends 12 months
wallstreetbets' favorite broker Google Trends 12 months
Excerpt from E*Trade earnings statement
Excerpt from Schwab earnings statement
TD Ameritrade Excerpt
Media
cnbc.com Alexa rank
CNBC viewership & rankings
wallstreetbets comments / day

investing comments / day
Analysis
What we can see from Reddit numbers, Google Trends, and CNBC stats is that in between the first week of March and first week of April, we see a massive inflow of retail interest in the stock market. Not only that, but this inflow of interest is coming from all age cohorts, from internet-using Zoomers to TV-watching Boomers. Robinhood SPY holdings and earnings reports from E*Trade, TD Ameritrade, and Schwab have also all confirmed record numbers of new clients, number of trades, and assets. There’s something interesting going on if you look closer at the numbers. The numbers growth in brokers for designed for “less sophisticated” investors (i.e. Robinhood and E*Trade) are much larger than for real brokers (i.e. Schwab and Ameritrade). This implies that the record number of new users and trade volume is coming from dumb money. The numbers shown here only really apply to the US and Canada, but there’s also data to suggest that there’s also record numbers of foreign investors pouring money into the US stock market as well.
However, after the third week of March, we see the interest start to slowly decline and plateau, indicating that we probably have seen most of those new investors who wanted to have a long position in the market do so.
SPX daily
Rationale
Pretty much everything past this point is purely speculation, and isn’t really backed up by any solid data so take whatever I say here with a cup of salt. We could see from the graph that new investor interest started with the first bull trap we saw in the initial decline from early March, and peaking right after the end of the crash in March. So it would be fair to guess that we’re seeing a record amount of interest in the stock market from a “buy the dip” mentality, especially from Robinhood-using Millennials. Here’s a few points on my rationalization of this behavior, based on very weak anecdotal evidence
  • They missed out of their chance of getting in the stock market at the start of the bull market that happened at the end of 2009
  • They’ve all seen the stock market make record gains throughout their adult lives, but believing that the market might be overheated, they were waiting for a crash
  • Most of them have gotten towards the stage of their lives where they actually have some savings and can finally put some money aside for investments
  • This stock market crash seems like their once-in-a-decade opportunity that they’ve been waiting for, so everyone jumped in
  • Everyone’s stuck at their homes with vast amounts of unexpected free time on their hands
Most of these new investors got their first taste in the market near the bottom, and probably made some nice returns. Of course, since they didn’t know what they were doing, they probably put a very small amount of money at first, but after seeing a 10% return over one week, validating that maybe they do know something, they decide to slowly pour in more and more of their life savings. That’s what’s been fueling this bull market.
Sentiment & Magic Crayons
As I mentioned previously, this bull rally will keep going until enough bears convert to bulls. Markets go up when the amount of new bullish positions outnumber the amount of new bearish positions, and vice versa. Record amounts of new investors, who previously never held a position in the market before, fueled the bullish side of this equation, despite all the negative data that has come out and dislocating the price from fundamentals. All the smart money that was shorting the markets saw this happening, and flipped to become bulls because you don’t fight the trend, even if the trend doesn’t reflect reality.
From the data shown above, we can see new investor interest growth has started declining since mid March and started stagnating in early April. The declining volume in SPY since mid-March confirms this. That means, once the sentiment of the new retail investors starts to turn bearish, and everyone figures out how much the stocks they’re holding are really worth, another sell-off will begin. I’ve seen something very similar to this a few years ago with Bitcoin. Near the end of 2017, Bitcoin started to become mainstream and saw a flood of retail investors suddenly signing up for Coinbase (i.e. Robinhood) accounts and buying Bitcoin without actually understanding what it is and how it works. Suddenly everyone, from co-workers to grandparents, starts talking about Bitcoin and might have thrown a few thousand dollars into it. This appears to be a very similar parallel to what’s going on right now. Of course there’s differences here in that equities have an intrinsic value, although many of them have gone way above what they should be intrinsically worth, and the vast majority of retail investors don’t understand how to value companies. Then, during December, when people started thinking that the market was getting a bit overheated, some started taking their profits, and that’s when the prices crashed violently. This flip in sentiment now look like it has started with equities.
SPY daily
Technical Analysis, or magic crayons, is a discipline in finance that uses statistical analysis to predict market trends based on market sentiment. Of course, a lot of this is hand-wavy and is very subjective; two people doing TA on the same price history can end up getting opposite results, so TA should always be taken with a grain of salt and ideally be backed with underlying justification and not be blindly followed. In fact, I’ve since corrected the ascending wedge I had on SPY since my last post since this new wedge is a better fit for the new trading data.
There’s a few things going on in this chart. The entire bull rally we’ve had since the lows can be modelled using a rising wedge. This is a pattern where there is a convergence of a rising support and resistance trendline, along with falling volume. This indicates a slow decline in net bullish sentiment with investors, with smaller and smaller upside after each bounce off the support until it hits a resistance. The smaller the bounces, the less bullish investors are. When the bearish sentiment takes over across investors, the price breaks below this wedge - a breakdown, and indicates a start of another downtrend.
This happened when the wedge hit resistance at around 293, which is around the same price as the 200 day moving average, the 62% retracement (considered to be the upper bound of a bull trap), and a price level that acted as a support and resistance throughout 2019. The fact that it gapped down to break this wedge is also a strong signal, indicating a sudden swing in investor sentiment overnight. The volume of the break down also broke the downwards trend of volume we’ve had since the beginning of the bull rally, indicating a sudden surge of people selling their shares. This doesn’t necessarily mean that we will go straight from here, and I personally think that we will see the completion of a heads-and-shoulders pattern complete before SPY goes below 274, which in itself is a strong support level. In other words, SPY might go from 282 -> 274 -> 284 -> 274 before breaking the 274 support level.
VIX Daily
Doing TA is already sketchy, and doing TA on something like VIX is even more sketchy, but I found this interesting so I’ll mention it. Since the start of the bull rally, we’ve had VIX inside a descending channel. With the breakdown we had in SPY yesterday, VIX has also gapped up to have a breakout from this channel, indicating that we may see future volatility in the next week or so.
Putting Everything Together
Finally, we get to my thesis. This entire bull rally has been fueled by new retail investors buying the dip, bringing the stock price to euphoric levels. Over the past few weeks, we’ve been seeing the people waiting at the sidelines for years to get into the stock market slowly FOMO into the rally in smaller and smaller volumes, while the smart money have been locking in their profits at an even slower rate - hence an ascending wedge. As the amount of new retail interest in the stock market started slowed down, the amount of new bulls started to decline. It looks like Friday might have been the start of the bearish sentiment taking over, meaning it’s likely that 293 was the top, unless any significant bullish events happen in the next two weeks like a fourth round of stimulus, in which case we might see 300. This doesn’t mean we’ll instantly go back to circuit breakers on Monday, and we might see 282 -> 274 -> 284 -> 274 happen before panic, this time by the first-time investors, eventually bringing us down towards SPY 180.
tldr; we've reached the top
EDIT - I'll keep a my live thoughts here as we move throughout this week in case anyone's still reading this and interested.
5/4 8PM - /ES was red last night but steadily climbed, which was expected since 1h RSI was borderline oversold, leaving us to a slightly green day. /ES looks like it has momentum going up, but is approaching towards overbought territory now. Expecting it to go towards 284 (possibly where we'll open tomorrow) and bouncing back down from that price level
5/5 Market Open - Well there goes my price target. I guess at this point it might go up to 293 again, but will need a lot of momentum to push back there to 300. Seems like this is being driven by oil prices skyrocketing.
5/5 3:50PM - Volume for the upwards price action had very little volume behind it. Seeing a selloff EOD today, could go either way although I have a bearish bias. Going to hold cash until it goes towards one end of the 274-293 channel (see last week's thesis). Still believe that we will see it drop below 274 next week, but we might be moving sideways in the channel this week and a bit of next week before that happens. Plan for tomorrow is buy short dated puts if open < 285. Otherwise, wait till it goes to 293 before buying those puts
5/5 6PM - What we saw today could be a false breakout above 284. Need tomorrow to open below 285 for that to be confirmed. If so, my original thesis of it going back down to 274 before bouncing back up will still be in play.
5/6 EOD - Wasn't a false breakout. Looks like it's still forming the head-and-shoulders pattern mentioned before, but 288 instead of 284 as the level. Still not sure yet so I'm personally going to be holding cash and waiting this out for the next few days. Will enter into short positions if we either go near 293 again or drop below 270. Might look into VIX calls if VIX goes down near 30.
5/7 Market Open - Still waiting. If we break 289 we're probably heading to 293. I'll make my entry to short positions when we hit that a second time. There's very little bullish momentum left (see MACD 1D), so if we hit 293 and then drop back down, we'll have a MACD crossover event which many traders and algos use as a sell signal. Oil is doing some weird shit.
5/7 Noon - Looks like we're headed to 293. Picked up VIX 32.5c 5/27 since VIX is near 30.
5/7 11PM - /ES is hovering right above 2910, with 4h and 1h charts are bullish from MACD and 1h is almost overbought in RSI. Unless something dramatic happens we'll probably hit near 293 tomorrow, which is where I'll get some SPY puts. We might drop down before ever touching it, or go all the way to 295 (like last time) during the day, but expecting it to close at or below 293. After that I'm expecting a gap down Monday as we start the final leg down next week towards 274. Expecting 1D MACD to crossover in the final leg down, which will be a signal for bears to take over and institutions / day traders will start selling again
5/8 Market Open - Plan is to wait till a good entry today, either when technicals looks good or we hit 293, and then buy some SPY June 285p and July 275p
5/8 Noon - Everything still going according to plan. Most likely going to slowly inch towards 293 by EOD. Will probably pick up SPY puts and more VIX calls at power hour (3 - 4PM). Monday will probably gap down, although there's a small chance of one more green / sideways day before that happens if we have bullish catalysts on the weekend.
5/8 3:55PM - SPY at 292.60. This is probably going to be the closest we get to 293. Bought SPY 290-260 6/19 debit spreads and 292-272 5/15 debit spreads, as well as doubling down on VIX calls from yesterday, decreasing my cost basis. Still looks like there's room for one more green day on Monday, so I left some money on the side to double down if that's the case, although it's more likely than not we won't get there.
5/8 EOD - Looks like we barely touched 293 exactly AH before rebounding down. Too bad you can't buy options AH, but more convinced we'll see a gap down on Monday. Going to work on another post over the weekend and do my updates there. Have a great weekend everyone!
submitted by ASoftEngStudent to wallstreetbets [link] [comments]

Prepping for a Financial crisis / hyperinflation.

So what can we do about it? Any ideas are welcome.
It has a lot of "what if's"... It depends how tax and law play out with it.Historically speaking:
  1. -I stock bulk diesel for my cars while following historical averages to buy cheap.
  2. -Rotating food stock
  3. -Extra maintenance items, including the big things like a roof on your home if its coming time. Not joking I have a spare water heater and backup heating options, along with minor parts and filters to fix them. Same with cars and engines, (spark plugs, filters (all different filters), oil, cheap sensors that usually go bad and are only 4-10$ each, 1-2 extra alternator per vehicle, belts, mowing belts, bearings, grease, ... and I've literally had to use everything on that list and reorder.)
  1. -Security, Locks, Alarms, Cameras, people steal.
  2. A deep freezer for instance can stock food you use and buy on sale.
  3. Solar energy and solar heating supplements energy you use anyways
  4. Rainwater can be collected and used rather than buying from a source.
  5. A cooking gadget vs eating out.
  6. Tools and learning to fix things vs hire.
  7. House insulation.-Better insulative windows, and sealing.
  8. Geo-Thermal
  9. Gardening
  10. Bidet on toilet (lol serious though...)
  11. Backup power
  12. Your education can be a huge one, not just for prepping but also in your work.
  13. Things that prevent rot, fire, flood / humidity, or failure. Humidity is a silent killer to many preps. (water sump pumps, dehumidifiers, leak prevention, fire extinguishers / sprinklers, )
submitted by AntiSonOfBitchamajig to preppers [link] [comments]

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Jackpot City Live Casino has 8 different live dealer games, including two live baccarat games and two live table poker games. Mobile players can play over 150 casino games, including Microgaming’s best online blackjack and roulette. Jackpot City Casino’s mobile slots list includes some of the most popular video slots in the world, including progressive jackpot slots and licensed slots.
Bonus Amount: $1,600
Platforms Supported: Microsoft and Windows.
Type of Casino: Online, Download, Instant Play, Mobile.
Number of games: 1,000+
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Payment and Processing Information

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

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

Live Dealer Blackjack

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

Live Dealer Roulette

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

Live Dealer Baccarat

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

Live Dealer Poker

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

Live Dream Catcher

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

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

$1,600 Deposit Bonus

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

Deal-a-Day Bonuses

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

Special Bonuses

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

Jackpot City VIP Club

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

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

Table Games

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

Blackjack Games

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

Video Poker

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

Video Slots

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

Specialty Games

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

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

What will undoubtedly happen from a macroeconomic (big picture) perspective... idiots

OKAY. So demand has been reduced dramatically around the world, our $21 trillion GDP has basically been paused for 2 months, so to keep it afloat (rough math), the government had to add $3.5 trillion to keep the economy running somewhat smoothly. That's a lot of printing, you idiots probably expect inflation. Wrong, step away from the US and look at what other countries are doing, the ECB (European Central Bank) and BOJ (Bank of Japan) are having to print trillions of dollars worth of EURO and YEN to keep their economies going, along with every other country getting pounded. Not only that, but since the US dollar makes up 70% of global transactions, in liquidity terms, trillions worth of euro and yen is MUCH MUCH more than any amount Jpow feels like printing, there's no way our printing could offset what the rest of the world is doing, so inflation isn't coming. If you want proof, just look at the euro/usd (going lower) and literally ANY emerging market currency is getting absolutely clapped vs the dollar.

Furthermore, not only is US corporate debt at an all time high, but emerging markets, the eurozone, and asia has borrowed more dollars than ever before at any point in history, basically everyone around the world's debt is denominated in US DOLLARS. So what's about to happen? It's already happening, demand for US dollars is going up because everyone around the world wants to borrow more to offset cash flow concerns and pay off existing debts, which will cause the dollar to increase in value. What happens when the whole world has debt in dollars and the dollar goes up in value? DEBT BECOMES MORE EXPENSIVE. This is DEFLATION, and in particular and even more terrifying DEBT DEFLATION, a phrase that would make Jpow absolutely shit himself (and he knows its coming). This has already started before the whole beervirus nonsense, look at Venezuela and Zimbabwe, they had too much dollar debt, no one wanted to lend to them anymore and whoops, their currency is worthless now. It's going to be like a game of musical chairs for people trying to get access to dollars, starting with emerging markets and eventually moving into the more developed economies. The result: massive corporate bankruptcies, countries defaulting on debt (devaluing their currencies) and eventually a deleveraging of massive proportions. This WILL occur and no amount of printing can stop it, it's already too far gone.

It doesn't matter what the stock market does, other markets around the world will be fucked, honestly it might cause the market to go up because of all the money fleeing other countries trying to find a safe place to live. Here are the plays assholes. TLT will go up because no matter what Jpow says, he doesn't control the fed funds rate, the market does, and US treasury bond yields have already priced in bonds going negative. CPI shows that we may see up to -3% inflation (3% deflation), meaning at .25% fed funds rate, the REAL rate is 3.25%, that is the worst thing possible during a deleveraging because it makes it harder to stimulate the economy, the fed has no choice, rates MUST go lower. Rates go lower, bond prices go up, TLT 12/18 $205c. Remember how I said scared foreign money will want to find a nice safe place to go when we go into the biggest debt crisis the world has seen in over 300 years? GLD 12/18 $240c. Finally, the dollar will rise in value as well so UUP 12/18 $28c.

As far the actual market, we hit a high of SPY 339.08 in February, fell to a low of 218.26 by mid March, and have since then retraced EXACTLY to the 61.8% Fibonacci retracement level at 290, and started to bounce lower from there. I'm no technical analyst, but I do know history. During the greatest crashes in stock market history, 1929, 2001, 2008, the Nikkei in 1989 (Japan) this exact same thing happened, market got scared and fell to lows, then smoked that good hopium for a few weeks or month to retrace between 50% and 61.8% back to previews highs, then absolutely fell off a cliff. If you don't believe me, go look at the charts. Now, I'm personally not going to be betting on the US market falling because of the fact that its just straight up not reflecting reality and there are much better ways to trade on what's occurring (see trades above), but I PROMISE, that we will not be seeing new highs at any point any time soon.

TLDR; The world is going to shit due to the dollars over-dominance of the world market, we will soon see the worst deleveraging in human history, and may very well have to come up with a new fiat money system (probably not bitcoin, but it wouldn't hurt to have some). TLT 12/18 $205c, GLD 12/18 $240c, and UUP 12/18 $28c. If you wanna be an autist and buy weeklys, I can't help you, but I basically just gave you the next big short, so you're welcome.

DISCLAIMER: I didn't say what price to buy at for a reason, timing is extremely important for trades like this, so don't FOMO in and overpay, you will get clapped.
submitted by Rezuwrecked_ to wallstreetbets [link] [comments]

Some Basics Of Bitcoin

For someone not familiar with Bitcoin, the first question that comes to mind is, "What is Bitcoin?" And another common question that is often asked relates to the Bitcoin price. It started out a under 10 cents per Bitcoin upon its introduction in early 2009. It has risen steadily since and has hovered around $4000 per Bitcoin recently. So regarding Bitcoin value or the Bitcoin rate this is a most remarkable appreciation of value and has created many, many millionaires over the last eight years.
The Bitcoin market is worldwide and the citizens of China and Japan have been particularly active in its purchase along with other Asian countries. However, recently in Bitcoin news the Chinese government has tried to suppress its activity in that country. That action drove the value of Bitcoin down for a short time but it soon surged back and is now close to its previous value.
The Bitcoin history chart is very interesting. Its creator was an anonymous group of brilliant mathematicians (using the pseudonym Satoski Nakamoto) who designed it in 2008 to be "virtual gold" and released the first Bitcoin software in early 2009 during the height of the USA economic crisis. They knew that to have lasting value, it like gold had to have a finite supply. So in creating it they capped the supply at 21 million Bitcoin.
Bitcoin mining refers to the process by which new Bitcoin is created. With conventional currency, government decides when and where to print and distribute it. With Bitcoin, "miners" use special software to solve complex mathematical problems and are issued a certain number of Bitcoin in return.
A question that then arises is, is Bitcoin mining worth it. The answer is NO for the average person. It takes very sophisticated knowledge and a powerful computer system and this combination of factors makes it unattainable for the masses. This applies even more to bitcoin mining 2017 than in past years.
Many wonder, who accepts Bitcoin? This question gets asked in various ways, what are stores that accept bitcoin, what are websites that accept bitcoins, what are some retailers that accept bitcoin, what are some places that accept bitcoin and where can I spend bitcoin.
More and more companies are beginning to see the value of accepting cryptocurrencies as a valid payment option. Some major companies that do are DISH network, Microsoft, Expedia, Shopify stores, Newegg, Payza, 2Pay4You, and others.Two major holdouts at this time are Walmart and Amazon.
Ethereum is the strongest rival to Bitcoin in the cryptocurrency market and many wonder at the question of Bitcoin vs Ethereum. Ethereum was created in mid-2015 and has gained some popularity but still ranks far behind Bitcoin in usage, acceptance and value.
A question that often comes up often relates to Bitcoin scam. This author has a friend who made a purchase from a company that promised 1-2% growth per day. The company website listed no contact information and after a couple months the website simply vanished one day and my friend lost all the money he had invested which was several thousand dollars.
One has to know how to buy Bitcoins, how to purchase Bitcoin or how to buy Bitcoin with credit card in order to get started. Coinbase is a very popular site to do this. Their fee is 3.75% and the buying limit is $10,000 per day. This would probably be the easiest way to buy bitcoins.
Others would like to buy Bitcoin with debit card. Coinbase also provides this service and has clear step by step instructions on how to proceed with either your debit or credit card.
There are those who would like to buy Bitcoin instantly. This can be done at Paxful, Inc. and can be done through W. Union or any credit/debit card.
Other common questions that come up are what is the best way to buy Bitcoins, the best way to get bitcoins or where to buy bitcoins online. The easiest way is probably to purchase it through a digital asset exchange like the previously mentioned Coinbase. Opening an account with them is painless and once you link your bank account with them you can buy and sell Bitcoin quite easily. This is quite likely also the best place to buy Bitcoins.
One must know what a Bitcoin wallet is and how to use it. It is simply the Bitcoin equivalent of a bank account. It allows you to receive Bitcoins, store them and send them to others. What it does is store a collection of Bitcoin privacy keys. Typically it is encrypted with a password or otherwise protected from unauthorized access.
There are several types of digital wallets to choose from. A web wallet allows you to send, receive and store Bitcoin though your web browser. Another type is a desktop wallet and here the wallet software is stored directly on your computer. There are also mobile wallets which are designed for use by a mobile device.
A question that occasionally comes up is that of Bitcoin stock or how to buy Bitcoin stock. By far the most common way to proceed in this area is to buy Bitcoin directly and not its stock.
There is one entity called Bitcoin Investment trust which is an investment fund that is designed to track the market flow of Bitcoin. Some analysts however are calling this a risky way to become involved in this marketplace.
The Bitcoin exchange rate USD is a closely watched benchmark both on a daily basis and long term over the last 8 years since its introduction to the world's financial marketplace. A popular company to receive the most current rate in Bitcoin valuation is XE. They show Bitcoin to USD valuation and also the complete Bitcoin price chart, the Bitcoin value chart and the Bitcoin to USD chart. If you ask, "How much is one Bitcoin?" you will always know from their continuously updated charts.
Similar questions that come up in this area relate to the bitcoin rate history, the bitcoin price chart live, the bitcoin to dollar exchange rate, the bitcoin dollar chart and the bitcoin 5 year chart. The previously mentioned website, xe, is also a good source for answers to these questions.
Regarding Bitcoin cash, ie. to get USD from selling Bitcoin, Bitwol is one company that enables you to do this. WikiHow is another company that will take you through this process.
submitted by shomesrobery to BestBitcoinCasinosa [link] [comments]

Lines of Navigation | Monthly Portfolio Update - July 202

Our little systems have their day;
They have their day and cease to be
- Tennyson, In Memoriam A.H.H.
This is my forty-fourth portfolio update. I complete this update monthly to check my progress against my goal.
Portfolio goal
My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).
This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.
Portfolio summary
Total portfolio value: $1 800 119 (+$34 376 or 1.9%)
Asset allocation
Presented visually, below is a high-level view of the current asset allocation of the portfolio.
[Chart]
Comments
The portfolio has substantially increased this month, continuing the recovery in portfolio value since March.
The strong portfolio growth of over $34 000, or 1.9 per cent, returns the value of the portfolio close to that achieved at the end of February this year.
[Chart]
This month there was minimal movement in the value of Australian and global equity holdings, There was, however, a significant lift of around 6 per cent in the value of gold exchange traded fund units, as well as a rise in the value of Bitcoin holdings.
These movements have pushed the value of gold holdings to their highest level so far on the entire journey. Their total value has approximately doubled since the original major purchases across 2009 to 2015.
For most of the past year gold has functioned as a portfolio stabiliser, having a negative correlation to movements in Australian equities (of around -0.3 to -0.4). As low and negative bond rates spread across the world, however, the opportunity cost of holding gold is reduced, and its potential diversification benefits loom larger.
The fixed income holdings of the portfolio also continued to fall beneath the target allocation, making this question of what represents a defensive (or negatively correlated to equity) asset far from academic.
This steady fall is a function of the slow maturing of Ratesetter loans, which were largely made between 2015 and 2017. Ratesetter has recently advised of important changes to its market operation, and placed a fixed maximum cap on new loan rates. By replacing market set rates with maximum rates, the peer-to-peer lending platform appears to be shifting to more of a 'intermediated' role in which higher past returns (of around 8 to 9 per cent) will now no longer be possible.
[Chart]
The expanding value of gold and Bitcoin holdings since January last year have actually had the practical effect of driving new investments into equities, since effectively for each dollar of appreciation, for example, my target allocation to equities rises by seven dollars.
Consistent with this, investments this month have been in the Vanguard international shares exchange-traded fund (VGS) using Selfwealth. This has been directed to bring my actual asset allocation more closely in line with the target split between Australian and global shares.
Fathoming out: franking credits and portfolio distributions
Earlier last month I released a summary of portfolio income over the past half year. This, like all before it, noted that the summary was prepared on a purely 'cash' basis, reflecting dividends actually paid into a bank account, and excluding consideration of franking credits.
Franking credits are credits for company tax paid at the company level, which can be passed to individual shareholders, reducing their personal tax liability. They are not cash, but for a personal investor with tax liabilities they can have equivalent value. This means that comparing equity returns to other investments without factoring these credits can produce a distorted picture of an investor's final after-tax return.
In past portfolio summaries I have noted an estimate for franking credits in footnotes, but updating the value for this recently resulted in a curiosity about the overall significance of this neglected element of my equity returns.
This neglect resulted from my perception earlier in the journey that they represented a marginal and abstract factor, which could effectively be assumed away for the sake of simplicity in reporting.
This is not a wholly unfair view, in the sense that income physically received and able to be spent is something definably different in kind than a notional 'pre-payment' credit for future tax costs. Yet, as the saying goes, because the prospect of personal tax is as certain as extinction from this world, in some senses a credit of this kind can be as valuable as a cash distribution.
Restoring the record: trends and drivers of franking credits
To collect a more accurate picture of the trends and drivers of franking credits I relied on a few sources - tax statements, records and the automatic franking credit estimates that the portfolio tracking site Sharesight generates.
The chart below sets out both the level and major different sources of franking credits received over the past eleven years.
[Chart]
From this chart some observations can be made.
The key reason for the rapid growth over the recent decade has been the increased investment holdings in Australian equities. As part of the deliberate rebalancing towards Australian shares across the past two years, these holdings have expanded.
The chart below sets out the total value of Australian shares held over the comparable period.
[Chart]
As an example, at the beginning of this record Australian equities valued at around $276 000 were held. Three years later, the holding were nearly three times larger.
The phase of consistently increasing the Australian equities holding to meet its allocated weighting is largely complete. This means that the period of rapid growth seen in the past few years is unlikely to repeat. Rather, growth will revert to be in proportion to total portfolio growth.
Close to cross-over: the credit card records
One of the most powerful initial motivators to reach financial independence was the concept of the 'cross over' point in Vicki Robins and Joe Dominguez's Your Money or Your Life. This was the point at which monthly expenses are exceeded by investment income.
One of the metrics I have traced is this 'cross-over' point in relation to recorded credit card expenses. And this point is now close indeed.
Expenditures on the credit card have continued their downward trajectory across the past month. The three year rolling average of monthly credit card spending remains at its lowest point over the period of the journey. Distributions on the same basis now meet over 99 per cent of card expenses - with the gap now the equivalent of less than $50 per month.
[Chart]
The period since April of the achievement of a notional and contingent form of financial independence has continued.
The below chart illustrates this temporary state, setting out the the extent to which to which portfolio distributions (red) cover estimated total expenses (green), measured month to month.
[Chart]
An alternative way to view the same data is to examine the degree to which total expenses (i.e. fixed payments not made on credit card added to monthly credit card expenses) are met by distributions received.
An updated version of this is seen in the chart below.
[Chart]
Interestingly, on a trend basis, this currently identifies a 'crossing over' point of trend distributions fully meeting total expenditure from around November 2019. This is not conclusive, however, as the trend curve is sensitive to the unusual COVID-19 related observations of the first half of this year, and could easily shift further downward if normal expense patterns resume.
One issue this analysis raises is what to do with the 'credit card purchases' measure reported below. This measure is designed to provide a stylised benchmark of how close the current portfolio is to a target of generating the income required to meet an annual average credit card expenditure of $71 000.
The problem with this is that continued falling credit card spending means that average credit card spending is lower than that benchmark for all time horizons - measured as three and four year averages, or in fact taken as a whole since 2013. So the set benchmark may, if anything, be understating actual progress compared the graphs and data above by not reflecting changing spending levels.
In the past I have addressed this trend by reducing the benchmark. Over coming months, or perhaps at the end of the year, I will need to revisit both the meaning, and method, of setting this measure.
Progress
Progress against the objective, and the additional measures I have reached is set out below.
Measure Portfolio All Assets
Portfolio objective – $2 180 000 (or $87 000 pa) 82.6% 111.5%
Credit card purchases – $71 000 pa 100.7% 136.0%
Total expenses – $89 000 pa 80.7% 109.0%
Summary
One of the most challenging aspects of closing in on a fixed numerical target for financial independence with risk assets still in place is that the updrafts and downdrafts of market movements can push the goal further away, or surprisingly close.
There have been long period of the journey where the total value of portfolio has barely grown, despite regular investments being made. As an example, the portfolio ended 2018 lower than it started the year. The past six months have been another such period. This can create a sense of treading water.
Yet amidst the economic devastation affecting real lives and businesses, this is an extremely fortunate position to be in. Australia and the globe are set to experience an economic contraction far more severe than the Global Financial Crisis, with a lesser capacity than previously for interest rates to cushion the impact. Despite similar measures being adopted by governments to address the downturn, it is not clear whether these are fit for purpose.
Asset allocation in this environment - of being almost suspended between two realities - is a difficult problem. The history of markets can tell us that just when assets seem most 'broken', they can produce outsized returns. Yet the problem remains that far from being surrounded by broken markets, the proliferation appears to be in bubble-like conditions.
This recent podcast discussion with the founder of Grant's Interest Rate Observer provided a useful historical context to current financial conditions this month. One of the themes of the conversation was 'thinking the unthinkable', such as a return of inflation. Similar, this Hoover Institute video discussion, with a 'Back from the future' premise, provides some entertaining, informed and insightful views on the surprising and contingent nature of what we know to be true.
Some of our little systems may well have had their day, but what could replace them remains obscured to any observer.
The post, links and full charts can be seen here.
submitted by thefiexpl to fiaustralia [link] [comments]

One Year Update: 38M FIREd

Well, February 22nd makes it one whole year. I think that's deserving of a top level post, right?
Here are screenshots of the Mint Trends, which has every single expense from the past year categorized. I've added comments on each page.
Expenses Overview
Auto Expenses
Food Expenses
Home Expenses
Utility Expenses
Tax Expenses
Healthcare Expenses
Entertainment Expenses
Main takeaways, my total expenses for the year was $37,700, but I'm going to dismiss about $15,000 of that as "one time" expenses from paying off my car and my furniture loan. A more reasonable number for my annual spend is $22,700.
With my car payment gone, my highest expense category is Food, averaging $500 per month. This has room for improvement.
Healthcare will look artificially low last year because of taking Tax Credits up front. This year I am not and will be paying $325 per month for health insurance. At ~$4000 per year, this puts healthcare at nearly 20% of my total expenses.
Nothing else is particularly interesting. That $22,700 figure is a reasonable real-world number for me, but for future planning I'd still inflate that to $25,000 just to have more wiggle room. I may look into traveling this year, which would add some expense.
Investments:
Vanguard Investments: (All in VTSAX)
Other LTCG holdings: $145,000 -> $291,000 (other investment accounts and bitcoin)
HSA Investment Account: $6000 -> $7400, with another $1700 in the "cash" holdings of the HSA.
$9000 cash in Money Market & Checking Account.
Finances Going Forward
I had earned income last year so I didn't start my Roth Conversion Ladder last year. This year I decided I will be converting the $12,400 standard deduction + $9600 of the first tax bracket for a nice round $22,000 converted. Yes I'll owe a little bit of taxes, but it sets up my Roth with $22k in 5 years which should cover the majority of my expenses. And with $350k currently in tIRA and converting $22,000 per year, I won't be able to chew through it all before actual retirement age.
I have about $20k from an old stock purchase plan that unlocks come April, which I will be selling and likely moving over to my money market account to shore up my "cash" holdings.
My plan is to not really tap any of my "normal" investment accounts for as long as possible. I've been deferring to selling Bitcoin if I need to move some cash over. Last year I sold 3 bitcoin, one for $9300 in June, and then two at the end of December (for tax year Capital Gains reasons) for $7300 each. These were all LTCG at 0% taxed. AGI for last year is around $35,000.
The Living Part:
There's all the boring expenses and financial stuff. Now for the ever painful question that my beloved Grandmother loves to ask, "But gosh, what do you do with all of your time! I can't imagine being retired at your age!"
Step 1, restful sleep. During my working career I lived off 6 hours of sleep every day. It made for exhausting weekends trying to "make it up." And luckily I'm not a generally stressful person or else it'd have been worse. But now I go to bed when I'm tired, and whenever I naturally wake up, I get up. This can lead to VERY weird hours since I'm often an extreme night owl. But I generally get 9-10 perfect restful uninterrupted dream-filled hours of sleep.
I'm betrayed by my "Food Expense" breakdown, but I really am cooking more and eating better. I drink a lot of coffee and water at home and generally try to eat only one meal per day, but sometimes lunch and dinner. I don't normally eat breakfast, just have coffee when I wake up. And did I mention how much less painful it is to go grocery shopping when it's in the middle of the day and everyone's at work. It's so nice.
I spend a lot of time on reddit browsing my front page, and I check out the YouTubers I follow that post daily, then check out any of the irregular posters. Depending on how much good stuff there is, this could go on for a few hours.
I have a lot of hours playing video games. I tend toward puzzle games or building games (Factorio, Satisfactory) because they scratch that itch in my engineering brain. There are times at night where I'll spend hours on this website: https://www.puzzle-sudoku.com/ and play Sudoku or Nonograms or any of the other puzzle types on the bottom of the page.
I'm doing my best to watch every single last show on Netflix. It's a daunting task, though it's surprising how often I drift back toward watching the same smattering of Star Trek: The Next Generation episodes rather than try something new. But I try and take recommendations and work my way through shows.
And Podcasts! The joy of joys is when I come across a new-to-me podcast that has a huge backlog. I found a great ST:TNG rewatch podcast that had 108 episodes already done. I spent like 2 months watching the episode of TNG then immediately listening to their podcast about that episode, repeat repeat repeat. I'm currently working my way through The Adventure Zone, I'm on episode 46 of 155 with them. And they keep advertising the other podcasts The McElroys do so I'm sure I'll roll into one of those next. For many people podcasts are background noise, but I'll often just sit on the couch and concentrate on just listening the podcast.
Outside of home, I can't wait for the weather to get nicer so I can go on more walks. Being a night owl I like going for walks at night. I live near our city center so I'm within blocks of city hall, the main library branch, and the fountain / park.
I jump at any opportunity to hang out with friends. It's just about every weekend that we are getting together to hang out and play board games. Like I mentioned in one of the breakdowns, I've started to play D&D with my buddy and his wife. I'd never played before but he's been DMing for years (but hasn't had a group for 10+ years now). He's glad to be playing again, his wife loves it, and it's super convenient for them to stay home with the 5 month old daughter. (And baby gets to hang out with Uncle Oracle.)
I get together with former co-workers every few months to keep in touch with them. One in particular I have a standing every-2-month bar date with. I remind them every so often that if they want to go out to lunch ever to just call me.
Personal History
Just a quick personal history in closing. I was an automotive engineer working for OEMs and Tier 1 suppliers in the Metro Detroit area. In the 2008 downturn I lost my job and was unemployed for 2 years and ended up getting my house foreclosed in 2010. By the time i got a job in March of 2010 I was basically at $0. I had a tiny amount in an 401k, had about $20,000 in credit card debt from being unemployed.
But then I got a very well paying engineering job ($108k annual and eligible for time-and-half overtime). I kept living like I was unemployed, spent as little as possible and saved as much as possible. Through my parents I secured a mortgage on a nice 1 Bed / 1 Bath 900 sq ft condo. I paid off my CC debt in less than a year and kept banking cash and maxing my 401k every year.
I heard about bitcoin in early 2013 (from a guildmate in World of Warcraft, believe it or not) and jumped on board. All time bitcoin price chart (log scale) for those unfamiliar with the history. I got in before the first spike to $1000 in December of 2013, and kept buying throughout the downswing in 2014 / 2015. In 2017 I sold 5.6 BTC for a total of $6000 and paid off the last of my student loans and my car, then a few months later I sold 4.25 BTC for $6700 and paid off the last of my condo mortgage. So in May of 2017 I was officially debt free and had a net worth of about $200,000.
Then in the fall of 2017 was when bitcoin exploded. I knew I had to take profits here. Every time the price went up 10% I sold another bitcoin. $7500, $9000, $10700, $13000, $15500, $18600. I sold all the way up. I ended up selling about $100,000 in bitcoin that year and I pushed most of it into my Roth IRA and Brokerage accounts.
Then I really started thinking about FIRE in early 2018. Started doing the math, tried to see what my expenses would be, and thought I'd give it ago. I've told myself from day 1 that I'd give this trial a solid 2 years. If I don't feel good about it, or the money doesn't seem right, then I'll still only be 40 years old and could (IMO) easily jump right back into an engineering gig. So I targeted early 2019 so I could frontload my 401k for two months, grab the annual bonus, then peace out.
TL:DR: 38, FIREd, Money's looking right, Life is feeling right, everything is fine
submitted by Oracle_of_FIRE to financialindependence [link] [comments]

Everything you need to know about technical analysis in crypto trading

Everything you need to know about technical analysis in crypto trading
Hello, community! 👋🏻 In this post, we will tell you about technical analysis.
📊 There are three main schools for analyzing cryptocurrencies or any other asset. These are fundamental analysis, technical analysis and sentiment analysis. Technical analysis is the main method in crypto trading.
📈 Technical analysis (or TA for short) is the art of predicting price movement through the study of charts that show how an asset has traded in the past. You need to find and compare patterns that have been encountered earlier. It is assumed that past models are highly likely to work in the future.
The number of methods used by technical analysis is very large. But they are broken down into several fairly specific classes:
🔹 Levels and lines of resistance and support
🔹 Technical Indicators
🔹 Figures (patterns) on large areas of the chart
🔹 "Candlestick analysis" - patterns on Japanese candlesticks or bars in short areas
🔹 Trade statistics - volumes, order books, etc.
TA was originally developed for markets where trading has a long history and a large amount of data. TA outperforms analysis based on business fundamentals, according to an extensive 2015 study by three Israeli researchers.
Many traders say that TA is even more important in cryptocurrencies, as no one can yet confidently determine the fundamental value of Bitcoin, which was launched just 11 years ago. Is it a hedge against inflation, a digital form of gold? The future of money? It can be all of the above.
⚙️ Technical analysis is a key part of an asset management strategy, and it works well when combined with news analysis to identify likely move patterns and up / down limits. Since cryptocurrencies are highly volatile and speculative, technical analysis provides key indicators of price movement, especially support and resistance.
✅ With the help of technical analysis, it is good to predict where the price will move next. Take advantage of the BITLEVEX platform to build your crypto capital.
✅ BITLEVEX is a secure and reliable trading platform that gives you the opportunity to earn big. You can make up to 500% profit within 24 hours! And there are no deposit and withdrawal fees!
🔥 Hurry up and register now: https://bitlevex.com
https://preview.redd.it/fnivq596mpo51.png?width=1920&format=png&auto=webp&s=350b387236f5e9d033f4f5518bd4936d80cfd5ed
submitted by VS_community to BITLEVEX [link] [comments]

Bittrex Review: One of the First Crypto Exchanges| Final Part

Bittrex Review: One of the First Crypto Exchanges| Final Part

4. Transaction Fees

Transferring funds across the blockchain and withdrawing them from Bittrex costs a fee for customers, with the rate unique for every coin.
Bittrex Global charges no commission for deposits. Please keep in mind that some tokens or cash may be required to perform a transaction by a crypto coin or token’s community. Bittrex crypto exchange can’t keep away from it.
Every token or coin has a blockchain transaction fee that is built in it, and the Bittrex fee is a small amount to cover this charge. You can view the fee percentage for every coin or token by clicking Withdrawal near to the coin. There you will see a transaction fee you will be charged for withdrawing a specific coin or token.
In the example below, the withdrawal fee amounts to 1 USDT
https://preview.redd.it/209uz2p64zh51.jpg?width=974&format=pjpg&auto=webp&s=9ee9355c4d75d41931a3073b8a230bd1ffddaf08
The transaction fee for Bitcoin came to 0.00050000 BTC
https://preview.redd.it/vh7zbe884zh51.jpg?width=974&format=pjpg&auto=webp&s=e6293650b46a7e0ba661478bd2467471b8b213f9

5. Trading Fees

The fee schedule below provides the applicable rate based on the account's 30-Day Volume and if the order is a maker or taker.
Bittrex Global Fee30 Day Volume (USD)MakerTaker$0k - $50k0.2%0.2%$50k - $1M0.12%0.18%$1M - $10M0.05%0.15%$10M - $60M0.02%0.1%$60M+0%0.08%>$100MContact TAM representative
Trading expenses are incurred when an order is prepared by means of the Bittrex worldwide matching engine. While an order is being executed, the purchaser and the vendor are charged a rate primarily based on the order’s amount. The fee charged by Bittrex exchange is calculated by the formula amount * buy rate * fee. There aren't any charges for placing an order which is not being executed so far. Any portion of an unfinished order will be refunded completely upon order cancelation.
Prices vary depending on the currency pair, monthly trade volume, and whether the order is a maker or taker. Bittrex reserves the right to alternate fee quotes at any time, including offering various discounts and incentive packages.

Monthly Volume

Your buying and selling volume affects the fee you pay for every order. Our expenses are built to encourage customers who ensure liquidity in the Bittrex crypto exchange markets. Your buying and selling charges are reduced according to your trade volume for the last 30 years in dollars.
Bittrex calculates the 30-day value every day, updating every account's volume calculation and buying and selling charge between of 12:30 AM UTC and 01:30 AM UTC every day.
You can check your monthly trade volume by logging in and opening Account > My Activity.
https://preview.redd.it/n1djh2ob4zh51.jpg?width=974&format=pjpg&auto=webp&s=2eebb9c9ac63de207c4dd2e49bc45aeb53a8dec8

6. Withdrawing Funds

Withdrawing any type of funds is likewise simple. You can profit by buying and selling Bitcoin, Ether, or any other cryptocurrency.
You determine the crypto address—to which the amount will be credited—and the transaction amount. The withdrawal fee will be automatically calculated and shown right away.
After confirming the transaction, the finances will be sent to the specified addresses and all that you need to do is to wait for the community to confirm the transaction.
If the 2FA is enabled, then the user receives a special code (via SMS or application) to confirm the withdrawal.

7. How to Trade on Bittrex Global

Currency selling and buying transactions are performed using the Sell and Buy buttons, accordingly.
To begin with, the dealer selects a currency pair and sees a graph of the rate dynamics and different values for the pair.
Below the chart, there is a section with orders where the user can buy or sell a virtual asset.
To create an order, you just need to specify the order type, price, and quantity. And do not forget about the 0.25% trade fee whatever the quantity.
For optimum profit, stay with liquid assets as they can be quickly sold at a near-market rate effective at the time of the transaction. Bittrex offers no referral program; so buying and selling crypto is the easiest way to earn.
https://preview.redd.it/hopm6fih4zh51.jpg?width=1302&format=pjpg&auto=webp&s=68c0aaae86f64c3e6b9d351c3df2a9c331f94038

Order Types

Bittrex helps you alternate Limit and Stop-Limit orders.
A limit order or a simple limit order is performed when the asset fee reaches—or even exceeds—the price the trader seeks. To execute such an order, it is required that there's a counter market order on the platform that has the identical fee as the limit order.

Differences between Limit Order and Stop Limit Order

A stop limit order is a mixture of a stop limit order and a limit order. In such an application, charges are indicated—a stop charge and the limit.

Stop Limit Order Purpose

https://preview.redd.it/hlxvy9ti4zh51.jpg?width=1141&format=pjpg&auto=webp&s=064a77459a4dcb4555a885cbc56629aae10fc38b

Trade Terminal

Let’s discuss how you could trade conveniently with our service.
The key features include a user-friendly interface and precise currency pair statistics (timeframe graphs, network data, trade volumes, and so forth).
The platform’s top-notch advantage is handy, easy-to-analyze, customizable charts. There is also a column for quick switching between currency pairs and an order panel beneath the fee chart. Such an all-encompassing visual solution helps compare orders efficiently and in one place.
You can use the terminal in a day or night mode; when in the night mode, the icon in the upper-right corner changes and notice the Bittrex trading terminal in night mode is displayed. The main menu consists of 4 sections: Markets, Orders, Wallets, Settings.
Markets are the trade section. Bittrex allows handling over 270 currency pairs.
Orders. To see all open orders, go to OrdersOpen.
To see completed orders, go to OrdersCompleted.
Wallets. The Wallets tab displays many wallets for all cryptocurrencies supported by the exchange and the current balance of each of them.
After refilling the balance or creating a buy or sale order, you will see all actions in the section. Bittrex allows creating a separate wallet for every coin. Additionally, you can see how the coin price has changed, in terms of percentage, throughout the day.
Here’s what you can also do with your wallets:
  • Hide zero balances: hide currencies with zero balance
  • Green and red arrows: replenish balance/withdraw funds
  • Find: search for a cryptocurrency
The Settings section helps manage your account, verification, 2FA, password modification, API connection, and many more.

How to Sell

The process of selling crypto assets follows the same algorithm. The only difference is that after choosing the exchange direction, you need to initiate a Sell order. All the rest is similar: you select the order type, specify the quantity and price, and click Sell *Currency Name* (Sell Bitcoin in our case).
If you scroll the screen, the entire history of trades and orders will be displayed below.

LONG and SHORT

You can make a long deal or a short deal. Your choice depends on whether you expect an asset to fall or rise in price.
Long positions are a classic trading method. It concerns purchasing an asset to profit when its value increases. Long positions are carried out through any brokers and do not require a margin account. In this case, the trader’s account must have enough funds to cover the transaction.
Losses in a long position are considered to be limited; no matter when the trade starts, the price will not fall below zero with all possible errors. Short positions, in contrast, are used to profit from a falling market. A trader buys a financial instrument from a broker and sells it. After the price reaches the target level, the trader buys back the assets or buys them to pay off the initial debt to the broker.
A short position yields profit if the price falls, and it is considered unprofitable the price matches the asset value. Performing a short order requires a margin account as a trader borrows valuable assets from a broker to complete a transaction. Long transactions help gain from market growth; short from a market decline.

Trade via API

Bittrex also supports algorithmic trading through extensive APIs (application programming interface), which allows you to automate the trading process using third-party services.
To create an API key, the user must enable the two-factor authentication 2FA, verify their account, and log in to the site within 3 minutes.
If all the requirements of the system are fulfilled, you can proceed to generate the API key. Log in to your Bittrex account, click Settings. Find API Keys. Click Add new key (Create a new key).
Toggle on / off settings for READ INFO, TRADE, or WITHDRAW, depending on what functionality you want to use for our API key.
Click Save and enter the 2FA code from the authenticator → Confirm.
The secret key will be displayed only once and will disappear after the page is refreshed. Make sure you saved it!
To delete an API key, click X in the right corner for the key that you want to delete, then click Save, enter the 2FA code from the authenticator and click Confirm.

Bittrex Bot, a Trader’s Assistant

Robotized programs that appeared sometimes after the appearance of cryptocurrency exchanges save users from monotonous work and allow automating the trading process.
Bots for trading digital money work like all the other bots: they perform mechanical trading according to the preset parameters.
Currently, one of Bittrex’s most popular trading bots is Bittrex Flash Crash Buyer Bot that helps traders profit from altcoin volatility without missing the right moment.
The program monitors all the market changes in the market every second; also, it even can place an order in advance. The Bittrex bot can handle a stop loss—to sell a certain amount of currency when the rate changes in a favorable direction and reaches a certain level.

8. Secure Platform

Bittrex Global employs the most reliable and effective security technologies available. There are many cases of theft, fraud. It is no coincidence that the currency is compared to the Wild West, especially if we compare the 1800s when cowboys rushed to the West Coast of America to earn and start something new in a place that had no rules.
Cryptocurrency is still wild. One can earn and lose money fast. But Bittrex has a substantial security policy thanks to the team’s huge experience in security and development for companies such as Microsoft, Amazon, Qualys, and Blackberry.
The system employs an elastic, multi-stage holding strategy to ensure that the majority of funds are kept in cold storage for extra safety.
Bittrex Global also enables the two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection.
Bittrex cold wallet: https://bitinfocharts.com/en/bitcoin/address/385cR5DM96n1HvBDMzLHPYcw89fZAXULJP

How to Pass IP Verification

To ensure higher security of your Bittrex Global account, the system requires all users to approve each new IP address through an email confirmation. This IP verification procedure is required every time you attempt to log in from a new IP Address.
Confirming your IP address.
https://preview.redd.it/rnl730z75zh51.jpg?width=971&format=pjpg&auto=webp&s=bd13fba0a844ab01cadc40003f5ea5de7439cbf9
The new IP address must be confirmed from the device that you are using to access Bittrex Global. This means that you must follow the CLICK HERE TO LOGIN link in an email on the device that you want to use to access your account.
https://preview.redd.it/tq9eje795zh51.jpg?width=607&format=pjpg&auto=webp&s=160b2ebfd1b9e0a287d4d2b99017dd45518ef2f7
To ensure even more security, Bittrex Global supports whitelisting of IP addresses and Crypto addresses. These two features can help protect the account in the event of credentials or API key loss.

How to Add IP Address to Whitelist

By setting one or more whitelisted addresses, you are telling Bittrex Global to only authorize trades or withdrawals from those IPs. This concerns both the global.bittrex.com web interface and API-based trades or withdrawals. To do this, click IP Whitelist in Site Settings.
https://preview.redd.it/m2klahja5zh51.jpg?width=971&format=pjpg&auto=webp&s=7cfb941ecb5284973baed1a2b0301459e36a0ab6

How to Add Crypto Address to Whitelist

By setting a withdrawal address, you are telling Bittrex Global to authorize withdrawals only to that address.
This concerns both the global.bittrex.com web interface and API based withdrawals.
Note that when opting into this feature, you need to specify a withdrawal address would like to withdraw funds from for every currency. To do this, click Withdrawal Whitelist in the Site Settings section. The example below shows a BTC address.
https://preview.redd.it/yrror8zd5zh51.jpg?width=974&format=pjpg&auto=webp&s=179dd7da9f6e59d3fca628cbfcd2c3962562f911

Afterword

Bittrex Global is a reliable and advanced platform for trading digital assets with a respected reputation, long history, and active market presence and development nowadays. The exchange is eligible to be used globally, including the US and its territories.
The legal component of Bittrex Global is one of the most legitimate among numerous crypto-asset exchanges.
The Bittrex team has had great ambitions and managed to deliver promises and more. The exchange staff comprises forward-thinking and exceptional individuals whose success is recognized in the traditional business and blockchain sector.
Bittrex's purpose is to be the driving force in the blockchain revolution, expanding the application, importance, and accessibility of this game-changing technology worldwide.
The exchange fosters new and innovative blockchain and related projects that could potentially change the way money and assets are managed globally.
Alongside innovation, safety will always be the main priority of the company. The platform utilizes the most reliable and effective practices and available technologies to protect user accounts. Bittrex customers have always primarily been those who appreciate the highest degree of security.
Because of the way the Bittrex trading platform is designed, it can easily scale to always provide instant order execution for any number of new customers.
Bittrex supports algorithmic trading and empowers its customers with extensive APIs for more automated and profitable trading.
One of the common features which is not available on the exchange is margin trading. No leverage used however adds up to the exchange's stability and prevents fast money seekers and risky traders from entering the exchange.
Bittrex is a force of the blockchain revolution and an important entity of the emerging sector.
The full version
First part
Second part
submitted by mPrestige to revain_org [link] [comments]

SHOCKING BITCOIN CHART NOBODY IS WATCHING RIGHT NOW ... Bitcoin Has Repeated This Pattern SEVEN Times This Year THIS CHART CALLS FOR $100,000 BITCOIN IN EXACTLY ONE YEAR ... Bitcoin Live - Chart 24/7 HUGE BITCOIN PATTERN  $24k BTC TARGET  1 YEAR IN THE MAKING!

Bitcoin Price Charts and History. Check Bitcoin's Current Price, Market Cap, Available Supply, and Total Supply. View Bitcoin's Current Ranking Among Other Cryptocurrencies. View Percentage Change From 1 Hour, 24 Hours, to 7 Days for Bitcoin. View Bitcoin's Price Chart and Historical Data From 7 Days, 1 Month, 3 Months, 6 Months, 1 Year, or All ... Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.” Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use. Bitcoin; Markets; Charts; About. Oct 25, 2020 22:34:44 (UTC) Advertise on Bitcoincharts. Pricechart; Volume comparison ; Symbol. Time Period. Custom Time — < day > Chart Type. Price Band. Moving Averages. Technical Indicators large indicators. Options Show Volume Bars Volume in Currency Parabolic SAR Log Scale Percentage Scale. Link to this chart · Larger chart. This chart is licensed under ... Bitcoin stock price is down by (-0.69%) today. $24,266,300,000 USD worth of Bitcoin (BTC) has been traded in the past 24 hours. You can follow Bitcoin (BTC)'s progress by adding it to your favourites and creating a free portfolio if you wish. You can view live price chart, candelstick chart and historical price chart. To celebrate Bitcoin's 10 year anniversary, long-time Bitcoin advocate and successful investor Trace Mayer proposed that the community start an annual tradition of a crypto bank run on exchanges – to be known as Proof-of-Keys. The idea was to get as many cryptocurrency users and investors to withdraw all funds from wallets that they did not hold the private key to. The tradition, according ...

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SHOCKING BITCOIN CHART NOBODY IS WATCHING RIGHT NOW ...

Where could bitcoin be heading in one year by 2020? Is Bitcoin's target ultimately 100K if the bull market continues... or is it 2K if it falls into a bear market? We examine the facts and charts ... This video is unavailable. Watch Queue Queue. Watch Queue Queue BITCOIN ON THE ONE WEEK CHART!! WILL HISTORY REPEAT ITSELF?? Not Financial Advice! Entertainment only!! Romans 10:13. Bitcoin Live Btc Price Chart Liquidation Watch Bull vs Bear Pump or Dump Bitcoin Currency Bitcoin is a cryptocurrency. It is a decentralized digital curr... $100,000 Bitcoin in next bull run (2019/2020). Market Analysis, Historical Bitcoin Cycles, (Part 2) - Duration: 8:16. Colin Talks Crypto Recommended for you

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