Opportunities on this scale only seem to come about when the world is going through mass technological change. Yes, i’m likening bitcoin to the dot-com era and the thousands who made bank because they chose to become early adopters of the technology. They saw opportunity and took a risk which paid off immensely once the rest of the world got over their prejudice and realised the value.
A cryptocurrency that aspires to become part of the mainstream financial system may have to satisfy widely divergent criteria. It would need to be mathematically complex (to avoid fraud and hacker attacks) but easy for consumers to understand; decentralized but with adequate consumer safeguards and protection; and preserve user anonymity without being a conduit for tax evasion, money laundering and other nefarious activities. Since these are formidable criteria to satisfy, is it possible that the most popular cryptocurrency in a few years’ time could have attributes that fall in between heavily-regulated fiat currencies and today’s cryptocurrencies? While that possibility looks remote, there is little doubt that as the leading cryptocurrency at present, Bitcoin’s success (or lack thereof) in dealing with the challenges it faces may determine the fortunes of other cryptocurrencies in the years ahead.
The inspiration behind Distributed Global dates back to 2013 when my thesis shifted around how this space would impact the world and where value would ultimately be captured, in digital assets not traditional equity in private companies. This catalyzed a partnership with fellow enthusiast and investor, Tucker Waterman and together we launched one of the first digital-asset funds, Focus Investments, with a thesis on capturing value by investing in the greatest digital asset backed protocols. We believed then and continue to believe today that most industries will inevitably be disrupted by distributed ledger technologies and decentralized digital-asset backed protocols.
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For those who can remember back to the 90s, when the internet first started there was also no shortage of scams, fake professional looking e-commerce sites were popping up all over the place ready to take your credit card payment only never to deliver the product. If you were lucky, that would be the end of it. Otherwise, the less fortunate would have to chase down additional charges placed by the scammer once they had your credit card details.
I wrote about this on my blog. The market is only nine years old, and thus, the Crypto asset class is extremely new, and while these assets have been traded for a few years now, market conditions are continually changing. Unlike the stock market, we do not have decades of trading data to guide us. What worked a year ago might not work today, even things which worked three months ago might not work now. As new investors come into the market and liquidity improves, trading patterns are not always consistent. We must accept that nobody knows that the fuck will happen, and anyone who says so is purely speculating, and as such, it is essential that all ‘expert’ advice is taken with a pinch of salt.
This is just my 0.02$, as always, I can be completely wrong, and I maintain the right to contradict myself in the future. Also, for the record, this article references only my opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice if you want to. And, remember, always do your own research (DYOR).
In the case of less risky users which prefer long-term investment, it is important to build a diversified cryptocurrency portfolio. Fiat investors usually use benchmark indices such as S&P500 and Nasdaq Composite as they allow the opportunity to trade whole sectors easily and manage complicated portfolios in a straightforward investment, thus reducing the risks and volatility of the portfolio.
The shares of each Vehicle are not registered under the Securities Act, the Securities Exchange Act of 1934, the Investment Company Act of 1940, or any state securities laws, and are being offered in private placements pursuant to the exemption from registration provided by Rule 506(c) under Regulation D of the Securities Act. As a result, the shares of each Vehicle are restricted and subject to significant limitations on resales and transfers. Potential investors in any Vehicle should carefully consider the long term nature of an investment in that Vehicle prior to making an investment decision.
Don’t buy in at market prices, though. Even though this is a convenient option, it usually knocks a few percentages off your value. I always set my buy order 3% below the current market price on exchanges. The market price is never the best price you can get at that moment on exchanges such as Binance, Bittrex, Kucoin and Poloniex. It might take a day before your order is filled if you set the limit price 3% below the market price, but in my experience, my orders have always been filled.
Nevertheless, NVIDIA and AMD aren't absolved from downside, either. In fact, you could say the two are stuck in a pervasive cryptocurrency conundrum. As a result of the high demand for GPUs, graphics card prices have shot through the roof. In doing so, it's angered their core gaming customers, who are being forced to pay significant premiums for graphics cards at the moment. These companies could risk alienating their core customer and do nothing or they could create a GPU specific for miners, hurting the growth they've received from miners by increasing supply.
This has been the traditional method of earning bitcoin however, the rise of bitcoin mining farms has made it difficult to compete with for the average person. Not to mention the cost and maintenance of the hardware. Cloud Mining is an alternative that let’s you essentially rent hardware that’s already been setup for mining remotely. Saving you the hassle and setup costs.
The Ides of June saw a regulatory breakthrough that might prove highly consequential for crypto futures in the US, as the SEC Corporation Finance Director William Hinman had shed some light on Ethereum’s status as perceived by the regulator, suggesting that ‘current offers and sales of ether are not securities transactions.’ This statement has energized the industry and prompted Chris Concannon, Cboe’s crypto-savvy president, to speak of futures on ETH as of a settled deal. If Cboe breaks the path with such a product, it’s not difficult to imagine CME catching up quickly, given the firm’s partnership with Crypto Facilities, whose Ethereum derivatives infrastructure is already in place.
In the case of bitcoin, my personal belief is that there is enough to justify the possibility of long term gain based on fundamentals and first mover advantage. If everything goes right, I do see a future in which it’s possible that bitcoin achieves a market cap similar to that of gold’s, given that so far as I can see, it provides all the benefits gold does, and a host of incredibly valuable advantages on top of those existing benefits. I even see a future where it just might be possible that bitcoin goes even further, and becomes a dominant leading global currency. It’s also possible that bitcoin’s blockchain is used to power many future technological innovations, such as smart contracts and even DAOs, and thereby creates and imbues itself with even more value.
NEW YORK, Oct. 25, 2017 /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of the Bitcoin Investment Trust (OTCQX:GBTC) (the "Trust"), announced today that it has requested withdrawal of its Registration Statement on Form S-1 (File No. 333-215627) that was initially filed on January 20, 2017 with the U.S. Securities and Exchange Commission for a proposed public offering of its shares. The Registration Statement has not been declared effective, and no securities have been sold in connection with the offering described in the Registration Statement. Withdrawal of the Registration Statement does not impact quotation of the Trust's shares on the OTCQX.
Traditionally, with a legal contract, two parties agree to certain terms with the understanding that if one party reneges, the other party can seek legal recourse with the governmental justice system. Lawsuits, however, can often be inordinately expensive, and in many cases the outcome is far from certain. A good or bad lawyer can make or break a case, and one is also at the mercy of a judge and/or jury and their subjective, possibly mercurial whims. Not the most efficient or foolproof system.
My suggestion is to carefully select five tokens which work on different technologies like multi-chain, scaling, privacy, storage, and DAG. Learn them and hold them. Follow the projects actively on their social channels, get involved and contribute in any way you can. Collect bounties if they are available to increase your position. This way you are protecting your investment, something you can almost never do with traditional investments.
FunFair (https://www.funfair.io/) is a decentralised gaming platform, and it is advertised as “The world’s fastest Ethereum casino platform.” Thanks to their breakthrough technology, FUN tokens will be used as chips inside the casino. This is the first platform that solves many big challenges other blockchain casinos have. They have a working proof of concept (POC). They are working hard at finishing the development, so we should expect to see a raise in the token’s value once FunFair officially opens.
In all of these cases, however, a value investor first and foremost must decide, with rigorous analysis and thorough examination, what they believe the fair value of an investment to be, and what degree of future potential it has. Only from there do they then examine what value the market has assigned the investment, in order to ascertain whether or not the investment is a wise one likely to yield good returns. Under no circumstances should one ever buy into a stock without knowing much, or anything at all about the stock, save for the general market sentiment or hype surrounding it, and its short term price movements. Buying a stock merely because it has seen great gains in the past, without any understanding of why it saw those gains and what gains it might expect to see in the future based on fundamental analysis of the stock, is an inordinately risky and foundationally bereft strategy.
very interesting arguments on the Visa/Mastercard situation; these two companies profit so strongly from the oligopolistic market structure which gives them annuity returns, high FCF yields thus have become stock market darlings. would be great to get more info whether these companies can be disrupted in what time frame (soon or long patience required). I would not mind very soon disruption...; out of curiosity, in Switzerland, someone wants to bring the land/title register on to the blockchain, a move which I would view very positively. are there any similar moves elsewhere?
Coinbase Pro expands on these basic capabilities. Coinbase Pro offers options to make market orders, limit orders and stop orders, to buy and sell. Instead of trading exclusively from USD to a given crypto, Coinbase Pro allows users to trade between cryptocurrencies (so, selling Ethereum for Bitcoin, for instance), and in different currencies (USD, EUR, GBP). Like Coinbase, the cryptocurrencies available for trading on Coinbase Pro are Bitcoin, Bitcoin Cash, Litecoin and Ether.
NEW YORK, Dec. 4, 2017 /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of the Bitcoin Investment Trust (OTCQX: GBTC) (the "Trust"), today announced on behalf of the Trust that the Trust will resume private placements of shares today. The Trust plans to create shares from time to time in exchange for deposits of Bitcoin. Shares may only be created by certain authorized participants. Pursuant to the terms of the Trust's governing documents, the Sponsor may cause the Trust to cease creations of shares from time to time, including during affiliate sales windows.
In the case of a watermelon, what we intuitively grasp is that there is some fundamental, intrinsic value to the watermelon, and a ‘fair’ price for it. We have a general understanding of what this price should be, and are more than happy to buy watermelons when they are on discount relative to their fair price, and are reticent to do so when they are being sold at a premium to their fair price.
UK-based cryptocurrency trading startup, Crypto Facilities, has become the first crypto platform to launch regulated Ethereum futures contracts, making a new derivatives contract available from 4 pm UK time on the 11th of May. The new Ethereum futures contracts represent another step toward the maturation of the cryptocurrency market as complex financial products such as index funds and crypto ETFs loom on the horizon.
Ideally, you’ll keep the coins yourself on your own hardware device, which is ultra secure. I recommend Trezor.io (as of this writing, they’ve just run out of stock, but are only backordered a few days if you’re willing to pay a premium) for this purpose. Ledger Nano S is also good and cheaper to boot, but I personally haven’t used it and it’s very backordered in sales. I can recommend Trezor 100% wholeheartedly, however.
Most traders use a combination of the two but will tend to give weight towards one over the other. Chris Burniske, author of Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond, covered this recently on Twitter, explaining that it is essential that you understand what kind of strategy is right for you. He shared a link from Investopedia, outlining the difference.
TIP: If the RSI is really high (like 70+ on all time frames), then the asset is considered “overbought” and the rally probably only has so much longer to go before a dip. If the RSI is really low, like 30 or less on all time frames, we are “oversold” by that indicator. There is no actual limit to how high or low the RSI can go, but you can see in the chart above (which shows the RSI on daily candles) that the oversold and overbought states are not the norm and are generally not sustained for long. Simple indicators like this can help you time your trades when timing your trades. Just remember, indicators help you analyze historic data, they can’t predict the future!
This gave birth to a whole new industry of business, companies like Verisign were created to ensure sites asking for your credit card details were in fact who they said they were by creating digital certificates that employed encryption to online shoppers. Eventually, most fraudsters were stomped out. The same thing is happening in the blockchain space right now and with it, a whole new industry is taking shape to change blockchain for the better.
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