Bitcoin By 2020 – TROLLBOX

Bitcoin Price Indicator (Ubuntu) supports MtGox,BTC-E, Bitstamp. (Watch everything without a trollbox)

This might be useful for everyone on Ubuntu seeing the huge price variation. I fixed some kinks by testing in LTC. For BTC it displays (mtgox,btce,bitstamp,blockchain).
You can download it from the github here
Github
Github Download Link
Screencap here
So this is the current easiest way to setup and get icons and everything. (I will fix to add more advanced arrangements)
if you find it useful pennies and change .etc are useful:
BTC : 1ECXwPU9umqtsBAQesBW9981mx6sipPmyL
EDIT: I appreciate the downvotes. Actually make something get downvoted. meh.
submitted by jesse09 to Bitcoin [link] [comments]

Deribit markets added, Z-score, Share themes in chat

Deribit markets added, Z-score, Share themes in chat
Read this on the Cryptowatch Changelog.
Deribit perpetual futures and expiring futures (quarterly) for Bitcoin and Ethereum can now be watched on Cryptowatch.
We’ve added the Z-score analysis tool, available in the Analysis menu on the Charts page. This tool measures the distance in price from a mean value, stated in terms of standard deviations.
Lastly, you can now share themes in chat. Sending a theme in chat lets other traders copy or instantly apply the theme.

Deribit markets added

Cryptowatch charts of Deribit perpetual futures and expiring futures (quarterly) for Bitcoin and Ethereum are now available to view. Check out Deribit's BTC/USD Perpetual Futures market.
https://preview.redd.it/6v55a4qppva51.png?width=3328&format=png&auto=webp&s=76379f7400e6a3005d82382a92dc79ff7b9eee55

Z-Score Indicator

The Z-Score indicator measures the distance in price from a mean value, stated in terms of standard deviations. Select it from the Analysis menu, and use the “More info” button there to learn more about how to use Z-score.
https://preview.redd.it/ifibxnospva51.png?width=2478&format=png&auto=webp&s=3cea54ce839858fa284e5fb299ef787575f90684

Share themes in chat

Traders can now send their color themes to each other in the trollbox. To send a theme, open the settings menu (cogwheel, top-right of the page), select the theme to share, click “Copy”, then paste it in the chat box. Hit send, and everyone in the chat can choose to copy your theme or apply it to their terminal immediately.
https://preview.redd.it/7vrgdagwpva51.png?width=675&format=png&auto=webp&s=b3ab4c324fa6cdd18156e767024590d391b9b9a7
submitted by kraken-lloyd to cryptowatch [link] [comments]

Portfolio, Trade Ticket, COVID Updates

Portfolio, Trade Ticket, COVID Updates
Read this on the Cryptowatch Changelog.

Improved Chart Snapshots

We’ve improved our chart snapshot feature so all your snapshots are hosted on unique links you can share and refer back to. Every chart snapshot includes all the TA and drawings shown on your chart and some information about the market. You can also share directly to the Trollbox after taking a snapshot.
https://preview.redd.it/wa90vr9yrfr41.png?width=2648&format=png&auto=webp&s=c511adf0dc28e11042006c33daa9c9d2e38d2dc4

Full History for 1 Day or Higher Intervals

‌Normally, our charts are truncated at 500 candles. However, for 1 day (1D), 3 day (3D), and 1 week (1W) charts, you can now scroll back to the beginning of that market’s history. Here’s Bitstamp BTCUSD on the 1 day interval all the way back in 2013.
https://preview.redd.it/18syl7i2sfr41.png?width=1600&format=png&auto=webp&s=049ab248ef8241e279cf9127ff20522d3f25921c

Change Order Total in Trade Ticket

‌You can now edit the Total field in our trade ticket. This was a highly requested feature that improves the usability of our trade ticket - thank you to those who reached out about it. When you edit the Quantity, Price, or Total fields, one field that will change is market with an i symbol.

Portfolio - Percent to Fill and Positions USD Quantity

Now you can visualize how close all of your orders are to their fill price, across exchanges, with this new bar in the Orders tab of your Portfolio.
We also added a Quantity USD field into the Positions table of your Portfolio. This makes it easier to see the size of your positions side by side, against each other. ‌
Order Percent to Fill
How close are your orders to filling?
Quantity USD in Portfolio Positions Tab
Qty USD field is the quantity of your position in USD

Alerts from Anywhere

‌You can now access and place alerts from any page on the interface with the alerts horn in the upper right corner. Your alerts will also trigger in the browser even when you don’t have that particular market open.

COVID-19 Crypto Tracker

‌We added a tracker for total and daily COVID-19 data against the Bitcoin price - check it out here.
https://preview.redd.it/gl5lyonhsfr41.png?width=1278&format=png&auto=webp&s=98bae164cf863b437d1f76976a86f9365f5cf076

New Emojis in the Trollbox

We continue to grow our library of custom emojis with these additions:
  • :virus:
  • :tp:
  • :purell:
  • :stonks:
  • :money_printer:
  • :wsb:
  • :tendies:
  • :ric_flair:
See them all on our changelog here.
submitted by kraken-evan to cryptowatch [link] [comments]

Feelsbad =/

I have so few friend who i can discuss crypto with. All these things happening... events, price actions, markets... Whenever we meet we discuss and argue, but they are not in crypto yet. Discussing these things via telegram or something isn’t something i have.
So bitmex trollbox, bitcoin, youtube comments and shitty telegram groups i enter and quit eventually is what i have.
Only price spikes bring some of them closer... this is btc’s nature and “feature”.
submitted by judg1k to Bitcoin [link] [comments]

Alerts and News

Alerts and News
See the full changelog on Cryptowat.ch here: https://cryptowat.ch/changelog/2019-08-13
Retweet us here
What can you do with a Cryptowatch account? Trade right on your price charts across 8 top exchanges with nifty features to make trading easier, never miss a price movement with SMS alerts, and view your portfolio aggregated across 12 exchanges - sign up here if you haven't already for a two-week free trial.
On to this week's release:

New Commands for CLI: Set Alerts

Using the recently launched Command Line Interface (CLI), you can now set Price and Volume Alerts. To set an Alert, use the "alert" command, followed by:
  price  
using <, >, >=, <= to indicate the direction of the alert. To set an alert when Bitcoin/USD reaches $15,000 on Kraken, just enter
alert kraken btcusd price >=15000 
For a Volume Alert, the command structure is:
alert   volume    
"Type" is either "base" or "quote" volume - the volume down below on your charts defaults to "base" volume (or the volume in whatever coin you're looking at). Volume alerts can be set on different intervals, like 1 hour (1h), 1 day (1d), 1 week (1w) - see the interval selector at the top of your chart for all the options - you can find it next to the exchange and asset pair you're looking at in the top left of any chart page. Or you can just type "ls intervals"in the CLI.
Here's an example of a volume alert:
alert kraken btcusd volume 1h base 1000 
That alert would trigger if the volume of bitcoin traded in a 1 hour Bitcoin/USD candle exceeded 1000 bitcoins on Kraken.
You can also add multiple price or volume alerts at once:
alert kraken btcusd price >=13000 >=14000 >=15000 >=16000 >=17000 >=18000 >=19000 >=20000 
As always, help is there. Type the below to have it all in front of you. Here's the full documentation on the Command Line Interface (CLI).
alert -h 
https://reddit.com/link/cpyv1u/video/kd56vfv5z9g31/player

Theme Contest

The theme contest continues - check out our blog for how to enter. Winners chosen by the Cryptowatch design team will earn a year of Cryptowatch Pro, giving you access to our Trollbox community, lightning-fast WebSocket API for market data from 26 exchanges, and more. No payment necessary to create a theme and try out some of the great ones on Cryptowat.ch's Twitter feed.
Here are a few of our favorites so far:
https://preview.redd.it/bum681o7z9g31.png?width=1336&format=png&auto=webp&s=4317aae90a1caccb5195e326242043c82a365cd3
Clockwise from top left, they are:
  • from @darrenma007 - "Monokai,#272822,#ffffff,#66d9ef,#fd971f,#ae81ff,#a6e22e,#f92672"
  • from @CryptoRothbard - "ancap,#383838,#f1eb09,#000000,#a88c00,#000000,#eafc0d,#030303"
  • from @i_van_kaz - "ivankaz,#0f1929,#f0f0f0,#584baa,#fcfc5f,#425e71,#dd9447,#4344e1"
  • from @iridion_ - "SNES,#e0e0e5,#54585a,#a7a4e0,#e4000f,#b2b4b2,#9377d5,#747776"

News on the Homepage

The team moved our News section up on the homepage below the assets table - stay on top of the latest events here, and look out for more real-time news offerings in the future.

Trollbox Upgrades

We've whitelisted images from imgur.com to let our trolls share memes and gifs. We also collapsed the Trollbox by default for regular visitors to the website - don't forget to open it up once in a while or you might miss an easter egg.
Get started with Cryptowatch now
submitted by kraken-evan to cryptowatch [link] [comments]

Cryptocurrencies then and now

I first got interested in cryptocurrencies during the last bubble in late 2013. I bought in to the hype, bought some coins for cash, started trading, made some profit, made some losses, and ended up disillusioned when the bubble had finally popped and I was in the red. I put up a few sell orders and just waited until it would either die for good or come back alive like it has done now.
But what I saw then is repeating itself now, although in a slightly different shape. Back then people would create coins with new features such as proof of stake, new hashing algorithms that would be ASIC proof, some of them actually created coins that had some real life use like Monero and Darkcoin, or Dash as it's called now. But most of them were shitcoins only made for pump and dump purposes.
The new craze is ethereum based coins. Everyone and their uncle are making ICOs with the new best platform for a new revolutionary pointless purpose that makes no sense. Just like the shitcoins of 2013/2014 had pointless features that sounded cool but were pure fluff to make people horny enough to lose their minds and buy in to the hype so the creator could cash out a hefty bitcoin profit, leaving the bagholders wondering what the hell just happened. It's repeating itself this time too. I see people acting in the same nutty way that they did back then. Is this coin good? What should I invest in? What's the best coin and why is it $hit€oin? When will $shit€oin reach the moon? Quick, everyone buy this €rap€oin, it's going to the moon!
And so on, the trollbox is live and thriving everywhere you turn. Some are honestly asking, others are shilling, some are bots or fake accounts replying and saying they love the €oin because it has a revolutionary but pointless feature that everyone will never care about. You can also compare it to the Dot-com bubble where companies were started, venture capitalists poured their millions into ideas that sounded good on paper but no one knew how to do. But the hype was real, just look at where we are today, the internet is bigger than anyone could believe back then.
I think crypto currencies are the future just like the internet turned out to be, but it's the wild wild west right now. And don't get me wrong, I'm not asking for state regulation, it's inevitable either way, but I'd rather have it like this, decentralized, unpredictable, exciting and fascinating. But just remember that those of you who are just getting in to this, you are repeating the same mistakes that I and many others did in 2013/2014. You are the new cows that the whales are milking, you are the naive ones who're trying to make a quick buck by buying shitcoins, believing in ICOs and so on. Some of you will get it right, many out of pure luck, and a select few are able to see past the noise of the scams, ponzi schemes and outright frauds. I'm not saying I'm one of them, absolutely not, I just know that the previous bubble had the same pattern, but this time more people are aware and more cash is flowing in.
Don't take advice from Reddit. You can't trust anyone here. Assume that everything you read is a scam. The chance of it being legit is minuscule, I just refreshed coinmarketcap.com to copy/paste the number of listed coins, it was 837 before I refreshed and 840 after I refreshed. Do you see my point here? How many new coins are created per month? How many of the 840 listed coins are useful today? 5? 10? 20? 50? It's hard to define what useful is, but the vast majority of them are absolute trash.
Don't be a sheep, don't trust what a stranger online said about a coin, don't trust blogs, websites and youtubers who talk about the next big €oin that will make you fly on your personal NASA built rocket to the moon once you've staked 50 of them for a month.
But that's not to say that you shouldn't gamble, that's what we're here for, right? But don't trust their promises of some new magical properties that will revolutionize how dairy farmers trade the tons of methane that their cows produce. And yes, cows produce methane, but no, there's no coin that's trying to capitalize on that market. Yet? How about naming it ƒartcoin? I claim 10% of the premine if someone creates it. You heard it here first people.
If you've made it this far, keep in mind that the smaller coins that increase in value by e.g 200% in two weeks time most likely have no significant market cap, so if you try to sell a couple of bitcoins worth of coins, you might tank the price, so smaller coins are useless for any significant sums of money. But they're perfect for gambling purposes. Just remember that they're just that, shitcoins that you should get rid of as soon as possible. And don't take my advice, make an informed decision, I might be trying to fuck you over ( ͡° ͜ʖ ͡°)
submitted by Rygerts to CryptoCurrency [link] [comments]

Price of xrp increases in $ and decreases in satoshis, I lose

I really need help, I'm trading alts on bitmex.
I invested big this morning on the xrp leverage 5 when he was at 7750 satoshis ($ 0.45) there the bitcoin had a big increase over $ 400 and the price in satoshis of the xrp is falling to 7600 even though the xrp increases by 2 cents. The price of xrp was rising in $ but lost in satoshis and suddenly I lose money! I earned more when the btc was $ 5900.
I did not think it was going that way, if the btc goes up the price in satoshis will decrease so I will lose everything, I was told that it would be allied on the trollbox? And looking at the prices of the xrp in btc on coingecko (he never goes up very high, a little above 0.000020 when he was at $3 so 7 times the current price ((0.44)) if the xrp is once 7 in $ I will only do 3 times in satoshis) it means that the price in $ increases much more than the price in satoshis and that to multiply its gain on bitmex on the alts is shit?
submitted by Monkey-25 to BitMEX [link] [comments]

Beginner’s Guide to Exchanges – Part 1

Beginner’s Guide to Exchanges – Part 1

Hola Compadres! It is me u/poop_dragon here with another guide. Today I would like to run through a list of ETH exchanges. This is just Part 1 of this list, and it covers established exchanges. Soon I will post Part 2 and 3 which will go into some other types of exchanges (derivative markets, coin converters, decentralized, and foreign exchanges) Side note, I have given rating to these exchanges based on some comparisons, news, and information which I have found online. Recently, EVERY exchange has been slow/unresponsive in their customer service due to the huge influx of new users. My intention is to help educate new users about the exchanges available. I am not trying to discredit, advertise, pump up, or damage reputations. If you feel something is inaccurate, please respectfully bring it up in the comments. I will be editing as we go. Last thing of note, I have only included the lowest level trading tier to calculate trading fees, which assumes the highest rates. Most exchanges offer lower fees for bigger orders, but I have gone with the assumption that everyone here is not dropping whale amounts of cash.

00 – Concepts and Definitions

01 –Digital Exchanges

Poloniex

Exchange Type Maker Taker
All Currencies .15% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security ‘Majority’ of Funds in cold storage
Personal Information Encrypted and Stored Off-Site
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X $2,000 USD Daily Withdrawal Limit
Level 2 X X X X X X $7,000 USD Daily Withdrawal Limit
Level 3 X X X X X X $25,000 USD Daily Withdrawal Limit
Level 4 X X X X X X X X >$25,000 USD Daily Withdrawal Limit
What is a KYC? It stands for Know Your Customer Documentation. This varies between exchanges. However, like most things, if you have to ask, you probably can’t afford it.

Bittrex

Exchange Type Maker Taker
All Currencies .25% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security Multi-stage wallet Majority’ of Funds in cold storage
Personal Information IP Whitelisting restricts trading from new addresses
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Basic X X X 3 BTC or less daily
Enhanced X X X X X X 100 BTC or less daily

02– Fiat Exchanges - USA

Coinbase (GDAX)

Country Credit/Debit Linked Bank Account Wire Transfer
Australia 3.99% - -
Canada 3.99% - -
Europe 3.99% 1.49% SEPA- Free (€0.15)
Singapore 3.99% 1.49% -
UK 3.99% - SEPA Free (€0.15)
US 3.99% 1.49% $10 Deposit / $25 With / ACH Free
Exchange Type Maker Taker
ETH/FIAT 0% .30%
ETH/BTC 0% .30%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X X
Level 2 X X X X X Crypto Only
Level 3 X X X X X X X Fiat Enabled
Level 4 X X X X X X X X Higher Fiat Limits
Feature Details
2FA Google Authenticator, Authy, SMS
Wallet Security 98% Assets in Cold Storage
Personal Information 3rd Party Verified, Secured, Stored Offline
Digital Currency Insurance Fully Insured by Lloyd’s of London
Fiat Insurance Up to $250,000 by FDIC
Bug Bounty Multiple bounties up to $10,000

Kraken

Country Linked Bank Account Wire Transfer
EUR Free SEPA €5-10 (€0.09 Withdrawal)
US Free SWIFT $10 ($60 Withdrawal)
UK Free SWIFT £10 (£60 Withdrawal)
CAN Free SWIFT Free ($10 Withdrawal)
Exchange Type Maker Taker
ETH/FIAT .16% .26%
ETH/BTC .16% .26%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 0 X No Trading Allowed
Level 1 X X X X No Fiat, Unlimited Crypto
Level 2 X X X X Fiat $2,000Day/$10,000Mo
Level 3 X X X X X X Fiat $25,000Day/$200,000Mo
Level 4 X X X X X X X X Fiat $100,000Day/$500,000Mo
Feature Details
2FA Google Authenticator, Master Key Available
Wallet Security Majority Assets in Cold Storage
Personal Information PGP Encrypted Emails, Global Settings Lock
Digital Currency Insurance Maintain Full Reserves
Bug Bounty Multiple bounties

Gemini

Country Linked Bank Account Wire Transfer
USD Free Free
Exchange Type Maker Taker
ETH/ALL .10-.25% .25%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X X None - Except for ACH
Feature Details
2FA Google Authenticator, Authy Available
Hot Wallet Security Hot Wallet Hosted by Amazon Web Services
Cold Wallet Stored in 2 tiers of cold and 'cryo' multi-sig storage
Personal Information Encrypted in Transit and Stored Offline
Digital Currency Insurance Fidelity bond by 'top-tier insurance company'
Fiat Insurance Up to $250,000 by FDIC

03– Fiat Exchanges - Hong Kong

Bitfinex

Country Credit/Debit Bank Transfer Express Bank Transfer
ALL - .1% ($20 Minimum) 1% ($20 Minimum)
Exchange Type Maker Taker
ETH/ALL .10% .20%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X (2) X X No Stated Limits
Feature Details
2FA Google Authenticator, Twilio Available
Account Security New IP Addresses locked for 24 hours, require verification and detection
System Security Hosted and Backed-up on Linux, protection from DDoS
Personal Information Email encryption with OpenPGP
Wallet Security Only .5% of funds are stored in hot wallets
EDIT : Thank you to u/Ginger_Bearded_Man for the suggestion. Bittrex has been added.
submitted by poop_dragon to ethtrader [link] [comments]

XMR vs Bitcoin (Do you truly realise the massive gains XMR is gearing up for?)

To those of us who believe in XMR and those who know its better than Bitcoin for obvious reasons (Chinese Miner Monopoly, True privacy, Great community, Safe use of older proven algorithms to not jeapordise your equity on unproven algo's etc etc) and just a matter of time before XMR overtakes Bitcoin (long term ofcourse, Heres hoping for less than 3 years) i just wanted to share something with you about how truly massive the gains in XMR could be.
I bought into XMR really high, twice the price it is now. Knowing full well it would most likely fall to 50 percent of its value as all cryptocurrency does after a pump that high. Yet i still bought in to it. Despite the news that the dark market was already saturated and at its peak usage of Monero (lol... ok, I thought everyone was watching Narcos and knew how much Pablo made?). So why did i do it. Well that pump did wonders for Moneros publicity, A simple search of google trends "Monero XMR" will show you this. Trollboxes, Forums, The internet is alive with talk of XMR. I see recently on stackoverflow XMR is about 1/3 as active as Ethereums stack exchange. This is amazing. ETH has 1 billion market cap, XMR 80 million. Thats less than 10 percent market cap. And XMR has stats of followers on twitter and reddit that are in the top 5 percent of all crypto.
I believe the next two years is when MASS ADOPTION of cryptocurrency will begin. I have been following The Gulden recently, perhaps you too have seen its massive gains in the last month. Taxi companies are starting to use it, Its been in MANY dutch news articles, and a few stores. Dash is making good progress with its vending machines, stores are accepting more and more bitcoin. The biggest food delivery company in The Netherlands accepts bitcoin for example. Once people start using crypto and storing small amounts of crypto to use for these small purchases, the money they don't spend they will realize is increasing in value with each passing month. They will realise the more money you have in crypto, the more money you have in the future. I believe people will convert all their liquid savings into crypto as i have done because i not only see a future in this, EVERYONE sees a future in it. All the biggest names in the tech world are doing something with blockchain. And so are the banks. So when you put chump change into Ethereum on January 1st 2016 and end up with more than 12 times your investment and enough money to buy a car after 6 months you start to think. Wow imagine i put more into this.
And here is where i swing back around to the whole point of this article. When people inevitably start investing LARGE amounts of capital into crypto, the gains we have seen so far in crypto is nothing compared to what will come. So lets say in 3 years XMR has bitcoins current market cap of 10 billion (I will explain why this is extremely likely in a sec). Bitcoin currently being $650 dollars a coin. XMR has a current market cap of $85 mil. doing the math, if XMR were to at least catch up to bitcoin, 85 mill to 10 bil, well, you looking at $650 an XMR token, perhaps a bit less due to mining new coins. We are talking about adding two digits to your investment. What will it take for our rediculously undervalued $6.5 XMR's to reach $650? Quite simply people to realize XMR is faster, more private, and not controlled by an "elite group" of miners. Once banks convert to their own form of cryptocurrency why would you (besides speculative reasons) convert it to another crypto like bitcoin,litecoin,dogecoin, potcoin. All the advantages of speedy cross-border payments are already covered by the banks crypto? Except one.. PRIVACY. Would you rather have a 5 dollar note, or a trackable 5 dollar coin with your name printed on it and everywhere its ever been spent before. Because the latter is Bitcoin. And XMR is basically a banknote. A token of value with no ties to where it came from or who previously owned it or what they bought with it. Basically every factor you would EXPECT out of the worlds NEW MONEY.
submitted by Gravychain to Monero [link] [comments]

Litecoin valuation

Let's be honest. Litecoin is at least the third crypto. Bitcoin is King, Ether has a great development team and interesting features and Litecoin has the wildcard of being everything BTC ever wanted to be. Therefore it is rightfully being added by Coinbase as the third crypto currency.
So why is it battling with DASH for the fifth place whilst Dash has already halved in price and people in the trollboxes are still going on about the imminent crash of Litecoin?
For every litecoin that will ever be in existence there are currently 1190 ripples already in existence! Ok a lot of them are contractually bound to be held by the company behind ripple but still.
If 1 litecoin would be worth 1190 ripples we would talk about a $40 valuation.
Let's not start about the fact that it might enable segwit whilst bitcoin never manages to do that which would essentially merge the Litecoin project into the Bitcoin Core project and would become a viable competitor to take over the 1st position from Bitcoin.
Am I missing something here or is LTC at $9.5 a freaking steal?
submitted by fatjohn1408 to litecoin [link] [comments]

The reason I am bearish.

I'm not sure if people realize what happens here imo. This looks to me like the end of the first bubble. So yeah, I think it will go below 0.025 or even lower.
In different places (twitter, trollbox, BTT, reddit) the majority is still trying to come up with vital information that ETH will rise naturally and we dumb fucks newbs shouldn't sell but that's for me the most important sign to stay short and wait for the real bottom since they try so desperately to keep people onboard.
To be honest I don't know where the real bottom is but I expect it at 0.022 or even lower depending how hard the panic-sells will kicks in. Using TA and retracements/arbitrary lines didn't help me so far but emotional reactions to announcements, tweets, serious rumors etc.
Since Coinbase was priced in but didn't deliver what people wanted to hear, I doubt we see a new ATH for months if ever.
When I remember that bitcoin-rollercoaster in december 2013 - may 2014 I can only assume that these market-reactions are far more accelerated this time because people now know what can happen.
And one thing is certain. The optimism based on the innovative blockchain-tech and Ethereum with its UNBELIEVABLE MOON-tech will vanish like it vanished with Bitcoin 2014-2015. These cryptos are not capable to destroy banks or to change whole industries in weeks. That's just the hype who gives birth to irrational ideas!
This tech needs centuries decades to be applied everywhere so correct me if I'm wrong when I say this bubble is over because we all had the same feelings 2013-2015.
I know that some of you think that ETH is the tech of the century but I could think that the blockchain-tech benefits more than ETH as the carrier.
I know this subreddit doesn't like bearish opinions at all, so feel free to downvote this. In the end it's just my opinion and it may be rubbish so I suggest you give me your opinion in exchange, I'm curious what you have to say.
edit: spelling.
submitted by PuddingwithRum to ethtrader [link] [comments]

How to buy these cheap coins right now

Since we've all been goxxed now is the time to buy those $50-60 coins floating around and profit from everybody else's misery. Or you could wait for Gox to come back online and crash down the price even further but good luck trying to do any trading there to buy coins, the trading engine is already broken I don't expect the new one to work flawlessly due to epic 3yr history of GOXXING
BTC-E.com
To pay into this exchange, you need a BTC-E code, PM or Okpay. Take pics of your ID and utility bill and pay the $10 to Okpay for 'quick verification'. You can pay bitcoins directly into your Okpay account for initial funding or wait and see how long it takes for reg verification.
Now either wire money, or instant money transfer (MoneyPolo, Contact-sys, Unistream) to fund your account or find an Okpay exchanger somewhere. Or Ukash/CashU. Just because contact-sys is Russian doesn't mean there aren't sending points in every country in the world.
BTC-E codes you buy on #bitcoin-otc from verified gpg authenticated traders with good ratings, or on bitcointalk.org forums in the currency exchange forums.
Perfect Money is a shady HYIP digital currency run by Russians much like Liberty Reserve. You sign up for free, and load your account with wires (if verified) or you use an exchanger. This is what talkgold.com is for to find legit exchangers. I use wm-center.com to wire WU/Moneygram and get PM. Click on 'Interkassa' payment method in BTC-E and select Perfect Money. Instant load.
You can also obviously dump Litecoins you bought on Vircurex to fund the account, or a gagillion PPcoins
Bitfloor.com
Fastest way to deposit is through CapitalOne P2P or cash deposit https://bitfloor.com/docs/#funding-deposit
Be aware Bitfloor is insolvent due to owing 25k bitcoins that were stolen last year but they have a repayment schedule that may or may not bankrupt them. Use at own risk but most ppl trade there everyday with no problems.
Bitstamp.net
Great exchange in Slovakia? I think. You have to pay with Euro SEPA wire, then for some stupid reason they convert the money to USD. You can pay in here using transferwise.com if you're from UK, or XEtrade and other Forex online money transfer companies. Google 'free money transfer fx' and review your options. Most don't charge you anything if over a certain amount of money. They take your internet billing or other local payment, convert to EUR and send SEPA for you if you request it. If they don't then check with Bitstamp what a SWIFT wire costs (probably nothing, I think they use Latvian banks that charge no receiving fees). If you want a bank account in Latvia then sign up here: http://www.rietumu.com/ if you have a local corporation or business where you live you can, maybe a personal account too. You can always incorporate a dirt cheap Delaware LLC or Oregon LLC from anywhere in the world and use it to open up worldwide bank accounts.
Bitcoin-24.com
Takes direct wires, all sorts of other methods: https://bitcoin-24.com/fees You can also use Liqpay if you have a USD or EUR card. Sign up to liqpay.com, then they block a small verification amount you have to sign into internet banking (for the card) to check. It's usually $1.something or less. After that you are verified to load $1-100 or so, but I'd just try $50 at first. Any more than that and Liqpay will seize the funds and ask for your bank to authorize a fax they send which no bank will do because of privacy reasons, so pointless to load anymore money. Liqpay may also call you to verify card details this is normal. Liqpay is meant for Russians and CIS countries to use like Ukraine so due to epic fraud of credit cards don't expect to load too much this way unless you find a Liqpay exchanger, but what's the point when you can just wire money to bitcoin-24 anyways.
Vircurex.com
Good exchange, had some problems due to DDoS but so did all exchanges. They only accept BTC, altcoins and VouchX for payment. You buy Vouchx here: https://www.aurumxchange.com/ or from somebody on Bitcointalk, or IRC (with rep). You can buy a bunch of litecoins anywhere to fund this exchange such as the bitcointalk forums or IRC. Warning: the so-called official twitter account is fake, don't use it.
Cavirtex.com
Can only fund if in Canada, they accept cash deposit and internet billing. Price has been steady at ~$90 all day though no panic selling.
LibertyBit.com
https://www.libertybit.com/funding various easy methods, new exchange in Canada that takes intl wires and shockingly Interac deposits (easily frauded).
Bitcoin China
https://btcchina.com/ fast growing exchange, you pay in with Alipay or Tenpay both Chinese methods that westerners can't use or figure out due to no translation. You can probably use Alipay if you find and exchanger to load it, they do exist. **Edit they now support Liberty Reserve deposit and withdrawal
Check english forums to see if anybody exchanging Alipay or taking wires.
CampBX.com
Accepts money orders, and CapitalOne P2P payments. Also accepts Dwolla but you need to be verified.
Bitcoin-central.net
Just had a major outage due to instawallet hack, appears to be back online. You get your own quasi-bank account when you verify here much like how ecardone.com (liberty reserve) does banking so can transfer to other users legally with vouchers. You can buy a voucher p2p on Bitcointalk forums or IRC or send a bankwire.
VirWoX.com
You can pay with Paypal to get Second Life "Linden Dollars" then convert to BTC, or at least you used to be able to. I have no idea if this is still the case I've never used them.
Or course there's all the fixed price exchangers
https://en.bitcoin.it/wiki/Trade and https://bitcointalk.org/index.php?board=53.0 for everything from Moneypak to Skrill. You can also risk buying coins on Silk Road with moneypak
==============R U L E S ================================
Enjoy buying all the way down the crash once Gox comes back online and the great sell off begins! Hold them for a year and they'll be worth 10x as much just like the 2011 crash. Bonus points if you speculate on Litecoin, rumor has it Gox will be trading them when they come back online but again, this is MtGox we are talking about so the site could implode on the zerg rush of people trying to get into their accounts or trading engine could sell all your coins for $0.0001 again like they did in 2011.
Great successez!
submitted by Derpcoin to Bitcoin [link] [comments]

Of Wolves and Weasels - Day 194 - Guest Post: Don't Underestimate Dogecoin

Hey all! GoodShibe... on vacation! (sort of!)
Please enjoy this post by Guest Writer Sku and tip them well ;D)
Note: To tip them directly: +dogetipbot @Sku xxx doge verify
When a few people suggested to me that I should write a guest post for GoodShibe, I was quite surprised. I didn't consider myself the type of person who is a good writer, or was even the type of person people wanted to listen to. I remember reading the first of Wolves and Weasels post, just about 6 months ago. Never did I think it would still be going now, half a year on, and that I would be writing it. This has surely been the forefront Dogecoin daily blog for the entire community, and in Dogecoin's bright future it will be looked back on fondly. It is therefore special for me to be a part of it.
It is people like GoodShibe who have been a pillar of this community, and kept us going through the good times and the bad, through complete dedication to Dogecoin every single day. But it is not just the GoodShibes who make Dogecoin, it is people like you and me. I am just a normal guy, who stumbled upon this whole crazy community in December through Reddit, and had no idea what I was doing.
I picked up a few scraps from faucets, and my interest grew from there. 6 months later, and I'm writing an article about it. Dogecoin is powerful, because for too long, altcoins were only popular among an inner circle of enthusiasts, and it is truly Dogecoin which has blown the community wide open for anybody to get involved in, myself included.
Looking back as well these past months, thinking back from what /Dogecoin was like when I joined, we have changed so much, but for the better. When you look at the top 10 coins, Dogecoin is now 7 months old, and has earned a permanent position on that list. Despite the decline from a speculative bubble, we have held strong with a huge $20m market cap, which, if you told me in December i wouldn't believe. Back then everyone was talking about if we would hit $5m cap, because LEL DOGE ON A COIN TO THE MOON. It seemed completely ridiculous that Dogecoin was taking off, and I don't think anyone truly believed in it longterm at that point.
But then something happened. You guys happened. You came here in droves, and you built a huge thriving community which rivaled anything ever seen in Cryptocurrency before. Together we built the foundation for this coin to still be here, to still be so strong, and still be a contender as a top Cryptocurrency seven months down the line. How many other seven month old Cryptocoins still have a community of this size, and a market cap of $20m USD? What happened to the flood of copycat meme coins of January and February? We are not the new kids in town any more, we have rooted ourselves firmly into the altcoin scene, and we are here to stay for a long long time.
Community?
A lot of trolls bemoan how the community is not as active, and smaller than it once was. While this is somewhat true, I have a few counter pointers to this:
Community is what makes a coin, and we have that. What point is a currency if no-one is there to use it, just speculative investors pumping and dumping? Dogecoin seems to be up there with Bitcoin and Litecoin as the 3 major accepted Crypto currencies accepted by retailers. And that is because these 3 coins have normal people using them, and spending them. Pretty much every other Crypto is 100% speculative at this stage, but Dogecoin is already going further than most to build usage, economy and community.
We had our speculative bubble, and like every other coin it came crashing down, but unlike almost any other coin, we are all still here, supporting this huge $20m USD market cap coin. Look at any other new coin that had a crash like ours; the community has simply vanished.
Value?
I also briefly touched above on coins moving from bad hands to good hands, and this is really great news. We have mined almost 88 billion coins by this point, a huge number, and a lot of these coins are moving into better hands, long term investors, and members of the community. But, it will take 17 years before we mine another 88 billion coins. We have mined such a large amount of coins in such a short amount of time, that a lower price was needed to move those coins into long term hands, such as you and me.
This is where Dogecoin will get it's value from. True believers, long term investors and community members are now holding on to a large majority of all the coin which will exist for years to come. And this time time, we won't give it over as easily to daytraders, short term investors and the like, because the people still holding are in this long term. The bad hands will have to fight over a lot less coins, as we hold all of our stockpiles as investments, tip them out to new users, and start building our own usage economy.
Maybe one day we can cash out a little for profit, but we will have worked hard to build what we have. We are not get rich quick scammers, we are doing it the old fashioned way, it's slow, and it's hard work, but we know the results will be much more rewarding.
At current prices, we create 35btc worth of new coins everyday, most of which are mined by multipools, and dumped straight to exchanges. 35btc every day might sound like a lot to you, but consider the following statistics. Given current pricing, here is the amount of new coins being produced daily by the 2 big players as things stand:
Bitcoin: 3600btc (100x Dogecoin)
Litecoin: 390btc (11x Dogecoin)
So at Dogecoin's current price level, we are producing very little new value everyday compared to the other big players. And these big players will be producing an enormous volume of coins everyday for years to come, whereas if we still are at a 40sat price level in January, after block 600,000, we will be producing just 14.4m Dogecoins a day, just 5.6btc, 643x less than Bitcoin.
Litecoin doesn't halve until August 2015, and Bitcoin late 2016, and even then, they will still be flooding the market with huge numbers of coins for decades to come. This is where Dogecoin is different; the flood of coins for us is coming to an end, and is already largely over. The community has proven staying power. Given these factors, do you really think Dogecoin will only be worth 40sats in January, as it becomes harder and harder for the market to get it's hands on coins?
As I mentioned in my last post, the great thing about the speculative crash, is that it's a great time for everyone to jump back on board, to buy a worthwhile number of coins at excellent value. You will be buying outside of a speculative bubble right now, at a fair market evaluation which has not been overly inflated by pumpers and speculators. There will still be short term ups and downs, but the long term outlook has never looked brighter. We have grown as a community, fought back the great summer dramas of 2014, and are stronger than ever before. There never has been a better time to jump into Dogecoin.
Maybe one day you will be writing a 1653 word essay on Dogecoin too. Which brings me to the end of mine. Thanks if you stuck with me all the way to the end, and I hope that it inspired you today, to truly look at what an amazing thing this community has done together.
https://www.youtube.com/watch?v=tdjh_evylJA
It's 8:28AM EST and we've found 87.89% of our initial 100 Billion DOGEs -- only 12.11% remains until our period of Hyper-inflation ends! Our Global Hashrate is up from ~46 to ~48 Gigahashes per second and our Difficulty is down from ~708 to ~616.
I Hope you enjoyed today's Guest Post by Sku!
Note: To tip them directly:
+dogetipbot @Sku xxx doge verify
GoodShibe
submitted by GoodShibe to dogecoin [link] [comments]

If you've come here to post that you're worried about the price being down, please read this.

I'm seeing a lot of "Guys, the price is down, what are we going to do" posts.
Item #1: Look at Bitcoin's history. http://blockchain.info/charts/market-price?timespan=1year - Notice in April 2013, there was a spike, and then a drop. Notice all of the peaks and valleys. The trend has been undeniably upward, but everyone needs to understand that peaks and dips are absolutely the normal function of a trading market where some people are trying to sell high and some people are trying to buy low. To see a real trend, we need to look at averages. This is why "real" stock market graphs show 24hr, 7 day and 30 day trend lines. Because the averaged trends (signal) are more important than the day to day jitter.
Item #2: The Allegory of the Bank Run. It goes a bit like this. Someone about town, with 5 small banks, one bank closes for a day because they have trouble paying out funds. A customer of that bank spreads the rumor that there is going to be a bank run, meaning that everyone is going to withdraw their funds and the banks will become insolvent. In reaction to this rumor, the entire town withdraws all of their money from the other 4 banks, thereby causing a bank run - in reaction to an imagined impending bank run.
Right now the BIGGEST danger to Dogecoin is not day traders, trollbox preachers, or price manipulators. It's morale here, and this absolutely unfounded worry that a moderate dip in price which has been calculated in days.
Has anyone noticed that while Dogecoin has taken an underwhelming slight fall, Bitcoin has basically fallen from orbit? Bitcoin has crashed, Litecoin has crashed, and Dogecoin has "meh'd". We really need to see the silver lining here. ALL cryptos are down right now. Dogecoin isn't down that much by comparison. And people are getting nervous because we're not at 300 satoshis yet?
Come on folks. We were at 75 satoshis a few weeks ago. Let's temper our expectations and can the negativity because it can and WILL cause a feedback loop that will cause the market (which is inherently emotional) to react to the community's morale. It makes me worry about how shibes will react to the inevitable first REAL dogecoin crash. (It'll happen, and 'that too, shall pass'.)
There is no need to abort this mission AT ALL. Keep evangelizing Doge and the community. Keep using Doge, keep exchanging Doge, keep mining Doge and keep telling everyone you can about Doge.
When you worry about the price, channel that upset into doing something with Doge. Make a site. Talk to a business about accepting doge. Get a friend mining. Show a friend faucets.
Anything but rumination about insignificant jitter in the trend line. Because we are absolutely and undoubtedly still flying.
submitted by michidragon to dogecoin [link] [comments]

Beginner's Guide to Exchanges - Part 2

Beginner’s Guide to Exchanges – Part 2

A little late, but as promised here is Part 2 of the Beginner’s Guide to Exchanges. I would like to sincerely thank everyone for their support and feedback in making these.
Link to Part 1
This time I also made a Google Docs survey in the hopes of sharing the results with the community. I thought we could share what we use as a whole and why redditors choose the exchanges they do. For skeptics (as you all should be), I assure you that I am not collecting personal information. This is for recreation and if you are still wary, then by all means abstain!
Link to Survey
In Part 3 I will be wrapping up this series by covering decentralized, semi-decentralized, and derivative exchanges. Here it goes!

00 – Concepts and Definitions (Continued)

04 – Fiat Exchanges – Canada

QuadrigaCX

Country Linked Bank Transfer Wire Transfer Paypal Credit/Debit Crypto Transfer
CAD Deposit 1%/ Withdraw Free Free Free (Withdraw Only) 1% (Withdraw Only) Free
USD - Free Free (Withdraw Only) - Free
Exchange Type Maker Taker
Fiat .5% .5%
BTC/ETH .2% .2%
Feature Details
2FA Google Authenticator or Email 2FA Available
Wallet Security Undisclosed amount of funds in cold storage
Web Security 3rd Party Security provided by CloudFlare
Bug Bounty Expired $50 bounties
Tier Level Name Email DOB Phone Address Official ID Bank Info Credit Score Limits
Basic Account X X Digital only, Limits Vary
Verified Account X X X X X X Limits Vary

05 – Fiat Exchanges – Europe

CEX.IO

Country Credit/Debit Bank Transfer Crypto Transfer
Europe 3.5%+ €0.24 Deposit €0 / Withdraw €25 (SEPA €10) Free
Russia 5% + ₽ 15.57 - -
UK 3.5%+ £0.20 Deposit £0 / Withdraw £20 (SEPA Free
US 3.5%+ $0.25 Deposit $0 / Withdraw $50 Deposit $0 / Withdraw 1%
Exchange Type Maker Taker
All Currencies 0% .20%
Feature Details
2FA Google Authenticator Available
Wallet Security Undisclosed amount of funds in cold storage
Credit Card Data Overseen by 3rd Party Kyte Consultants
Web Security SSL Certificates and Encrypted Personal Data
Tier Level Name Email DOB Phone Address ID + Photo Bank Info KYC Limits
Basic Account X X X Digital only
Verified Account X X X X X X $10,000 Daily/$100,000 Monthly

BTC-E / XBTC-E

Country Credit/Debit Bank Transfer Paypal
Europe - SEPA - Deposit .5% / Withdraw 1% (€100 min) -
Russia 6% 6% -
US 7% Deposit .5% ($20 min) / Withdraw 1% ($100 min) 7%
Exchange Type Maker Taker
All Currencies .20% .20%
Feature Details
2FA Google Authenticator Available
Password Expiration Must be changed every 6 months
DDoS Protection 3rd Party Security Services provided by CloudFlare
Bug Bounty Yes at xBTCe
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Verified User X X X X X No Stated Limits

Liqui.io

Exchange Type Maker Taker
All Digital Currencies 0.1% .25%
Feature Details
2FA Google Authenticator Available
Bug Bounty Reported bounty posted on HackerOne (unconfirmed)

06 – Fiat Exchanges – South Korea

안녕하세요 여러분! 혹시 우리 한국인 친구 이 보고서를 한국어로 읽고 싶어한다면 알려주세요. 관심이 많이 있다면 간단한 한국어 보고서도 만들 수 있습니다. This year, ETH has taken off like a rocket in the Land of the Morning Calm. With a population of just 50 million, South Koreans account for almost 30% of daily ETH trade volume. Even more surprising is that currently the daily volume of ETH is about 5 times higher than that of Bitcoin on Korean exchanges. Since demand is high, ETH is trading at a premium on Korean exchanges. Some users have been talking about capitalizing off this imbalance by trading on arbitrage between exchanges. For those who have no connection to Korea and hope to do so, I have bad news – all Korean exchanges require a National ID number and access to a Korean bank account. This makes Korean exchanges virtually closed to Korean nationals and those with long-term visas. Sorry everyone.

Bithumb

Coinone

Korbit

07 – Fiat Exchanges – China

With a great deal of anticipation, major Chinese exchanges started trading ETH this summer. Since these exchanges deal huge volumes of Bitcoin already, naturally it was expected that they invest heavily into ETH as well. So far this hasn’t quite lived up to the hype with many exchanges still favoring Bitcoin, Litecoin, Altcoins, and even Ethereum Classic (Gulp). Three of these exchanges underwent inspections by the Peoples Bank of China earlier this year and will be working closely with the government to ease fears of money laundering and market manipulation. There are a lot of Chinese sites, and since my Chinese is non-existent this list is basically just for name recognition. In many ways these sites are very similar in regards to security, verification, and fees compared to their western counterparts; just marketed at a different audience and currency. If users are seriously interested in these exchanges and making reviews, please contribute or ask!

OK Coin

Huobi

CH-BTC

Yunbi

08 – Coinswaps & Cryto-converters

ShapeShift

Changelly

submitted by poop_dragon to ethtrader [link] [comments]

Congratulations PARTICL team! - 16-04-2017 (PART/SDC trading analysis post crowdfund completion)

Well the PARTICL crowdfund is officially over and in spite of some doubts I had during week 2 and 3 of this 4 week event, they managed to fill all their funding milestones!
-This means the outstanding 1.49 million SDC will be converted to PART and 80% of it will be redistributed to the crowd funder participants (the other 20% of this pot will go to the dev wallet).
In other words anyone who bought SDC at <$1.60 (and swapped it for PART) got a good deal in my opinion.
...
I've used the experience to diversify my holdings and engage in day trading/swing trading a little more. I won't deny when you've stared at the charts and orderbooks, it's tempting to dive in. Experience is a blessing in this game and whilst I brace myself for the long wait (8 weeks) for PARTICL to hit exchanges, I accept I'm going to be holding this one for a very long time in crypto world; 9 months.
I don't think it's worth selling the PARTICL token so soon, given all the potential, all the recent transparency, all the videos and casts/communications explaining what PARTICL is and the likelihood that this will continue. The SDC development may have been shrouded in secrecy but it looks like PARTICL is going to be a much more transparent and open affair.
I will personally be reverting to a pattern of holding (and possibly accumulating) ETH, PART and REP whilst trading in other alts over varying time frames. That says something about my market biases but I will say I've learnt that having no biases is more important to making money in this space overall. It hurt that I'd spent a lot of time wrapped up in SDC and I'm sad to see it go but diversifying and choosing the path I have has helped greatly and recovered my unrealised gains when SDC was at $5.
...
To those that got burned buying SDC at the top remember there's opportunity in every asset to pump. Even BTCD (Bitcoin Dark) pumped 1000% to $11 after it been abandoned by the devs. The reality is that markets are stupid (like mobs are stupid) because the bulk of traders that comprise them are untrained and follow patterns rather than lead or anticipate them. Look at other assets trading in the cryptospace; >100-200% losses can be quickly recovered in 1-2 smartly timed and executed trades.
I am not saying buy SDC. Now is a terrible time to do so. Instead if you want to play a game of profit with other people's stupidity, just watch the chart, daily trading volume and order book for a while and see if someone is attempting to accumulate and pump it. The API exchange bots will continue their business of automated trading to settle price to the mean but it might be an opportunity.
That said this is an awful idea when you consider how many and how often other alt coins will pump in value. Hedging with some mental stop losses and conditional sells (I never enter conditional buy/sell orders on Poloniex or Bittrex as I personally believe they monitor the books) can prove profitable if you are patient, willing to wait months on each asset and check the prices daily, selling when the almost inevitable 100% rise comes. Remember the average return on a traditional stock index is 10% PA - 100% PA is a good return in contrast for what is essentially a stress free strategy.
...
I am increasingly bullish on PARTICL. I even have some suggested solutions to their potential problem of attracting vendors:
...
So keep that in mind. I believe the future of blockchain technology lies not in being a currency but in providing services and platforms to implement real world fundamental change; whether this makes markets more efficient, decentralised and secure or increases accessibility to ownership rights and investment potential I believe the platforms that will succeed in the longer term are those that attempt to draw non-speculative revenue into their ecosystem.
So many crypto-tokens are obsessed with being currencies. That to me shows a real lack of imagination (and a get rich quick, screw other people over mentality) among many developers in the cryptospace. That said projects like Ethereum, Particl, Augur, ARK, Library Credits (and quite a few others) transcend these tendencies and provide the real future of this space.
Similarly I hope the new class of chains which take advantage of the masternode/PoS mechanisms and implement self-funding budgets like PIVx/DASH/Decred and now Stratis use those growing budgets (both in coin number and exponentially in coin price) to interface with the real world in some way and fund public development, small businesses and acquire real estate and utilities similar to corporations that acquire such assets to increase their intrinsic value and create a perpetuating and stimulated real-world economy that rewards the token holders of those participating chains (see this article I wrote here: https://www.reddit.com/pivx/comments/657ej2/i_hope_pivx_aspires_to_be_more_than_just_a/).
Anyway I'm done for now. Catch me on the next upcoming trollbox podcast (https://twitter.com/trollboxpodcast) where I make a guest appearance and talk at length about the above!
Trade well,
Joskye
...
Full disclosure:
Disclaimer: All prices and values given are as of time of posting. I am not responsible for your financial decisions, nor am I advising you take a particular financial position. Rather I am sharing my experiences and hoping you form your own opinions and insights from them. Full disclosure: I have long positions in Ethereum (ETH), PARTICL (PART), ICONOMI (ICN), Augur (REP), Digix (DGD), PIVx, ARK, DCR, LBRY.
submitted by joskye to Particl [link] [comments]

Welcome to Polkadot's subreddit - read this guide to get started!

Welcome to dot. Here you will find guides, tools, news, discussions and more.

Subreddit Rules:
What is Polkadot?
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.
Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria.
Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability.
Join the Community
Watch these videos to learn more
Read these resources to learn more
Ecosystem Tools
Guides
submitted by web3jp to dot [link] [comments]

Of crypto optimists and pessimists, or: why do they hate ETH so much?

I’ve been thinking a bit about why there is such strong antipathy toward Ethereum coming from altcoin traders on bitcointalk, the Polo trollbox, Twitter, etc. Every time there is a dip in price, they start predicting doom and crowing about having known all along that a dump was inevitable. There are constant snide remarks about how ETH bagholders are fools and dupes. No one knows what the price will do, and of course argument on both sides can be rational. But there seems to be an element of hatred and derision toward ETH that I find fascinating.
To some extent, the reason is obvious: more investment in ETH means less money for BTC and the latest altcoin scams. But I think it goes deeper than that. I think it comes down to two things: 1) they know that Ethereum could mean the end of the shitcoin carnival and 2) they experience Ethereum’s forward movement as an affront to their worldview.
So first, why Ethereum could put an end to the shitcoin carnival:
Shitcoins have been stagnating for a long time. If you really want to know how bad it has gotten, take a look some time at the coins on the second and third pages of coinmarketcap.com, then go to those coins’ bitcointalk ANN threads or search for them on Twitter. You may start off hating scammers, but I guarantee you will literally feel sorry for them by the end of that exercise. They are spending hours a day churning out lame spam arguments for an ever-diminishing pool of dupes. In the great majority of cases, despite all the intense effort the would-be con artists are putting in, there is close to zero trading volume and extremely low market cap. This can’t be profitable. They could make more money, with less effort, stacking boxes at Walmart. And yet they persist. Why?
The shitcoin explosion of the last couple of years has been founded on people’s hope that there would a “next Bitcoin” and that they would be able to identify it early. Although I really don’t think any scammers have made much money in the last year or so, they profited prior to that, in the early days of the shitcoin explosion, by coming up with various reasons to get people thinking they’d found the next bitcoin: this one has better privacy, that one is going to be used for a new silkroad, the other one is going to be used by farmers to buy fertilizer, and so on.
Over time, most of the low-hanging fruit had been picked, and at the same time most of the dupes got wise. It was harder and harder to come up with credible scams, and there was less money floating around anyway.
And then Ethereum entered the scene. If you had no clue who these people were, you might be surprised that after years of predicting the next bitcoin, the Twitter shills weren’t jumping with joy that an alt-project was finally gaining huge momentum. But only if you had no clue who they were. The problem for the shills is that they’ve been trading on the promise that the next bitcoin would appear. The absolute last thing they want is for that promise to actually be realized, and certainly not by a coin that they didn’t create, because then they have nothing left to promise.
It’s not just that Ethereum will suck up all the attention and money for the short term. If it was only that, they could solve the problem with a raft of Ethereum clones. The problem is that Ethereum as a platform can support such a broad range of applications, that so many Dapps are already in advanced stages of development, and that the platform has garnered so much support and interest from major economic players. You can clone a coin, but you can’t just clone an entire ecosystem. There is something real happening with Ethereum, and it has rapidly grown to a scale beyond anything the shills have been able to fake in the past.
So that brings me to the other point: why the shills seem to experience Ethereum as such a personal affront. They are not just arguing and positioning for profit. They seem to be dripping with outrage. Something about Ethereum makes them mad. What is it?
I think you have to try to imagine the outlook of someone who spends all their time conniving to get together a few dollars in cryptocoins. If they are sociopaths – and it seems a pretty fair bet that a lot of them are – then by definition they experience a very narrow range of emotions, mostly emotions having to do with power, whether the joy of exerting power or the fear of having power exerted against them. But I think calling them sociopaths is kind of silly, and only tells part of the story. A better term, I think, is pessimist. These people simply take what most of us would think is a dark view of human nature. They see a world that is managed by corrupt powers, a financial system that only works to the advantage of whales and manipulators, and a lot of sheep who follow directives from those powers. Some people have the same political opinions and they feel outrage. When sociopath pessimists have those political opinions, they don’t feel outrage, they just think “why not me too?” If that’s how you see the world, then maybe trying to get a piece of the pie for yourself by any means necessary is a rational response.
Contrast that against the outlook we might expect of a more optimistic “average person.” The average person sees corruption and manipulation as forces that exist in the world, but that also wax and wane. Not everything is predetermined by powerbrokers conspiring in smoke-filled rooms. Some systems fall prey to corruption some of the time, and in some instances, but over the long haul genuine value usually triumphs over shortcuts like cheating. Optimists see the constant emergence of new technologies that improve people’s lives and financially reward their inventors as evidence for this view of the world.
Cryptocoins have interestingly brought together a lot of people with both outlooks. There are clearly some pessimists who have devoted, and continue to devote, a great deal of work to gaming the markets. But there are also optimists who are excited by a new technology that they think will make the world more efficient and more equitable. Both the pessimists and the optimists operate with a degree of self-interest, but in totally opposite ways. For the optimists, it has been what we commonly call “enlightened self-interest,” or self-interest that seeks personal enrichment while backing projects that have genuine social good embedded in them. For the pessimists, self-interest has been more raw, and amounted to them trying to take advantage of the optimists’ hopeful quest to find the next big thing.
Until now, the short history of cryptocurrencies has seemed to reward the pessimists more richly than the optimists. If you are a pessimist, crypto has to have felt like a giant proof of concept for you. It’s proven, or seems to have done, that people are gullible, venal, greedy, etc.
But with Ethereum, it is looking like the tide of crypto history may be about to turn. Suddenly, the optimists have something to be excited about again. If you bought at crowd sale, you have already seen returns far beyond what most scammers could expect from a year’s worth of manipulations. If ETH were to continue gaining value, that will only get more true. So far, the pessimists are rationalizing the development to themselves, and you can see their thinking laid out in the forums and in the trollbox. The rise of ETH, they think, is not due to the underlying value of Ethereum, but to the machinations of even bigger whales than crypto has seen before. An outsider might think it seems unlikely that new whales would have suddenly appeared at this point in the downward spiral of crypto, but hey, humans, even sociopaths, think whatever they need to think to avoid challenges to their worldview.
The point is, Ethereum is a kind of final judgment for the two types of people who have gotten into crypto so far. If its growth stops and then reverses, it will be seen by the pessimists as proof that they were right all along: it’s all a sick game, and the only people who win are those who accept the sickness of it and play dirty. Likewise for the optimists if Ethereum goes global: it is more than a game, and sometimes people win by adding genuine value to society or investing in the development of genuine value.
Don’t get me wrong. If Ethereum gets as big as I think it will, I’m sure pessimists will still find a way to convince themselves that it was really just because of some greater conspiracy, not because they failed to recognize the underlying value early enough. But somewhere inside of themselves, I think they recognize that the threat of Ethereum is not just a threat to their position as big fish in the small pond of crypto, but that it threatens to expose the emptiness of their mindset. Nothing could be more upsetting to people who see themselves as master manipulators than to find that those they think of as “sheep” are the ones who actually come out ahead.
That’s where I think the anger really comes from. So if you are one of these crypto pessimists, I would advise you not to despair. Maybe you will turn out to be right after all. Maybe ETH will come crashing down around all the sheep just like all the previous scamcoins and you can laugh and carry on as usual. But just in case, I would advise you to start learning how to create fake Dapps, because something tells me the shitcoin glory days are coming to a close.
submitted by LGuappo to ethtrader [link] [comments]

The Polo Effect on BTC Price

I believe this is my second Reddit post. I am 99.9% in read-only mode via ZeroBlock, which usually results in an antacid with my lunch. For something to happen in the Bitcoin space that causes me to sit down and initiate conversation, then I believe the community is missing something big. This is my story and the effect on the crypto space.
A few months back, BTC price took a nose dive hitting a low around $900. This was a mass exodus of asset holdings from Bitcoin to alts according to the dive in Bitcoin’s percentage of total market cap: https://coinmarketcap.com/charts. Some call it “the flippening” and the cause for the drastic shift into alts is the same reason btc exists.
Well-seasoned with trading markets (formerly Series 7 licensed) I decided to give the largest trading exchange a try: Poloniex. I fully understand the risk of holding coins on an exchange, but ultimately decided that part of this risk is offset by diversification into smaller alts. I setup 2FA and transferred most of my coins.
Up until Sunday there were no issues. The combination of new money coming into this space along with a greater flow of BTC being used as an entry point into alts was a no lose situation. The gains the last month were ridiculous. I mostly dabbled in top 20 market cap alts, but even DOGE has rocket boosters on.
Sunday night my brother and I are both dinking around in Polo and experience lag. It was not my local connection as the trollbox users were experiencing the same lag. Polo’s servers were on the edge and no one knew it yet.
My brother leaves and I go long on an alt and within 20 minutes, Poloniex’s front end will no longer execute trades. The trollbox still worked and there was severe lag, but trading was not stopped. Whales with access to auto trading bots via API decided to execute sells from all alts into BTC safety. The site took approximately 45 minutes to rectify, with all alts blood red. I sold my margin long alt at a 3 BTC loss and had no idea what just happened. This was around 1/20th of my altfolio and the gains from the previous month covered that with no worries. As an IT guy who has installed servers in datacenters, I laid awake most of the night staring at the ceiling trying to put the technical pieces together.
Going long on Polo means that you are not just betting that your alt will rise, but it has to rise greater than BTC as the pricing is per BTC. For example, LTC right now is .0179 BTC. As it turns out, Polo front end server outages are a worst case scenario for margin longs and this was the first of many.
The lag continued into Monday so I decide to place limit orders on three different alts 15-20% below market price in case of another outage. All three of my orders hit on the next outage and the price flies back up in correction. I sell two of the three positions at a profit and decide to hold 600 LTC for a day or two. Then the worst possible thing happened. The Polo servers crashed two additional times in quick succession and a fourth time this morning around 10 AM EST before total price correction. At one point, my altfolio was down almost 40%. LTC was at .0203 on Sunday before the first Polo crash. My position was at .017 and by the time the worst crash hit it was at a low of .0131. BTC was flying up but my altfolio was wrecked. I survived with strong hands and was not over-leveraged, selling this afternoon a little over break-even. Most alts recovered to about 90% of pre-first Polo outage prices. ETH lost 1 billion in market cap at the worst point and all this alt money flowed into BTC, thus the price influx since Sunday.
Thousands of other users experienced the equivalent of Mt. Gox 2.0. Total loss. One guy on the trollbox said he felt like jumping out a window. Another guy setup PoloniexLawsuit.com which now re-directs to Polo. I doubt the guy would forward his URL to Polo unless they reimbursed him in whole. I have no doubts there will be a class action regardless. The NYSE shuts down tickers all the time and have circuit breakers built in. In my opinion, Polo is not liable because of the server issues (and lack of DDOS protection), but because they did not pull the plug allowing unacceptable losses.
I have to give credit to Polo for one thing, the API was shut down on the fifth server lockup this morning, no orders from API bots. I know this because the candles flat lined at a certain point for about 45 minutes. At this point, I noticed that Kraken and GDAX prices held within 1% of Polo’s outage price on all coins. Polo would not admit they effective shut down all trading when the front end went down, but I am sure of it.
Bad things happen when technology does not scale. Good luck Bitcoin, I’ll be back when you are ready.
submitted by DataGuyBTC to btc [link] [comments]

Thoughts on the current state of Bitcoin from someone who participates in much of the ecosystem [and tipping thread ;) ]

Hey guys,
So this is something I've been looking at for a while now, and kind of seeing some things die and other things be born. Some things are getting easier, and other things getting more difficult. I want to take this time to outline the last few months and how my sentiment is reflected towards the market. I have to say, the market generally matches how my "emotions" playout towards the ecosystem as a whole.
I'll outline just a few short things on both the bearish and the bullish sides of my sentiment, even if things don't effect the overall sentiment much (at least according to most traders and people) I'd like to point them out because I view them as notable.
Some of the not so good things that have been happening:
Anyway, in many respects it feels like a lot of the bitcoin ecosystem is dying, and maybe we should all panic, cry, and shit our pants, but a few things haven't been going badly, and in fact, I'm looking optimistic that the next time a surge of new users enters the market for whatever reason, there will be a much more developed and kind ecosystem to take part of. No one is going to be touting the next 5 second confirmation coin, no more of the ubiquitous "investment" opportunities that await the uninitiated.
Other than my love for bitcoin in general, this is what makes me not panic sell, and what keeps me optimistic about the bitcoin future:
Alright guys, thats my sentiment overview, and I hope it wasn't tl;dr for most of you. But one last thing I want to point out in terms of user growth. We need to break out of our comfort zone. We need to help people get into it. That btctipping dude? He has the right idea, except, it does kinda feel like he's promoting his own website? I dunno? Anyway, Changetip some newbies. Just the other day in the reddit lounge I tipped a guy a coffee, and he then said "Man that was evil, now I have to spend the next hour learning all about bitcoin"... who knows, maybe his sentiment that the media helped paint is one shade lighter now just from a a couple millibit tip. You can do that too, and I'm here to help you get started. I've got some millibits to give away, give me some awesome feedback, criticism or build your own thoughts on this thread. I tip you, then you go pay it forward. Lets do this!!!
submitted by googlemaster1 to Bitcoin [link] [comments]

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If the price continues to rise as it has this year (going by the $689.80 Bitcoin price as of early July last year), Bitcoin will reach about $20,000 by the next block reward halving in 2020. Source link . قالب وردپرس . Previous Article. Litecoin Prices Surge Above $70 as Crypto Market Tops $175 Billion. Next Article. Daily Roundup - August 30, 2017 - Crypto Insider. Leave a Comment ... Bitcoin may have just undergone the most significant crash in its history gaining and then losing over 300 US dollars in price, but while the dust may have settled, the action has not. You can ... Bitcoin price is still struggling to gain bullish momentum above $11,500 against the US Dollar. BTC could start a major downside correction if it breaks $11,200 and the 100 hourly SMA. Bitcoin is struggling to settle above the $11,500 and $11,520 resistance levels. The price is currently trading just above the $10,400 support and the […] TROLLBOX. Read news and updates about TROLLBOX and all related bitcoin & cryptocurrency news. Articles in this category: 1. Displaying page 1 out of 1 pages. Scroll to the end of the page to load older articles. BTC-e Exchange Comes Back Online With Limited Functionality. 09/02/2017 - 01:30. Submit a guest post. Today's popular content. The curious case of Coinbase — employees driven out by ... The Sell and Buy price buttons are available in the New Order window, Market Watch window and on the One/Double Click Trading panel of the chart. Similarly, to cancel/close or reverse an order/position, the Customer needs to single-click the Close/Reverse button in the corresponding row of the Trading window or next to the order/position label in the chart window.

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Poloniex trollbox streaming API Node.js try1

This video is unavailable. Watch Queue Queue. Watch Queue Queue Probably the best fun you'll have trading Bitcoins... because of the trollbox and the ban hammer. Thanks for watching! For donations: Bitcoin - 1CpGMM8Ag8gNYL3FffusVqEBUvHyYenTP8 $10,000 Bitcoin By Halving, IF Key Resistance Breaks! HUGE ETHEREUM NEWS Will Rocket Price! - Duration: 14:43. The Crypto Lark 26,472 views. New; 14:43. Mix Play all Mix - The Crypto Lark YouTube ... I TIP A 40 TO YOUR MEMORY!! Yup....the deed has been done. Curtain closed. The last rights spoken. Pour out a little liquor for dear ol TrollBox. THIS IS FOR...

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