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Summarizing some free trading idea resources I've been using

I've been following many free resources on youtube and twitter to generate trading ideas. Some of them are suspicious; some are more like boasting their wining trades but never post any losing trades. I see many people ask about trading ideas/resources, so I want to briefly share some resources I find useful.

Twitter resources:
  1. @ TicTocTick


  1. @ tradingwarz


  1. @ traderstewie


Youtube resources:
  1. Conquer trading and investing. https://www.youtube.com/channel/UCN2WmKUchJpIcS1MupY-BuA


  1. Blaze Capital: https://www.youtube.com/channel/UCq0BCGckWWjrnV8YdYO24JA
Other notes:
  1. The scalping trades in the morning is not very suitable for small accounts since they will trade for example 100 shares of BA (~160) to scalp a few dollars per share.
  2. Even though the stocks on their weekly watchlist does well very, one still need to come up with an actionable plan. Very often say they recommend stock A on Sunday, and on Monday it already gaps up big. They sometimes do YOLO options -- big risk big rewards-- options can go to 0.
  3. Besides the free content, everyone can get a free one-week trial for their paid membership, or a 2-week free trial by winning a lottery game on their youtube ( what I did) or knowing someone in their group and get a referral. What I like about the group: (i) very frequently updates each day on SPY and stocks on the watchlist. (ii) all their positions, Profit / Loss are very transparent. I learned a lot about how to manage trades by observing their live trades. (iii) There are many very experienced traders in the group posting their trading ideas, plans, entry/exit, and there are many live discussions. (iv) There's a "helpdesk" in the group where members' questions will be answered in minutes. I often ask about my trading plan, entries/ targets.




Other resources:
  1. Shadow trader free newsletter
https://www.shadowtrader.net/newsletter-category/swing-trade


I've spent much time looking for free contents, and I like the ones above. Also looking forward to hearing about other good/bad resources. I might also update this post if there are enough interests. NFA
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No, the British did not steal $45 trillion from India

This is an updated copy of the version on BadHistory. I plan to update it in accordance with the feedback I got.
I'd like to thank two people who will remain anonymous for helping me greatly with this post (you know who you are)
Three years ago a festschrift for Binay Bhushan Chaudhuri was published by Shubhra Chakrabarti, a history teacher at the University of Delhi and Utsa Patnaik, a Marxist economist who taught at JNU until 2010.
One of the essays in the festschirt by Utsa Patnaik was an attempt to quantify the "drain" undergone by India during British Rule. Her conclusion? Britain robbed India of $45 trillion (or £9.2 trillion) during their 200 or so years of rule. This figure was immensely popular, and got republished in several major news outlets (here, here, here, here (they get the number wrong) and more recently here), got a mention from the Minister of External Affairs & returns 29,100 results on Google. There's also plenty of references to it here on Reddit.
Patnaik is not the first to calculate such a figure. Angus Maddison thought it was £100 million, Simon Digby said £1 billion, Javier Estaban said £40 million see Roy (2019). The huge range of figures should set off some alarm bells.
So how did Patnaik calculate this (shockingly large) figure? Well, even though I don't have access to the festschrift, she conveniently has written an article detailing her methodology here. Let's have a look.
How exactly did the British manage to diddle us and drain our wealth’ ? was the question that Basudev Chatterjee (later editor of a volume in the Towards Freedom project) had posed to me 50 years ago when we were fellow-students abroad.
This is begging the question.
After decades of research I find that using India’s commodity export surplus as the measure and applying an interest rate of 5%, the total drain from 1765 to 1938, compounded up to 2016, comes to £9.2 trillion; since $4.86 exchanged for £1 those days, this sum equals about $45 trillion.
This is completely meaningless. To understand why it's meaningless consider India's annual coconut exports. These are almost certainly a surplus but the surplus in trade is countered by the other country buying the product (indeed, by definition, trade surpluses contribute to the GDP of a nation which hardly plays into intuitive conceptualisations of drain).
Furthermore, Dewey (2019) critiques the 5% interest rate.
She [Patnaik] consistently adopts statistical assumptions (such as compound interest at a rate of 5% per annum over centuries) that exaggerate the magnitude of the drain
Moving on:
The exact mechanism of drain, or transfers from India to Britain was quite simple.
Convenient.
Drain theory possessed the political merit of being easily grasped by a nation of peasants. [...] No other idea could arouse people than the thought that they were being taxed so that others in far off lands might live in comfort. [...] It was, therefore, inevitable that the drain theory became the main staple of nationalist political agitation during the Gandhian era.
- Chandra et al. (1989)
The key factor was Britain’s control over our taxation revenues combined with control over India’s financial gold and forex earnings from its booming commodity export surplus with the world. Simply put, Britain used locally raised rupee tax revenues to pay for its net import of goods, a highly abnormal use of budgetary funds not seen in any sovereign country.
The issue with figures like these is they all make certain methodological assumptions that are impossible to prove. From Roy in Frankema et al. (2019):
the "drain theory" of Indian poverty cannot be tested with evidence, for several reasons. First, it rests on the counterfactual that any money saved on account of factor payments abroad would translate into domestic investment, which can never be proved. Second, it rests on "the primitive notion that all payments to foreigners are "drain"", that is, on the assumption that these payments did not contribute to domestic national income to the equivalent extent (Kumar 1985, 384; see also Chaudhuri 1968). Again, this cannot be tested. [...] Fourth, while British officers serving India did receive salaries that were many times that of the average income in India, a paper using cross-country data shows that colonies with better paid officers were governed better (Jones 2013).
Indeed, drain theory rests on some very weak foundations. This, in of itself, should be enough to dismiss any of the other figures that get thrown out. Nonetheless, I felt it would be a useful exercise to continue exploring Patnaik's take on drain theory.
The East India Company from 1765 onwards allocated every year up to one-third of Indian budgetary revenues net of collection costs, to buy a large volume of goods for direct import into Britain, far in excess of that country’s own needs.
So what's going on here? Well Roy (2019) explains it better:
Colonial India ran an export surplus, which, together with foreign investment, was used to pay for services purchased from Britain. These payments included interest on public debt, salaries, and pensions paid to government offcers who had come from Britain, salaries of managers and engineers, guaranteed profts paid to railway companies, and repatriated business profts. How do we know that any of these payments involved paying too much? The answer is we do not.
So what was really happening is the government was paying its workers for services (as well as guaranteeing profits - to promote investment - something the GoI does today Dalal (2019), and promoting business in India), and those workers were remitting some of that money to Britain. This is hardly a drain (unless, of course, Indian diaspora around the world today are "draining" it). In some cases, the remittances would take the form of goods (as described) see Chaudhuri (1983):
It is obvious that these debit items were financed through the export surplus on merchandise account, and later, when railway construction started on a large scale in India, through capital import. Until 1833 the East India Company followed a cumbersome method in remitting the annual home charges. This was to purchase export commodities in India out of revenue, which were then shipped to London and the proceeds from their sale handed over to the home treasury.
While Roy's earlier point argues better paid officers governed better, it is honestly impossible to say what part of the repatriated export surplus was a drain, and what was not. However calling all of it a drain is definitely misguided.
It's worth noting that Patnaik seems to make no attempt to quantify the benefits of the Raj either, Dewey (2019)'s 2nd criticism:
she [Patnaik] consistently ignores research that would tend to cut the economic impact of the drain down to size, such as the work on the sources of investment during the industrial revolution (which shows that industrialisation was financed by the ploughed-back profits of industrialists) or the costs of empire school (which stresses the high price of imperial defence)

Since tropical goods were highly prized in other cold temperate countries which could never produce them, in effect these free goods represented international purchasing power for Britain which kept a part for its own use and re-exported the balance to other countries in Europe and North America against import of food grains, iron and other goods in which it was deficient.
Re-exports necessarily adds value to goods when the goods are processed and when the goods are transported. The country with the largest navy at the time would presumably be in very good stead to do the latter.
The British historians Phyllis Deane and WA Cole presented an incorrect estimate of Britain’s 18th-19th century trade volume, by leaving out re-exports completely. I found that by 1800 Britain’s total trade was 62% higher than their estimate, on applying the correct definition of trade including re-exports, that is used by the United Nations and by all other international organisations.
While interesting, and certainly expected for such an old book, re-exporting necessarily adds value to goods.
When the Crown took over from the Company, from 1861 a clever system was developed under which all of India’s financial gold and forex earnings from its fast-rising commodity export surplus with the world, was intercepted and appropriated by Britain. As before up to a third of India’s rising budgetary revenues was not spent domestically but was set aside as ‘expenditure abroad’.
So, what does this mean? Britain appropriated all of India's earnings, and then spent a third of it aboard? Not exactly. She is describing home charges see Roy (2019) again:
Some of the expenditures on defense and administration were made in sterling and went out of the country. This payment by the government was known as the Home Charges. For example, interest payment on loans raised to finance construction of railways and irrigation works, pensions paid to retired officers, and purchase of stores, were payments in sterling. [...] almost all money that the government paid abroad corresponded to the purchase of a service from abroad. [...] The balance of payments system that emerged after 1800 was based on standard business principles. India bought something and paid for it. State revenues were used to pay for wages of people hired abroad, pay for interest on loans raised abroad, and repatriation of profits on foreign investments coming into India. These were legitimate market transactions.
Indeed, if paying for what you buy is drain, then several billions of us are drained every day.
The Secretary of State for India in Council, based in London, invited foreign importers to deposit with him the payment (in gold, sterling and their own currencies) for their net imports from India, and these gold and forex payments disappeared into the yawning maw of the SoS’s account in the Bank of England.
It should be noted that India having two heads was beneficial, and encouraged investment per Roy (2019):
The fact that the India Office in London managed a part of the monetary system made India creditworthy, stabilized its currency, and encouraged foreign savers to put money into railways and private enterprise in India. Current research on the history of public debt shows that stable and large colonies found it easier to borrow abroad than independent economies because the investors trusted the guarantee of the colonist powers.

Against India’s net foreign earnings he issued bills, termed Council bills (CBs), to an equivalent rupee value. The rate (between gold-linked sterling and silver rupee) at which the bills were issued, was carefully adjusted to the last farthing, so that foreigners would never find it more profitable to ship financial gold as payment directly to Indians, compared to using the CB route. Foreign importers then sent the CBs by post or by telegraph to the export houses in India, that via the exchange banks were paid out of the budgeted provision of sums under ‘expenditure abroad’, and the exporters in turn paid the producers (peasants and artisans) from whom they sourced the goods.
Sunderland (2013) argues CBs had two main roles (and neither were part of a grand plot to keep gold out of India):
Council bills had two roles. They firstly promoted trade by handing the IO some control of the rate of exchange and allowing the exchange banks to remit funds to India and to hedge currency transaction risks. They also enabled the Indian government to transfer cash to England for the payment of its UK commitments.

The United Nations (1962) historical data for 1900 to 1960, show that for three decades up to 1928 (and very likely earlier too) India posted the second highest merchandise export surplus in the world, with USA in the first position. Not only were Indians deprived of every bit of the enormous international purchasing power they had earned over 175 years, even its rupee equivalent was not issued to them since not even the colonial government was credited with any part of India’s net gold and forex earnings against which it could issue rupees. The sleight-of-hand employed, namely ‘paying’ producers out of their own taxes, made India’s export surplus unrequited and constituted a tax-financed drain to the metropolis, as had been correctly pointed out by those highly insightful classical writers, Dadabhai Naoroji and RCDutt.
It doesn't appear that others appreciate their insight Roy (2019):
K. N. Chaudhuri rightly calls such practice ‘confused’ economics ‘coloured by political feelings’.

Surplus budgets to effect such heavy tax-financed transfers had a severe employment–reducing and income-deflating effect: mass consumption was squeezed in order to release export goods. Per capita annual foodgrains absorption in British India declined from 210 kg. during the period 1904-09, to 157 kg. during 1937-41, and to only 137 kg by 1946.
Dewey (1978) points out reliability issues with Indian agriculutural statistics, however this calorie decline persists to this day. Some of it is attributed to less food being consumed at home Smith (2015), a lower infectious disease burden Duh & Spears (2016) and diversified diets Vankatesh et al. (2016).
If even a part of its enormous foreign earnings had been credited to it and not entirely siphoned off, India could have imported modern technology to build up an industrial structure as Japan was doing.
This is, unfortunately, impossible to prove. Had the British not arrived in India, there is no clear indication that India would've united (this is arguably more plausible than the given counterfactual1). Had the British not arrived in India, there is no clear indication India would not have been nuked in WW2, much like Japan. Had the British not arrived in India, there is no clear indication India would not have been invaded by lizard people, much like Japan. The list continues eternally.
Nevertheless, I will charitably examine the given counterfactual anyway. Did pre-colonial India have industrial potential? The answer is a resounding no.
From Gupta (1980):
This article starts from the premise that while economic categories - the extent of commodity production, wage labour, monetarisation of the economy, etc - should be the basis for any analysis of the production relations of pre-British India, it is the nature of class struggles arising out of particular class alignments that finally gives the decisive twist to social change. Arguing on this premise, and analysing the available evidence, this article concludes that there was little potential for industrial revolution before the British arrived in India because, whatever might have been the character of economic categories of that period, the class relations had not sufficiently matured to develop productive forces and the required class struggle for a 'revolution' to take place.
A view echoed in Raychaudhuri (1983):
Yet all of this did not amount to an economic situation comparable to that of western Europe on the eve of the industrial revolution. Her technology - in agriculture as well as manufacturers - had by and large been stagnant for centuries. [...] The weakness of the Indian economy in the mid-eighteenth century, as compared to pre-industrial Europe was not simply a matter of technology and commercial and industrial organization. No scientific or geographical revolution formed part of the eighteenth-century Indian's historical experience. [...] Spontaneous movement towards industrialisation is unlikely in such a situation.
So now we've established India did not have industrial potential, was India similar to Japan just before the Meiji era? The answer, yet again, unsurprisingly, is no. Japan's economic situation was not comparable to India's, which allowed for Japan to finance its revolution. From Yasuba (1986):
All in all, the Japanese standard of living may not have been much below the English standard of living before industrialization, and both of them may have been considerably higher than the Indian standard of living. We can no longer say that Japan started from a pathetically low economic level and achieved a rapid or even "miraculous" economic growth. Japan's per capita income was almost as high as in Western Europe before industrialization, and it was possible for Japan to produce surplus in the Meiji Period to finance private and public capital formation.
The circumstances that led to Meiji Japan were extremely unique. See Tomlinson (1985):
Most modern comparisons between India and Japan, written by either Indianists or Japanese specialists, stress instead that industrial growth in Meiji Japan was the product of unique features that were not reproducible elsewhere. [...] it is undoubtably true that Japan's progress to industrialization has been unique and unrepeatable
So there you have it. Unsubstantiated statistical assumptions, calling any number you can a drain & assuming a counterfactual for no good reason gets you this $45 trillion number. Hopefully that's enough to bury it in the ground.
1. Several authors have affirmed that Indian identity is a colonial artefact. For example see Rajan 1969:
Perhaps the single greatest and most enduring impact of British rule over India is that it created an Indian nation, in the modern political sense. After centuries of rule by different dynasties overparts of the Indian sub-continent, and after about 100 years of British rule, Indians ceased to be merely Bengalis, Maharashtrians,or Tamils, linguistically and culturally.
or see Bryant 2000:
But then, it would be anachronistic to condemn eighteenth-century Indians, who served the British, as collaborators, when the notion of 'democratic' nationalism or of an Indian 'nation' did not then exist. [...] Indians who fought for them, differed from the Europeans in having a primary attachment to a non-belligerent religion, family and local chief, which was stronger than any identity they might have with a more remote prince or 'nation'.

Bibliography

Chakrabarti, Shubra & Patnaik, Utsa (2018). Agrarian and other histories: Essays for Binay Bhushan Chaudhuri. Colombia University Press
Hickel, Jason (2018). How the British stole $45 trillion from India. The Guardian
Bhuyan, Aroonim & Sharma, Krishan (2019). The Great Loot: How the British stole $45 trillion from India. Indiapost
Monbiot, George (2020). English Landowners have stolen our rights. It is time to reclaim them. The Guardian
Tsjeng, Zing (2020). How Britain Stole $45 trillion from India with trains | Empires of Dirt. Vice
Chaudhury, Dipanjan (2019). British looted $45 trillion from India in today’s value: Jaishankar. The Economic Times
Roy, Tirthankar (2019). How British rule changed India's economy: The Paradox of the Raj. Palgrave Macmillan
Patnaik, Utsa (2018). How the British impoverished India. Hindustan Times
Tuovila, Alicia (2019). Expenditure method. Investopedia
Dewey, Clive (2019). Changing the guard: The dissolution of the nationalist–Marxist orthodoxy in the agrarian and agricultural history of India. The Indian Economic & Social History Review
Chandra, Bipan et al. (1989). India's Struggle for Independence, 1857-1947. Penguin Books
Frankema, Ewout & Booth, Anne (2019). Fiscal Capacity and the Colonial State in Asia and Africa, c. 1850-1960. Cambridge University Press
Dalal, Sucheta (2019). IL&FS Controversy: Centre is Paying Up on Sovereign Guarantees to ADB, KfW for Group's Loan. TheWire
Chaudhuri, K.N. (1983). X - Foreign Trade and Balance of Payments (1757–1947). Cambridge University Press
Sunderland, David (2013). Financing the Raj: The City of London and Colonial India, 1858-1940. Boydell Press
Dewey, Clive (1978). Patwari and Chaukidar: Subordinate officials and the reliability of India’s agricultural statistics. Athlone Press
Smith, Lisa (2015). The great Indian calorie debate: Explaining rising undernourishment during India’s rapid economic growth. Food Policy
Duh, Josephine & Spears, Dean (2016). Health and Hunger: Disease, Energy Needs, and the Indian Calorie Consumption Puzzle. The Economic Journal
Vankatesh, P. et al. (2016). Relationship between Food Production and Consumption Diversity in India – Empirical Evidences from Cross Section Analysis. Agricultural Economics Research Review
Gupta, Shaibal (1980). Potential of Industrial Revolution in Pre-British India. Economic and Political Weekly
Raychaudhuri, Tapan (1983). I - The mid-eighteenth-century background. Cambridge University Press
Yasuba, Yasukichi (1986). Standard of Living in Japan Before Industrialization: From what Level did Japan Begin? A Comment. The Journal of Economic History
Tomblinson, B.R. (1985). Writing History Sideways: Lessons for Indian Economic Historians from Meiji Japan. Cambridge University Press
Rajan, M.S. (1969). The Impact of British Rule in India. Journal of Contemporary History
Bryant, G.J. (2000). Indigenous Mercenaries in the Service of European Imperialists: The Case of the Sepoys in the Early British Indian Army, 1750-1800. War in History
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King Bond Market Long $TLT, Bear Oil Fossil Fools and thus almost every sector ETF, selling a put of 5G companies

From the $BLK DD guy that rolled into $XLF last month. I am currently long $SLV, $GLD, $GDX, and $GDXJ with call spreads, shares, and just pruned $AMZN and $AAPL gains but keeping $ARKF, $ARKQ, and $ARKK (ETFs with $TSLA as the largest holding.)
Today, Friday's CNBC "Options Action" has just dangled calls on the $TLT, the ETF that tracks the 20+ year *BOND PRICES move inverse to yields and the Fed would not mind rates to hit 0% to spark inflation.* I concur with CNBC who suggested buying August dated call spreads on $TLT.
My $XLE long dated puts have been melting up. I am short every sector ETF but $IBB and $XLV. Be careful as these options are not as liquid as the $QQQ or $SPY but I cannot help that sectors are moving down when oil is down.
The VIX is holding steady, steady high. I am not hedging with the $VIX when stay home stonks work- the $VIX is broken imao so use $GLD, $SLV, and $TLT because bond rates are going to 0% (meaning the price goes up.)
I also concur with CNBC that options are the best way to play a market by reducing risk like selling a put. There are risky options, and very safe options if you can own 100 shares (the company could be $DTEGY Deutsche Telekom AKA T-Mobile/Sprint and the bringer of 5G eventually, pick your poison.)
I suggest selling a put for some good companies with solid balance sheets, 5G capabilities, and anything auto in the green space to get 100 shares of companies (see the next paragraph.)
My suggestions for getting 100 shares at a cheaper price would be Ericsson (trading under $10,) Dell or VMWare (you pick the one that matches your risk,) NIO (trading below $10), $NOK at $4 is interesting, and for big rollers Amazon (if you have the $ to own 100 shares at $2,500 or $250,000 or less, I would but that is for wsb) That is, if Amazon retests $2,500. I suggest 100 shares of $SHLL for YOLO if this bores you as this is the best $SPAC (but there is probably other ones because management is all you have with blank check companies.)
AFTER you own 100 shares of $AAL or $TSM or Dell or whatever, you can dump the 100 shares anytime. I suggest you keep them and sell options and join the theta gang. Why not get paid for owning your 100 shares of $TSM [Taiwan Semiconductor, the company onshoring manufacturing to America] you got at $45? $TSM August 21 $45p is $.35. If you had 100 shares of $TSM today, selling a $60c gives you $140 just for holding the shares until August 21st.
Bullish on onshoring green jobs because Trump leaving office is the biggest buy after the news ever. (Buy on the rumor sell on the news but in reverse because solar employs more than fossil fools in TX pre COVIDcession.)
For examples of selling a put: $AAL Nov 20th $2 puts are $0.14 (You are agreeing to buy 100 shares of $AAL at $2/share before or on November 20th, if you are not asked to buy $AAL you keep your $0.14 collateral and the full $14 credit.)
A shorter dated long put $AAL Aug 21st put is $0.09 ($9.) Or you could buy the death puts on $AAL but JPow exists, hence zombie companies, like Hertz, so that is just blowing money. $AAL has the highest %age interest on their debt and the CLOs (their bond insurance) were the highest, I have to check again ($AAL is the worst, but not as bad as $HTZ, a worthless zombie stock.)
*BOND prices move inverse to yields so going from 0.5% to 0% makes the price go up* Zombie companies with balance sheet nightmares is what keeps bond prices upper bound at 0.8 but lower bound is 0%.
Worthless zombie stocks include banks, fossil fools, and then by default industrials, and I hate to say that I am only long $XLK and thinking of $IBB. Every day that oil is not above $35 or in the green or both is a day stonks tank. Every stonk will fall after earnings. Short individual stonks going into earnings, wait- all stonks have cancelled earnings. See why I think maximum protection by not going long the VIX but long gold, silver, even transition phase metals, copper, and BONDS.
$NEM, $GLDI, $SLVP, $HL, $SAND, $SA, $GLTR, $PALL, $SPPP, $SSRM, $BTG , $PPLT, $PLTM, $NUGT, $BAR, $FNV all up today [I also have $GLNCY, $SBSW, and $PLG.] Why own these when you can just long $GDX and $GDXJ?
I do think rates will remain positive, until they are not positive anymore, AKA Japan and Europe :). What BOND fund would you long or short and why, besides $TLT? If a 100 year bond comes out, the interest rate will be 0% anyways in the long run, but we are dead in the long run, so long live bonds until we decarbonize the economy, tax the rich, and pigs fly (not happening fast enough.) Ray Dalio and many others have been harping about this, and a broken clock is right twice a day, or a bear is right when we are in a bear market with a broken VIX.
The bond market is king compared to the stonk market in sheer $. And ForEx trades trillions a day and is important (on days the $DXY, the basket of the dollar versus the globe) goes up $GLD should ease and is a time to buy the dip, and on days the $DXY goes down $GLD will gap up during this "bear oil/hospitality/planes" market.) When the $DXY goes down, it takes more dollars to buy the gold/silvecoppematerials, and $GLD rises and is very liquid for options. Thinking August to add to my Dec 31st $160c. That is, unless we are going to allow millions to go into poverty, so then just buy guns and physical gold and we can trade scraps of silver.
Fossil fools, the slow pace of massive renewable energy projects, and both candidates tripping overthemselves to be more anti-China during global warming and upcoming food inflation spell the need risk reduction (if you plan on holding equities please buy puts to hedge.)
TL;DR $TLT August call spreads, $TLT is the 20 year bond ETF. Pick companies you want to own 100 shares of by selling a put while long $GLD and long $SLV print money so holding the 100 shares prints money joining theta gang.
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CRYPTO GRANNY PREDICTS 2020 BOOM IN CRYPTOCURRENCIES & ALTCOINS

CRYPTO GRANNY PREDICTS 2020 BOOM IN CRYPTOCURRENCIES & ALTCOINS
[Australia] Cryptocurrency & Blockchain YouTube influencer popularly known as “Crypto Granny” within the community has predicted a 2020 boom in crypto & altcoin markets as global economies are in terminal decline.
Whilst the world is distracted with the global pandemic, governments are fighting the far greater threat of Economic Collapse that is largely unreported but imminent.
As people around the world from suffer from this virus they will soon realize that the real threat to their future is far greater than Covid-19 as their FIAT investments, savings and pensions lose their value quicker than rising inflation. “So we now see a rapid rising in food prices globally, living costs escalating out of control whilst on the other hand we are all losing our earning capability with much higher unemployment and substantially lower Economic Growth Environments where Government policies will be useless” stated Crypto Granny.
We are currently experiencing a coordinated push towards digital economies and negative interest rates spearheaded by Central Banks globally which will lead to catastrophic currency devaluations going forward, thus effecting household wealth negatively, whilst seeing a move to precious metals such as Gold and Silver to offset this effect.
Crypto Granny believes this will lead to a catalyst for Global flight to the safety of cryptocurrencies and altcoins during the coming months and years and a move from Fiat Investments that are liked to rising Government Debt and poor Government Economic ( Monetary and Fiscal) Policies.
Crypto Granny Susan Crew has a Major in Finance from the University of Queensland 1993-1997, Australia and has worked in Fixed Interest, Equities, Foreign Exchange & Cryptocurrency Markets with companies including Rim Securities, Investec, Citi Group and the Commonwealth Bank of Australia and she now provides cryptocurrency education at esoterictradingsolusions.com.au and through her popular YouTube & Patreon Channels.
#crypto #bitcoin #cryptocurrency #blockchain #btc #ethereum #forex #money #trading #bitcoinmining #bitcoinnews #cryptocurrencies #cryptotrading #bitcoins #cryptonews #investment #investing #entrepreneur #invest #business #litecoin #forextrader #eth #trader #bitcointrading #bitcoincash #bitcoinprice #forextrading #xrp #bhfyp
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Best Cryptos to Invest in the Year 2019

Looking back in recent history, it seems as though big investors and financial organizations are changing their attitudes towards Bitcoin and altcoins. The media coverage worldwide illuminated the vast returns being had in the cryptocurrency markets, with many coins up over 100x since their conception. This certainly has garnered the attention from both legacy and newcomer investors. Currently, everyone is waiting to see if cryptocurrencies can continue on their path to new all time highs.
2017 turned out to be a whirlwind year, with most cryptocurrencies soaring to new all time highs at the end of 2017 and early 2018. The media coverage of cryptocurrencies was nonstop, with news reports on financial programs almost daily. In addition, many movies and tv shows mentioned cryptocurrency, including the technology oriented show “Silicon Valley.” So far, 2018 has seen a vast pullback in the cryptocurrency markets. Many of the smaller altcoins are down over 90% with Bitcoin, the crypto leader, still being down over 60% from all time highs.
Even with the overall market pullback, many investors are still very bullish on cryptocurrencies going into 2019. Many big name institutions are jumping head first into crypto, with NYSE announcing a new crypto exchange, BAAKT. Also Fidelity has announced a crypto support platform for their customers. Even legendary Ivy league university Yale has announced a new 400 million dollar investment fund geared towards cryptocurrency.
With so much bullish news adding up rapidly, almost everyone seems to expect a very profitable year for crypto leading into 2019. While Bitcoin is still currently the market leader there are also some big name altcoins that expect 2019 to be a huge year for them.
The Altcoin Hierarchy
Before investing in the crypto market, let us go through the basic classes of cryptocurrencies that exist in the market. While every class has the potential to have impressive returns, some coins have more impressive use cases and concepts, In addition to more qualified and funded development teams. Simply put, not all altcoins were created the same.
The Penny Stocks of Crypto
These are the bottom tier altcoins that could possibly become worthless in the near future. They operate much like penny stocks, advertising big promises of ‘guaranteed gains’. Eventually, many fail to offer a fraction of their promised returns. One of the ways to identify these is to look at their team members, their past experiences, objectives of the project, probability of mass adoption, actual use of the coins and many more.
The reasons for their failure is usually because of unwillingness to work for the vision they once promised in the first place, bad wealth management, inclusion of scammers in their team, unrealistic expectation from the project and also making money via pump and dump schemes.
Some of these coins are Trumpcoin, Russia Coin and Verge.
Average Coins
According to the ‘coinmarketcap’ website, there are currently more than 2000 cryptocurrencies listed on their website. Among those, there are around 500 of them that can be considered in this ‘average’ category.
These are the coins that do have a purpose/objective to work on but fail to maintain a good development team. They and their coins don’t really have any kind of purpose in the crypto market and fail to finalize any kind of legitimate deals and partnerships with good investors. This makes their performance very limited as compared to other altcoins in the market.
Some of these coins are Deep Brain Chain, Funfair, Decred, Navcoin, Populous, Cryptonex.
Good Coins
There are around 500 of such good coins in the market that do offer a good objective for the project, a solid team with good experience to execute such tasks, a good marketing strategy to reach out to masses to share their ideas and quality contacts to make some good partnerships in the market.
The only reason why they are only classified as ‘good coins’ is due to the lack of uniqueness that the other ‘very good coins’ offer. They don’t really have that ‘point of parity’ in their project/product that separates them from their counterparts.
Some of these coins are NEM, Stratis, Monero, and BAT.
Very Good Coins
There are around 100 such ‘very good coins’ in the market. Their objectives are well defined with a solid team to execute their tasks perfectly. Along with that, their marketing teams are also well-qualified to make their ideas reach to the masses. Because of such a wonderful blend, they are able to make better and strong partnerships with a number of good companies.
What separates them from the ‘Good Coins’ category is their USPs (Unique Selling Points). They are unique in what they do and that’s what makes the difference.
Such coins are NEO, Stellar, Cardano, Ripple
Top Tier Cryptocurrencies
These are the top tier coins that provide the best functionalities. They have real-world usage, objectives to solve a real-world problem, strong fundamental teams to execute the mission of the project, marketing teams to spread the ‘idea’ and collaboration with a number of media channels to gain early investors.
Also, due to a good PR team, they are able to make a very strong partnership with a lot of Fortune 500 companies that give them an extra edge over rest of the projects in the market.
Some of these coins are VeChain, Ethereum, Bitcoin, IOTA, Icon, EOS, Kinesis.
Promising Projects Going Into the New Year
With more than 2000 cryptocurrencies out there in the crypto market, only a couple 100 of them qualify to be a top tier investment. It can be quite the challenge to find a worthy project among the thousands of choices. These next projects are some that show a lot of promise heading into 2019.
Always remember the 3’S’ of the investment – Sane, Smart and Sensible. An investor who is sane, smart and sensible will always look into the facts before he invests in any business or project.
Kinesis
This is one of the most promising upcoming projects in crypto. The broad overview of the coin is to offer an alternate and better evolutionary step beyond the basic monetary and banking system available today.
In short, it is a cryptocurrency that is backed by precious metals like gold and silver. According to the CEO of the company, Thomas Coughlin, the Kinesis coin is basically divisible units of allocated gold and silver which you can use as a currency.
There will be two stable Kinesis coins in the market backed by Gold and Silver. The stable Kinesis coins backed by Gold will be tagged as KAU and the stable Kinesis coins backed by Silver will be tagged as KAG.
These stablecoins backed by the precious metals like Gold and Silver are real game changers as these 2 precious metals are definable stores of value for use in trade and investment in the real-world economies.
The Kinesis coin is based on the Bespoke Blockchain Technology, a blockchain network forked off from the Stellar Blockchain Technology in order to suit the requirements of the Kinesis coin.
The cryptocurrency project is headed by Thomas Coughlin who is also the CEO of the Kinesis company. He has 15 years experience in the investment, funds management and capital markets. Before being the CEO of the Kinesis company, he held similar positions for the Bullion Capital and TRAC Financial Group as well.
Apart from Thomas Coughlin, there are other great members in the team as well. Their team consists of people like:
Michael Coughlin, Chief Financial Officer, having 41 years experience as a CPA in the accountancy and financial services professions.
Eric Maine, Chief Strategy Officer, having more than 30 years experience in Senior Management in the exchange and financial markets.
Ryan Case, Head of Sales & Trading in Kinesis, having extensive experience as Head of sales trading & partnership and also valuable experience in commodity, cryptocurrency, forex and derivative markets.
Jai Bifulco, Chief Marketing Officer, having a full-fledged 12 years of experience in award-winning full-stack marketer in Finance. He previously held roles of directors in multiple brokerages, consulting and Fintech sectors.
There are more than 30 different team members in this project spanning their roles from The Executive Committee to the Advisory Board to the Operations and Development team.
The coins are very limited in number as compared to other cryptocurrencies where the softcap is limited to just 15,000 KVT coins and HardCap is limited to 300,000 KVT coins. Minimum token that one can buy is set to 1 KVT which is equal to $1000.
So far, more than 57,000 KVT tokens have been sold which roughly equals to a whopping sum of $57 Million. With such a huge investment already deployed for the development of the project, there are still 30 more days left for the ICO sale period to end.
Also, apart from the investments gained, the Kinesis cryptocurrency is also focusing much on the partnerships with the top companies in the industry. These include companies like ABX (Allocated Bullion Exchange), MLG (Blockchain Consulting), Sigma Prime, Etherlabs and Fine Metal Asia Limited.
This cryptocurrency is certainly the one to watch out for in 2019.
VeChain
Broad Overview – In simple layman terminology, Vechain is a supply chain protocol to track logistics inventory. It has successfully implemented blockchain technology in various sectors like agriculture and industries like luxury goods and liquor.
They basically strive to solve real-life problems by providing solutions in various industries like:
Logistics: In this sector, VeChain implements the blockchain technology to improve the flow of information from one department to another by breaking silos yet maintaining the data privacy of every department. Government: There are more than 111 VeChain nodes deployed worldwide. The municipal governments participate in the VeChain blockchain network as nodes. The VeChain blockchain network offers decentralization and immunity against the data hacking that allows room for transparent information exchange. This indeed improves the efficiency of the municipal governments. The technologies used to track the logistics are:
Assigning digital identities to physical stocks that can be stored on the VeChain blockchain network Usage of RFID (Radio Frequency Identification) NFC (Near Field Communication) Proof Of Authority Consensus In-House Temperature Controlled Tracking Quick Response Codes (QR Codes) The future potential of the VeChain cryptocurrency looks quite promising as the coin is signing new partnerships every month or so. Some of its partners are PricewaterhouseCoopers, DNV GL, Renault Group, KUEHNE + NAGEL, D.I.G, China Unicom and the State Tobacco Monopoly Administration of China.
Every single company with whom VeChain partnered has millions of customers that will use the VeChain technology embedded in their system. This makes the coin solve real-life problems and have mass adoption.
VeChain indeed makes a big difference in the logistics business. However, given the kind of turmoil that the entire cryptomarket is facing where the total market capitalization has fallen from $800 Billion to just around $200 Billion, no one can give any kind of assurance on the returns in your investment in the crypto assets. However, stablecoins like Kinesis has a reward yield system that incentivizes its investors for holding, depositing and also referring new users. Hence, the investors always stay on the benefit side even if the market collapses for a short duration.
IOTA
In simple terms, IOTA is a cryptocurrency which is designed for the Internet of Things. The cryptocurrency was developed to root a new direction to IoT by establishing a standardization called, ‘Ledger of Everything’ which means that the data exchange between sensor-equipped machines would be enabled to populate IoT.
IOTA has the potential to make transactions easy. A basic use case of IOTA can be seen in IOTA enabled vending machines. These machines can dispense the items without involving the associated transaction costs. Some other use cases of IOTA are Reddit Chains etc.
Technology Behind IOTA Surprisingly, IOTA does not use the traditional Blockchain technology for its design and development. In fact, a new platform called ‘Tangle Technology’ is being used for IOTA to operate on. The Tangle Technology deploys a mathematical concept called Directed Acyclic Graphs (DAG) which resolves both the scalability and transaction fees issues which we face in blockchain based cryptocurrencies.
In IOTA, for a transaction to be valid, each node present in DAG Tangle must approve the previous two transactions occurring at the other node. And adding to a note, this process removes the chances of mining and makes the system fully decentralized.
Future Potential Keeping in mind the remarkable result of IOTA, there exists a promising scope for it in the near future in various applications and platforms. IOTA would be standing tall and different in the future world full of cryptocurrencies vulnerable to quantum computers. IOTA has a lot of companies that it is working with. Some of them include Bosch, Volkswagen,Fujitsu, Accenture, Poyry and many more.
When viewed from a macro perspective, so far IOTA looks to be fee-less, scalable and fast which makes it next to perfect. However, if you own IOTA, the chances of you liquidating it into fiat currency via a ‘debit card’ and buying something from a grocery store is quite low. In order to fill this gap of actually buying something from the street market and becoming the global currency, Kinesis has introduced its Kinesis Debit Cards that enables the Kinesis token holders to exchange their tokens against FIAT currency and simultaneously buy products from a grocery shop, something which IOTA fails to offer.
ICON ICX
Broad Overview: ICON is a South Korean based company that develops blockchain technology and accompanies the cryptocurrency called ‘ICX’. ICON is a network framework which has been designed to allow independent blockchains to interact with each other. It allows interconnected blockchain networks to participate in a decentralized system which converges at a central point.
Technology: ICX token is built on the Ethereum blockchain network. ICON has developed a loop-chain platform that connects different blockchain communities through the ICON Republic which serves as the governing head for the Federation of other independent blockchain bodies.
All the communities are linked to Republic through C-Reps (Community Representatives) which then connects to Nexus. C-Reps functions as the portals to the communities to establish a connection with Nexus. And this way the entire procedure is carried out.
Future Scope: It is believed that ICON has plans to provide platforms to financial, security, insurance, healthcare, educational industries which can help them to carry transactions on a single network. Thus, ICON (ICX) can be seen having a good time in the coming days.
Also, it has been successful in signing a partnership deal with the tech-giant Samsung where it will be using ICON’s own Chain ID for a new Samsung project called ‘Samsung Pass’. Apart from Samsung, ICON has also signed deals with PORTAL NETWORK & W Foundation.
However, it is notable that ICON is built on the Ethereum network and is an ERC20 token. Hence, the transaction speed greatly depends on the Ethereum network. Currently, Ethereum can execute 15 transactions per second which is quite low in terms of what ICON (ICX) is currently aiming for. However, to fill this gap, we have Kinesis Bespoke Technology that offers a whopping speed of 3000 transactions per second. This lightning fast speed keeps the Kinesis token way ahead than ICX token.
Enjin
Broad Overview The native cryptocurrency of the Enjin Network, the Enjin Coin (popularly known as only ENJ) follows the ERC20 token standard and is used with a smart contract-based blockchain platform. Its typical users include content creators, game developers, and other members of the gaming community, who need to use virtual tokens to manage and trade virtual goods in the gaming world.
Technology behind Enjin As an ERC20-compliant token, the ENJ functions in accordance with the rules an Ethereum contract has to implement. It is used on a dedicated platform that is designed to support open-source software development kits (SDKs), applications, plug-ins, and payment gateways. As for its users, they will be able to efficiently participate in developing, launching, managing, and trade content and game-related products on the Enjin Network, without having to deal with the technical complexities.
Summary of Potential The ENJ is expected to solve some performance issues in using similar cryptocurrencies on the market today, including payment frauds where goods are not actually delivered, slow transaction processes, lack of ownership of virtual goods, lack of transaction standards, and centralization problems.
According to its creators, the ENJ coin, which is based on a blockchain, will create a distributed, trustworthy, and secure framework where transactions can be executed smoothly and quickly with minimal transaction fees. Its autonomous and decentralized system will ensure that all offers and deals will be honored.
Conclusion Generally speaking, the Enjin Coin is good. It helps bring the benefits of blockchain to millions of people participating in the virtual goods market. Its creators are working hard to prevent fraud in the gaming world.
However, it is still a relatively new project. As such, it is still volatile. This means that you still have to take utmost care and be wise when using it.
EOS
Broad Overview EOS is considered by many people who are participating in the virtual goods market as one of the best cryptocurrencies to use, supported by a powerful infrastructure for decentralized applications. Basically, the EOS blockchain is used for the development, execution, and hosting of decentralized applications (dApps) that are traded virtually.
Technology behind EOS The EOS system is composed of two key components, which are the EOS.IO and the EOS token. As for the former, it functions like a computer’s operating system in managing and controlling the EOS blockchain, with the use of an architecture that enables horizontal and vertical dApps. As for the latter, it is held (instead of spent) by the users to be able to become eligible of building, running, and trading apps, as well as using EOS network resources.
While EOS still does not have an official full form, it supports all core functionalities to allow individuals and businesses to create and trade blockchain-based apps.
It also runs on a web toolkit for interface development, just like Apple’s App Store and Google Play Store.
Summary of Potential While there are already a lot of cryptocurrencies based on Ethereum similar to it, the EOS system focuses on the critical and problematic points of the blockchain. Specifically, it attempts to solve the problems of scalability, speed, and flexibility that often cause transaction processes to slow down, which is a common issue in blockchain-based systems.
According to its creators, EOS.IO could also address other problems that come with the ever-increasing size of the dApps ecosystem, such as limited availability of resources, constrained networks, spamming, false transactions, and limited computing power.
It is said to be able to support thousands of commercial-scale dApps without hitting performance bottlenecks by using asynchronous communication methodologies and parallel execution across its network.
Conclusion The EOS system is very advanced. It is designed to address common problems with standard blockchain-based networks. But like other new cryptocurrency platforms on the virtual market today, it still has some weak points to improve. Also, there is again the exposure to volatility, as users hold the tokens to be eligible to trade virtually.
Nebulas
Broad overview Nebulas (NAS) is a new generation blockchain and is open for public collaborations for decentralized application (dApp) development. Its adaptability and scalability are the two characteristics that could propel NAS to be one of the top cryptocurrencies, thus giving it enough leverage to compete in the market.
Technology behind Nebulas Nebulas is the first crypto running on a 3rd generation blockchain, thus making it the dominant player of the new platform. This makes Nebulas highly flexible and scalable, even giving a good leverage in future-proofing their code. That could help avoid hard forking whenever some issues come up during scaling processes.
Summary of potential Adaptability, scalability and search-ability are three of the biggest potential NAS has to offer. With the 3rd generation blockchain it uses, it can allow the adaption of other codes based from Nebulas. This means that other cryptos can adapt to its platform soon enough.
Moreover, it can also act as a blockchain search engine. This can let users search particular blockchains based on efficiency and community strength.
Finally, its goal to provide fair incentives to Decentralized Application (dApp) developers is something that collaborators could expect. This means that more developers are expected to come, thus strengthening NAS even further.
Conclusion Nebulas (NAS) is a promising crypto especially with its adaptability, scalability and search-ability potentials. It can help with the fluidity of crypto into this new generation platform. However, it still lacks the value stability that Kinesis or stablecoins hold. NAS is still unpredictable, unlike Kinesis that backs it value with real gold.
Sky
Broad overview SkyCoin is a full environment system of blockchain technology, and has the goal of endorsing the actual usage of cryptocurrency.
Technology behind Sky Sky has its own algorithm, the Obelisk, which uses the web of trust dynamics to spread influence all throughout the network to come up with a consensus decision. The consensus decision depends on each node, by valuing its influence score. The influence score of each node is determined by the number of network nodes connected to it. This depicts the importance of the node to the network.
Aside from the Obelisk, Sky also operates its own cryptocurrency which is SkyCoin, its own ICO platform Fiber, a decentralized social media platform called BBS, and a decentralized messenger called Sky-Messenger.
Summary of potential Sky focuses its potential on being a full ecosystem of blockchain technology that encourages actual usage of crypto. Through its unique algorithm which is the Obelisk and some other dApps associated with it, Sky is a promising crypto technology and could be considered as the most complete one as of today.
Conclusion Sky, SkyCoin and the Obelisk is definitely a massive platform that could be considered as a full ecosystem of crypto and its related technology. Nonetheless, the SkyCoin depends its value on node influence scores, which could change from time to time as well. This makes Kinesis and Stablecoins still a better choice, especially for investors who want clear investments without hassle.
Crypto Predictions for 2019
While 2017 had the masses captivated and investing large amounts of capital, 2018 has seen price drops and sagging hopes. While the returns in 2017 exceeded anyone’s expectations, a strong pullback was predicted by many. Whether or not this bear market continues from here is the real question many investors face today.
Bitcoin’s rapid rise and fall exposed many problems, and the developers of the top cryptocurrencies in 2019 took note. When considering your crypto investments for 2019, factor in the following trends we predict will influence investments:
More Pullbacks According to the CEO of Vellum Capital, Eric Kovalak, the price of cryptos will reach new lows before they will rebound to new heights. This includes the biggest cryptocurrencies in the market, including Bitcoin. Kovalak believes that it will be priced below $3,500 before it will find its way back up. However, there are many mixed opinions on the current price of BTC, with some arguing the bottom for the crypto markets have already been seen.
Due to Bitcoin-based remittances, uncertainty in global economies like Asia, Turkey and Venezuela, and mobile penetration, there will be a surge in interest and the price of the digital currency.
A Flood of Institutional Investors
Institutional investors have been waiting on the sideline for the ETF to rule in favor of Bitcoin. According to Mike Novogratz, CEO of Galaxy Capital, once the ETF arrives, “institutional fomo’ will start flooding the market.”
Another factor is Kinesis, the investment blockchain that provides investors with a safe and reliable alternative. Pegged against precious metals, it provides protection against volatility that may be caused by political instability.
The Kinesis Monetary System lets you own real gold or silver when you purchase the digital currency. Your ownership is then digitized and then made available for spending, trading, and transfer. What is even better, the monetary system can be used internationally, ensuring reliability of money around the world.
With the recent crisis around the Turkish Lira, the price of gold has significantly increased.
Mass adoption of crypto by consumers In January 2019, blockchain technology will be 10 years old. It remains a speculative investment to this day but 2019 could be the year of mass adoption for digital currencies.
For this to happen, however, there has to be some triggers.
Speculation should become a real utility. People must use blockchain projects in everyday life so they will gain widespread use. Decentralized applications (DApps) must gain mainstream status to promote widespread adoption of cryptocurrencies. Improved payment processing, addressing the issue on the current situation of slow transaction times and high transaction fees. Scalability of blockchain technology with little to no impact on its efficiency. To date, slow transaction times are due to the growing number of users and transaction sizes. This calls for blockchain to grow and have the ability to compete with Mastercard, PayPal, or Visa. Introduction of off-chain solutions that allow users to complete a transaction through peer-to-peer payment channel instead of within the blockchain. This will address slow transaction times. Security will be provided by the parent blockchain. Gold Is Still The Standard Despite the promises and unique functions of many cryptocurrencies, there is still uncertainty in these new markets.
Gold has remained the best form of investment throughout history, and the best store of value, especially through times of crisis in politics and economies.
Kinesis pegs its value to gold which has proven to be the safest investment in history. Therefore Kinesis stands to gain from the stability gold offers while simultaneously fusing it with the unique features of this cutting edge crypto technology.
With the Kinesis Monetary System, investing in gold is no longer the slow process that many older investors are used to. This cryptocurrency is backed by gold and silver and supports precious metals trade.
It has three essential assets.
Tokens that represent an investors ownership of gold and silver. The inherited system where performance is done. Complete blockchain security that supports investments and paves the way for the creation of new assets protected in a banking system. Most importantly, the Kinesis Monetary System allows thousands of transactions to be completed per second in a completely secure channel.
The Near Future
Even a decade later, cryptocurrencies are still very much in their infancy. At this time, no one is sure what shape this growing sector will take in the future. Many cryptocurrencies will come and go but the ones that show the most promise, that fulfill their use cases, will stick around for the long term. With any emerging technology, we have to watch how it evolves and how it merges with our everyday life, changing the way we interact with everything around us.
submitted by National_Association to CryptoMarkets [link] [comments]

The Digital Asset Age

The Digital Asset Age

https://preview.redd.it/xin653jikg931.png?width=948&format=png&auto=webp&s=3f09ba8c514126895763279180a54467f25f3291


Bitcoin has been the best performing asset class over 10 years of any asset in history of humanity. PERIOD.

This chart shows gains over different time periods.

*Note that it does not include the first 2 years of Bitcoin when price was $.003 which would put it at 433,000,000% gain.

It is currently at approximately 200 Billion market cap, and I believe it still has another 100-1000x gain over next 20-30 years which would put it between 20 Trillion to 200 Trillion. For perspective Gold is currently around 7.8 Trillion - Probably closer to double this if you include gold not publicly accounted for, as many think China and Russia have much more gold than they say.

Where I get my estimate:

*Bitcoin is superior to Gold in almost every way. I'd put it at 2-3 times better than gold in terms of value and usability.It is:*More Transportable and portable both (Sending, and carrying)*More divisible, into 1/100,000,000th of a Bitcoin*More Secure if store properly - See brain wallet or paper wallet*Scarce - It has finite supply, gold, while more scarce than most other asset classes, and the 2nd hardest money behind Bitcoin... is not finite, with massive stores in the earth, some being found in the ocean now, and in the future on asteroids and other planets, not to mention that it is possible to create gold in a lab, but not cost effective... yet.*Is not used in commerce, and this is debatable, but the perfect form of money should not be influenced by the demand of the commodity in industry. I forget the economist who stated this long before Bitcoin was created, anyone remember? Maybe Friedrich Hayek or Milton Friedman?
That alone gets us to 20 Trillion. Especially over a 20-30 year timeline, as Gold would likely have been probably 50 Trillion by then just by normal increase in world assets proportionally (If Bitcoin had not come along to disrupt).

Additionally to gold, Bitcoin disrupts the following industries and asset classes:

*The worlds currencies M0, M1, M2, M3
*Stolen value through inflation, the hidden tax
*Securities markets - Stock speculation
*Treasury bonds*Other precious metals - Silver, Platinum etc
*Other safe haven assets and hedges
*Payment systems like Venmo, Paypal, Visa, Mastercard
*Remittance systems like Moneygram & Western Union
*Bank Values which are in the double digit trillions
*Storage Vaults and security services like storage of gold, cash
*Currency exchanges like Forex and physical kiosks
*Money changers who move money in and out of countries with currency controls*Transportation services like Brinks
*All of the associated services that go into maintaining the employees of all of the above services... The cost of employment, living expenses, insurances, transportation to buildings, and all of the carbon footprint that goes with all of that.
*The list goes on and on

These are all industries that were needed before, but are no longer needed and will provide a HUGE boost in efficiency and prosperity across all individuals who decide to adopt the new system. All of that wasted inflation and value will now be given to all in the way of lowered costs of doing business and transacting, and no more stolen inflation funds. Not to mention that you can't put a price on Censorship resistance, privacy, and freedom.

What will you do? Will you cling to the old system, or follow the smart money into The Digital Asset Age? (Name of the book I'm writing)
submitted by CryptoRocky to Bitcoin [link] [comments]

WaykiChain/WICC- Helpful Information to Get Started

WaykiChain/WICC- Helpful Information to Get Started
Welcome to WICCProject!
To follow WaykiChain's channels, please check the link under the comment with silver badge.

Catalogue

1. What Is WaykiChain?
2. Where is WaykiChain heading?
3. WaykiChain’s Technology
4. How does WaykiChain work?
5. WaykiChain’s Applications &Dapps
6. What is WICC? How to Buy WICC?
7. What is the use of WICC?
8. What are WaykiChain's advantages as a public chain 3.0?
9. FAQ
10. Contents Expected to Read About WaykiChain

1. What Is WaykiChain?
Born in Jan. 2017, Waykichain is a 3rd generation public chain with DPoS consensus mechanism. The transaction speed can keep above 1000 TPS in actual use. WaykiBet1.0, build on WaykiChain and launched in May 13, 2018 is the first ever prediction DApp based on public chain with over 130,000 downloads. The DApp has now been updated to V2.5.
WaykiChain as a team focuses on blockchain technology development and community related operations. We are committed to building a decentralized, community self-governance big platform and big ecosystem, and we are moving toward it with nearly 1 million community members.

2. Where is WaykiChain Heading?
The future of WaykiChain is a big community-driven public chain ecosystem. WaykiChain aims to build a decentralized application platform that can provide users with complete blockchain-powered smart contract system. Anyone can realize their business ideas on WaykiChain and develop their own DApp, and build their own brands.
WaykiChain takes decentralized prediction, assets trading and forex trading as entry points to expand markets in the early stage. After accumulating plenty of application users and developers, WaykiChain will gradually perfect its upper blockchain applications.
Currently, WaykiChain tech team is focusing on underlying public chain development. WaykiChain will provide friendly development environment to developers with sufficient development templates an interfaces. Besides, WaykiChain team plans to take a part of WICC as reward those developers who have made important contributions to the community. WaykiChain is committed to building an underlying technology platform that truly integrates blockchain application and real business. Along with its development, WaykiChain will gradually grow into a big ecosystem with totally decentralized operations, and brings the convenience of blockchain to every user.

3. WaykiChain’s Technology
  • High Performance and Expandability
WaykiChain is a public blockchain with high concurrent processing capability and generates a new block at a fixed interval of 10 seconds. Through rigorous engineering tests, the average transaction throughput is verified as 1000+ TPS for coin transfer transactions and 100+ TPS for smart contract based transactions.

  • Consensus Mechanism
WaykiChain adopts Delegated Proof of Stake (DPoS) as the blockchain consensus mechanism since it is most energy efficient, offering high transaction throughput while maintaining a certain level of community driven decentralization.
There are in total 11 ledger nodes (i.e. block producers), responsible for validating and packing all network submitted transactions into blocks. During block creation, a ledger node collects reward tokens that are carried within each transaction. The 11 ledeger nodes take turns in block creation by the time interval of 10 seconds and the sequence of whom to do block creation at a specific time slot is randomized to avoid prediction by external observers.
The overall network could experience infrequent hard forks due to network or ledger node performance instability. However, the robust consensus algorithm allows a quick recovery from one or several hard forks by resorting to a unified single longest fork and the network will thence stabilize and perform steadily again.

  • Vote Mechanism
The 11 ledger nodes are elected through a never-ending voting process. Individual coin holders can cast their votes to the candidate ledger nodes. Each vote can be cast for up to 11 candidate ledger nodes. By so doing, the amout of WICC coins which is equal to the the amount of votes will be locked into the network, similar to bank saving activities. By the next voting events (i.e. increase or decrease the votes, vote for new candiates) a certain amount of interest coins will be newly generated and released to the person who previously cast votes to the candidates. The interest rate plan goes as follows: the first year’s interest rate is 5%, it will decrease by 1% annually in following years. Once it reaches 1% as the interest rate, it will stablize as 1% for all the subsequent years.
The top 11 candidates who recieved the top most votes cast by community coin holders automatically becomes the ledger nodes and take turns with certain randomness by a random perturbation algorithm to do the block creation by validing and packing the transactions into a new block.
  • Technology Architecture of WaykiChain Ecosystem
WaykiChain aims to develop its underlying public chain technology into a big ecosystem, so that numerous industries can build their own applications and services based on WaykiChain public chain. WaykiChain has set up the following technology architecture, as shown in the image below
https://preview.redd.it/lcj249b8qr621.png?width=1219&format=png&auto=webp&s=0f6506ba2f57d0b32291c0ba741895a4ddaca735
WaykiChain core technology team is committed to providing the develop-friendly interfaces of each layer and improving the technical documentation to help the community better build the ecosystem.
  • Smart Contracts
WaykiChain's smart contracts are written in Lua scripts and processed within Lua Virtual Machine engine. Lua's various libraries are built in for developers to leverage. Due to the openess and compleness of Lua script and its liabrary provided in WaykiChain software, developers can build many forms of appliations that meet the requirements of Turing-complete computing scenarios. Lua scripting is relatively simple and requires no pre-compilation, and is thus also easier to deploy compared to other smart contract implmentation.

4. How Does WaykiChain Work?
WaykiChain uses a DPoS consensus mechanism with eleven accounting nodes. The annual rate of return is 5% for the first year, with a 1% increase with every year that goes by. Each time a block is created, an accounting node is randomly associated. The accounting node gains all of the transaction fees in its accounting block. Users can earn interest by locking WaykiChain coins. The interest is automatically determined each time the votes for the corresponding user account change.
The terms of betting are triggered by the initiator through smart contract transactions. Users can initiate various betting contract transactions, all of which can be searched and identified in the block browsers. When the betting is over, the bet initiation will publish the final results and the gaining will be then shared accordingly. In short, the betting revenue is automatically issued to the user’s wallet after the betting results are displayed.
The smart contract provided by the platform makes it possible for asset initiations to create dividend sharing rules. These rules are only triggered by various conditions. Hence, the final price of the assets in circulation will be determined by the market’s behavior towards the object in the transaction.

5. WaykiChain’s Applications &Dapps
  • Token System
Waykichain Token, WICC is a token only used and circulated in WaykiChain Wallet on our DApps. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC Lock Revenue Sharing Plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. This means WICC will be listed on lots of exchanges and traded with other cryptocurrencies, thus WICC also has trade value.

  • Decentralized App- WaykiBet
BACKGROUND- The first smart contract based application delivered by WaykiChain’s team is the WaykiChain decentralized betting application. In this application, the smart contract will assign a time duration in which the user can engage in the betting process. All the conditions related to betting will be given. When a bet is finished, the contract will release the results. The smart contract will then reward the winners.
This DApp was launched in May 2018, attracting over 130,000 users to download and bet and has been upgraded to V2.1 ever since. The latest product WaykiBet DApp V2.5 is planned to launch in November along with a new WaykiChain wallet.
INTRODUCTION- WaykiBet is a DApp developed on WaykiChain that allows strangers to build betting transactions without a trust base. WaykiBet has lowered the barriers for users by using smart contracts to deliver payout automatically, and recording transactions on blockchain with zero handling fee, providing users the best and fairest betting experience.
Everyone Can Build a Bet
More flexible: With smart contract, WaykiBet works like a betting contract exchange and everyone can build their own bets.
Fixed Odds
More interesting: Effectively avoid the fluctuations brought by floating odds in some less popular games.
Betting with Odds Ranking
More intense: Betting builders compete via odds ranking, and users can freely choose odds.
Smart Contract to Deliver Payout
More fairness: Winning of a bet will automatically trigger the blockchain smart contract to deliver the payout, without manual participation in the whole process.
Betting Records on Blockchain
More transparent: All betting transactions are recorded on blockchain and can be traced by everyone, which is totally open and transparent.

  • Decentralized App- WaykiTimes
The new WaykiChain wallet, named as WaykiTimes, will retain the original wallet functions, such as Lock Revenue Sharing and node voting. In addition, WaykiTimes is mainly designed for WaykiChain and cryptocurrency investors, developers and business partners. In addition to its wallet function, WaykiTimes has also added news and community modules. WaykiTimes is the one and only official platform for you to get thorough information of WaykiChain project. In WaykiTimes, you can easily get to know the latest WaykiChain updates, freely post and comment in community, and discuss hot topics with other crypto enthusiasts. At the same time, WaykiTimes also has WICC transfer and lock functions.

  • WaykiChain Block Explorer
WaykiChain official block explorer is a data display system for WaykiChian applications, which displays the WICC transfer and transaction records, account balances, prediction games transactions, and payout results according to application data on the blockchain. All data is open and transparent and inherently irreversible.

6. What is WICC? How to Buy WICC?
WICC is the token launched by WaykiChain. In order to buy WaykiChain (WICC), we recommend you to buy some BTC or ETH (the highest volume trading pairs) from an exchange that accepts them. Then, you will have to find a marketplace that sells WICC in exchange for the aforementioned cryptocurrencies. We recommend you to buy WICC at AEX or Huobi Exchange (AEX and Huobi has already supported WICC mainnet migration). For more information on this matter, you can visit CoinMarketCap.
When it comes to storing your WICC coins, it’s recommended that you use the wallet function on WaykiTimes V2.0 or WaykiBetV2.5. By consuming the tokens, you can also use various applications on WaykiChain.

7. What is the use of WICC?
WICC is a token used and circulated in WaykiChain Wallet on our DApps. WICC itself does not have any FIAT characteristics. By consuming WICC as a kind of fuel, users can use applications on WaykiChain; by locking their WICC for a certain period of time, users can share the revenue from WICC lock plan; and by voting for effective and stable accounting nodes, users can earn related interest. WICC can be obtained by participating in the lock plan, by accounting, voting, and subscription, or by trading with other holders. WICC has been listed on over 100 exchanges and trading with other cryptocurrencies for almost 1 year, thus WICC also has trade value.

8. What are WaykiChain's advantages as a public chain 3.0?
The first one would be the low entry barrier to our eco-system. For developers or Dapp operators they do not need to develop from the chain directly, instead, they only need to develop from the template we published. Even if you are not able to find a team of developers who understand blockchain, you can still deploy the Dapp and run it to make profit. And Waykichain will benefit from all transactions happened since you made this chain active.
The second advantage is the product it-self. WaykiBet2.5 is user-friendly to those who do not understand crypto-currency or blockchain technology.
In WaykiBet, we initiate a stablecoin using the mechanism like BitShare. The Dapp runners or some acceptance dealer need to pledge some WICC to the smart contract and get stablecoin. By doing this, users can directly buy the stable coin in the Dapp with fiat money, instead of going to the crypto exchange.
Moreover, WaykiChain designed a mix of centralized and de-centralized technical structure. By doing this, users don’t need to pay for the gas but the smart contract owner. Moreover, the performance of the entire system can be improved without losing the public creditability. The whole process, being centralized and recorded, can be verified and tracked. Theoretically, this mixed-structure can afford more parrelled transactions at the same time than all other decentralized system.

9. FAQ
  • What is WaykiChain decentralized betting application?
WaykiChain decentralized betting application is the first smart contract application launched by WaykiChain team. Each betting is triggered by the application developer via a smart contract. During the period specified in the contract, the users can initiate betting transaction, and all betting records can be traced on the blockchain browser and can never be tampered with. The smart contract will automatically reward the winners based on the final result. WaykiChain will use smart contract to automatically execute the game rule on its public chain. Instead of relying on trust between people, WaykiChain betting application adopts trust among machines to save credit costs, and guarantees full compliance with the rules setting. Besides WaykiChain Official, the developers of the decentralized applications can be any other third-parties. WaykiChain welcomes all developers to join.

  • What is WaykiChain Address?
WaykiChain address is a 34-bit string consisting of English letters and numbers that may look like digital gibberish. My WaykiChain address WXv6xP8yVW4PkZ3DPvxqfBtfz7Bof1RJHm, as an example, looks like this. All transfer records for each WaykiChain address can be found through the blockchain explorer. The address is a personal WaykiChain account like your bank account number. Anyone can transfer WICC to you via your WaykiChain address. How do I get my own WaykiChain address then? You can download a WaykiChain Wallet on WaykiChain official website, or register one on trading platforms. Each user's WaykiChain address is unique. It should be noted that each WaykiChain wallet can only create one address, therefore the wallet mnemonics must be kept carefully.

  • What is WaykiChain mainnet migration?
WaykiChain (WICC) mainnet migration is the process of replacing the previous Ethereum-based token ERC20 TOKEN with WaykiChain mainnet token. WaykiChain public chain, through several months of testing and rigorous evaluation from the exchange platforms after its release, has been fully proven to operate efficiently and stably. Mainnet migration marks that WaykiChain public chain is actually putting into use. After the mainnet migration, various applications and developments based on WaykiChain can be launched, and the service period of WaykiChain public chain truly starts. The dividend mechanism, voting mechanism, gas consumption, and accounting fees on WaykiChain ecosystem are all completed by the mainnet token. The previous ERC20 tokens do not have these functions.
By the end of June 26th, AEX Exchange, Huobi, CEO Exchange, Bying Wallet etc. and 23 exchanges in total have supported WICC mainnet migration. There will be more exchanges and wallets supporting the migration in the future. Please follow WaykiChain's channels for more details.

  • Are there any requirements or restrictions for developing projects on WaykiChain?
WaykiChain's code is completely open. WaykiChain welcomes third parties worldwide to develop, carry and operate various application products on WaykiChain, and finally form a diversiform public chain community ecology. WaykiChain is happy to provide public chain technology support for any individuals or third parties. Applications developed and operated by third parties, based on WaykiChain public chain, need to comply with local laws and policies. Only after obtaining related licenses, permits or qualifications required by local laws and policies, developers and operators can launch and operate their applications on WaykiChain. Because of blockchain public chain's globality, anonymity, open code, and the limitation of our ability, WaykiChain Official cannot judge the identity of third parties, nor have the ability and right to verify, supervise, control or interfere the third parties. Therefore, third parties should bear responsibility of their own actions.

10. Contents Expected to Read About WaykiChain
It would be great to create a post for everyone by posting what they want to have for future releases of the Waykichain DApp or anything related to using Waykichain. Therefore, please comment under this thread about your interested contents or create a post directly to express your perspective on WaykiChain.

submitted by zcatmew to WICCProject [link] [comments]

Rich is not the one who earns a lot, but the one who has more money.

The key to the success of the investor — a reasonable approach to business, which includes planning, setting goals and objectives. It is necessary to reject fear and not to give in to emotions. Choosing the direction for the Deposit of funds should be guided by the main rule of investment — use only free savings.
Here are the 7 most reliable ways to invest for beginners:
Tips for investing funds
Where to invest money
Precious metal. Gold, platinum, silver are not subject to corrosion. Their number is limited, which allows the price to constantly grow, and the economic condition of the country practically does not affect the cost of ingots.
Mutual funds. Mutual funds — trust management of depositors ' funds. The Manager is interested in success because he receives a percentage of the total profit.
Bank deposit. One of the most reliable financial instruments, as in accordance with the current legislation, all deposits of individuals are subject to insurance.
Start-ups. Investing in a new project often brings very high profits. It should be borne in mind that out of 5-6 startups only one can be really profitable.
Realty. A very popular way to invest. You can earn on the sale of property or renting it out. Moreover, renting a house, a person receives a passive income.
Securities. In order to invest in bonds, stocks and other securities, it is necessary to have some preparation. You should understand the economy or be an experienced stock player. If successful, you can get a very high income.
Forex. It is an international currency exchange market. Anyone can make money in this niche, but first you need to be trained.
Not everyone realizes that investing in the modern world is done by absolutely everyone. After all, even education is one of the ways to invest in your own future, because it is the necessary knowledge, skills and abilities that will provide a person with a promising position with high earnings in the future. It is necessary to remember that it is impossible to get something in the future, if nothing is done in the present.
submitted by Mirinda888 to u/Mirinda888 [link] [comments]

What Is an Investor

What Is an Investor
investor
Neither a speculator (who chooses about high-risk for high wages) nor a gambler (who wants to the chance of overall reduction for outside of percentage benefits) however one that whose primary targets are worth of their authentic expenditure (the primary), a stable cash flow, along with capital appreciation. See investment.
Investors can additionally embrace various current marketplace plans. Exotic traders tend to get and maintain numerous current industry indicators and could maximize their allocation burdens into specific strength categories centered on regulations like contemporary Portfolio principle ‘s (MPT) mean-variance optimization.
The others might be stock-pickers who make investments by the first examination of business financial statements and financial ratios.
What does it mean The Parabolic Curve Pattern Strategy
Fibonacci Retracements expert advisor, Learn Secrets About
Learn About Million Dollar Pips EA – Legendary Scalper
An investor, an average of, is manufactured differently by an individual dealer. An investor places richesse to make utilize of to get long term profit, though a broker attempts to build short term earnings by purchasing and selling stocks within and more.
Investors usually create returns by leveraging capital since equity or debt investments. Equity investments involve possession bets in the shape of firm stock that can pay gains as well as funding profits.
Financial debt investments could function loans long to new folks or businesses, or even at the buying bonds issued by authorities or firms that cover attention within the sort of vouchers.
Realtors are associations like commercial businesses or mutual funds which make investments in shares as well as different financial tools and also build large portfolios.
Many times, they can collect and swim money by several large shareholders (businesses or individuals ) as a way to shoot more significant investments.
As a result, the institutional traders frequently have much-increased industry strength and sway compared to retail traders.
One case of the is the”worth” traders that want to buy stocks using very lower share costs relative for their publication price.
The others Might Want to speculate long term in”growth” Shares That Might Be losing cash Right Now however indeed are increasing quickly and maintain guarantee for your long run, A large selection of investment vehicles exist for example (although not confined by ) shares, bonds, commodities, mutual capital, exchange-traded finances (ETFs), options, stocks, forex currency, silver, gold, retirement ideas along with property estate.
Investors usually do the fundamental or technical investigation to find out favorable investment chances, and also generally want to lessen risk while maximizing yields. Investors aren’t just a regular group.
They’ve varying hazard tolerances, funding, fashions, choices, and period frames. For example, many traders might favor incredibly low-risk investments that’ll cause traditional profits, like certificates of deposits plus specified bond solutions.
Other shareholders, on the other hand, tend to be more prone to undertake additional hazard to generate more significant earnings. These traders could put money into monies, rising stocks or markets.

Types of investors

There are two types of investors,
  1. Retail investor
  2. Institutional investor

1)Retail investor

  • Folks gaming in games of probability.
  • Individual Traders (such as trusts concerning folks, and also umbrella businesses formed by 2 or more even more to pool investment funds)
  • Collectors of art, antiques, and also other items of significance
  • Angel Traders (people and bands )
  • Sweat equity investor

2)Institutional investor

  • Investors could even be labelled depending on their fashions. Inside this regard, a significant distinguishing invest or psych attribute is hazard frame of mind.
  • Investment funding along with with private-equity funding, that function as expenditure decision collectives concerning an individual, employers, retirement programs, insurance policy policies coverage reservations, or alternative capital.
  • Businesses which create trades, either directly or through a property lender
  • Expenditure frees, such as property investment expects
  • Mutual funds, hedge Finances, along with alternative capital, ownership of that Might or Might not be openly traded(these Cash generally pool cash increased out of their owner-subscribers to Put Money into securities) Sovereign riches funding

Role of the financier

Financier is. Particular financier paths require licenses and degrees for example partnership capitalists, hedge-fund supervisors, believe in finance supervisors, accountants, stock brokers, monetary advisors, or even perhaps people treasurers.
Particular investing about the opposite side doesn’t have requirements and also can be ready to accept all with the way of this stock-market or from the method of mouth-watering asks to get your own money.
Even a financier”is likely to undoubtedly be a more technical financial contributor from the feeling it has encounter in liquidating the kind of agency it’s committing to”.
Even a financier is an individual whose chief job is facilitating or straight supplying investments into up-and-coming or recognized firms and businesses, usually involving significant amounts of cash plus generally involving personal equity and also venture capital, mergers and acquisitions, leveraged buyouts, corporate fund, investment banking, or even broad asset direction.
Even a financier earns money using this technique when their investment has been reimbursed with attention, from a portion of their provider’s equity given in their mind specified from the business bargain, or even perhaps a financier could earn money utilising commission, overall functionality, and direction service charges.
Even a financier may foster the achievement of the business by permitting the company to benefit from their financier’s standing. Competent and the capable that the financier will be the higher the financier should have the ability to donate towards the victory of this thing that is funded, and also the benefit that the financier will undoubtedly reap. The definition of, financier, is French, also derives out of the fund or even cost. (original post)
submitted by Red-its to forex__in__world [link] [comments]

Questions on New Fees Policy (Effective 07/02/2018)

Hi Lykke users, administrators, pantarhei, u/richardbolsen
I am a Lykke fan. The Lykke ICO was the first ICO I ever participated in and though my investment was inconsequential in value it was significant. Even as a newcomer to the crypto world I could recognise the potential Lykke showed.
September / October 2016 was a long time ago in crypto years. Growth has been slow but the fans have been patient. Lykke has surprised us and Lykke has disappointed us. Trading volumes have grown and, of late, trading volumes have waned.
While Lykke distinguishes itself from every other crypto exchange, pioneers new roads in fintech and works towards innovations in the future Binance gives the people what they want when they want it. We've heard this one before. Lykke's 24hr volume <$2Million, Binance's 24hr volume >$2Billion; 0.008% vs 8% of total 24hr volume (CMC). Binance offers 1000x the volume but still we wait expectantly for greater things from Lykke! We have waited and waited for a reliable app, a web terminal, new coins, higher deposit limits, liquidity, crypto debit cards and the list goes on.
Dear Lykke, the 30th of January, 2018 marks the day our hopes were dashed - "Important update! Starting from Feb 7, 2018, Lykke will apply a new fees and limits policy." -
No fees truly was amazing - too good to be true in fact. Thousands of dollars in Mastercard / Visa / Skrill transactions at 0%! The ability to withdraw $5 of BTC while Lykke paid $20 in blockchain fees! Sustainable? I suppose not. But Lykke: probably >90% of your support base is here for the no fees arrangement. Cancel the arrangement and we can all predict what will happen to Lykke's volumes.
Any reasonable trader accepts that their are fees involved in depositing, withdrawing and trading fiat and crypto. A trader should expect the actual costs to be passed on as a worse case scenario. (For those who are unaware it is a norm amongst retail forex brokers to charge zero fees on deposits and insignificant fees on withdrawals including Mastercard / Visa / Skrill etc.)
To the point...
Is Lykke intending to profit from the fiat deposit fees outlined in the notice?
Context: Other Crypto exchanges that process Mastercard and Visa deposits start from rates as low as 2% while their coin prices remain at parity with major exchange averages. Skrill processes at 1.90% + EUR 0.29 to my knowledge. Skrill wallet to wallet transfers are charged at a rate of 1.45% (free for VIP Silver and up.) EMI's process Mastercard / Visa deposits at 0%-1%. A small retailer in Africa can get a card processing fee of 2.75%.
Is Lykke intending to profit from the crypto withdrawal fees outlined in the notice?
Context: At the time of writing this response a standard (2 input 2 output) BTC transaction, with a blockchain fee of 0.00067320BTC (180sat/byte), would very likely be confirmed within the next block. Lightning Network is now a reality. Batched withdrawals are possible - fees can be shared (transaction volume required).
With a particular reference to fiat deposits why is the no fees model no longer viable if it was viable at the outset?
Context: higher (than 2016) BTC blockchain fees justifies the change in policy regarding BTC withdrawals but has no direct bearing on fiat deposits.
How does Lykke intend to retain traders once the fees as per the notice are instituted?
Context: Scenario 1. A total premium of 10+% on mainstream crypto prices becomes a reality on Lykke's exchange when taking new fees and price disparity into consideration and buyers run. Scenario 2. Sellers on Lykke's exchange are forced to sell at mainstream crypto prices for buyers to get the value they are used to currently hence no 'arbitrage' opportunity and sellers run. Scenario 3. New premium settles somewhere between scenario 1. & 2. and finds favour with remaining buyers and sellers on the Lykke exchange until they eventually learn about more favourable conditions elsewhere and move off. 99.992% of the market have decided to trade elsewhere even with the current no fees offering.
In conclusion we understand very well that Lykke intends to go beyond the average crypto exchange offering and are by no means being short sighted. We understand that there are fees related to trading that need to be paid. To go from fee-free to what appears to be marked up rates does not comply with the vision of the Lykke we know - is the vision changing?
Jonathan
submitted by jonathandell to lykke [link] [comments]

DENT, making more than just a dent.

DENT is an absolutely revolutionary idea. The first ever Mobile Data Exchange!
Telecom, a multi-billion dollar market, highly competitive as well, yet DENT found a backdoor that might just allow them a giant piece of that ever-growing cake (yes 5G is just around the corner and the Internet-Of-Things becomes more tangible on a daily basis, it’s growing indeed). But not just DENT, YOU will have a taste as well! So you better start polishing those spoons of yours! The cake is real and it’s here!
Wow, that sounds like poor eccentric marketing, and yet, not a word untrue. Let’s just keep the hyped language for now, and see where it’ll take us.
DENT wishes to effectively liberate the mobile data market, enabling anyone to buy, sell and donate data through the Ethereum blockchain. But what does this mean? This means Telco customers will no longer be subordinates of the industry, force-fed high fees on data useage. No no, in a democratic way, by bidding on an exchange, data will be managed by the customers itself! DENT allows data-users to ‘unionize’, become an entity to be recognized by the Telco Moguls, ensuring fair pricing and high efficieny in data distribution.
The exchange will be run by a universal cryptocurrency, the DENT token; and pricing will be transparant and dynamic. Now you either pay for data you don’t use, or if you use more data than your data-plan you pay excessive fees. Moreover, using data abroad can increase your bill by... The amount that makes you look like lemonjuice just replaced your eye-fluid. Now, you’re drawing the short end of the stick regardless.
DENT however wishes to localize data much like wifi-hotspots today. There is no here and there, there is just everywhere. And you pay for what you use, not for what you don’t.
Sounds great, but you’re a little lost? No problem, in a nutshell DENT is this: it is a universal currency for mobile data between you (the customer) and Telco providers. This means you’re no longer subject to a single provider, but you pay as you go, and only for what you use. You always pay the best price available, directed by market supply- and demand, and you never have to think about borders again.
You are now free to roam, without scary roaming costs when abroad, between the many Telco providers in his world.
So that’s DENT and it will make most than just a dent in mobile data history.
If you wish to become part of this already, read on. But before you do, know that I’m not affiliated with DENT in any way. I’m just an enthusiast sharing his enthusiasm. Yes I will invest in DENT, but have nothing to gain from you doing so. I’m just happy to have you along for the ride.
It’s pretty clear, the ambitions of DENT are grand. So you need to question its possibility, its roots in reality.
For starters, DENT has quite a team working on it.
•Tero Katajainen (Founder and CEO) is a serial entrepreneur and an experienced software architect who founded the predecessor company of DENT Wireless in 2014 to create a trading platform for FOREX (foreign currency exchange trading) with AI components for the behavioral analysis of markets.
• Mikko Linnamäki, (Co-Founder) is also Co-Founder of DOVECOT Oy, the company behind the Open-Source IMAP Server DOVECOT which has an install base of over 4 million servers and a 72% global IMAP server market share. source: http://openemailsurvey.org
• Andee Vollmer (Co-Founder) is the Mobile specialist in the team with 12 years experience on Mobile Apps, starting with Symbian in 2005 and today on iOS and Android
• Michael Wirth (Director of Payment Systems and GM UK & Ireland) has 20 years of experience in large-scale transaction projects, amongst others he was Director of Products and Services at eNett International, a Travelport company and leading specialist for payment solutions in the travel industry.”
• Ville Sundell (Smart Contract Specialist), who has pioneered smart contract based legal entities, being the first to create companies solely on the Ethereum blockchain without any human intervention through Etherprises LLC.
• Dr. Rainer Deutschmann (Advisor) brings in 20 years of telco and tech senior executive experience in companies like McKinsey, Deutsche Telekom and Reliance. Most recently, as Chief Product & Innovation Officer, Rainer with his fellow leadership team launched Reliance Jio and acquired 100 million customers within six months. Jio disrupts the telco landscape to democratize mobile broadband for the 1.3 billion people in India.
So we’ve got experienced people proven to be succesful working on DENT. But we all know you can’t build a castle with dust, you need gold, silver, cirspy cash. And that’s where the ICO (Initial Coin Offering) comes in.
DENT will have an ICO soon starting July 12 15:00 GMT until July 26 15:00 GMT. Buying the DENT tokens will support their project which is doomed to succeed, and get you DENT tokens on the cheap.
The current ICO climate is the following, if a project is mildly interesting, mildly guaranteed to succeed, it’ll sell out long before the original ICO’s end. Here we have a revolutionary project, with quite the success factor, attached, meaning they will sell their maximum amount of tokens. These are 70.000.000.000 DENT tokens. The price is 400.000 tokens per 1 ETH (say currently +- 350 dollars). The people buying the first 14 billion tokes receive a 10% bonus and the next 7 billion 5%. I’ll let you calculate for yourself but this means DENT will have approximately 60 million dollars to achieve their goal!
For those familiar with the world of cryptocurrency, why not acquire 150 million like Bancor did? I think because they take what they need, and perhaps a little ‘then some’. This makes the project a lot more legit to me, and if you’re an investor a lot more interesting. Because the upswing the DENT tokens are bound to have in due time, are yours for the taking.
To sum it all up, I recognize DENT as a good investment for both a reasonably quick flip or a long hodl. But more importantly I recognize a project that has great practical value for mobile data consumers worldwide. The idea behind DENT isn’t something we’d all like to see become reality, it seems inevitable in the light of what blockchain tech offer. The boons of the blockchain are deep and wide, and are adopted more and more as it matures and its user base grows. And it has definitely reached a point where one can harvest the greater crops. This is what DENT does, with one big swoop it revolutionizes mobile data. Now that’s a big harvest!
I will have a tiny stake in this revolution, and if you wish to have too see the links below.
Wesbite: https://www.dentcoin.com
Bitcointalk announcement: https://bitcointalk.org/index.php? topic=1974825.msg19657136#msg19657136
Whitepaper: https://www.dentcoin.com/whitepaper
submitted by Akariko to ethtrader [link] [comments]

Of Wolves and Weasels - Day 270 - Weekly Wrapup #32

Hey all, GoodShibe here!
This was your week in Dogecoin - looks like, all things considered, it was pretty quiet ;D)
This Week's oWaWs
Announcements
Dogecoin Businesses
Top Images/Memes of the Week
Dogecoin in the news
Good Reads
Did I miss anything? Of course I did! Please let me know in the comments and I'll add it! :D)
It's 9:36AM EST and we've found 93.80% of our first 100 Billion DOGEs - only 6.20% until we reach our soft cap! Our Global Hashrate is up from ~732 to ~797 gigahashes per second and our Difficulty is relatively stable from ~12090 to ~16982.
As always, I appreciate your support!
GoodShibe
PS: If anyone is interested in donating Dogecoins to the Dogecoin Ad Contest Phase 2 then you can donate DOGE to this address. At current market rate, we've raised about $20 so far (DOGE is down right now...).
submitted by GoodShibe to dogecoin [link] [comments]

DENT, making more than just a dent!

DENT is an absolutely revolutionary idea. The first ever Mobile Data Exchange!
Telecom, a multi-billion dollar market, highly competitive as well, yet DENT found a backdoor that might just allow them a giant piece of that ever-growing cake (yes 5G is just around the corner and the Internet-Of-Things becomes more tangible on a daily basis, it’s growing indeed). But not just DENT, YOU will have a taste as well! So you better start polishing those spoons of yours! The cake is real and it’s here!
Wow, that sounds like poor eccentric marketing, and yet, not a word untrue. Let’s just keep the hyped language for now, and see where it’ll take us.
DENT wishes to effectively liberate the mobile data market, enabling anyone to buy, sell and donate data through the Ethereum blockchain. But what does this mean? This means Telco customers will no longer be subordinates of the industry, force-fed high fees on data useage. No no, in a democratic way, by bidding on an exchange, data will be managed by the customers itself! DENT allows data-users to ‘unionize’, become an entity to be recognized by the Telco Moguls, ensuring fair pricing and high efficieny in data distribution.
The exchange will be run by a universal cryptocurrency, the DENT token; and pricing will be transparant and dynamic. Now you either pay for data you don’t use, or if you use more data than your data-plan you pay excessive fees. Moreover, using data abroad can increase your bill by... The amount that makes you look like lemonjuice just replaced your eye-fluid. Now, you’re drawing the short end of the stick regardless.
DENT however wishes to localize data much like wifi-hotspots today. There is no here and there, there is just everywhere. And you pay for what you use, not for what you don’t.
Sounds great, but you’re a little lost? No problem, in a nutshell DENT is this: it is a universal currency for mobile data between you (the customer) and Telco providers. This means you’re no longer subject to a single provider, but you pay as you go, and only for what you use. You always pay the best price available, directed by market supply- and demand, and you never have to think about borders again.
You are now free to roam, without scary roaming costs when abroad, between the many Telco providers in his world.
So that’s DENT and it will make most than just a dent in mobile data history.
If you wish to become part of this already, read on. But before you do, know that I’m not affiliated with DENT in any way. I’m just an enthusiast sharing his enthusiasm. Yes I will invest in DENT, but have nothing to gain from you doing so. I’m just happy to have you along for the ride.
It’s pretty clear, the ambitions of DENT are grand. So you need to question its possibility, its roots in reality.
For starters, DENT has quite a team working on it.
•Tero Katajainen (Founder and CEO) is a serial entrepreneur and an experienced software architect who founded the predecessor company of DENT Wireless in 2014 to create a trading platform for FOREX (foreign currency exchange trading) with AI components for the behavioral analysis of markets.
• Mikko Linnamäki, (Co-Founder) is also Co-Founder of DOVECOT Oy, the company behind the Open-Source IMAP Server DOVECOT which has an install base of over 4 million servers and a 72% global IMAP server market share. source: http://openemailsurvey.org
• Andee Vollmer (Co-Founder) is the Mobile specialist in the team with 12 years experience on Mobile Apps, starting with Symbian in 2005 and today on iOS and Android
• Michael Wirth (Director of Payment Systems and GM UK & Ireland) has 20 years of experience in large-scale transaction projects, amongst others he was Director of Products and Services at eNett International, a Travelport company and leading specialist for payment solutions in the travel industry.”
• Ville Sundell (Smart Contract Specialist), who has pioneered smart contract based legal entities, being the first to create companies solely on the Ethereum blockchain without any human intervention through Etherprises LLC.
• Dr. Rainer Deutschmann (Advisor) brings in 20 years of telco and tech senior executive experience in companies like McKinsey, Deutsche Telekom and Reliance. Most recently, as Chief Product & Innovation Officer, Rainer with his fellow leadership team launched Reliance Jio and acquired 100 million customers within six months. Jio disrupts the telco landscape to democratize mobile broadband for the 1.3 billion people in India.
So we’ve got experienced people proven to be succesful working on DENT. But we all know you can’t build a castle with dust, you need gold, silver, cirspy cash. And that’s where the ICO (Initial Coin Offering) comes in.
DENT will have an ICO soon starting July 12 15:00 GMT until July 26 15:00 GMT. Buying the DENT tokens will support their project which is doomed to succeed, and get you DENT tokens on the cheap.
The current ICO climate is the following, if a project is mildly interesting, mildly guaranteed to succeed, it’ll sell out long before the original ICO’s end. Here we have a revolutionary project, with quite the success factor, attached, meaning they will sell their maximum amount of tokens. These are 70.000.000.000 DENT tokens. The price is 400.000 tokens per 1 ETH (say currently +- 350 dollars). The people buying the first 14 billion tokes receive a 10% bonus and the next 7 billion 5%. I’ll let you calculate for yourself but this means DENT will have approximately 60 million dollars to achieve their goal!
For those familiar with the world of cryptocurrency, why not acquire 150 million like Bancor did? I think because they take what they need, and perhaps a little ‘then some’. This makes the project a lot more legit to me, and if you’re an investor a lot more interesting. Because the upswing the DENT tokens are bound to have in due time, are yours for the taking.
To sum it all up, I recognize DENT as a good investment for both a reasonably quick flip or a long hodl. But more importantly I recognize a project that has great practical value for mobile data consumers worldwide. The idea behind DENT isn’t something we’d all like to see become reality, it seems inevitable in the light of what blockchain tech offer. The boons of the blockchain are deep and wide, and are adopted more and more as it matures and its user base grows. And it has definitely reached a point where one can harvest the greater crops. This is what DENT does, with one big swoop it revolutionizes mobile data. Now that’s a big harvest!
I will have a tiny stake in this revolution, and if you wish to have too see the links below.
Wesbite: https://www.dentcoin.com
Bitcointalk announcement: https://bitcointalk.org/index.php? topic=1974825.msg19657136#msg19657136
Whitepaper: https://www.dentcoin.com/whitepaper
submitted by Akariko to icocrypto [link] [comments]

Crypto markets till 2030 ideas

The CRYPTO market till 2030
I am just a damn dude writing a thing in my spare time no one paid me and my total crypto holdings are less than $500. THIS IS NOT FINANCIAL ADVICE AND IS JUST FOR FUN. I AM NOT RESPONSIBLE FOR INVESTMENT DECISIONS YOU MAKE.
Obviously, I don’t have a crystal ball but this is me and my brain on one of its endless rabbit holes considering all possibilities.
I am heavily relying on a model of the internet’s fundamental tenants and timeline for this as a comparison jumping off point.
The next 6-18 months (July 2018- Dec 2019)
Considering the pending expected flood of “institutional money” people can generally predict this will occur after the round of regulations is finalized however by the end of 2018 I don’t see as accurate. Why? Well, the short answer is Taxes. The long answer is taxes applying to investments made after Jan 1st for the 2020 Q1 tax filings. Thus the 18 possible months for institutional investments in any real way. We might get a few brave institutions or those who want in early before other smaller institutions in 2019 but not many till at least Jan 1st.
During this time, we are in a period of risk of possible financial recession since those occur about every 10 years or so and the last was in 2008. This might drive investments into crypto if the institutions are smart enough to turn a quick profit, which they are, and market their new asset class as like gold. I guarantee a few will figure this out and it will make those initial investors some good money maybe even equal out their positions and allow them to play with the space more. Further, I wholly expect the institutions who are in early or in large positions to create a new version of a coin that already exists in the market, The stable coin. Currently, this is dominated by the coin called USDT or tether for short and I would expect that coin or a “wall street backed” version to rise to major prominence in the market. That is at least till a recession gets bad enough to cause problems for the FED & US government more generally.
The uncertainty of such a possible recession will put eyes on the governments to do something and I am sure as always, their answer will be new regulations on the financial sector. This might take an interesting turn and due to the finical sector playing around with their new stable coins they will probably draw the ire of the FED due to them basically printing USD. The FED’s response to this will arguably be to get new regulations passed giving them full control over all USD “stable coins”* arguing something like we lost/are losing control over our currency. Further, this will probably soon spread to other countries/regions like Europe, China, Japan, etc. with Euro and Yen coins especially if the recession reaches that far.
This will be a blessing in disguise for the space as this will allow many billions more dollars to flow into the crypto spaces alt coins due to the preaching of the extremists who have maintained since the beginning that crypto will “remove government control from money” they will drive those who are disillusioned due to the recession into the crypto space for security along with the normal holdouts into more traditional investments like actual gold & silver. This will increase speculation on alt coins and lead to the next phase.
*This could happen early in the next section as well around 2020 as governments move slowly on such issues.
The Early 2020’s (This is where things start to get fuzzy but some general ideas remain)
The drive of speculation due to the centralization of the new “stable coins” will lead a few to distrust the governments and put more money into the top crypto projects whatever they may be at that time. This will coincide with the expected halvening of bitcoin at or about the 2020 mark. When the halvening occurs, we can probably expect the mining pools that determine to an extent the floor on bitcoins price to need to up the price to keep their profit margins.
This, in my opinion, will cause the next market cycle for the crypto space. The combination of new stable coin money and the promotion of bitcoin to people who need to recover from a recession by the mining/staking pools. Those two events in conjunction will cause the price to double and then take off with a new round of FOMO. Alas it will not last in my opinion as it will have served its purpose to the miners/stakers and then coming decoupled from that goal advertising will fall and the big hands will start to sell knowing the pattern of the space.
This will cause another drop driven by futures contracts that will stabilize where the miners need it to keep their profit margins and maybe a little more. This will cause a new round of uncertainty and a new accumulation period will begin. Leading to the next phase
The Mid to late 2020’s (this is just straight up predictions about the mother of all crypto bubbles)
The new accumulation period will quite possibly continue for a bit longer than the last few due to the lagging economy after a recession. However, after that begins to end in pockets around the world we can see an uptick in the space as by then we will really start to see the formation of the big players for the future of crypto. Who they will be is unknown but my bet is anyone not in the top 20 now will have a hard time making an adoptable product. Perhaps the underlying protocol of these stable coins will have a good chance as that won’t be too far removed from government regulations and allow it to grow.
Thus, a product that can build stable coins on it and not cause too much inflation long term might be a good thing to do research on. That to me is the most obvious bet going right now but its anyone’s guesses who that is as there are multiple protocols that can be built on top of now or have plans to do so soon. That’s the fight to watch in altcoins.
At any rate governments, the world over will be scrambling to get their own stable coins by this point and that will allow them to have a new degree of finical control over their citizens. We will see traditionally corrupt governments have their challenges with the tech but overall it will allow them to monetize & identify people they otherwise wouldn’t be able to and thus the tech will penetrate this market. Providing access to the worlds poor and an identity on which to build their lives is a critical goal of using crypto for good causes but it will be abused as a new form of surveillance and control. Thus, I wholly expect that outside the major markets of the world there will arise a privacy coin that will irritate many. There will be advocates for such a coin in the bigger markets as some already exist, but most won’t use it because of the old “I have nothing to hide mentality” but that won’t tamp down its existence in the smaller markets where people find it to be a tool to resist their governments much like VPN products now.
A large amount of new freely tradeable crypto money from these stable coins will cause people who have just been given franchise over money and their own identity for the first time their first real shot at making some money…in speculation. This will take the form of speculation on the bigger products whatever they may be at that point causing a new round of FOMO and this one will be truly multi-trillions humongous. That will go much like the dot-com bubble was as the crypto craze or some catchy marketing phrase like that.
Conclusion:
  1. If you want to make money in this space be prepared to evaluate your position carefully over the next decade or so on a regular basis. Aka don’t blindly HODL.
  2. Watch for platforms that can build systems on top of them for the upcoming stable coin market shift.
  3. Decentralization is what will make projects survive long term outside of governments. Thus, if your current investment coin(s) tends to centralize via mining pools, staking pools, elector nodes, inflation paid to certain groups, etc. watch closely as in a decade it could be a monster that is sudo-controlled by early invested groups even if it claims to be decentralized. **
  4. Stable coins being centralized in the way described above way will probably become the new currency exchanged on platforms like forex.
  5. Understand this is a risky investment class you could lose everything.
  6. I am just a damn dude writing a thing in my spare time no one paid me and my total crypto holdings are less than $500. THIS IS NOT FINANCIAL ADVICE AND IS JUST FOR FUN. I AM NOT RESPONSIBLE FOR INVESTMENT DECISIONS YOU MAKE.
** this will be contentious as f*** I know, debate to your hearts content, scream FUD all you want but you will be doing a disservice to the community in possibly your own financial interest delaying*** actual societal use cases by decades and harming people who would benefit just from use and not monetary gain of the crypto technology.
***keyword delay. Not stop delay. Usually via some form of political bullshit again possibly lasting decades and that usually ends with people shooting each other, especially over money but what do I know.
submitted by L0rdSw0rd to u/L0rdSw0rd [link] [comments]

Looking for suggestions to secure my family’s financial future. (~$100K to allocate, earning ~$50K/yr after taxes)

Edit: TL;DR - wall of text explaining my current finances, also asking if it’s the right time to enter the housing market (and how I might protect myself if I do so). I’m very cash-heavy and looking for ideas to diversify and grow into retirement, while ensuring my wife and kid are taken care of as well.
I realize there are many different options for how to save and plan for retirement. I think I’ll be just fine, but I also recognize that I have a lot of room for improvement. More than my own personal security, I want to provide as much as possible for my wife and child, both of whom I expect to outlive me by many years.
Now, I would never share this kind of detail with someone who knows who I am irl, hence the throwaway. As far as non-immediate family and acquaintances know, I’m living paycheck to paycheck, and I’d like to keep it that way.
Some background information about me:
I’m 35 years old, serving on active duty in the US military, and I’ve been in for a little over 12 years. I’ll be eligible to retire in about 8 years, and a rough conservative estimate is that I’ll receive about $2,000/month retirement pay starting in my early-mid 40s. The plan is to continue working after I separate until, well... until I’m ready to stop. Who knows when I’ll feel too old to work? 55? 65? 85???
The idea is to have the financial freedom to “officially” retire when I’m ready to so, no sooner and no later.
I’m married and I have one kiddo.
The wife makes a pretty decent paycheck atm, but she’ll soon be looking for work when we relocate to our next assignment. She has about $15K saved up right now.
I transferred my Post-911 GI bill to the kid to help offset the cost of college, and because Uncle Sam already so generously paid for my own education while I’ve been on active duty. It would be a waste to use the Bill for myself. Still, I’d like to set aside at least enough to match it or fill the gap up to a Doctorate (just in case the kid wants to pursue that level of education- no pressure lol). The GI Bill should cover a substantial part of the first 3 years, beginning sometime around the year 2030, but I could potentially be paying as much as half of the cost of a 4-year degree, and likely most of any education beyond that. Student loans aren’t all bad, but if I can put my kid through college without having to take out a loan, that would be fantastic.
So here’s where my finances sit right now:
I’ve calculated my compensations for the next year, and a conservative post-taxes estimate is that I’ll bring home about $50K. I don’t expect that figure to change whole lot over the next 4 years at least. I’m sure my wife will find gainful employment again after we move, but I don’t have enough information to forecast what her earnings will be, so I’ll simply leave it out for now.
I’ve done a lot of research into the cost of living at our next assignment, and I keep pretty solid records of spending. Based on our current expenses, and a conservative adjustment accounting fo the location change. I expect to reliably save an average of $1,800 per month out of my paycheck. That’s about a 40% decrease in annual savings compared to the last 2 years, during which time I received some special pay and a bonus.
My family budget plan for 2018 allows for about $29K in expenses total, which sounds tight for 2 adults and a child (and it is tight), but I also know it’s easily doable. I’ll adjust that target as we settle into the new place over the next several months, and go from there.
Whatever the wife is able to earn after we move, can go straight to the bottom line. I hesitate to forecast my capital gains from investments based on past performance, because it really has been an exceptional few years. Besides, I have yet to ever withdraw from my brokerage account. All dividends and gains from closing positions has gone right back into the pot.
Investments:
I have $46K in my brokerage account. Roughly 50/50 cash and stocks (individual stocks and ETFs/ETNs etc). Here’s my current portfolio if anyone cares: MO, AAPL, WFC, AMD, BND, IAU, WMT, ARNC, SPY, XIV- roughly equal parts for all of those. They’re a mixture of speculative short-term and div-yielding long-term holds. The half I have sitting in cash is so I can quickly sell calls/average-down/BTFD whenever the next market correction/crash/recession comes. I’m adding about $1K/month to this account via automatic deposit, which I typically split between cost-price-averaging into my longs, and into my cash reserve. I balance my holdings mostly by adding to underperforming positions when I expect a rebound, and not by selling stock unless I’ve held the shares for more than a year. I also try to keep my cash balance roughly equal to the market value of my stocks for the reasons mentioned above (and so I can act if I see an opportunity for a nice swing trade).
I have a little over $20K in an interest-earning checking/debit account. This is where the majority of my paycheck lands, and it’s where the majority of my bills come out.
I have $15K in USD hard cash. That’s more than I need, to be sure. It’s mostly leftovers from when I sold one car and bought another. I’ll eventually deposit it into a bank I suppose lol.
I also have $11K in another checking account which I feed through a credit card, paying the balance off monthly. I’ve been using the credit card to buy gas and pay for other travel expenses. I don’t need a cc to do that, but it’s an easy way to build up my credit score and it helps whenever I need to rent a car or something.
Then there’s the $6K sitting in a credit union Roth IRA I opened and sort of forgot about. It barely earns interest at all and I can’t for the life of me figure out how to use it.
I own exactly 1 BTC I bought on a whim this summer. It’s hard for me to watch, because it moves around so much in value. Worth about $4.5K today. Other assets I can think of off the top of my head:
~ $4K in physical gold/silver. I guess it’s my hedge against society collapse or whatever lol. I have one of those 50g combi-bars that can be broken into smaller ingots and then a bunch of 1oz silver coins.
~ $2K in various foreign currencies, mostly Sterling. This was left over from when I spent some time in the UK pre-brexit vote. I’m sort of bag-holding it until I can exchange it back to USD for less of a loss.
On top of that, I have exactly zero debt. If I were forced to liquidate all of my assets not mentioned above, I’m confident I could come up with another ~ $40K (That’s if you figure a >50% emergency sale depreciation... I have 4 cars, 3 of which would be considered collector’s items and about another $15K in Snap-on tools + all the other random shit I own)
I realize my money allocations don’t make a lot of sense right now, but I’m an aggressive saver and the cash tends to pile up quickly. That’s a nice problem to have I guess.
One concern I have, is seeing my un-invested money take a big hit from inflation. I’m also a little worried about my bullish stock portfolio, but my plan is to build/hold it for another 15 years or so, and then slowly increase my exposure to bonds as I get into my 40s and 50s. Assuming I can stick to my long-term investing strategy, I’m hoping to be able to ride out any major correction or recession.
A major goal of mine is to buy a house. Thanks to the military lifestyle living overseas and frequent relocations though, I haven’t really been in a position to do so. Soon I’ll be moving to a stateside base, but looking at the housing market there, I’m frankly scared to buy right now. Houses in the local area have nearly doubled in just a few years, and I’d rather not spend the next 2 decades upside down in a mortgage if things suddenly take a turn for the worse. The valuations just don’t make sense to me compared with the rental market, and I suspect many of the land owners are deeply indebted in a market that feels pretty hot imo.
So there you have it. My personal finances in a nutshell. Not that I’m in financial trouble or anything, but I would love to hear any suggestions or pointers you smarties might have to offer.
I suppose some specific questions might include:
To recap my holdings:
Any/all ideas and criticisms are welcome.
Thanks for reading!
submitted by yet_another_throwy to personalfinance [link] [comments]

message meant to prevent humanity's destruction and to speed its evolution.

The following is a message meant to prevent humanity's destruction and to speed its evolution. Every War since the beginning of time has been over land or resources. World War 2 was an absolute brutal and ugly display of humanity, with nearly 4% of the world population dying. Once the nuclear bomb was detonated the stakes became even higher, and the people in power's main job was to prevent global conflict from breaking out. The US's military might was this groups way of maintaining global order with 1 tool being their maintence of the dollar as a reserve currency. This Bretton Woods system was deflationary in nature, but everyone could be in agreement with a very strong peg to gold, and effectively a true gold backing that was only redeemed by foreign governments and central banks. In 1971 the US effectively went bankrupt closing the redeemability of dollars into gold, attempting to fund the Vietnam war. After the closing of the gold window maintence of the dollar as a reserve currency required much more coercion. There was an oil Embargo in 1973. Inflation roared. The medling into political affairs of nations to ensure that oil and other commodities were purchased with paper us dollars that no longer had any backing, created a lot of resentment and ill will towards the US which ultimately evolved into Islamic Extremism. Today the dollar is still the reserve currency of the world, and despite all the negative associated with it, there are no realistic alternatives. With the well structured bond market, highly regulated stock market, clearly outlined forward guidance of the central banks money printing, and extremely liquid forex markets, as well as the largest economy, all the other alternatives are merely inferior fiat currencies themselves. However, with all the technological advances, and growth of the economy, we are still working harder than ever. We see the rich get richer and the poor get poorer. What is the real reason behind this? Ultimately, what inflation does, is over time it transfers wealth from the working class, to the assett owning class. Deflation can be equally problematic for humanity as well. With a gold backing, it inherently causes deflation over time. This effecively slows down the velocty of money, and artifically restricts economic activity. To fully back currency today with gold would effectively send the price of gold soaring, and the market would tell humanity to specifically search for a lot more gold. This is a commodity that by its very nature, humanity digs up out of the ground, only to be stored and put back right into the ground without creating any real benefit to humanity in terms of additional goods, services, or more efficient means of production. The largest source of money getting printed out of thin air is government debt, which is now a global standard for the way countries and central banks operate. When the government has to borrow large sums of money to continue operating, the central bank can facilitate this instantly, but the purchasing power of all the other dollars in existence truly depreciates. This transfer of wealth then effectively gets moved into an entity that can then be heavily influenced on where to spend that money by special interests who exagerate or manufacture problems to influence what problems governments need to fix, and ultimately enriches themselves in the process. Sure, there are social programs that provide assistance, but the amount of money spend on war in comparison to the amount spent on social programs is in great imbalance. And that amount spent on war greatly enriches all the companies that supply those weapons and war time services, incentivising them to exaggerate and manufacturer threats. This all begs the question, what is the solution? The US, being in the best position to execute, would effectively create a new dollar. They would take their gold reserve, and back a certain percentage of the new currency with this. The second biggest % would be of oil as well. Now as it stands, the US strategic oil reserve is holding roughly 30 Billion approximately 600 million barrels. This would need to be drastically expanded. However, this is the single most cost effective method to preserve national security in the US, where 600B was spent in 2015 on the military. A tax would also need to be imposed on oil to subsidize alternative energy and climate research. The rest of the reserve would be a combination of copper, silver, palladium, platinum, steel, alluminum, and other commodities.The greater the variety of commodities incorporated, the more the inflationary effects will be spread out. Ultimately every country would adopt the same system with a basket of commodities tailored to their countries natural reserves and competitive advantages. A percentage of this new currency would also be foreign currency holdings to facilitate liquid exchange between currencies. What would happen, is a baseline could be established of commodities prices. If the market price of 1 of the underlying commodities rise, then the commodity could be sold into the market to dampen the price rise, and if a commodity fell, then new dollars could be printed to buy into and dampen the drop, effectively smoothing out any short term supply demand imbalances without taking the money out of the marketplace for expensive yaughts and houses. The amount of new dollars that could be created would be limited by the set percentage of commodities that a single unit would be redeemable for. These set percentages could have a little wiggle room to account for all the transactions going in and out each day, but would serve as a hard limit. This would also keep US commodities producers in business, and would create an environment where more human energy was spent on gathering resources. Once the resources have been stock piled, those resources would be used to build and construct things creating economic activity. This would create a perpetual cycle of production and abundance. It would at first simply be a stable currency that everyone would want to willingly adopt as the standard medium of global trade. Then the economic utopia created in the US will serve as a model for the rest of the world to want to willingly adopt. This would effectively smooth out markets, and remove speculators who simply skim off the top without actually contributing anything to society. Boom and bust cycles would not be exaccerbated in the manner in which they are now. There would still be a federal reserve system that would act as a central bank to coordinate interest rates, set reserve requirements, and be a lender of last resort. The key difference would be that they could not simply print new federal reserve notes out of thin air to bail out governments or bailout the banking system as a whole. They could only deposit and take deposits of CASH. There would need to be an orderly mechanism for all banks to fail where the depositors are first in line for all assets, and shareholders are last in line. There also would need to be coordination to ensure that asset prices do not spiral down, unneccesarily destroying the banking system whose health is determined by the underlying asset values of the loans it holds. However, what needs to cease immediately is the perpetual printing of money, to continue increasing asset values, in an effort to print their way out of massive debt. This is where the transfer of wealth occurs from the working class, to the assett owning class. Governments then step in to try to fill in the gaps with social programs, but there is massive waste that occurs from the simple government redistribution of wealth back, and it never keeps up with the initial theft. Hence why we are working harder than ever despite all the technological and social progress that has been made. So essentially the new monetary authority has the sole ability to print new money by direct purchases into commodities markets. Now all existing federal reserve notes will be pegged 1 to 1 in value with the new dollar. Both dollars would always be valid for all debts public and private. However, no new federal reserve notes could be created, only the new dollar when an equivalent amount of the right commodities is brought to the entity that maintains the integrity of the new dollar. Individuals, foreign governments, and everyone in between would always have the right to redeem the underlying ratio of commodities on demand, and anyone could have a dollar created that brought the set ratio of underlying commodities to the same entity. This mechanism would be the only way in which new money would be created. This would completely change humanity from a consumption based economy to a production based economy. At the end of the day, the central bank would work in conjunction with the new monetary authority to maintain price stability as the ONLY goal. One problem that arises is the fact that all recipients of loans, including the US government, took out loans with the assumption that future dollars would be less valuable then current dollars. If future loans have to be paid back with dollars worth the same as current dollars and not less, this effectively increases the price of all loans beyond what people agreed to when they took out the loans. Since the Feds stated target inflation rate is 3%, every year that inflation is less, all loans should technically have the interest rate or principal revised lower, because they are being paid back with less inflated, more expensive dollars. However, the initial inflationary effect of simple implementation of this system also has to be factored in that would in affect counteract this to a large degree. This would lead to a global abundance with very little unemployment and large scale coordination of resources. There would be equitable distribution of resources amongst all classes. Every person would become a net producer instead of a net consumer by leveraging technology and economies of scale for production and organization. There would be great people doing great things uninhibited, which would inspire others to do great things, which pushes all of humanity forward. The military would shift focus to simple defense of the resource storage facilities, but would gradually be reduced as humanity comes further and futher together. To obtain ever more resources to fuel our growth, we would simply expand into outer space. Its this shift to abundance that leads to humanity essentially ascending, which simply means colonization of space. Once humanity reaches this point, they will be welcomed into the amalgamation. -The Amalgamation
submitted by the_amalgamation to economicCollapse [link] [comments]

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