12-20 06:52 - '#Bitfinex Pumping #Bitcoin (printing tethers/etc) VS #Coinbase Pumping #Bitcoincash (Chart manipulation/insider trading/etc) --> Who will win?! make your bets!' (self.Bitcoin) by /u/caterpillar498 removed from /r/Bitcoin within 0-10min
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
I applied price discovery algorithms to 5 Min OHLCV data from Bitmex and CME contracts and Bitstamp, Coinbase, HitBTC, Kraken, Poloniex, Binance, and OkEx BTCUSD/BTCUSDT markets from March 2016 to May 2020. Some exciting results I got was:
Before the 2017/18 bull run, Bitfinex dominated the price discovery process. They started the run. But as the price increased, trades on other exchanges, Binance and Bitstamp played a more dominant role in leading the price up.
Since then, CME Contracts and Bitmex contracts have had an increasing role in price discovery. Today Bitmex and CME Contracts play the most substantial role in determining the direction of Bitcoin price.
In 2020, market dominance by Bitmex has been negatively correlated with price. Dominance by Bitfinex, Huobi and OkCoin has had high positive correlation with price.
Price discovery is the overall process of setting the price of an asset. Price discovery algorithms identify the leader exchanges whose traders define the price. Two approaches are most famous for use in Price Discovery. Gonzalo and Granger (1995) and Hasbrouck (1995). But they assume random walk, and a common efficient price. I do not feel comfortable assuming random walk and common efficient price in Bitcoin Markets. So I used this little know method by De Blasis (2019) for this analysis. This work assumes that "the fastest price to reflect new information releases a price signal to the other slower price series." I thought this was valid in our market. It uses Markov Chains to measure Price Discovery. Without going into the mathematical details the summary steps used was:
Data is first grouped into a daily interval. Then inside each daily interval's 5-minute candles, the change in prices between the current time t and previous time t-1 is calculated. The difference across the same time t across all exchanges in a given day is juxtaposed to create an initial matrix.
The initial matrix is used to create a Transition Matrix, which measures the probability of price changing to something else at time t+1 for its state at t.
Then other Markov Chain based algorithms are used to measure the influence an exchange at time t had over all other exchanges' price movement at time t+1 individually.
Reduction and normalization is done to this data. In the end, each exchange receives a single number that sums to 1 for a given day.
De Blasis (2019) names this number Price Leadership Share (PLS). High PLS indicates a large role in price discovery. As the sum of the numbers is 1, they can be looked at as a percentage contribution. I recommend reading the original paper if you are interested to know more about the mathematical detail.
Andersen (2000) argues that 5 Minute window provides the best trade-off between getting enough data and avoiding noise. In one of the first work on Bitcoin's Price Discovery, Brandvold et al. 2015 had used 5M window. So I obtained 5M OHLCV data using the following sources:
Poloniex, Bitfinex, Binance and HitBTC: Exchange's API through CCXT.
CME: Okay, this was was supposed to be tricky and expensive. I broke a TOS and scraped the data for free, removing the expensive part from the equation. I will not go into detail about where I scraped this data.
Futures data are different from other data because multiple futures contract trades at the same time. I formed a single data from the multiple time series by selecting the nearest contract until it was three days from expiration. I used the next contract when the contract was three days from expiration. This approach was advocated by Booth et al ( 1999 )
I can't embed the chart on reddit so open this https://warproxxx.github.io/static/price_discovery.html In the figure above, each colored line shows the total influence the exchange had towards the discovery of Bitcoin Price on that day. Its axis is on the left. The black line shows a moving average of the bitcoin price at the close in Bitfinex for comparison. The chart was created by plotting the EMA of price and dominance with a smoothing factor of 0.1. This was done to eliminate the noise. Let's start looking from the beginning. We start with a slight Bitfinex dominance at the start. When the price starts going up, Bitfinex's influence does too. This was the time large Tether printing was attributed to the rise of price by many individuals. But Bitfinex's influence wanes down as the price starts rising (remember that the chart is an exponential moving average. Its a lagging indicator). Afterward, exchanges like Binance and Bitstamp increase their role, and there isn't any single leader in the run. So although Bitfinex may have been responsible for the initial pump trades on other exchanges were responsible for the later rally. CME contracts were added to our analysis in February 2018. Initially, they don't have much influence. On a similar work Alexandar and Heck (2019) noted that initially CBOE contracts had more influence. CBOE later delisted Bitcoin futures so I couldn't get that data. Overall, Bitmex and CME contracts have been averaging around 50% of the role in price discovery. To make the dominance clear, look at this chart where I add Bitmex Futures and Perp contract's dominance figure to create a single dominance index. There bitmex leads 936 of the total 1334 days (Bitfinex leads 298 days and coinbase and binance get 64 and 6 days). That is a lot. One possible reason for this might be Bitmex's low trading fee. Bitmex has a very generous -0.025% maker fee and price discovery tend to occur primarily in the market with smaller trading costs (Booth et al, 1999). It may also be because our market is mature. In mature markets, futures lead the price discovery.
Table 1: Days Lead
Out of 1334 days in the analysis, Bitmex futures leads the discovery in 571 days or nearly 43% of the duration. Bitfinex leads for 501 days. Bitfinex's high number is due to its extreme dominance in the early days.
Table 2: Correlation between the close price and Exchange's dominance index
Binance, Huobi, CME, and OkCoin had the most significant correlation with the close price. Bitmex, Coinbase, Bitfinex, and Bitstamp's dominance were negatively correlated. This was very interesting. To know more, I captured a yearwise correlation.
Table 3: Yearwise Correlation between the close price and Exchange's dominance index Price movement is pretty complicated. If one factor, like a dominant exchange, could explain it, everyone would be making money trading. With this disclaimer out of the way, let us try to make some conclusions. This year Bitfinex, Huobi, and OkEx, Tether based exchanges, discovery power have shown a high correlation with the close price. This means that when the traders there become successful, price rises. When the traders there are failing, Bitmex traders dominate and then the price is falling. I found this interesting as I have been seeing the OkEx whale who has been preceding price rises in this sub. I leave the interpretation of other past years to the reader.
My analysis does not include market data for other derivative exchanges like Huobi, OkEx, Binance, and Deribit. So, all future market's influence may be going to Bitmex. I did not add their data because they started having an impact recently. A more fair assessment may be to conclude this as the new power of derivative markets instead of attributing it as the power of Bitmex. But Bitmex has dominated futures volume most of the time (until recently). And they brought the concept of perpetual swaps.
There is a lot in this data. If you are making a trading algo think there is some edge here. Someday I will backtest some trading logic based on this data. Then I will have more info and might write more. But, this analysis was enough for to shift my focus from a Bitfinex based trading algorithm to a Bitmex based one. It has been giving me good results. If you have any good ideas that you want me to write about or discuss further please comment. If there is enough interest in this measurement, I can setup a live interface that provides the live value.
￼ ￼ Dogecoin surges to dizzying heights amid TikTok hype Oliver Knight July 9, 2020, 6:27 am Dogecoin, a longstanding staple of the cryptocurrency ecosystem, has been struck by a remarkably unexpected rally over the past 48-hours, with it now trading 82% higher against Bitcoin than it was two days ago. The meme-friendly digital asset, which was created as a joke in 2013, has emerged as a target for millions of TikTok users that claim it will rally all the way to $1. The #DOGE hashtag now has millions of posts on both TikTok and Twitter, with cryptocurrency exchanges responding by listing both futures and perpetual swap contracts of the cryptocurrency. This morning Binance revealed that as of tomorrow customers can trade Doge/USDT with up to 50x leverage. Bitfinex, meanwhile, announced that it will list MDOGE with a conversion rate of one million as it attempts to capitalise on the recent wave of hype. ￼ While a coin like Doge pumping unsustainably may seem like fun, investors should be wary about using leveraged products as it massively increases the risk of liquidation. To be clear, this is not financial advice but retail investors should be cautious about buying into an asset that has already made substantial gains on the back of a viral social media post, especially when Doge has been the recipient of a number of pump and dumps over the past two years. Looking at Dogecoin’s chart, the current level of 50 sats has been a historical point of support and resistance dating all the way back to 2015, which means price may be halted here unless another wave of volume comes in. For more news, guides and cryptocurrency analysis, click here. Update privacy choices
Bitfinex Margin Trading, COVID-19 Country Data, Cancel all Alerts
Read this on the Cryptowatch Changelog. Cryptowatch has introduced margin trading for all Bitfinex pairs that support leverage. We've updated our alerts service, adding a Cancel all feature that lets you clear alerts across all markets. On our COVID-19 tracker, you can now sort all data by country, view the chart with either a linear or logarithmic axis, and switch between daily and total data. The Cryptowatch Marketing team also recently posted a comprehensive reading list from our very own The Dude, who spent over a decade yelling and screaming in the NYMEX and COMEX trading pits, as well as an interview with @lowstrife and a report on Bitcoin spot market growth.
The crypto market is so manipulated it's astonishing. We need adoption, adoption, adoption TODAY.
Nothing new, we've been saying it for ages, but since I started learning trading a few months ago, spotting it is much easier. For example, take this recent price move: Alts had been rising for the last day or so, with some like BCH rising up to ~11% versus BTC (BCHBTC +11%) - many others likewise. Now, if you have a coin worth, let's say, 0.007 BTC and 70$ in terms of USD, if BTC, being the main trading pair of the market, loses 30% of its USD value and goes from $10000 to $7000, your coin worth 0.007 BTC would lose 30% USD value too, in our example going from $70 to $49. What we just witnessed was pure manipulation. BTC dropped from ~$10600 to ~$10000 losing 6% USD value in an hour, while ALL alts lost 10-15% USD value, something totally illogical: ALL alts just lost 4-5% of their ALTBTC pair value at the same time. The logical thing to happen if every alt is being sold for BTC would be for BTCUSD to rise, since all alts (each with its USD price) being exchanged into BTC pumps BTC price and bitcoin dominance %.
What just happened was EVERY ALT/BTC pair was ~4% sold simultaneously into BTC AND BTCUSD price not rising but tanking 6%, a clear sign of an orchestrated cryptomarket dump with market cap losing billions (into a “stablecoin” most likely). Clearly, there is some algorithm controlling the whole crypto market with endless funds (coins) dictating what the market does, selling everything at the same time and so on. This is no group of individual trader whales, this is some huge power bigger than CME or a country, and most likely the one controlling Tether.
Tether was engineered and created as a tool to suppress the growth of cryptocurrencies. It’s not even hidden; its very name is telling you it is the tool used to tether crypto to fiat (air). It works the following way:
Tether facilitates the pump of your coin of preference by allowing you to buy it with thin air, much like the same way a “receive 1000000 currency” cheat works in a video game. This was done to BTC after successfully taking over it [Blockstream successful social attack & takeover of Bitcoin, then derail the project so it no longer is a decentralized P2P currency for mankind]). By buying bags and bags of a coin with thin air, you get to dictate "what the market has decided", you control the main crypto trading pair and you get to dump the market later to suppress price growth of other coins (you dump BTCUSD 5% and you suppress any ALTUSD price around 5%).
Tether facilitates the dump of any coin of your choice by having allowed you to accumulate huge amounts of it. By being able to dictate the dynamics of the market and pump a coin's price by buying it with air or BTC bought with air, you drive FOMO investors to it, which increases its price and allows you to later market sell some of your bags into them at higher prices in order to accumulate more BTC and create a panic sell-off (this is done to ALL alts in cycles - check historic bitcoin dominance % and see the cycles). Likewise, you get to buy massive amounts of every coin at bottom levels with limit orders, avoiding pumping their price as much as possible), which later allows you to unload huge amounts of said coin at key moments if it is rising and you don’t want that to happen. Compare the BTCUSD daily chart to the BCHBTC one, compare the amount of wicks to the upside and think about if the BCH one seems organic to you.
This is done to each and every alt as necessary in order for your controlled coin to retain the #1 spot. ETH, BCH, whatever might challenge BTC. Tether is not something ran by some group of malicious individuals that have set up an offshore company to make a few hundreds of millions with a stablecoin fraud. This is an operation on a global scale that utilizes corrupt humans running companies (Bitfinex, nChain, etc.) as tools to suppress cryptocurrencies and to prevent the mass adoption of a decentralized, peer to peer currency from overthrowing fiat. The next logical question is what we do, and the answer is adoption. If you build a closed-loop economy with a coin and start pricing stuff in itself and not in fiat, you become immune to their fiat-value shenanigans. I'm talking about buying food, paying your rent, selling your labour and living exclusively off of a decentralized cryptocurrency. Obviously, at this point they would attempt other things, like a 51% attack with the hashrate they would have purchased with their monopoly money. This is something BCH is vulnerable to, but this beyond the scope of this already long enough post :)
Due to the recent price hike, I am wanting to open a short but cannot find a decent exchange to do so other than kraken, which from what I have read would be best to avoid. Any recommendations for btc/eur exchanges to short on or alternate methods through tether maybe??
Hey guys, trying daytrading a bit with moderate success. I'm very lucky I'm bearish else the dip yesterday and today would have screwed me. Watching gdax, and checking bithumb and bitfinex is making me realize how little of the picture I'm getting. Gdax is clearly trading based off of other exchanges right now, buy and sell walls are no indication. Any thoughts on how to get a better picture?
Crypto Market Below $200 Billion, Bitcoin Falling To Sub-$7,000 Levels
If Bitcoin Fails To Keep Its Current Levels, The Crypto Market May Experience Another Steep Downfall What seemed a week of upwards momentum for the crypto sector vanished in the past 24 hours, as Bitcoin suffered from a massive price hit. The leading cryptocurrency to date saw an almost $200-per-minute slump, forcing the market to retreat below $200 billion total capitalization. Apart from Bitcoin, which almost deleted its gains from the start of the week, other crypto projects felt the same downwards push. Ethereum (ETH) lost 7% off its price, currently trading at $159,20 despite a weekly high of $172. Ripple (XRP) fell with 7% pricewise, shaking hands around $0.1886. The third-largest cryptocurrency almost managed to mitigate the massive price drop due to the COVID-19 virus outbreak, reaching levels of $0.203868. The rest of the top-100 chart is almost entirely in the red, with projects losing 2-10% of their gains from the past week. The stablecoin realm managed to record increased trading volumes, mainly due to outflow from holding Bitcoin. Crypto traders noted that Bitcoin’s $6,900 trading level is the first major support zone for crypto bulls. If the weekend pressure manages to overcome the bullish resistance, the next possible low for Bitcoin is expected at around $6,000. Crypto trader Michael van de Poppe commented on the current market situation, noting that “we might see a liquidity shortage at $7,500-7,700, which would result in a sharp price drop.” Indeed, crypto experts pointed out that technically, Bitcoin formed a “double-top” bearish formation, which bulls didn’t manage to hold. Some experts think the downwards correction is most probably due to whale traders. Twitter crypto bot WhaleAlert exposed a series of mid-size transactions from exchanges to private crypto wallets. The amounts, ranging between 900 and 5,000 BTC, are too small to be classified as internal restructuring, but large enough to be noticed. For example, WhaleAlert tweeted about a 5,000 BTC transaction (worth $36,484,419 at the time of publication) between Bitfinex and a yet unspecified wallet address. It seems whales are moving their stash to somewhere safe, probably expecting another portion of a downward correction, which correlates with the increased trading volumes in stablecoins, as they are commonly referred to as a gateway between fiat and crypto. Meanwhile, the crypto market seems to be engulfed by fear, according to the Fear & Greed Index. The index indicates a measure of 15. The traditional stock market seems a bit more trustworthy, at least from the Index reading of 43, as the U.S. Federal Reserve issued at least two trillion in stimulus packages to U.S. citizens. However, some crypto projects continue to thrive amid the global market recession and virus outbreaks. ChainLink (LINK), for example, managed to go up 32% just from the past week. The oracle platform’s token also almost doubled itself from the COVID-19 lows of mid-March. However, LINK is still 38% of its all-time high of $4,97, recorded days before the massive market wipe-out.
The results of the Streamr Community Survey are in! Find out what first attracted the Streamr community to the project, what motivates them, and what they'd like to see in future. Thanks to all who participated!
1. When and how did you first learn about Streamr?
https://preview.redd.it/fzqfmica8aj41.png?width=3224&format=png&auto=webp&s=10595dfeb00d322fcfff71c75fa44fd15540eaa3 Exchanges and token searching are the leading ways in which the Streamr community discovered the project. Social media follows in second. This might indicate that those with an interest in token trading comprise the majority of respondents. Social media use and word of mouth also show their influence, which falls in line with Streamr marketing intelligence. The prominence of the Bitfinex exchange and ICO suggest that many respondents have been following the project from its early days.
2. What first attracted you to the Streamr project?
“The concept of decentralizing and monetising data.” “Giving people back control of their data sounded like a worthy project and the IoT examples sounded like ideal application of blockchain technology.”
The Network, Marketplace, and decentralization of the data economy also came through in the answers.
“It is interesting how Streamr wants to build a decentralized data network based on a blockchain other than Bitcoin. Something scalable that allows connection to IoT devices.” “Decentralized IoT and the idea of a data marketplace where buyers and sellers meet and establish a price for possibly huge amounts of data.”
3. Which tool/development area are you most interested in?
“Swash… All the potential DApps that can be built on Streamr… And taking back control of our data.”
The potential of the Streamr stack to act as a platform for others to build on, a platform for existing projects to integrate with, and a tool for a more fluid data economy also came across.
“Swash! Because it is very pragmatic and actually produces the data in decentralized environment. […] At the moment, the most difficult part [in a] data economy is ‘having meta data’ because no one shares. Swash and similar DApps produce this for Streamr.” “The idea of revolutionising the data economy… And the good community.”
6. Apart from the token price, what do you dislike or what would you like to see the project do differently?
“It’s a bit disheartening to see that token economics is talked about probably once or twice a year (when prompted by community members pushing for updates on it).” “Staking the token as part of the network. Its the only reason a lot of people were interested originally. Please don’t push it back further. Streamr should also be prepared to talk about the token — it feels like Streamr always has to be forced to mention it.” “Tokeneconomics. Now you know who I am. 😁”
It’s true that despite various discussions in the community, direct comms on how the token’s utility has progressed since the whitepaper is lacking. This is largely because the token’s function is still developing, and won’t take full form until the later stages of the Network are rolled out. The token is currently used as a means of payment on the Marketplace and for individuals to earn DATA by contributing to Data Unions. Still to come are functionalities around token stake checking and incentive mechanisms enabling node rewards. Proposed solution: A blog from Henri and the team on some of these plans as they take shape could address some of the uncertainty. Keep an eye out for an announcement on tokenomics in the coming weeks. 2. Project direction/partnerships info
“A little bit more of a plan to understand future partnerships and developments. Something that should be easy to understand for the Average Joe. I think it will reach more potential investors.” “More internal development communication should be public for Streamr to be a decentralized project, otherwise it’s a company and its followers.” “Improve transparency. I fully understand that ICO investors are not shareholders, but it’s often very hard to get a sense of what you’re working on and with who, and why. Things get announced, but little is known about your mission or business goals.” “Proper financial, personnel and visions report. Quarterly please. This is something that brings certainty to the project, as the community will know how things are going in the grand scheme.”
Giving granular updates on the project’s direction (beyond tech updates) or the status of partnerships, while desirable for the community, is not always possible or profitable for the project. This is due to NDAs, coordination between multiple external parties, shifting priorities, value considerations on timing and announcement strategies — plus many more case-by-case factors. Proposed solution: Streamr will produce a yearly report outlining the achievements, challenges, goals ahead with a breakdown and comments from each project team, and a high level overview on finances. This would also add value for potential partners and less active followers to get an official insight into the project’s status. 3. Marketing
“Lack of awareness of the project. Recent community products [Data Unions] marketing is good, but it was about 1 to 1.5 years of nothing prior to that.” “There could be more articles just applying Streamr Core to interesting things, interacting with smart contracts etc. I feel we get one integration every 1.5/2 months, but sometimes simpler is better.” “Communicate the vision and the market you’re addressing in a more boastful way.” “More applications for making data something tangible that you show like a footprint to exemplify to no-coiners how much value the average person generates.”
Desire comes through for increased communication from the project, focused on how to apply the Streamr tech and attract a broader audience. The comms team face a continual (and interesting) challenge to strike the right balance between updating followers, attracting devs to build and use Streamr tools, communicating the project’s goals, and generating user awareness for products still in production. Proposed solution: A comms shift towards adoption and attracting Data Union users outside the current technical and web3 sphere is on the horizon, which will address some of these suggestions. Further examples of Core in action, perhaps with more accessible canvas templates as starting points, is another possibility in the future.
“An open and permissionless network for the data economy, connecting producers to buyers, not owned by a centralized authority.” “A real-time P2P data network where each participant can control and manage data they produce. Data integrity, authenticity and security is ensured by the blockchain.” “Real-time data layenetwork and marketplace.” “A platform where you can sell and buy data in real time.” “A toolkit for constructing decentralized data streams which buyers and sellers trade in a marketplace.”
Coinviva Market Weekly Report - Week of 05/04/2020
BTC/USD Hourly Chart The Bitcoin price was able to break out of the upper Keltner channel at $6,540 and reached as high as $7,285 at one point. It went back to $6,818 which is near the resistance level from last December. The higher highs and higher lows show that the price is back on an upward trend. The BTC price is expected to test the $7,140 resistance next week. If the momentum keeps up, the price can potentially go back to $7,650 in the medium term. For the time-being, wait for the price to break above the Keltner channel again near $7,000 and then enter a long position, with support at around $6,650. Review of the week: Despite the economic downturn induced by the coronavirus pandemic, Kraken CEO Jesse Powell predicts that Bitcoin (BTC) and the crypto industry as a whole will perform well in the months ahead. In an interview with Forbes, Powell reveals that while many companies are laying off workers, the San Francisco-based exchange is increasing its staff by nearly 10% due to an uptick in interest in the cryptocurrency market at large ever since the coronavirus surfaced in China. He says that both the cryptocurrency and traditional markets have their share of retail investors who make trades on a whim, and that Bitcoin has remained relatively stable, with the price rebounding by 30% plus last week. A closely-watched Bitcoin (BTC) whale Joe007, who earned $20 million in realized profits on Bitfinex between February and March, says he expects more pain ahead for the global economy and predicts waves of volatility as governments push to prop up traditional markets and combat a devastating loss of jobs: “It is going to be the biggest economic shock of our generation. It will unfold in waves and over time, giving false hopes and then crushing them. The focus of the crisis will be shifting through different areas. Attempts to alleviate and solve one crisis will lead to more mess.” He expects investors to continue shifting assets to US dollars – a dynamic that pummeled equities and the crypto markets in March. In a letter to investors, CEO and co-founder of Quantum Economics, Mati Greenspan, says Bitcoin’s recent crash, along with traditional markets, is not surprising. He argues that concerns are overblown regarding whether the leading cryptocurrency still has a future after the volatile pullback: “There seems to be an existential question going around the crypto market at the moment where people are saying that if bitcoin can’t rise in this environment then it probably doesn’t have much of a reason to exist at all. After all, the narrative of using bitcoin as a safe haven in times of financial stress has been a rather strong one throughout the years and so now should really be BTC’s time to shine. Bitcoin was invented to give us an alternative to money that is controlled by governments and banks. The volatility is largely due to the fact that it’s quite new and adoption rates are unstable, which leads to large levels of speculation. So, a measure of success would be to see bitcoin remain on a slow but steady incline, rather than zooming towards the moon due to global uncertainty.” Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice. About Coinviva: Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience. Homepage: https://coinviva.com/ Telegram: https://t.me/coinviva
The Tether Collapse Index, which coins will suffer the most...
The Tether Index
This it the top 20 coins x the top 9 exchanges that deal in USDT. The score is the number of exchanges that have a coin/tether trading pair. A higher score means the more damage to a coin's price should there be a Tether liquidity crisis. (in no particular order because fuck it) Edit: Tether is included because it was in the top 20, but only has pairs to USD on 2 exchanges, so I changed it to infinity risk
| Tether | Exchange:| Bittrex | Binance | HitBTC | Huobi | Poloniex | ZB.com | OKEx | Liqui | Gate.io | | Score | Coin: | USDT | USDT | USDT | USDT | USDT | USDT | USDT | USDT | USDT | |============================================================================================================ | 8 |Bitcoin | X | X | X | X | X | X | | X | X | | 8 |Ethereum | X | X | X | X | X | X | | X | X | | 8 |Bitcoin Cash | X | X | X | X | X | X | | X | X | | 2 |Ripple | X | | | | X | | | | X | | 7 |Litecoin | X | | X | X | X | X | | X | X | | 6 |Dash | X | | X | X | X | | | X | X | | 4 |NEO | X | | X | | | | X | | X | | 0 |IOTA | | | | | | | | | | | 3 |Monero | X | | X | | | | | | X | | 1 |NEM | | | X | | | | | | | | 6 |Ethereum Classic| X | | X | X | X | X | | | X | | 0 |Lisk | | | | | | | | | | | 4 |Qtum | | | | | | X | X | X | X | | 4 |EOS | | | X | | | X | | X | X | | 2 |Hshare | | | | | | X | X | | | | 3 |OmiseGo | X | | | | | | | X | X | | 1 |Cardano | | | | | | | | | X | | 4 |Zcash | X | | X | | X | | | | X | | ∞ |Tether | | | | | | | | | | | 1 |Stellar Lumens | | | | | X | | | | |
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Bitfinex websockets How to create a cryptocurrency trading bot? - Part 16
BitFinex Trading Bot 2020 - (Autotrading bot 50 -100 % profit per day) ... 💎 3Commas Turorial💎 Set up AUTOMATED BITCOIN TRADING BOTS using Custom TradingView Signals #3Commas - Duration: 22 ... This video is unavailable. Watch Queue Queue. Watch Queue Queue These would practical tutorials where I will show you how to build own trading bot. In this video we will continue improve blade runner trading bot. I will show you how to use Bitfinex websockets ... How to buy and sell bitcoin on Bitfinex - Duration: 6:07. Yaliwe Soko 63,810 views. 6:07. Bitcoin Trading for Beginners (A Guide in Plain English) - Duration: 18:48. ... Heute sprechen wir über folgende Themen: Binance startet eigenen Bitcoin Mining Pool, Institutionen zeigen grosses Interesse an Ethereum & Bitfinex startet Social Trading Plattform Pulse. 1.)