Top 5 Cryptocurrency ETFs to Invest in

Short 10Y JGBs and German Bunds

automod won't let me share for some reason, but would like to start discussing the end of the biggest bubble in the history of the world still not popped. Yep, sovereign bonds. Specifically, Japanese and German bonds that's still considered a safe haven in this world full of crashing markets and full on pandemic induced liquidity crunch. People sell anything they can get cash to meet margin calls with and yet these sovereigns have held up remarkably well because people think this only goes up in bear markets. What were the other "safe" havens people are now liquidating? One starts with a G and ends with OLD and the other is something something bitcoin.
The financial crisis and great recession in 08 had arguably been averted by ultra low interest rates where banks borrowed money from the central bank's only to buy long dated government issuances for lit free tendies like the autists that all professionals like to pretend they are not. Nowhere had this retarded behavior been as apparent as in the German and Japanese bond market (at least the most liquid ones)
I won't pretend I'm some expert on repos and leverage on eurodollars like that noob that got all that attention week or two ago but I am retarded enough to make a bet that this trade is in the starting stages of unwinding. At the very least, people will prefer US treasuries with a Fed going zero rates rather than retarded ECB that has set their facility rates at neg 0.4% and Japan with no choice but to keep monetizing to the point they are literally holding 30% of stock ETFs (Google it) to the point these two more retarded central banks are so much more retarded than even our own retarded Fed.
Best part of this trade is the IV on sovereign bonds is retardedly low for these sovereigns (no one expects them to blow out) Bunds is around 10% and JGBs are a measely 6%. In a world where all our retarded SPY puts are around 80% that is a steal.
So since you've read this far, here's the trades (and my positions linked)
Puts on 10Y German Bunds (ticker GBL in interactive brokers) any strike below 173 with Jun Expiry (next futures roll)
Puts on 10Y JGBs (ticker JGB in interactive brokers) any strike below 162 with Apr or May expiry (more liquid)
I put my money where these thoughts are but that doesn't mean you should. Please don't blame me if central banks somehow keep this bubble going for another 6 months and the most you'll lose is a few thousand dollars in premium per contract.
[positions] https://imgur.com/gallery/LCrSLB5)
Edit: My previous DD on this blocked by automod https://www.reddit.com/wallstreetbets/comments/fau18i/puts_on_german_10y_bund_futures/?utm_medium=android_app&utm_source=share
submitted by c4tmu5 to wallstreetbets [link] [comments]

Big News. The New York Stock Exchange is getting into Bitcoin. WOAH

Big News. The New York Stock Exchange is getting into Bitcoin. WOAH submitted by lonelycatcarrot to Bitcoin [link] [comments]

Does a Bitcoin ETF mean that we're one step closer Wall Street manipulation of BTC price?

I understand the benefits of it becoming legitimized by governments and becoming mainstream, but for long term holders, wouldn't this be a bad thing in terms of speed of price rising? They did the same thing to Gold in the 70's when they introduced the GOLD ETF.
submitted by ynotplay to Bitcoin [link] [comments]

Is it the right time to buy the dip?

Is it the right time to buy the dip?
https://www.bloomberg.com/opinion/articles/2019-01-09/gundlach-compares-recent-buy-the-dip-mentality-to-subprime-crisis

Gundlach Compares Recent Buy-the-Dip Mentality to Subprime Crisis

Jeffrey Gundlach is worried that investors are getting suckered into buying the dip in stocks, high-yield bonds and leveraged loans.
In his annual “Just Markets” webcast on Tuesday, DoubleLine Capital’s chief investment officer sounded off on a range of topics, including Bitcoin, Federal Reserve Chairman Jerome Powell’s “pivot,” the growth of the U.S. national debt, and the problem of underfunded state and local government pension plans. But it was the “BTFD” 1mentality that’s lasted for so long in risky corners of the financial market that had him drawing comparisons to the subprime mortgage crisis. He explained his chief cause for concern:
“People were panicking in the later part of December. They were panicking, actually, but the flow data shows they were panicking into stocks, not out of stocks. People have been so programmed, and feel so frustrated by selling when we get dips, that this time they weren’t going to be fooled. This time, they were going to buy the dip. I worry about that, though, because it reminds me a little bit about how the credit crisis developed in 2007 and 2008.”
He’s right. A quick look at fund flow data for the iShares Core S&P 500 exchange-traded fund (ticker IVV) and the SPDR S&P 500 ETF (ticker SPY) tells the story. The iShares fund avoided outflows from Dec. 11 through the end of last week, even as stocks fluctuated wildly, data compiled by Bloomberg show. The SPDR fund drew the most money since February on Dec. 21, the day it tumbled 2.62 percent, part of the fund’s longest losing streak since January 2008.


https://preview.redd.it/a4z0rqb9gm921.png?width=754&format=png&auto=webp&s=2c6acad308881b15b4d8f3c96966b43a337eca35

Whoever did that is “feeling good today,” Gundlach said. But he offered a reminder of what happened to investors more than a decade ago who snapped up subprime mortgages at what they thought were low prices.
“The people who bought the dip, they didn’t sell, they hung on, and the market started to crack again. And we have that waterfall that ended up happening. The people who bought the dip ended up getting scared and turned from buyers into sellers. There’s potential for that here.”
It’s not just the U.S. stock market that’s witnessing this, either. Junk bonds have come roaring back, with the Bloomberg Barclays U.S. Corporate High Yield Bond Index already returning 2.5 percent so far in 2019. The average price of leveraged loans, as measured by the S&P/LSTA Leveraged Loan Index, is up to 96 cents, compared with 93.8 cents at the end of 2018. Investors should use this recent strength in junk bonds “as a gift, and get out of them,” Gundlach said.
“Investors bought bank loans and high yield, I can understand why you buy the dip, I get it, buying the dip certainly worked back in 2016 and if you missed that, you feel bad about it. But like I said about subprime back in 2007, the first people, they buy the dip, they’ve never done that before, but they’ve been trained now to do it after continued frustration for not doing so, and then when prices head lower, suddenly those buyers turn into sellers, and with all the supply that’s coming, it’s a really interesting issue who’s going to buy it.”
All of this is to say Gundlach doesn’t seem to be a fan of risky investments at these prices. By his thinking, capital preservation is key because markets may be approaching the point at which some of these dips are going to end up being much more than just that. Though he wouldn’t necessarily load up on long-term U.S. Treasuries, either — that rally might be over, after a nice rebound to end 2018, he said.


https://preview.redd.it/71bstrtigm921.png?width=780&format=png&auto=webp&s=a3750e6fba846d2f0c945755ba7fcc975dae673d

Dismiss his gloomy outlook if you wish, but, as Bloomberg News’s John Gittelsohn noted ahead of the webcast, a lot of what Gundlach predicted in 2018 came true. He called for U.S. equities to rise early in 2018 but then eventually reverse and leave the market down for the year. He nailed the direction of stocks better than some of his equity counterparts.

If you’re an active fund manager, it’s hard not to sympathize with his view on buying the dip. It has been so prevalent, for so long, that it seemed almost inevitable that the late 2018 drop wouldn’t last. The wave of cash coming into passive ETFs tracking the S&P 500, even as the market tumbled, says it all.

No one is perfect when it comes to predictions, but Gundlach’s 2018 calls were largely spot on. If that happens again in 2019, investors had better buckle up for some turbulent times.
submitted by optionsnewbie94 to options [link] [comments]

Silbert’s Bitcoin Trust Gets Finra OK to Be Public Fund: WSJ

http://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094?mod=wsj_nview_latest
submitted by mahrens917 to BitcoinMarkets [link] [comments]

Bitcoin encourages actual saving, something most of the population desperately needs. For the first time, I'm actually enjoying saving my money.

For the first time in my life, I'm excited about saving.
I bought another two bitcoins today: It felt good. I've never felt that way about transferring money to a savings account or buying shares of a stock. Why?
Putting money in a savings account has always felt wrong to me, even before I understood the stupidity of the math behind it. Those dollars are earning the interest equivalent of being inside a mattress, and are getting weaker each year through inflation. And if/when hyper inflation shows up, forget about your pathetic savings accounts.
Real estate is out. I'm still laughing about my ex getting the house in the divorce, only to have her get wallet raped when they immediately tripled her property taxes (nearly doubling the mortgage).
The stock market or funds then seems the only logical choice for someone who wants to save. But you know what's not exciting? Buying stocks at all time market highs. Even if it turns out to be the mathematically correct decision down the line, the threat of losing your investment or the worry of the ticker destroys any feel good feelings you have. Buy and hold (for forty years) is dead. If you don't believe me, invest in the railroads, like daddy always did. And we're not even addressing concerns about the underlying currency the market is built off of.
After all of my financial study, until bitcoin, I determined the only reasonably viable 'fire-and-forget' way to save funds in our modern world was technology ETFs. That's a pretty good way to save money, but bitcoin is even better.
We have already reached the tipping point. In a matter where faith is the principal behind which value rises, faith in bitcoin has surpassed the critical amount needed for superadoption. Now we just need time.
When I buy a piece of bitcoin, I feel like I'm buying land or a hot dot com domain in the nineties. Something precious that they're not making more of. Bitcoin is that and more, because it could reasonably scale to the space age and beyond. Dollars, gold, and land won't do that.
In 200 years, when you need to send money to Mars colony, what will you do? Send bitcoin. It's a reasonable future, and it's the only currency we have that has that promise and potential.
When space mining ramps up, all precious metals will rapidly become worthless. The 6000 year old bubble will come crashing down. When the next plot to save the value of fiat comes about (because they will inevitably need to raise interest rates or face QE infinity) then there is a good chance that people will look to put their assets in something that can't be created out of thin air. We already know what that something is.
The blockchain 🔗 is here to stay, and will be used to store information for thousands of years. It can't be expanded, no matter how far consciousness or the economy expands. It is limited to 21 million bitcoins, which then can be broken down to individual satoshis, but that's it. If you own a bitcoin, you own a piece of the future.
To the paid trolls who will invade my topic, go right ahead. I just hope you take some of what your masters are paying you and buy some bitcoins with it. Because deep down, we both know the truth.
And for the trolls that aren't being paid, I truly feel sorry for you. Because you are the ones who are dedicating your life to proving the world is flat, and crying for those who claim otherwise to be burnt at the stake. And the world will eventually eat your dust, and life will go on without your resistance to change. Because that's how the universe works.
I was already one of 21 million by owning a whole coin (the concept of which will seem ridiculous in fifty years... An average person controlling an entire bitcoin? You could only wish!). The next step? Becoming one of 2.1 million, by hitting ten coins.
I'm saving my money. And it feels good. I wish the same feeling to everyone else.
edit: Just put my money where philosophy is: Sent 0.10 bitcoins through Coinbase as gifts to my five best friends/family. Now five more people are part of the future, before it even arrives.
2nd edit: My brother just accepted the 0.10 bitcoins and set up a Coinbase account. Now he is excited about buying and dealing in bitcoin. Not a big deal? I love my brother, but he lives in small town America and refinishes furniture for a living. He is in his forties. He is not technologically savvy. But he is learning about bitcoin, and is excited about it. All the Fox News he has watched has primed him not to trust the government, and he just found something he can rally behind. News Corp just shot itself in the foot. He won't be refinishing furniture for too many more years at this rate. Now he is saving his money, something he has never done before.
submitted by americanpegasus to Bitcoin [link] [comments]

Beginners Guide to Investing in Cryptocurrency from an Entrepreneurial Standpoint

Hey you guys and gals. I have been seeing a lot of new people coming into this sub and I was hoping to shed some of my opinions and things that helped me along the way. I know this has been done quite a few times, but different things work for different people, and I am hoping to approach this from an investment standpoint. I am sure I will get some hate for this with some of my opinions, but hopefully this helps one or two of you out. Anyways, if anything I stated is glaringly wrong I would love a message about it and am glad to have it removed or altered. I am going to do my best to not push anything in particular, but some recognizable names do come up as examples. I am coming to this with a business and investment viewpoint and a mediocre understanding of the tech. My background is entrepreneurial, which I feel is useful in the current state of the crypto market. I hope this gives you a brief introduction into some basic investment ideas and thought processes, and is generally a good guideline to help you get into trading! In no way will I be attempting to explain the technology, because I do not feel I have a worthy grasp on it, and the people in the Crypto Technology subreddit have much better idea.
Introduction to Cryptocurrency via Whitepaper
First thing I think is important for everyone to do is read this whitepaper from Raiblocks XRB (name change soon to nano possibly). I enjoyed this paper because it outlines basic tech in such a way that I think everyone will understand, even those of us who are not tech savvy. I feel it is important to understand the basic technology before sinking any money into it. I have tons of friends who ask me about getting into it and the first thing I have them do is read that paper. They always return with a fresher point of view and are usually more open to hearing my opinions and are willing to do more research on their own time. In no way am I attempting to push Raiblocks. I just think they have a great whitepaper that everyone could learn from.
Research
Once you have read that I want you to go look into 10 different cryptos/coins you have been hearing a lot about, and I mean seriously looking into them. The most likely reasons that you are here is that a lot of these currencies are increasing in value significantly and people are making large sums of money off of it. Most people have done their due diligence on maybe one or two of them, and scarily some people are sinking money into things based solely on articles or the blind belief that everything will just go up in value no matter what they buy. Currently there are over 1400 of these available for purchase across a variety of exchanges. I would be hard pressed to say that even 75% of these seriously have anything reliable to invest in, or really have any clear roadmap to try and increase in value. Because, let’s face it, most of you are here to make money. You want your assets to increase in value, yes? Then you need to invest in something that hopefully will expand and grow and have some sort of real world application or exciting technology. The days of putting money into crypto and getting by with a catchy name are gone. Certainly a great name can help you on social media (think Ripple XRP), but there is going to have to be more behind it than that.
So when you look at your first one I want you to go to a site such as this cryptocompare.com and look up your first coin. The search bar is in the top right. Once you select your crypto you will be met with some big numbers across the top. Assuming it is set the same for everyone it should be set to your coin compared to bitcoin (BIT). Select the white drop down bar and change it to USD, because this is what most people want to see. Please take a look around this page and try to click through everything and see what you understand. If everything on that page is foreign it is totally okay to look stuff up or ask someone. I would prefer people going into this with as much understanding as possible. Investing any money into something blindly is a dangerous thing to do and we should encourage people to ask questions. Not everyone may grasp something as good as you, but that does not mean you should knock them for it. Before moving onto the next part I would write down the name, the current market value, supply, and ticker in a notebook. Also write down the value it was at a month ago December 1st. A lot of movement has happened since then so I want people to understand just how much has occurred. Leave yourself some room to write some more stuff.
Once you feel you understand the layout I want you to go to your first crypto’s website. If you can’t find the website search for a whitepaper on whitepaper database. Look around the website. Does it look clean? Is it disarrayed? Does it look like something you would want to sink money into? If this was a piece of bread, is it moldy or fresh? Alright, it looks good. Search around. Check out what the people behind this product are putting up for people to read. If this was a person would they have presented themselves in a professional or unprofessional way? Read a couple of posts. Look for the whitepaper. Hopefully it is relatively easy to find. If not, go to the database linked above. Read through that. Try to understand as much of it as possible. They hopefully have a clearly defined goal or project they are working on. Hopefully they have details on what is being done to achieve these goals. Maybe they have some of the team members listed out with prior experience. It is a great sign to have something relating to the crypto world, and hopefully for more than a month’s time. If that all checks out and you are feeling more confident about this then I want you to do some social research. Check out what is being said about it. Are people just pushing there coin on Twitter or Facebook in an attempt to get it to increase in value, or are there serious technical or market news and articles on it? The latter is usually the sounder investment in my opinion.
Write down some things in your notebook. Partnerships, new tech they are working on, companies utilizing it, projects, etc. Anything you think may be important for when it comes to make a decision.
Once you have done this for the first one, I want you to do it for 9 more. Write down things that they have similar, different, market cap size comparisons, buzz, what is a scam, what is not. Some of this is gut feeling, and some of it is just plain facts.
Basic Things I Like to Look For. By No Means an All Encompassing List
I just wanted to point some things I look out for when I am searching for something to invest my money into. Remember this is real money we are talking about hear. Anyways on to some things I look for. The first one comes from a book I read called the Blue Ocean Strategy by Renee Mauborgne and W. Chan Kim. The basic premise is that tough competition is found where there are many people vying to be #1. Everyone wants to be the next bitcoin, but who is doing something to separate themselves from the crowd. Competition creates red water (think sharks fighting – it bloodies the water) and lack of competition (hopefully cause you are an innovator) is calm, clear, and beautiful blue ocean with tons of room to work in. Now granted this does not mean that a cruddy but different coin is good, and on the flipside that having competition is bad. This is just a good thing I like to consider when I separate the two. Now you also have to remember that crypto will be worldwide. So certainly there can be multiple competitors in different regions. The Amazon of the USA is the Alibaba of China. They both have certainly done well for themselves. But during busy times like this, the crypto boom, there will be a lot to sift through, and eventually some will fail and people will be forced to chalk it up as a loss.
Before we get any farther I want to remind everyone about something. I hear stories about people sinking all of the extra money they have into this, and that is not a good call. Only expend what you can survive without. Maybe you have a few thousand you were saving up for a new jet ski and think that investing is a better call. I say go for it. I own a jetski, and trust me you will not want it within in a couple of months. But, be careful. People lost a ton of money in the dot.com bubble. I am not saying it is going to happen, but you just never know, that’s why it is called a crash and a bubble. You do not know when it is going to happen.
The second thing I like to look for is pulled from Good to Great: Why Some Companies Make the Leap and Others Don’t by Jim Collins. This is a great read if you want something to throw by the toilet. Pretty basic to understand and has a lot of good things in it that I reference when I am looking at businesses. Some things I pulled from that are the phrase that, “good is the enemy of great”. Just because someone makes a good technology does not instantly make it valuable instantly. Getting people to use it and find value in it is what is important. Let’s face it, more and more people of wealth are getting into crypto. The things they expect a return on their money for will need to have something backing it, people working to spread it, continuance of invocation, possibly even pushing into other markets, etc. Standing still and hoping your technology will just work might not always be the answer anymore. When I say someone backing it, I mean are there people lining up to use it, and if not is there a great team working on development and attempting to get people to utilize it. Getting the right people on the bus (team) and in the right spots is another point Jim Collins makes. That means that the necessary skill is being put into the right positions to make this happen. Basically is the business guy able to go out and get the business side done well, and is the skilled developer able to focus on his/her job. People with a history are usually a good sign (people can be fraudulent about history so be careful). The last concept is about building something that will last. Apple would not have the backers and the market cap to match if people were afraid it was going to collapse within the next two months. Find something you think is shooting for the long term.
I will not divulge any further what I find important to look for. I think it is important for everyone to do their own research. This does not mean sit on the computer all night and wait for articles to pop up showing that your coin is going to skyrocket. Find something you have a hunch on. Pick it apart. Write down good and bad things. Hopefully the good outweighs the bad.
Bonus one cause it is on my mind lately - One more thing I like to look for is if the business/coin/crypto/token/whatever solves a real world problem and if that problem is prevalent enough that people would be willing to pay for it.
Portfolio
Just a couple remarks on a portfolio. Everyone has heard the saying, “don’t put all your eggs in one basket,” right? It basically translate to do not put all your money in one crypto. For many of you this will be your first time investing. Most people who have been long term investors (10+ years) do not just have common stock in their portfolio. They have ETFs, bonds, mutual funds, CDs, so on and so forth. Certain things in those portfolios are more risky, and certain things are less risky. Most of you are all banking on one market, the crypto market. I think you have to let that sink in. There will be corrections, stuff will lose value, stuff will maintain its value, and others will hopefully go sky high.
That being said, since we are focusing on one market, we should definitely try to diversify within that market segment. Do not just buy one thing because you think it is going to skyrocket one day. That may not happen anymore for all we know. Find a few that are focusing on tech, some with good partnerships, others that are more risky, and some that are less. But please do not put it in just one. I am sorry if the one you would have put all your money in hits $1,000 and you miss out on some bucks. But on the flipside is it never hits, you’re even and you miss out on making money in other things, or worse it crashes, and you lose all of your investment. Go for a bigger investment in one that you feel better about, and less that you feel are more long shots. Do not be afraid to shave some profits of if it comes to that. Do not just let it ride forever. Use the money you make if you need it. Transfer it into long term investments if it comes to it (who knows maybe 4-6 years down the line you can afford the down payment on a house). Please do not just put all your money into a $0.001 coin because you can get 2 million of them for $2,000.
Fiat (cash, USD) into Cryptocurrency
A lot of people are looking for ways to change USD into these exchanges. I personally have used a multitude of ways. But I feel that moving money into Coinbase, (do not purchase Bitcoin If you want to start trading immediately) and purchasing either Ethereum (ETH) or Litecoin (LTC) and then transfer it onto an exchange that is verified is the easiest way to begin. Please do two factor authentication and write down your codes and put them in a safe place. If you have a safety deposit box, put it there. Feel free to look up what a lot of other people are using for exchanges, but make sure it has the things you want on it. The correct coins, the right support staff, users, etc. I do not recommend leaving your stuff on the exchanges. I feel it is important to have a ledger. There are two popular brands – Trezor and Ledger Nano S, and I recommend both of them. Please make sure you purchase on their websites. I have heard horror stories about people losing everything because some other malicious party took sold them their stuff and had access to their ledger the whole time. Just be careful.
Day Trading
I am going to put this part in for people who think they will be good at day trading. While there will be some people good at it, the vast majority of us will lose money or shares in a business. That is no good. If you do not know what moving averages, relative strength, or depth charts are, among many other things, and are just going off candlesticks, step away. If you are willing to look into this and have money to lose, cause trust me you will not be batting .1000 let alone .500 in your first couple go rounds, then I say go for it. If you are okay with losing money learning, be my guest. But in my opinion it is best to leave it to the seasoned cryptotraders and the professionals.
Psychology of Crypto
I am not going to pretend to be a psych pro, but I do think it is important to know that money will and will not be lost over the course of a couple hours and a couple months. The inverse is true as well. However, you are making what most consider a risky investment. Something might lose before it gains, or gains and then loses. Heck maybe it loses and never regains. You can’t let this stuff affect you. It is not healthy. Stuff will go up and down constantly in this market. Some people are valuing it, some are pricing, and some are just shooting from the hip. The market will be all over the place and that is just how this crypto market is. But please, do not turn it into an unhealthy obsession. There will be a honeymoon phase where you can’t stop looking at it pricing. I know I look at it more then I should. Do not be afraid to step away from the computer. Go on a hike. Enjoy your friend’s company. Earning money and making sound investments is important, but do not let it take over your life. Find people in your friend group who are into it, and maintain a message group. It has helped me talk with some old friends again and they are always there for great advice when it comes to crypto. Two minds are better than one, but do not fall for Groupthink.
Final Remarks
Y’all, I am not going to lie. It is like the Wild West right now. This reminds me very much of the dot.com bubble, which scares me. I do not want that to be true of course, and I am trying not to start an argument, but this is money. Decide whether you are risk averse or not and plan your portfolio accordingly. I am sure I am missing some things, but I just wrote this since I had extra time to kill. Did this out of the kindness of my heart and not for monetary gain or to push anything. Again, if you feel anything is grossly misleading or incorrect feel free to send me a message and I will gladly throw an edit on there. I am just trying to help people who may not have an investment background start to consider things that might be indicative of a good investment. I am hoping to cut back on the amount of people who lose their money to mistakes and scams. I will likely expand on this in the future if there is some interest.
Edit: I should mention something about people who are looking to trade into altcoins, because I have seen people do this a ton. For example, a lot of people take the Ethereum route, which I agree is good. But you have to understand that the market is extremely volatile. Even on an hour to hour basis. Say you buy 1 ETH at 1,250, and two hours later it is at $1,110. But you are not paying attention to that price. You are hardcore watching Ripple waiting for it to drip below $1.93 from $2. Finally it gets below that price. Actually it hits $1.90! Score! Trade instantly. Bad idea. Yes you saved yourself $0.10 a share, but look at the big picture. You are down $140 on ETH. How much money did you actually save then? You have 584.21 ripple at 1.90 ($1,110 worth). But, if you had just executed at $2 when your ETH was worth $1250 you would have 625 shares. Do not get too focused on the price of what you are exchanging for. Also track what your current hold is sitting at. Not saying you should instantly excecute trades once that coin finally comes in. You should get the feel for the market.
submitted by tangytacosman to CryptoCurrency [link] [comments]

ICON (ICX)

ICO Verdict

ICON is a very ambitious project, aiming to become the biggest blockchain in the world. With proven track records and existing connections with top-tiered industry leaders. It is already providing services, running solid for a couple of years, with working products rather than a concept ICO. A very promising project that you should definitely pay attention to.
Reason to invest:
Hype Rate: High
Risk Rate: Very Low
ROI Rate: Very High
Potential Growth: Very High
Overall Rating: Very High

ICO Information

Date: Sep 20, 2017 (ended, 100% raised)
Ticker: ICX
Token type: ERC20
ICO Token Price: 1 ICX = 0.11 USD (0.00040 ETH)
Fundraising Goal: 42,800,000 USD (150,000 ETH)
Total Tokens: 400,230,000
Available for Token Sale: 50%
Whitelist: NO
Know Your Customer (KYC): YES Сan't participate: USA, SINGAPORE, CHINA
Bonus for the First: NO
Min/Max Personal Cap: 0.01 ETH / 30 ETH
Token Issue: 18 DEC (13:00 UTC+9)
Accepts: ETH

Full Review

At a glance

ICON is creating a massive scale ecosystem, allowing different blockchains connecting to one another through their protocol. Universities, security firms, banks, hospitals and other private blockchains can all share information through ICON's online ledger without intermediaries.
ICON can also bridge public blockchains such as Bitcoin, Ethereum, Qtum, and NEO. It is a completely different blockchain at the protocol level, meaning that it is not based off of an existing protocol such as Ethereum. ICON uses its own proprietary LFT (Loop Fault Tolerant) consensus algorithm, here is a brief introduction of LFT,
LFT (Loop Fault Tolerance) is an enhanced BFT (Byzantine Fault Tolerance)32-based algorithm that promotes faster consensus and ensures the finality of the consensus without the possibility of forks within the network. LFT supports faster consensus by creating a group among trusted nodes. LFT can accommodate diverse consensus structure by allowing such groups or nodes to freely determine the number of votes.
ICON is not a from scratch project, it is based off of loopchain, a distributed ledger that provides industry specific blockchain solutions. Theloop has partnered with leading financial institutions, offering services such as common authentication system, settlement systems without intermediary agencies, and trading systems that offer real time trade matching. Loopchain also works with insurance industry, to automate its insurance claims and payments. The project has been running strong and solid for well over 2 years. ICON will further expand loopchain's capabilities by bridging existing blockchains, as well as introducing its own ICX token. An ICX token can be viewed similar to ETH, in that it will be served as an utility token that can be spent and transfer value within the ICON ecosystem; furthermore, ICX tokens will eventually be used as the currency for ICON based ICOs. ICON will also provide its own DEX (Decentralized Exchange), where ICX can be used as a trading pair. It is expected to be launched Q4 of 2017.
The core of ICON called Nexus, is a multi-channel blockchain comprised of light client of respective blockchain. It is based off of loopchain, testnet is already launched and mainnet is expected to launch in Q4 of 2017. Native ICX wallets for each platform will also launch around the same time.
South Korea is ranked top 5 in ICT (Information and Communication Technologies) and the 11th largest economy in the world. South Koreans also have immense interest in the crypto space, where daily trading account for ~20-40% of total global volume. Most consider cryptocurrencies as an investment vehicle rather than payment solution or functional blockchain platforms. It'll be interesting to see when one of their own public blockchain introduced in the country, how sectors from different industries come up with new use cases, and actual form of payment adapted by end consumers.
If you really want to label ICON, what it is comparable to today, some think of it as the NEO of Korea, some think its a spin-off of Ark. The most accurate version, this is also mentioned by several ICON team members that it is more like a combination of Cosmos and Ethereum.
ICON ICO is hardcapped at 150,000 ETH in presale and crowdsale (~40 million USD as of this writing), a relative modest fund raise given today's ICO standards. This also account for 50% of total supply, again a fair amount given out, rest goes to reserve, team, and partners and foundation. The presale will be divided into 3 stages, where in each round a cap is set for each individual. Starting at 30 ETH, 100 ETH then finally 1000 ETH. This is to ensure smaller investors get a chance to join the network, rather than whales jumping in early to manipulate the prices. If the hardcap is reached in the presale, there won't be a public crowdfunding.

Team Pedigree

ICON team is stacked with talents, currently with around 20-30 engineers and designers who graduated from top universities in South Korea and overseas. Business development team who worked for top tier investment companies like JP Morgan and Deutsche Bank. It appears that most of the team members are fluent in English, so they'll be able to collaborate with world's leading intelligence in the open source blockchain communities.
Notable advisor include Don Tapscott, co-author of international best-seller book "Blockchain Revolution", one of the most influential person in the space. Here's an example speech from one of his appearances at TED.

Company Background

ICON is a project under the legal entity Dayli Financial Group, one of the biggest FinTech companies based in South Korea, formerly named Yello Financial Group. Dayli currently offers services and owns companies in several industries,

Financial Infrastructure

Service

DAVinCI
DAVinCI is a practical artificial intelligence brand and consists of four solutions: DAVinCI Labs, DAVinCI Analyst, DAVinCI Bot, DAVinCI Big data. Each solution offers optimized features: enhanced predictive analytics, automated report generation, sales and customer service innovation, big data collection and utilization.
loopchain
loopchain is an enterprise blockchain engine consisting of distributed ledger, smart contract, and management module. Based on its own modular structure, loopchain can be optimized for variety of financial and non-financial services, including authentication, settlement, trading, and IoT.

Company

Solidware Solidware utilizes its AI-driven analytics solution DAVinCI Labs to offer various data based predictive modeling services, including credit scoring, underwriting, target marketing, fraud detection, and CRM. Leevi Leevi offers NLP based unstructured online data analysis and AI based chatbot solutions for risk management and target marketing. Heenam Heenam provides bigdata aggregation and other data-driven analytic services with proprietary scraping technologies. theloop (theloop seeks to create ‘Hyper Connected Society’ by implementing blockchain technologies in the financial industry, including distributed ledger based financial transaction, digital currencies, and IoT.) Nomad Connection Nomad Connection develops Fintech specific solutions based on bigdata and machine learning technologies, including robo analytics, chatbot builder, and non-face-to-face authentication. Neuro Associates Neuro Associates offers customized digital strategy services from data-driven real time infographics to AI strategy consulting.

Robo-advisor (AI)

Service

Robo-advisor
Quarterback Robo-advisor is an asset management service that aims for systematic and stable investment returns through big data and machine learning based global asset allocation. Quarterback currently provides optimized portfolio via top domestic financial institutions.
Life-Cycle financial planning platform
Quarterback PALMS is a customized financial planning platform that recommends optimized portfolios based on life-cycle, goals, risk profile, etc. PALMS offers asset allocation using ETF, mutual funds, and other savings & depository accounts.

Company

Quarterback Investments Quarterback Investments is robo-advisor based asset management firm that offers global asset management portfolio based on financial bigdata and automated algorithms. Quarterback Technologies Quarterback Technologies offers personalized asset management service platform ‘PALMS’ optimized for individual investment objectives.
Quarterback Futures
Quarterback Futures develops online platform and software for financial industry, including chatbot solutions. Quarterback Japan Quarterback Japan, the Japan branch of the Quarterback Group, provides global asset allocation portfolio advisory service and online asset management platform.

Financial Platform

Service

Broccoli Personal Financial Management
Broccoli is a personal financial management platform that provides account information, spending and investment analysis, and tailored financial recommendations.
LEMON Clip Integrated Insurance Management
LEMON Clip is an integrated platform to manage insurance. From searching and comparing to buying and applying for claims, LEMON Clip offers total management services.
OLLEY Debt Crowdfunding
OLLEY FUNDING is a P2P lending platform that allow borrowers to receive loans at a reasonable rate and lenders to lend for promising returns.
UCANSTART Reward Crowdfunding
UCANSTART is a reward based crowdfunding platform that connects the ‘Starters’ with the public who wants to help businesses to raise funds and ideas to grow.
GenPort & GenMarket Smart Stock Investment
GenPort is a stock based robo advisor platform. GenMarket allow investors to create algorithms and share investment strategy. NewsyRank analyzes all listed stocks and recommends investment opportunities.
UDID Payment solution for SMBs
UDID provides payment solution and O2O service to SMBs. UDID offers payment platform PayApp, SNS commerce order solution BlogPay, and delivery management solution.

Company

DAYLI Marketplace DAYLI Marketplace offers personal finance management App Broccoli and other easy-to-use financial services for everyday lives. d.Lemon d.Lemon leads the transformation of Korean insurance industry through its innovative Insurtech services, including an integrated insurance management service ‘Lemon Clip’. OLLEY FUNDING OLLEY FUNDING is a debt crowdfunding platform that offers easy and diverse investment products focusing mainly on SMEs in consumer goods industries. UCANSTART UCANSTART is a reward crowdfunding platform that help businesses in diverse fields to raise funds through collective intelligence. NewsyStock NewsyStock provides GenPort, NewsyRank, NewsyRank China, and offers an environment for individual investors to make informative investment decision and optimize returns. UDID UDID provides differentiated easy payment solutions and O2O services, including PayApp, BlogPay and delivery control solution.

Cryptocurrency

Service

Coinone Cryptocurrency Trading
Coinone operates a cryptocurrency exchange for Bitcoin, Ethereum, and other cryptocurrencies. With intuitive user interface and optimized trading features, it offers fast and secure services.
Cross Blockchain based foreign remittance
Cross provides foreign remittance services to China, Japan, Philippine, Vietnam, and India. Blockchain based service offers easier, faster, and 80% cheaper fees than the banks.

Company

Coinone Coinone provides various blockchain and cryptocurrency related services, including cryptocurrency exchange center and foreign remittance service ‘Cross’.

Partnership

Korean Blockchain Consortium
27 Financial Firms Form Korean Blockchain Consortium
Ripple
SBI Ripple Asia has today signed a partnership agreement with DAYLI Intelligence
theloop partners Including top security firms, financial institutions, banks, universities etc.
davinci partners Including leading tech firms, banks etc.

Useful Reading

Links

Press

Reviews

Interview

TL;DR

ICON is a very ambitious project, aiming to become the biggest blockchain in the world. With proven track records and existing connections with top-tiered industry leaders. It is already providing services, running solid for a couple of years, with working products rather than a concept ICO. A very promising project that you should definitely pay attention to.

Due Diligence

ICON (ICX)

Company

Icon Stiftung, Zug Switzerland

Team

Min Kim (Foundation Council) Jul 2017-Present | LinkedIn Profile

Github

GitHub

Product

Yes

Vesting

2 years semi-annual vesting period

Additional info

Token Allocation

Use of Proceeds

submitted by msg2infiniti to icoverdict [link] [comments]

Bitcoin Exuberance Even More Dramatic in Lone Investment Trust (Bloomberg)

Bitcoin Exuberance Even More Dramatic in Lone Investment Trust
Grayscale Investments’ trust trades at double net asset value
ARK Investment’s Wood says her fund reduced bitcoin holdings
By Camila Russo
(Bloomberg) -- If you need evidence that bitcoin mania is getting extreme, look at the lone investment vehicle available to institutional investors.
Grayscale Investments’ Bitcoin Investment Trust, which trades over-the-counter in the U.S. and offers direct exposure to bitcoin, surged 85 percent last week, compared with the digital currency’s 17 percent increase. Those gains brought the fund known by its ticker, GBTC, to trade at more than twice its net asset value, the highest premium ever.
That has some long-term advocates of the cryptocurrency pausing.
“We took some profits on GBTC for the first time since 2015 because its premium to bitcoin became too extreme,” said Cathie Wood, the New York-based chief investment officer at ARK Investment Management, which oversees the first exchange-traded fund with exposure to the virtual currency. “There’s a scarcity value in GBTC because for us and for other investors, to buy an instrument, it has to be a financial security. The only way we can own bitcoin is through GBTC.”
GBTC’s premium surged as investors who can’t buy digital currencies flooded the fund as bitcoin climbed to new records. Blockchain assets are surging following multiple factors including, Japan saying it will recognize bitcoin as a legal payment method, Fidelity’s Abigail Johnson endorsing its use, and as evidence shows there’s growing adoption by companies and efforts to scale the technology. This all took place as industry leaders and enthusiasts joined in at least three highly attended conferences in New York last week.
Some of the barriers blocking institutional investors’ access are that Individual Retirement Accounts only accept financial assets, that most funds have internal liquidity or risk limits which bitcoin and other digital currencies may not meet, or that internal compliance or audits don’t approve of the assets. Also, some investors don’t want to go through what they perceive as risk and hassle of dealing with bitcoin wallets and exchanges.
Read more about the skepticism surrounding the surge in the price of bitcoin
Grayscale’s trust, which has just under $400 million in total assets, is one of the few alternatives institutional investors have. Channel Islands-based Global Advisors Jersey Ltd. provides a fund with indirect exposure to bitcoin and two exchange-traded notes that invest in the digital currency, which are listed in Sweden. Global Advisors Chief Executive Officer Daniel Masters says the interest is stronger in the exchange-traded products and his fund has seen rising inflows from wealthy individuals and family offices.
Attempts to list exchange traded funds that track bitcoin were initially rejected by the U.S. Securities and Exchange Commission on the grounds that the bitcoin market isn’t regulated, making it subject to “fraudulent and manipulative acts and practices,” but granted a request to review the decision.
ARK’s Wood said that while a bitcoin ETF might make sense in the future, the bitcoin market doesn’t have the volume or liquidity to withstand the demand that would come from an ETF, so GBTC might be the best way to go for U.S. investor in the near future.
“It’s going to be liquid enough, but we’re still in the very early stages,” Wood said. “A lot of people are worried that there’s a bubble, but I think this is just the beginning.”--With assistance from Justina Lee.
To contact the reporter on this story: Camila Russo in Madrid at [email protected] To contact the editors responsible for this story: Michael P. Regan at [email protected]; Jeremy Herron at [email protected] Dave Liedtka, Eric J. Weiner
submitted by Degoony to Bitcoin [link] [comments]

New Bitcoin Derivative: BitcoinETI

Morning,
Another bitcoin product has launched, the BitcoinETI (ticker: BTCETI). I tend to prefer fundamental trading and analysis to TA, so here's my meta-contribution that has no analysis.
Regulatory Framework
The ETI is incorporated in Gibraltar and will trade on GSX, the Gibraltar stock exchange. It is also cross-listed on the Frankfurt Stock Exchange (owned by Deutsche Borse Group) and will trade under the same ticker. Interestingly, the Frankfurt exchange is ranked the 10th largest equity exchange by market cap, at $1.75B. As a side note, Deutsche Borse is merging with The London Stock Exchange group, which is the 3rd largest stock exchange at $6.1B and only trailing the NYSE and Nasdaq. Either way, this is the largest market that a bitcoin product has traded on yet.
Listing the ETI on the Gibraltar Stock Exchange enables sales of the instrument across all 33 countries of the European Economic Area (EEA).
Issuance
iStructure PCC PLC issued the BitcoinETI, following a partnership between a number of stakeholders that includes the Gibraltar government and companies including regional Fintech firm and sponsor Revoltura Limited. The Financial Services Commission, Gibraltar’s financial regulator is also among the partners resulting in the issuance of the Bitcoin-based ETI.
Now for some editorialization and clarification:
  1. ETI - Exchange traded instrument
  2. ETP - Exchange traded Product (synonymous with ETI)
  3. ETF - Exchange traded Fund
  4. ETN - Exchange traded note
I haven't quite seen the structure of this product, but I assume it will be an ETN (exchange traded note). If it was an ETF, it would be much bigger news. We already have an ETN or two, but no ETFs. They function similarly, but an ETN is debt (a note), whereas an ETF is equity in the actual, underlying asset. As a result, an ETN is still subject to credit risk; the ETN's operator basically generates assets, to which you have claim to with the company's debt you own (the ETN). So if they go bankrupt, you are a creditor. By contrast, an ETF is actual equity in the platform.
Market Snapshot of Bitcoin Products
GBTC: Over-The-Counter, open-fund share of bitcoin trading on OTCQX issued by Grayscale. This is not an exchange, but a private facilitator of peer-to-peer exchanges. Functionally, it is an exchange, but not as far as regulatory bodies are concerned, leading to lower costs for listing companies. It is also not an exchange product, but more like a public hedge fund or mutual fund. 174,530 BTC under management, 2% annual fee.
Swedish ETNs: Shares issued by XBT Provider (swedish company), publicly traded on Nasdaq OMX, the nordic exchange group purchased by Nasdaq in 2007. There are actually 2 bitcoin products here, not 1: Bitcoin tracker one and bitcoin tracker Euro. Recently, Jersey-based Global Advisors (asset management firm, run by Daniel Masters, ex-husband of Blythe) acquired XBT Provider. it has a crazy fee structure. Not clear how many BTC under management - Global Advisors buys more BTC as they sell more ETN shares. Someone could calculate it, but i'm supposed to be working right now. The shares continue to trade on OMX. 2.5% annual fee.
Gibraltar ETI: See Above
Winklevoss ETF: Recently moved to BATS exchange, a huge commodity exchange. Pending approval.
SolidX ETF: Recently filed for NYSE exchange.
Gibraltar Announcement: https://www.gsx.gi/article/8292/gibraltar-stock-exchange-welcomes-bitcoineti
submitted by jeanduluoz to btc [link] [comments]

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chart,.,bitcoin,.,value history,.,bitcoin,.,value gbp,.,bitcoin,.,vs ethereum,.,bitcoin,.,vs usd,.,bitcoin,.,volatility,.,bitcoin,.,vs litecoin,.,bitcoin,.,value 2010,.,bitcoin,.,vs gold,.,bitcoin,.,v litecoin,.,bitcoin,.,v dollar,.,bitcoin,.,v euro,.,bitcoin,.,v gold,.,bitcoin,.,v blockchain,.,bitcoin,.,v onecoin,.,bitcoin,.,hack v.2,.,bitcoin,.,worth,.,bitcoin,.,wiki,.,bitcoin,.,wallet uk,.,bitcoin,.,what is it,.,bitcoinwisdom,.,bitcoin,.,whitepaper,.,bitcoin,.,wallet online,.,bitcoin,.,wallet address,.,bitcoin,.,wallet download,.,bitcoin,.,miner.w,.,bitcoin,.,w polsce,.,bitcoiny w polsce,.,bitcoin,.,w niemczech,.,bitcoin,.,w chmurze,.,bitcoin,.,w żabce,.,bitcoin,.,w polsce legalny,.,bitcoin,.,w chinach,.,bitcoin,.,w prawie polskim,.,bitcoin,.,w górę,.,bitcoin,.,xe,.,bitcoin,.,xbt,.,bitcoin,.,xt,.,bitcoin,.,xbte,.,bitcoin,.,xapo,.,bitcoin,.,xrp,.,bitcoin,.,xt price,.,bitcoin,.,xpub,.,x,.,bitcoin,.,generator,.,bitcoin,.,yahoo finance,.,bitcoin,.,year chart,.,bitcoin,.,year,.,bitcoin,.,yield,.,bitcoin,.,ytd,.,bitcoin,.,yubikey,.,bitcoin,.,yoda,.,bitcoin,.,yahoo finance chart,.,ybitcoin,.,magazine,.,bitcoin,.,y control de cambio,.,y combinator,.,bitcoin,.,ecuador y,.,bitcoin,.,bitcoin,.,by paypal,.,bitcoin,.,y el lavado de dinero,.,bitcoin,.,y deep web,.,bitcoin,.,y lavado de dinero,.,bitcoin,.,y litecoin,.,bitcoin,.,and blockchain,.,bitcoin,.,zebra,.,bitcoin,.,zerohedge,.,bitcoin,.,zimbabwe,.,bitcoin,.,zar,.,bitcoin,.,zcash,.,bitcoin,.,zapwallettxes,.,bitcoin,.,zarabianie,.,bitcoin,.,zug,.,bitcoin,.,zero,.,bitcoin,.,zero confirmations,.,bitcoin,.,z value,.,titan z,.,bitcoin,.,mining,.,titan z,.,bitcoin,.,z cash,.,bitcoin,.,nvidia titan z,.,bitcoin,.,mining,.,nvidia titan z,.,bitcoin,.,nakup zlata z,.,bitcoini,.,sklep z,.,bitcoinami,.,trgovanje z,.,bitcoini,.,co z,.,bitcoinem,.,bitcoin,.,0 confirmations,.,bitcoin,.,0.1,.,bitcoin,.,0.1.0,.,bitcoin,.,0 active connections,.,bitcoin,.,0 transaction fee,.,bitcoin,.,0 fee,.,0.15,.,bitcoins,.,0 25,.,bitcoins,.,0.05,.,bitcoin,.,in euro,.,bitcoin,.,2.0,.,0.1,.,bitcoins,.,0.21,.,bitcoins,.,bitcoin,.,1st august,.,bitcoin,.,1 million,.,bitcoin,.,101,.,bitcoin,.,10 year chart,.,bitcoin,.,10000,.,bitcoin,.,148,.,,.,bitcoin,.,10 year prediction,.,bitcoin,.,100k,.,bitcoin,.,100 dollars,.,bitcoin,.,10 years ago,.,1,.,bitcoin,.,in gbp,.,1,.,bitcoin,.,in pounds,.,1,.,bitcoin,.,in £,.,1,.,bitcoin,.,to dollar,.,1,.,bitcoin,.,in inr,.,1,.,bitcoin,.,to euro,.,1,.,bitcoin,.,in gdp,.,1,.,bitcoin,.,in eur,.,1,.,bitcoin,.,to myr,.,1,.,bitcoin,.,in sterling,.,bitcoin,.,2010,.,bitcoin,.,2017,.,bitcoin,.,2020,.,bitcoin,.,2018,.,bitcoin,.,2009,.,bitcoin,.,2013,.,bitcoin,.,21 million,.,bitcoin,.,2012,.,bitcoin,.,2014,.,2,.,bitcoin,.,to usd,.,2,.,bitcoin,.,price,.,2,.,bitcoin,.,to inr,.,2,.,bitcoin,.,wallets,.,2,.,bitcoins to dollars,.,2,.,bitcoins free,.,2,.,bitcoins a month,.,2,.,bitcoin,.,qt,.,bitcoin,.,2 year chart,.,bitcoin,.,2 paypal,.,bitcoin,.,3000,.,bitcoin,.,31st july,.,bitcoin,.,3 confirmations,.,bitcoin,.,3.0,.,bitcoin,.,3 year chart,.,bitcoin,.,3 month chart,.,bitcoin,.,300,.,bitcoin,.,365 club,.,bitcoin,.,3000 usd,.,bitcoin,.,30 confirmations,.,3,.,bitcoins in gbp,.,3,.,bitcoins,.,3,.,bitcoins to usd,.,3,.,bitcoin,.,in euro,.,3,.,bitcoin,.,to eur,.,bitcoin,.,3 unlimited,.,bitcoin,.,3 day chart,.,bitcoin,.,3 address,.,bitcoin,.,4000,.,bitcoin,.,4chan,.,bitcoin,.,4 billion,.,bitcoin,.,401k,.,bitcoin,.,4 backpage,.,bitcoin,.,43,.,bitcoin,.,40000,.,bitcoin,.,4k,.,bitcoin,.,4 year chart,.,bitcoin,.,48,.,4,.,bitcoins,.,4,.,bitcoins to usd,.,4,.,bitcoins in gbp,.,4,.,bitcoin,.,to eur,.,bitcoins 4 backpage,.,bitcoin,.,4 igaming,.,bitcoin,.,4 u,.,bitcoin,.,4 november,.,bitcoin,.,4 cash,.,bitcoin,.,5 year chart,.,bitcoin,.,51 attack,.,bitcoin,.,500,.,bitcoin,.,5 year,.,bitcoin,.,500 000,.,bitcoin,.,5000,.,bitcoin,.,50000,.,bitcoin,.,5 year price,.,bitcoin,.,5 years ago,.,bitcoin,.,5 year forecast,.,5,.,bitcoins in pounds,.,5,.,bitcoins,.,5,.,bitcoins to usd,.,5,.,bitcoin,.,free,.,5,.,bitcoin,.,in euro,.,bitcoin,.,5 years,.,bitcoin,.,5 minutes,.,bitcoin,.,5 min,.,bitcoin,.,5 unlimited generator,.,bitcoin,.,666,.,bitcoin,.,6 months,.,bitcoin,.,6 confirmations,.,bitcoin,.,6 month chart,.,bitcoin,.,6000,.,bitcoin,.,60 minutes,.,bitcoin,.,6 confirmations time,.,bitcoin,.,6 month price,.,bitcoin,.,6 years ago,.,bitcoin,.,60 day chart,.,6,.,bitcoin,.,network confirmations,.,,.,
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[Table] IAmA: We are Cameron and Tyler Winklevoss, but you probably know us as the Winklevii. We are here to talk about Gemini (gemini.com), our new bitcoin exchange. AMA, or rather AUA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2015-10-07
Link to submission (Has self-text)
Questions Answers
Do you have a relationship with Mark in any capacity today? What would you say to him if you could? What do you think of what Facebook has become? We don't have a relationship with Mark. The last time we saw and spoke with him was at the settlement in 2008, and before that was back at Harvard. We do have a relationship with Dustin Moskovitz, we saw him at Burning Man three years ago, and we've kept in touch with him. We've grabbed coffee with him in SF and also got a tour of the Asana offices (his start-up). We're pretty friendly with a lot of people around Mark, but we don't have a relationship as of this moment with him.
Hindsight's always 20/20, but it seemed like a lot of the things that happened were unnecessary. There was a way for everyone to be happy and kind of win, and it didn't have to be a zero sum situation. Hopefully we can all learn from that as we move forward and become better people and learn to find the path of least resistance.
It's certainly quite an amazing company. I don't think any of us had any idea of how big it could actually be. I think the scariest thing is that it's probably not done growing anytime soon. We're really proud of the part we played, which we think was certainly material to getting it going and I think Mark has certainly done an incredible job shepherding it and leading the company to what it is today. I think that I'm really impressed with what it is and what it most definitely will be.
Do you have any thoughts about the ugly contention that's been going on the last several months in the Bitcoin dev community over hardforking to relax the blocksize cap? We're definitely watching the block size debate, I don't have a super strong opinion, I think everyone agrees that the block size in some way or another should increase and will have to increase in order for Bitcoin to fulfill its promise. We're keeping a close watch, I think its really interesting how the community's is proposing things and it's working in a very democratic process and people are free to propose things and obviously it's a consensus-based system. I think we're seeing that at play and it'll be exciting and interesting to see it unfold. I think that Bitcoin will get through this, it's weathered a lot already and I think its here to stay. I think its just one more of those things we'll get through.
How has your relationship as brothers affected your business endeavors over the years? The fact that we're twins and best friends has been a huge asset. We've definitely always used it to our advantage. It's obviously not always easy getting along all the time, but we've managed to do it and we've made a great team. Both in sports during our rowing career and now financially working together in business. I think trusting your partners is something that's super important, and we have that built in because we're twins and if I do something wrong to him then it's pretty much like doing it to myself. So it's been a great asset and we've tried to make the best of it.
I'll piggy back on this Winklevii, how did/do you feel about the craziness that has been Dogecoin and other altcoins? I haven't personally looked that much into altcoins. I think that with a protocol like bitcoin there's a huge first mover advantage and a lot of network effects and bitcoin has a great head start in that regard in terms of the size of it's mining network and how much infrastructure it has going for itself. I think that the altcoins are very interesting. Some of the other blockchain efforts like Ripple and Ether are interesting, but we haven't spent a whole lot of time with them because we think there's a lot to be done still in bitcoin blockchain 1.0 if you will.
What are you doing (if anything) to push 'consumer' awareness of bitcoin and remove the 'scary technological hurdles and requirements' or the huge amount of assumed technical jargon / understanding that the average Joe needs to know in order to get involved with bitcoin and use it in their daily life? So first off we're here on Reddit, taking about bitcoin – we've learned about bitcoin and been in bitcoin for three years and I can tell you initially it's a lot to wrap your head around, but we've been working hard building Gemini and also we're working on our ETF that will trade under the ticker 'coin' – and so both should be friendly ways to get either bitcoin exposure or actually buy and sell bitcoin. We're trying to make very regulated, safe and secure environments for people to enter into the bitcoin ecosystem so that's what we've been putting our time towards.
What is in the immediate future for Bitcoin? I think that the immediate future for bitcoin (at least in the U.S.) is regulated businesses – licensed businesses, like Gemini. It's impossible to totally see the future but if you look back to the early days of the Internet, I feel like we're in the first or second inning of bitcoin so it's almost like 1993 or 1994 so there is tremendous potential and we think it's just the beginning.
What is the Gemini use case for the regular Joe trying to diversify his assets? Where Gemini comes into play is that we're New York-headquartered, U.S.-based, U.S. regulated and licensed platform to buy bitcoin. So if you make the decision to take the plunge and actually bitcoin for your portfolio and you think it's a good financial investment, then Gemini is a safe and secure home and platform to actually go and execute and buy bitcoin.
What's the latest on the ETF? Unfortunately the ETF regulatory process is a close process and we're not allowed to discuss the latest and greatest with it. We are working incredibly hard to make this happen as quickly as possible, and rest assured that nobody wants this to come to market quicker than myself and u/winky_pop.
When either twin owes for lunch do you use Bitcoin? So I don't usually buy my lunch with bitcoin because I'm worried that I'll be overpaying down the road so right now I'm holding my bitcoin.
Are you actually going to answer any questions? Hey Jim, I think so. Yeah, why not. Here's you're answer.
of all, great site design. It was super easy to sign up, and everything seemed to work well. The only. We're definitely looking at expanding the exchange offering but we want to stay super focused on first things first – and that was getting licensed in the state of New York and having a successful launch but suffice to say we are working hard to expand our airs of operation.
These are the things, in my opinion, that will make or break the exchange. There is a lot of demand for a.
Is gemini currently a spot market only exchange? What is the plan to bring initial liquidity to the exchange? Do you expect institutional investors to bring a large influx of new money into the bitcoin market? What other cryptocurrencies would you like to see traded on the exchange? Fully regulated and compliant US based exchange that can do everything, a one stop shop if you will. There is. Final question: What makes your exchange different than all the other ones, and why should we trade on it? (5) We have institutional market makers who are going to be providing liquidity on the exchange and we have a lot of demand from just retail and individuals and also other institutions who want to buy and sell bitcoin, so we think the combination of all the customers and also institutional market makers will make a lively and liquid market.
I always have Tyler by me lunch. That's not true.
Last updated: 2015-10-07 15:34 UTC | Next update: 2015-10-07 15:44 UTC
This post was generated by a robot! Send all complaints to epsy.
submitted by tabledresser to tabled [link] [comments]

One Month Review of Veritaseum 1.2.0 Beta

Written by: [email protected]
I have tried out the Demo and Live Modes of Veritaseum 1.2.0 Beta. I am satisfied with this derivative trading platform and look forward to seeing future Beta versions.
The platform fairly & accurately updates your P&L until contract expiration, and trades are updated periodically in real time to reflect market conditions.
The platform currently gives you four order parameters to choose from -- "Principal", "Receive", "Pay", and "Expiry." Other variables that can be modified are "Deviation" from Principal and two advanced variables -- "Collateral" as a percentage of Principal, and "Leverage" as a percentage of Principal.
"Principal" refers to principal at risk. "Receive" is what you buy. "Pay" is what you sell. "Expiry" refers to the terms of the contract, which currently is one of six time periods between one minute and five weeks. The Receive and Pay inputs are keyword sensitive; so for example, inputting the letter "F" gives you a drop down list of eight possible visible ticker's. Additionally, there is a scrolling list of tickers which match your keyword phrase.
The platform allows you to instantaneously display FX conversion rates from Bitcoin to USD, EUR, GBP, and Yuan. This is helpful in thinking about principal at risk in one's home currency. The transfer of funds to and from the Veriatseum Wallet is seamless. It took less than three minutes for Bitcoin to fairly & accurately transfer from my Coinbase Wallet to the Veritaseum Wallet. The transfer is initiated by copying your "Wallet Address" and hitting the send button.
The transfer fee on an unlevered contract is 0.0226 cents. The transaction fee is 0.0335. So in total, an unlevered transaction cost 0.0561 cents (USD). I am not positive if there are breakpoints built into this, as all my trades have been under $100 USD. I will defer to the software creators on this point.
Leverage fees add significant additional costs. A $10 USD trade with 2x leverage adds an additional 0.1758 cents in fees. The same order with 10x leverage adds 0.2361 cents in fees. The same order with 100x leverage add 0.9279 cents in fees. A bold red font disclaimer alerts you to changes in leverage and a warning stating that "the use of leverage is very risky and can result in a total loss for a trade."
Before the order is placed, a summary of all variables described above, plus maximum profit and loss and principal required, with a disclaimer that "You are about to place an order with these terms. Your order will be filled by the next available matching order."
Once the order is placed, it does not execute immediately. This is a distinct difference from a market order. It is more accurately reflects a GTC Limit order; which may or may not fill depending on IF there is a counterparty to match the order. Until your order is matched, it sits in the "Pending" column. Unfunded orders can be revoked. Once orders are matched and funded, they cannot be altered until expiration or the have been "Exhausted", meaning the maximum profit or loss limit has been exceeded and the order immediately settles.
Over the course of a month I funded my Veritaseum Wallet with the Bitcoin equivalent of approximately $575 USD funded from my Coinbase Wallet. I was filled on approximately 125 orders valued in real USD principal of ~$924.68 and collateral of ~$77.76. My P/L in aggregate was ~$21.58, or a P/L equivalent of 2.15% net of fees.
In terms of trades, I tried out a number of long/short combinations across multiple asset classes, varying the degree of leverage and principal, time to expiration, and deviation from principal. The trades fairly & accurately represented real time market conditions during the contract length and the contracts settled within a matter of minutes upon completion of the contract term or exhaustion. Upon settlement, my Bitcoin Wallet was funded with the proceeds of each contract plus or minus the profit or loss of the contract terms. The "Available Cash Balance" can then be reapplied to new trades, or can be transferred out of the platform wallet to another Bitcoin wallet.
My largest principal at risk trade was for $48.14 USD with 10% Collateral. The contract was a 10x levered receive MNST/ pay MDLZ with a 1 week expiration. This also happened to be my most unprofitable trade, as it was exhausted prior to expiration, with a P/L loss of $53.53 USD.
My experience with this trade caused me to pay closer attention to my ticker inputs, as I had intended on trading receive MON / pay MDLZ, and could have saved a significant amount of principal at risk. This trade also made me keenly aware that the application of leverage is a double-edged sword that can move for (or against in this case) a trade to exhaustion prior to the term of the contract.
I became more conservative with my principal at risk after this trade, but still made a number of long/short trades based on fundamental and technical factors. Trades that yielded nominal P/L for me were technical Commodity ETF ticker long/short pairs with one week expiration. Trades that yielded more favorable P/L returns were fundamental in nature.
My most profitable set of trades were pairs of fundamentally long versus a fundamentally weak position. I exhausted fourteen trades with $5.65 of principal at risk each, with maximum contract profit. Each of these trades were 5x levered with zero collateral, receiving fundamentally strong ticker's and paying ticker SHAK. For example, a $5.65 USD principal at risk trade, with 5x leverage to receive TW / pay SHAK with a one week expiration, was exhausted with $5.57 USD profit in approximately two days.
In summary, the learning curve to get up and running on the Veritaseum 1.2.0 Beta contract exchange platform took me about four hours. The biggest leap of faith for non-Bitcoin users such as myself is familiarizing the current exchange rate to your home currency (USD for me). The actual trading platform is simple, but the application of leverage can be deceiving.
I would recommend that you download and try out Veritaseum for yourself, and make sure that you save backup data periodically on a zip or external drive in case of the theft or crash of your computer or tablet.
submitted by not100not to Bitcoin [link] [comments]

Wealthsimple Trade- How To Buy A S&P 500 ETF Bitcoin Going To $288,000 (Not A Joke) ALERT! BITCOINs ETF is Confirmed & Coming Soon!! SEC Comm A Bitcoin ETF Could Help Fairly Price Grayscale’s GBTC Bitwise about bitcoin etf

Bitcoin ETFs: ARK Web x.0 ETF (ARKW) Expense Ratio: 0.75% The ARK Web x.0 ETF (NYSEARCA: ARKW) hails from a family of funds focusing on disruptive, next-generation technologies and several ARK A Bitcoin ETF, such as the one proposed by the Winklevoss twins, would have the digital currency bitcoin as an underlying asset. That means that by purchasing a bitcoin ETF, an investor would be indirectly purchasing bitcoin, as he or she would be holding the bitcoin ETF in a portfolio as opposed to the actual digital currency itself. Click on an ETF ticker or name to go to its detail page, for in-depth news, financial data and graphs. By default the list is ordered by descending total market capitalization. Editor’s Note: There are currently no 100% pureplay bitcoin ETFs trading yet, but there are ETFs that invest in bitcoin companies such as the Grayscale Bitcoin Trust BTC. Bitcoin Ticker - Tick by tick, real time updates. All data is indicative. The Winklevii want to launch an ETF with the ticker symbol COIN, but the SEC has yet to approve it. , which is letting people buy and sell bitcoin on its Cash app.

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Wealthsimple Trade- How To Buy A S&P 500 ETF

The two most common bitcoin futures contracts launched in December of 2017. (XBT, BTC) Here's a tutorial on how to buy bitcoin futures and a look at what margin requirements are for TD Ameritrade. The next BIG event, after the halving is the Bitcoin ETF!! & it's been confirmed and is coming soon! We have research that connects: The Fed, The Treasury, Coinbase & financial powerhouse Blackrock! I would avoid buying the SPY ETF because there is a 1.5% fee that you would pay to Wealthsimple Trade each time you buy/sell US dollar ETFs or stocks. ... to be the first to buy and sell Bitcoin ... Saturday, March 24, 2018 To buy TRX go to these crypto trading sites https://hitbtc.com/?ref_id=5ab638f8886d5 Buy Bitcoins and TRX coin now bitcoin price In a Bloomberg interview , the SEC commissioner, Hester Peirce, said the approval of a Bitcoin ( BTC ) ETF by the regulator could help price Graysclale’s GBTC more fairly. The commissioner has ...

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