BTC Hash Rate Growing Strong; Difficulty Expected to 'Keep ...

Bitcoin traders what you say?

Bitcoin Halving is done !! And it has something for everyone in the bag
Well as far as the traders and investors are concerned, I would like to go by the belief that history repeats itself, but to what extent will it turn out the same way this time around will be something to watch out for.
The bitcoin value grew from approximately 600 USD to 3000 USD in 11 months post the previous halving in 2016, and growth continued until bitcoin reached its highest ever market price at 19,783.06 USD in December 2017.
With respect to the last two halvings, the volume of BTC is much higher with it rising from nearly 1 billion dollars in 2016 to 21.6 billion dollars (as of 13th March,2020).
Miners have become a lesser factor but still, old generation miners might have to close their activities which in turn will decrease the difficulty level and be profitable for new generation miners with newer equipment, but predicting whether the decrease in miners will affect the value of BTC is like taking a blindfold shot.
The halving has coincided with the COVID-19 pandemic and with global recession inevitable the future for bitcoin traders is a mystery which only time can unfold.

bitcoin #bitcoinhalving #firstpost

submitted by sumitshinde2608 to Bitcoin [link] [comments]

PortBitX.COM White Paper

White Paper


We are a free society united by the basic idea of ​​freedom and justice, separated from geographical, religious, ethnic and gender prejudices, we reaffirm this document, and we promise to protect freedom and benefit people always and everywhere.

PortBitX Project

The PORTBITX project team creates a service whose main idea is to provide a mobile and convenient system where users and cryptocurrency owners can receive a wide range of services.

1 The essence of the project

The project team asks you to support the creation of a high-tech, simple, convenient and honest ecosystem for people who need to protect their rights and freedoms and use the right to be anonymous and financially independent.
The mission of the project is to create a service for storing and exchanging cryptocurrency assets, and also to become a tool allowing to conduct trading operations regardless of geographic location or language skills.
Advantages of the project:

2 State of affairs

Owing to ignorance or low awareness of people about the nature of cryptocurrency assets, cryptoindustry is mythologized in modern society. This applies to both ordinary people and officials in authority.
As a rule, in the minds of people there is more confidence in traditional financial instruments than in technology during their development, for example blockchain (the inability to change the information block / blockchain chain).History knows many examples when the governments of different countries, guided by the interests of their citizens, inadvertently led to the decline of advanced civil initiatives. This time is a period of complex formation of crypto-economics and state relations, which is still in the making.
The project that we present to your attention has no borders between countries and peoples. And we, a group of enthusiasts, would very much like to cooperate with large government organizations. But, to our deep regret, the states currently at the stage of formation of their cryptocurrency policies make mistakes that negatively affect the crypto community.
The market of cryptocurrency assets, which has a ten-year history of development, is very sensitive to various statements by officials. However, unqualified criticism cannot withstand the global trend. And no one can stop the future.
With all the desire, time does not stand still, technologies themselves continue to evolve, new technologies, new projects, new views that can be upgraded in the distant future, as well as processes of government and regulation themselves, to introduce innovative elements into them. We do not expect the distant future, and many tools are available now. And we have something to offer you.
This is especially relevant against the backdrop of the upcoming global financial crisis, with the inevitable decline in trust in state financial institutions; cryptocurrency have high chances of becoming more popular in the absence of other technological alternatives.
As we noted earlier, there is a lack of awareness among people about Blockchain technology and cryptocurrencies. These technologies are extremely undervalued, since there is much more benefit in them than one can imagine.
In the cryptocurrency assets industry itself, there are fraudsters at this time who are trying to steal or fraudulently get your money.
At the same time, there are many honest crypto projects that can not be realized due to stereotypes of perception of them as fraudulent. Objectively, they could be judged by their work and projects that have been successfully implemented. In principle, it is necessary to be cautious in terms of investing in any projects, even if they are guaranteed by reputable people or companies. No reputable person or company can match the level of guarantee and security of your assets, as in the Bitcoin blockchain.In any case, the decision to invest is yours, not imposed by restrictions, and the responsibility lies with you.
According to Road Map, we intend to fulfill all the terms of the agreement with our participants.
We do not promise you a high yield of our tokens, we put all our experience into the overall welfare of the project and each user. There will be no delisting on the service until the community votes for the opposite.
Our risk is collective. We urge you to make an adequate and balanced choice, instead of imposing any other opinion on you. We are not supporters of aggressive marketing.
There are many cryptocurrency assets and it’s difficult for a regular user to store and exchange them, as well as use them in everyday life.

3 Disadvantages:

These are problems that affect users and cryptocurrency in general.

4 Solution

The PORTBITX project guarantees compliance with all of its obligations and user rights.
We integrate community communications into our PORTBITX service.
Users are offered the following functions:

5 Competitors

Direct market competitors are all decentralized and centralized services related to the purchase or sale of cryptoactive assets, as well as services that provide storage services on a cold or hot crypto wallet.
More than 16 thousand services and more than 2 thousand types of cryptocurrency assets.
We have the opportunity to offer our clients a reliable and open service for the storage and exchange of cryptocurrency assets.
The main competitors are such large cryptocurrency exchanges like Binance, Bitfinix, Bitrix, etc. These multibillion-dollar projects that can affect the entire market and regulate pricing also have millions of crypto communities.
This position is deserved by their work. There are, of course, disadvantages associated with the opacity of their activities, unlike us, but in general they play an important role in the cryptoindustry. Their trading volumes are impressive and inspiring, their mistakes lead to sharp price fluctuations in the crypto market.
There are still crypto exchange. In comparison with the leaders, they are significantly inferior in the volume and number of users. These exchanges include the bulk of all crypto exchanges on the market.
There are also exchange services on the market that allow you to exchange fiat money for cryptocurrency assets. Most often the commission is quite expensive. For example, they can range from 1% to 20%. Such a high commission can be explained by the fact that the locations where buyers and sellers are located have government restrictions or are prohibited.
In addition to all of the above, there are closed groups in social networks or instant messengers. There, people discuss and agree on the price and method of payment. Commissions are often not high from 0% to 5%, but one should not hope that such operations can be safe, since personal meetings are always accompanied by a risk to life or health.
Exchange transactions in the onion network may have no guarantees at all that the transaction will be successful. In deep web, everything works on credibility / reputation, and the higher the seller’s rating, the higher the likelihood of a successful outcome of the transaction. In the same place, you can sell tagged or stolen cryptocurrency assets. For this, there are special mixing sites to hide the criminal trail. These types of exchange operations are the most unreliable.
For this reason, one of the safest types of exchange operations is large centralized cryptocurrency exchanges. Such centralized services, sometimes using their position, impose their own rules, which leads to a loss of users’ material values.
PORTBITX is designed to empower cryptographic protection for maximum convenience and simplicity, as well as to protect the funds and personal data of users.
PORTBITX connects all cryptocurrency assets into one transport hub and creates highly efficient curvilinear isolation of the currency to make cryptocurrency as safe and close to people as possible.

6 Segment

A registered user of the PORTBITX portal can be any person supporting the general idea of ​​a free society. Our users are anonymous and financially independent, with the right to vote and the right to receive common incomes obtained by the operation of the portal and the activity of the crypto community PORTBITX.
For whom we create a service:
It can be ordinary housewives, entrepreneurs, unemployed, self-employed, freelancers, people who invest in the future, wealthy investors, etc.
One of the advantages of the service is anonymity, which gives anyone the right to save and earn around the world online, without fear that tomorrow they will be forced to pay some strange fees or licenses.
Service users are interested in the distribution and real use of cryptocurrency.
Self-regulating community PORTBITX, respecting the rights of all project participants.
Service users are:
For trust in the trade service there will be a seller rating for all types of goods and services presented. There will be a book of reviews about each seller, where each buyer has the right to leave a review about the product or service. This scheme is actively used in Darknet. The basic principle: the more positive reviews, the more trust. Each seller values ​​his authority and thus provides the best possible product or service. The expression “customer is always right,” works because no one wants to lose their customers.Currently, according to blockchain.com, there are used 34 million people who hold their funds in Bitcoin. The remaining number of users is difficult to calculate, but according to our modest calculations, there are at least 2 times more other users in any other currency.
This suggests that there is still a great demand on the market for services of safe storage and exchange of cryptocurrency assets.

7 Bounty

Bounty is a reward of users for PR-activity: subscriptions on forums, maintenance of topics in local language versions, translation of documents into a local language, publications in social networks, blogs and so on.
The terms of the bounty are published in the user profile of the section Terms and conditions of the bounty campaign.
To participate in the bounty campaign, bounty hunter, you need to register on the site PORTBITX.
You agree to the terms and conditions of the Bounty campaign if you register and do Bounty Hunt.
Tasks and their description are listed in the special section “Bounty Hunt”.
Each task is individual and has its own characteristics, so bounty hunters are invited to carefully study the conditions of each task.
Rewards are described in each task separately. The results of remuneration depend on the correct execution of the task.The remuneration is charged to the user’s personal account in the personal account.
There is also a payment history for completed tasks.
After the last fundraising stage, all information will be deleted in favor of the anonymity of users. We will also delete information about site visits and personal information that was required to specify to receive a reward. In the case of a request by third parties for data, we did not have information that could harm bounty hunters.
The bounty budget is 14,325,893 PORTBITX.
The distribution of tokens in stages is as follows:
Stage 1 – 6,325,000 PORTBITX;
Stage 2 – 4 000 000 PORTBITX;
Stage 3 – 4 000 893 PORTBITX.
Distribution of PORTBITX tokens:
If the ICO is not successful, the invested funds will be returned to investors, and the reward for bounty hunters will be canceled.
For this reason, we regulate and monitor the social activity of the bounty hunters so that the conduct of all ICO stages is successful.
For bounty campaigns, an application to the technical department is provided in order to correct them immediately in case of errors, as well as to assist the bounty hunters in carrying out their tasks.
We are building a healthy community, so we ask that the personal opinion and evaluation of the project PORTBITX of each participant be objective and adequate.
Each participant in the campaign bounty is our representative, and for us it is important to have a clear understanding of the face of responsibility and benefit that the community carries out.

8 Market

On the market there are many companies involved in the exchange and storage of cryptocurrency assets.
The number of such services is more than 16,000 and this is not the limit, but it is precisely in the face of fierce competition that truly unique and competitive projects are born.
This market situation motivates us to create a truly useful and necessary service in order to make the range of our service available to a wide range of people.
Recently, according to Google Trends, interest in cryptocurrency has fallen significantly. Now interest has rolled back to the area of ​​2016-17.
Cryptocurrency industry continues to function and develop. Now on the blockchain, you can create your own e-government, your own elections and currency, everything is limited only by the imagination of all industry participants.
The ecosystem is actively developing for the use of cryptocurrency in trading operations. Governments and regulators in different countries are seeking greater transparency in the cryptocurrency industry.
Some, such as the Japanese government, license and regulate crypto exchange and services. In Japan, cryptocurrency has long been accepted as a means of payment in many outlets. In states with despotic regimes and an unstable economy, one of the few tools for the preservation and enhancement of assets is Bitcoin, for this reason in these countries the rate can differ greatly from the average market rate.
The financial crisis and the instability of markets around the world continues to cause fear among people. In some countries want to ban circulation of dollars. Gold cannot be bought in the usual way and owners may experience some difficulties in working with it. Gold has long ceased to be a means of payment.
The priority for us is the safe storage of cryptocurrency assets, maximum user convenience and integration, the popularization of the cryptoindustry in everyday life.
In order for cryptocurrency assets to be used and an integral part of human activity, we want to form a stable market. At the moment, the capitalization of the entire market for a number of years fluctuates in the range of $ 100– $ 300 billion. The range of exchange operations ranges from $ 13-16 billion per day. The number of cryptocurrency assets represented on the markets is more than 2000 types.
The dominance of the main cryptocurrency Bitcoin is in the range of 49-52% of the entire market.
The tendency to reduce the main quotes scares potential investors, but this is not a reason for surrendering positions to a multi-million dollar audience of crypto enthusiasts. The reason why people continue to create new projects and new systems for exchange and transactional systems is the benefits they bring to humanity. In the market, as well as around the world, there are many unscrupulous developers who need to fight.
We are engaged in creating and securing the credibility of the cryptoindustry so that the user can choose a reliable service or network, and not imposed by anyone. This is one of the fundamental aspects of a free community. The right of choice for the user, “the client is always right” is an integral part of the philosophy of the PORTBITX project. By the level of their responsibility, transparency, advanced thought, innovation, in the future, the work of PORTBITX will judge all cryptomir. The better we, PORTBITX work for the good of society, the more trust we have and the more users use the PORTBITX service.
PORTBITX is part of a new culture, part of an ecosystem where the core value is reputation based on trust. This is a project where reputation is more important than money, and utility and service to people is more important than ostentatious hospitality and external gloss, and the safety of the assets of our project participants is more important than our profit indicators.
Capitalization is growing steadily from year to year.
At the beginning of 2017, the capacity of the crypto market was around $ 19 billion. Now capitalization has grown to $ 200 billion. The growth is colossal, but the market is still young and there will be many more challenges on the way to which all market participants will have to respond. And our participants will be the most prepared.
The number of new blockchains and new projects is growing, and the number of participants in the crypto market is also growing. As a result, the attitude of people to the cryptoindustry is changing for the better, just like the cryptoindustry itself.
In 2017, the known cryptocurrency assets were less than 800 species, but now their number has grown. Now on the market represented more than 2,000 species.
Not all assets are honest, there are those whose purpose is to obtain short-term profits, which badly affects the reputation and trust in the cryptoindustry. But, if we recall the story of the beginning of our amazing world, then the price for one Bitcoin was $ 0.00000003. Since then, the situation in the cryptoindustry has changed dramatically.In the future, the cryptoindustry market is waiting for great popularity and that is why reliable and honest services for the storage and exchange of cryptocurrency assets like our project will be needed.
Sharp volatility is such because the market is relatively young and has not reached even a tenth of its potential and capitalization. Therefore, the time in which we live is just a starting point. The world has already passed the Rubicon and there is a long and interesting road ahead.
The potential market we can serve in the future is more than one billion users. Now this market is slightly less than 50 million users.
Experts expect that in the future cryptocurrencies will replace the official fiat money.

9 Product

PORTBITX is a digital portal for storing, exchanging and trading cryptocurrency assets, as well as a platform for selling goods and services for cryptocurrency.
The service is managed by the community by voting. Voting topics are offered through a special application in the voting section.
Service has three main areas.
Secure storage of cryptocurrency.
Secure storage of over 1500 different cryptoactive assets. Safety is ensured by safe cold the repository.
The service itself is not directly connected to the repository to prevent the penetration of potentially dangerous programs. The security of user data in the service itself is protected by a local block chain. The entire database and operations are recorded on the principle of a distributed registry. Hacking one server should do this with hundreds of others located in different places. Mining in this block chain is not performed because all the costs of maintaining such security are borne by the service itself.
The PORTBITX development team is fully responsible for the security of cryptocurrency assets and for the operation of the service. One of the most vulnerable links in the safety chain is the human factor (concerns not only users, but also developers). For this reason, it is necessary to double-check scenarios, conduct stress testing and carefully select personnel.
Exchange
This is a portal for exchanging all available cryptocurrency assets for any other. The number of assets available on the portal will be recorded in the blockchain for a reliable display of the volume, the number of wallets, users and information on all the operations performed since the launch of the main network will also be indicated in the blockchain.
Any cryptocurrency asset can be exchanged for any other if it is in demand. The market decides for itself how and in what to trade. All exchange orders will be visible in online charts. Potentially, we will add more than 2,500,000 pairs to the portal, but not immediately, but in parts and as each cryptocurrency asset is checked. Also the choice for coins or tokens will always be behind the PORTBITX community. After each vote, all results will be published in the section “Voting” and on the official website of the service.
The portal has a convenient interface and an open registry, i.e. users will be able to monitor and control the network with developers. Also, with certain voting results, there may be additions to the network.In the future, we want to release the service in free navigation and stop controlling the network. If we succeed, we will open source code and create jobs for miners.
Marketplace
Marketplace is valid for the sale of services and products for cryptocurrency. High-quality and convenient service. All transactions on the Marketplace are recorded in the main register of the local blockchain. A wide range of products available advertising products and services, two types of payment (with a guarantee and with a reputation) to choose from.
The following portal functionality:
Voting / referendum
An important component of the PORTBITX portal is voting / referendum.
A variety of topics and surveys can be submitted to a vote, directly related to the PORTBITX community and the portal itself. For example, changes in tariff rates, adding new tokens, adding new services and additions to the service.
The right to vote is the right to decide the fate of the community, the right to find the best solution to the problems, the right to be free, honest and fair.
One voice is 5000 PORTBITX. (this limit can be lowered if the community decides on a general vote).
Since tokens can be sold on third-party services, they cannot automatically take part in voting. Also, all available tokens on the portal should be frozen for a period of voting that lasts no more than 24 hours, starting at 00:00 Central European Time.
Tokens are frozen through the user’s personal account in the voting section.Persons who do not have enough tokens for voting, but having the right to profit PORTBITX have the opportunity to see the voting results, as well as to make their proposals for the next vote.
Persons who do not have enough tokens for the right to vote and the right to profit will have the opportunity to group together for collective voting.
Results and coverage of all voting results will be immediately published after the end on the portal’s main page.
A vote is considered legitimate if a quorum gains 65% of the total number of votes. The decision on the outcome of the vote can be made if the number of those who agreed to 100% of those who participated in the vote is 60%. Voting can be repeated if uncrowded by a majority. In this case, the proposal will be revised. The deadline for a deferred vote may pass unplanned within two weeks after the end of the first vote. If, in the second ballot, the majority of votes will also not reach the bulk of 60%, then this issue will be postponed or canceled and will not be considered within the next 6 months.
The right to vote is not just an opportunity to influence the portal, it is the will of the community that developers must obey.
The right to profit
The right to profit is obtained by freezing tokens through the user’s personal account for a period of at least one month. The number of tokens needed to make a profit of at least 1000 PORTBITX.
The calculation of the distribution of profits are as follows.
All profits from all services provided by the service for a certain period of time in the tokens in which the activity was performed are distributed in relation to all community members who have frozen the tokens directly on the service portal. The profit is distributed in the same currencies in which it was received on the service.
In the event that the frozen asset of the PORTBITX tokens is defrosted ahead of time, then the profit it receives during this period will be distributed among the other participants whose tokens remain frozen.
Participation in the project is proved by deed and rewarded, in all fairness.
All profits, namely the estimated profits of users during and at the end of the period can be tracked and seen in the registry on the main page accessible to all interested parties.
PORTBITX developers do not hide revenues and honestly share them with the community.
Each user has the opportunity to check the registry and find their own account.Maximum openness and transparency is the key to trust and success of the service.

10 Road Map

11 Economy and Demand

All information on the movement of funds and their spending will be published on the official website of the company in a special reporting form.
All actions performed by PORTBITX will be covered in the news section of the company’s website.The voting results and the timing of their holding, as well as the topics discussed for voting will be in the user’s personal account in the “voting” section.To date, only about 80 million people have a cryptocurrency, store it or use it in payments.
Now there’s practically no way to find a person who hasn’t heard about bitcoin or blockchain at least once. The cause of mistrust is people who undermine the true face and good intentions of the founding pioneers of the cryptoindustry.
The market is too small and hypervolatil, but this trend will continue only for some time, until the total market capitalization reaches 1 trillion. USD This milestone will further open the way to even more people who want to be part of the crypto world. A larger number of participants will make this market more stable and less prone to hypervolatility.Unfortunately, there are many scammers and individuals who undermine the basis of the industry, and its usefulness. Therefore, the PORTBITX development team creates a service safe for the safety of users’ funds.
According to statistics provided by Blockchain.com from March 2018 to February 2019, the number of new users who registered new cryptocurrency wallets increased from 23 million to 33 million. Based on the data obtained, it can be concluded that there is a need for reliable storage of their cryptocurrency assets.
The year 2019 is a preparatory platform for an even larger number of users, so we decided to create a portal for the ecosystem of the cryptocurrency industry.

12 Project Team

One of the important factors in the decision making for an investor is the transparency and fame of the team that works on the project. An investor can check team members, evaluate and decide on investments. The knowledge and experience of the team is a kind of guarantee that the project will be implemented, but as is often the case in real life, this may be far from reality.
In the cryptoindustry, nothing can be 100% sure. Any ICO defaults to scam.
If you have doubts about our decency, we suggest investing a small amount.
By collecting the minimum amount, we will demonstrate in practice that we are credible, because our goal is to benefit the community.
Founders of PORTBITX
Co-founder and Technical Director Steve Man
Co-founder and CEO of CharleySJ
Director of Marketing and Public Relations MAD Phoenix
Director of Methodology and Legal Support at PenA

13 Investments

The minimum capitalization of the project at the first stage is 1,450 ETH.
The minimum total capitalization of the project will be 56,000 ETH.
The maximum capitalization of the project can reach more than 160,450 ETH.
Tokens will be issued in the amount of 143,258,928.57142.
Share will be up to 8 decimal places. ICO is calculated in three stages.
We create a product that meets modern requirements and market challenges. Additional issue is not provided. After the last stage of the ICO, all assets not sold will be destroyed.
We initially limit the emission of tokens in order to avoid a large amount of excess asset. Being part of the PORTBITX community means having the privilege of voting and profit of the service. And that means – to understand the idea and share the philosophy of the cryptoindustry and with full responsibility to approach the decisions that will affect the community.
The opportunity to receive a bonus will be among the participants of the Bounty campaign and among ICO investors, but by decision of the crypto community.
Return of investment will be carried out in several ways.
By obtaining distributed service profit
Due to the possibility of selling a token at the market price, which can be ten times higher than the initial cost.
The token will be based on the ERC20.
The predicted price of a token at the end of an ICO can be about $ 3.7.
The projected service revenue for the first year may be more than $ 500 million.
Pricing can be changed if there is an ETH price manipulation before release.
The news about the name and the release of tokens will be announced in the official news, so you should not give in to manipulation.

14 ICO Features

Jurisdiction: Blockchain
The number of tokens is 143 million.
On ICO 80.225 million
On a bounty campaign of 14.3 million
The developers and founders of 34.382 million, and the maintenance of the service 14.3 million.
Distribution will be carried out automatically.
The following fundraising is provided:
Stage 1 – 1,450 ETH
Stage 2 – 10,000 ETH
Stage 3 – 149,000 ETH
Pricing and limits
1st stage ICO
1 PBX = 0.002 ETH
1 ETH / 0.002 = 500 PBX
5 ETH / 0.0015 = 3 333.33333333 PBX
10 ETH / 0.001 = 10,000 PBX
Rules of the first stage:
The minimum amount to raise funds 1,450
Price is limited to pricing policy.
Bounty company 6 million
Refund in case of not reaching the minimum amount to raise funds
2nd stage ICO
1 PBX / 0.003 ETH
1 ETH / 0.003 = 333.33333333 PBX
5 ETH / 0.0025 = 2,000 PBX
10 ETH / 0.002 = 5,000 PBX
3rd stage ICO
1 PBX / 0.004 ETH
0.5 ETH / 0.004 = 125 PBX
1 ETH / 0.0035 = 285.71428571 PBX
5 ETH / 0.003 = 1 666.66666666 PBX
10 ETH / 0.0025 = 4,000 PBX

15 Legal aspects

Placement of the company – Blockchain. This is due to the fact that we approach the project with full responsibility and are aware of the consequences of our actions, as well as due to pressure from some states and their unfriendly policy to the cryptoindustry.
Also, the service will not be present fiatnye currency, as their existence is not combined with the philosophy of our company. We will temporarily not specify the location of the company, as well as disclose the names of developers for the safety of their rights to life, health and freedom.
Since we consider ourselves a free community, some data for the sake of security for the sake of this freedom will be hidden from outsiders.
We guarantee a refund in case of unsuccessful first stage at 100% minus the miners commission.
This is important because the tools incorporated in the first stage are necessary for creating the kernel and the subsequent imposition of software modules.
We considered options for direct investment in the project from private investors, but since these investors could influence our strategy and policies, and since they could take some of the functions from the community, we decided to invest in our project as a community by Ico.
The risk of investing in our project, of course, is great, but we want to build a really useful service for the industry as a whole and for each user of the service separately. Therefore, we enable the community to judge us by our work.
submitted by Portbitx to u/Portbitx [link] [comments]

PGA: No Frills DFS Data - Honda Classic Recap & Discussion of Golf Metrics

https://rotogrinders.com/blog-posts/pga-no-frills-dfs-data-honda-classic-recap-discussion-of-golf-metrics-2945909
So, this slate was fantastic.

I had a player pool of 22 guys and only 3 missed the cut with another as an MDF. While I only had 1 guy in the top 5 this time, it was one of my most exposed players in Lucas Glover. I had 3 more at T9 so 4 of the top 11 guys and a bunch more T20 or better. I didn't have any lineups packed with the top 5 so didn't have any huge individual scores but when most lineups went 6/6 or 5/6 with a bunch of T20 or better players, it's always going to be a very good week despite not hitting yahtzee.

Again, to recap, here was my player pool in order of exposure.

T30 Justin Thomas
T4 Lucas Glover
MDF Graeme McDowell
T9 Sergio Garcia
T59 Zach Johnson
T36 Daniel Berger
T16 Michael Thompson
T59 Vaughn Taylor
T36 Gary Woodland
T51 Russell Knox
CUT Adam Scott
T20 Chesson Hadley
CUT Luke List
T16 Billy Horschel
T20 Brian Stuard
T36 Byeong Hun An
CUT Cameron Smith
T36 J.T. Poston
T9 Jason Kokrak
T9 Jim Furyk
T20 Matt Wallace
T20 Talor Gooch

My model once again pushed Furyk (it tends to really like him, Chez Reavie and Phil Michelson) but this time it wasn't overboard about it. At the end I didn't use him in any of the purely model driven lines but ended up trusting the model when I created the "homer line" where I choose 1-2 guys I really want added in and exclude a few I'm already heavy on so I could jam in Adam Scott again and the lineup said fill it out with Furyk. Was pleasantly surprised with a T9 from the guy and it will give me a little bit more faith when the model recommends him.

Now back to Adam Scott, this is why I limit my ability to directly construct a lineup to only 1 dart. The only things in Scott's favor were course history, tout coverage and Vegas odds. Everything else said he's a fine golfer but way too overpriced and since my model works rather holistically, all those things were already accounted for so I already had a smittering of him out there. Yet I bought into the narrative and jammed him in there. I don't regret the decision, I'd do it again. But this is exactly why I build a model, because if I built my 10x gpp lineups by hand, I'd likely have gone with him in a lot more lineups because his narrative was very compelling. The other guys to miss the cut in Smith and List, well, I stand by those choices as well. Half the field needs to be cut, so even if everyone golfed the game of their lives you'd still get half the field get cut despite hitting peak form. Kind of like if everyone went to an Ivy League then we'd have Yale PhDs flipping burgers kind of scenario. In short, don't worry about it. Even the best golfers will miss the cut.

You may also recall the model was suggesting Ortiz and Blayne and I vetoed them because I didn't feel the data was reliable. They both missed the cut. I would have been about 1/3 exposed to each had I not manually sifted through and error checked my lineups, something I sometimes don't get a chance to do because I didn't start running the model until near lock. It would have been disastrous had I not seen those unfamiliar names and decided to take a closer look.

My cash games went exceedingly well as I chose one of my lineups that did fairly well to use in cash. I cashed in every 50/50 and double up (sometimes outright winning them) and won all but 2 of my h2hs. There's a good story here about why, despite that I play most of my volume in cash, that I go with only 1 lineup. There's one specific player I've been matching up with quite a bit. It started out in lower stakes and I believe he's now tilted and trying to recover because he keeps upping the stakes but I keep taking em. This past slate he posted a $100 h2h and I took it. He then matched up with me in another one for $5. He decided to go with 2 lineups, one of them performed pretty poorly, another would have done very well in a GPP. Given how pleased I am writing about this, I bet you can imagine which one of those I lost and which I won. This is why I just create one cash lineup and stick with it because I've been on his side of things in the past. If he wins both then it wouldn't matter, if he loses both then it wouldn't matter. If he loses the $5 wins the $100 it doesn't matter... but if he loses the $100 but wins the $5 then he goes on crazy monkey tilt.

It doesn't matter at all that mathematically speaking it doesn't make a difference (so long as both lineups had equal assumed expectations), emotions still run high in this and unless you're doing very high volume at leveled stakes (not 2 matchups of 20x difference in size) and not going to track the individual results but look at the big picture then it's fine. But nobody does this, we aren't androids, when you win you win, when you lose you lose. This is why although I put way more in cash than gpp and bad cash lineup can sink me, I'm still taking a binary approach with cash games. I'm not taking a 75% indifference with a 25% chance of losing my god damn mind because the h2h that mattered was the one that failed. Fail like a stoic with a single cash lineup that gives 100% indifference.

Now then, some people have been asking me to go into more detail about about the data that use to create the lineups. I'll just reiterate again that I'm never going to explain how the sausage is made. But I will be serving plenty of sausage and give you a general idea what animal it came from.


Today I'm going to talk about specifically how most of my research really demonstrates just how stupid most golf stats are. I really want to be 100% sure and am in the process of scraping an absurdly large database containing several decades. And since I'm doing this on my free time, it'll take some time before I parse and analyze everything. I don't want to make the very bold claims I already believe to true without further studying the matter and really ensuring my thoughts are real and it's not the product of bad calculations or insufficient sample size. But, what I've discovered thus far, is that all those stats are just window dressing. Saying someone led the field shots gained x is fundamentally no different than saying "they did well and had a good tournament." Things like shots gained track results not process. So it's much like tracking wins and rbis. Yes, the best hitters and the best pitchers in baseball often lead the league in those metrics, but we all know why they aren't good predictive tools.

For example, when my beloved Red Sox signed Dante Bichette in 2001, there was all this talk about him having led the major leagues in RBIs the past few seasons. He just had his epic year, two years ago driving in 133 runs and the year before got 90. While he was aging and slowing down, I distinctly remember a lot confusion over why we signed this elite hitter but then used him in a platoon. I'd be at Fenway and as the Red Sox lost, people would openly question the wisdom of having one of the best hitters in the game ride it out on the bench. This was 2 years before Moneyball was published and while front offices knew the reality of the situation (third team in 2 years and out of the league after that season), the average hard core Red Sox fan would just scratch their head wondering why we didn't give Dante a little more of a chance to show he still had it.

I feel this is the situation today with golf and golf statistics while what we have today is an improvement of the past - we take it for granted that it comes with the same authority as so wOBA or usage. We know that the winners won, but we don't know much else and shots gained is basically more or less a fancy way to say someone did a better job. If someone gets a birdie on a par 4, their SG will improve by about... drumroll please... 1. So you could just simply compare scores - IE look at end of tournament standings. Yes, there is definitely some nuance and they do factor in the relative difficulty of that specific par 4 and if I didn't feel like there was some actionable data out there I wouldn't bother with any of this. But I believe that way too much weight is put into this, whether I'm right or wrong, I will follow up on this in much more detail once it's no longer a hunch but rather indisputable. The reason why gathering this data is difficult is that it's restricted - which itself should be a bit of a red flag.

I'll also be reading "Every Shot Counts" soon, which is a book written by the creator of the Shots Gained metric. I really don't want to make any further and sweeping judgements until I read the author's long and detailed explanation of the metric.

But really, we can all see the smoking gun https://registrations.pgatourhq.com/forms/shotlinkintel/ for ourselves to see that the process by which they used to record shots gained is kept a secret and they don't disclose the data. Even prior to them ghosting us, access to the statistics themselves was restricted - you need to apply for access. The twitter account still exists and it's like everyone vanished into thin air, the last tweet https://twitter.com/ShotLink/status/893531791297978368 was well over a year ago and simply a picture of a golf course as if nothing was about the change.

Also, the PGA still insists "All strokes gained statistics are calculated using ShotLink, the PGA TOUR's real-time scoring system powered by CDW. https://www.pgatour.com/news/2016/05/31/strokes-gained-defined.html But since it's so secretive, we really don't know much about it. I'm not talking conspiracies or anything, they could have a very good data collection system that's phenomenal, but the very notion that the PGA doesn't even bother telling anyone how the data is collected and yet nobody is asking any questions should tell you this isn't exactly the most objective market.

So basically, I'm very confused by Shots Gained as a metric, can find very little information on it and what I can find is out of date and contradictory and seems to imply it's more or less no different than a nuanced version of looking at the final standings. I want to say it's bullshit, but I'm just reserving final judgement and simply labeling as sketchy for now.

So then we should look at results yeah? Yes, but this is largely what pricing is based upon, so not much of an edge there. So shall we look at ranking? Yes, let's take a look at OWGR.

When I first started with golf, I knew nothing and had nothing to base anything on other than seeing their pricing and recent point accumulations. Since Tiger Woods wasn't playing in that event, it was all entirely new names, just names I'd hear in passing while switching off ESPN as they were starting their golf coverage. So naturally, when I saw each golfer had a world ranking, I viewed that as a cheat sheet. From the very beginning, one of the formulas I've used to develop lineups was as simple as putting together the golfers within budget that collectively had the lowest aggregate world ranking number. Why am I suddenly speaking in such specifics you ask? Because it's a horrible DFS metric and nobody else is doing it (I track gpps lineups to see what others are doing, there are a few of these more simple formulas that pop up periodically, this is not one of them) so it's not exactly as if disclosing this information will make my opponents that much stronger.

My OWGR lineup has in fact been the single worst performing in cash and the 2nd to worst performing in gpps of the dozens of lineup models I have. Thankfully, I don't play it because it's so bad but I keep tracking it and recording how it would have performed just for fun these days. The only lineup that performed worse than the OWGR lineup in GPPS, well that one heavily factors in OWGR as well :). OWGR is just a terrible, terrible metric for DFS. Yes, it will give you the cream of the crop like the Dustin Johnsons, but you can never afford a lineup of Dustin Johnsons, you'll have to start digging deeper and pulling up min priced guys like Satoshi Kodaira - mr bitcoin himself. Someone who if you've been reading my stuff, is the entire reason I stopped playing any lineup that had OWGR as a primary indicator.

Now Satoshi, despite being a pretty horrible DFS play most of the time, is a great example of everything wrong with OWGR. His Fedex Cup rank is currently 160 and has never been better than 93, but his world rank is perplexingly 59. In 2018, he played 18 tournaments and finished under par only twice. He missed more cuts than he made as well. I could be mistaken, but it seems that he got into some majors via a sponsor in 2017 and 2018 and managed to do alright in them. He also ended up winning one of the tournaments he played in last year.

When researching OWGR to figure out how it came about and how it is calculated, I learned a lot. Basically, it's nothing more than party planning. A golf course in Scotland wanted to figure out whom to invite to compete in their tournament and invented the system. It weighs the strength of the field very heavily in rewarding points- and the strength of the field is - yup - you guessed it - determined by people already ranked by the system. So if Dustin Johnson cloned himself and kept playing tournaments exclusive to him and his equally ranked clones, they'd forever hold onto the top rankings. If OWGR was an excel sheet, the creator would get an error popup upon loading it up each day due to circular references. So, Satoshi I'm sure is a great golfer, anyone there should be, but his ranking is very artificially skewered up because he managed to make the cut and finish around 50th in some really packed majors that had a lot of heavy hitters. In fact, the ranking system is so completely absurd, that any millionaire can get themselves world ranked pretty easily. They just need to do something like sponsor a Pro-Am at some odd but counted tour like the Alps Tour and then invite the guys ranked 1st, 2nd and 3rd to compete and filling out the rest of the field with toddlers and yourself. You would be assured a 4th place finish. Yet you didn't beat any of the top 3 golfers in the world. You just beat 100 toddlers. Yet you still get the high ranking because they get 45, 37 and 32 respective points for strength of field, which is greater than if you had a tournament of the golfers ranked 93rd through 200 playing. Finishing 4th behind the only 3 adults and beating 100 toddlers has the same impact as finishing 4th in a field of 107 of the greatest golfers in the world. http://www.owgr.com/about

Finishing 4th and beating 100 toddlers will grant you the same amount of points as finishing 20th at a major. That's how utterly stupid this rating system is. Obviously I'm using some extreme edge cases, it's very likely they would see through that scheme and not count it, but you get the idea of how inconsistent the system is. If you simply altered the PGA tour to the top 3 golfers and then a bunch of amateurs, those amateurs would soon arbitrarily be some of the highest rated in the world themselves, thus feeding itself.

This is why I call my OWGR model Ouroboros https://en.wikipedia.org/wiki/Ouroboros

Dustin Johnson doesn't play defense. He isn't jumping out of the sand trap and blocking your approach shot. Him finishing in front of you has zero impact on how well you performed compared to him. Yet if you simply show up and play in enough events where he easily beats you, you'll end up with a solid world ranking. This is an absurd system. When I researched OWGR, I was simply shocked it was how some random guy created an invitation list for a tournament and because golf feels the need to be so full of tradition they just made that the official world rankings.

Don't get me wrong, the top OWGR guys are all very good DFS plays because they are winners. However, after a certain point you're not dealing with anything at all reliable. I'm not sure at which point it gets diluted, but after a certain point, that metric becomes just as unstable as Bitcoin. I find it very amusing that the indicator that showed me the flaws with OWGR after a certain stage is named Satoshi. I'm also fully aware of how difficult it is to quantify something so intangible as golf. However, there's no doubt in my mind that there must be a significantly better manner than what is currently used.

But, whether or not my hunch is right or wrong, we still have a system where the data is all secretly gathered and stored by the PGA. That's something everyone should be aware of as they set their lineups.

Good luck everyone. Will dive deeper into the shots gained after I get around to buying and reading the book and finally finish analyzing that data. I could very well come back here in two weeks apologizing for my ignorance that gave me the gall to question such genius. In the meantime, good luck grinding out there and I'll post again in a few days with my player pool for the next event.
submitted by DFSx42 to dfsports [link] [comments]

7 Smart Ethereum Price Prediction Methods for HODL’ers

It is incredibly difficult to predict where the price of Ethereum will go.
This is not a matter of talent, or how "smart" you are - I mean, shit, you have possibly made a good deal of money investing in Ethereum. But now you have additional money to invest, and are unsure if now is the best time to buy.
Even the best Ethereum traders/investors in the world are left dumbfounded about when to invest.
Luckily, Ethereum price prediction tools have emerged that are helping investors and analysts better predict where Ethereum prices are going to go.

Why is it so difficult to predict Ethereum prices?

Putting a value on a cryptocurrency is fundamentally different from a stock.
Stock valuations are typically heavily based around one big component: cash flow. The most well-known methods for valuing stocks: DCF, Graham Formula and EBIT Multiples are all based in some form or another on cash flow and profitability.
Cryptocurrencies do not have cash flow, and thus it becomes impossible to use the traditional methods of stock forecasting. What this means is we have to find alternative methods for pricing this amazing technology.
I have outlined 7 different ways we can come to an Ethereum price prediction to help out future investing.

1. Chris Burniske's cryptoasset valuation, aka "I am very thoughtful in my analysis"

Chris Burniske of Placeholder capital and author of the book "Cryptoassets: The Innovative Investors Guide to Bitcoin and Beyond" recently released a very promising and thoughtful piece on Medium outlining a new way to value Cryptoassets.
The outline of the model is this:
Instead, valuing cryptoassets requires setting up models structurally similar to what a DCF would look like, with a projection for each year, but instead of revenues, margins and profits, the equation of exchange is used to derive each year’s current utility value (CUV). Then, since markets price assets based on future expectations, one must discount a future utility value back to the present to derive a rational market price for any given year.
Said a different way, the goal of the model is to derive the asset's utility (for example, Filecoin's utility is price per GB)and what that utility will look like in the future. Then, discount the utility value to what it would cost today.
The model does have a good amount of subjective inputs, so the price estimates I came up with varied significantly. I highly recommend heading over to the Medium piece and completing your own analysis.

2. Cost of Production Model, aka "The cake is a lie"

Initially created for Bitcoin, the cost of production model can be tailored for Ethereum. This analysis was completed by Adam Hayes in March 2015 at the New School for Social Research.The basis of the paper explains that pricing is not based on more traditional methods, but instead centered around the uniqueness of cryptocurrencies - mining statistics.
Directly from the paper:
Break-even points are modeled for market price, energy cost, efficiency and difficulty to produce. The cost of production price may represent a theoretical value around which market prices tend to gravitate.
The authors did state that certain factors such as future technology and utility may prove to be more valuable than the coin in and of itself. These factors could prove challenging for putting a true value on a cryptocurrency.

3. Economics of Price Formation, aka "I am most likely smarter than you"

The Economics of Price Formation method captures the relationship between BitCoin price and supply-demand fundamentals of BitCoin, global macro-financial indicators and BitCoin’s attractiveness for investors.
Written by Pavel Ciaian, Miroslava Rajcaniova, and d'Artis Kancs, the bones of the analysis focuses on vector autoregression (VAR) which I am definitely not covering here. However, the finding of the paper suggests that:
BitCoin market fundamentals have an important impact on BitCoin price, implying that, to a large extent, the formation of BitCoin price can be explained in a standard economic model of currency price formation.
Since the inputs used in the paper are the same, the findings can be carried over to Ethereum. Also of note, is that one of the main inputs of the 1st method, velocity, is also used in this paper.

4. Compound Annual Growth Rate (CAGR), aka "I work in Finance"

Borrowed from the financial world, CAGR seeks to estimate the size of an industry (or in this case, market cap of Ethereum) over a period of a few years.
The cryptocurrency world is expected to grow by 35%, based on CoinDesk data. Using this data, we can estimate what the market cap of Ethereum will be in five years. The required inputs are:
As of 10/23
  1. Current Market Cap ($27B, sourced from CoinMarketCap)
  2. Available supply of coins (95M, sourced from CoinMarketCap)
  3. CAGR (35%, from CoinDesk)
  4. Coin inflation, or anticipated coins (1%, per Ethereum whitepaper)
I have provided a handy Google Sheets spreadsheet utilizing the Spreadstreet Google Sheets plugin to automatically bring in coin information for the calculation. You can find that sheet here:
https://docs.google.com/spreadsheets/d/1HJ8ibUUs8k6vhUyUo7u7jq0nKS0CIb5E7Wti4_zJdCI/edit?usp=sharing

5. Max Market Cap, aka "Ethereum will grow to be bigger than Bitcoin"

Max market cap is a theoretical maximum that is calculated taking the market cap of the most popular coin (in this case Bitcoin) and plugging it in for a seperate cryptocurrency.
In the Ethereum example, the formula is very simply:
Available Coins (Ethereum) / Market Cap (Bitcoin)
This results in a max theoretical value of $1,038 for Ethereum, which as of 10/23 would be a 364% increase. This analysis gets really hilarious when you start using some of the less popular coins such as BAT (46,000% increase) and the useless Dogecoin (88,000% increase). Take with a grain of salt, but still very interesting to see.

6. NVT Ratio, aka "I also sometimes engage in technical analysis"

NVT Ratio is another valuation methdology outlined by Chris Burniske, albeit at a much simpler calculation method.
The calculation is:
Network Value / Estimated Transaction Volume
Where I differ from Chris' advice is I tailored the calculation to give me the value of Ethereum if it were to hit it's max historical peak. For this example, the 30-day trailing average of transaction volume in the last year peaked on December 16th, 2016 at ~126. If we take the current daily transaction volume of ~$498M, this gives us a new market cap of $63B (126 * $498M).
Using this new market cap of $63B, if we divide that by the current supply of 95M, we get a new price of $664.

7. Dartboard, aka "Go f**k your methods, I don't need you"

Because, the dartboard method of Ethereum price prediction is honestly better than most of the crap out there. HODL.

How you can implement these methods with the valuation spreadsheet

The spreadsheet can be setup to update as often as you like by using the following instructions:
  1. Download the Spreadstreet Google Sheets add-in
  2. Click the Google Sheets link here. In the new window, click File - Make a copy.
  3. Important Open the template, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document.
  4. All formulas should update as expected. If not, try refreshing the sheet
The sheet includes CAGR, Max Market Cap, and NVT Ratio. The sheet does not include the cryptoasset valuation, cost of production model, or the economics of price foundation as those methods are significantly more involved. This sheet also does not include the dartboard method, as that requires a physical dartboard.
Good HODL'ers aren't sprinters. They choose each and every investment with care. They know the rules. But they also know how to break the rules. Deliberately. Emphatically. Ruthlessly.
Original Medium post can be found at: https://medium.com/@spreadstreet/7-smart-ethereum-price-prediction-methods-for-hodlers-7f08aad60cb1
John
submitted by 1kexperimentdotcom to EthAnalysis [link] [comments]

White Paper

We are a free society united by the basic idea of ​​freedom and justice, separated from geographical, religious, ethnic and gender prejudices, we reaffirm this document, and we promise to protect freedom and benefit people always and everywhere.

PortBitX Project

The PORTBITX project team creates a service whose main idea is to provide a mobile and convenient system where users and cryptocurrency owners can receive a wide range of services.

1 The essence of the project

The project team asks you to support the creation of a high-tech, simple, convenient and honest ecosystem for people who need to protect their rights and freedoms and use the right to be anonymous and financially independent. The mission of the project is to create a service for storing and exchanging cryptocurrency assets, and also to become a tool allowing to conduct trading operations regardless of geographic location or language skills.
Advantages of the project:

2 State of affairs

Owing to ignorance or low awareness of people about the nature of cryptocurrency assets, cryptoindustry is mythologized in modern society. This applies to both ordinary people and officials in authority.
As a rule, in the minds of people there is more confidence in traditional financial instruments than in technology during their development, for example blockchain (the inability to change the information block / blockchain chain). History knows many examples when the governments of different countries, guided by the interests of their citizens, inadvertently led to the decline of advanced civil initiatives. This time is a period of complex formation of crypto-economics and state relations, which is still in the making.
The project that we present to your attention has no borders between countries and peoples. And we, a group of enthusiasts, would very much like to cooperate with large government organizations. But, to our deep regret, the states currently at the stage of formation of their cryptocurrency policies make mistakes that negatively affect the crypto community.
The market of cryptocurrency assets, which has a ten-year history of development, is very sensitive to various statements by officials. However, unqualified criticism cannot withstand the global trend. And no one can stop the future.
With all the desire, time does not stand still, technologies themselves continue to evolve, new technologies, new projects, new views that can be upgraded in the distant future, as well as processes of government and regulation themselves, to introduce innovative elements into them. We do not expect the distant future, and many tools are available now. And we have something to offer you.
This is especially relevant against the backdrop of the upcoming global financial crisis, with the inevitable decline in trust in state financial institutions; cryptocurrency have high chances of becoming more popular in the absence of other technological alternatives. As we noted earlier, there is a lack of awareness among people about Blockchain technology and cryptocurrencies. These technologies are extremely undervalued, since there is much more benefit in them than one can imagine. In the cryptocurrency assets industry itself, there are fraudsters at this time who are trying to steal or fraudulently get your money.
At the same time, there are many honest crypto projects that can not be realized due to stereotypes of perception of them as fraudulent. Objectively, they could be judged by their work and projects that have been successfully implemented. In principle, it is necessary to be cautious in terms of investing in any projects, even if they are guaranteed by reputable people or companies. No reputable person or company can match the level of guarantee and security of your assets, as in the Bitcoin blockchain. In any case, the decision to invest is yours, not imposed by restrictions, and the responsibility lies with you.
According to Road Map, we intend to fulfill all the terms of the agreement with our participants. We do not promise you a high yield of our tokens, we put all our experience into the overall welfare of the project and each user. There will be no delisting on the service until the community votes for the opposite. Our risk is collective. We urge you to make an adequate and balanced choice, instead of imposing any other opinion on you. We are not supporters of aggressive marketing. There are many cryptocurrency assets and it’s difficult for a regular user to store and exchange them, as well as use them in everyday life.

3 Disadvantages:

These are problems that affect users and cryptocurrency in general.

4 Solution

The PORTBITX project guarantees compliance with all of its obligations and user rights.
We integrate community communications into our PORTBITX service.
Users are offered the following functions:

5 Competitors

Direct market competitors are all decentralized and centralized services related to the purchase or sale of cryptoactive assets, as well as services that provide storage services on a cold or hot crypto wallet. More than 16 thousand services and more than 2 thousand types of cryptocurrency assets. We have the opportunity to offer our clients a reliable and open service for the storage and exchange of cryptocurrency assets.
The main competitors are such large cryptocurrency exchanges like Binance, Bitfinix, Bitrix, etc. These multibillion-dollar projects that can affect the entire market and regulate pricing also have millions of crypto communities. This position is deserved by their work. There are, of course, disadvantages associated with the opacity of their activities, unlike us, but in general they play an important role in the cryptoindustry. Their trading volumes are impressive and inspiring, their mistakes lead to sharp price fluctuations in the crypto market.
There are still crypto exchange. In comparison with the leaders, they are significantly inferior in the volume and number of users. These exchanges include the bulk of all crypto exchanges on the market. There are also exchange services on the market that allow you to exchange fiat money for cryptocurrency assets. Most often the commission is quite expensive. For example, they can range from 1% to 20%. Such a high commission can be explained by the fact that the locations where buyers and sellers are located have government restrictions or are prohibited.
In addition to all of the above, there are closed groups in social networks or instant messengers. There, people discuss and agree on the price and method of payment. Commissions are often not high from 0% to 5%, but one should not hope that such operations can be safe, since personal meetings are always accompanied by a risk to life or health. Exchange transactions in the onion network may have no guarantees at all that the transaction will be successful. In deep web, everything works on credibility / reputation, and the higher the seller’s rating, the higher the likelihood of a successful outcome of the transaction. In the same place, you can sell tagged or stolen cryptocurrency assets. For this, there are special mixing sites to hide the criminal trail. These types of exchange operations are the most unreliable.
For this reason, one of the safest types of exchange operations is large centralized cryptocurrency exchanges. Such centralized services, sometimes using their position, impose their own rules, which leads to a loss of users’ material values. PORTBITX is designed to empower cryptographic protection for maximum convenience and simplicity, as well as to protect the funds and personal data of users. PORTBITX connects all cryptocurrency assets into one transport hub and creates highly efficient curvilinear isolation of the currency to make cryptocurrency as safe and close to people as possible.

6 Segment

A registered user of the PORTBITX portal can be any person supporting the general idea of ​​a free society. Our users are anonymous and financially independent, with the right to vote and the right to receive common incomes obtained by the operation of the portal and the activity of the crypto community PORTBITX. For whom we create a service:
It can be ordinary housewives, entrepreneurs, unemployed, self-employed, freelancers, people who invest in the future, wealthy investors, etc. One of the advantages of the service is anonymity, which gives anyone the right to save and earn around the world online, without fear that tomorrow they will be forced to pay some strange fees or licenses. Service users are interested in the distribution and real use of cryptocurrency. Self-regulating community PORTBITX, respecting the rights of all project participants.
Service users are:
For trust in the trade service there will be a seller rating for all types of goods and services presented. There will be a book of reviews about each seller, where each buyer has the right to leave a review about the product or service. This scheme is actively used in Darknet. The basic principle: the more positive reviews, the more trust. Each seller values ​​his authority and thus provides the best possible product or service. The expression “customer is always right,” works because no one wants to lose their customers. Currently, according to blockchain.com, there are used 34 million people who hold their funds in Bitcoin. The remaining number of users is difficult to calculate, but according to our modest calculations, there are at least 2 times more other users in any other currency. This suggests that there is still a great demand on the market for services of safe storage and exchange of cryptocurrency assets.

7 Bounty

Bounty is a reward of users for PR-activity: subscriptions on forums, maintenance of topics in local language versions, translation of documents into a local language, publications in social networks, blogs and so on. The terms of the bounty are published in the user profile of the section Terms and conditions of the bounty campaign. To participate in the bounty campaign, bounty hunter, you need to register on the site PORTBITX.
You agree to the terms and conditions of the Bounty campaign if you register and do Bounty Hunt. Tasks and their description are listed in the special section “Bounty Hunt”.
Each task is individual and has its own characteristics, so bounty hunters are invited to carefully study the conditions of each task. Rewards are described in each task separately. The results of remuneration depend on the correct execution of the task. The remuneration is charged to the user’s personal account in the personal account.
There is also a payment history for completed tasks.
After the last fundraising stage, all information will be deleted in favor of the anonymity of users. We will also delete information about site visits and personal information that was required to specify to receive a reward. In the case of a request by third parties for data, we did not have information that could harm bounty hunters.
The bounty budget is 14,325,893 PORTBITX. The distribution of tokens in stages is as follows:
Stage 1 – 6,325,000 PORTBITX; Stage 2 – 4 000 000 PORTBITX; Stage 3 – 4 000 893 PORTBITX.
Distribution of PORTBITX tokens:
If the ICO is not successful, the invested funds will be returned to investors, and the reward for bounty hunters will be canceled.
For this reason, we regulate and monitor the social activity of the bounty hunters so that the conduct of all ICO stages is successful. For bounty campaigns, an application to the technical department is provided in order to correct them immediately in case of errors, as well as to assist the bounty hunters in carrying out their tasks.
We are building a healthy community, so we ask that the personal opinion and evaluation of the project PORTBITX of each participant be objective and adequate. Each participant in the campaign bounty is our representative, and for us it is important to have a clear understanding of the face of responsibility and benefit that the community carries out.

8 Market

On the market there are many companies involved in the exchange and storage of cryptocurrency assets. The number of such services is more than 16,000 and this is not the limit, but it is precisely in the face of fierce competition that truly unique and competitive projects are born.
This market situation motivates us to create a truly useful and necessary service in order to make the range of our service available to a wide range of people. Recently, according to Google Trends, interest in cryptocurrency has fallen significantly. Now interest has rolled back to the area of ​​2016-17.
Cryptocurrency industry continues to function and develop. Now on the blockchain, you can create your own e-government, your own elections and currency, everything is limited only by the imagination of all industry participants.
The ecosystem is actively developing for the use of cryptocurrency in trading operations. Governments and regulators in different countries are seeking greater transparency in the cryptocurrency industry.
Some, such as the Japanese government, license and regulate crypto exchange and services. In Japan, cryptocurrency has long been accepted as a means of payment in many outlets. In states with despotic regimes and an unstable economy, one of the few tools for the preservation and enhancement of assets is Bitcoin, for this reason in these countries the rate can differ greatly from the average market rate.
The financial crisis and the instability of markets around the world continues to cause fear among people. In some countries want to ban circulation of dollars. Gold cannot be bought in the usual way and owners may experience some difficulties in working with it. Gold has long ceased to be a means of payment.
The priority for us is the safe storage of cryptocurrency assets, maximum user convenience and integration, the popularization of the cryptoindustry in everyday life.
In order for cryptocurrency assets to be used and an integral part of human activity, we want to form a stable market. At the moment, the capitalization of the entire market for a number of years fluctuates in the range of $ 100– $ 300 billion. The range of exchange operations ranges from $ 13-16 billion per day. The number of cryptocurrency assets represented on the markets is more than 2000 types.
The dominance of the main cryptocurrency Bitcoin is in the range of 49-52% of the entire market.
The tendency to reduce the main quotes scares potential investors, but this is not a reason for surrendering positions to a multi-million dollar audience of crypto enthusiasts. The reason why people continue to create new projects and new systems for exchange and transactional systems is the benefits they bring to humanity. In the market, as well as around the world, there are many unscrupulous developers who need to fight.
We are engaged in creating and securing the credibility of the cryptoindustry so that the user can choose a reliable service or network, and not imposed by anyone. This is one of the fundamental aspects of a free community. The right of choice for the user, “the client is always right” is an integral part of the philosophy of the PORTBITX project. By the level of their responsibility, transparency, advanced thought, innovation, in the future, the work of PORTBITX will judge all cryptomir. The better we, PORTBITX work for the good of society, the more trust we have and the more users use the PORTBITX service.
PORTBITX is part of a new culture, part of an ecosystem where the core value is reputation based on trust. This is a project where reputation is more important than money, and utility and service to people is more important than ostentatious hospitality and external gloss, and the safety of the assets of our project participants is more important than our profit indicators.
Capitalization is growing steadily from year to year.
At the beginning of 2017, the capacity of the crypto market was around $ 19 billion. Now capitalization has grown to $ 200 billion. The growth is colossal, but the market is still young and there will be many more challenges on the way to which all market participants will have to respond. And our participants will be the most prepared.
The number of new blockchains and new projects is growing, and the number of participants in the crypto market is also growing. As a result, the attitude of people to the cryptoindustry is changing for the better, just like the cryptoindustry itself. In 2017, the known cryptocurrency assets were less than 800 species, but now their number has grown. Now on the market represented more than 2,000 species.
Not all assets are honest, there are those whose purpose is to obtain short-term profits, which badly affects the reputation and trust in the cryptoindustry. But, if we recall the story of the beginning of our amazing world, then the price for one Bitcoin was $ 0.00000003. Since then, the situation in the cryptoindustry has changed dramatically. In the future, the cryptoindustry market is waiting for great popularity and that is why reliable and honest services for the storage and exchange of cryptocurrency assets like our project will be needed.
Sharp volatility is such because the market is relatively young and has not reached even a tenth of its potential and capitalization. Therefore, the time in which we live is just a starting point. The world has already passed the Rubicon and there is a long and interesting road ahead. The potential market we can serve in the future is more than one billion users. Now this market is slightly less than 50 million users. Experts expect that in the future cryptocurrencies will replace the official fiat money.

9 Product

PORTBITX is a digital portal for storing, exchanging and trading cryptocurrency assets, as well as a platform for selling goods and services for cryptocurrency. The service is managed by the community by voting. Voting topics are offered through a special application in the voting section.
Service has three main areas.
Secure storage of cryptocurrency.
Secure storage of over 1500 different cryptoactive assets. Safety is ensured by safe cold the repository. The service itself is not directly connected to the repository to prevent the penetration of potentially dangerous programs. The security of user data in the service itself is protected by a local block chain. The entire database and operations are recorded on the principle of a distributed registry. Hacking one server should do this with hundreds of others located in different places. Mining in this block chain is not performed because all the costs of maintaining such security are borne by the service itself. The PORTBITX development team is fully responsible for the security of cryptocurrency assets and for the operation of the service. One of the most vulnerable links in the safety chain is the human factor (concerns not only users, but also developers). For this reason, it is necessary to double-check scenarios, conduct stress testing and carefully select personnel.
Exchange
This is a portal for exchanging all available cryptocurrency assets for any other. The number of assets available on the portal will be recorded in the blockchain for a reliable display of the volume, the number of wallets, users and information on all the operations performed since the launch of the main network will also be indicated in the blockchain.
Any cryptocurrency asset can be exchanged for any other if it is in demand. The market decides for itself how and in what to trade. All exchange orders will be visible in online charts. Potentially, we will add more than 2,500,000 pairs to the portal, but not immediately, but in parts and as each cryptocurrency asset is checked. Also the choice for coins or tokens will always be behind the PORTBITX community. After each vote, all results will be published in the section “Voting” and on the official website of the service.
The portal has a convenient interface and an open registry, i.e. users will be able to monitor and control the network with developers. Also, with certain voting results, there may be additions to the network. In the future, we want to release the service in free navigation and stop controlling the network. If we succeed, we will open source code and create jobs for miners.
Marketplace
Marketplace is valid for the sale of services and products for cryptocurrency. High-quality and convenient service. All transactions on the Marketplace are recorded in the main register of the local blockchain. A wide range of products available advertising products and services, two types of payment (with a guarantee and with a reputation) to choose from.
The following portal functionality:
Voting / referendum
An important component of the PORTBITX portal is voting / referendum. A variety of topics and surveys can be submitted to a vote, directly related to the PORTBITX community and the portal itself. For example, changes in tariff rates, adding new tokens, adding new services and additions to the service. The right to vote is the right to decide the fate of the community, the right to find the best solution to the problems, the right to be free, honest and fair. One voice is 5000 PORTBITX. (this limit can be lowered if the community decides on a general vote).
Since tokens can be sold on third-party services, they cannot automatically take part in voting. Also, all available tokens on the portal should be frozen for a period of voting that lasts no more than 24 hours, starting at 00:00 Central European Time. Tokens are frozen through the user’s personal account in the voting section. Persons who do not have enough tokens for voting, but having the right to profit PORTBITX have the opportunity to see the voting results, as well as to make their proposals for the next vote. Persons who do not have enough tokens for the right to vote and the right to profit will have the opportunity to group together for collective voting. Results and coverage of all voting results will be immediately published after the end on the portal’s main page.
A vote is considered legitimate if a quorum gains 65% of the total number of votes. The decision on the outcome of the vote can be made if the number of those who agreed to 100% of those who participated in the vote is 60%. Voting can be repeated if uncrowded by a majority. In this case, the proposal will be revised. The deadline for a deferred vote may pass unplanned within two weeks after the end of the first vote. If, in the second ballot, the majority of votes will also not reach the bulk of 60%, then this issue will be postponed or canceled and will not be considered within the next 6 months. The right to vote is not just an opportunity to influence the portal, it is the will of the community that developers must obey.
The right to profit
The right to profit is obtained by freezing tokens through the user’s personal account for a period of at least one month. The number of tokens needed to make a profit of at least 1000 PORTBITX. The calculation of the distribution of profits are as follows. All profits from all services provided by the service for a certain period of time in the tokens in which the activity was performed are distributed in relation to all community members who have frozen the tokens directly on the service portal. The profit is distributed in the same currencies in which it was received on the service.
In the event that the frozen asset of the PORTBITX tokens is defrosted ahead of time, then the profit it receives during this period will be distributed among the other participants whose tokens remain frozen. Participation in the project is proved by deed and rewarded, in all fairness. All profits, namely the estimated profits of users during and at the end of the period can be tracked and seen in the registry on the main page accessible to all interested parties. PORTBITX developers do not hide revenues and honestly share them with the community. Each user has the opportunity to check the registry and find their own account. Maximum openness and transparency is the key to trust and success of the service.

10 Road Map

11 Economy and Demand

All information on the movement of funds and their spending will be published on the official website of the company in a special reporting form. All actions performed by PORTBITX will be covered in the news section of the company’s website. The voting results and the timing of their holding, as well as the topics discussed for voting will be in the user’s personal account in the “voting” section. To date, only about 80 million people have a cryptocurrency, store it or use it in payments. Now there’s practically no way to find a person who hasn’t heard about bitcoin or blockchain at least once. The cause of mistrust is people who undermine the true face and good intentions of the founding pioneers of the cryptoindustry.
The market is too small and hypervolatil, but this trend will continue only for some time, until the total market capitalization reaches 1 trillion. USD This milestone will further open the way to even more people who want to be part of the crypto world. A larger number of participants will make this market more stable and less prone to hypervolatility. Unfortunately, there are many scammers and individuals who undermine the basis of the industry, and its usefulness. Therefore, the PORTBITX development team creates a service safe for the safety of users’ funds. According to statistics provided by Blockchain.com from March 2018 to February 2019, the number of new users who registered new cryptocurrency wallets increased from 23 million to 33 million. Based on the data obtained, it can be concluded that there is a need for reliable storage of their cryptocurrency assets. The year 2019 is a preparatory platform for an even larger number of users, so we decided to create a portal for the ecosystem of the cryptocurrency industry.

12 Project Team

One of the important factors in the decision making for an investor is the transparency and fame of the team that works on the project. An investor can check team members, evaluate and decide on investments. The knowledge and experience of the team is a kind of guarantee that the project will be implemented, but as is often the case in real life, this may be far from reality. In the cryptoindustry, nothing can be 100% sure. Any ICO defaults to scam. If you have doubts about our decency, we suggest investing a small amount. By collecting the minimum amount, we will demonstrate in practice that we are credible, because our goal is to benefit the community. Founders of PORTBITX Co-founder and Technical Director Steve Man Co-founder and CEO of CharleySJ Director of Marketing and Public Relations MAD Phoenix Director of Methodology and Legal Support at PenA

13 Investments

The minimum capitalization of the project at the first stage is 1,450 ETH. The minimum total capitalization of the project will be 56,000 ETH. The maximum capitalization of the project can reach more than 160,450 ETH. Tokens will be issued in the amount of 143,258,928.57142. Share will be up to 8 decimal places. ICO is calculated in three stages. We create a product that meets modern requirements and market challenges. Additional issue is not provided. After the last stage of the ICO, all assets not sold will be destroyed.
We initially limit the emission of tokens in order to avoid a large amount of excess asset. Being part of the PORTBITX community means having the privilege of voting and profit of the service. And that means – to understand the idea and share the philosophy of the cryptoindustry and with full responsibility to approach the decisions that will affect the community. The opportunity to receive a bonus will be among the participants of the Bounty campaign and among ICO investors, but by decision of the crypto community. Return of investment will be carried out in several ways. By obtaining distributed service profit Due to the possibility of selling a token at the market price, which can be ten times higher than the initial cost. The token will be based on the ERC20. The predicted price of a token at the end of an ICO can be about $ 3.7. The projected service revenue for the first year may be more than $ 500 million. Pricing can be changed if there is an ETH price manipulation before release. The news about the name and the release of tokens will be announced in the official news, so you should not give in to manipulation.

14 ICO Features

Jurisdiction: Blockchain The number of tokens is 143 million. On ICO 80.225 million On a bounty campaign of 14.3 million The developers and founders of 34.382 million, and the maintenance of the service 14.3 million. Distribution will be carried out automatically. The following fundraising is provided: Stage 1 – 1,450 ETH Stage 2 – 10,000 ETH Stage 3 – 149,000 ETH Pricing and limits 1st stage ICO 1 PBX = 0.002 ETH 1 ETH / 0.002 = 500 PBX 5 ETH / 0.0015 = 3 333.33333333 PBX 10 ETH / 0.001 = 10,000 PBX Rules of the first stage: The minimum amount to raise funds 1,450 Price is limited to pricing policy. Bounty company 6 million Refund in case of not reaching the minimum amount to raise funds 2nd stage ICO 1 PBX / 0.003 ETH 1 ETH / 0.003 = 333.33333333 PBX 5 ETH / 0.0025 = 2,000 PBX 10 ETH / 0.002 = 5,000 PBX 3rd stage ICO 1 PBX / 0.004 ETH 0.5 ETH / 0.004 = 125 PBX 1 ETH / 0.0035 = 285.71428571 PBX 5 ETH / 0.003 = 1 666.66666666 PBX 10 ETH / 0.0025 = 4,000 PBX

15 Legal aspects

Placement of the company – Blockchain. This is due to the fact that we approach the project with full responsibility and are aware of the consequences of our actions, as well as due to pressure from some states and their unfriendly policy to the cryptoindustry. Also, the service will not be present fiatnye currency, as their existence is not combined with the philosophy of our company. We will temporarily not specify the location of the company, as well as disclose the names of developers for the safety of their rights to life, health and freedom. Since we consider ourselves a free community, some data for the sake of security for the sake of this freedom will be hidden from outsiders. We guarantee a refund in case of unsuccessful first stage at 100% minus the miners commission. This is important because the tools incorporated in the first stage are necessary for creating the kernel and the subsequent imposition of software modules. We considered options for direct investment in the project from private investors, but since these investors could influence our strategy and policies, and since they could take some of the functions from the community, we decided to invest in our project as a community by Ico. The risk of investing in our project, of course, is great, but we want to build a really useful service for the industry as a whole and for each user of the service separately. Therefore, we enable the community to judge us by our work.
submitted by Portbitx to Portbitx [link] [comments]

Empirical Cryptoeconomics

Now that the Ethereum infrastructure is becoming increasingly mature, I thought that it would make sense to try to do some empirical tests of just how effective some of the cryptoeconomic tricks that we're been developing are. To that end, I wanted to throw out some proposed experiments that I would live to see community members take on; if you want to do any of them I'll be happy to offer any advice, and if your work is of sufficient quality it may even be worth a DEVgrant.

Market Manipulation

A large number of mechanisms that people have looked at on top of Ethereum have to do with using market prices as inputs into decentralized autonomous processes. A common example is futarchy, where an organization makes decisions by launching a pair of prediction markets on some publicly verifiable metric (eg. user adoption, its own stock price, happiness survey results), where the first market is denominated in a currency which pays out $1 if the company makes decision A and $0 otherwise, and the second market is denominated in a currency which pays out $1 if the company makes decision B and $0 otherwise. The theory is that the first market only has value if decision A is made, and so reflects the market's opinions on the likely value of the metric if decision A is made, and likewise with the second market for decision B. Whichever market shows a higher price, that decision is taken. For example, we may want to launch a pair of prediction market on some metric such as the price of ether, mining difficulty (reflecting the power of the network), etc, where the first market is valid if the Serenity release includes a line of code to increase the balance of the Ethereum Foundation's address (or possibly some other foundation's address, or some DAO's address, etc) by 4.5 million ether to pay for a greatly expanded and prolonged research and development effort, and the second market is valid if no such thing is done. The markets would then determine whether the market is more optimistic about the given metric (price, difficulty, etc) if the extra issuance is done or not.
The efficient market hypothesis essentially states that such markets work reasonably well, ie. if by publicly available knowledge (strong-form EMH also includes private knowledge but is much more controversial) the expected return of a token is p, then the price should be roughly p. The argument is this: if the price is q < p, then there is an opportunity for people to buy the tokens at q, sit on them and reclaim an expected p, and thereby earn an expected p - q arbitrage profits. If the price is r > p, then people can short the tokens, and earn an expected r - p arbitrage profits.
However, the strength of this "arbitrage force" is not infinite: there may not be many market participants with enough information to feel comfortable making such trades, and furthermore trading on the market exposes you to great secondary risk. For example, suppose that a company is deciding whether or not to hire a given CEO, and is making a prediction market on their revenues for the next 5 years in the cases of (i) them hiring the CEO and (ii) them not hiring a CEO. Suppose that you somehow know for a fact that hiring the CEO will add $5 million to their future revenues. However, the current expectation of the company's revenues is $1 billion, and really it could be anywhere from $500 million to $1.5 billion. Suppose that you see this market, and the CEO's cronies have secretly shorted the no shares and bought the yes shares, and thereby inflated the difference to $30 million; the CEO is using this information to demand a $10m salary. Would you be willing to buy no shares and sell yes shares? Not necessarily; assuming each share on the market represents a millionth of revenue, your expected gain from buying a no share and selling a yes share is $30 - $5 = $25, but depending on which way the decision goes you are also exposed to anything from a loss of $500 to a gain of $500 because of all the other factors affecting revenue, and you may not be willing to accept that risk. Hence, the empirical question is, under what circumstances is the arbitrage force strong enough to overpower manipulators?
There are reasons to believe that, in fact, prediction markets will be among the most manipulation-resistant; unlike stock markets, where stock prices may be predicated on revenues 50 years down the line with great uncertainties, and where shorting is difficult and exposes you to a liquidation event if the price further goes up temporarily to a level above what you can pay, prediction market shares are about a specific event and usually have prices bounded within some specific range so there are no liquidation risks for shorters (this is definitely true for LMSR-style systems). However, even still the empirical question remains of just how good they are.
Here are some proposed experiments that could be done on Augur, Gnosis or whatever else:
  1. Launch a prediction market on "what will the output of this smart contract be on Mar 30, 2016?". The contract will be simply and verifiably coded to output 5. Launch a separate smart contract where some specific set of users is rewarded if the average market price exceeds 5; the more it exceeds 5 the higher their reward. This encourages them to try to manipulate the market upwards. See how well the market manages to keep the price close to 5.
  2. Same as (1), except instead the smart contract returns either 0 or 10 depending on the value of a random bit (eg. a block hash); the expected value is still 5 but there is now risk.
  3. Same as (1), except this time we launch two markets: one where the smart contract pays ethereum_blockchain_difficulty / 1 trillion + 5 and the other pays just ethereum_blockchain_difficulty / 1 trillion. Reward the manipulators for pushing the difference in prices above 5. To make the problem favor the manipulators more, reduce the 1 trillion constant to something lower. This simulates the "should we hire the CEO" example.
  4. Same as (3), but replace 5 with a constant X that is only revealed to a select team. Use an interactive protocol to commit to the constant, so that they are convinced that you will need to input a value into the smart contract and that value can only be X, but set the protocol up so that they cannot prove X to others.
  5. Same as (3) or (4), but randomize and privately reveal the direction in which the manipulators are incentivized to manipulate.

Bribe Attacks

A lot of DAOs on ethereum are starting to look at voting mechanisms for decision-making. Can we bribe participants to vote in specific ways? Here's one interesting live experiment: use BTCrelay to trustlessly bribe bitcoin miners to vote for the Classic fork on blocks where block.number % 4 > 0 and Core otherwise (the weird bribing rule is chosen so that (i) it doesn't actually affect the outcome of the decision, as the threshold for Classic is 75% and so assuming Core and Classic miners are equally susceptible to the bribe it should proportionately shrink p-0.75 (where p is the percentage of miners that vote for Classic) and not change the sign, and (ii) so that we can actually tell how many miners are taking the bribe and don't have to argue about whether or not they took the bribe because they wanted Classic to succeed anyway).

DAO 51% attacks

Another attack on DAOs is the simple "buy 51% of the shares and use them to vote to give yourself 100% of the money" attack; in corporate land, this (and much more subtle versions of this) is essentially the reason why shareholder regulation exists. One possible countermeasure is to build in a cooldown period so as to let people pile in even more money on the "good guy" side if such an attack takes place, preventing the vote from passing through and even allowing the good guys to in turn disenfranchise the attackers. Make a DAO to empirically test this.
(Note: this is essentially equivalent to the arguments around P + epsilon attacks)

Quadratic Voting

Quadratic voting has seen a lot of attention recently as an incentive-compatible voting scheme. The idea is simple: anyone can make k votes for a decision by paying k^2 tokens; from there it's just a majority vote. The theory is that if someone gains x from a decision being made, and each vote has a probability p of being pivotal, then they have the incentive to keep buying votes for as long as the price of the next vote is less than px. Because the total price of k votes is k^2, and we know from calculus that the derivative of k^2 is 2k, users will have the incentive to keep buying tokens until 2k > px; hence, they will buy k = px/2 tokens. You can see from this math that the number of tokens that a voter buys should be proportional to x, ie. the amount that they gain from the decision being made. Hence, the number of votes that a voter makes should actually reflect the strength of their preference, and not just which option they prefer.
We can empirically test this by setting up a quadratic voting DAO, and setting up choices that give users very obvious incentives. For example, the DAO could choose between decision A and B, where A gives user u[1] x[1] coins, user u[2] x[2] coins, etc, and B could give user u[1] y[1] coins, user u[2] y[2] coins, etc. We can then let these users vote, and see what the correlation is between whether sum(y) > sum(z) and whether A is chosen or B.
submitted by vbuterin to ethereum [link] [comments]

Trading Cryptocurrency Markets

Hello! My name is Slava Mikhalkin, I am a Project Owner of Crowdsale platform at Platinum, the company that knows how to start any ICO or STO in 2019.
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Major Exchanges
In finance, an exchange is a forum or platform for trading commodities, derivatives, securities or other financial instruments. The principle concern of an exchange is to allow trading between parties to take place in a fair and legally compliant manner, as well as to ensure that pricing information for any instrument traded on the exchange is reliable and coherently delivered to exchange participants. In the cryptocurrency space exchanges are online platforms that allow users to trade cryptocurrencies or digital currencies for fiat money or other cryptocurrencies. They can be centralized exchanges such a Binance, or decentralized exchanges such as IDEX. Most cryptocurrency exchanges allow users to trade different crypto assets with BTC or ETH after having already exchanged fiat currency for one of those cryptocurrencies. Coinbase and Kraken are the main avenue for fiat money to enter into the cryptocurrency ecosystem.
Function and History
Crypto exchanges can be market-makers that take bid/ask spreads as a commission on the transaction for facilitating the trade, or more often charge a small percentage fee for operating the forum in which the trade was made. Most crypto exchanges operate outside of Western countries, enabling them to avoid stringent financial regulations and the potential for costly and lengthy legal proceedings. These entities will often maintain bank accounts in multiple jurisdictions, allowing the exchange to accept fiat currency and process transactions from customers all over the globe.
The concept of a digital asset exchange has been around since the late 2000s and the following initial attempts at running digital asset exchanges foreshadows the trouble involved in attempting to disrupt the operation of the fiat currency baking system. The trading of digital or electronic assets predate Bitcoin’s creation by several years, with the first electronic trading entities running afoul of the Australian Securities and Investments Commission (ASIC) in late 2004. Companies such as Goldex, SydneyGoldSales, and Ozzigold, shut down voluntarily after ASIC found that they were operating without an Australian Financial Services License. E-Gold, which exchanged fiat USD for grams of precious metals in digital form, was possibly the first digital currency exchange as we know it, allowing users to make instant transfers to the accounts of other E-Gold members. At its peak in 2006 E-Gold processed $2 billion worth of transactions and boasted a user base of over 5 million people.
Popular Exchanges
Here we will give a brief overview of the features and operational history of the more popular and higher volume exchanges because these are the platforms to which newer traders will be exposed. These exchanges are recommended to use because they are the industry standard and they inspire the most confidence.
Bitfinex
Owned and operated by iFinex Inc, the cryptocurrency trading platform Bitfinex was the largest Bitcoin exchange on the planet until late 2017. Headquartered in Hong Kong and based in the US Virgin Island, Bitfinex was one of the first exchanges to offer leveraged trading (“Margin trading allows a trader to open a position with leverage. For example — we opened a margin position with 2X leverage. Our base assets had increased by 10%. Our position yielded 20% because of the 2X leverage. Standard trades are traded with leverage of 1:1”) and also pioneered the use of the somewhat controversial, so-called “stable coin” Tether (USDT).
Binance
Binance is an international multi-language cryptocurrency exchange that rose from the mid-rank of cryptocurrency exchanges to become the market dominating behemoth we see today. At the height of the late 2017/early 2018 bull run, Binance was adding around 2 million new users per week! The exchange had to temporarily disallow new registrations because its servers simply could not keep up with that volume of business. After the temporary ban on new users was lifted the exchange added 240,000 new accounts within two hours.
Have you ever thought whats the role of the cypto exchanges? The answer is simple! There are several different types of exchanges that cater to different needs within the ecosystem, but their functions can be described by one or more of the following: To allow users to convert fiat currency into cryptocurrency. To trade BTC or ETH for alt coins. To facilitate the setting of prices for all crypto assets through an auction market mechanism. Simply put, you can either mine cryptocurrencies or purchase them, and seeing as the mining process requires the purchase of expensive mining equipment, Cryptocurrency exchanges can be loosely grouped into one of the 3 following exchange types, each with a slightly different role or combination of roles.
Have you ever thought about what are the types of Crypto exchanges?
  1. Traditional Cryptocurrency Exchange: These are the type that most closely mimic traditional stock exchanges where buyers and sellers trade at the current market price of whichever asset they want, with the exchange acting as the intermediary and charging a small fee for facilitating the trade. Kraken and GDAX are examples of this kind of cryptocurrency exchange. Fully peer-to-peer exchanges that operate without a middleman include EtherDelta, and IDEX, which are also examples of decentralized exchanges.
  2. Cryptocurrency Brokers: These are website or app based exchanges that act like a Travelex or other bureau-de-change. They allow customers to buy or sell crypto assets at a price set by the broker (usually market price plus a small premium). Coinbase is an example of this kind of exchange.
  3. Direct Trading Platform: These platforms offer direct peer-to-peer trading between buyers and sellers, but don’t use an exchange platform in doing so. These types of exchanges do not use a set market rate; rather, sellers set their own rates. This is a highly risky form of trading, from which new users should shy away.
To understand how an exchange functions we need only look as far as a traditional stock exchange. Most all the features of a cryptocurrency exchange are analogous to features of trading on a traditional stock exchange. In the simplest terms, the exchanges fulfil their role as the main marketplace for crypto assets of all kinds by catering to buyers or sellers. These are some definitions for the basic functions and features to know: Market Orders: Orders that are executed instantly at the current market price. Limit Order: This is an order that will only be executed if and when the price has risen to or dropped to that price specified by the trader and is also within the specified period of time. Transaction fees: Exchanges will charge transactions fees, usually levied on both the buyer and the seller, but sometimes only the seller is charged a fee. Fees vary on different exchanges though the norm is usually below 0.75%. Transfer charges: The exchange is in effect acting as a sort of escrow agent, to ensure there is no foul play, so it might also charge a small fee when you want to withdraw cryptocurrency to your own wallet.
Regulatory Environment and Evolution
Cryptocurrency has come a long way since the closing down of the Silk Road darknet market. The idea of crypto currency being primarily for criminals, has largely been seen as totally inaccurate and outdated. In this section we focus on the developing regulations surrounding the cryptocurrency asset class by region, and we also look at what the future may hold.
The United States of America
A coherent uniform approach at Federal or State level has yet to be implemented in the United States. The Financial Crimes Enforcement Network published guidelines as early as 2013 suggesting that BTC and other cryptos may fall under the label of “money transmitters” and thus would be required to take part in the same Anti-money Laundering (AML) and Know your Client (KYC) procedures as other money service businesses. At the state level, Texas applies its existing finance laws. And New York has instituted an entirely new licensing system.
The European Union
The EU’s approach to cryptocurrency has generally been far more accommodating overall than the United States, partly due to the adaptable nature of pre-existing laws governing electronic money that predated the creation of Bitcoin. As with the USA, the EU’s main fear is money laundering and criminality. The European Central Bank (ECB) categorized BTC as a “convertible decentralized currency” and advised all central banks in the EU to refrain from trading any cryptocurrencies until the proper regulatory framework was put in place. A task force was then set up by the European Parliament in order to prevent and investigate any potential money laundering that was making use of the new technology.
Likely future regulations for cryptocurrency traders within the European Union and North America will probably consist of the following proposals: The initiation of full KYC procedures so that users cannot remain fully anonymous, in order to prevent tax evasion and curtail money laundering. Caps on payments that can be made in cryptocurrency, similar to caps on traditional cash transactions. A set of rules governing tax obligations regarding cryptocurrencies Regulation by the ECB of any companies that offer exchanges between cryptocurrencies and fiat currencies It is less likely for other countries to follow the Chinese approach and completely ban certain aspects of cryptocurrency trading. It is widely considered more progressive and wiser to allow the technology to grow within a balanced accommodative regulatory framework that takes all interests and factors into consideration. It is probable that the most severe form of regulation will be the formation of new governmental bodies specifically to form laws and exercise regulatory control over the cryptocurrency space. But perhaps that is easier said than done. It may, in certain cases, be incredibly difficult to implement particular regulations due to the anonymous and decentralized nature of crypto.
Behavior of Cryptocurrency Investors by Demographic
Due to the fact that cryptocurrency has its roots firmly planted in the cryptography community, the vast majority of early adopters are representative of that group. In this section we cover the basic structure of the cryptocurrency market cycle and the makeup of the community at large, as well as the reasons behind different trading decisions.
The Cryptocurrency Market Cycle
Bitcoin leads the bull rally. FOMO (Fear of missing out) occurs, the price surge is a constant topic of mainstream news, business programs cover the story, and social media is abuzz with cryptocurrency chatter. Bitcoin reaches new All Timehigh (ATH) Market euphoria is fueled with even more hype and the cycle is in full force. There is a constant stream of news articles and commentary on the meteoric, seemingly unstoppable rise of Bitcoin. Bitcoin’s price “stabilizes”, In the 2017 bull run this was at or around $14,000. A number of solid, large market cap altcoins rise along with Bitcoin; ETH & LTC leading the altcoins at this time. FOMO comes into play, as the new ATH in market cap is reached by pumping of a huge number of alt coins.
Top altcoins “somewhat” stabilize, after reaching new all-time highs. The frenzy continues with crypto success stories, notable figures and famous people in the news. A majority of lesser known cryptocurrencies follow along on the upward momentum. Newcomers are drawn deeper into crypto and sign up for exchanges other than the main entry points like Coinbase and Kraken. In 2017 this saw Binance inundated with new registrations. Some of the cheapest coins are subject to massive pumping, such as Tron TRX which saw a rise in market cap from $150 million at the start of December 2017 to a peak of $16 billion! At this stage, even dead coins or known scams will get pumped. The price of the majority of cryptocurrencies stabilize, and some begin to retract. When the hype is subsiding after a huge crypto bull run, it is a massive sell signal. Traditional investors will begin to give interviews about how people need to be careful putting money into such a highly volatile asset class. Massive violent correction begins and the market starts to collapse. BTC begins to fall consistently on a daily basis, wiping out the insane gains of many medium to small cap cryptos with it. Panic selling sweeps through the market. Depression sets in, both in the markets, and in the minds of individual investors who failed to take profits, or heed the signs of imminent collapse. The price stagnation can last for months, or even years.
The Influence of Age upon Trading
Did you know? Cryptocurrencies have been called “stocks for millennials” According to a survey conducted by the Global Blockchain Business Council, only 5% of the American public own any bitcoin, but of those that do, an overwhelming majority of 71% are men, 58% of them are between the ages of 18 and 35, and over half of them are minorities. The same survey gauged public attitude toward the high risk/high return nature of cryptocurrency, in comparison to more secure guaranteed small percentage gains offered by government bonds or stocks, and found that 30% would rather invest $1,000 in crypto. Over 42% of millennials were aware of cryptocurrencies as opposed to only 15% of those ages 65 and over. In George M. Korniotis and Alok Kumar’s study into the effects of aging on portfolio management and the quality of decisions made by older investors, they found “that older and experienced investors are more likely to follow “rules of thumb” that reflect greater investment knowledge. However, older investors are less effective in applying their investment knowledge and exhibit worse investment skill, especially if they are less educated and earn lower income.”
Geographic Influence upon Trading
One of the main drivers of the apparent seasonal ebb and flow of cryptocurrency prices is the tax situation in the various territories that have the highest concentrations of cryptocurrency holders. Every year we see an overall market pull back beginning in mid to late January, with a recovery beginning usually after April. This is because “Tax Season” is roughly the same across Europe and the United States, with the deadline for Income tax returns being April 15th in the United States, and the tax year officially ending the UK on the 6th of April. All capital gains must be declared before the window closes or an American trader will face the powerful and long arm of the IRS with the consequent legal proceedings and possible jail time. Capital gains taxes around the world vary from jurisdiction to jurisdiction but there are often incentives for cryptocurrency holders to refrain from trading for over a year to qualify their profits as long term gain when they finally sell. In the US and Australia, for example, capital gains are reduced if you bought cryptocurrency for investment purposes and held it for over a year. In Germany if crypto assets are held for over a year then the gains derived from their sale are not taxed. Advantages like this apply to individual tax returns, on a case by case basis, and it is up to the investor to keep up to date with the tax codes of the territory in which they reside.
2013 Bull run vs 2017 Bull run price Analysis
In late 2016 cryptocurrency traders were faced with the task of distinguishing between the beginnings of a genuine bull run and what might colorfully be called a “dead cat bounce” (in traditional market terminology). Stagnation had gripped the market since the pull-back of early 2014. The meteoric rise of Bitcoin’s price in 2013 peaked with a price of $1,100 in November 2013, after a year of fantastic news on the adoption front with both Microsoft and PayPal offering BTC payment options. It is easy to look at a line going up on a chart and speak after the fact, but at the time, it is exceeding difficult to say whether the cat is actually climbing up the wall, or just bouncing off the ground. Here, we will discuss the factors that gave savvy investors clues as to why the 2017 bull run was going to outstrip the 2013 rally. Hopefully this will help give insight into how to differentiate between the signs of a small price increase and the start of a full scale bull run. Most importantly, Volume was far higher in 2017. As we can see in the graphic below, the 2017 volume far exceeds the volume of BTC trading during the 2013 price increase. The stranglehold MtGox held on trading made a huge bull run very difficult and unlikely.
Fraud & Immoral Activity in the Private Market
Ponzi Schemes Cryptocurrency Ponzi schemes will be covered in greater detail in Lesson 7, but we need to get a quick overview of the main features of Ponzi schemes and how to spot them at this point in our discussion. Here are some key indicators of a Ponzi scheme, both in cryptocurrencies and traditional investments: A guaranteed promise of high returns with little risk. Consistentflow of returns regardless of market conditions. Investments that have not been registered with the Securities and Exchange Commission (SEC). Investment strategies that are a secret, or described as too complex. Clients not allowed to view official paperwork for their investment. Clients have difficulties trying to get their money back. The initial members of the scheme, most likely unbeknownst to the later investors, are paid their “dividends” or “profits” with new investor cash. The most famous modern-day example of a Ponzi scheme in the traditional world, is Bernie Madoff’s $100 billion fraudulent enterprise, officially titled Bernard L. Madoff Investment Securities LLC. And in the crypto world, BitConnect is the most infamous case of an entirely fraudulent project which boasted a market cap of $2 billion at its peak.
What are the Exchange Hacks?
The history of cryptocurrency is littered with examples of hacked exchanges, some of them so severe that the operation had to be wound up forever. As we have already discussed, incredibly tech savvy and intelligent computer hackers led by Alexander Vinnik stole 850000 BTC from the MtGox exchange over a period from 2012–2014 resulting in the collapse of the exchange and a near-crippling hammer blow to the emerging asset class that is still being felt to this day. The BitGrail exchange suffered a similar style of attack in late 2017 and early 2018, in which Nano (XRB) was stolen that was at one point was worth almost $195 million. Even Bitfinex, one of the most famous and prestigious exchanges, has suffered a hack in 2016 where $72 million worth of BTC was stolen directly from customer accounts.
Hardware Wallet Scam Case Study
In late 2017, an unfortunate character on Reddit, going by the name of “moody rocket” relayed his story of an intricate scam in which his newly acquired hardware wallet was compromised, and his $34,000 life savings were stolen. He bought a second hand Nano ledger into which the scammers own recover seed had already been inserted. He began using the ledger without knowing that the default seed being used was not a randomly assigned seed. After a few weeks the scammer struck, and withdrew all the poor HODLer’s XRP, Dash and Litecoin into their own wallet (likely through a few intermediary wallets to lessen the very slim chances of being identified).
Hardware Wallet Scam Case Study Social Media Fraud
Many gullible and hapless twitter users have fallen victim to the recent phenomenon of scammers using a combination of convincing fake celebrity twitter profiles and numerous amounts of bots to swindle them of ETH or BTC. The scammers would set up a profile with a near identical handle to a famous figure in the tech sphere, such as Vitalik Buterin or Elon Musk. And then in the tweet, immediately following a genuine message, follow up with a variation of “Bonus give away for the next 100 lucky people, send me 0.1 ETH and I will send you 1 ETH back”, followed by the scammers ether wallet address. The next 20 or so responses will be so-called sockpuppet bots, thanking the fake account for their generosity. Thus, the pot is baited and the scammers can expect to receive potentially hundreds of donations of 0.1 Ether into their wallet. Many twitter users with a large follower base such as Vitalik Buterin have taken to adding “Not giving away ETH” to their username to save careless users from being scammed.
Market Manipulation
It also must be recognized that market manipulation is taking place in cryptocurrency. For those with the financial means i.e. whales, there are many ways in which to control the market in a totally immoral and underhanded way for your own profit. It is especially easy to manipulate cryptos that have a very low trading volume. The manipulator places large buy orders or sell walls to discourage price action in one way or the other. Insider trading is also a significant problem in cryptocurrency, as we saw with the example of blatant insider trading when Bitcoin Cash was listed on Coinbase.
Examples of ICO Fraudulent Company Behavior
In the past 2 years an astronomical amount of money has been lost in fraudulent Initial Coin Offerings. The utmost care and attention must be employed before you invest. We will cover this area in greater detail with a whole lesson devoted to the topic. However, at this point, it is useful to look at the main instances of ICO fraud. Among recent instances of fraudulent ICOs resulting in exit scams, 2 of the most infamous are the Benebit and PlexCoin ICOs which raised $4 million for the former and $15 million for the latter. Perhaps the most brazen and damaging ICO scam of all time was the Vietnamese Pincoin ICO operation, where $660million was raised from 32,000 investors before the scammer disappeared with the funds. In case of smaller ICO “exit scamming” there is usually zero chance of the scammers being found. Investors must just take the hit. We will cover these as well as others in Lesson 7 “Scam Projects”.
Signposts of Fraudulent Actors
The following factors are considered red flags when investigating a certain project or ICO, and all of them should be considered when deciding whether or not you want to invest. Whitepaper is a buzzword Salad: If the whitepaper is nothing more than a collection of buzzwords with little clarity of purpose and not much discussion of the tech involved, it is overwhelmingly likely you are reading a scam whitepaper.
Signposts of Fraudulent Actors §2
No Code Repository: With the vast majority of cryptocurrency projects employing open source code, your due diligence investigation should start at GitHub or Sourceforge. If the project has no entries, or nothing but cloned code, you should avoid it at all costs. Anonymous Team: If the team members are hard to find, or if you see they are exaggerating or lying about their experience, you should steer clear. And do not forget, in addition to taking proper precautions when investing in ICOs, you must always make sure that you are visiting authentic web pages, especially for web wallets. If, for example, you are on a spoof MyEtherWallet web page you could divulge your private key without realizing it and have your entire portfolio of Ether and ERC-20 tokens cleaned out.
Methods to Avoid falling Victim
Avoiding scammers and the traps they set for you is all about asking yourself the right questions, starting with: Is there a need for a Blockchain solution for the particular problem that a particular ICO is attempting to solve? The existing solution may be less costly, less time consuming, and more effective than the proposals of a team attempting to fill up their soft cap in an ICO. The following quote from Mihai Ivascu, the CEO of Modex, should be kept in mind every time you are grading an ICO’s chances of success: “I’m pretty sure that 95% of ICOswill not last, and many will go bankrupt. ….. not everything needs to be decentralized and put on an open source ledger.”
Methods to Avoid falling Victim §2 Do I Trust These People with My Money, or Not?
If you continue to feel uneasy about investing in the project, more due diligence is needed. The developers must be qualified and competent enough to complete the objectives that they have set out in the whitepaper.
Is this too good to be true?
All victims of the well-known social media scams using fake profiles of Vitalik Buterin, or Bitconnect investors for that matter, should have asked themselves this simple question, and their investment would have been saved. In the case of Bitconnect, huge guaranteed gains proportional to the amount of people you can get to sign up was a blatant pyramid scheme, obviously too good to be true. The same goes for Fake Vitalik’s offer of 1 ether in exchange for 0.1 ETH.
Selling Cryptocurrencies, Several reasons for selling with the appropriate actions to take:
If you are selling to buy into an ICO, or maybe believe Ether is a safer currency to hold for a certain period of time, it is likely you will want to make use of the Ether pair and receive Ether in return. Obviously if the ICO is on the NEO or WANchain blockchain for example, you will use the appropriate pair. -Trading to buy into another promising project that is listing on the exchange on which you are selling (or you think the exchange will experience a large amount of volume and become a larger exchange), you may want to trade your cryptocurrency for that exchange token. -If you believe that BTC stands a good chance of experiencing a bull run then using the BTC trading pair is the suitable choice. -If you believe that the market is about to experience a correction but you do not want to take your gains out of the market yet, selling for Tether or “tethering up” is the best play. This allows you to keep your locked-in profits on the exchange, unaffected by the price movements in the cryptocurrency markets,so that you can buy back in at the most profitable moment. -If you wish to “cash out” i.e. sell your cryptocurrency for fiat currency and have those funds in your bank account, the best pair to use is ETH or BTC because you will likely have to transfer to an exchange like Kraken or Coinbase to convert them into fiat. If the exchange offers Litecoin or Bitcoin Cash pairs it could be a good idea to use these for their fast transaction time and low fees.
Selling Cryptocurrencies
Knowing when and how to sell, as well as strategies to inflate the value of your trade before sale, are important skills as a trader of any product or financial instrument. If you are satisfied that the sale itself of the particular amount of a token or coin you are trading away is the right one, then you must decide at what price you are going to sell. Exchanges exercise their own discretion as to which trading “pairs” they will offer, but the most common ones are BTC, ETH, BNB for Binance, BIX for Bibox etc., and sometimes Tether (USDT) or NEO. As a trader, you decide which particular cryptocurrency to exchange depending on your reason for making that specific trade at that time.
Methods of Sale
Market sell/Limit sell on exchange: A limit sell is an order placed on an exchange to sell as soon as (also specifically only if and when) the price you specified has been hit within the time limit you select. A market order executes the sale immediately at the best possible price offered by the market at that exact time. OTC (or Over the Counter) selling refers to sale of securities or cryptocurrencies in any method without using an exchange to intermediate the trade and set the price. The most common way of conducting sales in this manner is through LocalBitcoins.com. This method of cryptocurrency selling is far riskier than using an exchange, for obvious reasons.
The influence and value of your Trade
There are a number of strategies you can use to appreciate the value of your trade and thus increase the Bitcoin or Ether value of your portfolio. It is important to disassociate yourself from the dollar value of your portfolio early on in your cryptocurrency trading career simply because the crypto market is so volatile you will end up pulling your hair out in frustration following the real dollar money value of your holdings. Once your funds have been converted into BTC and ETH they are completely in the crypto sphere. (Some crypto investors find it more appropriate to monitor the value of their portfolio in satoshi or gwei.) Certainly not limited to, but especially good for beginners, the most reliable way to increase your trading profits, and thus the overall value and health of your portfolio, is to buy into promising projects, hold them for 6 months to a year, and then reevaluate. This is called Long term holding and is the tactic that served Bitcoin HODLers quite well, from 2013 to the present day. Obviously, if something comes to light about the project that indicates a lengthy set back is likely, it is often better to cut your losses and sell. You are better off starting over and researching other projects. Also, you should set initial Price Points at which you first take out your original investment, and then later, at which you take out all your profits and exit the project. That should be after you believe the potential for growth has been exhausted for that particular project.
Another method of increasing the value of your trades is ICO flipping. This is the exact opposite of long term holding. This is a technique in which you aim for fast profits taking advantage of initial enthusiasm in the market that may double or triple the value of ICO projects when they first come to market. This method requires some experience using smaller exchanges like IDEX, on which project tokens can be bought and sold before listing on mainstream exchanges. “Tethering up” means to exchange tokens or coins for the USDT stable coin, the value of which is tethered to the US Dollar. If you learn, or know how to use, technical analysis, it is possible to predict when a market retreatment is likely by looking at the price movements of BTC. If you decide a market pull back is likely, you can tether up and maintain the dollar value of your portfolio in tether while other tokens and coins decrease in value. The you wait for an opportune moment to reenter the market.
Market Behavior in Different Time Periods
The main descriptors used for overall market sentiment are “Bull Market” and “Bear Market”. The former describes a market where people are buying on optimism. The latter describes a market where people are selling on pessimism. Fun (or maybe not) fact: The California grizzly bear was brought to extinction by the love of bear baiting as a sport in the mid 1800s. Bears were highly sought after for their intrinsic fighting qualities, and were forced into fighting bulls as Sunday morning entertainment for Californians. What has this got to do with trading and financial markets? The downward swipe of the bear’s paws gives a “Bear market” its name and the upward thrust of a Bull’s horns give the “Bull Market” its name. Most unfortunately for traders, the bear won over 80% of the bouts. During a Bull market, optimism can sometimes grow to be seemingly boundless, volume is rising, and prices are ascending. It can be a good idea to sell or rebalance your portfolio at such a time, especially if you have a particularly large position in one holding or another. This is especially applicable if you need to sell a large amount of a relatively low-volume holding, because you can then do so without dragging the price down by the large size of your own sell order.
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BITCOIN Halving 2020 Prediction! Will BTC Pump!? Bitcoin Mining In 5 Simple Steps The CryptoCurrency mining difficulty log Feb 8 2020 Bitcoin Ethereum LiteCoin Monero Eth Classic Bitcoin Price Prediction For 2016 BITCOIN BREAKOUT?! BTC AND ETHEREUM 3 DAY FORECAST! $1000 Profit on 1 Trade! Bitcoin TA

“Bitcoin will approach the record high of about $20,000 this year, in our view, if it follows 2016’s trend.” Let’s take a look at those patterns. 2013 to 2017 Based on the Occam’s razor principle and the paradigms applied in practical prediction problems using machine learning algorithms, we adopted statistical methods for Bitcoin daily price prediction and machine learning models for Bitcoin 5-minute interval price prediction. The results show that the statistical methods perform better for low-frequency data with high-dimensional features, while ... Bitcoin mining is regulated by a difficulty factor which determines how hard it is to mine one block of bitcoin. Recently the difficulty factor was just above 500,000,000,000. Coinidol.com investigates the effects of this rise on the Bitcoin mining activities. How is the bitcoin difficulty prediction calculated? To predict the next difficulty, the bitcoin client. next retarget in days is an estimate when the current 2016 blocks will be mined. bitcoin affiliate program. Embed bitcoin difficulty data. You can easily embed this data no your website. You can use these iframes. Difficulty table code Bitcoin halvings occur every 210,000 blocks, and the next estimated occurrence should happen in May of 2020 — nearly 15 months from now. It is also important to point out that decreases in the difficulty of Bitcoin’s hashing algorithm, and tests of the 200-week moving average have both historically resulted in significant growth for Bitcoin ...

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BITCOIN Halving 2020 Prediction! Will BTC Pump!?

Macro Factors May Drive Bitcoin Up 100x in Next ... This Happened With Bitcoin In 2016!! Bitcoin Halving And Fundamentals Markets Are Bleeding!! - Duration: 16:49. The Blockchain Today 1,127 ... Ever wondered what it takes to get started with Bitcoin mining? Learn how in 5 simple steps. Free Video Reveals: How To Earn 3.24 BTC In 51 Days. All For Fre... The Bitcoin Halving 2020 countdown kicks into HIGH GEAR! What is Chico Crypto’s price prediction for this year's BTC halving 2020? Will the crypto markets pump? Or will cryptocurrency as a whole ... #Mining #BitCoin #Cryptocurrency Visuals by https://visualdon.uk/ Check out there work, it's radical. TRack - Depression Drive - Fla.mingo Welcome to the 16th episode of CCMDL , Feburary 8 2020 We ... From 2016, he has been giving insightful Talks and Presentations in bitcoin, Blockchain and Bitcoin Mining to the public. Please SUBSCRIBE to Blockchain 360 channel and enjoy our comprehensive ...

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