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Detroit REKT City: Cardano Copersgene simmons bought ADA, but he probably sent it to the deadalus scam wallet rn the cardano copers are trying to get the deadalus scam wallet removed because its stealing all the coins from the noobs... cardano can't even have the foresight to consider people might search for "cardano wallet" in the app store and they claim to be the future of blockchang? all that marketing and hype and this is the result this blockchang has been around for like 5 years bro.. what's their excuse for this? no easy mobile wallet, no smart contracts? no pure proof of stake? you're waiting on etheopia while other chains have confirmed integrations with the LINUX FOUNDATION and CANADA BANKS. it will cost those etheopians $0.25 per transaction to even move money. it's over for this ghost chain.
BITTREX:ADAUSDShort
by coinhoIio
21
The EHang Report Easily ExplainedEHang (EH) is an urban air mobility company, which is just a fancy way of saying drone, from China. Ehang’s stock crashed a whopping 62%, from $122 to $46, after a report was released. This report was released yesterday from Wolfpack Research, and I would like to go over some of the most important points from the report. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk. EHang's Empty Facilities The report starts with a brief summary of why EHang is a complete scam. Analysts from Wolfpack research visited EHang’s corporate headquarters / main manufacturing facility, and found out that it was practically empty. They roamed around the facility for 20 minutes, and couldn’t find anyone. The facility lacked advanced manufacturing equipment, a basic assembly line, and the hardest worker in the company was apparently this one security guard who was sitting down on the ground behind the bushes. This is surprising given that EHang supposedly claims to be full of world class proprietary technologies, sells drones that cost close to $300,000, and manufactures a product that could put the lives of its customers at risk if it were to be stolen, improperly operated, or tampered with. Wolfpack research has a good track record of having exposed other China-based companies, and the fact that the facility was completely empty just seemed awfully familiar. While the facility being empty doesn’t necessarily mean that EHang is a complete scam, at the least, it’s a good indication that the business is not what it claimed to be in the SEC filings. Pre-Manufactured Parts Besides employees, they also couldn’t find any industrial grade manufacturing machinery, assembly line, raw material inventory, or special work zones, which are actually very common in automobile or drone factories. Instead, it seemed highly likely that EHang was simply assembling pre-manufactured parts, as they found hundreds of boxes for parts that are used in EH216. They weren’t able to find any raw material or production equipment, and logically thinking, based on how small EHang’s actual input in creating the product is, it’s legally disputable as to whether the company can claim that their products are “manufactured by EHang”. As a comparison, they compared XAG’s facility to that of EHang’s, and both companies are located in Guangzhou. XAG manufactures unmanned drones and they look like a legitimate factory. So EHang, which manufactured drones that carry passengers, should look more robust than this. Even when comparing EHang to Robinson, a small helicopter company that is a potential competitor for EHang, Ehang’s facility looks nothing like theirs. The Yunfu Factory The analysts then debunk a lot of claims that EHang made about their supposed “manufacturing facility” in Yunfu. The first claim was that EHang had built a new production facility in Yunfu, but this turned out to be deceiving. While there was a large facility, EHang had simply rented the facility, and was in the process of retrofitting it. The second claim that EHang made, was that they had started manufacturing at the Yunfu factory in December 2020, but this claim was also false. This is what the reception for the factory looked like, and analysts were told by the Yunfu Park Committee that construction wouldn’t be complete until around February 2021. Most of the areas in the factory were either under construction or completely empty. And obviously, there weren’t any manufacturing equipment or assembly lines. The management committee also said that they were “uncertain whether or not Yunfu EHang’s funding would be available”, which raises a lot of questions about EHang’s supposed government support for this facility. Dr. Moore and T Motors Wolfpack spoke to Dr. Moore, who is the director of engineering for aviation at Uber, and discovered that Ehang uses hobby grade motors, which are not meant to propel aircrafts that carry passengers. Dr. Moore said that he “closely inspected and analyzed their configuration, and I see no significant IP anywhere." "They were using T motors. Those are hobby grade motors. Those are not aerospace products.” So then Wolfpack immediately went to research T motors, a Chinese hobby grade motor. In the custom section, where they offer original design manufacture services, or ODM services, they found something very familiar. In case you don’t know what ODM is, basically, T motor lets EHang choose the color of the motor casing, and lets EHang put their logo on parts that are designed and manufactured by T motors. Based on this, Wolfpack Research concluded that EHang was conducting light-assembly of parts they purchased from ODMs, whose motors shouldn’t be used to carry passengers. Kunxiang They also claimed that EHang created a paper company called Kunxiang, in order to pump up the stock’s price. 2 out of 3 addresses for the company Kunxiang were false, with one being an address for a hotel, and another being for an office located on the 13th floor, when the building itself had only 11 floors. Sham contracts with Kunxiang had been fabricated to pump up revenue, and make it seem like the company was growing at a rapid pace. Wolfpack Research believes that a whopping total of $33.4m from EHang’s entire revenue appears to be from sham contracts. Not to mention the fact that EHang has only collected cash for 20% of its reported revenue since its IPO, which amounts to $3.6m. What’s really suspicious about this is that they don’t charge interest on late payments, nor do they ask their clients for collateral. Deceiving Press Releases Most importantly, EHang has made extremely misleading press releases. In their Chinese press releases, they talk about misleading statements regarding regulations and licenses granted by the US and Canada. Conversely, in the English press release, they talk about regulatory approvals in China, so that both Chinese and Western investors have no idea as to what is actually happening. This is extremely deceptive. They have also omitted key words like ‘short term’, ‘one time’, ‘trial’, or ‘test’, when describing their flight approval, and add words like ‘passenger-grade’ and ‘commercial’, when describing their license. Ehang's Rebuttal To be fair, EHang has released a statement with the title: Ehang responds to deceptive Wolfpack Research Report. They say that they have forward-looking projections, statements, and predictions that are reasonable, and it’s not that they’re outright scamming, but that there are certain risks and uncertainties beyond the management’s control. To me personally, their report is not convincing at all. Conclusion The field of urban air mobility actually has potential. But with companies like EHang marrying social perception, innovation will be hindered. We’ve seen Nikola (NKLA) do this with hydrogen cars, and it seems like EHang is doing something similar, just to a worse degree. An SEC-led investigation is imminent. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
NASDAQ:EH
by Michael_Wang_Official
5
XRPUSD long swing First of All. XRP is an absolute scam with strong scamamentals and it can go to zero VERY VERY quick. With that said Weekly TF showing signs of strength. We have underlying demand trendline now marking the initial structural weekly trend basis. Once we have more significant impulses might have to establish news basis to respect the significant change in amplitude. Bt as of now things are looking structurally good unless that demand basis is broken. Several high probability target ranges based on S/R are outlined.
BITSTAMP:XRPUSDLong
by D7R
2
Should You Be Trading Forex?In this article I’ll show you the pros and the cons of trading Forex so that you can decide whether Forex trading is for you. What Are The Pros of Trading For ex? The fascinating world of Forex. You see, it’s super easy to find the pros because there’s no shortage of ‘Forex Gurus’ out there telling you they’re the greatest thing ever! So let’s cover some of the pros of the Forex markets. 1. It’s open 24 hours Well, the first one that everybody tells you is that it is open round the clock. So it’s not like trading stocks where you have regular trading hours and then a few extended hours. No, it means that you can trade it 24 hours a day through the business week. It is the market that never sleeps. Now, we are trading from 5:00 p.m. on Sunday until 4:00 p.m. on Friday and these are Eastern times. But as you can see, it is open all the time. And this is intriguing to many people because they have still a daytime job and then they want to trade at night or in the evening or early morning. And this is one first pros you hear often about the Forex market. 2. “It’s the most liquid market in the world” There is another pro, this is where people say, “It is the most liquid market in the world.” What do they mean by this? It means there’s a lot of volume going on. I found that the average trading volume in the Forex market is around five trillion dollars every day. Now, in comparison, the New York Stock Exchange is making around 160 to 200 billion dollars. It’s peanuts compared to what’s happening in the Forex market. So this is why the Forex brokers tell you, “Why wouldn’t you participate in the most popular market in the world,” right? The most liquid market in the world. And if you’ve ever been caught in a trade that you couldn’t get out of, you understand what a plus it is to have a very liquid market. 3. No commissions What is another advantage here of trading Forex? Well, you have absolutely no commissions. These days, as you know, commissions have gone away for trading stocks. They are still there when you’re trading options and when you are trading futures. So, of course, it is super attractive when Forex trading says that there is no commissions, why wouldn’t you do this? When most people start trading, they’re trading for growth typically due to their account size (or lack thereof). Because of this, doing anything you can to preserve capital (i.e. no commission) can be very appealing. 4. Free tools Brokers are telling you, “We give you free charts and tools.” You get calculators, you get charting software, you get everything for free. Now, again, in 2020, right now, this is pretty much the standard. Most brokerages for stocks and options are also giving you free charts, watchlists, scanners, etc. But if you think a couple of years back, this is when brokers were still charging for everything from the data feed to additional features. Anyhow, with Forex trading, it was always free and it will always be free. Sounds good thus far, right? 5. You can start with as little as $10 So let’s talk about the fifth advantage here. You can actually start with as little as $10. Can you believe it? Most brokers ask you to fund your account with at least $500 or $1,000, and if you want to trade stocks and options, it makes sense to start with around $2,000 to $5,000, right? Here you can start with only $10. I Googled “Best Forex Brokers 2020” and I found the minimum deposits for these brokers are $100, $10, $0, $200, $100 — super easy to fund, and you’re getting a leverage of 500 to 1. What does this mean? It means that if you put $100 in there, you’re getting $50,000 buying power. I mean, amazing, right? What Are The Cons of Trading Forex? So it seems that just looking at this, there are so many pros why would you not trade Forex? Well, let’s talk about the cons here. 1. Foreign exchange First, let’s clarify what “Forex” actually means: Foreign Exchange So you would think, like the New York Stock Exchange or the CBOE, the Chicago Board of Options, that there is an exchange, right? Here is the deal, and this is the kicker. Most people don’t know this, but there is no foreign ‘exchange’. So how are you trading them? Well, this is the deal… 2. You’re trading against the house You are not trading against other traders. You are trading against the broker. Yep, that’s it. You are trading against the broker, and the broker is trading against you because there is no foreign exchange. Now, this is why here in the United States, Forex trading has almost been banned. 3. They are not trusted by the CFTC There’s this commission we have here in the U.S. called the CFTC, short for the Commodities Futures Trading Commissions. It’s a government institution, and they actually warn and protect us against Foreign Exchange Currency Fraud. On the CFTC’s own website, they have an article titled “Beware of Foreign Currency Trading Frauds,” and here is a highlight from the article: “Often, the investor’s money is never actually placed in the market through a legitimate dealer, but simply diverted–stolen–for the personal benefit of the con artists.” So let’s go back here. It’s the most liquid market in the world. However, again, there is no foreign exchange, right? There are no commissions, no fees, but these Forex brokers, they actually sponsor race cars according to a press release from McLaren.com. They’re also sponsoring RoboMarkets, which is another Forex broker. You might say, “So what? They’re sponsoring a few cars, who are watching Formula One anyhow?” Well, keep this in mind, sponsors are sponsoring Formula One with 30 billion dollars. You may also be thinking, “Well, big deal. I mean, here in the US we have football, right?” I mean, we have 32 teams in the league. However, the NFL sponsorship is only 1.5 billion. This must be why Forex brokers are not sponsoring the NFL. I mean, who watches NFL right? Kidding, but you get the idea. So they are sponsoring race cars, which is 30 billion, 20 times as much as the NFL. How They Make Money? So you might be wondering if there are no commissions if there are free charts and tools if everything is free how do they make money? How how can they sponsor a billion-dollar industry? 1. They steal money from you Well, we just talked about it. What did the CFTC say? They steal money from you. You are trading against the broker and it’s like playing against the house. In Vegas, when you’re playing against the house, who wins? The house always wins. 2. It’s addicting It’s also open 24 hours a day, just like Las Vegas. I mean, why would they close Las Vegas? Same with the Forex market, it’s because it is a billion-dollar money-making machine. You have to be very careful, especially when it is open 24 hours, it can lead to addiction. Same as Vegas here, because, hey, let’s just pull on the slot machine one more time. It’s the most liquid market in the world, but it doesn’t matter because you’re not trading against other traders. Even if there are millions and billions of traders in there, you’re trading against the house. 3. They trick you with free incentives and low buy-in There are no commissions, of course, but why would they charge you commissions when they steal your money? I mean, we have just seen it according to the CFTC. These are not my words, it’s their words, and they are an official government’s institution. They offer free charts and tools but the same idea here. Why charge you for these when they just steal your money. You see in Forex, you can start with as little as $10-$100, as I mentioned earlier. However, with stocks and options, as I said, I recommend that you have $2,000 to $5,000 here. So this is where we compare it again to Las Vegas. In Las Vegas there are 164,000 slot machines, right? You know, the slot machines where you only pay $0.25 to get started here? On the other hand, you have 600 poker tables. Why? At the poker table, your minimum buy-in is anywhere between $30 and $100. So you get the idea, right? I mean, this is why Forex is like a slot machine. And this is why they keep the entry-level low because they even let you fund an account with your credit card. Summary I promised you, first of all, that this will be eye-opening. Should you be trading Forex? Well, keep in mind, you are trading against the house. There are a few brokers that let you trade against other traders, but most brokers out there are taking the other side of your trade. They are providing you the quote. This is why they give you free quotes and free tools. Remember, there is no foreign exchange. Keep this in mind. So the key questions here are… Can You Make Money Trading Forex? Maybe. There are some traders who are really, really, really good, but the odds are against you. There’s people who come back from Las Vegas and they make money every single time they go to Vegas, but think about the majority. What happens to the majority of people when they go to Vegas? They lose money, right? So what should you do? Should You Trade Forex? Well, here’s my advice. If you want to trade, I would say trade stocks and options, and here’s why: You are trading against the house. I cannot say this often enough, but I hope that I can do this until it sinks in, until you realize that when trading Forex, you’re trading against the house. Let me know in the comments if you have some experience with Forex brokers, or if you have opened an account and what happened. Did you make money or did you lose money? I hope that this is helpful and tells you a little bit behind the scenes of what is happening in the Forex market. It is the biggest market in the world, a five trillion market, compared to the U.S. stock market worth 200 billion.
by rockwelltrading
2
Before investing in CRO, read thisWhy i think CRO wil drop in the short term and in the long therm. Short story, a lot of early investors of MCO are mad and they have lots of CRO that will be unlock within one or 2 weeks and a lot more in 6 months. They feel wronged and don't see any potential in CRO. LONG STORY: MY 3 year journey with CDC (cryptodotcom) I first posted my review on the cryptodotcom reddit but they censor everything they don't like, so here's my story again. For the record I did not participate in the ICO. I held MCO since the summer of 2017. This is not FUD and it is highly subjective because it is MY experience. Crypto.com is a great app for buying crypto. But I would not trust them with all my funds after what happened on August the 3rd. Crypto.com was once called Monaco. They had an ICO for a cryptocurrency payments card. 15.7 million coins were sold and the other 15.7 million were hold by crypto.com. You could get a free card with benefits if you locked up 0, 50, 500, 5000 or 50000 MCO on the app. The higher, the better the rewards. It took a while before the first cards arrived and they kept giving wrong eta's until they stopped doing that because it always got delayed. After a while they printed 100 billion of a new coin called CRO it would be used for a whole payment network. MCO holders on the app would get airdropped 5 cro for every mco that they hold, each month for 60 months. After 7 months the airdrops stopped. Cards started shipping in the USA and the airdrops had to stop because of regulatory issues. So mco holders were pretty bumped out about that, but were happy that cards started to ship in other regions than just Singapore. Months passed, there was some advertising for MCO but not that much, finally cards started to ship in Europe and investors thought that this would be the moment for MCO to finally increase in price. But honestly most of the teams attention went to CRO and the new exchange with CRO-trading pairs. MCO holders were getting worried and during an AMA with the CEO of crypto.com Kris M. they asked if there was going to be a tokenswap for MCO with CRO. And he said there will NEVER be a token swap. So good news. There was also an MCO moon stopover on the roadmap so early investors were still hopeful. Months went by, MCO started disappearing from the major exchanges (getting locked up 6 months for the card) so things were looking up. Price also started to go slightly upwards. There was only a 15.7 million supply so after a while, the price would go up (high demand low supply - > basic economics) But after a while the price of MCO was starting to go down. MCO was flowing back on the exchanges. These were some weird events according to some early investors. They started asking questions. Is cdc (short for cryptodotcom) running on a fractional reserve? But they never got an answer. Then it happened. A maintenance for the app and exchange was announced for the 3rd of August. Nothing special, these things have to be done now and then. But a lot of early investors woke up and couldn't believe their eyes. A token swap was almost forced upon them. The MCO token would become useless and you would need CRO to stake for the card. But the problem was the terrible conversion rate. 1 MCO for 27 CRO. And a 20% bonus locked on the exchange for 6 months if you swapped before September(what now they can give free CRO after all???). (end rate 1:33) So what is so bad about this, and I've noticed that this is really hard to understand for some people is this. If you had a market share of 1% in MCO then you now had 1/6000 of that market share in CRO. How did they justify this? They based it on the dollar value of the coins at the last couple of days. Yes the last days when they let MCO die in a ditch and promoted the sh*'t out of CRO. A couple of months ago MCO/CRO would be 100. So yes this was the perfect timing for them. We don't know for sure for how long this was the plan. Did they pumped up the price of CRO and sold locked MCO cheap? There is no proof of that but it all smells fishy. The next day, 4th of August there was once again a AMA with Kris M. The CEO. (something I forgot to mention, the CRO lockup for the same card did a x100. Weird right? When user only got an x32. 500 mco card became a 50000 CRO card. If you had the card already you'd be grandfathered in) Alot of people complained but Kris said that they couldn't give out higher rates like x100 because it would cost them too much money. Yes you read that correctly they couldn't give early investors a higher rate of their 100 billion printed CRO. That would literally cost them nothing. It's only a lost future profit. Small price to pay to keep the early investors happy who made it possible for CRO to be created. So what did they do, they lowered the stake for the cards with /5. 50000 CRO became 10000 etc. Pretty smart move to keep the attention of the x33 swap rate. There's a chance that this was the plan al along. But again this is just speculation. End of story. Alot of things happened that are fishy. And I still hope that there will be a bigger reward for the early investors. But I doubt it. It's a good app for buying crypto but I would not trust them with all of your funds because they can freeze them whenever they want. Cards work fine and I'll keep using one. Customer support is a bit slow but always friendly and helpful. Some people will have the same opinion as me, and others will probably call me a whiny little b*tch. So let just skip that part. It's a review and those are subjective. And this should be allowed in the cryptospace.
HITBTC:CROUSD
by pol13337
6
NKLA: A scam remains a scamWell Nikola is a classic example of what happens when a scam gets too big. Newbie investors hop on board, who are misinformed and think, basing their opinion mostly on mainstream media articles, that Nikola will be the next Tesla. Unfortunately the mainstream media is totally clueless, and it becomes more and more apparent that Nikola is and has been an elaborate scam from the beginning. The latest Hindenburg report and the very lackluster response from CEO Trevor Milton speak volumes. Then SEC and now even the DOJ are investigaten Nikola for securities fraud. The stock will do a classic ABC corrective structure, and will collapse down to 10 USD. What happens then depends on how the affair will be resolved. But we assume that Nikola will end up getting completely hammered, and the CEO will end up facing criminal charges, possibly even jail, thus the stock will pull a wirecard on us. That's just my opinion, so as always, please do your own research when investing or trading.
NASDAQ:NKLA
by SebastianofMoon
17
Weekend scam dump buy targetsWe sometimes get big counter-trend washout dump moves on the weekend that get bought back up during the week. These moves are bewildering at first, buy if you have been trading bitcoin for a while you will start to see these moves as an opportunity. Currently bitcoin is closer to breaking through the $12K resistance and out of the current consolidation than it is to breaking down. This idea is more of a "if this does happen here is how I am prepared" strategy. The 12H is a great timeframe to trade with bitcoin . It just cuts out the noise. The 12H 55ema and 12H 89ema are speaking to me and telling that if there isn't a breakout today and there is a washout move on Saturday or Sunday, these emas are lining up with some good support levels. This idea is most likely invalidated if $12K is broken (confirmed with a 12H candle close), but if we look back at June 1rst there was a higher high that was dumped quite violently on June 2nd. That dump was on a Tuesday, so not exactly a weekend move but puts in perspective the possibilities. If there was a similar dump of about %16 from $12.6K, the next resistance level , that would send the wick down to $10.4k or so. I prefer to catch scary wicks that are likely to atleast have enough of a bounce to exit the trade at a minor loss if it looks like its a real change of trend. I don't like buying "at support" because it becomes very difficult to manage risk with static stop losses and we humans need to sleep. Note that I don't put on more than 3x-4x leverage and try to scalp some away as soon as possible to minimize risk from the dump going deeper. I don't think buy target 3 is in play anytime soon, but put it on there as it is an area I am looking at. $9150-$9300 would be next. **Not financial or trading advice, just sharing what I am doing so I can continue to progress as a trader.**
BITMEX:BTCUSD.PLong
by Longshortman
[SHORT THAT THING] BITCOIN IS GOING DOWN HARDOK, so the bull run is over, everyone who bought bitcoin a few days or a few weeks ago will get rekt hard. Don't forget to set up stop-loss or sell crypto today. Markets will crash and this will trigger gold and bitcoin crash. The dollar will be the king like always. Just look at dollar demand! It's so high, that there is a shortage of coins. Please leave a comment on how I'm wrong, so I can put „I told you so“ in a couple of months.
BITSTAMP:BTCUSDShort
by UnitedFreedomJapan
5