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TRON 45% Move Upwards in PlayHey traders, today we're charting tron.. a very highly requested chart by followers. Tron is looking very bullish right now, not only on the chart but fundamentally too. The announcement of the partnership with Samsung was HUGE a few weeks ago, and I think that was reflected in the price already. We are in altcoin season, or at least the beginning of what it's going to be. We should see that reflected in the prices of these altcoins to bitcoin in the next coming few months. Tron is a great buy along that yellow line at 210 sats with a nice exit at 283. It's holding the level at 210 very well and the 200MA crossed the 100MA sparking interest in the market. If you're outside of the United States and want to take this trade, I suggest signing up on Binance. The link is down below. This trade may take even a few weeks, but just watch. This will hit to a T, save this post for later. Entry @ 200-210 sats (under the 210 support) Target @ 283 sats (swing high of the downtrend move) I do believe in all my charts I post, and in saying that my current altcoin holdings are TRX, BAT, XRP, and XLM. All 4 of these charts look exactly the same. As always please do your own research, I am not a financial advisor.
Long
by kyer
TRX/BTC Trade Idea - 45% MoveJust like a majority of the altcoins, Tron looks like it's beginning it's alt season. We saw the bottom in late Sept.-early Oct. just like XRP. We won't see those levels again for a while.. I don't usually use indicators, but moving averages help understand what position the market is swinging, especially the 100MA (red) and 200MA (white). In this case, they've crossed for the first time since July and we're left with a potential 45% move. This dip in the market right now causing price to dip sub 200 sats was because the move at 210 sats failed. This is just normal market cycle, use this dip to your advantage and enter the market. Tron will cross back over the 210 sat move very fast, then accumulate on top of the 210 level before it tries to test 283 sats. Entry @ 195-197 sats Exit @ 283 sats As always please do your own research, I am not a financial advisor.
Long
by kyer
2
BTC at critical level,holding above 8400 for a possible reversalHi, guys, the market is in a gloomy mood. Pump and dump have occurred from time to time for the last two weeks. Overall, BTC price has gone through a measured downtrend movement for the time period which is not friendly to traders, because not volatility means no trading opportunities. So any hope of a turnaround this week? Let's walk through the technical picture first. The weekly chart looks bearish as the push-up that happened at the end of October has almost vanished, topping at 10500. And bearish pin bar generated in the last weeks clearly indicate selling force has overrun BTC. Daily Chart is very weak, with an orderly slide to 8400 over the last two weeks, whereas no quick slump shows the market is not panic anyway. RSI comes down to 40, sitting at the trendline. So, in the daily picture, BTC is not oversold and may still have some downside room until the panic price movement crop up. Anyway, $8400 is a very critical price level. Once broken, the bear will definitely push the price down close to 8000. Low volatility indicates the ongoing choppy move may soon come to an end.
BITMEX:BTCUSD.P
by UnknownUnicorn3838311
FETCH - Future of Blockchain Innovations or just next Sh#tcoin?As you can explore on official website Fetch.AI is a decentralized digital blockchain in which useful economic activity takes place. This activity is performed by autonomous agents delivering solutions to tasks like deployment of algorithms, IoT and complex systems. The most interesting part of the project is that activity of agents based on machine learning and AI . Pretty ambitious application at first glance. But plunging into further study of the project, I was surprised how thoughtfully and logically Fetch.AI team is building their project. Fetch.AI team is basing in Cambridge, UK. And the main architect and CEO of the startup is Humayun Sheikh. He is original pioneer from DeepMind – artificial intelligence company acquired by Google for around $500 million. It doesn’t even make sense to tell you how Google’s neural network works, you already know this very well when you are using search or getting ads. The most important thing is that Fetch.AI project essentially implements a neurocomputer on the blockchain. And the team behind the project seems to be clearly knowing how to make it work. But what is the Fetch.AI token? First you need to know that FET is a utility token, not a security. And the main purpose of it is to be used by autonomous agents to deploy specific economic activity in the network such as: connecting agents to the network, exchanging value between agents, accessing ledger-based AI/ML algorithms etc. Quite difficult to understand? In the practical application this means Fetch.AI network will be used in decentralized commodity exchanges, transport and mobility, energy, IoT, smart cities, E-commerce, healthcare, social networks. Wow, but that affects almost every aspect of our lives! That is the reason I decided to post this idea. I am considering Fetch project as one of the most promising and what is important undervalued on crypto market . Of course, a lot of work still needs to be done. Presently FET is an ERC20 token and a full mainnet is scheduled for the end of Q4 2019. But some practical implementations are made already: September 30 2019 – Beta mainnet launched. October 10 2019 – First staking auction took place. October 18 2019 – Fetch.AI DeFi commodity platform records historic first trade. The trade was conducted between Turkish steel giant Bastug Metallurgy and one of its suppliers. October 21 2019 – Fetch.AI machine learning scientist Yujian Ye has produced two papers. Both supported by the EU Sysflex project under the European Union’s Horizon 2020 research and innovation program. Both highlight how Fetch.ai’s autonomous agents will be at the center of the energy models of the future. October 22 2019 – Fetch.AI and Grey Swan Digital have entered into an agreement to integrate their platforms in order to offer Smart Market Making and Smart Margin Lending. Do not get me wrong, I do not want to exaggerate Fetch.AI project. But you must admit, deploying real use case at such early stage of development is very rare and promising in the crypto market. Pretty good for a project that does not have even its own mainnet yet, what do you say? Now let’s go to the technicals. Here when the ugly comes. After one of the most successful IEOs (initial exchange offering) on Binance with a starting price $0.0867 for 1 FET token about $6M were raised. FET price reached almost $0.49 and after… DUMPED SO HARD that the only definition for it as a sh#tcoin came to mind… In the moment price made huge x5 gains for IEO successors who speculatively sold on the top and continued selling during almost all year 2019: Huge selloff led to a collapse of FET price by 93% The bears were joined by early investors who bought FET on presales before the IEO which tokens were being unlocked during all that period. As a result, the price went down to the level of the very first presale of $0.0341: FET price returned to its ultimate low Seed Sale level where found support Now you probably already regret taking time to read this long-drawn-out idea, but do not rush, because we have good possibilities of obtaining high returns on this asset. The first signal that we can notice is a huge volume spike on FET/BTC chart : The increase in volume coincided with Fetch.AI’s first staking auction We see slightly less volume on FET/USDT chart, so we can only guess that the reason may also be the overflow of Bitcoins into Altcoins on the eve of the new altseason. Or, large speculators choose an undervalued assets as a long term investments. But what we are confident with accuracy is that validators and large stakeholders who bought and continue buying FET token do not intend to push the price further down . This is due to the high level of investments that they need to hold as a stake, as well as the high cost of equipment used for nodes maintenance. Secondly , we can notice RSI divergence on both FET/USDT and FET/BTC daily charts: RSI Divergence on daily charts indicates possible bottom For these reasons, we can consider current levels as a long-term bottom. With that being said, my overall thoughts on Fetch.AI are inclined to the fact that this asset is very promising not only from a fundamental point of view, but also from a technical. As for the price drop you must understand that revalued IEO, unlocked tokens of early investors, drop in Altcoin capitalization against of the Bitcoin capitalization growth – all these circumstances resulted in such a strong panic sale. And at the moment FET token is one of the most undervalued in the market . Buying FET now for long term might result in great investment opportunity. When saying long term, I mean 3 to 5 years. This idea is not advertising and author did not receive any rewards or tokens for it :) What will happen next the price will tell. This idea is not a financial advise, but you probably know that already ;)
Long
by V0ld3mar
5
TRX/BTC - 33% Profit PotentialHey traders, today we're charting tron.. a very highly requested chart by members in my telegram. Tron is looking very bullish right now, not only on the chart but fundamentally too. The announcement of the partnership with Samsung was HUGE, and I think that was reflected in the price already. Tron is a great buy along that yellow line at 210 sats with a nice exit at 283. It's holding the level at 210 very well and the 200MA is about to cross the 100MA sparking interest in the market. If you're outside of the United States and want to take this trade, I suggest signing up on Binance. The link is down below. This trade may take even a few weeks, but just watch. This will hit to a T, save this post for later. As always please do your own research, I am not a financial advisor. Binance Sign-Up: www.binance.com Signal Group: t.me Group Chat: t.me
Long
by kyer
Quick explanation why ICOs went so bad.So the ico hype and craze came with allot of cool ideas. Here was one that raised 20 million usd ico and started off trading at over 1000 sats think all time high was around .34 cents usd. Down over 99.9% from ATH. Down 90% from initial ICO. Is it going to meet it's doom and lose all speculative value? What happens if it does? Does the company die? Before getting into the technical Analysis I want to talk about why it is down so much as this is something everyone needs to consider before investing or even starting a trade. Overall valuation. What is it? how can we determine it with limited data? Well to start off we need to look at how long the company has been around, who started it and how much they raised at ICO? With Block V it is a little tricky because they have a parent company called Vatomic LLC they've been floating this idea around about the block v platform since 2015. www.crunchbase.com Next we need to look at who's involved and what else they have going on. I'm not going to throw names on here but research will show allot of people involved in vatomic or Block V are involved with other business's that intend to use this platform, DYOR. So it leads to the Question is Block V they're main focus or is it just a platform they use to reach they're end goal? When Guys like Novagratz talk about them he mentions Vatomic the company and not Block V the platform. It's just a platform they use for they're other companies. When they get a partnership is block v creating these vatoms for clients or one of they're other companies like Vatom labs or Varius Solutions getting hired and earning the revenue? Yes they need the platform to work to use it but they do not need it to be a household name for they're other companies to be successful. Something any speculative investor needs to keep in mind. Next Lets look at fund raising. They raised 20 million usd at ico for tokens that provide 0 share in the company. What have similar business's outside of the crypto space raised? Wikitude which is a similar digital object platform raised 2.1 million Euros or $2,332,575 usd in 2009. I'm comparing to wikitude and not others because minus the blockchain aspect the platforms are pretty similar. So 1 company raises 20 million with 0 stake in company to investors. The other raises 2.3 million and offers stake in company to investors. Wikitude raised 88.5% less money than Block V. Notice that % difference is very close to how much block v is down from ico price. Only off by a couple %. Earned income. How does block v earn money since theyre token is down over 90% in value, How does theyre revenue model compare to others? You can argue at ICO they presold theyre product to users aka token holders. Those were they're inital customer base. you need the token to access the platform so it's part of they're product or platform. Yes they charge .02 usd per object created. To earn 1 million USD in revenue in 1 year or 5% of what they raised they need to sell or have 50,000,000 vatoms created. That's allot of objects. Wikitude just charges for the software $2,765 for the software license. They need to sell 362 copies to earn 1 million usd in revenue per year. Imo its much harder to get 50 million digital objects sold than 362 pieces of software. Lets talk about maintenance, features and ease of use. Block V charges a $.02 cent maintenance or renewal fee per year for each digital object you create if you want to keep them on the platform. Wikitude is a one time fee for the software. Features. Although blockv says its a ar platform and has a AR app. However to use AR on a Vatom you still need AR sorftware, it only allows you to use AR on a vatom. Wikitude is the complete package. No other software needed to use AR on your objects. Ease of use, Block V is very hard to use because documentation and support is lacking, still missing features promised in white paper. Wikitude documentation is 100% complete they even have a no code feature to make it easier for non tech savy business's and people to use. A company using block V probably wont be able to create digital objects in house as the could with Wikitude. That will cut out majority of small business's using the block v platform when you think about it. It wasn't created for them. Valuation. We can't determine how successful they have been to date. Can't tell how many different companies and agencies are using the platform or amount of vatoms being emitted per campaign or how often they are. You can look at the vatom map and see how many vatoms have been emitted though and although you see progress does it justify the amount they raised or its current market cap of $4 million usd? Wikitude has a current yearly earnings of $4.1 million usd. Just based off they're earnings you can assume they have more daily users on they're platform. Both independent developers and business's. How the investor makes money? Block V you're speculating people want to use something and you will be able to sell what you bought at a higher price. The real reality is investors only bought access to use they're product. They also crushed investors buy delaying they're economic model. At least if you bought at ico it was 1 vee token = 1 vatom. New model is 2cents usd per vatom. So if you bought at ico and trying to make vatoms. They cut the amount you can produce by 10x since its current price is uner $.002 of a penny. They signed up to be a customer. Wikitude earns over $4 million usd a year, its profitable, Investors own part of the company it's a night and day difference. Now lets look at the charts. With everything said above its pretty obvious price was gonna go where it did well before even looking at a chart. Vee has been in a 21 month downtrend. Out of the last 21 months, 5 months were green and 16 months red. It's not looking good. Looking on the weekly chart since July It has printed its third lower high to confirm that the trend is still down, there's no indications of letting up. Since it bottomed on September 9th it has printed its 2nd lower low on the weekly. On sequential it did flip from a green count last 4 weeks to a red count which also signals a reversal. Volume is allot lower than it was back in july and even lower than it was a year ago. That signals traders and speculators are not stepping up for this one. Also when a asset goes down in value over 90% from initial cost i think people generally don't want to risk getting burnt. As a investor or long trader you need the price to go up not a downward death spiral. With all that said i see the token eventually trading between 1-5 sat level. Most likely no later than July 2020. We're still in a bear market the trend never changed. You'll get you're occasional pump and dumps because to 99% of people that is all this is. Its a utility token and has 0 value. It's access to use a platform that's it. Its not a investment vehicle or a token that should be traded. Speculation died on this one well over a year ago and that's exactly what the chart shows. Will Block V die? No. All speculative value has disappeared though never to return. Even if the token trades at a 1000th of a penny the people that need to use the token will still be able to. If every exchange delists it everyone involved in vatomic and partnered companies will still have access to vee. I created this post as a hope that some people in this space will read it and smarten up and do more due diligence in this space. Knowledge is power. The more people that can evaluate projects properly through research and TA the less people get rekt in this space. 95% of these projects should not be here. They only exist because of the exuberance of 2017 and these projects decided to take advantage of that. Best of Luck on your trades!
Short
by L234
21
DBC Deepbrainchain- Support holding, pump comingDeepbrain chain has had a nice pump out of the triangle pattern that you can see forming for a decent period of time. This looks like accumulation to me. Maternodes being released very soon and the project has been growing with alot of partnerships and universities/companies using their platform. Price has retraced to support and had a strong bounce from there. We also have price holding right around the .618 golden zone. This is likely a completed first wave.
DLong
by dmitch696
Shitcoin - Maximalism is a scam!Bitcoin maximalism (or religious fundamentalism, nationalism, supremacism or other extremist doctrines for that matter) contradicts overwhelming empirical evidence that the broad market values different things, both simultaneously and over time. Bitcoin Maximalist A low IQ, low energy Bitcoin-loving bigot who thinks that any coin that has not been approved by the maxis ("shorthand for Bitcoin Maximalist"), should be thought of and labeled as a shit-coin. They are considered to be narcissistic, heavily opinionated and ill-mannered. A bitcoin maximalist will come in hot in almost any discussion but will not answer coherently, especially when their views are debunked. Some refer to bitcoin maximalists as crypto-thought police, as they often dictate crypto narratives that end up shrouded in misinformation. They speak from an authoritative standpoint about Bitcoin and/or crypto, regardless if their positions and beliefs are based on complete B.S. Bitcoin Maximalists are notorious for using straw man arguments and will often block anyone that calls them out in any public forum. Bitcoin maximalism ranges from Bitcoin obsession ("sees no other coin but Bitcoin") to Bitcoin conservatism ("believes that other coins can exist, but that Bitcoin is superior and should never change"). It is quite common to see newcomers, especially those coming from other overlapping industries (such as law or economics) taking the position of Bitcoin maximalist to be seen as knowledgable or to fit, despite getting into the space after a few months to a year and with no skin in the game. Bitcoin maximalism is a scam! 1/33 Bitcoin maximalism is a scam! The current crypto bear market learned us many things, but it especially learned us that many prominent Bitcoiners have grown to become Bitcoin maximalists. I’m using that term to loosely moniker everybody that calls every other crypto coin... 2/33 ... besides Bitcoin a scam, calls Lightning Network the altcoin killer, and also those who claim that Bitcoin will be the only true crypto currency standard in the end. What’s wrong with this maximalist thinking? A lot of things. I’ll focus on the most prominent points. 3/33 (1) “Network effect!” Maximalists want you to believe that some kind of magical network theory/network effect will suck everybody and their dog into Bitcoin. They call this “Bitcoin is a closed loop” or “the Bitcoin singularity will engulf everything”, 4/33 or they will say silly things like “not protected by segregation, Bitcoin will assimilate all altcoins on Lightning Network”. Wrong people, wrong! Network theory only tries to describe and explain human and non-human interactions in a certain environment. 5/33 Network effect (as in, the positive effect described in economics that an additional user of a good or service has on the value of that product to others) and network theory by itself, do NOT imply that Bitcoin will be the only money left standing when the dust settles. 6/33 A more appropriate approach is to study how adoption works on a personal, a community and a technical level. If from these forces a strong positive effect can be created and maintained, and adoption grows, then we can start calling it (being part of) a network effect. 7/33 Now, having learned that Bitcoin maximalists have the wrong mindset about network theory/network effect, it has become easy to prove that Bitcoin will not assimilate everything, as adoption has many faces. For example, don’t underestimate the power of bartering. 8/33 (2) In finance, bartering is an often misunderstood and underestimated concept. Bitcoin maximalists, narrowminded as they are, deny the importance of bartering, and that’s typically where they go wrong in declaring altcoins Dead On Arrival. 9/33 Bartering, as in being able to use and accept multiple crypto currencies adopted by strong minority communities, is as libertarian as it gets, and has several important benefits for both customer and merchant. For example: 10/33 (2a) Sovereignty of choice. Being the most comfortable choice does not imply being the primary choice. Often times the emotional attachment to a brand, sometimes passed on from parents to children, also determine why a local community holds on to using a currency. 11/33 For the same reason, people have been multilingual for generations. For the same reason, we are not all driving a Toyota car, although Toyota cars are globally available on almost every corner of the street. 12/33 (2b) Acknowledgement of the sovereign local community. Being able to trade with a community opens up a lot of new business for a merchant. And atomic swaps will make bartering easy, it will certainly not kill it. Bitcoin maximalists have the wrong mindset on this one. 13/33 (2c) Profitability. Since barter sales generally represent add-on business for a merchant that would otherwise not be enjoyed, the gross profit from these sales generally drop straight to the bottom line. 14/33 Moreover, barter sales often represent situations where the incremental cost of sales is very low, and profit margins are correspondingly very high. Furthermore, using barter to maintain higher levels of production can increase margins on non-barter sales as well. 15/33 (2d) Asset protection. Bartering, as in being able to accept other currencies besides Bitcoin, offers a unique solution to the merchant, with respect to the problem of overstocked or stale inventory. 16/33 Selling this stale stock for altcoins, it can protect the merchants’ balance sheet from costly write offs due to deep discounting or liquidation sales. 17/33 (2e) In addition, bartering can also substantially improve a merchants cash flow. It allows to substitute trade for at least a portion of normal cash outlay, when purchasing needed goods and services. 18/33 (3) “Bitcoin is a closed loop!” Or is it? Yes, sometimes it is, but not by nature. It acts as a closed loop, and subsequently swallows an altcoin when the altcoin is everything between a scam or a copycat without too many distinctive features. 19/33 It can’t, and won’t, act as a closed loop when a community holds on to using the altcoin for a long list of reasons. Those reasons can be technically (*cough* engineering design decision matrix *cough*), culturally or socially, or otherwise determined. 20/33 (4) “Shitcoins are dying, most are down 90% or more!” This is also a popular narrative that Bitcoin maximalists currently like to throw to their audience. But it’s a bullshit reasoning, and in the back of their heads they know it. 21/33 It’s bullshit because their precious Bitcoin went from $0.17 down to $0.01 in 2010, and Bitcoin went from $32 down to $2 in 2011. That’s no less than two times almost 95% down in the early years of Bitcoin. And look who’s still around, alive and kicking. 22/33 (5) Maximalism, is extremism, is a disgusting scam. FACT. It’s violent extremism to want Bitcoin to kill all altcoins, meanwhile seeing their users getting financially wrecked. It’s religious extremism to worship Bitcoin as the only crypto currency god. 23/33 Bitcoin maximalism as expressed by more modest Bitcoin community members, is political extremism. And since extremism only benefits a personal power agenda, it’s a scam. And it should be treated, and be opposed to, as a scam. 24/33 (6) Bitcoin, in my opinion, is only the “one ring to rule them all”. Because in the end, for most people a currency is nothing but a product like a car, a table, or a smartphone. It’s a number on a screen with a ticker. 25/33 We use a currency because we have learned and experienced that saving and transacting value from A to B works most efficient with a currency. But the question which currency is primarily used on a personal level is not solely a technical debate. 26/33 It’s a human debate, a human decision process, a human choice which ticker next to that digital number is going to be adopted, and used. Humans look for comfort, but it’s not up to Bitcoin and its maximalist army to decide what is individual comfort. 27/33 As a result, new currencies, coins and tokens will keep on appearing around the clock, as the Bitcoin code is open source, mind you! Some of these currencies might try to dethrone Bitcoin, some might want to fill larger or smaller niches based on local needs and habits. 28/33 Thousands of altcoins and tokens already prove this point, mind you once more! And many of them attract a loyal dev team, a fanbase, and develop use cases. And that’s exactly why the Bitcoin devs are working on atomic swaps, submarine swaps, and side chains. 29/33 Not because these Bitcoin devs want altcoins to die, but because they know there are already crypto currencies that will not go away anytime soon. And they know there will be new crypto currency classes that are here to stay also, temporarily or permanently. 30/33 These new crypto currency classes include securities, derivatives, stablecoins, utility -, disposable - and other private tokens. Not all of these classes are necessarily ruled by Bitcoin. Some are even inherently not ruled by Bitcoin! 31/33 (7) What Bitcoin maximalists need to realize: the value denominated market is pretty large. Security tokens will most likely not be a Bitcoin only market (ref: @brucefenton quality work on this subject). 32/33 Other markets like Real Estate and Derivatives are even larger. If for any reason Bitcoin doesn’t fit there (alone), the market cap of Bitcoin might be notably lower as the ruling altcoin that does fit in these markets. 33/33 To summarize, a single coin universe is a fool’s dream. Wake up, maximalists. Stop scamming your false narrative, I beg you. And embrace a bustling financial future with Bitcoin and altcoins. One coin to rule them all Being a Bitcoin maximalist is pretty easy, all you have to do is believe, with complete unwavering conviction, that Bitcoin is the only cryptocurrency worth caring about. To the Bitcoin maximalist, all other cryptocurrencies are just “shitcoins.” While there is of course an ideological component to believing Bitcoin is the one true cryptocurrency, Bitcoin maximalists also base their beliefs on something called “Metcalfe’s law,” it’s more casually known as the network effect. The more connections the better Metcalfe’s law claims that the effectiveness of a network – such as telecommunications internet, or even social networking – is proportionally related to the square of the number of users connected to that network. The law expresses the number of unique possible connections in a network. Mathematically speaking, if ‘n’ is the number of nodes in a network, it can be written as n(n – 1)/2. Despite being primarily theoretical, research has gone some way to validating the concept with real world data. Still following? Imagine an internet with only two computers, that network can only make one valuable connection between the two computers. But a network with five nodes can make 10 unique connections, and a network with 10 nodes can make 45 connections. See where this is going? Simply put, means that the more unique individuals or devices that join a given network, the more valuable each of those devices becomes. More devices means more connections, and therefore more value to the network. With that in mind, you might start to understand why Bitcoin maximalists detest all other coins. After all, those hoards of altcoins are just serving to take valuable nodes users away from the Bitcoin network. When the security and integrity of the network increases as more people join, it makes sense that Bitcoin maximalists would want more to join. But, isn’t competition good for innovation? In some cases, it is. In others, competition doesn’t really bring anything to the table. Harvard academics found that firms which compete at a similar technological level invest more in research and development (and thus innovate to overcome the competition) than firms that don’t have direct competition. However, for smaller and less competitive firms that are lagging behind the market leaders, it actually encourages less investment in R&D and is not as nurturing of innovation. The outcome is that smaller firms tend to become more specialized and focus on their niche. When a market is highly competitive it tends to encourage diversification, thus reducing the instances where firms compete on equally level terms. In the world of cryptocurrencies, this means that we end up having a market saturated with coins that all claim to do things a little differently. Sound familiar? With that in mind, Bitcoin maximalists might have a point – to a certain degree. There are hundreds upon thousands of altcoins on the market at the moment, and most of them are probably worth ignoring. But for the overall cryptocurrency market, it’s good for Bitcoin to have viable competition from a handful of combatants to ensure that the coins keep progressing. It is a free market after all. Give the people a choice, and let them decide. So, there you have it. Next time someone starts talking with an unwavering belief about how Bitcoin is the one true cryptocurrency, they’re probably a maximalist. And if they also rattle on about how the more people use the cryptocurrency, the better and safer it becomes? Well, then you know for sure they’re a maximalist. #Bitcoin global reserve currency, majority of payments #altcoins used as securities, utility tokens, private blockchains, other local use cases, etc Atomic & submarine swaps support this bustling financial future. Prove me wrong, $BTC maximalists.
FTX:SHITPERPShort
by ferGOD
8
A Decentralized Ponzi Scheme “Smart” Ponzi schemes. The spread of smart contracts, i.e., computer programs whose correct execution is automatically enforced without relying on a trusted authority, creates new opportunities for fraudsters. Indeed, implementing Ponzi schemes as smart contracts would have several attractive features: 1. The initiator of a Ponzi scheme could stay anonymous, since creating the contract and withdrawing money from it do not require to reveal her identity; 2. Since smart contracts are “unmodifiable” and “unstoppable”, no central authority (in particular, no court of law) would be able to terminate the execution of the scheme, or revert its effects in order to refund the victims. This is particularly true for smart contracts running on permissionless blockchains, which are controlled by a peer-to-peer network of nodes. 3. Investors may gain a false sense of trustworthiness from the fact that the code of smart contracts is public and immutable, and their execution is automatically enforced. This may lead investors to believe that the owner cannot take advantage of their money, that the scheme would run forever, and that they have a fair probability of gaining the declared interests. All these features are made possible by a combination of factors, among which the growth of platforms for smart contracts , which advertise anonymity and contract persistence as main selling points, and the fact that these technologies are very recent, and still live in a grey area of legal systems . This is a list of 184 known ponzi schemes based on Ethereum blockchain . Others less recognizable . For instance, they could mix multi-level marketing, token sales, and games, to realize complex smart contracts, which would be very hard to correctly classify as Ponzi schemes or legit investments imgur.com Check out my twitter for more info about my trades : twitter.com And trade with me or counter trade me here because it's better then bitmex and have no overloads and have USD as collateral (Alameda CEO) ftx.com/#a=1289183 - FTX Or here if you want to trade $SPX $GOLD and $BTC at the same palce with btc as collateral and participate in paper trading competitions with 25k$ prizes with no special requirments or deposits : t.co
BITSTAMP:ETHUSDShort
by WagsCapital
2