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Profit Trailer : A Newbie Guide to Setting up your first Crypto Trading Bot!

Hello Everyone! Unless you’ve been living under a rock, you’ve likely heard all about BitCoin, LiteCoin, Ethereum and a whole host cryptocurrencies. As cryptomining profitability fades underneath increasing difficulties and the rising cost of mining machines, the world is dazzled by the utterly insane profit margins to be made in TRADING cryptocurrencies. This typically leads the average Joe to look into and, likely, invest some money into the cryptocurrency market. And, as time progresses (especially if profits are being made), one inevitably must make a choice to use a trading bot or not.
Now, I’m not trying to sell you one way or the other. My goal here is to take one of the newest and seemingly most profitable of the numerous trading bots out there, Profit Trailer, and break down getting the bot installed and running. There are numerous guides to Profit Trailer Installation and all of them are good. Crypto Gnome has some excellent information at https://github.com/CryptoGnome/Profit-Trailer-Settings/wiki/Setup-Guide. I’m not trying to knock him or anyone else with a guide out there. BUT………….
There are a few things that, in the course of installing this bot for a family member who has gotten on the crypto wagon in a big way, I noticed were lacking in the main set of guides. This being that not one of them had been designed with the true noob in mind. Each assumed a level of knowledge and discourse that can ( and would) leave a newbie cursing the fact they just spent .03 of a Bitcoin on something that refuses to even start.
Anyway, the point is, if you don’t have a tech savvy person handy, you could be left with, at best, the program downloaded but unable to start it or at worst, out a nice chunk of your crypto because of failing to understand EXACTLY what is needed to make the bot operate. Any suggestions on how to make this guide more complete, such as adding specific exchange instructions would be most appreciated.
Have an account at either Bittrex, Poloniex or Binance ACTIVE! I have read horror stories regarding buying this bot and installing it without having your account open and logged into. Just in case there is truth to them, better to be safe than sorry. Open your account of choice ( we used Binance so that is the exchange that this guide refers to. ) Use the account interface to create TWO(2) sets of API keys. One will be public, one will be secret in each set. You will notice that, at least on Binance, that each set of keys will have 2 permissions checked and one, withdrawals, unchecked. This is as it should be. If for some reason the withdrawals permission is checked, delete the key and start over. I would suggest that, for ease of use sake, you label each of the sets of keys. The first should be labeled (yourexchange)Default and the second should be labeled(yourexchange)Trading. This will help you recognize which keys are which later in the setup process. Copy these into a Notepad file, Word file, write them on your bedroom walls in blood, just keep BOTH SETS OF THESE API KEYS SAFE! Anyone with these keys has access to your exchange account. The first key will be initially used when you buy the Profit Trailer bot. The others will be used when you set up Profit Trailer. Ensure that you have JAVA 8 installed and running on your computer. It is extremely important that it be JAVA 8 and not 9. Profit Trailer WILL NOT WORK WITH THE JAVA 9 JRE. This problem was likely the biggest hurdle with Profit Trailer until I realized what was happening. Download and install Notepad++. Very Important. Some guides make it sound like you can do the settings changes on a regular NotePad file. This may be true, but Notepad++ is an actual IDE (software writing program for the uninitiated) that will give you the same view that all the guys in their YouTube Videos have up when they discuss their settings. Just saying guys, you’ve got people who, while they might know how to trade, might not know squat about IDE’s and their function. Buy the bot. This can be accomplished at https://profittrailer.com/pt/CryptoGnome/ At check out, you will be asked for the FIRST of the API keys you created. This will be the, first PUBLIC key you created. Pay for the bot. Wait for BitCoin to go from wallet to Profit Trailer creators. Have a beer….Smoke a cigarette….watch a movie. Seriously, you’re gonna be waiting awhile. One good idea while you spend hours waiting for the license key to be sent to you is to ensure that, if you have a newly created exchange account, you should place some cryptocurrency/money in the account…otherwise you’ve got another wait. Most guides say to next get a VPS(Virtual Private Server or Cloud Server). I was unable to get a VPS enabled at the time of this installation, so I will be posting another article regarding that process as soon as I can get it up and running on this installation. UPDATE We now have a Windows VPS running. You can visit Profit Trailer And You: A Newbie Guide To Setting Up Profit Trailer Part 2: Windows VPS here. Get Profit trailer Up and Running!!!! Here’s what you’ve been waiting for and trust me, all the other “prep stuff” will make this part a whole lot smoother. First, go to https://github.com/taniman/profit-trailereleases download the latest version of Profit Trailer. Next, unzip the files and navigate to the new folder. Open the file named application.properties with Notepad++ and then stare at it. I mean… really stare at it. Scary huh? Looks like you’re about to start coding the next Destiny game doesn’t it? Relax. this is a simple IDE that is giving you a series of settings that have to be adjusted manually instead of using a graphics user interface like the ones we’ve all grown to know and love. What you really need to know is what you are looking at. You’re going to see things like “trading.exchange” and “default_apiKey”. Each of these lines will have an equals sign on the end of them. Concentrate on what’s on the right side of the equals sign, cause that’s where your info is going to go. Remember those API keys you made? Well, here’s where they go.
Update these settings:
trading.exchange = THE EXCHANGE YOU ARE USING e.g. BITTREX (This MUST BE IN ALL CAPS. using lower case letter will give you an error code on startup)
default_apiKey = THE FIRST API KEY YOU CREATED (The key you labeled (yourexchange)Default )
default_apiSecret = THE FIRST SECRET KEY YOU CREATED
trading_apiKey = THE SECOND API KEY YOU CREATED (The key you labeled (yourexchange)Trading )
trading_apiSecret = THE SECOND SECRET KEY YOU CREATED
server.password = PASSWORD HERE (This is a password you create here. it is not tied to any other account)
Click save
You with me so far? Keep in mind that, so far the bot IS NOT RUNNING. we haven’t turned on anything yet, so don’t worry.
Most of the other guides say to start the bot up at this point and I would tend to agree, except you may want to look at the default settings in the pairs and DCA files to ensure that they are set the way you want them. DCA settings are a huge factor in Profit Trailer and I would suggest watching several videos regarding them. I do not claim to be a crypto expert and do not pretend to understand all the terms. The Profit Trailer Wiki at https://wiki.profittrailer.io/doku.php/dca.properties has in depth articles dealing with each of the settings and I suggest getting very familiar with them and understanding exactly what each does before turning the bot on.
Ok, with that being said, if you feel like your settings are just the way you want them, open up the pairs.properties file in Notepad++ and change “ALL_trading_enabled=false” to “ALL_trading_enabled=true” and save the file. Next you will want to click ‘run’ on the ProfitTrailer.cmd file. This will actually start the bot and will open an old style black Windows command line window. Ignore this as it is just the bot starting up, not where you will see what the bot is doing and open your web browser and enter http://localhost:8081/monitoring in the URL field. This will bring up a login page. Use the Password you created in the application.properties file here. This opens the web monitoring dashboard for your bot.
Again, I cannot stress enough the importance of following each step and understanding what each of the settings in Profit Trailer are and what they do. There are several important safety valves in Profit Trailer to keep the bot from chewing through your crypto like cookie monster on a 3 day bender.
One is “ALL_max_cost = x.xxxxx” in pairs.properties. This sets the amount of coin, in BitCoin, that the bot will use for trading. Just because you have have 1.5 BTC in your exchange account doesn’t mean you’ve gotta let the bot play with it all. “ALL_min_buy_balance = x.xx” in the pairs.propertiesfile will accomplish the same thing, just specifying an amount in the account that the bot will not take the account below. There are several important safety triggers in the DCA files as well, one being “min_buy_balance = x.xx” which will keep a specified minimum of BTC in your account, below which NO DCA buys will occur. This is an important distinction from the “ALL_min_buy_balance = x.xx” found in the pairs.properties files; DCA buys will STILL OCCUR even if the account is at or below the minimum specified in the pairs.properties file. Confused yet? It makes sense really, but if you’re like me, DCA really doesn’t mean anything to you. ( It’s Dollar Cost Averaging and it’s a profit mechanism used by Profit Trailer) What it really means is that, if you don’t know or understand what you are doing, it can cause big problems trading. Use your safety triggers and brush up on your trading terms cause soon you’ll be hip deep in EMAGains and Dust Bags…..whatever that means.
Any info on other exchange procedures with reagrds to setting up Profit Trailer would be greatly appreciated. I am not affiliated with or paid by any exchange, developer or site.
Credit & Thanks for this guide by: https://steemit.com/@demonsthenes
submitted by treasuregnome to CryptoCurrency [link] [comments]

The New Crypto Order & Escaping Financial Repression

The Vigilante’s View
It is our first issue in months that bitcoin hasn’t hit an all-time high! And it’s the last issue of the year. And what a year for cryptos it was.
To put it in perspective, bitcoin could fall 90% from current levels and it will still have outperformed stocks, bonds and real estate in 2017.
Bitcoin started 2017 at $960.79.
At the time of this writing it is near $13,000 for a gain of 1,250% in 2017.
And, bitcoin was actually one of the worst performing cryptocurrencies in our TDV portfolio in 2017!
Ethereum (ETH) started 2017 at $8. It has since hit over $800 for a nice 10,000% gain in 2017.
That’s pretty good, but not as good as Dash which started the year at $11.19 and recently hit $1,600 for a nearly 15,000% gain.
I hope many of you have participated in these amazing gains! If not, or you are new, don’t worry there will be plenty more opportunities in the years ahead.
It won’t all be just home runs though… in fact, some of the cryptos that have performed so well to date may go down dramatically or collapse completely in the coming years.
I’ll point out further below why Lightning Network is not the answer to Bitcoin Core’s slow speeds and high costs. And, I’ll look ahead to 2018 and how we could already be looking beyond blockchains.
Yes, things are moving so fast that blockchain just became known to your average person this year… and could be nearly extinct by next year.
That’s why it is important to stick with us here at TDV to navigate these choppy free market waters!
New Years Reflection On The Evolution Of Consensus Protocols
Sooner or later crypto will humble you by its greatness. Its vastness is accompanied by a madness that is breathtaking, because you quickly realize that there is no stopping crypto from taking over the world. The moment you think you have everything figured out, is the moment the market will surprise you.
We are for the first time living and witnessing the birth of the first worldwide free market. Throughout this rampage of innovation, we all are implicitly aiming for the best means of harnessing consensus. As we leave this bountiful 2017 and aim at 2018, it is important for us to meditate and appreciate the progress we have made in transforming the world through the decentralization of consensus. It is also important to reflect on the changes in consensus building we have partaken in and those yet to come.
Consensus is the agreement that states “this is what has occurred, and this is what hasn’t happened.”
Throughout the vastness of history, we humans have only really had access to centralized means for consensus building. In the centralized world, consensus has been determined by banks, states, and all kinds of central planners. As our readers know, any centralized party can misuse their power, and their consensus ruling can become unfair. In spite of this, many individuals still praise the effectiveness of consensus building of centralized systems.
People from antiquity have had no other option but to trust these central planners. These systems of control have created still-water markets where only a few are allowed to compete. This lack of competition resulted in what we now can objectively view as slow innovation. For many, centralized consensus building is preferred under the pretense of security and comfort. Unfortunately, these same individuals are in for a whole lot of discomfort now that the world is innovating on top of the first decentralized consensus building technology, the blockchain.
Everything that has occurred since the inception of bitcoin has shocked central planners because for the first time in history they are lost; they no longer hold power. We now vote with our money. We choose what we find best as different technologies compete for our money.
What we are witnessing when we see the volatility in crypto is nothing more than natural human motion through price. The innovation and volatility of the crypto market may seem unorthodox to some, because it is. For the first time in history we are in a true free market. The true free market connects you to everybody and for this reason alone the market shouldn’t surprise us for feeling “crazy.” Volatility is a sign of your connection to a market that is alive. Radical innovation is a sign of a market that is in its infancy still discovering itself.
In juxtaposing centralized consensus building with decentralized consensus building, I cannot keep myself from remembering some wise biblical words; “ And no one pours new wine into old wineskins. Otherwise, the new wine will burst the skins; the wine will run out and the wineskins will be ruined.” – Luke 5:37
The centralized legacy financial system is akin to old wineskins bursting to shreds by the new wine of crypto. Decentralized consensus building has no need for central planners. For example, think about how ludicrous it would be for someone to ask government for regulation after not liking something about crypto. Sorry, there is no central planner to protect you; even the mathematical protocols built for us to trust are now competing against one another for our money.
These new mathematical protocols will keep competing against one another as they provide us with new options in decentralizing consensus. As we look unto 2018, it is important that we as investors begin to critically engage and analyze “blockchain-free cryptocurrencies.”
HASHGRAPHS, TANGLES AND DAGS
Blockchain-free cryptocurrencies are technologies composed of distributed databases that use different tools to achieve the same objectives as blockchains.
The top contenders in the realm of blockchain-free cryptos are DAGs (Directed Acyclic Graphs) such as Swirlds’ Hashgraph, ByteBall’s DAG, and IOTA’s Tangle. These blockchain-free cryptos are also categorized as belonging to the 3 rd generation of cryptocurrencies. These technologies promise to be faster, cheaper, and more efficient than blockchain cryptocurrencies.
Blockchains were the first means of creating decentralized consensus throughout the world. In the blockchain, the majority of 51% determine the consensus. The limits of blockchains stem from their inherent nature, whereupon every single node/participant needs to know all of the information that has occurred throughout the whole blockchain economy of a given coin.
This opens up blockchains to issues akin to the ones we have been exposed to in regards to Bitcoin’s scaling. It is important to make a clear distinction in the language used between blockchains and blockchain-freecryptocurrencies. When we speak about blockchains it is more proper to speak about its transactionconsensus as “decentralized”, whereas with blockchain-free cryptocurrencies it is best if we refer to transaction consensus as “distributed.”
Swirlds’ Hashgraph incorporates a radical and different approach to distributing consensus. Swirlds claims that their new approach will solve scaling and security issues found on blockchains. They use a protocol called “Gossip about Gossip.” Gossip refers to how computers communicate with one another in sending information.
In comparison to the Blockchain, imagine that instead of all of the nodes receiving all of the transactions categorized in the past ten minutes, that only a few nodes shared their transaction history with other nodes near them. The Hashgraph team explains this as “calling any random node and telling that node everything you know that it does not know.” That is, in Hashgraph we would be gossiping about the information we are gossiping; i.e., sending to others throughout the network for consensus.
Using this gossiped information builds the Hashgraph. Consensus is created by means of depending on the gossips/rumors that come to you and you pass along to other nodes. Hashgraph also has periodic rounds which review the circulating gossips/rumors.
Hashgraph is capable of 250,000+ Transactions Per Second (TPS), compared to Bitcoin currently only allowing for 7 TPS. It is also 50,000 times faster than Bitcoin. There is no mention of a coin on their white paper. At this moment there is no Hashgraph ICO, beware of scams claiming that there is. There is however a growing interest in the project along with a surge of app development.
IOTAs DAG is known as the Tangle. Contrary to Hashgraph, IOTA does have its own coin known as MIOTA, currently trading around the $3 mark. There are only 2,779,530,283 MIOTA in existence. The Tangle was also created to help alleviate the pains experienced with Blockchain scaling. IOTAs Tangle creates consensus on a regional level; basically neighbors looking at what other neighbors are doing.
As the tangle of neighbors grows with more participants the security of the system increases, along with the speed of confirmation times. IOTA has currently been criticized for its still lengthy confirmation times and its current levels of centralization via their Coordinators. This centralization is due to the fact that at this moment in time the main team works as watchtower to oversee how Tangle network grows so that it does not suffer from attacks.
Consensus is reached within IOTA by means of having each node confirm two transactions before that same node is able to send a given transaction. This leads to the mantra of “the more people use IOTA, the more transactions get referenced and confirmed.” This creates an environment where transactional scaling has no limits. IOTA has no transaction fees and upon reaching high adoption the transactions ought to be very fast.
Another promising aspect about IOTA is that it has an integrated quantum-resistant algorithm, the Winternitz One-Time Signature Scheme, that would protect IOTA against an attack of future quantum computers. This without a doubt provides IOTA with much better protection against an adversary with a quantum computer when compared to Bitcoin.
ByteBall is IOTA’s most direct competitor. They both possess the same transaction speed of 100+ TPS, they both have their own respective cryptocurrencies, and they both have transparent transactions. ByteBall’s token is the ByteBall Bytes (GBYTE), with a supply of 1,000,000; currently trading at around $700. ByteBall aims to service the market with tamper proof storage for all types of data. ByteBall’s DAG also provides an escrow like system called “conditional payments;” which allows for conditional clauses before settling transactions.
Like IOTA, ByteBall is also designed to scale its transaction size to meet the needs of a global demand. ByteBall provides access to integrated bots for transactions which includes the capacity for prediction markets, P2P betting, P2P payments in chat, and P2P insurance. ByteBall’s initial coin distribution is still being awarded to BTC and Bytes holders according to the proportional amounts of BTC or Bytes that are held per wallet. IOTA, ByteBall and Hashgraph are technologies that provide us with more than enough reasons to be hopeful for 2018. In terms of the crypto market, you don’t learn it once. You have to relearn it every day because its development is so infant. If you are new to crypto and feel lost at all know that you are not alone. These technologies are constantly evolving with new competitive options in the market.
As the technologies grow the ease for adoption is set to grow alongside innovation. We are all new to this world and we are all as much in shock of its ingenuity as the next newbie. Crypto is mesmerizing not just for its volatility which is a clear indication of how connected we are now to one another, but also because of the social revolution that it represents. We are experiencing the multidirectional growth of humanity via the free market.
Meanwhile Bitcoin Is Turning Into Shitcoin
It is with a great degree of sadness that I see bitcoin is on the cusp of destroying itself. Bitcoin Core, anyway. Bitcoin Cash may be the winner from all of this once all is said and done.
Whether by design or by accident, bitcoin has become slow and expensive.
Many people point out that IF the market were to upgrade to Segwit that all would be fine. I’ll explain further below why many market participants have no incentive to upgrade to Segwit… meaning that the implementation of Segwit has been a massively risky guess that so far has not worked.
Others say that the Lightning Network (LN) will save bitcoin. I’ll point out below why that will not happen.
Lightning Networks And The Future Of Bitcoin Core
If you’ve been following bitcoin for any length of time, you’re probably aware of the significant dispute over how to scale the network. The basic problem is that although bitcoin could be used at one time to buy, say, a cup of coffee, the number of transactions being recorded on the network bid up the price per transaction so much that actually sending BTC cost more than the cup of coffee itself. Indeed, analysis showed that there were many Bitcoin addresses that had such small BTC holdings that the address itself couldn’t be used to transfer it to a different address. These are referred to as “unspendable addresses.”
In the ensuing debate, the “big blockers” wanted to increase the size of each block in the chain in order to allow for greater transaction capacity. The “small blockers” wanted to reduce the size of each transaction using a technique called Segregated Witness (SegWit) and keep the blocks in the chain limited to 1MB.
SegWit reduces the amount of data in each transaction by around 40-50%, resulting in an increased capacity from 7 transactions per second to perhaps 15.
The software engineers who currently control the Bitcoin Core code repository have stated that what Bitcoin needs is “off-chain transactions.” To do this, they have created something called Lightning Networks (LN), based on an software invention called the “two-way peg.” Put simply, the two-way peg involves creating an escrow address in Bitcoin where each party puts some bitcoin into the account, and then outside the blockchain, they exchange hypothetical Bitcoin transactions that either of them can publish on Bitcoin’s blockchain in order to pull their current agreed-upon balance out of the escrow address.
Most layman explanations of how this works describe the protocol as each party putting in an equal amount of Bitcoin into the escrow. If you and I want to start transacting off-chain, so we can have a fast, cheap payment system, we each put some Bitcoin in a multi-party address. I put in 1 BTC and you put in 1 BTC, and then we can exchange what are essentially cryptographic contracts that either of us can reveal on the bitcoin blockchain in order to exit our agreement and get our bitcoin funds.
Fortunately, it turns out that the video’s examples don’t tell the whole story. It’s possible for the escrow account to be asymmetric. See:. That is, one party can put in 1 BTC, while the other party puts in, say, 0.0001 BTC. (Core developer and forthcoming Anarchapulco speaker Jimmy Song tells us that there are game theoretic reasons why you don’t want the counterparty to have ZERO stake.)
Great! It makes sense for Starbucks to participate with their customers in Lightning Networks because when their customers open an LN channel (basically a gift card) with them for $100, they only have to put in $1 worth of Bitcoin. Each time the customer transacts on the Lightning Network, Starbucks gets an updated hypothetical transaction that they can use to cash out that gift card and collect their bitcoin.
The elephant in the room is: transaction fees. In order to establish the escrow address and thereby open the LN channel, each party has to send some amount of bitcoin to the address. And in order to cash out and get the bitcoin settlement, one party also has to initiate a transaction on the bitcoin blockchain. And to even add funds to the channel, one party has to pay a transaction fee.
Right now fees on the bitcoin blockchain vary widely and are extremely volatile. For a 1-hour confirmation transaction, the recommended fee from one wallet might be $12 US, while on another it’s $21 US. For a priority transaction of 10-20 minutes, it can range from $22-30 US. Transactions fees are based on the number of bytes in the transaction, so if both parties support SegWit (remember that?) then the fee comes down by 40-50%. So it’s between $6 and $10 US for a one hour transaction and between $11-15 for a 15 minute transaction. (SegWit transactions are prioritized by the network to some degree, so actual times may be faster)
But no matter what, both the customer and the merchant have to spend $6 each to establish that they will have a relationship and either of them has to spend $6 in order to settle out and get their bitcoin. Further, if the customer wants to “top off” their virtual gift card, that transaction costs another $6. And because it adds an address to the merchant’s eventual settlement, their cost to get their Bitcoin goes up every time that happens, so now it might cost them $9 to get their bitcoin.
Since these LN channels are essentially digital gift cards, I looked up what the cost is to retailers to sell acustomer a gift card. The merchant processor Square offers such gift cards on their retailer site. Their best price is $0.90 per card.
So the best case is that Lightning Networks are 600% more expensive than physical gift cards to distribute, since the merchant has to put a transaction into the escrow address. Further, the customer is effectively buying the gift card for an additional $6, instead of just putting up the dollar amount that goes on the card.
But it gets worse. If you get a gift card from Square, they process the payments on the card and periodically deposit cash into your bank account for a percentage fee. If you use the Lightning Network, you can only access your Bitcoin by cancelling the agreement with the customer. In other words, you have to invalidate their current gift card and force them to spend $6 on a new one! And it costs you $6 to collect your funds and another $6 to sell the new gift card!
I’m sure many of you have worked in retail. And you can understand how this would be financially infeasible. The cost of acquiring a new customer, and the amount of value that customer would have to stake just to do business with that one merchant, would be enormous to make any financial sense.
From time immemorial, when transaction costs rise, we see the creation of middlemen.
Merchants who can’t afford to establish direct channels with their customers will have to turn to middlemen, who will open LN channels for them. Instead of directly backing and cashing out their digital gift cards, they will establish relationships with entities that consolidate transactions, much like Square or Visa would do today.
Starbucks corporate or individual locations might spend a few USD on opening a payment channel with the middleman, and then once a month spend 6 USD to cash out their revenues in order to cover accounts payable.
In the meantime, the middleman also has to offer the ability to open LN channels for consumers. This still happens at a fixed initial cost, much like the annual fee for a credit card in the US. They would continue to require minimum balances, and would offer access to a network of merchants, exactly like Visa and MasterCard today.
This process requires a tremendous amount of capital because although the middleman does not have to stake Bitcoin in the consumer’s escrow account, he does have to stake it in the merchant’s account. In other words, if the Lightning Network middleman wants to do business with Starbucks to the tune of $100,000/month, he needs $100,000 of bitcoin to lock into an escrow address. And that has to happen for every merchant.
Because every month (or so) the merchants have to cash out of their bitcoin to fiat in order to pay for their cost of goods and make payroll. Even if their vendors and employees are paid in bitcoin and they have LN channels open with them, someone somewhere will want to convert to fiat, and trigger a closing channel creating a cascading settlement effect that eventually arrives at the middleman. Oh, and it triggers lots of bitcoin transactions that cost lots of fees.
Did I mention that each step in the channel is expecting a percentage of the value of the channel when it’s settled? This will come up again later.
Again, if you’ve worked in the retail business, you should be able to see how infeasible this would be. You have to buy inventory and you have to sell it to customers and every part that makes the transaction more expensive is eating away at your margins.
Further, if you’re the middleman and Starbucks closes out a channel with a $100,000 stake where they take $95,000 of the bitcoin, how do you re-open the channel? You need another $95,000 in capital. You have revenue, of course, from the consumer side of your business. Maybe you have 950 consumers that just finished off their $100 digital gift cards. So now you can cash them out to bitcoin for just $5700 in transaction fees, and lose 5.7% on the deal.
In order to make money in that kind of scenario, you have to charge LN transaction fees. And because your loss is 5.7%, you need to charge in the range of 9% to settle Lightning Network transactions. Also, you just closed out 950 customers who now have to spend $5700 to become your customer again while you have to spend $5700 to re-acquire them as customers. So maybe you need to charge more like 12%.
If you approached Starbucks and said “you can accept Bitcoin for your customers and we just need 12% of the transaction,” what are the odds that they would say yes? Even Visa only has the balls to suggest 3%, and they have thousands and thousands of times as many consumers as bitcoin.
The entire mission of bitcoin was to be faster, cheaper and better than banks, while eliminating centralized control of the currency. If the currency part of Bitcoin is driven by “off-chain transactions” while bitcoin itself remains expensive and slow, then these off-chain transactions will become the territory of centralized parties who have access to enormous amounts of capital and can charge customers exorbitant rates. We know them today as banks.
Even for banks, we have to consider what it means to tie up $100,000/month for a merchant account. That only makes sense if the exchange rate of bitcoin grows faster than the cost of retaining Bitcoin inventory. It costs nothing to store Bitcoin, but it costs a lot to acquire it. At the very least the $6 per transaction to buy it, plus the shift in its value against fiat that’s based on interest rates. As a result, it only makes sense to become a Lightning Network middleman if your store of value (bitcoin) appreciates at greater than the cost of acquiring it (interest rate of fiat.) And while interest rates are very low, that’s not a high bar to set. But to beat it, Bitcoin’s exchange rate to fiat has to outpace the best rate available to the middleman by a factor exceeding the opportunity cost of other uses of that capital.
Whatever that rate is, for bitcoin, the only reason the exchange rate changes is new entry of capital into the “price” of bitcoin. For that to work, bitcoin’s “price” must continue to rise faster than the cost of capital for holding it. So far this has happened, but it’s a market gamble for it to continue.
Since it happens because of new capital entering into the bitcoin network and thus increasing the market cap, this results in Bitcoin Core becoming the very thing that its detractors accuse it of: a Ponzi scheme. The cost of transacting in Bitcoin becomes derived from the cost of holding bitcoin and becomes derived from the cost of entering bitcoin.
Every middleman has to place a bet on the direction of bitcoin in a given period. And in theory, if they think the trend is against Bitcoin, then they’ll cash out and shut down all the payment channels that they transact. If they bought bitcoin at $15,000, and they see it dropping to $13,000 — they’ll probably cash out their merchant channels and limit their risk of a further drop. The consumer side doesn’t matter so much because their exposure is only 1%, but the merchant side is where they had to stake everything.
If you’re wondering why this information is not widely known, it’s because most bitcoin proponents don’t transact in bitcoin on a regular basis. They may be HODLing, but they aren’t doing business in bitcoin.
Through Anarchapulco, TDV does frequent and substantial business in bitcoin, and we’ve paid fees over $150 in order to consolidate ticket sale transactions into single addresses that can be redeemed for fiat to purchase stage equipment for the conference.
For Bitcoin to be successful at a merchant level via Lightning Networks, we will have to see blockchain transactions become dramatically cheaper. If they return to the sub-$1 range, we might have a chance with centralized middlemen, but only with a massive stabilization of volatility. If they return to $0.10, we might have a chance with direct channels.
Otherwise, Lightning Networks can’t save bitcoin as a means of everyday transaction. And since that takes away its utility, it might very well take away the basis of its value and bitcoin could find itself truly being a tulip bubble.
One final note: there are a some parties for whom all these transactions are dramatically cheaper. That is the cryptocurrency exchanges. Because they are the entry and exit points for bitcoin-to-fiat, they can eliminate a layer of transaction costs and thus offer much more competitive rates — as long as you keep your bitcoin in their vaults instead of securing it yourselves.
Sending it out of their control lessens their competitive advantage against other means of storage. It comes as no surprise, then, that they are the least advanced in implementing the SegWit technology that would improve transaction costs and speed. If you buy bitcoin on Poloniex, it works better for them if it’s expensive for you to move that coin to your Trezor.
In fact, an exchange offering Lightning Network channels to merchants could potentially do the following…
1) Stake bitcoins in channels with merchants. These coins may or may not be funds that are held by their customers. There is no way to know.
2) Offer customers “debit card” accounts for those merchants that are backed by the Lightning network
3) Establish middle addresses for the customer accounts and the merchant addresses on the Lightning Network.
4) Choose to ignore double-spends between the customer accounts and the merchant addresses, because they don’t actually have to stake the customer side. They can just pretend to since they control the customer’s keys.
5) Inflate their bitcoin holdings up to the stake from the merchants, since the customers will almost never cash out in practice.
In other words, Lightning Networks allow exchanges a clear path to repeating Mtgox; lie to the consumer about their balance while keeping things clean with the merchant. In other words, establish a fractional reserve approach to bitcoin.
So, to summarize, Bitcoin Core decided increasing the blocksize from 1mb to 2-8mb was “too risky” and decided to create Segwit instead which the market has not adopted. When asked when bitcoin will be faster and less expensive to transfer most Bitcoin Core adherents say the Lightning Network will fix the problems.
But, as I’ve just shown, the LN makes no sense for merchants to use and will likely result in banks taking over LN nodes and making BTC similar to Visa and Mastercard but more expensive. And, will likely result in exchanges becoming like banks of today and having fractional reserve systems which makes bitcoin not much better than the banking system of today.
Or, people can switch to Bitcoin Cash, which just increased the blocksize and has much faster transaction times at a fraction of the cost.
I’ve begun to sell some of my bitcoin holdings because of what is going on. I’ve increased my Bitcoin Cash holdings and also increased my holdings of Dash, Monero, Litecoin and our latest recommendation, Zcash.
Other News & Crypto Tidbits
When bitcoin surpassed $17,600 in December it surpassed the total value of the IMF’s Special Drawing Rights (SDR) currency.
Meanwhile, Alexei Kireyev of the IMF put out his working paper, “ The Macroeconomics of De-Cashing ,” where he advises abolishing cash without having the public aware of the process.
Countries such as Russia are considering creating a cryptocurrency backed by oil to get around the US dollar and the US dollar banking system. Venezuela is as well although we highly doubt it will be structured properly or function well given the communist government’s track record of destroying two fiat currencies in the last decade.
To say that the US dollar is being attacked on every level is not an understatement. Cryptocurrencies threaten the entire monetary and financial system while oil producing countries look to move away from the US dollar to their own oil backed cryptocurrency.
And all this as bitcoin surpassed the value of the IMF’s SDR in December and in 2017 the US dollar had its largest drop versus other currencies since 2003.
And cryptocurrency exchanges have begun to surpass even the NASDAQ and NYSE in terms of revenue. Bittrex, as one example, had $3 billion in volume on just one day in December. At a 0.5% fee per trade that equaled $15m in revenue in just one day. If that were to continue for 365 days it would mean $5.4 billion in annual revenue which is more than the NASDAQ or NYSE made this year.
Conclusion
I never would have guessed how high the cryptocurrencies went this year. My price target for bitcoin in 2017 was $3,500! That was made in late 2016 when bitcoin was near $700 and many people said I was crazy.
Things are speeding up much faster than even I could have imagined. And it is much more than just making money. These technologies, like cryptocurrencies, blockchains and beyond connect us in a more profound way than Facebook would ever be able to. We are now beginning to be connected in ways we never even thought of; and to some degree still do not understand. These connections within this completely free market are deep and meaningful.
This is sincerely beautiful because we are constantly presented with an ever growing buffet of competing protocols selling us their best efforts in providing harmony within the world. What all of these decentralized and distributed consensus building technologies have in common is that they connect us to the world and to each other. Where we are going we don’t need foolish and trite Facebook’s emojis.
As we close a successful 2017 we look with optimism towards a much more prosperous 2018. The Powers That Shouldn’t Be (TPTSB) can’t stop us. As we move forward note how much crypto will teach you about ourselves and the world. In a radical free market making our own bets will continue to be a process of self discovery. Crypto will show us the contours of our fears, the contours of our greed, and will constantly challenge us to do our best with the knowledge we have.
Remember, randomness and innovation are proper to the happenstance nature of a true digital free market.
Happy New Year fellow freedom lovers!
And, as always, thank you for subscribing!
Jeff Berwick
submitted by 2012ronpaul2012 to conspiracy [link] [comments]

Weekly Wrap 07/06

Market News
This week saw the second major correction in the crypto markets since Bitcoin’s May rally, with traders experiencing harsh volatility amongst choppy price action and market indecision.
Bitcoin found support near $7700 after falling precipitously from it’s $9100 local peak, and ends the week settling near $8000. Most of the top 10 followed a similar pattern, ending slightly down from last week’s highs with the exception of Litecoin, which has gone through a minor rally ending 6% up for the week at $113.
Industry News
Other News, Company Developments
One of our companies, Pocketjam has been part of the first batch of startups in the CV labs incubation program in Zug, Switzerland. The program accepted 12 startups out of 500 applications to be part of a 10-week incubation program and provides seed funding (up to $125k) and access to a network of experts and mentors to build the next generation of blockchain startups.
PocketJam will be presenting the product that they have been developing (an app that incentivizes kids to solve math problems for their pocket money) at an investor pitch session on the evening of the 24th of July at the CV labs offices.
We would like to invite any interested members of the Invictus community to attend the event. The event coincides with the Crypto Valley Blockchain Conference taking place on the 24th-26th of June. If you will be in the area and would like to attend, please contact [email protected] who can assist you with tickets.
To learn a bit more about PocketJam and what they are building, you can check out their blog or watch their promotional video.
A reminder to also make sure you sign up to the latest Invictus Education offering - a course on QTUM. Sign up here and receive $15 worth of QTUM to test for yourself!
submitted by Camaa to InvictusCapital [link] [comments]

Decentralized exchange DEEX-registration

Decentralized exchange DEEX-registration
Hello guys! Decentralized exchanges are becoming more and more popular, and no wonder: users are tired of being deceived by managed exchanges when creators "dissolve in the air" along with their users ' money.
Decentralized exchanges, such as DEEX EXCHANGE - it is the most secure, convenient, reliable! https://www.deex.exchange/

https://preview.redd.it/a587ib6jopz11.jpg?width=1263&format=pjpg&auto=webp&s=5a1fd85121bba904f2a62843487115cbba2c8deb
The exchange is available in 3 languages: Russian, English and Turkish. Next to the button for language selection there are two more buttons: login and registration. Since we do not have an account on this exchange, feel free to click "Register"
We offer 3 options for registration:
  1. The Model Of "The Cloud"
  2. Model "Wallet"
  3. Model " 2FA"
Believe me, the best option Model "2FA". The system generates a 6-digit code that changes every 30 seconds. This works even when the Internet is off on your phone. This wonderful app is available for Android and Mac OS phones.
Centralized Exchanges provide high margin and volatility of cryptocurrencies and tokens courses. They are easy to use, have easy access and provide advanced trading functions, such as margin trading, stop-loss, lending and others. As examples of centralized crypto exchanges we can name the well-known sites, such as Poloniex, Kraken, Bittrex, BitFinex, BitStamp, BTC-E. Decentralized Exchanges is a fairly new phenomenon in the cryptocurrency world, most fully revealing the ideology of decentralized blockchain where all participants have an equal rights and opportunity to take part in the management of the Exchange's activities and to perform any operations of cryptocurrencies exchanging among themselves, holding money in a personal wallet but not in a third party’s wallets (as it realized in centralized Exchanges). Their very important advantage is the highest degree of data confidentiality. Decentralized exchanges are BitShares, OpenLedger, RuDEX.
Official links:
Website
Telegram
Reddit
Youtube
____________________
The article is written by artur2403
submitted by artkld39 to u/artkld39 [link] [comments]

How is margin trading pretty safe if the margin trading side of things can buy more value than they're borrowing?

This is my first go at understanding margin trading vs lending. I'm trying to understand all the risks associated with it. I understand if the exchange goes down things can be jacked up, but for the purpose of this discussion lets ignore that scenario. I've searched on YouTube and found some videos, but haven't found anything yet that cleared it up for me. I see a LOT of people say that how Poloniex does it (with the collateral liquidation) makes it almost risk-free unless there's something massive that happens with the price in a very short period.
Poloniex's web site gives the following example:
Current Margin: The percentage of your Total Borrowed Value that your Net Value currently is (in other words, Net Value over Total Borrowed Value). Current Margin is a critical value, because if it dips below your Maintenance Margin, your account will undergo a forced liquidation. For example, suppose you have 1.5 BTC in your margin account, and your Maintenance Margin is 20%. Borrowing 3 BTC, you open a long position in the XMR market. Now, in order to avoid a forced liquidation, the Net Value of your margin account must remain above 20% of the 3 BTC you just borrowed, or 0.6 BTC. If the price of XMR starts declining, the amount of BTC you can get by selling the XMR you just purchased diminishes, and you start to incur a loss. This is reflected in your P/L and Net Value. If the amount of this loss, together with the lending fees you owe, reaches 0.9 BTC, the net value of your margin account will be 0.6 BTC (1.5 BTC minus 0.9 BTC in unrealized losses) and a forced liquidation will trigger.
Is this saying that the borrower must maintain a value of at least 3.6 BTC in their margin account? If so, it makes sense why this seems risk-free aside from an issue with the exchange going offline or very steep fluctuation in price...
submitted by Webnet668 to CryptoMarkets [link] [comments]

DEEX Exchange - This is my choise!

DEEX Exchange - This is my choise!
Decentralized exchange.
It does not have a single decision-making center on all issues, provides all participants with equal conditions and a platform where they can make trading operations directly to each other.
Centralized exchanges provide high margins and the volatility of crypto-currencies and tokens. They are easy to use,have easy access and provide advanced trading features such as margin trading, stop loss, lending and others. As examples centralized cryptocurrency exchanges can lead to well-known platforms such as Poloniex, Kraken, Bittrex, BitFinex, BitStamp, BTC-e.
Decentralized exchanges are a fairly new phenomenon in the crypto-currency world, which most fully disclose the ideology of decentralized blockchain, where all participants have equal rights and the opportunity to participate in the management of the exchange's activities and perform any cryptocurrency exchange operations between themselves, saving funds in a personal wallet, and not in a third-party wallet (the practice of centralized exchanges). A very important advantage is the highest degree of data confidentiality.
Decentralized exchanges are BitShares, OpenLedger, RuDE

https://preview.redd.it/tp2ygbeilo021.png?width=650&format=png&auto=webp&s=5b3783902171ca90baea420b776d222720b73c14
Functionality and benefits the exchange DEEX
  • Two-factor authentication of your account.
  • Individual P2P messenger with the possibilities of secure messages.
  • Own development of the ICO platform. The experts of the DEEX team together with the DES service will choose only the most promising ICO projects.
  • DEEX cryptocurrency Fund. FUND, i.e. decentralized and completely transparent crypto Fund based on smart contracts
  • Cryptocurrency debit cards with the ability to pay for goods and services in different outlets.
  • DEEX system's own crypto-machines are an individual network with a link to the platform and the ability to easily buy crypto-currency for ordinary Fiat money.
  • Ability to recover your accounts in case of loss of password.
  • Very high liquidity, which is provided by a large number of trading pairs for transactions.
  • Operational and constant technical support.
  • Easy Deposit and withdrawal of Fiat funds.
  • Development of own hardware crypto-wallet for reliable storage of digital coins.
  • Availability of a mobile application for trading from mobile devices.
  • The progressive establishment of a trading robot for automatic trading.
  • A convenient API, i.e. a mechanism for integrating third-party applications with the DEEX system.
Conclusion
Deex exchange has the task of making its stock exchanges that will become competitors of all centralized exchanges. Deex has a very strong team that develops projects, the tokens are already listed on other exchanges. I think the tokens will rise in price, it's just waiting for the finished product, I am confident in the success of Deex and I would recommend to have a token Deex in its investment portfolio.
Official links:
Website
Telegram
Reddit
Youtube
____________________
The article is written by artur2403
submitted by artkld39 to u/artkld39 [link] [comments]

Deex Exchange - Trading platform of a new generation

Deex Exchange - Trading platform of a new generation
About Deex
The main goal is to make the Exchange’s functional comfortable for solving trader’s current tasks at the first stage and at subsequent stages to implement the following functional:
  • A platform for safe ICO conduct in conjunction with the decentralized escrow toolkit from descrow.org. DEEX will be used as a platform for prospective project’s ICO, our specialists will carry out full project analysis, help them to receive funding from a permanent pool of private investors and further conduct pre-sale and large-scale ICO. DEEX tokens investors will receive a share of revenues from all ICOs;
  • A platform for creating a decentralized transparent blockchain system for cryptofund managed by DEEX professional traders and issuing an appropriate stock token with automatic placement on both all DEX-Exchanges and leading centralized cryptocurrency Exchanges;
  • Cryptocurrency debit cards linked to users' wallets on DEEX and integration into fiat gateways, allowing to convert cryptocurrency into fiat when paid by card in outlets;
  • API for the integration of third-party applications and services with the DEEX platform;
  • Creation of the own agent network of crypto ATMs for the purchase and sale of cryptocurrency for fiat money with the ability to work with bank cards.
https://preview.redd.it/t67o37biyxx11.jpg?width=893&format=pjpg&auto=webp&s=462bd19062d55d7bb2ba67d95cb30bf9d932c84b
Deex provides individuals a reliable and convenient platform to quickly trade, buy or sell cryptocurrencies with help of the most popular payment methods for the fiat currencies available in the country of his/her residence. Initially more than 10 cryptocurrencies will be available for the exchange including Bitcoin and Ethereum and many other altcoins.
Cryptocurrency exchanges description.
At the present moment there are two types of exchange platforms – centralized and decentralized.
The main differences between them are the following:
Centralized Exchange. All the main decisions are made by one governing body (center) and all participants depend on these decisions and almost never can affect them. Participants must keep their funds in the Exchange’s wallets.
Decentralized Exchange. It does not have a single decision-making center by all issues. It provides all participants with equal conditions and provide a platform where they can trade directly with each other. Centralized Exchanges provide high margin and volatility of cryptocurrencies and tokens courses. They are easy to use, have easy access and provide advanced trading functions, such as margin trading, stop-loss, lending and others. As examples of centralized crypto exchanges we can name the well-known sites, such as Poloniex, Kraken, Bittrex, BitFinex, BitStamp, BTC-E.
Decentralized Exchanges is a fairly new phenomenon in the cryptocurrency world, most fully revealing the ideology of decentralized blockchain where all participants have an equal rights and opportunity to take part in the management of the Exchange's activities and to perform any operations of cryptocurrencies exchanging among themselves, holding money in a personal wallet but not in a third party’s wallets (as it realized in centralized Exchanges). Their very important advantage is the highest degree of data confidentiality. Decentralized exchanges are BitShares, OpenLedger, RuDEX.
Official links:
Website
Telegram
Reddit
Youtube
____________________
The article is written by artur2403
submitted by artkld39 to u/artkld39 [link] [comments]

Weekly Wrap 07/06

Market News
This week saw the second major correction in the crypto markets since Bitcoin’s May rally, with traders experiencing harsh volatility amongst choppy price action and market indecision.
Bitcoin found support near $7700 after falling precipitously from it’s $9100 local peak, and ends the week settling near $8000. Most of the top 10 followed a similar pattern, ending slightly down from last week’s highs with the exception of Litecoin, which has gone through a minor rally ending 6% up for the week at $113.
Industry News
Other News, Company Developments
One of our companies, Pocketjam has been part of the first batch of startups in the CV labs incubation program in Zug, Switzerland. The program accepted 12 startups out of 500 applications to be part of a 10-week incubation program and provides seed funding (up to $125k) and access to a network of experts and mentors to build the next generation of blockchain startups.
PocketJam will be presenting the product that they have been developing (an app that incentivizes kids to solve math problems for their pocket money) at an investor pitch session on the evening of the 24th of July at the CV labs offices.
We would like to invite any interested members of the Invictus community to attend the event. The event coincides with the Crypto Valley Blockchain Conference taking place on the 24th-26th of June. If you will be in the area and would like to attend, please contact [email protected] who can assist you with tickets.
To learn a bit more about PocketJam and what they are building, you can check out their blog or watch their promotional video.
A reminder to also make sure you sign up to the latest Invictus Education offering - a course on QTUM. Sign up here and receive $15 worth of QTUM to test for yourself!
submitted by Camaa to cryptotwenty [link] [comments]

Working on my first bitcoin business: Show and tell and request for feedback!

Hey All,
For the past few months I've been building a web service that automates the process of margin lending on Poloniex. I started out using Mikadily’s open source lending bot, but decided to build poloniexlendingbot.com because I thought there might be demand from less technical users for a web-based solution. I also wanted to prototype building a bitcoin-based business, and this seemed like an appropriate scope.
After about one month, the lending bot has generated over 80 000 loans on Poloniex (most of them very, very small) and is still going strong.
The service is engineered to be usable with ‘trading’ and ‘withdrawal’ API access disabled on Poloniex (it can’t withdraw your funds or use your account to pump an altcoin), and any fees for using the service are remitted to a secondary account balance (insert some millibits to activate your bot). I’m really excited by the idea of building financial services via API - services that have the minimum required access for the job they’re performing.
I’d appreciate if you took a few seconds or minutes to check out the service, and value any feedback on the work so far. It’s very much a work in progress, and I’m open to suggestions from users and the community as a whole.
You can visit the homepage, watch the getting started tutorial, or AMA below.
All the best!
Ben
submitted by imaginative_investor to btc [link] [comments]

Subreddit Stats: dashpay top posts from 2016-03-30 to 2017-03-29 23:35 PDT

Period: 364.11 days
Submissions Comments
Total 1000 8178
Rate (per day) 2.75 22.40
Unique Redditors 282 978
Combined Score 18856 18752

Top Submitters' Top Submissions

  1. 2923 points, 178 submissions: tungfa
    1. Dash Version 12.1 Release (48 points, 15 comments)
    2. Dash iOS Wallet back on iTunes ! (40 points, 18 comments)
    3. The biggest Russian off-line crypto-exchange has started working with DASH (38 points, 0 comments)
    4. Dash added to cryptocurrency derivative trading platform BitMEX (33 points, 19 comments)
    5. - - Dash 0.12.1.4 - - (Minor Update - No Sentinal Changes - Not mandatory but "encouraged to update”) (32 points, 5 comments)
    6. 100 hrs after Dash 12.1 Launch = 98% - 100% Miner Support ! (32 points, 16 comments)
    7. Jaxx Blockchain Wallet now supports Dash ! (31 points, 3 comments)
    8. Bitfinex now opened margin trading for Dash (30 points, 11 comments)
    9. Dash's Ryan Taylor at TNABC Bitcoin Miami 2017 (30 points, 11 comments)
    10. DASH Business Development Strategy Update - FEB 2017 (29 points, 15 comments)
  2. 2730 points, 119 submissions: Amanda_B_Johnson
    1. Apple. We're Digital Currency Experts Now. (65 points, 25 comments)
    2. DASH’s. Best. Day. Yet. | DASH: Detailed (62 points, 31 comments)
    3. 'We're Doing the Planning That Takes Us to 1 Billion" - Ryan Taylor, Dash Director of Finance (53 points, 40 comments)
    4. Why Aren't We Seeing Greater Adoption of Cryptocurrency? [Bountied reading of Ryan's TNABC presentation] (50 points, 17 comments)
    5. Is There a Maximum Coin Supply in Dash? | DASH: Detailed (40 points, 10 comments)
    6. Amanda to Present Evolution at Anarchapulco's “Cryptopulco” (39 points, 9 comments)
    7. 12.1.4 Coming | WoC in China | The Ol' Hold-Steady -- DASH: Detailed (37 points, 17 comments)
    8. EVERYTHING You Need to Know About Dash in Under 3 Minutes! (37 points, 3 comments)
    9. Something DASHOUS This Way Comes (37 points, 17 comments)
    10. Welcome, newcomers. Here are some resources for ya! (37 points, 10 comments)
  3. 652 points, 30 submissions: Basilpop
    1. Roger Ver is bombarded with lies about Dash's "weak privacy". Let me destroy that allegation... (49 points, 36 comments)
    2. Dash just broke 70 Million US Dollar Marketcap first time in its history! (40 points, 5 comments)
    3. PSA: "SPORK_8_MASTERNODE_PAYMENT_ENFORCEMENT": true (33 points, 5 comments)
    4. A Call For Kraken To Add Dash For Trading | Open Letter to Jesse Powell, CEO at Kraken (28 points, 7 comments)
    5. Dash is now the 4th largest cryptocurrency in the world - Just shot past Litecoin (28 points, 7 comments)
    6. Dash has surpassed Litecoin in transaction volume (27 points, 6 comments)
    7. Why Dash Dislodged Ethereum Classic From Number 6 Place On CoinMarketCap (27 points, 3 comments)
    8. Welcome new users! Let's have an AUA (Ask Us Anything) - We will answer all your questions so fire away! (25 points, 71 comments)
    9. [IMPORTANT] DON'T just download and install the new client. You must follow the instructions! (24 points, 16 comments)
    10. Official Dash Core 12.1 Evolution Upgrade Thread (23 points, 14 comments)
  4. 495 points, 21 submissions: goto1415
    1. I did my first @Dashpay payment yesterday. I moved $100K for ~0.3 cents, and was confirmed in the next block. Bitcoin used to work that well - Roger Ver on Twitter (87 points, 23 comments)
    2. Dash #3 in Marketcap - just getting started... (47 points, 53 comments)
    3. Big Bitcoiners see the advantages of Dash (38 points, 26 comments)
    4. Everything You Ever Wanted to Know About Dash Cryptocurrency w Amanda B Johnson (31 points, 3 comments)
    5. Dash Altcoin Continues Epic Bull Run; Sets Several All-Time Records - Bitcoinist.com (30 points, 0 comments)
    6. To Celebrate $100 Mark, DASH: Detailed Goes Live (29 points, 6 comments)
    7. Monero Vs. Dash, Simple Comparison (27 points, 23 comments)
    8. Bitcoin entrepreneur Charlie Shrem joins the Dash Slack. (24 points, 3 comments)
    9. Dash hits $100. Will it overtake Bitcoin? (19 points, 5 comments)
    10. Op Ed: A Closer Look Into DASH (Part 1) (19 points, 6 comments)
  5. 462 points, 21 submissions: Dashriprok
    1. Why Dash is the Most Sybil Attack-Resistant Cryptocurrency (44 points, 11 comments)
    2. Dash @ $25.23 and just past Monero for the Number 5 spot. (34 points, 10 comments)
    3. Dash to partner with BlockCypher (34 points, 0 comments)
    4. Goldmoney Accepts Dash for Purchasing Gold (31 points, 4 comments)
    5. Dash breaks $24 (27 points, 39 comments)
    6. Dash teams up with BlockPay to enable point of sale purchases in over 36 countries (26 points, 0 comments)
    7. Dash now available to Buy or Sell at "Wall of Coins" (25 points, 4 comments)
    8. Dash partners with Major exchange gains access to FIAT trading (24 points, 2 comments)
    9. Charlie Shrem Sponsors Dash MasterCard (21 points, 3 comments)
    10. Dash at 2017 North American Bitcoin Conference (Edited Version) (21 points, 12 comments)
  6. 450 points, 32 submissions: notmyby
    1. Proposal: Core Team Expansion (23 points, 5 comments)
    2. June 2016 Monthly Budget Report (22 points, 0 comments)
    3. Proposal: Business Development - Major Exchange (22 points, 13 comments)
    4. Dash Is Hiring: Front-end Developers (19 points, 3 comments)
    5. Proposal: Core Team Salaries (April) (19 points, 5 comments)
    6. Proposal: Marketing & Communication (April) (19 points, 0 comments)
    7. Proposal: Dash Offices at ASU's SkySong Innovation Center (17 points, 0 comments)
    8. Proposal: Hardware Wallets For Build And Test (16 points, 0 comments)
    9. Proposal: WebEx Premium Subscription (16 points, 2 comments)
    10. Proposal: Conferences & Travel - The North American Bitcoin Conference (14 points, 0 comments)
  7. 366 points, 25 submissions: dashpaymagazine
    1. John MCAfee meets DashNDrink - Closer shot (25 points, 0 comments)
    2. Shakepay Dash Cards: An Interview With Jean Amiouny (22 points, 4 comments)
    3. Dash with InstantSend, A New Name But The Same Ground Breaking Technology (20 points, 1 comment)
    4. Dash’s DAO At 10 Months: a Progress Report by Amanda B.J (19 points, 0 comments)
    5. Jaxx Provides A Disguise as Dash gets on iOS? (17 points, 2 comments)
    6. The DashCast Ep.02 – Interview with Amanda B. Johnson (17 points, 1 comment)
    7. Bitcoin, Dash and Litecoin Analysis (July 5) | Crypto Technical (16 points, 6 comments)
    8. Dash Scam Alert: Dash-wallet.com (16 points, 4 comments)
    9. Dash Representation At D10e San Francisco 2016 (Presentations, Time, Date, Where To Watch) (15 points, 2 comments)
    10. Dash’s PrivateSend: What makes Digital Cash Fungible (15 points, 1 comment)
  8. 350 points, 13 submissions: TrustThyself
    1. Bitcoin's Bubble vs. Dash's Killer App: Amanda B. Johnson at UNM (41 points, 23 comments)
    2. Will Cryptocurrency Ever Get Its Killer App? Amanda B. Johnson presents at Anarchapulco (41 points, 6 comments)
    3. Network Switch, General Bytes, & Testnet Slots | DASH: Detailed (39 points, 1 comment)
    4. 12.1 Support Party, Apple-Jaxx Update, & International Girls | DASH: Detailed (38 points, 6 comments)
    5. Dash Did Not Move Inverse to Bitcoin's Rocket This Week... Interesting (29 points, 1 comment)
    6. The Dash Network is Worthy of Attack! | DASH: Detailed (28 points, 5 comments)
    7. Dash Open House March 30th at SkySong with Ryan Taylor, Evan Duffield & Amanda B. Johnson. All are invited! (26 points, 4 comments)
    8. It's Q4 2016, So Where Is Bitcoin's Consumer Demand? -- Dash on Nasdaq (26 points, 7 comments)
    9. Dash Open House this Thursday in Scottsdale, AZ! (22 points, 4 comments)
    10. DASH: Detailed Investor Report #4 (20 points, 4 comments)
  9. 344 points, 20 submissions: itscrazybro
    1. Now that Apple has approved Monero, we can throw away the suspicion that we were not approved due to privacy concerns (34 points, 34 comments)
    2. Bitcoin Realises it's Centralised as Dash Votes on its Monthly Direction (27 points, 7 comments)
    3. At this rate, Dash now has a monthly budget of $120,000 USD! (26 points, 3 comments)
    4. Another article on Nasdaq, good work Wachsman PR (23 points, 1 comment)
    5. Cryptocurrencies that pay a dividend (20 points, 0 comments)
    6. Dash Releases Software Upgrade in Sweeping Redesign (20 points, 0 comments)
    7. Completing our transition to becoming a digital currency company (not just a Bitcoin company) (18 points, 5 comments)
    8. Just sold the remainder of my Bitcoin (18 points, 15 comments)
    9. I knew Evolution was a game changer but now I have experienced why it is! (17 points, 5 comments)
    10. Spend Dash – Dash's very own business directory is now online (17 points, 5 comments)
  10. 334 points, 20 submissions: TaoOfSatoshi
    1. Vitalik Buterin discusses Dash governance in The Huffington Post (31 points, 9 comments)
    2. Announcing the "Dash: The Cash Alternative" campaign! (29 points, 18 comments)
    3. Dash Nation Call To Action: RT for Dash Jaxx! (27 points, 4 comments)
    4. Reality Check: Tao Responds To Tone Vays And FluffyPony (27 points, 45 comments)
    5. CATV | Dash: More Than A Currency, It's The Beginning Of A Global Movement (22 points, 14 comments)
    6. Dash on the App Store? Currency to be integrated into Jaxx Wallet next week! (18 points, 0 comments)
    7. Dash Nation Slack reaches 700 members! (16 points, 3 comments)
    8. That's right, Roger! Dash's features are Ver-y Cool! (16 points, 7 comments)
    9. At last! At last, Dash appears on the App Store through Jaxx Wallet integration (15 points, 0 comments)
    10. Dash Update - Evan Duffield speaks about LaBitConf (14 points, 0 comments)
  11. 284 points, 13 submissions: NibiruHybrid
    1. Congrats to Amanda & Pete For Reaching 10K YouTube Subs!!!! (47 points, 4 comments)
    2. Amanda B. Johnson DASH Interview The Crypto Show Anarchapulco 2017 (26 points, 4 comments)
    3. Roger Ver list of BTC competitors he diversified into for better privacy & cheaper transaction costs DASH (25 points, 12 comments)
    4. The DASH community has sponsored MMA Fighter Davis Dos Santos for his fight at TKO MMA 38 (24 points, 13 comments)
    5. Dash, BlockPay produce POS option (23 points, 1 comment)
    6. Dash: The new Cryptocurrency player with more Features than Bitcoin - Amanda Johnson (22 points, 6 comments)
    7. Dash Partners with BlockPay to Enable Point of Sale Purchases at Brick and Mortar Stores (21 points, 0 comments)
    8. Dash Is Now the Fourth Biggest Cryptocurrency with $200m Market Cap | Finance Magnates (18 points, 6 comments)
    9. Live Chat Dash Guest Interview By Crypt0 With Amanda B. Johnson (18 points, 14 comments)
    10. Dash Market Report: DASH/BTC Sets All Time High of $74.34 (17 points, 2 comments)
  12. 277 points, 15 submissions: solowhizkid
    1. DASH Cryptocurrency Explodes To New Highs (34 points, 7 comments)
    2. Dash Is Now the Third Biggest Cryptocurrency by Market Cap - Israel News (34 points, 1 comment)
    3. Dash Partners with BlockPay, Enables PoS Payments at Physical Stores (31 points, 1 comment)
    4. Transaction to 12.1 complete, with first 12.1 superblock issued #dash_force (20 points, 2 comments)
    5. Keepkey-integrates-dash (19 points, 4 comments)
    6. Dash, the most Sybil attack resistant crypto (17 points, 2 comments)
    7. Is DASH The Future Of Cryptocurrency? (16 points, 4 comments)
    8. My Best Investment in 2017? A Dash (Digital Cash) Masternode Earned Trading Bitcoin on Poloniex? (15 points, 0 comments)
    9. Alex-ru educating and presenting Dash - Digital money for global use. (In Russian) (14 points, 0 comments)
    10. Dash to beat bitcoin (14 points, 1 comment)
  13. 210 points, 5 submissions: adiiorio
    1. Dash has joined the Jaxx family (Official Announcement) (65 points, 35 comments)
    2. Anthony Di Iorio on Twitter - "Apple just called. They want Dash removed from Jaxx. Only some coins are authorized for App Store. We're determining course of action." (45 points, 50 comments)
    3. Jaxx invites Dash to the party, previews multi-stage integration (42 points, 17 comments)
    4. Jaxx - Dash integration coming soon! (Official Announcement) (37 points, 10 comments)
    5. Dash comes to iPhone with Jaxx wallet - International Business Times (21 points, 1 comment)
  14. 191 points, 14 submissions: cryptobubble
    1. DASH/CNY pair added to BTC38.com! (18 points, 1 comment)
    2. Dash, the anonymous evolution of Bitcoin, Interview with Evan (17 points, 0 comments)
    3. Jaxx Wallet Set to Integrate DASH This Week (15 points, 0 comments)
    4. The Spells of Genesis trading card dedicated to Dash will be released today! (15 points, 3 comments)
    5. Richtopia's List of Top 100 Blockchain Organisations by Influence, Dash #47! (14 points, 0 comments)
    6. SpectroCoin adding Dash to exchange and e-wallet (14 points, 1 comment)
    7. D10e Conference Featuring John McAfee Fast Approaching (13 points, 0 comments)
    8. Node40 HowTo Guide: Edit your local Dash masternode.conf file (13 points, 0 comments)
    9. Node40 streamlines blockchain network incentivization (13 points, 0 comments)
    10. ‘DashnDrink’: Dash-Powered Vending Machine Returning for d10e (13 points, 1 comment)
  15. 188 points, 10 submissions: eric_sammons
    1. Review of the Dash Budget System, the First Blockchain-based Decentralized Governance System (26 points, 11 comments)
    2. Apple vs. Dash: The Importance of Privacy (25 points, 10 comments)
    3. The Dash Masternode Network: A Response to Critics (23 points, 6 comments)
    4. An Honest Assessment of Dash, Today’s Hottest Cryptocurrency (22 points, 10 comments)
    5. Fulfilling Satoshi’s Vision (21 points, 3 comments)
    6. Bitcoin is Sick. Will It Heal, Be Amputated, or Die? (Dash mentioned) (17 points, 2 comments)
    7. Historical Data added to DashVoteTracker.com (16 points, 2 comments)
    8. Dash: A Digital Cash System - Bitcoinist.net (15 points, 6 comments)
    9. Out of the Cryptocurrency Sandbox (14 points, 2 comments)
    10. Shifting to Cryptocurrency (9 points, 1 comment)
  16. 168 points, 10 submissions: ashmoran
    1. An under-recognised advantage of Dash over Bitcoin: it pays its own developers (24 points, 3 comments)
    2. Why running a Dash masternode is different from Bitcoin mining (22 points, 10 comments)
    3. Success to the Successful (or: why the moon is not far enough) (19 points, 24 comments)
    4. Dash as investment opportunity for Chinese savers (18 points, 14 comments)
    5. What open source Bitcoin project would you like to see ported/upgraded for Dash? (18 points, 16 comments)
    6. SegWit politics in Litecoin demonstrates why Dash's masternode voting is superior to miner voting for deciding protocol changes (16 points, 9 comments)
    7. Marketing the Dash treasury to Bitcoin project developers (15 points, 21 comments)
    8. The injustice of market cap rankings: The DAO features above Dash despite the fact The DAO does not work. Discuss :-) (14 points, 8 comments)
    9. FlokiNET: Privacy-conscious VPS provider based in Iceland who accept Dash (12 points, 4 comments)
    10. Is Dash susceptible to the "bad faith taker spy" attack to any degree? (10 points, 7 comments)
  17. 162 points, 7 submissions: bmed4u
    1. Jaxx: "Apple has accepted Dash into their App Store as an "approved" cryptocurrency" (65 points, 20 comments)
    2. Dash is far from dying (25 points, 25 comments)
    3. Dash's network has never been so secure! New ATH (1.29TH/s) (19 points, 8 comments)
    4. Welcome to our new masternode owners! New ATH= 4235 (16 points, 1 comment)
    5. Alphabay and mass adoption reputation (13 points, 7 comments)
    6. Bitcoin: They are starting to get why it is so important to incentivize nodes! (13 points, 2 comments)
    7. Dash network is able to take care of Bitcoin's transactions (11 points, 5 comments)
  18. 145 points, 6 submissions: cryptoninjas
    1. Dash now added to crypto exchange Bitfinex (49 points, 45 comments)
    2. Dash now out of beta goes LIVE on crypto hardware wallet KeepKey (28 points, 2 comments)
    3. Euro based crypto broker BitPanda integrates Dash (25 points, 8 comments)
    4. Russian largest bitcoin exchange MaRSe adds Dash (23 points, 9 comments)
    5. Bitcoin powered trading platform Whaleclub adds DASH/BTC with 3x leverage (10 points, 0 comments)
    6. GENERAL BYTES new BATMTwo Bitcoin ATMs now shipping, supports DASH (10 points, 0 comments)
  19. 142 points, 3 submissions: dashingtomars
    1. DASH Market Cap Surpasses LTC (73 points, 27 comments)
    2. DASH Breaks $30 (56 points, 51 comments)
    3. EU Parliament states Virtual Currencies cannot be anonymous (13 points, 17 comments)
  20. 138 points, 5 submissions: evand82
    1. 12.1 Announcement / Finalized Date / Project Update (47 points, 19 comments)
    2. Update on 12.1 (32 points, 6 comments)
    3. April 2016 Budget Proposal (21 points, 4 comments)
    4. Please upgrade your testnet masternodes! - 12.1 (21 points, 0 comments)
    5. Enforcement is enabled (17 points, 1 comment)
  21. 120 points, 6 submissions: alex9xxl
    1. Here's Johnny! (34 points, 15 comments)
    2. New ATH DASH/BTC! Give up Bitcoin! (32 points, 30 comments)
    3. Dash to $100 (0.08 BTC) till the end of the day? (19 points, 34 comments)
    4. Bitfinex Adds Market Trading For Dash (Again) (14 points, 9 comments)
    5. Poloniex security notice (12 points, 1 comment)
    6. Buying Dash for investment purposes (9 points, 19 comments)
  22. 116 points, 7 submissions: fearofhellz
    1. The Jaxx Wallet Now Includes Support for Dash (32 points, 2 comments)
    2. Mycelium Wallet Will Support Buying And Selling Dash (22 points, 3 comments)
    3. TigoCTM Adds Dash Support To its Cryptocurrency ATM Network (16 points, 1 comment)
    4. DASH Continues Upward Trend Across Bitcoin and Monero Markets (13 points, 0 comments)
    5. Dash Developers Focus On Fiat Gateways And Partnerships – The Merkle (12 points, 3 comments)
    6. Jaxx Developers Hint At Upcoming DASH Integration (11 points, 3 comments)
    7. DASH Price Remains Resilient Despite Lackluster Trading Volume – The Merkle (10 points, 1 comment)
  23. 116 points, 3 submissions: Hillscent
    1. Dash moves up to number 6! (52 points, 18 comments)
    2. From 100% Bitcoin to 75% Bitcoin 25% Dash (34 points, 17 comments)
    3. New All Time High Market Cap for Dash (30 points, 17 comments)
  24. 114 points, 8 submissions: SilentLennie
    1. Chris Dunn: Currency Competition & The Future Of Money (with Amanda B. Johnson) (25 points, 12 comments)
    2. Dash Youtube channel: Dash is Financial Privacy (17 points, 0 comments)
    3. The Cryptoverse: How Tax Law Applies to DASH and Masternode Operators In USA (The Cryptoverse #237) (13 points, 1 comment)
    4. 24h high is over US $100 on WorldCoinIndex (12 points, 2 comments)
    5. Dash gained the most of the top currencies the past 7 days, let's hope it continues that way (12 points, 3 comments)
    6. Genesis Mining has run out of X11 (DASH mining) (12 points, 3 comments)
    7. Why Amanda B. Johnson loves Dash (12 points, 48 comments)
    8. Dash is the solution to Bitcoin problem of privacy and speed. (11 points, 0 comments)
  25. 114 points, 5 submissions: coinwatch
    1. Dash price broke $16 (34 points, 3 comments)
    2. Oh my $51!! (27 points, 21 comments)
    3. Dash reaches all time high of $29 (26 points, 12 comments)
    4. Dash price hits $15 (15 points, 0 comments)
    5. Dash sets all time high of $39 (12 points, 4 comments)

Top Commenters

  1. Basilpop (1541 points, 524 comments)
  2. Amanda_B_Johnson (1285 points, 577 comments)
  3. ashmoran (480 points, 194 comments)
  4. Bitcoin_Chief (368 points, 142 comments)
  5. tungfa (367 points, 204 comments)
  6. wackyD1982 (313 points, 147 comments)
  7. SilentLennie (281 points, 134 comments)
  8. thedesertlynx (281 points, 102 comments)
  9. IronVape (258 points, 84 comments)
  10. MasterMined710 (251 points, 164 comments)
  11. TaoOfSatoshi (250 points, 108 comments)
  12. thesleepthief (229 points, 86 comments)
  13. __technoir__ (222 points, 56 comments)
  14. Pink-Fish (211 points, 109 comments)
  15. TheDashGuy (189 points, 81 comments)
  16. taushet (185 points, 72 comments)
  17. davebazzel (185 points, 64 comments)
  18. newhampshire22 (175 points, 57 comments)
  19. stealth923 (163 points, 39 comments)
  20. Dashriprok (156 points, 61 comments)
  21. dashtipbot (151 points, 141 comments)
  22. NibiruHybrid (150 points, 50 comments)
  23. MrNotSoRight (148 points, 72 comments)
  24. adiiorio (138 points, 32 comments)
  25. Technologov (132 points, 51 comments)

Top Submissions

  1. Why dash REALLY exploded in price by ChooseAgodAndPray (94 points, 85 comments)
  2. I did my first @Dashpay payment yesterday. I moved $100K for ~0.3 cents, and was confirmed in the next block. Bitcoin used to work that well - Roger Ver on Twitter by goto1415 (87 points, 23 comments)
  3. DASH Market Cap Surpasses LTC by dashingtomars (73 points, 27 comments)
  4. Dash has joined the Jaxx family (Official Announcement) by adiiorio (65 points, 35 comments)
  5. Apple. We're Digital Currency Experts Now. by Amanda_B_Johnson (65 points, 25 comments)
  6. Jaxx: "Apple has accepted Dash into their App Store as an "approved" cryptocurrency" by bmed4u (65 points, 20 comments)
  7. DASH’s. Best. Day. Yet. | DASH: Detailed by Amanda_B_Johnson (62 points, 31 comments)
  8. (Pre-Proposal) DASHPayCard - DASH Branded Debit Card + Fiat/Dash Integration by Bitcoin_Charlie (61 points, 36 comments)
  9. DASH Breaks $30 by dashingtomars (56 points, 51 comments)
  10. Dash hits $100 by SatoshiRoshi (54 points, 55 comments)

Top Comments

  1. 30 points: deleted's comment in Welcome new users! Let's have an AUA (Ask Us Anything) - We will answer all your questions so fire away!
  2. 24 points: Bitcoin_Chief's comment in Tone Vays predicts that someone is going to hack and take all of the dash out of the masternodes(1:18:30).
  3. 24 points: EncryptionPrincess's comment in 'Ask ABJ!' -- Amanda Answers 18 Questions From Viewers
  4. 24 points: Jaxx_adiiorio's comment in Jaxx on Twitter: "This weekend we're giving away 200 DASH ($2400US), to participate have Jaxx installed (all but iOS) & @Dashpay wallet active. More into to come."
  5. 22 points: COHthebestRTS's comment in 18 Dollar Hype!
  6. 22 points: __technoir__'s comment in 'We're Doing the Planning That Takes Us to 1 Billion" - Ryan Taylor, Dash Director of Finance
  7. 22 points: stealth923's comment in Tone Vays predicts that someone is going to hack and take all of the dash out of the masternodes(1:18:30).
  8. 21 points: Stereoscopic_Salute's comment in Where are you coming from newcomers?
  9. 20 points: Basilpop's comment in Yea baby, congrats for the $100M market cap!
  10. 20 points: wsmithston's comment in With current price Dash's budget allows us to hire 70 developers/testers with 120k$/year salary. No other cryptocurrency can achieve this level of independence from third parties (like Blockstream in BTC).
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MARGIN TRADING - POLONIEX - PARTE 2 - LONG - BITCOIN E ALTCOINS - ANÁLISE GRÁFICA Margin trade in hindi poloniex MARGIN TRADING - POLONIEX - PARTE 1 - SHORT - BITCOIN E ALTCOINS - ANÁLISE GRÁFICA COMO USAR LENDING y MARGIN TRADING EN POLONIEX - Parte 1 Explicacion margin trading en Poloniex

You disliked this video. Thanks for the feedback! Sorry, only registred users can create playlists. Last week, Circle's cryptocurrency exchange subsidiary, Poloniex, added Bitcoin-based margin trading for Bitcoin Cash (BCH) and Bitcoin SV, bringing the total altcoins available for with leverage to 14. There are now 14 pairs available for margin After the addition of the margin trading feature, Poloniex decided to divide accounts into three separate categories, these being exchange, margin, and lending. The differences between these are quite clear. The exchange account holds funds normally used for regular trading and exchanging on the platform, the margin accounts holds the The current margin trading pairs at Poloniex are the following: Aside from crypto margin trading, Poloniex remains a reputable altcoin exchange with no fiat pairs on it. Nevertheless, you can purchase crypto with credit or debit You disliked this video. Thanks for the feedback! Sorry, only registred users can create playlists.

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MARGIN TRADING - POLONIEX - PARTE 2 - LONG - BITCOIN E ALTCOINS - ANÁLISE GRÁFICA

Margin Trading en vivo venta en corto (Short Sell) en Poloniex - Duration: 20:42. Johnatan Santamaria Monster Strong Signals 5,494 views In this CoinStaker.com Video, we show you how to make money by margin lending on the Poloniex Exchange. For more information on Lending: https://www.coinstak... COMO USAR LENDING y MARGIN TRADING EN POLONIEX - Parte 2 - Duration: 33:10. CriptoLatino.com - Oficial 8,297 views. 33:10. Cómo Trabaja Margin Trading En Poloniex - Duration: 8:51. El Empresario Online 2,505 views. 8:51. Understand FAST English Conversations [Advanced Listening Lesson] - Duration: 31:33. Poloniex Margin Trading Short (cobaia DASH) - Duration: 17:35. Bitcoin Investimento 4,278 views. 17:35. Como invertir en el S&P 500 con GBM Homebroker - Duration: 11:02.

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