Robô trader bitcoin

ROBO DE TRADE EZPERT BITCOIN

ROBO DE TRADE EZPERT BITCOIN


*7 DIAS DE TESTES GRÁTIS*
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https://youtu.be/IkHqYs9ee2g
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*COM 35 INDICADOS ATIVOS VOCÊ VAI GANHAR SÓ DE COMISSÃO*
*1 BTC POR MES, É ISSO MESMO 1 BITCOIN SÓ DE COMISSÃO*
*FORA OS LUCROS DIÁRIOS DO ROBÔ OPERANDO NA BINANÇE*
*ONDE VOCÊ VAI PODER RECEBER COMISSÕES EM BITCOIN*
*PELAS PESSOAS QUE VOCÊ INDICAR E TAMBÉM ATE O 5 NÍVEL*,
*DAS PESSOAS QUE OS SEUS INDICADOS INDICAREM*.
*apos o período de teste vc pagara apenas 47 REAIS*
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🔵*NÍVEL 1 40%*
🔵*NÍVEL 2 15%*
🔵*NÍVEL 3 5%*
🔵*NÍVEL 4 3%*
🔵*NÍVEL 5 1%*
submitted by jucimar2018 to u/jucimar2018 [link] [comments]

ROBO DE TRADE EXPERT BITCOIN

ROBO DE TRADE EXPERT BITCOIN

https://youtu.be/IkHqYs9ee2g

*SAIBA MAIS*👉 https://go.hotmart.com/G10196715T?ap=65ff

*COM 35 INDICADOS ATIVOS VOÇE VAI GANHAR SÓ DE COMISSÃO*
*1 BTC POR MES, É ISSO MESMO 1 BITCOIN SÓ DE COMISSÃO*
*FORA OS LUCROS DIARIOS DO ROBO OPERANDO NA BINANÇE*


*PARA INFORMAÇÕES E PROVAS DE GANHOS*
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ONDE VOÇE VAI PODER RECEBER COMISSÕES EM BITCOIN
PELAS PESSOAS QUE VOÇE INDICAR E TAMBEM ATE O 5 NIVEL,
DAS PESSOAS QUE OS SEUS INDICADOS INDICAREM.

🔵NÍVEL 1 40%
🔵NÍVEL 2 15%
🔵NÍVEL 3 5%
🔵NÍVEL 4 3%
🔵NÍVEL 5 1%

https://preview.redd.it/dbovgj2wzvt21.png?width=1379&format=png&auto=webp&s=e1e4cd41df9db873305307dc317dd67d3969159c
submitted by jucimar2018 to u/jucimar2018 [link] [comments]

Charles Schwab- Job posting refers to Crypto Currencies. Are they next to get into trading Bitcoin? "This program will combine the best of internal innovation approaches (e.g.,first to launch a robo of the traditional players) and select external approaches (e.g.,cryptocurrencies).

Charles Schwab- Job posting refers to Crypto Currencies. Are they next to get into trading Bitcoin? submitted by fawzi647 to Bitcoin [link] [comments]

Charles Schwab- Job posting refers to Crypto Currencies. Are they next to get into trading Bitcoin? "This program will combine the best of internal innovation approaches (e.g.,first to launch a robo of the traditional players) and select external approaches (e.g.,cryptocurrencies).

Charles Schwab- Job posting refers to Crypto Currencies. Are they next to get into trading Bitcoin? submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Is there a good robo-advisor platform that could help a new investor build a healthy portfolio and understand how trading works? /r/Bitcoin

Is there a good robo-advisor platform that could help a new investor build a healthy portfolio and understand how trading works? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

robo trade expert bitcoin

robo trade expert bitcoin

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submitted by jucimar2018 to u/jucimar2018 [link] [comments]

robo trade expert bitcoin

🔥 VENHA LUCRAR VOCÊ TAMBÉM 🔥

SAIBA MAIS👉 https://expertbitcoin.com.bbot?id=i9coin

ONDE VOÇE VAI PODER RECEBER COMISSÕES EM BITCOIN
PELAS PESSOAS QUE VOÇE INDICAR E TAMBEM ATE O 5 NIVEL,
DAS PESSOAS QUE OS SEUS INDICADOS INDICAREM.
🔵NÍVEL 1 40%
🔵NÍVEL 2 15%
🔵NÍVEL 3 5%
🔵NÍVEL 4 3%
🔵NÍVEL 5 1%

submitted by jucimar2018 to u/jucimar2018 [link] [comments]

20 year old, working two jobs, using roboadvisors, autodeposits, and trading premiums. The goal is $900,000 in ten years. Opinions on my investment plans and goals?

Hello!
I'm here more for lifestyle advice. I'm a 20 year old chef with a current hourly wage of $17 dollars that increases by $2 every 6 months. I've always been a hard worker and great at saving and budgeting, but I recently started taking it seriously as I want to go back to school before I'm 30 without loans. Scholarships are a no-go as I dropped out due to a form of Autism Spectrum Disorder, and math dyslexia that occurs from certain conditions.
For this reason, I have chosen to use mostly robo-advisors, while I spend time trying to overcome my dyslexia.
Robo-advisors make up 80% of my investments. These include acorns, and betterment, three accounts valued currently at 1,500 respectively.
I trade options premiums with the hope of oneday having enough to own the underlying assets of what I'm buying. The goal is to trade options to increase my assets, and currently trading premiums to build experience.
Options contracts represent 4% of my investments. I also sometimes use gift, and extra money, to purchase assets through E-Trade.
8% is in real estate, using another small robo-advisor like app, althouth I'm not sure how the returns will fare as I just started using it. It invests in actual real-estate and sends you a portion of the monthly rent.
The last 8% is held on Coinbase in Tezos staking currency and ETH based tokens.
I have a high yeild savings account that takes up 10% of my income, while my various investment accounts take up between 40% and %60 percent of my weekly income.
This is all through reoccuring deposits, that I never turn off, and drive uber and doordash to meet the withdrawl amount if need be. It's about $35 a day, or $900 a month.
My monthly income is around 2,000-5,000 a month depending on restaurant volume. I'm looking to eventually use investing as a second source of income, but one I only take from as emergencies, or my own ventures take me.
How is the diversification of my investment plan?
I plan on using the advice of others, and seeking a mentor, but I don't really want to scale down the contribution of my income, unless necessary, as I live in a state that you can survive on 2,500 a month.
What else should I be saving foinvesting in? Would real estate be worth it if I don't plan on staying in my state?
I pondered buying a bunch of Bitcoin atm's and taking advantage of the hype, although I'm worried it's just a fad.
I plan to reach the 900,000 by trading options and slowly correctint the premiums, and reinvesting, or saving the profits. I'm worried my plan is too detailed to be successful, but this is the gist of it.
Any advice welcome, thanks, Nic
submitted by nicjulius to investing_discussion [link] [comments]

bitcoin evolution Review, Conclusions, and Helpful Tips

bitcoin evolution Review, Conclusions, and Helpful Tips

https://preview.redd.it/c6yqiqmfn3h51.jpg?width=1280&format=pjpg&auto=webp&s=b563ac2d2547a4602ac117dc34442e0e19e7985b
As an example, if Bitcoin prices are plummeting as a consequence of a 51 percent assault, robo-traders are able to scan news in milliseconds of an announcement and take a brief position.
Bitcoin Evolution system claims to have the accuracy of 99% meaning that it gets the decisions that are perfect most of the times.

This robo-trader makes it possible for investors to trade or automatically. We urges automatic trading for most new beginners.
Using Bitcoin Evolution automatic trading, traders should require less than 20 minutes a day to track their accounts.
Open account

How does it work? Key Features. Does it have a mobile app?
Bitcoin Evolution Image of this product
The Bitcoin Evolution account opening procedure is a simple one and shouldn’t take you over three minutes. Additionally, the program usage and setup is self-explanatory and does not need any technical skills. Bitcoin Evolution

For traders who may get stuck at the procedure, Bitcoin Evolution provides troubleshooting substances at request. Basic usage details are also available on the Bitcoin Evolution website. Before we proceed through the registration process, it’s crucial to notice that the risk related to trading crypto-assets nevertheless exists when trading with all robots. While traders are prone to make profits, they’re also able to make losses.

Once again, novice traders shouldn’t invest a sum they cannot afford to lose. More information about the opportunities and dangers of using this robo-trader is found on the stipulations page about the Bitcoin Evolution site.

Bitcoin Evolution Signup
The initial step involves submitting personal details such as name, contact number and email on a form provided on the Bitcoin Evolution website. This measure also involves password creation. Bitcoin Evolution highlights best practices to secure and protect passwords automatically rejecting poor passwords. For the album, a strong password is believed to have a mixture of lower and upper case letters, symbols, and figures.

The very first step also involves agreeing with the stipulations of Bitcoin Evolution and also opting in or out of their mailing list. InsideBitcoin applauds the very fact that this crypto trader unlike most of its competitors doesn’t send clients unsolicited mails without their consent. Bitcoin evolution is SSL secured to protect clients’ private data from cyber attackers. The Secure Socket Layer (SSL) is an online protocol that encrypts information sent between clients and servers, so, hiding it in snoopers.

Deposit
After account creation, customers must deposit at least #250 to last. This amount is thought to be the initial funding. Bitcoin Evolution accepts multiple payment systems to add Visa, MasterCard, PostPay, SEPA Transfer and digital payment techniques such as Skrill along with Krarna. These methods are also applicable to withdrawals.

This robo-trader doesn’t cost anything for withdrawals and deposits but some penalties may be applicable to the financial institutions facilitating the trades. InsideBitcoin couldn’t specify the time that it requires for deposits to signify on a customer’s account. Dealers can get clarifications by calling Bitcoin Evolution customer service centre.
Beginner traders may get a feel of this Bitcoin Evolution system by trying their demo account . But it ought to be mentioned that the minimum deposit must be made first to get this account. The demo account is only but a simulation of the actual account utilizing historic data. This usually means that there is not any difference between demo trading and real trading.

https://preview.redd.it/qufmcdhin3h51.jpg?width=300&format=pjpg&auto=webp&s=4022d3044842749e6029f4b41bd77a3714e3e280
The Bitcoin Evolution accounts is completely equipped to provide beginner traders a true sense of trading. The same as the real account, the demonstration account allows both manual and automated trading.
As mentioned before in this Bitcoin Evolution inspection, thisr Bitcoin Evolution allows both the automated and manual trading. In automated trading, customers are required to monitor their accounts for under 20 minutes every day. Guide trading might take additional time and is most appropriate for experienced traders
With this particular trading robot, you can earn thousands of dollars each day based on your invested funds. While we cannot ensure that the claims made by affiliates will be 100% true, we could ascertain you will be able to make returns above what you may get through the investment methods.

We recommends that you start with a small investment and update your account since you become comfortable using their trading platform.

Bitcoin evolution appears to be a legitimate crypto-trader as evidenced with the tech supporting it along with users’ testimonials. But, it is tricky to ascertain whether the sample outcome are true.
We finds the account creation process to be an easy one and the withdrawal and deposit methods to be extremely convenient. Just like, Bitcoin Evolution provides both automatic and manual trading. InsideBitcoin urges that novice investors utilize the account that is automatic and start with not more than the amount.
Is Bitcoin Evolution strategy fake? The Platform
Bitcoin Evolution process is based on technology known to create enormous returns in stock trading and the currency and valid. We did not locate any complaints about the platform. We highly suggest this trading syst

https://www.bitcoinevolutionpro.com/
submitted by Bitcoinevolutions to u/Bitcoinevolutions [link] [comments]

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submitted by BangalTigers to u/BangalTigers [link] [comments]

RYZE | Crypto Investing | Contact Us

Contact Ryze if you need help investing in Bitcoin. Ryze contact info for Bitcoin, Ethereum, and Crypto price, news, market analysis, trading help, wallets, and guides.
RYZE | Contact Us
Crypto is confusing. Learning about blockchains, private keys, and smart contracts can be very intimidating even for experienced investors. Even if you happen to learn the technicalities, the process of building a sound portfolio is tedious.
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submitted by ryzecryptocoin to u/ryzecryptocoin [link] [comments]

Robo advisor suggestion

For the young (<25) looking to invest (<$3000) for long/short term (1-7 years), what plat form would you recommend?
And do robo advisors mean that you just give them the money you’re willing to invest and let them to the rest?
Like they’ll invest in things like bitcoin, DAX, FTSE etc and know when to sell and buy to help you make money - basically things that newbies to investing/stock market trading like myself wouldn’t know?
Any suggestions for platforms like this? (Please legitimate suggestions only. And please be kind I’m still learning)
submitted by 123eng to StockMarket [link] [comments]

Digital Gold Stable Coin: Decentralized Gold (Metal) investment.

Digital Gold Stable Coin: Decentralized Gold (Metal) investment.
https://preview.redd.it/suwmd0qlef941.jpg?width=300&format=pjpg&auto=webp&s=877f2d12fda426303686e76c2aab867835e9f044
It's miles top notch to have an imaginative group running at the back of a challenge and certainly one of such undertaking is Gold Stable Coin. There are this type of huge number of exciting and fine things approximately Gold Stable Coin mission. It could be an terrific pleasure to investigate the development hooked up in this challenge together.
DIGITAL GOLD
Digital Gold is a blockchain-based total undertaking, meant to support the digitalization of the budgetary markets, and their afferent speculation contraptions.
It would like to perform this by using empowering clients to buy inclusion in physical gold, through the ERC-20 Ethereum-primarily based GOLD token.
The initiatives preserve numerous options for its buyers, the gold market, but moreover for blockchain innovation all in all. In view of this, traders can make use of the stage to in a break up 2d buy the GOLD token, every coin being equal to at least one gram of ninety nine. 99% FINE gold that is put away within the employer's vaults.


https://preview.redd.it/k19acd1nef941.jpg?width=299&format=pjpg&auto=webp&s=085c201e48e159528142f1561e77a3f284c08b81
Accordingly, the tokens empower investors to by using implication make use of gold to make economic exchanges or to use it as a riches stockpiling strategy. This is executed without anticipating traders to pursue harassed structures.
The token is pegged to the estimation of the gold spot price, in this way going about as a solid coin. This makes it precious for ensuring towards advertising unpredictability at the virtual money show off, even as moreover enabling customers to profit off long haul gold price upswings. Liquidity is assured continuously, conceded that loose stay critiques may be confirmed to go-test the quantity of tokens available for use, with the degree of vault-positioned away gold.
The digitalization of gold will absolutely likewise construct the general intrigue of the precious steel, which has been searched for and used by humankind for a terrific a few years.
The cross-usage amongst gold and blockchain innovation fills in up 'til now every other powerful use case state of affairs. Blockchain development allows an instantaneous document of befuddling trades, music stock, and reduce blackmail, which appears to make it a trademark suit for the product commercial enterprise.
The development fills in as an encoded and changeless database that should not be compelled with the aid of a primary assembling and may be made available to all people.

https://preview.redd.it/ihsmmw0oef941.jpg?width=275&format=pjpg&auto=webp&s=e9acfec14cadb6933bd303146d4e8a453f758462
• Each GOLD Token is one hundred% backed with the aid of physical gold placed away in a covered vault.
• Amount of bodily gold placed away may be showed whenever.

Why This type of mission is so Important nowadays?

With globalization, new innovations are growing in nature wherein we stay, affecting society in widespread. Cryptographic forms of cash are an oddity that is embedded close to globalization.
There are a few human beings who have now not yet understood the significance of virtual money for the global economic market. In any case, a gathering has simply stated or is figuring it out.
Crypto-coins talk to a genuine transformation all through the time spent buying and promoting objects as well as administrations in recent times. With simplest multiple snaps and reduced expenses, you can get products from a long way off countries, with dwindled charges.
Also, the fine part is that without all the agency that existed formerly. This is not astounding, in mild of the reality that because of the decentralization of the cryptographic cash, it has emerge as a really centered differential for a few groups, in particular those who paintings inside the international marketplace.

https://preview.redd.it/6huvk44pef941.jpg?width=300&format=pjpg&auto=webp&s=f8b3949bcb5242c19f739709781e0b9230ca5a2e
Nonetheless, banks will contend on security, among extraordinary highlights, imparting ascend to private safety that guarantees shops. Banks will deliver standard reserve budget and-credit administrations, precise in virtual currency.
Banks may additionally therefore shop your possessions as a bin of economic paperwork and Robo-trade in your gain dependent on pre-set criteria.
The largest trade of riches in history will show up in slight motion, because the estimation of fiat economic paperwork drops to zero. Unfit to enlarge their cash voluntarily, governments might be pressured to get manipulate overspending.
This can also deliver disorderly results along with riots, overthrows, fights, political change, or even the redrawing of countrywide outskirts.

ADVANCED GOLD FEATURES:

The Digital Gold Token is a blockchain-based totally venture that intends to combine the gold marketplace with the blockchain to digitize gold the precious steel that has been utilized as a methods for instalment and task for a huge number of years.

https://preview.redd.it/eibtwbbqef941.jpg?width=299&format=pjpg&auto=webp&s=a946b9771c37690cc59724fec4f522a18f7d3dec
• STORE AND PAY IN GOLD
Gold has been utilized to protect riches for a big range of years. The solidness of gold's lengthy haul acquiring energy is first-rate and higher than any trustee money.
• GOLD's Ethereum-based totally ERC20 Token
It is an effective and second approach to keep, purchase, sell or flow challenge grade gold. The Digital Gold token is truely what you need to purchase gold and keep it carefully with complete namelessness and ensured protection of your benefits in opposition to high instability and well worth misfortune.
Every GOLD Token is given using the Ethereum keen settlement and the degree of tokens available for use is continuously equivalent to the all outnumber of gold bars stored inside the vault. Furthermore, greater.

• HIGH LIQUIDITY
The token backer is a liquidity supplier that permits you to buy and promote a whole lot of tokens close to marketplace rates. The token holder can proper away purchase or reclaim tokens in this site or through accomplice trades.

• NO TRANSFER FEES
No fees on exchanges. Make the installments you need. GOLD may be applied as a prime component of your each day general or standard business exchanges.
Ease Low assistance fees contrasted with the expense of putting away gold in a financial institution with out coping with valuable steel stockpiling issues.

https://preview.redd.it/adv40m6ref941.jpg?width=300&format=pjpg&auto=webp&s=7b450970c8cfec389a44986869dfa3a3647babd5
• SAFE 100% supported via physical gold.
The degree of physical gold put away may be contrasted with the absolute wide variety of tokens progressively.
All exchanges are irreversible and there may be no actual manner to rectangular or limit your file because of the decentralized shape of blockchain innovation.

• PRIVACY
Possess gold, staying private. All other gold proprietorship options encompass the publicity of your character on the hour of procurement or reclamation.
To buy or promote any measure of GOLD, you simply need to present a intention pockets deal with.
The GOLD token is honestly what you need to buy gold and shop it cautiously with complete obscurity and ensured security of your benefits in opposition to excessive unpredictability and lack of significant worth.
As need to be obvious, It's Really crucial to have venture this manner, at the off chance that we look the task of Digital Gold is embraced, An Ethereum-based totally, ERC-20 token that clients can use to successfully purchase, promote, trade, keep, or pass idea grade gold.

These physical activities may be completed profitably and securely while shielding consumer anonymity. We ought to take into account that the ERC-20 GOLD token is Backed via bodily gold, set away inside the affiliation's sheltered vault.
So all liquidity is guaranteed, the DIGITAL GOLD token indicates up as a stablecoin, due to the fact its cost is authentically associated with the prevailing gold.

THE DIGITAL GOLD MARKETPLACE:

By making use of the Digital Gold Marketplace, clients can basically round out a structure that starts offevolved a incredible settlement, which at that point moves the recently stamped GOLD tokens.
The Marketplace is going approximately because the first-rate decision for GOLD token buys and offers, as it enables customers to do these exchanges right away. In mild of this, customers need to enter the overall they want to shop for and the ERC20 Ethereum where the tokens will be credited.
Clients are moreover allowed to enter discretionary subtleties, much like the BTC go back deal with, or e mail address for electronic mail-based confirmation of the purchase.
When it is absolutely practical, the Marketplace will bolster the two buys and offers of the GOLD token. Estimating information is constantly shown inside the Marketplace. After attending to it, capability customers gets the opportunity to peer the prevailing spot price of gold, charge tag, and reclamation fee, in both bitcoin (BTC) and ether (ETH).
You can also visit https://www.gold.storage/marketplace to make your trades. Or practically
Cryptex: https://cryptex.Internet/trade/GOLDUSD
Catex: https://www.Catex.Io/
Consbit: https://coinsbit.Io/trade/GOLD_USD
Livecoin: https://livecoin.Net/en/trading/GOLD_BTC

AGAINST MARKET VOLATILITY AND A GREAT WAY TO DIVERSIFY PORTFOLIO:

GOLD token is a low instability stable advanced useful resource. GOLD is upheld by way of physical gold and its value is pegged to the marketplace value of gold.
Furthermore an extremely good resource for portfolio broadening because of its straightforwardness wherein absolutely everyone can coordinate the amount of gave GOLD tokens against the measure of bodily gold in vault stockpiling held through our agency.
The GOLD token is a real secure paradise for digital money speculators within the midst of marketplace instability.

INTEREST IN GOLD TOKENIZED AND SIMPLIFIED BY GOLD:

GOLD token is a fantastic open door for financial specialists attempting to find a straightforward method to buy gold bullion bars and solid automatic resources. The estimation of GOLD is pegged to the gold market value and our basis empowers you to buy a straightforward and strong automated aid.
Owning a GOLD token is like proudly owning the physical gold as each GOLD token is upheld with the aid of gold bullion bars to guarantee the estimation of gave tokens. The acquisition of GOLD tokens takes only a couple of moments, which makes GOLD token possibly the most sincere approaches to hastily put resources into proper gold.
For more information, do check the links below:
Official Website: https://gold.Storage/ White paper: https://gold.Storage/wp.Pdf Telegram: https://t.Me/digitalgoldcoin Twitter: https://twitter.Com/gold_erc20 Medium: https://medium.Com/@digitalgoldcoin


Author: IFE2020 https://bitcointalk.org/index.php?action=profile;u=2395414
submitted by ife2020 to CryptoICONews [link] [comments]

RYZE | Frequently Asked Questions

Ryze fequently asked questions. Ryze makes it simple and safe to buy, sell, hold, and invest in BTC. Learn why Ryze is the best place to buy Bitcoin.
RYZE, Bitcoin
Ryze Financial Inc.’s services and publications are intended solely for information purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or sell or trade in any securities or currencies
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submitted by ryzecryptocoin to u/ryzecryptocoin [link] [comments]

Genesis Vision Review

Genesis Vision Review

https://preview.redd.it/nrbrb96i6in21.png?width=240&format=png&auto=webp&s=2792d16cbb58e45bf8d947cbde8b810b6e641534
Genesis Vision

Just one of those days…
Hmm, this looks like an interesting project. Chart looks good plus it didn’t really go up a lot the last couple of days, unlike the other coins. Or maybe it didn’t go up because there is something that I don’t know yet?

Let’s look online a bit longer to see if something fishy is going on before I buy some. The chart does look really good!
No, nothing out of the ordinary here, I think it might just not have gone up yet but it probably will. If Bitcoin manages to not drop double digit percentages out of nowhere today that is…

Seems to be close to resistance, and there are a couple BTC worth of sell orders at 140 sats, I’ll wait for that to break, and buy when it shows some strength.

Getting close now, let’s wait for it to break by gluing my face to the screen to watch the 1 minute chart.
There it goes! Ok, I’ll start with a small buy - Oh man It’s really going! Buy a little more - Market buy ALL the things!
What, no wait. No not again! Please, please no not again… Argh…

https://preview.redd.it/cup9237n6in21.png?width=256&format=png&auto=webp&s=91264c3cbfe10a0d9e699b1774a2e74b7d79bb49
Guess I will hold for a couple of days, don’t feel like taking a loss. It will probably rebound on the ‘resistance turned into support’ zone, right?
I am already watching this chart for 2 hours.. I should really go do something productive. Lets just set some sell orders here and here. That market buy order really got my buy-In high, close to a 2% loss at present. I Totally wasted this evening, and I am still in the red. How is that even possible?

Next morning
Let’s check my portfolio. Ah man the support didn’t hold, now what? Actually, it looks like this might even go lower now. This 130 sats support is really strong so I guess I’ll use that as a stop-loss.
- Stop loss triggered
Oh my god man, why am I always so unlucky? Close to a 5% BTC loss, besides the loss of time. Talking about Bitcoin, how’s the big guy holding up?
Hmm also looks weak to be honest. It’s dropping as we speak. Should I sell and rebuy lower? That could at least get me a bit of Bitcoin back. Yeah it’s really dropping now. The entire market is going down. Sell volume is increasing as well. I should really sell some. Whatever just sell it all.
Yeah, like I thought, it’s going lower. I’ll rebuy when it goes a little bit lower. There she goes! Just a little bit lower before I buy in, might just get me back all my lost BTC at least!
Bit of buying pressure going in now but that’s normal, nothing goes down, or up for that matter, the entire time. I will wait it out, got my buy-in set anyway.

Please stop going up. Please STOP going up. Oh my frikkin god, got to buy back higher now. No way, I won’t do that. I’ll wait for it to drop. This is unreal!
It won’t go back down. Why won’t it go back down?! Fine I’ll buy it back. Can’t believe it, I always lose, forget it, at least I will get some USD profits when I buy now – Market buy all the things!

https://preview.redd.it/vc5eg4vv6in21.png?width=259&format=png&auto=webp&s=5185cc6498524de856db27b2f4bfcb2568ae4ccb
NO WAY, IT’S GOING DOWN THE SECOND I BUY? HOW, WHY, WHAT THE HELL IS GOING ON?
The above is probably an experience that a lot of (retail) traders can relate to, and have probably gone through somewhere in their trading career, be it crypto or any stock, commodity, index or whatever else is possible to trade online.
It’s a common problem, and it is the reason why only a small percentage of people manage to ‘beat the market’. People simply have the internal emotional trigger to buy something when gains are in line of sight, and sell something when losses are made. The bars being green (good) and red (bad) also don’t really help with trying to shake off that feeling.

Genesis vision tries to solve this problem, giving people willing to invest in cryptocurrencies, forex and in the future probably commodities and indices, the possibility to invest in experienced, successful and hardened traders that have a solid track record, instead of taking the time and trading education (which some of those experienced traders say to be just as expensive in the end as a regular college degree, with all the losses and all) to get solid results themselves.

Obviously this already exists. You can give your money to for example hedge funds, private equity funds and nowadays even robo-advisors. But do they really get the biggest return on investment? Are you important enough to have the best trader in the company actually managing your account? Are you leaving your hard earned money at the company that hired the best traders at all? Or do they squander and play the above mentioned game themselves?

Who knows really. In the end, you give your money to a company that says it could, possibly, get you a whopping 7% return after a year. But only if everything goes right, the economy doesn’t implode or a stock they are too heavily invested in doesn’t go belly-up.
Scrap that, they will make a whopping 7% return, but they obviously need to take some of those profits for their fees. A entry fee, a profit-fee, some unforeseen fees, and the list goes on and on.

When you want to invest some of that money you earned after a long 40 hour workweek, it better be handled by the best, giving you the highest return on investment without any catch.

Transparency and clarity

Again, Genesis vision tries to solve this. How? By putting EVERY trade on the blockchain, giving extreme clarity in the trades made, and more importantly, the results of the trader or company (called Genesis Vision Manager). This means that people that want to invest their cash can decide for themselves who will handle their funds.

No more excuses why the expected return on investment wasn’t accomplished, or uncertainty if any of these companies are actually telling you the truth when it comes to the results they have had with your funds. No more sweeping the bad trades under the rug. We. Can. See. Your. Mistakes. And successes of course!

It creates extreme openness, and it gives a lot of power back to the consumer that wants to invest.
Most financial instruments are (deliberately made) so hard to grasp and confusing that most general investors don’t even want to bother, and just believe the suit with the impressive building and the nice car. But now you don’t even have to look up the terms collateralized mortgage obligation or the exotic inflation derivative. They have the option to simply look up the manager, his results, and his requirements to invest with (in) him or her.

https://preview.redd.it/ghu8t5p17in21.png?width=245&format=png&auto=webp&s=566cff3b153c97ead5c122ba7d775b2fabecd778
Genesis Vision gives the possibility to invest in both Funds and programs. The biggest difference being that investors can withdraw their profits from a fund at any time, while their funds are locked in a program until it ends, receiving a part of the profits made directly linked to the share of the pool they invested in.

However, if you are satisfied with your current manager, the program and the results so far, you can select the option to auto-invest your stake into the next program, getting that compounding interest effect rolling. Of course only when you have found the right manager to handle your funds!

A loss is obviously still a loss, and although Genesis Vision tries to limit the risk by implementing a tier system to filter managers by their previous results, you can never be sure you actually make gains on your investment. The same rules apply as to investing wherever else. Don’t put it all in one basket, only invest what you are willing to lose, do NOT take out loans or credit to invest and above all do your research before you enter into any program or fund!

The dashboard

https://preview.redd.it/j8k03ht37in21.png?width=550&format=png&auto=webp&s=9ef4f590ffb25518a293b87993afc205075da288
The Genesis Vision dashboard looks very appealing, going for a futuristic style that resonates with the entire crypto and financial sector. Investors are first shown a couple of filters to make the search for the right vehicle to invest in easy to accomplish. Below the first general filters investors can find the different programs with a vast array of stats available to make the right decision. However, there is a lot going on here, and it would be smart for Genesis to implement some kind of tutorial showing new investors what everything shown on the screen actually means.


After finding a program that matches your personal investing style regarding buy-in, duration of the program, entry fee and generally your risk tolerance, the people behind the program can be examined. Managers are able to tell a little bit about themselves and their investment style. Statistics and graphs of previous results are shown and this helps to get some reassurance, or lets you ignore a certain investment possibility. If everything seems to fit, and people are willing to pull the final trigger, they can invest with Bitcoin, Ethereum, Tether or their own Genesis Vision token.

The bottom line

Genesis Vision could be the instrument for (crypto)investors to try and maximize their profits, but for the regular amateur trader it will mostly help with erasing their beginner mistakes and trading losses. It gives back the power to the consumer and the client. Where normally the investing is done by traders on for example Wall Street, using complicated schemes to grab as much as possible of the retail investor who is taking all of the risk, Genesis Vision creates transparency, brutally rejects losing managers and lets investors get a honest and deserved piece of the pie.
It is yet another example of the power of cryptocurrencies and blockchain technology, disrupting one of the largest sectors worldwide.

That concludes this review! If you want to add anything or have questions, please feel free to comment below.

Are you feeling generous, and did you enjoy this article? I accept donations!

BTC: 369AyfgLtZ349omHgafUGkrNCGHLuhPGtx
ETH: 0xd74635002Af9e191665D2AaDD03921E7f1201387
LTC: MEvKQ1d4GYsyMjqYwizVb6RZmEUjDXj5ty
GVT: 0x9450d2c145a7758c1d2bcfd03a1374de90fea028

Connect with me on twitter: @BullishOnCrypts
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Cryptocurrency price analysis: waiting for a new rise

Cryptocurrency price analysis: waiting for a new rise

https://preview.redd.it/2bx1unugrpv31.png?width=900&format=png&auto=webp&s=7d5d842ae15e44eb592010bbf6c985cd519e0433
Leading RoboForex analyst Dmitry Gurkovsky tells about further possible scenarios of bitcoin price movement and several popular altcoins.
Buyers managed to show a good rebound up. At the moment, assets such as bitcoin and Bitcoin Cash look very interesting in the context of continued growth. Moreover, if the BCH/USD chart shows the formation of a reversal pattern inverted "Head and shoulders" in favor of growth, then BTC is still preparing to leave the channel and continue a confident upward movement.
Unfortunately, Ethereum, Litecoin and EOS assets are still under pressure. There are several signals from the daily charts in favor of a downward movement. However, if the bulls manage to break through the nearest resistance levels, then these assets will be ready to move to a phase of sustainable growth.
In General, the cryptocurrency market looks ready for the beginning of a new wave of growth. The bulls can only hold the current levels and rise a little higher to deprive the bears of all chances to continue the downward correction.

Bitcoin

Quotes showed an aggressive rebound from the support level. However, the price tested resistance in the form of a downtrend near the $9800 area. For a full extension of the lifting by the buyer it is important to "push out" rates are even higher.
A good signal in favor of the likely continuation of growth is the breakdown of the downward trend line on the RSI indicator. In most cases, there is a return to the broken line, after which we should expect continued growth. As the main trading idea, you can take a slight correction to the level of $7700, after which you can talk about a rebound and an upward movement.
The cancellation of this option would be the drop in prices of digital asset below $6875, which indicates a breakout of the lower border of the channel and continue falling.
Daily BTC/USD chart from TradingView
On the 4-hour chart, cryptocurrency quotes were able to leave the limits of the short-term downward channel. This signal is the first sign of a potential reversal of the current downward correction. However, confirmation of the completion of the fall will be a strong growth with a consolidation above the level of $10,995, which will indicate an exit beyond the downward channel. In this case, the target of the movement will be the $12,405 area.
The RSI indicator values again pushed off from the resistance level, so we should expect a decrease and a test of the broken channel border. After this movement, we can talk about the beginning of growth to the target at $10,995.

Four-hour BTC/USD chart from TradingView

Ethereum

Ethereum buyers also managed to keep quotes in the support area, which is located at $147. At the moment, the price has once again returned to the area between the moving averages, which may provoke an attempt to further decline.
In favor of this option is a rebound from the downward resistance line on the RSI indicator. As the main idea, we should expect a rebound from the lower border of the ascending channel and a continuation of the fall to the first target at $147. Its breakdown will open the way for the movement of quotations to the level of $100. The cancellation of the negative option will be the breakdown of the Moving averages and the consolidation of ETH/USB above the level of $239. In this case, we can talk about the continuation of the rise to the goal at $280.
Daily EUUSD chart from TradingView
On the 4-hour chart, the quotes are clamped within the descending channel. The RSI indicator values again test the resistance line, so we should expect a rebound and a fall in the quotes of the digital asset to the level of $150. In favor of this option, the upper limit of the descending channel will also be tested. The cancellation of the proposed forecast will be the breakdown of the resistance level and consolidation above $202, which will indicate the exit of quotations beyond the ascending channel. In this case, the goal of the rise will be the level of $239.
Four-hour EUUSD chart from TradingView

Litecoin

On the daily chart, the RSI indicator values test the resistance line. It is premature to talk about a reversal — as we can see, the pressure from the sellers remains. Moving averages also indicate a bearish trend. There are risks to see a rebound from the resistance level and another attempt to fall to the level of $41.
The cancellation of the negative option for the bulls will be a strong growth with a breakdown of the level of $79, which will indicate the return of quotes inside the ascending channel and the continuation of the rise to the first target at $107.
Daily LTC/USD chart from TradingView
At smaller time intervals Litecoin tests the upper boundary of the descending channel. As you can see, prices are repelled from the level of $64. The RSI indicator values here also tested the resistance line. As the main option, we should expect a fall to the level of $41. The cancellation of such a scenario will be the breakdown of the upper border of the descending channel. In this case, the growth target should be considered the $79 area.
TradingView's four-hour LTC/USD chart

EOS

EOS buyers are trying to turn the tide in favor of growth. However, here on the daily chart, the RSI indicator values test the resistance line. Previously, we have already seen a rebound from it, so while the values are lower, we should expect a fall in quotations.
The immediate target of the decline may be the area at the level of $2, the breakdown of which will indicate a movement to the level of $1.45. The cancellation of the option with a decrease will be a strong rise in the value of EOS and the consolidation of the asset price above the level of $4.29, which will also provoke a breakdown of the resistance line by the values of the RSI indicator. In this case, the growth target may be the $5.35 area.
Daily EUUSD chart from TradingView
At small time intervals, the quotes pushed off from the upper border of the descending channel. If the bears manage to increase the pressure, the $2.06 and $1.45 levels may be the target of the fall. In favor of this option, the resistance line test on the RSI indicator also speaks.
Confirmation of the fall will be the consolidation of EOS quotes under the level of $2.97. The cancellation of this scenario will be the breakdown of the upper border of the descending channel. In this case, the growth target will be $4.29 and $5.35.
Four-hour EUUSD chart from TradingView

Bitcoin Cash

On the daily chart, buyers managed to break through the downtrend line. The value of the RSI indicator has also strengthened above the resistance line. All these signals point to a potential continuation of growth towards the first target at $355. The breakdown of this area will give impetus to the movement to the level of $457.
However, we should not exclude the development of a minor correction with the test of a broken trend line on the RSI indicator. The target of the correction may be the $245 area. The cancellation of the option with growth will be the fall and breakdown of the local minimum with the consolidation of quotations under the level of $200. In this case, we should expect a decline in the price to the level of $165.45.
Daily BCH/USD chart from TradingView
On the 4-hour chart, the quotes also fixed above the short-term descending channel. It is not necessary to exclude attempts of formation of the inverted model "Head and shoulders". As you can see, the price is enough to fall to the level of $245 to complete the formation of the right" shoulder " of the model, after which we should expect the beginning of a strong growth.
A good signal for the continuation of the rise will be the consolidation of the price above the level of $335.2. Cancellation option growth will drop and the breakdown of support level with closing prices below the level of $199, which is expected to continue falling.
TradingView's four-hour BCH/USD chart
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Consensus Network EP36: Buy, Borrow and Die: Bitcoin Style

Catch the full episode: https://www.consensusnetwork.io/podcastepisodes/2019/10/5/ep36-buy-borrow-and-die-bitcoin-style-1
Buck: Welcome back to the show everyone. Today my guest on Wealth Formula Podcast is Zack Prince. He's Founder and CEO of BlockFi. BlockFi bridges the gap between blockchain and the basic financial products that you're used to including interest-bearing accounts and loans. Zack, welcome to Wealth Formula Podcast. I think you we might have had you on before as a Consensus Network replay but first time on Wealth Formula Podcast specifically, so welcome.
Zac: Yeah, excited to be here, Buck. Thanks for having me. And it's good to chat with you again
Buck: Yeah so remind me how you got into this you know Bitcoin stuff in the first place, I mean you were as I understand you were a traditional finance guy right so where did the blockchain part come in?
Zac: Sure so I was I was working at a company in the FinTech world that provided data and technology solutions to institutional investors that wanted to participate in some of the new online lending platforms, whether they were real estate platforms or consumer lending platforms, and I kind of became the FinTech guy amongst my friend group and people would ask me you know should I invest in these real estate deals on fund rise or buy loans from Lending Club and I started writing a blog to share the information more efficiently with my friends basically and I started expanding a little bit writing about Robo advisory and some other things that were going on in the FinTech space and that's what led me to Bitcoin, and this is back in early 2015. I didn't start BlockFi until 2017 because I started following the market in the background, still working in traditional financial services in FinTech and then in early 2017 it started to feel like mainstream adoption was starting to happen in the crypto ecosystem. I'm started going to some meetups in New York City because at a certain point my wife said Zac, you're talking about crypto all the time and you're talking to me about it and I don't want to talk about it so you should find some other people to talk about this with. And the meetup composition started to change and in 2016 when I started going to these meetups it was the early crypto adopters you know libertarians, computer scientists and then in early 2017 I started to see some venture capitalists, some guys who had just left their job at Wall Street still wearing a suit, some more entrepreneurs and it was a really exciting time in the ecosystem, things like the Enterprise Ethereum Alliance were getting announced which had participation microsoft and a lot of other you know fortune 500 companies and I had started to believe in it. I was drinking the kool-aid a little bit so I decided to find a way to get involved in the space full-time and that's what led me to start BlockFi.
Buck: So I have to imagine that the response you got from the traditional finance people around that time when you started talking about the blockchain space and when you started being more and more involved with that was probably not a very positive response initially or did you did you experience some of that sort of you know rejection initially to what you were doing?
Zac: Yeah absolutely. But you know throughout my career this is now kind of the third emerging technology industry that I've worked in. I was originally an advertising technology starting like you know 15 years ago and I was in FinTech specifically the online lending side of FinTech which in its early days was called peer-to-peer lending and now in crypto. So having to do a lot of education explain it you know why something isn't crazy and it might work and here's why and here's the value proposition and here's what it is, I've gotten very used to that and comfortable with it. But yeah there were a lot of people who are like you know I've heard Bitcoin is only used by drug dealers and money launderers. I've heard that I'm supposed to care about blockchain and not Bitcoin. And you know at BlockFi we’re providing financial products into the market so it's a heavily regulated business so we also had to communicate with regulators. We had to explain to state regulators, federal regulators why what we were doing with Bitcoin and other cryptos than when you're doing these same types of things with assets that they're more familiar with.
Buck: So when you were talking to people back in, I don't know I guess 2016/17 and it's not a long time ago, it's only two years ago, but I have to imagine that the response or the you know the approach that people take to you when you speak to investors is very different. Has it become more mainstream in that regard for you know for big money investors?
Zac: It's absolutely become more mainstream you know the end of 2017 Q3/Q4. Point was going on that parabolic run it started to get covered everywhere, I mean it was on CNBC every day it was in Bloomberg New York Times Wall Street Journal. If you were paying attention to the financial industry and markets you heard about Bitcoin at that time if you hadn't heard about it before. So from a baseline of awareness perspective it got a lot better and then in 2018 you had a number of positive developments for the sector including one that I think is probably the most noteworthy which is that Bitcoin futures were listed on the CME the institutional investor perspective that's massive. You now have a well regulated well known super trustworthy venue where you can get exposure to this asset class, you also had companies like Grayscale bringing products to the market which are accessible to certain types of investors and their low bridge accounts and you started to see some adoption from companies like FinTech companies like Robin Hood and Square making Bitcoin available on their platforms. So the conversation has absolutely changed a lot and it's become less about whether or not this is something that's going to continue to exist whether or not it's something that was just a bubble and is going to die and now it's more about ok how is it going to get used how big could it get what are the interesting applications of it and what could have potentially disrupt in the traditional financial ecosystem.
Buck: So you know we had obviously following this you know pop in 2017, you know I actually like you kind of really got into this early 2017 so timing was pretty good I guess now regards. Good or bad depending how you look at it but I was there before before the parabolic move. And then we have you know then we followed this up with a crypto winter and and you know who knows if we're done with it, I guess we certainly are much better off than we were. You know a unit buddy it's funny Zac I don’t know if you remember this but I was about to, we'll talk about BlockFi specifically in a minute but, I was about to use BlockFi for borrowing because I like this idea of borrowing you know collateralized debt and collateralized debt on assets and buying something else. So I was about to do it and then Bitcoin lost a clip and I was like literally and I remember I was just emailing with somebody somebody over there and I was like sorry dude I guess I just sold it, I just sold all that Bitcoin I had and you sent one email back to me and it said “capitulation” but it you know and so now we're looking back at these we go down from 3,000 back up you know been sort of flirting around this 10,000 and it seems like we're kind of maybe that we're stuck there, maybe we're kind of out of winter, maybe we're in a holding pattern but it seems like to me that since that two years not only is the awareness increase but the development of the ecosystem itself is so much further advanced than it was in 2017. Is this an unusual case where the technology and maybe even the infrastructure is actually outpacing the price?
Zac: You know it's really hard to say. I would argue that in some ways it's typical. In other industries that showed a lot of promise where investors could you know participate maybe a little bit ahead of the adoption curve you saw crazy price run ups with the tech bubble and you know ‘99-2000 being the one that's kind of top of mind in recent memory and then on the other side of things, are we behind where the price should be now? It's really hard to say because this is kind of like a commodity type asset built on a payment network and valuing that is challenging and there's not a perfect model for for doing it today. It's not as easy as something that's cashflow producing but I'm incredibly bullish. I'm on record as saying at the beginning of this year that Bitcoin has only had one year in its 10-year existence where it had a lower low than the year before and parted this year around the low price for 2018 and I predicted that we would in the year had a higher price than where we started the year pretty soon and now we're up and you know around 300 percent from where we started the year. As that happens in investing is people frequently look at things on a year-to-year performance basis and when people are looking at Bitcoin even if all we do is stay around 10 K from here when they're looking at how Bitcoin performed rather than other relative to other assets at the end of 2019 it's probably going to look fantastic. And you also have an event coming up and in the summer of next year called The Halvening where basically the supply that's produced by miners is going to get cut in half and so if you believe in the stock the flow type models of valuation for Bitcoin that is usually a very big driver of price appreciation.
Buck: I believe May of 2020, right?
Zac: That's right.
Buck: In May of 2020. Can you just talked a little bit about that just so people know because people hear about it, I've been talking about it but I don't think that it really explained it.
Zac: Yeah and you know I'm not I'm not a computer scientist so I can explain it in a you know in a very simple…
Buck: No one else here is either.
Zac: So basically the way that new Bitcoin is created is through this process called mining. And it's analogous to mining gold except instead of finding a place in the earth where gold exists and then getting your trucks and mining equipment and digging it out of the ground, the way bitcoin is mined is using this computer program and there is now specialized computer hardware that's built specifically and optimized for mining Bitcoin. And you have this network of machines around the world where the input is energy into the mining hardware and the output is new Bitcoin and those miners are what provides the power for the payment network a Bitcoin to run and when we say that there is this event called The Halvening, what that basically means is that the output that's built into the Bitcoin program that the miners are receiving as their payment for contributing energy to the network, is going to get cut in half. So the miners are going to have the same you know relative input but the amount that they're receiving is going to get cut in half for that input. This should, if the demand side for Bitcoin remains equal, it should drive up the price and historically Bitcoin has had three of these Halvening events in its lifetime so far I believe and around each Halvening you have seen you know six months before or six months after a pretty material run up in price.
Buck: Yeah so it also goes along with that sort of that the entire idea that Bitcoin unlike you know other assets including gold is it's a deflationary asset ultimately and and that's one of the things that makes that happening really significant. Apart from and I have one more question before we get to block five which is apart from the Halvening, you know thing that's happening, what is maybe the biggest development or upcoming thing that's coming up that makes you the most bullish on the future of Bitcoin or blockchain in general?
Zac: Sure so I think I wouldn't actually point to any one specific thing, I would point to two broad trends. So one is institutional adoption and participation in the asset class and the other is better ramps for retail participation into the asset class and just focusing here you know on the US market because it really is an international story but just in the US market. In September we should have Bakkt launching their futures platform. Bakkt is owned by ICE, the Intercontinental Exchange, and there's a big core difference between their futures and the current futures that are available on the CME in that futures on Bakkt platform are going to be physically settled so that means that actual Bitcoin is going to be needed to facilitate the trading on Bakkt’s platform which does not happen on CMEs exchange so that's that should be a very positive catalyst in terms of demand for physical Bitcoin that could have an impact on the price. Also on the institutional side this year I believe earlier this year, the first pension fund made an investment into an asset management vehicle that was focused on investing in Bitcoin and private equity opportunities in the Bitcoin and blockchain sector. So that will be a trend.
Buck: Which pension fund was it?
Zac: It was in North Carolina so I think it was like the North Carolina Firefighters and the group that raised the money from them was Morgan Creek Digital it’s actually invested in BlockFi by Anthony Pompliano Twitter and Mark Yusko so that's on the institutional side. And then on the retail side you've seen FinTech companies like Square and Robin Hood offer Bitcoin trading to their users. But soon you will also have companies like TD Ameritrade E-Trade and others offer Bitcoin to their users sometimes be a partnership sometimes because they've built it directly. You also at some point might see progress made in terms of an ETF getting approved that would give retail investors in the US market exposure to Bitcoin in a really easy and familiar way. All of those things are tremendously positive catalysts and the caliber of people working on them only continues to increase. Talent was attracted into the sector very, very rapidly these days.
Buck: You know one question that leads me to is that all of this is happening with Bitcoin for the most part. Are alt coins in your opinion is that market coming back or is that something that we're gonna see probably select you know group of tokens projects emerge and then the rest will kind of just get left in the dust, what do you think?
Zac: I mean I'll tell you exactly what I'm doing with my portfolio and then I'll provide a bit more color. So my asset allocation in the crypto side of my investing is I'm like 90% Bitcoin 5% Ethereum and 5% B&B; which is the Binance right. So I'm super bullish on Bitcoin. I think that you know there's a chance that Ether makes a comeback specifically I think that a lot of the stable coins that have been launched have been built on Ethereum if you're not familiar with stable coins it's basically the concept of a dollar but on a blockchain which could be really really powerful because it creates the opportunity for the delivery of US dollar denominated financial services at a global scale not using the traditional banking rails. And then B&B; I mean Binance is the biggest and most successful exchange they have a history of innovating, creating new products, going fast and so I'm taking a bit of a flyer with them but I'm 90% Bitcoin. I don't think that I'm not bullish on any of the other all coins frankly I struggle to see you know the big upside I have heard whispers in the community that there's kind of like a new wave of altcoins 3.0 might emerge, you know could see some some good returns similar to what some of the ICOs did in 2017 but it's not an area of focus for me. So that's my view.
Buck: Yeah let's talk about BlockFi. Remind us exactly what BlockFi is.
Zac: Sure so we're a wealth management platform for crypto investors. Today we have two products that we offer. One product is analogous to a savings account from a traditional bank where you're able to earn interest on your holdings except on BlockFi, the assets instead of being dollars are bitcoin and Ether and we don't have FDIC insurance so it's not exactly the same risk profile as a savings account at a bank, but conceptually you're able to hold Bitcoin and an account with BlockFi and earn interest on it paid in Bitcoin every month. That's one product that we have. The second product that we have which you are alluding to earlier offers our clients the ability to borrow dollars secured by the value of their cryptocurrency and it's analogous to a securities backed loan or a liquidity access line in the traditional world except instead of securities we're taking Bitcoin or other digital assets as collateral and lending it rates as low as four point five lending USD that rates as low as four point five percent a year.
Buck: I wanna pick these apart a little bit if you don't mind. In terms of this savings account first of all is it just bitcoin or is it bitcoin, Ethereum?
Zac: We actually support three assets in the interest account currently Bitcoin, Ether and GUSD which is the stable coin from Gemini.
Buck: Got it. And talk about the interest because it's not one flat interest rate right it's different depending on how much cryptocurrency actually is held?
Zac: Correct so there's a tiered interest rate structure. Currently on Bitcoin for balances up to ten Bitcoin, we offer a six point two percent annual yield and for balances above ten Bitcoin it's a 2.2 percent annual yield. On Ether, for balances up to two hundred Ether it's a 3.3 percent annual yield and balances above two hundred Ether is 0.5% annual yield and for GUSD the stable coin it's an eight point six percent interest rate with no tier so yeah those are the different rates.
Buck: Why did, I mean was it just a matter of like an issue with people dumping like a thousand Bitcoin and trying to get six you know 6% of that, was it just too hard to you know make that a long-term part of the business model or why did the higher levels end up changing to a lower rate?
Zac: Sure so I wanted to function of market conditions and to it's a function of supply and demand. So we launched the interest account in March of this year. We were just starting to come out of the bear market and one of the things that happened as we switched from being in a bear market to being in a bull market is the futures switched from being in backwardation to contango which basically means that our institutional borrowers the groups that we lend to that enable us to pay the rate to depositors had less of a need they had less demand to borrow and they were willing to pay lower rates to borrow crypto than they were when we were building and planning to launch this product. The second thing that happened is we were surprised to the upside in terms of the level of interest that we received from depositors and especially depositors with very large sums of cryptocurrency. So to give you an example you know within a day or two of making the product available publicly, we had a number of groups that were depositing 5, 10, 15, 20 million dollars worth of Bitcoin and so the supply-demand that we have to manage is, the amount that we have on deposit relative to the size of this market that will borrow Bitcoin size of the market that will borrow Bitcoin is partially a function of market sentiments partially a function of number of trading venues and the liquidity profile and it's partially a function of you know BlockFi’s efforts in terms of sales and client development relationship management. So the supply side got a little bit ahead of the demand side on deposit and how much there was available to borrow so we made a few tweaks. We want to keep the 6%, 6.2% rate on Bitcoin available to as many people as possible for as long as possible so that's why we went with the tiered structure where we made it available on balances up to 10 and reduced it for balances above that.
Buck: Got it and the interest on that, when you say 6.2 percent that six point like it's all denominated in Bitcoin, you're not paying cash out right?
Zac: Correct so to use round numbers to provide an easy example you start on January first with a hundred Bitcoin in an account, by the subsequent January first you will have 106 point 2 Bitcoin in your account.
Buck: Yeah and that that's kind of neat too because then you're you know you're also getting potentially the upside of that you know I mean they made 6% but if you if you're really bullish on the market you could be potentially looking at a lot more than 6% on your money. How about in terms of the, is there like a you know do you do it sort of a month-to-month or six month or month you know year-long contracts for these things?
Zac: It's month-to-month. So the rates are subject to change on a monthly basis. We provide notifications at least a week in advance before the end of one month on what the rates will be for the subsequent month and people are able to you know withdraw any time without penalty. We reserve up to 7 days to process withdrawals but we've never taken more than one business day to process a withdrawal so they're pretty quick but not instant for security reasons and yeah it's pretty flexible.
Buck: How about the lump in the lending side how does how does that work? So now I've got like 10 Bitcoin and so I would deposit that I guess and you guys I understand that maybe that that goes into like a Gemini account or something, is that still how it works?
Zac: Correct so we have a partnership with Gemini for custody. So when you log into a BlockFi account you'll have a deposit address. When you send Bitcoin to that deposit address it actually goes directly into storage with Gemini. Gemini was the first custodian in the crypto sector to receive insurance against cyber hacks on their platform. They were also the first custodian to get to complete a SOC 2 compliance audit and they have a really long track record of custody billions of dollars worth of crypto without ever having any issues. So it goes directly to Gemini and then you're able to interact with block-wise platform to take any actions that you might deem necessary. So you can view your interest payments you can withdraw you can deposit more you can also take out a loan. So in terms of taking out a loan, if you have ten Bitcoin that's worth roughly a hundred thousand US dollars at this point in time, you can borrow up to fifty percent of that value in a US dollar loan which can be funded be a wire or stable coin and then the structure of those loans is that you make interest-only payments on the amount that you borrowed throughout the duration and you can prepay at any time without penalty.
Buck: And what's the typical you said it was four point six.
Zac: We have interest rates as low as four point five. The interest rates on borrowing USD vary according to your initial loan to value ratio. So if you have a hundred thousand dollars worth of Bitcoin we actually have three loan-to-value ratio options. You can borrow at a 50 percent initial loan-to-value ratio which would mean you're borrowing 50k, the interest rate on that will be eleven point two five, if you borrow thirty five percent of the value so 35k the interest rate is seven point nine, and if you borrow twenty five percent of the value of the interest rate is four point five percent per year.
Buck: Got it. In terms of you know the technical, so you basically pay that on a month-to-month basis and then in terms of contracts, are those also month-to-month loans or how does that work?
Zac: Those are one-year term loans well now it's the ability to renew without repaying the principal at the end of the term at current rates and our rates for those loans have always come down so far. So it's a one-year term loan BlockFi committed for a year at that rate your payments stay the same but you can prepay at any time without penalty.
Buck: Right. When do you do when would you do an actual sort of I guess a cap will call like what loan-to-value because you can go up to say you're borrowing at you know you're borrowing at the lowest rate you know you're at 4.5% you're borrowing see you know just for round numbers 100 Bitcoin you borrowed or you said 10 Bitcoin hundred thousand dollars but you only borrowed twenty-five thousand dollars at four point five percent, what if Bitcoin you know loses 50 percent of its value then what happens?
Zac: Well you wouldn't have a margin call based on on that example. If your loan to value ratio hits 70 percent that's when we have a margin call and the way the margin call works is our clients have the option to either post more collateral, pay down the loan using USD or some of the collateral that's posted for the loan or take no action. If they take no action there's a 72-hour window where we'll wait to see if the price recovers, if it does then no action is required, if the price keeps going down further then we will initiate a partial collateral sale to rebalance that LTV to a healthy level at the end of that window.
Buck: So in terms of the clients that you see doing this kind of stuff, I mean who are you seeing borrowing because you don't have a cap I mean you can on the borrow side, I mean and the rates don't really change like if you're depositing a hundred Bitcoin you're getting the same rate differences as somebody who's depositing ten for borrowing right?
Zac: That's right.
Buck: So who are the people who are putting I mean what are these businesses that are putting are using these loans who are the typical clients?
Zac: Sure so it's a mix of retail and corporate. On the retail side we actually did a survey recently on use cases and the number one use case about a third of our borrowers expressed is that they were using the funds that they borrowed to start a business, which we were really excited about. So the other popular use cases were investing in real estate, investing in other types of traditional assets like stocks and bonds, home improvement, larger purchases, vacations were all used cases, paying down higher cost debt was another use case, and then on the corporate side the loans are used for operating capital. So we have some mining companies that borrow from BlockFi. Other types of companies who you know maybe have crypto denominated inventory like exchanges or crypto ATM businesses our frequent borrowers from BlockFi and our loan sizes rearranged from you know as low as five thousand dollars all the way up to seven figures. So it's a pretty diverse group of borrowers.
Buck: So recently it sounds like you guys partnered with another company called Casa. What is Casa and I guess how does that benefit both companies?
Zac: Sure. So Casa is a leader in fighting self sovereign storage solutions for cryptocurrency owners so if you're alone that owns Bitcoin and to use a gold analogy. If you want to own gold but you keep it in your vault or in your backyard you want to have physical possession of it yourself if you want to do that same type of custody with Bitcoin. Casa has a solution that makes that really easy. Our partnership with Casa provides mutual benefits to clients on either side. So Casa clients are able to receive some discounts in terms of accessing BlockFi products and vice-versa BlockFi clients are able to receive discounts in terms of accessing kasam products and over time we'll build some things in to the user experience specifically on Casa’s platform that will make it you know a bit more seamless to interact with BlockFi products while you're on their platform. In general that partnership strategy is something that you'll see more of we think there are in the ecosystem that are specializing in areas that BlockFi's not focused on and doing things where we can provide benefits to clients on both sides is a win-win for us then and our clients.
Buck: Last thing I want to ask you about, last time I spoke to you, you had talked about the idea of potentially Bitcoin backed credit cards meaning like you know getting Bitcoin back instead of miles or dollars back. You guys any closer to that, because I definitely want one of those cards.
Zac: I'm so glad you brought it up. We're definitely closer, but we're not you're not going to have the card until like Q3 of next year probably. It's getting worked on, these things you know for better or worse they take a long time launching a credit program is no small feat you know we're working on it. We've identified some of the key partners that we'll be working with to bring that product to market it is going to happen and I share your sentiment like I wish I had it now.
Buck: Yeah seriously that'd be great. Well listen it was great talking you. So it's BlockFi.com and it's spelled like block and then fi and tell us you know tell us the process of doing is pretty simple okay how long does it take to apply for these things…
Zac: Yeah I mean nothing takes any time really. So you could come in and start earning interest and get a loan from us all in under five minutes. And we also have a client service team that's super responsive in in terms of communication however you want to communicate with them, over email, over the phone, over text message so you know don't don't hesitate to reach out to us. We're also on twitter. My twitter handle is BlockFiZac and our company twitter handle is @therealBlockFi so we're very active on those platforms and happy to chat with you there as well.
Buck: Zac Prince, thank you very much for being on Wealth Formula Podcast today.
Zac: Thanks for having me, Buck, I appreciate it.
Buck: We’ll be right back.
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Wealth Formula Episode 179: Buy, Borrow and Die: Bitcoin Style

Catch the full episode: https://www.wealthformula.com/podcast/179-buy-borrow-and-die-bitcoin-style/
Buck: Welcome back to the show everyone. Today my guest on Wealth Formula Podcast is Zack Prince. He's Founder and CEO of BlockFi. BlockFi bridges the gap between blockchain and the basic financial products that you're used to including interest-bearing accounts and loans. Zack, welcome to Wealth Formula Podcast. I think you we might have had you on before as a Consensus Network replay but first time on Wealth Formula Podcast specifically, so welcome.
Zac: Yeah, excited to be here, Buck. Thanks for having me. And it's good to chat with you again
Buck: Yeah so remind me how you got into this you know Bitcoin stuff in the first place, I mean you were as I understand you were a traditional finance guy right so where did the blockchain part come in?
Zac: Sure so I was I was working at a company in the FinTech world that provided data and technology solutions to institutional investors that wanted to participate in some of the new online lending platforms, whether they were real estate platforms or consumer lending platforms, and I kind of became the FinTech guy amongst my friend group and people would ask me you know should I invest in these real estate deals on fund rise or buy loans from Lending Club and I started writing a blog to share the information more efficiently with my friends basically and I started expanding a little bit writing about Robo advisory and some other things that were going on in the FinTech space and that's what led me to Bitcoin, and this is back in early 2015. I didn't start BlockFi until 2017 because I started following the market in the background, still working in traditional financial services in FinTech and then in early 2017 it started to feel like mainstream adoption was starting to happen in the crypto ecosystem. I'm started going to some meetups in New York City because at a certain point my wife said Zac, you're talking about crypto all the time and you're talking to me about it and I don't want to talk about it so you should find some other people to talk about this with. And the meetup composition started to change and in 2016 when I started going to these meetups it was the early crypto adopters you know libertarians, computer scientists and then in early 2017 I started to see some venture capitalists, some guys who had just left their job at Wall Street still wearing a suit, some more entrepreneurs and it was a really exciting time in the ecosystem, things like the Enterprise Ethereum Alliance were getting announced which had participation microsoft and a lot of other you know fortune 500 companies and I had started to believe in it. I was drinking the kool-aid a little bit so I decided to find a way to get involved in the space full-time and that's what led me to start BlockFi.
Buck: So I have to imagine that the response you got from the traditional finance people around that time when you started talking about the blockchain space and when you started being more and more involved with that was probably not a very positive response initially or did you did you experience some of that sort of you know rejection initially to what you were doing?
Zac: Yeah absolutely. But you know throughout my career this is now kind of the third emerging technology industry that I've worked in. I was originally an advertising technology starting like you know 15 years ago and I was in FinTech specifically the online lending side of FinTech which in its early days was called peer-to-peer lending and now in crypto. So having to do a lot of education explain it you know why something isn't crazy and it might work and here's why and here's the value proposition and here's what it is, I've gotten very used to that and comfortable with it. But yeah there were a lot of people who are like you know I've heard Bitcoin is only used by drug dealers and money launderers. I've heard that I'm supposed to care about blockchain and not Bitcoin. And you know at BlockFi we’re providing financial products into the market so it's a heavily regulated business so we also had to communicate with regulators. We had to explain to state regulators, federal regulators why what we were doing with Bitcoin and other cryptos than when you're doing these same types of things with assets that they're more familiar with.
Buck: So when you were talking to people back in, I don't know I guess 2016/17 and it's not a long time ago, it's only two years ago, but I have to imagine that the response or the you know the approach that people take to you when you speak to investors is very different. Has it become more mainstream in that regard for you know for big money investors?
Zac: It's absolutely become more mainstream you know the end of 2017 Q3/Q4. Point was going on that parabolic run it started to get covered everywhere, I mean it was on CNBC every day it was in Bloomberg New York Times Wall Street Journal. If you were paying attention to the financial industry and markets you heard about Bitcoin at that time if you hadn't heard about it before. So from a baseline of awareness perspective it got a lot better and then in 2018 you had a number of positive developments for the sector including one that I think is probably the most noteworthy which is that Bitcoin futures were listed on the CME the institutional investor perspective that's massive. You now have a well regulated well known super trustworthy venue where you can get exposure to this asset class, you also had companies like Grayscale bringing products to the market which are accessible to certain types of investors and their low bridge accounts and you started to see some adoption from companies like FinTech companies like Robin Hood and Square making Bitcoin available on their platforms. So the conversation has absolutely changed a lot and it's become less about whether or not this is something that's going to continue to exist whether or not it's something that was just a bubble and is going to die and now it's more about ok how is it going to get used how big could it get what are the interesting applications of it and what could have potentially disrupt in the traditional financial ecosystem.
Buck: So you know we had obviously following this you know pop in 2017, you know I actually like you kind of really got into this early 2017 so timing was pretty good I guess now regards. Good or bad depending how you look at it but I was there before before the parabolic move. And then we have you know then we followed this up with a crypto winter and and you know who knows if we're done with it, I guess we certainly are much better off than we were. You know a unit buddy it's funny Zac I don’t know if you remember this but I was about to, we'll talk about BlockFi specifically in a minute but, I was about to use BlockFi for borrowing because I like this idea of borrowing you know collateralized debt and collateralized debt on assets and buying something else. So I was about to do it and then Bitcoin lost a clip and I was like literally and I remember I was just emailing with somebody somebody over there and I was like sorry dude I guess I just sold it, I just sold all that Bitcoin I had and you sent one email back to me and it said “capitulation” but it you know and so now we're looking back at these we go down from 3,000 back up you know been sort of flirting around this 10,000 and it seems like we're kind of maybe that we're stuck there, maybe we're kind of out of winter, maybe we're in a holding pattern but it seems like to me that since that two years not only is the awareness increase but the development of the ecosystem itself is so much further advanced than it was in 2017. Is this an unusual case where the technology and maybe even the infrastructure is actually outpacing the price?
Zac: You know it's really hard to say. I would argue that in some ways it's typical. In other industries that showed a lot of promise where investors could you know participate maybe a little bit ahead of the adoption curve you saw crazy price run ups with the tech bubble and you know ‘99-2000 being the one that's kind of top of mind in recent memory and then on the other side of things, are we behind where the price should be now? It's really hard to say because this is kind of like a commodity type asset built on a payment network and valuing that is challenging and there's not a perfect model for for doing it today. It's not as easy as something that's cashflow producing but I'm incredibly bullish. I'm on record as saying at the beginning of this year that Bitcoin has only had one year in its 10-year existence where it had a lower low than the year before and parted this year around the low price for 2018 and I predicted that we would in the year had a higher price than where we started the year pretty soon and now we're up and you know around 300 percent from where we started the year. As that happens in investing is people frequently look at things on a year-to-year performance basis and when people are looking at Bitcoin even if all we do is stay around 10 K from here when they're looking at how Bitcoin performed rather than other relative to other assets at the end of 2019 it's probably going to look fantastic. And you also have an event coming up and in the summer of next year called The Halvening where basically the supply that's produced by miners is going to get cut in half and so if you believe in the stock the flow type models of valuation for Bitcoin that is usually a very big driver of price appreciation.
Buck: I believe May of 2020, right?
Zac: That's right.
Buck: In May of 2020. Can you just talked a little bit about that just so people know because people hear about it, I've been talking about it but I don't think that it really explained it.
Zac: Yeah and you know I'm not I'm not a computer scientist so I can explain it in a you know in a very simple…
Buck: No one else here is either.
Zac: So basically the way that new Bitcoin is created is through this process called mining. And it's analogous to mining gold except instead of finding a place in the earth where gold exists and then getting your trucks and mining equipment and digging it out of the ground, the way bitcoin is mined is using this computer program and there is now specialized computer hardware that's built specifically and optimized for mining Bitcoin. And you have this network of machines around the world where the input is energy into the mining hardware and the output is new Bitcoin and those miners are what provides the power for the payment network a Bitcoin to run and when we say that there is this event called The Halvening, what that basically means is that the output that's built into the Bitcoin program that the miners are receiving as their payment for contributing energy to the network, is going to get cut in half. So the miners are going to have the same you know relative input but the amount that they're receiving is going to get cut in half for that input. This should, if the demand side for Bitcoin remains equal, it should drive up the price and historically Bitcoin has had three of these Halvening events in its lifetime so far I believe and around each Halvening you have seen you know six months before or six months after a pretty material run up in price.
Buck: Yeah so it also goes along with that sort of that the entire idea that Bitcoin unlike you know other assets including gold is it's a deflationary asset ultimately and and that's one of the things that makes that happening really significant. Apart from and I have one more question before we get to block five which is apart from the Halvening, you know thing that's happening, what is maybe the biggest development or upcoming thing that's coming up that makes you the most bullish on the future of Bitcoin or blockchain in general?
Zac: Sure so I think I wouldn't actually point to any one specific thing, I would point to two broad trends. So one is institutional adoption and participation in the asset class and the other is better ramps for retail participation into the asset class and just focusing here you know on the US market because it really is an international story but just in the US market. In September we should have Bakkt launching their futures platform. Bakkt is owned by ICE, the Intercontinental Exchange, and there's a big core difference between their futures and the current futures that are available on the CME in that futures on Bakkt platform are going to be physically settled so that means that actual Bitcoin is going to be needed to facilitate the trading on Bakkt’s platform which does not happen on CMEs exchange so that's that should be a very positive catalyst in terms of demand for physical Bitcoin that could have an impact on the price. Also on the institutional side this year I believe earlier this year, the first pension fund made an investment into an asset management vehicle that was focused on investing in Bitcoin and private equity opportunities in the Bitcoin and blockchain sector. So that will be a trend.
Buck: Which pension fund was it?
Zac: It was in North Carolina so I think it was like the North Carolina Firefighters and the group that raised the money from them was Morgan Creek Digital it’s actually invested in BlockFi by Anthony Pompliano Twitter and Mark Yusko so that's on the institutional side. And then on the retail side you've seen FinTech companies like Square and Robin Hood offer Bitcoin trading to their users. But soon you will also have companies like TD Ameritrade E-Trade and others offer Bitcoin to their users sometimes be a partnership sometimes because they've built it directly. You also at some point might see progress made in terms of an ETF getting approved that would give retail investors in the US market exposure to Bitcoin in a really easy and familiar way. All of those things are tremendously positive catalysts and the caliber of people working on them only continues to increase. Talent was attracted into the sector very, very rapidly these days.
Buck: You know one question that leads me to is that all of this is happening with Bitcoin for the most part. Are alt coins in your opinion is that market coming back or is that something that we're gonna see probably select you know group of tokens projects emerge and then the rest will kind of just get left in the dust, what do you think?
Zac: I mean I'll tell you exactly what I'm doing with my portfolio and then I'll provide a bit more color. So my asset allocation in the crypto side of my investing is I'm like 90% Bitcoin 5% Ethereum and 5% B&B; which is the Binance right. So I'm super bullish on Bitcoin. I think that you know there's a chance that Ether makes a comeback specifically I think that a lot of the stable coins that have been launched have been built on Ethereum if you're not familiar with stable coins it's basically the concept of a dollar but on a blockchain which could be really really powerful because it creates the opportunity for the delivery of US dollar denominated financial services at a global scale not using the traditional banking rails. And then B&B; I mean Binance is the biggest and most successful exchange they have a history of innovating, creating new products, going fast and so I'm taking a bit of a flyer with them but I'm 90% Bitcoin. I don't think that I'm not bullish on any of the other all coins frankly I struggle to see you know the big upside I have heard whispers in the community that there's kind of like a new wave of altcoins 3.0 might emerge, you know could see some some good returns similar to what some of the ICOs did in 2017 but it's not an area of focus for me. So that's my view.
Buck: Yeah let's talk about BlockFi. Remind us exactly what BlockFi is.
Zac: Sure so we're a wealth management platform for crypto investors. Today we have two products that we offer. One product is analogous to a savings account from a traditional bank where you're able to earn interest on your holdings except on BlockFi, the assets instead of being dollars are bitcoin and Ether and we don't have FDIC insurance so it's not exactly the same risk profile as a savings account at a bank, but conceptually you're able to hold Bitcoin and an account with BlockFi and earn interest on it paid in Bitcoin every month. That's one product that we have. The second product that we have which you are alluding to earlier offers our clients the ability to borrow dollars secured by the value of their cryptocurrency and it's analogous to a securities backed loan or a liquidity access line in the traditional world except instead of securities we're taking Bitcoin or other digital assets as collateral and lending it rates as low as four point five lending USD that rates as low as four point five percent a year.
Buck: I wanna pick these apart a little bit if you don't mind. In terms of this savings account first of all is it just bitcoin or is it bitcoin, Ethereum?
Zac: We actually support three assets in the interest account currently Bitcoin, Ether and GUSD which is the stable coin from Gemini.
Buck: Got it. And talk about the interest because it's not one flat interest rate right it's different depending on how much cryptocurrency actually is held?
Zac: Correct so there's a tiered interest rate structure. Currently on Bitcoin for balances up to ten Bitcoin, we offer a six point two percent annual yield and for balances above ten Bitcoin it's a 2.2 percent annual yield. On Ether, for balances up to two hundred Ether it's a 3.3 percent annual yield and balances above two hundred Ether is 0.5% annual yield and for GUSD the stable coin it's an eight point six percent interest rate with no tier so yeah those are the different rates.
Buck: Why did, I mean was it just a matter of like an issue with people dumping like a thousand Bitcoin and trying to get six you know 6% of that, was it just too hard to you know make that a long-term part of the business model or why did the higher levels end up changing to a lower rate?
Zac: Sure so I wanted to function of market conditions and to it's a function of supply and demand. So we launched the interest account in March of this year. We were just starting to come out of the bear market and one of the things that happened as we switched from being in a bear market to being in a bull market is the futures switched from being in backwardation to contango which basically means that our institutional borrowers the groups that we lend to that enable us to pay the rate to depositors had less of a need they had less demand to borrow and they were willing to pay lower rates to borrow crypto than they were when we were building and planning to launch this product. The second thing that happened is we were surprised to the upside in terms of the level of interest that we received from depositors and especially depositors with very large sums of cryptocurrency. So to give you an example you know within a day or two of making the product available publicly, we had a number of groups that were depositing 5, 10, 15, 20 million dollars worth of Bitcoin and so the supply-demand that we have to manage is, the amount that we have on deposit relative to the size of this market that will borrow Bitcoin size of the market that will borrow Bitcoin is partially a function of market sentiments partially a function of number of trading venues and the liquidity profile and it's partially a function of you know BlockFi’s efforts in terms of sales and client development relationship management. So the supply side got a little bit ahead of the demand side on deposit and how much there was available to borrow so we made a few tweaks. We want to keep the 6%, 6.2% rate on Bitcoin available to as many people as possible for as long as possible so that's why we went with the tiered structure where we made it available on balances up to 10 and reduced it for balances above that.
Buck: Got it and the interest on that, when you say 6.2 percent that six point like it's all denominated in Bitcoin, you're not paying cash out right?
Zac: Correct so to use round numbers to provide an easy example you start on January first with a hundred Bitcoin in an account, by the subsequent January first you will have 106 point 2 Bitcoin in your account.
Buck: Yeah and that that's kind of neat too because then you're you know you're also getting potentially the upside of that you know I mean they made 6% but if you if you're really bullish on the market you could be potentially looking at a lot more than 6% on your money. How about in terms of the, is there like a you know do you do it sort of a month-to-month or six month or month you know year-long contracts for these things?
Zac: It's month-to-month. So the rates are subject to change on a monthly basis. We provide notifications at least a week in advance before the end of one month on what the rates will be for the subsequent month and people are able to you know withdraw any time without penalty. We reserve up to 7 days to process withdrawals but we've never taken more than one business day to process a withdrawal so they're pretty quick but not instant for security reasons and yeah it's pretty flexible.
Buck: How about the lump in the lending side how does how does that work? So now I've got like 10 Bitcoin and so I would deposit that I guess and you guys I understand that maybe that that goes into like a Gemini account or something, is that still how it works?
Zac: Correct so we have a partnership with Gemini for custody. So when you log into a BlockFi account you'll have a deposit address. When you send Bitcoin to that deposit address it actually goes directly into storage with Gemini. Gemini was the first custodian in the crypto sector to receive insurance against cyber hacks on their platform. They were also the first custodian to get to complete a SOC 2 compliance audit and they have a really long track record of custody billions of dollars worth of crypto without ever having any issues. So it goes directly to Gemini and then you're able to interact with block-wise platform to take any actions that you might deem necessary. So you can view your interest payments you can withdraw you can deposit more you can also take out a loan. So in terms of taking out a loan, if you have ten Bitcoin that's worth roughly a hundred thousand US dollars at this point in time, you can borrow up to fifty percent of that value in a US dollar loan which can be funded be a wire or stable coin and then the structure of those loans is that you make interest-only payments on the amount that you borrowed throughout the duration and you can prepay at any time without penalty.
Buck: And what's the typical you said it was four point six.
Zac: We have interest rates as low as four point five. The interest rates on borrowing USD vary according to your initial loan to value ratio. So if you have a hundred thousand dollars worth of Bitcoin we actually have three loan-to-value ratio options. You can borrow at a 50 percent initial loan-to-value ratio which would mean you're borrowing 50k, the interest rate on that will be eleven point two five, if you borrow thirty five percent of the value so 35k the interest rate is seven point nine, and if you borrow twenty five percent of the value of the interest rate is four point five percent per year.
Buck: Got it. In terms of you know the technical, so you basically pay that on a month-to-month basis and then in terms of contracts, are those also month-to-month loans or how does that work?
Zac: Those are one-year term loans well now it's the ability to renew without repaying the principal at the end of the term at current rates and our rates for those loans have always come down so far. So it's a one-year term loan BlockFi committed for a year at that rate your payments stay the same but you can prepay at any time without penalty.
Buck: Right. When do you do when would you do an actual sort of I guess a cap will call like what loan-to-value because you can go up to say you're borrowing at you know you're borrowing at the lowest rate you know you're at 4.5% you're borrowing see you know just for round numbers 100 Bitcoin you borrowed or you said 10 Bitcoin hundred thousand dollars but you only borrowed twenty-five thousand dollars at four point five percent, what if Bitcoin you know loses 50 percent of its value then what happens?
Zac: Well you wouldn't have a margin call based on on that example. If your loan to value ratio hits 70 percent that's when we have a margin call and the way the margin call works is our clients have the option to either post more collateral, pay down the loan using USD or some of the collateral that's posted for the loan or take no action. If they take no action there's a 72-hour window where we'll wait to see if the price recovers, if it does then no action is required, if the price keeps going down further then we will initiate a partial collateral sale to rebalance that LTV to a healthy level at the end of that window.
Buck: So in terms of the clients that you see doing this kind of stuff, I mean who are you seeing borrowing because you don't have a cap I mean you can on the borrow side, I mean and the rates don't really change like if you're depositing a hundred Bitcoin you're getting the same rate differences as somebody who's depositing ten for borrowing right?
Zac: That's right.
Buck: So who are the people who are putting I mean what are these businesses that are putting are using these loans who are the typical clients?
Zac: Sure so it's a mix of retail and corporate. On the retail side we actually did a survey recently on use cases and the number one use case about a third of our borrowers expressed is that they were using the funds that they borrowed to start a business, which we were really excited about. So the other popular use cases were investing in real estate, investing in other types of traditional assets like stocks and bonds, home improvement, larger purchases, vacations were all used cases, paying down higher cost debt was another use case, and then on the corporate side the loans are used for operating capital. So we have some mining companies that borrow from BlockFi. Other types of companies who you know maybe have crypto denominated inventory like exchanges or crypto ATM businesses our frequent borrowers from BlockFi and our loan sizes rearranged from you know as low as five thousand dollars all the way up to seven figures. So it's a pretty diverse group of borrowers.
Buck: So recently it sounds like you guys partnered with another company called Casa. What is Casa and I guess how does that benefit both companies?
Zac: Sure. So Casa is a leader in fighting self sovereign storage solutions for cryptocurrency owners so if you're alone that owns Bitcoin and to use a gold analogy. If you want to own gold but you keep it in your vault or in your backyard you want to have physical possession of it yourself if you want to do that same type of custody with Bitcoin. Casa has a solution that makes that really easy. Our partnership with Casa provides mutual benefits to clients on either side. So Casa clients are able to receive some discounts in terms of accessing BlockFi products and vice-versa BlockFi clients are able to receive discounts in terms of accessing kasam products and over time we'll build some things in to the user experience specifically on Casa’s platform that will make it you know a bit more seamless to interact with BlockFi products while you're on their platform. In general that partnership strategy is something that you'll see more of we think there are in the ecosystem that are specializing in areas that BlockFi's not focused on and doing things where we can provide benefits to clients on both sides is a win-win for us then and our clients.
Buck: Last thing I want to ask you about, last time I spoke to you, you had talked about the idea of potentially Bitcoin backed credit cards meaning like you know getting Bitcoin back instead of miles or dollars back. You guys any closer to that, because I definitely want one of those cards.
Zac: I'm so glad you brought it up. We're definitely closer, but we're not you're not going to have the card until like Q3 of next year probably. It's getting worked on, these things you know for better or worse they take a long time launching a credit program is no small feat you know we're working on it. We've identified some of the key partners that we'll be working with to bring that product to market it is going to happen and I share your sentiment like I wish I had it now.
Buck: Yeah seriously that'd be great. Well listen it was great talking you. So it's BlockFi.com and it's spelled like block and then fi and tell us you know tell us the process of doing is pretty simple okay how long does it take to apply for these things…
Zac: Yeah I mean nothing takes any time really. So you could come in and start earning interest and get a loan from us all in under five minutes. And we also have a client service team that's super responsive in in terms of communication however you want to communicate with them, over email, over the phone, over text message so you know don't don't hesitate to reach out to us. We're also on twitter. My twitter handle is BlockFiZac and our company twitter handle is @therealBlockFi so we're very active on those platforms and happy to chat with you there as well.
Buck: Zac Prince, thank you very much for being on Wealth Formula Podcast today.
Zac: Thanks for having me, Buck, I appreciate it.
Buck: We’ll be right back.
submitted by Buck_Joffrey to u/Buck_Joffrey [link] [comments]

09-15 14:13 - 'BlueChip - Automated Bitcoin robo-investor looking for beta users' (self.Bitcoin) by /u/BlueChipLLC removed from /r/Bitcoin within 0-8min

'''
Morning! We just released our Cryptocurrency robo-investor beta. We support trading Bitcoin through Robinhood and are looking for some beta users. Check it out [here]1 . If you are interested in trying out our service, get started here: [BlueChip Beta Invite]2
'''
BlueChip - Automated Bitcoin robo-investor looking for beta users
Go1dfish undelete link
unreddit undelete link
Author: BlueChipLLC
1: ww*.blu**hip.d*v/ 2: *ww.b*uec*i**dev/*equest-bet*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Russia’s Crypto Fate to Be Sealed on Sep 18 + 10 More Crypto Briefs

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Regulation news

Mining news

Tax news

Blockchain news

Legal news

Adoption news

Trading news

submitted by anuj_kgn to CryptoCurrencies [link] [comments]

Wide world of fintech

Wide world of fintech
The word fintech gets thrown around quite a bit recently. What generally refers to innovations in the financial and technology crossover space is behind many of the newest technological developments — from payment apps to cryptocurrency. What use cases are there for fintech in 2019? Let’s see.
  • Mobile Payments
It seems as though everyone with a smartphone uses some form of mobile payments. In fact, according to Statista data, the global mobile payment market is on track to surpass $1 trillion in 2019. Using increasingly sophisticated technology, services have emerged that allow consumers to conveniently exchange money and make payments using mobile devices — including Dzing.
  • Crowdfunding Platforms
Kickstarter, Patreon, GoFundMe and others illustrate the range of fintech outside of traditional banking. Instead of applying for a loan, it is now possible to go straight to investors who’d like to support your project or company. Can you present your idea on a single web page? Be sure someone picks up on it.
  • Blockchain and Cryptocurrency
Hallmark examples of fintech in action. It’s hard to imagine how many projects would never have existed if it weren’t for Satoshi Nakamoto, the notorious author of the Bitcoin whitepaper released in 2008. And while cryptocurrency and even blockchain may be somewhat controversial uses of fintech, they have certainly taken the investment world by storm in recent years.
  • Insurance
The so-called InsurTech has come to include everything from home insurance to data protection. InsurTech startups are increasingly attracting funding, with startup Oscar Health securing some $165 million in March of last year.
  • Robo-Advising and Stock-Trading Apps
Robo-advising provides algorithm-based asset recommendations and portfolio management that has increased efficiency and lowered costs of asset management. Along with inexpensive stock-trading apps like Robinhood or Acorns, investing from anywhere with any budget has never been easier.
  • Budgeting Apps
Fintech prompted the development of applications where consumers can easily and efficiently keep track of their income, monthly payments, expenditures and more — all on their mobile device.
Care about it or not, fintech has long been inside your pocket, and it’s not going any time soon. According to CBInsights, there are now more than 40 fintech "unicorns" — startups worth over $1 billion. One of the biggest M&A deals so far in the year happens to be in fintech. One thing is for certain: this fast developing industry is worth keeping an eye on.

https://preview.redd.it/ic3eje5t42f31.png?width=600&format=png&auto=webp&s=34c61c8766c5e57f507152e41040395ddbb8664b
Source: https://www.thestreet.com/technology/what-is-fintech-14885154
submitted by DzingFinance to DzingFinance [link] [comments]

How to prepare your portfolio?

How to prepare your portfolio?

https://preview.redd.it/pq8tury8b6i31.jpg?width=3334&format=pjpg&auto=webp&s=7d68944819a4b22cbd095aabcbe251c3e423ed29
What is common between a pupil and a trader? They have to prepare their schoolbags and portfolios before studying. Pupils are getting ready to a new study year and traders take long-term strategy before the new year. Today we share how to choose coins for your portfolio and how to manage investments strategically.

What to put in your portfolio?

Remember how you had to bring a lot of textbooks to school? Studying geography, English, physics, chemistry is also a kind of risk diversification. None of us in first grade knew who we would be after school. Therefore, just in case, we studied anything.
In trading, it’s all the same - the more cryptocurrencies there are in the portfolio, the better prepared a trader is.
A crypto portfolio that contains various cryptocurrencies helps a trader not to be afraid of high volatility on the market which can jump due to simple criticism of the company in addition to a failed partnership or bankruptcy. A trader can lose everything if his portfolio has just one coin.
Experts advise collecting two portfolios at once - for the long-term and for the short-term strategy. In the long term it is better to trade promising and reliable cryptocurrencies, in the short term it is better to trade coins with a capitalization of $ 10-50 million. It is better to invest more in friendship with nerds and only occasionally use cheat sheets than the other way around.
The minimum amount of cryptocurrencies in trader’s portfolio is cryptocurrencies from 5 different categories:
  • market leaders — Bitcoin, Ethereum;
  • stable coins — Tether, TrueUSD;
  • dividend tokens — Nexo, STE;
  • exchange and utility tokens — ROBO, Binance Coin;
  • very promising, but high-risk coins — EOS, TRON.
Next, let’s discuss how to choose coins.

How to choose coins?

Remember five criteria.
Project’s sustainability. Try to know more info about the company that issued the token or coin. What user problem does it solve? What product does the company offer? Will it be in demand on the market?
Capitalization. Estimate cryptocurrency trading volumes and quotes. Are traders ready to invest in it, how much have they already invested in it? The greater the trading volume is, the higher the interest in the coin is. The higher the total capitalization is, the less volatility and possible profit this coin has.
Maximum emission. The real demand for a coin should be higher than its maximum emission but not the other way around.
Crypto community. Pay attention to the transparency of the project and the community grown up around the product. Follow the project’s social networks, see how often the news comes out, what the subscribers promise. Check the support service - how active it is and whether it responds at all.
Newsfeed. Analyze the news about the company - what media writes about the project, how often it is mentioned in the news.
In about the same way, pupils choose a partner at the desk - look at his grades, neatness, listen to what teachers and other classmates say about him. If no one is sitting with Natasha (maybe it is better to use some English name, say Jane), even if she is pretty, maybe you shouldn’t sit with her in math?

How to allocate risks?

It’s not enough to choose coins - it’s important to understand what ratio to put in the portfolio. The rule is simple - the less risk, the greater the volume; the more risks, the less volume. Many people invest up to 90% of their capital in Bitcoin, while the rest of funds is invested in projects that can work but so far too risky to invest a lot of money in.
If a trader collects a portfolio with minimal risk he distributes the investment the following way:
  • 80% — in market leaders and stable coins;
  • 15% — in coins with high liquidity and an average rate;
  • 5% — in cheap but promising cryptocurrencies.
If a portfolio has high risks:
  • 60% — in stable cryptocurrencies;
  • 25% — popular altcoins with a stable rate and growth prospects;
  • 15% — underestimated assets, coins only issued after the ICO and IEO.
A portfolio with minimal risks can bring less profit but it is more reliable - you can go into the long-term trading with it with already set stop loss in the terminal. The Optimus robot in the CryptoRobotics terminal is your best nerd friend who will do the homework for you and help you with the test.

What strategy to take?

What’s your plan - to earn immediately or trade in long-term?
If you want to take profits during the day there should be more altcoins in your portfolio and trade should go with short stop-losses. This is a painstaking daily work but there are chances to get super profits. This is how to prepare for one test and get A mark.
A long-term strategy is a full-fledged investment in reliable and powerful cryptocurrencies that can withstand all fluctuations on the market. You begin to sit for one hour at school textbooks starting from the day one and you sit for 11 years and only after that you get a gold medal.
There is one more thing that unites traders and school children - this is the constant, continuous training that helps you to achieve maximum results. But pupils do not have convenient, beautiful and multifunctional tools that would help to increase knowledge in a couple of clicks. And straight-A traders use CryptoRobotics.
Good luck and profits!
submitted by Cryptorobotics to u/Cryptorobotics [link] [comments]

Robô Trader Bitcoin Robot Trading de Bitcoin y Criptomonedas (Más de 360$ de Beneficio) Robô Trader bitcoin BTC e grátis Introduction to BitCoin and the Automated Trading Robot The Fastest Bitcoin Trading Robot for Deribit

Bitcoin Code is a bitcoin trading robot that claims to help ordinary traders make huge returns on their bitcoin investment with an investment as little as $250. The robot was founded by Steve Bitcoin Robot Trading is a trading software or an algorithm developed using modern technical indicators specifically for the purpose of automating bitcoin trading. For those who are familiar with Expert Advisers in Forex, Bitcoin Robot Trading is in a way, similar to EAs. Here is the Live trading account that is traded by a Bitcoin robot in front of your eyes, completely on autopilot! The robot does not sleep, does not take holidays or stop on weekends. It is an everlasting profit machine at your fingertips: Launched in 2017, Bitcoin Trader is an automated trading robot that has the capacity to trade cryptocurrencies in an autonomous manner. The overarching benefit of the platform is that the entire Bottrex é uma plataforma online que automatiza suas operações de compra e venda de Bitcoin e outras criptomoedas em até 6 exchanges, de acordo com suas configurações e estratégias definidas. Uma das grandes vantagens que o robô oferece é que ele trabalha 100% na nuvem, sendo assim você não precisa deixar o computador ligado para que ele faça as operações, muito menos instalar

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