How to Find Your Nearest Bitcoin ATM | Services Bitcoin News

I’m a commentator for a tournament of nightmares. I’m not sure the participants are willing.

You’d think being a psychiatric ward for 38 months would be enough to deter a guy from ever going back to a sport that involves watching human beings at the height of their physical prowess beat the living shit out of each other. Sometimes regulated, sometimes not.
But, here I am, fresh outta the loony bin and reading the most unusual advertising slogan I’d ever laid eyes on;
“The most terrifying tournament has come around once again! Conquer your fears in the NFC*…* literally.”
This was the business card that accompanied my black envelope as it was handed to me on the discharge ward by a well dressed and gangly fella with an uncomfortable wide smile. He didn’t say much of anything, just that his name was “Watson” before bowing and holding up the envelope.
“Heh, like the butler, right?” I said, taking the envelope from his plasticine hands. His smile ripples across his face and he nods slowly, his perfect hair unmoving in the strong wind before he turns on his heel and walks back to the black sedan.
The cold air chilled my bones, and I pulled the medical bracelet from my wrist, grimacing at the marks underneath before following Watson to the Sedan and hauling my luggage into the trunk before setting off, not knowing how I came to even be there in the first place.
I guess right now, that doesn’t really matter.
What matters is where I am now and what I’m doing.
"blood strewn across the canvas, frayed brain matter sailing across my head and splattering against the wall, a woman standing in a pool of blood as the deformed creature twitches on the ground"
My name is Sal “Motormouth” Sabotta, I’m a sports commentator by trade. Be it combat sports, pro wrestling, death-matches or martial arts tournament, I’ve done it all.
I won’t lie; Work can be hard to come by. I’ve spent months struggling for rent and resorting to less tried-and-true commentary methods in order to survive. That has, at times, involved trying my hand at some of the more underground competitions; unregulated fights, sick, illegal games bet on by people on the dark web and worse… Things I’m not going to detail here. Things I’m not proud to have taken a hefty pay-check for from greasy, sweaty fucks in Armani tracksuits and stinking of cheap booze and coke all the way up to well-dressed bitcoin farmers in their 20s who probably own child slaves.
In short, I’m no stranger to the grim underworld or the secrecies with which they conduct their work. I see money and an easy way to make it with my voice; I don’t ask questions.
So when I received an email the day of my discharge from the hospital and I’m told “you’ll receive a letter from Mr. Watson, take it and follow the instructions to the venue. Pay up front as agreed.”, I don’t question it. Especially when the note is personalised, and the doctor says my medical fees were covered.
We drove past numerous landscapes, vistas and neighbourhoods before veering off into an industrial estate and entering an underground tunnel. Half a mile in, Watson stops the car and peers back, smiling.
He directs a thumb to the service door in the side tunnel and rubs his neck, a scar running from ear to ear. Was he a former fighter? Gangster?
I sighed and got out, still in my medical gown and hauling ass to the door. It opened before I could reach out and a tall, muscular woman in her late 30s greeted me with a smile. She was imposing, powerful in her gait, a black eyepatch with several seals adorning the sides accompanying a thick scar down her face did nothing to stop her beauty. She wore a tank top with a black cloak with white fur on the tops and sleeves, a thick black chain clasp around the neck. I won’t lie; she looked badass. Terrifying, but badass.
“‘Bout time ya showed up, Sabotta!” She grinned and put a cinderblock of a hand on my shoulder. I’m 5’10 and 180lbs, but she made me feel like a child in front of her. The power emanating from her fist was unbelievable. “C’mon, the trial match is starting and I don’t want no tourney without a broken in commentator! You gotta know the ropes of this place!”
“You know your driver was standing right outside when I was discharged, right? Couldn’t think to give me an extra day or two to freshen up?” I frowned. This wasn’t normal protocol, even for back-alley promotions like this. She just laughed at me and slapped my shoulder.
“The tournament waits for nobody, Sal. Times a-wasting.”
The hallway is dimly lit and the sounds of a ruckus above us are as impossible to ignore as the sounds of thudding, screaming and snapping. As we pass several doors with one-way mirrors on the front panes, I hear sounds I could have never placed in the animal kingdom or otherwise; gurgles, clicks, grunts and even otherworldly whispers.
“What the fuck is that? You guys doing animal fights down here? I mean I called a monkey fight once, but it’s not exactly… pleasant.” I shuddered, thinking of the violence chimpanzees can inflict on one another, let alone humans. She never stopped walking or staring directly ahead when she responded.“Those ain’t animals. Not by a long shot.”
Before I can probe further, I’m hurried into a changing room and practically swept off my feet by her strength. I turn back and she’s already poking her head out the door.
“You’ve got 5 minutes, get your shit and head up the left stairs, Watson will guide you.” She grinned, and I saw gold filings in her teeth that glinted as much as her bedazzled eye patch. “Ya came highly recommended… I expect good things!”
I do as instructed and within 5 minutes I’m back in my commentary clothes; an open buttoned Hawaiian shirt with my old Hotel Inertia shirt underneath, skinny black jeans and shimmering black shoes. I found some old slick gorilla powder in my hair and dusted it up, opting for the dishevelled look as I knew I’d be sweating by the end of the ordeal.
“You shouldn’t bother putting in so much effort, y’know. They’re not gonna care how good you look, only how well you talk.”
Standing in the doorway was a woman in her 40s, dark-skinned and hair clad in meticulous dreadlocks, tied back into a large bun with a pair draped down the sides of her head. She held a thick book in one hand and pocketed a serrated blade in the other before motioning to me.
“We’ll have to do the pleasantries on the way, the match is starting and you don’t wanna miss that. The commissioner isn’t the type you want to upset. Especially when you’re not here by choice.” I looked for a moment, dumbfounded.
“I’m here because I was invited, already got my pay from the woman who let me in.” I shrugged, pocketing the envelope and getting my equipment from the suitcase. The woman gave a sad smile and shook her head.
“Of course you’d think that. She likes it that way. Bet she didn’t introduce herself either, did she? C’mon.”
I follow her down and after a few minutes we come to a fork in the hallway, an elevator system to our right and a stairway to the left. Dutifully, Watson stood patiently, still grinning and motioning us to go up.
Once we’re situated in our booth upstairs, I set my equipment up and look down at the table, expecting a slew of papers and fighter information in front of me. I look to the woman to ask, but she doesn’t break her stare in the darkness, looking down at the arena floor some 100ft below us.“You won’t need that. Not for this match.”
The lights flicker on and the enormity of this venue reveals itself to me. It’s a structure of imposing steel, dried blood, claw marks and other unknown substances that littered the 40ft wide circular pit the fighters contested in, a black lift on either side from the fighters corners that I can only assume ascended up from their locker room area. Around them were chain-link fences that rose up to the audience stands above, situating around 300 people across all four sides. At the very top sat our booth, the commissioner’s office directly opposite, the judges booth to our right and the fight analysts/medical area to our left. Standing in the centre with a spotlight over them was the commissioner, microphone in hand and an energy that was almost palpable.
“Ladies, Gentlemen and Freaks of all kinds out there in the universe. I welcome you once more to the annual Nightmare Fighting Championship Tournament! It’s been a long year, but we have new blood to pit against our resident night terrors and some fresh fears to feast on the fortuitous soul that frolics into their den. As always, our contestants will be fighting for their freedom, a chance to get their wish or to fight for the ultimate prize.” The crowd cheers and the majority are hidden behind thick plexiglass and lighting, but I can see some have Karate Gi’s, weapons in hand and others with demon masks as they whoop and holler. The clientele here were, at least in my estimation, experienced. But I was feeling a lump in my throat at that one phrase The Commissioner so surreptitiously added in without issue;
“As always, our contestants will be fighting for their freedom*”*
I leaned to the woman next to me and as if she knew what I was going to ask; she put a finger up and shook her head. Eyes awash with fear and a grimness I had only seen on that of trainers who knew their fighter was not ready for the bout ahead. She pointed the finger down to my machine, then to the pit. Turning it on, I looked down as the commissioner began to talk, readying myself to commentate on whatever weirdos came up to battle.
“But before we get to that, we have an exciting exhibition match for our loyal supporters who bankroll this event every year. Without you elite few, we could not do this. You are the pound for pound goats of support! Now, without further ado; let’s get this show on the road!”The rest of the lights clicked on and spun around the venue as they raised the profile of the bout, the elevators both whirring into action as the right one arose first.
“In this corner, from the marionettes shop and accompanied by his Bunraku doll “Mr. Stares”, it’s the man who pulls the strings… THE PUPPET MAN!”
Out steps a tall, thin Japanese man in full clown makeup. His head shaven save for two ridiculous strands of hair stretched out and fluffed up to their limits, like red antennae. His eyebrows large m’s that practically cover his forehead, the nose a completely vacant slot with a black hole drawn in and the mouth… the fucking mouth was nailed shut. Literally. Sharp rusted nails had been hammered down through the lips with such force that they’d bent. A sickening crimson red face-paint stretched across the entire bottom half of his face, making it seem far larger by comparison. He carefully held a small bundle underneath a sheet and bowed deeply to the audience before standing at his designated spot.
“In the other corner, from the streets of god knows where and the womb of someone who misses him… "Hulked Up" Michael O’Donnell!”
I watched with wide eyes and a stomach threatening to evacuate its contents at any moment as the smoke cleared and a boy no older than 17 rushed out, beating his chest and screaming to the crowd as if he was the Incredible Hulk. I don’t know if they drugged the poor kid, but he clearly had no idea where he was.
“There are no rules, no referees and judges only exist in case of a draw or unclear victory. Our commentary team will take over and we wish you a phenomenal match.” She drools a little before she speaks again, looking up at me and winking. “Let’s make this a violent one.”
She snaps her fingers and leaps for the fence, climbing up with ungodly ease before sitting on her makeshift chair in her office.
I have no idea what I’m seeing but every cell in my body is urging me to run; I feel my knees tense and my frame rise ever so slightly before the woman next to me puts her hand on my thigh, pushing me down with great force.
“You have a job to do, so do I. Trust me, you think you can leave but if you get out of this chair, not only will YOUR life end. Mine will too.” She unsheathes the serrated blade and looks at me with pity. “We both have a part to play here, so put the headset on and let’s do our job, no matter how hard it is.”
Hands shaking, I pick up the headset and connect it to the portable recorder and take a breath.
“I… I need your name. What is it you do?” I stutter, trying to calm myself. She hands me a bottle of water as the surrounding lights dim and the spotlight focuses on the spectacle below.
“I’m Madame Nelle Lockwood, cryptid hunter and your co-host to guide you through tonight. Good to meet you, Sal.”
-
NFC EXHIBITION MATCH: "Hulked Up" Michael O’Donnell vs The Puppet Man w/ Mr. Stares
“Welcome fight fans from around the world, god knows how you’re listening to this or WHY, but here we are. I’m your host Sal “MotorMouth” Sabotta, wishing this was all a bad dream. Joining me this evening is our cryptid specialist and all round badass Madame Nelle Lockwood. How are you doing, Nelle?”
She looks at me with a bewildered look on her face before blinking and coming to her senses.
“Uhh… good! All things considered… boy, you really have a professional knack for this, huh? I can see why Commissioner Alduin brought you in."
“Ahh, yes. That’s right, folks! NFC Commissioner Alduin invited me here personally and our exhibition match proves to be… challenging. Let’s check in on the action below.”
I look down and see The Puppet Man sat down and gesturing to the figure under the sheet, like he’s got a negotiation going on. The boy, undeterred and furious, rushes towards him and takes his back, slapping his head and even pulling on his hair with extreme prejudice.
“Well take a gander at that, that kid has absolutely NO fear. When I was his age, I would have stayed FAR the fuck away from a nightmare spectre like that. But hell, this is all part of the show, right? Hope they’re paying that poor guy down there a sizeable sum to throw a fight to a child. What do you think, Nelle; is this the weirdest make-a-wish fulfilment task or what?”
I look over to her, hoping she’d indulge me and that I could believe this was just going to end with a pissed off actor storming away when the child hit him too hard. But Nelle was scanning her now open book and looking for information on dolls.
“He’s talking to his doll because it’s desperate to be let loose. He’s trying to bargain with it to spare him. This is the nature of the puppeteer and his master.” She pushes the book to the centre of the table and shows me a faded illustration of a pristine Bunraku doll; a kind of meticulously crafted Japanese take on the ventriloquist doll. The limbs are thinner and the face is more minimalist, but still no more frightening. “They usually have a symbiotic relationship, but it seems this one obeys the doll and will not want to face more punishment.”
“What do you mean more punishment?” I ask, looking back down at the feverish puppet man as he tries signing frantically under the sheet, even putting his head under as the kid bites his arm and kicks him, screeching.
“The nails, Sal. Those aren’t to silence him, they’re to punish him.”
The rest happened in slow motion; the sheet fell down. The puppet man stood up and walked to his side of the fighters corner, facing the elevator and placing his face into his forearms as he shook. The boy followed to keep attacking, but with one swift kick to the midsection, the boy was propelled back to the centre of the pit where the doll sat.
If there was a human face, I didn’t see it. Instead, I was staring down at a small wood carved spider, the head sporting black geisha hair and the makeup still present, but rows of sharpened black teeth protruded from the clicking mouth and two larger eyes jutted out from the base of the skull, smaller ones dotted closely around it. It was like seeing a puppet ogre spider.
“Looks like The Puppet Man has let Mr. Stares out to say hi and I can certainly see why he was under that sheet, this one isn’t pretty folks! The face doth fit the name. The question is, what’s he doing to do ne-
“I didn’t need to finish the question. My hands shook, and the world spun around me as this creature crawled towards the still wheezing boy with ungodly speed and perched itself expertly beside him. I don’t know if it was my eyes or the distance from where I sat, but this was NOT a small puppet. He was easily half of the boy’s height and that became more unnerving when he reared up on his back legs, the head clicking up and the raspy voice hissing out like a gas leak in a building.
“Hey, hey, kid! Wanna make a deal?” The kid rubbed his eyes, seemingly realising where he was as he calmed down and an air of utter confusion around him.
“If you let me be your new master and you promise to take care of me, I’ll let you go!” His head spun around and the jaw clicked ferociously as he giggled, extending out a clawed paw. “Whaddya say?”
The boy, still confused, slowly reached out his hand and the moment immediately reminded me of a slew of nature shows I’d seen as a kid; where a predator waits until the prey is lulled before striking. I felt the chill up my spine as he extended his hand and grabbed Mr. Stares.
In that moment, he leapt up the arm and bore his way into the boy’s mouth, down his throat and shredded his flesh. The sound was so horrifying, so visceral that it outshines any backyard stabbing, joint snap or broken nose. The boy didn’t even have time to scream, he simply looked up with tear-stained eyes as the puppet disappeared.
Then he started walking without him realising. He looked down at his limbs, terrified, looked over at The Puppet Master, who still had his head to the elevator and pleaded with someone, anyone to help him. I looked to Nelle who refused to take her eyes away, studying the battle in an almost morbid scientific curiosity, detached entirely from the scenario.
I couldn’t fathom how she did it, how she ignored this boy begging us to get him out of there.
I wanted to. Every instinct in me as a fight fan and a decent human was to scream “STOP THE FIGHT!”.
But clearly, when my own life is at risk and money is involved...
I am not a decent human.
Instead, with bile in my throat and a sweating forehead, I did my job.
“M-My goodness! The P-uppet, I mean, “Mr. Stares” has BECAME the puppet master, surely the fight will be over with our young competitor incapacitated? What does our commissioner have to say about this?”
She stared at me, her one eye gleaming and her face elated with the violence.
“It ain’t over yet, church boy. We haven’t even seen the finale, have we Puppet Master?!” She laughs and slaps her knee, the puppet master sobbing as he sinks to the floor and she continues.
“He ain’t done feeding, not yet.”
The way she said that word “feeding” nearly made me lose what food I had in me. That was a young man, somebody's baby boy…
“What does she mean by that, Nelle? What is the strategy to victory here?”
Nelle looked down at her book and traced her finger across a passage before wiping her forehead and pushing the locks aside. If her composure wasn’t breaking yet, it would do soon.
“This kind of parasitic doll feasts on its prey and targets non-essential organs first, controls the host with the neurotoxin in its tail and then, when it’s finally content, it gives the brain a second injection.”
“What happens then?” I asked, my own professionalism hanging on by a fucking thread at this point. She shook her head and pinched the bridge of her nose.“I guess you’ll see in a moment, I sure as hell don’t want to. Not again.”
Before I can prompt her further, the boy lets out an ear-piercing shriek and falls to his knees, gripping at his head before it turned red, then purple and finally an ugly shade of puce before…
The sound of a watermelon hitting the ground from a great height is the best comparison you’re going to get without making me want to rush to the toilet to puke for a third time. But that’s what happened. His head burst and chunks of his skull, flesh and brain matter sprayed the pit and the walls, some hitting my desk and making me audibly shriek, much to the commissioner's delight.
“HA! You didn’t run! I like you, Sal. You pass for the tournament!” She hauls her body up and slams down to the pit, applauding as the microphone descends from the heavens. “And your winner; The Puppet Man and Mr. Stares!”
The crowd erupts with applause as the weeping puppet man pulls the blood-soaked puppet out, places him under the sheet and silently begins to walk back to the elevator while attendees clear up the boy’s corpse.
“What… what the fuck IS this place?” I ask Nelle, pausing my recording.
“This is where nightmares are kept and set upon mostly unwilling competitors for the world’s amusement. You HAVE done dark web fights before, right? Mafia snitches being put into lions pits, bum fights, addicts fighting women to score… this can’t be THAT unusual to you?”
I stared at her incredulously. Was that even a question?
“I did the dark web ONCE and it damn sure didn’t involve monsters!”
She scoffs and closes her book, stretching before looking at me with contempt.
“Oh, it did. Just not the ones you hear about in fairytales. Good luck with the selection process. I’ll be back for the opening round. Don’t try to run, they’ll devour us both in minutes, if you think this is the pinnacle of what lurks beneath this club, you're in for a rough night.” She sauntered off, leaving me deflated, sickened and terrified. Unable to leave and frustrated to the point of tears that I couldn’t express that concoction of emotions, I did what I always do; I regressed and pressed “record” on the device as Commissioner Alduin continued.
At that moment, however, I was deaf to it all. The gravity of the situation had fully enveloped me…
They weren’t kidding about the unwilling participants, I just didn’t realise I would be one of them.On every side of me sits men and women with a desire for violence that goes beyond the norm, beyond the sane and beyond the boundaries of humanity.Below me are an untold number of creatures rattling their cages and howling for blood.
Across from me is a woman so powerful she could crush my skull beneath her boot with the utmost ease if it so amused her.
That invitation was nothing more than my own ransom note in pretty colours and flattering platitudes.
I was in a tournament housing nightmares incarnate.
And it would only get more violent from here on out.
-
The opening round was a blood bath.
submitted by tjaylea to nosleep [link] [comments]

I'm kinda ok with MCO -> CRO Swap; a indepth personal view

EDIT: this post https://www.reddit.com/Crypto_com/comments/i2yhuz/open_letter_to_kris_from_one_of_cdcs_biggest/ from u/CryptoMines expresses my sentiments and concerns better than I could ever put into words myself. I'd say read his/her post instead.
Very long post ahead, but TL;DR, I actually see this swap as a positive change, despite fearing for what it may do to my portofolio, and having mixed feelings about its consequences on CDC reputation.Before I start, for the sake of context and bias, here's my personal situation as a CDC user:
  1. I'm just a average Joe, with a 500 MCO Jade card. I bough 50 MCO at 5,22€ in September 2019 and staked for Ruby, then bough 440 MCO at 2.47€ in March 2020 and upgraded to Jade. The total amount of MCO I own is currently 515, and everything above the 500 stake is cashback rewards.
  2. I bought MCO exclusively for the card and bonus Earn interest benefits, and had no plans to unstake my MCO. Now with the swap, definetly won't unstake.
  3. The MCO -> CRO conversion rates increased the fiat value of my MCO in about 1000€.
  4. I own a decent amount of CRO, wich I bought at ~0,031€ in March 2020.
  5. The country where I live is crypto friendly and completely crypto-tax free; I only have to pay income tax if I deposit a certain threshold of fiat in my bank.
Take all these factors into account as possible (if not major) influencers or bias on my opinions; both the emotional and economical ones. Call me a fool or a devil's advocate if you want, but keep your torches and pitchforks down. As we say here on Reddit: "Remember the human".-----------------------------------------------------------------------------------------------------------------------------------------------------
Like all of you, I woke up to find this anouncement, wich came right the #[email protected] out of nowere, and gives you little to no options. Good or bad, this announcement arrived as basicly a "comply or die" choice. Emotionally, this came as both terrifying and disgusting; but rationally, I cannot blame CDC for it.
Because wether we like it or not, CDC is a centralized company, and the MCO tokens were never a stock or legally binding contract; something wich pretty much every crypto company or ICO warns in their T&C and risk warnings. Not to mention the mostly unregulated status of the cryptocurrency and. I'll call this "dishonest" any day, but I cannot see it as a "scammy" since I can't see how they broke any rules or terms.
A scammer would take your money/assets away, but CDC is offering you to swap it for another asset wich you can sell right away if you want. And at current price, it is still worth more or less as much fiat as MCO cost at the 5 $/€ wich was more or less the comunity standard used for calculating the card prices. And by that, I mean that the fiat value of 50/500/5000 MCO (as CRO) is actually not far from the 250/2500/25'000 $/€ that the comunity commonly used as standard when calculating the ROI and (under)valuation of MCO.
So CDC is at least trying to give us the option to get (some) our money back, and not at a unfair rate. If you happened to buy MCO at a price higher than this, I can't see how that's CDC's fault, just as I don't see anyone blaming Bitcoin or Altcoins for getting them stuck at the top of the 2017 bubble burst.
I read many posts in this reddit calling this a "backstab" and "betrayal" of early investors and for the people who "believed in MCO". Emotionally, I share your sentiment.But after thinking it for a while, I'd say this was actually very rewarding for early investors and long term MCO supporters. As CDC clearly sates in the swap rules; nobody is going to lose their card tier or MCO stake benefits (at least not yet), and your stake DOES NOT unstake automatically after 180 days. Actually, so far they never did unstake automatically, you had to manually unstake yourself.
With this in mind, everyone who already got their cards, or at least staked MCO to reserve one, basicly got them 3-5 times cheaper than future users; and IMHO, now the $/€ price of cards feels more fair and sustainable compared to their benefits.So in a sense, everyone who supported and believed on the MCO for its utility (i.e. the card and app benefits) has been greatly rewarded with perks that they get to keep, but are now out of reach for a lot of people.Likewise, the people who believed and invested in CRO (for whatever reason), have also been rewarded, as their CRO tokens now have more utility.
So either the price of CRO crashes down to around 0.05 $/€, or the people who bought MCO/CRO early or cheap are now massively benefited. But then again, so is everyone who bought or mined Bitcoin in its early days, or invested in Bitcoin at crucial points of its history... how is that unfair? Some people bought Ethereum at 1'400 $ on a mix of hopes/promises that it would continue to rise; it didn't. And even today with DeFi and ETH 2.0 ever closer, it is still far from that price.
And I know what some of you are thinking: "The cards aren't avaiable in my country yet, that's why I didn't buy/stake."Well, they weren't avaiable in my country either when I staked 50 MCO. Heck, the cards weren't avaiable in anyones country when MCO started, but many people still bought it and staked it. That's exacly what "early adopter", "long supporter" and "believing in MCO" means.
On the other hand, the people who invested on MCO as a speculative asset and decided to HODL and hoard MCO, hoping for its price to moon and then sell MCO at big profit, had their dreams mercilessly crushed by this swap... and good lord, I feel their pain.But this is also where I'll commit the sin of being judgemental, because IMHO, speculating on MCO never made any sense to me; MCO was a utility token, not a value token, so it should not (and could not) ever be worth more than the value of its utility. That's basicly how stablecoins and PAXG are able to stay stable; because nobody will pay more/less than the value of the asset/service they represent.
Tough now that I'm looking at the new card stake tiers in CRO, I have to give credit to the MCO hodlers I just now criticised; maybe you were right all along. Unless the price of CRO crashes or corrects, I wich case, I un-rest my case.
One thing I'll agree with everyone tough, is that I fell that CDC just suckerpunched it's comunity. Because even if we have no vote on its decisions (wich again, we aren't necessarily entitled to, since they are a privante and centralized business) they should/could have warned that this was in their plans well in advance; if anything to allow those who wouldn't like it to exit this train calmly.
Also the CRO stake duration reset. The mandatory reset of your CRO stake for taking advantage of the early swap bonus feels like another gut-punch.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Now that we got emotional feelings out of the way, here's my sentiment about how this will affect the overall CDC ecossystem.
One common criticism of the sustainability of MCO was that its supply cap could never allow a large number of cards to be issued, and how could CDC keep paying the cashbacks and rebates. On the oposite corner, one of the major criticisms of the sustainability of CRO, was it's ridiculously huge supply cap and inflation caused by the gradual un-freezing and release of more CRO into the system.
But now that MCO and CRO became one, it might just have made both issues more sustainable. Now the huge supply cap of CRO makes more sense, as it allows a much larger number of future users to stake for cards (at higher costs, but still). And because most card cashback is small parcels, this large supply also ensures that CDC can keep paying said cashbacks for a long time; especially since it can be semi-renewable trough the trading fees we pay in CRO.
Before this, the MCO you got as cashback had no use, other than selling it for fiat or speculate on its price. But CRO can be used, at the very least, to receive a discount on trading fees. And everytime you pay trading fees in CRO or spend CRO on a Syndicate event, some of that CRO goes back to CDC, wich they can use to keep paying the cahsback/rebates.
And keep in mind, the technicalities of CRO can be changed, as well as the perks and utilities it can be used for. So even if this current model doesn't fix everything (wich it probably doesn't) it can still be changed to patch problems or expand its use.
Another obvious potentially positive outcome of this, is that now CDC only has to focus on 1 token, so it makes it easier to manage and drive its value. People complained that CDC was neglecting MCO over promoting CRO, but now they can focus on both services (cards/exchange) at the same time. Sure, this might not bring much advantage to the common customer, but its probably a major resource saver and optimizer at corporate levels; wich in the long term ultimately benefits its customers.
Much like Ethereum is undergoing major changes to ensure its scalability, the crypto companies themselves also have to change to acommodate the growing number of users, especially as the cryptomarket and DeFi are growing and becoming more competitive. Business strategies that were once successfull became obsolete, and exchanges that once held near-monopolies had to adjust to rising competitors. There is no reason why CDC shouldn't keep up with this, or at least try to.
Point is, the financial markets, crypto or otherwise, are not a status quo haven. And when something is wrong, something has to be changed, even if it costs. The very rise of cryptocurrencies and blockchain, wich is why we are here in the first place, is a perfect example of this, as it experiments and provides alternatives to legacy/traditional products and technologies.
Was this the best solution to its current problems? Is this what will protect us as customers from a potentially unsustainable business model? I have no idea.
This change ripped me too from my previous more or less relaxed status quo (the safety of the value of the CRO I bough for cheap), along with CRO late investors wich now probably fear for the devaluation of their CRO. To say nothing of the blow this represents for my trust (and I believe everyone elses trust) on CDC and its public relations. It's not what CDC did, it's how they did it.
------------------------------------------------------------------------------------------------------------------------------------------------
Wether you actually bothered to read all I wrote or just skip everything (can't blame you), I'm eager to hear your opinions and whatever criticisms on my opinions you may have.
If you just want to vent at me, you are welcome too; now you can raise your pitchforks and torches.
submitted by BoilingGarbage to Crypto_com [link] [comments]

I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? -74%

I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? -74%

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 31 -74%
See the full blog post with all the tables here.
tl;dr: purchased $100 of Top Ten Cryptos in Jan. 2018, haven't sold or traded, repeated in 2019 and 2020, update y'all monthly. July was very strong for crypto. For 2018 Top Ten: ADA finished the month on top. ETH and XRP also very strong. Overall, BTC still waaaay in the lead and is approaching break even point. Three cryptos (IOTA,NEM, DASH) have lost over 90% of value. Over three years, cryptos outperforming S&P if I'd taken a similar approach.

Month Thirty One – Down 74%

Summary after 31 months
Crypto came roaring back in July after an almost all-red June. Each crypto in the 2018 Top Ten finished July at a significantly higher value, led by ADA which ended the month +57%.

Question of the month:

Which member of all three Top Ten Crypto Index Fund Experiments turned 5 years old in July?

A) Bitcoin B) Ethereum C) Bitcoin Cash D) XRP
Scroll down for the answer.

Ranking and July Winners and Losers

Not a ton of movement for the 2018 Top Ten group this month. Cardano and XRP both climbed one position while NEM gained two, clawing itself back into the Top Thirty. Dash headed in the other direction, dropping two places in the rankings.
Considering all that has changed in the world of crypto since the beginning of 2018, it’s interesting to note that only four out of the ten cryptos that started 2018 in the Top Ten have dropped out. NEM, Dash, IOTA, and Stellar have been replaced by Binance Coin, Tether, BSV, and newcomer CRO.
July Winners – It was a very strong month: all cryptos made significant gains in July. But for the third month in a row ADA outperformed the field, gaining +57% in July. ETH finished a close second, up +55% followed by XRP which gained +52%.
July Losers – Even during a good month, NEM can’t catch a break. Its +23% gain made it the worst performer of the 2018 Top Ten.
How has your favorite crypto fared over the first 31 months of the 2018 Top Ten Crypto Index Fund Experiment?
Bitcoin still has the most monthly wins (7) but look at this: thanks to its strong 2020 including three straight monthly wins, Cardano is now right behind BTC with 6 monthly wins. Which project has the most monthly losses? NEM stands alone with 6. Every crypto has at least one monthly win and Bitcoin is unique as the only cryptocurrency that hasn’t lost a month. It came close this month, gaining “only” +26%.

Overall update – BTC approaching break even point, second place ETH in the lonely middle, NEM still worst performing.

Although it wasn’t able to keep pace with its peers in July, BTC continues to slowly but surely approach its break even point. It is down about $1,500 (-12%) since my purchase in January 2018. My initial investment of $100 thirty-one months ago is now worth about $88.
Even though Ethereum has lost half of its value since the experiment began, it is all alone in second place: no other crypto is close.
NEM seems comfortable in its usual place, down at the bottom. It has lost -94% over the life of the experiment. That initial $100 investment in NEM is now worth $5.78. Dash and IOTA join NEM as the only three cryptos in the Top Ten that have lost at least -90% of their value since January 2018.

Total Market Cap for the entire cryptocurrency sector:


Total market cap since Jan 2018
The crypto market added about $82B in July, making up a ton of ground. The last time we saw a similar level in terms of overall crypto market cap was way back in the fifth month of the 2018 Top Ten Experiment: May 2018.

Bitcoin dominance:

Le Bitdom since January 2018
Since Bitcoin receives much of the attention in the press, it may surprise the casual observer to learn that Bitcoin Dominance dropped quite a bit in July, especially considering BitDom had been stuck at roughly the same level for most of 2020. This signals an interest in altcoins and a willingness to buy into riskier cryptos.
Some context: since the beginning of the experiment, the range of Bitcoin dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.

Overall return on investment since January 1st, 2018:

The 2018 Top Ten Portfolio gained over $70 in July 2020. If I cashed out today, my $1000 initial investment would return about $260, down -74% from January 2018.
This sounds horrible but don’t hang yourself with a celibate rope: the 2018 return on investment is back where it was about a year ago. Take a look at the ROI over the life of the experiment, month by month, for some context:
Yes, you may notice that the 2018 Top Ten portfolio has finished over half of the first thirty one months down at least -80%, but it’s nice to see the low -70s for a change.
So the Top Ten Cryptos of 2018 are down -74%. What about the 2019 and 2020 Top Tens? Let’s take a look:
So overall? Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $3,6965 ($260+ $1,722 +$1,713).
That’s up about +23% for the three combined portfolios, compared to -10% last month. It also marks the highest ROI of the three combined portfolios since I added this metric this year. The previous high was +13% back in January 2020.
Having trouble visualizing? Don’t worry, I got what you need:
Combined ROI
So, a +23% gain by dropping $1k on whichever cryptos were in the Top Ten on January 1st for three straight years, fine. But what if I’d done the same with just one crypto? Bitcoin always wins, right? Thanks to Reddit user u/sebikun for the idea for a new metric and let’s take a look:
3-year club ROI
As you can see, only five cryptos have remained in the Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC. Best one to have gone all in on at this point in the Experiment? Ethereum, which would have nearly doubled. Worst choice? If I went with XRP, I would have been down -23%.

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. The US economy continued to recover in July: the S&P 500 is back up to pre-COVID levels. The initial $1k investment into crypto on January 1st, 2018 would have been worth about $220 had it been redirected to the S&P.
But what if I took the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments? Here are the numbers:
  • $1000 investment in S&P 500 on January 1st, 2018: +$220
  • $1000 investment in S&P 500 on January 1st, 2019: +$310
  • $1000 investment in S&P 500 on January 1st, 2020: +$10
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,540.
That is up over+18% since January 2018, compared to a +23% gain of the combined Top Ten Crypto Experiment Portfolios.
That’s a 5% swing in favor of the Top Ten Crypto Portfolios! As you’ll see in the table below, this is the first time since I started recording this metric that crypto has outperformed the S&P had I taken a similar investment approach. This is a big turnaround from the 22% difference in favor of the S&P just last month.

3 x $1k crypto vs. S&P

Implications/Observations:

The 2018 Top Ten Cryptos have consistently under-performed when compared to the overall crypto market. This month, for example, the total market cap is down -29% from January 2018 compared to the -74% loss for the cryptos that began 2018 in the Top Ten. At no point in the first 31 months of the Experiment has this investment strategy been successful: the 2018 Top Ten as a group have under-performed the overall market every single month.
This of course suggests that I would have done a bit better if I’d picked every crypto, or different cryptos: throwing that $1k on January 1st, 2018 to Bitcoin, for example, would have lost me -12% instead of -74%.
On the other hand, this bit of diversification has served me well compared to going all in on NEM, Dash, or IOTA, all of which are down at least -90%.
The follow-on Top Ten experiments in 2019 and 2020 have seen similar, but not identical, results. There have been a few examples of the Top Ten approach outperforming the overall market in the first 19 months of the parallel 2019 Top Ten Crypto Experiment. And up until the last few months of the most recent 2020 Top Ten Index Fund group of cryptocurrencies, this approach had outperformed the overall market 100% of the time.

Conclusion:

Crypto had an undoubtedly strong month in July, green across the board. Was this just a happy blip, are we in for some consolidation, or are we on the way up? Stay tuned.
Final words: take care of each other, wear your mask, wash your hands.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.

And the Answer is…

B) Ethereum
Ethereum celebrated its 5 year anniversary on July 30th, 2020.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent

DDDD - The Rise of “Buy the Dip” Retail Investors and Why Another Crash Is Imminent
In this week's edition of DDDD (Data-driven DD), I'll be going over the real reason why we have been seeing a rally for the past few weeks, defying all logic and fundamentals - retail investors. We'll look into several data sets to see how retail interest in stock markets have reached record levels in the past few weeks, how this affected stock prices, and why we've most likely seen the top at this point, unless we see one of the "positive catalysts" that I mentioned in my previous post, which is unlikely (except for more news about Remdesivir).
Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion. In fact, the numbers, facts, or explanations presented below could be wrong and be made up. Don't buy random options because some person on the internet says so; look at what happened to all the SPY 220p 4/17 bag holders. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.
Inspiration
Most people who know me personally know that I spend an unhealthy amount of my free time in finance and trading as a hobby, even competing in paper options trading competitions when I was in high school. A few weeks ago, I had a friend ask if he could call me because he just installed Robinhood and wanted to buy SPY puts after seeing everyone on wallstreetbets post gains posts from all the tendies they’ve made from their SPY puts. The problem was, he actually didn’t understand how options worked at all, and needed a thorough explanation about how options are priced, what strike prices and expiration dates mean, and what the right strategy to buying options are. That’s how I knew we were at the euphoria stage of buying SPY puts - it’s when dumb money starts to pour in, and people start buying securities because they see everyone else making money and they want in, even if they have no idea what they’re buying, and price becomes dislocated from fundementals. Sure enough, less than a week later, we started the bull rally that we are currently in. Bubbles are formed when people buy something not because of logic or even gut feeling, but when people who previously weren’t involved see their dumb neighbors make tons of money from it, and they don’t want to miss out.
A few days ago, I started getting questions from other friends about what stocks they should buy and if I thought something was a good investment. That inspired me to dig a bit deeper to see how many other people are thinking the same thing.
Data
Ever since March, we’ve seen an unprecedented amount of money pour into the stock market from retail investors.
Google Search Trends
\"what stock should I buy\" Google Trends 2004 - 2020
\"what stock should I buy\" Google Trends 12 months
\"stocks\" Google Trends 2004 - 2020
\"stocks\" Google Trends 12 months
Brokerage data
Robinhood SPY holders
\"Robinhood\" Google Trends 12 months
wallstreetbets' favorite broker Google Trends 12 months
Excerpt from E*Trade earnings statement
Excerpt from Schwab earnings statement
TD Ameritrade Excerpt
Media
cnbc.com Alexa rank
CNBC viewership & rankings
wallstreetbets comments / day

investing comments / day
Analysis
What we can see from Reddit numbers, Google Trends, and CNBC stats is that in between the first week of March and first week of April, we see a massive inflow of retail interest in the stock market. Not only that, but this inflow of interest is coming from all age cohorts, from internet-using Zoomers to TV-watching Boomers. Robinhood SPY holdings and earnings reports from E*Trade, TD Ameritrade, and Schwab have also all confirmed record numbers of new clients, number of trades, and assets. There’s something interesting going on if you look closer at the numbers. The numbers growth in brokers for designed for “less sophisticated” investors (i.e. Robinhood and E*Trade) are much larger than for real brokers (i.e. Schwab and Ameritrade). This implies that the record number of new users and trade volume is coming from dumb money. The numbers shown here only really apply to the US and Canada, but there’s also data to suggest that there’s also record numbers of foreign investors pouring money into the US stock market as well.
However, after the third week of March, we see the interest start to slowly decline and plateau, indicating that we probably have seen most of those new investors who wanted to have a long position in the market do so.
SPX daily
Rationale
Pretty much everything past this point is purely speculation, and isn’t really backed up by any solid data so take whatever I say here with a cup of salt. We could see from the graph that new investor interest started with the first bull trap we saw in the initial decline from early March, and peaking right after the end of the crash in March. So it would be fair to guess that we’re seeing a record amount of interest in the stock market from a “buy the dip” mentality, especially from Robinhood-using Millennials. Here’s a few points on my rationalization of this behavior, based on very weak anecdotal evidence
  • They missed out of their chance of getting in the stock market at the start of the bull market that happened at the end of 2009
  • They’ve all seen the stock market make record gains throughout their adult lives, but believing that the market might be overheated, they were waiting for a crash
  • Most of them have gotten towards the stage of their lives where they actually have some savings and can finally put some money aside for investments
  • This stock market crash seems like their once-in-a-decade opportunity that they’ve been waiting for, so everyone jumped in
  • Everyone’s stuck at their homes with vast amounts of unexpected free time on their hands
Most of these new investors got their first taste in the market near the bottom, and probably made some nice returns. Of course, since they didn’t know what they were doing, they probably put a very small amount of money at first, but after seeing a 10% return over one week, validating that maybe they do know something, they decide to slowly pour in more and more of their life savings. That’s what’s been fueling this bull market.
Sentiment & Magic Crayons
As I mentioned previously, this bull rally will keep going until enough bears convert to bulls. Markets go up when the amount of new bullish positions outnumber the amount of new bearish positions, and vice versa. Record amounts of new investors, who previously never held a position in the market before, fueled the bullish side of this equation, despite all the negative data that has come out and dislocating the price from fundamentals. All the smart money that was shorting the markets saw this happening, and flipped to become bulls because you don’t fight the trend, even if the trend doesn’t reflect reality.
From the data shown above, we can see new investor interest growth has started declining since mid March and started stagnating in early April. The declining volume in SPY since mid-March confirms this. That means, once the sentiment of the new retail investors starts to turn bearish, and everyone figures out how much the stocks they’re holding are really worth, another sell-off will begin. I’ve seen something very similar to this a few years ago with Bitcoin. Near the end of 2017, Bitcoin started to become mainstream and saw a flood of retail investors suddenly signing up for Coinbase (i.e. Robinhood) accounts and buying Bitcoin without actually understanding what it is and how it works. Suddenly everyone, from co-workers to grandparents, starts talking about Bitcoin and might have thrown a few thousand dollars into it. This appears to be a very similar parallel to what’s going on right now. Of course there’s differences here in that equities have an intrinsic value, although many of them have gone way above what they should be intrinsically worth, and the vast majority of retail investors don’t understand how to value companies. Then, during December, when people started thinking that the market was getting a bit overheated, some started taking their profits, and that’s when the prices crashed violently. This flip in sentiment now look like it has started with equities.
SPY daily
Technical Analysis, or magic crayons, is a discipline in finance that uses statistical analysis to predict market trends based on market sentiment. Of course, a lot of this is hand-wavy and is very subjective; two people doing TA on the same price history can end up getting opposite results, so TA should always be taken with a grain of salt and ideally be backed with underlying justification and not be blindly followed. In fact, I’ve since corrected the ascending wedge I had on SPY since my last post since this new wedge is a better fit for the new trading data.
There’s a few things going on in this chart. The entire bull rally we’ve had since the lows can be modelled using a rising wedge. This is a pattern where there is a convergence of a rising support and resistance trendline, along with falling volume. This indicates a slow decline in net bullish sentiment with investors, with smaller and smaller upside after each bounce off the support until it hits a resistance. The smaller the bounces, the less bullish investors are. When the bearish sentiment takes over across investors, the price breaks below this wedge - a breakdown, and indicates a start of another downtrend.
This happened when the wedge hit resistance at around 293, which is around the same price as the 200 day moving average, the 62% retracement (considered to be the upper bound of a bull trap), and a price level that acted as a support and resistance throughout 2019. The fact that it gapped down to break this wedge is also a strong signal, indicating a sudden swing in investor sentiment overnight. The volume of the break down also broke the downwards trend of volume we’ve had since the beginning of the bull rally, indicating a sudden surge of people selling their shares. This doesn’t necessarily mean that we will go straight from here, and I personally think that we will see the completion of a heads-and-shoulders pattern complete before SPY goes below 274, which in itself is a strong support level. In other words, SPY might go from 282 -> 274 -> 284 -> 274 before breaking the 274 support level.
VIX Daily
Doing TA is already sketchy, and doing TA on something like VIX is even more sketchy, but I found this interesting so I’ll mention it. Since the start of the bull rally, we’ve had VIX inside a descending channel. With the breakdown we had in SPY yesterday, VIX has also gapped up to have a breakout from this channel, indicating that we may see future volatility in the next week or so.
Putting Everything Together
Finally, we get to my thesis. This entire bull rally has been fueled by new retail investors buying the dip, bringing the stock price to euphoric levels. Over the past few weeks, we’ve been seeing the people waiting at the sidelines for years to get into the stock market slowly FOMO into the rally in smaller and smaller volumes, while the smart money have been locking in their profits at an even slower rate - hence an ascending wedge. As the amount of new retail interest in the stock market started slowed down, the amount of new bulls started to decline. It looks like Friday might have been the start of the bearish sentiment taking over, meaning it’s likely that 293 was the top, unless any significant bullish events happen in the next two weeks like a fourth round of stimulus, in which case we might see 300. This doesn’t mean we’ll instantly go back to circuit breakers on Monday, and we might see 282 -> 274 -> 284 -> 274 happen before panic, this time by the first-time investors, eventually bringing us down towards SPY 180.
tldr; we've reached the top
EDIT - I'll keep a my live thoughts here as we move throughout this week in case anyone's still reading this and interested.
5/4 8PM - /ES was red last night but steadily climbed, which was expected since 1h RSI was borderline oversold, leaving us to a slightly green day. /ES looks like it has momentum going up, but is approaching towards overbought territory now. Expecting it to go towards 284 (possibly where we'll open tomorrow) and bouncing back down from that price level
5/5 Market Open - Well there goes my price target. I guess at this point it might go up to 293 again, but will need a lot of momentum to push back there to 300. Seems like this is being driven by oil prices skyrocketing.
5/5 3:50PM - Volume for the upwards price action had very little volume behind it. Seeing a selloff EOD today, could go either way although I have a bearish bias. Going to hold cash until it goes towards one end of the 274-293 channel (see last week's thesis). Still believe that we will see it drop below 274 next week, but we might be moving sideways in the channel this week and a bit of next week before that happens. Plan for tomorrow is buy short dated puts if open < 285. Otherwise, wait till it goes to 293 before buying those puts
5/5 6PM - What we saw today could be a false breakout above 284. Need tomorrow to open below 285 for that to be confirmed. If so, my original thesis of it going back down to 274 before bouncing back up will still be in play.
5/6 EOD - Wasn't a false breakout. Looks like it's still forming the head-and-shoulders pattern mentioned before, but 288 instead of 284 as the level. Still not sure yet so I'm personally going to be holding cash and waiting this out for the next few days. Will enter into short positions if we either go near 293 again or drop below 270. Might look into VIX calls if VIX goes down near 30.
5/7 Market Open - Still waiting. If we break 289 we're probably heading to 293. I'll make my entry to short positions when we hit that a second time. There's very little bullish momentum left (see MACD 1D), so if we hit 293 and then drop back down, we'll have a MACD crossover event which many traders and algos use as a sell signal. Oil is doing some weird shit.
5/7 Noon - Looks like we're headed to 293. Picked up VIX 32.5c 5/27 since VIX is near 30.
5/7 11PM - /ES is hovering right above 2910, with 4h and 1h charts are bullish from MACD and 1h is almost overbought in RSI. Unless something dramatic happens we'll probably hit near 293 tomorrow, which is where I'll get some SPY puts. We might drop down before ever touching it, or go all the way to 295 (like last time) during the day, but expecting it to close at or below 293. After that I'm expecting a gap down Monday as we start the final leg down next week towards 274. Expecting 1D MACD to crossover in the final leg down, which will be a signal for bears to take over and institutions / day traders will start selling again
5/8 Market Open - Plan is to wait till a good entry today, either when technicals looks good or we hit 293, and then buy some SPY June 285p and July 275p
5/8 Noon - Everything still going according to plan. Most likely going to slowly inch towards 293 by EOD. Will probably pick up SPY puts and more VIX calls at power hour (3 - 4PM). Monday will probably gap down, although there's a small chance of one more green / sideways day before that happens if we have bullish catalysts on the weekend.
5/8 3:55PM - SPY at 292.60. This is probably going to be the closest we get to 293. Bought SPY 290-260 6/19 debit spreads and 292-272 5/15 debit spreads, as well as doubling down on VIX calls from yesterday, decreasing my cost basis. Still looks like there's room for one more green day on Monday, so I left some money on the side to double down if that's the case, although it's more likely than not we won't get there.
5/8 EOD - Looks like we barely touched 293 exactly AH before rebounding down. Too bad you can't buy options AH, but more convinced we'll see a gap down on Monday. Going to work on another post over the weekend and do my updates there. Have a great weekend everyone!
submitted by ASoftEngStudent to wallstreetbets [link] [comments]

How I plan to identify and sell the top of the next market cycle.

In this post I will share with you some of the strategies I will use to identify the next market cycle top so I can sell for maximum profits (and of course buy back in later in the subsequent bear market!) In the first part of this post I will discuss the resources I will use and in the second part I will discuss tactics in selling and risk management.

Indicators

As the bull run begins to drag on and the price of ETH starts getting closer and closer to $10k I will begin to start watching many of the data science charts over at Look into Bitcoin. This will not be the only source I will use since there are great custom tools on TradingView too as well as more subjective indicators such as friends and family talking crypto and hearing about crypto again in the mainstream media. I’d also like to note that many of the indicators I will be looking at will be Bitcoin focused despite my ETH centred portfolio. Like it or not, this market is still Bitcoin dominated and despite the many proponents of an ETH flippening (myself included), it is quite likely that we will not see it this cycle due to the macro investing environment favouring assets which are good stores of value to weather the uncertainty. Ultimately, Bitcoin has the best store of value meme in crypto and that will be very powerful in the coming years.
I think it is likely that the time for Ethereum or a network like Ethereum with a yielding asset (ETH under ETH 2.0) and a native economy of DeFi, DApps, NFTs and much more will be once all of the stock market uncertainty is over and investors are ready to take on more risk again. I am of course still expecting Ethereum and altcoins to outperform Bitcoin this cycle. However, I think that Bitcoin losing the number 1 spot will be more likely to happen between 2023 and 2030 rather than in the next 2-3 years. I hope I am wrong though.
While most of the indicators on Looking into Bitcoin are useful, I will list the ones I’ll be focusing on the most here:
And finally my favourite, the Golden Ratio Multiplier. This indicator has been remarkably accurate at predicting tops using the golden ratio (1.6) and the fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21) multiplied by the 350 day moving average. With each market cycle, the 350 day moving average is multiplied by the next number down in the fibonacci sequence. For example, the 2013 peak only just passed above the 350 day moving average multiplied by 8 and the 2017 bull market just touched the 350 day moving average multiplied by 5. So if this indicator is to work in the next cycle, we can expect the price to slightly exceed 3 times the value of the 350 day moving average. This indicator also worked for Ethereum in the 2017 bull run. While there is no graph for it, on the 13th of January, when ETH hit a peak of $1,419, the 350 day moving average was at $270. $270 multiplied by 5 is $1,350. If you sold at $1,350 you sold incredibly close to the top and I don’t think that any macro traders/long term traders would complain about that timing.
I’d like to note that while indicators like the Golden Ratio Multiplier factors in for less explosive growth each cycle, not all of the above indicators do. So be cautious of this when you think the peak is near as it may be closer than you think. In saying that, there is a lot of luck involved so I should also point out that it also might not be closer than you think. However, it would be better to sell before the peak at say $10,000/BTC as of 2017 than to be left holding all of your crypto when the bear market begins since Bitcoin didn’t spend much time above $10,000/BTC after the $20K peak. Ultimately it is up to you to decide your risk appetite and how well you want to try and time the market. For me, I will definitely be on the conservative side so that I don’t miss the boat completely and hopefully I will be able to sell most of my crypto just before we peak rather than afterwards.

Risk Management

Since timing the top requires a lot of luck, a good method of mitigating the risk is to spread out when you sell. I’m going to share with you my personal strategy but I recommend that you create your own strategy or use this as a basis from which you can use to adjust and tweak it to optimally suit your situation. If you have a large stack, you will probably want to sell early since you might not need such spectacular gains to lock in some life changing money. On the other hand, if you have a smaller stack or if you are younger, you can afford to take more risk and might want to try and time the absolute peak a bit better to get that much closer to making some life changing money. Personally, while my stack isn’t very big in dollar terms, it is a significant % of my net worth and so I don’t have a high risk tolerance with it (at least relative to other people in crypto!) For this reason I will be selling a little bit on the early side.
My plan has three pots of crypto. 20% of my crypto I will hold indefinitely since I very strongly believe in the long term prospect of ETH and BTC as investments. This way if I time the markets terribly, I will always have some skin in the crypto game. The second pot of crypto is 40% which I will sell on the way up to take some profits and I don’t intend on putting this money back into crypto. Initially I will be selling very small amounts of this 40% and as the indicators listed above get closer and closer to calling a top, I will sell larger proportions of this crypto. I haven’t set specific target numbers since things change fast in this space and I feel like the best decisions in this case are made in the moment. For example, estimating a market top is hard when it is 2-3 years away, but it is much easier when it is just months or weeks away. Once again, this is just personal preference. Many of you will find that setting targets now makes it easier for you to pull the trigger and take some profits when everyone else is calling $1M BTC while it is at $100K or calling for $100K ETH when the current price might be $10K.
Finally, the last 40% I will sell all at once when I feel like we are at the top and I am confident that the price will be lower a year on from that point in time. With this 40% I will try and buy back during the bear market with the help of many of the same indicators I listed above from Look into Bitcoin. I will also use some indicators which I didn’t mention above since some are better designed at identifying market bottoms. My goal is to be able to buy back the number of BTC and ETH I held before I sold anything with this 40% (plus the 20% I didn’t sell). This is a big ask but it is better in life to set hard goals that seem unattainable or unrealistic than it is to set easy goals.
To summarise my portfolio strategy, 20% of my portfolio is an indefinite hold, 40% I will sell on the way up and I do not intend on buying back into crypto with this money so I can avoid being over-exposed to crypto. The last 40% I will use to try and sell the top and buy the bottom.

Closing Notes

As a closing note I would like to say that it will be important to be aware of the power of greed and FOMO. Do not under-estimate these emotions and try to remain a grounded and rational investor. Don’t be scared to take profits. I know from experience trading altcoins that it is better to exit a position early and miss out on another 100% price increase than it is to hold through a bear market and take >90% losses. If you go into this bullrun telling yourself you will take profits on the way up, you will have no reason to regret any early sales since you will know that you made a rational trade and not an emotional trade.
submitted by Tricky_Troll to ethfinance [link] [comments]

I'm willing to sacrifice a lot to get rid of hackers...

Let me just start by saying i love EFT and have played it pretty much religiously since last wipe.
I've spent nearly 1500 hours playing Tarkov and is has truly become one of my favorite games of all time. There are so many things about it that are really satisfying, and though as a community we may disagree on Item Balancing, FIR, Quests, Maps, etc, there is one thing that will 100% kill this game if it continues: Hackers. The hacking problem has legit gotten out of control. Maybe i'm unlucky, or maybe it's the servers I play (US East), but legit 40-50% of the raids I run in Labs have blatant hackers. You know - the kind that stampede throughout the map like nobody else has a gun, then one tap you through a wall with M61 when you haven't made a sound for the last 15 minutes.
I used to think this was exclusive to labs, but I've seen them in Shoreline, Interchange, Reserve, Damn near every map I play (Though they are still much more common in Labs). So the question is how do we fix it? I understand that BSG is diligently working on banning accounts, and the upcoming report feature will surely help us highlight potential cheaters. In addition they are working on their infrastructure / back end which are probably the best thing for a long-term solution. But what about short-term? Terrible experiences with hackers completely killed my groups motivation to play, and I know we're not alone.
The biggest problem from my perspective is that hacking is profitable due to RWT, therefore it's not a stretch for them to spend another $30 on a new account when they're caught. So for this reason it would also seem logical to go after the RWTers which are making hacking profitable. If we could narrow down the hacker problem to the group of people that are just doing it because cheating in competitive games is so much fun I believe that would eliminate 90% or more of the hackers.
So what I am proposing is to make some major short-term concessions in order to ensure that Tarkov stays relevant, as hacking in a competitive full-loot game will undoubtedly destroy it. Some of the ideas I think would greatly reduce the incentive to hack are:
-Removal of the Flea Market. (There would likely need to be more items for sale at traders, and more trading / crafting recipes to make this less painful). But to my knowledge this is the main way RWTers are transfering wealth, which is fueling the hacking problem.
-Disable the ability to bring non-usable items into raid. Many of the smallest and most profitable items to RWT aren't usable objects in raid, therefore there's no logical reason to bring Bitcoin, Ledx, Graphics Cards, etc. The part that would suck about this is that legit players won't be able to trade a scuffed Ledx to their buddy for the hideout upgrade, but I think it's a relatively small price to pay to make the game competitive.
-If the above suggestion isn't enough then just remove the ability to extract with squad members gear. In most situations you just hide your buddies gear anyways, so removing the ability to extract the raid with items that they brought into the raid doesn't seem like a big problem.
Anyways, I'm done ranting now. I'm sure there are other creative ways to potentially solve this problem, so let me know if you think of any.
tl;dr Experiences with hackers completely killed my groups motivation to play, and I know we're not alone. In order to greatly reduce the incentive for people to hack we need to go after the RWTers, as it is fueling the fire and making hacking profitable even if they're eventually banned. (I believe a majority of hackers aren't just doing it for fun and if they are they most likely wouldn't continue buying accounts).
Some things I think would help are removing the flea market, disabling the ability to bring useless items into raids, and possibly removing the ability to extract with the gear your squad members brought in. These are temporary solutions that should help to restore the integrity of the game, at least until BSG has a better long-term fix. Let me know if you have any other ideas!
submitted by UNTAR-MAN to EscapefromTarkov [link] [comments]

[WTS] Larger Lot of Gold/Platinum/Silver/Jewelry

Proof: https://imgur.com/a/7xQGIbC
All prices based on spot price of gold @ $1,970/oz , silver @ $24.25/oz, platinum @ $915/oz (7/31/20). Prices good with gold spot below $1990, silver below $25. I am not a coin grader. The condition of any coin listed is how it was listed when I acquired it. I will be more than happy to provide any detailed, unedited photos for any coin. Unless specifically mentioned, assume coins are in generally good condition. Noticeable defects potentially affecting the value will attempt to be noted. I try to price my items substantially below the lowest price I can find online from a national dealer. If you see a legitimate cheaper price, let me know and I may very well adjust my price. FYI, I am in Eastern time zone if I do not respond, may be sleeping.
PLATINUM LISTINGS
Proof: https://imgur.com/a/FcUg9BV

Physical platinum has been hard to come by and premiums have been high. Lucky to have these to list:
1 oz Argor-Heraeus Platinum Bars in assay x 10 9 8 — $990/ea (spot plus $75)


GOLD LISTINGS
Proof: https://imgur.com/a/bGofCRx

2009-W Ultra High Relief Proof St. Gauden 24K in OGP. Quite simply, this may be the coolest coin I have ever seen! — $2,250
1 oz slabbed American Gold Eagle 25th Anniversary Early Release, MS70 NGC (2011) — $2,150 (Note: slab has some scratches on it, the coin is fine)
1924 slabbed $20 St. Gaudens gold double eagle, MS63 PCGS — $2,050
1925 Slabbed $20 St. Gaudens gold double eagle, MS64 PCGS -- $2,275
1911-S Slabbed $20 St. Gaudens gold double eagle, MS63 Blanchard — $2,200
1910 Raw $20 St. Gauden gold double eagle — $2,025
$10 Gold Liberty Head x 2 (1894, 1899) — $1,010/ea
2018-W Slabbed First Strike PCGS MS70 American Gold Eagle — $2,175
Cleaned 1899 $5 Liberty head gold coin — $535
2002 slabbed Salt Lake City Olympics $5 gold commemorative, MS69 PCGS (0.2419 oz) — $485

Proof: https://imgur.com/a/bGofCRx

100gm (10x10) Valcambi Combicard in assay. Individually @ $73/ea x 100. I will risky ship up to 3 of these in an envelope for $1 @ buyer’s risk. It will not be tracked and I do not like doing it. Would prefer $4 bubble mailer, but buyer’s choice.
1 oz gold bars in assay [Valcambi x 2 1, Sunshine Mint, PAMP Religious Romanesque (Note: some peeling of clear cover for PAMP — pictures if desired)] — $2,030
1 oz Credit Suisse gold bar, in plastic but not assay — $2,030
Sterngold, 99.95%, used in making dental alloys, 1gm each x 30. This is a unique item not likely to be found in many collector’s stash. I will risky ship up to 3 of these in an envelope for $1 @ buyer’s risk. It will not be tracked and I do not like doing it. Would prefer $4 bubble mailer, but buyer’s choice— $71/ea

Proof: https://imgur.com/a/wa1mLWZ

1oz American Gold Eagle, BU (1989, Roman numerals) — $2,060
1oz American Gold Eagle (1986, Roman numerals) — $2060
1 oz gold Pandas (1987, 2011) — 1987 sealed, BU — $2,175 ; 2011, uncirculated — $2,250
1 oz Gold Apartheid era South African Krugerrands x 42 (1975 x 2, 1977, 1978, 1979 x 27, 1980, 1981 x 8, 1982, 1984) — $2,040/ea
1 oz Gold American Buffalos (2016 x 1, 2006 x 2) [NOTE: both 2006 have a slight ding on the rim. Sealed in plastic, not ex-jewelry, but slight ding. Photos if desired)] — $2,070 for 2016, $2,065/ea for 2006’s with ding
1 oz Gold Brittania, BU (2020) — $2,065
1 oz unique Canada Golden Eagle, BU (2018). This is .99999 pure (that is five 9’s). Highest purity I am aware of — $2,070
1 oz Gold Austrian Philharmonics, BU (1994 x 1, 1999 x 1) — $2,040/ea
1 oz Gold Canadian Maple Leafs x 8 (1980 x 2, 1981, 2002 with red on “F” of fine gold on reverse, 2002 x 3 with some small scratches, 2011) — $2050/ea
1/4 oz American Gold Eagles x 6 4 (1988 Roman Numeral, 2013, 2014, 2015 x 2, 2020) — $565/ea
1/10oz American Gold Eagles in display (5 coins), BU (2006, 2012) — $1,200/ea
Empty case to display your own set of 5 1/10 oz American Gold Eagles— $10
1/4oz Gold Brittanias, BU (2013 x4) — $600/ea
50 Pesos Mexican Gold x 10 (1947 Restrikes x 8, 1943, 1944) — $2,460/ea for restrikes, $2,470/ea for ’43, ’44
1/2 oz Gold Apartheid era South African Krugerrands x 3 (1980 x 2, 1981) — $1,100/ea
1/10 oz Gold Apartheid era South African Krugerrands x 25 24 23 (various dates 1980-1984, 2011 (not apartheid era) x 1) — $240/ea
1/10 oz American Gold Eagles (various dates x 43, Roman numeral x 11 7) x 54 50 45 — $240/ea for various dates, $260/ea Roman numeral dates

Proof: https://imgur.com/a/KCjdPAy

2006 American Gold Eagle Proof Set (1 oz, 1/2 oz, 1/4 oz, 1/10 oz — 1.85 total troy oz) in OGP — $3,875
1997 Jackie Robinson $5 gold commemorative set. Comes with COA, baseball card, pin, patch, presentation box. There are some dings on the box. Pictures if desired. (0.2419 oz) — $700 (A portion of the proceeds will go toward a reputable social justice charity)
1987 & 1988 UK Gold Sovereign Proof Sets in nice case (each set has a Double Sovereign: 28.4mm, Sovereign: 22.05mm, Half Sovereign: 19.3mm) -- $1,850/each set (NOTE: the 1988 set is missing the COA.)
Austrian Ducat 4 gold coin x 2 (1915 x 2 ), 0.4438 tory oz gold — $895/ea
20 Francs Gold x 20 15 6 (11 10 4 — Roosters, 5 4 2 -- Swiss Francs, 4 1-French Empire), 0.1867 troy oz of gold/ea — $380/ea
Netherlands Gold 10 Guilder x 5, contain 0.1947 troy oz/ea (1926 x 2, 1927, 1932, 1933) — $470/ea
Gold Libertad 1/20 oz (2016) — $200 OBO
Gold Libertad 1/10 oz, BU (2016) — $340 OBO
Gold Libertad 1/10 oz proof (2016) — $350 OBO
Gold Sovereigns x 5 1, contain 7.315g gold/ea (1902, 1911, 1927 x 2 x 1, 1928) — $475/ea
1/4 oz Gold Canadian Maple (2005) — $565

Proof: https://imgur.com/a/VXzaDUN
Late Addition:
5 3 additional 1976 1 oz Krugerrands — $2,040/ea
6 additional Pandas: Don’t ask me why the premiums on Pandas are so high. They just are. I tried to price about $20+ dollars below the cheapest I could find them online at large dealers. If you find a legitimate lower price, let me know and I may very well adjust the price. 1985 — $2,150, 1987 — $2,120, 1988 — $2,095, 1990 — $2,150, 1991 — $2,150, 2002 — $2,200, 2011 — $2,240
26 25 1/10 oz Australian Battle of the Coral Sea Battle in the Pacific, in capsules — $225/ea
14 additional Netherlands gold 10 guilders — $470/ea


LOW PREMIUM LISTINGS
Proof: https://imgur.com/a/jlE0Xuu
All the time I see posts looking for precious metals “at or near spot.” Well here is your chance. If you don’t purchase these, then you are not really looking for gold at or near spot, you are looking for premium items without the premium. Those deals may be out there, but they are few and far between, with lines of buyers looking to snap them up, including myself. Items here will generally be available for spot + <2%. To get a physical form of a precious metal refined, assayed, and produced into an identifiable and verifiable form/weight/purity for a tad above spot is pretty darn good, regardless of the collectability of the item. I see people paying more premium for scrap gold than some of these.

1976 Canadian Montreal Olympic $100 commemorative (one in OGP (signs of wear), one loose with OGP in worn state but coin is fine, 0.25 oz each). You are not purchasing these for the packaging. — $500/ea
American Arts Gold Medallion Grant Wood, 1 troy oz — $2,005
2010 US Mint First Spouse Series Gold Uncirculated Mary Todd Lincoln 1/2 troy oz in OGP, NOTE: red spot on obverse (See Photo) — $1,005
Cleaned, ex-jewelry $5 Liberty head gold coin (1900, 1906 ), Note: some rim damage, will send photos if desired — $485/ea


JEWELRY LISTINGS
Proof: https://imgur.com/a/QEVcW0F

CRESCENT sterling silver pocket watch case, twist on bezel. Marked with CRESCENT, Sterling, serial number 4188. Amateur engraving with a marked name and 1919. Weighs over 100 grams!!! Pre-owned, with expected signs of tarnish and wear. A ding on back of case (see photo close up) — $75
1913 $5 Indian Head gold coin in 14K bezel, bezel weighs 1.30g — $575
2014 1/10 oz American Gold Eagle in 14K eagle pendant, bezel weighs 3.487g — $400


SILVER LISTINGS

Proof: https://imgur.com/a/MTK1BfP

Proof: https://imgur.com/a/54maJxn
25 Slabbed and Graded American Silver Eagles — Whole lot for $1,000 OBO. May make offers on individual rounds. (SOLD '92. '93, '14W)
For reference, on 8/15, APMEX wholesale site is asking $100/ea for the ‘94’s. Offering to buy ‘14-S for $50 and the NGC MS70 for $120.
—ALL NGC MS69 — 1992, 1993, 1994 x 3, 2000, 2001 x 2, 2002, 2003, 2006, 2007 —ALL NGC MS69 — 2007 Early Release x 7 —NGC MS69 — 2014(W) —NGC MS69 — 2013 First Release —PCGS MS69 — 2008 First Strike —PCGS MS69 — 2014(S) First Strike —PCGS MS69 — 2003 —NGC MS70 — 2003 
100 oz silver bars (Engelhard x 1, Ohio Precious Metals —don’t believe they will be making either of these anymore) — $2,775 /ea
20 oz Scottsdale kit kat bars (2) — $555/ea (1 left)
10 oz Queen's Beasts Series Falcons x 4 — $400/ea
2 oz Queen's Beasts Series -- tubes of Falcons x 4 ($800/ea), Yales x 4 ($580/ea)
1 oz Sunshine Minting Silver Bars x 237 199 — $28.50/ea
1 roll 2006 90% San Francisco Mint Proof Colorado State Washington Quarters — $210 (NOTE: it looks like there might be some small surface scratches on some of the coins. Therefore, they are being priced as just uncirculated.)
Men in Space Series I First Edition, .925 commemorative medals x 2 sets. These are not just sterling silver medals but history depicting the major events in the early years of NASA. https://www.worthpoint.com/worthopedia/danbury-mint-men-space-series-first-411707135 One set in original presentation packaging just like the link. One set loose with a few extra medals (2 additional medals from the 1969 Men in Space series II — 2nd Moon Landing, 1st Space Rescue; one duplicate medal from series I, and one additional First Manned Landing on the Moon Apollo 11 (slightly larger, from unknown series to me)). Sold in lots only. Lot with packaging (21 medals, 0.7 oz each) — $360. Loose lot (25 medals, 0.7 oz each plus 1 slightly larger Appollo 11 as above) — $375

Proof: https://imgur.com/gallery/hRX6XlB
Mexican Silver Lot -- Sold in lots of (10) @ $175/lot. YOU MAY MIX/MATCH
—1952-53 Mexican 5 Pesos Hidalgo, 72% silver, 0.643 troy oz silvecoin (x10)
—1977-79 Mexican 100 Pesos, 72% silver, 0.643 troy oz silvecoin (x10)
—1968— Mexican Olympic 25 Pesos, 72% silver, 0.521 troy oz silvecoin (x20)

1973 Mundinero World Trade rounds x 2 tubes — $600/ea
1973 Mundinero World Trade Rounds with 14 of the 20 being High Relief — $640
Generic Rounds (mostly buffalos, I believe ) x 10 tubes — $560/tube
Few loose generic rounds x 6 — $28/ea
2 Painted American Silver Eagles — $30/ea
’84-’85 Engelhard Prospector Rounds x 2 tubes — One tube of (20) — $660; One tube of (17) — $560
Canadian Maple Tubes of 25 x 3 (2012 x 2, 2008 x 1, NOTE: 2008 rounds have some milk spots) — $725/tube

Proof: https://imgur.com/a/XnRiLPW
Lot of 17 premium rounds: Philharmonics x4, Brittanias x 5, 2018 Republic Of Chad African Lion x 2, Krugerrands x 3, Australian Kangaroo x 1, Super Pit Australia x 2 — $488. Sold only as a lot.
Lot of fractional silver rounds, 1.35 ASW — 1/4 oz indian head, 1/4 oz walking liberty, 1/4 oz buffalo nickel, 1/10 oz indian head x 3, buffalo x 1, Morgan x 1 — $44. Sold only as a lot.

LOW PREMIUM LISTINGS
Proof: https://imgur.com/a/R9NuZj8
All the time I see posts looking for precious metals “at or near spot.” Well here is your chance. If you don’t purchase these, then you are not really looking for silver at or near spot, you are looking for premium items without the premium. Those deals may be out there, but they are few and far between, with lines of buyers looking to snap them up, including myself. Items here will generally be available for spot + <2%. To get a physical form of a precious metal refined, assayed, and produced into an identifiable and verifiable form/weight/purity for a tad above spot is pretty darn good, regardless of the collectability of the item. I see people paying more premium for scrap than some of these.

Silver war nickels @ $1.36/ea (BELOW SPOT), 8,500+ available, minimum quantity of 100

Large lot of Canadian — further info on request. Prefer to sell this in larger lots grouped together, not piecing it out or small lots. Take the whole lot for $3,000, or:
—$1.75fv, .925 — $33 —$20.25fv, ’67-’68, 50% (mostly all quarters) — $185 —$164.35fv, pre ’67, 80% (includes 65 $1) — $2,400 —1976 Montreal Olympic .925 $10 commemoratives x 9, 1.4454 troy oz/ea — $40/ea —1972 .925 $25 Cayman Island Silver Anniversary x 1, 1.5271 troy oz — $42.50 

TERMS: All eligible items are verified with a sigma precious metal verifier or Kee gold tester. Prices are generally based on the underlying spot price. Large fluctuations in spot prices could affect the price of items listed. Shipping will generally be at cost. USPS first class starts @ $4, SFRB @ $8.50, signature @ $2.50. Will insure for 1.1% of purchase price. Shipping is at buyer’s risk. All items will be tracked, but I cannot be responsible for what happens on your porch. Would recommend delivery to a secure box for precious metals. Accept in order of preference: 1st — Zelle or Venmo; 2nd — PPFF (no comments), PPG&S @ +3.0%; Last resort: I have recently acquired the ability to accept Bitcoin, but am still learning. Be patient and fees will be at buyer’s expense, but I will try to work with you if other options do not suffice. Other forms of payment will be considered. Thank you!
submitted by AgAuSeller to Pmsforsale [link] [comments]

Coinbase Mega-Thread (Post all Referral Links Here)

Coinbase have recently opened up their earn feature to multiple new users so we are making a new thread to allow everyone to have access to fresh links in order to complete the Coinbase Earn quizzes and earn a good chunk of money very easily!
1st off Coinbase allows new users to get $10 Worth of bitcoin for free, when you first buy $100 worth of bitcoin. Just click HERE and purchase atleast $100 worth of bitcoin to get the free bitcoin.
COINBASE EARN
Direct Link for Coinbase Earn - https://www.coinbase.com/earn
A classic for many many months now, Coinbase Earn allows users to sign up and earn crypto currency for free. Most of these seem to be on a waitlist basis and personally ive heard people can be accepted straight away or wait months to get in so its kinda unknown how long it will take!
If you do get accepted however, these are the following tasks and answers to the questions! Good Luck!
Earn up to $50 of OXT
Click here and answer the questions
Answers are:
  1. A peer to peer privacy tool.
  2. The OXT Token, a Web3 Wallet, and the Orchid App
  3. Support for multihop configurations between bandwidth providers.
Earn up to $50 of EOS
Click here and answer the questions
Answers are:
  1. Blockchain protocol for fast scalable transactions
  2. Delegated proof of stake
  3. Fast free transfers
  4. Stake EOS tokens
  5. Upgradable smart contracts
Earn up to $50 worth of XLM
Click here
Watch the videos to earn your first $10 then invite 4 other users to get an extra $40 worth
Answers are:
  1. Stellar is a decentralized coin that unites currencies
  2. Facilitating low cost universal payments
  3. Fast, secure, and global
  4. To issue and exchange tokens quickly
  5. It relies on the cooperation of trusted nodes
Earn up to $9 of COMO
Click here
Watch the videos and answer the questions to earn $9
  1. Earning interest on your Crypto
  2. Supply a crypto asset as collateral
  3. COMP token holders
Earn up to $5 of Kyber
Quiz Answers
  1. Exchange one ethereum token for another.
  2. Ethereum
  3. Liquidity
Now you have your free cryptocurrency in your account you will want to learn how to sell it and withdraw for that sweet beer money!
\*TO REDEEM IN GBP from Coinbase*\**
Sign in at https://pro.coinbase.com/ with your Coinbase account details.
  1. Go to 'My Wallets' (top right corner near your user box)
  2. Click on the 'Deposit' banner in the big Deposit & Withdrawal box on the left side.
  3. Pick XLM/BAT, whichever you want to deposit.
  4. Click on 'Coinbase Account' (option on the right side of the white box)
  5. Click on 'Max' and Deposit it.
  6. Now go to 'Trade' (One of the top menus)
7a) Pick BTC if you want to trade your XLM for GBP, (FIRST you have to exchange your XLM to BTC, then your BTC to GBP. ) After picking BTC, click on XLM-BTC, then 'Sell' and 'Max'. After that, click GBP, then BTC-GBP, click 'Buy' and 'Max'. These exchanges are instantaneous.
7b) To withdraw your BAT, you need to pick ETH, and exchange your BAT for ETH, then change the ETH for GBP. Be aware that the BAT-ETH and ETH-GBP exchanges took around a day for me altogether, don't be worried if the money doesn't appear immediately exchanged.
  1. Go to 'My Wallets' again, click Withdraw, to Coinbase account and click max.
Now go back to www.coinbase.com Your GBP should've arrived, and now you are able to click 'Withdraw'. I withdrew via Paypal, as Bank account transfers cost you £1. (Every penny counts, right?!). These options will come up when you click 'Withdraw' from your GBP wallet in Coinbase.
submitted by Will-23 to beermoneyuk [link] [comments]

How I plan to identify and sell the top of the next market cycle.

In this post I will share with you some of the strategies I will use to identify the next market cycle top so I can sell for maximum profits (and of course buy back in later in the subsequent bear market!) In the first part of this post I will discuss the resources I will use and in the second part I will discuss tactics in selling and risk management.

Indicators

As the bull run begins to drag on and the price of ETH starts getting closer and closer to $10k I will begin to start watching many of the data science charts over at Look into Bitcoin. This will not be the only source I will use since there are great custom tools on TradingView too as well as more subjective indicators such as friends and family talking crypto and hearing about crypto again in the mainstream media. I’d also like to note that many of the indicators I will be looking at will be Bitcoin focused despite my ETH centred portfolio. Like it or not, this market is still Bitcoin dominated and despite the many proponents of an ETH flippening (myself included), it is quite likely that we will not see it this cycle due to the macro investing environment favouring assets which are good stores of value to weather the uncertainty. Ultimately, Bitcoin has the best store of value meme in crypto and that will be very powerful in the coming years.
I think it is likely that the time for Ethereum or a network like Ethereum with a yielding asset (ETH under ETH 2.0) and a native economy of DeFi, DApps, NFTs and much more will be once all of the stock market uncertainty is over and investors are ready to take on more risk again. I am of course still expecting Ethereum and altcoins to outperform Bitcoin this cycle. However, I think that Bitcoin losing the number 1 spot will be more likely to happen between 2023 and 2030 rather than in the next 2-3 years. I hope I am wrong though.
While most of the indicators on Looking into Bitcoin are useful, I will list the ones I’ll be focusing on the most here:
And finally my favourite, the Golden Ratio Multiplier. This indicator has been remarkably accurate at predicting tops using the golden ratio (1.6) and the fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21) multiplied by the 350 day moving average. With each market cycle, the 350 day moving average is multiplied by the next number down in the fibonacci sequence. For example, the 2013 peak only just passed above the 350 day moving average multiplied by 8 and the 2017 bull market just touched the 350 day moving average multiplied by 5. So if this indicator is to work in the next cycle, we can expect the price to slightly exceed 3 times the value of the 350 day moving average. This indicator also worked for Ethereum in the 2017 bull run. While there is no graph for it, on the 13th of January, when ETH hit a peak of $1,419, the 350 day moving average was at $270. $270 multiplied by 5 is $1,350. If you sold at $1,350 you sold incredibly close to the top and I don’t think that any macro traders/long term traders would complain about that timing.
I’d like to note that while indicators like the Golden Ratio Multiplier factors in for less explosive growth each cycle, not all of the above indicators do. So be cautious of this when you think the peak is near as it may be closer than you think. In saying that, there is a lot of luck involved so I should also point out that it also might not be closer than you think. However, it would be better to sell before the peak at say $10,000/BTC as of 2017 than to be left holding all of your crypto when the bear market begins since Bitcoin didn’t spend much time above $10,000/BTC after the $20K peak. Ultimately it is up to you to decide your risk appetite and how well you want to try and time the market. For me, I will definitely be on the conservative side so that I don’t miss the boat completely and hopefully I will be able to sell most of my crypto just before we peak rather than afterwards.

Risk Management

Since timing the top requires a lot of luck, a good method of mitigating the risk is to spread out when you sell. I’m going to share with you my personal strategy but I recommend that you create your own strategy or use this as a basis from which you can use to adjust and tweak it to optimally suit your situation. If you have a large stack, you will probably want to sell early since you might not need such spectacular gains to lock in some life changing money. On the other hand, if you have a smaller stack or if you are younger, you can afford to take more risk and might want to try and time the absolute peak a bit better to get that much closer to making some life changing money. Personally, while my stack isn’t very big in dollar terms, it is a significant % of my net worth and so I don’t have a high risk tolerance with it (at least relative to other people in crypto!) For this reason I will be selling a little bit on the early side.
My plan has three pots of crypto. 20% of my crypto I will hold indefinitely since I very strongly believe in the long term prospect of ETH and BTC as investments. This way if I time the markets terribly, I will always have some skin in the crypto game. The second pot of crypto is 40% which I will sell on the way up to take some profits and I don’t intend on putting this money back into crypto. Initially I will be selling very small amounts of this 40% and as the indicators listed above get closer and closer to calling a top, I will sell larger proportions of this crypto. I haven’t set specific target numbers since things change fast in this space and I feel like the best decisions in this case are made in the moment. For example, estimating a market top is hard when it is 2-3 years away, but it is much easier when it is just months or weeks away. Once again, this is just personal preference. Many of you will find that setting targets now makes it easier for you to pull the trigger and take some profits when everyone else is calling $1M BTC while it is at $100K or calling for $100K ETH when the current price might be $10K.
Finally, the last 40% I will sell all at once when I feel like we are at the top and I am confident that the price will be lower a year on from that point in time. With this 40% I will try and buy back during the bear market with the help of many of the same indicators I listed above from Look into Bitcoin. I will also use some indicators which I didn’t mention above since some are better designed at identifying market bottoms. My goal is to be able to buy back the number of BTC and ETH I held before I sold anything with this 40% (plus the 20% I didn’t sell). This is a big ask but it is better in life to set hard goals that seem unattainable or unrealistic than it is to set easy goals.
To summarise my portfolio strategy, 20% of my portfolio is an indefinite hold, 40% I will sell on the way up and I do not intend on buying back into crypto with this money so I can avoid being over-exposed to crypto. The last 40% I will use to try and sell the top and buy the bottom.

Closing Notes

As a closing note I would like to say that it will be important to be aware of the power of greed and FOMO. Do not under-estimate these emotions and try to remain a grounded and rational investor. Don’t be scared to take profits. I know from experience trading altcoins that it is better to exit a position early and miss out on another 100% price increase than it is to hold through a bear market and take >90% losses. If you go into this bullrun telling yourself you will take profits on the way up, you will have no reason to regret any early sales since you will know that you made a rational trade and not an emotional trade.
submitted by Tricky_Troll to CryptoCurrency [link] [comments]

BtcTurk Becomes Main Sponsor of Women's and Men's National Teams

BtcTurk Becomes Main Sponsor of Women's and Men's National Teams

https://preview.redd.it/ad7ted98c5i51.png?width=680&format=png&auto=webp&s=6e04c929c5d676495871c6625e6ad1e539379bcb
BtcTurk, Turkey's first and world's fourth Bitcoin and cryptocurrency exchange platform, and Turkish Football Federation (TFF) join forces for National Teams, the highest level in Turkish football.
BtcTurk, Turkey's first and world's fourth bitcoin and cryptocurrency exchange platform where Bitcoins and cryptocurrencies are traded in a convenient and secure way in Turkey, signed a "Main Sponsorship" agreement with Women's and Men's National Teams to contribute to their success. BtcTurk became the first cryptocurrency platform in the world to sign a sponsorship with a national teams.
Moderated by National Teams Communications Director Türker Tozar, the signature ceremony took place in TFF's Hasan Doğan National Teams Camp and Training Facilities in Riva, Istanbul with the participation ofNihat Özdemir, President of TFF; Özgür Güneri, CEO of BtcTurk; Alkın Kalkavan, Board Member of TFF; Board Members of TFF; Necla Güngör Kıragası, Head Coach of Women's National Football Team; and Şenol Güneş, Head Coach of Men's National Football Team, as well as players of Women's and Men's National Teams.
BtcTurk Supports Women's and Men's National Teams: #SonuKupaOlsun (#LetThisBeTheRoadToCup)!
BtcTurk's CEO, Özgür Güneri commented: "As BtcTurk, we continue to move forward on our path with the mission of being a pioneer brand in the world. We take great pride in being one of the "Main" supporters of our National Teams at the UEFA European Championship, which will be held in 2021 — the first time the games will be held in an odd-numbered year. Last year, we supported Yeni Malatyaspor, one of the successful clubs in TFF's Super League, as their name and jersey sponsor. This year, we continue to contribute to the Turkish sports and football community, and we are very pleased to support our Women's and Men's National Teams. I would like to take this opportunity to express my gratitude to Mr. Nihat Özdemir, President of TFF and to all members of the board. With this agreement to be valid for 28 months, BtcTurk undertakes to be the main sponsor of our Women's and Men's National Teams. This way, we aim to support the successful representation of Turkish sports in the world and to contribute to saving resources for future generations. Our agreement with TFF will further strengthen our National Teams, which make us proud at all times, prior to finals of European Football Championship. With the stability to be achieved thanks to this partnership, we firmly believe that our National Teams will realize their great ambitions in the future tournaments and fill the people of our country with great joy. As BtcTurk, we wish our Women's and Men's National Teams success and say #SonuKupaOlsun (#LetThisBeTheRoadToCup)"
TFF President Nihat Özdemir commented; "Today we launch a very significant partnership with BtcTurk, the leading Bitcoin and cryptocurrency exchange platform in Turkey and a pioneer in its field. Football is a team sport and nowadays sponsors are among the most important players of this team. We are stronger and more successful with our sponsors. As Turkish Football Federation, we have always joined forces with prominent brands. BtcTurk, the newest member of our sponsor family, is a young and very significant value for our country. I express my sincere thanks to them for the support they provide to our Women's and Men's National Teams. With this agreement, I hope that our National Teams will write stories of success that lead to trophies. Thanks to the support of BtcTurk, I believe that both our Men's and Women's National Teams will gain many achievements to put a smile on the faces of Turkish people. Our National Team jumped from 41st place to 29th in the FIFA ranking and hopefully will take firm steps to rank among the top 10 countries in the world. Our Women's National Teams will also make their mark in Europe in the future period."
Necla Güngör Kıragası, Head Coach of Women's National Team noted; "For me, it is very valuable to be here as the guest of our federation and our new sponsor BtcTurk in a manner that appreciates the presence of women in football and demonstrates the value attached to our Women's National Teams. For that matter, I would like to express my gratitude to our President Mr. Nihat Özdemir, to all members of the board, and to our sponsor BtcTurk on behalf of all women in the football community. Recently, women's involvement in football is highlighted more with the support of new organizational changes within women's football. We work very hard to be worthy of this trust and take responsibility in infrastructure projects to help women's football find a wider audience. Our target is to make Turkey one of the leading countries in women football in the near future. With the support of our new sponsor BtcTurk, I believe that we can achieve our target and I would like to convey my best wishes on the agreement both for our football community and our country."
submitted by BtcTurkOfficial to Bitcoin [link] [comments]

XOM dropped from the DOw

For Trading August 25th
XOM, PFE, & RTX DROPPED FROM DJIA
More New Highs for NAZ & S&P-500
TSLA TOPS $2,100!!
Today’s market was higher from the start and leveled off around +240 -250 until the last 45 minutes when it powered higher into the close finishing +378.13 (1.35%), NASDAQ +67.92 (.60%), S&P 500 34.12 (1%), The Russell +15.90 (1.03%), and the big winner the DJ Transports +208.17 (1.9%). Internals were positive at 2.5:1 NYSE and 1.4:1 on the NAZ with NYSE volume 5:1 UP ! The DJIA was 5:1 higher and this will be the last time that AAPL will affect the average at the rates of the past since it is price-weighted and AAPL will no be a $100 stock, not $500. The only big loser today was UNH falling $36 DP’s and the gainers BA +74, AAPL +41, and GS +33 DP’s.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also did this video over the weekend on a day-trade, (actually 2) that I made in AAPL on Friday. I think it’s highly informative as a guide to under what conditions these kind of trades in expiring options make sense. The link is https://youtu.be/qIV0G-hP3aM Enjoy!!
Tonight’s closing comment video: https://youtu.be/eMCD4wjOVh4
SECTORS: While it isn’t necessarily my focus, it’s difficult to not key in on TESLA breaking $2,100 today, trading $2129 and then selling off to $1927 before turning back up to close $2014 -35.78 (1.75%). A week ago, someone in the Discord room asked what I thought, and I gave them an opinion that once we closed over $1,643 that we were headed directly to $2,000-2,100 on a straight shot. I really had a high degree of certainty but thought it would take more than 7 trading days to get to that range! The “possible” vaccine news this morning lit a fire under the airlines; AAL +1.28 (10.5%), DAL +2.53 (9.28%), LUV +2.22 (6.4%), and UAL +3.28 (9.9%). Next were the cruise lines with CCL +1.49 (10%), RCL +2.90 (4.7%), and NCHL +1.18 (7.6%). Personally, I don’t see these names holding up with DAL announcing that unless they get further financial assistance that they will have to fire an additional 1941 pilots. These guys just want us to foot the bill for their disgraceful actions when they could have been preparing for a downturn rather than just lined their own pockets and bought back stock. PaloAlto Networks beat both top and bottom lines but gave soft guidance on next quarters revenues and after closing $267.07 -2.26 it fell further to $254.68 -12.77 (4.7%). The big news on the DJIA is that Dow Jones is making 3 major changes. I could be wrong, but I don’t think I’ve ever seen more than one at a time, but here are the names: Salesforce (CRM) replaces XOM, Amgen (AMGN) replaces Pfizer (PFE), and Honeywell (HON) replaces Raytheon (RTX) which also includes UTX.
FOOD SUPPLY CHAIN was HIGHER with TSN +.67, BGS +.44, FLO +.23, CPB +.15, CAG +.44, MDLZ +.51, KHC +.67, CALM -.63, JJSF +3.45, SAFM +.01, HRL -.05, SJM +1.15, PPC +.38, KR +.15, and PBJ $34.31 +.15 (.44%).
BIOPHARMA was LOWER with BIIB -.51, ABBV -.26, REGN -10.72, ISRG +2.05, GILD -.48, MYL +.34, TEVA -.14, VRTX -3.78, BHC +.61, INCY -.07, ICPT -.71, LABU -3.91, AND IBB $131.60 -1.00 (.75%).
CANNABIS: was HIGHER with TLRY +.10, CGC +.33, CRON +.18, GWPH -3.04, NBEV -.10, CURLF +.47, KERN unch., and MJ $12.40 unch.
DEFENSE: was HIGHER with LMT +5.43, GD +3.29, TXT +1.69, NOC +6.14, BWXT +1.51, TDY +6.52, RTX -.22, and ITA $169.39 +5.27 (3.21%).
RETAIL: was HIGHER with M +.36, JWN +1.15, KSS +1.54, DDS +2.13, WMT -.31, TGT -.56, TJX +1.32, RL +3.37, UAA +.51, LULU +7.56, TPR +.81, CPRI +1.36, and XRT $52.88 +.92 (1.77%).
FAANG and Big Cap: were HIGHER with GOOGL +10.13, AMZN +22.78, AAPL +8.62, FB +4.69, NFLX -3.51, NVDA +1.91, TSLA -49.96, BABA +11.20, BIDU +.74, CMG -9.84, BA +11.00, CAT +3.45, DIS +3.26, and XLK $118.96 +1.02 (.86%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS +5.22, JPM +2.93, BAC +.76, MS +1.31, C +1.84, PNC +3.51, AIG +1.25, TRV +3.07, AXP +3.83, V +2.47, and XLF $24.89 +.58 (2.39%).
OIL, $42.62 +.28. Oil was higher in today’s trading before we rose further in the afternoon closing up at the top end of the day’s range. The stocks were HIGHER across the board with XLE $37.02 +.99 (2.75%).
GOLD $1,939.20 -7.80, rose early in the session trading up thru the double tops at $1,963.10 to $1,970 before selling off and finishing near the lows. I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $1.66.
BITCOIN: closed $11,770 +75. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $13.72 + .14 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Tesla > 2k

For Trading August 21st
INITIAL CLAIMS UP OVER 1MM, Again
LEI +1.4%
TSLA TOPS $2,000!!
Today’s market started on the downside but turned around and headed higher to close up on the day. Only the Russell couldn’t get with the program. There was some early disappointment brought on by the number of initial claims jumping back over 1 million after only 1 week under the magic number. LEI, leading economic indicators, were higher for the third month in a row at +1.4%. The DJIA was +46.85, NASDAQ at another new high +118.49 (1.06%), S&P 500 +10.66 (.32%, and the Russell -7.77 (.49%). Market internals were soft with NYSE 1.6:1 down and the NASDAQ 1.5:1, with a slight increase in volume. DJIA stocks were 19 down and 11 up with the leading gainer AAPL, adding 70 DP’s, MSFT +34, and V +23. On the downside we were led by HD and UNH both down just 14 DP’s.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also did this video over the weekend on a day-trade, (actually 2) that I made in AAPL on Friday. I think it’s highly informative as a guide to under what conditions these kind of trades in expiring options make sense. The link is https://youtu.be/qIV0G-hP3aM Enjoy!!
Tonight’s closing comment video: No Closing Comment tonight
SECTORS: While it isn’t necessarily my focus, it’s difficult to not key in on TESLA breaking $2,000 today. A week ago, someone in the Discord room asked what I thought, and I gave them an opinion that once we closed over $1,643 that we were headed directly to $2,000-2,100 on a straight shot. I really had a high degree of certainty but thought it would take more than 4 trading days to get to that range! UBER and LYFT both threatened to “turn off the platform” at midnight tonight, and the State of California blinked, and is allowing them to operate with drivers still outside contractors instead of employees while the matter is being litigated in the Appeals Court process. One of the issues that most don’t mention is that the drivers being laid off can file and receive unemployment, even though the company has never paid into the plan. That leaves the taxpayers picking up the bill! Now do you understand how expensive it can get for the state? VERY sneaky. On the earnings front we had BABA before the open with a beat on both top and bottom lines, but after trading as high as $265 and as low as $255, pre-open, it opened right in the middle and then fell to $254.18 before recovering and closing $257.92, right near the high of the day and -2.67 (1.02%). Estee Lauder wasn’t as fortunate with a miss, and the stock selling off and finishing $198.67 -13.83 (6.7%). INTC also announced an additional $10Billion in stock buybacks and after trading up to $50.40 last night it hit only $50.20 today and finished on the lows @ $49.17 +.84 (1.74%).
FOOD SUPPLY CHAIN was HIGHER with TSN -.85, BGS +.34, FLO -.20, CPB +.02, CAG +.06, MDLZ +.48, KHC -.53, CALM +.72, JJSF +1.20, SAFM -.18, HRL +.35, SJM +.54, PPC +.17, KR -.27, and PBJ $34.23 +.01 (.02%).
BIOPHARMA was LOWER with BIIB -2.46, ABBV -.85, REGN -12.74, ISRG +1.64, GILD +.30, MYL -.17, TEVA -.20, VRTX +1.20, BHC +.28, INCY -.77, ICPT +.26, LABU _.08, and IBB $133.35 -.43 (.32%).
CANNABIS: was LOWER with TLRY -.13, CGC -.33, GWPH +1.93, ACB -.33, NBEV +.05, CURLF -.51., KERN -.23, and MJ $12.60 -.15 (1.18%).
DEFENSE: was LOWER with LMT -1.55, GD -1.55, TXT -.29, NOC -1.24, BWXT -.90, TDY -3.64, RTX -.64 and ITA $165.42 -1.23 (.74%).
RETAIL: was LOWER with M -.22, JWN -.63, KSS -.60, DDS -.91, WMT -1.89, TGT -2.02, TJX -2.42, RL -.28, UAA -.03, LULU +5.58, TPR -.64, CPRI -.59, and XRT $51.95 -.43 (.82%).
FAANG and Big Cap: were HIGHER with GOOGL +31.64, AMZN +37.52, AAPL +13.12, FB +6.82, NVDA +1.96, TSLA +132.47, BABA -2.57, BIDU +.75, CMG +18.66, BA +.41, CAT -.54, DIS +.37, and XLK $116.48 +1.55 (1.35%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were LOWER with GS - .80, JPM -.98, BAC -.42, MS -.57, C -.69, PNC +1.09, AIG -.73, TRV -.67, AXP -.16, V +3.39, and XLF $24.38 -.21 (.85%).
OIL, $42.82 -.29. Oil was lower in today’s trading before we rallied in the afternoon, closing down but at the top end of the day’s range. The stocks were LOWER across the board with XLE $3736.36 -.70 (1.89%).
GOLD $1,946.50 – 23.80, was a dramatic sell-off last week taking the gold down as low as $1,874.00 before a rally back to $1,950. I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $2.43.
BITCOIN: closed $11,895 +205. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $14.16 +.45 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

CRM and TOL beat...

For Trading August 26th
Is the DJIA an Industrial Average?
More New Highs for NAZ & S&P-500
CRM & TOL BEAT ON EARNINGS
Today’s market was interesting in that the DJIA futures were higher, S&P was about unchanged, and the NASDAQ was lower, and by the close it was exactly the opposite! The DJIA finished -60.02 (.21%), NASDAQ +86.75 (.76%), S&P 500 +12.34 (.36%), the Russell +2.74 (.17%), and DJ Transports -21.60 (.19%). Market internals were neutral on NYSE at 1:1 while the NASDAQ was better @ 1.5:1 although volume was lighter than yesterday. Consumer confidence was a major disappointment with the number coming in at 84.9, down from the expectations of 93, and last month’s 91.7, the lowest number since May 2014! New home sales were a monster +13.9% v. 1.4 expected and prices added 7.2%. Earnings after the close for TOL (see below) mirrored that sentiment. Tomorrow we have both durable goods orders and weekly mortgage applications.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members. I also returned to my radio show today with a great live interview with the Chief Medical Officer of JANONE (JAN) and it was a great show. This is the link to the audio recording including my discussion of the market and the very exciting story of JAN’s phenomenal NON-OPIOID Pain Med! This is the link: https://drive.google.com/file/d/1rdmhyt5MGtnSTbpYrv__gUUETHUDYoII/view Enjoy!! Tonight’s closing comment video: https://youtu.be/5RGgfJ667nc
SECTORS: After the close, TOL reported blockbuster numbers and they were a reflection of the New Home sales numbers mentioned above. TOL is at the high-end of the price scale and the demand for its upscale homes that can include in-home offices, gyms, and other extras were clearly in demand. The stock is up 300% since the March lows and today’s numbers sent it even higher. The stock had closed $45.06 +.37, but after the report it traded up to $48.50 and at this writing it was $48.20 +2.14 (3%). Also, on the earnings front, the newest member of the DJIA, CRM was higher all day on the DJIA addition finishing $216.05 +7.57 (3.6%) and after the numbers really took off trading up to $244.50 and finishing $243.50 +27.45 (12.5%). It would have added about 160 DP’s if it had already been included. BBY made up some of its early losses after giving soft guidance for revenues in the coming quarter and after trading $108.60, it came back about half and closed $112.64 -4.73 (4%). FOOD SUPPLY CHAIN was HIGHER with TSN -.01, BGS +.62, FLO +.15, CPB +.34, CAG +.48, MDLZ -.09, KHC +.28, CALM -.13, JJSF -.62, SAFM +.49, HRL -1.12, SJM +7.51 (6.65%), PPC +.09, KR +.02, and PBJ $34.34 +.03 (.08%).
BIOPHARMA was HIGHER with BIIB +2.47, ABBV -.51, REGN +15.73, ISRG +3.76, GILD -.08, MYL -.32, TEVA -.43, VRTX +4.92, BHC -.04, INCY +1.27, ICPT +1.56, LABU +1.80, and IBB $132.90 +1.,85 (1.41%).
CANNABIS: was MIXED with TLRY -.09, CGC +.29, CRON -.02, GWPH -2.77, ACB -.06, NBEV +.04, CURLF +.22, KERN +.07, and MJ $12.45 +.05 (.40%).
DEFENSE: was LOWER with LMT -.38, GD -1.85, TXT -.63, NOC -1.42, BWXT +.34, TDY +2.28, RTX -.90, and ITA $168.12 -1.27 (.75%).
RETAIL: was LOWER with M -.09, JWN -.72, KSS +.21, DDS +.48, WMT -.66, TGT -.56, TJX -.39, RL -1.13, UAA -.07, LULU +3.69, TPR -.39, CPRI -.11, and XRT $52.50 -.38 (.72%).
FAANG and Big Cap: were HIGHER with GOOGL +20.70, AMZN +36.65, AAPL -3.83, FB +11.04 (4.07%), NFLX +2.39, NVDA +2.14, TSLA +29.05, BABA +10.53, BIDU +2.82, CMG +31.23, BA -4.17, CAT -.39, DIS -.84, and XLK $120.26 +1.30 (1.09%). PLEASE BE AWARE THAT THESE PRICES ARE LATE MARKET QUOTES AND DO NOT REPRESENT THE 4:00 CLOSES.
FINANCIALS were HIGHER with GS -1.43, JPM +.54, BAC +.31, MS -.26, C +.56, PNC +.97, AIG -.03, TRV +.72, AXP +.23, V +1.79, and XLF $24.95 +.06 (.24%).
OIL, $43.35 +.73. Oil was higher in today’s trading before we rose further in the afternoon closing up at the top end of the day’s range. Some of the gains may be storm related, but gasoline is helping support prices. The stocks were MIXED with XLE $3736.63 -.39 (1.05%).
GOLD $1,923.10 -16.10, rose early in the session but couldn’t make any headway before selling off and finishing near the lows. I am still a bull on the metal, and we have a September bull call spread on using NEM 65/70 calls with a cost of $1.45, which closed today @ $1.66.
BITCOIN: closed $11,310 - 460. After breaking out over $10,000 we have had a “running correction” pushing prices toward $12,000, reaching a recovery high of $12220 Thursday, and after a day of rest in between, we resumed the rally touching $12,635, but have sold off back to support. We had 750 shares of GBTC and sold off 250 last week at $13.93 and still have 500 with a cost of $8.45. GBTC closed $13.00 -.72 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Digital Dollar, FedNow, CBDC, the central banks spending and global push for more control through digital currency.

At the beginning of the Covid-19 outbreak a few interesting things happened. China introduced the "Digital Yuan / RMB" And in April the "Digital dollar" was proposed in the first stimulus bill here in the USA. And they haven't stopped talking about it since. High tables from the White house Financial committee, Federal Reserve, US congress. Aiming to have a digital currency working as early as 2021 to provide UBI / Universal basic income to the masses, all while being able to track, freeze, limit, manipulate spending throughout the economy. Starting to sound rather like a "Black mirror film" isn't it? Well...China has taken it a step farther with their "Social Credit system" watching and controlling nearly every aspect of life. . . but we're here to talk about currency. How could this even happen in America? Well, to start
All of the above is a partial list of factors devaluing the Dollar and trust in it from several ways and views. At the end of the day it has a huge amount of enemies, that are all looking for ways to get out of it.
Some of what I'm seeing personally.
It is a death spiral for the working person, where it used to be "No more than 30% of your wage going to housing" It is now well over 50%....Just look at this recent post in Frugal https://www.reddit.com/Frugal/comments/ifqah1/is_it_normal_for_a_third_to_a_half_of_you?utm_source=share&utm_medium=web2x&context=3
This death spiral I foresee getting worse. And historically any "tax" / regulation cost will just be passed down to the consumer in form of increased prices until people / businesses move elsewhere as we've seen in several cities around the US.

So what can we do? Buy Gold! Silver! Bitcoin! Stocks! I hear people roar, They aren't exactly wrong as history shows... but have you considered the 30-40% tax on the "gain"? Even when that asset buys the same value before tax? What if the government makes it illegal like the 1933 order: 6102 Where you couldn't own gold for nearly 50 years? You're frozen out, or even out on taxes (which will likely be more strict and controlled later in time).
I'd say Invest in things that will
Metals are the next step when a person has plenty of the above. You get to a point where you have hundreds of thousands, if not millions that you need to condense into something real.
It is all about the savings or productivity gain of the investment. For instance I would wager that many preppers have gotten more use / value out of a $800 clothes washer than a $800 rifle. (have you ever had to do manual laundry???) Sure the rifle will hold value...but it often doesn't pay you back with time / what it saved and / or what it has produced during its life unless you are using it. Same can be said of security cameras, a generator, a tractor, trailer, garden, tools, ect.
Look at history even, in countries that have experienced hyperinflation people that already had tangibles they regularly use were way ahead. It could even be honey, a tool, extra maintenance parts, can of food, that bottle of medicine, a computer to keep your intel on point, (cough # PrepperIntel plug) use of your equipment to do or make something for someone. Real Estate is good too, it rides inflation well and has many ways of being productive.
Your metals could be sitting there like the rifle, and could be subject to hot debate and laws. Meanwhile that garden is paying back, chainsaw is helping saw up wood, or your tractor is helping a job, your tools just helped you fix something / saved you much loss, Your security stopped a loss not by a person, but an random animal stealing things. Or that $25,000 solar array is paying you back by the day in spades...while making you independent...running all your tools you're using to make things to sell, and even heating / cooling some of the house with the extra juice while places around you experience rolling blackouts. You were even smart and took the current 24% tax benefit the government has saving you $5000 on it for batteries. Don't get me started if you have an electric vehicle with solar... I'm rambling at this point...and all those stealthy / direct and passive background savings...even if the crap doesn't hit the fan.
So anyways, With out of control central banks and big governments, digital currencies, How do you think it will play out? Are we heading to dystopia?
submitted by AntiSonOfBitchamajig to PrepperIntel [link] [comments]

Risk Management and the Future of Crypto Trading bitcoin kiosk near me Bitcoin Holds Near $6,800 During Global Downturn BITCOIN PRICE Prediction for the NEAR TERM MARKET MOVE. Here is where I see us heading. AMAZING!! NEAR 100% ACCURATE BITCOIN PRICE INDICATOR  Smart contract engineer steals $500K!

The most intuitive way to do that is by using Coinatmradar’s interactive map but there’s also a dedicated “Find a bitcoin ATM near me” feature that provides even more options. Join the Bitcoin.com trading platform. Exchange one asset for another in our advanced and secure Bitcoin exchange. The best place to buy, sell and trade your cryptocurrencies. Start your trading journey today. Making cryptocurrency trading accessible to everyone, anywhere in the world. Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin You can find bitcoin near your location on this page by searching by address or geo coordinates. You can find bitcoin near your location on this page by searching by address or geo coordinates. Producers. Genesis Coin (3239) General Bytes (2745) BitAccess (898) Coinsource (590) Lamassu (519) All producers; Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. find a bitcoin ATM near me in just seconds by using even your smartphone, use the following websites which help you to find a bitcoin ATM near you Nowadays it is very easy to get your first bitcoin or exchanging bitcoin with fiat anywhere in the world.Today bitcoin grows so far from its early days due to massive demand and adoption.

[index] [679] [1760] [1497] [733] [422] [2004] [2865] [1272] [1823] [1518]

Risk Management and the Future of Crypto Trading

** NEW UPDATE 2019! #1 Recommended-- Go Here http://bit.ly/lastingincome Discover how to earn $1,000+ PER DAY AS A FOREX TRADER..Without any past experience!... How To Buy Gift Cards With Bitcoin [SUPER EASY METHOD] (2019) In this video I show you the best ways and sites to buy gift cards with bitcoin. This ultimately shows you that buying real world ... #bitcoin #crypto #cryptocurrencies Check out our sponsor, Ledn: https://platform.ledn.io/join/9d18e80da3222b41a49726d5ae9250a3 If you haven't already, visit ... - S&P & DOW Live Trading, Robinhood, Stock Picks, Day Trading & STOCK NEWS Stock Market Live 6,302 watching Live now How to Buy Cryptocurrency for Beginners (UPDATED Ultimate Guide) - Duration: 33:53. Bitcoin Trading for Beginners (A Guide in Plain English) - Duration: 18:48. 99Bitcoins 338,045 views. 18:48. $15,000 gold price? Jim Rickards and Peter Schiff give forecasts (Part 1/3 ...

#