Margin Trading Cryptocurrency - Bitcoin Trading Platform

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

$PTF Huge team, huge backers $1.5m market cap

PowerTrade Fuel $PTF
PowerTrade is on a mission to be the easiest platform to trade crypto options.
For those new to crypto options, this means that with PowerTrade you can be bullish, bearish or both, on Bitcoin, Ether and other leading cryptocurrencies.
Currently crypto options represent a $0.03T annual volume vs $1T annual volume in the spot markets. Thus, there is much room for growth.
Key Features
Mobile First To give traders an optimal experience for trading options the PowerTrade platform is mobile-first with an intuitive interface for beginners and pros alike. This enables access to trading opportunities when at home or on-the-go.
Committed to Low Minimums New traders often wish to test platforms with low minimums. The PowerTrade platform uses fractional contracts which allow traders to get started with as little as $1.
Built for Beginner and Advanced Traders PowerTrade makes access to crypto options simple for beginner traders with a carefully designed trading experience. Through the same interface, advanced traders will also be able to execute sophisticated strategies from their mobile device such as iron condors, straddles, and strangles.
Token Use
There will be the Fuel Token on the PowerTrade exchange and the benefits are:
• Stake tokens to get reduced fees • Earn staking rewards • Liquidity mining incentives • VIP Access
There is also a DeFi alternative to an insurance fund, a DAO (decentralized autonomous organization) that provides cover for the exchange margin facility.
Token holders can vote on treasury management such as: • Hedging risk or seeking additional yield • Approving claims to cover exchange shortfalls • Providing cover services to other exchanges
Who is the team behind PowerTrade?
The team includes experienced executives, product, and trading folks from top institutions and crypto firms, including Liquid, one of the earliest and crypto exchanges that has done over $50B in volume in the last 12 months.
Other news
PowerTrade raised $4.7 million via token sales in a round led by Pantera Capital and joined by Framework Ventures, CMS Holdings and QCP Capital among others.
Prominent founders Kain Warwick of Synthetix, Loi Luu of Kyber Network and Bobby Ong of CoinGecko also participated.
Conclusion
As we’ve seen from FTX’s acquisition of Blockfolio, mobile-first products are very valuable and can unlock more engagement and usage from users. PowerTrade is looking to bring crypto options trading on the retail side with lower friction on onboarding and a higher bar for user experience. The options market is growing and poised to be substantial while other adjacent instruments could be explored. The team has the right mix of institutional/trading and crypto experience and with the this supporting cast of investors, is in a great position to deliver on their vision. With success, I can see the entire crypto derivatives market expanding to more mainstream users and growing exponentially.
You can trade PTF on Uniswap here:
https://app.uniswap.org/#/swap?outputCurrency=0xc57d533c50bc22247d49a368880fb49a1caa39f7
You can view PTF listing information on Uniswap here: https://uniswap.info/token/0xC57d533c50bC22247d49a368880fb49a1caA39F7
You can trade PTF on Bitmax here: https://bitmax.io/en/basic/cashtrade-spottrading/usdt/ptf
Trading Information and tools:
• Coingecko: https://www.coingecko.com/en/coins/powertrade-fuel
• CoinMarketCap: https://coinmarketcap.com/currencies/powertrade-fuel/
• Dextools: https://www.dextools.io/app/uniswap/pair-explore0xbe38a889d67467b665e30e20ee5604a6f5696e38
Price $0.19 Market Cap $1.4m
Key Investors include pamtera capital. 4.7m in funding.
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Spot or Margin Trading?

Spot or Margin Trading?

Spot Trading

This type of trading occurs in the spot market at the current price. When you are engaged in spot trading, you make a deal at an affordable bid and ask price, which is requested by other market participants. To complete a trade, you need to have available assets to pay for the trade by the settlement date.
For example, if you are going to make a purchase of BTC in the amount of $1,500, then you must make a deposit by the date of settlement of at least the specified amount. Usually the date is calculated according to the T + 2 trading day scheme. Otherwise, the exchange will refuse to enter the Bitcoin position.

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Margin Trading

With margin trading, you borrow funds from a third party to increase your position. Margin and spot trading are different. With margin trading, you do not need the full amount of the transaction to open a position, you just need to have assets that will be on the margin of the position you are going to open.
For example, you are going to buy BTC for $1000. Some platforms are ready to provide you with up to 100x leverage. That is, you only need $10 on your account to trade Bitcoin for $1,000 BTC.
To keep a position open, you only need to hold 1% (with 100x leverage) of the contract amount. Depending on the course of the trade, you can open even more positions or withdraw profits.

What to choose?

Spot Trading: benefits

  1. Management of risks: trading occurs only with your own balance, which you actually own, that is, the impossibility of going into a negative.
  2. Guarantee: spot trading takes place only on own assets. In this way, the exchange ensures that you avoid over-leveraging.

Spot Trading: limitations

  1. Missed trading opportunities: even with confidence in the deal, you will not be able to earn 100% or more, you will only be able to earn the amount that your capital allows.

Margin Trading: benefits

  1. Possibility of increasing profits: the presence of leverage allows you to increase your trade up to 100 times in comparison with your capital.
  2. Low-frequency trading: an increased likelihood of trades identified in this type of trading.

Margin Trading: limitations

  1. Risks: Opportunity to lose more money than the initial investment.
  2. Liquidation: complete liquidation of a position with insufficient funds to cover losses.

What strategy should you follow?

It all depends on your usual trading style and your character: are you tolerant of risks, what knowledge about investing you have.
Choose the strategies that are right for you.
Check now Spot&Margin Fees on the Bitniex website page: https://bitniex.com/fees
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What is it Bitcoin System

What is it Bitcoin System


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How will it work? Key Options. Will it have a mobile app?
Bitcoin System is an app that uses bots to exchange cryptocurrencies mechanically. Bots such as this one generally claim to be previous the marketplace, that provides them a bonus and allegedly the next likelihood of adulthood
They’re programmed based mostly on advanced algorithms which let them analyse the marketplace and money data at intervals fractions of minutes. They then automatically place the investments for users. A technology which cuts out error utterly is basically used by the programs. These promises are realistic, like others and conjointly most robots guarantee success rates of 90%, they're not.
That’s the reason precisely why we have a tendency to required to examine if it's really legit Bitcoin System to choose. From our history tests, Bitcoin System appears to be legit. As explained earlier, this bitcoin bot has online reviews. In addition, it appears to have made all the disclosures required by users to make informed selections.
Bitcoin System allegedly relies to scan the bitcoin markets and produce trading selections. These algorithms are powered with advanced trading technologies like machine learning and artificial intelligence. The high accuracy that's alleged of Bitcoin System is that it trades on margin. Despite the precision level that's alleged, could be a level of risk in trading with this bot. Do not deposit what you cannot afford to lose
How to Place a Trade With Bitcoin System? Can You Create Cash With Bitcoin System?
To utilize the Bitcoin Systemprogram, you’ll want to make an account.
Finally, insert your phone variety with the right country code and you’ll want to decide on your state of residence. After that, you’ll have the ability to maneuver on.
Currently that you have got a Bitcoin System account, you can strive trading.
You may have $1,500 on the market to trade at crypto along with your demo accounts. To do this, all you have to try to to is click on the”Go to Demo” button on the left side of this screen.

You’ll see 3 figures on the high: overall profit, total equilibrium, and winning transactions (the transactions that have led to gains ).
On the proper aspect of the”Open Trades” tab, there's a slide next to”Auto Trade.” To begin your demonstration transaction and it can turn on. Following a time amount, you’ll observe trades which have been conducted by this platform’s bots
Analyze the results and confirm whether or not this stage is worth your cash. Please note that algorithic cryptocurrency trading involves high risks.
If you have got found the conclusion which you wish to trade cryptocurrencies continue to exist Bitcoin System, then you may must initial deposit money
When you’re there, click the “Deposit” button, and also the web site’s directors can most likely reach out to you with directions on the best way to deposit cash in your account.
Search for his or her email and follow the directions to be ready to finance your Bitcoin System account. Robots such as Bitcoin System link to on-line brokers.
Depending on what agent you'll have completely different payment options out there to deposit your money. You're able to pay with debit and credit cards, some e-wallets along with Bitcoin.
Before that, you’ll need to choose your trading preferences. You’ll have to set up a daily stop reduction, the maximum profits you the amount of trades that you would like to provide daily and wish to create in a very day.

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You’ll additionally would like to select your investment quantity for each trade. Following that, you may also opt for that cryptocurrencies you wish to trade with, based upon your own personal preferences.
You will notice a red circle stating”Away” on the ideal aspect of the display.
Click it to flip . You’re equipped.
All you would like to try to to currently is sit back and watch the robot transaction.
How will it work? Key Options. Will it have a mobile app?
Bitcoin Systemutilizes exactly the identical mechanism . These programs work as follows. You register to an agency, if it's applicable, you make sure your account. Following that, you wish to fund it with cash.
Not all services have specifically the same pricing models. For a few, at which you'll use the bots to trade twenty nine, you always need to pay a group fee each month to maintain your accounts. For others, you have to rent. There’s additionally a further pricing model that's fashionable with businesses that have issued tokens during a 1st Coin Offering (ICO).
For these services, maintain a bound amount to use bots and/or characteristics that are various on the stage, and you would like to induce the indigenous token of the service. You'll set the bots up if you’re ready to hide these fees. You do not would like to try and do a issue besides hoping and waiting your balance can increase once you're done.
Bitcoin System functions in partnership with many robot-brokers. These agents’ responsibilities include providing leverage, easing transactions and managing deposits. For the document, there is a robot not a bank and thus will not have the mandate of deposits. As stated earlier, Bitcoin System agents offer a leverage of around one:1000.
The Verdict! Is it scam? Is it legit?
We have a tendency to have provided the Bitcoin System that a score based mostly on performance, easy use and customer services. The robot is also transparent since it provides all the knowledge that users want to make an educated selection. Bitcoin System incorporates a great deal of great ratings on review net sites like Trustpilot. In the reviews we have a tendency to’ve come across this robot is claime dto be profitable and easy to use. No talent is needed to operate Bitcoin System provided that it's automobile
Though Bitcoin System features a alleged fertility, it is not risk-free. On a leverage of up to one:1000 which means that there’s a likelihood of undergoing losses outside of the 23, the robot trades. Among the disadvantages of Bitcoin System is that it does not have a negative equilibrium protection feature. This suggests that that users who don’t balance the danger are very presumably to blow their trading account.

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Before using this robot browse the risk management guides carefully. Build bound that you deposit exactly what you'll afford to lose. There are a full lot of dreadful stories concerning people who committed their retirement money into margin trading to lose everything. A deposit of $250 may be a smart beginning point with Bitcoin Systemllow the link, enter your details and make a deposit.
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Everything You Need To Know About CryptoView

Everything You Need To Know About CryptoView

CryptoView Is An All-In-One Solution For Crypto Trading And Portfolio Management
The wide range of crypto exchanges and platforms is still one of the biggest setbacks for novice and advanced traders to join the crypto sector. The steep learning curve of crypto trading further stops beginners from taking advantage of the booming industry.
Despite the obstacles along the way, some companies provide working solutions for placing orders and managing portfolios, which significantly eases the process. CryptoView is one of those providers, who set the bar high. They aim to become the best crypto portfolio tracker for all traders, regardless of their expertise or trading knowledge.
In its core, CryptoView is a crypto portfolio management platform with support for a multitude of the world’s largest crypto exchanges to date. The cryptocurrency tool is suitable for enthusiasts with several exchange accounts, as well as seasoned crypto traders and fund managers. CryptoView users can switch between trading pairs and exchanges with a few clicks in a single browser tab, thus giving them the ability to track and manage their portfolios via one secure interface.
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The team behind CryptoView designed the platform as an all-in-one integrated interface that combines cryptocurrency portfolio management, trading, market data, news, calendar, and other useful trading tools, under one secured account. CryptoView’s platform utilizes API connections to the world’s largest exchanges and grants instant data synchronization between a vast range of wallets and portfolios. The crypto trading platform also utilizes a wide range of professional features like multi-charting, advanced trading orders, portfolio sharing, financial reports, and various performance indicators.

Another important feature of the platform is portfolio management. Users can view, manage, and share current portfolios with colleagues and friends. The portfolio management option gives users access to a detailed list of their assets, as well as various performance indicators to track the profitability of a given portfolio. Users can also automate portfolio reports by receiving them directly via email.
To have full control over investments and minimize possible losses, CryptoView integrates a more professional set of smart features like order depth indicator and access to “stop” and “stop-limit” orders, which minimize the risks of a sudden price drop when trading cryptocurrencies.
CryptoView supports sub-balance accounts such as Margin, Lending, Swap, and Futures, which further enhance the trading experience and give traders full control over their trading. Furthermore, the platform enables the use of manual balance entries, which are useful when connecting the trading platform with offline cryptocurrency storage, like a cold wallet.
Monitor your assets with the best crypto portfolio tracker, powered by TradingView®
In order to get the best comprehensive picture of portfolio asset movements, CryptoView incorporated the crypto trading charts of the leader in real-time price data, TradingView. The charts are intuitive and easy to understand for both novice and advanced traders and portfolio managers. Users have access to 85 technical indicators and 75 drawing tools to simultaneously monitor the real-time market data from all supported crypto exchanges. A multi-screen setup for easy switching between screens and trading pairs is supported as well.
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The range of features also includes a customizable news aggregation mechanism, giving users the ability to select the best cryptocurrency news portals, an integrated crypto calendar for tracking all of the major events from the crypto sector, as well as in-browser, SMS and email notifications about price movements.
Is CryptoView safe?
The team at CryptoView takes security to extremes by offering clients enterprise-grade security. All platform actions executed by users are going through a cloud-based architecture with an SSL-encrypted connection. Inside the platform, all data is secured with strong API encryption, DoS protection, as well as two-factor authentication. In the event of unauthorized access, CryptoView has the option to freeze accounts and provide safety for users’ funds.
CryptoView does not store any funds on its platform, further increasing the provided security levels and enhancing customer`s experience with the platform
How to use CryptoView?
The signup on the platform takes just a few clicks, and all users receive a 30-day free trial with all of CryptoView’s functionalities. To register, users have to fill a registration form and verify their email, 2fA is optional. After account verification, users have to connect their crypto exchange account to be able to track portfolio balances and make all desired customizations.
The 30-day free pass lets users familiarize themselves with the plentiful of functionalities and decide if they are delighted with the features provided by the cryptocurrency portfolio tracker. The prices for using the platform after the one-month trial are lower than the competitors, starting at just $19 for a single one month. If users pay for a whole year, they get a 30% discount on their purchase, and will pay only $13 per month.
Trade and earn money with CryptoView’s affiliate and referral programs
CryptoView gives users the chance to earn 2 free months by referring to a friend or a colleague that decides to become a paid user. Crypto bloggers or influencers can utilize CryptoView’s affiliate program and earn $20 in Bitcoin for every subscriber that comes through their affiliate link. The company provides marketing materials and a 90-day cookie to increase the chance of monetizing their audience.
In the end – beginner friendly? Yes, indeed
CryptoView takes cryptocurrency trading and portfolio management and translates it into an easy-to-comprehend platform, suitable for both novice and advanced users. With the help of a massive range of crypto tools and state-of-the-art software, CryptoView flattens the adoption curve, which still drives users away from the exciting world of cryptocurrencies.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

MCS | DEFI Cryptocurrencies, Is It Okay To Buy Now?

MCS | DEFI Cryptocurrencies, Is It Okay To Buy Now?
\This post has been written by Hedgehog, an MCS influencer and one of Korea's famous cryptocurrency key opinion leaders.*

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#Be_a_Trader!
Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

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Currently, DEFI is gathering great interest in the cryptocurrency market. The biggest trend in the cryptocurrency market in 2020 is without doubt DEFI. MCS traders who have never heard of DEFI, or traders who have heard of DEFI a few times but don't know what it exactly is, will have a hard understanding the heat of DEFI in the current cryptocurrency market. The level of heat in the DEFI market can be seen with the fact that CoinMarketCap has opened a separate category for DEFI.
CoinMarketCap DEFI Cryptocurrency List : https://coinmarketcap.com/defi/

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The chart above shows the price of the latest cryptocurrency Chainlink for the last week. Chainlink is a cryptocurrency with the largest market capitalization among DEFI cryptocurrencies. It has demonstrated an increase of 70% in a week from about $10 a week ago to about $17 now. Thanks to this rise, Chainlink is also ranked 5th in the total cryptocurrency market cap.

🎯 So What Is This DEFI Thing That Trends?

"DEFI = Decentralized Finance"
DEFI stands for decentralized decentralized finance, and finance here refers to a system that uses cryptocurrency. It is a system that allows you to receive a loan with cryptocurrency as collateral or to make a cryptocurrency loan with real economic collaterals. Furthermore, the lending system, POS, and DPOS that receive interest which allows staking of cryptocurrencies also belong to DEFI. This illustrates how wide the industry scope is.

🎯 Ethereum Network Transaction Fee Surpasses $2M


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Above is an image of crypocurrencies listed in the order of the sum network fees incurred by each blockchain network within 24 hours. Bitcoin has a network fee of about $900,000 for 24 hours, while Ethereum has a network fee of $2M, showing tremendous traffic. It is estimated that this is due to the effect of Uniswap, which allows you to easily trade DEFI coins. This is where you can see how many cryptocurrency traders buy and sell DEFI coins.

🎯 DISCOVER THE NEXT DEFI

The rise of the globally popular DEFI cryptocurrencies may continue the heat for the time being, but traders who experienced the bitcoin bull market in 2017 can easily predict that these DEFI cryptocurrencies will burst someday. I also knew about DEFI, but I am not trading DEFI cryptocurrencies as there are uncertainties about DEFI's system. While seeing the horrific price increase of DEFI cryptocurrencies such as Chainlink, I often thought jumping in once, but decided to find NEXT DEFI.
Some experts have already diagnosed that the DEFI cryptocurrency market is in a bubble, and are saying that DEFI on the Ethereum blockchain is unreasonable because it requires paying too much network fees. Blockchain is a feature that eliminates the intermediaries to remove unreasonable fees but now, DEFI cryptocurrency traders are trading against $2M network fees per day. Here, you can infer what the NEXT DEFI will be. For the NEXT DEFI, I think that a blockchain platform that can connect DEFI cryptocurrencies easily without paying ridiculous network fees will take the place of NEXT DEFI.

🎯 If You Have Decided To Invest In DEFI

The ultimate responsibility of investing in cryptocurrency lies with the trader themselves, and I cannot say that you should not trade. But one certain aspect is, even with these DEFI cryptocurrencies, a bear market will start someday. When Bitcoin first exceeded $10,000 in 2017, all cryptocurrencies said, "Wow!! That's great!! Bitcoin will change the world!!!" and "Bitcoin will break at least $100,000." However Bitcoin stopped its rally at about $20,000, and the Ice Age came in 2018. If you decide to invest in DEFI right now, I recommend that you don't just imagine a golden future, and we encourage you to trade with risk management with the thought that a bear market may begin at any time.

🎯 In The End, Bitcoin Will Show A Tremendous Rise

At the time of the bitcoin bull-run in 2017, there were actually not so many things you could do with Bitcoin. At best, it was used for payment and remittance purposes, and some projects hard fork bitcoin to introduce it to their service platforms, but the time until the blockchain confirmation of about 10 minutes was difficult to apply to real use cases. On the other hand, at the time, Ethereum could easily create smart contracts and create tokens. Thanks to this, a huge number of cryptocurrency projects have conducted ICOs, and to participate in the ICO, cryptocurrency traders purchased Ethereum, paid Ethereum network fees, and generated tremendous traffic to the Ethereum network. Therefore, as the price of Ethereum soared, the price of Bitcoin, the leader of the cryptocurrency, also skyrocketed. I think it is making a very similar appearance now. At the time, an astronomical amount of money flowed into the cryptocurrency market to participate in the Ethereum-based ICOs, eventually making the current all-time high of Bitcoin, and the current situation is the same as DEFI, and astronomical funds are flowing into the cryptocurrency market. I have no doubt that these funds will eventually flock to Bitcoin, leading to an uptrend rally to break down the huge barrier of about $19,000 in Bitcoin price, the all-time high.
I am a Bitcoin margin trader, Hedgehog. Thank you for reading this post.
\Please note that this article is to share the thoughts of Hedgehog by re-establishing the current cryptocurrency market while watching the video of a bitcoin YouTuber Spunky.*
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Traders ALWAYS come first on MCS.
Thank you.

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MCS Official Facebook: https://www.facebook.com/MyCoinStory.official
submitted by MyCoinStory to MyCoinStory [link] [comments]

Defi Coins List In Detail

A Detail List Of Defi Coin

Lending

Trading

Payments

Wallets

Interfaces

Infrastructure

Analytics

Education

Podcasts

Newsletters

Communities

submitted by jakkkmotivator to Latest_Defi_News [link] [comments]

Why we need to think more carefully about what money is and how it works

Most of us have overlooked a fundamental problem that is currently causing an insurmountable obstacle to building a fairer and more sustainable world. We are very familiar with the thing in question, but its problematic nature has been hidden from us by a powerful illusion. We think the problem is capitalism, but capitalism is just the logical outcome of aggregate human decisions about how to manage money. The fundamental problem is money itself, or more specifically general purpose money and the international free market which allows you to sell a chunk of rainforest and use the money to buy a soft drink factory. (You can use the same sort of money to sell anything and buy anything, anywhere in the world, and until recently there was no alternative at all. Bitcoin is now an alternative, but is not quite what we are looking for.) The illusion is that because market prices are free, and nobody is forced into a transaction, those prices must be fair – that the exchange is equitable. The truth is that the way the general money globalised free market system works means that even though the prices are freely determined, there is still an unequal flow of natural resources from poor parts of the world to rich parts. This means the poor parts will always remain poor, and resources will continue to accumulate in the large, unsustainable cities in rich countries. In other words, unless we re-invent money, we cannot overturn capitalism, and that means we can't build a sustainable civilisation.
Why does this matter? What use is it realising that general purpose money is at the root of our problems when we know that the rich and powerful people who run this world will do everything in their power to prevent the existing world system being reformed? They aren't just going to agree to get rid of general purpose money and economic globalisation. It's like asking them to stop pursuing growth: they can't even imagine how to do it, and don't want to. So how does this offer us a way forwards?
Answer: because the two things in question – our monetary system and globalisation – look like being among the first casualties of collapse. Globalisation is already going into reverse (see brexit, Trump's protectionism) and our fiat money system is heading towards a debt/inflation implosion.
It looks highly likely that the scenario going forwards will be of increasing monetary and economic chaos. Fiat money systems have collapsed many times before, but never a global system of fiat currencies floating against each other. But regardless of how may fiat currencies collapse, or how high the price of gold goes in dollars, it is not clear what the system would be replaced with. Can we just go back to the gold standard? It is possible, but people will be desperately looking for other solutions, and the people in power might also be getting desperate.
So what could replace it? What is needed is a new sort of complementary money system which both
(a) addresses the immediate economic problems of people suffering from symptoms of economic and general collapse and
(b) provides a long-term framework around which a new sort of economy can emerge – an economy which is adapted to deglobalisation and degrowth.
I have been searching for answers to this question for some time, and have now found what I was looking for. It is explained in this recently published academic book, and this paper by the same professor of economic anthropology (Alf Hornborg). The answer is the creation of a new sort of money, but it is critically important exactly how this is done. Local currencies like the Bristol Pound do not challenge globalisation. What we need is a new sort of national currency. This currency would be issued as a UBI, but only usable to buy products and services originating within an adjustable radius. This would enable a new economy to emerge. It actually resists globalisation and promotes the growth of a new sort of economy where sustainability is built on local resources and local economic activity. It would also reverse the trend of population moving from poor rural areas and towns, to cities. It would revitalise the “left behind” parts of the western world, and put the brakes on the relentless flow of natural resources and “embodied cheap labour” from the poor parts of the world to the rich parts. It would set the whole system moving towards a more sustainable and fairer state.
This may sound unrealistic, but please give it a chance. I believe it offers a way forwards that can
(a) unite disparate factions trying to provoke systemic change, including eco-marxists, greens, posthumanists and anti-globalist supporters of “populist nationalism”. The only people who really stand to lose are the supporters of global big business and the 1%.
(b) offers a realistic alternative to a money system heading towards collapse, and to which currently no other realistic alternative is being proposed.
In other words, this offers a realistic way forwards not just right now but through much of the early stages of collapse. It is likely to become both politically and economically viable within the forseeable future. It does, though, require some elements of the left to abandon its globalist ideals. It will have to embrace a new sort of nationalism. And it will require various groups who are doing very well out of the current economic system to realise that it is doomed.
Here is an FAQ (from the paper).
What is a complementary currency? It is a form of money that can be used alongside regular money.
What is the fundamental goal of this proposal? The two most fundamental goals motivating this proposal are to insulate local human subsistence and livelihood from the vicissitudes of national and international economic cycles and financial speculation, and to provide tangible and attractive incentives for people to live and consume more sustainably. It also seeks to provide authorities with a means to employ social security expenditures to channel consumption in sustainable directions and encourage economic diversity and community resilience at the local level.
Why should the state administrate the reform? The nation is currently the most encompassing political entity capable of administrating an economic reform of this nature. Ideally it is also subservient to the democratic decisions of its population. The current proposal is envisaged as an option for European nations, but would seem equally advantageous for countries anywhere. If successfully implemented within a particular nation or set of nations, the system can be expected to be emulated by others. Whereas earlier experiments with alternative currencies have generally been local, bottom-up initiatives, a state-supported program offers advantages for long-term success. Rather than an informal, marginal movement connected to particular identities and transient social networks, persisting only as long as the enthusiasm of its founders, the complementary currency advocated here is formalized, efficacious, and lastingly fundamental to everyone's economy.
How is local use defined and monitored? The complementary currency (CC) can only be used to purchase goods and services that are produced within a given geographical radius of the point of purchase. This radius can be defined in terms of kilometers of transport, and it can vary between different nations and regions depending on circumstances. A fairly simple way of distinguishing local from non-local commodities would be to label them according to transport distance, much as is currently done regarding, for instance, organic production methods or "fair trade." Such transport certification would of course imply different labelling in different locales.
How is the complementary currency distributed? A practical way of organizing distribution would be to provide each citizen with a plastic card which is electronically charged each month with the sum of CC allotted to him or her.
Who are included in the category of citizens? A monthly CC is provided to all inhabitants of a nation who have received official residence permits.
What does basic income mean? Basic income is distributed without any requirements or duties to be fulfilled by the recipients. The sum of CC paid to an individual each month can be determined in relation to the currency's purchasing power and to the individual's age. The guiding principle should be that the sum provided to each adult should be sufficient to enable basic existence, and that the sum provided for each child should correspond to the additional household expenses it represents.
Why would people want to use their CC rather than regular money? As the sum of CC provided each month would correspond to purchases representing a claim on his or her regular budget, the basic income would liberate a part of each person's regular income and thus amount to substantial purchasing power, albeit restricted only to local purchases. The basic income in CC would reduce a person's dependence on wage labor and the risks currently associated with unemployment. It would encourage social cooperation and a vitalization of community.
Why would businesses want to accept payment in CC? Business entrepreneurs can be expected to respond rapidly to the radically expanded demand for local products and services, which would provide opportunities for a diverse range of local niche markets. Whether they receive all or only a part of their income in the form of CC, they can choose to use some of it to purchase tax-free local labor or other inputs, and to request to have some of it converted by the authorities to regular currency (see next point).
How is conversion of CC into regular currency organized? Entrepreneurs would be granted the right to convert some of their CC into regular currency at exchange rates set by the authorities.The exchange rate between the two currencies can be calibrated so as to compensate the authorities for loss of tax revenue and to balance the in- and outflows of CC to the state. The rate would thus amount to a tool for determining the extent to which the CC is recirculated in the local economy, or returned to the state. This is important in order to avoid inflation in the CC sector.
Would there be interest on sums of CC owned or loaned? There would be no interest accruing on a sum of CC, whether a surplus accumulating in an account or a loan extended.
How would saving and loaning of CC be organized? The formal granting of credit in CC would be managed by state authorities and follow the principle of full reserve banking, so that quantities of CC loaned would never exceed the quantities saved by the population as a whole.
Would the circulation of CC be subjected to taxation? No.
Why would authorities want to encourage tax-free local economies? Given the beneficial social and ecological consequences of this reform, it is assumed that nation states will represent the general interests of their electorates and thus promote it. Particularly in a situation with rising fiscal deficits, unemployment, health care, and social security expenditures, the proposed reform would alleviate financial pressure on governments. It would also reduce the rising costs of transport infrastructure, environmental protection, carbon offsetting, and climate change adaptation. In short, the rising costs and diminishing returns on current strategies for economic growth can be expected to encourage politicians to consider proposals such as this, as a means of avoiding escalating debt or even bankruptcy.
How would the state's expenditures in CC be financed? As suggested above, much of these expenditures would be balanced by the reduced costs for social security, health care, transport infrastructure, environmental protection, carbon offsetting, and climate change adaptation. As these savings may take time to materialize, however, states can choose to make a proportion of their social security payments (pensions, unemployment insurance, family allowance, etc.) in the form of CC. As between a third and half of some nations' annual budgets are committed to social security, this represents a significant option for financing the reform, requiring no corresponding tax levies.
What are the differences between this CC and the many experiments with local currencies? This proposal should not be confused with the notion, or with the practical operation, of local currencies, as it does not imply different currencies in different locales but one national,complementary currency for local use. Nor is it locally initiated and promoted in opposition to theregular currency, but centrally endorsed and administrated as an accepted complement to it. Most importantly, the alternative currency can only be used to purchase products and services originating from within a given geographical range, a restriction which is not implemented in experiments with Local Exchange Trading Systems (LETS). Finally, the CC is provided as a basic income to all residents of a nation, rather than only earned in proportion to the extent to which a person has made him- or herself useful in the local economy.
What would the ecological benefits be? The reform would radically reduce the demand for long-distance transport, the production of greenhouse gas emissions, consumption of energy and materials, and losses of foodstuffs through overproduction, storage, and transport. It would increase recycling of nutrients and packaging materials, which means decreasing leakage of nutrients and less garbage. It would reduce agricultural intensification, increase biodiversity, and decrease ecological degradation and vulnerability.
What would the societal benefits be? The reform would increase local cooperation, decrease social marginalization and addiction problems, provide more physical exercise, improve psycho-social and physical health, and increase food security and general community resilience. It would decrease the number of traffic accidents, provide fresher and healthier food with less preservatives, and improved contact between producers and consumers.
What would the long-term consequences be for the economy? The reform would no doubt generate radical transformations of the economy, as is precisely the intention. There would be a significant shift of dominance from transnational corporations founded on financial speculation and trade in industrially produced foodstuffs, fuels, and other internationally transported goods to locally diverse producers and services geared to sustainable livelihoods. This would be a democratic consequence of consumer power, rather than of legislation. Through a relatively simple transformation of the conditions for market rationality, governments can encourage new and more sustainable patterns of consumer behavior. In contrast to much of the drastic and often traumatic economic change of the past two centuries, these changes would be democratic and sustainable and would improve local and national resilience.
Why should society want to encourage people to refrain from formal employment? It is increasingly recognized that full or high employment cannot be a goal in itself, particularly if it implies escalating environmental degradation and energy and material throughput. Well-founded calls are thus currently made for degrowth, i.e. a reduction in the rate of production of goods and services that are conventionally quantified by economists as constitutive of GDP. Whether formal unemployment is the result of financial decline, technological development, or intentional policy for sustainability, no modern nation can be expected to leave its citizens economically unsupported. To subsist on basic income is undoubtedly more edifying than receiving unemployment insurance; the CC system encourages useful community cooperation and creative activities rather than destructive behavior that may damage a person's health.
Why should people receive an income without working? As observed above, modern nations will provide for their citizens whether they are formally employed or not. The incentive to find employment should ideally not be propelled only by economic imperatives, but more by the desire to maintain a given identity and to contribute creatively to society. Personal liberty would be enhanced by a reform which makes it possible for people to choose to spend (some of) their time on creative activities that are not remunerated on the formal market, and to accept the tradeoff implied by a somewhat lower economic standard. People can also be expected to devote a greater proportion of their time to community cooperation, earning additional CC, which means that they will contribute more to society – and experience less marginalization – than the currently unemployed.
Would savings in CC be inheritable? No.
How would transport distances of products and services be controlled? It is reasonable to expect the authorities to establish a special agency for monitoring and controlling transport distances. It seems unlikely that entrepreneurs would attempt to cheat the system by presenting distantly produced goods as locally produced, as we can expect income in regular currency generally to be preferable to income in CC. Such attempts would also entail transport costs which should make the cargo less competitive in relation to genuinely local produce, suggesting that the logic of local market mechanisms would by and large obviate the problem.
How would differences in local conditions (such as climate, soils, and urbanism) be dealt with?It is unavoidable that there would be significant variation between different locales in terms of the conditions for producing different kinds of goods. This means that relative local prices in CC for agiven product can be expected to vary from place to place. This may in turn mean that consumption patterns will vary somewhat between locales, which is predictable and not necessarily a problem. Generally speaking, a localization of resource flows can be expected to result in a more diverse pattern of calibration to local resource endowments, as in premodern contexts. The proposed system allows for considerable flexibility in terms of the geographical definition of what is categorized as local, depending on such conditions. In a fertile agricultural region, the radius for local produce may be defined, for instance, as 20 km, whereas in a less fertile or urban area, it may be 50 km. People living in urban centers are faced with a particular challenge. The reform would encourage an increased production of foodstuffs within and in the vicinity of urban areas, which in the long run may also affect urban planning. People might also choose to move to the countryside, where the range of subsistence goods that can be purchased with CC will tend to be greater. In the long run, the reform can be expected to encourage a better fit between the distribution of resources (such as agricultural land) and demography. This is fully in line with the intention of reducing long-distance transports of necessities.
What would the consequences be if people converted resources from one currency sphere into products or services sold in another? It seems unfeasible to monitor and regulate the use of distant imports (such as machinery and fuels) in producing produce for local markets, but as production for local markets is remunerated in CC, this should constitute a disincentive to invest regular money in such production processes. Production for local consumption can thus be expected to rely mostly – and increasingly – on local labor and other resource inputs.

submitted by anthropoz to sustainability [link] [comments]

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry
Yield Farming (income farming) is one of the key trends actively developing in DeFi. Thanks to this earnings strategy, the Compound project has recently taken off, ranking first in terms of the number of user funds blocked in the protocol.
The Yield Farming investment strategy, or income pharming, is to generate income from the placement of cryptocurrencies on various DeFi-platforms for crypto-lending. Before Yield Farming, the main trend in DeFi was conventional cryptocurrency deposits, bringing in 4–10% returns. However, Yield Farming can generate up to 100% annualized income.

Yield Farming is the main driver of the DeFi sector

The number of cryptocurrencies locked in DeFi (Total Value Locked — TVL) is now $2.29 billion. At the same time, over the past month, the capitalization of funds in DeFi has more than doubled, largely due to the popularity of income pharming. At the same time, the top five DeFi protocols attracted $2.1 billion in crypto assets, or 91.7% of the total TVL volume.
• Compound — $690.8 million
• MakerDAO — $644.7 million
• Synthetix — $396 million
• Aave — $192.4 million
• Balancer — $178.2 million
And the total number of users of these projects was about 230,000.
The sharp rise in interest in Yield Farming is associated with one of the new protocols on the market — Compound. Users of this platform can provide loans or take out loans in nine different cryptocurrencies, for which they receive COMP project tokens. With these tokens, Compund users can make decisions about its future development. In other words, conditional “shares” of the Compound project are distributed to those who provide liquidity to the platform, as well as to those who take loans on it. This largely corresponds to the concept of SAFG (“a simple agreement on the possibility of obtaining the right to control in the future”) as a logical development of other principles of distribution of tokens — SAFE and SAFT.

COMP for BAT

Issued daily at 2880 COMP, which is equivalent to $518,688 at a token price of $180.1. Half goes to liquidity providers, half to borrowers. At the same time, distribution is carried out to each of nine markets (BAT, ETH, USDC, USDT, Dai, REP, 0x and Sai) — to everyone who borrows or takes loans from Compound, in proportion to the interest rate, as well as to their payments for interest or income. The higher the rates for a loan or loan, the more COMP tokens are paid.
At the same time, Compound is constantly updating its token distribution rules. So, according to the latest update from July 2, COMP payments begin to be made based not on interest rates, but on the dollar value of the funds in the transaction. This should eventually lead to more use of stablecoins. For them, borrowing rates can be less than 1%, which is ten times less than for the most volatile asset in DeFi — the BAT token.
It is worth noting that until recently, Compound users received the maximum number of COMP tokens for transactions with BAT. As a result, for the period from June 19 to July 2, the volume of transactions with this asset reached $931 million, which exceeded the total turnover of Ethereum and DAI for the same period. However, another change in the rules sharply increased the volumes of DAI and USDC.

Yield Farming: Borrowing Is Better Than Lending

The changes did not affect the main advantage of Compound — the COMP tokens received by users still cover the cost of borrowing in cryptocurrencies. In other words, Compound users find it more profitable to borrow than borrow (as noted, for example, with the Tether stablecoin). Payments of COMP tokens to borrowers look like a cryptocurrency cashback for participation in the platform — this can be viewed as if, for example, American Express bank shared a small share in the share capital with users for each transaction.
This Compound policy has led to a sharp increase in loans, as well as increased income for those providing liquidity, as they also receive COMP tokens for participating in the platform. Moreover, this cashback is a plus to the interest earned on borrowed cryptocurrencies. Moreover, since borrowers receive payments on loans, liquidity providers can use their own assets to borrow more funds. As a result, their income increases and they again provide liquidity to Compound.

Not only Compound

Compound was not the only one that played an important role in popularizing Yield Farming. So, Aave makes it possible to borrow cryptocurrencies at a fixed rate, and then place them in order to generate income. Aave’s fixed rate is usually higher than Compound’s variable, which means Aave gives more income to those who provide crypto loans. There are also liquidity pools, such as Uniswap, which offer large returns (sometimes at 100% annualized rate), but with higher risks.
While the price of СOMP shows a clear downward trend (research of the Delta Exchange platform claims that this token is five times overvalued), Compound is overgrown with competitors. So, on June 22, the COMP token cost $327.82 (on the day of listing on Coinbase Pro, June 23, at the moment the cost even rose to $427), and on July 12 it was already $180.1. The fall of СOMP is noticeable, but it is worth noting that at the beginning of its emission the token cost only $16. Moreover, about 80% of COMP tokens are distributed among the top 10 addresses in Compound, and the volume of tokens in free circulation is $686 million, which corresponds to a free-float indicator of 38%. It is not high, and this will contribute to the strong volatility of COMP.
Against the background of a decrease in the cost of COMP, the Balancer platform, which provides crypto lending services from a pool of various ERC20 tokens, began distributing 145,000 native BAL tokens to liquidity providers every week. These tokens, like COMP, provide the right to participate in the management of the platform. Of the maximum possible issue of BAL 100 million, 65% will go towards payments.

Risks of Yield Farming

Despite the popularity of Yield Farming among DeFi players, this trend is not without its pitfalls. For example, Ethereum co-founder Vitalik Buterin continues to criticize DeFi, stating that “interest rates that are significantly higher than you can get when working in the field of traditional finance are either an opportunity for temporary arbitrage or are obtained at the expense of not publicly disclosed risks.”
Indeed, when using Yield Farming, the following risks should be borne in mind:
• Cryptocurrencies can be stolen from the platform they are hosted on.
• The participant may borrow too much funds in relation to the crypto deposit placed by him (trading with high leverage), as a result of which the collateral may be lost.
• The collapse of cryptocurrency rates. This factor can be realized if, for example, it turns out that some stablecoins in reality do not have the declared 1:1 collateral.
• The Compound platform will no longer reward borrowers and lenders with COMP tokens. According to the statements of the project team, the program will operate over the next four years — during this time 42% of the total token emission will be distributed. However, the site has the right to change the rules.
• Systemic risk, within which even small changes in the core principles of Yield Farming can provoke a very strong transformation of this strategy and affect its popularity.
• Scam tokens. Due to the simple asset listing system on the Uniswap site, assets such as a copy of the Balancer token, fake coins of the Curve Finance project, the DYDX token, which can be confused with dYdX, and the Uniswap Community Token, which is not related to the platform itself, appeared on it. As a result, the site issued a warning about an increase in the number of fake ERC20 tokens.

Yield Farming gives hope for the growth of cryptocurrency quotes

But how does Yield Farming affect the crypto market in general? Over the last week of June and the first ten days of July, an additional 2,430 bitcoins were added to Compound, in addition to the 170 already available at that time. The Balancer platform during the same time saw an influx of bitcoins from 126 to 1787. In total, for the implementation of Yield Farming, DeFi protocols are now more than 12,000 BTC. Potentially, an increase in the inflow of bitcoins into this sector of the cryptocurrency market can play a positive role in relation to the dynamics of the growth of quotations of the first cryptocurrency. After all, the growing popularity of Yield Farming supports interest in BTC, which is especially important given that in July, the turnover of this cryptocurrency trade fell by 31% compared to June.
Since most of the DeFi projects are based on the Ethereum blockchain and use the assets of this ecosystem, ether can potentially get an incentive for strong growth. Although the example of XRP and the development of innovations from Ripple shows that such market success is not guaranteed. It is also symbolic that the total capitalization of ERC20 tokens has reached $33 billion, exceeding the total capitalization of ether ($26.6 billion). Messari analyst Ryan Watkins, commenting on this data, said that ether has shown a very modest growth over the past two months, only 20%.
The continued growth in interest in stablecoins and the increase in trading volume with them is also driven by their popularity at Yield Farming. Along with this, stablecoins, which have long become a “bridge” between the world of classical finance and the cryptosphere, also contribute to the rapid emergence of various CBDCs on the market.

Yield Farming meets institutional investors

Yield Farming has become a natural stage in the evolution of the cryptocurrency ecosystem. However, its further destiny, like all DeFi areas, is directly related to ensuring reliable cybersecurity. This is also important from the point of view of investors who invest in infrastructure: it’s a shame, for example, that the dForce platform faced the theft of $24 million in assets, having received $1.5 million in funding from investors a few days earlier.
In this connection, venture funds from Silicon Valley are being invested in the development of infrastructure for Yield Farming. So, ParaFi is investing $4.5 million in Aave, supporting a platform that offers instant cryptocurrency loans without collateral. These are high-risk transactions for the borrower, but it is important that Aave develops further. So, it has service integration with Uniswap. Moreover, Aave became the first DeFi protocol to work with the Tether stablecoin. Plus, the platform now offers a new product — credit delegation, when a depositor can lend their assets to a specific member of the platform in a collateral-free scheme. Both parties enter into a loan agreement, which, thanks to the integration of Aave with OpenLaw, allows such a contract to be securely stored on the blockchain. In fact, this is a real exit for DeFi with Yield Farming to the classic financial market, to work with institutional investors as well.
There is also a trend towards the integration of various platforms into DeFi, which thereby help each other grow. Thus, internal tokens and “synthetic” tokens (cTokens) Compound began to be used in Uniswap. And three projects at once — Synthetix, Curve and Ren — launched a joint pool providing liquidity in the form of tokenized bitcoins.
Also in a short period of time, insurance products targeted at Yield Farming members, such as Nexus Mutual, began to appear on the market. Now the Nexus Mutual team has insured assets in the amount of $8.5 million. Curve Finance is most interested in this opportunity ($1.6 million of assets are insured). Cryptocurrencies for an average of $700,000 are also insured on the Balancer, Compound, Aave and 1inch.exchange platforms.
Yield Farming, along with decentralized insurance products, confirms the opinion of analyst Chris Burniske, who emphasized that DeFi recreates all the elements that are found in classic finance, but on a new, innovative basis. So it cannot be said that Yield Farming is a short-term trend. This segment of the cryptosphere will continue to evolve despite the decline in net margin in it, as seen in the example of Compound.
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From 10000 to 10 Million: Coin Circle KOL Happy Shares the Road of Gold Mining in China

From 10000 to 10 Million: Coin Circle KOL Happy Shares the Road of Gold Mining in China
On July 27,2020, Bitcoin soared from US $9900 to US $11400, a 15% increase in a single day, opening the first round of global cryptocurrency market outbreak after the epidemic.Since then, different currencies have been soaring in turn every day.A few days ago, I attended a private gathering of cryptocurrency circle in Silicon Valley, and got to know a veteran of currency circle named XX.XX is a China expert and an early investor of TRX, OMG and EOS. It started from $10000 and now has a value of more than $10 million. It is called China bitbutcher in a small circle.The author and XX talked about a lot of dry goods, now sorted out to share with you, interested can add my telegraph group(https://0.plus/bpopaha)Discuss it together.The following is the account in XX’s own words.
Firstly, you need to understand the market.
Some people call me China Bitbutcher. In fact, there are many people who make more money than me in the Chinese market. Although the projects invested are different, they all have one thing in common, that is, they all have a better understanding of the Chinese market. At least you have to install a Wechat. You see, I have added many groups of Chinese investors to collect information and study their investment characteristics. For example, this expression pack is very representative.

https://preview.redd.it/hw206pna4ft51.png?width=554&format=png&auto=webp&s=5beec66a2550f010d591cd12e3ba085e9899384e
"show-hand" here is the transliteration of show hand, which means that you can bet all your cash on a single coin. If you only bet on one coin, you will have either heaven or hell.Whenever a KOL starts to shout for orders, the retail investors in the community will rush to get into the gold and shout the slogan of "show-hand". The lucky ones who get into the gold earlier will get several times or even dozens of times (or higher) return on investment.
Similar to the "Beat Generation" born after World War II in the United States, today's young people in China are called "post-90s" and "post-00s". Although they don't have to worry about food and drink, their limited income is far behind the increase in urban house prices and living costs. Houses and cars are the necessary conditions for young Chinese men to marry their wives.As a result, these young people tend to be very aggressive in investment, and there are many people eager to make tens of thousands of dollars with thousands of dollars.At present, there are millions of investors in China's currency circle, which is equivalent to the total population of some small European countries. Behind this, there are tens of millions of stock investors who will turn to coin circle people at any time. Since the popularity of ICO in 2017, China has produced dozens of hundreds or even thousands of times projects such as Neo, TRX, ONT, etc., and tens of billions of dollars of funds have been taken out and deposited from the pockets of investors in the currency circle. At the same time, there are also a large number of gold miners (most of them are foreigners) who have absorbed a lot of money from China through ICO and obtained wealth freedom. Among them, EOS is a typical example. The financing time is as long as one year, and the financing scale is more than 2 billion US dollars, of which a large part is paid by Chinese young people. There is also a well-known KOL in China, who has been crazy about EOS, even calling out the slogan of "three waves of fighting to 1000 yuan (Note: 1000 yuan is equivalent to 143 US dollars, currently EOS is worth 3 dollars). However, such a crazy KOL still has the support of hundreds of thousands of fans. Fortunately, with so many fanatics, the EOS I held in the early stage could be safely and gradually shipped, with a comprehensive yield of 553%. It's not too much to say that it's collecting money on the ground. So if you take the same money and gamble with the gentlemen on Wall Street, you'd better take the same money to China’s currency circle market. By the way, there was also a big man in the currency circle in China who said that these retail investors were "idiot", "stupid people, lots of money, come quickly". I didn't believe it. However, at the end of 2017, I heard from my Chinese friends that I invested in a project called TRX. I only invested $5000, and finally I withdrew 100 times. 5000 US dollars turned into 500000 US dollars. Since then, I have fallen in love with this magic market.
Secondly, we should see the situation clearly.
A leader of China's democratic revolution once said a sentence that I like very much, which is called "the general trend of the world, the one who goes along will prosper, and the one who goes against will die." So before you pay, ask yourself a question: do you think the bull market has opened? Or is the bull market in the middle? This needs your own judgment, conform to the general trend to make money. In my opinion, at the present stage, two thirds of 2020 has passed. In the past eight months, the global epidemic broke out, the economy went down, the US stock market failed, the Olympic Games were postponed, and Bitcoin plummeted to 3800usdt.Under this undercurrent, hot money is irresistible, especially the savings of Chinese currency circle investors in the long bear market, which urgently needs an investment export. On the surface, this bull market is led by Ethereum, but in fact it is the result of a combination of multiple factors. One of the key points is to invest in customers' wallets. With Bitcoin starting on July 21, the current high level of 12000 or so, most of the mainstream currencies in the market have completed the round of rise. Meanwhile, the defi plate is extremely hot, and the future market will continue to be bullish. Judging the situation is the basic logic of our investment. If this does not hold up, there is no need to look down.
Thirdly, choose potential currencies.
If you also agree that the bull market will continue, then you should take advantage of this wave of heat, ambush some hot currencies in advance, and then wait for the market makers to stir up the market and plate, attract a large number of retail investors to follow suit, so as to easily make money in the market. At present, it is obvious that the market has entered the second typical stage: bitcoin trading horizontally and counterfeit currency rising in turn. Almost every day comes the news that the counterfeit currency of XX is about to soar, and then investors who build their positions ahead of time are beaming with joy to show their income map in the major communities.
Please note that! At this time, most of the unqualified investors are following the trend and buying without their own opinions. It is true that some people have made a lot of money, but the risks have multiplied. Because while they are making money, they are also carrying sedan chairs for the makers. But a small number of "smart people" don't think so. They firmly believe that the safest way is to make money within their scope. One of the important ideas is to explore the underrated high-quality projects that have not yet started to rise in the bull market, complete the warehouse building at the low level, and get the early hundred times chips.
Fourth, how to find a hundred times currency.
As we all know, 100 times coin has the following characteristics: it has a perfect business model and pass card model, has its own application and ecology, and has a group of loyal users and community consensus. This is the fundamental reason why I found TRX, OMG, ONT and other currencies. There is an outstanding businessman named Jack Ma in China. He put forward a concept called "small is beautiful", which means that the best investment target is a project with small scale and high marginal profit. Just in the past two days, I downloaded an investment advisory app called coin bubble through China's wechat group, and also sent a token. I think it is small and beautiful according to my own definition.

https://preview.redd.it/p7wphcnb4ft51.png?width=415&format=png&auto=webp&s=1d5d5ff51515689843bfb7acc83e12b20a6c0ec8
According to the official introduction, the coin bubble is a mobile terminal entrance for digital financial investors. It is committed to creating a rich, interesting and practical digital financial investment consultant ecosystem, helping new users of the digital financial investment circle to quickly integrate into the circle and culture, improve their investment skills and obtain better investment returns. The goal of currency bubble is to become the first stop for traditional financial investors to enter the digital financial world and the first entrance for incremental users and incremental funds. The concept is quite grand, but in a word, the team has made a consultant app for coin circle investment and built an active community of crypto asset enthusiasts. Through the mode of knowledge payment or commission, KOL at the head of the coin circle helps their fans to purchase crypto assets and derivatives with zero threshold, and obtain commission income from it.

https://preview.redd.it/xf8mesac4ft51.png?width=831&format=png&auto=webp&s=0a81609ba54896bcb3e23bd4186faae14871a2d9
Different from some projects on the market that often claim to be hundreds of thousands of users and start to issue money in the air stage, the money bubble has been done as a traditional Internet project from the beginning. The team itself is not short of money, and has not raised a lot of money in the initial stage. Instead, it only focuses on the perspective of resource exchange from the perspective of Genesis fund, alpha-coin fund and Continue Capital and other cryptocurrency capital parties symbolically took some start-up funds in order to better utilize the latter's extensive network resources in the currency circle. According to a friend who has a good relationship with the core team, the management of the currency bubble is extremely low-key, and rarely appears in front of the currency circle media. The team has always believed in the principle of product first, and has little interest in marketing. Just as soon as the app 1.0 version was launched, it caused a widespread sensation in the currency circle, and even was immediately plagiarized at pixel level by another well-known giant app two weeks later. But the team just said in the internal meeting, copy it, see whether you copy fast or we innovate fast. As a result, when app2.0 was released, the coin recommendation function was once again popular, absorbing countless powder, and it was still copied by several friends. However, this kind of plagiarism can not last for a long time, because the money bubble depends not only on the function innovation, but also on the community reputation. The Internet has such Matthew effect, and the head app is always strong.
At present, the coin bubble has initially established a product matrix of currency recommendation, spot strategy, contract strategy and communication community. Investors, KOL, exchanges and project parties in the currency circle can take what they need and get the resources they want. At present, money bubble has been the first place in the investment advisory track by relying on natural flow and word-of-mouth propaganda. Many of the original friends who only relied on plagiarism have disappeared. At present, there are about 3000 KOLs with different levels in the currency bubble, which continuously release spot currency, contract strategy and potential currency on app. Online, hundreds of thousands of users can easily find KOL with high success rate and stable yield through the currency bubble platform to carry out documentary operation to obtain profits. Offline, the coin bubble has dozens of official wechat groups and hundreds of alliance groups, radiating millions of users in the currency circle. Currency bubble has become the first professional community in China's domestic currency circle.

https://preview.redd.it/wqkepl5d4ft51.png?width=165&format=png&auto=webp&s=3d1e64767df8aba25a13d36ae6f5ee988ca493ad
Currency recommendation plate spot plate contract plate

https://preview.redd.it/5gxx4kyd4ft51.png?width=183&format=png&auto=webp&s=8aa2eaa7710cdc00655b48ed2d718071ac1b1f37
Money bubble online community currency bubble wechat community
In order to better integrate and match the resources in the ecosystem, coin bubble launched token BPOP with the same name in a low-key manner in 19 years, but it has not been vigorously promoted. This is also in line with the team's low-key temperament of not lacking money, not promoting and only making products with heart. According to internal information, BPOP token will be used for the following purposes:
First, you can use BPOP to subscribe to KOL's trading strategy. Previously, in order to comply in China, BPOP has been using French currency to settle Commission. However, the team may have considered the subsequent global promotion, and it is time to introduce ecological token for internal settlement. The good news is that the English version of coin bubble was launched in early September, which will better serve the global English speaking users in North America and Europe. At the same time, the project side also said that it would launch multi language versions such as Japanese version, Korean version and Latin version as soon as possible, so as to provide accurate investment advisory services for users in more regions of the world.
Secondly, BPOP can be used to offset the service charge of the platform.This seems to be consistent with the strategy of the traditional exchange and the traditional investment consulting company, but in fact, the Commission is charged only when the strategy is profitable. This is totally different from the traditional one. It is a killing strategy created from the perspective of investors in the currency circle. As we know, the vast majority of the profits of exchanges and consulting companies come from the handling fees for ensuring the collection of goods during drought and flood, especially for futures contracts, which are extremely high. This small fee hides the ambition of the currency bubble to subvert the status quo of the industry. Now there is a popular word called dimension reduction strike. It is the Internet that kills physical stores, and takeaway is used to kill instant noodles. Is it possible that the person who kills the exchange is such a latecomer?
Thirdly, BPOP can be used for position dividend. As mentioned above, the money bubble is set up according to the traditional Internet companies, and has its own stable source of income. Besides the platform Commission, a large part of it comes from the realization of traffic, that is, advertising revenue. Money bubble has served many star customers, such as OKEX, Bybit, MXC, famous project parties such as STPT, AKRO, DOS, ARPA, etc., and has reached hundreds of customers. Relying on its own flow advantages, the coin bubble provides accurate diversion and product promotion services for customers, matches high-quality investors in the currency circle for high-quality project parties and exchanges, and achieves a win-win situation. The subsequent position is equivalent to holding currency bubble stock, which will continue to enjoy the income and dividend of currency bubble.
According to informed sources, BPOP will develop new products in combination with the current defi hot spots, and BPOP will also be the only value medium in the product ecology of defi, which means that the higher the demand for products, the stronger the price support of BPOP.
- BPSwap
BPSwap is an asset exchange platform, which can be used for token exchange of any public chain agreement. In the initial stage of the product, BPOP will be used as the main exchange target, i.e. eth / BPOP, TRX / BPOP and other transaction pairs. In the later stage, transactions between different currencies and flash exchange functions will be gradually opened;
When a general investor subscribes to KOL's portfolio with BPOP, he / she can use BPSwap for trading exchange, and can also obtain income by providing transaction liquidity, which can not only quickly buy "wealth password" but also obtain additional income by using "wealth password";
The main functions of BPSwap are as follows:
1)Provide various platform data. Such as liquidity pool data, convertible currency pairs, exchange currency pair liquidity and transaction volume data;
Exchange mechanism of transaction currency. In the initial stage, erc-20 or trc-20 will be opened to exchange currency pairs for BPOP transactions. Any user can view KOL recommended currency on BPOP platform and conduct transaction exchange directly;
2)Liquidity pool reward and new liquidity token. Any user can provide liquidity for different trading currency pairs, increase or remove assets in the liquidity pool. At the same time, the platform will issue a new liquidity token bpop-lp to reward users who provide liquidity for trading currency pairs. Bpop-lp can be exchanged with BPOP / USDT / eth;
3)Flash cash function. Quick exchange of small assets.
In a word, BPSwap can make the users of currency bubble realize all kinds of "one-step" needs, from buying currency, to checking and recommending currency, to asset transaction and exchange, etc., so as to realize the closed-loop use of digital currency. As the only value medium of BPSwap, BPOP will be used by more and more users with the maturity of products, and the price will rise.
Finally, BPOP will also realize the interesting functions of internal users such as reward and props purchase, which may be related to the next blockbuster version. I don't know the details, so I won't make a wild guess.
The above is basically from the product, operation and technical aspects of the project analysis, but these alone are not enough, when we choose the investment target, we also need to carefully analyze the token situation, in order to draw a more accurate conclusion.These analyses are boring, but they are often critical. The reason is exactly the same when we analyze other currencies according to the method I said.
The reason why bitcoin has become the favorite of investors is that it can not be issued more shares and has the characteristics of unlimited deflation. Although BPOP cannot be dug out, its deflation is more fierce and fierce. I can easily find out that the current circulation of BPOP is extremely limited after a large number of lock ups and multiple destruction of BPOP by combining the announcement issued by the currency bubble and the data on the chain. The currency distribution of BPOP is shown in the figure. The orange part is the market circulation volume, accounting for 10%.The other blue parts are those in lock / destroyed / to be destroyed.
Currency bubble contract address: 0x0452aed878805514e28fb5bd0b56bef92176e32a
As can be seen from the figure, the total amount of BPOP is 1 billion. Among them, the foundation has actively destroyed 500 million, ecological destruction has reached 100 million, team lock up 200 million, private placement has not been issued and destroyed by 42.4 million. The remaining cornerstone investment is 100 million and the market is 57.6 million. At present, there is only 157.6 million circulation in the market. According to the official announcement, the government has been using the business profits to buy back from the secondary market. At present, the government has successively bought back about 60 million, and the real circulation in the market is only about 97 million tokens.
In addition, the project side's goal is to continue to buy back to 147.6 million and then destroy all the tokens, and all the tokens will be deflated to 10 million. According to the current real circulation of 97 million, the current CBX.ONE Its latest trading price is 0.005usdt, and its circulation market value is about 485000u. Compared with its current user volume and business volume, it is in a seriously underestimated state, and there is a huge space for imagination in the future. At present, the price is at a historical low price, which conforms to all my definitions of small and beautiful.
To sum up, BPOP meets all the characteristics of this bull market
- The business model, application and ecology are complete, and a large number of landing products are used by users;
- The market value of project token is small, but the project investment institutions are strong;
- The project team has deep experience in the blockchain industry and is keen on doing practical things.
- The direction of the project is in line with the hot spots of the current bull market.
There is a well-known saying in China's retail circle, "hold on, the team is working." On the one hand, it means that the team only focuses on the products and does not care about the price performance of the secondary market; on the other hand, it means that the project team is really pushing the whole product forward and the price has strong support. However, as long as there are specific landing products and a large number of users use them, the currency price will naturally attract other hot money to come in and raise the price. After all, the secondary market is just a capital game, and the coin bubble project meets this condition. The products are developed in an orderly way, and the market value is still so small. It is very easy for BPOP to rise several times or dozens of times in this bull market.
At present, BPOP passes can be found in the decentralized exchange uniswap (search BPOP or contract address: 0x0452aed878805514e28fb5bd0b56bef92176e32a) and the centralized exchange Dubai compliance exchange cbx.com Trading. Those who are interested can learn about it by themselves. Of course, before buying, you can also go to its official website(http://www.bpop.io)Download the app to experience it. By the way, I tried to recharge 1000 usdt, and now I have made more than 300 usdt. Of course, some secondary pages still have a lot of Chinese, which is a little difficult to watch. It is said that an optimized version of the English version will be released soon, and everyone can experience it at that time.
Finally, I would like to remind you that although the money in China's currency circle is relatively easy to earn, it is also a high-risk investment variety. Before you enter this market, please be sure to follow the above-mentioned method to deeply understand the Chinese market and analyze the currency you like in detail. If you have any questions, please feel free to communicate with me.
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From 10000 to 10 Million: Coin Circle KOL Happy Shares the Road of Gold Mining in China

From 10000 to 10 Million: Coin Circle KOL Happy Shares the Road of Gold Mining in China
On July 27,2020, Bitcoin soared from US $9900 to US $11400, a 15% increase in a single day, opening the first round of global cryptocurrency market outbreak after the epidemic.Since then, different currencies have been soaring in turn every day.A few days ago, I attended a private gathering of cryptocurrency circle in Silicon Valley, and got to know a veteran of currency circle named XX.XX is a China expert and an early investor of TRX, OMG and EOS. It started from $10000 and now has a value of more than $10 million. It is called China bitbutcher in a small circle.The author and XX talked about a lot of dry goods, now sorted out to share with you, interested can add my telegraph group(https://0.plus/bpopaha)Discuss it together.The following is the account in XX’s own words.
Firstly, you need to understand the market.
Some people call me China Bitbutcher. In fact, there are many people who make more money than me in the Chinese market. Although the projects invested are different, they all have one thing in common, that is, they all have a better understanding of the Chinese market. At least you have to install a Wechat. You see, I have added many groups of Chinese investors to collect information and study their investment characteristics. For example, this expression pack is very representative.

https://preview.redd.it/lf8vonlf5ft51.png?width=554&format=png&auto=webp&s=d7821b57d41984254f8fc6643a5f084565db8749
"show-hand" here is the transliteration of show hand, which means that you can bet all your cash on a single coin. If you only bet on one coin, you will have either heaven or hell.Whenever a KOL starts to shout for orders, the retail investors in the community will rush to get into the gold and shout the slogan of "show-hand". The lucky ones who get into the gold earlier will get several times or even dozens of times (or higher) return on investment.
Similar to the "Beat Generation" born after World War II in the United States, today's young people in China are called "post-90s" and "post-00s". Although they don't have to worry about food and drink, their limited income is far behind the increase in urban house prices and living costs. Houses and cars are the necessary conditions for young Chinese men to marry their wives.As a result, these young people tend to be very aggressive in investment, and there are many people eager to make tens of thousands of dollars with thousands of dollars.At present, there are millions of investors in China's currency circle, which is equivalent to the total population of some small European countries. Behind this, there are tens of millions of stock investors who will turn to coin circle people at any time. Since the popularity of ICO in 2017, China has produced dozens of hundreds or even thousands of times projects such as Neo, TRX, ONT, etc., and tens of billions of dollars of funds have been taken out and deposited from the pockets of investors in the currency circle. At the same time, there are also a large number of gold miners (most of them are foreigners) who have absorbed a lot of money from China through ICO and obtained wealth freedom. Among them, EOS is a typical example. The financing time is as long as one year, and the financing scale is more than 2 billion US dollars, of which a large part is paid by Chinese young people. There is also a well-known KOL in China, who has been crazy about EOS, even calling out the slogan of "three waves of fighting to 1000 yuan (Note: 1000 yuan is equivalent to 143 US dollars, currently EOS is worth 3 dollars). However, such a crazy KOL still has the support of hundreds of thousands of fans. Fortunately, with so many fanatics, the EOS I held in the early stage could be safely and gradually shipped, with a comprehensive yield of 553%. It's not too much to say that it's collecting money on the ground. So if you take the same money and gamble with the gentlemen on Wall Street, you'd better take the same money to China’s currency circle market. By the way, there was also a big man in the currency circle in China who said that these retail investors were "idiot", "stupid people, lots of money, come quickly". I didn't believe it. However, at the end of 2017, I heard from my Chinese friends that I invested in a project called TRX. I only invested $5000, and finally I withdrew 100 times. 5000 US dollars turned into 500000 US dollars. Since then, I have fallen in love with this magic market.
Secondly, we should see the situation clearly.
A leader of China's democratic revolution once said a sentence that I like very much, which is called "the general trend of the world, the one who goes along will prosper, and the one who goes against will die." So before you pay, ask yourself a question: do you think the bull market has opened? Or is the bull market in the middle? This needs your own judgment, conform to the general trend to make money. In my opinion, at the present stage, two thirds of 2020 has passed. In the past eight months, the global epidemic broke out, the economy went down, the US stock market failed, the Olympic Games were postponed, and Bitcoin plummeted to 3800usdt.Under this undercurrent, hot money is irresistible, especially the savings of Chinese currency circle investors in the long bear market, which urgently needs an investment export. On the surface, this bull market is led by Ethereum, but in fact it is the result of a combination of multiple factors. One of the key points is to invest in customers' wallets. With Bitcoin starting on July 21, the current high level of 12000 or so, most of the mainstream currencies in the market have completed the round of rise. Meanwhile, the defi plate is extremely hot, and the future market will continue to be bullish. Judging the situation is the basic logic of our investment. If this does not hold up, there is no need to look down.
Thirdly, choose potential currencies.
If you also agree that the bull market will continue, then you should take advantage of this wave of heat, ambush some hot currencies in advance, and then wait for the market makers to stir up the market and plate, attract a large number of retail investors to follow suit, so as to easily make money in the market. At present, it is obvious that the market has entered the second typical stage: bitcoin trading horizontally and counterfeit currency rising in turn. Almost every day comes the news that the counterfeit currency of XX is about to soar, and then investors who build their positions ahead of time are beaming with joy to show their income map in the major communities.
Please note that! At this time, most of the unqualified investors are following the trend and buying without their own opinions. It is true that some people have made a lot of money, but the risks have multiplied. Because while they are making money, they are also carrying sedan chairs for the makers. But a small number of "smart people" don't think so. They firmly believe that the safest way is to make money within their scope. One of the important ideas is to explore the underrated high-quality projects that have not yet started to rise in the bull market, complete the warehouse building at the low level, and get the early hundred times chips.
Fourth, how to find a hundred times currency.
As we all know, 100 times coin has the following characteristics: it has a perfect business model and pass card model, has its own application and ecology, and has a group of loyal users and community consensus. This is the fundamental reason why I found TRX, OMG, ONT and other currencies. There is an outstanding businessman named Jack Ma in China. He put forward a concept called "small is beautiful", which means that the best investment target is a project with small scale and high marginal profit. Just in the past two days, I downloaded an investment advisory app called coin bubble through China's wechat group, and also sent a token. I think it is small and beautiful according to my own definition.

https://preview.redd.it/j4y0jxlg5ft51.png?width=415&format=png&auto=webp&s=14fb7e5786c8d310a2ad522aebfd25c09da1dc32
According to the official introduction, the coin bubble is a mobile terminal entrance for digital financial investors. It is committed to creating a rich, interesting and practical digital financial investment consultant ecosystem, helping new users of the digital financial investment circle to quickly integrate into the circle and culture, improve their investment skills and obtain better investment returns. The goal of currency bubble is to become the first stop for traditional financial investors to enter the digital financial world and the first entrance for incremental users and incremental funds. The concept is quite grand, but in a word, the team has made a consultant app for coin circle investment and built an active community of crypto asset enthusiasts. Through the mode of knowledge payment or commission, KOL at the head of the coin circle helps their fans to purchase crypto assets and derivatives with zero threshold, and obtain commission income from it.

https://preview.redd.it/a0h0bu2h5ft51.png?width=831&format=png&auto=webp&s=36f26e4869ee1b063022a46767e5fdbd7a2081a4
Different from some projects on the market that often claim to be hundreds of thousands of users and start to issue money in the air stage, the money bubble has been done as a traditional Internet project from the beginning. The team itself is not short of money, and has not raised a lot of money in the initial stage. Instead, it only focuses on the perspective of resource exchange from the perspective of Genesis fund, alpha-coin fund and Continue Capital and other cryptocurrency capital parties symbolically took some start-up funds in order to better utilize the latter's extensive network resources in the currency circle. According to a friend who has a good relationship with the core team, the management of the currency bubble is extremely low-key, and rarely appears in front of the currency circle media. The team has always believed in the principle of product first, and has little interest in marketing. Just as soon as the app 1.0 version was launched, it caused a widespread sensation in the currency circle, and even was immediately plagiarized at pixel level by another well-known giant app two weeks later. But the team just said in the internal meeting, copy it, see whether you copy fast or we innovate fast. As a result, when app2.0 was released, the coin recommendation function was once again popular, absorbing countless powder, and it was still copied by several friends. However, this kind of plagiarism can not last for a long time, because the money bubble depends not only on the function innovation, but also on the community reputation. The Internet has such Matthew effect, and the head app is always strong.
At present, the coin bubble has initially established a product matrix of currency recommendation, spot strategy, contract strategy and communication community. Investors, KOL, exchanges and project parties in the currency circle can take what they need and get the resources they want. At present, money bubble has been the first place in the investment advisory track by relying on natural flow and word-of-mouth propaganda. Many of the original friends who only relied on plagiarism have disappeared. At present, there are about 3000 KOLs with different levels in the currency bubble, which continuously release spot currency, contract strategy and potential currency on app. Online, hundreds of thousands of users can easily find KOL with high success rate and stable yield through the currency bubble platform to carry out documentary operation to obtain profits. Offline, the coin bubble has dozens of official wechat groups and hundreds of alliance groups, radiating millions of users in the currency circle. Currency bubble has become the first professional community in China's domestic currency circle.

https://preview.redd.it/kjlb2ssh5ft51.png?width=165&format=png&auto=webp&s=442e8c22659fc29c1e0cb8e4e066795b9896cdbd
Currency recommendation plate spot plate contract plate

https://preview.redd.it/3kz5uu7i5ft51.png?width=183&format=png&auto=webp&s=95b6d1665dc61768679160fd2fb234cf55ad48c3
Money bubble online community currency bubble wechat community
In order to better integrate and match the resources in the ecosystem, coin bubble launched token BPOP with the same name in a low-key manner in 19 years, but it has not been vigorously promoted. This is also in line with the team's low-key temperament of not lacking money, not promoting and only making products with heart. According to internal information, BPOP token will be used for the following purposes:
First, you can use BPOP to subscribe to KOL's trading strategy. Previously, in order to comply in China, BPOP has been using French currency to settle Commission. However, the team may have considered the subsequent global promotion, and it is time to introduce ecological token for internal settlement. The good news is that the English version of coin bubble was launched in early September, which will better serve the global English speaking users in North America and Europe. At the same time, the project side also said that it would launch multi language versions such as Japanese version, Korean version and Latin version as soon as possible, so as to provide accurate investment advisory services for users in more regions of the world.
Secondly, BPOP can be used to offset the service charge of the platform.This seems to be consistent with the strategy of the traditional exchange and the traditional investment consulting company, but in fact, the Commission is charged only when the strategy is profitable. This is totally different from the traditional one. It is a killing strategy created from the perspective of investors in the currency circle. As we know, the vast majority of the profits of exchanges and consulting companies come from the handling fees for ensuring the collection of goods during drought and flood, especially for futures contracts, which are extremely high. This small fee hides the ambition of the currency bubble to subvert the status quo of the industry. Now there is a popular word called dimension reduction strike. It is the Internet that kills physical stores, and takeaway is used to kill instant noodles. Is it possible that the person who kills the exchange is such a latecomer?
Thirdly, BPOP can be used for position dividend. As mentioned above, the money bubble is set up according to the traditional Internet companies, and has its own stable source of income. Besides the platform Commission, a large part of it comes from the realization of traffic, that is, advertising revenue. Money bubble has served many star customers, such as OKEX, Bybit, MXC, famous project parties such as STPT, AKRO, DOS, ARPA, etc., and has reached hundreds of customers. Relying on its own flow advantages, the coin bubble provides accurate diversion and product promotion services for customers, matches high-quality investors in the currency circle for high-quality project parties and exchanges, and achieves a win-win situation. The subsequent position is equivalent to holding currency bubble stock, which will continue to enjoy the income and dividend of currency bubble.
According to informed sources, BPOP will develop new products in combination with the current defi hot spots, and BPOP will also be the only value medium in the product ecology of defi, which means that the higher the demand for products, the stronger the price support of BPOP.
- BPSwap
BPSwap is an asset exchange platform, which can be used for token exchange of any public chain agreement. In the initial stage of the product, BPOP will be used as the main exchange target, i.e. eth / BPOP, TRX / BPOP and other transaction pairs. In the later stage, transactions between different currencies and flash exchange functions will be gradually opened;
When a general investor subscribes to KOL's portfolio with BPOP, he / she can use BPSwap for trading exchange, and can also obtain income by providing transaction liquidity, which can not only quickly buy "wealth password" but also obtain additional income by using "wealth password";
The main functions of BPSwap are as follows:
1)Provide various platform data. Such as liquidity pool data, convertible currency pairs, exchange currency pair liquidity and transaction volume data;
Exchange mechanism of transaction currency. In the initial stage, erc-20 or trc-20 will be opened to exchange currency pairs for BPOP transactions. Any user can view KOL recommended currency on BPOP platform and conduct transaction exchange directly;
2)Liquidity pool reward and new liquidity token. Any user can provide liquidity for different trading currency pairs, increase or remove assets in the liquidity pool. At the same time, the platform will issue a new liquidity token bpop-lp to reward users who provide liquidity for trading currency pairs. Bpop-lp can be exchanged with BPOP / USDT / eth;
3)Flash cash function. Quick exchange of small assets.
In a word, BPSwap can make the users of currency bubble realize all kinds of "one-step" needs, from buying currency, to checking and recommending currency, to asset transaction and exchange, etc., so as to realize the closed-loop use of digital currency. As the only value medium of BPSwap, BPOP will be used by more and more users with the maturity of products, and the price will rise.
Finally, BPOP will also realize the interesting functions of internal users such as reward and props purchase, which may be related to the next blockbuster version. I don't know the details, so I won't make a wild guess.
The above is basically from the product, operation and technical aspects of the project analysis, but these alone are not enough, when we choose the investment target, we also need to carefully analyze the token situation, in order to draw a more accurate conclusion.These analyses are boring, but they are often critical. The reason is exactly the same when we analyze other currencies according to the method I said.
The reason why bitcoin has become the favorite of investors is that it can not be issued more shares and has the characteristics of unlimited deflation. Although BPOP cannot be dug out, its deflation is more fierce and fierce. I can easily find out that the current circulation of BPOP is extremely limited after a large number of lock ups and multiple destruction of BPOP by combining the announcement issued by the currency bubble and the data on the chain. The currency distribution of BPOP is shown in the figure. The orange part is the market circulation volume, accounting for 10%.The other blue parts are those in lock / destroyed / to be destroyed.
Currency bubble contract address: 0x0452aed878805514e28fb5bd0b56bef92176e32a
As can be seen from the figure, the total amount of BPOP is 1 billion. Among them, the foundation has actively destroyed 500 million, ecological destruction has reached 100 million, team lock up 200 million, private placement has not been issued and destroyed by 42.4 million. The remaining cornerstone investment is 100 million and the market is 57.6 million. At present, there is only 157.6 million circulation in the market. According to the official announcement, the government has been using the business profits to buy back from the secondary market. At present, the government has successively bought back about 60 million, and the real circulation in the market is only about 97 million tokens.
In addition, the project side's goal is to continue to buy back to 147.6 million and then destroy all the tokens, and all the tokens will be deflated to 10 million. According to the current real circulation of 97 million, the current CBX.ONE Its latest trading price is 0.005usdt, and its circulation market value is about 485000u. Compared with its current user volume and business volume, it is in a seriously underestimated state, and there is a huge space for imagination in the future. At present, the price is at a historical low price, which conforms to all my definitions of small and beautiful.
To sum up, BPOP meets all the characteristics of this bull market
- The business model, application and ecology are complete, and a large number of landing products are used by users;
- The market value of project token is small, but the project investment institutions are strong;
- The project team has deep experience in the blockchain industry and is keen on doing practical things.
- The direction of the project is in line with the hot spots of the current bull market.
There is a well-known saying in China's retail circle, "hold on, the team is working." On the one hand, it means that the team only focuses on the products and does not care about the price performance of the secondary market; on the other hand, it means that the project team is really pushing the whole product forward and the price has strong support. However, as long as there are specific landing products and a large number of users use them, the currency price will naturally attract other hot money to come in and raise the price. After all, the secondary market is just a capital game, and the coin bubble project meets this condition. The products are developed in an orderly way, and the market value is still so small. It is very easy for BPOP to rise several times or dozens of times in this bull market.
At present, BPOP passes can be found in the decentralized exchange uniswap (search BPOP or contract address: 0x0452aed878805514e28fb5bd0b56bef92176e32a) and the centralized exchange Dubai compliance exchange cbx.com Trading. Those who are interested can learn about it by themselves. Of course, before buying, you can also go to its official website(http://www.bpop.io)Download the app to experience it. By the way, I tried to recharge 1000 usdt, and now I have made more than 300 usdt. Of course, some secondary pages still have a lot of Chinese, which is a little difficult to watch. It is said that an optimized version of the English version will be released soon, and everyone can experience it at that time.
Finally, I would like to remind you that although the money in China's currency circle is relatively easy to earn, it is also a high-risk investment variety. Before you enter this market, please be sure to follow the above-mentioned method to deeply understand the Chinese market and analyze the currency you like in detail. If you have any questions, please feel free to communicate with me.
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Futures margin account mechanics with Bitcoin (FRM T3-2) Crypto Trading Risk Management - YouTube You Need to Watch this video BEFORE trading Bitcoin, Forex or Stocks. How to Trade Bitcoin with CoreSpreads ☝ Long or Short Bitcoin Safely  Risk Management & Stop Losses (2020 Tutoriual)

Bitcoin Margin Trading Summary. Margin trading, also known as leveraged trading, is a form of trading that uses borrowed funds in order to trade larger amounts of a specific asset. For example, if you have 1 Bitcoin on Binance, you can borrow up to 2 Bitcoins more and trade as if you had 3 Bitcoins. While margin trading increases your profits ... Bitcoin leverage trading allows you to control more sizable positions and make more profits. In many cases, you can control 10 to 20 times the amount required to open the position. The amount put down to open a trade in bitcoin leverage trading is known as margin. So if the broker requires 2% margin to open a 50:1 leverage trade, you need to ... Risk Management: When trading on margin, set clear rules of risk management, beware of excessive greed. Take into account the amount you are willing to risk, keeping in mind that it can be lost entirely. Set levels for closing positions, taking profit levels, and the most important – set up stop-loss levels. Risk Management in Crypto. In this article I try to give you an overview about what it means to manage risk when trading Bitcoin or altcoins. Every pro trader is using the word risk management when talking about Bitcoin trading strategies and it’s one of the most important terms in the whole field of trading. Risk management is one of the most important elements to successful trading. No matter how good you think your trade set up is, nothing is ever guaranteed. Every trader takes a hit from time to time but having an effective risk management strategy is what will keep you in the game for the long haul, especially when trading bitcoin.

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Futures margin account mechanics with Bitcoin (FRM T3-2)

If you use responsible risk management, you won't be stressed out if a trade doesn't go your way, and you won't feel the need to stay glued to your computer ... I will discuss things like margin requirements, costs of trading cryptos and how to place a trade. With CoreSpreads you can basically trade Bitcoin, Ether and Ripple. With CoreSpreads you can ... Many beginners look at margin or leveraged trading as a way to make huge gains while trading Bitcoin or other cryptocurrencies. With several exchanges (like BitMex) offering up to 100x leverage ... Margin trading confers a higher profit potential than traditional trading but also greater risks. Purchasing stocks on margin amplifies the effects of losses. Additionally, the broker may issue a ... This video showcases how to use proper risk management by using the Kelly Criterion. Do you want to trade like a retail or professional trader? This video hi...

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