GitHub - greenaddress/GreenBits: GreenBits is a Bitcoin

IMPORTANT: Multiple fake wallets making it to the Apple App Store, potentially stealing user funds

A fake breadwallet app using the same title and icon as the real breadwallet made it through Apple’s review process and was added to the App Store on July 29th. We took immediate action and had it removed, although a few users who inadvertently downloaded the fake app have reported having funds stolen from it. We’ve noticed more suspicious apps being added to the App Store, using breadwallet’s source code and sometimes infringing on other app’s copyrights.
Here are the new wallets we’ve noticed so far with their exact naming. Please be cautious:
GreenAddress - Bitcoin Wallet https://itunes.apple.com/us/app/greenaddress-bitcoin-wallet/id1139753685?mt=8
Simple Bitcoin Wallet https://itunes.apple.com/us/app/simple-bitcoin-wallet/id1138700421?mt=8
Simple Bitcoin Wallet ™ https://itunes.apple.com/us/app/simple-bitcoin-wallet/id1140433170?mt=8
GreenBits Bitcoin Wallet https://itunes.apple.com/us/app/greenbits-bitcoin-wallet/id1138675915?mt=8
Bitcoin Wallet https://itunes.apple.com/us/app/bitcoin-wallet/id1137555856?mt=8
Bitcoin Armory Wallet - bitcoin offline wallet https://itunes.apple.com/us/app/bitcoin-armory-wallet-bitcoin/id1139569125?mt=8
Blockchain - Offline Bitcoin Wallet https://itunes.apple.com/us/app/blockchain-offline-bitcoin/id1140411956?mt=8
BitcoinCore - Bitcoin Wallet https://itunes.apple.com/us/app/bitcoincore-bitcoin-wallet/id1140170409?mt=8
submitted by breadwallet_dan to Bitcoin [link] [comments]

IMPORTANT: Multiple fake wallets making it to the Apple App Store, potentially stealing user funds

A fake breadwallet app using the same title and icon as the real breadwallet made it through Apple’s review process and was added to the App Store on July 29th. We took immediate action and had it removed, although a few users who inadvertently downloaded the fake app have reported having funds stolen from it. We’ve noticed more suspicious apps being added to the App Store, using breadwallet’s source code and sometimes infringing on other app’s copyrights.
Here are the new wallets we’ve noticed so far with their exact naming. Please be cautious:
GreenAddress - Bitcoin Wallet https://itunes.apple.com/us/app/greenaddress-bitcoin-wallet/id1139753685?mt=8
Simple Bitcoin Wallet https://itunes.apple.com/us/app/simple-bitcoin-wallet/id1138700421?mt=8
Simple Bitcoin Wallet ™ https://itunes.apple.com/us/app/simple-bitcoin-wallet/id1140433170?mt=8
GreenBits Bitcoin Wallet https://itunes.apple.com/us/app/greenbits-bitcoin-wallet/id1138675915?mt=8
Bitcoin Wallet https://itunes.apple.com/us/app/bitcoin-wallet/id1137555856?mt=8
Bitcoin Armory Wallet - bitcoin offline wallet https://itunes.apple.com/us/app/bitcoin-armory-wallet-bitcoin/id1139569125?mt=8
Blockchain - Offline Bitcoin Wallet https://itunes.apple.com/us/app/blockchain-offline-bitcoin/id1140411956?mt=8
BitcoinCore - Bitcoin Wallet https://itunes.apple.com/us/app/bitcoincore-bitcoin-wallet/id1140170409?mt=8
submitted by breadwallet_dan to btc [link] [comments]

I did a short introduction on my local Community Radio show, mentioning Bitcoin Cash, and Tethers. Third time hosting a radio show so I'm still a bit green.

submitted by cccmikey to btc [link] [comments]

The difference between greenaddress android apps?

submitted by SThist to Bitcoin [link] [comments]

I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? Down -81%

I bought $1k of the Top Ten Cryptos on January 1st, 2018. Result? Down -81%

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 30 - Down -81%
See the full blog post with all the tables here.
Way too long/don't like words: Halfway through 2020 report: Cardano wins for second straight month, BTC still way ahead overall, ETH alone in second place. NEM (poor, poor, NEM) still in basement, down -95% since Jan 2018. Markets still going up despite world on fire. 3 x $1k investments in crypto in 2018, 2019, 2020 are down -10% total. Made a few new tables for your viewing enjoyment.

Month Thirty – Down 81%

After two consecutive strong months, the 2018 Top Ten Crypto Index Fund Portfolio lost some ground in June. In a sea of red, there was one bright spot: Cardano finished the month up +9%.
Only ADA in the green

Question of the month:

The 2018 Crypto Index Fund Experiment began January 1st, 2018. Which of the Top Ten cryptos performed best at the end of year one?

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

Ranking and June Winners and Losers

There was a lot of movement with the 2018 Top Ten group this month. For the second month in a row, Cardano made the most upward progress, climbing two positions to reclaim its spot in the Top Ten at #9. By basically finishing the month flat, IOTA picked up one spot in the standings as well. Heading the other direction, XRP, NEM, Dash, and Stellar each fell one place in the rankings.
Thanks to Cardano’s strong month, the overall drop out rate shrank to 40%. In other words, four out of the six cryptos that started 2018 in the Top Ten have dropped out. NEM, Dash, IOTA, and Stellar have been replaced by Binance Coin, Tether, BSV, and newcomer Crypto.com Coin (oh, hello CRO, where did you come from?).
June Winners – Winner, singular: ADA, for the second month in a row, up +9% while the rest of the field sank or held ground. After a great spring, Cardano’s summer is off to a strong start.
June Losers – For the second month in a row, XRP was the worst performer, down -15.9%. Close behind was Dash, down -15.6% in June.
How has your favorite crypto fared over the first 30 months of the 2018 Top Ten Crypto Index Fund Experiment? Most monthly wins (7): Bitcoin followed by Cardano with 5 monthly wins. The most monthly losses? A tie between Stellar and NEM, both with 5. All cryptos have at least one monthly win and Bitcoin stands alone as the only crypto that hasn’t lost a month (although it came close in January 2020 when it gained “only” +31%).

Overall update – BTC returning twice as much second place ETH, NEM in basement.

Although down -30% since January 2018, BTC is still well ahead of the rest of the pack. My initial investment of $100 is now worth about $70.
Ethereum is all alone in second place, down -68%, the initial $100 investment worth about $30.
NEM (down -95%) is still in last place. That initial $100 investment in NEM? Now worth $4.71.

Total Market Cap for the entire cryptocurrency sector:

The crypto market as a whole lost about $21B in June. This is down over half from January 2018 when the market was worth roughly $575B.

Bitcoin dominance:

After three months of zero movement, Bitcoin dominance finally declined, but not by much. It’s been stuck in the mid-60s to low-70s range for the past year.
Since the beginning of the experiment, the range of Bitcoin dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.

Overall return on investment since January 1st, 2018:

The 2018 Top Ten Portfolio lost about $20 bucks in June 2020. If I cashed out today, my $1000 initial investment would return about $187, down -81% from January 2018.
Here’s the ROI over the life of the experiment, month by month:
Ah, a sea of red
After a brief dip last month into the negative seventies, we’re back down to the very familiar negative eighties.
Fun fact: over the course of the 2.5 years since the beginning of the 2018 Top Ten Index Fund Experiment, the portfolio has finished over half of the first thirty months down at least -80%.
Tracking the Top Ten cryptos from January 1st, 2018 has been an undoubtedly painful exercise so far. But what about 2019 and 2020 when I repeated the experiment? Let’s take a look:
So overall? Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $2,710‬.
That’s down about -10% for the three combined portfolios. That’s compared to about +4% last month. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
Having trouble keeping up? Yeah, me too. You know what that means?!?!?! NEW TABLE DROP!!
Combined ROI of all three portfolios
Ah, that’s better. Much better.

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. Even though the US economy is still reeling from the COVID shock, the stock market (as measured by the S&P) continued to recover in June. The initial $1k investment into crypto on New Year’s Day 2018 would have gained about $170 had it been redirected to the S&P.
Alright, let’s compare all three years of the crypto investments to hypothetical US stock market investments. Taking the same drop-$1,000-per-year-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$170
  • $1000 investment in S&P 500 on January 1st, 2019: +$240
  • $1000 investment in S&P 500 on January 1st, 2020: -$40
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,370.
That is up over+12% since January 2018, compared to -10% of the combined Top Ten Crypto Experiment Portfolios.
That’s about a 22% swing in favor of the stock market, the widest so far this year. Last month, there was only a 6% difference in favor of the stock market. Here’s another new table that shows an emerging pattern:
Three Top Ten Crypto Portfolios vs. hypothetical identical approach with S&P 500

Implications/Observations:

The 2018 Experiment’s focus of solely holding the Top Ten Cryptos has not (and has never been) a winning approach when compared to the overall crypto market. The total market cap is down -54% from January 2018 compared to the -81% for the cryptos that began 2018 in the Top Ten.
This of course implies that I would have done a bit better if I’d picked every crypto, or different cryptos: throwing that $1k to Bitcoin, for example, would have me down by -30% instead of -81%.
On the other hand, this bit of diversification has served me well compared to putting all my eggs in NEM‘s -95% basket, for example.
To reiterate, at no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the first thirty months compared to the market overall.
Repeating the Top Ten experiments in 2019 and 2020 has resulted in a slightly different story. There are a few examples of this approach outperforming the overall market in the parallel 2019 Top Ten Crypto Experiment. And for the most recent 2020 Top Ten Index Fund group of cryptocurrencies, this approach had outperformed the overall market 100% of the time…up until the last two months.

Conclusion:

We’re half way through a very strange year, where it seems we’re playing Biblical Plague Bingo. The US market have more or less bounced back from the shock, crypto markets to a lesser degree. What’s next for crypto in an extremely unpredictable year?
Final word: Be excellent to each other.
If you made it this far, thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.

And the Answer is…

D) Stellar
Even though it finished the year down -66%, Stellar outperformed the rest of the 2018 Top Ten Index Fund Experiment Cryptos after the first 12 months. Second place on January 1st, 2019 was Bitcoin, down -71%.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

$1,000 invested in Top 10 Cryptos of 2019 now worth $1,260 (UP +26%)

$1,000 invested in Top 10 Cryptos of 2019 now worth $1,260 (UP +26%)
EXPERIMENT - Tracking Top 10 Cryptos of 2019 - Month Eighteen - UP +26%
See the full blog post with all the tables here.
tl;dr - Tether (as it's designed to do) holds its ground, all others finish the month in negative territory. Tron finishes June in second place, down -2%. BSV loses nearly 25% of value in June. Overall, since January 2019, BTC in lead, ETH takes over second place, XRP still worst performing. The 2019 Top 10 is up +26% almost equal to the the gains of the S&P 500 over the same time period (+24%).

Month Eighteen – UP 26%

Not a great month for the 2019 Top Ten
After a strong April and a mixed May, June was bloody for the 2019 Top Ten Cryptos. Stablecoin Tether was the only crypto to hold its ground, as it was designed to do.

Question of the month:

According to a June article citing unnamed sources, which two FinTech companies are planning to allow their users to buy and sell crypto directly?

A) Paypal and Venmo B) Square and Cashapp C) Robinhood and Revolut D) Sofi and Coinbase
Scroll down for the answer.

Ranking and June Winners and Losers

XRP and Stellar slipped one place each in the rankings in June, now at #4 and #14 respectively. EOS fell two spots to #11 and joins Stellar and Tron as the only three cryptos to have dropped out of the 2019 Top Ten since January 1st, 2019. They have been replaced by Binance Coin, Cardano, and newcomer CRO.
Tether was the only crypto to move up in rank in June.
Not a good sign when Tether is the only crypto to move up.
Not a good sign when Tether enters the Top 3.
June WinnersTether. Second comes Tron, which basically held its ground at -2%.
June LosersBSV lost -23% of its value in June making it the worst performing of the 2019 Top Ten portfolio. EOS had a rough month as well, down -17%, dropping two spots in the rankings, and falling out of the Top Ten.
If you’re keeping score, here is tally of which coins have the most monthly wins and loses during the first 18 months of the 2019 Top Ten Experiment: Tether is still in the lead with six monthly victories followed by BSV in second place with three. BSV also holds the most monthly losses, finishing last in seven out of eighteen months. The only crypto not to win a month so far? XRP. (In fairness, XRP has also not lost any month yet).

Overall update – BTC in lead, ETH takes over second place, XRP still worst performing

BTC is out front for the second straight month and ETH has taken over second place from BSV. Ahead until April, BSV has simply not keep up with the pack over the last two months. Bitcoin is up +144% since January 2019. The initial $100 investment in BTC is currently worth $249.
Eighteen months in, 50% of the 2019 Top Ten cryptos are in the green since the beginning of the experiment. The other five cryptos are either flat or in negative territory, including last place XRP (down -50% since January 2019).

Total Market Cap for the entire cryptocurrency sector:

The crypto market as a whole is down about $20B in June, but still up +106% since January 2019.

Bitcoin dominance:

BitDom finally wobbled in June, but not by much – it’s been in a very familiar zone for months now, indicating a lack of excitement (or at least a low risk tolerance) for altcoins. Taking a wider view, the Bitcoin Dominance range since the beginning of the experiment in January 2019 has ranged between 50%-70%.

Overall return on investment since January 1st, 2019:

The 2019 Top Ten Portfolio lost almost $175 in June. After the initial $1000 investment, the 2019 group of Top Ten cryptos is worth $1,259. That’s up about +26%.
Here’s a look at the ROI over the life of the first 18 months of the 2019 Top Ten Index Fund experiment, month by month:
18 months of ROI, mostly green
Unlike the completely red table you’ll see in the 2018 Top Ten Experiment, the 2019 crypto table is almost all green. The first month was the lowest point (-9%), and the highest point (+114%) was May 2019.
How does the 2019 Top Ten Index Fund Portfolio compare to the parallel projects?
Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, the combined portfolios are worth $2,710‬.
That’s down about -10% for the three combined portfolios. Last month that figure was +4%. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
Here’s a new table to help visualize the progress of the combined portfolios:
ROI of all three combined portfolios - not exactly inspiring
How do crypto returns compare to traditional markets?

Comparison to S&P 500:

Good thing I’m tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Even with unemployment, protests, and COVID, the US market continued to rebound in June. It’s now up +24% in the last 18 months.
The initial $1k investment I put into crypto would be worth $1,240 had it been redirected to the S&P 500 in January 2019.
As a reminder (or just scroll up) the 2019 Top Ten portfolio is returning +26% over last 18 months, just about equal to the return of the S&P 500 over the same time period. Just last month the ROI of the 2019 Top Ten crypto portfolio was nearly double the S&P 500 since January 1st, 2019.
But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$170
  • $1000 investment in S&P 500 on January 1st, 2019: +$240
  • $1000 investment in S&P 500 on January 1st, 2020: -$40
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,370.
That $3,370 is up over+12% since January 2018, compared to the $2,710 value (-10%) of the combined Top Ten Crypto Experiment Portfolios. Here’s another new table that compares the ROI of the combined crypto portfolios to a hypothetical similar approach with the S&P 500:
We see in June the largest difference in favor of the S&P since the beginning of 2020: a 22% gap. Compare that February, when there was only a 1% difference in ROI.

Implications/Observations:

Since January 2019, the crypto market as a whole has gained +106% compared to the 2019 Top Ten Crypto Portfolio which has gained +26%. That’s an 80% gap.
At this point in the 2019 Experiment, an investor would have done much better picking different cryptos or investing in the entire market instead of focusing only on the 2019 Top Ten. Over the course of the first 18 months of tracking the 2019 Top Ten, there have been instances this was a winning strategy, but the cases have been few and far between.
The 2018 Top Ten portfolio, on the other hand, has never outperformed the overall market, at least not in the first thirty months of that Experiment.
And for the most recent 2020 Top Ten group? The opposite had been true: the 2020 Top Ten had easily outperformed the overall market 100% of the time…up until the last two months.

Conclusion:

As the world continues to battle COVID, traditional markets seem to be recovering. Will crypto make a significant move in the second half of 2020?
Final word: Stay safe and take care of each other.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment.

And the Answer is…

A) Paypal and Venmo
According to a Coindesk report in June, three sources familiar with the matter say that Paypal and Paypal-owned Venmo are planning to allow their users to buy and sell crypto. Paypal has declined to comment.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

I did a short introduction on my local Community Radio show, mentioning Bitcoin Cash, and Tethers. Third time hosting a radio show so I'm still a bit green.

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

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

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

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

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

[WTS] 1 oz generic bars/rounds, 1 gram gold bar, Humboldt County, CA Gold Nuggets, 1928 gold ducat, 1/2 oz philharmonic, 10 oz cast bars, 10 oz JM, 10 oz 9 fine mint, $7.10 FV Junk Silver Mix, Barber Dimes, SLQ, black hills 925/12k bracelet, 10k,14k nice jewelry.

Proof: https://imgur.com/a/BEVosgL
71 - 1 oz .9999 Apmex/RMC Flag Bars - $19.75 Each 25 available
17 - 1 oz Generic Rounds, Buffalos, Sunshine Minting, US Capital - $19.75 Each 2 available
1928 1 Gold Ducat Netherlands 0.1106 Gold - $216 SOLD
Gold Nuggets 2.39 grams, Purity 22-24K - $240
These nuggets come from Humboldt County in California
Gold Bits, .15 Grams, Purity 22-24k - $19
1998 1/2 oz Gold Austrian Philharmonic Coin - $940
1 Gram Valcambi Gold Bar - $70 SOLD
10 oz Johnson Matthey Silver Bar With Case - $212 SOLD
3 - 10 oz Eagle Design Silver Cast Bar .9999 Fine - $210 Each 1 sold
10 oz .999 9 Fine Mint Silver Bar - $210 SOLD
5 oz .999 Silvertowne Hand Poured Silver Bar - $105
$7.10 FV Junk Silver, $5 Walkers,Benjis, Kennedy, $1.30 Mercury Dimes, .30 roosies, .50 quarters - $101 SOLD
3 Standing Liberty Quarters + 3 Barber Dimes - $17
2005 1 oz American Silver Eagle - $21 SOLD
2015 1.50 Euro Austrian Philharmonic Silver Coin - $21
2017 1 oz Canadian Silver Voyageur 150th Anniversary Coin - $22
1948-1998 Ferguson Construction 1 Troy oz silver Round - $20.50 SOLD
7 - 2017 1 oz South Korean Zi:Sin Gallus Silver Medal - $23 Each
1916 Walking Liberty Half Dollar 2 oz Silver .999 Fine Round - $43 SOLD
Black Hills 925 Sterling Silver Bracelet With 12K Gold Leafs, 8” inches long, 20.28 grams - $95
14K ArtCarved White Gold Ring, Size 8.5, 6 grams - $230
14K Gold Ring, Size 7.5, 5.26 grams - $210
14K White Gold White Rock Diamond? Ring, Size 8, 2.41 grams - $100
14K Gold Necklace, 18.5”Inches Long, 3.17 grams - $125
10K Gold Bracelet, 2.75” inch Diameter, 5.23 grams - $148
Broken 10K Bracelet, 6% Under Melt, 7.75”inches, 7.53 grams - $168.32
10K Heart Pendant, 2.57 grams - $72
RGVS 14K Slider Bracelet, 31.34 grams - $1625
Current proof picture
14k Gold Bracelet 11.5 grams, 31 diamonds - $485
Current Proof Picture
14K Oval Jadeite Cabochon Greek Key Ring, HONG KONG, SIZE 10 - $350
10K Opal Ring, Size 6.75 - $295
Kimberly 14K Opal Ring, Size 5 - $325
14K Italy Chain, 10”Inches 6.85 Grams - $285
10K Brown Stone Ring, Size 7.25 - $220
10K Yellow Gold Ruby/Diamond? Cocktail Ring, Size 9, 6.17 grams - $190
10K Red Stone Ring, Size 6.25 - $125
10K Red Stone Ring, Size 6.5 - $100
14K Heart Earrings With Studs, 0.84 grams - $36
10K Red Stone Ring, Size 7.25, 5.55 grams - $195
10K White/Clear Rock, Diamond?, Size 5.5 - $70
14K Light Pink Rock Pendant, 1.98 Grams - $75
14K Light Purple Rock Necklace, 2.27 grams, 18.5” Inches - $90
10K White/Clear Rock Ring, Size 6.25, 2.68 grams - $80
10K Black Stone Ring, Size 8.5, 4.78 Grams - $165
14K White/Clear Rock Ring, Size 8.75, 1.46 grams - $65*
14K White/Clear Rock Ring, 1.78 grams, size 7.5 - $65
14K White/Clear Rock Ring, Size 7.25, 4.43 grams - $165
14K Green Rock Pendant, 0.90 grams - $34
10K Scrap Ring,1.66grams, 10% Below Spot - $34.56
14K White/Clear RingRock Size 4.5, 3.42 Grams. - $140
14k Opal Ring, Size 6.75, 3.63 Grams, opal is chipped + ring almost cut off - $130
10K Blue/White Rock Ring, Size 6.75, 3.08 Grams - $105
10K Small Cluster Diamond Ring, Size 6.75, 1.79 grams - $65
10k Small Diamond Ring Row Ring, Size 6.75, 2.12 grams - $75
925 Sterling Silver Bead Cross Chain, 24” inches long - $16
925 Sterling Silver Cross Pendant - $3
925 Sterling Silver White/Clear Rock Pendant - $5
925 Sterling Silver White/Pink Rock Missing Size 7.5 - $5
925 Sterling Silver Pink/Light Purple Rock Pendant - $8
926 Sterling Silver Ring, Size 7.5 - $9
Avor 925 Sterling Silver Plain Ring, Size 10.5 - $9
Bell Trading Post Abalone 925 Sterling Silver Vintage Pendant 1936-1969 - $15
925 Sterling Silver Ring, Size 8.75 - $15
ATI Mexico 925 Sterling Silver Black Onyx Pendant - $20
Cuernavaca 925 Sterling Turquoise Bracelet, 1930-1940’s, 2.5” inch diameter - $36
925 Los Ballesteros Sterling Panel Bracelet - $45
925 Sterling Silver Bracelet 2.5” Diameter - $15
925 Sterling Silver Pinky Ring Size 4 - $16
925 Sterling Silver White Stone Ring, Size 5.5 - $9
925 Sterling Silver Prayer Hands/Our Father Which Art In Heaven Necklace - 18” Inches Long - $10
Payment
I accept PayPal Friends and Family, Zelle, Venmo, Cash App, Zelle, Google pay
Bitcoin and other crypto currencies now accepted
Shipping
0-4 oz - $4 5-8 oz - $4.25 9-12 oz - $6 Priority shipping =$8, Stamped envelope - $1, medium flat rate box = $15
•Signature Confirmation $3 (Optional)
•Insurance is also available at buyers expense.
•I pack safely and discretely.
•Prices are subject to change at any moments notice.
•Message me if you have any questions.
•All packages will be dropped off on Saturday or Monday.
•Once I drop the package at the post office I’m not responsible for USPS mistakes or losses
submitted by Redditaccount1543354 to Pmsforsale [link] [comments]

Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%

Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%

EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Seventeen - UP 43%

Full blog post with all the tables here.

tl;dr - This is the 17th monthly update on the 2019 Top Ten Experiment. Ethereum up the most in May, plus got a shout out from J.K. Rowling, so it obviously won the month. Overall, BTC in first place since January 2019, BSV in second place. Half of the 2019 Top Ten Portfolio is up at least +50%. XRP is worst performing. Total $3k (3 x $1k) investments the 2018, 2019, and 2020 Top Ten are up +3.5%, but similar approach with US stocks market would have yielded +10%.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended 2018 down 85%, my $1000 worth only $150. I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space. I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018, 2019, and 2020. Hold only. No selling. No trading. Report monthly.

Month Seventeen – UP 43%

Unlike April’s all green month, May was more mixed. That said, the gains outweighed the losses this month in the 2019 Top Ten Portfolio.

Question of the month:

In May, Reddit launched two Ethereum-based tokens on the Cryptocurrency and FortNiteBR subreddits. What are the Cryptocurrency token called?
A) Moons
B) Bricks
C) Satoshis
D) Cryptos
Scroll down for the answer.

Ranking and March Winners and Losers

Besides Stellar (down two spots to #13) and Tron (down one from #16 to #17) every other crypto was locked in place.
Speaking of Stellar and Tron, they are still the only two cryptos to have dropped out of the 2019 Top Ten since January 1st, 2019. They have been replaced by Binance Coin and Tezos.
May WinnersEthereum ended the month up +16% and got a shout out from J.K. Rowling, so it obviously won May. BTC came in a close second this month, up +14%.
May Losers – A tight battle for the basement this month with BSV (down -3.9%) edging out XRP (down -3.7%) for the bottom spot.
For nerds those keeping score, here is tally of which coins have the most monthly wins and loses during the first seventeen months of the 2019 Top Ten Experiment: Tether is still in the lead with five monthly victories followed by BSV in second place with three. BSV also holds the most monthly losses, finishing last in six out of seventeen months.

Overall update – BTC increases lead over second place BSV, XRP still worst performing

Ahead until just last month, BSV lost a lot of ground to BTC in May. Bitcoin is now up +168% since January 2019 compared to BSV‘s +116% gain. That initial $100 investment in BTC? Now worth $273.
As was the case last month, 50% of the 2019 Top Ten cryptos are up at least +50% since the beginning of the experiment.
At the other end, XRP continues to struggle, now down -41% since January 2019.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market added about $35B in May, and is now near August 2019 levels. It is up +123% since January 2019.

Bitcoin dominance:

BitDom was steady again in May. This marks the third straight month it’s been stuck at around 65% For context, the range since the beginning of the experiment in January 2019 has been between 50%-70%.

Overall return on investment since January 1st, 2019:

The 2019 Top Ten Portfolio gained about $65 in May. After the initial $1000 investment, the 2019 group of cryptos is worth $1,431, up about +43%.
Here’s a look at the ROI over the life of the first seventeen months of the experiment, month by month:
Almost completely green for the 2019 Top Ten, a welcome change from the all red table you’ll see in the 2018 experiment. As you can see, every month except the first month ends in positive territory. At the lowest point, the 2019 Top Ten portfolio was down -9%, at the highest point, up +114% (May 2019).
How does the 2019 Top Ten Experiment compare to the parallel projects?
Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,104‬.
That’s up about +3.5% for the combined portfolios. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
How does this compare to traditional markets?

How does the 2019 Top Ten portfolio compare US stock market?

Excellent question, I’m glad you asked. And you’re in luck, I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Despite the fact that the world seemed to be on fire, May 2020 saw the continued rebound of the stock market. It’s now up +22% since the start of the 2019 Experiment.
As a reminder (or just scroll up) the 2019 Top Ten portfolio is returning +43% over the same time period, which is about double the S&P 500.
The initial $1k investment I put into crypto would be worth $1,220 had it been redirected to the S&P 500 in January 2019.
But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$140
  • $1000 investment in S&P 500 on January 1st, 2019: +$220
  • $1000 investment in S&P 500 on January 1st, 2020: -$50
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,310.
That $3,310 is up over+10% since January 2018, compared to the $3,104 value (+3.5%) of the combined Top Ten Crypto Experiment Portfolios.
That’s about a 7% difference in favor of the stock market. Last month, there was only a 3% difference, the month before, the gap was 13% (all in favor of the stock market).

Implications/Observations:

The difference between the 2019 Top Ten crypto group and the overall crypto market is stark. Since January 2019, the overall market has gained +123% compared to the 2019 Top Ten crypto group which has gained +43%. This is an absolutely massive 80% gap. A +43% return is solid compared to the stock market, but it also implies that an investor would have done much better picking different cryptos or investing in the entire market instead of focusing only on the Top Ten. There are a few examples of this approach outperforming the overall market in this 2019 Top Ten Crypto Experiment, but the cases are few and far between.
The 2018 Top Ten portfolio, on the other hand, has never outperformed the overall market, at least not in the first twenty-nine months of that Experiment.
For the most recent 2020 Top Ten group, the opposite had been true: the 2020 Top Ten had easily outperformed the overall market 100% of the time…until this month.

Conclusion:

The BTC halving event came and went in May and crypto markets shrugged. As the world continues to change because of COVID-19, what will be crypto’s place when we finally emerge on the other side?
Final word: Please take care of yourselves, your families, and your communities. Stay safe out there.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment.

And the Answer is…

A) Moons
According CryptoCurrency, Moons represent ownership in the subreddit, “tokens on the Ethereum blockchain controlled entirely by you, and they can be freely transferred, tipped, and spent in CryptoCurrency*.*” Check out this post for more details.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

[WTS] 2019 United States Mint Proof Set 1 oz generic bars/rounds, 1 gram gold bar, Humboldt County, CA Gold Nuggets, 1928 gold ducat, 1/2 oz philharmonic, 10 oz cast bars, 10 oz JM, 10 oz 9 fine mint, $7.10 FV Junk Silver Mix, Barber Dimes, SLQ, black hills 925/12k bracelet, 10k,14k nice jewelry.

Proof: https://imgur.com/a/BEVosgL
3 - 2019 United States Mint Proof Set - $15 Each SOLD
1928 1 Gold Ducat Netherlands 0.1106 Gold - $216 SOLD
Gold Nuggets 2.39 grams, Purity 22-24K - $240
These nuggets come from Humboldt County in California
Gold Bits, .15 Grams, Purity 22-24k - $19
71 - 1 oz .9999 Apmex/RMC Flag Bars - $19.75 Each 25 left
17 - 1 oz Generic Rounds, Buffalos, Sunshine Minting, US Capital - $19.75 Each 2 available
1998 1/2 oz Gold Austrian Philharmonic Coin - $940
1 Gram Valcambi Gold Bar - $70 SOLD
10 oz Johnson Matthey Silver Bar With Case - $212 SOLD
3 - 10 oz Eagle Design Silver Cast Bar .9999 Fine - $210 Each 1 sold
10 oz .999 9 Fine Mint Silver Bar - $210 SOLD
5 oz .999 Silvertowne Hand Poured Silver Bar - $105
$7.10 FV Junk Silver, $5 Walkers,Benjis, Kennedy, $1.30 Mercury Dimes, .30 roosies, .50 quarters - $101 SOLD
3 Standing Liberty Quarters + 3 Barber Dimes - $17
2005 1 oz American Silver Eagle - $21 SOLD
2015 1.50 Euro Austrian Philharmonic Silver Coin - $21
2017 1 oz Canadian Silver Voyageur 150th Anniversary Coin - *$22
1948-1998 Ferguson Construction 1 Troy oz silver Round - $20.50 SOLD
7 - 2017 1 oz South Korean Zi:Sin Gallus Silver Medal - $23 Each
1916 Walking Liberty Half Dollar 2 oz Silver .999 Fine Round - $43
Black Hills 925 Sterling Silver Bracelet With 12K Gold Leafs, 8” inches long, 20.28 grams - $95
14K ArtCarved White Gold Ring, Size 8.5, 6 grams - $230
14K Gold Ring, Size 7.5, 5.26 grams - $210
14K White Gold White Rock Diamond? Ring, Size 8, 2.41 grams - $100
14K Gold Necklace, 18.5”Inches Long, 3.17 grams - $125
10K Gold Bracelet, 2.75” inch Diameter, 5.23 grams - $148
Broken 10K Bracelet, 6% Under Melt, 7.75”inches, 7.53 grams - $168.32
10K Heart Pendant, 2.57 grams - $72
RGVS 14K Slider Bracelet, 31.34 grams - $1625
Current proof picture
14k Gold Bracelet 11.5 grams, 31 diamonds - $485
Current Proof Picture
14K Oval Jadeite Cabochon Greek Key Ring, HONG KONG, SIZE 10 - $350
10K Opal Ring, Size 6.75 - $295
Kimberly 14K Opal Ring, Size 5 - $325
14K Italy Chain, 10”Inches 6.85 Grams - $285
10K Brown Stone Ring, Size 7.25 - $220
10K Yellow Gold Ruby/Diamond? Cocktail Ring, Size 9, 6.17 grams - $190
10K Red Stone Ring, Size 6.25 - $125
10K Red Stone Ring, Size 6.5 - $100
14K Heart Earrings With Studs, 0.84 grams - $36
10K Red Stone Ring, Size 7.25, 5.55 grams - $195
10K White/Clear Rock, Diamond?, Size 5.5 - $70
14K Light Pink Rock Pendant, 1.98 Grams - $75
14K Light Purple Rock Necklace, 2.27 grams, 18.5” Inches - $90
10K White/Clear Rock Ring, Size 6.25, 2.68 grams - $80
10K Black Stone Ring, Size 8.5, 4.78 Grams - $165
14K White/Clear Rock Ring, Size 8.75, 1.46 grams - $65*
14K White/Clear Rock Ring, 1.78 grams, size 7.5 - $65
14K White/Clear Rock Ring, Size 7.25, 4.43 grams - $165
14K Green Rock Pendant, 0.90 grams - $34
10K Scrap Ring,1.66grams, 10% Below Spot - $34.56
14K White/Clear RingRock Size 4.5, 3.42 Grams. - $140
14k Opal Ring, Size 6.75, 3.63 Grams, opal is chipped + ring almost cut off - $130
10K Blue/White Rock Ring, Size 6.75, 3.08 Grams - $105
10K Small Cluster Diamond Ring, Size 6.75, 1.79 grams - $65
10k Small Diamond Ring Row Ring, Size 6.75, 2.12 grams - $75
925 Sterling Silver Bead Cross Chain, 24” inches long - $16
925 Sterling Silver Cross Pendant - $3
925 Sterling Silver White/Clear Rock Pendant - $5
925 Sterling Silver White/Pink Rock Missing Size 7.5 - $5
925 Sterling Silver Pink/Light Purple Rock Pendant - $8
926 Sterling Silver Ring, Size 7.5 - $9
Avor 925 Sterling Silver Plain Ring, Size 10.5 - $9
Bell Trading Post Abalone 925 Sterling Silver Vintage Pendant 1936-1969 - $15
925 Sterling Silver Ring, Size 8.75 - $15
ATI Mexico 925 Sterling Silver Black Onyx Pendant - $20
Cuernavaca 925 Sterling Turquoise Bracelet, 1930-1940’s, 2.5” inch diameter - $36
925 Los Ballesteros Sterling Panel Bracelet - $45
925 Sterling Silver Bracelet 2.5” Diameter - $15
925 Sterling Silver Pinky Ring Size 4 - $16
925 Sterling Silver White Stone Ring, Size 5.5 - $9
925 Sterling Silver Prayer Hands/Our Father Which Art In Heaven Necklace - 18” Inches Long - $10
Payment
I accept PayPal Friends and Family, Zelle, Venmo, Cash App, Zelle, Google pay
Bitcoin and other crypto currencies now accepted
Shipping
0-4 oz - $4 5-8 oz - $4.25 9-12 oz - $6 Priority shipping =$8, Stamped envelope - $1, medium flat rate box = $15
•Signature Confirmation $3 (Optional)
•Insurance is also available at buyers expense.
•I pack safely and discretely.
•Prices are subject to change at any moments notice.
•Message me if you have any questions.
•All packages will be dropped off on Saturday or Monday.
•Once I drop the package at the post office I’m not responsible for USPS mistakes or losses
submitted by Redditaccount1543354 to Coins4Sale [link] [comments]

$1k invested in Top 10 Cryptos on Jan. 1, 2020 now worth $1,264 (UP +26%)

$1k invested in Top 10 Cryptos on Jan. 1, 2020 now worth $1,264 (UP +26%)
EXPERIMENT - Tracking Top 10 Cryptos of 2020 - Month Six - UP +26%
See the full blog post with all the tables here.
Not sure what this is all about? Here is the history and ground rules of these experiments.
tl;dr - This snapshot was taken on July 1st, 2020. By the slimmest of margins, the 2020 Top Ten is still the best performing of the three experiments. In June: Tether holds its ground, as a stablecoin should, all others finish the month in negative territory. BSV loses nearly a quarter of its value in June and is worst performing for the second straight month. Overall, since January 2020, it is Tezos in lead (+88%) followed by second place ETH (+79%). The 2020 Top 10 is up +26% compared to the -4% loss of the S&P 500 since 01.01.2020.

Month Six – UP 26%

Lots of red this month
While technically still the best performing of the Top Ten “Index Fund” Experiments for the fifth straight month, this month the 2020 Top Ten cut it close. Very close.
How close? The 2020 Top Ten is up +26.6% compared to the 2019 Top Ten’s +25.9%.
Watch your back, 2020 Top Ten.

Question of the month:

Which country trialed Bitcoin payments for passports in June?

A) Costa Rica B) Venezuela C) Mongolia D) Eritrea
Scroll down for the answer.

Ranking and June Winners and Losers


Movement in rank
After a very strange zero movement May, we saw some ups and down with the 2020 Top Ten in June. Okay, mostly downs: XRP fell one, dropping it’s long-held #3 slot. Both EOS and Tezos struggled in June: both lost two places in the rankings and both dropped out of the Top Ten. Tether is the only crypto to make a positive move in June, never a good sign.
June Winners – Just Tether. The rest of the field struggled in June. ETH finished in second place, ending the month down -7%.
June LosersBSV under-performed its peers for the second straight month, losing almost a quarter of its value (-23%) in June. Tezos also struggled, down -18% since the beginning of June.
For those keeping score, I also keep a tally of which coins have the most monthly wins and losses. Tether and Tezos have won two months each. BSV has finished in last place three out of the first six months of the 2020 Top Ten Experiment.

Overall update – Tezos in lead, ETH takes second place from BSV, and 80% of Top Ten are in positive territory.

Despite a bad month, Tezos (+88% since January 2020) maintained its lead. Ethereum (+79%) isn’t far behind in second place and has overtaken third place BSV (+59%). Not counting Tether, the worst performing crypto is XRP, down -7% on the year.

Total Market Cap for the cryptocurrency sector:

The overall crypto market lost over $20B in June but is still up +38% since the beginning this year’s experiment in January 2020.

Bitcoin dominance:

Bitcoin dominance fell a tiny bit, but hasn’t really made a significant move all year.

Overall return on investment since January 1st, 2020:

After an initial $1000 investment, the 2020 Top Ten Portfolio is now worth $1,264, up +26.4%. It is the best performing of the three Top Ten Crypto Index Fund Portfolio, but just barely: the 2019 group came in at +25.9% in June.
Here’s the month by month ROI of the 2020 Top Ten Experiment, hopefully helpful to maintain perspective and provide an overview as we go along:

All green first half of 2020
Besides the zombie apocalypse blip in March, so far so good: all green is good to see and a nice change from the all red table you’ll see in the 2018 experiment. The range of monthly ROI for the 2020 Top Ten has been between +7% and +55%.
So, how does the 2020 Top Ten Experiment compare to the parallel projects?
Taken together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $2,710‬.
That’s down about -10% for the three combined portfolios. That’s compared to about +4% last month.
Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
Lost in the numbers? Here’s a new table to help visualize the progress of the combined portfolios:
So that’s the Top Ten Crypto Index Fund Experiments snapshot. Let’s take a look at how traditional markets are doing.

Comparison to S&P 500

I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Even with COVID and protests in the US, stocks continued to tick up. The S&P is now down just -4% since the beginning of the year.
Over the same time period, the 2020 Top Ten Crypto Portfolio is returning about +26%. The initial $1k investment now worth about $1,264.
The money I put into crypto in January 2020 would be worth $960 had it been redirected to the S&P 500. That’s a $304 difference on a $1k investment. Not bad, but not as impressive as last month’s $517 swing.
And what if I invested in the S&P 500 the same way I did during the first three years of the Top Ten Crypto Index Fund Experiments? You know, the world’s slowest dollar cost averaging/$1k on January 1st approach? Here are the figures:
  • $1000 investment in S&P 500 on January 1st, 2018: +$170
  • $1000 investment in S&P 500 on January 1st, 2019: +$240
  • $1000 investment in S&P 500 on January 1st, 2020: -$40
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,370.
That $3,370 is up over+12% since January 2018, compared to the $2,710 value (-10%) of the combined Top Ten Crypto Experiment Portfolios.
Here’s another new table to help visualize the difference in ROI of the combined crypto portfolios vs. a hypothetical identical approach with the S&P 500:
The new table makes it easy to see that crypto and the markets went in opposite directions in June. This has produced the largest difference in favor of the S&P since the beginning of 2020: a 22% gap. Compare that February, when there was only a 1% difference in ROI.

Implications/Observations:

The crypto market as a whole is up +38% since the beginning of the year compared to the 2020 Top Ten cryptos which have gained +26%. For the second month in a row, and the only two times since the Top Ten 2020 began, the cryptos in this group have under-performed the overall market.
Up until the last two months, focusing on the 2020 Top Ten has been a solid approach, but it has not worked so well in the other experiment years. Although there are a few examples of the Top Ten strategy outperforming the overall market in the 2019 Top Ten Experiment, it’s interesting to note at no point in the first thirty months of the Top Ten 2018 Experiment has the approach of focusing on the Top Ten cryptos outperformed the overall market. Not even once.

Conclusion:

The world continues to struggle with a global pandemic and traditional markets have nearly bounced back. Although up since the beginning of the year, Crypto did not keep pace with US stocks in June. Will crypto reassert itself in the second half of the year?
Final word: Please take care of yourselves and your neighbors. FYI – everyone is your neighbor.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the 2019 Top Ten Experiment follow up experiment.

And the Answer is…

B) Venezuela
According to multiple sources, a Bitcoin payment option was available when paying online for passport services in Venezuela. It didn’t last long though: just hours later, the option disappeared, according to user reports.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

[WTS] 10 oz Chunky Scottsdale’s, $10 Liberty Gold Eagles, 1915 Austria 4 Ducat, Gold Nuggets 10k,12k,14k Jewelry, Rings, Necklaces, Pendants, opals, earrings, etc 925 Sterling Silver Jewelry

Proof: https://imgur.com/a/TYcrtTf
2 - 10 oz Scottsdale Chunky Bars - $210 Each SOLD
$10 Liberty Gold Eagle, 1882, 1894, 1901, 0.48375 oz AGW - $935 Each
1915 Austria 4 Ducat 0.4426 OZ AGW](https://imgur.com/a/4RHF9PL) - $810 SOLD
Gold Nuggets 2.39 grams, Purity 22-24K - $175 SOLD
These nuggets come from Humboldt County in California
Gold Bits, .15 Grams, Purity 22-24k - $15 SOLD
14K Italy Gold Chains
Either Marked 585 or 14k, No Kinks or Tangles, Clasp isn’t 14k, clasps weighs .10-.15 grams.
B - 15” Inches Long, 1.58 Grams - $65
C- 15.50” Inches Long, 1.66 Grams - $68
E - 15.50” Inches Long, 1.64 Grams - $68
G - 15.75” Inches Long, 1.68 Grams - $72
14K Italy Beaded Necklace, 20.75” Inches Long, 1.24 grams - $53
14K White Gold Necklace, 18” Inches Long, 2.35 Grams - $100
10K Heart Pendant, 2.57 grams - $72 SOLD
RGVS 14K Slider Bracelet, 31.34 grams - $1625
Current proof picture
14K Opal/Diamond Pendant, 8.61 grams - $1,600 Not Available - On Consignment Ask Me About It If Intrested
14k Gold Bracelet 11.5 grams, 31 diamonds - $500
14K Blue Stone/Diamond Pendant, 4.66 grams - $235
14K Oval Jadeite Cabochon Greek Key Ring, HONG KONG, SIZE 10 - $350
14K Opal Ring, Size 9 - 5.04g - $340
10K Opal Ring, Size 6.75 - $295
Kimberly 14K Opal Ring, Size 5 - $325
14K Italy Chain, 10”Inches 6.85 Grams - $285
14K Diamond Ring, Size 7, 8.29 grams - $395
10K Green Rock Ring, Size 8.25, 4.93 grams - $160
10K Pink Rock Ring, Size 6.75, 4.91 grams - $155
Black Hills 925 Sterling Silver Bracelet With 12K Gold Leafs, 8” inches long, 20.28 grams - $95
14K ArtCarved White Gold Ring, Size 8.5, 6 grams - $230
14K Gold Ring, Size 7.5, 5.26 grams - $210
14K White Gold White Rock Diamond? Ring, Size 8, 2.41 grams - $100
14K Gold Necklace, 18.5”Inches Long, 3.17 grams - $125
10K Gold Bracelet, 2.75” inch Diameter, 5.23 grams - $148 SOLD
10K Brown Stone Ring, Size 7.25 - $220
10K Yellow Gold Ruby/Diamond? Cocktail Ring, Size 9, 6.17 grams - $190
10K Red Stone Ring, Size 6.25 - $125
10K Red Stone Ring, Size 6.5 - $100
14K Diamond Earrings with studs, 1.04 grams - $75
10K Red Stone Ring, Size 7.25, 5.55 grams - $195
10K White/Clear Rock, Diamond?, Size 5.5 - $70
14K Light Pink Rock Pendant, 1.98 Grams - $75
14K Light Purple Rock Necklace, 2.27 grams, 18.5” Inches - $90
10K White/Clear Rock Ring, Size 6.25, 2.68 grams - $80
10K Black Stone Ring, Size 8.5, 4.78 Grams - $165
14K White/Clear Rock Ring, Size 8.75, 1.46 grams - $65*
14K White/Clear Rock Ring, 1.78 grams, size 7.5 - $65
14K Pearl Ring, Size 6.5, 3.05 grams - $120
14K White/Clear Rock Ring, Size 7.25, 4.43 grams - $165
14k Green Rock? Earrings 1.56 grams - $65
14K Green Rock Pendant, 0.90 grams - $34
10K Scrap Ring,1.66grams, 10% Below Spot - $34.56
14K White/Clear RingRock Size 4.5, 3.42 Grams. - $140
14k Opal Ring, Size 6.75, 3.63 Grams, opal is chipped + ring almost cut off - $130
10K Blue/White Rock Ring, Size 6.75, 3.08 Grams - $105
10K Small Cluster Diamond Ring, Size 6.75, 1.79 grams - $65
10k Small Diamond Ring Row Ring, Size 6.75, 2.12 grams - $75
925 Sterling Silver Bead Cross Chain, 24” inches long - $16
925 Sterling Silver Cross Pendant - $3
925 Sterling Silver White/Clear Rock Pendant - $5
925 Sterling Silver White/Pink Rock Missing Size 7.5 - $5
925 Sterling Silver Pink/Light Purple Rock Pendant - $8
926 Sterling Silver Ring, Size 7.5 - $9
925 Sterling Silver Light Purple Rock Pendant - $4
Avor 925 Sterling Silver Plain Ring, Size 10.5 - $9
925 Sterling Silver Green/Blue Turtle Brooch/Pendant - $15
Bell Trading Post Abalone 925 Sterling Silver Vintage Pendant 1936-1969 - $15
925 Sterling Silver Ring, Size 8.75 - $15
925 Italy Sterling Silver Bracelet, 8” inches, 20.70 grams - $20
ATI Mexico 925 Sterling Silver Black Onyx Pendant - $20
Cuernavaca 925 Sterling Turquoise Bracelet, 1930-1940’s, 2.5” inch diameter - $36
925 Los Ballesteros Sterling Panel Bracelet - $45
925 Sterling Silver Bracelet 2.5” Diameter - $15
925 Sterling Silver Pinky Ring Size 4 - $16
Willing to work with you, I will consider all trades for any gold or silver
Payment
I accept PayPal Friends and Family, Zelle, Venmo, Cash App, Zelle, Google pay
Bitcoin and other crypto currencies now accepted
Shipping
0-4 oz - $4 5-8 oz - $4.25 9-12 oz - $6 Priority shipping =$8, Stamped envelope - $1, medium flat rate box = $15
•Signature Confirmation $3 (Optional)
•Insurance is also available at buyers expense.
•I pack safely and discretely.
•Prices are subject to change at any moments notice.
•Message me if you have any questions.
•All packages will be dropped off on Monday or Tuesday
•Once I drop the package at the post office I’m not responsible for USPS mistakes or losses
submitted by Redditaccount1543354 to Pmsforsale [link] [comments]

Rolex Datejust 36mm Bimetal Green

Man did I wait for the wrong time to start buying reps or what? I had just bought my first TS Rep bag but it didn’t scratch my itch for getting things delivered, so I started buying a whole load of other things too. Which is how I ended up on Reptime and ended up buying this beauty.
UHh, those guys are scary over there, I think everyone in this sub would agree that they are highly intimidating 🤣 They really take Horology seriously over there so if you have genuine questions that can’t be easily found by a manual, you could get some great help!
However I couldn’t really wait another month for any watch I wanted to come all the way from China in this shipping disaster, so I headed over to their BST. Found a UK reseller and ordered this beautiful Rolex Datejust 36mm Stainless Steel and Yellow Gold 126233 Olive Green VI IX Roman Jubilee. Oh goodness was that a mouthful
TLDR; too impatient, want watch now.
REVIEW
Seller: BST wrist_reps (I believe he buys them bulk from TD’s and sells them for a slight profit for us lazies who want stock currently in UK)
W2C
Price from TD: $298 + $35 shipping (£272)
Price from BST: £270 ( I received discount for purchasing multiple items so I paid £252.5, shipping included.)
Payment Method: MasterCard preferred but they also take VISA, Bitcoin(8% discount), or Transferwise(5% discount). (I paid PayPal FF).
Order Timeline: May 12: Enquired and Payment made
May 13: Items shipped
May 14: Received
(Wouldn’t it be really nice if that is how swiftly EVERY order was)
PHOTOS
My Pics
Factory Pictures
PSPs
Auth
Video Comparison
Auth
Rep PSP
QUALITY 9.5/10
Accuracy 9.25/10
Pros * I have attempted to get as as close a macro shot for the font and numbers and to me, unless you have them side by side with an auth and a macro lens, you can’t see the difference. * As far as the crown goes - the emblem on the dial, the screw down and the clasp - they all appear perfect to me. Even the etched crown which is only visible when I hit it with a light a certain angle is there. * At 11.8mm thick, it’s got the auth measurements down pat. I was initially worried if 36mm diameter would be too ‘big’ for me and I’ve found that I actually quite liked the size on my arm. It’s not broad either (at 43.3mm across the wrist), so could be worn by either ladies or gents. * The interior of the clasp is fully finished to a pretty high standard I would say. I tried to reflect this in the pictures. * The fluted bezel has a beautiful gem like cut on the yellow gold plated steel, and the light REALLY dances across the surface with this one.
Cons * As far as movement goes, it’s a silent glide, however I do think it could be a just a tad smoother (-0.5) * although the jubilee bracelet is beautiful,I haven’t fiddled with it yet, but the easylink adjustment extension seems a little hard to move (-0.25)
COMMUNICATION 10/10
It was a super easy transaction to make as this was on BST. Wristreps was kind and understanding. He didn’t need to offer me a discount for multiple purchases but he did. I believe everyone over in the Reptime sub are major fans of the TDs as well, so whoever you get either at Puretime or Trustytime has had great reviews. The ordering process on the site itself is pretty straightforward from what I can tell, and the TDs are easily found on Whatsapp and WeChat as well.
SATISFACTION 1000/10
I really am so in love with this watch That the other one I bought already hates me 😂 It’s the most beautiful colour and I think it compliments my skin tone well. I don’t know a whole lot about watches so I’m down to be educated.
I wrote and posted all of this on mobile so I’m going to reward myself with a BST wallet for my efforts
submitted by Bomborobom to RepLadies [link] [comments]

Don't Fight the Trend (Sidenote - Fuck r/investing)

TF, like these corn balls out here removing posts that have any bit of a bear thesis? lmao
Getting to the point of my post, The Trend is Down....
Compiling data of closing points every two weeks from the start of 2020, each of the indexes are down-trending for the year & Bitcoin as well. Now the graphs which I've attached here hold little/next to no weight when looking for an indication on what position to take/when, but it's a piece of the puzzle when talking about the outlook for 2020.
Another piece to the puzzle, since that 'judgement day' post (referencing something I posted 3 weeks ago on investing, would link but that got removed along with my post on april 19th warning the clowns in there that they shouldn't be buying into USO/investing in oil lmfao); we have seen 6 green trading days & 9 red trading days on the S&P, signaling to me that investors are favoring selling in the 280-295 range much more so than buying. While the S&P has rallied above 290 on the back of NASDAQ/MAGA movement, it hasn't broken into/through this range with any conviction at all, it's actually forming a head and shoulder top in the trading range - seen here.
Further Dissecting the SPY - Price action is currently bouncing between the 50 & 200 EMA (EMA is quite significant as it weighs the price around volume traded, while SMA's simply calculate based on closing price day-to-day.) Friday's close placed us right under the 200 EMA (I view it as the ceiling currently.) and would point to downside come open market on monday (tomorrow.) *At the time of this post, futures opened with a gap down to 291 and has bounced back up to test this 2940 resistance. Will they push it above for a proper bull break before US markets open? Perhaps, maybe the bulls get their 300 touch; However, I see the indicators hinting to downside more convincing atm.*
Further DD of 'leading indicators' when looking at ST trends (DXY, BTC, XLF) -
XLF - (4Hr chart, rather than daily.) The Financial sector has been getting absolutely SLAMMED, like seriously, its almost worse than the beatdowns the small-caps have been receiving. Imo, this questionable performance from the financial sector says A LOT when considering investor uncertainty at the moment. On the four hour, this sector is currently bouncing between the 50 & 200 EMA's as they pinch closer together; which you could say is bullish, however, any and all uptrends on the chart have been broken & it leaves the financials out in no mans land (bearish.) It's currently pressed against it's 'LT' downtrend line (Established in early January after COVID was 'open public info'.) and made a double top rejection off of 23.70.
BTC- Touched 10k & crashed over 10% this weekend. As seen in the first screenshot I attached, BTC has been trading almost side by side with the general markets (Most reflective when looking at the S&P or NASDAQ.) I believe this to be a leading indicator of downside ahead similarly to how it was a leading indicator in mid-march when gauging 'how much downside was left in the markets.'
DXY - Key when considering short term deflation/inflation of assets. Has broken out above an immense resistance & has been confirming this as new support (people are hoarding cash, much more than they're spending, contrary to popular belief; I wont comment much tho, because tracking the DXY can get complex quick. We're taking it at face value here.) Watch for another major breakout (Would signify people hoarding cash, most likely stocks are getting liquidated at that same time. Comparing the timeline of the last breakout, March 9th- March 20th, this was the same timeline which the S&P took its major leg down from 300-220.)
TLDR - Stonks do go down, they've been maxing out for the last three weeks & deflation is around the corner. Positions - Heavy SPXU & SQQQ positions, AMD $46p May 22nd/ $40p June 5th, XLF $20.5p May 22th, MGM $10p June 5th
submitted by EXLR8_Reddit to wallstreetbets [link] [comments]

[WTS] 1882, 1894, 1901 $10 Liberty Gold Eagles, 1915 Austria 4 Ducat, Gold Nuggets 10k,12k,14k Jewelry, Rings, Necklaces, Pendants, opals, earrings, etc 925 Sterling Silver Jewelry, 10 oz Chunky Scottsdale’s,

Proof: https://imgur.com/a/TYcrtTf
$10 Liberty Gold Eagle, 1882, 1894, 1901, 0.48375 oz AGW - $935 Each
Gold Nuggets 2.39 grams, Purity 22-24K - $175 SOLD
These nuggets come from Humboldt County in California
2 - 10 oz Scottsdale Chunky Bars - $210 Each SOLD
1915 Austria 4 Ducat 0.4426 OZ AGW](https://imgur.com/a/4RHF9PL) - $810 SOLD
Gold Bits, .15 Grams, Purity 22-24k - $15 SOLD
14K Italy Gold Chains
Either Marked 585 or 14k, No Kinks or Tangles, Clasp isn’t 14k, clasps weighs .10-.15 grams.
B - 15” Inches Long, 1.58 Grams - $65
C- 15.50” Inches Long, 1.66 Grams - $68
E - 15.50” Inches Long, 1.64 Grams - $68
G - 15.75” Inches Long, 1.68 Grams - $72
14K Italy Beaded Necklace, 20.75” Inches Long, 1.24 grams - $53
14K White Gold Necklace, 18” Inches Long, 2.35 Grams - $100
10K Heart Pendant, 2.57 grams - $72 SOLD
RGVS 14K Slider Bracelet, 31.34 grams - $1625
Current proof picture
14K Opal/Diamond Pendant, 8.61 grams - $1,600 Not Available - On Consignment Ask Me About It If Intrested
14k Gold Bracelet 11.5 grams, 31 diamonds - $500
14K Blue Stone/Diamond Pendant, 4.66 grams - $235
14K Oval Jadeite Cabochon Greek Key Ring, HONG KONG, SIZE 10 - $350
14K Opal Ring, Size 9 - 5.04g - $340
10K Opal Ring, Size 6.75 - $295
Kimberly 14K Opal Ring, Size 5 - $325
14K Italy Chain, 10”Inches 6.85 Grams - $285
14K Diamond Ring, Size 7, 8.29 grams - $395
10K Green Rock Ring, Size 8.25, 4.93 grams - $160
10K Pink Rock Ring, Size 6.75, 4.91 grams - $155
Black Hills 925 Sterling Silver Bracelet With 12K Gold Leafs, 8” inches long, 20.28 grams - $95
14K ArtCarved White Gold Ring, Size 8.5, 6 grams - $230
14K Gold Ring, Size 7.5, 5.26 grams - $210
14K White Gold White Rock Diamond? Ring, Size 8, 2.41 grams - $100
14K Gold Necklace, 18.5”Inches Long, 3.17 grams - $125
10K Gold Bracelet, 2.75” inch Diameter, 5.23 grams - $148 SOLD
10K Brown Stone Ring, Size 7.25 - $220
10K Yellow Gold Ruby/Diamond? Cocktail Ring, Size 9, 6.17 grams - $190
10K Red Stone Ring, Size 6.25 - $125
10K Red Stone Ring, Size 6.5 - $100
14K Diamond Earrings with studs, 1.04 grams - $75
10K Red Stone Ring, Size 7.25, 5.55 grams - $195
10K White/Clear Rock, Diamond?, Size 5.5 - $70
14K Light Pink Rock Pendant, 1.98 Grams - $75
14K Light Purple Rock Necklace, 2.27 grams, 18.5” Inches - $90
10K White/Clear Rock Ring, Size 6.25, 2.68 grams - $80
10K Black Stone Ring, Size 8.5, 4.78 Grams - $165
14K White/Clear Rock Ring, Size 8.75, 1.46 grams - $65*
14K White/Clear Rock Ring, 1.78 grams, size 7.5 - $65
14K Pearl Ring, Size 6.5, 3.05 grams - $120
14K White/Clear Rock Ring, Size 7.25, 4.43 grams - $165
14k Green Rock? Earrings 1.56 grams - $65
14K Green Rock Pendant, 0.90 grams - $34
10K Scrap Ring,1.66grams, 10% Below Spot - $34.56
14K White/Clear RingRock Size 4.5, 3.42 Grams. - $140
14k Opal Ring, Size 6.75, 3.63 Grams, opal is chipped + ring almost cut off - $130
10K Blue/White Rock Ring, Size 6.75, 3.08 Grams - $105
10K Small Cluster Diamond Ring, Size 6.75, 1.79 grams - $65
10k Small Diamond Ring Row Ring, Size 6.75, 2.12 grams - $75
925 Sterling Silver Bead Cross Chain, 24” inches long - $16
925 Sterling Silver Cross Pendant - $3
925 Sterling Silver White/Clear Rock Pendant - $5
925 Sterling Silver White/Pink Rock Missing Size 7.5 - $5
925 Sterling Silver Pink/Light Purple Rock Pendant - $8
926 Sterling Silver Ring, Size 7.5 - $9
925 Sterling Silver Light Purple Rock Pendant - $4
Avor 925 Sterling Silver Plain Ring, Size 10.5 - $9
925 Sterling Silver Green/Blue Turtle Brooch/Pendant - $15
Bell Trading Post Abalone 925 Sterling Silver Vintage Pendant 1936-1969 - $15
925 Sterling Silver Ring, Size 8.75 - $15
925 Italy Sterling Silver Bracelet, 8” inches, 20.70 grams - $20
ATI Mexico 925 Sterling Silver Black Onyx Pendant - $20
Cuernavaca 925 Sterling Turquoise Bracelet, 1930-1940’s, 2.5” inch diameter - $36
925 Los Ballesteros Sterling Panel Bracelet - $45
925 Sterling Silver Bracelet 2.5” Diameter - $15
925 Sterling Silver Pinky Ring Size 4 - $16
Willing to work with you, I will consider all trades for any gold or silver
Payment
I accept PayPal Friends and Family, Zelle, Venmo, Cash App, Zelle, Google pay
Bitcoin and other crypto currencies now accepted
Shipping
0-4 oz - $4 5-8 oz - $4.25 9-12 oz - $6 Priority shipping =$8, Stamped envelope - $1, medium flat rate box = $15
•Signature Confirmation $3 (Optional)
•Insurance is also available at buyers expense.
•I pack safely and discretely.
•Prices are subject to change at any moments notice.
•Message me if you have any questions.
•All packages will be dropped off on Monday or Tuesday
•Once I drop the package at the post office I’m not responsible for USPS mistakes or losses
submitted by Redditaccount1543354 to Coins4Sale [link] [comments]

What is money?

Hey all, this might be a bit outside of the "Bitcoin" realm, but I wanted to create a sounding board to help me grasp what money is, how it relates to economies, and where Bitcoin can come in. I'm just writing out my thoughts, and I'm open to comments and opinions or corrections :). Hopefully this can be helpful to others too.
Note, that I live in the UK and I feel like a lot of information talks about the dollar, and I never know if it applies the same to my currency. I will give examples in dollars, but they should apply to any world currency (eg. GBP) to the best of my understanding.
I saw a link recently on this subreddit to this site: https://modernmoneybasics.com/. If I were to summarise what I learnt, it is a mental model that frames fiat currency in an interesting way, but I wouldn't be surprised if it did contain some misinformation. -- It claims that the model applies to any fiat currency.
OK. Pretend that all of a countries money = 1. If you own $100, you own a fraction of the countries money, so if there is $10,000 in the world you own 0.001 of all dollars. So naturally, if more money is printed, you start to own a smaller fraction of that money.
The Modern Money Theory (MMT) gives me the impression that money is basically a tool owned by the countries government (owned by someone who isn't the general public). Money is not an asset, it is a liability (hence why it loses value over time). People pay taxes and the Government will try to redistribute the wealth by investing in projects like The Army, Green Energy, etc.
This is supposed to be distributed in ways that help the country's economy, ensuring that the country is productive and is exporting things to other countries. When deemed necessary, more money can be printed to help redistribute wealth to the areas that the Government wants to invest in. I think that the more successful your economy, the more your money is worth.
This means one thing to me; PEOPLE DO NOT OWN/HAVE MONEY. Don't save fiat; it is a tool to help the economy, not a thing of value that you should store. I feel like saving actually keeps money from circulating in the economy and probably works towards needing to print money. Instead, buy assets; you put money back into the economy, and you get to hold onto your wealth. What can you invest in? Ok, that's not such an easy question to answer. Maybe buy gold (or *ahem* Bitcoin), or invest in yourself to make something valuable and ultimately start your own business.
MMT says that fiat has value because people pay taxes in fiat. Ultimately, we work, and earn in order to pay taxes (income, VAT, road tax, etc.). We spend in fiat, because the person accepting fiat will need to pay taxes and the next person will do the same, so now the whole country values your fiat currency.
Because of this, you need liquidity, you need to have some money to spend on groceries and living, and you need some money for a rainy day lest you end up in an emergency situation with not enough time to handle it with money. -- I think the more something costs, the more time you typically will have to pay it, so there might even be a formula you could create or use that helps you decide what to keep as cash, and what to spend.
So long story short, money is a token that represents a tiny fraction of your countries economy. It is also something that the government can manipulate and move around as it pleases in the same way a business invests in departments for its company. We are all just a cog in the machine that is our country's economy.
One thing I have not talked about, is the role of banks and credit and interest. I haven't expanded my thoughts in that area yet, but I feel like that they serve a different purpose.
Where does Bitcoin fit in? Well, just like gold, it is a potential asset. It has an interesting property though; it has liquidity. This give it the potential to be used for local trades, meaning that people can save their wealth and use it for local transactions too. It is global, so it also has the ability to be used for global transactions too. For now, it is an asset for saving your wealth; I think that as more people use it and favour it as a storage mechanism, more people will start to accept it for small trades too. Hey, maybe if there's a tool to easily calculate taxes from Bitcoin trades, that could help with adoption.
What would happen to fiat currency if everyone collected fiat for the sake of paying taxes, but used conversion tools to allow them to keep the majority of their wealth in Bitcoin while knowing the appropriate taxes to pay? Honestly, I fall short here, because at that point, you can no longer measure a country's economy by its currency. This is where I need to maybe learn how countries that do not have their own currency measure their economy.
I suppose governments, or ourselves, will have to invent new ways to measure and manage our economies, and I imagine i will be a much more transparent. I think it is an important question to answer as Bitcoin would shift wealth from being country wealth, to individual wealth (for everyone, not just those with enough income and education to invest in assets).
submitted by tookthisusersoucant to Bitcoin [link] [comments]

Denarium “Physical GreenBits early preview - Android Bitcoin Wallet login via Trezor Bitcoin Tips: How to Make Money Fast (2018) Greenbits FREE BITS ON BUSTABIT.COM

GreenBits is a Bitcoin wallet for Android. This portfolio provides security, and protects privacy. It works by SPV Validation on the client side It allows you to easily save your currency on a paper wallet.It has a Multi Signature system between client and server, for increased security. Bitcoin is an innovative payment network and a new kind of money. Find all you need to know and get started with Bitcoin on bitcoin.org. Bitcoin.org is a community funded project, donations are appreciated and used to improve the website. Make a donation Blockstream Green is a simple and secure Bitcoin and Liquid wallet that makes it easy to get started sending and receiving Bitcoin and Liquid-based assets such as L-BTC and Tether’s USDt. Built by one of the most respected teams in the Bitcoin industry, Blockstream Green is supported across multiple platforms and is designed for Bitcoin Bitcoin is the currency of the future. We don't make you choose between security and convenience. And we don't compromise your privacy.. Our per-transaction two factor authentication, multi-signature and deterministic wallet allow you unprecedented control over your transactions.. And, we never store your private keys, not even encrypted. At the same time we make it trivial to view and GreenBits is a Bitcoin Wallet for Android provided by GreenAddress - greenaddress/GreenBits

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Denarium “Physical" Bitcoin Unboxing and Overview

CoinSutra - Simplifying Bitcoin & Cryptocurrency 33,507 views. 5:39. Trezor Unboxing - A Hardware Wallet For Bitcoin Litecoin Dash & More - Duration: 6:48. IMineBlocks 6,197 views. Live Bitcoin Liquidation Watch: May 17 2020 IntroToCryptos 258 watching Live now BustABit Killer Script Bot 2020 (READ DESCRIPTION) Free Bits - Duration: 6:49. There are no caps on the number of bits you can earn (which will be converted to Bitcoin after you reach 1,000 bits). How long does it take to get paid in Bitcoin? For me, it took 1 day. Green Address Bitcoin Wallet - Segwit, RBF, 2FA, Multisig and More - Duration: 23:20. BTC Sessions 13,886 views. 23:20. We will always remember you good old 80's (Bitcoin commercial ... An android bitcoin wallet by GreenAddress that does a login to a wallet account with a hardware wallet device called Trezor The app is actually available in early Beta for both Testnet and Mainet ...