Winklevoss Twins' plan to list new bitcoin trust on NASDAQ ...

Hopium Time and My Bitcoin Bet

 
Take me directly to the official BITCOIN BET FOR THE VETS pledge page
 
Hello! Some of you may know me from the Daily Discussion thread here. I am an enthusiastic supporter of Bitcoin and also the author of Hopium Time (formerly Daily Hopium). Hopium Time is my effort to improve morale of the Bitcoin community during the dark times of current bear market we've been enduring. In my posts I make an effort to post good news and show parallels to previous Bitcoin bear markets to provide perspective when things look bleak.
 
I also like to make predictions. My core prediction is as follows:
 
The price of ONE BITCOIN will surpass $100,000 USD before May 1, 2021.
 
To illustrate my conviction on this prediction and to help my favorite charity, The Independence Fund, I have made it into a Bet. I’m calling it my Bitcoin Bet for the Vets (BBV). Please take a look at my post on this. I would really like this to grow into a nice donation to the charity which is very helpful to Veterans and their families. Hopefully some of you guys will pledge to match my Bet.
 
7/21/18 Revision to bet matching:
 
I will allow someone who pledges to match my bet to decide what percentage of my donation they will match (minimum of 5%). Please reply directly to the bet thread to make your honor bound irrevocable commitment to donate with me on May 1, 2021. I will include you on my public list of donors. Also, while I have pledged to donate enough to buy one track chair for the Vets even if I win the bet, you as a bet matcher, will be encouraged to do the same, but it is not required.
 
I will attempt to contact some of the leading Bitcoin bulls in the media (John McAfee, Tom Lee, Tim Draper etc.) and let you know in this thread if they plan to participate in my Bet or not. So you may want to check back on this thread from time to time for a status update.
 
Imagine the good we could do together if more people got involved. We can show the world how generous the crypto community can be. Good for the Vets and good for bitcoin. Everybody wins!
 
Follow me on my new Twitter @ThePhysicistBTC
 
I will maintain an archive of all my Hopium Time posts here, in case you are feeling a little down and need a quick reality check or pick-me-up. See below.
 
Hopium Time (Archive):
 
Bonus Feature #4: Learn Bitcoin/Blockchain for beginners series
Part 1 - Explain Bitcoin Like I’m Five
https://www.reddit.com/Bitcoin/comments/a0sghdaily_discussion_november_27_2018/eakmmpw
Part 2 - 4 TED Talks you should watch immediately if you want to understand bitcoin
https://www.reddit.com/Bitcoin/comments/a13uru/daily_discussion_november_28_2018/ean3m8j
Part 3 - Blockchain expert, Bettina Warburg, explains blockchain in five levels of difficulty
https://www.reddit.com/Bitcoin/comments/a1f2om/daily_discussion_november_29_2018/eapxc53
Part 4 - Bitcoin: What It Is And How It Works & Understand Bitcoin in 30 Minutes
https://www.reddit.com/Bitcoin/comments/a1q5qb/daily_discussion_november_30_2018/easfqbj
S02E26: Bitcoin in Venezuela
https://www.reddit.com/Bitcoin/comments/aa803q/daily_discussion_december_28_2018/ecrmdv1
Bonus Feature #5 - Wall Street Could Change The Game For Bitcoin Again
https://www.reddit.com/Bitcoin/comments/a8iryx/daily_discussion_december_22_2018/eccj73s
S02E25: The Road To Recovery - Part 2
https://www.reddit.com/Bitcoin/comments/a1f2om/daily_discussion_november_29_2018/ear7pc5
S02E24: The Untrue Hodler
https://www.reddit.com/Bitcoin/comments/9wxrh9/daily_discussion_november_14_2018/e9ongao
S02E23: VanEck-SolidX ETF (backed by physical bitcoin) has a good chance of SEC approval by March 2019
https://www.reddit.com/Bitcoin/comments/9ts5lx/daily_discussion_november_03_2018/e90bj3d
S02E22: Bakkt is really coming this December
https://www.reddit.com/Bitcoin/comments/9qbco3/daily_discussion_october_22_2018/e89qfo4
S02E21: The Flattening
https://www.reddit.com/Bitcoin/comments/9lkm1s/daily_discussion_october_05_2018/e77wzl3
Bonus Feature #3: Tim Draper Still Bullish!
https://www.reddit.com/Bitcoin/comments/9fqez2/daily_discussion_september_14_2018/e603fou
Bonus Feature #2: Overstock.com Will Sell Bitcoin in Q1 2019.
https://www.reddit.com/Bitcoin/comments/9fqez2/daily_discussion_september_14_2018/e5zujva
S02E20: The One, the Only, The Legend: u/americanpegasus
https://www.reddit.com/Bitcoin/comments/9f61w6/daily_discussion_september_12_2018/e5vvcxi
S02E19: The Foundation for Institutional Investment is Being Built Right Now
https://www.reddit.com/Bitcoin/comments/9evuxt/daily_discussion_september_11_2018/e5spu3t
S02E18: Universities are offering classes in crypto
https://www.reddit.com/Bitcoin/comments/9b7l22/daily_discussion_august_29_2018/e52jzn7
S02E17: Brexit Nightmare - Could be Bullish for Bitcoin
https://www.reddit.com/Bitcoin/comments/99vtlo/daily_discussion_august_24_2018/e4rlfwe
S02E16: Road to Recovery - Part 1
https://www.reddit.com/Bitcoin/comments/98ad0e/daily_discussion_august_18_2018/e4f8qim
S02E15: Conflicted Feelings and “The Bitcoin Face”
https://www.reddit.com/Bitcoin/comments/96wqvd/daily_discussion_august_13_2018/e458tdm
S02E14: The Perils of Human Emotions
https://www.reddit.com/Bitcoin/comments/965anc/daily_discussion_august_10_2018/e3z0z9e
S02E13: The Bitcoin Whisperer Has Spoken - Just Believe
https://www.reddit.com/Bitcoin/comments/95us72/daily_discussion_august_09_2018/e3x7i6o
S02E12: Don’t be scurred ;-)
https://www.reddit.com/Bitcoin/comments/959zjn/daily_discussion_august_07_2018/e3sn83a
S02E11: The Pain Will Come to an End
https://www.reddit.com/Bitcoin/comments/94qljj/daily_discussion_august_05_2018/e3nxab2
S02E10: Bakkt aims to allow you pay for your coffee at Starbucks with bitcoin (and more)
https://www.reddit.com/Bitcoin/comments/947zr6/daily_discussion_august_03_2018/e3jzxmb
S02E09: JUST HODL
https://www.reddit.com/Bitcoin/comments/93nbn7/daily_discussion_august_01_2018/e3g1b47
S02E08: Glenn Beck and Teeka Tiwari discuss whether the Bitcoin Bear Market is finally over
https://www.reddit.com/Bitcoin/comments/932hei/daily_discussion_july_30_2018/e3a9umr
S02E07: Mati Greenspan, Senior Analyst at eTore speaks
https://www.reddit.com/Bitcoin/comments/92tj24/daily_discussion_july_29_2018/e3g4jui
Bonus Feature #1: Possibility of CBOE ETF being approved by March 2019 or sooner
https://www.reddit.com/Bitcoin/comments/92awvq/daily_discussion_july_27_2018/e366316 - See this article also
S02E06: Bitcoin Comeback Could be for Real https://www.reddit.com/Bitcoin/comments/91fqkdaily_discussion_july_24_2018/e2y2xqn
S02E05: Different Take on Bitcoin Bubbles
https://www.reddit.com/Bitcoin/comments/90eemn/daily_discussion_july_20_2018/e2qzxcu
S02E04: Has Bitcoin bottomed?
https://www.reddit.com/Bitcoin/comments/9047lk/comment/e2ozyqc
S02E03: The Bet
https://www.reddit.com/Bitcoin/comments/8z9cx2/daily_discussion_july_16_2018/e2iiems
S02E02: ETFs
https://www.reddit.com/Bitcoin/comments/8ys014/daily_discussion_july_14_2018/e2ekotq
S02E01: Bitcoin Regret
https://www.reddit.com/Bitcoin/comments/8yie5daily_discussion_july_13_2018/e2cqeej
S01E34: I Accidentally Bought 11 BTC
https://www.reddit.com/Bitcoin/comments/8xn6s0/daily_discussion_july_10_2018/e24ee6h
S01E33: Crystal Balls
https://www.reddit.com/Bitcoin/comments/8x9um1/daily_discussion_july_09_2018/e22thya
S01E32: The Unthinkable
https://www.reddit.com/Bitcoin/comments/8x097x/daily_discussion_july_08_2018/e20h64v
S01E31: The Winklevoss Twins are Keepin Calm and HODLing On
https://www.reddit.com/Bitcoin/comments/8wrwpx/daily_discussion_july_07_2018/e1yjstw
S01E30: The Power of the Lightning Network
https://www.reddit.com/Bitcoin/comments/8wiku7/daily_discussion_july_06_2018/e1wi9am
S01E29: Will you make the right decision?
https://www.reddit.com/Bitcoin/comments/8w8zni/daily_discussion_july_05_2018/e1udryq
S01E28: Lets get it over 7k for some fireworks.
https://www.reddit.com/Bitcoin/comments/8w07u9/daily_discussion_july_04_2018/e1sggs5
S01E27: Major Bitcoin Crashes
https://www.reddit.com/Bitcoin/comments/8vqpjy/daily_discussion_july_03_2018/e1qumdi
S01E26: Bitcoin Bubbles
https://www.reddit.com/Bitcoin/comments/8vh6vf/daily_discussion_july_02_2018/e1ngux2
S01E25: What? Bitcoin died?
https://www.reddit.com/Bitcoin/comments/8v8qf8/daily_discussion_july_01_2018/e1m238s
S01E24: Parallels in time
https://www.reddit.com/Bitcoin/comments/8v0n1c/daily_discussion_june_30_2018/e1k33ur
S01E23: I have no choice but to sell off 8000 BTC
https://www.reddit.com/Bitcoin/comments/8urof2/daily_discussion_june_29_2018/e1hrk55
S01E22: CNBC Africa - Crypto Trader
https://www.reddit.com/Bitcoin/comments/8uhkxw/daily_discussion_june_28_2018/e1fm41w
S01E21: The Tide is Turning?
https://www.reddit.com/Bitcoin/comments/8u82mv/daily_discussion_june_27_2018/e1dfqqx
S01E20: The Panic Sellers Edition
https://www.reddit.com/Bitcoin/comments/8tyijb/daily_discussion_june_26_2018/e1bni1k
S01E19: Crash Troll
https://www.reddit.com/Bitcoin/comments/8tp0mc/daily_discussion_june_25_2018/e198ujy
S01E18: No hope for bitcoin?
https://www.reddit.com/Bitcoin/comments/8tgn5v/daily_discussion_june_24_2018/e17n6dt
S01E17: Optimism for 2nd half 2018
https://www.reddit.com/Bitcoin/comments/8t8qlq/daily_discussion_june_23_2018/e16g1lg
S01E16: People who bought at the ath of 266 then sold at 50
https://www.reddit.com/Bitcoin/comments/8szuvc/daily_discussion_june_22_2018/e155pr3
S01E15: The Truth
https://www.reddit.com/Bitcoin/comments/8sqc99/daily_discussion_june_21_2018/e12y46x
S01E14: Millionaire interest
https://www.reddit.com/Bitcoin/comments/8sgt75/daily_discussion_june_20_2018/e10q4d0
S01E13: Pep Talk time
https://www.reddit.com/Bitcoin/comments/8s7dvd/daily_discussion_june_19_2018/e0ypdrd
S01E12: HODLERS are people too
https://www.reddit.com/Bitcoin/comments/8s7dvd/daily_discussion_june_19_2018/e0ykk2v
S01E11: Square Cash App
https://www.reddit.com/Bitcoin/comments/8ry1gb/daily_discussion_june_18_2018/e0wdlxi
S01E10: Predictions, predictions
https://www.reddit.com/Bitcoin/comments/8rpvtt/daily_discussion_june_17_2018/e0tte6t
S01E09: Too expensive?
https://www.reddit.com/Bitcoin/comments/8ri7zp/daily_discussion_june_16_2018/e0rvb0z
S01E08: Aarrrrrrnoooooooold
https://www.reddit.com/Bitcoin/comments/8r9if9/daily_discussion_june_15_2018/e0qqezr
S01E07: Sinking Ship
https://www.reddit.com/Bitcoin/comments/8r9if9/daily_discussion_june_15_2018/e0pn5mc
S01E06: Delusional
https://www.reddit.com/Bitcoin/comments/8r0clm/daily_discussion_june_14_2018/e0otg3x
S01E05: Bitcoin Immortality and Log Chart
https://www.reddit.com/Bitcoin/comments/8qqy0i/daily_discussion_june_13_2018/e0mofn0
S01E04: Hal Finney
https://www.reddit.com/Bitcoin/comments/8qhgbl/daily_discussion_june_12_2018/e0kn24t
S01E03: You can make a difference.
https://www.reddit.com/Bitcoin/comments/8q822daily_discussion_june_11_2018/e0igv6m
S01E02: Being a Fudster - an Ageless Past-time
https://www.reddit.com/Bitcoin/comments/8pznhe/daily_discussion_june_10_2018/e0gngdz
S01E01: Are you ready for the drops?
https://www.reddit.com/Bitcoin/comments/8pznhe/daily_discussion_june_10_2018/e0fp7m6
The Pilot: 770 bitcoins
https://www.reddit.com/Bitcoin/comments/8k2sl0/daily_discussion_may_17_2018/dz4iawv
submitted by The-Physicist to Bitcoin [link] [comments]

Cryptocurrency Investors

Hello! My name is Mihail Kudryashev, I am a frontend engineer at Platinum. We are a an international STO/IEO/ICO/POST ICO consulting, promotion and fundraising company with huge experience in STO and ICO marketing and best STO blockchain platform in the world! Learn more about it: Platinum.fund Our company gained popularity after launching the world’s number one online university with only practical knowledge on crypto economics. Now you can learn how to create and develop your own ICO and STO, how to market your campaign and make it super successful. Who are cryptocurrency investors? What drives people to invest in cryptocurrency? Read the extract of the UBAI lesson to get all the answers.
Introduction to the Investors §2
In 2017, the total cryptocurrency market capitalization was approaching $850B which begs the question:
Why are investors turning to cryptocurrencies?
A survey by Blockchain Capital indicated that at least 30% of millennials would rather invest in bitcoin than invest in traditional stocks. Cryptocurrency investors, like traditional investors, expect a return at least proportionate to the risk they take. Due to the fundamental lack of regulation, incredible volatility and astronomical relative risk, many cryptocurrency investors expect to earn meteoric returns. Returns in the ranges of multiples from 200% to 1000%.
Let us first begin by examining the kinds of people who invest in cryptocurrency, and then let’s see the reasons why each of them is investing in this relatively new market.
Types of Investors
The “Newbie” Cryptocurrency Investor
This investor is just starting out. They probably have not had any significant experience in any form of investing before and bitcoin is their first experience. They have heard about people making incredible returns from cryptocurrency investing, or some aspect of the entire blockchain and crypto revolution attracts them, and they decide they want to invest too.
Unfortunately, most of the newbie investors will end up losing their money, primarily because of one specific misconception; they think cryptocurrency investing is an easy way to make huge profits. “ “Types of Investors §2
“Gambler” or “Get Rich Quick” Investor
This is the second class of cryptocurrency investor, and is actually not really an investor at all.
This type of person is out to make a fortune as fast as possible. They will fall for whatever sweet-sounding scheme they hear. They love ideas that promise to double or triple their investment quickly. Like the Newbie, they do not understand how cryptocurrencies work, and they don’t care. The difference between this kind of investor and the successful individual or professional investor is that the gambler does not care about the management of risk, or about the timing of trades.
They place their money on the table, and they hope it will make a good return. They are gambling rather than creating an investment thesis and executing a well-thought out strategy. They might even have an infectious positive attitude, but unfortunately it is not backed by knowledge or the due diligence required to be a successful investor.
A good example of this style of thinking, outside of cryptocurrency, is high yield investment plans (HYIPs) that promise to multiply an investors capital by a certain factor. This is not to say that all HYIP programs are scams, but a good number of them are. Most importantly, the investors who flock into such plans have similar characteristics to that of the Get Rich Quick investor in that they will not take the time to learn about the field in which they are investing. They are just looking for fast money and an overnight success. “ “Types of Investors §3
Short Term Traders (Day/Swing Traders)
Short term traders must, without a doubt, be the most knowledgeable investors if they are going to succeed at their chosen profession. They have, or they should have, studied the art and science of trading more thoroughly than other people. This is the kind of investor who has taken the time to learn about cryptocurrencies and the markets on which they trade. Short term traders create deliberate and timed strategies in an attempt to profit from fast market movements. Maybe many of the short term traders started off as Newbies, but these are the individuals who took the time and effort to learn about the market. They wanted to know what they were doing. These are the people who survived and thrived to grow into the type of trader that they want to be.
Interestingly, the Day Trader does not attach emotion to any given coin. They do not need to believe in the sustainability/whitepapevision/road map, etc. of the project they are buying into at any particular time. They just need to be confident about the direction and timing of the potential price movement of the coin. “ “Types of Investors §4
Long Term Investors/ Hodlers
A great majority of successful cryptocurrency investors can be most properly classified as Long Term Investors, or HODLers in true crypto terminology. These are investors who understand quite a bit about cryptocurrency and blockchain technology and believe in the sustainability of the coins in which they are investing.
Think of the first few investors who bought bitcoin in the early days and years, when it was still deep under the radar for most people. These are the people who believed in the blockchain and cryptocurrency revolution. They didn’t sell their bitcoin for fast profit, although they had many chances to do so. They knew what they were doing, holding for the long term. These early investors and HODLers enjoyed astronomical growth all the way up to 2016 and 2017. But to be a long-term holder despite all the bad news and negative factors surrounding this brand new asset class, they must have really believed that bitcoin and the blockchain were going to change the world. This belief can only be established through study and research about the blockchain industry and the specific currencies and tokens in which you are going to invest.
Follow up and learn more on www.ubai.co!” “Types of Investors §5
Sophisticated/Professional Investors
These are experts in cryptocurrency investing. They most likely have a background in other forms of trading and investing, such as in stocks, bonds or options etc. They may also be earning fees by investing or managing money for other people.
The Iconomi fund managers are a good example. Each Fund Manager manages an array of digital assets. Investors might choose Iconomi because it offers a platform for the investor to allocate funds to specific fund managers, with the ability to swap between managers instantly if the investor desires to do so.
Each fund manager selects a number of coins in which they wish to trade or invest, with specified time horizons, short or long term. Investors can buy into the array of mutually held coins. This allows investors to utilize the knowledge and experience of professional fund managers to trade an allocated pool of capital, hopefully generating returns greater than the individual investor would be able to produce on his own.
The fund managers are motivated by the fees and commissions they earn, and perhaps a performance-linked bonus. You can certainly be properly classified as a Sophisticated Investor without any need to be a fund manager for other peoples’ money. But a professional fund manager has the ability to trade with a larger pool of capital, manage complicated risk, and diversify trading strategy to generate various streams of income. “ “Between Countries
A particular country’s participation in cryptocurrencies largely has to do with the legal regulations about blockchain projects and crypto currency investment in that jurisdiction.
When China banned the use of cryptocurrency, most Chinese nationals had to withdraw their investments. Many other countries have also placed bans on the use or trade of cryptocurrencies. Countries like Japan that have allowed the use of cryptocurrencies have witnessed a significant rise in cryptocurrency investments as a result. Japan and South Korea are home to several high-traffic cryptocurrency exchanges, meaning that a notable proportion of their population is investing in cryptocurrencies.
Another way to look at cryptocurrency investment demographics is to look at the bitcoin ATMs present in each country. The United States of America is the leading country, followed by Canada and then the United Kingdom.
According to a report by Google trends, the five top countries interested in bitcoin are: South Africa, Slovenia, Nigeria, Colombia and Bolivia.
Remember, cryptocurrency demographics can be a little tricky due to the anonymity involved. Many people may be afraid to participate in surveys, especially when their governments have placed legal restrictions on cryptocurrency investing.
The main point the research seems to validate is that the demographics of the cryptocurrency investor base is diverse. While the average investor may be a white or Asian male between the ages of 26-30 with at least a university degree, the entire investor base is so much larger than that. Many big investors are likely to be significantly older, and have connections and businesses in the traditional economy as well. “ “Notable Investors in Cryptocurrency
While many people have made fortunes from cryptocurrency investing, a handful of them stand out as being particularly remarkable. We will take a more detailed look at some of the biggest investment success stories to see how they did it and learn about their investing strategy.
The Winklevoss Twins
After being awarded their settlement from the lawsuit against Facebook, the Winklevoss twins decided to invest a significant portion of their money in Bitcoin. They invested $11million of the $65million they received. At that time, the price of a single bitcoin was about $120.
This high-risk investment paid off handsomely and they became the first publicly known Bitcoin Billionaires, perhaps owning more than 1% of the total bitcoin in circulation. In an interview with Financial Times in 2016, the twins jointly said that they consider “Bitcoin as potentially the greatest social network because it is designed to transfer value over the internet”. They also pointed out that compared to gold, bitcoin has equal or greater foundational traits of scarcity and portability. “ “Notable Investors in Cryptocurrency §2
Michael Novogratz
A self-made billionaire ex-Goldman Sachs investment banker, Novogratz has invested more than 30% of his fortune in cryptocurrency. In 2015, he announced a $500million cryptocurrency hedge fund, including $150million of his own money. Novogratz believes that “the blockchain, the computer code that underpins all cryptocurrencies, will reshape finance, just as the internet reshaped communication”.
The investment thesis of Mr. Novogratz is similar to that of the Winklevoss twins. He has taken and maintains a long-term position while he trades in and out of short term moves, based on his fundamental belief in the potential and likely application of the underlying blockchain technology. By starting an investment fund in addition to his other cryptocurrency related ventures, he is demonstrating a strong fundamental grasp of the technology, including its applicability and impact across so many industries. Slide
Barry Silbert
In December 2014 after the US Marshal’s office seized 50,000 bitcoins from the Silk Road, Barry Silbert purchased just 2,000 of those bitcoins at $350 per coin. A few years later of course, those coins were worth millions of dollars.
Barry is the founder and CEO of the Digital Currency Group (DCG) a cryptocurrency investment firm. Barry also made significant profits from Ethereum Classic, purchasing the coin in its very first days. He has invested in over 75 bitcoin related companies, including CoinDesk. As founder of the Digital Currency Group, Barry endeavors to support bitcoin and blockchain companies and accelerate the development of the global financial system. “ “Directly through Exchanges
Step One: Register on a reputable cryptocurrency exchange
To start investing, you first need to register on a reputable cryptocurrency exchange where you can buy bitcoin and other cryptocurrencies. Binance is a good exchange to use in this lesson. While it may or may not be the best, it is currently the largest, and they provide a very supportive layout and customer service department.
You should remember, to buy most altcoins (cryptocurrencies other than bitcoin), you specifically need to use an exchange like Coinbase or Kraken that allows you to convert fiat currency into cryptocurrency. From there, if you want to trade altcoins not listed on that exchange, you will have to transfer your BTC or ETH to a larger exchange like Binance, and buy the altcoin you want, using whichever trading pair that is best suited (BTC and ETH pairs are most common).
As we have already explained, if you are buying Bitcoin or any cryptocurrencies, you should invest in a wallet to safely store your coins. It is not advisable to store your BTC or other crypto on the exchanges for too long, due to hacking and other risks. “ “Directly through Exchanges
Step Two: Determine your Strategy
There are different ways to invest. You need to find a strategy that works for you and your specific set of skills. The value of a cryptocurrency is not defined by a formula or something out a textbook. If everyone was able to calculate the actual value of a share of stock, for example, or a bond, or other tradeable asset, then the price on an open market exchange would never move. Buyers and sellers would know exactly how much the asset is worth, so there would be no reason to sell lower or buy higher than the actual value.
You need to come up with your own ideas and strategies to take advantage of market moves. Sometimes you will have a position that is contrary to the general market. Other times you might be trading in agreement with a majority of other market participants. Investors are basically separable into one of two groups of thinkers. Contrarian investors go against the crowd, swimming against the current; Momentum investors ride the wave feeling secure in the majority. Being different can be good or it can be bad. You do not always want to necessarily get caught up in the most crowded trade. “ “Things to keep in Mind
Bitcoin Futures
We need to mention the bitcoin futures market as another potential way to invest. Toward the close of 2017, Bitcoin started trading on two fully recognized and well-established futures markets; the Chicago Board Options Exchange (CBOE), and the Chicago Mercantile Exchange CME.
The key quote from the exchanges was “because the futures can be traded on regulated markets, it will attract investors, making the market liquid, stabilizing prices and it will not suffer from low transaction speeds of Bitcoin Exchanges.”
For a risk averse investor, this offers a safer entry into cryptocurrency investing. A futures contract commits its owner to buy or sell the underlying asset, BTC, at a set price, and at a set date in the future. The investor in the futures contract does not actually own the underlying asset, but rather is trading on fluctuations in the price of the asset over a certain timeframe, as specified in the futures contract. “ “Things to keep in Mind §2
Common Pitfalls We cannot conclude this lesson without one more look at the common pitfalls a new cryptocurrency investor should avoid.
The problem areas are: -Falling for scams by failing to carry out due diligence. -Relying solely upon self-acclaimed crypto gurus and experts. If you want to trade, you must understand how to read news and charts for yourself. -Too much Greed. Not taking profit when you should. It is better to take a 20% gain, than wait for a 100% gain, only to lose it all in the end. -Lacking an investment strategy or exit plan. -Not sticking to your investment plan or strategy. -Allowing emotions to rule your decisions. Chasing your losses. -Investing what you cannot afford to lose.
And finally, some time-tested wisdom from Wall Street: Bulls make money. Bears make money. Pigs get slaughtered every time. (Don’t be greedy!)
We cannot overemphasize the risk involved in cryptocurrency investing. The potential to make huge gains over a short period of time does not come without risk. There is no doubt that significant players in the global financial markets are entering the cryptocurrency markets too. We are likely to witness more and more government authorities trying to regulate cryptocurrencies, hopefully to the overall benefit of a healthy market. It seems safe to say we will see cryptocurrencies become more mainstream due to the intense interest from the traditional financial industry and institutional investing community all over the world. What are better ways to successfully invest in cryptocurrencies? Which pitfalls should you avoid? Learn all on successful ICOs and STOs after reading the full lesson: UBAI.co How to start your STO/ICO campaign in 2019? Contact me via Instagram, Facebook, LinkedIn to know more about our education: Facebook LinkedIn Instagram
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Bitcoin Trading Intelligence

Hope all is well guys. Thank you for the feedback on our last Bitcoin Trading Intelligence newsletter. Hope this one addresses some of those points.
Feedback and any other comments are welcome.
If you like this and want more, you can now reserve your spot in our Bitcoin Trading Intelligence platform.
Note on the Flash Crash:
On August 18th the Bitcoin market experienced a flash crash on a number of exchanges, led by Bitfinex. It appears, according to swap data there was a number of large positions which closed in tandem causing a whipsaw effect, accelerated by market panic. Thankfully it does appear this was an isolated issue, and not a fundamental break down of the market. The price touched $160s on Bitfinex, and has since recovered to the $230 region, signaling this may have been entirely a result of an issue with an exchange or exchanges. We’ll know more in the coming days, but at this time we believe this to be the case. We’ve selected Bitstamp for our charts, as it did not have as drastic a reaction which can affect technical analysis.
Fundamental Analysis:
The entire setup of the market is clouded with bearish sentiment amplified the impacts of the BitLicense and the news of the first Bitcoin-XT Block being mined. Here is a review of what has happened fundamentally in the market over the past week and a half. On a global scale, the acceptance of Bitcoin in many countries has been on the rise as weaker economies are evidently turning to cryptocurrencies as their exit option, indicated by the increase in the trading volumes of Latin American Countries. The high inflation rate and unstable economy in countries like Argentina and Brazil have caused a massive surge in the trading volumes of Bitcoins in Latin America increasing more than 120%. This might be a reverberation from the increased number of newly registered users in Greece over the past few weeks which increased by 600%. In Europe, despite Germany’s recent negative press about Greek bailout, Berlin remains one of the major attractions for Venture Capitalists, with Bitcoin Startups and the overall ecosystem continuing to prosper. With more than $2.2 Billion invested in startups in Germany and a considerable percentage of them being Bitcoin startups, the future of cryptocurrency in Germany looks promising.
The surprise “one off depreciation” of the Yuan by the People’s Bank of China early in the week led to price divergences and limited bull runs in USD and CNY exchanges as people invested with Yuan saw the Bitcoin market as a good hedging opportunity. Adding to the already strengthening sentiment of growing Venture Capital investments in bitcoin, Japanese exchange ‘bitFlyer’ was able to raise $4 million for their next round of funding, despite the ripples caused by the arrest of Mark Karpeles, former CEO of Mt Gox earlier this month. Bitcoin got a boost from more traditional finance firm PricewaterhouseCooper’s which promoted the use of Bitcoin and Blockchain Technologies for its clients. The report stated categorically that Cryptocurrencies open the door for revolutionary technological possibilities and would disrupt the existing financial Industry in a positive way. With things going awry after the BitLicense debacle, the long awaited Gemini Exchange is a ray of hope for the residents of New York with the Winklevoss twins filing the paperwork for operating an exchange in New York in accordance with the new policies.
Edward Snowden’s statements about bitcoin, particularly saying that the technology is inherently flawed citing the ‘51 % mining attack’ as a structural weakness problem created negative sentiment in mainstream press. On the positive side, he added that the basic principles of systems based on decentralized tokenization models might continually provide more value to society. In the midst of the negative mainstream sentiment Bitcoin XT released their completed version of the software on the 15th of August. Unfortunately, many mainstream articles surfaced calling the first Bitcoin-XT block meaning Bitcoin has forked. On one hand it is a vote for the change in protocol, but the network, almost exclusively, continue to run on the core implementation. Predictions say the full switch could happen mid-2016, but the exaggerated news has had a short term impact on the mainstream perception of Bitcoin and potentially the market.
While things were already looking tight because of BitLicense, The Financial Crimes Enforcement Network (FinCEN), has issued a new ruling stating startups seeking to tokenize commodities for Blockchain based trading have to be licensed in all the 50 states. On the heels of new regulation, SABR, a New York Based startup has just raised one million dollars to fulfill its goal of providing law enforcement with a view beneath the surface of multiple block chains. SABR aims to detect and prevent bitcoin and other digital currencies being used for illicit purposes. How these developments in regulation and security will help or harm the bitcoin community will be seen in due time.
Technical Analysis:
Long Term:
On a weekly scale, the market has been predominantly sideways with choppy moves from 255-271, until finally completing the bearish arc of the sideways swing by breaking the support zone around 250 and trading at 220 levels. The Bollinger bands in the weekly chart still remain parallel showing that the market is in the expected zone and judging by the regression lines, is setting up for a bull trend after consolidation. On a long term scale, taking a position right now for a long term trade would be premature as the sentiment in the market is not clear. The RSI is approaching the oversold region while the MACD just took a bearish turn without crossing the zero line. The proper indication for setting up long term trades would be reading the setup of the market in terms of 5 SMA and Bollinger bands. As soon as both Bollinger Bands and the 5 SMA become trending in the upward direction after significant consolidation, entering into trades with a long term plan is more justified. Proper entry points for such trades would be around the 217 region with stops below 214. If the market is trending, possible exit points could be 255, 271 and 317.
If the market breaks to the downside, breaking the support zone at 217, weekly lower Bollinger band and previous swing lows are possible targets.
Midterm:
If we look at the daily chart, the break of the zone of support around 250-255 signaled move in the market that has the run the price down to 221. The reversal was very quick with less volume, showing that the 217-220 zone is a good support zone which can be tested soon because of the still trending bearish setup in the daily chart. With the Bollinger bands and SMA’s pointing downwards, the setup is going to remain bearish for some time until a base of consolidation is formed. The descending triangle as shown in the daily chart between the downward trendline and support line at 217 might result in higher volumes being traded in the coming days. In which direction the break out would be or the setup would change will depend on how the market approaches the vertex of the triangle. The MACD is showing a bearish signal in the short term and the RSI crossed 30 into the oversold region but is now coming close to leaving the oversold region. In the medium term, it appears that it is going to be bearish/sideways for some time.
A trade setup shorting at the 5 SMA cross and looking for positions on the retracements was a good opportunity during the sell off.
Short term:
The market crashed by a huge percentage on Tuesday when the trading price of Bitcoin dropping to the 160s on some exchanges, although Bitstamp did not have as severe a reaction. Though it was immediately backed by a green retracement candle, the sentiment is predominantly bearish even in the 240 minute chart with little corrections. The market is expected to trade in this range for some time before either consolidating and going for a reversal or crashing down further. Some of the good trades in this range would be picking longs on the support level until the market closes in on the triangle as shown on the daily chart. Shorting around the lower Bollinger band, and 5 SMA with expectation of a crash down back to the 217 levels could also be profitable, although these trades have to be done with a tight stop loss.
Sentiment Analysis:
The overall sentiment of the market has continued bearish with BitLicense and “Bitcoin Forking” leading the way. However, the sentiment on the banking front is picking up speed with Visa deploying a block chain research team on the 12th August in Bangalore to study the possible applications of the Blockchain. Deutsche Bank has recently backed Blockchain Technology and bitcoins by making some positive statements about how bitcoins hold the key for the future of financial services. Another positive enforcer to the sentiment is Blockchain.info has exceeded 4 million users. With companies like BitX and ecoins making payment through bitcoins via debit cards infrastructure possible, further research to adapt bitcoin to the existing financial system and other applications seems more likely. Continued adoption by European merchants and an Indonesian crowd funding platform accepting bitcoins, gives hope that bitcoin is slowly gaining a grip on the traditional financial world. It’s still unsure about how the forking news will affect the price of Bitcoin. Major exchanges like Bitfinex have said the major exchanges will come together in agreement if a major shift happens, as there main concern is supporting as many customers as possible.
Developments in Blockchain:
The Blockchain is may play a key role in the Music Industry. Revelator builds software that allows artists and record labels to manage, track and market their music all from one application. The company sees the blockchain as an opportunity to simplify music rights, which remain complicated and difficult to verify, with a new Intellectual Property (IP) management system that will allow artists to register their works on an immutable ledger. They have partnered with Colu for this project.
On another front, ItBit has revealed details about the Bankchain project, a private consensus based ledger system aimed at providing enterprise financial solutions. With this, the New York based exchange has joined other Blockchain firms which are trying to seek the attention of banks that want to utilize the efficiencies of distributed Blockchain technology with private blockchains.
Technocorner:
The past week and a half has majorly been a week of innovation where ‘ecoin’ and ‘BitX’ have launched Hybrid debit cards. These debit cards are aimed to facilitate interchangeable payments in bitcoins or fiat currencies. ecoin plans to merge the bitcoin infrastructure with the existing financial climate, by taking a widely accepted form of payment like debit cards and combining it with Bitcoin to create a new Hybrid Cryptocurrency debit card. BitX is working on technology so users can also spend bitcoin offline without any internet connection. BitX and ZAZOO have announced this partnership that enable BitX users to use VCpay which works as an alternative for plastic cards.
Another interesting development is the BitcoinAlert Project, with the BitcoinAlert app that analyzes the prices historically and alerts about prices to buy or sell bitcoins. But the Technological development that trumped everything else this week would have to be ‘Filament’. Filament has raised $5 million in series A funding led by Bullpen capital, Verizon Ventures and Samsung Ventures. Filament is a decentralized IoT software stack that uses the bitcoin blockchain to enable devices to hold unique identities on a public ledger. By creating a smart device directory, Filament's IoT devices will be able to securely communicate, execute smart contracts and send microtransactions.
Article with the charts can be found here: http://www.benzinga.com/news/15/08/5779058/bitcoin-flash-crashed-this-week
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